1111 N 18th St · St. Joseph, MO 64501

$85,000

3 bd · 1.0 ba · 986 sqft · SingleFamily public records · 7 Days on market

Built 1927 7,288 sqft lot $86/sqft · at area comps Est $122k · 30% 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 +26.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +6.4/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

The home offers spacious rooms and a flexible layout filled with timeless character. Interior walls are ready for fresh paint, making it easy to add your personal touch. Enjoy the covered front porch and elevated lot that adds curb appeal and presence. Great opportunity for a buyer or investor to build equity and make it their own!

Key facts

• 7,288 sq ft lot
• Built 1927
• Listed 7 days

Property features AI

Finance

• Other: Living area approximately 1,479 (source: agent); Lot roughly 7,288 sq ft (97 x 75.13 irregular); In flood plain: unknown; Directions: Head north on 22nd Street, right on Holeman, left on 18th — house is on the left
• HOA & community: No maintenance provided

Exterior

• Parking: Other parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; 1.5-story floor plan; Faces west
• Construction: Vinyl siding; Composition roof; Has full unfinished basement; Age: 76–100 years
• Exterior features: Porch; Metal fencing; Paved road access; Public road maintenance

Interior

• Kitchen: Refrigerator; Gas range
• Bedrooms: 3 bedrooms
• Flooring: Wood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Electric cooling (has cooling)
• Interior features: Formal dining area; Refrigerator; Gas range
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $222 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($965 rent vs $85k).
• Cap rate 9.4% vs local median 4.7% in St. Joseph — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• St. Joseph (urban): math 28% / reading 38% proficiency, ranked #241 of 324 in MO (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 97 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 70 units permitted in Buchanan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Buchanan County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $85,000

Questions for the listing agent

1. Built in 1927 — 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. 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.
4. 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.
5. 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: 1.14% ✓
• Cap rate: 9.43%
• Cash-on-cash: 11.19%
• DSCR: 1.50
• GRM: 7.3

CMA / ARV

• ARV (median comp): $121,673
• List price: $85,000
• Delta: -30.14%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1921 Jones St	0.14mi	2/1.0 (-1)	980 (-1%)	0mo	$30,000	$31	87
1901 Jones St	0.10mi	2/1.0 (-1)	1,018 (+3%)	5mo	$120,000	$118	81
1912 Holman St	0.20mi	3/1.0	955 (-3%)	8mo	$99,000	$104	79
1607 Grand Ave	0.41mi	3/1.0	961 (-2%)	2mo	$100,000	$104	76
1015 Corby St	0.47mi	2/1.0 (-1)	1,028 (+4%)	3mo	$75,000	$73	63
1521 N 15th St	0.36mi	2/1.0 (-1)	912 (-8%)	5mo	$169,900	$186	62
1308 N 10th St	0.52mi	2/1.0 (-1)	936 (-5%)	7mo	$150,000	$160	57
1806 N 22nd St	0.55mi	2/1.0 (-1)	1,068 (+8%)	0mo	$123,900	$116	55
605 N 12th St	0.49mi	3/1.0	1,116 (+13%)	0mo	$135,000	$121	55
705 N 9 St	0.63mi	2/1.0 (-1)	1,032 (+5%)	7mo	$124,900	$121	52
2234 Felix St	0.74mi	3/1.5	912 (-8%)	3mo	$115,000	$126	49
415 N 26th St	0.72mi	2/1.0 (-1)	864 (-12%)	2mo	$139,900	$162	39

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: 0.4%
• Equity multiple: 1.01×
• Total profit: $353
• Equity at exit: $12,674

10-year hold

• IRR: 10.0%
• Equity multiple: 1.78×
• Total profit: $18,458
• Equity at exit: $7,349

Cash invested: $23,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 81 Strongly Landlord-Friendly
• State Missouri: 81 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

Generally landlord-friendly; St Louis has some habitability requirements.

