8711 E Smart Ave · Independence, MO 64053

$150,000

3 bd · 1.0 ba · 1,197 sqft · SingleFamily public records · 138 Days on market

Built 1920 4,356 sqft lot $125/sqft · 29% above area Est $122k · 23% over

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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 +15.7/30.0
• Appreciation +10.0/10.0
• DSCR +4.8/10.0
• Livability +4.1/5.0
• 1% rule +3.2/10.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Completely updated and move-in ready, this 3-bedroom, 2-bath home in desirable Independence, Missouri offers modern comfort with stylish upgrades throughout. The brand-new kitchen features contemporary finishes, with new range and refrigerator. Both bathrooms have been fully renovated, providing a clean, modern look, while new flooring throughout the home adds a cohesive and polished feel. An updated HVAC system ensures year-round comfort, and the newly added deck creates the perfect space for outdoor relaxing or entertaining. Conveniently located and thoughtfully remodeled, this home is an excellent opportunity for anyone looking for quality, style, and peace of mind in a great location.

Key facts

• Updated hvac system
• New flooring
• Updated kitchen

Tags

• UPDATED KITCHEN
• FULLY RENOVATED BATHROOMS
• NEW FLOORING
• UPDATED HVAC SYSTEM
• NEWLY ADDED DECK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $66 ($790/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (17.8% below list).
• Recommended offer: $123k (17.8% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 5.0% in Independence — 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 82/100 on livability (#10 in MO, #1,296 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, employment D+, crime F.
• Independence 30 (suburban): math 26% / reading 38% proficiency, ranked #252 of 324 in MO (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 46 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 44% 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 31% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Jackson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $18k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,299 (17.8% below list)

Questions for the listing agent

1. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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. 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?
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: 0.82% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.88%
• DSCR: 1.08
• GRM: 10.1

CMA / ARV

• ARV (median comp): $122,097
• List price: $150,000
• Delta: 22.85%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8727 E Lexington Ave	0.08mi	2/1.0 (-1)	1,320 (+10%)	3mo	$99,900	$76	72
8810 Smart Ave	0.11mi	4/4.0 (+1)	1,260 (+5%)	1mo	$160,000	$127	68
8610 Smart Ave	0.15mi	3/2.0	1,280 (+7%)	16mo	$175,000	$137	64
537 S Brookside Ave	0.59mi	3/1.0	1,185 (-1%)	8mo	$162,500	$137	64
8715 E Roberts St	0.11mi	3/1.5	1,056 (-12%)	12mo	$20,000	$19	64
716 Lewis Ave	0.27mi	3/1.0	1,062 (-11%)	8mo	$49,000	$46	62
806 Utley Ave	0.47mi	3/2.0	1,345 (+12%)	4mo	$119,900	$89	50
531 S Brookside Ave	0.59mi	3/2.0	1,133 (-5%)	12mo	$165,000	$146	50
807 Ditman Ave	0.43mi	3/1.5	1,300 (+9%)	17mo	$129,900	$100	50
136 N Brookside Ave	0.68mi	2/1.0 (-1)	1,181 (-1%)	16mo	$98,000	$83	48
585 S Glenwood Ave	0.72mi	3/1.0	1,075 (-10%)	14mo	$175,000	$163	38
434 Tullis Ave	0.51mi	4/3.0 (+1)	1,344 (+12%)	20mo	$99,900	$74	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 25.6%
• Equity multiple: 3.04×
• Total profit: $85,826
• Equity at exit: $135,132

10-year hold

• IRR: 22.5%
• Equity multiple: 6.94×
• Total profit: $249,326
• Equity at exit: $291,417

Cash invested: $42,000 (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 64053

• Home prices YoY: 17.9%
• Active inventory: 46
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,233 high
• Mortgage (P&I): −$787
• Tax from tax record: −$59 /mo · $710/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $66

