1237 S Brite Ave · Springfield, MO 65807

$175,000

3 bd · 1.5 ba · 1,558 sqft · SingleFamily public records · 49 Days on market

Built 1978 0.34 ac lot $112/sqft · 14% below area Est $204k · 14% under

---

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 +16.1/30.0
• ARV discount +14.0/15.0
• DSCR +5.0/10.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• Rent growth +3.2/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1237 S Brite Ave offers 3 bedrooms, 1.5 baths, 2 living areas, a wood burning fireplace, a formal dining room, & a 2 car garage. The spacious layout provides flexibility for everyday living, entertaining, or creating a separate second living space, office, or hobby area. The formal dining room adds charm & functionality, while the fireplace brings warmth & character to the home. Outside, you will find a large fenced yard, a covered back porch, & a storage shed that adds extra room for tools, lawn equipment, or seasonal items. With a little TLC, this home has the potential to offer instant equity for the next owner. Conveniently located near shopping, dining, schools, parks, & other Springfield amenities, this property would be a great fit for a first time home buyer, someone looking to downsize, or an investor seeking opportunity!

Key facts

• 0.34 acre lot
• 2 garage spots
• Built 1978

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $90 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (14.1% below list).
• Recommended offer: $150k (14.1% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.6% in Springfield — 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 75/100 on livability (#57 in MO, #4,121 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment F.
• Springfield R-XII (urban): math 32% / reading 46% proficiency, ranked #174 of 324 in MO (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.6%/yr); 249 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 1,302 units permitted in Greene County in 2024 (250 in 5+ unit buildings).
• This rent runs 33% of the median local income ($54k/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 $1k of loan paydown is wiped out by about $5k 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 49 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $150,306 (14.1% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — 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. 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: 0.86% ✗
• Cap rate: 6.91%
• Cash-on-cash: 2.21%
• DSCR: 1.10
• GRM: 9.7

CMA / ARV

• ARV (median comp): $204,492
• List price: $175,000
• Delta: -14.42%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3224 W Lombard St	0.43mi	3/2.0	1,360 (-13%)	0mo	$179,900	$132	57
1048 S Overhill Ave	0.32mi	3/2.0	1,394 (-10%)	12mo	$225,900	$162	56
1044 S Overhill Ave	0.33mi	3/2.0	1,394 (-10%)	15mo	$229,900	$165	53
3644 W Page St	0.66mi	3/2.0	1,624 (+4%)	10mo	$260,000	$160	52
3825 W Parkridge Cir	0.71mi	3/2.0	1,452 (-7%)	4mo	$244,000	$168	51
3245 W Lombard St	0.44mi	3/2.0	1,357 (-13%)	6mo	$210,000	$155	50
915 S Oak Park Ave	0.72mi	3/2.0	1,662 (+7%)	4mo	$219,000	$132	50
3240 W Page St	0.50mi	3/2.0	1,375 (-12%)	12mo	$250,000	$182	45
3747 W Lombard St	0.71mi	3/2.0	1,433 (-8%)	14mo	$246,000	$172	40
835 S Suburban Ave	0.62mi	3/2.0	1,334 (-14%)	12mo	$215,000	$161	35
3645 W Page St	0.68mi	3/2.0	1,333 (-14%)	12mo	$230,000	$173	32
1124 S Homewood Ave	0.74mi	3/2.0	1,328 (-15%)	12mo	$184,900	$139	28

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 · 2.6% rent growth · sell at horizon

5-year hold

• IRR: -13.2%
• Equity multiple: 0.53×
• Total profit: $-23,263
• Equity at exit: $26,093

10-year hold

• IRR: -4.9%
• Equity multiple: 0.68×
• Total profit: $-15,503
• Equity at exit: $15,131

Cash invested: $49,000 (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 65807

• Rents YoY: 2.6%
• Active inventory: 249
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,503 high
• Mortgage (P&I): −$918
• Tax from tax record: −$107 /mo · $1,279/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $90

Break-even live

Break-even rent $1,389

Max offer price $175,000

Occupancy floor 89%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1152 S Hillcrest Ave Springfield, MO	3.0	1.5	1240	$1,300	$1.05	44d	1	0.46mi
1365 S Scenic Ave Springfield, MO	3.0	2.0	1328	$1,550	$1.17	13d	1	0.80mi
1623 S Burks Ave Springfield, MO	3.0	2.0	1656	$1,895	$1.14	44d	1	0.94mi
3002 W Elm St Springfield, MO	3.0	2.0	1128	$1,295	$1.15	21d	1	1.06mi
1015 S Meteor Ave Springfield, MO	3.0	2.0	1310	$1,800	$1.37	14d	1	1.08mi
412 S Duke Ave Springfield, MO	3.0	1.0	1400	$1,585	$1.13	13d	1	1.13mi
250 N Hilton Ave Springfield, MO	2.0	2.0	1153	$628	$0.54	13d	1	1.18mi
2412 W Lincoln St Springfield, MO	3.0	1.0	1260	$1,295	$1.03	23d	1	1.43mi
2602 W College St Springfield, MO	2.0	1.0	1350	$995	$0.74	13d	1	1.45mi
1969 S Bryson Cir Unit 1967 Springfield, MO	3.0	2.0	1250	$1,300	$1.04	14d	1	1.45mi

