3633 NW 24th St · Oklahoma City, OK 73107

$100,000

3 bd · 1.0 ba · 1,278 sqft · SingleFamily public records · 29 Days on market

Built 1941 6,752 sqft lot Est $169k · 41% under

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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 +29.5/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Rent growth +4.3/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment, property is located close to everything from hospitals, dinning, shopping, and easy access to Major highways. Currently leased up to June 2016 for $645/month.

Key facts

• Green spaces
• Functional layout
• Refreshed kitchen

Tags

• FUNCTIONAL LAYOUT
• REFRESHED KITCHEN
• UPDATED BATHROOM
• REIMAGINED FLOOR PLAN
• GREEN SPACES

Property features AI

Finance

• Other: Living area reported as 1,278 (assessor); Property located in Ridgecrest Addition; Not occupied; listed as active
• Financial info: Sold as-is; financing options include cash and conventional; Not assumable
• HOA & community: No mandatory association dues

Exterior

• Parking: 1-car garage
• Utilities: Homestead exempt
• Home design: Single family residence; One-story; Faces south; Existing property
• Construction: Frame and masonry veneer construction; Composition roof; Slab foundation; Built (existing)
• Exterior features: Covered porch; Interior lot

Interior

• Bedrooms: 3 bedrooms (all on one level)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central cooling (gas)
• Interior features: One living area; No fireplace

🏷️ Possibly a rental listed for sale. The $100,000 price doesn't fit this home's estimated sale value (~$168,696) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $358 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 3.7% in Oklahoma City — 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 80/100 on livability (#3 in OK, #1,635 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Oklahoma City (urban): math 7% / reading 10% proficiency, ranked #254 of 270 in OK (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Kaiser Es (math 8% / reading 8%, grade F, #741 of 845 statewide, top 89%, 530 students, 0% FRL); Northwest Classen Hs (math 5% / reading 10%, grade F, #420 of 447 statewide, top 95%, 1,702 students, 0% FRL) — zoned schools average 0% FRL vs 82% district-wide (82 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+7.3%/yr); 216 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Oklahoma County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 7.3% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 20y 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 $56k; list at $100k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1941 — 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 $98,500 (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. 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?
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: 1.30% ✓
• Cap rate: 10.59%
• Cash-on-cash: 15.36%
• DSCR: 1.68
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $168,696
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3633 NW 24th St	0.00mi	3/1.0	1,278 (0%)	1mo	$80,000	$63	99
3616 NW 27th St	0.16mi	3/1.5	1,198 (-6%)	0mo	$116,000	$97	80
3601 NW 20th St	0.28mi	3/2.0	1,251 (-2%)	1mo	$238,876	$191	79
3709 NW 25th St	0.10mi	3/2.0	1,443 (+13%)	1mo	$189,000	$131	69
3725 NW 18th St	0.43mi	2/1.0 (-1)	1,326 (+4%)	0mo	$175,000	$132	68
3521 NW 16th St	0.57mi	3/2.0	1,216 (-5%)	1mo	$161,000	$132	61
3945 NW 28th St	0.46mi	3/1.0	1,464 (+15%)	1mo	$185,000	$126	53
3337 NW 29th St	0.52mi	3/1.5	1,460 (+14%)	1mo	$130,000	$89	49
3217 NW 29th St	0.65mi	3/2.0	1,150 (-10%)	2mo	$170,000	$148	47
4013 NW 31st St	0.70mi	3/1.0	1,101 (-14%)	2mo	$130,000	$118	43
3213 NW 22nd St	0.56mi	2/2.0 (-1)	1,447 (+13%)	1mo	$285,000	$197	42
3251 Otterson Dr	0.67mi	2/1.0 (-1)	1,089 (-15%)	1mo	$150,000	$138	38

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 · 7.29% rent growth · sell at horizon

5-year hold

• IRR: 10.7%
• Equity multiple: 1.45×
• Total profit: $12,472
• Equity at exit: $14,910

10-year hold

• IRR: 23.0%
• Equity multiple: 3.37×
• Total profit: $66,487
• Equity at exit: $8,646

Cash invested: $28,000 (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 73107

• Rents YoY: 7.3%
• Active inventory: 216
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,298 high
• Mortgage (P&I): −$524
• Tax from tax record: −$101 /mo · $1,216/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $358

Break-even live

Break-even rent $845

Max offer price $100,000

Occupancy floor 67%

Sensitivity live

Price	-10% $415	-5% $387	+0% $358	+5% $330	+10% $302
Rent	-10% $256	-5% $307	+0% $358	+5% $410	+10% $461
Rate	-1.0pp $409	-0.5pp $384	base $358	+0.5pp $332	+1.0pp $306

