2109 W Elm Ave · Enid, OK 73703

$121,500

3 bd · 1.0 ba · 1,335 sqft · SingleFamily public records · 104 Days on market

Built 1955 8,400 sqft lot Est $150k · 19% 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 +28.6/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• 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

Nicely updated home with newer carpet, paint windows and lighting. This home has been updated by the current owner to allow a homeowner to rest easy and not have to worry about roof leaks or high utility bills. Large spacious bedrooms and a utility room that will be the envy of all your friends--come see the inside of this ready to move into home!

Key facts

• Quiet street
• Open concept kitchen
• Big back yard

Tags

• QUIET STREET
• BIG BACK YARD
• OPEN CONCEPT KITCHEN
• FRONT PORCH

Property features AI

Finance

• Other: Zoned residential; Lot approximately 56 x 150; Subdivision: Morefield Addition

Exterior

• Parking: Attached garage with garage door opener (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Single-story; Faces north
• Construction: Wood siding construction; Built with composition roof
• Exterior features: Storm door(s); Chain link fencing; Composition roof

Interior

• Kitchen: Refrigerator included
• Bedrooms: Single-story home (1 total story)
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central air; Ceiling fan(s)
• Interior features: Pantry; Entrance foyer; Storm windows; Window coverings

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $122k.

Deal economics

• At list price, monthly cash flow is $402 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $122k).
• Recommended offer: $111k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.3% 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: Hoover Es (math 57% / reading 42%, grade D, #42 of 845 statewide, top 5%, 293 students, 0% FRL); Dewitt Waller Ms (math 19% / reading 27%, grade F, #120 of 345 statewide, top 35%, 735 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 $840 of loan paydown is wiped out by about $4k 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 $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $102k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $110,565 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — 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 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?
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: 1.26% ✓
• Cap rate: 10.27%
• Cash-on-cash: 14.19%
• DSCR: 1.63
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $149,520
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2218 W Maple Ave	0.10mi	3/2.0	1,330 (-0%)	3mo	$161,000	$121	88
2105 W Broadway Ave	0.21mi	3/1.0	1,377 (+3%)	3mo	$145,000	$105	83
422 Lydell Carr Dr	0.16mi	3/1.0	1,416 (+6%)	2mo	$78,500	$55	81
2202 W Maine Ave	0.26mi	3/1.0	1,464 (+10%)	3mo	$125,000	$85	70
2418 W Broadway Ave	0.32mi	2/1.0 (-1)	1,256 (-6%)	1mo	$65,000	$52	69
1407 W Broadway Ave	0.52mi	3/2.0	1,400 (+5%)	3mo	$165,000	$118	61
622 N Harding St	0.69mi	3/1.5	1,363 (+2%)	2mo	$152,500	$112	61
2011 W Walnut Ave	0.21mi	3/2.0	1,512 (+13%)	7mo	$166,000	$110	58
1214 Stonebridge Way	0.51mi	3/2.0	1,502 (+12%)	6mo	$280,000	$186	47
2522 W Oklahoma Ave	0.55mi	2/1.0 (-1)	1,134 (-15%)	1mo	$99,000	$87	44
2835 W Elm Ave	0.62mi	3/3.0	1,488 (+12%)	5mo	$170,000	$114	40
110 S Coolidge St	0.70mi	3/2.5	1,524 (+14%)	3mo	$206,000	$135	35

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: 3.9%
• Equity multiple: 1.15×
• Total profit: $5,053
• Equity at exit: $18,116

10-year hold

• IRR: 12.8%
• Equity multiple: 1.99×
• Total profit: $33,809
• Equity at exit: $10,505

Cash invested: $34,020 (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: 6.6×

Monthly cashflow live

• Estimated rent: $1,525 medium
• Mortgage (P&I): −$637
• Tax from tax record: −$115 /mo · $1,377/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $402

Break-even live

Break-even rent $1,016

Max offer price $121,500

Occupancy floor 69%

Sensitivity live

Price	-10% $471	-5% $437	+0% $402	+5% $368	+10% $334
Rent	-10% $282	-5% $342	+0% $402	+5% $463	+10% $523
Rate	-1.0pp $464	-0.5pp $433	base $402	+0.5pp $371	+1.0pp $339

