1503 W Gemini Rd · Edmond, OK 73003

$219,777

3 bd · 2.0 ba · 1,455 sqft · SingleFamily public records · 2 Days on market

Built 1980 8,189 sqft lot Est $230k · 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 +12.2/30.0
• ARV discount +9.5/15.0
• Livability +3.9/5.0
• DSCR +3.6/10.0
• Schools +3.6/10.0
• Rent growth +3.5/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Price reduced on this fantastic starter home in Edmond, for UNDER $150,000! Within walking distance to Santa Fe High School and many shops and restaurants! Don't miss out on this well-kept home near the heart of Edmond. This 3 bed, two bath home features a wonderful living room and inviting eating space. There is a large shed in the backyard that will be staying with the property. Buyer to verify school district information.

Key facts

• Built-in bookcases
• Spacious living area
• Abundant cabinetry

Tags

• WELCOMING ENTRY
• SPACIOUS LIVING AREA
• BUILT-IN BOOKCASES
• COZY FIREPLACE
• ABUNDANT CABINETRY
• EXPANSIVE COUNTER SPACE

Property features AI

Finance

• Other: Occupied by owner; No storm shelter; Interior living areas: 1; Total rooms: 5
• Financial info: Assumable loan: No; Financing likely available (loan qualify: Yes)
• HOA & community: No mandatory association dues

Exterior

• Parking: Concrete driveway; 2-car garage
• Utilities: Electricity available; Public utilities
• Home design: Single-family residence; One-level home; Existing property
• Construction: Brick and frame construction; Composition roof (new roof 2025); Built on slab foundation
• Exterior features: Covered patio; Wood fencing; Interior lot

Interior

• Kitchen: Free-standing gas range/oven; Eating space in kitchen
• Bedrooms: 3 bedrooms total; Primary bedroom with ceiling fan and walk-in closet; Additional bedrooms with ceiling fans and walk-in closets
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Interior features: Bookcase in living room; Masonry fireplace; Eating space off kitchen; No study
• Laundry & utility: Slab foundation (utility location on slab)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $-43 ($-517/yr) — negative.
• To cash-flow at today's rent, offer at most $212k (3.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $175k (20.6% below list).
• Recommended offer: $175k (20.6% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.4% in Edmond — 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 78/100 on livability (#6 in OK, #2,383 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: health & safety C-, commute F.
• Edmond (suburban): math 38% / reading 40% proficiency, ranked #11 of 270 in OK (top 4%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Russell Dougherty Es (math 52% / reading 52%, grade C-, #34 of 845 statewide, top 5%, 381 students, 0% FRL); Santa Fe Hs (math 36% / reading 52%, grade F, #18 of 447 statewide, top 4%, 2,796 students, 0% FRL) — zoned schools average 0% FRL vs 22% district-wide (22 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.9%/yr); 215 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 11y ago 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 $153k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $174,605 (20.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.79% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.84%
• DSCR: 0.96
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $229,890
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1413 Del Norte Dr	0.25mi	3/2.0	1,446 (-1%)	2mo	$236,000	$163	85
1513 Vulcan Cir	0.06mi	3/2.0	1,330 (-9%)	1mo	$209,900	$158	82
1215 Taurus Dr	0.24mi	3/2.0	1,557 (+7%)	4mo	$213,000	$137	74
1512 Apollo Rd	0.19mi	3/2.0	1,295 (-11%)	1mo	$215,000	$166	72
1909 Fountain Vw	0.44mi	3/2.0	1,506 (+4%)	3mo	$199,000	$132	71
1319 W Aries Rd	0.13mi	3/2.0	1,668 (+15%)	0mo	$230,500	$138	69
1908 Magnolia Ln	0.43mi	3/2.0	1,574 (+8%)	2mo	$221,000	$140	65
2418 Countrywood Ln	0.69mi	3/2.0	1,473 (+1%)	1mo	$254,900	$173	64
501 Gray Fox Run	0.71mi	3/2.0	1,407 (-3%)	1mo	$223,000	$158	60
1804 Foxfire Rd	0.64mi	3/3.0	1,485 (+2%)	4mo	$249,000	$168	60
601 Firelane Rd	0.51mi	3/2.0	1,622 (+12%)	3mo	$249,500	$154	55
1316 Greenfield Dr	0.70mi	3/2.0	1,317 (-10%)	3mo	$220,000	$167	49

