7148 Alabama Ave · St. Louis, MO 63111

$80,000

1 bd · 1.0 ba · 768 sqft · SingleFamily public records · 1 Days on market

Built 1911 2,966 sqft lot $104/sqft · 35% below area Est $122k · 35% under ↓ 8% since listing

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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 +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.5/10.0
• Rent growth +3.3/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable, convenient, and full of potential! Charming 1-bedroom, 1-bath home with a full unfinished basement offering future potential. Features a privacy-fenced backyard perfect for relaxing or pets. Conveniently located near the interstate with quick access to shopping and restaurants. City occupancy has already been completed. Great opportunity for a first-time buyer, someone looking to downsize, or an investor wanting to add to their portfolio. Buyers and buyer's agents to verify everything, including but not limited to taxes, measurements, and schools.

Key facts

• 2,966 sq ft lot
• Built 1911

Tags

• PRIVACY-FENCED BACKYARD
• FULL UNFINISHED BASEMENT
• QUICK ACCESS TO SHOPPING
• QUICK ACCESS TO RESTAURANTS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $218 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($917 rent vs $80k).
• Cap rate 9.6% vs local median 5.0% 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.
• Market conditions: Rents rising (+3.3%/yr); 125 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); 48% 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 $553 of loan paydown is wiped out by about $2k 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 + 3.3% rent growth), your $22k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1911 — 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 $80,000

Questions for the listing agent

1. Built in 1911 — 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. 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.
4. 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.
5. 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: 1.15% ✓
• Cap rate: 9.56%
• Cash-on-cash: 11.67%
• DSCR: 1.52
• GRM: 7.3

CMA / ARV

• ARV (median comp): $122,228
• List price: $80,000
• Delta: -34.55%
• 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
7320 Eugene Ave	0.46mi	1/1.0	762 (-1%)	2mo	$135,000	$177	75
217 W Schirmer St	0.39mi	2/1.0 (+1)	777 (+1%)	10mo	$59,900	$77	67
3624 Steins St	0.47mi	2/1.0 (+1)	780 (+2%)	8mo	$150,000	$192	64
125 Koeln Ave	0.35mi	2/1.0 (+1)	833 (+8%)	2mo	$110,000	$132	63
3749 Roswell Ave	0.57mi	2/1.0 (+1)	768 (0%)	8mo	$147,000	$191	62
3638 Koeln Ave	0.46mi	2/1.0 (+1)	805 (+5%)	9mo	$140,000	$174	58
925 Iron	0.65mi	2/1.0 (+1)	714 (-7%)	0mo	$130,000	$182	52
6608 Idaho Ave	0.42mi	2/1.0 (+1)	858 (+12%)	8mo	$44,900	$52	50
7923 Water St	0.64mi	2/1.0 (+1)	688 (-10%)	1mo	$99,000	$144	47
6127 Alaska Ave	0.72mi	2/1.0 (+1)	864 (+12%)	0mo	$94,900	$110	40
6135 Idaho Ave	0.70mi	2/1.0 (+1)	875 (+14%)	4mo	$44,130	$50	36
6209 Idaho Ave	0.65mi	2/2.0 (+1)	865 (+13%)	10mo	$149,000	$172	31

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 · 3.27% rent growth · sell at horizon

5-year hold

• IRR: 1.3%
• Equity multiple: 1.05×
• Total profit: $1,142
• Equity at exit: $11,928

10-year hold

• IRR: 11.2%
• Equity multiple: 1.89×
• Total profit: $19,826
• Equity at exit: $6,917

Cash invested: $22,400 (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 63111

• Rents YoY: 3.3%
• Active inventory: 125
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $917 high
• Mortgage (P&I): −$420
• Tax from tax record: −$54 /mo · $645/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$193
• Net cashflow: $218

