2140 NE 26th St · Oklahoma City, OK 73111

$80,000

3 bd · 1.0 ba · 1,106 sqft · SingleFamily public records · 12 Days on market

Built 1948 3,358 sqft lot Est $105k · 24% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 2140 NE 26th St! This 3-bedroom, 1-bath home offers 1,346 square feet of living space and features a partially converted garage area with endless possibilities. Whether you're looking for a home office, workout room, hobby space, additional storage, or future expansion potential, this flexible area adds value and versatility. Conveniently located just minutes from Downtown OKC, the Capitol Complex, OU Health, shopping, dining, and I-235. A great opportunity for homeowners and investors alike.

Key facts

• Workout room
• Additional storage
• Hobby space

Tags

• PARTIALLY CONVERTED GARAGE
• HOME OFFICE
• WORKOUT ROOM
• HOBBY SPACE
• ADDITIONAL STORAGE
• FUTURE EXPANSION POTENTIAL

Property features AI

Finance

• Other: Property located just east of I-235 with quick access to NE 23rd St, Downtown OKC, hospitals, and major highways; Not homesteaded; No storm shelter; Legal addition: Lyon 2nd Add; Listing status: Active
• Financial info: Loan qualification: Yes
• HOA & community: No mandatory association dues

Exterior

• Parking: 1-car garage
• Utilities: Assessor-listed living area: 1,346 (source: Assessor)
• Home design: Single-family residence; One-level home; Residential property
• Construction: Brick and frame construction; Composition roof; Combination foundation; Existing structure
• Exterior features: Open patio; Interior lot

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating
• Interior features: Open living area; No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $450 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 13.0% 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: Adams Es (math 8% / reading 2%, grade F, #766 of 845 statewide, top 94%, 406 students, 0% FRL); Classen Ms of Advanced Studies (math 35% / reading 46%, grade F, #6 of 345 statewide, top 1%, 855 students, 0% FRL); Southeast Hs (math 8% / reading 17%, grade F, #355 of 447 statewide, top 80%, 854 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 (+2.1%/yr); 83 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).
• This rent runs 35% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 2.1% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $11k; list at $80k implies a 627% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $80,000

Questions for the listing agent

1. Built in 1948 — 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: 1.45% ✓
• Cap rate: 13.04%
• Cash-on-cash: 24.08%
• DSCR: 2.07
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $105,070
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2103 NE 26th St	0.11mi	3/1.0	1,179 (+7%)	2mo	$110,000	$93	82
2715 N Missouri Ave	0.41mi	3/1.0	1,141 (+3%)	7mo	$140,000	$123	70
1600 E Madison St	0.66mi	3/1.0	1,134 (+2%)	5mo	$95,000	$84	61
2204 N Jordan Ave	0.72mi	2/1.0 (-1)	1,121 (+1%)	3mo	$57,500	$51	57
2412 E Madison St	0.27mi	3/2.0	1,262 (+14%)	4mo	$160,000	$127	57
2032 NE Grand Blvd	0.62mi	2/1.0 (-1)	1,040 (-6%)	2mo	$45,000	$43	54
2200 N Rhode Island Ave	0.61mi	3/1.0	1,190 (+8%)	6mo	$154,900	$130	53
2021 N Page Ave	0.56mi	3/1.0	1,005 (-9%)	7mo	$95,000	$95	53
1716 N Highland Dr	0.68mi	3/1.0	1,040 (-6%)	7mo	$145,000	$139	53
1637 NE 32nd St	0.68mi	3/1.5	1,235 (+12%)	2mo	$157,900	$128	45
1908 NE Grand Blvd	0.71mi	3/1.0	998 (-10%)	6mo	$85,000	$85	45
2127 NE 19th St	0.54mi	2/1.5 (-1)	1,271 (+15%)	3mo	$67,500	$53	40

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 · 2.13% rent growth · sell at horizon

5-year hold

• IRR: 16.4%
• Equity multiple: 1.65×
• Total profit: $14,623
• Equity at exit: $11,928

