340 N 9th St · Seminole, OK 74868

$20,500

2 bd · 1.0 ba · 880 sqft · SingleFamily public records · 171 Days on market

Built 1930 5,201 sqft lot Est $37k · 45% under

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Why this score? — see what drove the A- 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
• Appreciation +10.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0

Listing remarks

Looking for a duplex? This one is located at 340 N 9th St in Seminole. It offers separate entrances, each duplex has 1 beds and 1 bath with approx 880 sq ft of living space, making it ideal for rental purposes. Whether you're looking to expand your portfolio or secure a steady income stream, this property is one to consider. Don’t miss out on this unique chance to own a rental property. More photos coming!

Key facts

• 5,201 sq ft lot
• Built 1930
• Listed 170 days

Property features AI

Finance

• Other: Homestead: Yes
• Financial info: Sold/offered as-is condition; Assumable loan: No
• HOA & community: No mandatory association dues

Exterior

• Utilities: Cable available; Electricity available; Natural gas available; High-speed internet available; Public utilities
• Home design: Single-family residence; One story; Existing construction; Terrace Add (legal addition)
• Construction: Composition roof; Other construction materials; Built on a conventional foundation
• Exterior features: No notable exterior features listed; Lot described as 'Other'

Interior

• Kitchen: Free-standing range (gas)
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Zoned gas heating; Window cooling units
• Interior features: Two living areas; No fireplace; Existing property (one-level)
• Laundry & utility: Conventional foundation

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $538 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($847 rent vs $20k).
• Recommended offer: $18k (12.0% below list) — sets the bar for market timing.
• Cap rate 37.8% vs local median 4.8% in Seminole — 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 (#222 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: crime D+, amenities F, commute F.
• Seminole (town): math 17% / reading 21% proficiency, ranked #193 of 270 in OK (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Wilson Es (math 27% / reading 22%, grade F, #354 of 845 statewide, top 47%, 499 students, 0% FRL); Seminole Hs (math 17% / reading 27%, grade F, #222 of 447 statewide, top 52%, 451 students, 0% FRL) — zoned schools average 0% FRL vs 63% district-wide (63 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 136 active listings in the ZIP; 93 units permitted in Seminole County in 2024 (43 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($142 loan paydown + $2k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 171 days — a 12% lower offer ($18k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 15y 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 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe 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 $18,040 (12.0% below list)

Questions for the listing agent

1. It's been on market 171 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 1930 — 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 D 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: 4.13% ✓
• Cap rate: 37.78%
• Cash-on-cash: 112.46%
• DSCR: 6.00
• GRM: 2.0

CMA / ARV

• ARV (on-the-fly): $36,960
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
306 N 8th St	0.10mi	3/1.0 (+1)	968 (+10%)	7mo	$20,500	$21	68
313 E St	0.64mi	2/1.0	952 (+8%)	13mo	$40,000	$42	46
623 E St	0.66mi	2/1.0	992 (+13%)	3mo	$60,000	$60	46

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.92×
• Total profit: $45,433
• Equity at exit: $18,468

10-year hold

• IRR: —
• Equity multiple: 19.62×
• Total profit: $106,862
• Equity at exit: $39,827

Cash invested: $5,740 (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 74868

• Home prices YoY: 6.4%
• Active inventory: 136
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $847 medium
• Mortgage (P&I): −$108
• Tax from tax record: −$16 /mo · $186/yr
• Insurance: −$9
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $538

Break-even live

Break-even rent $167

Max offer price $20,500

Occupancy floor 32%

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: $5,125
• Closing costs: $615
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $20,500 Active 171 DOM
2. 2026-06-17
   days on market $20,500 Active 170 DOM
3. 2026-06-16
   days on market $20,500 Active 169 DOM
4. 2026-06-15
   days on market $20,500 Active 168 DOM
5. 2026-06-13
   days on market $20,500 Active 166 DOM
6. 2026-06-12
   days on market $20,500 Active 165 DOM
7. 2026-06-09
   days on market $20,500 Active 162 DOM
8. 2026-06-08
   days on market $20,500 Active 161 DOM
9. 2026-06-08
   days on market $20,500 Active 160 DOM
10. 2026-06-07
    days on market $20,500 Active 159 DOM
11. 2026-06-04
    days on market $20,500 Active 156 DOM
12. 2026-06-02
    days on market $20,500 Active 155 DOM
13. 2026-06-01
    days on market $20,500 Active 154 DOM
14. 2026-05-31
    days on market $20,500 Active 153 DOM
15. 2025-12-29
    listed $20,500 Active
16. 2025-08-31
    historical
17. 2025-04-17
    status Active
18. 2025-04-09
    status Active
19. 2025-02-24
    listed $20,500 Active
20. 2012-07-03
    soldstatus $76,500
21. 2012-07-02
    soldstatus $60,000
22. 2011-09-29
    listed $8,000

ⓘ 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: $186 · $16/mo
• Projected year-2 tax: $186 · $16/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 10/10 Extreme
• 🌡 Heat 5/10 Major 7 d/yr ≥112°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,169
• − Mortgage interest: −$1,148
• − Property taxes: −$186
• − Insurance: −$102
• − Repairs & maintenance: −$814
• − Management: −$814
• − Depreciation: −$596
• Taxable income: $6,509
• Est. tax owed @ 24.0%: −$1,562
• After-tax cash flow: $4,893/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: Seminole
• NCES district ID: 4027300
• Math proficiency: 17% ▼ -10.00%
• Reading proficiency: 21% ▼ -5.00%
• Median HH income: $33,661
• Composite: 15.51/100
• National rank: #9304
• State rank: #193 of 270 in OK

Livability — Seminole

• Score: 63/100
• State rank: #222
• US rank: #15706

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Seminole, OK
• Population (ZIP): 12,451

Population outlook (Seminole County) Hauer SSP2

• Today (2025): 25,628 people
• By 2030: 25,617 · +-0.0%
• By 2040: 25,619 · +-0.0%
• By 2050: 25,726 · +0.4%
• By 2075: 26,261 · +2.5%
• By 2100: 25,844 · +0.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 65% Native American 19% Two or more races 10% Hispanic / Latino 5% Black 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Iranian 1% Italian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Seminole

• 2024 margin: Solid R (+49.7) · D 24.2% · R 74.0% · Other 1.8%
• 2008→2024 swing: -19.1pp toward R · 2008: -30.6pp · 2024: -49.7pp
• All cycles: 2024: R+49.7 2020: R+46.3 2016: R+44.1 2012: R+30.3 2008: R+30.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 15.39%
• Current HPI: 255.6657
• 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

+156.2% since first listed

8 events — show timeline

• 2025-12-29 Listed $20,500 MLSOK
• 2025-08-31 Listing Removed — MLSOK
• 2025-04-17 Relisted — MLSOK
• 2025-04-09 Relisted — MLSOK
• 2025-02-24 Listed $20,500 MLSOK
• 2012-07-03 Sold (Public Records) $76,500 Public Records
• 2012-07-02 Sold (MLS) $60,000 MLSOK
• 2011-09-29 Listed $8,000 MLSOK

Property tax history

+3.4%/yr

Latest (2025): $186 · +6.3% YoY. Source: county tax records.