20746 E 1460 Rd #57 · Lone Wolf, OK 73655

$65,000

2 bd · 1.0 ba · 555 sqft · SingleFamily · 526 Days on market

Built 1964 575 sqft lot ↓ 13% since listing

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Why this score? — see what drove the B- 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 +26.7/30.0
• DSCR +9.2/10.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Appreciation +5.9/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks

Looking for the perfect summer getaway? This charming 2-bedroom, 1-bathrom mobile home located at Lake Altus-Lugert, across from Quartz Mountain State Park is calling your name! Nestled just a short walk from the sparkling shores of the lake, this cozy retreat offers everything you need for lakeside living. Enjoy your morning coffee or evening breezes on the screened-in, covered patio-ideal for soaking in the serene views. The fully-fenced chain-link yard provides privacy and security, making it perfect for pets or kids to play freely. Got toys? The spacious storage shed can fit your golf cart pr ATV, so you're always ready for an adventure. With total electric utilities, maintenance is a b

Key facts

• Built 1964
• Listed 525 days

Tags

• SCREENED-IN COVERED PATIO
• FULLY-FENCED CHAIN-LINK YARD
• SPACIOUS STORAGE SHED
• TOTAL ELECTRIC UTILITIES

Property features AI

Finance

• Other: Property listed active; occupied: No
• Financial info: Listing terms: Cash or Conventional; Assumable: No
• HOA & community: No mandatory association dues

Exterior

• Parking: Other parking
• Utilities: No storm shelter
• Home design: Single-family residence; One story; Residential property
• Construction: Aluminum and frame construction; Other roof; Slab foundation; Move-to-site build status; Built as part of Hicks Mt Cabins addition
• Exterior features: Covered patio; Outbuildings; Interior lot

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Other heating; Window unit(s) for cooling
• Interior features: One living area; No fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $176 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($792 rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#430 in OK) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Lone Wolf (rural): math 11% / reading 20% proficiency, ranked #457 of 513 in OK (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Lone Wolf Es (math 5% / reading 24%, grade F, #599 of 845 statewide, top 71%, 71 students, 0% FRL); Lone Wolf Hs (math 10% / reading 10%, grade F, #361 of 447 statewide, top 94%, 38 students, 0% FRL) — zoned schools average 0% FRL vs 74% district-wide (74 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 11 active listings in the ZIP.

Forward outlook

• In year one you build about $2k of equity ($449 loan paydown + $1k appreciation (1.7% local appreciation)).
• At projected returns (1.7% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 526 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 526 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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 F-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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.22% ✓
• Cap rate: 9.54%
• Cash-on-cash: 11.61%
• DSCR: 1.52
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.71% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.3%
• Equity multiple: 1.81×
• Total profit: $14,750
• Equity at exit: $24,641

10-year hold

• IRR: 18.0%
• Equity multiple: 3.33×
• Total profit: $42,469
• Equity at exit: $34,733

Cash invested: $18,200 (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 73655

• Home prices YoY: 0.7%
• Active inventory: 11
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $792 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$166
• Net cashflow: $176

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 73%

Sensitivity live

Price	-10% $221	-5% $199	+0% $176	+5% $154	+10% $131
Rent	-10% $114	-5% $145	+0% $176	+5% $207	+10% $239
Rate	-1.0pp $209	-0.5pp $193	base $176	+0.5pp $159	+1.0pp $142

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $65,000 Active 526 DOM
2. 2026-06-17
   days on market $65,000 Active 525 DOM
3. 2026-06-16
   days on market $65,000 Active 524 DOM
4. 2026-06-15
   days on market $65,000 Active 523 DOM
5. 2026-06-13
   days on market $65,000 Active 521 DOM
6. 2026-06-12
   days on market $65,000 Active 520 DOM
7. 2026-06-09
   days on market $65,000 Active 517 DOM
8. 2026-06-08
   days on market $65,000 Active 516 DOM
9. 2026-06-08
   days on market $65,000 Active 515 DOM
10. 2026-06-05
    days on market $65,000 Active 513 DOM
11. 2026-06-04
    days on market $65,000 Active 511 DOM
12. 2026-06-02
    days on market $65,000 Active 510 DOM
13. 2026-06-01
    days on market $65,000 Active 509 DOM
14. 2026-05-31
    days on market $65,000 Active 508 DOM
15. 2025-02-21
    price $65,000
16. 2025-01-31
    price $70,000
17. 2025-01-08
    listed $75,000 Active

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,499
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$760
• − Management: −$760
• − Depreciation: −$1,891
• Taxable income: $1,147
• Est. tax owed @ 24.0%: −$275
• After-tax cash flow: $1,838/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: Lone Wolf
• NCES district ID: 4018270
• Math proficiency: 11% ▲ 5.00%
• Reading proficiency: 20% ▲ 5.00%
• Median HH income: $41,747
• Composite: 16.81/100
• National rank: #14219
• State rank: #457 of 513 in OK

Livability — Lone Wolf

• Score: 58/100
• State rank: #430
• US rank: #21124

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 898

Population outlook (Kiowa County) Hauer SSP2

• Today (2025): 8,842 people
• By 2030: 8,733 · -1.2%
• By 2040: 8,641 · -2.3%
• By 2050: 8,758 · -1.0%
• By 2075: 9,894 · +11.9%
• By 2100: 11,194 · +26.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Two or more races 16% Black 5% Native American 4% Hispanic / Latino 3%
• Common ancestry: European 2% Italian 1% Slovak 1%
• Foreign-born: 0%
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Kiowa

• 2024 margin: Solid R (+58.3) · D 20.1% · R 78.4% · Other 1.6%
• 2008→2024 swing: -23.5pp toward R · 2008: -34.8pp · 2024: -58.3pp
• All cycles: 2024: R+58.3 2020: R+57.6 2016: R+52.4 2012: R+35.4 2008: R+34.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.71%
• Current HPI: 232.1983
• Rent YoY: —
• Metro: —
• 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

-13.3% since first listed

3 events — show timeline

• 2025-02-21 Price Changed $65,000 MLSOK
• 2025-01-31 Price Changed $70,000 MLSOK
• 2025-01-08 Listed $75,000 MLSOK