4514 E 113th St · Kansas City, MO 64137

$180,000

4 bd · 1.5 ba · 2,156 sqft · SingleFamily public records · 11 Days on market

Built 1956 10,454 sqft lot $83/sqft · 30% below area Est $220k · 18% 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 +25.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.8/10.0
• Rent growth +4.3/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Offer being negotiated with HUD. Should know Thursday or Friday if contract is accepted. INCREDIBLE CONDITION FOR HUD PROPERTY! Kitchen offers a pantry, tile flooring, granite counter top, & Butler's Pantry area w/ extra cabinets. Master BR has private Half Bath. Main Level Bath has jacuzzi tub. Hardwood floor in main BR's. Finished LL Family Rm includes 2nd Kitchen/Bar (needs flooring). HUGE DECK! RV parking w/ concrete drive along side of home. Corner Lot. Great Location only minutes from 71/435/470.

Key facts

• Strong bones
• Finished basement
• Functional layout

Tags

• CORNER LOT
• LARGE REAR DECK
• FINISHED BASEMENT
• FUNCTIONAL LAYOUT
• STRONG BONES

Property features AI

Finance

• Other: Inside city limits
• HOA & community: No association fees

Exterior

• Parking: Attached built-in garage that faces front; 1-car garage
• Utilities: Public water; Public sewer; Cable, fiber, high-speed internet available
• Home design: Single family residence; Ranch floor plan; Residential property
• Construction: Composition roof; Other construction materials; Home age approximately 51–75 years
• Exterior features: Deck; Patio; Satellite dish allowed; City limits, city lot, corner lot, level; Paved road with public maintenance

Interior

• Kitchen: Ceramic tile in kitchen; Granite counters; Pantry
• Bedrooms: 3 bedrooms (primary and two additional bedrooms on the main level); Basement bedroom
• Flooring: Wood floors in bedrooms and select rooms; Carpet in living area; Laminate counters listed in an additional room; Ceramic tile in select rooms (kitchen, breakfast area, baths)
• Bathrooms: 2 full bathrooms; 1 half bathroom; One bath with shower over tub (main level); One basement bath with granite counters and shower
• Heating & cooling: Forced air heating; Electric cooling (central air)
• Interior features: Storm partial windows and thermal windows; Storm door(s); Basement bedroom with finished, full basement and inside entrance; Main floor primary bedroom, main floor bedroom, formal living room, family room on main level
• Laundry & utility: Washer/dryer location not specified

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $444 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Cap rate 9.2% 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.
• Hickman Mills C-1 (urban): math 8% / reading 18% proficiency, ranked #314 of 324 in MO (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Warford Elementary (math 12% / reading 17%, grade F, #993 of 1,115 statewide, top 90%, 394 students, 100% FRL); Ruskin High School (math 8% / reading 47%, grade F, #416 of 521 statewide, top 80%, 1,273 students, 100% FRL) — zoned schools average 100% FRL vs 78% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.3%/yr); 58 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,002 units permitted in Jackson County in 2024 (2,271 in 5+ unit buildings).
• This rent runs 39% of the median local income ($66k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Jackson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 7.3% rent growth), your $50k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 20y 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 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $180,000

Questions for the listing agent

1. Built in 1956 — 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: 1.18% ✓
• Cap rate: 9.25%
• Cash-on-cash: 10.56%
• DSCR: 1.47
• GRM: 7.1

