1338 Roosevelt St · Seminole, OK 74868

$115,000

3 bd · 1.0 ba · 1,613 sqft · SingleFamily public records · 215 Days on market

Built 1944 7,000 sqft lot Est $184k · 37% 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 +24.8/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +8.1/10.0
• 1% rule +5.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0

Listing remarks MLS

Multiple offers! Submit highest/best offer by Friday, Oct.22 5pm and Seller will respond by Sunday, Oct. 24. Check out this 3 bedroom, 2 bathroom home with large rooms and lovely floorplan. Enjoy pleasant days on the covered front porch and spacious backyard. Nice size living room opens up to the oversized dining area, both with big windows. Bedrooms are huge! Two of the bedrooms are located just off the main bathroom. Oversized owner's bedroom has its own bathroom and access to the backyard. Kitchen adjoins the inside laundry area with another access to the backyard. Long concrete driveway includes a pad that previously had a detached garage. Pad is still there if you wanted to add a carport or garage. With a little TLC, some updating and creative decor this would make a wonderful first home, fixer upper, investment property or your next home sweet home!

Key facts

• 7,000 sq ft lot
• Built 1944
• Listed 215 days

Property features AI

Finance

• Other: Leased (occupied); Living area reported as 1,613 (assessor); Property listed as active
• Financial info: Loan qualification possible; Assumable loan: No
• HOA & community: No mandatory association dues

Exterior

• Utilities: No flood insurance indicated
• Home design: Single family residence; One-level property; Residential property; Located in Berl Dodd addition
• Construction: Frame construction; Composition roof; Conventional foundation; Built (existing)
• Exterior features: Interior lot; No storm shelter

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central gas heating
• Interior features: No fireplace; No in-law plan

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/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: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.8% in Seminole — 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 (#222 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: crime D+, amenities F, commute F.
• Seminole (town): math 17% / reading 21% proficiency, ranked #193 of 270 in OK (top 72%) — 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: Wilson Es (math 27% / reading 22%, grade F, #354 of 845 statewide, top 47%, 499 students, 0% FRL); Northwood Es (math 19% / reading 21%, grade F, #158 of 345 statewide, top 47%, 301 students, 0% FRL); Seminole Hs (math 17% / reading 27%, grade F, #222 of 447 statewide, top 52%, 451 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: 136 active listings in the ZIP; 93 units permitted in Seminole County in 2024 (43 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($795 loan paydown + $12k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 215 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 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 $50k; list at $115k implies a 130% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 215 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 1944 — 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: 1.04% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.10%
• DSCR: 1.41
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $183,882
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1618 Killingsworth Ave	0.42mi	3/2.5	1,586 (-2%)	11mo	$183,000	$115	62
824 Jefferson St	0.55mi	3/2.0	1,630 (+1%)	10mo	$50,000	$31	60
2511 Northwood Dr	0.51mi	3/2.0	1,616 (+0%)	16mo	$183,500	$114	58
1224 Coolidge St	0.15mi	3/2.0	1,772 (+10%)	18mo	$147,500	$83	58
1505 Foster Ave	0.53mi	3/2.0	1,557 (-4%)	12mo	$169,000	$109	55
1916 John St	0.40mi	3/2.0	1,717 (+6%)	15mo	$193,500	$113	54
812 Roosevelt St	0.46mi	4/2.0 (+1)	1,499 (-7%)	4mo	$192,900	$129	54
2401 Sheila Ln	0.56mi	3/2.0	1,699 (+5%)	13mo	$220,000	$129	50
901 Lincoln St	0.44mi	3/1.5	1,384 (-14%)	6mo	$120,000	$87	49
1714 Oakridge Dr	0.70mi	3/1.5	1,742 (+8%)	12mo	$97,000	$56	42
2007 N Milt Phillips Ave	0.53mi	3/2.5	1,843 (+14%)	11mo	$275,000	$149	37
2443 Whispering Oak Dr	0.56mi	3/2.5	1,784 (+11%)	17mo	$215,000	$121	36

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: 30.9%
• Equity multiple: 3.43×
• Total profit: $78,150
• Equity at exit: $103,601

10-year hold

• IRR: 26.7%
• Equity multiple: 7.76×
• Total profit: $217,817
• Equity at exit: $223,420

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 74868

• Home prices YoY: 6.4%
• Active inventory: 136
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,191 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$46 /mo · $546/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $244

Break-even live

Break-even rent $882

Max offer price $115,000

Occupancy floor 74%

Sensitivity live

Price	-10% $309	-5% $277	+0% $244	+5% $212	+10% $179
Rent	-10% $150	-5% $197	+0% $244	+5% $291	+10% $338
Rate	-1.0pp $302	-0.5pp $274	base $244	+0.5pp $215	+1.0pp $184

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 8 events

1. 2026-05-04
   status Pending
2. 2025-10-01
   listed $115,000 Active
3. 2021-12-03
   soldstatus $50,000
4. 2021-11-29
   soldstatus $50,000 Sold 867-char remark

   Show marketing remark (867 chars)

   Multiple offers! Submit highest/best offer by Friday, Oct.22 5pm and Seller will respond by Sunday, Oct. 24. Check out this 3 bedroom, 2 bathroom home with large rooms and lovely floorplan. Enjoy pleasant days on the covered front porch and spacious backyard. Nice size living room opens up to the oversized dining area, both with big windows. Bedrooms are huge! Two of the bedrooms are located just off the main bathroom. Oversized owner's bedroom has its own bathroom and access to the backyard. Kitchen adjoins the inside laundry area with another access to the backyard. Long concrete driveway includes a pad that previously had a detached garage. Pad is still there if you wanted to add a carport or garage. With a little TLC, some updating and creative decor this would make a wonderful first home, fixer upper, investment property or your next home sweet home!

