1615 Veronica Ave · St. Louis, MO 63147

$60,000

4 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 5 Days on market

Built 1950 5,501 sqft lot $48/sqft · 51% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming 1.5-story brick Tudor with stone trim offering timeless character and endless potential! This 4-bedroom, 1.5-bath home features an inviting entry foyer, 2 fireplaces, some hardwood floors, spacious rooms, and loads of original charm throughout. Additional highlights include an enclosed back porch, walk-up lower level, and a detached 1-car garage. Perfect opportunity for an investor or buyer ready to restore this classic beauty to its former glory. Home is being sold as-is; seller will make no repairs or provide inspections.

Key facts

• 5,501 sq ft lot
• Garage
• Built 1950

Property features AI

Finance

• Other: Estimated living area 1248 (source: public records); Lot dimensions roughly 137 x 40 with 40' frontage
• Financial info: Lease not considered; Seller may consider concessions

Exterior

• Parking: Driveway; 1-car garage
• Utilities: Public water; Public sewer; Electric service (Ameren); Electricity connected; Natural gas connected; Sewer connected
• Home design: Single-family residence; Residential property; One and one-half levels; Fixer condition
• Construction: Brick, stone, and wood siding construction
• Exterior features: Front porch; Rear porch; Lot near public transit; No fencing noted

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 4 bedrooms total; 2 main-level bedrooms; 2 upper-level bedrooms
• Flooring: Carpet; Wood; Other flooring
• Bathrooms: 1 full bathroom; 1 half bathroom; Lower-level half bath; Main-level full bath
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Living room; Dining room; Basement with walk-up access; Basement bathroom; 2 fireplaces (living room and basement)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $698 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Cap rate 20.3% 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.
• Zoned schools: Earl Nance Sr. Elem. (math 2% / reading 2%, grade F, #1,099 of 1,115 statewide, top 100%, 321 students, 99% FRL); Vashon High (math 2% / reading 2%, grade F, #520 of 521 statewide, top 100%, 568 students, 100% FRL) — zoned schools average 99% FRL vs 80% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 57 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• This rent runs 40% of the median local income ($41k/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 $415 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 + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $60,000

Questions for the listing agent

1. Built in 1950 — 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: 2.29% ✓
• Cap rate: 20.26%
• Cash-on-cash: 49.87%
• DSCR: 3.22
• GRM: 3.6

CMA / ARV

• ARV (median comp): $121,830
• List price: $60,000
• Delta: -50.75%
• 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
1615 Veronica Ave	0.00mi	4/1.5	1,248 (0%)	0mo	$60,000	$48	98
8578 Drury Ln	0.27mi	4/2.0	1,234 (-1%)	4mo	$83,900	$68	78
8554 Drury Ln	0.31mi	3/1.5 (-1)	1,196 (-4%)	1mo	$159,900	$134	71
8635 Partridge Ave	0.33mi	4/2.0	1,170 (-6%)	2mo	$109,000	$93	68
8725 Goodfellow Blvd	0.38mi	4/2.0	1,168 (-6%)	0mo	$174,900	$150	67
1810 Switzer Ave	0.40mi	4/1.5	1,159 (-7%)	4mo	$15,000	$13	64
8464 Edna St	0.49mi	3/2.5 (-1)	1,296 (+4%)	1mo	$95,000	$73	59
1112 Hornsby Ave	0.41mi	3/2.0 (-1)	1,348 (+8%)	1mo	$140,000	$104	58
8528 Riverview Blvd	0.42mi	4/1.0	1,100 (-12%)	4mo	$126,500	$115	57
8622 Partridge Ave	0.36mi	4/2.0	1,075 (-14%)	1mo	$149,900	$139	55
5730 Park Ln	0.74mi	4/1.0	1,174 (-6%)	1mo	$105,000	$89	54
5828 Pamplin Ave	0.71mi	4/2.5	1,075 (-14%)	1mo	$190,000	$177	37

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: 47.6%
• Equity multiple: 3.07×
• Total profit: $34,749
• Equity at exit: $8,946

10-year hold

• IRR: 53.2%
• Equity multiple: 6.21×
• Total profit: $87,535
• Equity at exit: $5,188

Cash invested: $16,800 (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 63147

• Home prices YoY: -31.4%
• Active inventory: 57
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,375 high
• Mortgage (P&I): −$315
• Tax from tax record: −$48 /mo · $579/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $698

Break-even live

Break-even rent $491

Max offer price $60,000

Occupancy floor 44%

Sensitivity live

Price	-10% $732	-5% $715	+0% $698	+5% $681	+10% $664
Rent	-10% $590	-5% $644	+0% $698	+5% $752	+10% $807
Rate	-1.0pp $728	-0.5pp $713	base $698	+0.5pp $683	+1.0pp $667

