1906 S Murphy Ave · Joplin, MO 64804

$100,000

2 bd · 1.0 ba · 1,112 sqft · Other · 4 Days on market

Built 1940 6,250 sqft lot

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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 +28.8/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• Rent growth +5.0/5.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Full brick bungalow with detached oversized garage. Property is being sold 'As-Is'. Home has unfinished partial basement and hardwoods. This property could be a charmer with some work.

Key facts

• 6,250 sq ft lot
• Garage
• Built 1940

Property features AI

Exterior

• Parking: Detached 1-car garage; Additional 1-car detached garage parking
• Utilities: Public sewer
• Home design: Single-family residence (freestanding); Residential property
• Construction: Metal siding, vinyl siding, and brick exterior; Shingle roof
• Exterior features: Deck; Porch; Fenced yard with chain link and privacy fencing; Sloping topography; Lot approximately 50 x 125

Interior

• Bedrooms: 5 total rooms (bedrooms included in room count)
• Flooring: Laminate; Wood
• Bathrooms: 1 full bathroom
• Interior features: Laminate and wood flooring; Gas starter fireplace; Wood-burning fireplace; Unfinished basement

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 10.3% vs local median 5.1% in Joplin — 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 64/100 on livability (#318 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Joplin Schools (urban): math 30% / reading 39% proficiency, ranked #231 of 324 in MO (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Cecil Floyd Elem. (math 28% / reading 33%, grade F, #806 of 1,115 statewide, top 72%, 497 students, 66% FRL); North Middle (math 26% / reading 35%, grade F, #283 of 391 statewide, top 74%, 517 students, 65% FRL).
• Market conditions: Rents rising fast (+15.7%/yr); 353 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 602 units permitted in Jasper County in 2024 (0 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• 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 $100,000

Questions for the listing agent

1. Built in 1940 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.22% ✓
• Cap rate: 10.33%
• Cash-on-cash: 14.43%
• DSCR: 1.64
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 10.0%
• Equity multiple: 1.42×
• Total profit: $11,678
• Equity at exit: $14,910

10-year hold

• IRR: 22.7%
• Equity multiple: 3.40×
• Total profit: $67,078
• Equity at exit: $8,646

Cash invested: $28,000 (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 64804

• Rents YoY: 15.7%
• Active inventory: 353
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,221 high
• Mortgage (P&I): −$524
• Tax from tax record: −$62 /mo · $743/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $337

Break-even live

Break-even rent $795

Max offer price $100,000

Occupancy floor 67%

Sensitivity live

Price	-10% $393	-5% $365	+0% $337	+5% $308	+10% $280
Rent	-10% $240	-5% $289	+0% $337	+5% $385	+10% $433
Rate	-1.0pp $387	-0.5pp $362	base $337	+0.5pp $311	+1.0pp $284

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1907 S Picher Ave Joplin, MO	2.0	1.0	1032	$900	$0.87	21d	1	0.03mi
2012 S Connor Ave Joplin, MO	3.0	2.0	1379	$1,595	$1.16	21d	1	0.19mi
2010 S Moffet Ave Joplin, MO	2.0	1.0	1000	$950	$0.95	21d	1	0.35mi
623 W Junge Blvd Joplin, MO	3.0	2.0	1217	$1,500	$1.23	21d	1	0.52mi
2201 S Pearl Ave Joplin, MO	3.0	2.0	1487	$1,475	$0.99	21d	1	0.55mi
2602 S Moffet Ave Joplin, MO	3.0	2.0	1214	$1,300	$1.07	21d	1	0.68mi
1806 Pennsylvania Ave Joplin, MO	3.0	1.0	1295	$1,050	$0.81	21d	1	0.77mi
2521 S Tyler Ave Joplin, MO	3.0	2.0	1500	$1,700	$1.13	21d	1	0.82mi
2515 S Willard Ave Joplin, MO	3.0	2.0	1500	$1,600	$1.07	21d	1	0.93mi
2830 S Pearl Ave Joplin, MO	2.0	2.0	1000	$1,200	$1.20	21d	1	0.94mi
2019 W 26th St Joplin, MO	2.0	2.0	1000	$1,100	$1.10	21d	1	0.95mi
2002 W 11th St Joplin, MO	3.0	1.0	1200	$1,200	$1.00	21d	1	0.96mi
524 S Moffet Ave Joplin, MO	3.0	1.0	900	$855	$0.95	21d	1	1.10mi
3117 S Wall Ave Joplin, MO	2.0	1.0	944	$1,095	$1.16	21d	1	1.18mi
1715 Wisconsin Ave #2 Joplin, MO	2.0	2.0	1000	$900	$0.90	21d	1	1.34mi
120 /122 S Pearl Ave #122 Joplin, MO	3.0	2.0	1200	$1,250	$1.04	21d	1	1.41mi

