1300 County Road 113 · Alton, MO 65606

$349,900

6 bd · 3.0 ba · 3,264 sqft · MultiFamily · 623 Days on market

Built 1973 9.50 ac lot ↓ 13% since listing

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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 +10.3/30.0
• ARV discount +7.5/15.0
• Appreciation +7.3/10.0
• 1% rule +3.1/10.0
• Livability +3.1/5.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Turnkey Income-Producing Property in Alton, MO - 3 Furnished Cabins on 9.5 Acres Bordering Mark Twain National Forest!Welcome to a rare investment opportunity located at 1300 County Road 113, Alton, MO! This established and operational Airbnb property generates approximately $40,000 in annual income and boasts three beautifully furnished, open-concept 2-bedroom, 1-bath cabins, each equipped with covered decks perfect for enjoying the serene natural surroundings. Situated on 9.5 acres of mature landscaping, the property offers both privacy and direct access to the Mark Twain National Forest, making it an ideal destination for outdoor enthusiasts and vacationers seeking a peaceful retreat. Key Features:Turnkey, income-producing Airbnb business $40,000 per year incomeReturning ClienteleThree fully furnished cabins, each with an open-concept layout2 bedrooms, 1 bath per cabin for comfortable and functional living spacesCovered decks for relaxing and soaking in the surrounding natural beautyPrivate well and city sewer servicesBordering the Mark Twain National Forest, perfect for hiking, wildlife watching, and nature loversLocated close to the Eleven Point River, renowned for its pristine waters, excellent fishing, and floating opportunitiesLocation Highlights: Alton, Missouri, is nestled in the heart of the Ozarks and is known for its proximity to some of the region's most treasured natural attractions. The Eleven Point River is just minutes away, offering crystal-clear waters for canoeing, kayaking, and fishing, while the Mark Twain National Forest spans over 1.5 million acres, providing endless recreational opportunities including hiking, horseback riding, and camping. Alton itself is a charming town with a friendly, small-town atmosphere, offering the convenience of local amenities while being immersed in nature. Whether you're looking for an investment property or a family getaway, this location has it all.

Key facts

• 9.5 acre lot
• Built 1973
• Listed 623 days

Tags

• ESTABLISHED AIRBNB BUSINESS
• COVERED DECKS FOR RELAXING

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath multifamily listed at $350k.

Deal economics

• At list price, monthly cash flow is $-191 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $322k (7.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $282k (19.4% below list).
• Recommended offer: $282k (19.4% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 4.2% in Alton — 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 61/100 on livability (#441 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: commute D, schools F, crime F.
• Alton R-IV (rural): math 18% / reading 37% proficiency, ranked #283 of 324 in MO (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 59 active listings in the ZIP; 5 units permitted in Oregon County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($2k loan paydown + $16k appreciation (4.6% local appreciation)).
• Oregon County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 623 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $50k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• 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 $281,900 (19.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 623 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 5.64%
• Cash-on-cash: -2.34%
• DSCR: 0.90
• GRM: 10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.62% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 9.9%
• Equity multiple: 1.62×
• Total profit: $61,008
• Equity at exit: $190,293

10-year hold

• IRR: 11.5%
• Equity multiple: 3.03×
• Total profit: $198,808
• Equity at exit: $321,995

Cash invested: $97,972 (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 65606

• Home prices YoY: 3.4%
• Active inventory: 59
• Price-to-rent: 31.0×

Monthly cashflow live

• Estimated rent: $2,819 medium
• Mortgage (P&I): −$1,835
• Tax est. 1.5%: −$437 /mo · $5,248/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$592
• Net cashflow: $-191

Break-even live

Break-even rent $3,061

Max offer price $322,252

Occupancy floor —

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$2,820
Total (3 units)			$2,819

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $349,900 Active 623 DOM
2. 2026-06-17
   days on market $349,900 Active 622 DOM
3. 2026-06-16
   days on market $349,900 Active 621 DOM
4. 2026-06-15
   days on market $349,900 Active 620 DOM
5. 2026-06-13
   days on market $349,900 Active 618 DOM
6. 2026-06-12
   days on market $349,900 Active 617 DOM
7. 2026-06-09
   days on market $349,900 Active 614 DOM
8. 2026-06-08
   days on market $349,900 Active 613 DOM
9. 2026-06-07
   days on market $349,900 Active 612 DOM
10. 2026-06-07
    days on market $349,900 Active 611 DOM
11. 2026-06-04
    days on market $349,900 Active 608 DOM
12. 2026-06-02
    days on market $349,900 Active 607 DOM
13. 2026-06-01
    days on market $349,900 Active 606 DOM
14. 2026-05-31
    days on market $349,900 Active 605 DOM
15. 2025-12-29
    status Active 1939-char remark

