612 Skyline Dr · El Reno, OK 73036

$130,000

3 bd · 2.0 ba · 1,372 sqft · SingleFamily public records · 116 Days on market

Built 1965 9,583 sqft lot Est $177k · 27% under

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Why this score? — see what drove the B- 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 +25.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.6/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to 612 Skyline Drive in El Reno! Located in one of El Renos established neighborhoods offering mature trees!! This home is located just minutes from I-40 access, the El Reno Safety Center, shopping, parks and much more. This 2 bedroom, 1.5 bathroom home offers a nicely sized living area opening up to the galley kitchen, with the half bathroom just off the living area. The bonus room off the kitchen could be used in many ways, as a dining room, den, office or additional bedroom,etc! The two bedrooms are nicely sized, the master offers great space with lots of natural light and plenty of closet space! The backyard is nicely sized with a storage shed. Don't wait! Schedule your private tour today!! More pictures coming soon!

Key facts

• 9,583 sq ft lot
• 2 garage spots
• Built 1965

Property features AI

Finance

• Other: Homestead exempt; Vacant and not occupied
• Financial info: Listing being sold as-is; acceptable terms include cash and conventional financing; Loan qualification possible; Lender approval / short sale affecting sale
• HOA & community: No mandatory association dues

Exterior

• Parking: Concrete parking; 2-car garage
• Security: Above-ground storm shelter / safe room
• Utilities: Public utilities
• Home design: Single family residence; One level; Faces south; Existing property
• Construction: Brick and brick & frame construction; Composition roof; Slab foundation; Built as existing home
• Exterior features: Outbuildings; Combination fencing; Interior lot

Interior

• Kitchen: Built-in oven; Dishwasher; Disposal; Water heater
• Bedrooms: 3 bedrooms
• Flooring: Concrete; Carpet
• Bathrooms: 1 full bathroom; 1 half bathroom
• Interior features: Ceiling fan(s); No fireplace
• Laundry & utility: Garage door lift

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $283 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $118k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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: 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); 280 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 260 units permitted in Canadian County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $36k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 116 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $25k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $118,300 (9.0% below list)

Questions for the listing agent

1. It's been on market 116 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 1965 — 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. 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: 1.16% ✓
• Cap rate: 8.91%
• Cash-on-cash: 9.33%
• DSCR: 1.42
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $176,988
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
624 Skyline Dr	0.07mi	3/1.5	1,388 (+1%)	5mo	$162,500	$117	89
1317 S Miles Ave	0.27mi	3/2.0	1,334 (-3%)	0mo	$177,000	$133	82
807 Thompson Dr	0.17mi	3/2.0	1,350 (-2%)	9mo	$140,000	$104	82
2005 S Jensen Ave	0.24mi	3/2.0	1,353 (-1%)	11mo	$165,000	$122	78
1707 S Reno Ave	0.21mi	3/2.0	1,506 (+10%)	2mo	$195,000	$129	72
1502 S Miles Ave	0.14mi	3/1.5	1,180 (-14%)	2mo	$190,000	$161	66
1502 S Reno Ave	0.10mi	2/1.5 (-1)	1,537 (+12%)	8mo	$170,000	$111	62
201 W Osage Ave	0.38mi	3/2.0	1,240 (-10%)	9mo	$155,000	$125	59
508 SW 24th St	0.17mi	4/2.0 (+1)	1,181 (-14%)	6mo	$189,900	$161	59
300 Cherokee Ln	0.30mi	3/2.0	1,176 (-14%)	7mo	$175,000	$149	56
2916 S Choctaw Ave	0.75mi	2/2.0 (-1)	1,398 (+2%)	12mo	$165,000	$118	47
1501 S Evans Ave	0.55mi	4/2.0 (+1)	1,547 (+13%)	3mo	$205,000	$133	46

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: -0.8%
• Equity multiple: 0.97×
• Total profit: $-1,181
• Equity at exit: $19,383

10-year hold

• IRR: 10.1%
• Equity multiple: 1.82×
• Total profit: $29,985
• Equity at exit: $11,240

Cash invested: $36,400 (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: 280
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,508 high
• Mortgage (P&I): −$682
• Tax from tax record: −$173 /mo · $2,072/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $283

