514 Wishaw Ct · Glasgow Village, MO 63137

$74,900

3 bd · 1.0 ba · 932 sqft · SingleFamily public records · 34 Days on market

Built 1957 8,441 sqft lot $80/sqft · 10% below area Est $83k · 10% under

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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 +30.0/30.0
• ARV discount +12.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.1/5.0
• Livability +2.8/5.0
• Condition / age +2.5/5.0
• Schools +0.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ranch home with covered carport, fenced backyard and utility shed. Inside is spacious, ample closet space and full basement with storage area. HUD acquired property ~ This property is offered in it's current AS IS condition ~ Please use caution when showing ~ All utilities are turned off ~ 203K FHA insurable ~ HUD property condition reports attached to MLS listing ~ Schedule your showing today through the MLS ~ All agents welcome to show, office must have an active NAID # to submit bids (Don't have one? Call us!!) ~ Case #292-481479

Key facts

• Mature trees
• 8,441 sq ft lot
• Parking

Tags

• QUIET RESIDENTIAL STREET
• NEARBY ACCESS TO I-270
• NEARBY ACCESS TO I-70
• MATURE TREES
• WELL-ESTABLISHED COMMUNITY

Property features AI

Finance

• Other: No additional financial details provided
• Financial info: Lease not considered
• HOA & community: Glasgow Village HOA with $15 fee (frequency not specified); Association amenities listed as other

Exterior

• Parking: Covered carport (1 space); Total parking for 1 vehicle
• Security: No security details provided
• Utilities: Public water; Public sewer; Electric service (other)
• Home design: Single-family residence; One story; House; 932 above-grade finished area
• Construction: Vinyl siding; Composition roof; Slab foundation; Built year not provided
• Exterior features: Covered rear porch; Level lot

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: No flooring details provided
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Other heating; Central air (electric)
• Interior features: Partially finished basement; Gas water heater; Central air (electric)
• Laundry & utility: No laundry details provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $587 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.7% vs local median 12.4% in Glasgow Village — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 55/100 on livability (#756 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B; Watch: crime F, amenities F, commute F.
• Riverview Gardens (suburban): math 2% / reading 9% proficiency, ranked #324 of 324 in MO (top 100%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 90% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Glasgow Elem. (math 2% / reading 2%, grade F, #1,099 of 1,115 statewide, top 100%, 269 students, 99% FRL); Riverview Gardens Sr. High (math 2% / reading 18%, grade F, #501 of 521 statewide, top 97%, 1,331 students, 100% FRL).
• Market conditions: Rents rising fast (+6.6%/yr); 201 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 920 units permitted in St. Louis County in 2024 (250 in 5+ unit buildings).
• This rent runs 39% of the median local income ($43k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $21k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $10k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $37k; list at $75k implies a 104% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — 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 $72,653 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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 1957 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 1.87% ✓
• Cap rate: 15.70%
• Cash-on-cash: 33.60%
• DSCR: 2.50
• GRM: 4.4

CMA / ARV

• ARV (median comp): $83,194
• List price: $74,900
• Delta: -9.97%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10519 Renfrew Dr	0.19mi	3/1.5	982 (+5%)	2mo	$95,000	$97	78
10555 Gourock Dr	0.30mi	3/2.0	918 (-2%)	3mo	$120,000	$131	77
321 Caithness Rd	0.33mi	3/1.0	902 (-3%)	3mo	$47,700	$53	77
10539 Renfrew Dr	0.23mi	3/1.0	854 (-8%)	2mo	$119,900	$140	74
10301 Renfrew Dr	0.25mi	3/1.0	844 (-9%)	3mo	$110,000	$130	70
363 Shepley Dr	0.33mi	3/1.0	854 (-8%)	3mo	$110,000	$129	68
10066 Dorothy Ave	0.49mi	2/1.0 (-1)	916 (-2%)	1mo	$99,900	$109	68
338 Lancashire Rd	0.24mi	3/1.0	1,063 (+14%)	0mo	$99,000	$93	65
161 Cameron Rd	0.57mi	3/1.0	984 (+6%)	1mo	$105,000	$107	64
10300 Ross Cir	0.59mi	3/1.0	980 (+5%)	1mo	$105,000	$107	63
240 Shepley Dr	0.50mi	3/1.0	854 (-8%)	3mo	$55,000	$64	60
237 Ben Nevis Rd	0.74mi	3/1.0	873 (-6%)	1mo	$89,000	$102	54

