137 N O Ave · El Reno, OK 73036

$119,000

2 bd · 1.0 ba · 900 sqft · SingleFamily public records · 59 Days on market

Built 1960 6,752 sqft lot Est $106k · 12% over

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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 +22.4/30.0
• DSCR +7.2/10.0
• 1% rule +5.1/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• ARV discount +2.1/15.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

PENDING WHILE PROCESSING, ENTERED FOR COMP

Key facts

• Spacious backyard
• Updated flooring
• Fresh exterior paint

Tags

• UPDATED FLOORING
• NEW WINDOWS
• FRESH EXTERIOR PAINT
• SPACIOUS BACKYARD
• CONVENIENT STORAGE CLOSET

Property features AI

Finance

• Other: Homestead exempt; Located in the Fair addition; No storm shelter; Manual geocode source; Directions available
• Financial info: Loan qualification possible
• HOA & community: No mandatory association dues

Exterior

• Home design: Single family residence; One level; Residential property; Existing property
• Construction: Frame construction; Composition roof; Slab foundation
• Exterior features: Chain link fence; Infill lot

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Interior features: No fireplace; No in-law plan

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $198 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $115k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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; 2 comparable units currently listed for rent nearby; 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 $823 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.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($115k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 25y 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 $67k; list at $119k implies a 78% gain — meaningful room to come down on a strong offer.

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 $115,430 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.01% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.13%
• DSCR: 1.32
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $106,200
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
219 N O St	0.10mi	2/1.0	901 (+0%)	12mo	$136,000	$151	85
226 N N Ave	0.11mi	2/1.0	840 (-7%)	1mo	$15,000	$18	83
208 N Foster Ave	0.42mi	2/1.0	873 (-3%)	2mo	$79,000	$90	74
221 N L Ave	0.21mi	2/1.0	1,000 (+11%)	1mo	$114,000	$114	71
1008 E Woodson St	0.32mi	3/1.0 (+1)	999 (+11%)	1mo	$75,500	$76	61
324 Hal Dr	0.43mi	2/1.0	1,000 (+11%)	6mo	$118,000	$118	57
818 E Watts St	0.52mi	2/1.0	1,024 (+14%)	1mo	$125,000	$122	52
420 N Barker Ave	0.74mi	3/1.0 (+1)	860 (-4%)	5mo	$79,000	$92	49
314 S Roberts Ave	0.57mi	3/1.0 (+1)	1,028 (+14%)	2mo	$141,000	$137	43
1200 E Ash St	0.69mi	3/1.0 (+1)	1,032 (+15%)	12mo	$149,000	$144	28

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: -4.2%
• Equity multiple: 0.84×
• Total profit: $-5,248
• Equity at exit: $17,743

10-year hold

• IRR: 6.7%
• Equity multiple: 1.53×
• Total profit: $17,676
• Equity at exit: $10,289

Cash invested: $33,320 (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: 8.3×

Monthly cashflow live

• Estimated rent: $1,201 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$77 /mo · $928/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $198

Break-even live

Break-even rent $951

Max offer price $119,000

Occupancy floor 79%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
607 N Evans Ave El Reno, OK	2.0	1.0	1032	$1,025	$0.99	1d	1	1.05mi
1020 W Hayes St El Reno, OK	2.0	2.0	865	$1,250	$1.45	1d	1	1.47mi

Listing history 21 events

1. 2026-06-18
   days on market $119,000 Active 59 DOM
2. 2026-06-17
   days on market $119,000 Active 58 DOM
3. 2026-06-16
   days on market $119,000 Active 57 DOM
4. 2026-06-15
   days on market $119,000 Active 56 DOM
5. 2026-06-13
   days on market $119,000 Active 54 DOM
6. 2026-06-13
   days on market $119,000 Active 53 DOM
7. 2026-06-10
   status $119,000 Active 50 DOM
8. 2026-06-02
   statusdays on market $119,000 Pending 50 DOM
9. 2026-06-01
   days on market $119,000 Active 49 DOM
10. 2026-05-31
    days on market $119,000 Active 48 DOM
11. 2026-05-13
    price $119,000
12. 2026-04-13
    listed $123,000 Active
13. 2022-06-20
    soldstatus $67,000
14. 2022-06-16
    soldstatus $67,000 Sold 44-char remark

    Show marketing remark (44 chars)

    PENDING WHILE PROCESSING, ENTERED FOR COMP

15. 2022-06-07
    historical 44-char remark

    Show marketing remark (44 chars)

    PENDING WHILE PROCESSING, ENTERED FOR COMP

16. 2022-06-07
    listed $67,000 44-char remark

    Show marketing remark (44 chars)

    PENDING WHILE PROCESSING, ENTERED FOR COMP

17. 2007-12-19
    historical
18. 2001-09-18
    soldstatus $19,000
19. 2001-09-13
    soldstatus $19,000
20. 2001-08-08
    listed $20,000
21. 2001-02-02
    listed $20,000

ⓘ 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: $928 · $77/mo
• Projected year-2 tax: $1,071 · $89/mo
• Expected delta: +$143/yr (+$12/mo · 15.4%)

ⓘ 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 4% 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: $14,414
• − Mortgage interest: −$6,666
• − Property taxes: −$928
• − Insurance: −$595
• − Repairs & maintenance: −$1,153
• − Management: −$1,153
• − Depreciation: −$3,462
• Taxable income: $457
• Est. tax owed @ 24.0%: −$110
• After-tax cash flow: $2,266/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

+495.0% since first listed

11 events — show timeline

• 2026-05-13 Price Changed $119,000 MLSOK
• 2026-04-13 Listed $123,000 MLSOK
• 2022-06-20 Sold (Public Records) $67,000 Public Records
• 2022-06-16 Sold (MLS) $67,000 MLSOK
• 2022-06-07 Listing Removed — MLSOK
• 2022-06-07 Listed $67,000 MLSOK
• 2007-12-19 Listing Removed — MLSOK
• 2001-09-18 Sold (Public Records) $19,000 Public Records
• 2001-09-13 Sold (MLS) $19,000 MLSOK
• 2001-08-08 Listed $20,000 MLSOK
• 2001-02-02 Listed $20,000 MLSOK

Property tax history

+9.6%/yr

Latest (2025): $928 · +6.1% YoY. Source: county tax records.