304 W Howard St · Malden, MO 63863

$139,900

3 bd · 3.0 ba · 1,112 sqft · Other public records · 38 Days on market

Built 1945 0.29 ac lot ↓ 36% since listing

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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 +13.7/30.0
• ARV discount +7.5/15.0
• Appreciation +6.6/10.0
• DSCR +4.1/10.0
• Livability +3.0/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks MLS

Brick and vinyl siding home that is Very Unique. 2 story with walk out basement, (approximately 2514 SF GLA), covered patio, privacy fence backyard and decorative fence in front. Basement has steel beams and is sound proof. Upstairs contains one huge room with unlimited options (bedroom, entertainment room, weight room, etc). Main level consist of mud room off garage, kitchen (includes refrigerator, range, dishwasher and microwave) – dining and living room open concept, one bedroom, bathroom and several closets. Basement has a huge primary bedroom, walk in closet and very universal bathroom (shower plus vanity on one side and commode on other side – separate room with more than one person can get ready at once. Two car garage with two nice size storage closets plus entry to backyard and side yard. Two HVAC units, Two 200 amp breaker boxes. Laminate flooring throughout. This home is Ready for NEW OWNERS!! Let’s get pre-approved and schedule your viewing.

Key facts

• 0.29 acre lot
• Garage
• Built 1945

Property features AI

Exterior

• Parking: Attached garage; Two-car garage with extra storage
• Utilities: Public water; Public sewer; Electricity connected (220 volts); Natural gas available and connected
• Home design: Single family residence; Residential property; Multi-level / three or more levels; Versatile multi-level layout; Approximate living area around 2,484 total (above and below grade finished areas equal); Address: 304 W Howard St, Malden, MO
• Construction: Brick construction; Solid construction with steel beam reinforcement in basement; Built before (year built on file with assessor)
• Exterior features: Back yard; Privacy-fenced backyard; Covered patio; Decorative front fencing

Interior

• Kitchen: Range; Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms total; 1 bedroom on the main level; 1 bedroom on the upper level; 1 bedroom in the lower level / basement
• Bathrooms: 3 full bathrooms (one on main level, one on upper level, one in lower level)
• Heating & cooling: Electric heating; Natural gas heating available/connected; Central air conditioning
• Interior features: Open living and dining area; Walk-up basement with steel beam construction and sound reinforcement; Handicap accessibility with removable wheelchair ramp and chair lift; Mudroom off the garage
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath other listed at $140k.

Deal economics

• At list price, monthly cash flow is $10 ($115/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 $108k (22.7% below list).
• Recommended offer: $108k (22.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#572 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Malden R-I (town): math 19% / reading 31% proficiency, ranked #294 of 324 in MO (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Malden Lower Elem. (math 23% / reading 35%, grade F, #842 of 1,115 statewide, top 76%, 454 students, 100% FRL); Malden High (math 12% / reading 27%, grade F, #478 of 521 statewide, top 92%, 425 students, 100% FRL) — zoned schools average 100% FRL vs 63% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 36 active listings in the ZIP; 30 units permitted in Dunklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($967 loan paydown + $5k appreciation (3.3% local appreciation)).
• Dunklin County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.3% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — 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 $108,127 (22.7% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.77% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.29%
• DSCR: 1.01
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.26% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.5%
• Equity multiple: 1.49×
• Total profit: $19,324
• Equity at exit: $64,950

10-year hold

• IRR: 10.9%
• Equity multiple: 2.67×
• Total profit: $65,523
• Equity at exit: $101,715

Cash invested: $39,172 (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 63863

• Home prices YoY: 2.9%
• Active inventory: 36
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,081 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$53 /mo · $633/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $10

Break-even live

Break-even rent $1,069

Max offer price $139,900

Occupancy floor 94%

Sensitivity live

Price	-10% $89	-5% $49	+0% $10	+5% $-30	+10% $-70
Rent	-10% $-76	-5% $-33	+0% $10	+5% $52	+10% $95
Rate	-1.0pp $80	-0.5pp $45	base $10	+0.5pp $-27	+1.0pp $-64