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 · 6.59% rent growth · sell at horizon

5-year hold

• IRR: 32.9%
• Equity multiple: 2.46×
• Total profit: $30,542
• Equity at exit: $11,168

10-year hold

• IRR: 41.8%
• Equity multiple: 5.68×
• Total profit: $98,069
• Equity at exit: $6,476

Cash invested: $20,972 (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 63137

• Rents YoY: 6.6%
• Active inventory: 201
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,404 high
• Mortgage (P&I): −$393
• Tax from tax record: −$98 /mo · $1,177/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $587

Break-even live

Break-even rent $661

Max offer price $74,900

Occupancy floor 53%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
437 Lancashire Rd Saint Louis, MO	3.0	1.0	1082	$1,395	$1.29	43d	1	0.13mi
10401 Hobkirk Dr Saint Louis, MO	3.0	1.0	1050	$1,500	$1.43	17d	1	0.13mi
432 Midlothian Rd Saint Louis, MO	3.0	1.0	1120	$1,350	$1.21	10d	1	0.17mi
10519 Renfrew Dr Saint Louis, MO	3.0	1.5	982	$1,399	$1.42	43d	1	0.17mi
457 Shepley Dr Saint Louis, MO	3.0	1.0	854	$1,350	$1.58	23d	1	0.17mi
743 Shepley Dr Saint Louis, MO	3.0	1.0	932	$1,025	$1.10	7d	1	0.18mi
10524 Durness Dr Saint Louis, MO	3.0	1.0	1000	$1,250	$1.25	43d	1	0.18mi
10327 Renfrew Dr Saint Louis, MO	3.0	1.0	844	$1,199	$1.42	43d	1	0.20mi
10213 Durness Dr Saint Louis, MO	2.0	1.0	932	$1,225	$1.31	43d	1	0.21mi
10309 Galloway Dr Saint Louis, MO	3.0	1.0	892	$1,295	$1.45	12d	1	0.22mi
312 Banff Cir Saint Louis, MO	3.0	1.0	854	$1,175	$1.38	23d	1	0.28mi
409 Shepley Dr Saint Louis, MO	3.0	1.0	854	$1,095	$1.28	4d	1	0.28mi
416 Crawford Rd Saint Louis, MO	3.0	1.0	844	$1,499	$1.78	23d	1	0.28mi
10518 Gretna Cir Saint Louis, MO	3.0	1.0	1082	$1,450	$1.34	23d	1	0.29mi
329 Midlothian Rd Saint Louis, MO	3.0	1.0	854	$1,195	$1.40	2d	1	0.29mi
1205 Shepley Dr Saint Louis, MO	3.0	1.0	901	$1,350	$1.50	43d	1	0.30mi
1205 Shepley Dr Saint Louis, MO	3.0	1.0	901	$1,325	$1.47	23d	1	0.30mi
10201 Gourock Dr Saint Louis, MO	3.0	1.0	886	$1,275	$1.44	43d	1	0.30mi
305 Lancashire Rd Saint Louis, MO	3.0	1.0	854	$1,100	$1.29	17d	1	0.32mi
325 Caithness Rd Saint Louis, MO	3.0	1.0	854	$1,425	$1.67	11d	1	0.32mi
325 Caithness Rd Saint Louis, MO	3.0	1.0	854	$1,540	$1.80	43d	1	0.32mi
10527 Prestwick Dr Saint Louis, MO	3.0	2.0	854	$1,395	$1.63	7d	1	0.34mi
10421 Gardo Ct Saint Louis, MO	3.0	2.0	1000	$1,395	$1.40	14d	1	0.34mi
10432 Balmoral Dr Saint Louis, MO	4.0	1.0	826	$1,600	$1.94	1d	1	0.38mi
317 Cameron Rd Saint Louis, MO	3.0	1.0	854	$1,350	$1.58	23d	1	0.38mi
251 Midlothian Rd Saint Louis, MO	3.0	1.0	1058	$1,499	$1.42	43d	1	0.39mi
323 Shepley Dr Saint Louis, MO	3.0	1.0	850	$1,175	$1.38	1d	1	0.40mi
10063 Northgate Dr Saint Louis, MO	2.0	1.0	1054	$1,200	$1.14	43d	1	0.42mi
232 Cameron Rd Saint Louis, MO	3.0	1.0	984	$1,295	$1.32	12d	1	0.45mi
10617 Dunkeld Cir Saint Louis, MO	3.0	1.0	873	$1,299	$1.49	7d	1	0.46mi
10617 Dunkeld Cir Saint Louis, MO	3.0	1.0	873	$1,299	$1.49	43d	1	0.46mi
204 Tay Rd Saint Louis, MO	4.0	1.5	854	$1,500	$1.76	17d	1	0.46mi
255 Chambers Rd St. Louis, MO	2.0	1.0	700	$850	$1.21	43d	1	0.48mi
815 Bella Ln Saint Louis, MO	3.0	1.0	864	$1,275	$1.48	43d	1	0.49mi
10019 Northgate Dr Saint Louis, MO	3.0	1.0	991	$1,150	$1.16	21d	1	0.50mi
10066 Dorothy Ave Saint Louis, MO	2.0	1.0	916	$1,225	$1.34	21d	1	0.50mi
10650 Dunkeld Cir Saint Louis, MO	3.0	1.0	854	$1,250	$1.46	7d	1	0.53mi
10203 Trio Ln Saint Louis, MO	3.0	1.0	912	$1,435	$1.57	16d	1	0.60mi
241 Grampian Rd Saint Louis, MO	3.0	1.0	837	$1,250	$1.49	43d	1	0.62mi
237 Grampian Rd Saint Louis, MO	3.0	1.0	873	$1,499	$1.72	43d	1	0.63mi

