1344 SW 62nd St · Oklahoma City, OK 73159

$125,000

3 bd · 1.0 ba · 878 sqft · SingleFamily public records · 4 Days on market

Built 1961 6,543 sqft lot Est $138k · 9% 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 +21.2/30.0
• ARV discount +11.7/15.0
• DSCR +6.8/10.0
• 1% rule +4.9/10.0
• Livability +4.0/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks

1344 SW 62nd Street | Hillcrest Heights, Southwest OKC 3 Bed 1 Bath | 878 sq ft | $125,000 | No HOA At $125,000 with brand new roof, new furnace, updated bathroom, and move-in ready condition, this is the starter home or rental addition you've been waiting for. All the big-ticket items are already handled. You're buying turnkey at a price that actually makes sense. Recent updates tell the story: 2025 roof with 16 new rafters gives. 2026 new furnace. Updated bathroom with new tub, new surround, and reworked plumbing (new shower stack). Several new solid core doors. Fresh LVP flooring. This 1961 ranch is neutral, clean, and ready for you to add your personal touch without the stress of major

Key facts

• 6,543 sq ft lot
• Garage
• Built 1961

Property features AI

Finance

• Other: Existing property; Located in Hillcrest Heights Add
• Financial info: Loan qualification possible; Not assumable
• HOA & community: No mandatory association dues

Exterior

• Parking: 1-car garage
• Home design: Single family residence; One-level home; Faces south; Residential property
• Construction: Brick and frame construction; Composition roof (new 2024); Slab foundation
• Exterior features: Wood fence; Interior lot

Interior

• Kitchen: Built-in gas range; Built-in gas oven
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Interior features: One living area; One dining area; No fireplace; No in-law plan

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $181 ($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 $124k (0.5% below list).
• Recommended offer: $124k (0.5% below list) — sets the bar for 1% rule.
• Cap rate 8.0% 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: Prairie Queen Es (math 6% / reading 5%, grade F, #763 of 845 statewide, top 91%, 615 students, 0% FRL); U. S. Grant Hs (math 2% / reading 7%, grade F, #442 of 447 statewide, top 99%, 1,594 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: Rents rising (+3.5%/yr); 38 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $864 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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $13k; list at $125k implies a 874% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $124,314 (0.5% below list)

Questions for the listing agent

1. Built in 1961 — 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: 0.99% ✗
• Cap rate: 8.03%
• Cash-on-cash: 6.21%
• DSCR: 1.28
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $137,846
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1344 SW 62nd St	0.00mi	3/1.0	878 (0%)	1mo	$127,000	$145	99
1408 SW 62nd St	0.05mi	3/1.0	858 (-2%)	2mo	$140,000	$163	92
1324 SW 61st St	0.12mi	2/1.0 (-1)	869 (-1%)	6mo	$120,000	$138	83
1600 SW 64th St	0.29mi	2/1.0 (-1)	883 (+1%)	2mo	$155,000	$176	79
1432 SW 60th St	0.19mi	3/1.5	942 (+7%)	2mo	$133,000	$141	76
1433 SW 60th St	0.21mi	3/1.5	942 (+7%)	4mo	$160,000	$170	73
1521 SW 60th St	0.31mi	3/1.0	963 (+10%)	5mo	$155,000	$161	65
1600 SW 61st St	0.29mi	2/1.0 (-1)	928 (+6%)	9mo	$112,500	$121	64
1020 SW 65th St	0.47mi	3/1.0	956 (+9%)	1mo	$139,000	$145	63
1613 SW 68th St	0.44mi	2/1.0 (-1)	908 (+3%)	8mo	$145,000	$160	62
5700 S Blackwelder Ave	0.48mi	2/1.0 (-1)	797 (-9%)	14mo	$125,000	$157	45
1005 SW 67th St	0.54mi	3/1.5	1,002 (+14%)	8mo	$131,000	$131	42

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 · 3.49% rent growth · sell at horizon