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: $30,375
• Closing costs: $3,645
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $121,500 Active 104 DOM
2. 2026-06-19
   days on market $121,500 Active 102 DOM
3. 2026-06-18
   days on market $121,500 Active 101 DOM
4. 2026-06-18
   price $121,500 Active 100 DOM
5. 2026-06-17
   days on market $128,500 Active 100 DOM
6. 2026-06-16
   days on market $128,500 Active 99 DOM
7. 2026-06-15
   days on market $128,500 Active 98 DOM
8. 2026-06-14
   days on market $128,500 Active 96 DOM
9. 2026-06-12
   pricedays on market $128,500 Active 95 DOM
10. 2026-06-09
    days on market $129,000 Active 92 DOM
11. 2026-06-08
    days on market $129,000 Active 91 DOM
12. 2026-06-07
    days on market $129,000 Active 90 DOM
13. 2026-06-02
    days on market $129,000 Active 85 DOM
14. 2026-06-01
    days on market $129,000 Active 84 DOM
15. 2026-05-31
    days on market $129,000 Active 83 DOM
16. 2026-05-30
    days on market $129,000 Active 82 DOM
17. 2026-03-09
    listed $129,000 Active
18. 2022-06-22
    soldstatus $102,000
19. 2022-06-17
    soldstatus $102,000 349-char remark

    Show marketing remark (349 chars)

    Nicely updated home with newer carpet, paint windows and lighting. This home has been updated by the current owner to allow a homeowner to rest easy and not have to worry about roof leaks or high utility bills. Large spacious bedrooms and a utility room that will be the envy of all your friends--come see the inside of this ready to move into home!

20. 2022-04-29
    listed $105,900 349-char remark

    Show marketing remark (349 chars)

    Nicely updated home with newer carpet, paint windows and lighting. This home has been updated by the current owner to allow a homeowner to rest easy and not have to worry about roof leaks or high utility bills. Large spacious bedrooms and a utility room that will be the envy of all your friends--come see the inside of this ready to move into home!

21. 2020-09-15
    soldstatus $80,000 183-char remark

    Show marketing remark (183 chars)

    Great rental or first time home, this home offers 3 bedrooms, 1 bathroom with 1335 sq ft (mol). Large open kitchen and dining room. Nice sized backyard for entertaining or fur babies.

22. 2020-09-15
    soldstatus $80,000

    Show marketing remark (183 chars)

    Great rental or first time home, this home offers 3 bedrooms, 1 bathroom with 1335 sq ft (mol). Large open kitchen and dining room. Nice sized backyard for entertaining or fur babies.

23. 2020-07-14
    listed $84,900 183-char remark

    Show marketing remark (183 chars)

    Great rental or first time home, this home offers 3 bedrooms, 1 bathroom with 1335 sq ft (mol). Large open kitchen and dining room. Nice sized backyard for entertaining or fur babies.

24. 2014-12-05
    soldstatus $71,322

ⓘ 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: $1,377 · $115/mo
• Projected year-2 tax: $1,377 · $115/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 1/10 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: $18,302
• − Mortgage interest: −$6,806
• − Property taxes: −$1,377
• − Insurance: −$608
• − Repairs & maintenance: −$1,464
• − Management: −$1,464
• − Depreciation: −$3,535
• Taxable income: $3,049
• Est. tax owed @ 24.0%: −$732
• After-tax cash flow: $4,096/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

+80.9% since first listed

8 events — show timeline

• 2026-03-09 Listed $129,000 NWOAR
• 2022-06-22 Sold (Public Records) $102,000 Public Records
• 2022-06-17 Sold (MLS) $102,000 NWOAR
• 2022-04-29 Listed $105,900 NWOAR
• 2020-09-15 Sold (Public Records) $80,000 Public Records
• 2020-09-15 Sold (MLS) $80,000 NWOAR
• 2020-07-14 Listed $84,900 NWOAR
• 2014-12-05 Sold (Public Records) $71,322 Public Records

Property tax history

+12.8%/yr

Latest (2025): $1,377 · +4.3% YoY. Source: county tax records.