Here we report a theoretical model based on Greens functions and averaging techniques that gives ana- lytical estimates to the signal to noise ratio (SNR) near the first parametric instability zone in parametrically- driven oscillators in the presence of added ac drive and added thermal noise. The signal term is given by the response of the parametrically-driven oscillator to the added ac drive, while the noise term has two dif- ferent measures: one is dc and the other is ac. The dc measure of noise is given by a time-average of the statistically-averaged fluctuations of the position of the parametric oscillator due to thermal noise. The ac measure of noise is given by the amplitude of the statistically-averaged fluctuations at the frequency of the parametric pump. We observe a strong dependence of the SNR on the phase between the external drive and the parametric pump, for some range of the phase there is a high SNR, while for other values of phase the SNR remains flat or decreases with increasing pump amplitude. Very good agreement between analytical estimates and numerical results is achieved.