2215 S 11th St · Chickasha, OK 73018

$152,400

3 bd · 2.0 ba · 1,281 sqft · SingleFamily public records · 91 Days on market

Built 1969 7,841 sqft lot Est $150k · at est.

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.2/30.0
• ARV discount +6.7/15.0
• DSCR +6.1/10.0
• 1% rule +4.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Located in an established neighborhood in Chickasha, this 4-bedroom, 2-bath home offers a functional layout with lots of square footage. Built in 1969, the property sits on a manageable lot and provides a good mix of living space and bedroom count for the price point. The interior includes a central living area, large kitchen space, and multiple bedrooms that can flex for meet your needs, office space, or rental potential. With approximately 1,590 square feet (buyer to verify), and new carpet you can modernize and add you touches as you go without starting from scratch. The exterior offers a straightforward yard setup with space for outdoor use, pets, or future improvements. Located with qu

Key facts

• Central living area
• Manageable lot
• Large kitchen space

Tags

• ESTABLISHED NEIGHBORHOOD
• CENTRAL LIVING AREA
• LARGE KITCHEN SPACE
• MANAGEABLE LOT
• QUICK ACCESS TO LOCAL SCHOOLS
• QUICK ACCESS TO SHOPPING

Property features AI

Finance

• Other: Homestead not claimed; Located in the Taff addition; Listed as active; previously had a price decrease; Living area reported as 1,592 (assessor)
• Financial info: Not assumable
• HOA & community: No mandatory association dues

Exterior

• Home design: Single family residence; One-story; Residential property; Existing property
• Construction: Brick & frame construction; Composition roof; Slab foundation
• Exterior features: Covered porch; Interior lot

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: One living area; No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $152k.

Deal economics

• At list price, monthly cash flow is $164 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (9.6% below list).
• Recommended offer: $138k (9.6% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.8% in Chickasha — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#117 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Chickasha (town): math 23% / reading 27% proficiency, ranked #115 of 270 in OK (top 43%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Grand Avenue Es (math 40% / reading 31%, grade F, #165 of 845 statewide, top 20%, 490 students, 0% FRL); Chickasha Hs (math 12% / reading 27%, grade F, #296 of 447 statewide, top 67%, 749 students, 0% FRL) — zoned schools average 0% FRL vs 64% district-wide (64 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 203 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 224 units permitted in Grady County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Grady County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($139k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $85k; list at $152k implies a 79% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,795 (9.6% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.90% ✗
• Cap rate: 7.59%
• Cash-on-cash: 4.62%
• DSCR: 1.21
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $149,877
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2219 S 11th St	0.01mi	3/1.5	1,342 (+5%)	2mo	$150,000	$112	88
112 Taft Dr	0.04mi	3/2.0	1,201 (-6%)	3mo	$170,000	$142	85
104 S 9th Street Cir	0.20mi	3/2.0	1,321 (+3%)	6mo	$178,000	$135	80
108 S 9th Street Cir	0.21mi	3/1.5	1,195 (-7%)	3mo	$155,000	$130	74
1012 Grand Ter	0.10mi	3/1.0	1,138 (-11%)	1mo	$70,000	$62	72
1605 W Louisiana Ave	0.48mi	3/2.0	1,224 (-4%)	4mo	$170,000	$139	67
19 Circle Dr	0.44mi	3/1.0	1,213 (-5%)	6mo	$137,500	$113	61
1909 W Louisiana Ave	0.68mi	3/2.0	1,211 (-6%)	0mo	$199,000	$164	59
709 W Alabama Ave	0.48mi	3/2.0	1,118 (-13%)	1mo	$125,000	$112	56
1303 S 9th St	0.69mi	3/1.5	1,360 (+6%)	1mo	$146,000	$107	55
2002 S 20th St	0.71mi	3/2.0	1,362 (+6%)	6mo	$160,000	$117	51
1814 S 20th St	0.75mi	3/1.0	1,100 (-14%)	5mo	$102,000	$93	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.1%
• Equity multiple: 0.67×
• Total profit: $-14,290
• Equity at exit: $22,723

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $793
• Equity at exit: $13,177

Cash invested: $42,672 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Oklahoma: 83 Strongly Landlord-Friendly · R+20
• County: — inherits STATE
• City: — inherits STATE

5-day notice; strongly landlord-favorable.

Methodology + full state rankings →

ZIP-level market 73018

• Home prices YoY: -21.1%
• Active inventory: 203
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,378 high
• Mortgage (P&I): −$799
• Tax from tax record: −$62 /mo · $739/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $164