    Show marketing remark (1939 chars)

    Turnkey Income-Producing Property in Alton, MO - 3 Furnished Cabins on 9.5 Acres Bordering Mark Twain National Forest!Welcome to a rare investment opportunity located at 1300 County Road 113, Alton, MO! This established and operational Airbnb property generates approximately $40,000 in annual income and boasts three beautifully furnished, open-concept 2-bedroom, 1-bath cabins, each equipped with covered decks perfect for enjoying the serene natural surroundings. Situated on 9.5 acres of mature landscaping, the property offers both privacy and direct access to the Mark Twain National Forest, making it an ideal destination for outdoor enthusiasts and vacationers seeking a peaceful retreat. Key Features:Turnkey, income-producing Airbnb business $40,000 per year incomeReturning ClienteleThree fully furnished cabins, each with an open-concept layout2 bedrooms, 1 bath per cabin for comfortable and functional living spacesCovered decks for relaxing and soaking in the surrounding natural beautyPrivate well and city sewer servicesBordering the Mark Twain National Forest, perfect for hiking, wildlife watching, and nature loversLocated close to the Eleven Point River, renowned for its pristine waters, excellent fishing, and floating opportunitiesLocation Highlights: Alton, Missouri, is nestled in the heart of the Ozarks and is known for its proximity to some of the region's most treasured natural attractions. The Eleven Point River is just minutes away, offering crystal-clear waters for canoeing, kayaking, and fishing, while the Mark Twain National Forest spans over 1.5 million acres, providing endless recreational opportunities including hiking, horseback riding, and camping. Alton itself is a charming town with a friendly, small-town atmosphere, offering the convenience of local amenities while being immersed in nature. Whether you're looking for an investment property or a family getaway, this location has it all.

16. 2025-12-06
    status Pending 1939-char remark

    Show marketing remark (1939 chars)

    Turnkey Income-Producing Property in Alton, MO - 3 Furnished Cabins on 9.5 Acres Bordering Mark Twain National Forest!Welcome to a rare investment opportunity located at 1300 County Road 113, Alton, MO! This established and operational Airbnb property generates approximately $40,000 in annual income and boasts three beautifully furnished, open-concept 2-bedroom, 1-bath cabins, each equipped with covered decks perfect for enjoying the serene natural surroundings. Situated on 9.5 acres of mature landscaping, the property offers both privacy and direct access to the Mark Twain National Forest, making it an ideal destination for outdoor enthusiasts and vacationers seeking a peaceful retreat. Key Features:Turnkey, income-producing Airbnb business $40,000 per year incomeReturning ClienteleThree fully furnished cabins, each with an open-concept layout2 bedrooms, 1 bath per cabin for comfortable and functional living spacesCovered decks for relaxing and soaking in the surrounding natural beautyPrivate well and city sewer servicesBordering the Mark Twain National Forest, perfect for hiking, wildlife watching, and nature loversLocated close to the Eleven Point River, renowned for its pristine waters, excellent fishing, and floating opportunitiesLocation Highlights: Alton, Missouri, is nestled in the heart of the Ozarks and is known for its proximity to some of the region's most treasured natural attractions. The Eleven Point River is just minutes away, offering crystal-clear waters for canoeing, kayaking, and fishing, while the Mark Twain National Forest spans over 1.5 million acres, providing endless recreational opportunities including hiking, horseback riding, and camping. Alton itself is a charming town with a friendly, small-town atmosphere, offering the convenience of local amenities while being immersed in nature. Whether you're looking for an investment property or a family getaway, this location has it all.

