615 N Lowe · Hobart, OK 73651

$129,000

3 bd · 2.0 ba · 1,418 sqft · SingleFamily public records · 86 Days on market

Built 1950 7,000 sqft lot

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Why this score? — see what drove the C+ 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 +21.6/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +4.6/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

Key facts

• Well maintained yard
• Covered entryway
• Quiet neighborhood

Tags

• NEW ROOF
• QUIET NEIGHBORHOOD
• WELL MAINTAINED YARD
• COVERED ENTRYWAY

Property features AI

Finance

• Other: Assumable loan: No; Occupancy: Not occupied; Listing status: Active; Conditions affecting sale: None
• Financial info: Price per square foot available but financial specifics omitted
• HOA & community: No mandatory association dues

Exterior

• Parking: 2-car garage
• Utilities: No specific utility details provided
• Home design: Single family residence; One story; Residential property; Located in the Lee addition; Homestead eligible
• Construction: Vinyl construction; Composition roof (roof replaced/dated 2025); Combination foundation
• Exterior features: Interior lot; No additional exterior features listed

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: 3 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central electric heating
• Interior features: One living area; No fireplace; Existing property
• Laundry & utility: Combination foundation

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $197 ($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 $124k (3.6% below list).
• Recommended offer: $121k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 53/100 on livability (#627 in OK) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: crime D+, amenities F, commute F.
• Hobart (town): math 23% / reading 28% proficiency, ranked #110 of 270 in OK (top 41%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hobart Es (math 32% / reading 27%, grade F, #255 of 845 statewide, top 35%, 366 students, 0% FRL); Hobart Hs (math 5% / reading 24%, grade F, #332 of 447 statewide, top 78%, 197 students, 0% FRL) — zoned schools average 0% FRL vs 63% district-wide (63 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 54 active listings in the ZIP.

Forward outlook

• In year one you build about $14k of equity ($892 loan paydown + $13k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y 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.
• Current owner paid $68k; list at $129k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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 D 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: 0.96% ✗
• Cap rate: 8.12%
• Cash-on-cash: 6.54%
• DSCR: 1.29
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $83,662
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
613 N Broadway	0.22mi	3/2.0	1,407 (-1%)	6mo	$115,000	$82	84
415 N Hitchcock St	0.23mi	3/1.0	1,372 (-3%)	6mo	$5,000	$4	75
215 N Washington	0.50mi	3/2.0	1,416 (-0%)	9mo	$139,500	$99	69
512 N Randlett St	0.17mi	3/1.0	1,248 (-12%)	11mo	$115,000	$92	59
325 W Dogwood St	0.19mi	2/1.0 (-1)	1,246 (-12%)	9mo	$73,000	$59	54
326 N Washington St	0.44mi	3/2.0	1,523 (+7%)	18mo	$83,100	$55	52
309 N Stephens St	0.37mi	3/2.0	1,520 (+7%)	24mo	$48,000	$32	51
118 S Hitchcock St	0.56mi	3/1.0	1,456 (+3%)	20mo	$11,666	$8	49
200 S Pueblo Ave	0.66mi	3/2.0	1,232 (-13%)	19mo	$100,000	$81	32
229 S Hill St	0.69mi	2/1.0 (-1)	1,254 (-12%)	15mo	$45,000	$36	27

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: 29.0%
• Equity multiple: 3.29×
• Total profit: $82,752
• Equity at exit: $116,213

10-year hold

• IRR: 25.2%
• Equity multiple: 7.47×
• Total profit: $233,736
• Equity at exit: $250,619

Cash invested: $36,120 (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 73651

• Home prices YoY: 8.0%
• Active inventory: 54
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,244 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$56 /mo · $666/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $197

Break-even live

Break-even rent $995

Max offer price $129,000

Occupancy floor 79%

Sensitivity live

Price	-10% $270	-5% $233	+0% $197	+5% $160	+10% $124
Rent	-10% $99	-5% $148	+0% $197	+5% $246	+10% $295
Rate	-1.0pp $262	-0.5pp $230	base $197	+0.5pp $163	+1.0pp $129

