2221 NW Baltimore Cir · Lawton, OK 73505

$55,000

3 bd · 2.0 ba · 1,056 sqft · SingleFamily public records · 175 Days on market

Built 1951 Est $83k · 34% under ↓ 10% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.8/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very unique house, walk out basement type. 1056 SF on main level, nearly 1000 SF on bottom level with 600 SF finished Florida room, workshop and 2 storage areas. New roof, Ceran top stove, hardwood flooring in upstairs bedrooms. Separate tub and shower in upstairs bath. 1 car garage plus large lot and shed.

Key facts

• Hardwood flooring
• Storage areas
• Workshop

Tags

• WALK OUT BASEMENT
• FINISHED FLORIDA ROOM
• WORKSHOP
• STORAGE AREAS
• NEW ROOF
• HARDWOOD FLOORING

Property features AI

Exterior

• Parking: 1 total parking space; 1 covered parking space; 1-car garage with garage door opener
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single family residence; Multi/split levels; R-1 (single family) zoning; City street frontage; Public road maintenance
• Construction: Brick veneer; Composition roof; Slab foundation; Built area approximately 1,100
• Exterior features: Covered porch; Chain link fencing; Shed

Interior

• Kitchen: Cooktop; Microwave; Range hood; Garbage disposal; Refrigerator; Gas water heater
• Flooring: Hardwood; Laminate
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Central heating; Natural gas heating; Fireplace heating; Central air (electric)
• Interior features: Storm windows; Window coverings; Wood-burning fireplace; Smoke detector(s)
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $609 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.6% vs local median 6.1% in Lawton — 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 63/100 on livability (#206 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, commute F.
• Lawton (urban): math 20% / reading 26% proficiency, ranked #137 of 270 in OK (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Edison Es (math 12% / reading 12%, grade F, #667 of 845 statewide, top 82%, 476 students, 0% FRL); Central Ms (math 17% / reading 24%, grade F, #153 of 345 statewide, top 45%, 994 students, 0% FRL); Lawton Hs (math 16% / reading 21%, grade F, #302 of 447 statewide, top 68%, 1,417 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+5.1%/yr); 398 active listings in the ZIP; 133 units permitted in Comanche County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Comanche County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.1% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 175 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask has dropped $11k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $48,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 175 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 1951 — 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 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?
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: 2.23% ✓
• Cap rate: 19.57%
• Cash-on-cash: 47.42%
• DSCR: 3.11
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $83,424
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1419 NW 23rd St	0.25mi	3/1.0	1,000 (-5%)	4mo	$19,900	$20	72
2811 NW 21st Pl	0.56mi	3/1.0	1,100 (+4%)	9mo	$50,000	$45	55
1816 NW Floyd	0.50mi	3/2.0	960 (-9%)	8mo	$75,800	$79	55
2523 NW 17th St	0.73mi	3/1.5	1,100 (+4%)	3mo	$103,000	$94	55
2205 NW Lindy Ave	0.50mi	2/1.0 (-1)	1,000 (-5%)	5mo	$49,500	$50	54
1809 NW Kingsbury	0.43mi	2/1.0 (-1)	1,146 (+8%)	3mo	$35,000	$31	54
2136 NW Carroll Ave	0.54mi	3/1.5	1,200 (+14%)	2mo	$114,000	$95	48
2115 NW Pollard Ave	0.44mi	2/1.0 (-1)	900 (-15%)	2mo	$95,400	$106	44
1708 NW Floyd	0.61mi	3/2.0	1,200 (+14%)	6mo	$45,000	$38	44
2414 NW 30th St	0.69mi	3/2.0	1,200 (+14%)	2mo	$45,000	$38	43
3406 NW Williams Ave	0.65mi	3/1.5	900 (-15%)	6mo	$97,000	$108	38
3128 NW Kinyon	0.71mi	2/1.0 (-1)	1,200 (+14%)	8mo	$112,500	$94	29

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 · 5.14% rent growth · sell at horizon

5-year hold

• IRR: 47.2%
• Equity multiple: 3.11×
• Total profit: $32,558
• Equity at exit: $8,201

10-year hold

• IRR: 53.8%
• Equity multiple: 6.84×
• Total profit: $89,871
• Equity at exit: $4,755

Cash invested: $15,400 (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 73505

• Rents YoY: 5.1%
• Active inventory: 398
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,228 medium
• Mortgage (P&I): −$288
• Tax from tax record: −$50 /mo · $603/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $609