Break-even live

Break-even rent $641

Max offer price $80,000

Occupancy floor 71%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7320 Vermont Ave Unit 2nd St. Louis, MO	1.0	1.0	710	$750	$1.06	43d	1	0.11mi
7417 Vermont Ave St. Louis, MO	1.0–2.0	1.0–2.0	1144	$997	$0.87	1d	8	0.17mi
7417 Vermont Ave Unit 103 St. Louis, MO	2.0	2.0	1069	$1,500	$1.40	14d	1	0.18mi
7614 Virginia Ave Unit 7614 St. Louis, MO	2.0	1.0	750	$750	$1.00	23d	1	0.33mi
7024 Pennsylvania Ave Unit F St. Louis, MO	2.0	1.0	1081	$930	$0.86	16d	1	0.34mi
125 Koeln Ave Saint Louis, MO	2.0	1.0	833	$1,499	$1.80	43d	1	0.38mi
812 Schirmer St Saint Louis, MO	1.0	1.0	900	$795	$0.88	43d	1	0.40mi
807 W Courtois St Apt B St. Louis, MO	1.0	1.0	600	$735	$1.23	43d	1	0.42mi
813 W Courtois St Apt C St. Louis, MO	2.0	1.0	1000	$895	$0.90	43d	1	0.42mi
807 W Courtois St Apt D St. Louis, MO	2.0	1.0	900	$925	$1.03	43d	1	0.42mi
815 W Courtois St St. Louis, MO	1.0	1.0	900	$795	$0.88	14d	1	0.42mi
6436 Idaho Ave Saint Louis, MO	2.0	1.0	1050	$995	$0.95	43d	1	0.43mi
128 Haven St Unit 2F St. Louis, MO	2.0	1.0	900	$950	$1.06	10d	1	0.46mi
7851 Bandero Dr Saint Louis, MO	1.0–2.0	1.0	800	$1,000	$1.25	12d	1	0.53mi
3601 Holly Hills Blvd Apt 19 St. Louis, MO	2.0	1.0	700	$875	$1.25	3d	1	0.61mi
6327 S Grand Blvd Unit 1E St. Louis, MO	1.0	1.0	650	$799	$1.23	43d	1	0.63mi
8125 Michigan Ave St. Louis, MO	1.0–2.0	1.0–2.0	797	$820	$1.03	14d	1	0.66mi
6118 Vermont Ave Saint Louis, MO	1.0	1.0	759	$1,250	$1.65	14d	1	0.71mi
6118 Vermont Ave Saint Louis, MO	1.0	1.0	759	$1,150	$1.52	43d	1	0.71mi
3637 Bowen St Apt 2E St. Louis, MO	1.0	1.0	785	$1,095	$1.39	19d	1	0.77mi
711 Wilmington Ave Unit NA St. Louis, MO	2.0	1.0	1051	$1,300	$1.24	43d	1	0.80mi
712 Dover Pl Saint Louis, MO	2.0	1.0	1100	$900	$0.82	43d	1	0.84mi
712 Dover Pl Unit 1FL St. Louis, MO	2.0	1.0	1100	$1,000	$0.91	43d	1	0.84mi
6024 Dewey Ave St. Louis, MO	1.0	1.0	950	$1,075	$1.13	43d	1	0.87mi
8511 Idaho Ave Unit 1st Floor St. Louis, MO	1.0	1.0	750	$850	$1.13	12d	1	0.89mi
5507 Louisiana 2nd fl St. Louis, MO	1.0	1.0	705	$795	$1.13	43d	1	0.93mi
5625 S Grand Blvd Unit 5625 St. Louis, MO	1.0	1.0	650	$840	$1.29	23d	1	1.00mi
5625 S Grand Blvd Unit 2D St. Louis, MO	1.0	1.0	650	$840	$1.29	10d	1	1.00mi
3945 Crosby Dr Saint Louis, MO	2.0	1.0	1100	$2,083	$1.89	1d	1	1.00mi
218-220 Bellerive Blvd Unit 218 St. Louis, MO	1.0	1.0	550	$725	$1.32	12d	1	1.00mi
3815 Wilmington Ave Apt 2N St. Louis, MO	2.0	1.0	800	$1,095	$1.37	43d	1	1.01mi
5618 S Grand Blvd Unit 10 St. Louis, MO	1.0	1.0	600	$799	$1.33	43d	1	1.01mi
120 Bellerive Blvd Saint Louis, MO	1.0	1.0	700	$795	$1.14	43d	1	1.03mi
120 Bellerive Blvd Saint Louis, MO	1.0	1.0	795	$745	$0.94	16d	1	1.03mi
112 Bellerive Blvd Saint Louis, MO	1.0	1.0	700	$795	$1.14	43d	1	1.03mi
5707 Dewey Ave Unit 1F St. Louis, MO	2.0	1.0	1000	$1,050	$1.05	14d	1	1.04mi
510 Fassen St Unit 510 St. Louis, MO	1.0	1.0	700	$850	$1.21	14d	1	1.08mi
510 Fassen St Unit 512 St. Louis, MO	1.0	1.0	700	$795	$1.14	14d	1	1.08mi
5416 Alaska Ave Saint Louis, MO	1.0	1.0	940	$750	$0.80	43d	1	1.12mi
5416-5418 Alaska Ave St. Louis, MO	1.0	1.0	940	$750	$0.80	23d	1	1.12mi

