1619 W Iowa Ave · Chickasha, OK 73018

$75,000

3 bd · 2.0 ba · 1,156 sqft · SingleFamily public records · 16 Days on market

Built 1922 8,250 sqft lot Est $72k · at est.

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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
• ARV discount +5.4/15.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Classic bungalow with large front porch and detached garage. Home features vinyl siding and vinyl windows, hardwood floors, interior laundry room and dishwasher. All rooms are nice size and the home has a lot of original character with some nice features. Home needs some basic repairs and minor updates. Sold AS IS

Key facts

• New siding
• Original woodwork
• New roof

Tags

• ORIGINAL WOODWORK
• DEDICATED OFFICE AREA
• SEPARATE LAUNDRY SPACE
• NEW WINDOWS
• NEW SIDING
• NEW ROOF

Property features AI

Finance

• Other: Located in West Hill addition; No storm shelter; Occupancy: not occupied; Listed as active
• Financial info: Not assumable; Loan qualification: unknown; Annual tax amount reported
• HOA & community: No mandatory association dues

Exterior

• Parking: Gravel parking
• Home design: Single family residence; One-level home; North-facing
• Construction: Vinyl siding; Composition roof; Combination foundation; Built status: existing; Homestead eligible
• Exterior features: Covered patio; Covered porch; Interior lot

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating
• Interior features: Living area with one living space; Mock fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $557 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $74k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.2% vs local median 4.8% in Chickasha — 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 66/100 on livability (#117 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Chickasha (town): math 23% / reading 27% proficiency, ranked #115 of 270 in OK (top 43%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bill Wallace Ec Ctr (460 students, 0% FRL); Chickasha Hs (math 12% / reading 27%, grade F, #296 of 447 statewide, top 67%, 749 students, 0% FRL) — zoned schools average 0% FRL vs 64% district-wide (64 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 203 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 224 units permitted in Grady County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Grady County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y 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 $23k; list at $75k implies a 228% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $73,875 (1.5% below list)

Questions for the listing agent

1. Built in 1922 — 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: 1.72% ✓
• Cap rate: 15.21%
• Cash-on-cash: 31.84%
• DSCR: 2.42
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $71,672
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1619 W Iowa Ave	0.00mi	2/1.0 (-1)	1,156 (0%)	0mo	$60,000	$52	91
1219 W Colorado Ave	0.32mi	3/1.5	1,144 (-1%)	4mo	$65,500	$57	78
1813 W Dakota Ave	0.22mi	3/2.0	1,292 (+12%)	0mo	$174,000	$135	70
214 N 17th St	0.39mi	2/1.0 (-1)	1,212 (+5%)	2mo	$55,000	$45	63
726 S 15th St	0.30mi	2/1.0 (-1)	1,064 (-8%)	1mo	$31,000	$29	63
502 S 9 St	0.55mi	3/1.0	1,224 (+6%)	1mo	$85,000	$69	59
926 S 9th St	0.68mi	3/1.5	1,122 (-3%)	4mo	$115,000	$102	58
1005 S 17th St	0.46mi	2/1.0 (-1)	1,092 (-6%)	5mo	$68,000	$62	56
1127 S 10th St	0.74mi	2/1.5 (-1)	1,162 (+0%)	2mo	$105,000	$90	56
1020 S 14th St	0.51mi	2/1.0 (-1)	1,063 (-8%)	0mo	$96,000	$90	54
1005 W Washington Ave	0.65mi	3/1.0	1,244 (+8%)	3mo	$50,000	$40	50
319 S 9th St	0.57mi	2/1.0 (-1)	1,060 (-8%)	2mo	$65,000	$61	49

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: 26.8%
• Equity multiple: 2.11×
• Total profit: $23,316
• Equity at exit: $11,183

10-year hold

• IRR: 34.4%
• Equity multiple: 4.14×
• Total profit: $65,932
• Equity at exit: $6,485

Cash invested: $21,000 (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 73018

• Home prices YoY: -21.1%
• Active inventory: 203
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,290 high
• Mortgage (P&I): −$393
• Tax from tax record: −$37 /mo · $445/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $557

Break-even live

Break-even rent $584

Max offer price $75,000

Occupancy floor 52%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1223 W Colorado Ave Chickasha, OK	2.0	2.0	864	$1,275	$1.48	1d	1	0.32mi
1008 S 14th St Chickasha, OK	3.0	2.0	1485	$1,395	$0.94	1d	1	0.46mi
1024 S 13th St Chickasha, OK	2.0	2.0	1265	$925	$0.73	10d	1	0.52mi
810 W Illinois Ave Chickasha, OK	2.0	2.0	1100	$1,250	$1.14	23d	1	0.83mi
810 W Illinois Ave Chickasha, OK	2.0	2.0	1100	$1,250	$1.14	3d	1	0.83mi
519 W Minnesota Ave Chickasha, OK	2.0	2.0	1100	$1,250	$1.14	1d	1	0.87mi
509 W Oregon Ave Chickasha, OK	2.0	2.0	900	$1,200	$1.33	1d	1	0.91mi
816 S 2nd St Chickasha, OK	3.0	2.0	1047	$1,100	$1.05	1d	1	1.16mi
2220 W Utah Ave Unit 2220 Chickasha, OK	2.0	1.0	910	$1,055	$1.16	1d	1	1.22mi
2226 W Utah Ave Chickasha, OK	2.0	1.0	1000	$1,055	$1.05	14d	1	1.24mi
607 W Wisconsin Ave Chickasha, OK	3.0	2.0	1270	$1,395	$1.10	10d	1	1.34mi
1315 S Sheppard St Chickasha, OK	2.0	2.0	864	$1,250	$1.45	3d	1	1.47mi