Break-even live

Break-even rent $1,150

Max offer price $130,000

Occupancy floor 76%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
702 Amity Ln El Reno, OK	2.0	2.0	1487	$1,550	$1.04	2d	1	0.13mi
2401 Fedderson Dr El Reno, OK	4.0	2.0	1546	$1,650	$1.07	2d	1	0.27mi
1915 S Jensen Ave El Reno, OK	3.0	1.5	1402	$1,400	$1.00	2d	1	0.29mi
814 SW 25th St El Reno, OK	3.0	2.0	1411	$1,375	$0.97	19d	1	0.35mi
1109 S Ellison Ave El Reno, OK	2.0	2.0	1595	$1,360	$0.85	2d	1	0.43mi
1031 S Ellison Ave El Reno, OK	3.0	2.0	1601	$1,500	$0.94	2d	1	0.51mi
1543 Pavy Pkwy El Reno, OK	3.0	2.0	1200	$1,295	$1.08	2d	1	0.51mi
1541 Pavy Pkwy El Reno, OK	3.0	2.0	1200	$1,295	$1.08	2d	1	0.56mi
1541 Pavy Pkwy El Reno, OK	3.0	2.0	1200	$1,295	$1.08	4d	1	0.56mi
819 S Wilson Ave Unit 819 El Reno, OK	3.0	2.0	1200	$1,325	$1.10	2d	1	0.73mi
819 S Wilson Ave El Reno, OK	3.0	2.0	1200	$1,325	$1.10	4d	1	0.74mi
1841 Jack Rabbit Ln El Reno, OK	3.0	2.0	1229	$1,425	$1.16	15d	1	1.02mi
1636 Eighty Niner Ter El Reno, OK	3.0	2.0	1707	$1,599	$0.94	2d	1	1.10mi
1903 Dogwood Dr El Reno, OK	4.0	2.0	1534	$1,650	$1.08	2d	1	1.21mi
1905 Crimson Lake Blvd El Reno, OK	4.0	2.0	1534	$1,600	$1.04	2d	1	1.27mi
2003 Crimson Lake Blvd El Reno, OK	4.0	2.0	1534	$1,650	$1.08	2d	1	1.27mi
2103 Crimson Lake Blvd El Reno, OK	4.0	2.0	1534	$1,650	$1.08	2d	1	1.27mi
2105 Crimson Lake Blvd El Reno, OK	3.0	2.0	1412	$1,560	$1.10	16d	1	1.27mi
1810 Crimson Lake Blvd El Reno, OK	4.0	2.0	1566	$1,650	$1.05	2d	1	1.30mi
2003 Malus Dr El Reno, OK	4.0	2.0	1589	$1,500	$0.94	2d	1	1.30mi
2408 Rosewood Ln El Reno, OK	4.0	2.5	1674	$1,795	$1.07	24d	1	1.49mi
1617 Amaranth Ln El Reno, OK	3.0	2.0	1152	$1,455	$1.26	2d	1	1.50mi

Listing history 16 events

1. 2026-05-20
   status Pending
2. 2026-03-31
   price $130,000
3. 2026-03-13
   price $140,000
4. 2026-02-16
   price $150,000
5. 2026-01-24
   listed $155,000 Active
6. 2022-04-15
   soldstatus $170,000
7. 2022-04-14
   soldstatus $170,000 Sold 743-char remark

   Show marketing remark (743 chars)

   Welcome home to 612 Skyline Drive in El Reno! Located in one of El Renos established neighborhoods offering mature trees!! This home is located just minutes from I-40 access, the El Reno Safety Center, shopping, parks and much more. This 2 bedroom, 1.5 bathroom home offers a nicely sized living area opening up to the galley kitchen, with the half bathroom just off the living area. The bonus room off the kitchen could be used in many ways, as a dining room, den, office or additional bedroom,etc! The two bedrooms are nicely sized, the master offers great space with lots of natural light and plenty of closet space! The backyard is nicely sized with a storage shed. Don't wait! Schedule your private tour today!! More pictures coming soon!