Break-even live

Break-even rent $1,150

Max offer price $150,000

Occupancy floor 90%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8705 E Smart Ave Independence, MO	2.0	1.0	750	$1,000	$1.33	44d	1	0.02mi
576 S Oxford Ave Independence, MO	3.0	2.0	1098	$1,400	$1.28	44d	1	0.64mi
600 S Glenwood Ave Unit F Independence, MO	2.0	1.0	750	$995	$1.33	20d	1	0.69mi
100 S Oxford Ave Independence, MO	3.0	2.0	1141	$1,425	$1.25	44d	1	0.70mi
554 S Arlington Ave Independence, MO	4.0	1.0	1161	$1,395	$1.20	15d	1	0.81mi
1138 S Glenwood Ave Independence, MO	2.0	1.0	1180	$1,095	$0.93	20d	1	0.93mi
9528 E Winner Rd Independence, MO	1.0–3.0	1.0	730	$1,099	$1.51	44d	1	0.95mi
10104 E Golf Ave Independence, MO	3.0	2.0	1205	$1,395	$1.16	15d	1	1.18mi
1704 S Brookside Ave Independence, MO	4.0	1.0	834	$1,450	$1.74	15d	1	1.25mi

Listing history 35 events

1. 2026-06-18
   days on market $150,000 Active 138 DOM
2. 2026-06-17
   days on market $150,000 Active 137 DOM
3. 2026-06-16
   days on market $150,000 Active 136 DOM
4. 2026-06-15
   days on market $150,000 Active 135 DOM
5. 2026-06-13
   days on market $150,000 Active 133 DOM
6. 2026-06-09
   days on market $150,000 Active 129 DOM
7. 2026-06-08
   pricedays on market $150,000 Active 128 DOM
8. 2026-06-07
   days on market $156,000 Active 127 DOM
9. 2026-06-05
   days on market $156,000 Active 124 DOM
10. 2026-06-03
    days on market $156,000 Active 123 DOM
11. 2026-06-02
    days on market $156,000 Active 122 DOM
12. 2026-06-01
    days on market $156,000 Active 121 DOM
13. 2026-05-31
    days on market $156,000 Active 120 DOM
14. 2026-05-15
    price $158,500 697-char remark

    Show marketing remark (697 chars)

    Completely updated and move-in ready, this 3-bedroom, 2-bath home in desirable Independence, Missouri offers modern comfort with stylish upgrades throughout. The brand-new kitchen features contemporary finishes, with new range and refrigerator. Both bathrooms have been fully renovated, providing a clean, modern look, while new flooring throughout the home adds a cohesive and polished feel. An updated HVAC system ensures year-round comfort, and the newly added deck creates the perfect space for outdoor relaxing or entertaining. Conveniently located and thoughtfully remodeled, this home is an excellent opportunity for anyone looking for quality, style, and peace of mind in a great location.

15. 2026-04-13
    price $162,500 697-char remark

    Show marketing remark (697 chars)

    Completely updated and move-in ready, this 3-bedroom, 2-bath home in desirable Independence, Missouri offers modern comfort with stylish upgrades throughout. The brand-new kitchen features contemporary finishes, with new range and refrigerator. Both bathrooms have been fully renovated, providing a clean, modern look, while new flooring throughout the home adds a cohesive and polished feel. An updated HVAC system ensures year-round comfort, and the newly added deck creates the perfect space for outdoor relaxing or entertaining. Conveniently located and thoughtfully remodeled, this home is an excellent opportunity for anyone looking for quality, style, and peace of mind in a great location.

16. 2026-03-19
    price $165,000 697-char remark

    Show marketing remark (697 chars)

    Completely updated and move-in ready, this 3-bedroom, 2-bath home in desirable Independence, Missouri offers modern comfort with stylish upgrades throughout. The brand-new kitchen features contemporary finishes, with new range and refrigerator. Both bathrooms have been fully renovated, providing a clean, modern look, while new flooring throughout the home adds a cohesive and polished feel. An updated HVAC system ensures year-round comfort, and the newly added deck creates the perfect space for outdoor relaxing or entertaining. Conveniently located and thoughtfully remodeled, this home is an excellent opportunity for anyone looking for quality, style, and peace of mind in a great location.