Listing history 13 events

1. 2026-06-01
   statusdays on market $100,000 Pending 4 DOM
2. 2026-05-31
   days on market $100,000 Active 3 DOM
3. 2026-05-30
   days on market $100,000 Active 2 DOM
4. 2026-05-26
   listed $100,000 Active
5. 2022-07-07
   soldstatus
6. 2022-07-06
   soldstatus Closed 184-char remark

   Show marketing remark (186 chars)

   Full brick bungalow with detached oversized garage. Property is being sold ''as is''. Home has unfinished partial basement and hardwoods. This property could be a charmer with some work.

7. 2022-07-06
   soldstatus Closed 186-char remark

   Show marketing remark (186 chars)

   Full brick bungalow with detached oversized garage. Property is being sold ''as is''. Home has unfinished partial basement and hardwoods. This property could be a charmer with some work.

8. 2022-06-17
   status Pending 186-char remark

   Show marketing remark (186 chars)

   Full brick bungalow with detached oversized garage. Property is being sold ''as is''. Home has unfinished partial basement and hardwoods. This property could be a charmer with some work.

9. 2022-06-10
   historical 184-char remark

   Show marketing remark (184 chars)

   Full brick bungalow with detached oversized garage. Property is being sold 'As-Is'. Home has unfinished partial basement and hardwoods. This property could be a charmer with some work.

10. 2022-06-06
    listed $70,000 184-char remark

    Show marketing remark (184 chars)

    Full brick bungalow with detached oversized garage. Property is being sold 'As-Is'. Home has unfinished partial basement and hardwoods. This property could be a charmer with some work.

11. 2022-06-03
    listed $70,000 Active 186-char remark

    Show marketing remark (186 chars)

    Full brick bungalow with detached oversized garage. Property is being sold ''as is''. Home has unfinished partial basement and hardwoods. This property could be a charmer with some work.

12. 2011-02-04
    soldstatus
13. 2002-08-15
    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: $743 · $62/mo
• Projected year-2 tax: $970 · $81/mo
• Expected delta: +$227/yr (+$19/mo · 30.6%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,654
• − Mortgage interest: −$5,602
• − Property taxes: −$743
• − Insurance: −$500
• − Repairs & maintenance: −$1,172
• − Management: −$1,172
• − Depreciation: −$2,909
• Taxable income: $2,556
• Est. tax owed @ 24.0%: −$613
• After-tax cash flow: $3,428/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: Joplin Schools
• NCES district ID: 2916350
• Math proficiency: 30% ▼ -3.00%
• Reading proficiency: 39% ▼ -3.00%
• Median HH income: $38,648
• Composite: 28.82/100
• National rank: #6657
• State rank: #231 of 324 in MO

Livability — Joplin

• Score: 64/100
• State rank: #318
• US rank: #14578

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Joplin, MO
• County: Newton County · 37,016 people
• City population: 73,303
• Metro: Joplin, MO
• Population (ZIP): 37,016
• Household income: $62,574
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 1082.0

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 120,033 people
• By 2030: 120,091 · +0.0%
• By 2040: 119,297 · -0.6%
• By 2050: 117,705 · -1.9%
• By 2075: 110,402 · -8.0%
• By 2100: 99,719 · -16.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 9% Hispanic / Latino 6% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 1% Other Indo-European 1% Vietnamese 1%

Political lean MEDSL · Jasper

• 2024 margin: Solid R (+46.8) · D 25.9% · R 72.7% · Other 1.4%
• 2008→2024 swing: -13.6pp toward R · 2008: -33.2pp · 2024: -46.8pp
• All cycles: 2024: R+46.8 2020: R+46.2 2016: R+50.8 2012: R+41.0 2008: R+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -204.80%
• Current HPI: 279.4471
• Rent YoY: ▲ 15.66%
• Metro: Joplin, 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

+42.9% since first listed

10 events — show timeline

• 2026-05-26 Listed $100,000 OGAR
• 2022-07-07 Sold (Public Records) — Public Records
• 2022-07-06 Sold (MLS) — OGAR
• 2022-07-06 Sold (MLS) — SOMO
• 2022-06-17 Pending — OGAR
• 2022-06-10 Delisted — SOMO
• 2022-06-06 Listed $70,000 SOMO
• 2022-06-03 Listed $70,000 OGAR
• 2011-02-04 Sold (Public Records) — Public Records
• 2002-08-15 Sold (Public Records) — Public Records

Property tax history

+2.3%/yr

Latest (2025): $743 · +12.9% YoY. Source: county tax records.