1322 S Reno Ave · El Reno, OK 73036

$189,000

4 bd · 2.0 ba · 2,104 sqft · SingleFamily public records · 129 Days on market

Built 1962 9,148 sqft lot Est $284k · 33% under

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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).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• 1% rule +3.9/10.0
• 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

3 bed 1 and 1/2 bath home with lots of bonus space! This home has lots of updates from new flooring, new lighting, and new bath fixtures! Home has 2 large bonus rooms. Large kitchen with lots of cabinets. Inside laundry room and fenced in backyard. Home is being sold “as is”.

Key facts

• Slab foundation
• Level lot
• 9,148 sq ft lot

Tags

• SINGLE-STORY BRICK HOME
• SLAB FOUNDATION
• FUNCTIONAL FLOOR PLAN
• MULTIPLE ENTRY POINTS
• EXTERIOR BRICK FAÇADE
• LEVEL LOT

Property features AI

Finance

• Other: Vacant and available; Price was recently decreased
• Financial info: Assumable loan: Unknown; Loan qualification: Unknown
• HOA & community: No mandatory association dues

Exterior

• Parking: Concrete parking
• Utilities: No flood insurance required (per listing); Homestead not claimed (per listing)
• Home design: Single family residence; One story; Facing east; Residential property; Existing condition
• Construction: Brick and frame construction; Composition roof (replaced/installed 2017); Slab foundation
• Exterior features: Front porch; Rain gutters; Wood fencing; Corner lot

Interior

• Kitchen: Range (7)
• Bedrooms: 4 bedrooms
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Electric heating
• Interior features: Two living areas; Dining area; No fireplace; No in-law plan

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $51 ($612/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $167k (11.4% below list).
• Recommended offer: $166k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.6% 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: Hillcrest Es (325 students, 0% FRL); 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; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 3d 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 34% 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 $1k of loan paydown is wiped out by about $6k 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 129 days — a 12% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $11k (6%) 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 $166,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 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 1962 — 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. 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?
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: 0.89% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.16%
• DSCR: 1.05
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $284,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
803 Fairfax Ln	0.22mi	4/2.5	2,031 (-4%)	13mo	$285,000	$140	71
1309 Fairfax Ln	0.09mi	3/2.0 (-1)	1,852 (-12%)	6mo	$305,000	$165	66
808 Ashland Dr	0.27mi	3/2.0 (-1)	2,000 (-5%)	11mo	$270,000	$135	65
420 SW 24th St	0.48mi	3/2.0 (-1)	2,148 (+2%)	6mo	$160,000	$74	64
1260 Penny Ln	0.41mi	3/2.0 (-1)	1,919 (-9%)	3mo	$310,000	$162	59
800 Fairfax Ln	0.19mi	3/2.0 (-1)	1,818 (-14%)	7mo	$299,000	$164	58
1127 S Reno Ave	0.18mi	3/2.5 (-1)	1,812 (-14%)	5mo	$245,000	$135	58
1515 Abbey Rd	0.40mi	4/2.5	2,274 (+8%)	10mo	$344,200	$151	57
812 SW 26th St	0.55mi	4/2.5	2,283 (+8%)	11mo	$265,000	$116	49
2505 S Miles Ave	0.53mi	3/3.0 (-1)	2,369 (+13%)	1mo	$240,000	$101	45
517 SW 24th St	0.42mi	3/2.0 (-1)	1,802 (-14%)	11mo	$200,000	$111	42
818 SW 26th Pl	0.62mi	3/2.0 (-1)	1,789 (-15%)	4mo	$130,000	$73	38

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: -13.2%
• Equity multiple: 0.52×
• Total profit: $-25,343
• Equity at exit: $28,181

10-year hold

• IRR: -2.5%
• Equity multiple: 0.82×
• Total profit: $-9,337
• Equity at exit: $16,341

Cash invested: $52,920 (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: 9.4×

Monthly cashflow live

• Estimated rent: $1,675 high
• Mortgage (P&I): −$991
• Tax from tax record: −$202 /mo · $2,424/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$352
• Net cashflow: $51

Break-even live

Break-even rent $1,610

Max offer price $189,000

Occupancy floor 92%

Sensitivity live

Price	-10% $158	-5% $105	+0% $51	+5% $-2	+10% $-56
Rent	-10% $-81	-5% $-15	+0% $51	+5% $117	+10% $183
Rate	-1.0pp $146	-0.5pp $99	base $51	+0.5pp $2	+1.0pp $-48

