4523 NW Cheyenne Ave · Lawton, OK 73505

$89,900

3 bd · 1.0 ba · 1,146 sqft · SingleFamily public records · 139 Days on market

Built 1960 8,382 sqft lot Est $133k · 32% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• Rent growth +3.8/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming 3 bedroom, 1 bath brick home on Lawton’s desirable NW side! Conveniently located just minutes from shopping, dining, and Ft. Sill Blvd, this property offers everyday convenience with quick access to Ft. Sill. The home features a newer roof for added peace of mind, a 1-car garage, and all kitchen appliances included—making it a move-in ready choice. Whether you’re looking for a comfortable place to call home or a solid investment opportunity, this property checks all the boxes! Contact Evan for a private showing at 405-201-9118.

Key facts

• Move-in ready
• Newer roof
• 8,382 sq ft lot

Tags

• NEWER ROOF
• KITCHEN APPLIANCES INCLUDED
• MOVE-IN READY

Property features AI

Exterior

• Parking: Attached garage with automatic opener (1 covered/garage space); 1 total parking space
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single family residence; One story
• Construction: Brick veneer construction; Crawl space foundation
• Exterior features: Covered porch; Chain link fencing; Composition roof; Public maintained road access; City street frontage; Lot dimensions approximately 66 x 127

Interior

• Kitchen: Cooktop; Microwave; Dishwasher; Refrigerator; Gas water heater
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central electric air conditioning; Ceiling fan(s)
• Interior features: Window coverings; Smoke detector(s)
• Laundry & utility: Washer hookup; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.8% vs local median 6.1% in Lawton — 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 63/100 on livability (#206 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, commute F.
• Lawton (urban): math 20% / reading 26% proficiency, ranked #137 of 270 in OK (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Ridgecrest Es (math 27% / reading 17%, grade F, #413 of 845 statewide, top 54%, 453 students, 0% FRL); Eisenhower Ms (math 20% / reading 30%, grade F, #90 of 345 statewide, top 27%, 1,035 students, 0% FRL); Eisenhower Hs (math 19% / reading 29%, grade F, #215 of 447 statewide, top 48%, 1,350 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+5.1%/yr); 398 active listings in the ZIP; 133 units permitted in Comanche County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Comanche County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.1% rent growth), your $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major 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 $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 139 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 1960 — 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. 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: 1.40% ✓
• Cap rate: 11.82%
• Cash-on-cash: 19.75%
• DSCR: 1.88
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $132,936
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4428 Baltimore	0.10mi	3/1.0	1,100 (-4%)	2mo	$134,900	$123	87
4635 NW Lincoln Ave	0.33mi	3/1.5	1,200 (+5%)	4mo	$110,000	$92	72
4607 NW Lincoln Ave	0.32mi	3/2.0	1,100 (-4%)	4mo	$127,500	$116	71
1502 NW 48th St	0.08mi	3/2.0	1,000 (-13%)	1mo	$84,343	$84	70
2306 NW 47th St	0.45mi	3/1.5	1,100 (-4%)	1mo	$125,000	$114	69
1707 NW 49th St	0.11mi	3/2.0	1,300 (+13%)	1mo	$165,000	$127	67
1712 NW 49th St	0.17mi	3/1.0	1,300 (+13%)	4mo	$46,001	$35	66
1703 NW 43rd St	0.47mi	3/2.0	1,200 (+5%)	2mo	$171,450	$143	65
4610 NW Lincoln Ave	0.29mi	3/1.0	1,000 (-13%)	2mo	$80,000	$80	63
2410 NW Norman Cir	0.63mi	3/2.0	1,101 (-4%)	3mo	$153,000	$139	58
4811 NW Lindy Ave	0.68mi	3/2.0	1,200 (+5%)	4mo	$141,492	$118	53
4618 NW Ozmun Ave	0.73mi	3/1.5	1,000 (-13%)	4mo	$103,000	$103	40

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 · 5.14% rent growth · sell at horizon

