4300 SE 37th St · Del City, OK 73115

$89,900

4 bd · 3.0 ba · 2,343 sqft · SingleFamily public records · 263 Days on market

Built 1952 8,377 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

If your looking to have more space and pay $100’s less than a 2 bed room 1 bath apartment, look no further! 4300 SE 37th is a lovely home on a large corner lot. This place has been completely remodeled with New carpet, paint, entire kitchen, entire bathroom, carpet throughout, HVAC, and roof. The Laundry room has so much potential space for shelves and additional cabinets. Original built in storage through out the home. One of the few homes in the area with central heat and air and a 4th bedroom The previously converted garage space would be great for guest to have privacy on the other side of the house. The remaining 3 bedrooms leave able space for a office and game room if you enjoy entertaining. The backyard has plenty of space for entertaining as well as a very large detached fenced in garage. Move-In ready with so much potential for more!

Key facts

• 8,377 sq ft lot
• 2 garage spots
• Built 1952

Property features AI

Finance

• Other: Property listed as active; Previously pending and back on market; Occupied: No
• Financial info: Property is not assumable
• HOA & community: No mandatory association dues

Exterior

• Parking: 2-car garage
• Home design: Single family residence; Residential property; Existing property
• Construction: Frame construction with vinyl siding; Composition roof; Built status: existing
• Exterior features: Corner lot; No additional exterior features listed

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating
• Interior features: One-level layout; Living area reported as 1,005 (assessor); No fireplace
• Laundry & utility: Post-tension foundation

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $652 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 5.9% in Del 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 64/100 on livability (#180 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, amenities D, crime F.
• Midwest City-Del City (suburban): math 10% / reading 17% proficiency, ranked #231 of 270 in OK (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Townsend Es (math 8% / reading 17%, grade F, #652 of 845 statewide, top 79%, 459 students, 0% FRL); Del City Hs (math 5% / reading 15%, grade F, #361 of 447 statewide, top 94%, 1,158 students, 0% FRL) — zoned schools average 0% FRL vs 57% district-wide (57 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+1.3%/yr); 119 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $622 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 1.3% rent growth), your $25k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 263 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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 $68k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1952 — 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 $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 263 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — 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: 1.79% ✓
• Cap rate: 15.00%
• Cash-on-cash: 31.10%
• DSCR: 2.38
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $292,875
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3501 Vickie Dr	0.50mi	3/2.0 (-1)	2,107 (-10%)	2mo	$279,900	$133	49
3717 Terry Way Way	0.51mi	4/2.5	2,088 (-11%)	10mo	$108,000	$52	48
4509 SE 33rd St	0.39mi	3/2.0 (-1)	2,124 (-9%)	18mo	$265,000	$125	42
4028 SE 27th St	0.65mi	4/2.5	2,484 (+6%)	20mo	$360,000	$145	40
4113 Clendon Way	0.58mi	5/3.0 (+1)	2,039 (-13%)	9mo	$192,500	$94	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 · 1.26% rent growth · sell at horizon

5-year hold

• IRR: 23.9%
• Equity multiple: 1.96×
• Total profit: $24,238
• Equity at exit: $13,404

10-year hold

• IRR: 30.7%
• Equity multiple: 3.53×
• Total profit: $63,721
• Equity at exit: $7,773

Cash invested: $25,172 (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 73115

• Home prices YoY: -20.9%
• Rents YoY: 1.3%
• Active inventory: 119
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,612 high
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $652

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 55%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3920 Dentwood Ter Del City, OK	4.0	1.5	1624	$1,395	$0.86	2d	1	0.59mi
4716 SE 47th St Oklahoma City, OK	3.0	2.0	1973	$1,500	$0.76	4d	1	0.84mi
3808 Oakcliff Dr Oklahoma City, OK	3.0	2.0	1715	$1,475	$0.86	2d	1	0.93mi
3024 Hillside Dr Oklahoma City, OK	4.0	2.0	1686	$1,550	$0.92	10d	1	0.95mi
2113 Candy Ln Del City, OK	4.0	2.0	1597	$1,550	$0.97	1d	1	1.18mi
5004 Brookdale St Oklahoma City, OK	5.0	3.0	1592	$1,745	$1.10	43d	1	1.21mi

Listing history 25 events

1. 2026-06-18
   days on market $89,900 Active 263 DOM
2. 2026-06-17
   days on market $89,900 Active 262 DOM
3. 2026-06-16
   days on market $89,900 Active 261 DOM
4. 2026-06-15
   days on market $89,900 Active 260 DOM
5. 2026-06-13
   days on market $89,900 Active 258 DOM
6. 2026-06-13
   days on market $89,900 Active 257 DOM
7. 2026-06-09
   days on market $89,900 Active 254 DOM
8. 2026-06-08
   days on market $89,900 Active 253 DOM
9. 2026-06-07
   days on market $89,900 Active 252 DOM
10. 2026-06-05
    days on market $89,900 Active 249 DOM
11. 2026-06-03
    days on market $89,900 Active 248 DOM
12. 2026-06-02
    days on market $89,900 Active 247 DOM
13. 2026-06-01
    days on market $89,900 Active 246 DOM
14. 2026-05-31
    days on market $89,900 Active 245 DOM
15. 2025-10-13
    status Active
16. 2025-09-30
    status Pending
17. 2025-09-11
    listed $89,900 Active
18. 2018-04-23
    status Pending 861-char remark

    Show marketing remark (861 chars)

    If your looking to have more space and pay $100’s less than a 2 bed room 1 bath apartment, look no further! 4300 SE 37th is a lovely home on a large corner lot. This place has been completely remodeled with New carpet, paint, entire kitchen, entire bathroom, carpet throughout, HVAC, and roof. The Laundry room has so much potential space for shelves and additional cabinets. Original built in storage through out the home. One of the few homes in the area with central heat and air and a 4th bedroom The previously converted garage space would be great for guest to have privacy on the other side of the house. The remaining 3 bedrooms leave able space for a office and game room if you enjoy entertaining. The backyard has plenty of space for entertaining as well as a very large detached fenced in garage. Move-In ready with so much potential for more!

