3515 Sheridan Rd · Bartlesville, OK 74006

$179,900

3 bd · 2.0 ba · 1,346 sqft · SingleFamily public records · 14 Days on market

Built 1959 0.28 ac lot Est $166k · 9% over

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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 +14.8/30.0
• DSCR +4.5/10.0
• ARV discount +3.6/15.0
• Livability +3.2/5.0
• 1% rule +3.1/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW CARPET! KITCHEN & DINING ROOM HAS FRESH PAINT!! Tucked into mature trees - 3 bdrm, 1.5 bath home. Den/Family room w/ vaulted ceiling, fireplace & french door to patio. Picture window in dining/2nd living overlooks backyard. Stackable W/ D in master bath can be converted back to shower.

Key facts

• Covered front porch
• Corian countertops
• Gas log fireplace

Tags

• COVERED FRONT PORCH
• TWO INVITING LIVING AREAS
• GAS LOG FIREPLACE
• UPDATED VINYL WINDOWS
• CORIAN COUNTERTOPS
• PULL-OUT PANTRY DRAWERS

Property features AI

Finance

• HOA & community: Sidewalks; Gutters (community feature listed)

Exterior

• Parking: Attached garage with 2 spaces; Asphalt driveway; Garage shelving
• Security: Smoke detector(s); No safety shelter
• Utilities: Electricity available; Natural gas available; Public water; Public sewer
• Home design: Single-story home; Faces north; Slab foundation
• Construction: Brick and wood frame construction; Asphalt fiberglass roof; Built per public records
• Exterior features: Covered patio and porch; Rain gutters; Full chain link fencing; Mature trees

Interior

• Kitchen: Cooktop; Oven; Range; Microwave; Dishwasher; Disposal; Pantry; Breakfast nook
• Bedrooms: Master bedroom with private bath and walk-in closet (First level); Two additional bedrooms (First level)
• Flooring: Carpet; Tile
• Bathrooms: One full bathroom (hall/full); One half bathroom; Master bath (includes half bath description present)
• Fireplace: One fireplace — wood burning with gas log option
• Appliances: Refrigerator; Washer; Dryer
• Heating & cooling: Central heating (gas); Central air conditioning
• Interior features: Solid surface counters; Ceiling fan(s); Insulated doors; Vinyl insulated windows; Electric oven/range connection
• Laundry & utility: Washer hookup; Electric dryer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $49 ($584/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 $146k (18.6% below list).
• Recommended offer: $146k (18.6% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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: 231 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 46 units permitted in Washington 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 $5k of value loss. Plan a longer hold.
• Washington County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 8y 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 $92k; list at $180k implies a 96% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,394 (18.6% below list)

Questions for the listing agent

1. Built in 1959 — 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: 0.81% ✗
• Cap rate: 6.62%
• Cash-on-cash: 1.16%
• DSCR: 1.05
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $165,558
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4005 Woodville Rd	0.33mi	3/2.0	1,378 (+2%)	10mo	$169,500	$123	72
1532 Smysor Dr	0.17mi	3/2.0	1,224 (-9%)	16mo	$132,000	$108	64
1625 Sheridan Rd	0.49mi	3/2.0	1,343 (-0%)	17mo	$127,700	$95	62
3240 Jefferson Ct	0.64mi	3/2.0	1,427 (+6%)	0mo	$165,000	$116	60
4018 Morgan Ave	0.66mi	3/1.5	1,400 (+4%)	1mo	$188,500	$135	59
1401 SE Greystone Ave E	0.54mi	3/1.5	1,426 (+6%)	6mo	$142,500	$100	58
2138 Jefferson Rd	0.63mi	3/2.0	1,446 (+7%)	6mo	$180,000	$124	53
3214 Wayside Dr	0.71mi	3/2.0	1,287 (-4%)	12mo	$173,000	$134	50
1320 Hillsdale Dr	0.50mi	3/2.0	1,511 (+12%)	11mo	$165,000	$109	47
2170 Jefferson Rd	0.69mi	3/2.0	1,457 (+8%)	19mo	$182,500	$125	38
3807 Wayside Dr	0.75mi	4/2.0 (+1)	1,431 (+6%)	20mo	$164,900	$115	33
2909 SE Loris Ln	0.73mi	3/2.0	1,539 (+14%)	16mo	$255,000	$166	29

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.48×
• Total profit: $-26,115
• Equity at exit: $26,824

10-year hold

• IRR: -5.8%
• Equity multiple: 0.62×
• Total profit: $-19,000
• Equity at exit: $15,554

Cash invested: $50,372 (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 74006

• Home prices YoY: -33.2%
• Active inventory: 231
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,464 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$90 /mo · $1,074/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $49

Break-even live

Break-even rent $1,402

Max offer price $179,900

Occupancy floor 92%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4007 Morgan Ave Bartlesville, OK	2.0	1.0	1232	$1,295	$1.05	21d	1	0.69mi
4715 SE Adams Blvd Unit 905D Bartlesville, OK	2.0	2.0	953	$900	$0.94	12d	1	1.20mi

