14407 N Pennsylvania Ave Unit 12K · Oklahoma City, OK 73134

$99,500

1 bd · 1.0 ba · 584 sqft · Condo public records · 224 Days on market

Built 1982 $200/mo HOA · 17% of rent

---

Why this score? — see what drove the C 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 +17.0/30.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• Appreciation +6.4/10.0
• DSCR +5.3/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Absolutely lovely condo within walking distance to food and shopping! There is carpet throughout the living and bedroom area with tile in the kitchen and bathroom. This bottom floor unit has a fireplace perfect for warming the place up on winter nights and a pool to cool off during the summer days. Your wallet will thank you as this condo is very energy efficient! This unit also includes a cute patio area and one covered parking space. The Hoa offers so much from the gated entrance, water, trash, roof, siding, fencing, ground and pool maintenance, to basic cable. Schedule your showing today!

Key facts

• Ground-floor
• Fresh paint
• New flooring

Tags

• GROUND-FLOOR
• GATED SETTING
• NEW FLOORING
• FRESH PAINT
• WASHER DRYER COMBO
• REFRESHED CABINETS

Property features AI

Finance

• Financial info: Financing options include cash, conventional, FHA or VA; Loan qualification allowed
• HOA & community: Mandatory association dues; Association fee covers garbage, gated entry, exterior maintenance, partial utilities, and pool

Exterior

• Parking: Concrete parking
• Security: Gated community
• Utilities: Partial utilities included in association
• Home design: Residential condominium; Lower-level unit; Entry facing west (entrance on west side of building)
• Construction: Brick veneer and masonry veneer exterior; Composition roof (roof year 2025); Slab foundation
• Exterior features: Open patio; Interior lot

Interior

• Kitchen: Free-standing electric range/oven
• Bedrooms: 1 bedroom (lower level condo)
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating
• Interior features: Open patio; Wood-burning fireplace

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $68 ($811/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 3.7% in Oklahoma City — 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 80/100 on livability (#3 in OK, #1,635 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• Edmond (suburban): math 38% / reading 40% proficiency, ranked #11 of 270 in OK (top 4%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Angie Debo Es (math 32% / reading 27%, grade F, #255 of 845 statewide, top 35%, 579 students, 0% FRL); Santa Fe Hs (math 36% / reading 52%, grade F, #18 of 447 statewide, top 4%, 2,796 students, 0% FRL) — zoned schools average 0% FRL vs 22% district-wide (22 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+5.2%/yr); 42 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($688 loan paydown + $3k appreciation (2.7% local appreciation)).
• Oklahoma County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.7% appreciation + 5.2% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 224 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y ago; this cycle's ask has dropped $6k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $53k; list at $100k implies a 88% 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 $87,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 224 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.15% ✓
• Cap rate: 7.11%
• Cash-on-cash: 2.91%
• DSCR: 1.13
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.71% appreciation · 5.21% rent growth · sell at horizon

5-year hold

• IRR: 11.0%
• Equity multiple: 1.63×
• Total profit: $17,499
• Equity at exit: $43,143

10-year hold

• IRR: 14.8%
• Equity multiple: 3.24×
• Total profit: $62,480
• Equity at exit: $65,273

Cash invested: $27,860 (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 73134

• Home prices YoY: 1.2%
• Rents YoY: 5.2%
• Active inventory: 42
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,143 high
• Mortgage (P&I): −$522
• Tax from tax record: −$72 /mo · $870/yr
• Insurance: −$41
• HOA: −$200
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $68

Break-even live

Break-even rent $1,058

Max offer price $99,500

Occupancy floor 89%

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: $24,875
• Closing costs: $2,985
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2300 NW 145th St Oklahoma City, OK	1.0–3.0	1.0–2.0	1000	$1,615	$1.61	1d	12	0.22mi
14201 N Kentucky Ave Oklahoma City, OK	1.0–2.0	1.0–2.0	905	$1,628	$1.80	2d	18	0.31mi
14900 N Pennsylvania Ave Oklahoma City, OK	1.0–3.0	1.0–2.0	1027	$1,010	$0.98	2d	19	0.31mi
14300 N Pennsylvania Ave Oklahoma City, OK	1.0–2.0	1.0–2.0	844	$799	$0.95	2d	1	0.42mi
14712 Mezzaluna Blvd Oklahoma City, OK	1.0–2.0	1.0–2.0	898	$1,299	$1.45	23d	25	0.52mi
2701 Watermark Blvd Oklahoma City, OK	1.0–3.0	1.0–2.0	1047	$1,161	$1.11	2d	19	0.68mi
14300 N May Ave Oklahoma City, OK	1.0–3.0	1.0–2.0	923	$890	$0.96	3d	15	0.78mi
14200 N May Ave Oklahoma City, OK	1.0–3.0	1.0–2.0	1031	$880	$0.85	2d	17	0.83mi
13600 N Blackwelder Ave Oklahoma City, OK	3.0	1.0–2.0	850	$1,348	$1.58	2d	27	0.89mi
2609 Featherstone Rd Oklahoma City, OK	1.0–2.0	1.0–2.0	769	$699	$0.91	2d	34	0.96mi
12831 Stratford Dr Oklahoma City, OK	1.0–3.0	1.0–2.0	1122	$854	$0.76	1d	22	1.10mi
12701 N Pennsylvania Ave Oklahoma City, OK	3.0	1.0–2.0	912	$1,122	$1.23	1d	15	1.11mi
3101 NW 150th St Oklahoma City, OK	1.0–2.0	1.0–2.0	811	$895	$1.10	2d	12	1.26mi
2301 NW 122nd St Oklahoma City, OK	1.0	1.0	723	$940	$1.30	2d	28	1.39mi
2201 NW 122nd St Oklahoma City, OK	—	1.0	520	$767	$1.48	43d	1	1.40mi
2401 NW 122nd St Oklahoma City, OK	1.0–2.0	1.0–2.0	844	$749	$0.89	23d	1	1.43mi