5-year hold

• IRR: 14.1%
• Equity multiple: 1.58×
• Total profit: $14,578
• Equity at exit: $13,404

10-year hold

• IRR: 24.4%
• Equity multiple: 3.32×
• Total profit: $58,524
• Equity at exit: $7,773

Cash invested: $25,172 (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 73505

• Rents YoY: 5.1%
• Active inventory: 398
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,260 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$73 /mo · $872/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $414

Break-even live

Break-even rent $736

Max offer price $89,900

Occupancy floor 62%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-19
   status Pending
2. 2026-05-07
   historical Active Under Contract
3. 2026-04-30
   status Active
4. 2026-02-23
   historical Active Under Contract
5. 2026-01-30
   price $89,900
6. 2025-12-30
   listed $94,500 Active
7. 2025-05-09
   soldstatus $87,500
8. 2024-02-18
   historical $850
9. 2024-02-14
   listed $850
10. 2022-07-18
    soldstatus $70,000
11. 2022-06-17
    listed $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: $872 · $73/mo
• Projected year-2 tax: $872 · $73/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,125
• − Mortgage interest: −$5,036
• − Property taxes: −$872
• − Insurance: −$450
• − Repairs & maintenance: −$1,210
• − Management: −$1,210
• − Depreciation: −$2,615
• Taxable income: $3,733
• Est. tax owed @ 24.0%: −$896
• After-tax cash flow: $4,074/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: Lawton
• NCES district ID: 4017250
• Math proficiency: 20% ▼ -12.00%
• Reading proficiency: 26% ▼ -9.00%
• Median HH income: $42,618
• Composite: 19.68/100
• National rank: #8732
• State rank: #137 of 270 in OK

Livability — Lawton

• Score: 63/100
• State rank: #206
• US rank: #15131

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lawton, OK
• County: Comanche County · 96,361 people
• City population: 89,233
• Metro: Lawton, OK
• Population (ZIP): 47,790
• Household income: $58,272
• Rent vs Own: 48.2% rent · 51.8% own
• Severe rent burden: 1986.0

Population outlook (Comanche County) Hauer SSP2

• Today (2025): 124,518 people
• By 2030: 124,231 · -0.2%
• By 2040: 122,193 · -1.9%
• By 2050: 120,368 · -3.3%
• By 2075: 120,492 · -3.2%
• By 2100: 123,113 · -1.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 50% Black 17% Two or more races 16% Hispanic / Latino 16% Native American 4% Asian 3%
• Hispanic origin (detail): Mexican 11% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 1%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 6% German/W. Germanic 2% Korean 1%

Political lean MEDSL · Comanche

• 2024 margin: Strong R (+23.3) · D 37.4% · R 60.7% · Other 1.9%
• 2008→2024 swing: -5.8pp toward R · 2008: -17.5pp · 2024: -23.3pp
• All cycles: 2024: R+23.3 2020: R+20.1 2016: R+23.7 2012: R+17.0 2008: R+17.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -134.88%
• Current HPI: 169.4524
• Rent YoY: ▲ 5.14%
• Metro: Lawton, 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

+9.0% since first listed

11 events — show timeline

• 2026-05-19 Pending — LBRMLS
• 2026-05-07 Contingent — LBRMLS
• 2026-04-30 Relisted — LBRMLS
• 2026-02-23 Contingent — LBRMLS
• 2026-01-30 Price Changed $89,900 LBRMLS
• 2025-12-30 Listed $94,500 LBRMLS
• 2025-05-09 Sold (Public Records) $87,500 Public Records
• 2024-02-18 Rental Removed $850 BUILDIUM
• 2024-02-14 Listed for Rent $850 BUILDIUM
• 2022-07-18 Sold (MLS) $70,000 LBRMLS
• 2022-06-17 Listed $82,500 LBRMLS

Property tax history

+1.4%/yr

Latest (2025): $872 · +4.7% YoY. Source: county tax records.