5-year hold

• IRR: -6.2%
• Equity multiple: 0.77×
• Total profit: $-8,119
• Equity at exit: $18,638

10-year hold

• IRR: 3.9%
• Equity multiple: 1.29×
• Total profit: $10,263
• Equity at exit: $10,808

Cash invested: $35,000 (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 73159

• Rents YoY: 3.5%
• Active inventory: 38
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,243 high
• Mortgage (P&I): −$656
• Tax from tax record: −$93 /mo · $1,119/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $181

Break-even live

Break-even rent $1,014

Max offer price $125,000

Occupancy floor 80%

Sensitivity live

Price	-10% $252	-5% $217	+0% $181	+5% $146	+10% $110
Rent	-10% $83	-5% $132	+0% $181	+5% $230	+10% $279
Rate	-1.0pp $244	-0.5pp $213	base $181	+0.5pp $149	+1.0pp $116

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1344 SW 62nd St Oklahoma City, OK	3.0	1.0	878	$1,300	$1.48	3d	1	0.03mi
1432 SW 61st Ter Oklahoma City, OK	3.0	1.5	891	$1,145	$1.29	45d	1	0.15mi
1433 SW 60th St Oklahoma City, OK	3.0	2.0	942	$1,400	$1.49	45d	1	0.24mi
1402 SW 59th St Apt 1112 Oklahoma City, OK	2.0	1.5	925	$980	$1.06	45d	1	0.25mi
1402 SW 59th St Apt 3201 Oklahoma City, OK	2.0	1.0	950	$865	$0.91	45d	1	0.26mi
1402 SW 59th St Unit 3202 Oklahoma City, OK	2.0	1.0	950	$865	$0.91	24d	1	0.26mi
1020 SW 65th St Oklahoma City, OK	3.0	1.0	956	$1,330	$1.39	45d	1	0.44mi
1004 SW 62nd St Oklahoma City, OK	3.0	1.0	968	$1,295	$1.34	5d	1	0.47mi
2120 SW 61st St Oklahoma City, OK	3.0	1.0	1101	$1,200	$1.09	45d	1	0.48mi
6111 S Klein Ave Oklahoma City, OK	2.0–3.0	1.0	617	$900	$1.46	4d	3	0.51mi
1105 W I-240 Service Rd Oklahoma City, OK	2.0	2.0	1000	$945	$0.94	22d	1	0.75mi
1105 W Interstate 240 Service Rd Unit 1111-1 Oklahoma City, OK	2.0	1.0	950	$895	$0.94	24d	1	0.75mi
1105 1/2 W Interstate 240 Service Rd Oklahoma City, OK	1.0–2.0	1.0–2.0	875	$945	$1.08	17d	14	0.76mi
1338 South Dr Oklahoma City, OK	2.0	1.0	720	$1,150	$1.60	17d	1	0.88mi
1332 SW 77th Pl Oklahoma City, OK	2.0	1.0	1000	$1,195	$1.20	24d	1	0.93mi
616 SW 59th St Unit 43 Oklahoma City, OK	2.0	1.0	775	$900	$1.16	45d	1	0.97mi
5909 S Lee Ave Oklahoma City, OK	1.0–2.0	1.0	775	$980	$1.26	5d	5	1.01mi
2300 SW 74th St Oklahoma City, OK	1.0–2.0	1.0–1.5	771	$1,050	$1.36	45d	1	1.04mi
800 SW 52nd St Oklahoma City, OK	2.0	1.0	920	$995	$1.08	24d	1	1.05mi
16 SW Duplex Units Oklahoma City, OK	2.0	2.0	1000	$1,502	$1.50	4d	5	1.12mi
449 SW 63rd Pl Unit 6400 S Byers Oklahoma City, OK	3.0	1.0	775	$850	$1.10	24d	1	1.13mi
7255 S Walker Ave Oklahoma City, OK	2.0	2.0	850	$949	$1.12	3d	1	1.14mi
717 Santa Rosa Dr Oklahoma City, OK	1.0–3.0	1.0–1.5	1025	$1,300	$1.27	3d	42	1.20mi
8217 S Klein Ave Oklahoma City, OK	2.0	1.5	1000	$995	$0.99	17d	1	1.22mi
2728 SW 65th St Oklahoma City, OK	3.0	1.0	863	$1,250	$1.45	5d	1	1.25mi
5542 S Walker Ave Oklahoma City, OK	2.0	1.0	681	$920	$1.35	3d	1	1.27mi
620 SW 50th St Oklahoma City, OK	2.0	1.0	977	$1,100	$1.13	3d	1	1.29mi
2759 W I 240 Service Rd Oklahoma City, OK	1.0–2.0	1.0–1.5	725	$924	$1.27	5d	4	1.29mi
1004 SW 45th St Oklahoma City, OK	2.0	1.0	756	$950	$1.26	24d	1	1.30mi
2813 SW 62nd St Oklahoma City, OK	3.0	1.5	1001	$1,400	$1.40	24d	1	1.30mi
2600 W Interstate 240 Service Rd Unit 2731 Oklahoma City, OK	2.0	1.5	1056	$999	$0.95	45d	1	1.31mi
2600 W Interstate 240 Service Rd Unit 2729 Oklahoma City, OK	2.0	1.5	1056	$999	$0.95	24d	1	1.31mi
2412 SW 47th St Oklahoma City, OK	3.0	1.0	638	$1,150	$1.80	24d	1	1.34mi
2500 SW 48th St Oklahoma City, OK	2.0	1.0	1096	$1,050	$0.96	45d	1	1.35mi
2741 SW 54th Pl Oklahoma City, OK	3.0	2.0	1059	$1,249	$1.18	3d	1	1.40mi
6050 S Harvey Ave Apt 103 Oklahoma City, OK	2.0	1.0	780	$929	$1.19	24d	1	1.41mi
6050 S Harvey Ave Oklahoma City, OK	2.0	1.0	780	$929	$1.19	45d	1	1.41mi
2908 SW 62nd St Oklahoma City, OK	3.0	1.5	936	$1,450	$1.55	3d	1	1.43mi
4330 S Barnes Ave Oklahoma City, OK	1.0–3.0	1.0–2.0	860	$1,099	$1.28	5d	9	1.46mi

