4619 SW I Ave · Lawton, OK 73505

$115,000

3 bd · 2.0 ba · 1,317 sqft · SingleFamily public records · 43 Days on market

Built 1969 0.25 ac lot Est $136k · 15% 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 +26.3/30.0
• ARV discount +14.4/15.0
• DSCR +8.9/10.0
• 1% rule +6.0/10.0
• Rent growth +3.8/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment property. Currently rented, the tenant wants to remain in the home. 3 bedrooms, extra living area w/ built-in in the garage. Call listing agent, Brenda Spencer-Ragland, 580-512-0591 for an appointment to see the home, it is an As-Is listing, the owner will do no repairs.

Key facts

• Exterior paint
• Newer roof
• Two living areas

Tags

• GLASS FRONT CABINETS
• DEDICATED LAUNDRY ROOM
• TWO LIVING AREAS
• NEWER ROOF
• EXTERIOR PAINT

Property features AI

Exterior

• Parking: No garage (converted garage)
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single family residence; One story; Residential property
• Construction: Brick veneer construction; Composition roof; Slab foundation; Built on 0.25 acre lot
• Exterior features: Chain link fence; City street frontage; Publicly maintained road

Interior

• Kitchen: Refrigerator; Oven; Gas water heater
• Flooring: Ceramic tile; Carpet
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Central heating (natural gas); Central electric air conditioning
• Interior features: Window coverings; No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $298 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 6.1% in Lawton — 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 63/100 on livability (#206 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, commute F.
• Lawton (urban): math 20% / reading 26% proficiency, ranked #137 of 270 in OK (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Almor West Es (math 32% / reading 22%, grade F, #311 of 845 statewide, top 40%, 261 students, 0% FRL); Eisenhower Ms (math 20% / reading 30%, grade F, #90 of 345 statewide, top 27%, 1,035 students, 0% FRL); Eisenhower Hs (math 19% / reading 29%, grade F, #215 of 447 statewide, top 48%, 1,350 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+5.1%/yr); 398 active listings in the ZIP; 133 units permitted in Comanche County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Comanche County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.1% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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 $44k; list at $115k implies a 161% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major 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 $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 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 1969 — 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 D-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. 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?
6. 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.
7. 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.
8. 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: 9.41%
• Cash-on-cash: 11.12%
• DSCR: 1.49
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $135,651
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4634 SW J Ave	0.11mi	3/1.5	1,300 (-1%)	9mo	$131,500	$101	84
4536 SW Atom Ave	0.46mi	3/2.0	1,300 (-1%)	0mo	$70,000	$54	76
4703 SW K Cir	0.19mi	3/1.5	1,400 (+6%)	5mo	$154,000	$110	74
4508 SW Cherokee Ave	0.45mi	3/1.5	1,300 (-1%)	4mo	$127,000	$98	72
706 SW 49th St	0.15mi	3/1.5	1,200 (-9%)	6mo	$25,000	$21	71
4627 SW Atom Ave	0.40mi	3/2.0	1,400 (+6%)	1mo	$152,500	$109	70
1114 SW 45th St	0.32mi	3/1.5	1,200 (-9%)	7mo	$69,500	$58	62
4629 SW Atom Ave	0.40mi	3/1.0	1,200 (-9%)	1mo	$124,000	$103	62
308 SW 52nd	0.47mi	3/2.0	1,450 (+10%)	8mo	$133,500	$92	55
7 SW 49th St	0.64mi	3/2.0	1,200 (-9%)	6mo	$154,500	$129	50
306 SW 52nd St	0.48mi	3/2.0	1,500 (+14%)	8mo	$156,000	$104	47
4133 SW Parkridge Blvd	0.72mi	3/2.0	1,500 (+14%)	1mo	$217,000	$145	43

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 · 5.14% rent growth · sell at horizon

5-year hold

• IRR: 2.5%
• Equity multiple: 1.10×
• Total profit: $3,109
• Equity at exit: $17,147

10-year hold

• IRR: 13.8%
• Equity multiple: 2.21×
• Total profit: $38,944
• Equity at exit: $9,943

Cash invested: $32,200 (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 73505

• Rents YoY: 5.1%
• Active inventory: 398
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,265 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$50 /mo · $601/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $298

Break-even live

Break-even rent $887

Max offer price $115,000

Occupancy floor 71%

Sensitivity live

Price	-10% $363	-5% $331	+0% $298	+5% $266	+10% $233
Rent	-10% $198	-5% $248	+0% $298	+5% $348	+10% $398
Rate	-1.0pp $356	-0.5pp $328	base $298	+0.5pp $269	+1.0pp $238

