2214 NE 37th Ter · Kansas City, MO 64116

$100,000

2 bd · 1.0 ba · 964 sqft · SingleFamily public records

Built 1955 2,192 sqft lot Est $200k · 50% under

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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 +28.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Livability +3.9/5.0
• Schools +3.8/10.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice 2 Bedroom True Ranch Near North Kansas City With Attached Garage, Full Concrete Basement, Nice Deck, Beautiful Large Level Lot. Furnace 1 Year Old- Roof 3 Years Old-A Coil Is In For C/A-Needs Compressor-Choice Location. Prather Road To 37th Terrace-Easst To Fourth House.

Key facts

• 2,192 sq ft lot
• Garage

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $332 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 10.3% vs local median 3.9% in Kansas City — 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 78/100 on livability (#28 in MO, #2,671 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F.
• North Kansas City 74 (urban): math 38% / reading 49% proficiency, ranked #98 of 324 in MO (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Chouteau Elementary (math 37% / reading 37%, grade F, #611 of 1,115 statewide, top 59%, 358 students, 72% FRL); Eastgate 6Th Grade Center (math 26% / reading 35%, grade F, #283 of 391 statewide, top 74%, 607 students, 65% FRL); North Kansas City High (math 14% / reading 37%, grade F, #433 of 521 statewide, top 83%, 1,640 students, 55% FRL) — zoned schools average 64% FRL vs 37% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 31% at this address vs 44% district-wide (-12 pts) — the specific schools serving this property underperform the North Kansas City 74 average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+4.7%/yr); 87 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 341 units permitted in Clay County in 2024 (40 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Clay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 30y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $100,000

Questions for the listing agent

1. Built in 1955 — 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. 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?
4. 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.
5. 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.
6. 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: 1.33% ✓
• Cap rate: 10.28%
• Cash-on-cash: 14.25%
• DSCR: 1.63
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $199,548
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2004 NE 37th Ter	0.15mi	3/2.0 (+1)	954 (-1%)	2mo	$200,000	$210	81
2507 NE 37th Ter	0.16mi	3/1.0 (+1)	900 (-7%)	4mo	$200,000	$222	73
2608 Lyons St	0.44mi	3/1.0 (+1)	964 (0%)	2mo	$135,000	$140	73
3634 N College Ave	0.63mi	2/1.0	1,013 (+5%)	1mo	$215,000	$212	62
3737 N Walrond Ave	0.59mi	3/2.0 (+1)	936 (-3%)	1mo	$85,000	$91	58
3135 NE Winn Rd	0.57mi	2/1.5	900 (-7%)	8mo	$125,000	$139	54
3017 NE Parvin Rd	0.53mi	3/1.0 (+1)	1,037 (+8%)	7mo	$64,000	$62	52
2804 NE Parvin Rd	0.37mi	3/1.0 (+1)	1,107 (+15%)	5mo	$185,000	$167	49
3650 N Wayne Ave	0.43mi	3/2.0 (+1)	1,098 (+14%)	2mo	$300,000	$273	47
4011 NE Kelsey Rd	0.42mi	3/1.0 (+1)	820 (-15%)	6mo	$199,899	$244	46
4027 N Walrond Ave	0.73mi	2/1.5	864 (-10%)	6mo	$178,900	$207	42
4115 N Bellefontaine Ave	0.73mi	3/1.0 (+1)	864 (-10%)	7mo	$175,000	$203	38

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 · 4.74% rent growth · sell at horizon

5-year hold

• IRR: 6.6%
• Equity multiple: 1.26×
• Total profit: $7,381
• Equity at exit: $14,910

10-year hold

• IRR: 17.5%
• Equity multiple: 2.57×
• Total profit: $43,937
• Equity at exit: $8,646

Cash invested: $28,000 (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 64116

• Rents YoY: 4.7%
• Active inventory: 87
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,332 high
• Mortgage (P&I): −$524
• Tax from tax record: −$154 /mo · $1,848/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $332

Break-even live

Break-even rent $911

Max offer price $100,000

Occupancy floor 70%

Sensitivity live

Price	-10% $389	-5% $361	+0% $332	+5% $304	+10% $276
Rent	-10% $227	-5% $280	+0% $332	+5% $385	+10% $438
Rate	-1.0pp $383	-0.5pp $358	base $332	+0.5pp $307	+1.0pp $280

