None · Oklahoma City, OK 73117

$59,900

1 bd · 1.0 ba · 528 sqft · SingleFamily public records · 29 Days on market

Built 1947 8,899 sqft lot Est $45k · 33% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.2/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0

Listing remarks

Discover a unique opportunity at 1421 NE 10th ST, OklahomaCity, OK 73117, a single-family residence built in 1947. This property offers a distinctive living experience, blending historical character with modern potential. The single bedroom provides a private retreat, designed for comfort and tranquility. This property invites you to envision your ideal lifestyle in OklahomaCity. This property is on a large lot. It is currently occupied with a long term tenant.

Key facts

• Large lot
• Historical character
• 8,899 sq ft lot

Tags

• LARGE LOT
• HISTORICAL CHARACTER

Property features AI

Finance

• Other: Occupied; No home warranty; Located in Oak Park Amd Add
• Financial info: Financing may qualify (loan qualify: yes); Not assumable
• HOA & community: No mandatory association dues

Exterior

• Utilities: No flood insurance required (per listing); Living area recorded by assessor
• Home design: Single-family residence; Residential property on one level; Existing property
• Construction: Frame construction; Composition roof; Slab foundation; Built (year not provided)
• Exterior features: Interior lot; No exterior special features listed

Interior

• Bedrooms: 1 bedroom (one level)
• Bathrooms: 1 full bathroom
• Heating & cooling: Other heating; Window air conditioning unit(s)
• Interior features: One living area; No fireplace; No study / dedicated home office; No in-law plan

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($954 rent vs $60k).
• Recommended offer: $59k (1.5% below list) — sets the bar for market timing.
• Cap rate 14.1% vs local median 3.7% in Oklahoma City — 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 80/100 on livability (#3 in OK, #1,635 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Oklahoma City (urban): math 7% / reading 10% proficiency, ranked #254 of 270 in OK (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Thelma R. Parks Es (math 2% / reading 2%, grade F, #802 of 845 statewide, top 100%, 472 students, 0% FRL); Douglass Hs (math 2% / reading 2%, grade F, #445 of 447 statewide, top 100%, 556 students, 0% FRL) — zoned schools average 0% FRL vs 82% district-wide (82 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 75 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($414 loan paydown + $1k appreciation (2.4% local appreciation)).
• Oklahoma County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.4% appreciation + 3.0% 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 29 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y 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 $25k; list at $60k implies a 140% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• 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 $59,001 (1.5% below list)

Questions for the listing agent

1. Built in 1947 — 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 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?
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: 1.59% ✓
• Cap rate: 14.05%
• Cash-on-cash: 27.71%
• DSCR: 2.23
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $44,880
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1522 NE 10th St	0.16mi	1/1.0	528 (0%)	2mo	$45,000	$85	91
1440 E Park Pl	0.06mi	1/1.0	540 (+2%)	20mo	$69,700	$129	77
1440 NE 15th St	0.42mi	1/1.0	600 (+14%)	20mo	$44,500	$74	41

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

Projected returns pro-forma

2.42% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.6%
• Equity multiple: 2.79×
• Total profit: $30,037
• Equity at exit: $24,987

10-year hold

• IRR: 33.4%
• Equity multiple: 5.45×
• Total profit: $74,682
• Equity at exit: $37,058

Cash invested: $16,772 (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 73117

• Home prices YoY: 1.3%
• Active inventory: 75
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $954 high
• Mortgage (P&I): −$314
• Tax from tax record: −$27 /mo · $329/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $387

Break-even live

Break-even rent $464

Max offer price $59,900

Occupancy floor 54%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1330 NE 7th St Unit A Oklahoma City, OK	1.0	1.0	534	$900	$1.69	43d	1	0.24mi
1801 E Park Pl Oklahoma City, OK	2.0	1.0	734	$695	$0.95	43d	1	0.45mi
1509 N Everest Ave Unit 1 Oklahoma City, OK	1.0	1.0	375	$795	$2.12	21d	1	0.50mi
505 N High Ave Oklahoma City, OK	1.0–2.0	1.0–2.0	697	$1,132	$1.62	43d	1	0.64mi
935 NE 16th St Oklahoma City, OK	1.0	1.0	727	$795	$1.09	43d	1	0.70mi
701 Culbertson Dr Oklahoma City, OK	1.0	1.0	700	$825	$1.18	2d	1	0.97mi
1401 NE 22nd St Oklahoma City, OK	2.0	1.0	728	$1,100	$1.51	23d	1	0.99mi
505 E Sheridan Ave Oklahoma City, OK	1.0–3.0	1.0–2.0	1012	$1,398	$1.38	1d	16	1.21mi
800 N Oklahoma Ave Oklahoma City, OK	2.0	1.0–3.0	1051	$1,875	$1.78	1d	32	1.31mi
425 N Oklahoma Ave Oklahoma City, OK	1.0–3.0	1.0–2.5	1030	$1,125	$1.09	1d	44	1.43mi

