619 Elmwood Dr · Cleveland, OK 74020

$198,000

3 bd · 1.0 ba · 1,734 sqft · SingleFamily public records · 66 Days on market

Built 1969 10,465 sqft lot Est $192k · at est.

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Why this score? — see what drove the D+ 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 +15.2/30.0
• Appreciation +10.0/10.0
• ARV discount +6.2/15.0
• DSCR +4.6/10.0
• 1% rule +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

Key facts

• Remodeled
• Painted fireplace
• Large breakfast bar

Tags

• REMODELED
• BLACK ACCENTS
• PAINTED FIREPLACE
• LARGE BREAKFAST BAR
• GRANITE SUBWAY TILE WALL
• MARBLE TILE SHOWER

Property features AI

Exterior

• Security: No safety shelter
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; Phone available
• Home design: Single-story; Faces west; Slab foundation
• Construction: Built with brick, vinyl siding and wood frame; Asphalt/fiberglass roof
• Exterior features: Covered patio; Patio; Front porch; Full privacy fence; Mature trees

Interior

• Kitchen: Oven; Range; Stove; Dishwasher; Gas water heater
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central air conditioning
• Interior features: Ceiling fan(s); Laminate counters; Other interior features; Vinyl window frames
• Laundry & utility: Electric dryer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $198k.

Deal economics

• At list price, monthly cash flow is $67 ($806/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 $169k (14.8% below list).
• Recommended offer: $169k (14.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#93 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment C-, schools D-.
• Cleveland (town): math 21% / reading 19% proficiency, ranked #169 of 270 in OK (top 63%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 86 active listings in the ZIP; 3 units permitted in Pawnee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Pawnee County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $55k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($186k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 26y 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

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $168,731 (14.8% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — 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 D-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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.85% ✗
• Cap rate: 6.70%
• Cash-on-cash: 1.45%
• DSCR: 1.06
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $192,474
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
601 Miami St NW	0.12mi	3/2.0	1,755 (+1%)	12mo	$195,000	$111	79
309 W Kaw Ave	0.14mi	3/2.0	1,862 (+7%)	11mo	$220,000	$118	68
514 W Wichita Ave	0.41mi	3/1.5	1,824 (+5%)	7mo	$92,000	$50	64
604 Dogwood Ct	0.09mi	3/2.0	1,923 (+11%)	13mo	$198,000	$103	63
709 N D Ave	0.11mi	3/2.0	1,476 (-15%)	7mo	$155,000	$105	60
305 N 7th Ave	0.37mi	3/2.0	1,560 (-10%)	3mo	$178,000	$114	60
915 Aspenwood St	0.54mi	3/2.0	1,666 (-4%)	10mo	$235,000	$141	56
1301 Jodebo St	0.67mi	3/2.0	1,647 (-5%)	2mo	$136,000	$83	54
906 Aspenwood St	0.57mi	3/2.0	1,843 (+6%)	6mo	$282,000	$153	54
634 Hickory Dr	0.22mi	3/2.0	1,476 (-15%)	8mo	$195,000	$132	54
711 N Broadway St	0.36mi	3/2.0	1,901 (+10%)	12mo	$198,000	$104	53
208 N Swan	0.66mi	3/1.0	1,598 (-8%)	10mo	$155,000	$97	48

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: 25.3%
• Equity multiple: 3.02×
• Total profit: $112,075
• Equity at exit: $178,374

10-year hold

• IRR: 22.3%
• Equity multiple: 6.89×
• Total profit: $326,604
• Equity at exit: $384,670

Cash invested: $55,440 (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 74020

• Home prices YoY: 6.9%
• Active inventory: 86
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,687 medium
• Mortgage (P&I): −$1,038
• Tax from tax record: −$145 /mo · $1,740/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $67

Break-even live

Break-even rent $1,602

Max offer price $198,000

Occupancy floor 91%

Sensitivity live

Price	-10% $179	-5% $123	+0% $67	+5% $11	+10% $-45
Rent	-10% $-66	-5% $0	+0% $67	+5% $134	+10% $200
Rate	-1.0pp $167	-0.5pp $118	base $67	+0.5pp $16	+1.0pp $-36