10-year hold

• IRR: 24.3%
• Equity multiple: 3.03×
• Total profit: $45,396
• Equity at exit: $6,917

Cash invested: $22,400 (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 73111

• Home prices YoY: -13.6%
• Rents YoY: 2.1%
• Active inventory: 83
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,160 high
• Mortgage (P&I): −$420
• Tax from tax record: −$14 /mo · $167/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $450

Break-even live

Break-even rent $591

Max offer price $80,000

Occupancy floor 56%

Sensitivity live

Price	-10% $495	-5% $472	+0% $450	+5% $336	+10% $308
Rent	-10% $358	-5% $404	+0% $450	+5% $495	+10% $541
Rate	-1.0pp $490	-0.5pp $470	base $450	+0.5pp $429	+1.0pp $408

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2313 NE 23rd St Oklahoma City, OK	3.0	2.5	1500	$1,095	$0.73	45d	1	0.27mi
2020 NE 30th St Oklahoma City, OK	3.0	1.0	1056	$1,150	$1.09	45d	1	0.30mi
2112 NE 23rd St Oklahoma City, OK	3.0	1.0	1117	$1,070	$0.96	18d	1	0.30mi
1931 NE 25th St Unit 10 Oklahoma City, OK	2.0	1.0	900	$875	$0.97	25d	1	0.31mi
1921 NE 25th St Unit 3 Oklahoma City, OK	2.0	1.0	900	$875	$0.97	21d	1	0.34mi
2300 Granada Blvd Oklahoma City, OK	3.0	1.0	999	$1,000	$1.00	13d	1	0.34mi
1904 NE 25th St Oklahoma City, OK	2.0	1.0	939	$950	$1.01	5d	1	0.38mi
2308 NE 21st St Oklahoma City, OK	3.0	1.0	1400	$1,250	$0.89	4d	1	0.42mi
2107 Hardin Dr Oklahoma City, OK	3.0	1.0	999	$875	$0.88	45d	1	0.46mi
2200 Hardin Dr Oklahoma City, OK	3.0	1.0	1091	$1,025	$0.94	45d	1	0.47mi
2132 Miramar Blvd Oklahoma City, OK	2.0	1.0	768	$800	$1.04	4d	1	0.47mi
1812 NE 24th St Oklahoma City, OK	3.0	1.0	1071	$1,175	$1.10	4d	1	0.50mi
1712 NE 25th St Oklahoma City, OK	4.0	1.0	1100	$1,550	$1.41	45d	1	0.55mi
2143 NE 19th St Oklahoma City, OK	2.0	1.0	1265	$945	$0.75	45d	1	0.57mi
2604 NE 21st St Oklahoma City, OK	3.0	1.0	1260	$995	$0.79	25d	1	0.58mi
2132 NE 19th St Oklahoma City, OK	2.0	1.0	850	$950	$1.12	45d	1	0.60mi
1637 Bishop Bobby L Williams Dr Oklahoma City, OK	2.0	1.0	820	$1,150	$1.40	45d	1	0.63mi
2036 NE Grand Blvd Oklahoma City, OK	2.0	1.0	1092	$995	$0.91	4d	1	0.63mi
2616 NE Success St Oklahoma City, OK	3.0	2.0	1312	$1,350	$1.03	25d	1	0.69mi
2620 NE 19th St Oklahoma City, OK	2.0	1.0	900	$995	$1.11	45d	1	0.74mi
1722 NE 20th St Oklahoma City, OK	2.0	1.0	800	$1,070	$1.34	45d	1	0.75mi
1701 NE 34th St Oklahoma City, OK	2.0	1.5	900	$1,000	$1.11	45d	1	0.75mi
1727 NE 19th St Oklahoma City, OK	3.0	1.0	892	$995	$1.12	45d	1	0.76mi
1621 NE 33rd St Oklahoma City, OK	3.0	2.0	1500	$1,975	$1.32	45d	1	0.77mi
1709 N Page Ave Oklahoma City, OK	2.0	1.0	967	$895	$0.93	25d	1	0.78mi
2265 NE 16th Ter Oklahoma City, OK	4.0	2.0	1356	$1,400	$1.03	45d	1	0.79mi
2705 NE 18th St Oklahoma City, OK	3.0	2.0	1399	$1,000	$0.71	23d	1	0.80mi
1438 NE 27th St Oklahoma City, OK	3.0	1.0	736	$1,000	$1.36	45d	1	0.80mi
1439 NE 24th St Oklahoma City, OK	3.0	1.0	874	$1,025	$1.17	17d	1	0.80mi
2501 NE 16th St Oklahoma City, OK	2.0	1.0	941	$1,100	$1.17	45d	1	0.80mi
2908 N Fonshill Ave Oklahoma City, OK	3.0	2.0	1325	$1,225	$0.92	45d	1	0.83mi
1426 NE 24th St Oklahoma City, OK	4.0	1.0	1280	$1,200	$0.94	4d	1	0.84mi
2709 N Fonshill Ave Oklahoma City, OK	2.0	1.0	949	$1,100	$1.16	25d	1	0.85mi
1609 NE 18th St Oklahoma City, OK	2.0	1.0	899	$900	$1.00	5d	1	0.88mi
1401 NE 22nd St Oklahoma City, OK	2.0	1.0	728	$1,100	$1.51	25d	1	0.91mi
1801 N Jordan Ave Oklahoma City, OK	2.0	1.0	1080	$1,000	$0.93	16d	1	0.94mi
1321 Bellevidere Dr Oklahoma City, OK	3.0	2.0	1000	$1,200	$1.20	25d	1	0.95mi
1501 NE Grand Blvd Oklahoma City, OK	3.0	1.0	1204	$1,200	$1.00	5d	1	0.96mi
2520 NE 14th St Oklahoma City, OK	3.0	1.0	1070	$1,099	$1.03	45d	1	0.97mi
2105 NE 12th St Oklahoma City, OK	3.0	2.0	1180	$1,650	$1.40	23d	1	1.06mi

