214 S Grand Ave · Eldon, MO 65026

$62,000

3 bd · 1.0 ba · 900 sqft · Other public records · 18 Days on market

Built 1910 6,600 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 +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.7/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

This cute little house is just waiting to be brought back to life! It has three bedrooms (one down/two upstairs) and one bath with a large living and dining room. A 2-car detached garage/carport is in the back. Plenty of parking space. It sits on a corner lot with beautiful shade trees and a flat grassy yard. Also, located close to the conveniences of the downtown area and middle/high schools (including Casey's gas and a Dollar General mere blocks away). It has both electric, and natural gas hook-ups. The property next door was just fully remodeled. This home will need significant work and is being sold as-is. Rent to own is not being offered.

Key facts

• Flat grassy yard
• Corner lot
• Close to downtown

Tags

• CORNER LOT
• FLAT GRASSY YARD
• BEAUTIFUL SHADE TREES
• CLOSE TO DOWNTOWN
• CLOSE TO MIDDLE SCHOOLS
• CLOSE TO HIGH SCHOOLS

Property features AI

Exterior

• Parking: Detached garage; 2 garage spaces; Carport; Gravel parking areas
• Utilities: Public water; Public sewer
• Home design: Single-family detached residence; One-and-a-half story
• Construction: Vinyl siding; Shingle roof; Built as a residential detached property
• Exterior features: Front porch; City lot, level; Asphalt-paved road access

Interior

• Bedrooms: 6 total rooms (bedrooms and living spaces included)
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric forced-air heating; Natural gas heating; No central cooling
• Interior features: Partial basement; No fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $62k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($851 rent vs $62k).
• Recommended offer: $61k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#249 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D, amenities F, commute F.
• Eldon R-I (town): math 46% / reading 54% proficiency, ranked #52 of 324 in MO (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: South Elem. (math 42% / reading 42%, grade F, #481 of 1,115 statewide, top 46%, 566 students, 50% FRL); Eldon Middle (math 45% / reading 56%, grade C, #64 of 391 statewide, top 17%, 423 students, 49% FRL); Eldon High (math 37% / reading 62%, grade D, #124 of 521 statewide, top 28%, 584 students, 40% FRL).
• Market conditions: 106 active listings in the ZIP; 88 units permitted in Miller County in 2024 (31 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($429 loan paydown + $6k appreciation (10.0% local appreciation)).
• Miller County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($61k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,070 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — 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: 1.37% ✓
• Cap rate: 12.08%
• Cash-on-cash: 20.67%
• DSCR: 1.92
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 39.7%
• Equity multiple: 4.04×
• Total profit: $52,793
• Equity at exit: $55,855

10-year hold

• IRR: 34.2%
• Equity multiple: 9.09×
• Total profit: $140,447
• Equity at exit: $120,452

Cash invested: $17,360 (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 65026

• Home prices YoY: 5.3%
• Active inventory: 106
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $851 medium
• Mortgage (P&I): −$325
• Tax from tax record: −$22 /mo · $269/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$179
• Net cashflow: $299

Break-even live

Break-even rent $473

Max offer price $62,000

Occupancy floor 60%

Sensitivity live

Price	-10% $334	-5% $317	+0% $299	+5% $282	+10% $264
Rent	-10% $232	-5% $265	+0% $299	+5% $333	+10% $366
Rate	-1.0pp $330	-0.5pp $315	base $299	+0.5pp $283	+1.0pp $267

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-22
   days on market $62,000 Active 18 DOM
2. 2026-06-21
   days on market $62,000 Active 17 DOM
3. 2026-06-21
   days on market $62,000 Active 16 DOM
4. 2026-06-18
   days on market $62,000 Active 14 DOM
5. 2026-06-17
   days on market $62,000 Active 13 DOM
6. 2026-06-16
   days on market $62,000 Active 12 DOM
7. 2026-06-15
   days on market $62,000 Active 11 DOM
8. 2026-06-13
   days on market $62,000 Active 9 DOM
9. 2026-06-12
   remarks 651-char remark
10. 2026-06-12
    days on market $62,000 Active 8 DOM
11. 2026-06-09
    days on market $62,000 Active 5 DOM
12. 2026-06-08
    days on market $62,000 Active 4 DOM
13. 2026-06-07
    days on market $62,000 Active 3 DOM
14. 2026-06-07
    remarks 616-char remark
15. 2026-06-07
    listed $62,000 Active 2 DOM

ⓘ 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: $269 · $22/mo
• Projected year-2 tax: $601 · $50/mo
• Expected delta: +$332/yr (+$28/mo · 123.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,214
• − Mortgage interest: −$3,473
• − Property taxes: −$269
• − Insurance: −$310
• − Repairs & maintenance: −$817
• − Management: −$817
• − Depreciation: −$1,804
• Taxable income: $2,724
• Est. tax owed @ 24.0%: −$654
• After-tax cash flow: $2,935/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: Eldon R-I
• NCES district ID: 2911340
• Math proficiency: 46% ▼ -2.00%
• Reading proficiency: 54% ▼ -2.00%
• Median HH income: $34,415
• Composite: 41.27/100
• National rank: #3521
• State rank: #52 of 324 in MO

Livability — Eldon

• Score: 66/100
• State rank: #249
• US rank: #12203

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eldon, MO
• Population (ZIP): 11,648

Population outlook (Miller County) Hauer SSP2

• Today (2025): 25,396 people
• By 2030: 25,344 · -0.2%
• By 2040: 24,740 · -2.6%
• By 2050: 23,415 · -7.8%
• By 2075: 19,426 · -23.5%
• By 2100: 13,742 · -45.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Slovak 4% Italian 2% Romanian 1%
• Foreign-born: 1% · China, Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 2%

Political lean MEDSL · Miller

• 2024 margin: Solid R (+67.3) · D 15.9% · R 83.2%
• 2008→2024 swing: -30.5pp toward R · 2008: -36.8pp · 2024: -67.3pp
• All cycles: 2024: R+67.3 2020: R+65.7 2016: R+66.0 2012: R+49.4 2008: R+36.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 20.13%
• Current HPI: 400.83
• 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

1 event — show timeline

• 2026-06-04 Listed $62,000 LOBR

Property tax history

+0.3%/yr

Latest (2025): $269 · +9.0% YoY. Source: county tax records.