Listing history 25 events

1. 2026-06-19
   price $74,900 Active 34 DOM
2. 2026-06-18
   days on market $84,900 Active 34 DOM
3. 2026-06-17
   days on market $84,900 Active 33 DOM
4. 2026-06-16
   days on market $84,900 Active 32 DOM
5. 2026-06-15
   days on market $84,900 Active 31 DOM
6. 2026-06-13
   days on market $84,900 Active 29 DOM
7. 2026-06-13
   days on market $84,900 Active 28 DOM
8. 2026-06-09
   days on market $84,900 Active 25 DOM
9. 2026-06-08
   days on market $84,900 Active 24 DOM
10. 2026-06-07
    days on market $84,900 Active 23 DOM
11. 2026-06-05
    days on market $84,900 Active 20 DOM
12. 2026-06-03
    days on market $84,900 Active 19 DOM
13. 2026-06-02
    days on market $84,900 Active 18 DOM
14. 2026-06-01
    days on market $84,900 Active 17 DOM
15. 2026-05-31
    days on market $84,900 Active 16 DOM
16. 2026-05-15
    listed $84,900 Active 827-char remark
17. 2022-02-23
    soldstatus $36,770
18. 2016-03-15
    soldstatus $1,231,000
19. 2012-07-26
    soldstatus 538-char remark

    Show marketing remark (538 chars)

