6008 Spruce Ave · Merriam Woods, MO 65740

$94,000

2 bd · 1.0 ba · 792 sqft · Other · 100 Days on market

Built 1972 0.47 ac lot $119/sqft · 71% above 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
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Affordable living near Lake Taneycomo! This 2 bedroom, 1 bath mobile home at 6008 Spruce Ave in Merriam Woods sits on an excellent corner lot with nearly half an acre, offering space and convenience in a peaceful setting close to the lake. The home features an open floor plan with a spacious living room highlighted by a beamed ceiling and a wall of built-in shelving that adds both character and functionality. The kitchen and dining area include durable tile flooring along with a refrigerator, microwave, and stove, creating a practical space for everyday living and entertaining. Two comfortable bedrooms share a full hall bathroom that can be accessed from the hallway or through the primary bedroom for added convenience. Laundry hookups are located in the hallway as well. Outside, the property offers a 2 car garage plus an additional carport, providing plenty of covered parking and storage. The large corner lot gives room to spread out, enjoy the outdoors, or add future improvements. With quick access to Lake Taneycomo and an affordable price point, this property is a great opportunity for buyers seeking a full time residence, weekend getaway, or investment property in the Branson area. Home to be sold in as-is condition.

Key facts

• Tile flooring
• 2 car garage
• Beamed ceiling

Tags

• CORNER LOT
• BEAMED CEILING
• BUILT-IN SHELVING
• TILE FLOORING
• LAUNDRY HOOKUPS
• 2 CAR GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $94k.

Deal economics

• At list price, monthly cash flow is $479 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $94k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 6.8% in Merriam Woods — 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 61/100 on livability (#444 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, schools F, amenities F.
• Branson R-IV (rural): math 48% / reading 52% proficiency, ranked #44 of 324 in MO (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 99 active listings in the ZIP; 331 units permitted in Taney County in 2024 (50 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($650 loan paydown + $9k appreciation (10.0% local appreciation)).
• Taney County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $85,540 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 1.39% ✓
• Cap rate: 12.41%
• Cash-on-cash: 21.85%
• DSCR: 1.97
• GRM: 6.0

CMA / ARV

• ARV (median comp): $55,000
• List price: $94,000
• Delta: 70.91%
• Verdict: OVERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 40.6%
• Equity multiple: 4.10×
• Total profit: $81,673
• Equity at exit: $84,683

10-year hold

• IRR: 35.0%
• Equity multiple: 9.22×
• Total profit: $216,437
• Equity at exit: $182,621

Cash invested: $26,320 (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 65740

• Home prices YoY: 11.6%
• Active inventory: 99
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,307 medium
• Mortgage (P&I): −$493
• Tax from tax record: −$21 /mo · $254/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $479

Break-even live

Break-even rent $700

Max offer price $94,000

Occupancy floor 58%

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: $23,500
• Closing costs: $2,820
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $94,000 Active 100 DOM
2. 2026-06-18
   days on market $94,000 Active 99 DOM
3. 2026-06-17
   days on market $94,000 Active 98 DOM
4. 2026-06-16
   days on market $94,000 Active 97 DOM
5. 2026-06-15
   days on market $94,000 Active 96 DOM
6. 2026-06-14
   days on market $94,000 Active 94 DOM
7. 2026-06-12
   days on market $94,000 Active 93 DOM
8. 2026-06-09
   days on market $94,000 Active 90 DOM
9. 2026-06-08
   days on market $94,000 Active 89 DOM
10. 2026-06-07
    days on market $94,000 Active 88 DOM
11. 2026-06-03
    days on market $94,000 Active 84 DOM
12. 2026-06-03
    price $94,000 Active 83 DOM
13. 2026-06-02
    days on market $100,000 Active 83 DOM
14. 2026-06-01
    days on market $100,000 Active 82 DOM
15. 2026-05-31
    days on market $100,000 Active 81 DOM
16. 2026-05-30
    days on market $100,000 Active 80 DOM
17. 2026-03-11
    listed $100,000 Active 1239-char remark

    Show marketing remark (1239 chars)

    Affordable living near Lake Taneycomo! This 2 bedroom, 1 bath mobile home at 6008 Spruce Ave in Merriam Woods sits on an excellent corner lot with nearly half an acre, offering space and convenience in a peaceful setting close to the lake. The home features an open floor plan with a spacious living room highlighted by a beamed ceiling and a wall of built-in shelving that adds both character and functionality. The kitchen and dining area include durable tile flooring along with a refrigerator, microwave, and stove, creating a practical space for everyday living and entertaining. Two comfortable bedrooms share a full hall bathroom that can be accessed from the hallway or through the primary bedroom for added convenience. Laundry hookups are located in the hallway as well. Outside, the property offers a 2 car garage plus an additional carport, providing plenty of covered parking and storage. The large corner lot gives room to spread out, enjoy the outdoors, or add future improvements. With quick access to Lake Taneycomo and an affordable price point, this property is a great opportunity for buyers seeking a full time residence, weekend getaway, or investment property in the Branson area. Home to be sold in as-is condition.

18. 2016-05-17
    soldstatus
19. 2000-08-01
    soldstatus
20. 1995-04-19
    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: $254 · $21/mo
• Projected year-2 tax: $912 · $76/mo
• Expected delta: +$658/yr (+$55/mo · 258.9%)

ⓘ 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 5/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,683
• − Mortgage interest: −$5,265
• − Property taxes: −$254
• − Insurance: −$470
• − Repairs & maintenance: −$1,255
• − Management: −$1,255
• − Depreciation: −$2,735
• Taxable income: $4,449
• Est. tax owed @ 24.0%: −$1,068
• After-tax cash flow: $4,682/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: Branson R-IV
• NCES district ID: 2905760
• Math proficiency: 48% ▼ -6.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $41,473
• Composite: 41.96/100
• National rank: #3347
• State rank: #44 of 324 in MO

Livability — Merriam Woods

• Score: 61/100
• State rank: #444
• US rank: #18151

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Merriam Woods, MO
• City population: 3,495
• Population (ZIP): 3,495

Population outlook (Taney County) Hauer SSP2

• Today (2025): 59,017 people
• By 2030: 61,235 · +3.8%
• By 2040: 65,225 · +10.5%
• By 2050: 68,842 · +16.6%
• By 2075: 77,705 · +31.7%
• By 2100: 82,002 · +38.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 9% Two or more races 8% Black 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 3% Iranian 3% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 93% English-only · Spanish 6% German/W. Germanic 1%

Political lean MEDSL · Taney

• 2024 margin: Solid R (+59.3) · D 19.9% · R 79.2%
• 2008→2024 swing: -22.2pp toward R · 2008: -37.2pp · 2024: -59.3pp
• All cycles: 2024: R+59.3 2020: R+57.7 2016: R+59.3 2012: R+47.4 2008: R+37.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 30.18%
• Current HPI: 291.5553
• 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

4 events — show timeline

• 2026-03-11 Listed $100,000 SOMO
• 2016-05-17 Sold (Public Records) — Public Records
• 2000-08-01 Sold (Public Records) — Public Records
• 1995-04-19 Sold (Public Records) — Public Records

Property tax history

+0.8%/yr

Latest (2025): $254 · -8.5% YoY. Source: county tax records.