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-12
   status $139,900 Active 38 DOM
2. 2026-04-16
   status Pending
3. 2026-04-09
   price $139,900
4. 2026-03-10
   listed $149,900 Active
5. 2026-03-09
   historical $149,900
6. 2026-02-23
   listed $164,900 Active
7. 2025-06-09
   soldstatus Closed 988-char remark

   Show marketing remark (988 chars)

   Brick and vinyl siding home that is Very Unique. 2 story with walk out basement, (approximately 2514 SF GLA), covered patio, privacy fence backyard and decorative fence in front. Basement has steel beams and is sound proof. Upstairs contains one huge room with unlimited options (bedroom, entertainment room, weight room, etc). Main level consist of mud room off garage, kitchen (includes refrigerator, range, dishwasher and microwave) – dining and living room open concept, one bedroom, bathroom and several closets. Basement has a huge primary bedroom, walk in closet and very universal bathroom (shower plus vanity on one side and commode on other side – separate room with more than one person can get ready at once. Two car garage with two nice size storage closets plus entry to backyard and side yard. Two HVAC units, Two 200 amp breaker boxes. Laminate flooring throughout. This home is Ready for NEW OWNERS!! Let’s get pre-approved and schedule your viewing.

8. 2025-04-15
   status Pending 988-char remark

   Show marketing remark (988 chars)

   Brick and vinyl siding home that is Very Unique. 2 story with walk out basement, (approximately 2514 SF GLA), covered patio, privacy fence backyard and decorative fence in front. Basement has steel beams and is sound proof. Upstairs contains one huge room with unlimited options (bedroom, entertainment room, weight room, etc). Main level consist of mud room off garage, kitchen (includes refrigerator, range, dishwasher and microwave) – dining and living room open concept, one bedroom, bathroom and several closets. Basement has a huge primary bedroom, walk in closet and very universal bathroom (shower plus vanity on one side and commode on other side – separate room with more than one person can get ready at once. Two car garage with two nice size storage closets plus entry to backyard and side yard. Two HVAC units, Two 200 amp breaker boxes. Laminate flooring throughout. This home is Ready for NEW OWNERS!! Let’s get pre-approved and schedule your viewing.

9. 2025-03-07
   price $189,900 988-char remark

   Show marketing remark (988 chars)

   Brick and vinyl siding home that is Very Unique. 2 story with walk out basement, (approximately 2514 SF GLA), covered patio, privacy fence backyard and decorative fence in front. Basement has steel beams and is sound proof. Upstairs contains one huge room with unlimited options (bedroom, entertainment room, weight room, etc). Main level consist of mud room off garage, kitchen (includes refrigerator, range, dishwasher and microwave) – dining and living room open concept, one bedroom, bathroom and several closets. Basement has a huge primary bedroom, walk in closet and very universal bathroom (shower plus vanity on one side and commode on other side – separate room with more than one person can get ready at once. Two car garage with two nice size storage closets plus entry to backyard and side yard. Two HVAC units, Two 200 amp breaker boxes. Laminate flooring throughout. This home is Ready for NEW OWNERS!! Let’s get pre-approved and schedule your viewing.

10. 2024-04-19
    price $199,900 988-char remark

    Show marketing remark (988 chars)

    Brick and vinyl siding home that is Very Unique. 2 story with walk out basement, (approximately 2514 SF GLA), covered patio, privacy fence backyard and decorative fence in front. Basement has steel beams and is sound proof. Upstairs contains one huge room with unlimited options (bedroom, entertainment room, weight room, etc). Main level consist of mud room off garage, kitchen (includes refrigerator, range, dishwasher and microwave) – dining and living room open concept, one bedroom, bathroom and several closets. Basement has a huge primary bedroom, walk in closet and very universal bathroom (shower plus vanity on one side and commode on other side – separate room with more than one person can get ready at once. Two car garage with two nice size storage closets plus entry to backyard and side yard. Two HVAC units, Two 200 amp breaker boxes. Laminate flooring throughout. This home is Ready for NEW OWNERS!! Let’s get pre-approved and schedule your viewing.

