207 S Park Rd · Hobart, OK 73651

$145,000

3 bd · 2.0 ba · 1,999 sqft · SingleFamily public records · 16 Days on market

Built 1935 0.33 ac lot Est $132k · 10% over

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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 +19.4/30.0
• Appreciation +10.0/10.0
• DSCR +6.1/10.0
• 1% rule +4.1/10.0
• ARV discount +3.0/15.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks

Charming 3-bedroom, 2-bath home offering 1,999 sq ft of character and comfort. Renovated bathrooms, freshly stained original hardwood floors, and gorgeous mature trees create a timeless, inviting atmosphere. Enjoy multiple outdoor and indoor living spaces including a covered porch, covered patio, and a bright sunroom perfect for year-round relaxation. This home is filled with personality, natural warmth, and thoughtful updates throughout. Located in a highly desirable, well-established neighborhood, it’s the perfect blend of classic charm and modern convenience.

Key facts

• Covered porch
• Renovated bathrooms
• Covered patio

Tags

• RENOVATED BATHROOMS
• ORIGINAL HARDWOOD FLOORS
• COVERED PORCH
• COVERED PATIO
• BRIGHT SUNROOM
• WELL-ESTABLISHED NEIGHBORHOOD

Property features AI

Finance

• Other: Located in Dunlaps addition; No storm shelter; Directions: Head south on Park Rd
• Financial info: Loan qualification allowed; Not assumable
• HOA & community: No mandatory association dues

Exterior

• Parking: 1-car garage
• Utilities: No flood insurance required
• Home design: Single-family residence; One story; Residential property; Existing construction
• Construction: Frame construction; Composition roof; Built on a slab
• Exterior features: Covered patio; Covered porch; Lot features listed as Other; Homestead eligible

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: In-law plan; Living area listed as 1,999 (assessor); Slab foundation

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $161 ($2k/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 $132k (9.0% below list).
• Recommended offer: $132k (9.0% below list) — sets the bar for 1% rule.

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: 52 active listings in the ZIP.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $14k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $41k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $51k; list at $145k implies a 184% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,935 (9.0% below list)

Questions for the listing agent

1. Built in 1935 — 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: 0.91% ✗
• Cap rate: 7.63%
• Cash-on-cash: 4.77%
• DSCR: 1.21
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $131,934
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
127 S Randlett St	0.37mi	4/3.0 (+1)	1,888 (-6%)	1mo	$85,000	$45	64
505 N Hitchcock St	0.53mi	4/2.0 (+1)	1,923 (-4%)	12mo	$165,000	$86	54
305 N Broadway St	0.59mi	4/1.0 (+1)	1,960 (-2%)	13mo	$50,000	$26	50
505 N Hill St	0.64mi	3/2.0	1,782 (-11%)	8mo	$118,000	$66	45
201 N Randlett St	0.42mi	4/2.0 (+1)	1,786 (-11%)	20mo	$30,666	$17	41
526 N Hill St	0.70mi	3/2.0	1,814 (-9%)	14mo	$90,000	$50	41
904 S Ohio	0.60mi	4/3.0 (+1)	1,752 (-12%)	13mo	$129,000	$74	32
1001 S Ohio St	0.67mi	3/2.0	1,765 (-12%)	21mo	$165,000	$93	32

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: 27.7%
• Equity multiple: 3.20×
• Total profit: $89,195
• Equity at exit: $130,627

10-year hold

• IRR: 24.2%
• Equity multiple: 7.27×
• Total profit: $254,474
• Equity at exit: $281,703

Cash invested: $40,600 (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: 52
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,319 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$60 /mo · $721/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $161

Break-even live

Break-even rent $1,115

Max offer price $145,000

Occupancy floor 83%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $145,000 Active 16 DOM
2. 2026-06-17
   days on market $145,000 Active 15 DOM
3. 2026-06-16
   days on market $145,000 Active 14 DOM
4. 2026-06-15
   days on market $145,000 Active 13 DOM
5. 2026-06-13
   days on market $145,000 Active 11 DOM
6. 2026-06-12
   days on market $145,000 Active 10 DOM
7. 2026-06-09
   days on market $145,000 Active 7 DOM
8. 2026-06-08
   days on market $145,000 Active 6 DOM
9. 2026-06-08
   days on market $145,000 Active 5 DOM
10. 2026-06-05
    days on market $145,000 Active 3 DOM
11. 2026-06-03
    remarks 568-char remark
12. 2026-06-03
    listed $145,000 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: $721 · $60/mo
• Projected year-2 tax: $1,305 · $109/mo
• Expected delta: +$584/yr (+$49/mo · 81.0%)

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

Taxation est. · year 1

• Rental income: $15,832
• − Mortgage interest: −$8,122
• − Property taxes: −$721
• − Insurance: −$725
• − Repairs & maintenance: −$1,267
• − Management: −$1,267
• − Depreciation: −$4,218
• Taxable loss: −$487
• Est. tax savings @ 24.0%: +$117
• After-tax cash flow: $2,054/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

+184.3% since first listed

2 events — show timeline

• 2026-06-01 Listed $145,000 MLSOK
• 1996-06-03 Sold (Public Records) $51,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $721 · -2.0% YoY. Source: county tax records.