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1321a NE 39th St Kansas City, MO	2.0	1.5–2.0	952	$1,732	$1.82	45d	3	0.58mi
3735 N Walrond Ave Kansas City, MO	3.0	1.5	936	$1,175	$1.26	21d	1	0.62mi
3242 N Virginia Ave Kansas City, MO	2.0	2.0	912	$1,695	$1.86	9d	1	0.82mi
1300 NE Parvin Rd Kansas City, MO	1.0–2.0	1.0–2.0	881	$1,530	$1.74	3d	15	0.83mi
4140 N Walrond Ave Unit 1-40108 Kansas City, MO	1.0	1.0	643	$900	$1.40	23d	1	0.87mi
4140 N Walrond Ave Unit 1-40010 Kansas City, MO	2.0	1.0	732	$1,000	$1.37	22d	1	0.87mi
3800 N Cherry Ln Kansas City, MO	2.0	1.0	825	$1,138	$1.38	16d	4	1.05mi
3350 N Holmes St Kansas City, MO	2.0	1.0–2.5	975	$3,329	$3.41	3d	91	1.06mi
3622 N Chouteau Trfy Kansas City, MO	2.0	2.0	1000	$1,125	$1.12	45d	1	1.08mi
1619 Orleans Cir North Kansas City, MO	3.0	1.0–2.5	1119	$1,272	$1.14	45d	1	1.08mi
619 NE 41st Ter Kansas City, MO	3.0	1.0	910	$1,495	$1.64	25d	1	1.14mi
4763 N Highland Ave Kansas City, MO	1.0–2.0	1.0	950	$1,195	$1.26	4d	13	1.32mi
2700 Howell Ter Kansas City, MO	1.0	1.0	600	$1,175	$1.96	25d	1	1.39mi
1023 E 22nd Ave Kansas City, MO	2.0	1.5	900	$3,000	$3.33	25d	1	1.40mi
524 E 26th Ave North Kansas City, MO	1.0	1.0	630	$950	$1.51	45d	1	1.41mi
317 E 28th Ave Kansas City, MO	1.0	1.0	648	$1,100	$1.70	5d	1	1.49mi
4431 NE Winn Rd Kansas City, MO	2.0	1.0	600	$1,000	$1.67	25d	1	1.49mi

Listing history 2 events

1. 2026-06-15
   remarks 23-char remark
2. 2026-06-15
   listed $100,000 Pending

ⓘ 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: $1,848 · $154/mo
• Projected year-2 tax: $1,848 · $154/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 4/10 Moderate 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,988
• − Mortgage interest: −$5,602
• − Property taxes: −$1,848
• − Insurance: −$500
• − Repairs & maintenance: −$1,279
• − Management: −$1,279
• − Depreciation: −$2,909
• Taxable income: $2,571
• Est. tax owed @ 24.0%: −$617
• After-tax cash flow: $3,372/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: North Kansas City 74
• NCES district ID: 2922800
• Math proficiency: 38% ▼ -11.00%
• Reading proficiency: 49% ▼ -3.00%
• Median HH income: $55,444
• Composite: 37.88/100
• National rank: #4321
• State rank: #98 of 324 in MO

Livability — Kansas City

• Score: 78/100
• State rank: #28
• US rank: #2671

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kansas City, MO
• County: Clay County · 220,651 people
• City population: 439,467
• Metro: Kansas City, MO-KS
• Population (ZIP): 18,046
• Household income: $64,123
• Rent vs Own: 55.7% rent · 44.3% own
• Severe rent burden: 844.0

Population outlook (Clay County) Hauer SSP2

• Today (2025): 266,022 people
• By 2030: 280,057 · +5.3%
• By 2040: 306,153 · +15.1%
• By 2050: 328,630 · +23.5%
• By 2075: 375,182 · +41.0%
• By 2100: 392,861 · +47.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 63% Two or more races 15% Black 12% Hispanic / Latino 10% Asian 3%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Italian 3% Serbian 2% Lithuanian 2%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 91% English-only · Arabic 2% Spanish 2% Vietnamese 2%

Political lean MEDSL · Clay

• 2024 margin: Lean R (+5.6) · D 46.4% · R 52.0% · Other 1.6%
• 2008→2024 swing: -4.9pp toward R · 2008: -0.7pp · 2024: -5.6pp
• All cycles: 2024: R+5.6 2020: R+4.1 2016: R+11.1 2012: R+8.4 2008: R+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -180.14%
• Current HPI: 256.6222
• Rent YoY: ▲ 4.74%
• Metro: Kansas City, MO-KS
• 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

+43.0% since first listed

6 events — show timeline

• 2026-06-12 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2026-06-12 Listed $100,000 Heartland MLS as Distributed by MLS Grid
• 2019-12-02 Sold (Public Records) — Public Records
• 2007-07-26 Sold (Public Records) — Public Records
• 1997-02-28 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 1996-12-10 Listed $69,950 Heartland MLS as Distributed by MLS Grid

Property tax history

+2.8%/yr

Latest (2025): $1,848 · +12.4% YoY. Source: county tax records.