630 Town East 1st St · Carnegie, OK 73015

$115,000

3 bd · 2.0 ba · 1,782 sqft · SingleFamily public records · 18 Days on market

Built 1970 0.31 ac lot Est $146k · 21% under

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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 +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +4.8/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +1.4/10.0
• Schools +1.4/10.0

Listing remarks

Welcome to well maintained and thoughtfully updated home located on a quiet dead-end road in Carnegie, OK. With less traffic and a peaceful setting, this property offers a safer environment for children to play and families to enjoy outdoor living. Inside, you'll find numerous updates throughout the home. All carpet has been replaced with durable LifeProof flooring, providing a modern look and easy maintenance. The kitchen has been refreshed with sanded and professionally painted cabinets, creating a bright and inviting space for cooking and gathering. The main bathroom has been updated with new shower and sink fixtures along with a new shower insert. The interior of the home has all new pa

Key facts

• 0.31 acre lot
• Built 1970
• Listed 18 days

Tags

• DURABLE LIFEPROOF FLOORING
• REFRESHED KITCHEN CABINETS
• UPDATED BATHROOM FIXTURES
• LARGE BUILT-IN CABINET
• LARGE COMPLETED BASEMENT
• LARGE FENCED BACKYARD

Property features AI

Finance

• Other: Occupied; No home warranty; Living area reported from assessor; Corner property located in Carnegie addition; Directions available
• Financial info: Loan qualifying allowed; Current price listed (per listing)
• HOA & community: No mandatory association dues

Exterior

• Home design: Single family residence; One-level property; Residential property; Existing build status
• Construction: Brick and frame construction; Composition roof; Slab foundation; Built (existing)
• Exterior features: Outbuildings; Porch; Rain gutters; Storage; Corner lot; Homestead status

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Electric heating
• Interior features: Two living areas; One dining area; Free standing fireplace; No study; No in-law plan

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $179 ($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 $113k (2.1% below list).
• Recommended offer: $113k (2.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#246 in OK) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Carnegie (rural): math 15% / reading 19% proficiency, ranked #212 of 270 in OK (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Carnegie Es (math 17% / reading 17%, grade F, #540 of 845 statewide, top 68%, 278 students, 0% FRL); Carnegie Hs (math 15% / reading 15%, grade F, #323 of 447 statewide, top 74%, 141 students, 0% FRL) — zoned schools average 0% FRL vs 74% district-wide (74 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 14 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Caddo County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $95k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $112,547 (2.1% below list)

Questions for the listing agent

1. Built in 1970 — 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 D-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. 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.
5. 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.
6. 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: 0.98% ✗
• Cap rate: 8.16%
• Cash-on-cash: 6.66%
• DSCR: 1.30
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $146,124
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
409 S Bruce St	0.46mi	3/2.0	1,772 (-1%)	7mo	$145,000	$82	72
206 E 3rd St	0.58mi	3/1.0	1,724 (-3%)	8mo	$30,000	$17	57
414 S Carol St	0.45mi	2/2.0 (-1)	1,944 (+9%)	6mo	$167,000	$86	54
104 E 2nd St	0.65mi	2/1.0 (-1)	1,756 (-2%)	22mo	$125,000	$71	39

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.1%
• Equity multiple: 0.77×
• Total profit: $-7,287
• Equity at exit: $17,147

10-year hold

• IRR: 3.5%
• Equity multiple: 1.25×
• Total profit: $8,170
• Equity at exit: $9,943

Cash invested: $32,200 (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 73015

• Home prices YoY: -4.4%
• Active inventory: 14
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,125 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$59 /mo · $713/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $179

Break-even live

Break-even rent $899

Max offer price $115,000

Occupancy floor 79%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-18
   days on market $115,000 Active 18 DOM
2. 2026-06-17
   days on market $115,000 Active 17 DOM
3. 2026-06-16
   days on market $115,000 Active 16 DOM
4. 2026-06-15
   days on market $115,000 Active 15 DOM
5. 2026-06-13
   days on market $115,000 Active 13 DOM
6. 2026-06-12
   days on market $115,000 Active 12 DOM
7. 2026-06-09
   days on market $115,000 Active 9 DOM
8. 2026-06-08
   days on market $115,000 Active 8 DOM
9. 2026-06-08
   days on market $115,000 Active 7 DOM
10. 2026-06-07
    days on market $115,000 Active 6 DOM
11. 2026-06-04
    days on market $115,000 Active 3 DOM
12. 2026-06-02
    days on market $115,000 Active 2 DOM
13. 2026-05-31
    remarks 699-char remark
14. 2026-05-31
    listed $115,000 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: $713 · $59/mo
• Projected year-2 tax: $1,035 · $86/mo
• Expected delta: +$322/yr (+$27/mo · 45.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $13,506
• − Mortgage interest: −$6,442
• − Property taxes: −$713
• − Insurance: −$575
• − Repairs & maintenance: −$1,080
• − Management: −$1,080
• − Depreciation: −$3,345
• Taxable income: $269
• Est. tax owed @ 24.0%: −$65
• After-tax cash flow: $2,080/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: Carnegie
• NCES district ID: 4006630
• Math proficiency: 15% ▼ -18.00%
• Reading proficiency: 19% ▼ -18.00%
• Median HH income: $32,189
• Composite: 13.71/100
• National rank: #9497
• State rank: #212 of 270 in OK

Livability — Carnegie

• Score: 62/100
• State rank: #246
• US rank: #16515

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carnegie, OK
• Population (ZIP): 2,365

Population outlook (Caddo County) Hauer SSP2

• Today (2025): 28,391 people
• By 2030: 27,844 · -1.9%
• By 2040: 27,057 · -4.7%
• By 2050: 26,484 · -6.7%
• By 2075: 26,266 · -7.5%
• By 2100: 26,077 · -8.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 54% Native American 20% Hispanic / Latino 18% Two or more races 12% Black 2%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Iranian 2% Italian 1% European 1%
• Foreign-born: 2% · Canada
• Languages at home: 87% English-only · Spanish 10%

Political lean MEDSL · Caddo

• 2024 margin: Solid R (+47.1) · D 25.4% · R 72.5% · Other 2.1%
• 2008→2024 swing: -16.4pp toward R · 2008: -30.7pp · 2024: -47.1pp
• All cycles: 2024: R+47.1 2020: R+44.0 2016: R+43.4 2012: R+28.5 2008: R+30.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -7.28%
• Current HPI: 159.676
• 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

+21.1% since first listed

2 events — show timeline

• 2026-05-31 Listed $115,000 MLSOK
• 2021-11-15 Sold (Public Records) $95,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $713 · +0.6% YoY. Source: county tax records.