4600 Lunow Dr · Oklahoma City, OK 73135

$133,500

3 bd · 2.0 ba · 1,159 sqft · SingleFamily public records · 6 Days on market

Built 1975 7,200 sqft lot Est $165k · 19% under

---

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 +20.8/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.1/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful move-in ready home! This home is ready for your family! Spacious living areas. Living room has a fireplace surrounded by bookcases. The kitchen has freshly refinished counter tops and backslash. Kitchen also has a large pantry and gas stove! Recently updated tankless hot water heater! This quiet neighborhood is conveniently located close to I-240. Oklahoma county down payment assistance available for qualified first time home buyers.

Key facts

• Bookcases
• Fireplace
• 7,200 sq ft lot

Tags

• FUNCTIONAL FLOOR PLAN
• TANKLESS WATER HEATER
• FIREPLACE
• BOOKCASES

Property features AI

Finance

• Other: Vacant and not occupied; Garage mechanical features noted (garage door lift)
• Financial info: Property sold as-is; Court approval required for sale
• HOA & community: No mandatory association dues

Exterior

• Parking: Concrete driveway; 2-car garage
• Utilities: Storm doors listed (energy/utility info); Power/water/sewer not specified
• Home design: Single family residence; One story; North-facing
• Construction: Brick and frame construction; Composition roof; Aluminum frame windows; Slab foundation
• Exterior features: Open patio; Interior lot

Interior

• Kitchen: Free‑standing gas range/oven; Breakfast bar; Eating space; Kitchen external exhaust
• Bedrooms: 3 bedrooms (primary bedroom includes full bath)
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Garage door lift (mechanical feature) — other HVAC details not provided
• Interior features: Window treatments; Ceiling fans in living room, kitchen, and all bedrooms; Masonry fireplace
• Laundry & utility: Tankless hot water

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $183 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $134k).
• Cap rate 7.9% 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.
• Midwest City-Del City (suburban): math 10% / reading 17% proficiency, ranked #231 of 270 in OK (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Parkview Es (math 10% / reading 9%, grade F, #733 of 845 statewide, top 87%, 679 students, 0% FRL); Del City Hs (math 5% / reading 15%, grade F, #361 of 447 statewide, top 94%, 1,158 students, 0% FRL) — zoned schools average 0% FRL vs 57% district-wide (57 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.8%/yr); 93 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $923 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Oklahoma County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 11y 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 $83k; list at $134k implies a 61% gain — meaningful room to come down on a strong offer.

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 $133,500

Questions for the listing agent

1. Built in 1975 — 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: 1.01% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.86%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $164,578
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4516 Lunow Dr	0.03mi	3/2.0	1,159 (0%)	1mo	$133,600	$115	98
4712 Cherry Hill Ln	0.32mi	3/2.0	1,202 (+4%)	2mo	$130,000	$108	77
4500 Lunow Dr	0.08mi	3/2.0	1,289 (+11%)	2mo	$165,000	$128	76
4336 SE 54th St	0.18mi	3/1.0	1,060 (-8%)	5mo	$135,000	$127	69
4721 SE 45th St	0.39mi	3/1.5	1,060 (-8%)	3mo	$150,000	$142	63
4321 Epperly Dr	0.55mi	3/2.0	1,075 (-7%)	0mo	$155,000	$144	62
3916 SE 46th St	0.60mi	3/1.5	1,220 (+5%)	3mo	$135,000	$111	59
4705 SE 42nd St	0.73mi	3/1.5	1,117 (-4%)	1mo	$179,900	$161	57
4020 Ray Dr	0.51mi	3/1.5	1,039 (-10%)	5mo	$150,000	$144	53
4126 Jones Blvd	0.50mi	3/1.0	1,026 (-12%)	4mo	$115,000	$112	51
4201 Vickie Dr	0.74mi	2/1.5 (-1)	1,097 (-5%)	1mo	$170,000	$155	48
4225 Kim Dr	0.67mi	3/1.5	1,316 (+14%)	1mo	$200,000	$152	44

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 · 4.76% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.80×
• Total profit: $-7,561
• Equity at exit: $19,905