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 · 3.86% rent growth · sell at horizon

5-year hold

• IRR: -16.8%
• Equity multiple: 0.40×
• Total profit: $-36,868
• Equity at exit: $32,769

10-year hold

• IRR: -7.3%
• Equity multiple: 0.52×
• Total profit: $-29,411
• Equity at exit: $19,002

Cash invested: $61,538 (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 73003

• Home prices YoY: -31.2%
• Rents YoY: 3.9%
• Active inventory: 215
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,746 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$178 /mo · $2,141/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $-43

Break-even live

Break-even rent $1,801

Max offer price $212,160

Occupancy floor 97%

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: $54,944
• Closing costs: $6,593
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1404 S Gemini Rd Edmond, OK	3.0	2.0	1267	$1,650	$1.30	21d	1	0.19mi
1404 S Gemini Rd Edmond, OK	3.0	2.0	1267	$1,650	$1.30	23d	1	0.19mi
1504 Apollo Rd Edmond, OK	3.0	2.0	1435	$1,475	$1.03	11d	1	0.20mi
1013 Kelly Park Rd Edmond, OK	4.0	2.0	1450	$1,550	$1.07	2d	1	0.22mi
1909 Fountain Vw Edmond, OK	3.0	2.0	1506	$1,999	$1.33	2d	1	0.42mi
808 Mars Cir Unit 1 Edmond, OK	3.0	1.0	1401	$1,375	$0.98	19d	1	0.48mi
2116 Camino del Plaza Ln Edmond, OK	3.0	2.0	1396	$1,645	$1.18	23d	1	0.63mi
1318 Pennington Ave Edmond, OK	2.0	2.0	1150	$1,300	$1.13	23d	1	0.63mi
2125 Buena Vida Ln Edmond, OK	3.0	2.5	1458	$1,699	$1.17	2d	1	0.64mi
2108 Buena Vida Ln Edmond, OK	3.0	2.5	1357	$1,640	$1.21	23d	1	0.65mi
2172 Camino del Plaza Ln Edmond, OK	3.0	2.0	1274	$1,600	$1.26	23d	1	0.65mi
2172 Camino del Plaza Ln Edmond, OK	3.0	2.0	1287	$1,600	$1.24	4d	1	0.65mi
2149 Buena Vida Ln Edmond, OK	3.0	2.5	1300	$1,645	$1.27	2d	1	0.65mi
804 Stag Trl Edmond, OK	3.0	2.0	1250	$1,550	$1.24	4d	1	0.67mi
804 Stag Trl Edmond, OK	3.0	2.0	1250	$1,550	$1.24	23d	1	0.67mi
2013 Vanishing Trl Edmond, OK	3.0	2.0	1555	$1,705	$1.10	14d	1	0.74mi
16420 Del Mar Dr Edmond, OK	3.0	2.0	1404	$1,741	$1.24	11d	1	0.78mi
2501 Kelley Pointe Pkwy Edmond, OK	1.0–2.0	1.0–2.0	909	$1,979	$2.18	1d	18	0.86mi
1113 Countrywood Ln Edmond, OK	3.0	2.0	1606	$1,785	$1.11	4d	1	0.87mi
1028 Mollie Rausch Ln Edmond, OK	3.0	2.0	1495	$1,650	$1.10	23d	1	0.94mi
25 Creek View Dr Edmond, OK	1.0–2.0	1.0–2.0	872	$1,336	$1.53	4d	1	0.95mi
13 NW 156th St Edmond, OK	3.0	2.0	1746	$2,200	$1.26	23d	1	1.00mi
1024 Carpe Diem Ct Edmond, OK	3.0	2.0	1700	$1,895	$1.11	3d	1	1.00mi
1129 Carpe Diem Ct Edmond, OK	3.0	2.0	1250	$1,595	$1.28	4d	1	1.02mi
645 W 2nd St Edmond, OK	3.0	2.0	1660	$1,975	$1.19	14d	1	1.03mi
612 W 2nd St Unit 100 Edmond, OK	3.0	2.5	1414	$1,895	$1.34	21d	1	1.04mi
541 S Fretz Ave Edmond, OK	2.0	2.5	1682	$1,795	$1.07	23d	1	1.05mi
575 S Fretz Ave Edmond, OK	3.0	2.5	1530	$2,000	$1.31	3d	1	1.05mi
913 Rolling Hills Ter Edmond, OK	3.0	2.0	1829	$1,895	$1.04	4d	1	1.08mi
463 S Fretz Ave Edmond, OK	2.0	2.0	1550	$1,695	$1.09	14d	1	1.09mi
313 Dooley Creek Ln Edmond, OK	3.0	2.0	1295	$1,595	$1.23	23d	1	1.11mi
317 Dooley Creek Ln Edmond, OK	3.0	2.0	1295	$1,595	$1.23	14d	1	1.13mi
714 W Hurd St Edmond, OK	2.0	1.0	1000	$1,150	$1.15	23d	1	1.16mi
525 NW 171st St Edmond, OK	3.0	2.0	1607	$1,900	$1.18	2d	1	1.18mi
15 S Walnut St Edmond, OK	2.0	1.0	1162	$1,400	$1.20	23d	1	1.25mi
17116 Sunny Hollow Rd Edmond, OK	4.0	2.5	1690	$2,100	$1.24	2d	1	1.28mi
16 N Walnut St Edmond, OK	3.0	2.5	1650	$2,395	$1.45	14d	1	1.31mi
17629 Nantucket Ave Edmond, OK	3.0	2.0	1632	$1,925	$1.18	2d	1	1.32mi
725 Lapwing Rd Edmond, OK	3.0	2.0	1825	$1,810	$0.99	23d	1	1.35mi
1820 Chelsea Dr Edmond, OK	3.0	2.0	1749	$1,695	$0.97	2d	1	1.36mi

