1002 E Thompson Ave · Sapulpa, OK 74066

$139,950

3 bd · 2.0 ba · 1,529 sqft · SingleFamily public records · 25 Days on market

Built 1941 7,501 sqft lot Est $220k · 36% under

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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 +23.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +5.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS PROPERTY MAY BE SOLD SEPARATELY OR WITH 1004 E. THOMPSON. 'AS-IS' NO REPAIRS BY SELLER.

Key facts

• Built-in safe room
• Convenient location
• 7,501 sq ft lot

Tags

• CONVENIENT LOCATION
• DOUBLE-PANE INSULATED WINDOWS
• BUILT-IN SAFE ROOM
• LARGE ENCLOSED FRONT PORCH
• MULTIPLE WORKSHOP AREAS
• ADDITIONAL STORAGE BUILDINGS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $259 ($3k/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 $140k (0.2% below list).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 2.8% in Sapulpa — 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 67/100 on livability (#88 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools F, amenities F, commute F.
• Sapulpa (suburban): math 23% / reading 24% proficiency, ranked #129 of 270 in OK (top 48%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 196 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 193 units permitted in Creek County in 2024 (76 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 $115k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1941 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,850 (1.5% below list)

Questions for the listing agent

1. Built in 1941 — 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. 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.
5. 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.
6. 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: 1.00% ✗
• Cap rate: 8.51%
• Cash-on-cash: 7.93%
• DSCR: 1.35
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $220,176
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1002 E Thompson Ave	0.00mi	3/1.5	1,529 (0%)	1mo	$144,500	$95	97
1024 E Lee Ave	0.09mi	2/2.0 (-1)	1,540 (+1%)	0mo	$233,000	$151	90
204 S Birch St	0.16mi	3/1.0	1,454 (-5%)	2mo	$160,000	$110	78
640 E Line Ave	0.48mi	4/2.5 (+1)	1,577 (+3%)	0mo	$265,000	$168	65
207 S Walnut St	0.36mi	3/1.5	1,376 (-10%)	2mo	$188,000	$137	63
1002 E Line Ave	0.43mi	2/1.0 (-1)	1,420 (-7%)	1mo	$85,000	$60	58
618 S Oak St	0.58mi	2/1.0 (-1)	1,490 (-3%)	2mo	$174,000	$117	58
1201 E Cleveland Ave	0.38mi	3/1.0	1,364 (-11%)	3mo	$103,000	$76	58
618 S Walnut St	0.52mi	3/2.0	1,343 (-12%)	3mo	$193,000	$144	53
1532 E Grayson Ave	0.57mi	4/2.5 (+1)	1,658 (+8%)	0mo	$309,900	$187	52
217 E Bryan Ave	0.59mi	3/2.0	1,332 (-13%)	0mo	$215,000	$161	51
1506 University Cir	0.65mi	3/2.0	1,727 (+13%)	2mo	$307,500	$178	47

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-6,249
• Equity at exit: $20,867

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $15,563
• Equity at exit: $12,100

Cash invested: $39,186 (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 74066

• Home prices YoY: -26.3%
• Active inventory: 196
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,397 high
• Mortgage (P&I): −$734
• Tax from tax record: −$52 /mo · $629/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $259

Break-even live

Break-even rent $1,069

Max offer price $139,950

Occupancy floor 76%

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: $34,988
• Closing costs: $4,198
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
925 E Thompson Ave Sapulpa, OK	3.0	1.0	1416	$1,450	$1.02	10d	1	0.02mi
925 E Thompson Ave Sapulpa, OK	3.0	1.0	1416	$1,450	$1.02	2d	1	0.02mi
405 S Maple St Unit F Sapulpa, OK	2.0	1.0	1280	$955	$0.75	2d	1	0.32mi
405 S Maple St Unit F Sapulpa, OK	2.0	1.0	1280	$955	$0.75	16d	1	0.32mi
310 N Division St Sapulpa, OK	3.0	2.0	1237	$1,300	$1.05	16d	1	0.45mi
726 S Apple St Sapulpa, OK	4.0	2.0	1693	$1,750	$1.03	19d	1	0.62mi
919 S Mission St Sapulpa, OK	2.0–3.0	1.0–2.0	950	$1,125	$1.18	2d	2	0.67mi
418 S Water St Sapulpa, OK	3.0	1.0	1166	$1,300	$1.11	10d	1	0.71mi

