1120 N Fulbright Ave · Springfield, MO 65802

$99,900

2 bd · 1.0 ba · 1,080 sqft · SingleFamily public records · 49 Days on market

Built 1964 7,841 sqft lot $92/sqft · 32% below area Est $148k · 32% under ↓ 23% since listing

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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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +5.7/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This single-family residence in Springfield offers a fantastic opportunity for first-time homebuyers or investors alike. It's been consistently rented out for the last 10 years. Featuring 2 bedrooms, 1 bathroom, and 1,080 sq ft of living space, this home offers two separate living areas, providing flexibility for everyday living or entertaining. The second living room could easily be framed to create a third bedroom, adding value and future potential. Situated on a spacious 0.18-acre lot, the home includes a one-car attached garage and has seen updates, including a newer HVAC system, as well as, brand new roof and gutters. With a functional layout, solid updates, and versatile living space,

Key facts

• Brand new roof
• Brand new gutters
• Spacious lot

Tags

• TWO SEPARATE LIVING AREAS
• SPACIOUS LOT
• NEWER HVAC SYSTEM
• BRAND NEW ROOF
• BRAND NEW GUTTERS

Property features AI

Exterior

• Parking: Attached garage with 1 space
• Utilities: Public water; Private sewer
• Home design: Single-family residence; One story
• Construction: Residential construction
• Exterior features: Deck; Rear porch; Partial fencing; Property has a view; Level lot; City street frontage; Publicly maintained road

Interior

• Kitchen: Gas oven; Dishwasher; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (natural gas); Central air; Ceiling fan(s)
• Interior features: Dishwasher; Refrigerator; Gas oven (free‑standing); Gas water heater
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $220 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.6% in Springfield — 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 75/100 on livability (#57 in MO, #4,121 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment F.
• Springfield R-XII (urban): math 32% / reading 46% proficiency, ranked #174 of 324 in MO (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bissett Elem. (math 22% / reading 27%, grade F, #879 of 1,115 statewide, top 81%, 215 students, 86% FRL); Central High (math 42% / reading 62%, grade D+, #92 of 521 statewide, top 20%, 1,464 students, 51% FRL) — zoned schools average 68% FRL vs 46% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.8%/yr); 512 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,302 units permitted in Greene County in 2024 (250 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Greene County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.8% rent growth), your $28k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.07% ✓
• Cap rate: 8.94%
• Cash-on-cash: 9.44%
• DSCR: 1.42
• GRM: 7.8

CMA / ARV

• ARV (median comp): $147,857
• List price: $99,900
• Delta: -32.43%
• 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
1208 N Fulbright Ave	0.06mi	2/1.0	1,116 (+3%)	0mo	$56,500	$51	91
1330 N Fulbright Ave	0.18mi	2/1.0	1,008 (-7%)	1mo	$115,000	$114	80
1113 N Clifton Ave	0.09mi	2/2.0	972 (-10%)	2mo	$165,000	$170	73
1020 N Ethyl Ave	0.10mi	3/2.0 (+1)	989 (-8%)	2mo	$179,900	$182	71
2916 W Chestnut St	0.50mi	2/1.0	1,040 (-4%)	3mo	$139,000	$134	68
2326 W Nichols St	0.37mi	2/1.0	945 (-12%)	1mo	$150,000	$159	61
1120 N Colgate Ave	0.47mi	3/2.0 (+1)	1,119 (+4%)	2mo	$210,000	$188	61
2019 W Webster St	0.61mi	2/1.0	1,004 (-7%)	0mo	$120,000	$120	59
735 N Brown Ave	0.34mi	3/2.0 (+1)	1,209 (+12%)	1mo	$115,000	$95	55
1027 Warren Ave	0.41mi	3/2.0 (+1)	1,209 (+12%)	2mo	$180,000	$149	50
3215 W Bergman St	0.68mi	3/2.0 (+1)	1,167 (+8%)	1mo	$199,900	$171	45
2200 W Phelps St	0.73mi	3/1.0 (+1)	936 (-13%)	0mo	$135,900	$145	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 · 4.82% rent growth · sell at horizon

5-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-201
• Equity at exit: $14,895

10-year hold

• IRR: 11.1%
• Equity multiple: 1.94×
• Total profit: $26,275
• Equity at exit: $8,638

Cash invested: $27,972 (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 65802

• Home prices YoY: -31.9%
• Rents YoY: 4.8%
• Active inventory: 512
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,070 high
• Mortgage (P&I): −$524
• Tax from tax record: −$60 /mo · $720/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$225
• Net cashflow: $220

