12901 Florence Ln · Oklahoma City, OK 73099

$214,900

3 bd · 2.0 ba · 1,248 sqft · SingleFamily · 1 Days on market

Built 2026 Good condition 5,001 sqft lot Est $206k · at est. $21/mo HOA · 1% of rent

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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).

• Cash flow +11.4/30.0
• ARV discount +5.5/15.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• 1% rule +3.4/10.0
• DSCR +3.3/10.0
• Rent growth +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks

The COOPER floor plan is a single-story home that optimizes space and prioritizes ease of living. An open-concept design includes the family room and a versatile kitchen/ dining area for everyday multitasking. An attached patio provides outdoor space. Nearby is the cozy owner’s suite with a private bathroom and spacious walk-in closet, while two bedrooms are located at the opposite end of the home. Prices, dimensions and features may vary and are subject to change. Photos are for illustrative purposes only. Home is currently under construction with anticipated completion in July.

Key facts

• Open-concept design
• Private bathroom
• Attached patio

Tags

• OPEN-CONCEPT DESIGN
• ATTACHED PATIO
• PRIVATE BATHROOM
• SPACIOUS WALK-IN CLOSET

Property features AI

Finance

• Financial info: List price $221,900

Exterior

• Parking: 2 parking spaces (including 2-car garage)
• Home design: Spec new-construction, plan name Rc Cooper

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Living area approximately 1,248

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-75 ($-899/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (5.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (15.7% below list).
• Recommended offer: $181k (15.7% below list) — sets the bar for 1% rule.
• Cap rate 5.9% 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: schools F, crime F.
• Piedmont (rural): math 37% / reading 39% proficiency, ranked #9 of 270 in OK (top 3%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.2%/yr); 1560 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 260 units permitted in Canadian County in 2024 (0 in 5+ unit buildings).

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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $181,163 (15.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.84% ✗
• Cap rate: 5.87%
• Cash-on-cash: -1.49%
• DSCR: 0.93
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $205,920
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12921 Florence Ln	0.00mi	3/2.0	1,248 (0%)	1mo	$203,500	$163	99
12853 Torretta Way	0.07mi	3/2.0	1,248 (0%)	1mo	$211,600	$170	96
12829 Torretta Way	0.07mi	3/2.0	1,248 (0%)	1mo	$210,838	$169	96
12817 Torretta Way	0.07mi	3/2.0	1,248 (0%)	1mo	$212,000	$170	96
12824 Torretta Way	0.10mi	3/2.0	1,248 (0%)	1mo	$211,600	$170	95
12912 Florence Ln	0.00mi	3/2.0	1,373 (+10%)	1mo	$221,388	$161	83
12933 Florence Ln	0.00mi	3/2.0	1,373 (+10%)	1mo	$226,350	$165	82
12924 Florence Ln	0.00mi	3/2.0	1,373 (+10%)	2mo	$219,300	$160	82
12837 Torretta Way	0.07mi	3/2.0	1,373 (+10%)	1mo	$217,988	$159	80
12849 Torretta Way	0.07mi	3/2.0	1,373 (+10%)	1mo	$218,750	$159	79
12916 Florence Ln	0.00mi	3/2.0	1,402 (+12%)	1mo	$226,000	$161	78
12820 Torretta Way	0.10mi	3/2.0	1,373 (+10%)	2mo	$226,850	$165	78

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 · 1.19% rent growth · sell at horizon

5-year hold

• IRR: -20.8%
• Equity multiple: 0.29×
• Total profit: $-42,797
• Equity at exit: $32,042

10-year hold

• IRR: -18.9%
• Equity multiple: 0.07×
• Total profit: $-56,073
• Equity at exit: $18,581

Cash invested: $60,172 (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 73099

• Rents YoY: 1.2%
• Active inventory: 1560
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,812 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,224/yr
• Insurance: −$90
• HOA: −$21
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $-75