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: $49,500
• Closing costs: $5,940
• Reserves months: —
• Total cash needed: —

Listing history 48 events

1. 2026-06-15
   status $198,000 Pending 66 DOM
2. 2026-06-15
   days on market $198,000 Active 66 DOM
3. 2026-06-13
   days on market $198,000 Active 64 DOM
4. 2026-06-10
   days on market $198,000 Active 61 DOM
5. 2026-06-09
   days on market $198,000 Active 60 DOM
6. 2026-06-08
   days on market $198,000 Active 59 DOM
7. 2026-06-07
   days on market $198,000 Active 58 DOM
8. 2026-06-03
   days on market $198,000 Active 54 DOM
9. 2026-06-02
   days on market $198,000 Active 53 DOM
10. 2026-06-01
    days on market $198,000 Active 52 DOM
11. 2026-05-31
    days on market $198,000 Active 51 DOM
12. 2026-05-06
    price $198,000
13. 2026-04-09
    listed $200,000 Active
14. 2023-07-14
    soldstatus $178,500 Closed 562-char remark

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

15. 2023-07-14
    soldstatus $178,500

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

16. 2023-05-19
    status Pending 562-char remark

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

17. 2023-05-11
    price $179,000 562-char remark

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

18. 2023-04-29
    price $186,000 562-char remark

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

19. 2023-04-26
    status Active 562-char remark

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

20. 2023-04-18
    status Pending 562-char remark

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

21. 2023-04-15
    price $189,000 562-char remark

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

22. 2023-04-04
    listed $194,000 Active 562-char remark

    Show marketing remark (562 chars)

    This beautifully home in the heart of Cleveland was remodeled just two years ago and is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy. Schedule your showing today!

23. 2021-06-01
    soldstatus $156,000
24. 2021-05-26
    soldstatus $156,000 Closed 506-char remark

    Show marketing remark (506 chars)

    This beautifully remodeled home in the heart of Cleveland is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy.

25. 2021-05-18
    status Pending 506-char remark

    Show marketing remark (506 chars)

    This beautifully remodeled home in the heart of Cleveland is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy.

26. 2021-05-18
    listed $156,500 Active 506-char remark

    Show marketing remark (506 chars)

    This beautifully remodeled home in the heart of Cleveland is just what you've been looking for! The BOLD black accents and painted fireplace, beams, built ins, and cabinets pair perfectly with the aesthetic of the home. The kitchen is open to the living room with a large 8ft breakfast bar. The hallway bathroom has a large granite subway tile wall with marble tile in the shower. Garage has been converted to a large bedroom or bonus room. Driveway goes all the way to the backyard and fenced for privacy.

27. 2020-12-03
    soldstatus $90,426
28. 2020-12-01
    soldstatus $90,425
29. 2020-03-11
    listed $109,800
30. 2020-03-11
    listed $97,600
31. 2016-12-29
    soldstatus $107,000
32. 2016-12-21
    soldstatus $107,000
33. 2016-08-27
    listed $108,000
34. 2009-07-10
    soldstatus $75,000
35. 2009-07-10
    soldstatus $75,000
36. 2009-02-23
    listed $78,000
37. 2009-02-21
    historical
38. 2008-08-21
    listed $78,000
39. 2008-05-20
    historical
40. 2008-01-26
    listed $80,000
41. 2004-09-14
    historical
42. 2004-08-30
    listed $80,000
43. 2004-08-20
    historical
44. 2004-02-20
    listed $80,000
45. 2000-08-08
    soldstatus $65,000
46. 2000-07-31
    soldstatus $65,000
47. 2000-04-04
    listed $70,000
48. 1997-07-03
    soldstatus $54,000

ⓘ 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: $1,740 · $145/mo
• Projected year-2 tax: $1,782 · $148/mo
• Expected delta: +$42/yr (+$3/mo · 2.4%)

