1404 Prospect Dr · Wynnewood, OK 73098

$154,900

3 bd · 2.0 ba · 1,500 sqft · SingleFamily public records · 43 Days on market

Built 1970 7,876 sqft lot Est $172k · 10% under

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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).

• ARV discount +12.1/15.0
• Cash flow +11.7/30.0
• Appreciation +8.9/10.0
• DSCR +3.5/10.0
• Livability +3.1/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks MLS

From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

Key facts

• Functional kitchen
• Large backyard
• Privacy fence

Tags

• LARGE BACKYARD
• PRIVACY FENCE
• FUNCTIONAL KITCHEN
• QUIET NEIGHBORHOOD
• LOCAL AMENITIES

Property features AI

Finance

• Other: Living area reported as 1,500 (assessor); Lot size approximately 0.1808 acres; Legal addition: East Gate Add; No storm shelter
• Financial info: Financing options include Cash, Conventional, FHA or VA, and Rural Housing Services; Loans may qualify; Not assumable
• HOA & community: No mandatory association dues

Exterior

• Utilities: No flood insurance indicated
• Home design: Single-family residence; One-level home; Existing property
• Construction: Brick construction; Composition roof; Slab foundation; Built (existing)
• Exterior features: Covered porch; Wood fencing; Lot with other features

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating
• Interior features: Dishwasher; Refrigerator; No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $-44 ($-532/yr) — negative.
• To cash-flow at today's rent, offer at most $147k (5.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $117k (24.7% below list).
• Recommended offer: $117k (24.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#253 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Wynnewood (rural): math 13% / reading 22% proficiency, ranked #198 of 270 in OK (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Central Es (math 17% / reading 27%, grade F, #413 of 845 statewide, top 54%, 277 students, 0% FRL); Wynnewood Hs (math 5% / reading 24%, grade F, #332 of 447 statewide, top 78%, 210 students, 0% FRL) — zoned schools average 0% FRL vs 51% district-wide (51 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 55 active listings in the ZIP; 1 units permitted in Garvin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $13k of equity ($1k loan paydown + $12k appreciation (7.9% local appreciation)).
• Garvin County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (7.9% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y 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 $113k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $116,698 (24.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 0.75% ✗
• Cap rate: 5.95%
• Cash-on-cash: -1.23%
• DSCR: 0.95
• GRM: 11.1

CMA / ARV

• ARV (on-the-fly): $172,500
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
506 Eastgate Ave	0.13mi	4/1.0 (+1)	1,422 (-5%)	7mo	$163,000	$115	71
702 S Severs Ave	0.70mi	3/1.5	1,488 (-1%)	10mo	$130,000	$87	56
1101 E Chickasaw St	0.44mi	3/2.0	1,621 (+8%)	14mo	$147,500	$91	54
1008 E Jennings	0.28mi	2/1.0 (-1)	1,299 (-13%)	3mo	$165,000	$127	53
1002 N Carr Ave	0.71mi	4/2.5 (+1)	1,650 (+10%)	8mo	$195,000	$118	36
902 N Carr Ave	0.68mi	2/2.0 (-1)	1,392 (-7%)	20mo	$165,000	$119	34
704 E Seminole St	0.52mi	3/2.0	1,716 (+14%)	22mo	$182,500	$106	34

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

Projected returns pro-forma

7.9% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.8%
• Equity multiple: 2.38×
• Total profit: $59,940
• Equity at exit: $116,619

10-year hold

• IRR: 17.7%
• Equity multiple: 5.06×
• Total profit: $175,879
• Equity at exit: $230,481

Cash invested: $43,372 (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 73098

• Home prices YoY: 2.9%
• Active inventory: 55
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,167 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$89 /mo · $1,073/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $-44

Break-even live

Break-even rent $1,223

Max offer price $147,064

Occupancy floor 99%

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-05-16
   status Pending
2. 2026-04-28
   price $154,900
3. 2026-04-02
   listed $159,900 Active
4. 2025-03-24
   historical $1,300
5. 2025-03-15
   listed $1,300
6. 2024-03-29
   soldstatus $113,000 Closed 342-char remark

   Show marketing remark (342 chars)

   From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

7. 2024-01-30
   status Pending 342-char remark

   Show marketing remark (342 chars)

   From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

8. 2024-01-17
   price $113,000 342-char remark

   Show marketing remark (342 chars)

   From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

9. 2023-12-18
   price $116,900 342-char remark

   Show marketing remark (342 chars)

   From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

10. 2023-11-20
    price $121,900 342-char remark

    Show marketing remark (342 chars)

