605 N Lowe St · Hobart, OK 73651

$72,500

2 bd · 1.0 ba · 815 sqft · SingleFamily public records · 18 Days on market

Built 1950 7,000 sqft lot Est $88k · 18% 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +6.9/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks

Welcome home to this well-maintained and handicap-accessible 2-bedroom, 1-bath home offering approximately 900 square feet of comfortable living space on a spacious 7,000-square-foot lot. Large front windows fill the home with natural light, highlighting the beautiful hardwood floors and inviting interior. The kitchen comes fully equipped with all new stainless steel appliances that remain with the property. Additional features include central heat and air, a shower/tub combination, a single-car garage, and fresh exterior paint for added curb appeal. Enjoy the large backyard with plenty of space for outdoor activities, gardening, or relaxing. Conveniently located near medical facilities, do

Key facts

• Central heat and air
• Large backyard
• Large front windows

Tags

• LARGE FRONT WINDOWS
• HARDWOOD FLOORS
• STAINLESS STEEL APPLIANCES
• CENTRAL HEAT AND AIR
• LARGE BACKYARD
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Property is existing (not new build); Homestead: No
• Financial info: Assumable loan: No; Loan qualification: Unknown
• HOA & community: No mandatory association dues

Exterior

• Parking: 1-car garage
• Home design: Single family residence; One-level home; Residential property
• Construction: Frame construction; Composition roof; Combination foundation
• Exterior features: Interior lot

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating
• Interior features: One living area; No fireplace; No study

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($864 rent vs $72k).
• Recommended offer: $71k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 53/100 on livability (#627 in OK) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: crime D+, amenities F, commute F.
• Hobart (town): math 23% / reading 28% proficiency, ranked #110 of 270 in OK (top 41%) — 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: Hobart Es (math 32% / reading 27%, grade F, #255 of 845 statewide, top 35%, 366 students, 0% FRL); Hobart Hs (math 5% / reading 24%, grade F, #332 of 447 statewide, top 78%, 197 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: 54 active listings in the ZIP.

Forward outlook

• In year one you build about $8k of equity ($501 loan paydown + $7k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($71k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $20k; list at $72k implies a 262% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $71,412 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.19% ✓
• Cap rate: 10.41%
• Cash-on-cash: 14.69%
• DSCR: 1.65
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $88,020
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
720 W Iris	0.41mi	2/1.0	886 (+9%)	12mo	$48,500	$55	57
315 N Main St	0.45mi	2/1.0	896 (+10%)	9mo	$96,500	$108	55

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: 35.1%
• Equity multiple: 3.72×
• Total profit: $55,285
• Equity at exit: $65,314

10-year hold

• IRR: 30.2%
• Equity multiple: 8.40×
• Total profit: $150,303
• Equity at exit: $140,852

Cash invested: $20,300 (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 73651

• Home prices YoY: 8.0%
• Active inventory: 54
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $864 medium
• Mortgage (P&I): −$380
• Tax from tax record: −$24 /mo · $284/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$181
• Net cashflow: $249

Break-even live

Break-even rent $549

Max offer price $72,500

Occupancy floor 66%

Sensitivity live

Price	-10% $290	-5% $269	+0% $249	+5% $228	+10% $207
Rent	-10% $180	-5% $214	+0% $249	+5% $283	+10% $317
Rate	-1.0pp $285	-0.5pp $267	base $249	+0.5pp $230	+1.0pp $211

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: $18,125
• Closing costs: $2,175
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-21
   days on market $72,500 Active 18 DOM
2. 2026-06-18
   days on market $72,500 Active 16 DOM
3. 2026-06-17
   days on market $72,500 Active 15 DOM
4. 2026-06-16
   days on market $72,500 Active 14 DOM
5. 2026-06-15
   days on market $72,500 Active 13 DOM
6. 2026-06-13
   days on market $72,500 Active 11 DOM
7. 2026-06-12
   days on market $72,500 Active 10 DOM
8. 2026-06-09
   days on market $72,500 Active 7 DOM
9. 2026-06-08
   days on market $72,500 Active 6 DOM
10. 2026-06-08
    days on market $72,500 Active 5 DOM
11. 2026-06-05
    days on market $72,500 Active 3 DOM
12. 2026-06-03
    remarks 699-char remark
13. 2026-06-03
    listed $72,500 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: $284 · $24/mo
• Projected year-2 tax: $652 · $54/mo
• Expected delta: +$368/yr (+$31/mo · 129.8%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major

Taxation est. · year 1

• Rental income: $10,368
• − Mortgage interest: −$4,061
• − Property taxes: −$284
• − Insurance: −$362
• − Repairs & maintenance: −$829
• − Management: −$829
• − Depreciation: −$2,109
• Taxable income: $1,893
• Est. tax owed @ 24.0%: −$454
• After-tax cash flow: $2,528/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: Hobart
• NCES district ID: 4014700
• Math proficiency: 23% ▼ -6.00%
• Reading proficiency: 28% ▼ -8.00%
• Median HH income: $36,779
• Composite: 21.2/100
• National rank: #8417
• State rank: #110 of 270 in OK

Livability — Hobart

• Score: 53/100
• State rank: #627
• US rank: #24677

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hobart, OK
• City population: 4,070
• Population (ZIP): 4,070

Population outlook (Kiowa County) Hauer SSP2

• Today (2025): 8,842 people
• By 2030: 8,733 · -1.2%
• By 2040: 8,641 · -2.3%
• By 2050: 8,758 · -1.0%
• By 2075: 9,894 · +11.9%
• By 2100: 11,194 · +26.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 10% Black 4% Native American 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Iranian 8% Italian 2% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 90% English-only · Spanish 10%

Political lean MEDSL · Kiowa

• 2024 margin: Solid R (+58.3) · D 20.1% · R 78.4% · Other 1.6%
• 2008→2024 swing: -23.5pp toward R · 2008: -34.8pp · 2024: -58.3pp
• All cycles: 2024: R+58.3 2020: R+57.6 2016: R+52.4 2012: R+35.4 2008: R+34.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 11.68%
• Current HPI: 158.6311
• 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

+262.5% since first listed

2 events — show timeline

• 2026-06-02 Listed $72,500 MLSOK
• 2013-01-24 Sold (Public Records) $20,000 Public Records

Property tax history

+0.8%/yr

Latest (2025): $284 · +1.4% YoY. Source: county tax records.