501 N Georgia Ave · Mangum, OK 73554

$15,000

3 bd · 1.0 ba · 1,148 sqft · SingleFamily public records · 104 Days on market

Built 1940 8,520 sqft lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +3.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks

Investor special. Some rehab has been completed. this home features three bedrooms, one bathroom and laundry room. The kitchen has new cabinets. A dishwasher is there but is not known if it is in working order. Updated water heater and some pex water lines have been added. Home is being sold "As Is"

Key facts

• New cabinets
• Updated water heater
• Pex water lines

Tags

• NEW CABINETS
• UPDATED WATER HEATER
• PEX WATER LINES

Property features AI

Finance

• Other: Located in Boyd addition; Manual geocode; directions available
• Financial info: Listing offered As-is; acceptable financing: Cash or Conventional; Not assumable; Not eligible for seller loan qualification
• HOA & community: No mandatory association dues

Exterior

• Utilities: No storm shelter
• Home design: Single family residence; One-story; Existing property; Residential property; Homestead eligible
• Construction: Frame construction; Composition roof; Conventional foundation; Built previously (existing)
• Exterior features: Covered porch; Corner lot

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: No heating; No cooling
• Interior features: One living area; One dining area; 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 $15k.

Deal economics

• At list price, monthly cash flow is $740 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Recommended offer: $14k (9.0% below list) — sets the bar for market timing.
• Cap rate 65.5% vs local median 7.8% in Mangum — 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 65/100 on livability (#144 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, employment F.
• Mangum (town): math 27% / reading 28% proficiency, ranked #89 of 270 in OK (top 33%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Edison Es (math 47% / reading 32%, grade F, #107 of 845 statewide, top 14%, 239 students, 0% FRL); Mangum Hs (math 15% / reading 24%, grade F, #274 of 447 statewide, top 66%, 175 students, 0% FRL) — zoned schools average 0% FRL vs 56% district-wide (56 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 45 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-2.5%/yr); year-one equity from $104 of loan paydown is wiped out by about $368 of value loss. Plan a longer hold.
• Greer County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-2.5% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($14k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 $4k; list at $15k implies a 275% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $13,650 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 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 1940 — 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. 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?
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: 7.12% ✓
• Cap rate: 65.47%
• Cash-on-cash: 211.34%
• DSCR: 10.40
• GRM: 1.2

CMA / ARV

• ARV (on-the-fly): $65,436
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
507 E Cleveland St	0.31mi	3/2.0	1,116 (-3%)	12mo	$149,250	$134	66
705 N Pennsylvania Ave	0.20mi	3/2.0	1,280 (+12%)	2mo	$110,000	$86	66
313 N Colorado Ave	0.25mi	2/1.0 (-1)	1,054 (-8%)	8mo	$16,000	$15	63
413 W Taylor St	0.49mi	2/1.0 (-1)	1,134 (-1%)	10mo	$55,000	$49	62
412 N Kentucky Ave	0.43mi	2/1.0 (-1)	1,224 (+7%)	6mo	$70,000	$57	59
404 N Bryan Ave	0.51mi	3/2.0	1,251 (+9%)	2mo	$149,000	$119	56
235 W Polk St	0.36mi	2/2.0 (-1)	1,249 (+9%)	5mo	$55,000	$44	55
305 Gary St	0.71mi	3/2.0	1,212 (+6%)	4mo	$99,000	$82	50
325 W Harrison St	0.42mi	2/1.0 (-1)	1,064 (-7%)	16mo	$40,000	$38	49
315 W Filmore St	0.51mi	2/1.0 (-1)	1,042 (-9%)	11mo	$75,000	$72	46
1605 N Oregon Ave	0.61mi	2/1.0 (-1)	1,050 (-8%)	11mo	$39,500	$38	43
403 S Oklahoma Ave	0.72mi	2/1.0 (-1)	1,240 (+8%)	10mo	$14,000	$11	40

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

Projected returns pro-forma

-2.45% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 11.72×
• Total profit: $45,041
• Equity at exit: $2,603

10-year hold

• IRR: —
• Equity multiple: 24.87×
• Total profit: $100,250
• Equity at exit: $1,935

