3314 S Kelley Ave · Oklahoma City, OK 73129

$69,900

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 114 Days on market

Built 1925 6,499 sqft lot $56/sqft · 37% below area Est $112k · 37% under ↓ 7% since listing

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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 +5.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0

Listing remarks MLS

Opportunity awaits with this 3-bedroom, 1-bath home featuring 1,248 square feet of comfortable living space. The spacious layout offers flexibility for rental income, renovation, or long-term investment. Whether you’re expanding your portfolio or searching for your next project, this property delivers potential and value.

Key facts

• 6,499 sq ft lot
• Built 1925
• Listed 113 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $578 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.2% 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: schools F, 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.
• Market conditions: 84 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).
• This rent runs 34% 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 $2k of equity ($483 loan paydown + $1k appreciation (1.8% local appreciation)).
• Oklahoma County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (1.8% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $63,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.87% ✓
• Cap rate: 16.21%
• Cash-on-cash: 35.41%
• DSCR: 2.58
• GRM: 4.5

CMA / ARV

• ARV (median comp): $111,562
• List price: $69,900
• Delta: -37.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
829 SE 32nd St	0.06mi	3/1.5	1,200 (-4%)	8mo	$97,910	$82	83
4301 S Lindsay Ave	0.67mi	3/1.0	1,244 (-0%)	3mo	$300,000	$241	66
1311 SE 39th St	0.51mi	3/2.0	1,209 (-3%)	2mo	$167,000	$138	66
810 SE Binkley St	0.10mi	3/1.5	1,061 (-15%)	5mo	$100,000	$94	64
2609 S Lindsay Ave	0.58mi	3/2.0	1,257 (+1%)	5mo	$180,000	$143	64
628 SE 26th St	0.55mi	3/2.0	1,257 (+1%)	12mo	$179,900	$143	59
536 SE 26th Cir	0.62mi	3/2.0	1,301 (+4%)	2mo	$190,000	$146	58
723 SE 44th St	0.71mi	3/1.0	1,200 (-4%)	8mo	$115,000	$96	54
628 SE 38th St	0.39mi	3/2.0	1,100 (-12%)	7mo	$200,000	$182	52
1401 SE 41st St	0.66mi	3/1.0	1,092 (-12%)	3mo	$100,000	$92	46
132 SE 33rd St	0.74mi	2/1.0 (-1)	1,191 (-5%)	13mo	$93,000	$78	42
235 SE 40th St	0.75mi	3/1.5	1,428 (+14%)	7mo	$47,500	$33	33

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

Projected returns pro-forma

1.75% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 39.1%
• Equity multiple: 3.08×
• Total profit: $40,687
• Equity at exit: $26,619

10-year hold

• IRR: 40.3%
• Equity multiple: 6.07×
• Total profit: $99,225
• Equity at exit: $37,613

Cash invested: $19,572 (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 73129

• Home prices YoY: 0.7%
• Active inventory: 84
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,306 high
• Mortgage (P&I): −$367
• Tax from tax record: −$59 /mo · $705/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $578

Break-even live

Break-even rent $575

Max offer price $69,900

Occupancy floor 51%

Sensitivity live

Price	-10% $617	-5% $597	+0% $578	+5% $558	+10% $538
Rent	-10% $474	-5% $526	+0% $578	+5% $629	+10% $681
Rate	-1.0pp $613	-0.5pp $595	base $578	+0.5pp $559	+1.0pp $541

