203 W Heidel St · Carrollton, MO 64633

$1

1 bd · None ba · 850 sqft · Other · 13 Days on market

Built 1968 0.35 ac lot

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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 +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great move-in ready 2 bedroom home close to downtown Carrollton with some updates already for you! This home comes with 2 extra lots and a partially fenced in yard giving you plenty of space for the kids to play and the perfect spot for a large garage. A generous sized living room and kitchen can be found inside along with newer vinyl plank and hardwood flooring. Other features include dual pane vinyl replacement windows and updated plumbing. Kitchen appliances and washer and dryer are included.

Key facts

• 0.35 acre lot
• Garage
• Built 1968

Property features AI

Finance

• Other: Lot about 0.35 acres (5009 units reported)
• HOA & community: No association fees

Exterior

• Parking: Detached garage (1 space); Other parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Frame construction; Composition roof; Approximately 850 above-grade living area
• Construction: Frame construction; Composition roof; Partial crawl space basement
• Exterior features: City lot; Not in a flood plain

Interior

• Bedrooms: 1 bedroom
• Heating & cooling: Forced air heating; Electric cooling (has cooling)
• Interior features: Ranch floor plan; Partial crawl space basement

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $671 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($850 rent vs $1).
• Cap rate 805798.0% vs local median 4.6% in Carrollton — 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 73/100 on livability (#80 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, employment F.
• Carrollton R-VII (town): math 31% / reading 46% proficiency, ranked #178 of 324 in MO (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 37 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 24 units permitted in Carroll County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Carroll County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.

Recommended offer $1

Questions for the listing agent

1. Built in 1968 — 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: 85000.00% ✓
• Cap rate: 805798.00%
• Cash-on-cash: 2877827.53%
• DSCR: 128048.13
• GRM: 0.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 152790.72×
• Total profit: $42,781
• Equity at exit: $1

10-year hold

• IRR: —
• Equity multiple: 329917.40×
• Total profit: $92,377
• Equity at exit: $2

Cash invested: $0 (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 64633

• Home prices YoY: 18.8%
• Active inventory: 37

Monthly cashflow live

• Estimated rent: $850 medium
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $671

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1108 E 10th St Unit B10 Carrollton, MO	2.0	1.0	750	$850	$1.13	44d	1	1.31mi

Listing history 10 events

1. 2026-06-18
   days on market $1 Active 13 DOM
2. 2026-06-17
   days on market $1 Active 12 DOM
3. 2026-06-16
   days on market $1 Active 11 DOM
4. 2026-06-15
   days on market $1 Active 10 DOM
5. 2026-06-13
   days on market $1 Active 8 DOM
6. 2026-06-12
   days on market $1 Active 7 DOM
7. 2026-06-09
   days on market $1 Active 4 DOM
8. 2026-06-08
   days on market $1 Active 3 DOM
9. 2026-06-07
   remarks 253-char remark
10. 2026-06-07
    listed $1 Active 2 DOM

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,200
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$816
• − Management: −$816
• − Depreciation: −$0
• Taxable income: $8,568
• Est. tax owed @ 24.0%: −$2,056
• After-tax cash flow: $6,002/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: Carrollton R-VII
• NCES district ID: 2907380
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 46% ▼ -6.00%
• Median HH income: $39,568
• Composite: 32.2/100
• National rank: #5779
• State rank: #178 of 324 in MO

Livability — Carrollton

• Score: 73/100
• State rank: #80
• US rank: #5324

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carrollton, MO
• City population: 4,504
• Population (ZIP): 4,504

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 8,269 people
• By 2030: 7,866 · -4.9%
• By 2040: 7,021 · -15.1%
• By 2050: 6,213 · -24.9%
• By 2075: 4,619 · -44.1%
• By 2100: 3,249 · -60.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Lithuanian 1% Slovak 1% Romanian 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Carroll

• 2024 margin: Solid R (+64.5) · D 17.4% · R 81.9%
• 2008→2024 swing: -33.2pp toward R · 2008: -31.3pp · 2024: -64.5pp
• All cycles: 2024: R+64.5 2020: R+64.4 2016: R+62.7 2012: R+44.6 2008: R+31.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 42.87%
• Current HPI: 271.4099
• 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

+22.2% since first listed

6 events — show timeline

• 2026-06-05 Listed $1 Heartland MLS as Distributed by MLS Grid
• 2022-12-20 Sold (MLS) — CMBR
• 2022-11-28 Delisted — CMBR
• 2022-09-28 Listed $59,900 CMBR
• 2020-05-22 Sold (MLS) — CMBR
• 2020-03-02 Listed $49,000 CMBR

Property tax history

+1.0%/yr

Latest (2025): $355 · +32.5% YoY. Source: county tax records.