19. 2018-04-20
    soldstatus $68,000 Sold 861-char remark

    Show marketing remark (861 chars)

    If your looking to have more space and pay $100’s less than a 2 bed room 1 bath apartment, look no further! 4300 SE 37th is a lovely home on a large corner lot. This place has been completely remodeled with New carpet, paint, entire kitchen, entire bathroom, carpet throughout, HVAC, and roof. The Laundry room has so much potential space for shelves and additional cabinets. Original built in storage through out the home. One of the few homes in the area with central heat and air and a 4th bedroom The previously converted garage space would be great for guest to have privacy on the other side of the house. The remaining 3 bedrooms leave able space for a office and game room if you enjoy entertaining. The backyard has plenty of space for entertaining as well as a very large detached fenced in garage. Move-In ready with so much potential for more!

20. 2018-03-19
    soldstatus $68,000 Sold 861-char remark

    Show marketing remark (861 chars)

    If your looking to have more space and pay $100’s less than a 2 bed room 1 bath apartment, look no further! 4300 SE 37th is a lovely home on a large corner lot. This place has been completely remodeled with New carpet, paint, entire kitchen, entire bathroom, carpet throughout, HVAC, and roof. The Laundry room has so much potential space for shelves and additional cabinets. Original built in storage through out the home. One of the few homes in the area with central heat and air and a 4th bedroom The previously converted garage space would be great for guest to have privacy on the other side of the house. The remaining 3 bedrooms leave able space for a office and game room if you enjoy entertaining. The backyard has plenty of space for entertaining as well as a very large detached fenced in garage. Move-In ready with so much potential for more!

21. 2018-02-24
    status Pending 861-char remark

    Show marketing remark (861 chars)

    If your looking to have more space and pay $100’s less than a 2 bed room 1 bath apartment, look no further! 4300 SE 37th is a lovely home on a large corner lot. This place has been completely remodeled with New carpet, paint, entire kitchen, entire bathroom, carpet throughout, HVAC, and roof. The Laundry room has so much potential space for shelves and additional cabinets. Original built in storage through out the home. One of the few homes in the area with central heat and air and a 4th bedroom The previously converted garage space would be great for guest to have privacy on the other side of the house. The remaining 3 bedrooms leave able space for a office and game room if you enjoy entertaining. The backyard has plenty of space for entertaining as well as a very large detached fenced in garage. Move-In ready with so much potential for more!

22. 2018-02-17
    listed $68,000 Active 861-char remark

    Show marketing remark (861 chars)

    If your looking to have more space and pay $100’s less than a 2 bed room 1 bath apartment, look no further! 4300 SE 37th is a lovely home on a large corner lot. This place has been completely remodeled with New carpet, paint, entire kitchen, entire bathroom, carpet throughout, HVAC, and roof. The Laundry room has so much potential space for shelves and additional cabinets. Original built in storage through out the home. One of the few homes in the area with central heat and air and a 4th bedroom The previously converted garage space would be great for guest to have privacy on the other side of the house. The remaining 3 bedrooms leave able space for a office and game room if you enjoy entertaining. The backyard has plenty of space for entertaining as well as a very large detached fenced in garage. Move-In ready with so much potential for more!

23. 2017-03-13
    historical
24. 2016-11-21
    price $77,400
25. 2016-09-12
    listed $79,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,348
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,548
• − Management: −$1,548
• − Depreciation: −$2,615
• Taxable income: $6,803
• Est. tax owed @ 24.0%: −$1,633
• After-tax cash flow: $6,197/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: Midwest City-Del City
• NCES district ID: 4019950
• Math proficiency: 10% ▼ -11.00%
• Reading proficiency: 17% ▼ -8.00%
• Median HH income: $45,724
• Composite: 12.09/100
• National rank: #9658
• State rank: #231 of 270 in OK

Livability — Del City

• Score: 64/100
• State rank: #180
• US rank: #14305

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Del City, OK
• County: Oklahoma County · 771,644 people
• City population: 20,225
• Metro: Oklahoma City, OK
• Population (ZIP): 20,225
• Household income: $46,810
• Rent vs Own: 44.3% rent · 55.7% own
• Severe rent burden: 965.0

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 0.69)
• Race & ethnicity: White 50% Black 19% Hispanic / Latino 15% Two or more races 14% Native American 5% Asian 1%
• Hispanic origin (detail): Mexican 11% Puerto Rican 2%
• Common ancestry: Italian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 8%

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: ▼ -71.80%
• Current HPI: 271.8383
• Rent YoY: ▲ 1.26%
• 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

+12.5% since first listed

11 events — show timeline

• 2025-10-13 Relisted — MLSOK
• 2025-09-30 Pending — MLSOK
• 2025-09-11 Listed $89,900 MLSOK
• 2018-04-23 Pending — MLSOK
• 2018-04-20 Sold (MLS) $68,000 MLSOK
• 2018-03-19 Sold (MLS) $68,000 MLSOK
• 2018-02-24 Pending — MLSOK
• 2018-02-17 Listed $68,000 MLSOK
• 2017-03-13 Listing Removed — MLSOK
• 2016-11-21 Price Changed $77,400 MLSOK
• 2016-09-12 Listed $79,900 MLSOK

Property tax history

+64.1%/yr

Latest (2024): $4,568 · +4.5% YoY. Source: county tax records.