2433 SE 15th St · Oklahoma City, OK 73129

$98,900

2 bd · 1.0 ba · 720 sqft · SingleFamily public records · 132 Days on market

Built 1944 3,040 sqft lot

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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 +21.9/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• Appreciation +5.9/10.0
• 1% rule +5.4/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.6/10.0

Listing remarks MLS

This cozy two bedroom home has been completely updated and remodeled. Upon entering the home, you find yourself in the living room standing on new laminate flooring throughout the home except the kitchen, new paint, and upgraded light fixtures. The kitchen has appealing custom built in cabinets, stainless steel oven, dishwasher, refrigerator and lots of storage space! The bedrooms are located on the side of the home and are all nicely sized! The fenced in backyard features a beautiful garden with Eastern Redbud, Elderflower bush, perennial flower and a full sized outdoor shed. Shed is to be sold as-is. Property features new siding! You will not want to miss the opportunity to purchase this completely remodeled home for this great of a price!

Key facts

• Easy access
• Low maintenance yard
• Cabinet space

Tags

• NATURAL LIGHT
• CABINET SPACE
• LOW MAINTENANCE YARD
• EASY ACCESS

Property features AI

Finance

• Other: Homestead not claimed
• Financial info: Not assumable; Buyer may qualify for loan
• HOA & community: No mandatory association dues

Exterior

• Home design: Single family residence; One-level property
• Construction: Vinyl construction; Composition roof; Conventional foundation; Built (existing)
• Exterior features: Interior lot

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central gas heating; Window unit cooling
• Interior features: One living area; No fireplace; Existing property

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $155 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 3.7% in Oklahoma City — 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 80/100 on livability (#3 in OK, #1,635 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Crooked Oak (urban): math 8% / reading 10% proficiency, ranked #260 of 270 in OK (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Central Oak Es (math 14% / reading 11%, grade F, #648 of 845 statewide, top 77%, 554 students, 0% FRL); Crooked Oak Hs (math 2% / reading 8%, grade F, #430 of 447 statewide, top 99%, 356 students, 0% FRL) — zoned schools average 0% FRL vs 90% district-wide (90 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 83 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($684 loan paydown + $2k appreciation (1.8% local appreciation)).
• Oklahoma County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.8% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 3 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.

Risks & watch-outs

• Watch-outs: built in 1944 — 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 $87,032 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 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 F 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: 8.18%
• Cash-on-cash: 6.73%
• DSCR: 1.30
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $58,320
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2304 SE 12th St	0.24mi	2/1.0	756 (+5%)	9mo	$40,000	$53	73
1333 S Fairmont Ave	0.18mi	3/1.0 (+1)	756 (+5%)	7mo	$40,000	$53	72
2117 SE 12th St	0.30mi	2/1.0	816 (+13%)	1mo	$66,000	$81	63
2412 SE 12th St	0.16mi	3/1.0 (+1)	824 (+14%)	11mo	$110,000	$133	54

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

Projected returns pro-forma

1.75% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.5%
• Equity multiple: 1.56×
• Total profit: $15,400
• Equity at exit: $37,662

10-year hold

• IRR: 13.6%
• Equity multiple: 2.78×
• Total profit: $49,366
• Equity at exit: $53,218

Cash invested: $27,692 (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 73129

• Home prices YoY: 0.7%
• Active inventory: 83
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,029 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$98 /mo · $1,170/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $155

Break-even live

Break-even rent $832

Max offer price $98,900

Occupancy floor 80%

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: $24,725
• Closing costs: $2,967
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3107 SE 21st St Oklahoma City, OK	2.0	1.0	720	$900	$1.25	3d	1	0.85mi