17. 2026-02-23
    price $166,500 697-char remark

    Show marketing remark (697 chars)

    Completely updated and move-in ready, this 3-bedroom, 2-bath home in desirable Independence, Missouri offers modern comfort with stylish upgrades throughout. The brand-new kitchen features contemporary finishes, with new range and refrigerator. Both bathrooms have been fully renovated, providing a clean, modern look, while new flooring throughout the home adds a cohesive and polished feel. An updated HVAC system ensures year-round comfort, and the newly added deck creates the perfect space for outdoor relaxing or entertaining. Conveniently located and thoughtfully remodeled, this home is an excellent opportunity for anyone looking for quality, style, and peace of mind in a great location.

18. 2026-01-31
    listed $168,500 Active 697-char remark

    Show marketing remark (697 chars)

    Completely updated and move-in ready, this 3-bedroom, 2-bath home in desirable Independence, Missouri offers modern comfort with stylish upgrades throughout. The brand-new kitchen features contemporary finishes, with new range and refrigerator. Both bathrooms have been fully renovated, providing a clean, modern look, while new flooring throughout the home adds a cohesive and polished feel. An updated HVAC system ensures year-round comfort, and the newly added deck creates the perfect space for outdoor relaxing or entertaining. Conveniently located and thoughtfully remodeled, this home is an excellent opportunity for anyone looking for quality, style, and peace of mind in a great location.

19. 2025-03-26
    soldstatus
20. 2025-03-25
    soldstatus Closed 652-char remark

    Show marketing remark (652 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bathroom home located in the highly sought-after area of Independence, Missouri. This stunning property boasts a range of impressive updates, including a brand-new kitchen equipped with modern appliances and stylish finishes. The bathrooms have been tastefully renovated, offering a fresh and contemporary feel. New flooring throughout the home adds a touch of elegance, while the updated HVAC system ensures year-round comfort. With its prime location and exceptional upgrades, this home is a must-see opportunity you won't want to miss! Seller will install new range and refrigerator before closing.

21. 2025-02-23
    historical Active Under Contract 652-char remark

    Show marketing remark (652 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bathroom home located in the highly sought-after area of Independence, Missouri. This stunning property boasts a range of impressive updates, including a brand-new kitchen equipped with modern appliances and stylish finishes. The bathrooms have been tastefully renovated, offering a fresh and contemporary feel. New flooring throughout the home adds a touch of elegance, while the updated HVAC system ensures year-round comfort. With its prime location and exceptional upgrades, this home is a must-see opportunity you won't want to miss! Seller will install new range and refrigerator before closing.

22. 2025-02-21
    price $139,900 652-char remark

    Show marketing remark (652 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bathroom home located in the highly sought-after area of Independence, Missouri. This stunning property boasts a range of impressive updates, including a brand-new kitchen equipped with modern appliances and stylish finishes. The bathrooms have been tastefully renovated, offering a fresh and contemporary feel. New flooring throughout the home adds a touch of elegance, while the updated HVAC system ensures year-round comfort. With its prime location and exceptional upgrades, this home is a must-see opportunity you won't want to miss! Seller will install new range and refrigerator before closing.

23. 2025-02-11
    price $149,900 652-char remark

    Show marketing remark (652 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bathroom home located in the highly sought-after area of Independence, Missouri. This stunning property boasts a range of impressive updates, including a brand-new kitchen equipped with modern appliances and stylish finishes. The bathrooms have been tastefully renovated, offering a fresh and contemporary feel. New flooring throughout the home adds a touch of elegance, while the updated HVAC system ensures year-round comfort. With its prime location and exceptional upgrades, this home is a must-see opportunity you won't want to miss! Seller will install new range and refrigerator before closing.

24. 2025-01-31
    listed $160,000 Active 652-char remark

    Show marketing remark (652 chars)

    Welcome to this beautifully remodeled 3-bedroom, 2-bathroom home located in the highly sought-after area of Independence, Missouri. This stunning property boasts a range of impressive updates, including a brand-new kitchen equipped with modern appliances and stylish finishes. The bathrooms have been tastefully renovated, offering a fresh and contemporary feel. New flooring throughout the home adds a touch of elegance, while the updated HVAC system ensures year-round comfort. With its prime location and exceptional upgrades, this home is a must-see opportunity you won't want to miss! Seller will install new range and refrigerator before closing.