Listing history 8 events

1. 2026-05-20
   status Pending
2. 2026-05-04
   listed $75,000 Active
3. 2019-01-18
   soldstatus $22,900 Sold 318-char remark

   Show marketing remark (318 chars)

   Classic bungalow with large front porch and detached garage. Home features vinyl siding and vinyl windows, hardwood floors, interior laundry room and dishwasher. All rooms are nice size and the home has a lot of original character with some nice features. Home needs some basic repairs and minor updates. Sold AS IS

4. 2018-12-20
   status Pending 318-char remark

   Show marketing remark (318 chars)

   Classic bungalow with large front porch and detached garage. Home features vinyl siding and vinyl windows, hardwood floors, interior laundry room and dishwasher. All rooms are nice size and the home has a lot of original character with some nice features. Home needs some basic repairs and minor updates. Sold AS IS

5. 2018-12-13
   listed $22,900 Active 318-char remark

   Show marketing remark (318 chars)

   Classic bungalow with large front porch and detached garage. Home features vinyl siding and vinyl windows, hardwood floors, interior laundry room and dishwasher. All rooms are nice size and the home has a lot of original character with some nice features. Home needs some basic repairs and minor updates. Sold AS IS

6. 2005-05-21
   soldstatus $46,000 103-char remark

   Show marketing remark (103 chars)

   All new paint and carpet. Brand new Central Heat & Air Unit. Formal dining room. Shared driveway.

7. 2005-05-20
   soldstatus $46,000
8. 2005-03-01
   listed $49,900 103-char remark

   Show marketing remark (103 chars)

   All new paint and carpet. Brand new Central Heat & Air Unit. Formal dining room. Shared driveway.

ⓘ 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: $445 · $37/mo
• Projected year-2 tax: $675 · $56/mo
• Expected delta: +$230/yr (+$19/mo · 51.7%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,475
• − Mortgage interest: −$4,201
• − Property taxes: −$445
• − Insurance: −$375
• − Repairs & maintenance: −$1,238
• − Management: −$1,238
• − Depreciation: −$2,182
• Taxable income: $5,796
• Est. tax owed @ 24.0%: −$1,391
• After-tax cash flow: $5,295/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: Chickasha
• NCES district ID: 4007560
• Math proficiency: 23% ▼ -11.00%
• Reading proficiency: 27% ▼ -8.00%
• Median HH income: $38,561
• Composite: 20.95/100
• National rank: #8476
• State rank: #115 of 270 in OK

Livability — Chickasha

• Score: 66/100
• State rank: #117
• US rank: #11902

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chickasha, OK
• County: Grady County · 20,505 people
• City population: 20,505
• Metro: Oklahoma City, OK
• Population (ZIP): 20,505
• Household income: $56,484
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 685.0

Population outlook (Grady County) Hauer SSP2

• Today (2025): 59,962 people
• By 2030: 62,513 · +4.3%
• By 2040: 67,338 · +12.3%
• By 2050: 71,719 · +19.6%
• By 2075: 82,684 · +37.9%
• By 2100: 89,387 · +49.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Two or more races 11% Hispanic / Latino 9% Black 5% Native American 5%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Iranian 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Grady

• 2024 margin: Solid R (+62.7) · D 17.9% · R 80.6% · Other 1.5%
• 2008→2024 swing: -16.0pp toward R · 2008: -46.7pp · 2024: -62.7pp
• All cycles: 2024: R+62.7 2020: R+62.3 2016: R+60.3 2012: R+51.2 2008: R+46.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.82%
• Current HPI: 249.6051
• 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

+50.3% since first listed

8 events — show timeline

• 2026-05-20 Pending — MLSOK
• 2026-05-04 Listed $75,000 MLSOK
• 2019-01-18 Sold (MLS) $22,900 MLSOK
• 2018-12-20 Pending — MLSOK
• 2018-12-13 Listed $22,900 MLSOK
• 2005-05-21 Sold (MLS) $46,000 MLSOK
• 2005-05-20 Sold (Public Records) $46,000 Public Records
• 2005-03-01 Listed $49,900 MLSOK

Property tax history

+8.4%/yr

Latest (2025): $445 · +5.7% YoY. Source: county tax records.