Listing history 13 events

1. 2026-06-17
   days on marketlisting id $80,000 Active 1 DOM
2. 2026-06-13
   days on market $80,000 Active 99 DOM
3. 2026-06-09
   days on market $80,000 Active 95 DOM
4. 2026-06-08
   days on market $80,000 Active 94 DOM
5. 2026-06-08
   days on market $80,000 Active 93 DOM
6. 2026-06-05
   pricedays on market $80,000 Active 90 DOM
7. 2026-06-03
   days on market $89,500 Active 89 DOM
8. 2026-06-02
   days on market $89,500 Active 88 DOM
9. 2026-06-01
   days on market $89,500 Active 87 DOM
10. 2026-05-31
    days on market $89,500 Active 86 DOM
11. 2026-03-19
    price $89,500 571-char remark

    Show marketing remark (571 chars)

    Affordable, convenient, and full of potential! Charming 1-bedroom, 1-bath home with a full unfinished basement offering future potential. Features a privacy-fenced backyard perfect for relaxing or pets. Conveniently located near the interstate with quick access to shopping and restaurants. City occupancy has already been completed. Great opportunity for a first-time buyer, someone looking to downsize, or an investor wanting to add to their portfolio. Buyers and buyer's agents to verify everything, including but not limited to taxes, measurements, and schools.

12. 2026-03-06
    listed $97,000 Active 571-char remark

    Show marketing remark (571 chars)

    Affordable, convenient, and full of potential! Charming 1-bedroom, 1-bath home with a full unfinished basement offering future potential. Features a privacy-fenced backyard perfect for relaxing or pets. Conveniently located near the interstate with quick access to shopping and restaurants. City occupancy has already been completed. Great opportunity for a first-time buyer, someone looking to downsize, or an investor wanting to add to their portfolio. Buyers and buyer's agents to verify everything, including but not limited to taxes, measurements, and schools.

13. 2016-06-13
    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: $645 · $54/mo
• Projected year-2 tax: $776 · $65/mo
• Expected delta: +$131/yr (+$11/mo · 20.3%)

ⓘ 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 ≥109°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

Taxation est. · year 1

• Rental income: $11,003
• − Mortgage interest: −$4,481
• − Property taxes: −$645
• − Insurance: −$400
• − Repairs & maintenance: −$880
• − Management: −$880
• − Depreciation: −$2,327
• Taxable income: $1,389
• Est. tax owed @ 24.0%: −$333
• After-tax cash flow: $2,280/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: 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 · 254,015 people
• City population: 283,259
• Metro: St. Louis, MO-IL
• Population (ZIP): 18,851
• Household income: $47,039
• Rent vs Own: 61.6% rent · 38.4% own
• Severe rent burden: 1364.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 42% White 41% Two or more races 11% Hispanic / Latino 9% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 3% Slovak 1% Romanian 1%
• Foreign-born: 7% · Canada, India
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 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: —

Market trends

• HPI YoY: ▼ -92.80%
• Current HPI: 169.4644
• Rent YoY: ▲ 3.27%
• 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

-7.7% since first listed

3 events — show timeline

• 2026-03-19 Price Changed $89,500 MARIS as Distributed by MLS Grid
• 2026-03-06 Listed $97,000 MARIS as Distributed by MLS Grid
• 2016-06-13 Sold (Public Records) — Public Records

Property tax history

+3.1%/yr

Latest (2024): $645 · +4.9% YoY. Source: county tax records.