Listing history 12 events

1. 2026-06-07
   statusdays on market $175,000 Pending 49 DOM
2. 2026-06-03
   days on market $175,000 Active 47 DOM
3. 2026-06-02
   days on market $175,000 Active 46 DOM
4. 2026-06-01
   days on market $175,000 Active 45 DOM
5. 2026-06-01
   price $175,000 Active 44 DOM
6. 2026-05-31
   days on market $185,000 Active 44 DOM
7. 2026-05-30
   days on market $185,000 Active 43 DOM
8. 2026-05-15
   price $185,000 869-char remark

   Show marketing remark (869 chars)

   1237 S Brite Ave offers 3 bedrooms, 1.5 baths, 2 living areas, a wood burning fireplace, a formal dining room, & a 2 car garage. The spacious layout provides flexibility for everyday living, entertaining, or creating a separate second living space, office, or hobby area. The formal dining room adds charm & functionality, while the fireplace brings warmth & character to the home. Outside, you will find a large fenced yard, a covered back porch, & a storage shed that adds extra room for tools, lawn equipment, or seasonal items. With a little TLC, this home has the potential to offer instant equity for the next owner. Conveniently located near shopping, dining, schools, parks, & other Springfield amenities, this property would be a great fit for a first time home buyer, someone looking to downsize, or an investor seeking opportunity!

9. 2026-04-17
   listed $190,000 Active 869-char remark

   Show marketing remark (869 chars)

   1237 S Brite Ave offers 3 bedrooms, 1.5 baths, 2 living areas, a wood burning fireplace, a formal dining room, & a 2 car garage. The spacious layout provides flexibility for everyday living, entertaining, or creating a separate second living space, office, or hobby area. The formal dining room adds charm & functionality, while the fireplace brings warmth & character to the home. Outside, you will find a large fenced yard, a covered back porch, & a storage shed that adds extra room for tools, lawn equipment, or seasonal items. With a little TLC, this home has the potential to offer instant equity for the next owner. Conveniently located near shopping, dining, schools, parks, & other Springfield amenities, this property would be a great fit for a first time home buyer, someone looking to downsize, or an investor seeking opportunity!

10. 2018-03-13
    soldstatus
11. 2018-03-12
    soldstatus 149-char remark

    Show marketing remark (149 chars)

    Great find on this 3 Bedroom 1.5 bath 2 car garage with large 2nd living area and formal dining room. Call for a showing today, this won't last long.

12. 2017-10-13
    listed $109,900 149-char remark

    Show marketing remark (149 chars)

    Great find on this 3 Bedroom 1.5 bath 2 car garage with large 2nd living area and formal dining room. Call for a showing today, this won't last long.

ⓘ 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: $1,279 · $107/mo
• Projected year-2 tax: $1,698 · $141/mo
• Expected delta: +$418/yr (+$35/mo · 32.7%)

ⓘ 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 ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,037
• − Mortgage interest: −$9,803
• − Property taxes: −$1,279
• − Insurance: −$875
• − Repairs & maintenance: −$1,443
• − Management: −$1,443
• − Depreciation: −$5,091
• Taxable loss: −$1,897
• Est. tax savings @ 24.0%: +$455
• After-tax cash flow: $1,537/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: Springfield R-XII
• NCES district ID: 2928860
• Math proficiency: 32% ▼ -2.00%
• Reading proficiency: 46% ▼ -3.00%
• Median HH income: $37,886
• Composite: 32.45/100
• National rank: #5717
• State rank: #174 of 324 in MO

Livability — Springfield

• Score: 75/100
• State rank: #57
• US rank: #4121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Greene County · 244,327 people
• City population: 223,044
• Metro: Springfield, MO
• Population (ZIP): 56,659
• Household income: $53,870
• Rent vs Own: 55.5% rent · 44.5% own
• Severe rent burden: 3420.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 8% Hispanic / Latino 7% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 2% Other Asian/Pacific 1% Arabic 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: ▼ -205.97%
• Current HPI: 210.4358
• Rent YoY: ▲ 2.60%
• 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

+68.3% since first listed

5 events — show timeline

• 2026-05-15 Price Changed $185,000 SOMO
• 2026-04-17 Listed $190,000 SOMO
• 2018-03-13 Sold (Public Records) — Public Records
• 2018-03-12 Sold (MLS) — SOMO
• 2017-10-13 Listed $109,900 SOMO

Property tax history

+3.5%/yr

Latest (2025): $1,279 · +15.0% YoY. Source: county tax records.