304 N 5th St · Enid, OK 73701

$68,900

2 bd · 1.0 ba · 1,276 sqft · SingleFamily public records · 49 Days on market

Built 1920 Est $60k · 15% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Rent growth +3.3/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• ARV discount +0.8/15.0
• Appreciation +0.0/10.0

Listing remarks

Step into the charm and potential of this delightful 2-bedroom, 1-bathroom home at 304?N?5th?St, Enid, OK?73701. Spanning 1,276 square feet, this residence is a canvas for your vision—featuring a brand-new electrical panel and wiring, all-new plumbing, and a fresh remodel that’s nearly complete. The only finishing touches needed are in the attached utility room, offering a perfect opportunity to personalize the space to your taste. Priced attractively at $68,900, this home stands out in a neighborhood. a smart investment in today’s balanced market. Imagine cozy evenings in a home that blends modern updates with classic appeal, all while being just minutes from local amenit

Key facts

• All new plumbing
• Fresh remodel
• Built 1920

Tags

• BRAND NEW ELECTRICAL PANEL
• ALL NEW PLUMBING
• FRESH REMODEL
• ATTACHED UTILITY ROOM
• MINUTES FROM LOCAL AMENITIES

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Single-story
• Construction: Residential construction
• Exterior features: Corner lot; Chain-link fence; Composition roof; Faces south

Interior

• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Interior features: Vinyl flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $304 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($945 rent vs $69k).
• Recommended offer: $67k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 5.0% in Enid — 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 63/100 on livability (#212 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, schools D-, crime F.
• Enid (town): math 19% / reading 22% proficiency, ranked #168 of 270 in OK (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.2%/yr); 79 active listings in the ZIP; 19 units permitted in Garfield County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $476 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Garfield County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.2% rent growth), your $19k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($67k) is reasonable based on typical stale-listing flexibility.

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 $66,833 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.37% ✓
• Cap rate: 11.59%
• Cash-on-cash: 18.92%
• DSCR: 1.84
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $59,972
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
109 N 5th St	0.13mi	2/1.0	1,229 (-4%)	14mo	$44,900	$37	76
440 E Walnut Ave	0.33mi	3/1.0 (+1)	1,292 (+1%)	13mo	$41,000	$32	66
442 N Davis St	0.57mi	2/1.0	1,215 (-5%)	4mo	$37,000	$30	62
1018 E Pine Ave	0.52mi	2/1.0	1,182 (-7%)	4mo	$55,000	$47	60
735 N 10 St	0.59mi	3/2.0 (+1)	1,244 (-2%)	5mo	$85,000	$68	55
1016 E Pine Ave	0.51mi	2/1.0	1,348 (+6%)	15mo	$60,000	$45	54
566 N Malone St	0.32mi	3/1.0 (+1)	1,164 (-9%)	15mo	$35,000	$30	53
322 N 11th St	0.50mi	2/1.0	1,090 (-15%)	0mo	$29,000	$27	52
621 N 12th St	0.70mi	3/1.5 (+1)	1,230 (-4%)	4mo	$74,200	$60	51
1309 E Randolph Ave	0.74mi	3/1.0 (+1)	1,212 (-5%)	16mo	$87,500	$72	39
1215 E Elm Ave	0.66mi	3/1.0 (+1)	1,140 (-11%)	12mo	$65,000	$57	36
354 E Cedar Ave	0.67mi	3/1.0 (+1)	1,102 (-14%)	7mo	$108,000	$98	35

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 · 3.16% rent growth · sell at horizon

5-year hold

• IRR: 10.9%
• Equity multiple: 1.43×
• Total profit: $8,357
• Equity at exit: $10,273

10-year hold

• IRR: 20.1%
• Equity multiple: 2.70×
• Total profit: $32,828
• Equity at exit: $5,957

Cash invested: $19,292 (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 73701

