11035 Schrenk Ct · Rolla, MO 65401

$179,900

3 bd · 1.0 ba · 1,128 sqft · SingleFamily public records · 58 Days on market

Built 1979 0.35 ac lot $159/sqft · at area comps Est $188k · at est. ↓ 3% since listing

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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 +11.3/30.0
• ARV discount +9.5/15.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 1-bath home offers approximately 1,128 square feet of living space with a series of recent exterior updates. Improvements completed in 2020 include siding, windows, a deck door, and crawlspace door. In 2025, the roof, gutters, and downspouts were replaced, and a new deck was added in 2026. Interior updates include a water heater installed in 2021, range and dishwasher in 2022, and refrigerator in 2023. A water heater booster was installed in 2025. This property offers multiple recent improvements. Buyers are encouraged to schedule a showing and verify all measurements and features to their satisfaction.

Key facts

• 0.35 acre lot
• Parking
• Built 1979

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $-66 ($-789/yr) — negative.
• To cash-flow at today's rent, offer at most $168k (6.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (28.4% below list).
• Recommended offer: $129k (28.4% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.5% in Rolla — 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 (#76 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: crime D, commute F, employment D-.
• Rolla 31 (town): math 38% / reading 48% proficiency, ranked #118 of 324 in MO (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Harry S. Truman Elem. (math 42% / reading 47%, grade F, #413 of 1,115 statewide, top 42%, 431 students, 51% FRL); Rolla Middle (math 37% / reading 46%, grade F, #163 of 391 statewide, top 44%, 837 students, 40% FRL); Rolla Sr. High (math 25% / reading 61%, grade F, #211 of 521 statewide, top 41%, 1,323 students, 34% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents rising fast (+10.2%/yr); 271 active listings in the ZIP; 162 units permitted in Phelps County in 2024 (83 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Phelps County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.

Recommended offer $128,800 (28.4% below list)

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 58 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is D 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?
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: 0.72% ✗
• Cap rate: 5.85%
• Cash-on-cash: -1.57%
• DSCR: 0.93
• GRM: 11.6

CMA / ARV

• ARV (median comp): $188,325
• List price: $179,900
• Delta: -4.47%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11035 Schrenk Ct	0.00mi	3/1.0	1,128 (0%)	0mo	$179,900	$159	100
10900 Nolte Ct	0.31mi	3/2.0	1,126 (-0%)	3mo	$259,000	$230	79
2276 Old Saint James Rd	0.10mi	2/1.0 (-1)	984 (-13%)	4mo	$174,900	$178	66
10950 Hubbard Ct	0.22mi	2/1.0 (-1)	1,248 (+11%)	3mo	$185,000	$148	65
11275 County Road 3030	0.46mi	3/1.5	1,145 (+2%)	15mo	$178,000	$155	61
10582 County Road 3060	0.69mi	3/1.0	1,200 (+6%)	1mo	$179,500	$150	56
10757 Kilpatrick Cir	0.58mi	3/2.0	1,186 (+5%)	12mo	$200,000	$169	51
10794 Kilpatrick Cir	0.48mi	3/2.0	1,103 (-2%)	23mo	$280,000	$254	50
10990 Nolte Ct	0.41mi	3/2.0	1,230 (+9%)	14mo	$234,900	$191	50

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.47×
• Total profit: $-26,610
• Equity at exit: $26,824

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $2,097
• Equity at exit: $15,554

Cash invested: $50,372 (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 65401

• Home prices YoY: -26.4%
• Rents YoY: 10.2%
• Active inventory: 271
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,288 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$65 /mo · $779/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $-66

Break-even live

Break-even rent $1,371

Max offer price $168,287

Occupancy floor —

Sensitivity live

Price	-10% $36	-5% $-15	+0% $-66	+5% $-117	+10% $-168
Rent	-10% $-167	-5% $-117	+0% $-66	+5% $-15	+10% $36
Rate	-1.0pp $25	-0.5pp $-20	base $-66	+0.5pp $-112	+1.0pp $-160

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-12
   status $179,900 Pending 58 DOM
2. 2026-06-09
   days on market $179,900 Active Under Contract 58 DOM
3. 2026-06-08
   days on market $179,900 Active Under Contract 57 DOM
4. 2026-06-07
   days on market $179,900 Active Under Contract 56 DOM
5. 2026-06-02
   days on market $179,900 Active Under Contract 51 DOM
6. 2026-06-01
   days on market $179,900 Active Under Contract 50 DOM
7. 2026-05-31
   days on market $179,900 Active Under Contract 49 DOM
8. 2026-05-30
   days on market $179,900 Active Under Contract 48 DOM
9. 2026-05-18
   historical Active Under Contract 628-char remark

   Show marketing remark (628 chars)

   This 3-bedroom, 1-bath home offers approximately 1,128 square feet of living space with a series of recent exterior updates. Improvements completed in 2020 include siding, windows, a deck door, and crawlspace door. In 2025, the roof, gutters, and downspouts were replaced, and a new deck was added in 2026. Interior updates include a water heater installed in 2021, range and dishwasher in 2022, and refrigerator in 2023. A water heater booster was installed in 2025. This property offers multiple recent improvements. Buyers are encouraged to schedule a showing and verify all measurements and features to their satisfaction.

