437 S Sherwood Ave · Republic, MO 65738

$229,900

3 bd · 2.0 ba · 1,470 sqft · SingleFamily public records · 18 Days on market

Built 1999 8,276 sqft lot Est $254k · 10% under

---

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 +12.6/30.0
• ARV discount +11.8/15.0
• Schools +4.8/10.0
• DSCR +3.8/10.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 3 Bedroom 2 bath home with attached 2 car garage in a quiet neighborhood. There are so many great features and extras you better look quick or it will be gone at this price. The open living, dining, kitchen has lots of lighting, vaulted ceiling, and is a great space for family time. The living features a fireplace, vaulted ceiling, & beautiful wood laminate flooring. The Kitchen/dining windows overlook the new back deck and privacy fenced back yard. The kitchen is equipped with nice cabinets & countertops, double sinks, electric range, micro-rangehood, disposal, dishwasher, in addition to the large pantry closet just off the kitchen. The Large master has tray ceiling in bedroom. The large master bath with his and her walk-in closets, a separate pantry closet, double sink vanity, tub/shower combo & lots of space to get ready for your day. There are 2 additional bedrooms with nice closet space. The Laundry room is nice sized with built in storage & hanging rack making straight from the dryer to the hanger much easier. This one has a beautiful large back yard with wood privacy fence and a nearly new deck for the kids and entertaining this summer. The sellers have replaced and upgraded many features over the past few years including new vinyl siding, roof, deck, guttering & downspouts, granite countertop/sink in main bath just to name a few so the expensive things are done for you on this one. This home is located in a great neighborhood, has good school system, and is priced to sell.

Key facts

• Scenic trails
• Large pantry
• Historic landmarks

Tags

• OPEN LIVING DINING KITCHEN
• LARGE PANTRY
• FULLY FENCED BACK YARD
• QUIET NEIGHBORHOOD SETTING
• SCENIC TRAILS
• HISTORIC LANDMARKS

Property features AI

Exterior

• Parking: 2-car garage; Driveway; On-street parking; Garage faces the front
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level
• Construction: Vinyl siding; Composition roof; Built with conventional foundation
• Exterior features: Covered front porch; Deck; Rain gutters; Fenced yard with full wood privacy fencing; Has a view

Interior

• Kitchen: Electric oven; Free-standing electric oven; Gas water heater; Dishwasher; Microwave; Garbage disposal
• Flooring: Carpet; Tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (forced air, natural gas); Central air conditioning; Ceiling fan(s)
• Interior features: Pantry; Tray ceiling(s); Vaulted ceiling(s); Granite counters; Laminate counters; Insulated double-pane windows; Fireplace in the living room (gas)
• Laundry & utility: Laundry located in the garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-29 ($-353/yr) — negative.
• To cash-flow at today's rent, offer at most $225k (2.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (21.9% below list).
• Recommended offer: $180k (21.9% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.0% in Republic — 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 72/100 on livability (#92 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Republic R-III (suburban): math 56% / reading 57% proficiency, ranked #19 of 324 in MO (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Mcculloch Elementary (math 52% / reading 52%, grade C-, #231 of 1,115 statewide, top 24%, 454 students, 34% FRL); Republic Middle (math 50% / reading 53%, grade C, #57 of 391 statewide, top 15%, 1,146 students, 39% FRL); Republic High (math 56% / reading 60%, grade C, #48 of 521 statewide, top 9%, 1,542 students, 31% FRL) — zoned schools at 35% FRL track the district average.
• Market conditions: Rents rising (+3.6%/yr); 480 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,302 units permitted in Greene County in 2024 (250 in 5+ unit buildings).
• This rent runs 32% of the median local income ($68k/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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,550 (21.9% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.78% ✗
• Cap rate: 6.14%
• Cash-on-cash: -0.55%
• DSCR: 0.98
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $254,310
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1962 E Foxridge Trl	0.11mi	3/2.0	1,290 (-12%)	8mo	$245,000	$190	68
218 S Allen Ave	0.48mi	3/2.0	1,387 (-6%)	2mo	$210,000	$151	67
1746 E Timber Ln	0.17mi	3/2.0	1,660 (+13%)	4mo	$300,000	$181	67
111 N Elmwood Ave	0.45mi	4/2.0 (+1)	1,467 (-0%)	9mo	$239,900	$164	66
2101 E Lee St	0.70mi	3/2.0	1,506 (+2%)	8mo	$259,900	$173	57
1228 E Ritter St	0.47mi	3/2.0	1,631 (+11%)	5mo	$329,900	$202	55
2321 E Lee St	0.74mi	3/2.0	1,404 (-4%)	4mo	$235,000	$167	55
1604 E Lee St	0.70mi	3/2.0	1,558 (+6%)	4mo	$245,000	$157	54
1448 E Lee St	0.73mi	3/2.0	1,611 (+10%)	5mo	$262,000	$163	46
1714 E Lee St	0.67mi	3/2.0	1,296 (-12%)	6mo	$209,900	$162	44
1792 E New Madrid Dr	0.68mi	3/2.0	1,654 (+12%)	8mo	$335,000	$203	41
1777 E Chickamauga Dr	0.71mi	4/2.0 (+1)	1,673 (+14%)	2mo	$350,000	$209	37

