308 E Key Blvd · Midwest City, OK 73110

$75,000

2 bd · 1.0 ba · 900 sqft · SingleFamily public records · 1 Days on market

Built 1951 8,398 sqft lot Est $127k · 41% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Livability +3.6/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

TOP! EXPENSIVE DOUBLE-PANE WINDOWS! STORM CELLAR! TWO CAR DRIVEWAY! TWO STORAGE BUILDINGS! CUTE HOME FOR THE MONEY! CLOSE TO ELEMENTARY SCHOOL! PRICE REDUCED! PRICE REDUCED! PRICE REDUCED! PRICE REDUCED! PRICE REDUCED! PRICE REDUCED! PRICE REDUCED! PRICE REDUCED!!!!!!!

Key facts

• 8,398 sq ft lot
• Built 1951

Property features AI

Finance

• Other: Interior lot
• Financial info: Assumable financing available; Property may qualify for loan
• HOA & community: No mandatory association dues

Exterior

• Home design: Single family residence; One story; North East facing; Residential property
• Construction: Frame construction; Composition roof; Combination foundation; Built (existing)
• Exterior features: Open patio; Exterior storage

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Interior features: One living area; No fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $395 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 12.6% vs local median 5.6% in Midwest 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 71/100 on livability (#30 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime D+, employment D, amenities F.
• Midwest City-Del City (suburban): math 10% / reading 17% proficiency, ranked #231 of 270 in OK (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Midwest City Es (math 13% / reading 13%, grade F, #647 of 845 statewide, top 77%, 793 students, 0% FRL); Midwest City Hs (math 7% / reading 17%, grade F, #359 of 447 statewide, top 80%, 1,368 students, 0% FRL) — zoned schools average 0% FRL vs 57% district-wide (57 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.0%/yr); 171 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 5,365 units permitted in Oklahoma County in 2024 (569 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Oklahoma County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 27y 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.
• Current owner paid $46k; list at $75k implies a 63% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1951 — 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. 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.
6. 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.
7. 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: 1.49% ✓
• Cap rate: 12.61%
• Cash-on-cash: 22.56%
• DSCR: 2.00
• GRM: 5.6

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
517 E Kerr Dr	0.23mi	3/1.0 (+1)	925 (+3%)	1mo	$140,000	$151	79
404 E Jarman Dr	0.12mi	2/1.0	972 (+8%)	6mo	$60,000	$62	76
2113 Turner Dr	0.24mi	2/1.0	960 (+7%)	4mo	$65,000	$68	74
717 S Midwest Blvd	0.27mi	3/1.0 (+1)	868 (-4%)	4mo	$121,500	$140	73
2420 Murray Dr	0.35mi	3/1.0 (+1)	975 (+8%)	8mo	$137,500	$141	58
411 Showalter Dr	0.59mi	3/1.5 (+1)	925 (+3%)	4mo	$62,000	$67	58
837 S Stahl Dr	0.54mi	3/1.0 (+1)	975 (+8%)	1mo	$141,000	$145	55
210 E Myrtle Dr	0.68mi	2/2.0	884 (-2%)	8mo	$91,500	$104	55
1407 E Lockheed Ct	0.63mi	2/1.0	816 (-9%)	2mo	$138,500	$170	53
116 W Jarman Dr	0.43mi	3/1.0 (+1)	1,004 (+12%)	3mo	$145,000	$144	53
544 E Northrup Dr	0.71mi	2/1.0	835 (-7%)	5mo	$142,000	$170	51
109 E Northrup Dr	0.73mi	3/2.0 (+1)	950 (+6%)	6mo	$100,000	$105	43

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 · 2.99% rent growth · sell at horizon

5-year hold

• IRR: 15.4%
• Equity multiple: 1.62×
• Total profit: $12,974
• Equity at exit: $11,183

10-year hold

• IRR: 24.0%
• Equity multiple: 3.08×
• Total profit: $43,611
• Equity at exit: $6,485

Cash invested: $21,000 (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 73110

• Rents YoY: 3.0%
• Active inventory: 171
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,114 high
• Mortgage (P&I): −$393
• Tax from tax record: −$61 /mo · $727/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $395

Break-even live

Break-even rent $614

Max offer price $75,000

Occupancy floor 60%

Sensitivity live

Price	-10% $437	-5% $416	+0% $395	+5% $374	+10% $352
Rent	-10% $307	-5% $351	+0% $395	+5% $439	+10% $483
Rate	-1.0pp $433	-0.5pp $414	base $395	+0.5pp $375	+1.0pp $356