Listing history 11 events

1. 2026-04-13
   status Pending
2. 2026-03-19
   listed $139,950 Active
3. 2026-03-06
   historical
4. 2026-02-27
   status Active
5. 2026-02-15
   status Pending
6. 2026-02-06
   listed $149,900 Active
7. 2025-11-25
   soldstatus $115,000
8. 2008-04-07
   soldstatus $69,000
9. 2008-04-04
   soldstatus $69,000 92-char remark

   Show marketing remark (92 chars)

   THIS PROPERTY MAY BE SOLD SEPARATELY OR WITH 1004 E. THOMPSON. 'AS-IS' NO REPAIRS BY SELLER.

10. 2008-03-11
    historical 92-char remark

    Show marketing remark (92 chars)

    THIS PROPERTY MAY BE SOLD SEPARATELY OR WITH 1004 E. THOMPSON. 'AS-IS' NO REPAIRS BY SELLER.

11. 2007-12-07
    listed $70,000 92-char remark

    Show marketing remark (92 chars)

    THIS PROPERTY MAY BE SOLD SEPARATELY OR WITH 1004 E. THOMPSON. 'AS-IS' NO REPAIRS BY SELLER.

ⓘ 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: $629 · $52/mo
• Projected year-2 tax: $1,260 · $105/mo
• Expected delta: +$631/yr (+$53/mo · 100.2%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥112°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,761
• − Mortgage interest: −$7,839
• − Property taxes: −$629
• − Insurance: −$700
• − Repairs & maintenance: −$1,341
• − Management: −$1,341
• − Depreciation: −$4,071
• Taxable income: $840
• Est. tax owed @ 24.0%: −$202
• After-tax cash flow: $2,904/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: Sapulpa
• NCES district ID: 4026910
• Math proficiency: 23% ▼ -12.00%
• Reading proficiency: 24% ▼ -12.00%
• Median HH income: $44,536
• Composite: 20.29/100
• National rank: #8616
• State rank: #129 of 270 in OK

Livability — Sapulpa

• Score: 67/100
• State rank: #88
• US rank: #10676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sapulpa, OK
• County: Creek County · 32,292 people
• City population: 32,292
• Metro: Tulsa, OK
• Population (ZIP): 32,292
• Household income: $64,698
• Rent vs Own: 26.9% rent · 73.1% own
• Severe rent burden: 716.0

Population outlook (Creek County) Hauer SSP2

• Today (2025): 72,706 people
• By 2030: 73,032 · +0.4%
• By 2040: 72,788 · +0.1%
• By 2050: 71,558 · -1.6%
• By 2075: 69,248 · -4.8%
• By 2100: 62,722 · -13.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Native American 12% Two or more races 9% Hispanic / Latino 6% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Creek

• 2024 margin: Solid R (+55.7) · D 21.2% · R 77.0% · Other 1.8%
• 2008→2024 swing: -14.1pp toward R · 2008: -41.6pp · 2024: -55.7pp
• All cycles: 2024: R+55.7 2020: R+54.8 2016: R+54.5 2012: R+45.4 2008: R+41.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -89.18%
• Current HPI: 250.2859
• Rent YoY: —
• Metro: Tulsa, 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

+99.9% since first listed

11 events — show timeline

• 2026-04-13 Pending — MLS Technology, Inc.
• 2026-03-19 Listed $139,950 MLS Technology, Inc.
• 2026-03-06 Listing Removed — MLS Technology, Inc.
• 2026-02-27 Relisted — MLS Technology, Inc.
• 2026-02-15 Pending — MLS Technology, Inc.
• 2026-02-06 Listed $149,900 MLS Technology, Inc.
• 2025-11-25 Sold (Public Records) $115,000 Public Records
• 2008-04-07 Sold (Public Records) $69,000 Public Records
• 2008-04-04 Sold (MLS) $69,000 MLS Technology, Inc.
• 2008-03-11 Listing Removed — MLS Technology, Inc.
• 2007-12-07 Listed $70,000 MLS Technology, Inc.

Property tax history

-1.8%/yr

Latest (2025): $629 · +1.5% YoY. Source: county tax records.