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4916 - 4918 Winona Ave Fourplex
B- Composite 68.8
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 +27.2/30.0
  • ARV discount +15.0/15.0
  • DSCR +9.5/10.0
  • 1% rule +7.4/10.0
  • Condition / age +3.8/5.0
  • Rent growth +2.5/5.0
  • Livability +2.5/5.0
  • Schools +1.0/10.0
  • Appreciation +0.0/10.0

$299,000

4916 - 4918 Winona Ave · St. Louis, MO 63109
16 bd · 16.0 ba · 2,788 sqft · MultiFamily · 44 Days on market
Built 1925 Good condition 5,336 sqft lot $107/sqft · 18% below area Est $366k · 18% under ↓ 9% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 4 units. confirmed

Listing remarks

Stunning Northampton 4 Family – Prime South City Investment Opportunity in the Heart of Northampton! Discover the perfect addition to your portfolio with this classic 4-unit brick building blending Colonial and Tudor architectural influences, this 1920s gem offers 2,788 square feet of living space across four well-proportioned 1-bedroom, 1-bathroom units. Property Highlights include: 1 unit is currently rented at $550/month with a long time tenant, (month to month no lease) 2 units renovated and ready to be rented out, (1 with passed occupancy) and only 1 unit ready to be updated in your own style, offering cash flow with significant upside potential to meet current market rates.

Key facts

  • Central air
  • 5,336 sq ft lot
  • Built 1925

Tags

CLASSIC 4-UNIT BRICK BUILDING2 UNITS RENOVATED AND RENTED2 UNITS READY TO BE UPDATEDALL-BRICK CONSTRUCTIONCENTRAL AIRFORCED-AIR NATURAL GAS HEATING

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4 × 1-bed/1-bath units multifamily listed at $299k. Condition is rated good.
  • This rent per unit is only 16% of the median local income ($70k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Deal economics

  • At list price, monthly cash flow is $857 ($10k/yr) — positive. Per door: $214/mo.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($4k rent vs $299k).
  • Recommended offer: $290k (3.0% below list) — sets the bar for market timing.
  • Cap rate 9.7% vs local median 4.9% in St. Louis — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
  • St. Louis City (urban): math 10% / reading 18% proficiency, ranked #312 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Buder Elem. (math 12% / reading 22%, grade F, #967 of 1,115 statewide, top 88%, 403 students, 99% FRL); Gateway Middle (math 0% / reading 8%, grade F, #389 of 391 statewide, top 100%, 506 students, 99% FRL); Roosevelt High (math 2% / reading 8%, grade F, #517 of 521 statewide, top 100%, 460 students, 99% FRL) — zoned schools average 99% FRL vs 80% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: 220 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 71d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 86% of comp listings sitting > 30 days — soft ceiling on asking rent; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
  • St. Louis County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
  • At projected returns (-3.0% appreciation + 3.0% rent growth), your $84k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 44 days — a 3% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts 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 1925 — 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 $290,030 (3.0% below list)

Questions for the listing agent

  1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
  3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
  4. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.24%
Cap rate
9.73%
Cash-on-cash
12.28%
DSCR
1.55
GRM
6.7

CMA / ARV

ARV (median comp)
$365,611
List price
$299,000
Delta
-17.97%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
5018 Pernod 0.33mi 16/16.0 3,500 (+26%) 9mo $395,000 $113 52
4004 Keokuk Unit 4004/4006 1.12mi 16/16.0 2,580 (-8%) 11mo $180,000 $70 44
5401 Walsh St 0.74mi 16/16.0 3,332 (+20%) 8mo $409,900 $123 34
3914 Watson Rd 1.44mi 16/16.0 3,384 (+21%) 10mo $450,000 $133 32
2707 Dalton Ave 1.49mi 15/9.0 (-1) 3,096 (+11%) 2mo $549,000 $177 25
4251 Tholozan 0.77mi 14/7.0 (-2) 3,328 (+19%) 14mo $425,000 $128 8

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 · 3.0% rent growth · sell at horizon

5-year hold
IRR
1.9%
Equity multiple
1.07×
Total profit
$6,167
Equity at exit
$44,582
10-year hold
IRR
11.5%
Equity multiple
1.91×
Total profit
$75,855
Equity at exit
$25,852

Cash invested: $83,720 (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.

