3308 Miami St · St. Louis, MO 63118

$110,000

2 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 78 Days on market

Built 1910 3,123 sqft lot $104/sqft · 19% below area Est $136k · 19% under

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Why this score? — see what drove the C 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 +21.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +4.7/10.0
• Rent growth +3.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this completely renovated brick bungalow in the heart of South City! This home is move-in ready, perfect for a first time homebuyer OR an investor searching for a strong rental opportunity. Checking all boxes, this 2-bed 1-bath has been fully updated from top to bottom to create a modern, low-maintenance home, featuring new flooring, windows, updated kitchen, fully refreshed bathroom, and more. The 2 separate living spaces flow naturally into the updated kitchen. The primary suite, which showcases some exposed brick, adds a subtle but memorable detail. Downstairs, the partially finished basement provides a good amount of space for storage, or an extra lounge space. Bordering the park, 3308 Miami offers a peaceful setting while still being close to everything South City has to offer. With a few small finishing touches, you can bring this home to its full potential. This is an opportunity you won’t want to miss! *Please note: All offers to be reviewed and approved by bank.

Key facts

• Exposed brick
• Bordering the park
• Updated kitchen

Tags

• RENOVATED BRICK BUNGALOW
• UPDATED KITCHEN
• PARTIALLY FINISHED BASEMENT
• EXPOSED BRICK
• BORDERING THE PARK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $166 ($2k/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 $106k (3.3% below list).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 5.0% in St. Louis — 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 C — affects rentability + tenant quality, not the cash-flow math above.
• St. Louis City (urban): math 10% / reading 18% proficiency, ranked #312 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 243 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• St. Louis County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 2y ago; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 0.97% ✗
• Cap rate: 8.10%
• Cash-on-cash: 6.45%
• DSCR: 1.29
• GRM: 8.6

CMA / ARV

• ARV (median comp): $135,670
• List price: $110,000
• Delta: -18.92%
• 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
3615 Virginia Ave	0.03mi	2/1.0	990 (-6%)	5mo	$90,000	$91	84
3840 S Compton Ave	0.34mi	3/1.0 (+1)	1,106 (+5%)	4mo	$168,000	$152	68
3526 Bamberger Ave	0.54mi	2/1.0	1,025 (-3%)	4mo	$168,000	$164	67
3406 Juniata St	0.63mi	2/1.0	1,066 (+1%)	3mo	$265,000	$249	67
3426 Nebraska Ave	0.40mi	3/1.5 (+1)	1,100 (+4%)	1mo	$159,900	$145	66
3718 S Spring Ave	0.48mi	3/2.0 (+1)	1,071 (+1%)	1mo	$110,000	$103	65
3711 Gravois Ave	0.43mi	2/1.0	1,155 (+9%)	2mo	$29,900	$26	63
3724 Bamberger Ave	0.56mi	3/2.0 (+1)	1,069 (+1%)	1mo	$110,000	$103	62
3623 S Spring Ave	0.49mi	3/2.0 (+1)	1,107 (+5%)	2mo	$105,000	$95	58
4106 Nebraska Ave	0.72mi	3/1.0 (+1)	1,080 (+2%)	4mo	$40,000	$37	55
3729 S Spring Ave	0.52mi	2/2.0	1,150 (+9%)	4mo	$120,000	$104	54
3566 Bamberger Ave	0.53mi	3/1.0 (+1)	950 (-10%)	1mo	$130,000	$137	53

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 · 4.89% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.83×
• Total profit: $-5,258
• Equity at exit: $16,401

10-year hold

• IRR: 7.1%
• Equity multiple: 1.57×
• Total profit: $17,637
• Equity at exit: $9,511

Cash invested: $30,800 (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 63118

• Rents YoY: 4.9%
• Active inventory: 243
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,064 high
• Mortgage (P&I): −$577
• Tax from tax record: −$52 /mo · $625/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $166

Break-even live

Break-even rent $854

Max offer price $110,000

Occupancy floor 79%

Sensitivity live

Price	-10% $228	-5% $197	+0% $166	+5% $134	+10% $103
Rent	-10% $81	-5% $124	+0% $166	+5% $208	+10% $250
Rate	-1.0pp $221	-0.5pp $193	base $166	+0.5pp $137	+1.0pp $108