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1802 S Dille Ave El Reno, OK	4.0	2.0	2712	$1,595	$0.59	2d	1	0.27mi
802 Amity Ln El Reno, OK	3.0	2.0	2118	$1,550	$0.73	2d	1	0.29mi
1031 S Ellison Ave El Reno, OK	3.0	2.0	1601	$1,500	$0.94	2d	1	0.34mi
1915 S Jensen Ave El Reno, OK	3.0	1.5	1402	$1,400	$1.00	2d	1	0.40mi
2401 Fedderson Dr El Reno, OK	4.0	2.0	1546	$1,650	$1.07	2d	1	0.45mi
814 SW 25th St El Reno, OK	3.0	2.0	1411	$1,375	$0.97	20d	1	0.49mi
1636 Eighty Niner Ter El Reno, OK	3.0	2.0	1707	$1,599	$0.94	2d	1	1.03mi
1903 Dogwood Dr El Reno, OK	4.0	2.0	1534	$1,650	$1.08	2d	1	1.17mi
1905 Crimson Lake Blvd El Reno, OK	4.0	2.0	1534	$1,600	$1.04	2d	1	1.23mi
2003 Crimson Lake Blvd El Reno, OK	4.0	2.0	1534	$1,650	$1.08	2d	1	1.23mi
2103 Crimson Lake Blvd El Reno, OK	4.0	2.0	1534	$1,650	$1.08	2d	1	1.24mi
2105 Crimson Lake Blvd El Reno, OK	3.0	2.0	1412	$1,560	$1.10	16d	1	1.25mi
1810 Crimson Lake Blvd El Reno, OK	4.0	2.0	1566	$1,650	$1.05	2d	1	1.26mi
1609 Maroon Dr El Reno, OK	5.0	3.0	2483	$2,049	$0.83	2d	1	1.26mi
2003 Malus Dr El Reno, OK	4.0	2.0	1589	$1,500	$0.94	2d	1	1.28mi
1705 Ruby Dr El Reno, OK	5.0	2.5	2213	$1,985	$0.90	22d	1	1.38mi
1705 Ruby Dr El Reno, OK	5.0	2.5	2107	$1,985	$0.94	24d	1	1.38mi
2408 Rosewood Ln El Reno, OK	4.0	2.5	1674	$1,795	$1.07	24d	1	1.41mi
605 W Clarke St El Reno, OK	3.0	2.0	1768	$1,395	$0.79	2d	1	1.43mi
1712 Amaranth Ln El Reno, OK	4.0	2.5	2213	$2,000	$0.90	2d	1	1.46mi

Listing history 37 events

1. 2026-06-18
   days on market $189,000 Active 129 DOM
2. 2026-06-17
   days on market $189,000 Active 128 DOM
3. 2026-06-16
   days on market $189,000 Active 127 DOM
4. 2026-06-15
   days on market $189,000 Active 126 DOM
5. 2026-06-13
   days on market $189,000 Active 124 DOM
6. 2026-06-13
   days on market $189,000 Active 123 DOM
7. 2026-06-09
   days on market $189,000 Active 120 DOM
8. 2026-06-08
   days on market $189,000 Active 119 DOM
9. 2026-06-07
   days on market $189,000 Active 118 DOM
10. 2026-06-05
    days on market $189,000 Active 115 DOM
11. 2026-06-03
    days on market $189,000 Active 114 DOM
12. 2026-06-02
    days on market $189,000 Active 113 DOM
13. 2026-06-01
    days on market $189,000 Active 112 DOM
14. 2026-05-31
    days on market $189,000 Active 111 DOM
15. 2026-04-10
    price $189,000
16. 2026-03-03
    price $198,000
17. 2026-02-09
    listed $200,000 Active
18. 2024-11-27
    historical
19. 2024-09-29
    listed $220,000 Active
20. 2023-06-23
    status Pending 288-char remark

    Show marketing remark (288 chars)

    3 bed 1 and 1/2 bath home with lots of bonus space! This home has lots of updates from new flooring, new lighting, and new bath fixtures! Home has 2 large bonus rooms. Large kitchen with lots of cabinets. Inside laundry room and fenced in backyard. Home is being sold “as is”.

21. 2023-06-23
    soldstatus $175,000 Closed 288-char remark

    Show marketing remark (288 chars)

    3 bed 1 and 1/2 bath home with lots of bonus space! This home has lots of updates from new flooring, new lighting, and new bath fixtures! Home has 2 large bonus rooms. Large kitchen with lots of cabinets. Inside laundry room and fenced in backyard. Home is being sold “as is”.

