233 W 3rd · Atoka, OK 74525

$85,000

3 bd · 1.0 ba · 1,866 sqft · SingleFamily public records · 189 Days on market

Built 1910 9,400 sqft lot Est $166k · 49% 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 +8.3/10.0
• Appreciation +6.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.3/5.0
• Schools +1.9/10.0

Listing remarks

Charming Home in the Heart of Atoka Welcome to 233 W 3rd Street in Atoka, Oklahoma — a warm and inviting property located just moments from downtown. This home offers the perfect blend of small-town charm and everyday convenience, making it ideal for anyone seeking comfort, simplicity, and community. Situated in a quiet neighborhood, this property provides easy access to local shops, dining, schools, and the historic districts that make Atoka such a special place to live. Whether you're looking for your first home, an investment opportunity, or a peaceful place to settle, this location offers wonderful potential. There is a pecan tree in the front yard and the bricks that make up t

Key facts

• Spacious yard
• Flexible layout
• Quiet neighborhood

Tags

• QUIET NEIGHBORHOOD
• EASY ACCESS TO LOCAL SHOPS
• SPACIOUS YARD
• FLEXIBLE LAYOUT
• WELL-LOCATED PROPERTY

Property features AI

Exterior

• Security: No safety shelter
• Utilities: Public water; Public sewer
• Home design: Single-story; Faces east
• Exterior features: Enclosed porch; Porch

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating
• Interior features: High ceilings; Other interior features

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $395 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 46/100 on livability (#698 in OK) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Atoka (rural): math 19% / reading 27% proficiency, ranked #154 of 270 in OK (top 57%) — 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: 57 active listings in the ZIP.

Forward outlook

• In year one you build about $3k of equity ($588 loan paydown + $2k appreciation (2.4% local appreciation)).
• Atoka County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.4% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 189 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1910 — 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 $74,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 189 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 1910 — 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. 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: 1.33% ✓
• Cap rate: 11.87%
• Cash-on-cash: 19.93%
• DSCR: 1.89
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $166,074
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
170 E 2nd	0.23mi	3/2.0	2,052 (+10%)	13mo	$166,500	$81	58
687 W 6th	0.47mi	3/2.0	1,929 (+3%)	13mo	$283,000	$147	58
377 W 1st	0.18mi	4/2.5 (+1)	2,139 (+15%)	12mo	$189,900	$89	46
348 W Maple Ln	0.59mi	3/2.0	1,642 (-12%)	4mo	$135,000	$82	45

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

Projected returns pro-forma

2.43% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.0%
• Equity multiple: 2.38×
• Total profit: $32,826
• Equity at exit: $35,509

10-year hold

• IRR: 26.3%
• Equity multiple: 4.56×
• Total profit: $84,791
• Equity at exit: $52,703

Cash invested: $23,800 (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 74525

• Home prices YoY: 1.1%
• Active inventory: 57
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,135 medium
• Mortgage (P&I): −$446
• Tax from tax record: −$20 /mo · $240/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $395

Break-even live

Break-even rent $634

Max offer price $85,000

Occupancy floor 60%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $85,000 Active 189 DOM
2. 2026-06-17
   days on market $85,000 Active 188 DOM
3. 2026-06-16
   days on market $85,000 Active 187 DOM
4. 2026-06-15
   days on market $85,000 Active 186 DOM
5. 2026-06-13
   days on market $85,000 Active 184 DOM
6. 2026-06-12
   days on market $85,000 Active 183 DOM
7. 2026-06-09
   days on market $85,000 Active 180 DOM
8. 2026-06-08
   days on market $85,000 Active 179 DOM
9. 2026-06-08
   days on market $85,000 Active 178 DOM
10. 2026-06-05
    days on market $85,000 Active 176 DOM
11. 2026-06-04
    days on market $85,000 Active 174 DOM
12. 2026-06-02
    days on market $85,000 Active 173 DOM
13. 2026-06-01
    days on market $85,000 Active 172 DOM
14. 2026-05-31
    days on market $85,000 Active 171 DOM
15. 2025-12-10
    listed $85,000 Active

ⓘ 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: $240 · $20/mo
• Projected year-2 tax: $765 · $64/mo
• Expected delta: +$525/yr (+$44/mo · 218.7%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥113°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,616
• − Mortgage interest: −$4,761
• − Property taxes: −$240
• − Insurance: −$425
• − Repairs & maintenance: −$1,089
• − Management: −$1,089
• − Depreciation: −$2,473
• Taxable income: $3,538
• Est. tax owed @ 24.0%: −$849
• After-tax cash flow: $3,893/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: Atoka
• NCES district ID: 4003360
• Math proficiency: 19% ▼ -15.00%
• Reading proficiency: 27% ▼ -8.00%
• Median HH income: $31,534
• Composite: 18.61/100
• National rank: #8901
• State rank: #154 of 270 in OK

Livability — Atoka

• Score: 46/100
• State rank: #698
• US rank: #26475

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atoka, OK
• Population (ZIP): 10,420

Population outlook (Atoka County) Hauer SSP2

• Today (2025): 13,004 people
• By 2030: 12,522 · -3.7%
• By 2040: 11,595 · -10.8%
• By 2050: 10,709 · -17.6%
• By 2075: 8,957 · -31.1%
• By 2100: 7,452 · -42.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 66% Two or more races 18% Native American 9% Hispanic / Latino 5% Black 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 1% European 1% Slovak 1%
• Foreign-born: 2% · Philippines, Canada
• Languages at home: 95% English-only · Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Atoka

• 2024 margin: Solid R (+71.6) · D 13.8% · R 85.3%
• 2008→2024 swing: -27.7pp toward R · 2008: -43.9pp · 2024: -71.6pp
• All cycles: 2024: R+71.6 2020: R+70.4 2016: R+65.4 2012: R+48.0 2008: R+43.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.43%
• Current HPI: 213.5144
• 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

1 event — show timeline

• 2025-12-10 Listed $85,000 MLS Technology, Inc.

Property tax history

-1.4%/yr

Latest (2025): $240 · +4.8% YoY. Source: county tax records.