    Ranch home with covered carport, fenced backyard and utility shed. Inside is spacious, ample closet space and full basement with storage area. HUD acquired property ~ This property is offered in it's current AS IS condition ~ Please use caution when showing ~ All utilities are turned off ~ 203K FHA insurable ~ HUD property condition reports attached to MLS listing ~ Schedule your showing today through the MLS ~ All agents welcome to show, office must have an active NAID # to submit bids (Don't have one? Call us!!) ~ Case #292-481479

20. 2012-06-01
    listed $15,000 538-char remark

    Show marketing remark (538 chars)

    Ranch home with covered carport, fenced backyard and utility shed. Inside is spacious, ample closet space and full basement with storage area. HUD acquired property ~ This property is offered in it's current AS IS condition ~ Please use caution when showing ~ All utilities are turned off ~ 203K FHA insurable ~ HUD property condition reports attached to MLS listing ~ Schedule your showing today through the MLS ~ All agents welcome to show, office must have an active NAID # to submit bids (Don't have one? Call us!!) ~ Case #292-481479

21. 2007-09-21
    soldstatus $85,000
22. 2007-09-21
    soldstatus $85,000
23. 2003-10-22
    soldstatus $72,900
24. 1991-10-23
    soldstatus
25. 1991-07-03
    soldstatus $35,000

ⓘ 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: $1,177 · $98/mo
• Projected year-2 tax: $1,177 · $98/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,850
• − Mortgage interest: −$4,196
• − Property taxes: −$1,177
• − Insurance: −$374
• − Repairs & maintenance: −$1,348
• − Management: −$1,348
• − Depreciation: −$2,179
• Taxable income: $6,228
• Est. tax owed @ 24.0%: −$1,495
• After-tax cash flow: $5,552/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: Riverview Gardens
• NCES district ID: 2926670
• Math proficiency: 2% ▼ -6.00%
• Reading proficiency: 9% ▼ -6.00%
• Median HH income: $32,759
• Composite: 4.22/100
• National rank: #10058
• State rank: #324 of 324 in MO

Livability — Glasgow Village

• Score: 55/100
• State rank: #756
• US rank: #23451

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Glasgow Village, MO
• County: Saint Louis County · 888,823 people
• Metro: St. Louis, MO-IL
• Population (ZIP): 19,684
• Household income: $43,422
• Rent vs Own: 52.2% rent · 47.8% own
• Severe rent burden: 1863.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 1,025,227 people
• By 2030: 1,028,023 · +0.3%
• By 2040: 1,020,940 · -0.4%
• By 2050: 1,007,280 · -1.8%
• By 2075: 987,277 · -3.7%
• By 2100: 921,984 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (82%)
• Race & ethnicity: Black 82% White 13% Two or more races 3%
• Common ancestry: Romanian 1% Lithuanian 1% Italian 1%
• Foreign-born: 1%

Political lean MEDSL · St. Louis

• 2024 margin: Strong D (+23.4) · D 60.8% · R 37.4% · Other 1.7%
• 2008→2024 swing: +3.5pp toward D · 2008: 19.9pp · 2024: 23.4pp
• All cycles: 2024: D+23.4 2020: D+24.0 2016: D+16.2 2012: D+13.7 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.70%
• Current HPI: 130.6765
• Rent YoY: ▲ 6.59%
• 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

+142.6% since first listed

10 events — show timeline

• 2026-05-15 Listed $84,900 MARIS as Distributed by MLS Grid
• 2022-02-23 Sold (Public Records) $36,770 Public Records
• 2016-03-15 Sold (Public Records) $1,231,000 Public Records
• 2012-07-26 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2012-06-01 Listed $15,000 MARIS as Distributed by MLS Grid
• 2007-09-21 Sold (Public Records) $85,000 Public Records
• 2007-09-21 Sold (Public Records) $85,000 Public Records
• 2003-10-22 Sold (Public Records) $72,900 Public Records
• 1991-10-23 Sold (Public Records) — Public Records
• 1991-07-03 Sold (Public Records) $35,000 Public Records

Property tax history

+6.5%/yr

Latest (2022): $1,177 · +1.0% YoY. Source: county tax records.