204 S Beaver St · Gage, OK 73843

$67,900

2 bd · 1.0 ba · 1,088 sqft · SingleFamily public records · 763 Days on market

Built 1920 0.57 ac lot Est $81k · 16% 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 +14.5/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Appreciation +7.4/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks

This quaint 2 bedroom home sits on a nice corner lot with lots of yard space for your kids, grandkids or 4-legged kids!

Key facts

• 0.57 acre lot
• Garage
• Built 1920

Property features AI

Exterior

• Parking: 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Single-story; Faces west
• Construction: Composition roof
• Exterior features: Chain link fencing; Shed on the property; Corner lot

Interior

• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air; Ceiling fan(s)
• Interior features: Window coverings; Laminate flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $323 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($964 rent vs $68k).
• Recommended offer: $60k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 57/100 on livability (#458 in OK) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: health & safety C-, schools F, crime F.
• Fargo (rural): math 25% / reading 25% proficiency, ranked #320 of 513 in OK (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 7 active listings in the ZIP.

Forward outlook

• In year one you build about $4k of equity ($469 loan paydown + $3k appreciation (4.7% local appreciation)).
• Ellis County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (4.7% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 763 days — a 12% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y 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 $34k; list at $68k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $59,752 (12.0% below list)

Questions for the listing agent

1. It's been on market 763 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 1920 — 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 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: 1.42% ✓
• Cap rate: 12.01%
• Cash-on-cash: 20.41%
• DSCR: 1.91
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $80,512
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
300 N Main	0.21mi	2/1.0	1,184 (+9%)	12mo	$37,000	$31	65
704 W Cedar St	0.52mi	2/1.0	1,008 (-7%)	13mo	$75,000	$74	53

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

Projected returns pro-forma

4.72% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.1%
• Equity multiple: 2.85×
• Total profit: $35,158
• Equity at exit: $37,324

10-year hold

• IRR: 29.0%
• Equity multiple: 5.68×
• Total profit: $89,009
• Equity at exit: $63,482

Cash invested: $19,012 (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 73843

• Home prices YoY: 3.5%
• Active inventory: 7
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $964 medium
• Mortgage (P&I): −$356
• Tax from tax record: −$54 /mo · $648/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $323

Break-even live

Break-even rent $555

Max offer price $67,900

Occupancy floor 61%

Sensitivity live

Price	-10% $362	-5% $343	+0% $323	+5% $304	+10% $285
Rent	-10% $247	-5% $285	+0% $323	+5% $361	+10% $400
Rate	-1.0pp $358	-0.5pp $341	base $323	+0.5pp $306	+1.0pp $288

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: $16,975
• Closing costs: $2,037
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $67,900 Active 763 DOM
2. 2026-06-18
   days on market $67,900 Active 761 DOM
3. 2026-06-17
   days on market $67,900 Active 760 DOM
4. 2026-06-16
   days on market $67,900 Active 759 DOM
5. 2026-06-15
   days on market $67,900 Active 758 DOM
6. 2026-06-13
   days on market $67,900 Active 756 DOM
7. 2026-06-12
   days on market $67,900 Active 755 DOM
8. 2026-06-09
   days on market $67,900 Active 752 DOM
9. 2026-06-08
   days on market $67,900 Active 751 DOM
10. 2026-06-08
    days on market $67,900 Active 750 DOM
11. 2026-06-05
    days on market $67,900 Active 748 DOM
12. 2026-06-04
    days on market $67,900 Active 746 DOM
13. 2026-06-02
    days on market $67,900 Active 745 DOM
14. 2026-06-01
    days on market $67,900 Active 744 DOM
15. 2026-05-31
    days on market $67,900 Active 743 DOM
16. 2026-04-06
    price $67,900
17. 2026-02-09
    status Active
18. 2025-10-03
    status Active
19. 2025-09-18
    historical Active Under Contract
20. 2025-08-10
    status Active
21. 2025-08-05
    historical
22. 2025-02-05
    status Active
23. 2025-02-04
    historical
24. 2024-08-02
    status Active
25. 2024-08-02
    historical
26. 2019-05-28
    listed $69,950 Active
27. 2016-07-01
    soldstatus $34,100

ⓘ 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: $648 · $54/mo
• Projected year-2 tax: $648 · $54/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 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $11,571
• − Mortgage interest: −$3,803
• − Property taxes: −$648
• − Insurance: −$340
• − Repairs & maintenance: −$926
• − Management: −$926
• − Depreciation: −$1,975
• Taxable income: $2,953
• Est. tax owed @ 24.0%: −$709
• After-tax cash flow: $3,172/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: Fargo
• NCES district ID: 4011430
• Math proficiency: 25% ▼ -20.00%
• Reading proficiency: 25% ▼ -15.00%
• Median HH income: $51,652
• Composite: 25.25/100
• National rank: #12909
• State rank: #320 of 513 in OK

Livability — Gage

• Score: 57/100
• State rank: #458
• US rank: #21665

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gage, OK
• Population (ZIP): 896

Population outlook (Ellis County) Hauer SSP2

• Today (2025): 4,446 people
• By 2030: 4,549 · +2.3%
• By 2040: 4,757 · +7.0%
• By 2050: 4,978 · +12.0%
• By 2075: 5,455 · +22.7%
• By 2100: 5,346 · +20.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 10% Hispanic / Latino 2%
• Common ancestry: Slovak 4% European 2% Italian 2%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Ellis

• 2024 margin: Solid R (+76.6) · D 10.9% · R 87.5% · Other 1.7%
• 2008→2024 swing: -6.1pp toward R · 2008: -70.5pp · 2024: -76.6pp
• All cycles: 2024: R+76.6 2020: R+81.5 2016: R+79.7 2012: R+74.9 2008: R+70.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.72%
• Current HPI: 138.5346
• 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

+99.1% since first listed

12 events — show timeline

• 2026-04-06 Price Changed $67,900 NWOAR
• 2026-02-09 Relisted — NWOAR
• 2025-10-03 Relisted — NWOAR
• 2025-09-18 Contingent — NWOAR
• 2025-08-10 Relisted — NWOAR
• 2025-08-05 Delisted — NWOAR
• 2025-02-05 Relisted — NWOAR
• 2025-02-04 Delisted — NWOAR
• 2024-08-02 Relisted — NWOAR
• 2024-08-02 Delisted — NWOAR
• 2019-05-28 Listed $69,950 NWOAR
• 2016-07-01 Sold (Public Records) $34,100 Public Records

Property tax history

+2.6%/yr

Latest (2022): $648 · +2.2% YoY. Source: county tax records.