11. 2023-05-23
    listed $219,900 Active 988-char remark

    Show marketing remark (988 chars)

    Brick and vinyl siding home that is Very Unique. 2 story with walk out basement, (approximately 2514 SF GLA), covered patio, privacy fence backyard and decorative fence in front. Basement has steel beams and is sound proof. Upstairs contains one huge room with unlimited options (bedroom, entertainment room, weight room, etc). Main level consist of mud room off garage, kitchen (includes refrigerator, range, dishwasher and microwave) – dining and living room open concept, one bedroom, bathroom and several closets. Basement has a huge primary bedroom, walk in closet and very universal bathroom (shower plus vanity on one side and commode on other side – separate room with more than one person can get ready at once. Two car garage with two nice size storage closets plus entry to backyard and side yard. Two HVAC units, Two 200 amp breaker boxes. Laminate flooring throughout. This home is Ready for NEW OWNERS!! Let’s get pre-approved and schedule your viewing.

12. 2002-05-17
    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: $633 · $53/mo
• Projected year-2 tax: $1,357 · $113/mo
• Expected delta: +$724/yr (+$60/mo · 114.5%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $12,975
• − Mortgage interest: −$7,837
• − Property taxes: −$633
• − Insurance: −$700
• − Repairs & maintenance: −$1,038
• − Management: −$1,038
• − Depreciation: −$4,070
• Taxable loss: −$2,339
• Est. tax savings @ 24.0%: +$561
• After-tax cash flow: $676/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: Malden R-I
• NCES district ID: 2919890
• Math proficiency: 19% ▼ -13.00%
• Reading proficiency: 31% ▼ -3.00%
• Median HH income: $29,537
• Composite: 20.06/100
• National rank: #8656
• State rank: #294 of 324 in MO

Livability — Malden

• Score: 59/100
• State rank: #572
• US rank: #20610

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Malden, MO
• City population: 5,348
• Population (ZIP): 5,348

Population outlook (Dunklin County) Hauer SSP2

• Today (2025): 28,599 people
• By 2030: 27,230 · -4.8%
• By 2040: 24,696 · -13.6%
• By 2050: 22,402 · -21.7%
• By 2075: 17,776 · -37.8%
• By 2100: 13,890 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 11% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Italian 3% Slovak 2% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Dunklin

• 2024 margin: Solid R (+61.8) · D 18.8% · R 80.5%
• 2008→2024 swing: -40.5pp toward R · 2008: -21.3pp · 2024: -61.8pp
• All cycles: 2024: R+61.8 2020: R+57.0 2016: R+53.6 2012: R+30.2 2008: R+21.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.26%
• Current HPI: 116.067
• Rent YoY: —
• Metro: —
• 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

-36.4% since first listed

11 events — show timeline

• 2026-04-16 Pending — MARIS as Distributed by MLS Grid
• 2026-04-09 Price Changed $139,900 MARIS as Distributed by MLS Grid
• 2026-03-10 Listed $149,900 MARIS as Distributed by MLS Grid
• 2026-03-09 Coming Soon $149,900 MARIS as Distributed by MLS Grid
• 2026-02-23 Listed $164,900 MARIS as Distributed by MLS Grid
• 2025-06-09 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2025-04-15 Pending — MARIS as Distributed by MLS Grid
• 2025-03-07 Price Changed $189,900 MARIS as Distributed by MLS Grid
• 2024-04-19 Price Changed $199,900 MARIS as Distributed by MLS Grid
• 2023-05-23 Listed $219,900 MARIS as Distributed by MLS Grid
• 2002-05-17 Sold (Public Records) — Public Records

Property tax history

+1.6%/yr

Latest (2025): $633 · +2.8% YoY. Source: county tax records.