1418 Gannon Ave · Enid, OK 73703

$105,000

3 bd · 2.0 ba · 1,084 sqft · SingleFamily public records · 6 Days on market

Built 1961 0.93 ac lot Est $128k · 18% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• Livability +3.2/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

96.5% FHA Loan @Prime Lending, 3.75% int, 30 yrs 1084 sq ft mol per OK Assessor Concessions pd by Seller for Buyer $4,482.95 Appraised by John Smithson This handsome home is a MUST SEE! 3 Bedroom and 1.5 Bath in Garry Mungers Southwest Addition. Beautiful paint throughout. Flooring is in great condition. Tinted windows are in the living room and add a unique touch to the front of this special home.

Key facts

• Major roadways
• Backyard
• Schools

Tags

• HARDWOOD FLOORS
• BACKYARD
• LOCAL SHOPPING
• RESTAURANTS
• SCHOOLS
• MAJOR ROADWAYS

Property features AI

Finance

• Other: Homestead exempt; Existing property; Storm shelter not present
• Financial info: Loan qualification possible; Not assumable
• HOA & community: No mandatory association dues

Exterior

• Parking: 1-car garage
• Utilities: Cable available; Electricity available; Natural gas available
• Home design: Single family residence; One level; South-facing; Residential property
• Construction: Brick & frame construction; Composition roof (roof year 2025); Conventional foundation
• Exterior features: Porch; Rain gutters; Interior lot; Combination fencing

Interior

• Kitchen: Built-in electric range; Built-in electric oven
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Wood
• Bathrooms: 1 full bath; 1 half bath
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $458 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Cap rate 11.5% vs local median 5.0% in Enid — 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 63/100 on livability (#212 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime F, amenities F.
• Enid (town): math 19% / reading 22% proficiency, ranked #168 of 270 in OK (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Taft Es (math 22% / reading 22%, grade F, #413 of 845 statewide, top 54%, 295 students, 0% FRL); Emerson Ms (math 10% / reading 18%, grade F, #250 of 345 statewide, top 73%, 401 students, 0% FRL); Enid Hs (math 14% / reading 26%, grade F, #236 of 447 statewide, top 61%, 2,252 students, 0% FRL) — zoned schools average 0% FRL vs 64% district-wide (64 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+2.4%/yr); 175 active listings in the ZIP; 19 units permitted in Garfield County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Garfield County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.4% rent growth), your $29k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $15k (12%) 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 $105,000

Questions for the listing agent

1. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 1.39% ✓
• Cap rate: 11.52%
• Cash-on-cash: 18.68%
• DSCR: 1.83
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $127,912
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1521 Pawnee St	0.13mi	3/1.0	1,089 (+0%)	11mo	$128,600	$118	80
1417 W Thompson Ave	0.09mi	3/1.0	1,035 (-4%)	8mo	$123,000	$119	77
1302 Ponca Ave	0.18mi	3/1.5	1,140 (+5%)	11mo	$99,999	$88	72
1102 Seneca Ave	0.40mi	3/1.0	1,094 (+1%)	11mo	$142,500	$130	67
1401 S Johnson St	0.25mi	3/1.0	1,230 (+14%)	1mo	$150,000	$122	61
1006 Seneca Ave	0.44mi	2/1.0 (-1)	1,140 (+5%)	2mo	$135,000	$118	60
1002 Sunset Ave	0.42mi	3/1.0	1,159 (+7%)	6mo	$72,000	$62	60
902 W York Ave	0.63mi	3/1.0	1,120 (+3%)	4mo	$97,500	$87	58
805 W Indiana Ave	0.61mi	2/1.0 (-1)	1,027 (-5%)	5mo	$70,000	$68	50
1910 W Rupe Ave	0.50mi	3/1.5	1,245 (+15%)	2mo	$135,000	$108	48
710 W Thompson Ave	0.56mi	2/1.0 (-1)	946 (-13%)	1mo	$87,500	$92	43
809 W Indiana Ave	0.60mi	2/1.0 (-1)	975 (-10%)	7mo	$133,000	$136	40

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 · 2.42% rent growth · sell at horizon

5-year hold

• IRR: 9.8%
• Equity multiple: 1.38×
• Total profit: $11,292
• Equity at exit: $15,656

10-year hold

• IRR: 18.5%
• Equity multiple: 2.49×
• Total profit: $43,948
• Equity at exit: $9,078

Cash invested: $29,400 (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 73703

• Rents YoY: 2.4%
• Active inventory: 175
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,456 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$98 /mo · $1,176/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$306
• Net cashflow: $458

Break-even live

Break-even rent $876

Max offer price $105,000

Occupancy floor 64%

Sensitivity live

Price	-10% $517	-5% $487	+0% $458	+5% $428	+10% $398
Rent	-10% $343	-5% $400	+0% $458	+5% $515	+10% $573
Rate	-1.0pp $511	-0.5pp $484	base $458	+0.5pp $430	+1.0pp $403