Listing history 16 events

1. 2026-05-21
   status Pending
2. 2026-05-19
   listed $219,777 Active
3. 2018-11-05
   soldstatus $153,000
4. 2018-11-02
   soldstatus $153,000 Sold 434-char remark

   Show marketing remark (434 chars)

   Price reduced on this fantastic starter home in Edmond, for UNDER $150,000! Within walking distance to Santa Fe High School and many shops and restaurants! Don't miss out on this well-kept home near the heart of Edmond. This 3 bed, two bath home features a wonderful living room and inviting eating space. There is a large shed in the backyard that will be staying with the property. Buyer to verify school district information.

5. 2018-09-28
   status Pending 434-char remark

   Show marketing remark (434 chars)

   Price reduced on this fantastic starter home in Edmond, for UNDER $150,000! Within walking distance to Santa Fe High School and many shops and restaurants! Don't miss out on this well-kept home near the heart of Edmond. This 3 bed, two bath home features a wonderful living room and inviting eating space. There is a large shed in the backyard that will be staying with the property. Buyer to verify school district information.

6. 2018-09-25
   price $149,900 434-char remark

   Show marketing remark (434 chars)

   Price reduced on this fantastic starter home in Edmond, for UNDER $150,000! Within walking distance to Santa Fe High School and many shops and restaurants! Don't miss out on this well-kept home near the heart of Edmond. This 3 bed, two bath home features a wonderful living room and inviting eating space. There is a large shed in the backyard that will be staying with the property. Buyer to verify school district information.

7. 2018-09-06
   price $150,000 434-char remark

   Show marketing remark (434 chars)

   Price reduced on this fantastic starter home in Edmond, for UNDER $150,000! Within walking distance to Santa Fe High School and many shops and restaurants! Don't miss out on this well-kept home near the heart of Edmond. This 3 bed, two bath home features a wonderful living room and inviting eating space. There is a large shed in the backyard that will be staying with the property. Buyer to verify school district information.

8. 2018-08-11
   listed $155,000 Active 434-char remark

   Show marketing remark (434 chars)

   Price reduced on this fantastic starter home in Edmond, for UNDER $150,000! Within walking distance to Santa Fe High School and many shops and restaurants! Don't miss out on this well-kept home near the heart of Edmond. This 3 bed, two bath home features a wonderful living room and inviting eating space. There is a large shed in the backyard that will be staying with the property. Buyer to verify school district information.

9. 2015-06-01
   soldstatus $137,500
10. 2015-05-28
    soldstatus $137,500 Sold 356-char remark

    Show marketing remark (356 chars)

    This home is move-in ready. From Cosmetics to Utilities. New Granite, Tile, Wood floors, Carpet, refinished cabinets, sinks, etc. Also, new a/c, hot water tanks, newer roof and heater. This home offers walk in closets throughout and granite everywhere. Large living room with gas/wood burning fireplace and built-ins. Quiet street and a great neighborhood.