    From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

11. 2023-10-20
    price $129,000 342-char remark

    Show marketing remark (342 chars)

    From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

12. 2023-09-10
    price $135,000 342-char remark

    Show marketing remark (342 chars)

    From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

13. 2023-08-10
    price $139,900 342-char remark

    Show marketing remark (342 chars)

    From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

14. 2023-07-13
    price $147,000 342-char remark

    Show marketing remark (342 chars)

    From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

15. 2023-06-15
    listed $155,000 Active 342-char remark

    Show marketing remark (342 chars)

    From drab to fab!!! Come check out this 3 bed 1.5 bath home that has been fully updated. The bonus room can be used as a home office or 4th bedroom! The roof has been replaced, exterior and interior paint and flooring throughout don't forget to check out those appliances! Enjoy watching those famous Oklahoma sunsets in your open backyard.

16. 2020-04-09
    historical
17. 2020-03-22
    listed $69,900
18. 2007-08-22
    soldstatus $50,000
19. 2004-07-26
    soldstatus $41,000
20. 2004-02-04
    soldstatus $22,000
21. 2003-09-10
    listed $24,900

ⓘ 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: $1,073 · $89/mo
• Projected year-2 tax: $1,394 · $116/mo
• Expected delta: +$321/yr (+$27/mo · 29.9%)

ⓘ 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 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% 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: $14,004
• − Mortgage interest: −$8,677
• − Property taxes: −$1,073
• − Insurance: −$774
• − Repairs & maintenance: −$1,120
• − Management: −$1,120
• − Depreciation: −$4,506
• Taxable loss: −$3,267
• Est. tax savings @ 24.0%: +$784
• After-tax cash flow: $252/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: Wynnewood
• NCES district ID: 4033300
• Math proficiency: 13% ▼ -7.00%
• Reading proficiency: 22% ▼ -2.00%
• Median HH income: $42,075
• Composite: 15.05/100
• National rank: #9352
• State rank: #198 of 270 in OK

Livability — Wynnewood

• Score: 62/100
• State rank: #253
• US rank: #16754

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wynnewood, OK
• Population (ZIP): 3,382

Population outlook (Garvin County) Hauer SSP2

• Today (2025): 28,277 people
• By 2030: 28,619 · +1.2%
• By 2040: 29,478 · +4.2%
• By 2050: 30,384 · +7.5%
• By 2075: 34,074 · +20.5%
• By 2100: 36,099 · +27.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Two or more races 14% Hispanic / Latino 9% Native American 3% Black 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Slovak 3% European 3% Serbian 2%
• Foreign-born: 4% · Canada
• Languages at home: 96% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Garvin

• 2024 margin: Solid R (+66.1) · D 16.4% · R 82.5% · Other 1.1%
• 2008→2024 swing: -22.5pp toward R · 2008: -43.6pp · 2024: -66.1pp
• All cycles: 2024: R+66.1 2020: R+64.2 2016: R+60.7 2012: R+46.1 2008: R+43.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.90%
• Current HPI: 280.5166
• 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

+522.1% since first listed

21 events — show timeline

• 2026-05-16 Pending — MLSOK
• 2026-04-28 Price Changed $154,900 MLSOK
• 2026-04-02 Listed $159,900 MLSOK
• 2025-03-24 Rental Removed $1,300 APPFOLIO
• 2025-03-15 Listed for Rent $1,300 APPFOLIO
• 2024-03-29 Sold (MLS) $113,000 MLSOK
• 2024-01-30 Pending — MLSOK
• 2024-01-17 Price Changed $113,000 MLSOK
• 2023-12-18 Price Changed $116,900 MLSOK
• 2023-11-20 Price Changed $121,900 MLSOK
• 2023-10-20 Price Changed $129,000 MLSOK
• 2023-09-10 Price Changed $135,000 MLSOK
• 2023-08-10 Price Changed $139,900 MLSOK
• 2023-07-13 Price Changed $147,000 MLSOK
• 2023-06-15 Listed $155,000 MLSOK
• 2020-04-09 Listing Removed — MLSOK
• 2020-03-22 Listed $69,900 MLSOK
• 2007-08-22 Sold (Public Records) $50,000 Public Records
• 2004-07-26 Sold (Public Records) $41,000 Public Records
• 2004-02-04 Sold (MLS) $22,000 MLSOK
• 2003-09-10 Listed $24,900 MLSOK

Property tax history

+11.1%/yr

Latest (2025): $1,073 · +95.8% YoY. Source: county tax records.