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $105,000 Active 6 DOM
2. 2026-06-19
   days on market $105,000 Active 4 DOM
3. 2026-06-18
   days on market $105,000 Active 3 DOM
4. 2026-06-17
   days on market $105,000 Active 2 DOM
5. 2026-06-16
   remarks 693-char remark
6. 2026-06-16
   pricedays on marketlisting id $105,000 Active 1 DOM
7. 2026-06-09
   days on market $110,000 Active 84 DOM
8. 2026-06-08
   days on market $110,000 Active 83 DOM
9. 2026-06-07
   days on market $110,000 Active 82 DOM
10. 2026-06-02
    days on market $110,000 Active 77 DOM
11. 2026-06-01
    days on market $110,000 Active 76 DOM
12. 2026-05-31
    days on market $110,000 Active 75 DOM
13. 2026-05-30
    days on market $110,000 Active 74 DOM
14. 2026-05-11
    price $110,000
15. 2026-03-17
    listed $120,000 Active
16. 2016-04-25
    soldstatus $92,000 401-char remark

    Show marketing remark (401 chars)

    96.5% FHA Loan @Prime Lending, 3.75% int, 30 yrs 1084 sq ft mol per OK Assessor Concessions pd by Seller for Buyer $4,482.95 Appraised by John Smithson This handsome home is a MUST SEE! 3 Bedroom and 1.5 Bath in Garry Mungers Southwest Addition. Beautiful paint throughout. Flooring is in great condition. Tinted windows are in the living room and add a unique touch to the front of this special home.

17. 2016-04-20
    soldstatus $92,000
18. 2016-01-22
    listed $97,500 401-char remark

    Show marketing remark (401 chars)

    96.5% FHA Loan @Prime Lending, 3.75% int, 30 yrs 1084 sq ft mol per OK Assessor Concessions pd by Seller for Buyer $4,482.95 Appraised by John Smithson This handsome home is a MUST SEE! 3 Bedroom and 1.5 Bath in Garry Mungers Southwest Addition. Beautiful paint throughout. Flooring is in great condition. Tinted windows are in the living room and add a unique touch to the front of this special home.

ⓘ 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: $1,176 · $98/mo
• Projected year-2 tax: $1,176 · $98/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 2/10 Low
• 🌡 Heat 5/10 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,469
• − Mortgage interest: −$5,882
• − Property taxes: −$1,176
• − Insurance: −$525
• − Repairs & maintenance: −$1,398
• − Management: −$1,398
• − Depreciation: −$3,055
• Taxable income: $4,037
• Est. tax owed @ 24.0%: −$969
• After-tax cash flow: $4,523/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: Enid
• NCES district ID: 4010920
• Math proficiency: 19% ▼ -11.00%
• Reading proficiency: 22% ▼ -9.00%
• Median HH income: $42,389
• Composite: 17.59/100
• National rank: #9040
• State rank: #168 of 270 in OK

Livability — Enid

• Score: 63/100
• State rank: #212
• US rank: #15472

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Enid, OK
• County: Garfield County · 55,032 people
• City population: 55,032
• Metro: Enid, OK
• Population (ZIP): 30,556
• Household income: $73,333
• Rent vs Own: 32.8% rent · 67.2% own
• Severe rent burden: 702.0

Population outlook (Garfield County) Hauer SSP2

• Today (2025): 69,026 people
• By 2030: 72,171 · +4.6%
• By 2040: 79,366 · +15.0%
• By 2050: 87,847 · +27.3%
• By 2075: 112,714 · +63.3%
• By 2100: 135,682 · +96.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 10% Two or more races 9% Black 2% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Iranian 2% Slovak 2% Serbian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 92% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 1%

Political lean MEDSL · Garfield

• 2024 margin: Solid R (+53.8) · D 22.2% · R 76.0% · Other 1.8%
• 2008→2024 swing: -2.8pp toward R · 2008: -51.0pp · 2024: -53.8pp
• All cycles: 2024: R+53.8 2020: R+53.7 2016: R+53.5 2012: R+52.5 2008: R+51.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.61%
• Current HPI: 187.8197
• Rent YoY: ▲ 2.42%
• Metro: Enid, 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

+12.8% since first listed

5 events — show timeline

• 2026-05-11 Price Changed $110,000 MLSOK
• 2026-03-17 Listed $120,000 MLSOK
• 2016-04-25 Sold (MLS) $92,000 NWOAR
• 2016-04-20 Sold (Public Records) $92,000 Public Records
• 2016-01-22 Listed $97,500 NWOAR

Property tax history

+5.3%/yr

Latest (2025): $1,176 · +4.3% YoY. Source: county tax records.