Break-even live

Break-even rent $458

Max offer price $55,000

Occupancy floor 45%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-01
   days on market $55,000 Active 175 DOM
2. 2026-05-31
   days on market $55,000 Active 174 DOM
3. 2026-05-30
   days on market $55,000 Active 173 DOM
4. 2026-04-17
   status Active
5. 2026-04-03
   historical Active Under Contract
6. 2026-04-03
   status Pending
7. 2026-02-25
   price $55,000
8. 2026-01-21
   status Active
9. 2025-12-29
   historical Active Under Contract
10. 2025-12-08
    listed $66,000 Active
11. 2015-05-05
    soldstatus $69,000
12. 2015-04-29
    soldstatus $69,000 308-char remark

    Show marketing remark (308 chars)

    Very unique house, walk out basement type. 1056 SF on main level, nearly 1000 SF on bottom level with 600 SF finished Florida room, workshop and 2 storage areas. New roof, Ceran top stove, hardwood flooring in upstairs bedrooms. Separate tub and shower in upstairs bath. 1 car garage plus large lot and shed.

13. 2014-04-23
    listed $69,900 308-char remark

    Show marketing remark (308 chars)

    Very unique house, walk out basement type. 1056 SF on main level, nearly 1000 SF on bottom level with 600 SF finished Florida room, workshop and 2 storage areas. New roof, Ceran top stove, hardwood flooring in upstairs bedrooms. Separate tub and shower in upstairs bath. 1 car garage plus large lot and shed.

14. 2003-02-10
    soldstatus $61,000

ⓘ 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: $603 · $50/mo
• Projected year-2 tax: $603 · $50/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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°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: $14,737
• − Mortgage interest: −$3,081
• − Property taxes: −$603
• − Insurance: −$275
• − Repairs & maintenance: −$1,179
• − Management: −$1,179
• − Depreciation: −$1,600
• Taxable income: $6,820
• Est. tax owed @ 24.0%: −$1,637
• After-tax cash flow: $5,666/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: Lawton
• NCES district ID: 4017250
• Math proficiency: 20% ▼ -12.00%
• Reading proficiency: 26% ▼ -9.00%
• Median HH income: $42,618
• Composite: 19.68/100
• National rank: #8732
• State rank: #137 of 270 in OK

Livability — Lawton

• Score: 63/100
• State rank: #206
• US rank: #15131

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lawton, OK
• County: Comanche County · 96,361 people
• City population: 89,233
• Metro: Lawton, OK
• Population (ZIP): 47,790
• Household income: $58,272
• Rent vs Own: 48.2% rent · 51.8% own
• Severe rent burden: 1986.0

Population outlook (Comanche County) Hauer SSP2

• Today (2025): 124,518 people
• By 2030: 124,231 · -0.2%
• By 2040: 122,193 · -1.9%
• By 2050: 120,368 · -3.3%
• By 2075: 120,492 · -3.2%
• By 2100: 123,113 · -1.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 50% Black 17% Two or more races 16% Hispanic / Latino 16% Native American 4% Asian 3%
• Hispanic origin (detail): Mexican 11% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 1%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 6% German/W. Germanic 2% Korean 1%

Political lean MEDSL · Comanche

• 2024 margin: Strong R (+23.3) · D 37.4% · R 60.7% · Other 1.9%
• 2008→2024 swing: -5.8pp toward R · 2008: -17.5pp · 2024: -23.3pp
• All cycles: 2024: R+23.3 2020: R+20.1 2016: R+23.7 2012: R+17.0 2008: R+17.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -134.88%
• Current HPI: 169.4524
• Rent YoY: ▲ 5.14%
• Metro: Lawton, 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

-9.8% since first listed

11 events — show timeline

• 2026-04-17 Relisted — LBRMLS
• 2026-04-03 Contingent — LBRMLS
• 2026-04-03 Pending — LBRMLS
• 2026-02-25 Price Changed $55,000 LBRMLS
• 2026-01-21 Relisted — LBRMLS
• 2025-12-29 Contingent — LBRMLS
• 2025-12-08 Listed $66,000 LBRMLS
• 2015-05-05 Sold (Public Records) $69,000 Public Records
• 2015-04-29 Sold (MLS) $69,000 LBRMLS
• 2014-04-23 Listed $69,900 LBRMLS
• 2003-02-10 Sold (Public Records) $61,000 Public Records

Property tax history

+0.0%/yr

Latest (2025): $603 · +3.3% YoY. Source: county tax records.