21061 Pike 307 · Bowling Green, MO 63334

$1

3 bd · 1.0 ba · 1,178 sqft · Other public records · 36 Days on market

Built 1951 5.00 ac lot

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Why this score? — see what drove the F 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 +8.8/30.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Schools +3.4/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

AUCTION LISTING - List price is not indicative of Seller’s final reserve amount. This property is part of an online bidding event. This sale will be executed with a no-contingency contract provided by the brokerage representing the Seller. See MLS Supplement Document for complete details. Check out this 3-bedroom, 1-bath home situated on 5 acres in Cyrene, Missouri. Whether you're looking for a family home or to start a mini farm, this one offers a versatile setup and plenty of potential. The approximately 1,178 sq ft home welcomes you with an open living area that includes a fireplace. Just off the main living space, the kitchen is functional for everyday living. The home includes three bedrooms and a centrally located full bathroom, providing a practical layout for families, guests, or even a home office setup. Hardwood floors run throughout much of the home, adding character and charm. A full basement provides additional space for storage, hobbies, or the opportunity to finish out a game room or extra living area. With a little TLC, this home could easily be transformed into a comfortable residence, rental property, or investment opportunity. Outside, the property is well-suited for rural living. A large, older barn with stalls offers excellent potential for livestock, while the metal Quonset hut building provides ideal storage for equipment, hay, or supplies. A separate workshop is perfect for woodworking or small projects. The pasture is partially fenced and would be great for horses or livestock, making this a great setup for hobby farming. Conveniently located just 7 miles south of Bowling Green and approximately 30 miles from Troy, you’ll enjoy the peace of country life with easy access to nearby amenities.

Key facts

• Functional kitchen
• Metal quonset hut
• Open living area

Tags

• OPEN LIVING AREA
• FIREPLACE
• FUNCTIONAL KITCHEN
• FULL BASEMENT
• LARGE OLDER BARN
• METAL QUONSET HUT

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $142,727 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $1.

Deal economics

• At list price, monthly cash flow is $-118 ($-1k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).

Location & tenants

• Location reads 72/100 on livability (#91 in MO) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D-, amenities F, commute F.
• Bowling Green R-I (town): math 31% / reading 49% proficiency, ranked #146 of 324 in MO (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 35 active listings in the ZIP; 38 units permitted in Pike County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $987 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Pike County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($0) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 214090.2% of price; built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
3. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.77% ✗
• Cap rate: 5.30%
• Cash-on-cash: -3.56%
• DSCR: 0.84
• GRM: 10.8

CMA / ARV

• ARV (median comp): $142,727
• List price: $1
• Delta: -100.00%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -22.2%
• Equity multiple: 0.23×
• Total profit: $-30,652
• Equity at exit: $21,281

10-year hold

• IRR: -16.3%
• Equity multiple: 0.09×
• Total profit: $-36,334
• Equity at exit: $12,340

Cash invested: $39,964 (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 63334

• Home prices YoY: -16.2%
• Active inventory: 35

Monthly cashflow live

• Estimated rent: $1,099 medium
• Mortgage (P&I): −$748
• Tax est. 1.5%: −$178 /mo · $2,141/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $-118

Break-even live

Break-even rent $1,249

Max offer price $125,595

Occupancy floor —

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: $35,682
• Closing costs: $4,282
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-04-16
   listed $1 Active 1765-char remark

   Show marketing remark (1765 chars)

   AUCTION LISTING - List price is not indicative of Seller’s final reserve amount. This property is part of an online bidding event. This sale will be executed with a no-contingency contract provided by the brokerage representing the Seller. See MLS Supplement Document for complete details. Check out this 3-bedroom, 1-bath home situated on 5 acres in Cyrene, Missouri. Whether you're looking for a family home or to start a mini farm, this one offers a versatile setup and plenty of potential. The approximately 1,178 sq ft home welcomes you with an open living area that includes a fireplace. Just off the main living space, the kitchen is functional for everyday living. The home includes three bedrooms and a centrally located full bathroom, providing a practical layout for families, guests, or even a home office setup. Hardwood floors run throughout much of the home, adding character and charm. A full basement provides additional space for storage, hobbies, or the opportunity to finish out a game room or extra living area. With a little TLC, this home could easily be transformed into a comfortable residence, rental property, or investment opportunity. Outside, the property is well-suited for rural living. A large, older barn with stalls offers excellent potential for livestock, while the metal Quonset hut building provides ideal storage for equipment, hay, or supplies. A separate workshop is perfect for woodworking or small projects. The pasture is partially fenced and would be great for horses or livestock, making this a great setup for hobby farming. Conveniently located just 7 miles south of Bowling Green and approximately 30 miles from Troy, you’ll enjoy the peace of country life with easy access to nearby amenities.

2. 1999-07-01
   soldstatus

ⓘ 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 3/10 Moderate 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,184
• − Mortgage interest: −$7,995
• − Property taxes: −$2,141
• − Insurance: −$714
• − Repairs & maintenance: −$1,055
• − Management: −$1,055
• − Depreciation: −$4,152
• Taxable loss: −$3,927
• Est. tax savings @ 24.0%: +$942
• After-tax cash flow: $-478/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: Bowling Green R-I
• NCES district ID: 2905660
• Math proficiency: 31% ▼ -11.00%
• Reading proficiency: 49% ▼ -1.00%
• Median HH income: $43,568
• Composite: 33.81/100
• National rank: #5362
• State rank: #146 of 324 in MO

Livability — Bowling Green

• Score: 72/100
• State rank: #91
• US rank: #6204

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,251

Population outlook (Pike County) Hauer SSP2

• Today (2025): 17,895 people
• By 2030: 17,591 · -1.7%
• By 2040: 17,080 · -4.6%
• By 2050: 16,589 · -7.3%
• By 2075: 14,761 · -17.5%
• By 2100: 11,606 · -35.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 9% Two or more races 5% Native American 1%
• Common ancestry: Lithuanian 2% Arab 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Arabic 2% German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Pike

• 2024 margin: Solid R (+57.9) · D 20.7% · R 78.6%
• 2008→2024 swing: -48.0pp toward R · 2008: -9.9pp · 2024: -57.9pp
• All cycles: 2024: R+57.9 2020: R+53.9 2016: R+47.0 2012: R+27.3 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.14%
• Current HPI: 191.5018
• 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

Property tax history

+2.3%/yr

Latest (2025): $579 · +2.9% YoY. Source: county tax records.