10-year hold

• IRR: 6.2%
• Equity multiple: 1.50×
• Total profit: $18,764
• Equity at exit: $11,543

Cash invested: $37,380 (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 73135

• Home prices YoY: -8.0%
• Rents YoY: 4.8%
• Active inventory: 93
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,354 high
• Mortgage (P&I): −$700
• Tax from tax record: −$131 /mo · $1,571/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $183

Break-even live

Break-even rent $1,122

Max offer price $133,500

Occupancy floor 82%

Sensitivity live

Price	-10% $258	-5% $220	+0% $183	+5% $145	+10% $107
Rent	-10% $76	-5% $129	+0% $183	+5% $236	+10% $290
Rate	-1.0pp $250	-0.5pp $217	base $183	+0.5pp $148	+1.0pp $113

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: $33,375
• Closing costs: $4,005
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4900 Sunny Ct Oklahoma City, OK	3.0	2.0	1281	$1,600	$1.25	3d	1	0.26mi
4220 SE 49th St Oklahoma City, OK	3.0	2.0	1223	$1,175	$0.96	24d	1	0.28mi
4309 SE 48th Ter Oklahoma City, OK	3.0	2.0	1458	$1,525	$1.05	2d	1	0.30mi
4721 SE 46th St Oklahoma City, OK	3.0	2.0	1002	$1,275	$1.27	12d	1	0.32mi
4215 SE 53rd St Oklahoma City, OK	1.0–2.0	1.0	769	$915	$1.19	24d	1	0.32mi
4825 Eric Dr Oklahoma City, OK	3.0	2.0	1488	$1,695	$1.14	15d	1	0.33mi
4217 SE 48th Ter Oklahoma City, OK	3.0	1.5	1043	$1,295	$1.24	24d	1	0.34mi
5537 S Sunnylane Rd Oklahoma City, OK	1.0–2.0	1.0–1.5	840	$850	$1.01	3d	11	0.38mi
4900 S Dimple Dr Oklahoma City, OK	3.0	1.5	1463	$1,025	$0.70	3d	1	0.40mi
4500 Cherry Hill Ln Oklahoma City, OK	2.0	1.0	850	$820	$0.96	24d	1	0.44mi
4917 S Karen St Oklahoma City, OK	3.0	1.5	960	$1,100	$1.15	24d	1	0.45mi
4101 SE 48th St Oklahoma City, OK	3.0	1.0	974	$1,245	$1.28	17d	1	0.47mi
4016 SE 47th St Oklahoma City, OK	3.0	1.5	1245	$1,199	$0.96	5d	1	0.48mi
4008 SE 47th St Oklahoma City, OK	3.0	1.5	1082	$1,145	$1.06	3d	1	0.50mi
4600 Loch Ln Oklahoma City, OK	2.0	1.0	834	$1,195	$1.43	21d	1	0.53mi
4702 Loch Ln Unit 4309 Oklahoma City, OK	2.0	1.0	950	$1,200	$1.26	5d	1	0.56mi
4104 SE 45th Ter Oklahoma City, OK	4.0	1.5	1111	$1,275	$1.15	2d	1	0.58mi
3916 SE 46th St Oklahoma City, OK	3.0	1.5	1220	$1,295	$1.06	24d	1	0.59mi
4328 Edinburg Way Del City, OK	3.0	2.0	1145	$1,499	$1.31	24d	1	0.62mi
4004 SE 45th Ter Oklahoma City, OK	3.0	1.0	1006	$995	$0.99	24d	1	0.63mi
4700 SE 42nd St Oklahoma City, OK	3.0	2.0	1130	$1,400	$1.24	24d	1	0.68mi
4700 Clendon Way Oklahoma City, OK	3.0	2.0	1434	$1,450	$1.01	15d	1	0.72mi
3741 SE 48th Pl Oklahoma City, OK	3.0	2.0	1370	$1,225	$0.89	3d	1	0.75mi
3925 SE 59th St Oklahoma City, OK	2.0	1.5	993	$1,211	$1.22	22d	1	0.76mi
5707 SE 48th St Oklahoma City, OK	1.0–3.0	1.0–2.0	899	$1,363	$1.52	2d	6	0.91mi
5609 Evanbrook Ter Oklahoma City, OK	3.0	2.0	1175	$1,395	$1.19	24d	1	0.92mi
5609 Evanbrook Ter Oklahoma City, OK	3.0	2.0	1175	$1,395	$1.19	2d	1	0.92mi
3451 SE 44th St Unit 269 Del City, OK	2.0	1.0	924	$850	$0.92	3d	1	0.92mi
3451 SE 44th St Oklahoma City, OK	1.0–3.0	1.0–2.0	974	$950	$0.98	12d	4	0.92mi
5010 Avion Ct Oklahoma City, OK	3.0	2.0	1208	$1,435	$1.19	18d	1	0.93mi
3409 Parker Dr Oklahoma City, OK	3.0	1.0	918	$1,250	$1.36	5d	1	0.95mi
4116 Overland Dr Oklahoma City, OK	3.0	2.0	1363	$1,500	$1.10	2d	1	0.95mi
3424 Parker Dr Oklahoma City, OK	3.0	1.0	1125	$450	$0.40	44d	1	0.99mi
5316 S Briarwood Dr Oklahoma City, OK	3.0	2.0	980	$1,149	$1.17	24d	1	0.99mi
5024 Brookdale St Oklahoma City, OK	3.0	1.5	1039	$1,550	$1.49	22d	1	1.06mi
5305 Brookdale St Oklahoma City, OK	3.0	2.0	1205	$1,195	$0.99	12d	1	1.07mi
5900 SE 48th St Oklahoma City, OK	2.0–3.0	1.0–2.0	1132	$1,299	$1.15	5d	1	1.10mi
3205 SE 55th St Oklahoma City, OK	3.0	1.5	1119	$1,300	$1.16	44d	1	1.12mi
5012 Creekwood Ter Oklahoma City, OK	3.0	1.5	1250	$1,395	$1.12	44d	1	1.12mi
4608 Tinker Rd Oklahoma City, OK	3.0	1.0	1123	$1,200	$1.07	2d	1	1.12mi

