411 S 5th St · Fairfax, OK 74637

$77,500

2 bd · 1.0 ba · 875 sqft · SingleFamily public records · 40 Days on market

Built 1935 1.94 ac lot

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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
• Appreciation +10.0/10.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0

Listing remarks

Welcome home to 411 S 5th St, a charming property full of warmth, character, and opportunity in the heart of Fairfax. Whether you're a first-time homebuyer, looking to downsize, or searching for an affordable investment property, this home checks all the boxes. Outside, you'll find a spacious yard with plenty of room to garden, entertain, or create your dream outdoor space. With peaceful surroundings, and a welcoming fully enclosed front porch, this home exudes small-town charm from the moment you arrive.

Key facts

• Spacious yard
• 1.94 acre lot
• Built 1935

Tags

• SPACIOUS YARD
• FULLY ENCLOSED FRONT PORCH

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Sidewalks

Exterior

• Security: Smoke detector(s); No safety shelter
• Utilities: Electricity available; Natural gas available; Public water; Public sewer
• Home design: Single-story; Faces east; Basement (partial)
• Construction: Wood siding; Wood frame construction; Metal roof; Basement foundation; Built (year per public records)
• Exterior features: Concrete driveway; Enclosed porch

Interior

• Kitchen: Oven; Range; Electric water heater
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Gas heating; Space heater; Window cooling unit(s)
• Interior features: Laminate counters; Ceiling fan(s); Gas oven connection; Wood frame windows
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $209 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($850 rent vs $78k).
• Recommended offer: $75k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#366 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Woodland (rural): math 15% / reading 23% proficiency, ranked #192 of 270 in OK (top 71%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 7 active listings in the ZIP; 89 units permitted in Osage County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($536 loan paydown + $8k appreciation (10.0% local appreciation)).
• Osage County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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.
• Current owner paid $14k; list at $78k implies a 474% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $75,175 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.10% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.53%
• DSCR: 1.51
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $24,500
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
360 N 5th St	0.52mi	1/1.0 (-1)	784 (-10%)	9mo	$22,000	$28	46

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.7%
• Equity multiple: 3.56×
• Total profit: $55,460
• Equity at exit: $69,818

10-year hold

• IRR: 28.2%
• Equity multiple: 8.04×
• Total profit: $152,812
• Equity at exit: $150,565

Cash invested: $21,700 (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 74637

• Home prices YoY: 11.6%
• Active inventory: 7
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $850 medium
• Mortgage (P&I): −$406
• Tax from tax record: −$24 /mo · $290/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $209

Break-even live

Break-even rent $586

Max offer price $77,500

Occupancy floor 70%

Sensitivity live

Price	-10% $252	-5% $231	+0% $209	+5% $187	+10% $165
Rent	-10% $141	-5% $175	+0% $209	+5% $242	+10% $276
Rate	-1.0pp $248	-0.5pp $228	base $209	+0.5pp $188	+1.0pp $168

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: $19,375
• Closing costs: $2,325
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-21
   days on market $77,500 Active 40 DOM
2. 2026-06-21
   days on market $77,500 Active 39 DOM
3. 2026-06-18
   days on market $77,500 Active 37 DOM
4. 2026-06-17
   days on market $77,500 Active 36 DOM
5. 2026-06-16
   days on market $77,500 Active 35 DOM
6. 2026-06-15
   days on market $77,500 Active 34 DOM
7. 2026-06-13
   days on market $77,500 Active 32 DOM
8. 2026-06-12
   days on market $77,500 Active 31 DOM
9. 2026-06-09
   days on market $77,500 Active 28 DOM
10. 2026-06-08
    days on market $77,500 Active 27 DOM
11. 2026-06-08
    days on market $77,500 Active 26 DOM
12. 2026-06-05
    days on market $77,500 Active 24 DOM
13. 2026-06-04
    days on market $77,500 Active 22 DOM
14. 2026-06-02
    days on market $77,500 Active 21 DOM
15. 2026-06-01
    days on market $77,500 Active 20 DOM
16. 2026-05-31
    days on market $77,500 Active 19 DOM
17. 2026-05-12
    listed $77,500 Active
18. 2026-04-30
    historical
19. 2026-04-02
    listed $79,000 Active
20. 2026-04-02
    historical
21. 2026-02-17
    status Active
22. 2026-02-10
    status Pending
23. 2026-02-02
    price $79,000
24. 2026-01-07
    price $89,000
25. 2025-10-20
    listed $98,900 Active
26. 2000-02-21
    soldstatus $13,500
27. 1999-12-14
    soldstatus $8,500
28. 1999-11-23
    soldstatus $8,500
29. 1995-07-02
    soldstatus $15,000

ⓘ 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: $290 · $24/mo
• Projected year-2 tax: $698 · $58/mo
• Expected delta: +$408/yr (+$34/mo · 140.5%)

ⓘ 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 8/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,199
• − Mortgage interest: −$4,341
• − Property taxes: −$290
• − Insurance: −$388
• − Repairs & maintenance: −$816
• − Management: −$816
• − Depreciation: −$2,255
• Taxable income: $1,294
• Est. tax owed @ 24.0%: −$311
• After-tax cash flow: $2,192/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: Woodland
• NCES district ID: 4030048
• Math proficiency: 15% ▬ 0.00%
• Reading proficiency: 23% ▼ -1.00%
• Median HH income: $34,036
• Composite: 15.53/100
• National rank: #9300
• State rank: #192 of 270 in OK

Livability — Fairfax

• Score: 60/100
• State rank: #366
• US rank: #19529

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairfax, OK
• Population (ZIP): 1,501

Population outlook (Osage County) Hauer SSP2

• Today (2025): 48,950 people
• By 2030: 48,936 · +-0.0%
• By 2040: 47,826 · -2.3%
• By 2050: 45,781 · -6.5%
• By 2075: 41,140 · -16.0%
• By 2100: 32,796 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 64% Native American 19% Two or more races 12% Black 3% Hispanic / Latino 3%
• Common ancestry: Italian 4% Slovak 2% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 1%

Political lean MEDSL · Osage

• 2024 margin: Solid R (+41.4) · D 28.4% · R 69.8% · Other 1.7%
• 2008→2024 swing: -17.7pp toward R · 2008: -23.7pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+39.5 2016: R+36.8 2012: R+25.2 2008: R+23.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 29.61%
• Current HPI: 285.9263
• 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

+416.7% since first listed

13 events — show timeline

• 2026-05-12 Listed $77,500 MLS Technology, Inc.
• 2026-04-30 Listing Removed — MLS Technology, Inc.
• 2026-04-02 Listing Removed — MLS Technology, Inc.
• 2026-04-02 Listed $79,000 MLS Technology, Inc.
• 2026-02-17 Relisted — MLS Technology, Inc.
• 2026-02-10 Pending — MLS Technology, Inc.
• 2026-02-02 Price Changed $79,000 MLS Technology, Inc.
• 2026-01-07 Price Changed $89,000 MLS Technology, Inc.
• 2025-10-20 Listed $98,900 MLS Technology, Inc.
• 2000-02-21 Sold (Public Records) $13,500 Public Records
• 1999-12-14 Sold (Public Records) $8,500 Public Records
• 1999-11-23 Sold (Public Records) $8,500 Public Records
• 1995-07-02 Sold (Public Records) $15,000 Public Records

Property tax history

+4.2%/yr

Latest (2025): $290 · +21.3% YoY. Source: county tax records.