Active competition Active MLS

For sale now
8 active · 4 under contract
Median asking
$397,000 ($124/sqft)
Median days on market
33 d
This list price
lowest-priced of the active set
ARV vs active asking
+5.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 63109

Active inventory
220
Price-to-rent
26.9×

Monthly cashflow live

Estimated rent
$3,700 high interval (Pro) →
Mortgage (P&I)
$1,568
Tax est. 1.5%
$374 /mo · $4,485/yr
Insurance
$125
HOA
$0
Vacancy / Maint / Mgmt
$777
Net cashflow
$857

4-unit breakdown (identical units grouped — click to expand)

UnitsBedsBathsEst. rent
Total (4 units) $3,700

Break-even live

Break-even rent $2,616
Max offer price $299,000
Occupancy floor 72%

Sensitivity live

Price -10% $1,063 -5% $960 +0% $857 +5% $753 +10% $650
Rent -10% $564 -5% $711 +0% $857 +5% $1,003 +10% $1,149
Rate -1.0pp $1,007 -0.5pp $933 base $857 +0.5pp $779 +1.0pp $700

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
$74,750
Closing costs
$8,970
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
4909 Winona Ave Unit 2w St. Louis, MO 1.0 1.0 700 $800 $1.14 93d 1 0.03mi
4215 Lawn Ave Unit 2S St. Louis, MO 1.0 350 $600 $1.71 93d 1 0.07mi
4909 Lindenwood Ave Apt 209 St. Louis, MO 1.0 1.0 458 $950 $2.07 42d 1 0.14mi
4909 Lindenwood Ave Apt 102 St. Louis, MO 1.0 1.0 574 $1,095 $1.91 93d 1 0.14mi
3918 Hereford St Unit 3918 2N 341 St. Louis, MO 1.0 450 $750 $1.67 67d 1 0.15mi
3915 Hereford St Unit 3915 2N 728 St. Louis, MO 1.0 440 $795 $1.81 18d 1 0.16mi
5026 Chippewa St Unit A St. Louis, MO 1.0 1.0 715 $750 $1.05 13d 1 0.17mi
5000 Lindenwood Ave Unit 5002 Lindenwood 1FL St. Louis, MO 1.0 1.0 750 $850 $1.13 57d 1 0.17mi
5000 Lindenwood Ave Unit 5000 Lindenwood 1FL St. Louis, MO 1.0 1.0 750 $850 $1.13 73d 1 0.17mi
5028 Chippewa St Unit A St. Louis, MO 1.0 1.0 714 $750 $1.05 13d 1 0.18mi
5028 Chippewa St Unit A St. Louis, MO 1.0 1.0 714 $825 $1.16 73d 1 0.18mi
4500 S Kingshighway Blvd Unit 02 1002 St. Louis, MO 1.0 1.0 520 $1,195 $2.30 22d 1 0.18mi
5044 Lindenwood Ave Unit 5044 St. Louis, MO 1.0 1.0 728 $950 $1.30 93d 1 0.24mi
5046 Lindenwood Ave Unit 5046 St. Louis, MO 1.0 1.0 728 $950 $1.30 93d 1 0.24mi
3706 Hereford St Unit 1s St. Louis, MO 1.0 1.0 750 $775 $1.03 42d 1 0.27mi
3706 Hereford St Unit 2s St. Louis, MO 1.0 1.0 750 $795 $1.06 42d 1 0.27mi
3705 Hereford St Apt 1N St. Louis, MO 1.0 500 $650 $1.30 71d 1 0.28mi
5001 Tholozan Ave Unit 2E St. Louis, MO 1.0 1.0 700 $950 $1.36 57d 1 0.31mi
5042 Pernod Ave Unit 1F St. Louis, MO 1.0 1.0 717 $900 $1.26 67d 1 0.36mi
5042 Pernod Ave Unit 2F St. Louis, MO 1.0 717 $800 $1.12 57d 1 0.36mi
5042 Pernod Ave Saint Louis, MO 1.0 1.0 717 $800 $1.12 53d 1 0.36mi
3537 S Kingshighway Blvd Unit 12 St. Louis, MO 1.0 560 $1,095 $1.96 93d 1 0.37mi
3537 S Kingshighway Blvd Unit 06-6 St. Louis, MO 1.0 565 $895 $1.58 93d 1 0.37mi
4407 Chippewa St Unit C St. Louis, MO 1.0 1.0 400 $795 $1.99 73d 1 0.43mi
5335 Bancroft Ave Apt 2E St. Louis, MO 1.0 1.0 697 $950 $1.36 73d 1 0.43mi
5335 Bancroft Ave Apt 2W St. Louis, MO 1.0 1.0 697 $850 $1.22 57d 1 0.43mi
5000 Oleatha Ave #5002 St. Louis, MO 1.0 1.0 716 $1,095 $1.53 24d 1 0.44mi
4381 Chippewa St Unit B St. Louis, MO 1.0 1.0 400 $600 $1.50 93d 1 0.45mi
4377 Chippewa St Unit G St. Louis, MO 1.0 1.0 400 $600 $1.50 93d 1 0.46mi
4446 Itaska St Saint Louis, MO 2.0 1.0 732 $1,195 $1.63 48d 1 0.46mi
4902 Itaska St Unit 25 St. Louis, MO 1.0 1.0 500 $740 $1.48 22d 1 0.49mi
4917 Potomac St St. Louis, MO 1.0 1.0 431 $745 $1.73 29d 1 0.51mi
4917 Potomac St St. Louis, MO 1.0 1.0 431 $745 $1.73 22d 1 0.51mi
4917 Potomac St St. Louis, MO 1.0 1.0 431 $745 $1.73 24d 1 0.51mi
4915 Potomac St St. Louis, MO 1.0 1.0 431 $725 $1.68 93d 1 0.51mi
4341 Morganford Rd Saint Louis, MO 1.0 1.0 750 $799 $1.07 93d 1 0.55mi
4321 Morgan Ford Rd Unit 7 St. Louis, MO 1.0 1.0 750 $699 $0.93 27d 1 0.55mi
4321 Morganford Rd Saint Louis, MO 1.0 1.0 675 $649 $0.96 23d 2 0.55mi
4448 Oleatha Ave St. Louis, MO 1.0 1.0 720 $950 $1.32 69d 1 0.56mi
3737 Morgan Ford Rd Unit D St. Louis, MO 1.0 1.0 700 $695 $0.99 39d 1 0.59mi