17. 2025-09-10
    price $349,900 1939-char remark

    Show marketing remark (1939 chars)

    Turnkey Income-Producing Property in Alton, MO - 3 Furnished Cabins on 9.5 Acres Bordering Mark Twain National Forest!Welcome to a rare investment opportunity located at 1300 County Road 113, Alton, MO! This established and operational Airbnb property generates approximately $40,000 in annual income and boasts three beautifully furnished, open-concept 2-bedroom, 1-bath cabins, each equipped with covered decks perfect for enjoying the serene natural surroundings. Situated on 9.5 acres of mature landscaping, the property offers both privacy and direct access to the Mark Twain National Forest, making it an ideal destination for outdoor enthusiasts and vacationers seeking a peaceful retreat. Key Features:Turnkey, income-producing Airbnb business $40,000 per year incomeReturning ClienteleThree fully furnished cabins, each with an open-concept layout2 bedrooms, 1 bath per cabin for comfortable and functional living spacesCovered decks for relaxing and soaking in the surrounding natural beautyPrivate well and city sewer servicesBordering the Mark Twain National Forest, perfect for hiking, wildlife watching, and nature loversLocated close to the Eleven Point River, renowned for its pristine waters, excellent fishing, and floating opportunitiesLocation Highlights: Alton, Missouri, is nestled in the heart of the Ozarks and is known for its proximity to some of the region's most treasured natural attractions. The Eleven Point River is just minutes away, offering crystal-clear waters for canoeing, kayaking, and fishing, while the Mark Twain National Forest spans over 1.5 million acres, providing endless recreational opportunities including hiking, horseback riding, and camping. Alton itself is a charming town with a friendly, small-town atmosphere, offering the convenience of local amenities while being immersed in nature. Whether you're looking for an investment property or a family getaway, this location has it all.

18. 2025-08-18
    price $369,900 1939-char remark

    Show marketing remark (1939 chars)

    Turnkey Income-Producing Property in Alton, MO - 3 Furnished Cabins on 9.5 Acres Bordering Mark Twain National Forest!Welcome to a rare investment opportunity located at 1300 County Road 113, Alton, MO! This established and operational Airbnb property generates approximately $40,000 in annual income and boasts three beautifully furnished, open-concept 2-bedroom, 1-bath cabins, each equipped with covered decks perfect for enjoying the serene natural surroundings. Situated on 9.5 acres of mature landscaping, the property offers both privacy and direct access to the Mark Twain National Forest, making it an ideal destination for outdoor enthusiasts and vacationers seeking a peaceful retreat. Key Features:Turnkey, income-producing Airbnb business $40,000 per year incomeReturning ClienteleThree fully furnished cabins, each with an open-concept layout2 bedrooms, 1 bath per cabin for comfortable and functional living spacesCovered decks for relaxing and soaking in the surrounding natural beautyPrivate well and city sewer servicesBordering the Mark Twain National Forest, perfect for hiking, wildlife watching, and nature loversLocated close to the Eleven Point River, renowned for its pristine waters, excellent fishing, and floating opportunitiesLocation Highlights: Alton, Missouri, is nestled in the heart of the Ozarks and is known for its proximity to some of the region's most treasured natural attractions. The Eleven Point River is just minutes away, offering crystal-clear waters for canoeing, kayaking, and fishing, while the Mark Twain National Forest spans over 1.5 million acres, providing endless recreational opportunities including hiking, horseback riding, and camping. Alton itself is a charming town with a friendly, small-town atmosphere, offering the convenience of local amenities while being immersed in nature. Whether you're looking for an investment property or a family getaway, this location has it all.

19. 2025-02-04
    price $389,900 1939-char remark

    Show marketing remark (1939 chars)

    Turnkey Income-Producing Property in Alton, MO - 3 Furnished Cabins on 9.5 Acres Bordering Mark Twain National Forest!Welcome to a rare investment opportunity located at 1300 County Road 113, Alton, MO! This established and operational Airbnb property generates approximately $40,000 in annual income and boasts three beautifully furnished, open-concept 2-bedroom, 1-bath cabins, each equipped with covered decks perfect for enjoying the serene natural surroundings. Situated on 9.5 acres of mature landscaping, the property offers both privacy and direct access to the Mark Twain National Forest, making it an ideal destination for outdoor enthusiasts and vacationers seeking a peaceful retreat. Key Features:Turnkey, income-producing Airbnb business $40,000 per year incomeReturning ClienteleThree fully furnished cabins, each with an open-concept layout2 bedrooms, 1 bath per cabin for comfortable and functional living spacesCovered decks for relaxing and soaking in the surrounding natural beautyPrivate well and city sewer servicesBordering the Mark Twain National Forest, perfect for hiking, wildlife watching, and nature loversLocated close to the Eleven Point River, renowned for its pristine waters, excellent fishing, and floating opportunitiesLocation Highlights: Alton, Missouri, is nestled in the heart of the Ozarks and is known for its proximity to some of the region's most treasured natural attractions. The Eleven Point River is just minutes away, offering crystal-clear waters for canoeing, kayaking, and fishing, while the Mark Twain National Forest spans over 1.5 million acres, providing endless recreational opportunities including hiking, horseback riding, and camping. Alton itself is a charming town with a friendly, small-town atmosphere, offering the convenience of local amenities while being immersed in nature. Whether you're looking for an investment property or a family getaway, this location has it all.

