515 N 7th St · Louisiana, MO 63353

$15,000

1 bd · 1.0 ba · 1,400 sqft · Other · 509 Days on market

Built 1900 10,324 sqft lot $11/sqft · 85% below area ↓ 40% 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.6/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.3/10.0

Listing remarks MLS

Let your imagination run wild! This property could possibly be residential and commercial?? Consists of home with attached building that used to be a market! And also includes parcel #08-04-18-003-011-002.0000 with 1949 older 474 sq ft home that should not be entered! selling as is where is!!

Key facts

• Parcel included
• 0.24 acre lot
• Built 1900

Tags

• ATTACHED COMMERCIAL BUILDING
• PARCEL INCLUDED

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $15k.

Deal economics

• At list price, monthly cash flow is $869 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Recommended offer: $13k (12.0% below list) — sets the bar for market timing.
• Cap rate 75.8% vs local median 9.2% in Louisiana — 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 71/100 on livability (#105 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools D-, amenities F, commute F.
• Louisiana R-II (town): math 31% / reading 39% proficiency, ranked #227 of 324 in MO (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 32 active listings in the ZIP; 38 units permitted in Pike County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $104 of loan paydown is wiped out by about $450 of value loss. Plan a longer hold.
• Pike County population projected to shrink 7% 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 $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 509 days — a 12% lower offer ($13k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $10k (40%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $13,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 509 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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 D-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. 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: 8.21% ✓
• Cap rate: 75.79%
• Cash-on-cash: 248.19%
• DSCR: 12.04
• GRM: 1.0

CMA / ARV

• ARV (median comp): $99,572
• List price: $15,000
• Delta: -84.94%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 13.60×
• Total profit: $52,915
• Equity at exit: $2,237

10-year hold

• IRR: —
• Equity multiple: 28.95×
• Total profit: $117,394
• Equity at exit: $1,297

Cash invested: $4,200 (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 63353

• Home prices YoY: -5.0%
• Active inventory: 32
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $1,231 medium
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $869

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 24%

Sensitivity live

Price	-10% $879	-5% $874	+0% $869	+5% $863	+10% $858
Rent	-10% $771	-5% $820	+0% $869	+5% $917	+10% $966
Rate	-1.0pp $876	-0.5pp $872	base $869	+0.5pp $865	+1.0pp $861

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $15,000 Active 509 DOM
2. 2026-06-21
   days on market $15,000 Active 508 DOM
3. 2026-06-18
   days on market $15,000 Active 506 DOM
4. 2026-06-17
   days on market $15,000 Active 505 DOM
5. 2026-06-16
   days on market $15,000 Active 504 DOM
6. 2026-06-15
   days on market $15,000 Active 503 DOM
7. 2026-06-13
   days on market $15,000 Active 501 DOM
8. 2026-06-12
   days on market $15,000 Active 500 DOM
9. 2026-06-09
   days on market $15,000 Active 497 DOM
10. 2026-06-08
    days on market $15,000 Active 496 DOM
11. 2026-06-07
    days on market $15,000 Active 495 DOM
12. 2026-06-07
    days on market $15,000 Active 494 DOM
13. 2026-06-04
    days on market $15,000 Active 491 DOM
14. 2026-06-02
    days on market $15,000 Active 490 DOM
15. 2026-06-01
    days on market $15,000 Active 489 DOM
16. 2026-05-31
    days on market $15,000 Active 488 DOM
17. 2025-09-25
    price $15,000 295-char remark

    Show marketing remark (295 chars)

    Let your imagination run wild! This property could possibly be residential and commercial?? Consists of home with attached building that used to be a market! And also includes parcel #08-04-18-003-011-002.0000 with 1949 older 474 sq ft home that should not be entered! selling as is where is!!

18. 2025-06-06
    price $19,000 295-char remark

    Show marketing remark (295 chars)

    Let your imagination run wild! This property could possibly be residential and commercial?? Consists of home with attached building that used to be a market! And also includes parcel #08-04-18-003-011-002.0000 with 1949 older 474 sq ft home that should not be entered! selling as is where is!!

19. 2025-02-27
    status Active 295-char remark

    Show marketing remark (295 chars)

    Let your imagination run wild! This property could possibly be residential and commercial?? Consists of home with attached building that used to be a market! And also includes parcel #08-04-18-003-011-002.0000 with 1949 older 474 sq ft home that should not be entered! selling as is where is!!

20. 2024-11-22
    status Pending 295-char remark

    Show marketing remark (295 chars)

    Let your imagination run wild! This property could possibly be residential and commercial?? Consists of home with attached building that used to be a market! And also includes parcel #08-04-18-003-011-002.0000 with 1949 older 474 sq ft home that should not be entered! selling as is where is!!

21. 2024-10-23
    listed $25,000 Active 295-char remark

    Show marketing remark (295 chars)

    Let your imagination run wild! This property could possibly be residential and commercial?? Consists of home with attached building that used to be a market! And also includes parcel #08-04-18-003-011-002.0000 with 1949 older 474 sq ft home that should not be entered! selling as is where is!!

22. 1988-12-01
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,770
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$1,182
• − Management: −$1,182
• − Depreciation: −$436
• Taxable income: $10,830
• Est. tax owed @ 24.0%: −$2,599
• After-tax cash flow: $7,825/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: Louisiana R-II
• NCES district ID: 2919260
• Math proficiency: 31% ▲ 1.00%
• Reading proficiency: 39% ▬ 0.00%
• Median HH income: $37,149
• Composite: 29.1/100
• National rank: #6595
• State rank: #227 of 324 in MO

Livability — Louisiana

• Score: 71/100
• State rank: #105
• US rank: #6899

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Louisiana, MO
• Population (ZIP): 4,935

Population outlook (Pike County) Hauer SSP2

• Today (2025): 17,895 people
• By 2030: 17,591 · -1.7%
• By 2040: 17,080 · -4.6%
• By 2050: 16,589 · -7.3%
• By 2075: 14,761 · -17.5%
• By 2100: 11,606 · -35.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 3% Iranian 2% Lithuanian 1%
• Foreign-born: 1% · Canada, China
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Pike

• 2024 margin: Solid R (+57.9) · D 20.7% · R 78.6%
• 2008→2024 swing: -48.0pp toward R · 2008: -9.9pp · 2024: -57.9pp
• All cycles: 2024: R+57.9 2020: R+53.9 2016: R+47.0 2012: R+27.3 2008: R+9.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -9.40%
• Current HPI: 180.6084
• 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

-40.0% since first listed

6 events — show timeline

• 2025-09-25 Price Changed $15,000 MARIS as Distributed by MLS Grid
• 2025-06-06 Price Changed $19,000 MARIS as Distributed by MLS Grid
• 2025-02-27 Relisted — MARIS as Distributed by MLS Grid
• 2024-11-22 Pending — MARIS as Distributed by MLS Grid
• 2024-10-23 Listed $25,000 MARIS as Distributed by MLS Grid
• 1988-12-01 Sold (Public Records) — Public Records

Property tax history

-9.8%/yr

Latest (2025): $29 · -76.4% YoY. Source: county tax records.