503 Oak St · Houston, MO 65483

$95,500

3 bd · 1.0 ba · 1,137 sqft · Other public records · 51 Days on market

Built 1900 6,534 sqft lot $84/sqft · 5% below area Est $101k · 5% under

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Why this score? — see what drove the C+ 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 +26.6/30.0
• ARV discount +9.9/15.0
• DSCR +9.1/10.0
• 1% rule +6.0/10.0
• Livability +2.7/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Victorian era farmhouse style home offers 3 bedrooms, 1 bathroom, and an excellent opportunity for investors or for those looking for an affordable home. Located in the center of Houston and within easy walking distance to downtown, schools, and minutes to shopping. Generously sized bedrooms for comfort and a large kitchen in the heart of the home. With minor work, this could be an income producing property almost immediately. Minutes to a public river access, near 1000's of acres of National Forest Land and 2 1/2 hours to St. Louis.

Key facts

• Recent updates
• New hot water heater
• Updated bathroom

Tags

• VICTORIAN-STYLE FARMHOUSE
• RECENT UPDATES
• WALKING DISTANCE TO DOWNTOWN
• UPDATED BATHROOM
• HANDICAP-ACCESSIBLE SHOWER
• NEW HOT WATER HEATER

Property features AI

Exterior

• Utilities: Public water; Public sewer; Propane service
• Home design: Single-family residence; Two levels
• Construction: Block and other foundation; Metal roof; Outbuilding on property
• Exterior features: Front porch; Corner lot; Publicly maintained asphalt city street

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Propane forced-air heating; Central air conditioning; Ceiling fans
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $96k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $96k).
• Recommended offer: $93k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 4.0% in Houston — 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 53/100 on livability (#824 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B; Watch: crime F, amenities F, commute F.
• Houston R-I (rural): math 24% / reading 39% proficiency, ranked #266 of 324 in MO (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Houston Elem. (math 34% / reading 39%, grade F, #656 of 1,115 statewide, top 59%, 432 students, 55% FRL); Houston Middle (math 20% / reading 34%, grade F, #306 of 391 statewide, top 80%, 206 students, 55% FRL); Houston High (math 12% / reading 52%, grade F, #356 of 521 statewide, top 71%, 374 students, 41% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: 90 active listings in the ZIP; 10 units permitted in Texas County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $660 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Texas County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y ago; this cycle's ask has dropped $9k (9%) 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.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,635 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. 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: 1.10% ✓
• Cap rate: 9.51%
• Cash-on-cash: 11.48%
• DSCR: 1.51
• GRM: 7.6

CMA / ARV

• ARV (median comp): $100,878
• List price: $95,500
• Delta: -5.33%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 0.8%
• Equity multiple: 1.03×
• Total profit: $779
• Equity at exit: $14,239

10-year hold

• IRR: 10.4%
• Equity multiple: 1.80×
• Total profit: $21,510
• Equity at exit: $8,257

Cash invested: $26,740 (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 65483

• Home prices YoY: -8.5%
• Active inventory: 90
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,053 medium
• Mortgage (P&I): −$501
• Tax from tax record: −$36 /mo · $430/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $256

Break-even live

Break-even rent $730

Max offer price $95,500

Occupancy floor 71%

Sensitivity live

Price	-10% $310	-5% $283	+0% $256	+5% $229	+10% $202
Rent	-10% $173	-5% $214	+0% $256	+5% $297	+10% $339
Rate	-1.0pp $304	-0.5pp $280	base $256	+0.5pp $231	+1.0pp $206

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: $23,875
• Closing costs: $2,865
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $95,500 Active 51 DOM
2. 2026-06-21
   days on market $95,500 Active 50 DOM
3. 2026-06-18
   days on market $95,500 Active 48 DOM
4. 2026-06-17
   days on market $95,500 Active 47 DOM
5. 2026-06-16
   days on market $95,500 Active 46 DOM
6. 2026-06-15
   days on market $95,500 Active 45 DOM
7. 2026-06-13
   days on market $95,500 Active 43 DOM
8. 2026-06-12
   days on market $95,500 Active 42 DOM
9. 2026-06-09
   days on market $95,500 Active 39 DOM
10. 2026-06-08
    days on market $95,500 Active 38 DOM
11. 2026-06-07
    days on market $95,500 Active 37 DOM
12. 2026-06-07
    days on market $95,500 Active 36 DOM
13. 2026-06-04
    days on market $95,500 Active 33 DOM
14. 2026-06-02
    days on market $95,500 Active 32 DOM
15. 2026-06-01
    days on market $95,500 Active 31 DOM
16. 2026-05-31
    days on market $95,500 Active 30 DOM
17. 2026-05-12
    price $99,500 1241-char remark
18. 2026-04-29
    listed $104,500 Active 1241-char remark
19. 2024-10-22
    soldstatus Closed 544-char remark

    Show marketing remark (544 chars)

    This Victorian era farmhouse style home offers 3 bedrooms, 1 bathroom, and an excellent opportunity for investors or for those looking for an affordable home. Located in the center of Houston and within easy walking distance to downtown, schools, and minutes to shopping. Generously sized bedrooms for comfort and a large kitchen in the heart of the home. With minor work, this could be an income producing property almost immediately. Minutes to a public river access, near 1000's of acres of National Forest Land and 2 1/2 hours to St. Louis.

