2313 SW 48th St · Oklahoma City, OK 73119

$149,700

4 bd · 1.0 ba · 1,102 sqft · SingleFamily public records · 44 Days on market

Built 1954 7,000 sqft lot Est $147k · at est.

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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 +16.6/30.0
• ARV discount +6.5/15.0
• DSCR +5.2/10.0
• Livability +4.0/5.0
• 1% rule +3.9/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

sold as-is

Key facts

• New gas range
• Roof replacement
• New dishwasher

Tags

• ROOF REPLACEMENT
• NEW INTERIOR PAINT
• NEW GAS RANGE
• NEW DISHWASHER
• LARGE FENCED BACKYARD
• ADDED CONCRETE PARKING

Property features AI

Finance

• Other: Owner is an associate of the listing brokerage; Currently not occupied
• Financial info: Loan qualification likely available; Not assumable
• HOA & community: No mandatory association dues

Exterior

• Parking: 1-car garage
• Utilities: Standard municipal utilities (per public records)
• Home design: Single-family residence; One-story property; Existing property; Homestead-eligible
• Construction: Frame construction; Composition roof; Conventional foundation; Built as assessed by public records
• Exterior features: Covered patio; Covered porch; Chain link fencing; Interior lot

Interior

• Bedrooms: 4 bedrooms (all on one level)
• Bathrooms: 1 full bathroom
• Interior features: Living area includes a main living room; No fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $134k (10.6% below list).
• Recommended offer: $134k (10.6% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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.
• Oklahoma City (urban): math 7% / reading 10% proficiency, ranked #254 of 270 in OK (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Coolidge Es (math 4% / reading 7%, grade F, #763 of 845 statewide, top 91%, 505 students, 0% FRL); Jefferson Ms (math 2% / reading 5%, grade F, #330 of 345 statewide, top 96%, 919 students, 0% FRL); U. S. Grant Hs (math 2% / reading 7%, grade F, #442 of 447 statewide, top 99%, 1,594 students, 0% FRL) — zoned schools average 0% FRL vs 82% district-wide (82 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+1.1%/yr); 95 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).
• This rent runs 35% of the median local income ($45k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Oklahoma County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 16y 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 $36k; list at $150k implies a 316% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — 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 $133,820 (10.6% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.89% ✗
• Cap rate: 7.03%
• Cash-on-cash: 2.62%
• DSCR: 1.12
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $146,566
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2601 SW 49th St	0.37mi	3/1.0 (-1)	1,148 (+4%)	5mo	$140,000	$122	66
1448 Lafayette Dr	0.60mi	3/1.0 (-1)	1,107 (+0%)	1mo	$164,000	$148	65
2341 SW 50th St	0.15mi	3/1.0 (-1)	950 (-14%)	4mo	$124,000	$131	62
1405 SW 44th St	0.73mi	3/1.0 (-1)	1,085 (-2%)	1mo	$120,000	$111	58
2436 SW 53rd St	0.43mi	3/1.0 (-1)	999 (-9%)	5mo	$144,000	$144	56
2617 SW 43rd St	0.48mi	3/2.0 (-1)	1,162 (+5%)	5mo	$165,000	$142	55
5516 S Agnew Ave	0.48mi	3/1.0 (-1)	999 (-9%)	3mo	$145,500	$146	55
2421 SW 55th St	0.51mi	4/1.0	1,231 (+12%)	5mo	$180,000	$146	52
2701 SW 52nd St	0.54mi	3/1.0 (-1)	1,224 (+11%)	1mo	$125,000	$102	51
1428 SW 44th St	0.65mi	3/1.0 (-1)	992 (-10%)	1mo	$132,400	$133	47
1648 SW 40th St	0.62mi	3/1.0 (-1)	939 (-15%)	4mo	$125,000	$133	38
1321 Williams Dr	0.73mi	3/1.0 (-1)	948 (-14%)	5mo	$125,000	$132	33

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 · 1.13% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.50×
• Total profit: $-20,930
• Equity at exit: $22,321

10-year hold

• IRR: -8.6%
• Equity multiple: 0.51×
• Total profit: $-20,587
• Equity at exit: $12,943

Cash invested: $41,916 (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 73119