Listing history 8 events

1. 2026-06-16
   statusdays on market $80,000 Pending 12 DOM
2. 2026-06-15
   days on market $80,000 Active 11 DOM
3. 2026-06-13
   days on market $80,000 Active 9 DOM
4. 2026-06-09
   days on market $80,000 Active 5 DOM
5. 2026-06-08
   days on market $80,000 Active 4 DOM
6. 2026-06-07
   days on market $80,000 Active 3 DOM
7. 2026-06-05
   remarks 508-char remark
8. 2026-06-05
   listed $80,000 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: $167 · $14/mo
• Projected year-2 tax: $720 · $60/mo
• Expected delta: +$553/yr (+$46/mo · 332.0%)

ⓘ 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 5/10 Major 6 d/yr ≥107°F today · 16 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,918
• − Mortgage interest: −$4,481
• − Property taxes: −$167
• − Insurance: −$400
• − Repairs & maintenance: −$1,113
• − Management: −$1,113
• − Depreciation: −$2,327
• Taxable income: $4,316
• Est. tax owed @ 24.0%: −$1,036
• After-tax cash flow: $4,358/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): 10,727
• Household income: $40,340
• Rent vs Own: 45.8% rent · 54.2% own
• Severe rent burden: 804.0

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: Predominantly Black (76%)
• Race & ethnicity: Black 76% White 13% Two or more races 7% Hispanic / Latino 6% Native American 2%
• Hispanic origin (detail): Mexican 4%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 6%

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: ▼ -34.64%
• Current HPI: 220.6395
• Rent YoY: ▲ 2.13%
• 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

+627.3% since first listed

2 events — show timeline

• 2026-06-04 Listed $80,000 MLSOK
• 1976-09-01 Sold (Public Records) $11,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $167 · +4.5% YoY. Source: county tax records.