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3614 Virginia Ave Saint Louis, MO	2.0	1.0	980	$1,200	$1.22	45d	1	0.03mi
3623 Virginia Ave Unit 3625-1F St. Louis, MO	1.0	1.0	850	$775	$0.91	24d	1	0.03mi
3636 Virginia Ave St. Louis, MO	1.0	1.0	902	$795	$0.88	45d	1	0.06mi
3525 Louisiana Ave Apt A St. Louis, MO	1.0	1.0	850	$750	$0.88	45d	1	0.11mi
3523 Louisiana Ave Unit 3525 St. Louis, MO	1.0	1.0	850	$750	$0.88	24d	1	0.12mi
3204 Winnebago St Saint Louis, MO	1.0	1.0	830	$1,400	$1.69	24d	1	0.13mi
3506 S Compton Ave Saint Louis, MO	2.0	2.0	1100	$1,300	$1.18	11d	1	0.15mi
3439 Chippewa St Saint Louis, MO	1.0	1.5	950	$850	$0.89	45d	1	0.25mi
3410 Virginia Ave Unit B St. Louis, MO	2.0	2.0	1442	$1,375	$0.95	17d	1	0.25mi
3653 S Grand Blvd Saint Louis, MO	1.0	1.0	2050	$1,350	$0.66	3d	4	0.29mi
3829 S Compton Ave Unit A St. Louis, MO	2.0	1.0	1040	$1,000	$0.96	17d	1	0.29mi
3829 S Compton Ave Unit B St. Louis, MO	2.0	1.0	1040	$1,050	$1.01	24d	1	0.29mi
3428 Dunnica Ave Saint Louis, MO	2.0	1.0	1050	$995	$0.95	45d	1	0.33mi
3534 Nebraska Ave Saint Louis, MO	2.0	1.0	1100	$1,100	$1.00	45d	1	0.34mi
3131 Keokuk St #3131 Saint Louis, MO	3.0	2.0	1500	$1,475	$0.98	15d	1	0.36mi
3406 Keokuk St Unit 3406 St. Louis, MO	1.0	1.0	700	$800	$1.14	45d	1	0.37mi
3280 Gravois Ave St. Louis, MO	2.0	1.0	1133	$895	$0.79	24d	1	0.38mi
3855 Minnesota Ave Unit B St. Louis, MO	2.0	1.0	900	$850	$0.94	45d	1	0.38mi
3434 Nebraska Ave Saint Louis, MO	2.0	1.0	747	$1,100	$1.47	45d	1	0.40mi
3839 Pennsylvania Ave Saint Louis, MO	2.0	1.0	725	$1,000	$1.38	21d	1	0.40mi
3432 Utah St Unit 3434 St. Louis, MO	2.0	1.0	1000	$1,150	$1.15	45d	1	0.40mi
3116 Keokuk St Saint Louis, MO	2.0	1.0	900	$850	$0.94	4d	1	0.40mi
3434 Utah St St. Louis, MO	2.0	1.0	1000	$1,150	$1.15	45d	1	0.40mi
3116 Keokuk St Unit 1F St. Louis, MO	2.0	1.0	900	$850	$0.94	3d	1	0.40mi
2902 Cherokee St Unit 2906-2F St. Louis, MO	1.0	1.0	918	$1,150	$1.25	45d	1	0.40mi
3106 Keokuk St Saint Louis, MO	2.0	1.0	850	$850	$1.00	17d	1	0.41mi
3530 Oregon Ave Unit 3532 St. Louis, MO	2.0	1.0	1035	$825	$0.80	45d	1	0.41mi
2900 Cherokee St Unit A St. Louis, MO	1.0	1.0	815	$1,395	$1.71	24d	1	0.41mi
3914 Michigan Ave Saint Louis, MO	2.0	1.0	1376	$1,150	$0.84	45d	1	0.42mi
3430 Grace Ave Unit 3432 St. Louis, MO	2.0	1.0	1106	$1,475	$1.33	45d	1	0.42mi
3539 Giles Ave St. Louis, MO	2.0	1.0	925	$1,050	$1.14	45d	1	0.43mi
3525 Giles Ave Unit D St. Louis, MO	2.0	1.0	900	$1,495	$1.66	24d	1	0.44mi
3828 Nebraska Ave St. Louis, MO	1.0	1.0	1000	$750	$0.75	24d	1	0.44mi
3238 S Compton Ave St. Louis, MO	2.0	1.0	875	$1,150	$1.31	45d	1	0.44mi
3719 Winnebago St Unit 3719 1st St. Louis, MO	1.0	1.0	800	$730	$0.91	45d	1	0.45mi
3452 Giles Ave Unit 1F St. Louis, MO	2.0	1.0	900	$899	$1.00	45d	1	0.45mi
3450 Giles Ave Unit 1F St. Louis, MO	2.0	1.0	975	$899	$0.92	45d	1	0.45mi
3922 Minnesota Ave Saint Louis, MO	2.0	1.0	1000	$925	$0.93	45d	1	0.46mi
3242 Michigan Ave Saint Louis, MO	1.0	2.0	946	$1,195	$1.26	24d	1	0.46mi
3242 Michigan Ave Saint Louis, MO	1.0	2.0	946	$1,195	$1.26	45d	1	0.46mi