Methodology + full state rankings →

ZIP-level market 64501

• Active inventory: 97
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $965 high
• Mortgage (P&I): −$446
• Tax from tax record: −$59 /mo · $713/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $222

Break-even live

Break-even rent $684

Max offer price $85,000

Occupancy floor 72%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
917 N 24th St Unit 1 St Joseph, MO	2.0	1.0	933	$925	$0.99	43d	1	0.40mi
516 N 10th St Saint Joseph, MO	1.0–2.0	1.0	700	$900	$1.29	43d	1	0.62mi
425 N 25th St St Joseph, MO	2.0	1.0	800	$850	$1.06	43d	1	0.63mi
2408 Jules St Saint Joseph, MO	2.0	1.0	1032	$1,100	$1.07	43d	1	0.68mi
303 S 13th St St Joseph, MO	3.0	1.5	1000	$950	$0.95	43d	1	0.82mi
201 S 10th St Saint Joseph, MO	2.0	1.0	600	$1,000	$1.67	43d	1	0.87mi
2901 Frederick Ave Saint Joseph, MO	2.0–3.0	1.0	900	$1,000	$1.11	43d	1	0.91mi
1416 N 3rd St Unit 1418 St Joseph, MO	2.0	1.0	750	$850	$1.13	43d	1	0.97mi
1106 Olive St Saint Joseph, MO	2.0	1.0	700	$725	$1.04	43d	1	1.25mi
3128 Midland St Saint Joseph, MO	2.0	1.0	1104	$975	$0.88	43d	1	1.48mi

Listing history 5 events

1. 2026-05-08
   status Pending 333-char remark
2. 2026-05-02
   listed $85,000 Active 333-char remark
3. 2026-04-30
   historical $85,000 333-char remark
4. 2020-11-17
   soldstatus
5. 1987-02-17
   soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MO · Resets to sale price

• Current annual tax: $713 · $59/mo
• Projected year-2 tax: $824 · $69/mo
• Expected delta: +$112/yr (+$9/mo · 15.7%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,583
• − Mortgage interest: −$4,761
• − Property taxes: −$713
• − Insurance: −$425
• − Repairs & maintenance: −$927
• − Management: −$927
• − Depreciation: −$2,473
• Taxable income: $1,358
• Est. tax owed @ 24.0%: −$326
• After-tax cash flow: $2,338/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: St. Joseph
• NCES district ID: 2927060
• Math proficiency: 28% ▼ -6.00%
• Reading proficiency: 38% ▼ -1.00%
• Median HH income: $43,007
• Composite: 27.99/100
• National rank: #6853
• State rank: #241 of 324 in MO

Livability — St. Joseph

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Joseph, MO
• County: Buchanan County · 32,150 people
• City population: 44,382
• Metro: St. Joseph, MO-KS
• Population (ZIP): 10,689
• Household income: $46,731
• Rent vs Own: 50.8% rent · 49.2% own
• Severe rent burden: 721.0

Population outlook (Buchanan County) Hauer SSP2

• Today (2025): 89,041 people
• By 2030: 88,401 · -0.7%
• By 2040: 86,220 · -3.2%
• By 2050: 83,603 · -6.1%
• By 2075: 76,750 · -13.8%
• By 2100: 67,623 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 12% Hispanic / Latino 11% Two or more races 9%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Italian 3% Romanian 1% Slovak 1%
• Foreign-born: 7% · Canada, China
• Languages at home: 89% English-only · Spanish 7% Arabic 1%

Political lean MEDSL · Buchanan

• 2024 margin: Strong R (+28.0) · D 35.2% · R 63.3% · Other 1.5%
• 2008→2024 swing: -28.2pp toward R · 2008: 0.1pp · 2024: -28.0pp
• All cycles: 2024: R+28.0 2020: R+24.6 2016: R+26.2 2012: R+8.7 2008: D+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.20%
• Current HPI: 157.8706
• Rent YoY: —
• Metro: St. Joseph, MO-KS
• State GDP YoY: ▲ 1.84%
• F500 in state: 20

Industry mix (Fortune 500 HQ in MO)

Industry	F500 HQs	Revenue
▸Healthcare	1	$163B
▸Insurance	1	$21B
▸Industrial Technology	1	$17B
▸Retail	1	$16B
▸Industrial Distribution	1	$10B
▸Utilities	1	$9B

Price history

+0.0% since first listed

7 events — show timeline

• 2026-06-01 Sold (Public Records) $85,000 Public Records
• 2026-05-29 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2026-05-08 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-05-02 Listed $85,000 Heartland MLS as Distributed by MLS Grid
• 2026-04-30 Coming Soon $85,000 Heartland MLS as Distributed by MLS Grid
• 2020-11-17 Sold (Public Records) — Public Records
• 1987-02-17 Sold (Public Records) — Public Records

Property tax history

+1.5%/yr

Latest (2025): $713 · +6.3% YoY. Source: county tax records.