HOA detail condo

• Monthly dues: $200 · $2,400/yr
• Likely covers: watertrashcablepoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-06-18
   days on market $99,500 Active 224 DOM
2. 2026-06-17
   days on market $99,500 Active 223 DOM
3. 2026-06-16
   days on market $99,500 Active 222 DOM
4. 2026-06-15
   days on market $99,500 Active 221 DOM
5. 2026-06-13
   days on market $99,500 Active 219 DOM
6. 2026-06-09
   days on market $99,500 Active 215 DOM
7. 2026-06-08
   days on market $99,500 Active 214 DOM
8. 2026-06-07
   days on market $99,500 Active 213 DOM
9. 2026-06-03
   days on market $99,500 Active 209 DOM
10. 2026-06-02
    days on market $99,500 Active 208 DOM
11. 2026-06-01
    days on market $99,500 Active 207 DOM
12. 2026-05-31
    days on market $99,500 Active 206 DOM
13. 2025-12-06
    price $104,000
14. 2025-11-06
    listed $105,000 Active
15. 2018-08-17
    soldstatus $53,000
16. 2018-08-14
    soldstatus $52,900 Sold 598-char remark

    Show marketing remark (598 chars)

    Absolutely lovely condo within walking distance to food and shopping! There is carpet throughout the living and bedroom area with tile in the kitchen and bathroom. This bottom floor unit has a fireplace perfect for warming the place up on winter nights and a pool to cool off during the summer days. Your wallet will thank you as this condo is very energy efficient! This unit also includes a cute patio area and one covered parking space. The Hoa offers so much from the gated entrance, water, trash, roof, siding, fencing, ground and pool maintenance, to basic cable. Schedule your showing today!

17. 2018-07-12
    status Pending 598-char remark

    Show marketing remark (598 chars)

    Absolutely lovely condo within walking distance to food and shopping! There is carpet throughout the living and bedroom area with tile in the kitchen and bathroom. This bottom floor unit has a fireplace perfect for warming the place up on winter nights and a pool to cool off during the summer days. Your wallet will thank you as this condo is very energy efficient! This unit also includes a cute patio area and one covered parking space. The Hoa offers so much from the gated entrance, water, trash, roof, siding, fencing, ground and pool maintenance, to basic cable. Schedule your showing today!

18. 2018-07-09
    status Active 598-char remark

    Show marketing remark (598 chars)

    Absolutely lovely condo within walking distance to food and shopping! There is carpet throughout the living and bedroom area with tile in the kitchen and bathroom. This bottom floor unit has a fireplace perfect for warming the place up on winter nights and a pool to cool off during the summer days. Your wallet will thank you as this condo is very energy efficient! This unit also includes a cute patio area and one covered parking space. The Hoa offers so much from the gated entrance, water, trash, roof, siding, fencing, ground and pool maintenance, to basic cable. Schedule your showing today!

19. 2018-06-30
    status Pending 598-char remark

    Show marketing remark (598 chars)

    Absolutely lovely condo within walking distance to food and shopping! There is carpet throughout the living and bedroom area with tile in the kitchen and bathroom. This bottom floor unit has a fireplace perfect for warming the place up on winter nights and a pool to cool off during the summer days. Your wallet will thank you as this condo is very energy efficient! This unit also includes a cute patio area and one covered parking space. The Hoa offers so much from the gated entrance, water, trash, roof, siding, fencing, ground and pool maintenance, to basic cable. Schedule your showing today!

20. 2018-06-28
    status Active 598-char remark

    Show marketing remark (598 chars)

    Absolutely lovely condo within walking distance to food and shopping! There is carpet throughout the living and bedroom area with tile in the kitchen and bathroom. This bottom floor unit has a fireplace perfect for warming the place up on winter nights and a pool to cool off during the summer days. Your wallet will thank you as this condo is very energy efficient! This unit also includes a cute patio area and one covered parking space. The Hoa offers so much from the gated entrance, water, trash, roof, siding, fencing, ground and pool maintenance, to basic cable. Schedule your showing today!

