2408 S Jensen Ave · El Reno, OK 73036

$175,000

3 bd · 2.0 ba · 1,331 sqft · SingleFamily public records · 4 Days on market

Built 1967 9,104 sqft lot Est $177k · at est.

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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 +16.9/30.0
• ARV discount +8.0/15.0
• DSCR +5.2/10.0
• Rent growth +3.5/5.0
• 1% rule +3.4/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

This is one of those rare homes you simply do not find very often! Owned and lovingly maintained by the same owners for nearly 40 years, pride of ownership is truly an understatement. From the moment you walk in, you will notice how incredibly well cared for this home has been — you could practically eat off the floors! Every room reflects years of careful maintenance and attention to detail. The spacious living room features beautiful engineered wood flooring and provides a warm, inviting space for relaxing or entertaining guests. The layout flows nicely into the kitchen area, creating a comfortable and functional setup for everyday living. The kitchen offers cabinetry and woodwork i

Key facts

• Pristine cabinetry
• Built-in gas range
• Inside utility room

Tags

• ENGINEERED WOOD FLOORING
• PRISTINE CABINETRY
• BUILT-IN GAS RANGE
• BUILT-IN OVEN
• INSIDE UTILITY ROOM
• IN-GROUND STORM SHELTER

Property features AI

Finance

• Other: Homestead qualified
• Financial info: Loan qualification available; Assumable loan: No
• HOA & community: No mandatory association dues

Exterior

• Parking: Concrete parking; 2-car garage; Garage door lift
• Utilities: Cable available; Electricity available; Natural gas available; Public utilities
• Home design: Single family residence; One level; Faces east; Residential property; Existing property
• Construction: Brick construction; Composition roof; Slab foundation; Built prior to listing (existing)
• Exterior features: Open patio; Outbuildings; Wood fencing; Interior lot; Underground sprinkler; Garage storm shelter (garage floor)

Interior

• Kitchen: Built-in range; Gas range; Built-in oven
• Bedrooms: 3 bedrooms
• Flooring: Combination of flooring; Laminate floors; Tile floors
• Bathrooms: 2 full bathrooms
• Interior features: Dishwasher; Inside utility; No fireplace
• Laundry & utility: Inside utility

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $114 ($1k/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 $147k (16.1% below list).
• Recommended offer: $147k (16.1% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 4.8% in El Reno — 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 67/100 on livability (#95 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, amenities F, commute F.
• El Reno (town): math 12% / reading 15% proficiency, ranked #232 of 270 in OK (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Rose Witcher Es (387 students, 0% FRL); Etta Dale Jhs (math 7% / reading 13%, grade F, #277 of 345 statewide, top 83%, 444 students, 0% FRL); El Reno Hs (math 16% / reading 19%, grade F, #307 of 447 statewide, top 69%, 980 students, 0% FRL) — zoned schools average 0% FRL vs 68% district-wide (68 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.2%/yr); 281 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 260 units permitted in Canadian County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Canadian County population projected at +64% 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,828 (16.1% below list)

Questions for the listing agent

1. Built in 1967 — 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. 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?
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: 0.84% ✗
• Cap rate: 7.07%
• Cash-on-cash: 2.79%
• DSCR: 1.12
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $177,023
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2005 S Jensen Ave	0.17mi	3/2.0	1,353 (+2%)	11mo	$165,000	$122	80
1317 S Miles Ave	0.47mi	3/2.0	1,334 (+0%)	0mo	$177,000	$133	78
201 W Osage Ave	0.22mi	3/2.0	1,240 (-7%)	9mo	$155,000	$125	71
624 Skyline Dr	0.41mi	3/1.5	1,388 (+4%)	5mo	$162,500	$117	68
807 Thompson Dr	0.52mi	3/2.0	1,350 (+1%)	9mo	$140,000	$104	66
300 Cherokee Ln	0.21mi	3/2.0	1,176 (-12%)	7mo	$175,000	$149	65
1502 S Miles Ave	0.27mi	3/1.5	1,180 (-11%)	2mo	$190,000	$161	65
1707 S Reno Ave	0.33mi	3/2.0	1,506 (+13%)	2mo	$195,000	$129	61
508 SW 24th St	0.22mi	4/2.0 (+1)	1,181 (-11%)	6mo	$189,900	$161	61
2916 S Choctaw Ave	0.42mi	2/2.0 (-1)	1,398 (+5%)	12mo	$165,000	$118	57
1417 Rinehart Dr	0.33mi	3/1.0	1,222 (-8%)	12mo	$169,000	$138	57
1305 S Reno Ave	0.60mi	3/1.0	1,136 (-15%)	5mo	$165,000	$145	39

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 · 4.19% rent growth · sell at horizon

5-year hold

• IRR: -10.8%
• Equity multiple: 0.60×
• Total profit: $-19,403
• Equity at exit: $26,093