Listing history 24 events

1. 2026-06-18
   days on market $98,900 Active 132 DOM
2. 2026-06-17
   days on market $98,900 Active 131 DOM
3. 2026-06-16
   days on market $98,900 Active 130 DOM
4. 2026-06-15
   days on market $98,900 Active 129 DOM
5. 2026-06-13
   days on market $98,900 Active 127 DOM
6. 2026-06-09
   days on market $98,900 Active 123 DOM
7. 2026-06-08
   days on market $98,900 Active 122 DOM
8. 2026-06-07
   days on market $98,900 Active 121 DOM
9. 2026-06-05
   days on market $98,900 Active 118 DOM
10. 2026-06-03
    days on market $98,900 Active 117 DOM
11. 2026-06-02
    pricedays on market $98,900 Active 116 DOM
12. 2026-06-01
    days on market $99,000 Active 115 DOM
13. 2026-05-31
    days on market $99,000 Active 114 DOM
14. 2026-02-06
    listed $99,000 Active
15. 2024-01-17
    soldstatus $93,500
16. 2024-01-16
    soldstatus $93,500 Closed 751-char remark

    Show marketing remark (751 chars)

    This cozy two bedroom home has been completely updated and remodeled. Upon entering the home, you find yourself in the living room standing on new laminate flooring throughout the home except the kitchen, new paint, and upgraded light fixtures. The kitchen has appealing custom built in cabinets, stainless steel oven, dishwasher, refrigerator and lots of storage space! The bedrooms are located on the side of the home and are all nicely sized! The fenced in backyard features a beautiful garden with Eastern Redbud, Elderflower bush, perennial flower and a full sized outdoor shed. Shed is to be sold as-is. Property features new siding! You will not want to miss the opportunity to purchase this completely remodeled home for this great of a price!

17. 2023-12-18
    status Pending 751-char remark

    Show marketing remark (751 chars)

    This cozy two bedroom home has been completely updated and remodeled. Upon entering the home, you find yourself in the living room standing on new laminate flooring throughout the home except the kitchen, new paint, and upgraded light fixtures. The kitchen has appealing custom built in cabinets, stainless steel oven, dishwasher, refrigerator and lots of storage space! The bedrooms are located on the side of the home and are all nicely sized! The fenced in backyard features a beautiful garden with Eastern Redbud, Elderflower bush, perennial flower and a full sized outdoor shed. Shed is to be sold as-is. Property features new siding! You will not want to miss the opportunity to purchase this completely remodeled home for this great of a price!

18. 2023-11-14
    status Active 751-char remark

    Show marketing remark (751 chars)

    This cozy two bedroom home has been completely updated and remodeled. Upon entering the home, you find yourself in the living room standing on new laminate flooring throughout the home except the kitchen, new paint, and upgraded light fixtures. The kitchen has appealing custom built in cabinets, stainless steel oven, dishwasher, refrigerator and lots of storage space! The bedrooms are located on the side of the home and are all nicely sized! The fenced in backyard features a beautiful garden with Eastern Redbud, Elderflower bush, perennial flower and a full sized outdoor shed. Shed is to be sold as-is. Property features new siding! You will not want to miss the opportunity to purchase this completely remodeled home for this great of a price!

19. 2023-10-30
    status Pending 751-char remark

    Show marketing remark (751 chars)

    This cozy two bedroom home has been completely updated and remodeled. Upon entering the home, you find yourself in the living room standing on new laminate flooring throughout the home except the kitchen, new paint, and upgraded light fixtures. The kitchen has appealing custom built in cabinets, stainless steel oven, dishwasher, refrigerator and lots of storage space! The bedrooms are located on the side of the home and are all nicely sized! The fenced in backyard features a beautiful garden with Eastern Redbud, Elderflower bush, perennial flower and a full sized outdoor shed. Shed is to be sold as-is. Property features new siding! You will not want to miss the opportunity to purchase this completely remodeled home for this great of a price!

20. 2023-10-17
    price $100,000 751-char remark

    Show marketing remark (751 chars)

    This cozy two bedroom home has been completely updated and remodeled. Upon entering the home, you find yourself in the living room standing on new laminate flooring throughout the home except the kitchen, new paint, and upgraded light fixtures. The kitchen has appealing custom built in cabinets, stainless steel oven, dishwasher, refrigerator and lots of storage space! The bedrooms are located on the side of the home and are all nicely sized! The fenced in backyard features a beautiful garden with Eastern Redbud, Elderflower bush, perennial flower and a full sized outdoor shed. Shed is to be sold as-is. Property features new siding! You will not want to miss the opportunity to purchase this completely remodeled home for this great of a price!