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-19
   days on market $115,000 Active 43 DOM
2. 2026-06-18
   days on market $115,000 Active 42 DOM
3. 2026-06-17
   days on market $115,000 Active 41 DOM
4. 2026-06-16
   days on market $115,000 Active 40 DOM
5. 2026-06-15
   days on market $115,000 Active 39 DOM
6. 2026-06-14
   days on market $115,000 Active 37 DOM
7. 2026-06-13
   days on market $115,000 Active 36 DOM
8. 2026-06-10
   days on market $115,000 Active 34 DOM
9. 2026-06-09
   days on market $115,000 Active 33 DOM
10. 2026-06-08
    days on market $115,000 Active 32 DOM
11. 2026-06-07
    days on market $115,000 Active 31 DOM
12. 2026-06-05
    days on market $115,000 Active 28 DOM
13. 2026-06-03
    days on market $115,000 Active 27 DOM
14. 2026-06-02
    days on market $115,000 Active 26 DOM
15. 2026-06-01
    days on market $115,000 Active 25 DOM
16. 2026-05-31
    days on market $115,000 Active 24 DOM
17. 2026-05-30
    days on market $115,000 Active 23 DOM
18. 2026-05-04
    listed $115,000 Active
19. 2024-03-11
    historical Active Under Contract
20. 2024-02-20
    price $100,000
21. 2024-02-02
    price $110,000
22. 2024-01-16
    listed $115,000 Active
23. 2021-12-02
    soldstatus $44,000 288-char remark

    Show marketing remark (288 chars)

    Great investment property. Currently rented, the tenant wants to remain in the home. 3 bedrooms, extra living area w/ built-in in the garage. Call listing agent, Brenda Spencer-Ragland, 580-512-0591 for an appointment to see the home, it is an As-Is listing, the owner will do no repairs.

24. 2021-10-08
    listed $45,000 288-char remark

    Show marketing remark (288 chars)

    Great investment property. Currently rented, the tenant wants to remain in the home. 3 bedrooms, extra living area w/ built-in in the garage. Call listing agent, Brenda Spencer-Ragland, 580-512-0591 for an appointment to see the home, it is an As-Is listing, the owner will do no repairs.

25. 2004-05-14
    soldstatus $55,000

ⓘ 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: $601 · $50/mo
• Projected year-2 tax: $1,035 · $86/mo
• Expected delta: +$434/yr (+$36/mo · 72.2%)

ⓘ 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 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,181
• − Mortgage interest: −$6,442
• − Property taxes: −$601
• − Insurance: −$575
• − Repairs & maintenance: −$1,214
• − Management: −$1,214
• − Depreciation: −$3,345
• Taxable income: $1,789
• Est. tax owed @ 24.0%: −$429
• After-tax cash flow: $3,151/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: Lawton
• NCES district ID: 4017250
• Math proficiency: 20% ▼ -12.00%
• Reading proficiency: 26% ▼ -9.00%
• Median HH income: $42,618
• Composite: 19.68/100
• National rank: #8732
• State rank: #137 of 270 in OK

Livability — Lawton

• Score: 63/100
• State rank: #206
• US rank: #15131

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lawton, OK
• County: Comanche County · 96,361 people
• City population: 89,233
• Metro: Lawton, OK
• Population (ZIP): 47,790
• Household income: $58,272
• Rent vs Own: 48.2% rent · 51.8% own
• Severe rent burden: 1986.0

Population outlook (Comanche County) Hauer SSP2

• Today (2025): 124,518 people
• By 2030: 124,231 · -0.2%
• By 2040: 122,193 · -1.9%
• By 2050: 120,368 · -3.3%
• By 2075: 120,492 · -3.2%
• By 2100: 123,113 · -1.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 50% Black 17% Two or more races 16% Hispanic / Latino 16% Native American 4% Asian 3%
• Hispanic origin (detail): Mexican 11% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 1%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 6% German/W. Germanic 2% Korean 1%

Political lean MEDSL · Comanche

• 2024 margin: Strong R (+23.3) · D 37.4% · R 60.7% · Other 1.9%
• 2008→2024 swing: -5.8pp toward R · 2008: -17.5pp · 2024: -23.3pp
• All cycles: 2024: R+23.3 2020: R+20.1 2016: R+23.7 2012: R+17.0 2008: R+17.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -134.88%
• Current HPI: 169.4524
• Rent YoY: ▲ 5.14%
• Metro: Lawton, 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

+109.1% since first listed

8 events — show timeline

• 2026-05-04 Listed $115,000 LBRMLS
• 2024-03-11 Contingent — LBRMLS
• 2024-02-20 Price Changed $100,000 LBRMLS
• 2024-02-02 Price Changed $110,000 LBRMLS
• 2024-01-16 Listed $115,000 LBRMLS
• 2021-12-02 Sold (MLS) $44,000 LBRMLS
• 2021-10-08 Listed $45,000 LBRMLS
• 2004-05-14 Sold (Public Records) $55,000 Public Records

Property tax history

-1.0%/yr

Latest (2025): $601 · +4.7% YoY. Source: county tax records.