506 D St NW · Ardmore, OK 73401

$130,000

2 bd · 1.0 ba · 1,080 sqft · SingleFamily public records · 126 Days on market

Built 1952 5,663 sqft lot Est $117k · 11% over

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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 +21.3/30.0
• DSCR +6.8/10.0
• 1% rule +4.4/10.0
• Rent growth +4.3/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +2.3/15.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this 2-bedroom 1 Bath home in the NW Part of Ardmore. If you are looking for a Great FLIP or Investment property this home is definitely worth checking out. This home is located in a great neighborhood and has TONS of potential. This home needs a lot of love and care but would make a great opportunity for the right buyer. Call today to check it out.

Key facts

• Updated electrical
• Fresh paint
• New flooring

Tags

• NEW HVAC SYSTEM
• NEW ROOF
• UPDATED PLUMBING
• UPDATED ELECTRICAL
• NEW FLOORING
• FRESH PAINT

Property features AI

Finance

• HOA & community: Gutters noted as a community feature

Exterior

• Parking: Detached garage (1 car)
• Security: No safety shelter
• Utilities: Electricity available; Public water; Public sewer
• Home design: Single-story; Faces west; Crawlspace foundation
• Construction: Brick, vinyl siding, and wood frame construction; Asphalt/fiberglass roof; Built from public records
• Exterior features: Covered porch; Rain gutters; Shed(s); Chain link fencing; Mature trees

Interior

• Kitchen: Electric range connection
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Laminate counters; Ceiling fan(s); Aluminum window frames; Electric range connection
• Laundry & utility: Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $190 ($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 $122k (5.9% below list).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.6% in Ardmore — 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 58/100 on livability (#447 in OK) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Ardmore (town): math 12% / reading 15% proficiency, ranked #241 of 270 in OK (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.4%/yr); 379 active listings in the ZIP; 73 units permitted in Carter County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Carter County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 7.4% rent growth), your $36k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $38k; list at $130k implies a 242% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 126 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 1952 — 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. 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?
8. 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.
9. 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.
10. 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: 0.94% ✗
• Cap rate: 8.05%
• Cash-on-cash: 6.28%
• DSCR: 1.28
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $116,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
504 5th NW	0.11mi	2/1.0	1,162 (+8%)	3mo	$138,000	$119	80
607 3rd NW	0.24mi	3/1.0 (+1)	1,096 (+2%)	7mo	$80,000	$73	75
20 8th NW	0.32mi	3/1.0 (+1)	1,109 (+3%)	10mo	$80,000	$72	67
408 NW 11th St	0.36mi	2/1.0	1,194 (+11%)	1mo	$140,000	$117	64
810 2nd Ave NW	0.38mi	2/2.0	1,172 (+8%)	10mo	$75,000	$64	55
1412 Healdton Blvd	0.70mi	3/1.0 (+1)	1,124 (+4%)	2mo	$144,300	$128	54
1115 Harris St	0.51mi	2/2.0	1,180 (+9%)	4mo	$128,000	$108	53
1218 G St NW	0.65mi	2/1.0	1,000 (-7%)	7mo	$90,000	$90	51
1220 Hargrove	0.51mi	3/1.0 (+1)	1,182 (+9%)	7mo	$155,000	$131	50
113 10th Ave NE	0.56mi	2/1.0	938 (-13%)	3mo	$83,000	$88	49
818 Northwest Blvd	0.73mi	2/1.0	928 (-14%)	3mo	$114,900	$124	40
625 Northwest Ave	0.66mi	3/1.0 (+1)	1,239 (+15%)	6mo	$75,000	$61	34

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 · 7.38% rent growth · sell at horizon

5-year hold

• IRR: -2.4%
• Equity multiple: 0.91×
• Total profit: $-3,366
• Equity at exit: $19,383

10-year hold

• IRR: 11.2%
• Equity multiple: 2.04×
• Total profit: $37,737
• Equity at exit: $11,240

Cash invested: $36,400 (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 73401

• Home prices YoY: -21.7%
• Rents YoY: 7.4%
• Active inventory: 379
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,223 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$40 /mo · $478/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $190

Break-even live

Break-even rent $982

Max offer price $130,000

Occupancy floor 79%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $130,000 Active 126 DOM
2. 2026-06-18
   days on market $130,000 Active 125 DOM
3. 2026-06-17
   days on market $130,000 Active 124 DOM
4. 2026-06-16
   days on market $130,000 Active 123 DOM
5. 2026-06-15
   days on market $130,000 Active 122 DOM
6. 2026-06-14
   days on market $130,000 Active 120 DOM
7. 2026-06-12
   days on market $130,000 Active 119 DOM
8. 2026-06-09
   days on market $130,000 Active 116 DOM
9. 2026-06-08
   days on market $130,000 Active 115 DOM
10. 2026-06-07
    days on market $130,000 Active 114 DOM
11. 2026-06-05
    days on market $130,000 Active 111 DOM
12. 2026-06-03
    days on market $130,000 Active 110 DOM
13. 2026-06-02
    days on market $130,000 Active 109 DOM
14. 2026-06-01
    days on market $130,000 Active 108 DOM
15. 2026-05-31
    days on market $130,000 Active 107 DOM
16. 2026-05-30
    days on market $130,000 Active 106 DOM
17. 2026-04-21
    price $130,000
18. 2026-02-12
    listed $140,000 Active
19. 2023-09-01
    soldstatus $38,000 Closed 361-char remark

