600 S Walker (aka 508 S Walker) · Gideon, MO 63848

$35,000

3 bd · 2.0 ba · 1,240 sqft · SingleFamily · 4 Days on market

Built 2005 0.34 ac lot Est $60k · 41% under ↓ 42% since listing

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.0/10.0
• Livability +2.9/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

2005 modular home offering 3 bedrooms and 2 bathrooms with a spacious living room, kitchen, and dining area. The property also includes a 24' x 28' outbuilding, providing additional storage or workshop space. This property offers plenty of potential for a variety of uses. All offers must be submitted through Propoffers.com. Buyers and buyer's agents should verify all information to their satisfaction. Property is being sold as-is.

Key facts

• Outbuilding
• Modular home
• Kitchen

Tags

• MODULAR HOME
• SPACIOUS LIVING ROOM
• KITCHEN
• DINING AREA
• OUTBUILDING
• ADDITIONAL STORAGE

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electric service by Ameren; Electricity connected; Water available; Sewer available
• Home design: Single-family residence; One level
• Construction: Vinyl siding
• Exterior features: City lot; Shed(s)

Interior

• Kitchen: Range
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Electric forced air heating; Central air; Wall/window unit(s); Ceiling fan(s)
• Interior features: Kitchen/Dining room combo; Crawl space basement
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $560 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).

Location & tenants

• Location reads 57/100 on livability (#654 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Gideon 37 (rural): math 25% / reading 35% proficiency, ranked #469 of 535 in MO (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Gideon Elem. (math 32% / reading 42%, grade F, #611 of 1,115 statewide, top 59%, 114 students, 97% FRL); Gideon High (math 22% / reading 32%, grade F, #420 of 521 statewide, top 82%, 101 students, 97% FRL) — zoned schools average 97% FRL vs 52% district-wide (45 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 8 active listings in the ZIP; 11 units permitted in New Madrid County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($242 loan paydown + $1k appreciation (3.0% local appreciation)).
• New Madrid County population projected at -25% 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 $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 2y 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

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $35,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.90% ✓
• Cap rate: 25.48%
• Cash-on-cash: 68.54%
• DSCR: 4.05
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $59,520
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
300 N Main	0.25mi	3/2.0	1,331 (+7%)	20mo	$75,000	$56	60
101 Whiterow Ave	0.40mi	3/1.0	1,144 (-8%)	8mo	$54,900	$48	58
207 White Row Ave	0.35mi	3/1.0	1,064 (-14%)	22mo	$37,500	$35	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 73.2%
• Equity multiple: 5.07×
• Total profit: $39,883
• Equity at exit: $15,738

10-year hold

• IRR: 72.7%
• Equity multiple: 10.39×
• Total profit: $92,043
• Equity at exit: $24,253

Cash invested: $9,800 (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 63848

• Active inventory: 8
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,015 medium
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $560

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 40%

Sensitivity live

Price	-10% $584	-5% $572	+0% $560	+5% $548	+10% $536
Rent	-10% $480	-5% $520	+0% $560	+5% $600	+10% $640
Rate	-1.0pp $577	-0.5pp $569	base $560	+0.5pp $551	+1.0pp $541

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-21
   days on market $35,000 Active 4 DOM
2. 2026-06-21
   days on market $35,000 Active 3 DOM
3. 2026-06-17
   remarks 434-char remark
4. 2026-06-17
   listed $35,000 Active 1 DOM

ⓘ 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 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 7% 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: $12,177
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$974
• − Management: −$974
• − Depreciation: −$1,018
• Taxable income: $6,550
• Est. tax owed @ 24.0%: −$1,572
• After-tax cash flow: $5,145/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: Gideon 37
• NCES district ID: 2912780
• Math proficiency: 25% ▼ -15.00%
• Reading proficiency: 35% ▬ 0.00%
• Median HH income: $32,669
• Composite: 27.36/100
• National rank: #12407
• State rank: #469 of 535 in MO

Livability — Gideon

• Score: 57/100
• State rank: #654
• US rank: #22041

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gideon, MO
• Population (ZIP): 1,058

Population outlook (New Madrid County) Hauer SSP2

• Today (2025): 16,712 people
• By 2030: 15,845 · -5.2%
• By 2040: 14,152 · -15.3%
• By 2050: 12,604 · -24.6%
• By 2075: 9,478 · -43.3%
• By 2100: 7,157 · -57.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 10% Hispanic / Latino 3%
• Common ancestry: Iranian 3% Scandinavian 2% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · New Madrid

• 2024 margin: Solid R (+53.5) · D 22.9% · R 76.4%
• 2008→2024 swing: -38.4pp toward R · 2008: -15.1pp · 2024: -53.5pp
• All cycles: 2024: R+53.5 2020: R+51.0 2016: R+45.4 2012: R+20.3 2008: R+15.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-41.6% since first listed

12 events — show timeline

• 2026-06-17 Listed $35,000 MARIS as Distributed by MLS Grid
• 2025-04-03 Delisted — MARIS as Distributed by MLS Grid
• 2025-02-13 Price Changed $35,000 MARIS as Distributed by MLS Grid
• 2025-01-07 Price Changed $40,000 MARIS as Distributed by MLS Grid
• 2025-01-03 Relisted — MARIS as Distributed by MLS Grid
• 2024-12-12 Relisted — MARIS as Distributed by MLS Grid
• 2024-10-25 Contingent — MARIS as Distributed by MLS Grid
• 2024-10-11 Price Changed $45,000 MARIS as Distributed by MLS Grid
• 2024-07-01 Relisted — MARIS as Distributed by MLS Grid
• 2024-06-12 Delisted — MARIS as Distributed by MLS Grid
• 2024-06-05 Price Changed $49,900 MARIS as Distributed by MLS Grid
• 2024-03-13 Listed $59,900 MARIS as Distributed by MLS Grid