CMA / ARV

• ARV (median comp): $219,849
• List price: $180,000
• Delta: -18.13%
• 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
4510 E 112 St	0.11mi	3/2.0 (-1)	2,056 (-5%)	7mo	$150,000	$73	74
4507 E 110th Ter	0.24mi	4/3.0	2,112 (-2%)	8mo	$300,000	$142	73
11104 Norby Rd	0.18mi	5/3.0 (+1)	2,130 (-1%)	10mo	$242,000	$114	70
4407 E 112th St	0.14mi	4/2.0	1,968 (-9%)	9mo	$214,900	$109	69
4307 E 110 St	0.37mi	4/2.5	2,106 (-2%)	10mo	$300,000	$142	67
4514 E 113th St	0.00mi	3/2.5 (-1)	1,847 (-14%)	1mo	$180,000	$97	67
11410 Jackson Ave	0.33mi	4/2.5	2,237 (+4%)	10mo	$269,000	$120	66
4504 E 114th St	0.13mi	4/2.0	1,920 (-11%)	12mo	$270,000	$141	64
4309 Grandview Rd	0.54mi	4/3.0	2,312 (+7%)	1mo	$340,000	$147	56
11105 Askew Ave	0.67mi	3/2.0 (-1)	2,075 (-4%)	3mo	$269,000	$130	53
10912 Myrtle Ave	0.63mi	4/3.0	2,442 (+13%)	7mo	$272,500	$112	37
3703 E 113th Ter	0.60mi	4/3.0	1,890 (-12%)	11mo	$189,000	$100	36

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 · 7.33% rent growth · sell at horizon

5-year hold

• IRR: 4.3%
• Equity multiple: 1.17×
• Total profit: $8,747
• Equity at exit: $26,839

10-year hold

• IRR: 17.4%
• Equity multiple: 2.73×
• Total profit: $87,351
• Equity at exit: $15,563

Cash invested: $50,400 (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 64137

• Rents YoY: 7.3%
• Active inventory: 58
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,120 high
• Mortgage (P&I): −$944
• Tax from tax record: −$213 /mo · $2,550/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $444

Break-even live

Break-even rent $1,559

Max offer price $180,000

Occupancy floor 74%

Sensitivity live

Price	-10% $545	-5% $495	+0% $444	+5% $393	+10% $342
Rent	-10% $276	-5% $360	+0% $444	+5% $527	+10% $611
Rate	-1.0pp $534	-0.5pp $489	base $444	+0.5pp $397	+1.0pp $349

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11204 Kensington Ave Kansas City, MO	4.0	4.0	2653	$2,400	$0.90	24d	1	0.18mi
3329 Bridge Manor Dr Kansas City, MO	5.0	1.5	1476	$1,800	$1.22	11d	1	0.79mi
5705 E 109th Ter Kansas City, MO	3.0	1.0	1545	$1,395	$0.90	44d	1	0.82mi
11247 Calico Dr Kansas City, MO	3.0	2.5	1424	$1,625	$1.14	44d	1	0.88mi
11255 Calico Dr Kansas City, MO	3.0	1.5	1424	$1,675	$1.18	44d	1	0.88mi
6201 E Red Bridge Rd Kansas City, MO	3.0	2.0	1592	$1,645	$1.03	16d	1	1.03mi
11009 Ewing Ave Kansas City, MO	4.0	1.0	1416	$1,595	$1.13	44d	1	1.38mi
11720 Newton Ave Kansas City, MO	2.0–3.0	1.5–3.0	1293	$1,699	$1.31	2d	9	1.39mi

Listing history 15 events

1. 2026-05-05
   status Pending 888-char remark
2. 2026-04-24
   listed $180,000 Active 888-char remark
3. 2021-01-14
   soldstatus Closed 512-char remark

   Show marketing remark (512 chars)

   Offer being negotiated with HUD. Should know Thursday or Friday if contract is accepted. INCREDIBLE CONDITION FOR HUD PROPERTY! Kitchen offers a pantry, tile flooring, granite counter top, & Butler's Pantry area w/ extra cabinets. Master BR has private Half Bath. Main Level Bath has jacuzzi tub. Hardwood floor in main BR's. Finished LL Family Rm includes 2nd Kitchen/Bar (needs flooring). HUGE DECK! RV parking w/ concrete drive along side of home. Corner Lot. Great Location only minutes from 71/435/470.

