1020 S 14th St · Chickasha, OK 73018

$110,000

2 bd · 1.0 ba · 1,063 sqft · SingleFamily public records · 91 Days on market

Built 1948 7,405 sqft lot Est $96k · 15% over

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Why this score? — see what drove the D+ 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 +24.1/30.0
• DSCR +7.8/10.0
• 1% rule +5.8/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +0.8/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

An amazing little home nestled in the Chickasha area. Take a look at this newly remodeled home in Chickasha. The home would be a great fit for a first-time homebuyer starting out or even a great addition to your rental portfolio being within driving distance of USAO. The home consists of new class IV impact resistant shingles, new plumbing to the main, new hot water tank (electric), new hvac (electric), updated electrical, and remodeled bathroom and kitchen. All the news with a little bit of character saved by keeping original hardwoods. Owing entity is owned and operated by licensed realtor.

Key facts

• Hvac
• Fully electric setup
• New hot water heater

Tags

• MODERN ELECTRIC SYSTEMS
• UPDATED PLUMBING
• NEW HOT WATER HEATER
• HVAC
• IMPACT-RESISTANT SHINGLES
• FULLY ELECTRIC SETUP

Property features AI

Finance

• Other: Vacant and available; No conditions affecting sale; Historical designation: no
• Financial info: Loan qualification available
• HOA & community: No mandatory association dues

Exterior

• Parking: 1-car garage
• Utilities: Homestead exempt (yes)
• Home design: Single family residence; One-story; Faces east; Residential property; Existing property
• Construction: Vinyl siding; Composition roof (re-roofed 2024)
• Exterior features: Porch; Exterior storage; Corner lot

Interior

• Kitchen: Electric range; Electric oven
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating
• Interior features: One living area; One dining area; Free standing fireplace
• Laundry & utility: Conventional foundation

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $100k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.8% in Chickasha — 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 66/100 on livability (#117 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Chickasha (town): math 23% / reading 27% proficiency, ranked #115 of 270 in OK (top 43%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Chickasha Hs (math 12% / reading 27%, grade F, #296 of 447 statewide, top 67%, 749 students, 0% FRL) — zoned schools average 0% FRL vs 64% district-wide (64 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 203 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 224 units permitted in Grady County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Grady County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate 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 $100,100 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.08% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.48%
• DSCR: 1.38
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $95,670
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1020 S 14th St	0.00mi	2/1.0	1,063 (0%)	0mo	$96,000	$90	100
726 S 15th St	0.20mi	2/1.0	1,064 (+0%)	1mo	$31,000	$29	90
1005 S 17th St	0.19mi	2/1.0	1,092 (+3%)	5mo	$68,000	$62	83
319 S 9th St	0.66mi	2/1.0	1,060 (-0%)	2mo	$65,000	$61	67
1127 S 10th St	0.33mi	2/1.5	1,162 (+9%)	2mo	$105,000	$90	66
926 S 9th St	0.38mi	3/1.5 (+1)	1,122 (+6%)	4mo	$115,000	$102	63
1619 W Iowa Ave	0.51mi	2/1.0	1,156 (+9%)	0mo	$60,000	$52	61
1814 S 20th St	0.73mi	3/1.0 (+1)	1,100 (+4%)	5mo	$102,000	$93	51
1219 W Colorado Ave	0.57mi	3/1.5 (+1)	1,144 (+8%)	4mo	$65,500	$57	50
709 W Alabama Ave	0.70mi	3/2.0 (+1)	1,118 (+5%)	1mo	$125,000	$112	49
1512 W Iowa Ave	0.52mi	2/1.0	1,212 (+14%)	5mo	$91,500	$75	48
1603 S 7th St	0.70mi	2/1.0	950 (-11%)	3mo	$95,000	$100	47

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-3,975
• Equity at exit: $16,401

10-year hold

• IRR: 6.2%
• Equity multiple: 1.47×
• Total profit: $14,356
• Equity at exit: $9,511