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 · 3.61% rent growth · sell at horizon

5-year hold

• IRR: -16.6%
• Equity multiple: 0.41×
• Total profit: $-38,076
• Equity at exit: $34,279

10-year hold

• IRR: -7.5%
• Equity multiple: 0.52×
• Total profit: $-31,201
• Equity at exit: $19,878

Cash invested: $64,372 (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 65738

• Home prices YoY: -32.2%
• Rents YoY: 3.6%
• Active inventory: 480
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,796 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$146 /mo · $1,757/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $-29

Break-even live

Break-even rent $1,833

Max offer price $224,710

Occupancy floor 97%

Sensitivity live

Price	-10% $101	-5% $36	+0% $-29	+5% $-94	+10% $-160
Rent	-10% $-171	-5% $-100	+0% $-29	+5% $42	+10% $112
Rate	-1.0pp $86	-0.5pp $29	base $-29	+0.5pp $-89	+1.0pp $-150

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 S Basswood Ave Republic, MO	3.0	1.0	1060	$1,250	$1.18	45d	1	0.36mi
109 N Allen Ave Republic, MO	3.0	1.0	1141	$1,295	$1.13	45d	1	0.61mi
625 Turner Ave Republic, MO	2.0–3.0	2.5	1609	$1,895	$1.18	15d	6	0.90mi
1605 E Hines St Republic, MO	1.0–2.0	1.0–2.0	840	$1,060	$1.26	15d	10	0.92mi
644 N Cox Ave Republic, MO	3.0	2.0	1375	$1,595	$1.16	45d	1	0.94mi
1450 S Olde Savannah Ave Republic, MO	4.0	2.0	1539	$2,400	$1.56	15d	1	0.95mi
1740 E Hamilton St Republic, MO	1.0–3.0	1.0–2.0	1110	$1,395	$1.26	45d	7	0.97mi
810 N Oakwood Ave Republic, MO	2.0–3.0	2.0	1239	$924	$0.75	15d	4	1.09mi
923 N Blake AVE Republic, MO	2.0	2.0	1400	$2,300	$1.64	45d	1	1.19mi
922 N Blake Ave Republic, MO	2.0	2.0	1400	$2,300	$1.64	45d	1	1.19mi
929 N Blake Ave Republic, MO	2.0	2.0	1400	$2,300	$1.64	45d	1	1.20mi
928 N Blake Ave Republic, MO	2.0	2.0	1400	$2,300	$1.64	45d	1	1.20mi
937 N Blake Ave Republic, MO	2.0	2.0	1400	$2,300	$1.64	45d	1	1.21mi
2488 Timber Oak St Republic, MO	4.0	2.0	1550	$1,895	$1.22	45d	1	1.25mi
1031 N Blake Ave Republic, MO	2.0	2.0	1400	$2,300	$1.64	45d	1	1.31mi
1090 N Northwood Ave Republic, MO	3.0	2.0	1321	$1,200	$0.91	15d	1	1.41mi

Listing history 17 events

1. 2026-06-13
   status $229,900 Pending 18 DOM
2. 2026-06-10
   days on market $229,900 Active 18 DOM
3. 2026-06-09
   days on market $229,900 Active 17 DOM
4. 2026-06-09
   price $229,900 Active 16 DOM
5. 2026-06-08
   days on market $230,000 Active 16 DOM
6. 2026-06-07
   days on market $230,000 Active 15 DOM
7. 2026-06-05
   days on market $230,000 Active 12 DOM
8. 2026-06-03
   days on market $230,000 Active 11 DOM
9. 2026-06-02
   days on market $230,000 Active 10 DOM
10. 2026-06-01
    days on market $230,000 Active 9 DOM
11. 2026-05-31
    days on market $230,000 Active 8 DOM
12. 2026-05-30
    days on market $230,000 Active 7 DOM
13. 2026-05-23
    listed $230,000 Active
14. 2020-05-07
    soldstatus
15. 2020-05-06
    soldstatus 1544-char remark

