🏠 Rental Property Calculators Oklahoma

Oklahoma Rental Property ROI Calculator

Free Oklahoma rental property ROI calculator. Analyze cash flow, cap rate, and cash-on-cash return using Oklahoma's 0.9% property tax rate.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Oklahoma Quick Facts

4.8% Income Tax Rate

0.90% Property Tax Rate

$55,826 Median Income

86.6 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

This calculator uses standard real estate investment analysis to determine the return on a rental property in Oklahoma. It factors in the mortgage payment (using a standard amortization formula), property taxes at Oklahoma's effective rate of 0.9%, insurance, vacancy loss, maintenance reserves, and property management fees. The cap rate is calculated as Net Operating Income divided by purchase price. Cash-on-cash return measures annual cash flow relative to total cash invested (down payment + estimated closing costs). The 10-year projection assumes 3% annual appreciation and 2% annual rent increases.

Key State Information

Oklahoma has an effective property tax rate of 0.9%, which is below the national average of 1.10%. Oklahoma has a progressive income tax up to 4.75% state income tax that applies to rental income. Oklahoma offers a homestead exemption of up to $1,000 (applies to primary residence, not investment properties).

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Tax Foundation, HUD, Census Bureau

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

What is the average property tax rate in Oklahoma?

Oklahoma's effective property tax rate is 0.9%, which means on a $195,000 home, you'd pay approximately $1,755 per year in property taxes.

Is Oklahoma a good state for rental property investment?

Oklahoma offers a median home price of $195,000 with 2BR rents averaging $870/month. Property tax rates are moderate. Use this calculator with your specific numbers to determine the actual ROI.

What is a good cap rate for rental property in Oklahoma?

A cap rate of 5-8% is generally considered good for rental properties. In Oklahoma, cap rates vary significantly by market. Urban areas tend to have lower cap rates (3-5%) but more consistent appreciation, while rural areas may offer higher cap rates (7-10%) with less growth potential.

How much do I need to invest in a rental property in Oklahoma?

For a median-priced home in Oklahoma ($195,000), a 20% down payment would be $39,000. Including estimated closing costs of $5,850, you'd need approximately $44,850 in cash.

Does Oklahoma have landlord-friendly laws?

Oklahoma has moderate landlord-tenant laws. Research specific local regulations before investing.