Listing history 7 events

1. 2026-06-18
   status $133,500 Pending 6 DOM
2. 2026-06-17
   days on market $133,500 Active 6 DOM
3. 2026-06-16
   days on market $133,500 Active 5 DOM
4. 2026-06-15
   days on market $133,500 Active 4 DOM
5. 2026-06-13
   days on market $133,500 Active 2 DOM
6. 2026-06-13
   remarks 693-char remark
7. 2026-06-13
   listed $133,500 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: $1,571 · $131/mo
• Projected year-2 tax: $1,571 · $131/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,242
• − Mortgage interest: −$7,478
• − Property taxes: −$1,571
• − Insurance: −$668
• − Repairs & maintenance: −$1,299
• − Management: −$1,299
• − Depreciation: −$3,884
• Taxable income: $43
• Est. tax owed @ 24.0%: −$10
• After-tax cash flow: $2,182/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: Midwest City-Del City
• NCES district ID: 4019950
• Math proficiency: 10% ▼ -11.00%
• Reading proficiency: 17% ▼ -8.00%
• Median HH income: $45,724
• Composite: 12.09/100
• National rank: #9658
• State rank: #231 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): 22,022
• Household income: $63,478
• Rent vs Own: 44.8% rent · 55.2% own
• Severe rent burden: 1083.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 41% Black 25% Hispanic / Latino 19% Two or more races 15% Asian 6% Native American 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 83% English-only · Spanish 11% Vietnamese 3% 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: ▼ -20.17%
• Current HPI: 232.4241
• Rent YoY: ▲ 4.76%
• 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

+60.8% since first listed

4 events — show timeline

• 2026-06-11 Listed $133,500 MLSOK
• 2015-07-13 Sold (MLS) $83,000 MLSOK
• 2015-05-22 Pending — MLSOK
• 2015-05-13 Listed $83,000 MLSOK

Property tax history

+4.5%/yr

Latest (2025): $1,571 · +3.3% YoY. Source: county tax records.