20. 2024-10-11
    status Pending 544-char remark

    Show marketing remark (544 chars)

    This Victorian era farmhouse style home offers 3 bedrooms, 1 bathroom, and an excellent opportunity for investors or for those looking for an affordable home. Located in the center of Houston and within easy walking distance to downtown, schools, and minutes to shopping. Generously sized bedrooms for comfort and a large kitchen in the heart of the home. With minor work, this could be an income producing property almost immediately. Minutes to a public river access, near 1000's of acres of National Forest Land and 2 1/2 hours to St. Louis.

21. 2024-06-27
    price $55,900 544-char remark

    Show marketing remark (544 chars)

    This Victorian era farmhouse style home offers 3 bedrooms, 1 bathroom, and an excellent opportunity for investors or for those looking for an affordable home. Located in the center of Houston and within easy walking distance to downtown, schools, and minutes to shopping. Generously sized bedrooms for comfort and a large kitchen in the heart of the home. With minor work, this could be an income producing property almost immediately. Minutes to a public river access, near 1000's of acres of National Forest Land and 2 1/2 hours to St. Louis.

22. 2024-05-16
    listed $66,900 Active 544-char remark

    Show marketing remark (544 chars)

    This Victorian era farmhouse style home offers 3 bedrooms, 1 bathroom, and an excellent opportunity for investors or for those looking for an affordable home. Located in the center of Houston and within easy walking distance to downtown, schools, and minutes to shopping. Generously sized bedrooms for comfort and a large kitchen in the heart of the home. With minor work, this could be an income producing property almost immediately. Minutes to a public river access, near 1000's of acres of National Forest Land and 2 1/2 hours to St. Louis.

23. 2014-03-27
    soldstatus

    Show marketing remark (319 chars)

    Great starter home or rental investment!! Pretty corner lot with mature trees and perennials. Nice, vinyl sided, farmhouse style home has one BR on main level and 2 upper level BR's, oak cabinets and central heat and air. House is move in ready! Property was built prior to 1978 and lead-based paint potentially exists.

24. 2014-02-18
    listed $25,000

    Show marketing remark (319 chars)

    Great starter home or rental investment!! Pretty corner lot with mature trees and perennials. Nice, vinyl sided, farmhouse style home has one BR on main level and 2 upper level BR's, oak cabinets and central heat and air. House is move in ready! Property was built prior to 1978 and lead-based paint potentially exists.

ⓘ 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: $430 · $36/mo
• Projected year-2 tax: $926 · $77/mo
• Expected delta: +$497/yr (+$41/mo · 115.7%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $12,640
• − Mortgage interest: −$5,349
• − Property taxes: −$430
• − Insurance: −$478
• − Repairs & maintenance: −$1,011
• − Management: −$1,011
• − Depreciation: −$2,778
• Taxable income: $1,583
• Est. tax owed @ 24.0%: −$380
• After-tax cash flow: $2,689/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: Houston R-I
• NCES district ID: 2914840
• Math proficiency: 24% ▼ -2.00%
• Reading proficiency: 39% ▬ 0.00%
• Median HH income: $34,169
• Composite: 25.88/100
• National rank: #7344
• State rank: #266 of 324 in MO

Livability — Houston

• Score: 53/100
• State rank: #824
• US rank: #24484

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Houston, MO
• Population (ZIP): 4,607

Population outlook (Texas County) Hauer SSP2

• Today (2025): 24,648 people
• By 2030: 23,981 · -2.7%
• By 2040: 22,840 · -7.3%
• By 2050: 21,832 · -11.4%
• By 2075: 19,481 · -21.0%
• By 2100: 16,634 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Slovak 3% Danish 2% Iranian 2%
• Foreign-born: 0%
• Languages at home: 98% English-only · Tagalog/Filipino 1% German/W. Germanic 1%

Political lean MEDSL · Texas

• 2024 margin: Solid R (+71.7) · D 13.8% · R 85.5%
• 2008→2024 swing: -36.7pp toward R · 2008: -35.1pp · 2024: -71.7pp
• All cycles: 2024: R+71.7 2020: R+68.6 2016: R+65.4 2012: R+44.1 2008: R+35.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -20.78%
• Current HPI: 224.0504
• 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

+282.0% since first listed

9 events — show timeline

• 2026-05-27 Price Changed $95,500 SOMO
• 2026-05-12 Price Changed $99,500 SOMO
• 2026-04-29 Listed $104,500 SOMO
• 2024-10-22 Sold (MLS) — SOMO
• 2024-10-11 Pending — SOMO
• 2024-06-27 Price Changed $55,900 SOMO
• 2024-05-16 Listed $66,900 SOMO
• 2014-03-27 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2014-02-18 Listed $25,000 MARIS as Distributed by MLS Grid

Property tax history

+3.6%/yr

Latest (2025): $430 · -0.8% YoY. Source: county tax records.