1013 W College Ave · Blackwell, OK 74631

$25,000

2 bd · 1.0 ba · 1,413 sqft · SingleFamily public records · 14 Days on market

Built 1920 7,013 sqft lot Est $17k · 47% over

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Why this score? — see what drove the D- 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 +15.0/30.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +3.6/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

This 3 bedroom, 1 bathroom home offers approximately 1,413 square feet of living space and sits on a generous lot in Blackwell. The property will be sold as-is and does need some TLC, making it a solid opportunity for investors or buyers looking for a project.

Key facts

• Kitchen with stove
• Dining area
• Carport

Tags

• LARGE LIVING ROOM
• DINING AREA
• KITCHEN WITH STOVE
• KITCHEN WITH FRIDGE
• CARPORT
• DETACHED GARAGE

Property features AI

Exterior

• Parking: Detached carport; Detached 1-car garage; Total 1 parking space
• Utilities: Public water; Public sewer; Natural gas available and connected; Electricity connected
• Home design: Single-family residence; One story
• Construction: Frame construction; Composition roof
• Exterior features: Storm door(s); Fencing (unspecified type); Shed(s); Interior lot

Interior

• Kitchen: Refrigerator
• Flooring: Hardwood
• Bathrooms: One full bathroom
• Heating & cooling: Space heater; Ceiling fan(s); Window unit(s)
• Interior features: Ceiling fan(s); Window coverings; Storm windows
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $686 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Cap rate 39.2% vs local median 11.5% in Blackwell — 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 59/100 on livability (#385 in OK) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime D-, amenities F.
• Blackwell (town): math 27% / reading 23% proficiency, ranked #116 of 270 in OK (top 43%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 25 active listings in the ZIP; 11 units permitted in Kay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.8%/yr); year-one equity from $173 of loan paydown is wiped out by about $696 of value loss. Plan a longer hold.
• Kay County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-2.8% appreciation + 3.0% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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 $9k; list at $25k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $25,000

Questions for the listing agent

1. Built in 1920 — 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 D 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 4.31% ✓
• Cap rate: 39.23%
• Cash-on-cash: 117.62%
• DSCR: 6.23
• GRM: 1.9

CMA / ARV

• ARV (on-the-fly): $16,956
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1013 W College Ave	0.00mi	3/1.0 (+1)	1,413 (0%)	8mo	$9,000	$6	89
805 W Mckinley	0.37mi	3/1.0 (+1)	1,434 (+2%)	1mo	$15,000	$10	74
1002 S 9th St	0.45mi	2/1.0	1,328 (-6%)	0mo	$60,000	$45	69
737 Doolin Ave	0.71mi	3/1.0 (+1)	1,460 (+3%)	4mo	$18,000	$12	52
1305 S 10th St	0.74mi	3/2.0 (+1)	1,501 (+6%)	16mo	$181,000	$121	33

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

Projected returns pro-forma

-2.78% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.70×
• Total profit: $39,886
• Equity at exit: $3,968

10-year hold

• IRR: —
• Equity multiple: 14.03×
• Total profit: $91,244
• Equity at exit: $2,576

Cash invested: $7,000 (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 74631

• Home prices YoY: -1.5%
• Active inventory: 25
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,078 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$24 /mo · $287/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $686

Break-even live

Break-even rent $209

Max offer price $25,000

Occupancy floor 31%

Sensitivity live

Price	-10% $700	-5% $693	+0% $686	+5% $679	+10% $672
Rent	-10% $601	-5% $644	+0% $686	+5% $729	+10% $771
Rate	-1.0pp $699	-0.5pp $692	base $686	+0.5pp $680	+1.0pp $673

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-21
   days on market $25,000 Active 14 DOM
2. 2026-06-19
   days on market $25,000 Active 12 DOM
3. 2026-06-18
   days on market $25,000 Active 11 DOM
4. 2026-06-17
   days on market $25,000 Active 10 DOM
5. 2026-06-16
   days on market $25,000 Active 9 DOM
6. 2026-06-15
   days on market $25,000 Active 8 DOM
7. 2026-06-14
   days on market $25,000 Active 6 DOM
8. 2026-06-12
   days on market $25,000 Active 5 DOM
9. 2026-06-09
   days on market $25,000 Active 2 DOM
10. 2026-06-08
    remarks 463-char remark
11. 2026-06-08
    listed $25,000 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: $287 · $24/mo
• Projected year-2 tax: $287 · $24/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 ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $12,935
• − Mortgage interest: −$1,400
• − Property taxes: −$287
• − Insurance: −$125
• − Repairs & maintenance: −$1,035
• − Management: −$1,035
• − Depreciation: −$727
• Taxable income: $8,326
• Est. tax owed @ 24.0%: −$1,998
• After-tax cash flow: $6,235/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: Blackwell
• NCES district ID: 4004630
• Math proficiency: 27% ▼ -12.00%
• Reading proficiency: 23% ▼ -9.00%
• Median HH income: $37,923
• Composite: 20.93/100
• National rank: #8480
• State rank: #116 of 270 in OK

Livability — Blackwell

• Score: 59/100
• State rank: #385
• US rank: #20038

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Blackwell, OK
• City population: 6,795
• Population (ZIP): 6,795

Population outlook (Kay County) Hauer SSP2

• Today (2025): 43,389 people
• By 2030: 42,222 · -2.7%
• By 2040: 40,108 · -7.6%
• By 2050: 38,231 · -11.9%
• By 2075: 34,119 · -21.4%
• By 2100: 28,526 · -34.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 12% Two or more races 8% Native American 4%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Iranian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 8%

Political lean MEDSL · Kay

• 2024 margin: Solid R (+49.4) · D 24.4% · R 73.8% · Other 1.7%
• 2008→2024 swing: -7.8pp toward R · 2008: -41.6pp · 2024: -49.4pp
• All cycles: 2024: R+49.4 2020: R+51.0 2016: R+50.2 2012: R+42.6 2008: R+41.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -2.78%
• Current HPI: 183.6342
• 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

+67.8% since first listed

10 events — show timeline

• 2026-06-08 Listed $25,000 NCBOR
• 2025-10-29 Sold (MLS) $9,000 MLSOK
• 2025-10-16 Pending — MLSOK
• 2025-10-11 Price Changed $8,999 MLSOK
• 2025-10-07 Relisted — MLSOK
• 2025-10-03 Pending — MLSOK
• 2025-09-24 Price Changed $9,999 MLSOK
• 2025-09-20 Price Changed $12,999 MLSOK
• 2025-09-19 Price Changed $13,499 MLSOK
• 2025-09-13 Listed $14,900 MLSOK

Property tax history

+8.7%/yr

Latest (2025): $287 · +5.1% YoY. Source: county tax records.