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3701 NW 24th St Oklahoma City, OK	3.0	2.0	1404	$1,299	$0.93	44d	1	0.05mi
3829 NW 26th St Oklahoma City, OK	2.0	1.0	895	$1,125	$1.26	3d	1	0.28mi
3905 NW 23rd St Oklahoma City, OK	2.0	1.5	1044	$1,100	$1.05	17d	1	0.29mi
3800 NW 19th St Oklahoma City, OK	3.0	1.0	1073	$1,250	$1.16	24d	1	0.38mi
3629 NW 18th St Oklahoma City, OK	4.0	2.0	1176	$1,800	$1.53	44d	1	0.39mi
3625 NW 18th St Oklahoma City, OK	3.0	2.0	1040	$1,500	$1.44	44d	1	0.39mi
3175 N Portland Ave Oklahoma City, OK	1.0–2.0	1.0–2.0	809	$960	$1.19	16d	3	0.51mi
3175 N Portland Ave Oklahoma City, OK	2.0	2.0	918	$960	$1.05	24d	1	0.51mi
3929 NW 18th St Oklahoma City, OK	4.0	1.5	1347	$1,200	$0.89	2d	1	0.51mi
4036 NW 30th Ter Oklahoma City, OK	3.0	2.0	1675	$1,500	$0.90	24d	1	0.54mi
3228 NW 27th St Oklahoma City, OK	2.0	1.0	1088	$1,195	$1.10	12d	1	0.56mi
3733 NW 15th St Oklahoma City, OK	3.0	1.0	995	$1,150	$1.16	24d	1	0.61mi
3145 NW 21st St Oklahoma City, OK	3.0	2.0	1728	$1,600	$0.93	3d	1	0.63mi
3109 NW 23rd St Oklahoma City, OK	2.0	1.0	1006	$925	$0.92	44d	1	0.70mi
3609 NW 13th St Oklahoma City, OK	2.0	1.5	1042	$1,250	$1.20	3d	1	0.73mi
3912 NW 32nd St Oklahoma City, OK	2.0	1.0	894	$1,099	$1.23	44d	1	0.75mi
2112 N Drexel Blvd Oklahoma City, OK	4.0	2.0	1443	$1,695	$1.17	44d	1	0.79mi
3929 NW 32nd St Oklahoma City, OK	3.0	1.0	1050	$1,300	$1.24	44d	1	0.79mi
3044 NW 28th St Oklahoma City, OK	3.0	1.0	1030	$1,150	$1.12	3d	1	0.80mi
3112 Cashion Pl Oklahoma City, OK	3.0	1.0	968	$1,150	$1.19	11d	1	0.84mi
3000 NW 27th St Oklahoma City, OK	2.0	1.0	967	$1,095	$1.13	4d	1	0.86mi
3000 NW 27th St Oklahoma City, OK	2.0	1.0	967	$1,095	$1.13	12d	1	0.86mi
1233 1/2 N Grand Blvd Oklahoma City, OK	2.0	1.0	950	$925	$0.97	24d	1	0.87mi
3141 NW 32nd St Oklahoma City, OK	2.0	1.0	1010	$1,025	$1.01	22d	1	0.88mi
3003 NW 20th St Oklahoma City, OK	2.0	1.0	909	$999	$1.10	44d	1	0.89mi
2935 NW 20th St Oklahoma City, OK	4.0	2.0	1622	$1,175	$0.72	44d	1	0.91mi
2937 Pioneer St Oklahoma City, OK	4.0	2.5	1479	$1,575	$1.06	24d	1	0.92mi
3411 Cameron Ct Oklahoma City, OK	2.0	2.0	1409	$1,300	$0.92	24d	1	0.94mi
3411 Cameron Ct Oklahoma City, OK	2.0	2.0	1409	$1,300	$0.92	44d	1	0.94mi
2626 N Meridian Ave Oklahoma City, OK	1.0–2.0	1.0–2.0	1040	$845	$0.81	4d	1	0.99mi
3608 N Independence Ave Oklahoma City, OK	3.0	2.0	1597	$1,600	$1.00	24d	1	1.01mi
1414 N Drexel Blvd Oklahoma City, OK	2.0	1.0	1604	$1,100	$0.69	2d	1	1.03mi
3024 NW 14th St Oklahoma City, OK	2.0	1.0	924	$895	$0.97	16d	1	1.05mi
2808 NW 24th St Unit A Oklahoma City, OK	3.0	1.5	1604	$1,595	$0.99	3d	1	1.07mi
1041 N Tabor Ave Oklahoma City, OK	3.0	1.0	1200	$1,050	$0.88	24d	1	1.08mi
4128 NW 36th St Unit 4 Oklahoma City, OK	2.0	1.5	1130	$1,125	$1.00	24d	1	1.09mi
3021 NW 13th St Oklahoma City, OK	3.0	1.0	1072	$995	$0.93	24d	1	1.09mi
3609 N Drexel Blvd Unit 3611 Oklahoma City, OK	2.0	2.0	1375	$1,200	$0.87	24d	1	1.09mi
3611 N Drexel Blvd Oklahoma City, OK	2.0	2.0	1375	$1,200	$0.87	24d	1	1.09mi
3617 1/2 N Drexel Blvd Oklahoma City, OK	2.0	1.5	1343	$1,150	$0.86	2d	1	1.11mi

Listing history 18 events

1. 2026-04-28
   status Pending
2. 2026-03-30
   listed $100,000 Active
3. 2015-11-05
   soldstatus $55,500 Sold 176-char remark

   Show marketing remark (176 chars)

   Great Investment, property is located close to everything from hospitals, dinning, shopping, and easy access to Major highways. Currently leased up to June 2016 for $645/month.

