15 N St · Ardmore, OK 73401

$59,000

2 bd · 1.0 ba · 744 sqft · SingleFamily public records · 38 Days on market

Built 1932 4,792 sqft lot Est $84k · 30% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.3/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special - If you are looking to purchase your first home or to expand your portfolio, this property is calling your name. Has been recently updated but still needs a little TLC. Has been a rental for many years. It comes with a fenced yard ready for your pets to have lots of room to move around. Don't miss this one. PROPERTY IS BEING SOLD "AS IS".

Key facts

• Fenced yard
• 4,792 sq ft lot
• Built 1932

Tags

• FENCED YARD

Property features AI

Finance

• Other: Living area reported as 744 (assessor); Lot size approximately 0.11 acres; Located in Ardmore school district
• Financial info: Not assumable
• HOA & community: No mandatory association dues

Exterior

• Home design: Single family residence; Single-story (one level); Existing property; Located in Ardmore City addition
• Construction: Frame construction; Composition roof; Post tension foundation; Built status: Existing
• Exterior features: No notable exterior features listed; Lot features: Other

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Other heating; Window unit cooling
• Interior features: One living area; No fireplace; No study

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $520 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Recommended offer: $57k (3.0% below list) — sets the bar for market timing.
• Cap rate 16.9% vs local median 4.6% in Ardmore — 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 58/100 on livability (#447 in OK) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Ardmore (town): math 12% / reading 15% proficiency, ranked #241 of 270 in OK (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Lincoln Es (math 18% / reading 14%, grade F, #582 of 845 statewide, top 69%, 326 students, 0% FRL); Ardmore Hs (math 12% / reading 17%, grade F, #348 of 447 statewide, top 79%, 751 students, 0% FRL) — zoned schools average 0% FRL vs 73% district-wide (73 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+7.4%/yr); 379 active listings in the ZIP; 73 units permitted in Carter County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $408 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Carter County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 7.4% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y 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 $20k; list at $59k implies a 195% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1932 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $57,230 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1932 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.90% ✓
• Cap rate: 16.87%
• Cash-on-cash: 37.77%
• DSCR: 2.68
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $84,072
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1408 8th Ave NW	0.44mi	2/1.0	756 (+2%)	6mo	$85,000	$112	72
1709 7th NW	0.44mi	2/1.0	743 (-0%)	20mo	$131,000	$176	62
328 G NW	0.61mi	2/1.0	700 (-6%)	5mo	$79,000	$113	57
1519 NW 7th St	0.41mi	2/1.0	767 (+3%)	22mo	$110,000	$143	57
430 H NW	0.57mi	2/1.0	726 (-2%)	21mo	$30,000	$41	52
716 G NW	0.67mi	2/1.0	800 (+8%)	12mo	$76,000	$95	46
1216 11th Ave NW	0.64mi	2/2.0	840 (+13%)	2mo	$135,000	$161	43

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 · 7.38% rent growth · sell at horizon

5-year hold

• IRR: 38.5%
• Equity multiple: 2.74×
• Total profit: $28,709
• Equity at exit: $8,797

10-year hold

• IRR: 47.0%
• Equity multiple: 6.50×
• Total profit: $90,800
• Equity at exit: $5,101

Cash invested: $16,520 (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 73401

• Home prices YoY: -21.7%
• Rents YoY: 7.4%
• Active inventory: 379
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,122 medium
• Mortgage (P&I): −$309
• Tax from tax record: −$32 /mo · $390/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $520

Break-even live

Break-even rent $464

Max offer price $59,000

Occupancy floor 49%

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $59,000 Active 38 DOM
2. 2026-06-18
   days on market $59,000 Active 37 DOM
3. 2026-06-17
   days on market $59,000 Active 36 DOM
4. 2026-06-16
   days on market $59,000 Active 35 DOM
5. 2026-06-15
   days on market $59,000 Active 34 DOM
6. 2026-06-14
   days on market $59,000 Active 32 DOM
7. 2026-06-12
   days on market $59,000 Active 31 DOM
8. 2026-06-09
   days on market $59,000 Active 28 DOM
9. 2026-06-08
   days on market $59,000 Active 27 DOM
10. 2026-06-07
    days on market $59,000 Active 26 DOM
11. 2026-06-05
    days on market $59,000 Active 23 DOM
12. 2026-06-03
    days on market $59,000 Active 22 DOM
13. 2026-06-02
    days on market $59,000 Active 21 DOM
14. 2026-06-01
    days on market $59,000 Active 20 DOM
15. 2026-05-31
    days on market $59,000 Active 19 DOM
16. 2026-05-30
    days on market $59,000 Active 18 DOM
17. 2026-05-11
    listed $59,000 Active 368-char remark