Listing history 40 events

1. 2026-06-21
   days on market $110,000 Active 78 DOM
2. 2026-06-18
   days on market $110,000 Active 75 DOM
3. 2026-06-17
   days on market $110,000 Active 74 DOM
4. 2026-06-16
   days on market $110,000 Active 73 DOM
5. 2026-06-15
   days on market $110,000 Active 72 DOM
6. 2026-06-13
   pricedays on market $110,000 Active 70 DOM
7. 2026-06-09
   days on market $122,000 Active 66 DOM
8. 2026-06-08
   days on market $122,000 Active 65 DOM
9. 2026-06-08
   days on market $122,000 Active 64 DOM
10. 2026-06-05
    days on market $122,000 Active 61 DOM
11. 2026-06-03
    days on market $122,000 Active 60 DOM
12. 2026-06-02
    days on market $122,000 Active 59 DOM
13. 2026-06-01
    days on market $122,000 Active 58 DOM
14. 2026-05-31
    days on market $122,000 Active 57 DOM
15. 2026-04-24
    price $122,000 1005-char remark

    Show marketing remark (1005 chars)

    Welcome to this completely renovated brick bungalow in the heart of South City! This home is move-in ready, perfect for a first time homebuyer OR an investor searching for a strong rental opportunity. Checking all boxes, this 2-bed 1-bath has been fully updated from top to bottom to create a modern, low-maintenance home, featuring new flooring, windows, updated kitchen, fully refreshed bathroom, and more. The 2 separate living spaces flow naturally into the updated kitchen. The primary suite, which showcases some exposed brick, adds a subtle but memorable detail. Downstairs, the partially finished basement provides a good amount of space for storage, or an extra lounge space. Bordering the park, 3308 Miami offers a peaceful setting while still being close to everything South City has to offer. With a few small finishing touches, you can bring this home to its full potential. This is an opportunity you won’t want to miss! *Please note: All offers to be reviewed and approved by bank.

16. 2026-04-04
    listed $129,900 Active 1005-char remark

    Show marketing remark (1005 chars)

    Welcome to this completely renovated brick bungalow in the heart of South City! This home is move-in ready, perfect for a first time homebuyer OR an investor searching for a strong rental opportunity. Checking all boxes, this 2-bed 1-bath has been fully updated from top to bottom to create a modern, low-maintenance home, featuring new flooring, windows, updated kitchen, fully refreshed bathroom, and more. The 2 separate living spaces flow naturally into the updated kitchen. The primary suite, which showcases some exposed brick, adds a subtle but memorable detail. Downstairs, the partially finished basement provides a good amount of space for storage, or an extra lounge space. Bordering the park, 3308 Miami offers a peaceful setting while still being close to everything South City has to offer. With a few small finishing touches, you can bring this home to its full potential. This is an opportunity you won’t want to miss! *Please note: All offers to be reviewed and approved by bank.

