221 N Barker Ave · El Reno, OK 73036

$134,900

3 bd · 1.0 ba · 2,279 sqft · SingleFamily public records · 1 Days on market

Built 1920 4,600 sqft lot Est $196k · 31% 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 +25.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.6/10.0
• 1% rule +6.1/10.0
• 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

Back on market at no fault of the seller! PRICED BELOW RECENT APPRAISAL! You do not want to miss out on a chance to purchase a home and have instant equity! This cute home offers 4 bedrooms, 3 baths, a large corner lot, and a fun and unique floor plan!

Key facts

• Enclosed carport
• Extra room
• Covered back patio

Tags

• CRAFTSMAN STYLE
• CORNER LOT
• ENCLOSED CARPORT
• COVERED BACK PATIO
• EXTRA ROOM

Property features AI

Finance

• Other: Located on the southwest corner of Barker and E. Rogers; Located in El Reno Original Town
• Financial info: Sold as-is; Not assumable; Court approval may be required for sale
• HOA & community: No mandatory association dues

Exterior

• Parking: Backyard parking
• Home design: Two levels; Single-family residence; Residential property; Existing property
• Construction: Frame construction; Composition roof; Conventional foundation; Built prior to current listing (existing)
• Exterior features: Porch; Corner lot

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 3 full bathrooms
• Interior features: One living area; One dining area; No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $326 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Cap rate 9.2% 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: Rose Witcher Es (387 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; 4 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 $933 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 $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 7y 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.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $134,900

Questions for the listing agent

1. Built in 1920 — 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 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?
4. 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.
5. 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.
6. 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: 1.11% ✓
• Cap rate: 9.19%
• Cash-on-cash: 10.36%
• DSCR: 1.46
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $195,994
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 S Barker Ave	0.19mi	3/2.5	2,214 (-3%)	13mo	$229,000	$103	70
301 S Barker Ave	0.25mi	4/2.0 (+1)	2,254 (-1%)	18mo	$220,000	$98	62
312 E Wade St	0.26mi	2/2.0 (-1)	2,004 (-12%)	7mo	$172,500	$86	53
620 S Macomb Ave	0.48mi	4/2.0 (+1)	1,982 (-13%)	3mo	$130,000	$66	44
111 S Macomb Ave	0.17mi	4/2.0 (+1)	1,940 (-15%)	20mo	$117,000	$60	41
610 S Hoff Ave	0.47mi	3/1.5	1,995 (-12%)	23mo	$225,000	$113	36
906 S Barker Ave	0.64mi	4/2.0 (+1)	2,032 (-11%)	22mo	$165,000	$81	25

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: 0.5%
• Equity multiple: 1.02×
• Total profit: $708
• Equity at exit: $20,114

10-year hold

• IRR: 11.2%
• Equity multiple: 1.92×
• Total profit: $34,921
• Equity at exit: $11,664

Cash invested: $37,772 (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: 7.5×

Monthly cashflow live

• Estimated rent: $1,501 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$96 /mo · $1,157/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $326

Break-even live

Break-even rent $1,089

Max offer price $134,900

Occupancy floor 73%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
605 W Clarke St El Reno, OK	3.0	2.0	1768	$1,395	$0.79	1d	1	0.46mi
1031 S Ellison Ave El Reno, OK	3.0	2.0	1601	$1,500	$0.94	1d	1	1.05mi
1109 S Ellison Ave El Reno, OK	2.0	2.0	1595	$1,360	$0.85	1d	1	1.13mi
1802 S Dille Ave El Reno, OK	4.0	2.0	2712	$1,595	$0.59	1d	1	1.32mi

Listing history 2 events

1. 2026-06-17
   remarks 300-char remark
2. 2026-06-17
   listed $134,900 Active 1 DOM

ⓘ 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: $1,157 · $96/mo
• Projected year-2 tax: $1,214 · $101/mo
• Expected delta: +$57/yr (+$5/mo · 4.9%)

ⓘ 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 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: $18,018
• − Mortgage interest: −$7,556
• − Property taxes: −$1,157
• − Insurance: −$674
• − Repairs & maintenance: −$1,441
• − Management: −$1,441
• − Depreciation: −$3,924
• Taxable income: $1,823
• Est. tax owed @ 24.0%: −$437
• After-tax cash flow: $3,476/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

-69.6% since first listed

25 events — show timeline

• 2026-06-17 Listed $134,900 MLSOK
• 2023-01-03 Sold (Public Records) $150,000 Public Records
• 2022-12-23 Sold (MLS) $150,000 MLSOK
• 2022-11-21 Pending — MLSOK
• 2022-10-17 Relisted — MLSOK
• 2022-09-20 Pending — MLSOK
• 2022-09-09 Pending — MLSOK
• 2022-09-07 Listed $159,000 MLSOK
• 2022-09-01 Listing Removed — MLSOK
• 2022-08-30 Price Changed $159,000 MLSOK
• 2022-06-30 Listed $165,000 MLSOK
• 2022-06-10 Listing Removed — MLSOK
• 2022-03-02 Price Changed $165,000 MLSOK
• 2022-01-25 Price Changed $170,000 MLSOK
• 2022-01-12 Listed $180,000 MLSOK
• 2021-07-03 Listing Removed — MLSOK
• 2021-06-07 Listed $139,500 MLSOK
• 2020-01-16 Listing Removed — MLSOK
• 2019-12-14 Price Changed $105,000 MLSOK
• 2019-11-17 Price Changed $110,000 MLSOK
• 2019-11-11 Price Changed $111,000 MLSOK
• 2019-09-10 Price Changed $116,000 MLSOK
• 2019-08-12 Price Changed $119,000 MLSOK
• 2019-07-15 Listed $122,000 MLSOK
• 1986-10-01 Sold (Public Records) $444,000 Public Records

Property tax history

+7.8%/yr

Latest (2025): $1,157 · -0.7% YoY. Source: county tax records.