504 Highland Dr · Bartlesville, OK 74003

$69,000

3 bd · 1.0 ba · 1,158 sqft · SingleFamily public records · 71 Days on market

Built 1984 7,375 sqft lot Est $102k · 32% under

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Why this score? — see what drove the A 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +3.2/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Check out this cute brick home just waiting for your touches!! This home features 3 bedrooms, 1.5 baths, 1 car garage and fenced back yard. There's also a storage shed for all your tools! Home needs some TLC, but would make an excellent investment property, first time home or even a down size.

Key facts

• 7,375 sq ft lot
• Garage
• Built 1984

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $486 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $65k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.8% vs local median 4.7% in Bartlesville — 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 64/100 on livability (#175 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, schools D+, crime D+.
• Bartlesville (town): math 30% / reading 29% proficiency, ranked #59 of 270 in OK (top 22%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 137 active listings in the ZIP; 46 units permitted in Washington County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $7k of equity ($477 loan paydown + $7k appreciation (10.0% local appreciation)).
• Washington County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($65k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 28y ago; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe 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 $64,859 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.72% ✓
• Cap rate: 14.75%
• Cash-on-cash: 30.21%
• DSCR: 2.34
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $101,904
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
504 Highland Dr	0.00mi	3/1.5	1,154 (-0%)	1mo	$60,000	$52	97
507 Highland Dr	0.03mi	3/1.5	1,162 (+0%)	2mo	$83,000	$71	94
430 NW Highland	0.09mi	3/1.0	1,138 (-2%)	6mo	$100,000	$88	88
520 Highland Dr	0.09mi	4/1.5 (+1)	1,149 (-1%)	4mo	$135,000	$117	84
705 Palmetto Rd	0.22mi	3/2.0	1,144 (-1%)	5mo	$120,000	$105	80
409 Highland Dr	0.20mi	3/1.5	1,100 (-5%)	3mo	$80,000	$73	78
709 Brentwood Rd	0.25mi	2/1.5 (-1)	1,141 (-2%)	2mo	$132,000	$116	78
522 Lindenwood Dr	0.14mi	3/1.5	1,070 (-8%)	2mo	$83,000	$78	78
402 Lahoma	0.28mi	3/1.5	1,233 (+6%)	1mo	$107,500	$87	73
421 NW Oak Park Rd	0.28mi	3/2.0	1,222 (+6%)	2mo	$115,000	$94	72
127 Forrest Park Rd	0.36mi	3/1.0	1,073 (-7%)	3mo	$82,500	$77	69
102 Parkview Dr	0.53mi	3/1.0	1,085 (-6%)	4mo	$123,500	$114	62

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 47.2%
• Equity multiple: 4.55×
• Total profit: $68,557
• Equity at exit: $62,161

10-year hold

• IRR: 41.1%
• Equity multiple: 10.19×
• Total profit: $177,532
• Equity at exit: $134,052

Cash invested: $19,320 (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 74003

• Home prices YoY: 5.0%
• Active inventory: 137
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,185 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$59 /mo · $706/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $486

Break-even live

Break-even rent $569

Max offer price $69,000

Occupancy floor 54%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-04-24
   status Pending
2. 2026-04-22
   price $69,000
3. 2026-03-06
   status Active
4. 2026-02-18
   status Pending
5. 2026-01-27
   listed $79,000 Active
6. 2021-09-07
   soldstatus $55,000 Closed 294-char remark

   Show marketing remark (294 chars)

   Check out this cute brick home just waiting for your touches!! This home features 3 bedrooms, 1.5 baths, 1 car garage and fenced back yard. There's also a storage shed for all your tools! Home needs some TLC, but would make an excellent investment property, first time home or even a down size.

7. 2021-07-30
   status Pending 294-char remark

   Show marketing remark (294 chars)

   Check out this cute brick home just waiting for your touches!! This home features 3 bedrooms, 1.5 baths, 1 car garage and fenced back yard. There's also a storage shed for all your tools! Home needs some TLC, but would make an excellent investment property, first time home or even a down size.

