211 N Market St · New Cordell, OK 73632

$26,500

2 bd · 1.0 ba · 976 sqft · SingleFamily public records · 19 Days on market

Built 1926 4,874 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +3.3/10.0
• Schools +3.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

INVESTOR SPECIAL – PRICED TO SELL FAST! Opportunity awaits at 211 N Market St in Cordell, OK! This 2 bed, 1 bath home offers 976 MOL sq ft and is packed with potential for investors, landlords, flippers, or cash buyers looking for their next project. Built in 1926, this property features original wood flooring, public utilities, fiber internet availability, updated plumbing, and a newer roof already in place. Refrigerator and stove stay with the property. Located on a quiet street with easy access to local amenities, this property could make an excellent rental, starter home renovation, or affordable investment property. Window A/C units and electric heat currently in use. Storage bui

Key facts

• Newer roof
• Storage building
• Updated plumbing

Tags

• ORIGINAL WOOD FLOORING
• FIBER INTERNET AVAILABILITY
• UPDATED PLUMBING
• NEWER ROOF
• STORAGE BUILDING

Property features AI

Finance

• Other: Property listed as occupied; No home warranty; Directions: from Hwy 152 W/Main St in New Cordell, turn onto N Market St to 211 N Market St
• Financial info: Current price listed at $27,000
• HOA & community: No mandatory association dues

Exterior

• Utilities: Public utilities
• Home design: Single family residence; One story; Residential property; Existing property; Homesteaded
• Construction: Frame construction; Composition roof; Conventional foundation
• Exterior features: Covered porch; Outbuildings; Interior lot

Interior

• Kitchen: Free‑standing electric range and oven
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Other heating; Window unit air conditioning
• Interior features: One living area; No fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $26k.

Deal economics

• At list price, monthly cash flow is $521 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($866 rent vs $26k).
• Recommended offer: $26k (1.5% below list) — sets the bar for market timing.
• Cap rate 29.9% vs local median 6.6% in New Cordell — 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 60/100 on livability (#335 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: employment D+, amenities F, commute F.
• Cordell (town): math 37% / reading 33% proficiency, ranked #33 of 270 in OK (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Cordell Es (math 42% / reading 37%, grade F, #107 of 845 statewide, top 14%, 358 students, 0% FRL); Cordell Hs (math 24% / reading 44%, grade F, #48 of 447 statewide, top 14%, 104 students, 0% FRL) — zoned schools average 0% FRL vs 52% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 38 active listings in the ZIP; 1 units permitted in Washita County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $183 of loan paydown is wiped out by about $795 of value loss. Plan a longer hold.
• Washita County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $7k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $8k; list at $26k implies a 231% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $26,102 (1.5% below list)

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 3.27% ✓
• Cap rate: 29.90%
• Cash-on-cash: 84.32%
• DSCR: 4.75
• GRM: 2.5

CMA / ARV

• ARV (on-the-fly): $68,320
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 N College St	0.20mi	2/1.0	931 (-5%)	12mo	$58,800	$63	73
318 N College St	0.15mi	3/1.0 (+1)	988 (+1%)	18mo	$43,000	$44	71
801 E 1st St	0.41mi	2/1.0	1,020 (+4%)	4mo	$71,000	$70	70
206 W 7th St	0.43mi	2/1.0	892 (-9%)	22mo	$35,000	$39	48
307 N Symcox St	0.65mi	2/1.0	864 (-12%)	5mo	$80,000	$93	46
220 N Symcox St	0.61mi	3/2.0 (+1)	1,100 (+13%)	1mo	$95,000	$86	41
700 N Dena	0.57mi	2/1.0	1,080 (+11%)	21mo	$20,000	$19	38
119 Elaine Dr	0.64mi	3/1.5 (+1)	1,110 (+14%)	4mo	$113,500	$102	37
1110 N Grant St	0.71mi	3/1.0 (+1)	1,112 (+14%)	3mo	$89,000	$80	36

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: 84.7%
• Equity multiple: 4.90×
• Total profit: $28,913
• Equity at exit: $3,951