Cash invested: $30,800 (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 73018

• Home prices YoY: -21.1%
• Active inventory: 203
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,188 high
• Mortgage (P&I): −$577
• Tax from tax record: −$98 /mo · $1,178/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $218

Break-even live

Break-even rent $912

Max offer price $110,000

Occupancy floor 77%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1008 S 14th St Chickasha, OK	3.0	2.0	1485	$1,395	$0.94	1d	1	0.05mi
1024 S 13th St Chickasha, OK	2.0	2.0	1265	$925	$0.73	10d	1	0.09mi
1223 W Colorado Ave Chickasha, OK	2.0	2.0	864	$1,275	$1.48	1d	1	0.60mi
509 W Oregon Ave Chickasha, OK	2.0	2.0	900	$1,200	$1.33	1d	1	0.73mi
519 W Minnesota Ave Chickasha, OK	2.0	2.0	1100	$1,250	$1.14	1d	1	0.81mi
607 W Wisconsin Ave Chickasha, OK	3.0	2.0	1270	$1,395	$1.10	10d	1	0.86mi
2220 W Utah Ave Unit 2220 Chickasha, OK	2.0	1.0	910	$1,055	$1.16	1d	1	0.90mi
2226 W Utah Ave Chickasha, OK	2.0	1.0	1000	$1,055	$1.05	14d	1	0.92mi
816 S 2nd St Chickasha, OK	3.0	2.0	1047	$1,100	$1.05	1d	1	0.96mi
810 W Illinois Ave Chickasha, OK	2.0	2.0	1100	$1,250	$1.14	3d	1	1.13mi
810 W Illinois Ave Chickasha, OK	2.0	2.0	1100	$1,250	$1.14	23d	1	1.13mi
1315 S Sheppard St Chickasha, OK	2.0	2.0	864	$1,250	$1.45	3d	1	1.16mi

Listing history 14 events

1. 2026-05-06
   status Pending
2. 2026-04-06
   price $110,000
3. 2026-02-10
   status Active
4. 2026-01-21
   status Pending
5. 2026-01-16
   listed $115,000 Active
6. 2024-05-08
   soldstatus $105,000
7. 2024-05-02
   soldstatus $104,900 Closed 600-char remark

   Show marketing remark (600 chars)

   An amazing little home nestled in the Chickasha area. Take a look at this newly remodeled home in Chickasha. The home would be a great fit for a first-time homebuyer starting out or even a great addition to your rental portfolio being within driving distance of USAO. The home consists of new class IV impact resistant shingles, new plumbing to the main, new hot water tank (electric), new hvac (electric), updated electrical, and remodeled bathroom and kitchen. All the news with a little bit of character saved by keeping original hardwoods. Owing entity is owned and operated by licensed realtor.

8. 2024-04-08
   status Pending 600-char remark

   Show marketing remark (600 chars)

   An amazing little home nestled in the Chickasha area. Take a look at this newly remodeled home in Chickasha. The home would be a great fit for a first-time homebuyer starting out or even a great addition to your rental portfolio being within driving distance of USAO. The home consists of new class IV impact resistant shingles, new plumbing to the main, new hot water tank (electric), new hvac (electric), updated electrical, and remodeled bathroom and kitchen. All the news with a little bit of character saved by keeping original hardwoods. Owing entity is owned and operated by licensed realtor.

9. 2024-04-01
   listed $104,900 Active 600-char remark

   Show marketing remark (600 chars)

   An amazing little home nestled in the Chickasha area. Take a look at this newly remodeled home in Chickasha. The home would be a great fit for a first-time homebuyer starting out or even a great addition to your rental portfolio being within driving distance of USAO. The home consists of new class IV impact resistant shingles, new plumbing to the main, new hot water tank (electric), new hvac (electric), updated electrical, and remodeled bathroom and kitchen. All the news with a little bit of character saved by keeping original hardwoods. Owing entity is owned and operated by licensed realtor.