Break-even live

Break-even rent $1,170

Max offer price $152,400

Occupancy floor 83%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $38,100
• Closing costs: $4,572
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3507 W Mississippi Ave Chickasha, OK	4.0	2.0	1240	$1,474	$1.19	2d	1	0.27mi
607 W Wisconsin Ave Chickasha, OK	3.0	2.0	1270	$1,395	$1.10	11d	1	0.45mi
1024 S 13th St Chickasha, OK	2.0	2.0	1265	$925	$0.73	10d	1	0.86mi
2220 W Utah Ave Unit 2220 Chickasha, OK	2.0	1.0	910	$1,055	$1.16	2d	1	0.87mi
2226 W Utah Ave Chickasha, OK	2.0	1.0	1000	$1,055	$1.05	15d	1	0.88mi
1008 S 14th St Chickasha, OK	3.0	2.0	1485	$1,395	$0.94	2d	1	0.91mi
509 W Oregon Ave Chickasha, OK	2.0	2.0	900	$1,200	$1.33	2d	1	1.14mi
2024 Taylor St Chickasha, OK	3.0	2.0	1355	$1,525	$1.13	2d	1	1.14mi
2730 Valley View Cir Chickasha, OK	2.0–3.0	2.0	1087	$1,495	$1.37	2d	3	1.19mi
2716 Valley View Dr Chickasha, OK	3.0	2.0	1242	$1,350	$1.09	2d	1	1.23mi
816 S 2nd St Chickasha, OK	3.0	2.0	1047	$1,100	$1.05	2d	1	1.24mi
519 W Minnesota Ave Chickasha, OK	2.0	2.0	1100	$1,250	$1.14	2d	1	1.33mi

Listing history 19 events

1. 2026-06-18
   days on market $152,400 Active 91 DOM
2. 2026-06-17
   days on market $152,400 Active 90 DOM
3. 2026-06-16
   days on market $152,400 Active 89 DOM
4. 2026-06-15
   days on market $152,400 Active 88 DOM
5. 2026-06-13
   pricedays on market $152,400 Active 86 DOM
6. 2026-06-09
   days on market $153,900 Active 82 DOM
7. 2026-06-08
   days on market $153,900 Active 81 DOM
8. 2026-06-07
   days on market $153,900 Active 80 DOM
9. 2026-06-05
   days on market $153,900 Active 77 DOM
10. 2026-06-03
    days on market $153,900 Active 76 DOM
11. 2026-06-02
    days on market $153,900 Active 75 DOM
12. 2026-06-01
    days on market $153,900 Active 74 DOM
13. 2026-05-31
    days on market $153,900 Active 73 DOM
14. 2026-05-19
    price $153,900
15. 2026-04-30
    price $155,700
16. 2026-04-16
    price $159,900
17. 2026-03-19
    listed $164,900 Active
18. 2025-08-11
    soldstatus $85,000
19. 2005-02-24
    soldstatus $82,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OK · Resets to sale price

• Current annual tax: $739 · $62/mo
• Projected year-2 tax: $1,372 · $114/mo
• Expected delta: +$633/yr (+$53/mo · 85.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,535
• − Mortgage interest: −$8,537
• − Property taxes: −$739
• − Insurance: −$762
• − Repairs & maintenance: −$1,323
• − Management: −$1,323
• − Depreciation: −$4,433
• Taxable loss: −$581
• Est. tax savings @ 24.0%: +$140
• After-tax cash flow: $2,111/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Chickasha
• NCES district ID: 4007560
• Math proficiency: 23% ▼ -11.00%
• Reading proficiency: 27% ▼ -8.00%
• Median HH income: $38,561
• Composite: 20.95/100
• National rank: #8476
• State rank: #115 of 270 in OK

Livability — Chickasha

• Score: 66/100
• State rank: #117
• US rank: #11902

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment C Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasha, OK
• County: Grady County · 20,505 people
• City population: 20,505
• Metro: Oklahoma City, OK
• Population (ZIP): 20,505
• Household income: $56,484
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 685.0

Population outlook (Grady County) Hauer SSP2

• Today (2025): 59,962 people
• By 2030: 62,513 · +4.3%
• By 2040: 67,338 · +12.3%
• By 2050: 71,719 · +19.6%
• By 2075: 82,684 · +37.9%
• By 2100: 89,387 · +49.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Two or more races 11% Hispanic / Latino 9% Black 5% Native American 5%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Iranian 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Grady

• 2024 margin: Solid R (+62.7) · D 17.9% · R 80.6% · Other 1.5%
• 2008→2024 swing: -16.0pp toward R · 2008: -46.7pp · 2024: -62.7pp
• All cycles: 2024: R+62.7 2020: R+62.3 2016: R+60.3 2012: R+51.2 2008: R+46.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.82%
• Current HPI: 249.6051
• Rent YoY: —
• Metro: Oklahoma City, OK
• State GDP YoY: ▲ 1.55%
• F500 in state: 6

Industry mix (Fortune 500 HQ in OK)

Industry	F500 HQs	Revenue
▸Energy	3	$48B

Price history

+86.5% since first listed

6 events — show timeline

• 2026-05-19 Price Changed $153,900 MLSOK
• 2026-04-30 Price Changed $155,700 MLSOK
• 2026-04-16 Price Changed $159,900 MLSOK
• 2026-03-19 Listed $164,900 MLSOK
• 2025-08-11 Sold (Public Records) $85,000 Public Records
• 2005-02-24 Sold (Public Records) $82,500 Public Records

Property tax history

-1.8%/yr

Latest (2020): $739 · +0.4% YoY. Source: county tax records.