ⓘ 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 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 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: $20,248
• − Mortgage interest: −$11,091
• − Property taxes: −$1,740
• − Insurance: −$990
• − Repairs & maintenance: −$1,620
• − Management: −$1,620
• − Depreciation: −$5,760
• Taxable loss: −$2,573
• Est. tax savings @ 24.0%: +$618
• After-tax cash flow: $1,423/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: Cleveland
• NCES district ID: 4008040
• Math proficiency: 21% ▼ -6.00%
• Reading proficiency: 19% ▼ -11.00%
• Median HH income: $45,642
• Composite: 17.52/100
• National rank: #9049
• State rank: #169 of 270 in OK

Livability — Cleveland

• Score: 67/100
• State rank: #93
• US rank: #10844

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cleveland, OK
• Population (ZIP): 7,365

Population outlook (Pawnee County) Hauer SSP2

• Today (2025): 16,219 people
• By 2030: 16,028 · -1.2%
• By 2040: 15,724 · -3.1%
• By 2050: 15,563 · -4.0%
• By 2075: 15,905 · -1.9%
• By 2100: 16,058 · -1.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 12% Native American 6% Hispanic / Latino 4% Black 1%
• Common ancestry: Slovak 2% Lithuanian 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Pawnee

• 2024 margin: Solid R (+58.9) · D 19.7% · R 78.6% · Other 1.7%
• 2008→2024 swing: -21.4pp toward R · 2008: -37.4pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+57.5 2016: R+53.2 2012: R+40.0 2008: R+37.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.01%
• Current HPI: 218.04
• 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

+266.7% since first listed

37 events — show timeline

• 2026-05-06 Price Changed $198,000 MLS Technology, Inc.
• 2026-04-09 Listed $200,000 MLS Technology, Inc.
• 2023-07-14 Sold (Public Records) $178,500 Public Records
• 2023-07-14 Sold (MLS) $178,500 MLS Technology, Inc.
• 2023-05-19 Pending — MLS Technology, Inc.
• 2023-05-11 Price Changed $179,000 MLS Technology, Inc.
• 2023-04-29 Price Changed $186,000 MLS Technology, Inc.
• 2023-04-26 Relisted — MLS Technology, Inc.
• 2023-04-18 Pending — MLS Technology, Inc.
• 2023-04-15 Price Changed $189,000 MLS Technology, Inc.
• 2023-04-04 Listed $194,000 MLS Technology, Inc.
• 2021-06-01 Sold (Public Records) $156,000 Public Records
• 2021-05-26 Sold (MLS) $156,000 MLS Technology, Inc.
• 2021-05-18 Pending — MLS Technology, Inc.
• 2021-05-18 Listed $156,500 MLS Technology, Inc.
• 2020-12-03 Sold (MLS) $90,426 MLSOK
• 2020-12-01 Sold (MLS) $90,425 MLS Technology, Inc.
• 2020-03-11 Listed $97,600 MLS Technology, Inc.
• 2020-03-11 Listed $109,800 MLSOK
• 2016-12-29 Sold (Public Records) $107,000 Public Records
• 2016-12-21 Sold (MLS) $107,000 MLS Technology, Inc.
• 2016-08-27 Listed $108,000 MLS Technology, Inc.
• 2009-07-10 Sold (Public Records) $75,000 Public Records
• 2009-07-10 Sold (MLS) $75,000 MLS Technology, Inc.
• 2009-02-23 Listed $78,000 MLS Technology, Inc.
• 2009-02-21 Listing Removed — MLS Technology, Inc.
• 2008-08-21 Listed $78,000 MLS Technology, Inc.
• 2008-05-20 Listing Removed — MLS Technology, Inc.
• 2008-01-26 Listed $80,000 MLS Technology, Inc.
• 2004-09-14 Listing Removed — MLS Technology, Inc.
• 2004-08-30 Listed $80,000 MLS Technology, Inc.
• 2004-08-20 Listing Removed — MLS Technology, Inc.
• 2004-02-20 Listed $80,000 MLS Technology, Inc.
• 2000-08-08 Sold (Public Records) $65,000 Public Records
• 2000-07-31 Sold (MLS) $65,000 MLS Technology, Inc.
• 2000-04-04 Listed $70,000 MLS Technology, Inc.
• 1997-07-03 Sold (Public Records) $54,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,740 · -5.1% YoY. Source: county tax records.