530 N Lowe St · Hobart, OK 73651

$124,500

3 bd · 2.0 ba · 1,316 sqft · SingleFamily public records · 182 Days on market

Built 1953 7,000 sqft lot

---

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 +21.5/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +4.7/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks

Step inside this charming, updated brick house on a large corner lot with a fenced in yard. This property seamlessly blends old-world character with contemporary improvements! Highlights & Renovations: One-car garage and ample yard area. Brand-new flooring, wall texture, paint, and trim throughout. The open-plan kitchen seamlessly connects to the living room, highlighted by new wooden column beams. Includes all-new appliances. The primary bathroom features a custom-tiled shower, while the guest bathroom boasts a custom-tiled tub/shower combination. New lighting fixtures have been installed throughout the house. The master suite has its own private bathroom. Laundry room for your conv

Key facts

• Open-plan kitchen
• Updated brick house
• One-car garage

Tags

• UPDATED BRICK HOUSE
• LARGE CORNER LOT
• FENCED IN YARD
• ONE-CAR GARAGE
• AMPLE YARD AREA
• OPEN-PLAN KITCHEN

Property features AI

Finance

• Other: Homestead not indicated
• Financial info: Loan qualifying available; Not assumable
• HOA & community: No mandatory association dues

Exterior

• Parking: Detached or attached garage with space for 1 car
• Home design: Single family residence; One-story; Existing property
• Construction: Frame construction; Composition roof; Slab foundation
• Exterior features: Covered patio; Covered porch; Corner lot

Interior

• Bedrooms: Three bedrooms
• Bathrooms: Two full bathrooms
• Heating & cooling: Electric heating
• Interior features: One living area; No fireplace; No study

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $187 ($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 $120k (3.5% below list).
• Recommended offer: $110k (12.0% 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: 52 active listings in the ZIP.

Forward outlook

• In year one you build about $13k of equity ($861 loan paydown + $12k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 182 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 2 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 $53k; list at $124k implies a 135% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 182 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 1953 — 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: 0.97% ✗
• Cap rate: 8.10%
• Cash-on-cash: 6.44%
• DSCR: 1.29
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $81,592
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
415 N Hitchcock St	0.15mi	3/1.0	1,372 (+4%)	6mo	$5,000	$4	77
512 N Randlett St	0.08mi	3/1.0	1,248 (-5%)	11mo	$115,000	$92	75
613 N Broadway	0.21mi	3/2.0	1,407 (+7%)	6mo	$115,000	$82	74
325 W Dogwood St	0.15mi	2/1.0 (-1)	1,246 (-5%)	9mo	$73,000	$59	68
329 N Bailey St	0.24mi	3/2.0	1,132 (-14%)	4mo	$70,000	$62	62
215 N Washington	0.40mi	3/2.0	1,416 (+8%)	9mo	$139,500	$99	61
200 S Pueblo Ave	0.58mi	3/2.0	1,232 (-6%)	19mo	$100,000	$81	46
400 N Stephens St	0.25mi	2/1.5 (-1)	1,123 (-15%)	13mo	$109,500	$98	46
229 S Hill St	0.58mi	2/1.0 (-1)	1,254 (-5%)	15mo	$45,000	$36	44
118 S Hitchcock St	0.46mi	3/1.0	1,456 (+11%)	20mo	$11,666	$8	40
416 S Hill St	0.73mi	2/1.0 (-1)	1,188 (-10%)	20mo	$16,666	$14	24

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: 28.9%
• Equity multiple: 3.29×
• Total profit: $79,684
• Equity at exit: $112,159

10-year hold

• IRR: 25.1%
• Equity multiple: 7.46×
• Total profit: $225,198
• Equity at exit: $241,876

Cash invested: $34,860 (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: 52
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,202 medium
• Mortgage (P&I): −$653
• Tax from tax record: −$58 /mo · $690/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $187

Break-even live

Break-even rent $965

Max offer price $124,500

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: $31,125
• Closing costs: $3,735
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-04-15
   status Pending
2. 2026-03-27
   price $124,500
3. 2026-03-03
   price $127,000
4. 2026-01-04
   status Active
5. 2025-12-23
   historical
6. 2025-10-02
   listed $127,500 Active
7. 2025-07-03
   soldstatus $53,000
8. 2007-01-23
   soldstatus $40,000

ⓘ 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: $690 · $58/mo
• Projected year-2 tax: $1,120 · $93/mo
• Expected delta: +$430/yr (+$36/mo · 62.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $14,422
• − Mortgage interest: −$6,974
• − Property taxes: −$690
• − Insurance: −$622
• − Repairs & maintenance: −$1,154
• − Management: −$1,154
• − Depreciation: −$3,622
• Taxable income: $206
• Est. tax owed @ 24.0%: −$49
• After-tax cash flow: $2,196/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

+211.2% since first listed

8 events — show timeline

• 2026-04-15 Pending — MLSOK
• 2026-03-27 Price Changed $124,500 MLSOK
• 2026-03-03 Price Changed $127,000 MLSOK
• 2026-01-04 Relisted — MLSOK
• 2025-12-23 Listing Removed — MLSOK
• 2025-10-02 Listed $127,500 MLSOK
• 2025-07-03 Sold (Public Records) $53,000 Public Records
• 2007-01-23 Sold (Public Records) $40,000 Public Records

Property tax history

+7.2%/yr

Latest (2025): $690 · +0.4% YoY. Source: county tax records.