5. 2021-10-25
   status Pending 867-char remark

   Show marketing remark (867 chars)

   Multiple offers! Submit highest/best offer by Friday, Oct.22 5pm and Seller will respond by Sunday, Oct. 24. Check out this 3 bedroom, 2 bathroom home with large rooms and lovely floorplan. Enjoy pleasant days on the covered front porch and spacious backyard. Nice size living room opens up to the oversized dining area, both with big windows. Bedrooms are huge! Two of the bedrooms are located just off the main bathroom. Oversized owner's bedroom has its own bathroom and access to the backyard. Kitchen adjoins the inside laundry area with another access to the backyard. Long concrete driveway includes a pad that previously had a detached garage. Pad is still there if you wanted to add a carport or garage. With a little TLC, some updating and creative decor this would make a wonderful first home, fixer upper, investment property or your next home sweet home!

6. 2021-10-19
   listed $49,900 Active 867-char remark

   Show marketing remark (867 chars)

   Multiple offers! Submit highest/best offer by Friday, Oct.22 5pm and Seller will respond by Sunday, Oct. 24. Check out this 3 bedroom, 2 bathroom home with large rooms and lovely floorplan. Enjoy pleasant days on the covered front porch and spacious backyard. Nice size living room opens up to the oversized dining area, both with big windows. Bedrooms are huge! Two of the bedrooms are located just off the main bathroom. Oversized owner's bedroom has its own bathroom and access to the backyard. Kitchen adjoins the inside laundry area with another access to the backyard. Long concrete driveway includes a pad that previously had a detached garage. Pad is still there if you wanted to add a carport or garage. With a little TLC, some updating and creative decor this would make a wonderful first home, fixer upper, investment property or your next home sweet home!

7. 2007-07-26
   soldstatus $40,000
8. 1994-03-07
   soldstatus $30,000

ⓘ 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: $546 · $46/mo
• Projected year-2 tax: $1,035 · $86/mo
• Expected delta: +$489/yr (+$41/mo · 89.6%)

ⓘ 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 9/10 Extreme
• 🌡 Heat 5/10 Major 7 d/yr ≥111°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% 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: $14,291
• − Mortgage interest: −$6,442
• − Property taxes: −$546
• − Insurance: −$575
• − Repairs & maintenance: −$1,143
• − Management: −$1,143
• − Depreciation: −$3,345
• Taxable income: $1,096
• Est. tax owed @ 24.0%: −$263
• After-tax cash flow: $2,669/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: Seminole
• NCES district ID: 4027300
• Math proficiency: 17% ▼ -10.00%
• Reading proficiency: 21% ▼ -5.00%
• Median HH income: $33,661
• Composite: 15.51/100
• National rank: #9304
• State rank: #193 of 270 in OK

Livability — Seminole

• Score: 63/100
• State rank: #222
• US rank: #15706

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Seminole, OK
• Population (ZIP): 12,451

Population outlook (Seminole County) Hauer SSP2

• Today (2025): 25,628 people
• By 2030: 25,617 · +-0.0%
• By 2040: 25,619 · +-0.0%
• By 2050: 25,726 · +0.4%
• By 2075: 26,261 · +2.5%
• By 2100: 25,844 · +0.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 65% Native American 19% Two or more races 10% Hispanic / Latino 5% Black 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Iranian 1% Italian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Seminole

• 2024 margin: Solid R (+49.7) · D 24.2% · R 74.0% · Other 1.8%
• 2008→2024 swing: -19.1pp toward R · 2008: -30.6pp · 2024: -49.7pp
• All cycles: 2024: R+49.7 2020: R+46.3 2016: R+44.1 2012: R+30.3 2008: R+30.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 15.39%
• Current HPI: 255.6657
• 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

+283.3% since first listed

8 events — show timeline

• 2026-05-04 Pending — MLSOK
• 2025-10-01 Listed $115,000 MLSOK
• 2021-12-03 Sold (Public Records) $50,000 Public Records
• 2021-11-29 Sold (MLS) $50,000 MLSOK
• 2021-10-25 Pending — MLSOK
• 2021-10-19 Listed $49,900 MLSOK
• 2007-07-26 Sold (Public Records) $40,000 Public Records
• 1994-03-07 Sold (Public Records) $30,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $546 · +6.6% YoY. Source: county tax records.