22. 2023-06-23
    soldstatus $175,000 Closed 288-char remark

    Show marketing remark (288 chars)

    3 bed 1 and 1/2 bath home with lots of bonus space! This home has lots of updates from new flooring, new lighting, and new bath fixtures! Home has 2 large bonus rooms. Large kitchen with lots of cabinets. Inside laundry room and fenced in backyard. Home is being sold “as is”.

23. 2023-06-16
    soldstatus $175,000
24. 2023-05-05
    status Pending 288-char remark

    Show marketing remark (288 chars)

    3 bed 1 and 1/2 bath home with lots of bonus space! This home has lots of updates from new flooring, new lighting, and new bath fixtures! Home has 2 large bonus rooms. Large kitchen with lots of cabinets. Inside laundry room and fenced in backyard. Home is being sold “as is”.

25. 2023-03-23
    price $169,500 288-char remark

    Show marketing remark (288 chars)

    3 bed 1 and 1/2 bath home with lots of bonus space! This home has lots of updates from new flooring, new lighting, and new bath fixtures! Home has 2 large bonus rooms. Large kitchen with lots of cabinets. Inside laundry room and fenced in backyard. Home is being sold “as is”.

26. 2023-02-27
    price $175,000 288-char remark

    Show marketing remark (288 chars)

    3 bed 1 and 1/2 bath home with lots of bonus space! This home has lots of updates from new flooring, new lighting, and new bath fixtures! Home has 2 large bonus rooms. Large kitchen with lots of cabinets. Inside laundry room and fenced in backyard. Home is being sold “as is”.

27. 2023-02-17
    listed $189,000 Active 288-char remark

    Show marketing remark (288 chars)

    3 bed 1 and 1/2 bath home with lots of bonus space! This home has lots of updates from new flooring, new lighting, and new bath fixtures! Home has 2 large bonus rooms. Large kitchen with lots of cabinets. Inside laundry room and fenced in backyard. Home is being sold “as is”.

28. 2018-07-09
    soldstatus $49,500
29. 2018-07-03
    soldstatus $49,500 Sold
30. 2018-05-21
    status Pending
31. 2018-05-03
    price $67,900
32. 2018-04-05
    price $73,900
33. 2018-02-27
    listed $78,900 Active
34. 2006-04-04
    soldstatus $95,000
35. 2006-03-31
    soldstatus $94,760
36. 2006-02-10
    listed $96,900
37. 1992-06-08
    soldstatus $53,000

ⓘ 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: $2,424 · $202/mo
• Projected year-2 tax: $2,424 · $202/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% 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: $20,095
• − Mortgage interest: −$10,587
• − Property taxes: −$2,424
• − Insurance: −$945
• − Repairs & maintenance: −$1,608
• − Management: −$1,608
• − Depreciation: −$5,498
• Taxable loss: −$2,574
• Est. tax savings @ 24.0%: +$618
• After-tax cash flow: $1,230/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

+256.6% since first listed

23 events — show timeline

• 2026-04-10 Price Changed $189,000 MLSOK
• 2026-03-03 Price Changed $198,000 MLSOK
• 2026-02-09 Listed $200,000 MLSOK
• 2024-11-27 Listing Removed — MLSOK
• 2024-09-29 Listed $220,000 MLSOK
• 2023-06-23 Pending — MLSOK
• 2023-06-23 Sold (MLS) $175,000 MLSOK
• 2023-06-23 Sold (MLS) $175,000 MLSOK
• 2023-06-16 Sold (Public Records) $175,000 Public Records
• 2023-05-05 Pending — MLSOK
• 2023-03-23 Price Changed $169,500 MLSOK
• 2023-02-27 Price Changed $175,000 MLSOK
• 2023-02-17 Listed $189,000 MLSOK
• 2018-07-09 Sold (Public Records) $49,500 Public Records
• 2018-07-03 Sold (MLS) $49,500 MLSOK
• 2018-05-21 Pending — MLSOK
• 2018-05-03 Price Changed $67,900 MLSOK
• 2018-04-05 Price Changed $73,900 MLSOK
• 2018-02-27 Listed $78,900 MLSOK
• 2006-04-04 Sold (Public Records) $95,000 Public Records
• 2006-03-31 Sold (MLS) $94,760 MLSOK
• 2006-02-10 Listed $96,900 MLSOK
• 1992-06-08 Sold (Public Records) $53,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $2,424 · -4.0% YoY. Source: county tax records.