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MarketsOklahomaEnid

Cap Rate Analysis: Enid, OK

Investment metrics, interactive calculators, and data-driven analysis for Enid rental properties.

Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026

Strong investment fundamentals
Based on $140,000 median price and $1,120/mo median rent
Est. Cap Rate
7.36%
1% Rule
0.80%
Fails
GRM
10.4x
Price / Income
2.5x

Market Data

Median Home Price$140,000
Median Monthly Rent$1,120
Property Tax Rate0.88%
Population50,000
Population Growth0.9% / yr
Median Household Income$56,350
Vacancy Rate5.8%
Annual Appreciation2.5%

Cap Rate Calculator — Enid

Pre-filled with Enid medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.88% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
6.03%Moderate
Net Operating Income ÷ Purchase Price
NOI / Year
$8,436
net operating income
Gross Rent Multiplier
10.4x
Good (<15)
1% Rule
0.80%
✗ Fails
Monthly Cash Flow
$703
before debt service
Annual Breakdown
Gross Rental Income$13,440
Less Vacancy−$780
Effective Income$12,660
Less Operating Expenses−$4,224
Net Operating Income$8,436
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Cash-on-Cash Return — Enid

Factor in financing to see your actual return on invested capital in Enid.

$
$35,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-1.06%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$39,200
$35,000 down + $4,200 closing
Monthly Mortgage
$685
on $105K loan
Monthly Cash Flow
$-35
after all expenses
Annual Cash Flow
$-414
before taxes
Cash Flow Breakdown
Monthly Rent$1,120
Less Expenses−$470
Less Mortgage−$685
Monthly Cash Flow$-35

Is Enid a Good Place to Invest in Rental Property?

Enid, OK has a population of 50,000 and has been growing at 0.9% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $140,000 paired with median rents of $1,120/mo produces an estimated cap rate of 7.36%.

Property taxes at 0.88% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5.8% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 2.5x, homes cost about 2.5 times the local median income of $56,350. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.5% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: Enid offers attractive fundamentals for rental investors. low taxes, and cap rates above 6% put it in the upper tier of investable markets.

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