    Show marketing remark (361 chars)

    Check out this 2-bedroom 1 Bath home in the NW Part of Ardmore. If you are looking for a Great FLIP or Investment property this home is definitely worth checking out. This home is located in a great neighborhood and has TONS of potential. This home needs a lot of love and care but would make a great opportunity for the right buyer. Call today to check it out.

20. 2023-08-03
    status Pending 361-char remark

    Show marketing remark (361 chars)

    Check out this 2-bedroom 1 Bath home in the NW Part of Ardmore. If you are looking for a Great FLIP or Investment property this home is definitely worth checking out. This home is located in a great neighborhood and has TONS of potential. This home needs a lot of love and care but would make a great opportunity for the right buyer. Call today to check it out.

21. 2023-06-30
    listed $49,900 Active 361-char remark

    Show marketing remark (361 chars)

    Check out this 2-bedroom 1 Bath home in the NW Part of Ardmore. If you are looking for a Great FLIP or Investment property this home is definitely worth checking out. This home is located in a great neighborhood and has TONS of potential. This home needs a lot of love and care but would make a great opportunity for the right buyer. Call today to check it out.

22. 2019-08-16
    soldstatus $8,600 128-char remark

    Show marketing remark (128 chars)

    Auction properties are sold AS IS without any guarantee or warranty by seller. Property may be occupied. Please do not trespass.

23. 2019-06-20
    listed $12,325 128-char remark

    Show marketing remark (128 chars)

    Auction properties are sold AS IS without any guarantee or warranty by seller. Property may be occupied. Please do not trespass.

24. 2009-06-18
    soldstatus $65,000
25. 2005-05-06
    soldstatus $52,500
26. 2002-08-30
    soldstatus $38,000

ⓘ 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: $478 · $40/mo
• Projected year-2 tax: $1,170 · $98/mo
• Expected delta: +$692/yr (+$58/mo · 144.8%)

ⓘ 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 ≥112°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,676
• − Mortgage interest: −$7,282
• − Property taxes: −$478
• − Insurance: −$650
• − Repairs & maintenance: −$1,174
• − Management: −$1,174
• − Depreciation: −$3,782
• Taxable income: $136
• Est. tax owed @ 24.0%: −$33
• After-tax cash flow: $2,253/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: Ardmore
• NCES district ID: 4003180
• Math proficiency: 12% ▼ -7.00%
• Reading proficiency: 15% ▼ -6.00%
• Median HH income: $35,194
• Composite: 11.1/100
• National rank: #9733
• State rank: #241 of 270 in OK

Livability — Ardmore

• Score: 58/100
• State rank: #447
• US rank: #21387

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ardmore, OK
• County: Carter County · 36,833 people
• City population: 36,833
• Metro: Ardmore, OK
• Population (ZIP): 36,833
• Household income: $61,989
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 1026.0

Population outlook (Carter County) Hauer SSP2

• Today (2025): 50,892 people
• By 2030: 51,913 · +2.0%
• By 2040: 53,857 · +5.8%
• By 2050: 55,604 · +9.3%
• By 2075: 60,670 · +19.2%
• By 2100: 62,366 · +22.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 65% Two or more races 14% Hispanic / Latino 9% Native American 8% Black 7% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Slovak 2% Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 5%

Political lean MEDSL · Carter

• 2024 margin: Solid R (+54.7) · D 21.9% · R 76.7% · Other 1.4%
• 2008→2024 swing: -14.2pp toward R · 2008: -40.5pp · 2024: -54.7pp
• All cycles: 2024: R+54.7 2020: R+52.5 2016: R+52.6 2012: R+42.7 2008: R+40.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.93%
• Current HPI: 269.7381
• Rent YoY: ▲ 7.38%
• Metro: Ardmore, 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

+242.1% since first listed

10 events — show timeline

• 2026-04-21 Price Changed $130,000 MLS Technology, Inc.
• 2026-02-12 Listed $140,000 MLS Technology, Inc.
• 2023-09-01 Sold (MLS) $38,000 MLS Technology, Inc.
• 2023-08-03 Pending — MLS Technology, Inc.
• 2023-06-30 Listed $49,900 MLS Technology, Inc.
• 2019-08-16 Sold (MLS) $8,600 MLSOK
• 2019-06-20 Listed $12,325 MLSOK
• 2009-06-18 Sold (Public Records) $65,000 Public Records
• 2005-05-06 Sold (Public Records) $52,500 Public Records
• 2002-08-30 Sold (Public Records) $38,000 Public Records

Property tax history

-1.9%/yr

Latest (2025): $478 · +5.1% YoY. Source: county tax records.