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
322 E Kerr Dr Oklahoma City, OK	3.0	1.0	1086	$1,200	$1.10	24d	1	0.06mi
2212 Felix Pl Midwest City, OK	1.0	1.0	650	$645	$0.99	24d	1	0.26mi
609 E Steed Dr Oklahoma City, OK	2.0	1.0	811	$1,800	$2.22	24d	1	0.38mi
2105 Maple Dr Midwest City, OK	3.0	2.0	1032	$1,295	$1.25	24d	1	0.41mi
641 E Frolich Dr Oklahoma City, OK	3.0	1.5	1032	$975	$0.94	24d	1	0.43mi
312 Bolton Pl Oklahoma City, OK	3.0	1.5	756	$1,099	$1.45	24d	1	0.43mi
121 Gill Dr Oklahoma City, OK	3.0	1.0	950	$1,150	$1.21	2d	1	0.47mi
204 Elm St Oklahoma City, OK	3.0	2.0	1098	$1,250	$1.14	24d	1	0.51mi
721 E Bouse Dr Oklahoma City, OK	3.0	1.0	1002	$1,225	$1.22	3d	1	0.53mi
764 E Rose Dr Oklahoma City, OK	3.0	1.0	920	$1,025	$1.11	3d	1	0.53mi
8032 E Reno Ave Oklahoma City, OK	1.0–2.0	1.0	770	$850	$1.10	3d	3	0.53mi
7122 SE 15th St Oklahoma City, OK	2.0	1.0	816	$1,100	$1.35	5d	1	0.68mi
413 E Northrup Dr Oklahoma City, OK	3.0	1.0	800	$1,395	$1.74	3d	1	0.68mi
422 E Northrup Dr Oklahoma City, OK	3.0	1.0	819	$1,395	$1.70	2d	1	0.71mi
536 E Northrup Dr Oklahoma City, OK	2.0	1.0	858	$889	$1.04	3d	1	0.73mi
327 N Midwest Blvd Unit 205 Midwest City, OK	2.0	1.0	920	$900	$0.98	24d	1	0.80mi
901 N Key Blvd Oklahoma City, OK	1.0	1.0	620	$600	$0.97	15d	1	0.84mi
305 Babb Dr Oklahoma City, OK	1.0	1.0	625	$825	$1.32	5d	1	0.85mi
417 Babb Dr Midwest City, OK	1.0	1.0	640	$700	$1.09	12d	1	0.86mi
442 Babb Dr Oklahoma City, OK	2.0	2.0	920	$925	$1.01	5d	1	0.87mi
444 1/2 Babb Dr Oklahoma City, OK	2.0	1.0	920	$895	$0.97	5d	1	0.88mi
810 N Marshall Dr Midwest City, OK	1.0	1.0	686	$875	$1.28	21d	1	0.89mi
2904 Treight Creek Ln Midwest City, OK	2.0	2.0	984	$1,495	$1.52	2d	2	0.91mi
313 W Peach St Oklahoma City, OK	2.0	1.0	724	$975	$1.35	17d	1	0.93mi
317 W Peach St Oklahoma City, OK	2.0	1.0	878	$1,045	$1.19	3d	1	0.95mi
705 N key Blvd Midwest City, OK	1.0	1.0	700	$795	$1.14	24d	1	0.95mi
314 W Peach St Midwest City, OK	2.0	1.0	736	$950	$1.29	24d	1	0.96mi
616 Lions Park Pl Oklahoma City, OK	2.0	1.0	906	$950	$1.05	3d	1	0.96mi
8517 E Reno Ave Oklahoma City, OK	1.0–2.0	1.0–2.0	837	$859	$1.03	5d	1	0.97mi
1111 Jet Dr Oklahoma City, OK	3.0	1.0	1067	$1,095	$1.03	5d	1	1.05mi
1111 Jet Dr Oklahoma City, OK	3.0	1.0	1067	$1,095	$1.03	22d	1	1.05mi
538 E Indian Dr Oklahoma City, OK	2.0	1.0	739	$920	$1.24	22d	1	1.05mi
6608 SE 15th St Oklahoma City, OK	3.0	2.0	1103	$1,425	$1.29	22d	1	1.12mi
8717 Saint George Way Oklahoma City, OK	2.0	2.0	1075	$1,150	$1.07	24d	1	1.14mi
3409 Willow Creek Dr Oklahoma City, OK	3.0	1.0	932	$1,050	$1.13	24d	1	1.14mi
3413 Willow Creek Dr Oklahoma City, OK	3.0	1.0	872	$975	$1.12	3d	1	1.15mi
421 N Key Blvd Oklahoma City, OK	2.0	1.0	780	$900	$1.15	24d	1	1.17mi
215 W McArthur Dr Oklahoma City, OK	2.0	1.0–2.0	795	$1,122	$1.41	3d	5	1.22mi
2220 S Air Depot Blvd Oklahoma City, OK	3.0	1.0	1020	$1,395	$1.37	24d	1	1.22mi
8801 Saint George Way Oklahoma City, OK	3.0	2.0	1122	$1,175	$1.05	24d	1	1.24mi

Listing history 2 events

1. 2026-06-13
   remarks 19-char remark
2. 2026-06-13
   listed $75,000 Pending 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: $727 · $61/mo
• Projected year-2 tax: $727 · $61/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 · 18 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,365
• − Mortgage interest: −$4,201
• − Property taxes: −$727
• − Insurance: −$375
• − Repairs & maintenance: −$1,069
• − Management: −$1,069
• − Depreciation: −$2,182
• Taxable income: $3,742
• Est. tax owed @ 24.0%: −$898
• After-tax cash flow: $3,839/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: Midwest City-Del City
• NCES district ID: 4019950
• Math proficiency: 10% ▼ -11.00%
• Reading proficiency: 17% ▼ -8.00%
• Median HH income: $45,724
• Composite: 12.09/100
• National rank: #9658
• State rank: #231 of 270 in OK

Livability — Midwest City

• Score: 71/100
• State rank: #30
• US rank: #6637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midwest City, OK
• County: Oklahoma County · 771,644 people
• City population: 57,386
• Metro: Oklahoma City, OK
• Population (ZIP): 32,348
• Household income: $51,228
• Rent vs Own: 54.9% rent · 45.1% own
• Severe rent burden: 1440.0

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 0.63)
• Race & ethnicity: White 55% Black 25% Two or more races 11% Hispanic / Latino 7% Native American 4% Asian 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 2% Slovak 1% Serbian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -156.25%
• Current HPI: 257.0791
• Rent YoY: ▲ 2.99%
• 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

+19.0% since first listed

5 events — show timeline

• 2026-06-11 Pending — MLSOK
• 2026-06-09 Listed $75,000 MLSOK
• 2000-11-29 Sold (MLS) $46,000 MLSOK
• 1999-11-19 Listed $45,000 MLSOK
• 1999-08-03 Sold (Public Records) $63,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $727 · +1.1% YoY. Source: county tax records.