1703 E 4th St · Trenton, MO 64683

$129,900

3 bd · 2.0 ba · 1,968 sqft · Other · 3 Days on market

Built 1966 0.54 ac lot

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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 +13.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• 1% rule +3.8/10.0
• Livability +3.8/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1344 sq ft split level home in nice neighborhood. Home has large kitchen, dining room and living room on the main floor with 3 bedrooms and full bath on the upper level. The lower level has a family room with gas fireplace, full bath with laundry hook-ups, and a bonus room that would make a great play area or office. Other features include a 2 car attached garage, sunroom off the kitchen, a deck that goes almost all the way across the back of the house, large level yard, and a bay window in the kitchen. The master bedroom opens out onto the deck so you can catch the morning sun or relax when the day is done.

Key facts

• Large living room
• Sunroom addition
• Split-level design

Tags

• PRIVATE CUL-DE-SAC
• SPLIT-LEVEL DESIGN
• SUNROOM ADDITION
• LARGE LIVING ROOM
• GENEROUS 0.54 ACRE LOT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $130k.

Deal economics

• At list price, monthly cash flow is $10 ($124/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 $115k (11.5% below list).
• Recommended offer: $115k (11.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#49 in MO, #3,686 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities F, commute F.
• Trenton R-IX (town): math 28% / reading 43% proficiency, ranked #223 of 324 in MO (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rissler Elem. (math 37% / reading 42%, grade F, #537 of 1,115 statewide, top 53%, 480 students, 54% FRL); Trenton Middle (math 29% / reading 38%, grade F, #260 of 391 statewide, top 67%, 299 students, 50% FRL); Trenton Sr. High (math 8% / reading 57%, grade F, #354 of 521 statewide, top 68%, 326 students, 43% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: 51 active listings in the ZIP; 2 units permitted in Grundy County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Grundy County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y 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 $65k; list at $130k implies a 100% gain — meaningful room to come down on a strong offer.

Recommended offer $114,945 (11.5% below list)

Questions for the listing agent

1. Built in 1966 — 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. 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?
4. 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.
5. 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.
6. 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: 0.88% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.34%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.7%
• Equity multiple: 0.44×
• Total profit: $-20,372
• Equity at exit: $19,369

10-year hold

• IRR: -7.3%
• Equity multiple: 0.54×
• Total profit: $-16,820
• Equity at exit: $11,231

Cash invested: $36,372 (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 64683

• Home prices YoY: -14.6%
• Active inventory: 51
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,149 medium
• Mortgage (P&I): −$681
• Tax est. 1.5%: −$162 /mo · $1,948/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $10

Break-even live

Break-even rent $1,136

Max offer price $129,900

Occupancy floor 94%

Sensitivity live

Price	-10% $100	-5% $55	+0% $10	+5% $-35	+10% $-79
Rent	-10% $-80	-5% $-35	+0% $10	+5% $56	+10% $101
Rate	-1.0pp $76	-0.5pp $43	base $10	+0.5pp $-23	+1.0pp $-58

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-04-06
   status Pending
2. 2026-04-03
   listed $129,900 Active
3. 2021-03-22
   soldstatus $65,000
4. 2021-01-06
   soldstatus 615-char remark

   Show marketing remark (615 chars)

   1344 sq ft split level home in nice neighborhood. Home has large kitchen, dining room and living room on the main floor with 3 bedrooms and full bath on the upper level. The lower level has a family room with gas fireplace, full bath with laundry hook-ups, and a bonus room that would make a great play area or office. Other features include a 2 car attached garage, sunroom off the kitchen, a deck that goes almost all the way across the back of the house, large level yard, and a bay window in the kitchen. The master bedroom opens out onto the deck so you can catch the morning sun or relax when the day is done.

5. 2020-10-07
   listed $80,000 615-char remark

   Show marketing remark (615 chars)

   1344 sq ft split level home in nice neighborhood. Home has large kitchen, dining room and living room on the main floor with 3 bedrooms and full bath on the upper level. The lower level has a family room with gas fireplace, full bath with laundry hook-ups, and a bonus room that would make a great play area or office. Other features include a 2 car attached garage, sunroom off the kitchen, a deck that goes almost all the way across the back of the house, large level yard, and a bay window in the kitchen. The master bedroom opens out onto the deck so you can catch the morning sun or relax when the day is done.

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥106°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,793
• − Mortgage interest: −$7,276
• − Property taxes: −$1,948
• − Insurance: −$650
• − Repairs & maintenance: −$1,103
• − Management: −$1,103
• − Depreciation: −$3,779
• Taxable loss: −$2,067
• Est. tax savings @ 24.0%: +$496
• After-tax cash flow: $620/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: Trenton R-IX
• NCES district ID: 2930360
• Math proficiency: 28% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $37,586
• Composite: 29.52/100
• National rank: #6499
• State rank: #223 of 324 in MO

Livability — Trenton

• Score: 76/100
• State rank: #49
• US rank: #3686

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment C- Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Trenton, MO
• City population: 7,648
• Population (ZIP): 7,648

Population outlook (Grundy County) Hauer SSP2

• Today (2025): 9,586 people
• By 2030: 9,298 · -3.0%
• By 2040: 8,783 · -8.4%
• By 2050: 8,262 · -13.8%
• By 2075: 7,011 · -26.9%
• By 2100: 5,650 · -41.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Hispanic / Latino 3% Asian 1%
• Common ancestry: Serbian 2% Portuguese 1% Slovak 1%
• Foreign-born: 1% · China
• Languages at home: 98% English-only · German/W. Germanic 1% Chinese 1% Spanish 1%

Political lean MEDSL · Grundy

• 2024 margin: Solid R (+63.6) · D 17.8% · R 81.4%
• 2008→2024 swing: -33.5pp toward R · 2008: -30.1pp · 2024: -63.6pp
• All cycles: 2024: R+63.6 2020: R+62.8 2016: R+60.8 2012: R+41.6 2008: R+30.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.24%
• Current HPI: 188.2901
• Rent YoY: —
• Metro: —
• 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

+62.4% since first listed

5 events — show timeline

• 2026-04-06 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-04-03 Listed $129,900 Heartland MLS as Distributed by MLS Grid
• 2021-03-22 Sold (Public Records) $65,000 Public Records
• 2021-01-06 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2020-10-07 Listed $80,000 Heartland MLS as Distributed by MLS Grid

Property tax history

+0.7%/yr

Latest (2025): $98 · +2.0% YoY. Source: county tax records.