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8548 Drury Ln Saint Louis, MO	3.0	2.0	1107	$1,420	$1.28	45d	1	0.33mi
2056 Coleridge Dr Saint Louis, MO	3.0	1.0	949	$1,195	$1.26	24d	1	0.42mi
5932 Floy Ave Saint Louis, MO	3.0	1.0	1080	$1,373	$1.27	21d	1	0.59mi
2022 McLaran Ave Saint Louis, MO	3.0	2.0	1181	$1,593	$1.35	15d	1	0.62mi
8527 Dianthus Ln Saint Louis, MO	3.0	1.0	976	$1,295	$1.33	45d	1	0.69mi
5730 Park Ln Saint Louis, MO	4.0	1.0	1174	$1,600	$1.36	21d	1	0.73mi
1225 Newark Dr Saint Louis, MO	3.0	2.0	944	$1,400	$1.48	4d	1	0.91mi
5574 Era Ave Saint Louis, MO	3.0	1.0	850	$1,400	$1.65	13d	1	0.93mi
5612 Hodiamont Ave Saint Louis, MO	3.0	1.5	1200	$1,150	$0.96	11d	1	1.05mi
2415 Shirley Ave Saint Louis, MO	3.0	1.0	990	$1,450	$1.46	24d	1	1.07mi
7 Lamar Dr Saint Louis, MO	3.0	1.0	894	$1,200	$1.34	19d	1	1.10mi
5515 Wilborn Dr Saint Louis, MO	3.0	1.0	1248	$1,400	$1.12	45d	1	1.11mi
2427 Switzer Ave Saint Louis, MO	3.0	1.0	1008	$1,300	$1.29	45d	1	1.12mi
5637 Jennings Station Rd Saint Louis, MO	3.0	1.0	1116	$895	$0.80	45d	1	1.14mi
6024 Lucille Ave Saint Louis, MO	5.0	1.0	1152	$1,500	$1.30	15d	1	1.15mi
2527 Switzer Ave Saint Louis, MO	3.0	1.0	888	$1,135	$1.28	17d	1	1.23mi
7205 Calvin Ave Saint Louis, MO	3.0	1.0	832	$750	$0.90	45d	1	1.26mi
7120 Greenhaven Dr Saint Louis, MO	3.0	2.0	1131	$1,050	$0.93	24d	1	1.28mi
2546 Main St Saint Louis, MO	4.0	1.0	984	$1,269	$1.29	45d	1	1.29mi
5936 Theodore Ave Saint Louis, MO	3.0	2.0	1008	$1,350	$1.34	45d	1	1.33mi
5361 Wilborn Dr Saint Louis, MO	3.0	1.0	900	$1,420	$1.58	19d	1	1.39mi
2623 Avie Dr Saint Louis, MO	3.0	2.0	921	$1,350	$1.47	45d	1	1.47mi
5347 Janet Ave Saint Louis, MO	4.0	1.0	893	$1,350	$1.51	17d	1	1.48mi

Listing history 3 events

1. 2026-05-18
   status Pending 538-char remark
2. 2026-05-14
   listed $60,000 Active 538-char remark
3. 2026-05-12
   historical $60,000 538-char remark

ⓘ 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: $579 · $48/mo
• Projected year-2 tax: $582 · $48/mo
• Expected delta: +$3/yr ($0/mo · 0.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,497
• − Mortgage interest: −$3,361
• − Property taxes: −$579
• − Insurance: −$300
• − Repairs & maintenance: −$1,320
• − Management: −$1,320
• − Depreciation: −$1,745
• Taxable income: $7,872
• Est. tax owed @ 24.0%: −$1,889
• After-tax cash flow: $6,489/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): 8,173
• Household income: $41,182
• Rent vs Own: 42.0% rent · 58.0% own
• Severe rent burden: 418.0

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: Predominantly Black (92%)
• Race & ethnicity: Black 92% White 5% Two or more races 2%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 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: ▼ -38.51%
• Current HPI: 84.224
• Rent YoY: —
• 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

+0.0% since first listed

4 events — show timeline

• 2026-06-05 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2026-05-18 Pending — MARIS as Distributed by MLS Grid
• 2026-05-14 Listed $60,000 MARIS as Distributed by MLS Grid
• 2026-05-12 Coming Soon $60,000 MARIS as Distributed by MLS Grid

Property tax history

-5.0%/yr

Latest (2022): $579 · +0.1% YoY. Source: county tax records.