11. 2015-04-22
    status Pending 356-char remark

    Show marketing remark (356 chars)

    This home is move-in ready. From Cosmetics to Utilities. New Granite, Tile, Wood floors, Carpet, refinished cabinets, sinks, etc. Also, new a/c, hot water tanks, newer roof and heater. This home offers walk in closets throughout and granite everywhere. Large living room with gas/wood burning fireplace and built-ins. Quiet street and a great neighborhood.

12. 2015-04-20
    status Active 356-char remark

    Show marketing remark (356 chars)

    This home is move-in ready. From Cosmetics to Utilities. New Granite, Tile, Wood floors, Carpet, refinished cabinets, sinks, etc. Also, new a/c, hot water tanks, newer roof and heater. This home offers walk in closets throughout and granite everywhere. Large living room with gas/wood burning fireplace and built-ins. Quiet street and a great neighborhood.

13. 2015-04-08
    status Pending 356-char remark

    Show marketing remark (356 chars)

    This home is move-in ready. From Cosmetics to Utilities. New Granite, Tile, Wood floors, Carpet, refinished cabinets, sinks, etc. Also, new a/c, hot water tanks, newer roof and heater. This home offers walk in closets throughout and granite everywhere. Large living room with gas/wood burning fireplace and built-ins. Quiet street and a great neighborhood.

14. 2015-04-07
    listed $137,500 Active 356-char remark

    Show marketing remark (356 chars)

    This home is move-in ready. From Cosmetics to Utilities. New Granite, Tile, Wood floors, Carpet, refinished cabinets, sinks, etc. Also, new a/c, hot water tanks, newer roof and heater. This home offers walk in closets throughout and granite everywhere. Large living room with gas/wood burning fireplace and built-ins. Quiet street and a great neighborhood.

15. 1989-07-25
    soldstatus $52,000
16. 1981-05-01
    soldstatus $57,000

ⓘ 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: $2,141 · $178/mo
• Projected year-2 tax: $2,141 · $178/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,953
• − Mortgage interest: −$12,311
• − Property taxes: −$2,141
• − Insurance: −$1,099
• − Repairs & maintenance: −$1,676
• − Management: −$1,676
• − Depreciation: −$6,394
• Taxable loss: −$4,344
• Est. tax savings @ 24.0%: +$1,043
• After-tax cash flow: $525/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: Edmond
• NCES district ID: 4010590
• Math proficiency: 38% ▼ -12.00%
• Reading proficiency: 40% ▼ -12.00%
• Median HH income: $73,212
• Composite: 35.88/100
• National rank: #4814
• State rank: #11 of 270 in OK

Livability — Edmond

• Score: 78/100
• State rank: #6
• US rank: #2383

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edmond, OK
• County: Oklahoma County · 771,644 people
• City population: 177,083
• Metro: Oklahoma City, OK
• Population (ZIP): 23,236
• Household income: $78,149
• Rent vs Own: 42.1% rent · 57.9% own
• Severe rent burden: 988.0

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 White (69%)
• Race & ethnicity: White 69% Two or more races 13% Black 9% Hispanic / Latino 9% Asian 3%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 8% · Canada, China
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 2% Chinese 1%

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: ▼ -104.15%
• Current HPI: 229.3899
• Rent YoY: ▲ 3.86%
• 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

+285.6% since first listed

16 events — show timeline

• 2026-05-21 Pending — MLSOK
• 2026-05-19 Listed $219,777 MLSOK
• 2018-11-05 Sold (Public Records) $153,000 Public Records
• 2018-11-02 Sold (MLS) $153,000 MLSOK
• 2018-09-28 Pending — MLSOK
• 2018-09-25 Price Changed $149,900 MLSOK
• 2018-09-06 Price Changed $150,000 MLSOK
• 2018-08-11 Listed $155,000 MLSOK
• 2015-06-01 Sold (Public Records) $137,500 Public Records
• 2015-05-28 Sold (MLS) $137,500 MLSOK
• 2015-04-22 Pending — MLSOK
• 2015-04-20 Relisted — MLSOK
• 2015-04-08 Pending — MLSOK
• 2015-04-07 Listed $137,500 MLSOK
• 1989-07-25 Sold (Public Records) $52,000 Public Records
• 1981-05-01 Sold (Public Records) $57,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $2,141 · +5.1% YoY. Source: county tax records.