• Home prices YoY: -14.4%
• Rents YoY: 1.1%
• Active inventory: 95
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,338 high
• Mortgage (P&I): −$785
• Tax from tax record: −$118 /mo · $1,420/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $91

Break-even live

Break-even rent $1,222

Max offer price $149,700

Occupancy floor 88%

Sensitivity live

Price	-10% $176	-5% $134	+0% $91	+5% $49	+10% $7
Rent	-10% $-14	-5% $39	+0% $91	+5% $144	+10% $197
Rate	-1.0pp $167	-0.5pp $129	base $91	+0.5pp $53	+1.0pp $13

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: $37,425
• Closing costs: $4,491
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2400 SW 53rd St Oklahoma City, OK	4.0	1.5	1440	$1,400	$0.97	13d	1	0.40mi
4330 S Barnes Ave Oklahoma City, OK	1.0–3.0	1.0–2.0	860	$1,099	$1.28	5d	9	0.40mi
5609 S Rockwood Ave Oklahoma City, OK	3.0	1.0	1198	$1,075	$0.90	25d	1	0.54mi
2612 SW 41st St Oklahoma City, OK	3.0	1.0	1164	$1,200	$1.03	25d	1	0.56mi
2741 SW Murray Dr Oklahoma City, OK	3.0	1.0	949	$1,395	$1.47	3d	1	0.58mi
2812 SW 48th St Oklahoma City, OK	4.0	1.0	840	$1,350	$1.61	21d	1	0.63mi
2741 SW 54th Pl Oklahoma City, OK	3.0	2.0	1059	$1,249	$1.18	3d	1	0.72mi
2641 SW 57th St Oklahoma City, OK	3.0	1.5	1269	$1,320	$1.04	45d	1	0.74mi
2640 SW 38th St Oklahoma City, OK	3.0	2.0	944	$1,050	$1.11	4d	1	0.77mi
2140 SW 35th St Oklahoma City, OK	3.0	2.0	976	$1,300	$1.33	45d	1	0.84mi
5617 S May Ave Oklahoma City, OK	1.0–3.0	1.5	1000	$926	$0.93	25d	1	0.92mi
2945 SW 54th St Oklahoma City, OK	3.0	1.5	1424	$1,295	$0.91	45d	1	0.93mi
2120 SW 61st St Oklahoma City, OK	3.0	1.0	1101	$1,200	$1.09	45d	1	0.95mi
2208 SW 61st Ter Oklahoma City, OK	4.0	1.0	1350	$1,880	$1.39	45d	1	0.97mi
5305 S Drexel Ave Oklahoma City, OK	4.0	1.0	1250	$1,199	$0.96	19d	1	1.00mi
1433 SW 60th St Oklahoma City, OK	3.0	2.0	942	$1,400	$1.49	45d	1	1.00mi
1132 SW 40th St Oklahoma City, OK	3.0	2.0	1436	$1,350	$0.94	25d	1	1.04mi
1432 SW 61st Ter Oklahoma City, OK	3.0	1.5	891	$1,145	$1.29	45d	1	1.11mi
1344 SW 62nd St Oklahoma City, OK	3.0	1.0	878	$1,300	$1.48	4d	1	1.21mi
2813 SW 62nd St Oklahoma City, OK	3.0	1.5	1001	$1,400	$1.40	25d	1	1.22mi
1025 SW 57th St Oklahoma City, OK	4.0	1.5	1288	$1,350	$1.05	45d	1	1.24mi
2908 SW 62nd St Oklahoma City, OK	3.0	1.5	936	$1,450	$1.55	4d	1	1.34mi
2728 SW 65th St Oklahoma City, OK	3.0	1.0	863	$1,250	$1.45	5d	1	1.40mi
6111 S Klein Ave Oklahoma City, OK	2.0–3.0	1.0	617	$900	$1.46	5d	3	1.43mi
733 SW 47th St Oklahoma City, OK	3.0	1.5	1228	$1,180	$0.96	25d	1	1.45mi
1004 SW 62nd St Oklahoma City, OK	3.0	1.0	968	$1,295	$1.34	5d	1	1.49mi