20. 2024-09-10
    listed $399,900 Active 1939-char remark

    Show marketing remark (1939 chars)

    Turnkey Income-Producing Property in Alton, MO - 3 Furnished Cabins on 9.5 Acres Bordering Mark Twain National Forest!Welcome to a rare investment opportunity located at 1300 County Road 113, Alton, MO! This established and operational Airbnb property generates approximately $40,000 in annual income and boasts three beautifully furnished, open-concept 2-bedroom, 1-bath cabins, each equipped with covered decks perfect for enjoying the serene natural surroundings. Situated on 9.5 acres of mature landscaping, the property offers both privacy and direct access to the Mark Twain National Forest, making it an ideal destination for outdoor enthusiasts and vacationers seeking a peaceful retreat. Key Features:Turnkey, income-producing Airbnb business $40,000 per year incomeReturning ClienteleThree fully furnished cabins, each with an open-concept layout2 bedrooms, 1 bath per cabin for comfortable and functional living spacesCovered decks for relaxing and soaking in the surrounding natural beautyPrivate well and city sewer servicesBordering the Mark Twain National Forest, perfect for hiking, wildlife watching, and nature loversLocated close to the Eleven Point River, renowned for its pristine waters, excellent fishing, and floating opportunitiesLocation Highlights: Alton, Missouri, is nestled in the heart of the Ozarks and is known for its proximity to some of the region's most treasured natural attractions. The Eleven Point River is just minutes away, offering crystal-clear waters for canoeing, kayaking, and fishing, while the Mark Twain National Forest spans over 1.5 million acres, providing endless recreational opportunities including hiking, horseback riding, and camping. Alton itself is a charming town with a friendly, small-town atmosphere, offering the convenience of local amenities while being immersed in nature. Whether you're looking for an investment property or a family getaway, this location has it all.

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,828
• − Mortgage interest: −$19,600
• − Property taxes: −$5,248
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,706
• − Management: −$2,706
• − Depreciation: −$10,179
• Taxable loss: −$8,361
• Est. tax savings @ 24.0%: +$2,007
• After-tax cash flow: $-286/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: Alton R-IV
• NCES district ID: 2903060
• Math proficiency: 18% ▼ -6.00%
• Reading proficiency: 37% ▲ 2.00%
• Median HH income: $29,501
• Composite: 22.1/100
• National rank: #8179
• State rank: #283 of 324 in MO

Livability — Alton

• Score: 61/100
• State rank: #441
• US rank: #18027

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,540

Population outlook (Oregon County) Hauer SSP2

• Today (2025): 10,607 people
• By 2030: 10,352 · -2.4%
• By 2040: 9,829 · -7.3%
• By 2050: 9,286 · -12.5%
• By 2075: 8,392 · -20.9%
• By 2100: 7,136 · -32.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Portuguese 3% Lithuanian 2% Slovak 1%
• Foreign-born: 1% · Vietnam
• Languages at home: 97% English-only · Arabic 2% Spanish 1% Vietnamese 1%

Political lean MEDSL · Oregon

• 2024 margin: Solid R (+69.1) · D 15.1% · R 84.2%
• 2008→2024 swing: -50.8pp toward R · 2008: -18.3pp · 2024: -69.1pp
• All cycles: 2024: R+69.1 2020: R+63.8 2016: R+60.1 2012: R+33.2 2008: R+18.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.62%
• Current HPI: 142.0523
• 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

-12.5% since first listed

6 events — show timeline

• 2025-12-29 Relisted — SOMO
• 2025-12-06 Pending — SOMO
• 2025-09-10 Price Changed $349,900 SOMO
• 2025-08-18 Price Changed $369,900 SOMO
• 2025-02-04 Price Changed $389,900 SOMO
• 2024-09-10 Listed $399,900 SOMO