Property features AI

Finance

Other
No poolLiving area reported as 2,788 (source: public records)
Financial info
Gross income reported at $28,800Owner pays insurance, sewer, taxes, trash and waterThree of four units currently leased
HOA & community
No HOA information provided

Exterior

Parking
Parking lot (no covered carport spaces)
Utilities
Public waterSewer connectedElectricity connected (Ameren)Natural gas connected
Home design
Residential income property (2–4 units)QuadruplexTwo levelsPrivate ownershipProperty listed as fixer and updated/remodeled
Construction
Brick constructionStone foundation
Exterior features
Parking lotLot size about 0.1225 acres

Interior

Kitchen
No kitchen appliance list provided
Bedrooms
Four 1-bedroom units
Bathrooms
Each unit has 1 bathroom
Heating & cooling
Forced air heating (natural gas)Central air conditioningCeiling fans
Interior features
Gas water heaterCommon area accessibility
Laundry & utility
Laundry in basement

Listing history 44 events

  1. 2026-08-08
    days on market $299,000 Active 44 DOM
  2. 2026-08-07
    days on market $299,000 Active 43 DOM
  3. 2026-08-06
    days on market $299,000 Active 42 DOM
  4. 2026-08-05
    days on market $299,000 Active 41 DOM
  5. 2026-08-04
    days on market $299,000 Active 40 DOM
  6. 2026-08-03
    days on market $299,000 Active 39 DOM
  7. 2026-07-31
    days on market $299,000 Active 36 DOM
  8. 2026-07-30
    days on market $299,000 Active 35 DOM
  9. 2026-07-30
    days on market $299,000 Active 34 DOM
  10. 2026-07-28
    days on market $299,000 Active 33 DOM
  11. 2026-07-26
    days on market $299,000 Active 31 DOM
  12. 2026-07-24
    days on market $299,000 Active 29 DOM
  13. 2026-07-23
    days on market $299,000 Active 28 DOM
  14. 2026-07-22
    days on market $299,000 Active 27 DOM
  15. 2026-07-21
    days on market $299,000 Active 26 DOM
  16. 2026-07-20
    days on market $299,000 Active 25 DOM
  17. 2026-07-18
    days on market $299,000 Active 23 DOM
  18. 2026-07-18
    days on market $299,000 Active 22 DOM
  19. 2026-07-16
    days on market $299,000 Active 21 DOM
  20. 2026-07-15
    days on market $299,000 Active 20 DOM
  21. 2026-07-14
    days on market $299,000 Active 19 DOM
  22. 2026-07-13
    days on market $299,000 Active 18 DOM
  23. 2026-07-13
    days on market $299,000 Active 17 DOM
  24. 2026-07-11
    days on market $299,000 Active 16 DOM
  25. 2026-07-10
    days on market $299,000 Active 15 DOM
  26. 2026-07-09
    days on market $299,000 Active 14 DOM
  27. 2026-07-07
    days on market $299,000 Active 12 DOM
  28. 2026-07-06
    days on market $299,000 Active 11 DOM
  29. 2026-07-05
    days on market $299,000 Active 10 DOM
  30. 2026-07-03
    days on market $299,000 Active 8 DOM
  31. 2026-07-02
    days on market $299,000 Active 7 DOM
  32. 2026-07-01
    days on market $299,000 Active 6 DOM
  33. 2026-06-30
    days on market $299,000 Active 5 DOM
  34. 2026-06-29
    days on market $299,000 Active 4 DOM
  35. 2026-06-28
    days on market $299,000 Active 3 DOM
  36. 2026-06-27
    days on market $299,000 Active 2 DOM
  37. 2026-06-26
    pricestatusdays on marketlisting id $299,000 Active 1 DOM
  38. 2026-04-24
    price $299,900
  39. 2026-04-15
    listed $329,900 Active
  40. 2026-04-13
    historical
  41. 2026-04-13
    listed $329,900 Active
  42. 2026-04-10
    historical
  43. 2026-04-10
    listed $329,900 Active
  44. 2026-04-09
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$44,400
− Mortgage interest
−$16,749
− Property taxes
−$4,485
− Insurance
−$1,495
− Repairs & maintenance
−$3,552
− Management
−$3,552
− Depreciation
−$8,698
Taxable income
$5,869
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,409
After-tax cash flow
$8,872/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab Est. rehab $13,940–$41,820 screening