Listing history 20 events

1. 2026-06-12
   statusdays on market $179,900 Pending 14 DOM
2. 2026-06-09
   days on market $179,900 Active 12 DOM
3. 2026-06-08
   days on market $179,900 Active 11 DOM
4. 2026-06-07
   days on market $179,900 Active 10 DOM
5. 2026-06-05
   days on market $179,900 Active 7 DOM
6. 2026-06-03
   days on market $179,900 Active 6 DOM
7. 2026-06-02
   days on market $179,900 Active 5 DOM
8. 2026-06-01
   days on market $179,900 Active 4 DOM
9. 2026-05-31
   days on market $179,900 Active 3 DOM
10. 2026-05-30
    days on market $179,900 Active 2 DOM
11. 2026-05-21
    listed $179,900 Active
12. 2019-03-20
    soldstatus $92,000
13. 2019-03-19
    soldstatus $92,000 Closed 303-char remark

    Show marketing remark (303 chars)

    NEW CARPET! KITCHEN & DINING ROOM HAS FRESH PAINT!! Tucked into mature trees - 3 bdrm, 1.5 bath home. Den/Family room w/ vaulted ceiling, fireplace & french door to patio. Picture window in dining/2nd living overlooks backyard. Stackable W/ D in master bath can be converted back to shower.

14. 2019-02-15
    status Pending 303-char remark

    Show marketing remark (303 chars)

    NEW CARPET! KITCHEN & DINING ROOM HAS FRESH PAINT!! Tucked into mature trees - 3 bdrm, 1.5 bath home. Den/Family room w/ vaulted ceiling, fireplace & french door to patio. Picture window in dining/2nd living overlooks backyard. Stackable W/ D in master bath can be converted back to shower.

15. 2019-02-11
    price $87,000 303-char remark

    Show marketing remark (303 chars)

    NEW CARPET! KITCHEN & DINING ROOM HAS FRESH PAINT!! Tucked into mature trees - 3 bdrm, 1.5 bath home. Den/Family room w/ vaulted ceiling, fireplace & french door to patio. Picture window in dining/2nd living overlooks backyard. Stackable W/ D in master bath can be converted back to shower.

16. 2018-11-13
    price $100,000 303-char remark

    Show marketing remark (303 chars)

    NEW CARPET! KITCHEN & DINING ROOM HAS FRESH PAINT!! Tucked into mature trees - 3 bdrm, 1.5 bath home. Den/Family room w/ vaulted ceiling, fireplace & french door to patio. Picture window in dining/2nd living overlooks backyard. Stackable W/ D in master bath can be converted back to shower.

17. 2018-08-20
    listed $110,000 Active 303-char remark

    Show marketing remark (303 chars)

    NEW CARPET! KITCHEN & DINING ROOM HAS FRESH PAINT!! Tucked into mature trees - 3 bdrm, 1.5 bath home. Den/Family room w/ vaulted ceiling, fireplace & french door to patio. Picture window in dining/2nd living overlooks backyard. Stackable W/ D in master bath can be converted back to shower.

18. 2018-08-19
    historical
19. 2018-07-27
    price $110,000
20. 2018-02-19
    listed $115,000 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: $1,074 · $90/mo
• Projected year-2 tax: $1,619 · $135/mo
• Expected delta: +$545/yr (+$45/mo · 50.8%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥113°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,567
• − Mortgage interest: −$10,077
• − Property taxes: −$1,074
• − Insurance: −$900
• − Repairs & maintenance: −$1,405
• − Management: −$1,405
• − Depreciation: −$5,233
• Taxable loss: −$2,528
• Est. tax savings @ 24.0%: +$607
• After-tax cash flow: $1,190/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): 27,911
• Household income: $71,796
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 563.0

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 (74%)
• Race & ethnicity: White 74% Two or more races 9% Native American 7% Hispanic / Latino 6% Asian 3% Black 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 3% Slovak 2% Serbian 2%
• Foreign-born: 5% · Canada, China, Vietnam
• Languages at home: 93% English-only · Spanish 4% Vietnamese 1% Chinese 1%

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: ▼ -118.35%
• Current HPI: 237.9056
• 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

+56.4% since first listed

10 events — show timeline

• 2026-05-21 Listed $179,900 MLS Technology, Inc.
• 2019-03-20 Sold (Public Records) $92,000 Public Records
• 2019-03-19 Sold (MLS) $92,000 MLS Technology, Inc.
• 2019-02-15 Pending — MLS Technology, Inc.
• 2019-02-11 Price Changed $87,000 MLS Technology, Inc.
• 2018-11-13 Price Changed $100,000 MLS Technology, Inc.
• 2018-08-20 Listed $110,000 MLS Technology, Inc.
• 2018-08-19 Listing Removed — MLS Technology, Inc.
• 2018-07-27 Price Changed $110,000 MLS Technology, Inc.
• 2018-02-19 Listed $115,000 MLS Technology, Inc.

Property tax history

-0.6%/yr

Latest (2025): $1,074 · -8.5% YoY. Source: county tax records.