4. 2020-12-01
   status Pending 512-char remark

   Show marketing remark (512 chars)

   Offer being negotiated with HUD. Should know Thursday or Friday if contract is accepted. INCREDIBLE CONDITION FOR HUD PROPERTY! Kitchen offers a pantry, tile flooring, granite counter top, & Butler's Pantry area w/ extra cabinets. Master BR has private Half Bath. Main Level Bath has jacuzzi tub. Hardwood floor in main BR's. Finished LL Family Rm includes 2nd Kitchen/Bar (needs flooring). HUGE DECK! RV parking w/ concrete drive along side of home. Corner Lot. Great Location only minutes from 71/435/470.

5. 2020-10-29
   listed $153,000 Active 512-char remark

   Show marketing remark (512 chars)

   Offer being negotiated with HUD. Should know Thursday or Friday if contract is accepted. INCREDIBLE CONDITION FOR HUD PROPERTY! Kitchen offers a pantry, tile flooring, granite counter top, & Butler's Pantry area w/ extra cabinets. Master BR has private Half Bath. Main Level Bath has jacuzzi tub. Hardwood floor in main BR's. Finished LL Family Rm includes 2nd Kitchen/Bar (needs flooring). HUGE DECK! RV parking w/ concrete drive along side of home. Corner Lot. Great Location only minutes from 71/435/470.

6. 2016-12-22
   soldstatus Sold

   Show marketing remark (613 chars)

   Beautifully updated ranch home in south Kansas City. Custom kitchen cabinets with granite counter tops and stainless steel appliances. Large deck right off the kitchen is great for entertaining. Updated 200amp Electric Panel with updated service inside and outside. New Water and Sewer lines installed. Completely Finished basement with separate living quarters. Custom Kitchen Cabinets in basement kitchenette and stainless steel refrigerator also stays with house. Large corner lot with basketball pad. Hardwood floors in all bedrooms and hardwood floors are under the carpet in the living room and dining room.

7. 2016-12-22
   soldstatus

   Show marketing remark (613 chars)

   Beautifully updated ranch home in south Kansas City. Custom kitchen cabinets with granite counter tops and stainless steel appliances. Large deck right off the kitchen is great for entertaining. Updated 200amp Electric Panel with updated service inside and outside. New Water and Sewer lines installed. Completely Finished basement with separate living quarters. Custom Kitchen Cabinets in basement kitchenette and stainless steel refrigerator also stays with house. Large corner lot with basketball pad. Hardwood floors in all bedrooms and hardwood floors are under the carpet in the living room and dining room.

8. 2016-11-13
   status Pending

   Show marketing remark (613 chars)

   Beautifully updated ranch home in south Kansas City. Custom kitchen cabinets with granite counter tops and stainless steel appliances. Large deck right off the kitchen is great for entertaining. Updated 200amp Electric Panel with updated service inside and outside. New Water and Sewer lines installed. Completely Finished basement with separate living quarters. Custom Kitchen Cabinets in basement kitchenette and stainless steel refrigerator also stays with house. Large corner lot with basketball pad. Hardwood floors in all bedrooms and hardwood floors are under the carpet in the living room and dining room.

9. 2016-09-14
   status Active

   Show marketing remark (613 chars)

   Beautifully updated ranch home in south Kansas City. Custom kitchen cabinets with granite counter tops and stainless steel appliances. Large deck right off the kitchen is great for entertaining. Updated 200amp Electric Panel with updated service inside and outside. New Water and Sewer lines installed. Completely Finished basement with separate living quarters. Custom Kitchen Cabinets in basement kitchenette and stainless steel refrigerator also stays with house. Large corner lot with basketball pad. Hardwood floors in all bedrooms and hardwood floors are under the carpet in the living room and dining room.

10. 2016-09-04
    status Pending

    Show marketing remark (613 chars)

    Beautifully updated ranch home in south Kansas City. Custom kitchen cabinets with granite counter tops and stainless steel appliances. Large deck right off the kitchen is great for entertaining. Updated 200amp Electric Panel with updated service inside and outside. New Water and Sewer lines installed. Completely Finished basement with separate living quarters. Custom Kitchen Cabinets in basement kitchenette and stainless steel refrigerator also stays with house. Large corner lot with basketball pad. Hardwood floors in all bedrooms and hardwood floors are under the carpet in the living room and dining room.