8. 2022-03-14
   status Pending 743-char remark

   Show marketing remark (743 chars)

   Welcome home to 612 Skyline Drive in El Reno! Located in one of El Renos established neighborhoods offering mature trees!! This home is located just minutes from I-40 access, the El Reno Safety Center, shopping, parks and much more. This 2 bedroom, 1.5 bathroom home offers a nicely sized living area opening up to the galley kitchen, with the half bathroom just off the living area. The bonus room off the kitchen could be used in many ways, as a dining room, den, office or additional bedroom,etc! The two bedrooms are nicely sized, the master offers great space with lots of natural light and plenty of closet space! The backyard is nicely sized with a storage shed. Don't wait! Schedule your private tour today!! More pictures coming soon!

9. 2022-03-07
   listed $167,900 Active 743-char remark

   Show marketing remark (743 chars)

   Welcome home to 612 Skyline Drive in El Reno! Located in one of El Renos established neighborhoods offering mature trees!! This home is located just minutes from I-40 access, the El Reno Safety Center, shopping, parks and much more. This 2 bedroom, 1.5 bathroom home offers a nicely sized living area opening up to the galley kitchen, with the half bathroom just off the living area. The bonus room off the kitchen could be used in many ways, as a dining room, den, office or additional bedroom,etc! The two bedrooms are nicely sized, the master offers great space with lots of natural light and plenty of closet space! The backyard is nicely sized with a storage shed. Don't wait! Schedule your private tour today!! More pictures coming soon!

10. 2020-07-27
    soldstatus $118,000
11. 2020-07-24
    soldstatus $118,000 Sold 212-char remark

    Show marketing remark (212 chars)

    Great location for 2 bedroom 1 1/2 bath 2 living areas double car garage safe room in garage and large backyard with covered patio and more. Call to make your appointment. Selling in "AS IS" condition.

12. 2020-06-27
    status Pending 212-char remark

    Show marketing remark (212 chars)

    Great location for 2 bedroom 1 1/2 bath 2 living areas double car garage safe room in garage and large backyard with covered patio and more. Call to make your appointment. Selling in "AS IS" condition.

13. 2020-06-13
    price $118,900 212-char remark

    Show marketing remark (212 chars)

    Great location for 2 bedroom 1 1/2 bath 2 living areas double car garage safe room in garage and large backyard with covered patio and more. Call to make your appointment. Selling in "AS IS" condition.

14. 2020-05-15
    price $119,000 212-char remark

    Show marketing remark (212 chars)

    Great location for 2 bedroom 1 1/2 bath 2 living areas double car garage safe room in garage and large backyard with covered patio and more. Call to make your appointment. Selling in "AS IS" condition.

15. 2020-03-30
    listed $125,900 Active 212-char remark

    Show marketing remark (212 chars)

    Great location for 2 bedroom 1 1/2 bath 2 living areas double car garage safe room in garage and large backyard with covered patio and more. Call to make your appointment. Selling in "AS IS" condition.

16. 1994-04-15
    soldstatus $52,000

ⓘ 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: $2,072 · $173/mo
• Projected year-2 tax: $2,072 · $173/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 2% 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: $18,101
• − Mortgage interest: −$7,282
• − Property taxes: −$2,072
• − Insurance: −$650
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$3,782
• Taxable income: $1,419
• Est. tax owed @ 24.0%: −$340
• After-tax cash flow: $3,056/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

+150.0% since first listed

16 events — show timeline

• 2026-05-20 Pending — MLSOK
• 2026-03-31 Price Changed $130,000 MLSOK
• 2026-03-13 Price Changed $140,000 MLSOK
• 2026-02-16 Price Changed $150,000 MLSOK
• 2026-01-24 Listed $155,000 MLSOK
• 2022-04-15 Sold (Public Records) $170,000 Public Records
• 2022-04-14 Sold (MLS) $170,000 MLSOK
• 2022-03-14 Pending — MLSOK
• 2022-03-07 Listed $167,900 MLSOK
• 2020-07-27 Sold (Public Records) $118,000 Public Records
• 2020-07-24 Sold (MLS) $118,000 MLSOK
• 2020-06-27 Pending — MLSOK
• 2020-06-13 Price Changed $118,900 MLSOK
• 2020-05-15 Price Changed $119,000 MLSOK
• 2020-03-30 Listed $125,900 MLSOK
• 1994-04-15 Sold (Public Records) $52,000 Public Records

Property tax history

+9.8%/yr

Latest (2025): $2,072 · +3.5% YoY. Source: county tax records.