• Home prices YoY: -30.2%
• Rents YoY: 3.2%
• Active inventory: 79
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $945 medium
• Mortgage (P&I): −$361
• Tax from tax record: −$52 /mo · $624/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $304

Break-even live

Break-even rent $560

Max offer price $68,900

Occupancy floor 63%

Sensitivity live

Price	-10% $343	-5% $324	+0% $304	+5% $285	+10% $265
Rent	-10% $230	-5% $267	+0% $304	+5% $342	+10% $379
Rate	-1.0pp $339	-0.5pp $322	base $304	+0.5pp $286	+1.0pp $268

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: $17,225
• Closing costs: $2,067
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-19
   days on market $68,900 Active 49 DOM
2. 2026-06-18
   days on market $68,900 Active 48 DOM
3. 2026-06-17
   days on market $68,900 Active 47 DOM
4. 2026-06-16
   days on market $68,900 Active 46 DOM
5. 2026-06-15
   days on market $68,900 Active 45 DOM
6. 2026-06-14
   days on market $68,900 Active 43 DOM
7. 2026-06-12
   days on market $68,900 Active 42 DOM
8. 2026-06-09
   days on market $68,900 Active 39 DOM
9. 2026-06-08
   days on market $68,900 Active 38 DOM
10. 2026-06-07
    days on market $68,900 Active 37 DOM
11. 2026-06-02
    days on market $68,900 Active 32 DOM
12. 2026-06-01
    days on market $68,900 Active 31 DOM
13. 2026-05-31
    days on market $68,900 Active 30 DOM
14. 2026-05-30
    days on market $68,900 Active 29 DOM
15. 2026-04-30
    listed $68,900 Active

ⓘ 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: $624 · $52/mo
• Projected year-2 tax: $624 · $52/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,336
• − Mortgage interest: −$3,859
• − Property taxes: −$624
• − Insurance: −$344
• − Repairs & maintenance: −$907
• − Management: −$907
• − Depreciation: −$2,004
• Taxable income: $2,690
• Est. tax owed @ 24.0%: −$645
• After-tax cash flow: $3,005/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: Enid
• NCES district ID: 4010920
• Math proficiency: 19% ▼ -11.00%
• Reading proficiency: 22% ▼ -9.00%
• Median HH income: $42,389
• Composite: 17.59/100
• National rank: #9040
• State rank: #168 of 270 in OK

Livability — Enid

• Score: 63/100
• State rank: #212
• US rank: #15472

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Enid, OK
• County: Garfield County · 55,032 people
• City population: 55,032
• Metro: Enid, OK
• Population (ZIP): 24,476
• Household income: $50,843
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 576.0

Population outlook (Garfield County) Hauer SSP2

• Today (2025): 69,026 people
• By 2030: 72,171 · +4.6%
• By 2040: 79,366 · +15.0%
• By 2050: 87,847 · +27.3%
• By 2075: 112,714 · +63.3%
• By 2100: 135,682 · +96.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 58% Hispanic / Latino 22% Two or more races 11% Pacific Islander 10% Native American 4% Black 2%
• Hispanic origin (detail): Mexican 21%
• Common ancestry: Iranian 4% Lithuanian 2% Slovak 1%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 14% Other Asian/Pacific 6%

Political lean MEDSL · Garfield

• 2024 margin: Solid R (+53.8) · D 22.2% · R 76.0% · Other 1.8%
• 2008→2024 swing: -2.8pp toward R · 2008: -51.0pp · 2024: -53.8pp
• All cycles: 2024: R+53.8 2020: R+53.7 2016: R+53.5 2012: R+52.5 2008: R+51.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.42%
• Current HPI: 169.408
• Rent YoY: ▲ 3.16%
• Metro: Enid, 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

1 event — show timeline

• 2026-04-30 Listed $68,900 NWOAR

Property tax history

+21.4%/yr

Latest (2025): $624 · +167.8% YoY. Source: county tax records.