21. 2023-10-09
    listed $102,500 Active 751-char remark

    Show marketing remark (751 chars)

    This cozy two bedroom home has been completely updated and remodeled. Upon entering the home, you find yourself in the living room standing on new laminate flooring throughout the home except the kitchen, new paint, and upgraded light fixtures. The kitchen has appealing custom built in cabinets, stainless steel oven, dishwasher, refrigerator and lots of storage space! The bedrooms are located on the side of the home and are all nicely sized! The fenced in backyard features a beautiful garden with Eastern Redbud, Elderflower bush, perennial flower and a full sized outdoor shed. Shed is to be sold as-is. Property features new siding! You will not want to miss the opportunity to purchase this completely remodeled home for this great of a price!

22. 2022-04-05
    soldstatus $27,000
23. 1997-10-23
    soldstatus $5,000
24. 1995-08-03
    soldstatus $6,000

ⓘ 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: $1,170 · $98/mo
• Projected year-2 tax: $1,170 · $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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% 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: $12,343
• − Mortgage interest: −$5,540
• − Property taxes: −$1,170
• − Insurance: −$494
• − Repairs & maintenance: −$987
• − Management: −$987
• − Depreciation: −$2,877
• Taxable income: $286
• Est. tax owed @ 24.0%: −$69
• After-tax cash flow: $1,794/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: Crooked Oak
• NCES district ID: 4009060
• Math proficiency: 8% ▼ -10.00%
• Reading proficiency: 10% ▼ -11.00%
• Median HH income: $25,479
• Composite: 6.45/100
• National rank: #9997
• State rank: #260 of 270 in OK

Livability — Oklahoma City

• Score: 80/100
• State rank: #3
• US rank: #1635

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oklahoma City, OK
• County: Oklahoma County · 771,644 people
• City population: 498,656
• Metro: Oklahoma City, OK
• Population (ZIP): 20,014
• Household income: $46,670
• Rent vs Own: 49.9% rent · 50.1% own
• Severe rent burden: 611.0

Population outlook (Oklahoma County) Hauer SSP2

• Today (2025): 911,875 people
• By 2030: 982,413 · +7.7%
• By 2040: 1,130,468 · +24.0%
• By 2050: 1,288,422 · +41.3%
• By 2075: 1,711,482 · +87.7%
• By 2100: 2,088,448 · +129.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Hispanic / Latino 57% Two or more races 26% White 26% Black 9% Native American 7% Asian 1%
• Hispanic origin (detail): Mexican 53%
• Common ancestry: Italian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 24% · Canada, Dominican Republic
• Languages at home: 54% English-only · Spanish 44% Other Asian/Pacific 1% Vietnamese 1%

Political lean MEDSL · Oklahoma

• 2024 margin: Toss-up / Even · D 48.0% · R 49.7% · Other 2.3%
• 2008→2024 swing: +15.1pp toward D · 2008: -16.8pp · 2024: -1.7pp
• All cycles: 2024: R+1.7 2020: R+1.1 2016: R+10.5 2012: R+16.7 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.75%
• Current HPI: 250.8581
• 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

+1550.0% since first listed

11 events — show timeline

• 2026-02-06 Listed $99,000 MLSOK
• 2024-01-17 Sold (Public Records) $93,500 Public Records
• 2024-01-16 Sold (MLS) $93,500 MLSOK
• 2023-12-18 Pending — MLSOK
• 2023-11-14 Relisted — MLSOK
• 2023-10-30 Pending — MLSOK
• 2023-10-17 Price Changed $100,000 MLSOK
• 2023-10-09 Listed $102,500 MLSOK
• 2022-04-05 Sold (Public Records) $27,000 Public Records
• 1997-10-23 Sold (Public Records) $5,000 Public Records
• 1995-08-03 Sold (Public Records) $6,000 Public Records

Property tax history

+21.4%/yr

Latest (2025): $1,170 · +74.3% YoY. Source: county tax records.