11. 2016-08-17
    listed $129,900 Active

    Show marketing remark (613 chars)

    Beautifully updated ranch home in south Kansas City. Custom kitchen cabinets with granite counter tops and stainless steel appliances. Large deck right off the kitchen is great for entertaining. Updated 200amp Electric Panel with updated service inside and outside. New Water and Sewer lines installed. Completely Finished basement with separate living quarters. Custom Kitchen Cabinets in basement kitchenette and stainless steel refrigerator also stays with house. Large corner lot with basketball pad. Hardwood floors in all bedrooms and hardwood floors are under the carpet in the living room and dining room.

12. 2006-06-27
    soldstatus
13. 2006-06-22
    soldstatus
14. 2006-01-17
    listed $119,900
15. 1993-12-10
    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: $2,550 · $213/mo
• Projected year-2 tax: $2,550 · $213/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 ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,443
• − Mortgage interest: −$10,083
• − Property taxes: −$2,550
• − Insurance: −$900
• − Repairs & maintenance: −$2,035
• − Management: −$2,035
• − Depreciation: −$5,236
• Taxable income: $2,603
• Est. tax owed @ 24.0%: −$625
• After-tax cash flow: $4,698/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: Hickman Mills C-1
• NCES district ID: 2914340
• Math proficiency: 8% ▼ -8.00%
• Reading proficiency: 18% ▼ -4.00%
• Median HH income: $40,908
• Composite: 11.2/100
• National rank: #9725
• State rank: #314 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: Jackson County · 687,798 people
• City population: 439,467
• Metro: Kansas City, MO-KS
• Population (ZIP): 9,422
• Household income: $66,036
• Rent vs Own: 49.9% rent · 50.1% own
• Severe rent burden: 356.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 719,589 people
• By 2030: 731,456 · +1.6%
• By 2040: 746,689 · +3.8%
• By 2050: 749,289 · +4.1%
• By 2075: 736,227 · +2.3%
• By 2100: 668,210 · -7.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 23% Two or more races 7% Hispanic / Latino 5% Asian 3%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 5% Italian 3% Romanian 2%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 3% Arabic 3% French/Haitian/Cajun 1%

Political lean MEDSL · Jackson

• 2024 margin: D (+19.3) · D 58.9% · R 39.5% · Other 1.6%
• 2008→2024 swing: -6.1pp toward R · 2008: 25.4pp · 2024: 19.3pp
• All cycles: 2024: D+19.3 2020: D+22.0 2016: D+16.6 2012: D+19.0 2008: D+25.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -145.45%
• Current HPI: 255.0556
• Rent YoY: ▲ 7.33%
• 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

+50.1% since first listed

16 events — show timeline

• 2026-06-04 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2026-05-05 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-04-24 Listed $180,000 Heartland MLS as Distributed by MLS Grid
• 2021-01-14 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2020-12-01 Pending — Heartland MLS as Distributed by MLS Grid
• 2020-10-29 Listed $153,000 Heartland MLS as Distributed by MLS Grid
• 2016-12-22 Sold (Public Records) — Public Records
• 2016-12-22 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2016-11-13 Pending — Heartland MLS as Distributed by MLS Grid
• 2016-09-14 Relisted — Heartland MLS as Distributed by MLS Grid
• 2016-09-04 Pending — Heartland MLS as Distributed by MLS Grid
• 2016-08-17 Listed $129,900 Heartland MLS as Distributed by MLS Grid
• 2006-06-27 Sold (Public Records) — Public Records
• 2006-06-22 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2006-01-17 Listed $119,900 Heartland MLS as Distributed by MLS Grid
• 1993-12-10 Sold (Public Records) — Public Records

Property tax history

+5.2%/yr

Latest (2025): $2,550 · -0.3% YoY. Source: county tax records.