Listing history 27 events

1. 2026-06-21
   days on market $149,700 Active 44 DOM
2. 2026-06-18
   days on market $149,700 Active 41 DOM
3. 2026-06-17
   days on market $149,700 Active 40 DOM
4. 2026-06-16
   days on market $149,700 Active 39 DOM
5. 2026-06-15
   days on market $149,700 Active 38 DOM
6. 2026-06-13
   days on market $149,700 Active 36 DOM
7. 2026-06-09
   days on market $149,700 Active 32 DOM
8. 2026-06-08
   days on market $149,700 Active 31 DOM
9. 2026-06-07
   days on market $149,700 Active 30 DOM
10. 2026-06-05
    days on market $149,700 Active 27 DOM
11. 2026-06-03
    days on market $149,700 Active 26 DOM
12. 2026-06-02
    days on market $149,700 Active 25 DOM
13. 2026-06-01
    days on market $149,700 Active 24 DOM
14. 2026-05-31
    days on market $149,700 Active 23 DOM
15. 2026-05-27
    status Active
16. 2026-05-01
    status Active
17. 2026-04-13
    status Active
18. 2026-03-18
    status Active
19. 2026-01-30
    listed $149,700 Active
20. 2024-12-02
    historical $1,600
21. 2024-10-27
    listed $1,600
22. 2016-10-11
    soldstatus $36,000 Sold 10-char remark

    Show marketing remark (10 chars)

    sold as-is

23. 2013-01-29
    soldstatus $29,500 160-char remark

    Show marketing remark (160 chars)

    Nice patio with access from garage. Realtor is owner. Could be separately or as package with MLS# 490997,477992,477671,479698,478004,479700,477680,478013,478008

24. 2011-12-21
    listed $37,500 160-char remark

    Show marketing remark (160 chars)

    Nice patio with access from garage. Realtor is owner. Could be separately or as package with MLS# 490997,477992,477671,479698,478004,479700,477680,478013,478008

25. 2010-08-06
    soldstatus $29,500
26. 2010-06-04
    listed $32,150
27. 2004-02-12
    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: $1,420 · $118/mo
• Projected year-2 tax: $1,420 · $118/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 3/10 Moderate 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: $16,058
• − Mortgage interest: −$8,386
• − Property taxes: −$1,420
• − Insurance: −$748
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − Depreciation: −$4,355
• Taxable loss: −$1,420
• Est. tax savings @ 24.0%: +$341
• After-tax cash flow: $1,438/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: Oklahoma City
• NCES district ID: 4022770
• Math proficiency: 7% ▼ -5.00%
• Reading proficiency: 10% ▼ -6.00%
• Median HH income: $35,606
• Composite: 7.0/100
• National rank: #9970
• State rank: #254 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): 30,398
• Household income: $45,421
• Rent vs Own: 49.9% rent · 50.1% own
• Severe rent burden: 1221.0

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: Majority Hispanic (63%)
• Race & ethnicity: Hispanic / Latino 63% Two or more races 24% White 24% Native American 7% Black 6%
• Hispanic origin (detail): Mexican 58%
• Common ancestry: Slovak 1% Lithuanian 1%
• Foreign-born: 28% · Canada
• Languages at home: 45% English-only · Spanish 54%

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: ▼ -50.15%
• Current HPI: 297.1117
• Rent YoY: ▲ 1.13%
• 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

+399.0% since first listed

13 events — show timeline

• 2026-05-27 Relisted — MLSOK
• 2026-05-01 Relisted — MLSOK
• 2026-04-13 Relisted — MLSOK
• 2026-03-18 Relisted — MLSOK
• 2026-01-30 Listed $149,700 MLSOK
• 2024-12-02 Rental Removed $1,600 BUILDIUM
• 2024-10-27 Listed for Rent $1,600 BUILDIUM
• 2016-10-11 Sold (MLS) $36,000 MLSOK
• 2013-01-29 Sold (MLS) $29,500 MLSOK
• 2011-12-21 Listed $37,500 MLSOK
• 2010-08-06 Sold (MLS) $29,500 MLSOK
• 2010-06-04 Listed $32,150 MLSOK
• 2004-02-12 Sold (Public Records) $30,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,420 · +4.4% YoY. Source: county tax records.