25. 2024-09-23
    soldstatus Closed
26. 2024-09-23
    soldstatus
27. 2024-09-15
    status Pending
28. 2024-08-21
    price $39,500
29. 2024-07-25
    price $47,000
30. 2024-07-09
    price $54,995
31. 2024-06-24
    listed $59,995 Active
32. 2024-05-13
    soldstatus
33. 2005-09-14
    soldstatus
34. 2004-06-07
    soldstatus
35. 1981-08-01
    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: $710 · $59/mo
• Projected year-2 tax: $1,455 · $121/mo
• Expected delta: +$746/yr (+$62/mo · 105.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥106°F today · 16 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: $14,796
• − Mortgage interest: −$8,402
• − Property taxes: −$710
• − Insurance: −$750
• − Repairs & maintenance: −$1,184
• − Management: −$1,184
• − Depreciation: −$4,364
• Taxable loss: −$1,797
• Est. tax savings @ 24.0%: +$431
• After-tax cash flow: $1,221/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: Independence 30
• NCES district ID: 2915480
• Math proficiency: 26% ▼ -8.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $41,843
• Composite: 27.04/100
• National rank: #7054
• State rank: #252 of 324 in MO

Livability — Independence

• Score: 82/100
• State rank: #10
• US rank: #1296

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Independence, MO
• County: Jackson County · 687,798 people
• City population: 117,675
• Metro: Kansas City, MO-KS
• Population (ZIP): 6,775
• Household income: $47,285
• Rent vs Own: 47.3% rent · 52.7% own
• Severe rent burden: 330.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 59% Hispanic / Latino 28% Two or more races 14% Black 9% Native American 3%
• Hispanic origin (detail): Mexican 25%
• Common ancestry: Italian 12% Lithuanian 3% Slovak 1%
• Foreign-born: 12% · Canada, China
• Languages at home: 78% English-only · Spanish 21%

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: ▲ 52.69%
• Current HPI: 347.9512
• Rent YoY: —
• 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

+164.2% since first listed

22 events — show timeline

• 2026-05-15 Price Changed $158,500 Heartland MLS as Distributed by MLS Grid
• 2026-04-13 Price Changed $162,500 Heartland MLS as Distributed by MLS Grid
• 2026-03-19 Price Changed $165,000 Heartland MLS as Distributed by MLS Grid
• 2026-02-23 Price Changed $166,500 Heartland MLS as Distributed by MLS Grid
• 2026-01-31 Listed $168,500 Heartland MLS as Distributed by MLS Grid
• 2025-03-26 Sold (Public Records) — Public Records
• 2025-03-25 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2025-02-23 Contingent — Heartland MLS as Distributed by MLS Grid
• 2025-02-21 Price Changed $139,900 Heartland MLS as Distributed by MLS Grid
• 2025-02-11 Price Changed $149,900 Heartland MLS as Distributed by MLS Grid
• 2025-01-31 Listed $160,000 Heartland MLS as Distributed by MLS Grid
• 2024-09-23 Sold (Public Records) — Public Records
• 2024-09-23 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2024-09-15 Pending — Heartland MLS as Distributed by MLS Grid
• 2024-08-21 Price Changed $39,500 Heartland MLS as Distributed by MLS Grid
• 2024-07-25 Price Changed $47,000 Heartland MLS as Distributed by MLS Grid
• 2024-07-09 Price Changed $54,995 Heartland MLS as Distributed by MLS Grid
• 2024-06-24 Listed $59,995 Heartland MLS as Distributed by MLS Grid
• 2024-05-13 Sold (Public Records) — Public Records
• 2005-09-14 Sold (Public Records) — Public Records
• 2004-06-07 Sold (Public Records) — Public Records
• 1981-08-01 Sold (Public Records) — Public Records

Property tax history

+2.9%/yr

Latest (2025): $710 · -0.0% YoY. Source: county tax records.