302 E Seminole St · Wynnewood, OK 73098

$155,000

3 bd · 2.0 ba · 2,054 sqft · SingleFamily public records · 63 Days on market

Built 1960 0.45 ac lot Est $228k · 32% under ↓ 9% since listing

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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 +15.7/30.0
• ARV discount +15.0/15.0
• Appreciation +8.9/10.0
• DSCR +4.9/10.0
• Livability +3.1/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks

This charming 3-bedroom, 2-bathroom, 2054 sq foot single-family home, nestled in a peaceful/family-friendly neighborhood on desirable corner lots (. 45 acre), presents an exceptional opportunity for buyer or investor. Originally cherished as a beloved family residence, this property boasts solid bones and timeless appeal; ready to bring it into its next chapter. Step inside to discover spacious bedrooms, a formal dining room, comfortable living areas, and an additional living space/den/study. There is a large cellar underneath the house for storms and a detached but under the same roof line garage which offers storage or workshop space. Hardwood floors are believed to lie beneath the exist

Key facts

• Front porch
• Large cellar
• Outdoor space

Tags

• CORNER LOTS
• LARGE CELLAR
• DETACHED GARAGE
• HARDWOOD FLOORS
• FRONT PORCH
• OUTDOOR SPACE

Property features AI

Finance

• Other: Homestead exemption applied
• Financial info: Listed As-Is
• HOA & community: No mandatory association dues

Exterior

• Parking: Concrete parking; 1-car garage
• Utilities: Cable available; Electricity available; Natural gas available; Public utilities
• Home design: Single family residence; One level; Property faces south; Residential property
• Construction: Frame construction; Composition roof (roof year 2026); Double-pane windows; Conventional foundation
• Exterior features: Corner lot; Combination fencing; Below-ground storm shelter; No additional exterior features listed

Interior

• Kitchen: Electric free-standing range/oven
• Bedrooms: 3 bedrooms
• Flooring: Combination flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating
• Interior features: Combination flooring; One fireplace with masonry surround; Two living areas; Dining area

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 $69 ($830/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 $124k (20.0% below list).
• Recommended offer: $124k (20.0% 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 ~3 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 63 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $123,964 (20.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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 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. 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: 0.80% ✗
• Cap rate: 6.83%
• Cash-on-cash: 1.91%
• DSCR: 1.09
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $227,994
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1004 N Taylor Ave	0.56mi	3/2.0	1,960 (-5%)	8mo	$87,000	$44	59
401 E Robert S Kerr Blvd	0.12mi	3/2.0	2,320 (+13%)	17mo	$285,000	$123	58
908 E Schmid St	0.68mi	3/2.0	1,885 (-8%)	14mo	$209,900	$111	43

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: 21.2%
• Equity multiple: 2.55×
• Total profit: $67,175
• Equity at exit: $116,694

10-year hold

• IRR: 19.6%
• Equity multiple: 5.41×
• Total profit: $191,434
• Equity at exit: $230,630

Cash invested: $43,400 (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: 10.4×

Monthly cashflow live

• Estimated rent: $1,240 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$33 /mo · $393/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $69

Break-even live

Break-even rent $1,152

Max offer price $155,000

Occupancy floor 89%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-17
   status Pending
2. 2026-04-30
   price $155,000
3. 2026-03-14
   listed $170,000 Active

ⓘ 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: $393 · $33/mo
• Projected year-2 tax: $1,395 · $116/mo
• Expected delta: +$1,002/yr (+$84/mo · 255.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 8% 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: $14,876
• − Mortgage interest: −$8,682
• − Property taxes: −$393
• − Insurance: −$775
• − Repairs & maintenance: −$1,190
• − Management: −$1,190
• − Depreciation: −$4,509
• Taxable loss: −$1,864
• Est. tax savings @ 24.0%: +$447
• After-tax cash flow: $1,277/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

-8.8% since first listed

3 events — show timeline

• 2026-05-17 Pending — MLSOK
• 2026-04-30 Price Changed $155,000 MLSOK
• 2026-03-14 Listed $170,000 MLSOK

Property tax history

+6.5%/yr

Latest (2025): $393 · +11.6% YoY. Source: county tax records.