Break-even live

Break-even rent $792

Max offer price $99,900

Occupancy floor 74%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
922 N Glenn Ave Springfield, MO	2.0	1.0	780	$1,100	$1.41	43d	1	0.29mi
741 N West Ave Springfield, MO	2.0	1.0	912	$950	$1.04	43d	1	0.36mi
740 N West Ave Springfield, MO	3.0	1.0	900	$995	$1.11	23d	1	0.38mi
3016 W Hovey St Springfield, MO	3.0	2.0	1059	$1,350	$1.27	43d	1	0.48mi
3031 W Pacific St Springfield, MO	3.0	1.5	1008	$1,295	$1.28	21d	1	0.74mi
2602 W College St Springfield, MO	2.0	1.0	1350	$995	$0.74	13d	1	0.85mi
2854 W Walnut St Springfield, MO	3.0	1.0	945	$995	$1.05	21d	1	0.96mi
250 N Hilton Ave Springfield, MO	2.0	2.0	1153	$628	$0.54	13d	1	1.01mi
3028 W Walnut St Springfield, MO	2.0	1.0	975	$850	$0.87	21d	1	1.02mi
2541 W Lincoln St Springfield, MO	2.0	1.0	1034	$975	$0.94	43d	1	1.04mi
3002 W Elm St Springfield, MO	3.0	2.0	1128	$1,295	$1.15	21d	1	1.07mi
2412 W Lincoln St Springfield, MO	3.0	1.0	1260	$1,295	$1.03	23d	1	1.10mi
1740 W Olive St Springfield, MO	3.0	1.0	736	$1,195	$1.62	13d	1	1.12mi
1406 W Calhoun St Unit B Springfield, MO	2.0	1.0	885	$865	$0.98	23d	1	1.15mi
2224 N Clifton Ave Unit 2238-A Springfield, MO	2.0	1.0	756	$695	$0.92	13d	1	1.21mi
547 S Hilton Ave Springfield, MO	3.0	1.0	1008	$1,175	$1.17	43d	1	1.30mi
2117 N Lexington Ave Springfield, MO	3.0	1.0	1040	$1,195	$1.15	43d	1	1.37mi
2126 N Lexington Ave Springfield, MO	2.0	1.0	990	$895	$0.90	13d	1	1.40mi
2204 W Madison St Springfield, MO	3.0	1.0	960	$1,095	$1.14	13d	1	1.48mi

Listing history 19 events

1. 2026-06-18
   days on market $99,900 Active 49 DOM
2. 2026-06-17
   pricedays on market $99,900 Active 48 DOM
3. 2026-06-16
   days on market $110,000 Active 47 DOM
4. 2026-06-15
   days on market $110,000 Active 46 DOM
5. 2026-06-14
   days on market $110,000 Active 44 DOM
6. 2026-06-10
   days on market $110,000 Active 41 DOM
7. 2026-06-09
   days on market $110,000 Active 40 DOM
8. 2026-06-08
   days on market $110,000 Active 39 DOM
9. 2026-06-07
   days on market $110,000 Active 38 DOM
10. 2026-06-03
    days on market $110,000 Active 34 DOM
11. 2026-06-02
    days on market $110,000 Active 33 DOM
12. 2026-06-01
    days on market $110,000 Active 32 DOM
13. 2026-05-31
    days on market $110,000 Active 31 DOM
14. 2026-05-30
    days on market $110,000 Active 30 DOM
15. 2026-04-30
    listed $129,900 Active 751-char remark
16. 2026-03-09
    price $119,900
17. 2026-02-18
    price $124,900
18. 2026-01-16
    listed $129,900 Active
19. 2020-10-14
    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: $720 · $60/mo
• Projected year-2 tax: $969 · $81/mo
• Expected delta: +$249/yr (+$21/mo · 34.5%)

ⓘ 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 ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,845
• − Mortgage interest: −$5,596
• − Property taxes: −$720
• − Insurance: −$500
• − Repairs & maintenance: −$1,028
• − Management: −$1,028
• − Depreciation: −$2,906
• Taxable income: $1,067
• Est. tax owed @ 24.0%: −$256
• After-tax cash flow: $2,384/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: Springfield R-XII
• NCES district ID: 2928860
• Math proficiency: 32% ▼ -2.00%
• Reading proficiency: 46% ▼ -3.00%
• Median HH income: $37,886
• Composite: 32.45/100
• National rank: #5717
• State rank: #174 of 324 in MO

Livability — Springfield

• Score: 75/100
• State rank: #57
• US rank: #4121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, MO
• County: Greene County · 244,327 people
• City population: 223,044
• Metro: Springfield, MO
• Population (ZIP): 46,739
• Household income: $55,019
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 1818.0

Population outlook (Greene County) Hauer SSP2

• Today (2025): 319,054 people
• By 2030: 335,135 · +5.0%
• By 2040: 366,186 · +14.8%
• By 2050: 397,431 · +24.6%
• By 2075: 477,035 · +49.5%
• By 2100: 520,828 · +63.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 8% Hispanic / Latino 5% Black 4% Asian 2%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 2% Vietnamese 1% Other Indo-European 1%

Political lean MEDSL · Greene

• 2024 margin: Strong R (+20.8) · D 38.9% · R 59.7% · Other 1.4%
• 2008→2024 swing: -5.0pp toward R · 2008: -15.8pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+20.1 2016: R+27.4 2012: R+24.4 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -99.72%
• Current HPI: 212.9826
• Rent YoY: ▲ 4.82%
• Metro: Springfield, MO
• 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

-23.1% since first listed

8 events — show timeline

• 2026-06-17 Price Changed $99,900 SOMO
• 2026-05-29 Price Changed $110,000 SOMO
• 2026-05-19 Price Changed $115,000 SOMO
• 2026-04-30 Listed $129,900 SOMO
• 2026-03-09 Price Changed $119,900 SOMO
• 2026-02-18 Price Changed $124,900 SOMO
• 2026-01-16 Listed $129,900 SOMO
• 2020-10-14 Sold (Public Records) — Public Records

Property tax history

+2.4%/yr

Latest (2025): $720 · +11.4% YoY. Source: county tax records.