4. 2015-10-21
   status Pending 176-char remark

   Show marketing remark (176 chars)

   Great Investment, property is located close to everything from hospitals, dinning, shopping, and easy access to Major highways. Currently leased up to June 2016 for $645/month.

5. 2015-05-01
   status Active 176-char remark

   Show marketing remark (176 chars)

   Great Investment, property is located close to everything from hospitals, dinning, shopping, and easy access to Major highways. Currently leased up to June 2016 for $645/month.

6. 2015-05-01
   historical 176-char remark

   Show marketing remark (176 chars)

   Great Investment, property is located close to everything from hospitals, dinning, shopping, and easy access to Major highways. Currently leased up to June 2016 for $645/month.

7. 2015-04-02
   listed $57,000 Active 176-char remark

   Show marketing remark (176 chars)

   Great Investment, property is located close to everything from hospitals, dinning, shopping, and easy access to Major highways. Currently leased up to June 2016 for $645/month.

8. 2014-08-20
   historical
9. 2013-03-18
   listed $56,900
10. 2012-07-26
    historical
11. 2012-02-13
    listed $62,999
12. 2011-12-26
    historical
13. 2010-08-12
    listed $68,999
14. 2009-07-07
    historical
15. 2009-01-06
    listed $75,000
16. 2006-08-08
    soldstatus $64,000
17. 2006-04-19
    historical
18. 2006-02-27
    listed $74,200

ⓘ 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: $1,216 · $101/mo
• Projected year-2 tax: $1,216 · $101/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,582
• − Mortgage interest: −$5,602
• − Property taxes: −$1,216
• − Insurance: −$500
• − Repairs & maintenance: −$1,247
• − Management: −$1,247
• − Depreciation: −$2,909
• Taxable income: $2,862
• Est. tax owed @ 24.0%: −$687
• After-tax cash flow: $3,614/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: Oklahoma City
• NCES district ID: 4022770
• Math proficiency: 7% ▼ -5.00%
• Reading proficiency: 10% ▼ -6.00%
• Median HH income: $35,606
• Composite: 7.0/100
• National rank: #9970
• State rank: #254 of 270 in OK

Livability — Oklahoma City

• Score: 80/100
• State rank: #3
• US rank: #1635

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oklahoma City, OK
• County: Oklahoma County · 771,644 people
• City population: 498,656
• Metro: Oklahoma City, OK
• Population (ZIP): 25,791
• Household income: $56,873
• Rent vs Own: 45.5% rent · 54.5% own
• Severe rent burden: 1210.0

Population outlook (Oklahoma County) Hauer SSP2

• Today (2025): 911,875 people
• By 2030: 982,413 · +7.7%
• By 2040: 1,130,468 · +24.0%
• By 2050: 1,288,422 · +41.3%
• By 2075: 1,711,482 · +87.7%
• By 2100: 2,088,448 · +129.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 47% Hispanic / Latino 37% Two or more races 13% Native American 6% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 22%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 19% · Canada, Vietnam
• Languages at home: 67% English-only · Spanish 30% Vietnamese 1%

Political lean MEDSL · Oklahoma

• 2024 margin: Toss-up / Even · D 48.0% · R 49.7% · Other 2.3%
• 2008→2024 swing: +15.1pp toward D · 2008: -16.8pp · 2024: -1.7pp
• All cycles: 2024: R+1.7 2020: R+1.1 2016: R+10.5 2012: R+16.7 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -245.03%
• Current HPI: 274.7844
• Rent YoY: ▲ 7.29%
• Metro: Oklahoma City, 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

+34.8% since first listed

18 events — show timeline

• 2026-04-28 Pending — MLSOK
• 2026-03-30 Listed $100,000 MLSOK
• 2015-11-05 Sold (MLS) $55,500 MLSOK
• 2015-10-21 Pending — MLSOK
• 2015-05-01 Relisted — MLSOK
• 2015-05-01 Listing Removed — MLSOK
• 2015-04-02 Listed $57,000 MLSOK
• 2014-08-20 Listing Removed — MLSOK
• 2013-03-18 Listed $56,900 MLSOK
• 2012-07-26 Listing Removed — MLSOK
• 2012-02-13 Listed $62,999 MLSOK
• 2011-12-26 Listing Removed — MLSOK
• 2010-08-12 Listed $68,999 MLSOK
• 2009-07-07 Listing Removed — MLSOK
• 2009-01-06 Listed $75,000 MLSOK
• 2006-08-08 Sold (Public Records) $64,000 Public Records
• 2006-04-19 Listing Removed — MLSOK
• 2006-02-27 Listed $74,200 MLSOK

Property tax history

+4.0%/yr

Latest (2025): $1,216 · +4.2% YoY. Source: county tax records.