10-year hold

• IRR: -0.1%
• Equity multiple: 0.99×
• Total profit: $-395
• Equity at exit: $15,131

Cash invested: $49,000 (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 73036

• Home prices YoY: -3.3%
• Rents YoY: 4.2%
• Active inventory: 281
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,468 high
• Mortgage (P&I): −$918
• Tax from tax record: −$55 /mo · $665/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $114

Break-even live

Break-even rent $1,324

Max offer price $175,000

Occupancy floor 87%

Sensitivity live

Price	-10% $213	-5% $163	+0% $114	+5% $64	+10% $15
Rent	-10% $-2	-5% $56	+0% $114	+5% $172	+10% $230
Rate	-1.0pp $202	-0.5pp $158	base $114	+0.5pp $69	+1.0pp $22

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1915 S Jensen Ave El Reno, OK	3.0	1.5	1402	$1,400	$1.00	3d	1	0.20mi
2401 Fedderson Dr El Reno, OK	4.0	2.0	1546	$1,650	$1.07	3d	1	0.40mi
702 Amity Ln El Reno, OK	2.0	2.0	1487	$1,550	$1.04	3d	1	0.42mi
814 SW 25th St El Reno, OK	3.0	2.0	1411	$1,375	$0.97	21d	1	0.53mi
1109 S Ellison Ave El Reno, OK	2.0	2.0	1595	$1,360	$0.85	3d	1	0.64mi
1031 S Ellison Ave El Reno, OK	3.0	2.0	1601	$1,500	$0.94	3d	1	0.73mi
1543 Pavy Pkwy El Reno, OK	3.0	2.0	1200	$1,295	$1.08	3d	1	0.85mi
1541 Pavy Pkwy El Reno, OK	3.0	2.0	1200	$1,295	$1.08	3d	1	0.89mi
1541 Pavy Pkwy El Reno, OK	3.0	2.0	1200	$1,295	$1.08	6d	1	0.89mi
819 S Wilson Ave Unit 819 El Reno, OK	3.0	2.0	1200	$1,325	$1.10	3d	1	0.91mi
819 S Wilson Ave El Reno, OK	3.0	2.0	1200	$1,325	$1.10	5d	1	0.92mi
1841 Jack Rabbit Ln El Reno, OK	3.0	2.0	1229	$1,425	$1.16	16d	1	1.35mi
1636 Eighty Niner Ter El Reno, OK	3.0	2.0	1707	$1,599	$0.94	3d	1	1.43mi
1320 E Cavanaugh St El Reno, OK	3.0	2.0	1222	$1,400	$1.15	12d	1	1.48mi

Listing history 2 events

1. 2026-05-17
   status Pending
2. 2026-05-13
   listed $175,000 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: $665 · $55/mo
• Projected year-2 tax: $1,575 · $131/mo
• Expected delta: +$910/yr (+$76/mo · 136.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,619
• − Mortgage interest: −$9,803
• − Property taxes: −$665
• − Insurance: −$875
• − Repairs & maintenance: −$1,410
• − Management: −$1,410
• − Depreciation: −$5,091
• Taxable loss: −$1,633
• Est. tax savings @ 24.0%: +$392
• After-tax cash flow: $1,759/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: El Reno
• NCES district ID: 4010650
• Math proficiency: 12% ▼ -15.00%
• Reading proficiency: 15% ▼ -9.00%
• Median HH income: $44,689
• Composite: 12.01/100
• National rank: #9664
• State rank: #232 of 270 in OK

Livability — El Reno

• Score: 67/100
• State rank: #95
• US rank: #10933

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: El Reno, OK
• County: Canadian County · 154,341 people
• City population: 21,387
• Metro: Oklahoma City, OK
• Population (ZIP): 21,387
• Household income: $59,915
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 580.0

Population outlook (Canadian County) Hauer SSP2

• Today (2025): 174,062 people
• By 2030: 195,170 · +12.1%
• By 2040: 239,293 · +37.5%
• By 2050: 285,457 · +64.0%
• By 2075: 403,766 · +132.0%
• By 2100: 498,766 · +186.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 17% Two or more races 8% Native American 8% Black 6%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Slovak 2% Serbian 2% Romanian 1%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · Canadian

• 2024 margin: Solid R (+40.4) · D 28.8% · R 69.2% · Other 2.0%
• 2008→2024 swing: +11.9pp toward D · 2008: -52.2pp · 2024: -40.4pp
• All cycles: 2024: R+40.4 2020: R+43.3 2016: R+51.2 2012: R+54.4 2008: R+52.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -11.37%
• Current HPI: 334.5896
• Rent YoY: ▲ 4.19%
• 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

2 events — show timeline

• 2026-05-17 Pending — MLSOK
• 2026-05-13 Listed $175,000 MLSOK

Property tax history

+0.3%/yr

Latest (2025): $665 · +0.9% YoY. Source: county tax records.