Cash invested: $4,200 (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 73554

• Home prices YoY: -2.7%
• Active inventory: 45
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $1,068 medium
• Mortgage (P&I): −$79
• Tax from tax record: −$19 /mo · $226/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $740

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 26%

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

Listing history 23 events

1. 2026-06-18
   days on market $15,000 Active 104 DOM
2. 2026-06-17
   days on market $15,000 Active 103 DOM
3. 2026-06-16
   days on market $15,000 Active 102 DOM
4. 2026-06-15
   days on market $15,000 Active 101 DOM
5. 2026-06-13
   days on market $15,000 Active 99 DOM
6. 2026-06-12
   days on market $15,000 Active 98 DOM
7. 2026-06-09
   days on market $15,000 Active 95 DOM
8. 2026-06-08
   days on market $15,000 Active 94 DOM
9. 2026-06-08
   days on market $15,000 Active 93 DOM
10. 2026-06-07
    days on market $15,000 Active 92 DOM
11. 2026-06-04
    days on market $15,000 Active 89 DOM
12. 2026-06-02
    days on market $15,000 Active 88 DOM
13. 2026-06-01
    days on market $15,000 Active 87 DOM
14. 2026-05-31
    days on market $15,000 Active 86 DOM
15. 2026-03-06
    listed $15,000 Active
16. 2024-05-11
    historical
17. 2023-09-19
    price $25,000
18. 2023-07-11
    price $30,000
19. 2023-05-10
    listed $33,000 Active
20. 2014-10-20
    soldstatus $4,000
21. 2011-09-14
    soldstatus $20,000
22. 2011-09-14
    soldstatus $30,000
23. 2004-08-19
    soldstatus $15,000

ⓘ 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: $226 · $19/mo
• Projected year-2 tax: $226 · $19/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 20 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: $12,812
• − Mortgage interest: −$840
• − Property taxes: −$226
• − Insurance: −$75
• − Repairs & maintenance: −$1,025
• − Management: −$1,025
• − Depreciation: −$436
• Taxable income: $9,184
• Est. tax owed @ 24.0%: −$2,204
• After-tax cash flow: $6,672/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: Mangum
• NCES district ID: 4018780
• Math proficiency: 27% ▼ -18.00%
• Reading proficiency: 28% ▼ -15.00%
• Median HH income: $36,568
• Composite: 22.85/100
• National rank: #8012
• State rank: #89 of 270 in OK

Livability — Mangum

• Score: 65/100
• State rank: #144
• US rank: #13248

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mangum, OK
• Population (ZIP): 3,361

Population outlook (Greer County) Hauer SSP2

• Today (2025): 5,904 people
• By 2030: 5,869 · -0.6%
• By 2040: 5,790 · -1.9%
• By 2050: 5,712 · -3.3%
• By 2075: 5,196 · -12.0%
• By 2100: 4,326 · -26.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 15% Two or more races 8% Black 3% Native American 1%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Iranian 2% Serbian 2% Slovak 1%
• Foreign-born: 1% · China, Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Greer

• 2024 margin: Solid R (+65.7) · D 16.6% · R 82.3% · Other 1.1%
• 2008→2024 swing: -19.3pp toward R · 2008: -46.5pp · 2024: -65.7pp
• All cycles: 2024: R+65.7 2020: R+64.7 2016: R+61.1 2012: R+46.7 2008: R+46.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.45%
• Current HPI: 88.9252
• 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

+0.0% since first listed

9 events — show timeline

• 2026-03-06 Listed $15,000 MLSOK
• 2024-05-11 Listing Removed — MLSOK
• 2023-09-19 Price Changed $25,000 MLSOK
• 2023-07-11 Price Changed $30,000 MLSOK
• 2023-05-10 Listed $33,000 MLSOK
• 2014-10-20 Sold (Public Records) $4,000 Public Records
• 2011-09-14 Sold (Public Records) $30,000 Public Records
• 2011-09-14 Sold (Public Records) $20,000 Public Records
• 2004-08-19 Sold (Public Records) $15,000 Public Records

Property tax history

+3.5%/yr

Latest (2023): $226 · +0.0% YoY. Source: county tax records.