8. 2021-07-19
   listed $49,900 Active 294-char remark

   Show marketing remark (294 chars)

   Check out this cute brick home just waiting for your touches!! This home features 3 bedrooms, 1.5 baths, 1 car garage and fenced back yard. There's also a storage shed for all your tools! Home needs some TLC, but would make an excellent investment property, first time home or even a down size.

9. 2008-03-26
   soldstatus $58,000
10. 2008-03-20
    soldstatus $58,000 178-char remark

    Show marketing remark (178 chars)

    Neat & tidy. Cathedral ceiling in living room. Fully equiped kitchen with newer range. 4 ceiling fans. Fenced yard. Washer, dryer & fridge included but not warranted.

11. 2008-02-25
    historical 178-char remark

    Show marketing remark (178 chars)

    Neat & tidy. Cathedral ceiling in living room. Fully equiped kitchen with newer range. 4 ceiling fans. Fenced yard. Washer, dryer & fridge included but not warranted.

12. 2008-01-21
    listed $62,000 178-char remark

    Show marketing remark (178 chars)

    Neat & tidy. Cathedral ceiling in living room. Fully equiped kitchen with newer range. 4 ceiling fans. Fenced yard. Washer, dryer & fridge included but not warranted.

13. 1998-10-28
    soldstatus $27,500
14. 1998-05-20
    listed $31,900

ⓘ 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: $706 · $59/mo
• Projected year-2 tax: $706 · $59/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 8/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥113°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $14,215
• − Mortgage interest: −$3,865
• − Property taxes: −$706
• − Insurance: −$345
• − Repairs & maintenance: −$1,137
• − Management: −$1,137
• − Depreciation: −$2,007
• Taxable income: $5,017
• Est. tax owed @ 24.0%: −$1,204
• After-tax cash flow: $4,632/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: Bartlesville
• NCES district ID: 4003630
• Math proficiency: 30% ▼ -13.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $48,889
• Composite: 25.69/100
• National rank: #7389
• State rank: #59 of 270 in OK

Livability — Bartlesville

• Score: 64/100
• State rank: #175
• US rank: #13940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bartlesville, OK
• County: Washington County · 41,935 people
• City population: 41,935
• Metro: Bartlesville, OK
• Population (ZIP): 14,024
• Household income: $47,168
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 395.0

Population outlook (Washington County) Hauer SSP2

• Today (2025): 54,946 people
• By 2030: 56,249 · +2.4%
• By 2040: 58,867 · +7.1%
• By 2050: 61,600 · +12.1%
• By 2075: 69,355 · +26.2%
• By 2100: 73,067 · +33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Two or more races 14% Hispanic / Latino 7% Native American 7% Black 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+47.6) · D 25.0% · R 72.7% · Other 2.4%
• 2008→2024 swing: -3.1pp toward R · 2008: -44.6pp · 2024: -47.6pp
• All cycles: 2024: R+47.6 2020: R+48.0 2016: R+48.5 2012: R+47.8 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.78%
• Current HPI: 309.9534
• Rent YoY: —
• Metro: Bartlesville, 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

+116.3% since first listed

14 events — show timeline

• 2026-04-24 Pending — MLS Technology, Inc.
• 2026-04-22 Price Changed $69,000 MLS Technology, Inc.
• 2026-03-06 Relisted — MLS Technology, Inc.
• 2026-02-18 Pending — MLS Technology, Inc.
• 2026-01-27 Listed $79,000 MLS Technology, Inc.
• 2021-09-07 Sold (MLS) $55,000 MLS Technology, Inc.
• 2021-07-30 Pending — MLS Technology, Inc.
• 2021-07-19 Listed $49,900 MLS Technology, Inc.
• 2008-03-26 Sold (Public Records) $58,000 Public Records
• 2008-03-20 Sold (MLS) $58,000 MLS Technology, Inc.
• 2008-02-25 Listing Removed — MLS Technology, Inc.
• 2008-01-21 Listed $62,000 MLS Technology, Inc.
• 1998-10-28 Sold (Public Records) $27,500 Public Records
• 1998-05-20 Listed $31,900 MLS Technology, Inc.

Property tax history

+1.4%/yr

Latest (2025): $706 · -35.3% YoY. Source: county tax records.