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
904 SE 34th St Oklahoma City, OK	4.0	2.0	1248	$1,495	$1.20	44d	1	0.09mi
2701 S Phillips Ave Oklahoma City, OK	3.0	2.0	1177	$995	$0.85	24d	1	0.50mi
1413 SE 39th St Oklahoma City, OK	3.0	1.0	1004	$1,125	$1.12	44d	1	0.61mi
407 SE 25th St Oklahoma City, OK	3.0	1.0	896	$1,275	$1.42	45d	1	0.77mi
321 SE 25th St Oklahoma City, OK	3.0	1.0	1152	$1,095	$0.95	44d	1	0.81mi
4101 S Shields Blvd Apt 3B Oklahoma City, OK	3.0	2.0	957	$1,025	$1.07	5d	1	0.84mi
4101 S Shields Blvd Unit Shields 3B Oklahoma City, OK	3.0	2.0	957	$1,050	$1.10	24d	1	0.84mi
317 SE 24th St Oklahoma City, OK	2.0	1.0	917	$950	$1.04	5d	1	0.87mi
630 SE 21st St Oklahoma City, OK	3.0	2.0	1000	$1,095	$1.09	44d	1	0.91mi
526 SE 21st St Oklahoma City, OK	3.0	1.0	1054	$1,150	$1.09	5d	1	0.94mi
109 SE 42nd St Apt A Oklahoma City, OK	2.0	1.0	800	$799	$1.00	18d	1	0.96mi
101 SE 42nd St Unit B Oklahoma City, OK	2.0	1.0	740	$645	$0.87	44d	1	0.98mi
4305 S Nebraska Ave Oklahoma City, OK	3.0	2.0	1145	$1,200	$1.05	44d	1	1.11mi
1900 Terrace Lawn Dr Oklahoma City, OK	3.0	2.0	1415	$1,225	$0.87	3d	1	1.11mi
1528 SE 47th Pl Oklahoma City, OK	3.0	1.0	1092	$1,300	$1.19	5d	1	1.18mi
3312 S Harvey Ave Oklahoma City, OK	2.0	1.0	840	$1,100	$1.31	21d	1	1.23mi
1528 SE 49th Ter Oklahoma City, OK	3.0	1.0	912	$1,100	$1.21	24d	1	1.26mi
1501 SE 52nd St Oklahoma City, OK	3.0	2.0	1012	$1,200	$1.19	24d	1	1.36mi

Listing history 16 events

1. 2026-06-21
   days on market $69,900 Active 114 DOM
2. 2026-06-18
   days on market $69,900 Active 111 DOM
3. 2026-06-17
   days on market $69,900 Active 110 DOM
4. 2026-06-16
   days on market $69,900 Active 109 DOM
5. 2026-06-15
   days on market $69,900 Active 108 DOM
6. 2026-06-13
   days on market $69,900 Active 106 DOM
7. 2026-06-09
   days on market $69,900 Active 102 DOM
8. 2026-06-08
   pricedays on market $69,900 Active 101 DOM
9. 2026-06-07
   days on market $79,900 Active 100 DOM
10. 2026-06-05
    days on market $79,900 Active 97 DOM
11. 2026-06-03
    days on market $79,900 Active 96 DOM
12. 2026-06-02
    days on market $79,900 Active 95 DOM
13. 2026-06-01
    days on market $79,900 Active 94 DOM
14. 2026-05-31
    days on market $79,900 Active 93 DOM
15. 2026-04-15
    price $79,900 329-char remark

    Show marketing remark (329 chars)

    Opportunity awaits with this 3-bedroom, 1-bath home featuring 1,248 square feet of comfortable living space. The spacious layout offers flexibility for rental income, renovation, or long-term investment. Whether you’re expanding your portfolio or searching for your next project, this property delivers potential and value.

16. 2026-02-27
    listed $85,500 Active 329-char remark

    Show marketing remark (329 chars)

    Opportunity awaits with this 3-bedroom, 1-bath home featuring 1,248 square feet of comfortable living space. The spacious layout offers flexibility for rental income, renovation, or long-term investment. Whether you’re expanding your portfolio or searching for your next project, this property delivers potential and value.

ⓘ 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: $705 · $59/mo
• Projected year-2 tax: $705 · $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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,676
• − Mortgage interest: −$3,915
• − Property taxes: −$705
• − Insurance: −$350
• − Repairs & maintenance: −$1,254
• − Management: −$1,254
• − Depreciation: −$2,033
• Taxable income: $6,165
• Est. tax owed @ 24.0%: −$1,480
• After-tax cash flow: $5,452/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): 20,014
• Household income: $46,670
• Rent vs Own: 49.9% rent · 50.1% own
• Severe rent burden: 611.0

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Hispanic / Latino 57% Two or more races 26% White 26% Black 9% Native American 7% Asian 1%
• Hispanic origin (detail): Mexican 53%
• Common ancestry: Italian 1% Lithuanian 1% Slovak 1%
• Foreign-born: 24% · Canada, Dominican Republic
• Languages at home: 54% English-only · Spanish 44% Other Asian/Pacific 1% Vietnamese 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: ▲ 1.75%
• Current HPI: 250.8581
• Rent YoY: —
• 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

-6.5% since first listed

2 events — show timeline

• 2026-04-15 Price Changed $79,900 MLSOK
• 2026-02-27 Listed $85,500 MLSOK

Property tax history

+3.0%/yr

Latest (2025): $705 · +4.4% YoY. Source: county tax records.