10-year hold

• IRR: 87.9%
• Equity multiple: 10.16×
• Total profit: $67,939
• Equity at exit: $2,291

Cash invested: $7,420 (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 73632

• Home prices YoY: -1.6%
• Active inventory: 38
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $866 medium
• Mortgage (P&I): −$139
• Tax from tax record: −$13 /mo · $155/yr
• Insurance: −$11
• HOA: −$0
• Vacancy / Maint / Mgmt: −$182
• Net cashflow: $521

Break-even live

Break-even rent $206

Max offer price $26,500

Occupancy floor 35%

Sensitivity live

Price	-10% $536	-5% $529	+0% $521	+5% $514	+10% $506
Rent	-10% $453	-5% $487	+0% $521	+5% $556	+10% $590
Rate	-1.0pp $535	-0.5pp $528	base $521	+0.5pp $515	+1.0pp $508

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: $6,625
• Closing costs: $795
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-16
   status $26,500 Pending 19 DOM
2. 2026-06-15
   days on market $26,500 Active 19 DOM
3. 2026-06-13
   days on market $26,500 Active 17 DOM
4. 2026-06-12
   days on market $26,500 Active 16 DOM
5. 2026-06-09
   days on market $26,500 Active 13 DOM
6. 2026-06-08
   days on market $26,500 Active 12 DOM
7. 2026-06-08
   days on market $26,500 Active 11 DOM
8. 2026-06-07
   pricedays on market $26,500 Active 10 DOM
9. 2026-06-04
   days on market $27,000 Active 7 DOM
10. 2026-06-02
    days on market $27,000 Active 6 DOM
11. 2026-06-01
    days on market $27,000 Active 5 DOM
12. 2026-05-31
    days on market $27,000 Active 4 DOM
13. 2026-05-26
    listed $27,000 Active
14. 2005-11-07
    soldstatus $8,000
15. 2000-09-07
    soldstatus $12,500

ⓘ 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: $155 · $13/mo
• Projected year-2 tax: $238 · $20/mo
• Expected delta: +$83/yr (+$7/mo · 53.9%)

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $10,395
• − Mortgage interest: −$1,484
• − Property taxes: −$155
• − Insurance: −$132
• − Repairs & maintenance: −$832
• − Management: −$832
• − Depreciation: −$771
• Taxable income: $6,189
• Est. tax owed @ 24.0%: −$1,485
• After-tax cash flow: $4,771/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: Cordell
• NCES district ID: 4008640
• Math proficiency: 37% ▼ -10.00%
• Reading proficiency: 33% ▼ -4.00%
• Median HH income: $48,294
• Composite: 30.21/100
• National rank: #6304
• State rank: #33 of 270 in OK

Livability — New Cordell

• Score: 60/100
• State rank: #335
• US rank: #18607

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Cordell, OK
• Population (ZIP): 3,041

Population outlook (Washita County) Hauer SSP2

• Today (2025): 12,143 people
• By 2030: 12,276 · +1.1%
• By 2040: 12,522 · +3.1%
• By 2050: 12,740 · +4.9%
• By 2075: 13,198 · +8.7%
• By 2100: 13,189 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Two or more races 2% Native American 2% Black 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 3% Iranian 2% Serbian 2%
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Washita

• 2024 margin: Solid R (+74.8) · D 11.8% · R 86.6% · Other 1.5%
• 2008→2024 swing: -18.9pp toward R · 2008: -55.9pp · 2024: -74.8pp
• All cycles: 2024: R+74.8 2020: R+73.0 2016: R+70.5 2012: R+61.8 2008: R+55.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.38%
• Current HPI: 203.69
• 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

+116.0% since first listed

3 events — show timeline

• 2026-05-26 Listed $27,000 MLSOK
• 2005-11-07 Sold (Public Records) $8,000 Public Records
• 2000-09-07 Sold (Public Records) $12,500 Public Records

Property tax history

+5.0%/yr

Latest (2025): $155 · +6.2% YoY. Source: county tax records.