21. 2018-06-17
    status Pending 598-char remark

    Show marketing remark (598 chars)

    Absolutely lovely condo within walking distance to food and shopping! There is carpet throughout the living and bedroom area with tile in the kitchen and bathroom. This bottom floor unit has a fireplace perfect for warming the place up on winter nights and a pool to cool off during the summer days. Your wallet will thank you as this condo is very energy efficient! This unit also includes a cute patio area and one covered parking space. The Hoa offers so much from the gated entrance, water, trash, roof, siding, fencing, ground and pool maintenance, to basic cable. Schedule your showing today!

22. 2018-06-13
    listed $55,000 Active 598-char remark

    Show marketing remark (598 chars)

    Absolutely lovely condo within walking distance to food and shopping! There is carpet throughout the living and bedroom area with tile in the kitchen and bathroom. This bottom floor unit has a fireplace perfect for warming the place up on winter nights and a pool to cool off during the summer days. Your wallet will thank you as this condo is very energy efficient! This unit also includes a cute patio area and one covered parking space. The Hoa offers so much from the gated entrance, water, trash, roof, siding, fencing, ground and pool maintenance, to basic cable. Schedule your showing today!

23. 2013-04-24
    historical
24. 2012-10-12
    listed $49,900
25. 2012-01-08
    historical
26. 2011-08-24
    listed $51,000
27. 2011-05-05
    soldstatus $49,500
28. 2011-05-02
    soldstatus $49,500
29. 2010-05-12
    listed $49,500
30. 1991-11-07
    soldstatus $16,000

ⓘ 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: $870 · $72/mo
• Projected year-2 tax: $895 · $75/mo
• Expected delta: +$26/yr (+$2/mo · 3.0%)

ⓘ 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 6/10 Major 7 d/yr ≥108°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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,722
• − Mortgage interest: −$5,574
• − Property taxes: −$870
• − Insurance: −$498
• − Repairs & maintenance: −$1,098
• − Management: −$1,098
• − HOA: −$2,400
• − Depreciation: −$2,895
• Taxable loss: −$709
• Est. tax savings @ 24.0%: +$170
• After-tax cash flow: $982/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: Edmond
• NCES district ID: 4010590
• Math proficiency: 38% ▼ -12.00%
• Reading proficiency: 40% ▼ -12.00%
• Median HH income: $73,212
• Composite: 35.88/100
• National rank: #4814
• State rank: #11 of 270 in OK

Livability — Oklahoma City

• Score: 80/100
• State rank: #3
• US rank: #1635

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oklahoma City, OK
• County: Oklahoma County · 771,644 people
• City population: 498,656
• Metro: Oklahoma City, OK
• Population (ZIP): 7,522
• Household income: $66,307
• Rent vs Own: 86.4% rent · 13.6% own
• Severe rent burden: 934.0

Population outlook (Oklahoma County) Hauer SSP2

• Today (2025): 911,875 people
• By 2030: 982,413 · +7.7%
• By 2040: 1,130,468 · +24.0%
• By 2050: 1,288,422 · +41.3%
• By 2075: 1,711,482 · +87.7%
• By 2100: 2,088,448 · +129.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 49% Black 20% Hispanic / Latino 14% Two or more races 8% Asian 7% Native American 4%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Iranian 2% Italian 2% Lithuanian 1%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 86% English-only · Spanish 7% Other Indo-European 2% Vietnamese 2%

Political lean MEDSL · Oklahoma

• 2024 margin: Toss-up / Even · D 48.0% · R 49.7% · Other 2.3%
• 2008→2024 swing: +15.1pp toward D · 2008: -16.8pp · 2024: -1.7pp
• All cycles: 2024: R+1.7 2020: R+1.1 2016: R+10.5 2012: R+16.7 2008: R+16.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.71%
• Current HPI: 219.5373
• Rent YoY: ▲ 5.21%
• 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

+550.0% since first listed

18 events — show timeline

• 2025-12-06 Price Changed $104,000 MLSOK
• 2025-11-06 Listed $105,000 MLSOK
• 2018-08-17 Sold (Public Records) $53,000 Public Records
• 2018-08-14 Sold (MLS) $52,900 MLSOK
• 2018-07-12 Pending — MLSOK
• 2018-07-09 Relisted — MLSOK
• 2018-06-30 Pending — MLSOK
• 2018-06-28 Relisted — MLSOK
• 2018-06-17 Pending — MLSOK
• 2018-06-13 Listed $55,000 MLSOK
• 2013-04-24 Listing Removed — MLSOK
• 2012-10-12 Listed $49,900 MLSOK
• 2012-01-08 Listing Removed — MLSOK
• 2011-08-24 Listed $51,000 MLSOK
• 2011-05-05 Sold (Public Records) $49,500 Public Records
• 2011-05-02 Sold (MLS) $49,500 MLSOK
• 2010-05-12 Listed $49,500 MLSOK
• 1991-11-07 Sold (Public Records) $16,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $870 · +5.3% YoY. Source: county tax records.