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-04-29
   status Pending
2. 2026-02-02
   listed $129,000 Active
3. 2025-12-31
   historical
4. 2025-11-24
   price $138,000
5. 2025-11-01
   price $149,500
6. 2025-09-25
   status Active
7. 2025-09-04
   historical
8. 2025-07-14
   listed $153,500 Active
9. 2025-01-03
   soldstatus $68,000
10. 2024-12-31
    soldstatus $68,000 Closed 540-char remark

    Show marketing remark (540 chars)

    Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

11. 2024-11-21
    status Pending 540-char remark

    Show marketing remark (540 chars)

    Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

12. 2024-11-14
    price $72,500 540-char remark

    Show marketing remark (540 chars)

    Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

13. 2024-07-29
    status Active 540-char remark

    Show marketing remark (540 chars)

    Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

14. 2024-07-29
    price $79,500 540-char remark

    Show marketing remark (540 chars)

    Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

15. 2024-06-23
    status Pending 540-char remark

    Show marketing remark (540 chars)

    Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

16. 2024-05-10
    price $84,500 540-char remark

    Show marketing remark (540 chars)

    Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

17. 2024-03-03
    listed $94,500 Active 540-char remark

    Show marketing remark (540 chars)

    Take a look at this move in ready Home it has a new roof put on in 2022, and new A/C and heater, also there is a Generac Generator 16 KW. Along with these features comes a great house with 3 good size bedrooms & 2 1/2 bathrooms , Large living room, kitchen and dining room are adjoining but good size. The laundry room has an exit door to the backyard to where there is a patio, two car carport, and storage shed. There is another entrance to the back of the house also. Dishwasher & Stove come with house. Call for Showing!!!

18. 1998-01-22
    soldstatus $13,500

ⓘ 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: $666 · $56/mo
• Projected year-2 tax: $1,161 · $97/mo
• Expected delta: +$495/yr (+$41/mo · 74.3%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major

Taxation est. · year 1

• Rental income: $14,926
• − Mortgage interest: −$7,226
• − Property taxes: −$666
• − Insurance: −$645
• − Repairs & maintenance: −$1,194
• − Management: −$1,194
• − Depreciation: −$3,753
• Taxable income: $248
• Est. tax owed @ 24.0%: −$60
• After-tax cash flow: $2,303/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: Hobart
• NCES district ID: 4014700
• Math proficiency: 23% ▼ -6.00%
• Reading proficiency: 28% ▼ -8.00%
• Median HH income: $36,779
• Composite: 21.2/100
• National rank: #8417
• State rank: #110 of 270 in OK

Livability — Hobart

• Score: 53/100
• State rank: #627
• US rank: #24677

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hobart, OK
• City population: 4,070
• Population (ZIP): 4,070

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 10% Black 4% Native American 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Iranian 8% Italian 2% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 90% English-only · Spanish 10%

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: ▲ 11.68%
• Current HPI: 158.6311
• 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

+855.6% since first listed

18 events — show timeline

• 2026-04-29 Pending — MLSOK
• 2026-02-02 Listed $129,000 MLSOK
• 2025-12-31 Listing Removed — MLSOK
• 2025-11-24 Price Changed $138,000 MLSOK
• 2025-11-01 Price Changed $149,500 MLSOK
• 2025-09-25 Relisted — MLSOK
• 2025-09-04 Listing Removed — MLSOK
• 2025-07-14 Listed $153,500 MLSOK
• 2025-01-03 Sold (Public Records) $68,000 Public Records
• 2024-12-31 Sold (MLS) $68,000 MLSOK
• 2024-11-21 Pending — MLSOK
• 2024-11-14 Price Changed $72,500 MLSOK
• 2024-07-29 Relisted — MLSOK
• 2024-07-29 Price Changed $79,500 MLSOK
• 2024-06-23 Pending — MLSOK
• 2024-05-10 Price Changed $84,500 MLSOK
• 2024-03-03 Listed $94,500 MLSOK
• 1998-01-22 Sold (Public Records) $13,500 Public Records

Property tax history

+4.4%/yr

Latest (2025): $666 · -16.5% YoY. Source: county tax records.