This multi-family property is in good condition with a good exterior and interior. It has a good layout and is ready for rental or resale with minor updates to the exterior and interior.

Value-add opportunities

  • Both Painting the exterior and interior walls — Painting can enhance the curb appeal and interior aesthetics, making the property more attractive to potential buyers and renters.
  • Both Upgrading the kitchen appliances — Upgrading the kitchen appliances can increase the property's value and attract more renters and buyers.
  • Both Landscaping improvements — Landscaping improvements can enhance the curb appeal and make the property more attractive to potential buyers and renters.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 10/100

Zoned Schools

Elementary Buder Elem. F MO #967/1,115 Nat'l #35,191/41,679 Middle Long Middle Community Ed. Ctr. F MO #378/391 Nat'l #13,582/14,009 High Roosevelt High F MO #517/521 Nat'l #16,861/17,239

Schools (NCES district)

District
St. Louis City
NCES district ID
2929280
Math proficiency
10% ▼ -6.00%
Reading proficiency
18% ▼ -3.00%
Median HH income
$35,685
Composite
11.54/100
National rank
#9699
State rank
#312 of 324 in MO

Livability — St. Louis

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

Census place
St. Louis, MO
County
Saint Louis City · 315,737 people
City population
283,259
Metro
St. Louis, MO-IL
Population (ZIP)
25,236
Household income
$69,938
Rent vs Own
39.1% rent · 60.9% own
Severe rent burden
8% of renters

Population outlook (St. Louis County) Hauer SSP2

Today (2025)
315,737 people
By 2030
313,865 · -0.6%
By 2040
305,439 · -3.3%
By 2050
296,529 · -6.1%
By 2075
271,028 · -14.2%
By 2100
255,359 · -19.1%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (87%)
Race & ethnicity
White 87% Black 6% Two or more races 3% Hispanic / Latino 3% Asian 1%
Common ancestry
Romanian 3% Lithuanian 3% Slovak 2%
Foreign-born
4% · Canada
Languages at home
94% English-only · Other Indo-European 2% Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · St. Louis

2024 margin
Solid D (+64.7) · D 81.4% · R 16.7% · Other 2.0%
2008→2024 swing
-3.5pp toward R · 2008: 68.2pp · 2024: 64.7pp
All cycles
2024: D+64.7 2020: D+66.2 2016: D+63.7 2012: D+66.6 2008: D+68.2

Not yet ingested

Civics

Price history

-9.4% since first listed
8 events — show timeline
  • 2026-06-25 Listed $299,000 MARIS as Distributed by MLS Grid
  • 2026-04-24 Price Changed $299,900 MARIS as Distributed by MLS Grid
  • 2026-04-15 Listed $329,900 MARIS as Distributed by MLS Grid
  • 2026-04-13 Coming Soon MARIS as Distributed by MLS Grid
  • 2026-04-13 Listed $329,900 MARIS as Distributed by MLS Grid
  • 2026-04-10 Coming Soon MARIS as Distributed by MLS Grid
  • 2026-04-10 Listed $329,900 MARIS as Distributed by MLS Grid
  • 2026-04-09 Coming Soon MARIS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…