1121 James St · Carthage, MO 64836

$159,000

3 bd · 1.0 ba · 2,114 sqft · Other · 4 Days on market

Built 1910 7,405 sqft lot

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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
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Livability +3.5/5.0
• 1% rule +3.3/10.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss this unique investment opportunity! This move-in-ready home, features a charming 3-bedroom, 1-bath home with updated windows, a newer roof, and new appliances, offering comfort and peace of mind for years to come. Adding even more value is the detached studio apartment featuring 1 bedroom and 1 bath, currently rented and producing income from day one. Whether you're looking for a primary residence with rental income, a multigenerational living setup, or an investment property, this versatile property offers endless possibilities. Conveniently located and ready for its next owner, this property combines comfortable living with built-in income potential. Schedule your showing today! Owner/ Agent

Key facts

• Updated windows
• Newer roof
• New appliances

Tags

• UPDATED WINDOWS
• NEWER ROOF
• NEW APPLIANCES
• DETACHED STUDIO APARTMENT
• PRODUCING INCOME
• MULTIGENERATIONAL LIVING SETUP

Property features AI

Finance

• Other: Not specified
• Financial info: Not specified
• HOA & community: Not specified

Exterior

• Parking: 2-space carport (detached)
• Security: Not specified
• Utilities: Public sewer
• Home design: Single-family residence (freestanding); Residential property
• Construction: Wood siding; Stone foundation; Shingle roof; Built area: 2,114 above-grade finished square feet
• Exterior features: Corner lot; Storage outbuilding; No fencing

Interior

• Kitchen: Gas range; Refrigerator; Dishwasher not listed
• Bedrooms: Not specified
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: One full bathroom
• Heating & cooling: Heating: floor furnace; Has cooling
• Interior features: Gas range, refrigerator, washer and dryer included; Unfinished basement; Seven total rooms
• Laundry & utility: Washer and dryer included; Floor furnace heating

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $159k.

Deal economics

• At list price, monthly cash flow is $70 ($841/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 $132k (16.9% below list).
• Recommended offer: $132k (16.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#131 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: amenities F, commute F, employment F.
• Carthage R-IX (town): math 37% / reading 39% proficiency, ranked #183 of 324 in MO (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Fairview Elem. (math 32% / reading 17%, grade F, #879 of 1,115 statewide, top 81%, 406 students, 71% FRL); Carthage Jr. High (math 38% / reading 41%, grade F, #189 of 391 statewide, top 51%, 752 students, 64% FRL).
• Market conditions: 195 active listings in the ZIP; 602 units permitted in Jasper County in 2024 (0 in 5+ unit buildings).

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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,174 (16.9% below list)

Questions for the listing agent

1. Built in 1910 — 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. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.83% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.89%
• DSCR: 1.08
• GRM: 10.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -13.3%
• Equity multiple: 0.52×
• Total profit: $-21,359
• Equity at exit: $23,707

10-year hold

• IRR: -4.5%
• Equity multiple: 0.71×
• Total profit: $-13,084
• Equity at exit: $13,747

Cash invested: $44,520 (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 64836

• Home prices YoY: -18.2%
• Active inventory: 195
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,322 medium
• Mortgage (P&I): −$834
• Tax from tax record: −$74 /mo · $889/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $70

Break-even live

Break-even rent $1,233

Max offer price $159,000

Occupancy floor 90%

Sensitivity live

Price	-10% $160	-5% $115	+0% $70	+5% $25	+10% $-20
Rent	-10% $-34	-5% $18	+0% $70	+5% $122	+10% $174
Rate	-1.0pp $150	-0.5pp $110	base $70	+0.5pp $29	+1.0pp $-13

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-19
   days on market $159,000 Active 4 DOM
2. 2026-06-18
   days on market $159,000 Active 3 DOM
3. 2026-06-17
   days on market $159,000 Active 2 DOM
4. 2026-06-15
   remarks 699-char remark

   Show marketing remark (713 chars)

   Don't miss this unique investment opportunity! This move-in-ready home, features a charming 3-bedroom, 1-bath home with updated windows, a newer roof, and new appliances, offering comfort and peace of mind for years to come. Adding even more value is the detached studio apartment featuring 1 bedroom and 1 bath, currently rented and producing income from day one. Whether you're looking for a primary residence with rental income, a multigenerational living setup, or an investment property, this versatile property offers endless possibilities. Conveniently located and ready for its next owner, this property combines comfortable living with built-in income potential. Schedule your showing today! Owner/ Agent

5. 2026-06-15
   listed $159,000 Active 1 DOM

   Show marketing remark (713 chars)

   Don't miss this unique investment opportunity! This move-in-ready home, features a charming 3-bedroom, 1-bath home with updated windows, a newer roof, and new appliances, offering comfort and peace of mind for years to come. Adding even more value is the detached studio apartment featuring 1 bedroom and 1 bath, currently rented and producing income from day one. Whether you're looking for a primary residence with rental income, a multigenerational living setup, or an investment property, this versatile property offers endless possibilities. Conveniently located and ready for its next owner, this property combines comfortable living with built-in income potential. Schedule your showing today! Owner/ Agent

ⓘ 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: $889 · $74/mo
• Projected year-2 tax: $1,542 · $129/mo
• Expected delta: +$654/yr (+$54/mo · 73.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,861
• − Mortgage interest: −$8,906
• − Property taxes: −$889
• − Insurance: −$795
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − Depreciation: −$4,625
• Taxable loss: −$1,892
• Est. tax savings @ 24.0%: +$454
• After-tax cash flow: $1,295/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: Carthage R-IX
• NCES district ID: 2907460
• Math proficiency: 37% ▲ 3.00%
• Reading proficiency: 39% ▲ 1.00%
• Median HH income: $39,696
• Composite: 31.85/100
• National rank: #5874
• State rank: #183 of 324 in MO

Livability — Carthage

• Score: 70/100
• State rank: #131
• US rank: #7646

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Carthage, MO
• County: Jasper County · 79,035 people
• City population: 26,562
• Metro: Joplin, MO
• Population (ZIP): 26,562
• Household income: $61,335
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 800.0

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 120,033 people
• By 2030: 120,091 · +0.0%
• By 2040: 119,297 · -0.6%
• By 2050: 117,705 · -1.9%
• By 2075: 110,402 · -8.0%
• By 2100: 99,719 · -16.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 25% Two or more races 10% Black 1%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Slovak 2% Serbian 1% Lithuanian 1%
• Foreign-born: 10% · Canada
• Languages at home: 82% English-only · Spanish 18%

Political lean MEDSL · Jasper

• 2024 margin: Solid R (+46.8) · D 25.9% · R 72.7% · Other 1.4%
• 2008→2024 swing: -13.6pp toward R · 2008: -33.2pp · 2024: -46.8pp
• All cycles: 2024: R+46.8 2020: R+46.2 2016: R+50.8 2012: R+41.0 2008: R+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.61%
• Current HPI: 250.499
• Rent YoY: —
• Metro: Joplin, MO
• 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

+0.0% since first listed

4 events — show timeline

• 2026-06-15 Listed $159,000 OGAR
• 2026-06-15 Listed $159,000 OGAR
• 2026-02-13 Sold (Public Records) — Public Records
• 2015-07-16 Sold (Public Records) — Public Records

Property tax history

+5.1%/yr

Latest (2025): $889 · +24.6% YoY. Source: county tax records.