10. 2022-09-27
    soldstatus $27,000 Closed 109-char remark

    Show marketing remark (109 chars)

    Investor's Special! This home is priced to sell and ready to be finished. 2 bedroom, 1 bath with a carport.

11. 2022-09-20
    status Pending 109-char remark

    Show marketing remark (109 chars)

    Investor's Special! This home is priced to sell and ready to be finished. 2 bedroom, 1 bath with a carport.

12. 2022-08-24
    status Pending 109-char remark

    Show marketing remark (109 chars)

    Investor's Special! This home is priced to sell and ready to be finished. 2 bedroom, 1 bath with a carport.

13. 2022-08-20
    price $34,000 109-char remark

    Show marketing remark (109 chars)

    Investor's Special! This home is priced to sell and ready to be finished. 2 bedroom, 1 bath with a carport.

14. 2022-05-24
    listed $35,000 Active 109-char remark

    Show marketing remark (109 chars)

    Investor's Special! This home is priced to sell and ready to be finished. 2 bedroom, 1 bath with a carport.

ⓘ 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: $1,178 · $98/mo
• Projected year-2 tax: $1,178 · $98/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $14,254
• − Mortgage interest: −$6,162
• − Property taxes: −$1,178
• − Insurance: −$550
• − Repairs & maintenance: −$1,140
• − Management: −$1,140
• − Depreciation: −$3,200
• Taxable income: $884
• Est. tax owed @ 24.0%: −$212
• After-tax cash flow: $2,399/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: Chickasha
• NCES district ID: 4007560
• Math proficiency: 23% ▼ -11.00%
• Reading proficiency: 27% ▼ -8.00%
• Median HH income: $38,561
• Composite: 20.95/100
• National rank: #8476
• State rank: #115 of 270 in OK

Livability — Chickasha

• Score: 66/100
• State rank: #117
• US rank: #11902

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasha, OK
• County: Grady County · 20,505 people
• City population: 20,505
• Metro: Oklahoma City, OK
• Population (ZIP): 20,505
• Household income: $56,484
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 685.0

Population outlook (Grady County) Hauer SSP2

• Today (2025): 59,962 people
• By 2030: 62,513 · +4.3%
• By 2040: 67,338 · +12.3%
• By 2050: 71,719 · +19.6%
• By 2075: 82,684 · +37.9%
• By 2100: 89,387 · +49.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Two or more races 11% Hispanic / Latino 9% Black 5% Native American 5%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Iranian 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Grady

• 2024 margin: Solid R (+62.7) · D 17.9% · R 80.6% · Other 1.5%
• 2008→2024 swing: -16.0pp toward R · 2008: -46.7pp · 2024: -62.7pp
• All cycles: 2024: R+62.7 2020: R+62.3 2016: R+60.3 2012: R+51.2 2008: R+46.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.82%
• Current HPI: 249.6051
• Rent YoY: —
• Metro: Oklahoma City, 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

+214.3% since first listed

14 events — show timeline

• 2026-05-06 Pending — MLSOK
• 2026-04-06 Price Changed $110,000 MLSOK
• 2026-02-10 Relisted — MLSOK
• 2026-01-21 Pending — MLSOK
• 2026-01-16 Listed $115,000 MLSOK
• 2024-05-08 Sold (Public Records) $105,000 Public Records
• 2024-05-02 Sold (MLS) $104,900 MLSOK
• 2024-04-08 Pending — MLSOK
• 2024-04-01 Listed $104,900 MLSOK
• 2022-09-27 Sold (MLS) $27,000 MLSOK
• 2022-09-20 Pending — MLSOK
• 2022-08-24 Pending — MLSOK
• 2022-08-20 Price Changed $34,000 MLSOK
• 2022-05-24 Listed $35,000 MLSOK

Property tax history

+13.5%/yr

Latest (2025): $1,178 · +151.7% YoY. Source: county tax records.