Break-even live

Break-even rent $1,906

Max offer price $204,056

Occupancy floor 99%

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12845 Torretta Way Yukon, OK	4.0	2.0	1459	$1,745	$1.20	11d	1	0.07mi
12845 Torretta Way Yukon, OK	4.0	2.0	1459	$1,745	$1.20	16d	1	0.07mi
12816 Torretta Way Yukon, OK	4.0	2.0	1459	$1,730	$1.19	4d	1	0.09mi
9109 NW 127th St Oklahoma City, OK	3.0	2.0	1400	$1,845	$1.32	21d	1	0.33mi
9109 NW 127th St Oklahoma City, OK	3.0	2.0	1400	$1,845	$1.32	23d	1	0.33mi
9017 NW 127th St Oklahoma City, OK	3.0	2.0	1200	$1,695	$1.41	23d	1	0.38mi
12008 Brinley Reign Dr Yukon, OK	3.0	2.0	1382	$1,850	$1.34	23d	1	0.58mi
11628 Annette Dr Yukon, OK	3.0	2.0	1248	$1,555	$1.25	23d	1	0.64mi
11625 Krew Way Yukon, OK	4.0	2.0	1459	$1,595	$1.09	4d	1	0.64mi
11620 Krew Way Yukon, OK	4.0	2.0	1459	$1,725	$1.18	1d	1	0.65mi
11709 Jude Way Yukon, OK	4.0	2.0	1459	$1,661	$1.14	23d	1	0.69mi
11608 Mackenzie Way Yukon, OK	3.0	2.5	1259	$1,545	$1.23	14d	1	0.79mi
11608 Mackenzie Way Yukon, OK	3.0	2.5	1259	$1,495	$1.19	10d	1	0.79mi
11606 Mackenzie Way Yukon, OK	3.0	2.0	1215	$2,850	$2.35	23d	1	0.79mi
11505 Mackenzie Way Yukon, OK	3.0	2.0	1200	$1,495	$1.25	19d	1	0.80mi
8922 NW 109th Ter Oklahoma City, OK	3.0	2.5	1412	$1,600	$1.13	23d	1	1.25mi
24 Redstone Blvd Oklahoma City, OK	2.0	1.0–2.0	857	$1,950	$2.27	1d	11	1.36mi
8341 NW 137th St Oklahoma City, OK	3.0	2.0	1420	$1,895	$1.33	23d	1	1.45mi

HOA detail

• Monthly dues: $21 · $252/yr

Listing history 6 events

1. 2026-06-19
   price $214,900 Active 1 DOM
2. 2026-06-18
   remarks 586-char remark
3. 2026-06-18
   days on marketlisting id $221,900 Active 1 DOM
4. 2026-06-18
   days on market $221,900 Active 2 DOM
5. 2026-06-16
   remarks 405-char remark
6. 2026-06-16
   listed $221,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $21,740
• − Mortgage interest: −$12,038
• − Property taxes: −$3,224
• − Insurance: −$1,074
• − Repairs & maintenance: −$1,739
• − Management: −$1,739
• − HOA: −$252
• − Depreciation: −$6,252
• Taxable loss: −$4,578
• Est. tax savings @ 24.0%: +$1,099
• After-tax cash flow: $199/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This single-story home is in excellent condition with modern finishes and a good layout. It is currently under construction and will be move-in ready by July. The property has a good resale and rental value with minor updates that could further enhance its appeal.

Value-add opportunities

• Resale Painting exterior brick facade — Enhances curb appeal
• Resale Upgrading kitchen appliances — Modernizes the space
• Both Adding smart home features — Improves convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting exterior brick facade — Enhances curb appeal ↑
• Resale Upgrading kitchen appliances — Modernizes the space ↑
• Both Adding smart home features — Improves convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Piedmont
• NCES district ID: 4023970
• Math proficiency: 37% ▼ -15.00%
• Reading proficiency: 39% ▼ -9.00%
• Median HH income: $83,943
• Composite: 36.08/100
• National rank: #4762
• State rank: #9 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: Canadian County · 154,341 people
• City population: 498,656
• Metro: Oklahoma City, OK
• Population (ZIP): 91,014
• Household income: $88,030
• Rent vs Own: 26.1% rent · 73.9% own
• Severe rent burden: 1838.0

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 (73%)
• Race & ethnicity: White 73% Two or more races 11% Hispanic / Latino 10% Black 3% Asian 3% Native American 3%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Italian 2% Slovak 1% Portuguese 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 5% Vietnamese 2% Other Asian/Pacific 1%

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: ▼ -206.04%
• Current HPI: 244.6836
• Rent YoY: ▲ 1.19%
• 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