Listing history 3 events

1. 2026-05-12
   status Pending
2. 2026-05-07
   listed $125,000 Active
3. 1976-01-01
   soldstatus $12,833

ⓘ 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: $1,119 · $93/mo
• Projected year-2 tax: $1,125 · $94/mo
• Expected delta: +$6/yr ($0/mo · 0.5%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 47% 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 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,918
• − Mortgage interest: −$7,002
• − Property taxes: −$1,119
• − Insurance: −$625
• − Repairs & maintenance: −$1,193
• − Management: −$1,193
• − Depreciation: −$3,636
• Taxable income: $148
• Est. tax owed @ 24.0%: −$36
• After-tax cash flow: $2,139/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): 31,447
• Household income: $54,642
• Rent vs Own: 46.5% rent · 53.5% own
• Severe rent burden: 1138.0

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 0.69)
• Race & ethnicity: White 46% Hispanic / Latino 31% Two or more races 15% Black 9% Asian 5% Native American 5%
• Hispanic origin (detail): Mexican 27%
• Common ancestry: Italian 2% Slovak 1% Serbian 1%
• Foreign-born: 14% · Canada, Vietnam, Dominican Republic
• Languages at home: 69% English-only · Spanish 24% Vietnamese 4% 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: ▼ -142.40%
• Current HPI: 245.4497
• Rent YoY: ▲ 3.49%
• 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

+874.1% since first listed

3 events — show timeline

• 2026-05-12 Pending — MLSOK
• 2026-05-07 Listed $125,000 MLSOK
• 1976-01-01 Sold (Public Records) $12,833 Public Records

Property tax history

+3.0%/yr

Latest (2025): $1,119 · +4.4% YoY. Source: county tax records.