10. 2026-05-01
    price $179,900 628-char remark

    Show marketing remark (628 chars)

    This 3-bedroom, 1-bath home offers approximately 1,128 square feet of living space with a series of recent exterior updates. Improvements completed in 2020 include siding, windows, a deck door, and crawlspace door. In 2025, the roof, gutters, and downspouts were replaced, and a new deck was added in 2026. Interior updates include a water heater installed in 2021, range and dishwasher in 2022, and refrigerator in 2023. A water heater booster was installed in 2025. This property offers multiple recent improvements. Buyers are encouraged to schedule a showing and verify all measurements and features to their satisfaction.

11. 2026-04-13
    listed $185,000 Active 628-char remark

    Show marketing remark (628 chars)

    This 3-bedroom, 1-bath home offers approximately 1,128 square feet of living space with a series of recent exterior updates. Improvements completed in 2020 include siding, windows, a deck door, and crawlspace door. In 2025, the roof, gutters, and downspouts were replaced, and a new deck was added in 2026. Interior updates include a water heater installed in 2021, range and dishwasher in 2022, and refrigerator in 2023. A water heater booster was installed in 2025. This property offers multiple recent improvements. Buyers are encouraged to schedule a showing and verify all measurements and features to their satisfaction.

12. 2026-04-13
    historical $185,000 628-char remark

    Show marketing remark (628 chars)

    This 3-bedroom, 1-bath home offers approximately 1,128 square feet of living space with a series of recent exterior updates. Improvements completed in 2020 include siding, windows, a deck door, and crawlspace door. In 2025, the roof, gutters, and downspouts were replaced, and a new deck was added in 2026. Interior updates include a water heater installed in 2021, range and dishwasher in 2022, and refrigerator in 2023. A water heater booster was installed in 2025. This property offers multiple recent improvements. Buyers are encouraged to schedule a showing and verify all measurements and features to their satisfaction.

ⓘ 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: $779 · $65/mo
• Projected year-2 tax: $1,745 · $145/mo
• Expected delta: +$966/yr (+$81/mo · 124.1%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,456
• − Mortgage interest: −$10,077
• − Property taxes: −$779
• − Insurance: −$900
• − Repairs & maintenance: −$1,236
• − Management: −$1,236
• − Depreciation: −$5,233
• Taxable loss: −$4,006
• Est. tax savings @ 24.0%: +$961
• After-tax cash flow: $173/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: Rolla 31
• NCES district ID: 2926890
• Math proficiency: 38% ▼ -9.00%
• Reading proficiency: 48% ▼ -7.00%
• Median HH income: $40,057
• Composite: 36.0/100
• National rank: #4786
• State rank: #118 of 324 in MO

Livability — Rolla

• Score: 73/100
• State rank: #76
• US rank: #5115

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Phelps County · 42,017 people
• City population: 32,714
• Metro: Rolla, MO
• Population (ZIP): 32,714
• Household income: $56,081
• Rent vs Own: 44.5% rent · 55.5% own
• Severe rent burden: 1122.0

Population outlook (Phelps County) Hauer SSP2

• Today (2025): 44,188 people
• By 2030: 43,524 · -1.5%
• By 2040: 41,211 · -6.7%
• By 2050: 38,977 · -11.8%
• By 2075: 33,846 · -23.4%
• By 2100: 27,828 · -37.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 6% Asian 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Lithuanian 4% Italian 2% Slovak 2%
• Foreign-born: 6% · China, Canada
• Languages at home: 93% English-only · Chinese 2% Spanish 1% Other Indo-European 1%

Political lean MEDSL · Phelps

• 2024 margin: Solid R (+42.9) · D 27.9% · R 70.8% · Other 1.3%
• 2008→2024 swing: -20.7pp toward R · 2008: -22.2pp · 2024: -42.9pp
• All cycles: 2024: R+42.9 2020: R+40.1 2016: R+42.9 2012: R+33.5 2008: R+22.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.69%
• Current HPI: 172.421
• Rent YoY: ▲ 10.25%
• Metro: Rolla, 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

-2.8% since first listed

4 events — show timeline

• 2026-05-18 Contingent — MARIS as Distributed by MLS Grid
• 2026-05-01 Price Changed $179,900 MARIS as Distributed by MLS Grid
• 2026-04-13 Listed $185,000 MARIS as Distributed by MLS Grid
• 2026-04-13 Coming Soon $185,000 MARIS as Distributed by MLS Grid

Property tax history

+4.2%/yr

Latest (2025): $779 · +10.1% YoY. Source: county tax records.