17. 2026-04-01
    status Active
18. 2026-02-18
    status Active
19. 2026-02-12
    status Pending
20. 2026-01-22
    listed $131,200 Active
21. 2026-01-16
    historical
22. 2025-12-23
    status Pending
23. 2025-12-22
    listed $130,000 Active
24. 2025-11-24
    price $140,000
25. 2025-10-14
    listed $160,000 Active
26. 2025-10-13
    historical
27. 2024-10-23
    soldstatus
28. 2024-09-18
    historical
29. 2024-09-09
    price $161,000
30. 2024-08-22
    price $169,999
31. 2024-08-12
    listed $180,000 Active
32. 2024-08-08
    historical
33. 2024-03-27
    soldstatus $139,375
34. 2024-03-25
    soldstatus Closed
35. 2024-03-04
    status Pending
36. 2024-02-28
    listed $59,000 Active
37. 2009-03-25
    soldstatus $80,000
38. 2006-11-27
    soldstatus $41,000
39. 2004-08-18
    soldstatus $37,800
40. 1991-09-13
    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: $625 · $52/mo
• Projected year-2 tax: $1,067 · $89/mo
• Expected delta: +$442/yr (+$37/mo · 70.8%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,764
• − Mortgage interest: −$6,162
• − Property taxes: −$625
• − Insurance: −$550
• − Repairs & maintenance: −$1,021
• − Management: −$1,021
• − Depreciation: −$3,200
• Taxable income: $185
• Est. tax owed @ 24.0%: −$44
• After-tax cash flow: $1,942/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. Louis City
• NCES district ID: 2929280
• Math proficiency: 10% ▼ -6.00%
• Reading proficiency: 18% ▼ -3.00%
• Median HH income: $35,685
• Composite: 11.54/100
• National rank: #9699
• State rank: #312 of 324 in MO

Livability — St. Louis

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

Census & demographics

• Census place: St. Louis, MO
• County: Saint Louis City · 254,015 people
• City population: 283,259
• Metro: St. Louis, MO-IL
• Population (ZIP): 25,913
• Household income: $57,762
• Rent vs Own: 56.1% rent · 43.9% own
• Severe rent burden: 1495.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 315,737 people
• By 2030: 313,865 · -0.6%
• By 2040: 305,439 · -3.3%
• By 2050: 296,529 · -6.1%
• By 2075: 271,028 · -14.2%
• By 2100: 255,359 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 44% Black 41% Two or more races 8% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 5% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · St. Louis

• 2024 margin: Solid D (+64.7) · D 81.4% · R 16.7% · Other 2.0%
• 2008→2024 swing: -3.5pp toward R · 2008: 68.2pp · 2024: 64.7pp
• All cycles: 2024: D+64.7 2020: D+66.2 2016: D+63.7 2012: D+66.6 2008: D+68.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -347.51%
• Current HPI: 171.5963
• Rent YoY: ▲ 4.89%
• Metro: St. Louis, MO-IL
• 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

+222.8% since first listed

26 events — show timeline

• 2026-04-24 Price Changed $122,000 MARIS as Distributed by MLS Grid
• 2026-04-04 Listed $129,900 MARIS as Distributed by MLS Grid
• 2026-04-01 Relisted — MARIS as Distributed by MLS Grid
• 2026-02-18 Relisted — MARIS as Distributed by MLS Grid
• 2026-02-12 Pending — MARIS as Distributed by MLS Grid
• 2026-01-22 Listed $131,200 MARIS as Distributed by MLS Grid
• 2026-01-16 Coming Soon — MARIS as Distributed by MLS Grid
• 2025-12-23 Pending — MARIS as Distributed by MLS Grid
• 2025-12-22 Listed $130,000 MARIS as Distributed by MLS Grid
• 2025-11-24 Price Changed $140,000 MARIS as Distributed by MLS Grid
• 2025-10-14 Listed $160,000 MARIS as Distributed by MLS Grid
• 2025-10-13 Coming Soon — MARIS as Distributed by MLS Grid
• 2024-10-23 Sold (Public Records) — Public Records
• 2024-09-18 Delisted — MARIS as Distributed by MLS Grid
• 2024-09-09 Price Changed $161,000 MARIS as Distributed by MLS Grid
• 2024-08-22 Price Changed $169,999 MARIS as Distributed by MLS Grid
• 2024-08-12 Listed $180,000 MARIS as Distributed by MLS Grid
• 2024-08-08 Coming Soon — MARIS as Distributed by MLS Grid
• 2024-03-27 Sold (Public Records) $139,375 Public Records
• 2024-03-25 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2024-03-04 Pending — MARIS as Distributed by MLS Grid
• 2024-02-28 Listed $59,000 MARIS as Distributed by MLS Grid
• 2009-03-25 Sold (Public Records) $80,000 Public Records
• 2006-11-27 Sold (Public Records) $41,000 Public Records
• 2004-08-18 Sold (Public Records) $37,800 Public Records
• 1991-09-13 Sold (Public Records) — Public Records

Property tax history

+4.9%/yr

Latest (2024): $625 · +6.0% YoY. Source: county tax records.