    Show marketing remark (1544 chars)

    Beautiful 3 Bedroom 2 bath home with attached 2 car garage in a quiet neighborhood. There are so many great features and extras you better look quick or it will be gone at this price. The open living, dining, kitchen has lots of lighting, vaulted ceiling, and is a great space for family time. The living features a fireplace, vaulted ceiling, & beautiful wood laminate flooring. The Kitchen/dining windows overlook the new back deck and privacy fenced back yard. The kitchen is equipped with nice cabinets & countertops, double sinks, electric range, micro-rangehood, disposal, dishwasher, in addition to the large pantry closet just off the kitchen. The Large master has tray ceiling in bedroom. The large master bath with his and her walk-in closets, a separate pantry closet, double sink vanity, tub/shower combo & lots of space to get ready for your day. There are 2 additional bedrooms with nice closet space. The Laundry room is nice sized with built in storage & hanging rack making straight from the dryer to the hanger much easier. This one has a beautiful large back yard with wood privacy fence and a nearly new deck for the kids and entertaining this summer. The sellers have replaced and upgraded many features over the past few years including new vinyl siding, roof, deck, guttering & downspouts, granite countertop/sink in main bath just to name a few so the expensive things are done for you on this one. This home is located in a great neighborhood, has good school system, and is priced to sell.

16. 2020-03-10
    listed $149,900 1544-char remark

    Show marketing remark (1544 chars)

    Beautiful 3 Bedroom 2 bath home with attached 2 car garage in a quiet neighborhood. There are so many great features and extras you better look quick or it will be gone at this price. The open living, dining, kitchen has lots of lighting, vaulted ceiling, and is a great space for family time. The living features a fireplace, vaulted ceiling, & beautiful wood laminate flooring. The Kitchen/dining windows overlook the new back deck and privacy fenced back yard. The kitchen is equipped with nice cabinets & countertops, double sinks, electric range, micro-rangehood, disposal, dishwasher, in addition to the large pantry closet just off the kitchen. The Large master has tray ceiling in bedroom. The large master bath with his and her walk-in closets, a separate pantry closet, double sink vanity, tub/shower combo & lots of space to get ready for your day. There are 2 additional bedrooms with nice closet space. The Laundry room is nice sized with built in storage & hanging rack making straight from the dryer to the hanger much easier. This one has a beautiful large back yard with wood privacy fence and a nearly new deck for the kids and entertaining this summer. The sellers have replaced and upgraded many features over the past few years including new vinyl siding, roof, deck, guttering & downspouts, granite countertop/sink in main bath just to name a few so the expensive things are done for you on this one. This home is located in a great neighborhood, has good school system, and is priced to sell.

17. 2006-02-27
    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: $1,757 · $146/mo
• Projected year-2 tax: $2,230 · $186/mo
• Expected delta: +$473/yr (+$39/mo · 26.9%)

ⓘ 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 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $21,546
• − Mortgage interest: −$12,878
• − Property taxes: −$1,757
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,724
• − Management: −$1,724
• − Depreciation: −$6,688
• Taxable loss: −$4,374
• Est. tax savings @ 24.0%: +$1,050
• After-tax cash flow: $697/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: Republic R-III
• NCES district ID: 2926220
• Math proficiency: 56% ▲ 2.00%
• Reading proficiency: 57% ▼ -1.00%
• Median HH income: $51,329
• Composite: 48.3/100
• National rank: #2152
• State rank: #19 of 324 in MO

Livability — Republic

• Score: 72/100
• State rank: #92
• US rank: #6228

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Republic, MO
• County: Greene County · 244,327 people
• City population: 21,283
• Metro: Springfield, MO
• Population (ZIP): 21,283
• Household income: $67,841
• Rent vs Own: 33.8% rent · 66.2% own
• Severe rent burden: 461.0

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 (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 3% Black 1%
• Common ancestry: Italian 2% Lithuanian 2% Portuguese 2%
• Foreign-born: 1% · Canada, China
• Languages at home: 98% English-only · Spanish 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: ▼ -102.93%
• Current HPI: 217.1512
• Rent YoY: ▲ 3.61%
• 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

+53.4% since first listed

5 events — show timeline

• 2026-05-23 Listed $230,000 SOMO
• 2020-05-07 Sold (Public Records) — Public Records
• 2020-05-06 Sold (MLS) — SOMO
• 2020-03-10 Listed $149,900 SOMO
• 2006-02-27 Sold (Public Records) — Public Records

Property tax history

+4.7%/yr

Latest (2025): $1,757 · +10.1% YoY. Source: county tax records.