Listing history 20 events

1. 2026-06-18
   days on market $59,900 Active 29 DOM
2. 2026-06-17
   days on market $59,900 Active 28 DOM
3. 2026-06-16
   days on market $59,900 Active 27 DOM
4. 2026-06-15
   days on market $59,900 Active 26 DOM
5. 2026-06-13
   days on market $59,900 Active 24 DOM
6. 2026-06-09
   days on market $59,900 Active 20 DOM
7. 2026-06-08
   days on market $59,900 Active 19 DOM
8. 2026-06-07
   days on market $59,900 Active 18 DOM
9. 2026-06-05
   days on market $59,900 Active 15 DOM
10. 2026-06-03
    days on market $59,900 Active 14 DOM
11. 2026-06-02
    days on market $59,900 Active 13 DOM
12. 2026-06-01
    days on market $59,900 Active 12 DOM
13. 2026-05-31
    days on market $59,900 Active 11 DOM
14. 2026-05-20
    listed $59,900 Active
15. 2025-05-31
    historical $1,275
16. 2025-05-21
    price $1,275
17. 2025-04-24
    listed $1,300
18. 2009-11-05
    historical
19. 2009-05-04
    listed $29,900
20. 2006-12-12
    soldstatus $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: $329 · $27/mo
• Projected year-2 tax: $539 · $45/mo
• Expected delta: +$210/yr (+$17/mo · 63.7%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,450
• − Mortgage interest: −$3,355
• − Property taxes: −$329
• − Insurance: −$300
• − Repairs & maintenance: −$916
• − Management: −$916
• − Depreciation: −$1,743
• Taxable income: $3,891
• Est. tax owed @ 24.0%: −$934
• After-tax cash flow: $3,713/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: Oklahoma City
• NCES district ID: 4022770
• Math proficiency: 7% ▼ -5.00%
• Reading proficiency: 10% ▼ -6.00%
• Median HH income: $35,606
• Composite: 7.0/100
• National rank: #9970
• State rank: #254 of 270 in OK

Livability — Oklahoma City

• Score: 80/100
• State rank: #3
• US rank: #1635

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oklahoma City, OK
• County: Oklahoma County · 771,644 people
• City population: 498,656
• Metro: Oklahoma City, OK
• Population (ZIP): 6,225
• Household income: $23,413
• Rent vs Own: 62.2% rent · 37.8% own
• Severe rent burden: 681.0

Population outlook (Oklahoma County) Hauer SSP2

• Today (2025): 911,875 people
• By 2030: 982,413 · +7.7%
• By 2040: 1,130,468 · +24.0%
• By 2050: 1,288,422 · +41.3%
• By 2075: 1,711,482 · +87.7%
• By 2100: 2,088,448 · +129.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 63% White 16% Two or more races 13% Hispanic / Latino 12% Asian 2%
• Hispanic origin (detail): Mexican 10%
• Foreign-born: 10% · Canada, Guatemala, China
• Languages at home: 87% English-only · Spanish 8% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Oklahoma

• 2024 margin: Toss-up / Even · D 48.0% · R 49.7% · Other 2.3%
• 2008→2024 swing: +15.1pp toward D · 2008: -16.8pp · 2024: -1.7pp
• All cycles: 2024: R+1.7 2020: R+1.1 2016: R+10.5 2012: R+16.7 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.42%
• Current HPI: 192.3185
• Rent YoY: —
• Metro: Oklahoma City, 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

+139.6% since first listed

7 events — show timeline

• 2026-05-20 Listed $59,900 MLSOK
• 2025-05-31 Rental Removed $1,275 APPFOLIO
• 2025-05-21 Price Changed $1,275 APPFOLIO
• 2025-04-24 Listed for Rent $1,300 APPFOLIO
• 2009-11-05 Listing Removed — MLSOK
• 2009-05-04 Listed $29,900 MLSOK
• 2006-12-12 Sold (Public Records) $25,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $329 · +4.2% YoY. Source: county tax records.