209 S Linwood St · New Cordell, OK 73632

$102,000

3 bd · 2.0 ba · 1,175 sqft · SingleFamily public records · 3 Days on market

Built 1925 7,100 sqft lot Est $101k · at est.

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Why this score? — see what drove the C 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 +24.9/30.0
• DSCR +8.1/10.0
• ARV discount +7.1/15.0
• 1% rule +5.5/10.0
• 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 MLS

CHARMING !!!!! This FRESHLY REMODELED super cute home has tons of updates ! With Three Bedrooms and Two Really Pretty Bathrooms this home is MOVE IN READY. Open Living to Kitchen Area, Spacious Laundry Area, New Flooring, New Tile, New Cabinets, New Countertops, New H20 Heater and more ! Property features partial lot to side as well as Big Backyard with Private Patio area. Owner is a licensed realtor from out of town and has thought out great details and color choices as well as modern tile in bathroom, smart choices in Kitchen and Bath and details throughout you will love ! You will want to see this one ! Rent to Own Financing available.

Key facts

• Schluter system
• 7,100 sq ft lot
• Built 1925

Tags

• BLOWN-IN ATTIC INSULATION
• SCHLUTER SYSTEM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $102k.

Deal economics

• At list price, monthly cash flow is $220 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $102k).
• Cap rate 8.9% 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 $705 of loan paydown is wiped out by about $3k 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.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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 $2k; list at $102k implies a 5000% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $102,000

Questions for the listing agent

1. Built in 1925 — 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: 1.05% ✓
• Cap rate: 8.88%
• Cash-on-cash: 9.25%
• DSCR: 1.41
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $101,050
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
315 S Cordell Ave	0.09mi	3/2.0	1,344 (+14%)	4mo	$102,000	$76	69
220 N Symcox St	0.53mi	3/2.0	1,100 (-6%)	1mo	$95,000	$86	64
119 Elaine Dr	0.47mi	3/1.5	1,110 (-6%)	4mo	$113,500	$102	63
801 E 1st St	0.34mi	2/1.0 (-1)	1,020 (-13%)	4mo	$71,000	$70	49

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: -2.4%
• Equity multiple: 0.91×
• Total profit: $-2,539
• Equity at exit: $15,209

10-year hold

• IRR: 7.3%
• Equity multiple: 1.55×
• Total profit: $15,706
• Equity at exit: $8,819

Cash invested: $28,560 (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: 8.0×

Monthly cashflow live

• Estimated rent: $1,066 medium
• Mortgage (P&I): −$535
• Tax from tax record: −$45 /mo · $536/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $220

Break-even live

Break-even rent $787

Max offer price $102,000

Occupancy floor 74%

Sensitivity live

Price	-10% $278	-5% $249	+0% $220	+5% $191	+10% $162
Rent	-10% $136	-5% $178	+0% $220	+5% $262	+10% $304
Rate	-1.0pp $272	-0.5pp $246	base $220	+0.5pp $194	+1.0pp $167

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: $25,500
• Closing costs: $3,060
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-21
   days on market $102,000 Active 3 DOM
2. 2026-06-18
   remarks 649-char remark
3. 2026-06-18
   listed $102,000 Active 1 DOM

ⓘ 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: $536 · $45/mo
• Projected year-2 tax: $918 · $76/mo
• Expected delta: +$382/yr (+$32/mo · 71.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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: $12,794
• − Mortgage interest: −$5,714
• − Property taxes: −$536
• − Insurance: −$510
• − Repairs & maintenance: −$1,024
• − Management: −$1,024
• − Depreciation: −$2,967
• Taxable income: $1,020
• Est. tax owed @ 24.0%: −$245
• After-tax cash flow: $2,398/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

+1357.1% since first listed

16 events — show timeline

• 2026-06-17 Listed $102,000 MLSOK
• 2025-05-28 Pending — MLSOK
• 2025-05-20 Relisted — MLSOK
• 2025-02-28 Pending — MLSOK
• 2025-02-12 Price Changed $101,500 MLSOK
• 2024-12-17 Listed $104,000 MLSOK
• 2024-06-26 Sold (Public Records) $2,000 Public Records
• 2024-04-22 Sold (Public Records) $88,000 Public Records
• 2024-04-17 Sold (MLS) $88,000 MLSOK
• 2024-03-18 Pending — MLSOK
• 2023-11-27 Price Changed $88,000 MLSOK
• 2023-11-03 Price Changed $88,500 MLSOK
• 2023-10-20 Price Changed $89,000 MLSOK
• 2023-09-06 Price Changed $89,500 MLSOK
• 2023-08-09 Listed $92,000 MLSOK
• 1994-12-29 Sold (Public Records) $7,000 Public Records

Property tax history

+19.1%/yr

Latest (2025): $536 · +5.7% YoY. Source: county tax records.