116 Ramblewood Rd · Bartlesville, OK 74003

$150,000

3 bd · 1.5 ba · 1,350 sqft · SingleFamily public records · 18 Days on market

Built 1964 0.72 ac lot Est $127k · 18% over ↓ 9% since listing

---

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).

• Cash flow +14.3/30.0
• Appreciation +10.0/10.0
• DSCR +4.4/10.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks

This cheery and affordable 3 bed, 2 bath home is move-in ready and waiting for you and your family to call it home. This home features 2 living areas, plus a Florida room. The convenient layout is a comfortable blend of character and modern updates. The primary bedroom provides privacy with an ensuite bathroom. Enjoy the warmth of the fireplace in the den/family room. The property is made up of three parcels, which allows for more space outside to enjoy privacy. New roof to be installed at sellers expense prior to closing. All that’s needed is your personal touch! Let’s make this home yours today!

Key facts

• Florida room
• Three parcels
• Ensuite bathroom

Tags

• FLORIDA ROOM
• ENSUITE BATHROOM
• FIREPLACE
• THREE PARCELS

Property features AI

Finance

• HOA & community: Community gutter(s)

Exterior

• Parking: Attached 2-car garage with storage shelving
• Security: No safety shelter
• Utilities: Electricity available; Natural gas available; Public water; Public sewer; Phone service available
• Home design: Single-story home; Faces west; Slab foundation
• Construction: Brick and wood frame construction; Asphalt/fiberglass roof; Built according to public records
• Exterior features: Concrete driveway; Rain gutters; Patio; Workshop; Mature trees on the lot; Partial chain-link fencing

Interior

• Kitchen: Kitchen with breakfast nook, pantry and country-style layout; Dishwasher; Microwave; Oven; Range/Stove; Disposal; Gas water heater
• Bedrooms: Master bedroom with private bath and separate closets; Two additional bedrooms; Bedrooms located on the first level
• Flooring: Carpet; Laminate; Tile
• Bathrooms: Two full bathrooms; Master bath with shower-only
• Heating & cooling: Central heating (gas); Central air conditioning
• Interior features: Ceiling fans; Laminate counters; Insulated vinyl windows; Other interior features
• Laundry & utility: Inside utility room; Electric and gas dryer hookups

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $28 ($331/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 $120k (20.3% below list).
• Recommended offer: $120k (20.3% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.7% in Bartlesville — 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 64/100 on livability (#175 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, schools D+, crime D+.
• Bartlesville (town): math 30% / reading 29% proficiency, ranked #59 of 270 in OK (top 22%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 137 active listings in the ZIP; 46 units permitted in Washington County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Washington County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $119,595 (20.3% below list)

Questions for the listing agent

1. Built in 1964 — 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 D 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. 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?
6. 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.
7. 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.
8. 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: 0.80% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.79%
• DSCR: 1.04
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $126,900
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
114 Ramblewood	0.01mi	3/2.0	1,414 (+5%)	0mo	$145,000	$103	89
130 Ramblewood Rd	0.10mi	3/2.0	1,468 (+9%)	8mo	$147,500	$100	72
420 NW Lahoma Dr	0.27mi	4/1.0 (+1)	1,417 (+5%)	0mo	$100,400	$71	72
421 NW Oak Park Rd	0.20mi	3/2.0	1,222 (-10%)	2mo	$115,000	$94	71
402 Lahoma	0.32mi	3/1.5	1,233 (-9%)	1mo	$107,500	$87	70
521 Oak Park Rd	0.43mi	3/2.0	1,291 (-4%)	8mo	$115,000	$89	64
518 Carol Rd	0.44mi	3/2.0	1,456 (+8%)	2mo	$86,305	$59	63
504 Highland Dr	0.44mi	3/1.5	1,154 (-14%)	1mo	$60,000	$52	55
507 Highland Dr	0.47mi	3/1.5	1,162 (-14%)	2mo	$83,000	$71	53
521 Lahoma	0.37mi	3/1.0	1,175 (-13%)	7mo	$132,000	$112	53
718 Brentwood Rd	0.30mi	3/2.0	1,550 (+15%)	8mo	$149,000	$96	53
520 Highland Dr	0.52mi	4/1.5 (+1)	1,149 (-15%)	4mo	$135,000	$117	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.8%
• Equity multiple: 2.99×
• Total profit: $83,397
• Equity at exit: $135,132

10-year hold

• IRR: 21.9%
• Equity multiple: 6.81×
• Total profit: $244,097
• Equity at exit: $291,417

Cash invested: $42,000 (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 74003

• Home prices YoY: 5.0%
• Active inventory: 137
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,196 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$68 /mo · $817/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $28

Break-even live

Break-even rent $1,161

Max offer price $150,000

Occupancy floor 93%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-19
   price $150,000
2. 2026-05-08
   listed $165,000 Active

ⓘ 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: $817 · $68/mo
• Projected year-2 tax: $1,350 · $112/mo
• Expected delta: +$533/yr (+$44/mo · 65.2%)

ⓘ 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 7/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥112°F today · 18 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,351
• − Mortgage interest: −$8,402
• − Property taxes: −$817
• − Insurance: −$750
• − Repairs & maintenance: −$1,148
• − Management: −$1,148
• − Depreciation: −$4,364
• Taxable loss: −$2,278
• Est. tax savings @ 24.0%: +$547
• After-tax cash flow: $878/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: Bartlesville
• NCES district ID: 4003630
• Math proficiency: 30% ▼ -13.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $48,889
• Composite: 25.69/100
• National rank: #7389
• State rank: #59 of 270 in OK

Livability — Bartlesville

• Score: 64/100
• State rank: #175
• US rank: #13940

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bartlesville, OK
• County: Washington County · 41,935 people
• City population: 41,935
• Metro: Bartlesville, OK
• Population (ZIP): 14,024
• Household income: $47,168
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 395.0

Population outlook (Washington County) Hauer SSP2

• Today (2025): 54,946 people
• By 2030: 56,249 · +2.4%
• By 2040: 58,867 · +7.1%
• By 2050: 61,600 · +12.1%
• By 2075: 69,355 · +26.2%
• By 2100: 73,067 · +33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Two or more races 14% Hispanic / Latino 7% Native American 7% Black 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Washington

• 2024 margin: Solid R (+47.6) · D 25.0% · R 72.7% · Other 2.4%
• 2008→2024 swing: -3.1pp toward R · 2008: -44.6pp · 2024: -47.6pp
• All cycles: 2024: R+47.6 2020: R+48.0 2016: R+48.5 2012: R+47.8 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 14.78%
• Current HPI: 309.9534
• Rent YoY: —
• Metro: Bartlesville, 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

-9.1% since first listed

2 events — show timeline

• 2026-05-19 Price Changed $150,000 MLS Technology, Inc.
• 2026-05-08 Listed $165,000 MLS Technology, Inc.

Property tax history

+1.3%/yr

Latest (2025): $817 · +0.2% YoY. Source: county tax records.