    Show marketing remark (368 chars)

    Investor Special - If you are looking to purchase your first home or to expand your portfolio, this property is calling your name. Has been recently updated but still needs a little TLC. Has been a rental for many years. It comes with a fenced yard ready for your pets to have lots of room to move around. Don't miss this one. PROPERTY IS BEING SOLD "AS IS".

18. 2026-05-11
    listed $59,000 Active

    Show marketing remark (368 chars)

    Investor Special - If you are looking to purchase your first home or to expand your portfolio, this property is calling your name. Has been recently updated but still needs a little TLC. Has been a rental for many years. It comes with a fenced yard ready for your pets to have lots of room to move around. Don't miss this one. PROPERTY IS BEING SOLD "AS IS".

19. 2026-04-28
    historical
20. 2026-02-28
    listed $69,000 Active
21. 2014-05-21
    soldstatus $20,000
22. 2014-03-27
    listed $25,000

ⓘ 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: $390 · $32/mo
• Projected year-2 tax: $531 · $44/mo
• Expected delta: +$141/yr (+$12/mo · 36.2%)

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥111°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,465
• − Mortgage interest: −$3,305
• − Property taxes: −$390
• − Insurance: −$295
• − Repairs & maintenance: −$1,077
• − Management: −$1,077
• − Depreciation: −$1,716
• Taxable income: $5,604
• Est. tax owed @ 24.0%: −$1,345
• After-tax cash flow: $4,894/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: Ardmore
• NCES district ID: 4003180
• Math proficiency: 12% ▼ -7.00%
• Reading proficiency: 15% ▼ -6.00%
• Median HH income: $35,194
• Composite: 11.1/100
• National rank: #9733
• State rank: #241 of 270 in OK

Livability — Ardmore

• Score: 58/100
• State rank: #447
• US rank: #21387

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ardmore, OK
• County: Carter County · 36,833 people
• City population: 36,833
• Metro: Ardmore, OK
• Population (ZIP): 36,833
• Household income: $61,989
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 1026.0

Population outlook (Carter County) Hauer SSP2

• Today (2025): 50,892 people
• By 2030: 51,913 · +2.0%
• By 2040: 53,857 · +5.8%
• By 2050: 55,604 · +9.3%
• By 2075: 60,670 · +19.2%
• By 2100: 62,366 · +22.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 65% Two or more races 14% Hispanic / Latino 9% Native American 8% Black 7% Asian 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Slovak 2% Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 5%

Political lean MEDSL · Carter

• 2024 margin: Solid R (+54.7) · D 21.9% · R 76.7% · Other 1.4%
• 2008→2024 swing: -14.2pp toward R · 2008: -40.5pp · 2024: -54.7pp
• All cycles: 2024: R+54.7 2020: R+52.5 2016: R+52.6 2012: R+42.7 2008: R+40.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.93%
• Current HPI: 269.7381
• Rent YoY: ▲ 7.38%
• Metro: Ardmore, 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

+136.0% since first listed

6 events — show timeline

• 2026-05-11 Listed $59,000 MLSOK
• 2026-05-11 Listed $59,000 MLS Technology, Inc.
• 2026-04-28 Listing Removed — MLS Technology, Inc.
• 2026-02-28 Listed $69,000 MLS Technology, Inc.
• 2014-05-21 Sold (MLS) $20,000 MLS Technology, Inc.
• 2014-03-27 Listed $25,000 MLS Technology, Inc.

Property tax history

+10.3%/yr

Latest (2025): $390 · +4.8% YoY. Source: county tax records.