1335 W Elm St · Springfield, MO 65806

$79,900

2 bd · 1.0 ba · 906 sqft · SingleFamily public records · 78 Days on market

Built 1922 3,920 sqft lot $88/sqft · 29% below area Est $125k · 36% under

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Why this score? — see what drove the B 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 +28.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.4/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this updated home, ideally situated in the vibrant heart of Springfield, just minutes from downtown, shopping, and local campuses. This charming property has undergone significant enhancements, featuring a newer roof, windows, and HVAC system installed within the last six years, ensuring you enjoy modern comfort and efficiency. Step inside to find a fresh and inviting space, recently revitalized with new paint and a brand-new stove. The brand-new hot water heater adds to the list of updates, making this home both stylish and functional. With its fantastic location, you'll have easy access to all the amenities Springfield has to offer. This home is the perfect blend of convenience and modern living. Don't miss your chance to make this one home sweet home!

Key facts

• Newer roof
• New paint
• Brand new stove

Tags

• NEWER ROOF
• NEW WINDOWS
• NEW HVAC SYSTEM
• NEW PAINT
• BRAND NEW STOVE
• BRAND NEW HOT WATER HEATER

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($989 rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 4.6% in Springfield — 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 75/100 on livability (#57 in MO, #4,121 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment F.
• Springfield R-XII (urban): math 32% / reading 46% proficiency, ranked #174 of 324 in MO (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.2%/yr); 86 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,302 units permitted in Greene County in 2024 (250 in 5+ unit buildings).
• This rent runs 42% of the median local income ($28k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Greene County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — 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. 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: 1.24% ✓
• Cap rate: 10.16%
• Cash-on-cash: 13.81%
• DSCR: 1.61
• GRM: 6.7

CMA / ARV

• ARV (median comp): $124,568
• List price: $79,900
• Delta: -35.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
735 S Missouri Ave	0.50mi	2/1.0	904 (-0%)	1mo	$140,000	$155	76
421 S Fort Ave	0.07mi	3/1.0 (+1)	1,034 (+14%)	6mo	$80,000	$77	63
925 W Mount Vernon St	0.36mi	2/1.0	990 (+9%)	6mo	$129,900	$131	62
845 S Newton Ave	0.46mi	2/1.0	962 (+6%)	7mo	$134,900	$140	62
1530 W Lombard St	0.53mi	2/1.0	840 (-7%)	2mo	$145,000	$173	62
1206 W Elm St	0.12mi	3/2.0 (+1)	1,020 (+13%)	7mo	$115,000	$113	59
839 S Weaver Ave	0.51mi	3/2.0 (+1)	920 (+2%)	8mo	$125,000	$136	58
942 S Nettleton Ave	0.58mi	2/2.0	816 (-10%)	1mo	$122,900	$151	52
920 S Douglas Ave	0.75mi	3/1.0 (+1)	956 (+6%)	1mo	$139,900	$146	50
2223 W Elm St	0.73mi	2/1.0	993 (+10%)	1mo	$115,000	$116	49
2041 W Elm St	0.58mi	2/1.0	1,028 (+14%)	2mo	$125,000	$122	49
2134 W Olive St	0.70mi	3/1.0 (+1)	992 (+10%)	6mo	$139,900	$141	41

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 · 4.17% rent growth · sell at horizon

5-year hold

• IRR: 5.3%
• Equity multiple: 1.21×
• Total profit: $4,630
• Equity at exit: $11,913

10-year hold

• IRR: 15.7%
• Equity multiple: 2.35×
• Total profit: $30,090
• Equity at exit: $6,908

Cash invested: $22,372 (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 65806

• Home prices YoY: -11.7%
• Rents YoY: 4.2%
• Active inventory: 86
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $989 high
• Mortgage (P&I): −$419
• Tax from tax record: −$71 /mo · $857/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $258

Break-even live

Break-even rent $663

Max offer price $79,900

Occupancy floor 69%

Sensitivity live

Price	-10% $303	-5% $280	+0% $258	+5% $235	+10% $212
Rent	-10% $179	-5% $218	+0% $258	+5% $297	+10% $336
Rate	-1.0pp $298	-0.5pp $278	base $258	+0.5pp $237	+1.0pp $216

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1200 W Walnut St Springfield, MO	2.0	2.0	1000	$995	$0.99	15d	3	0.13mi
627 S Fort Ave Springfield, MO	2.0	1.0	880	$895	$1.02	24d	1	0.18mi
513 S Broadway Ave Springfield, MO	2.0	1.0	800	$855	$1.07	45d	1	0.30mi
930 W Harrison St Springfield, MO	3.0	2.0	1046	$1,150	$1.10	15d	1	0.38mi
1036 W Monroe Ter Springfield, MO	2.0	1.0	812	$795	$0.98	24d	1	0.41mi
1740 W Olive St Springfield, MO	3.0	1.0	736	$1,195	$1.62	15d	1	0.43mi
1911 W Elm St Springfield, MO	2.0	1.0	580	$875	$1.51	45d	1	0.47mi
865 S Douglas Ave Springfield, MO	2.0	2.0	850	$895	$1.05	15d	4	0.47mi
733 W College St Springfield, MO	1.0	1.0	700	$750	$1.07	15d	1	0.53mi
535 W Walnut St Springfield, MO	2.0	2.0	1096	$1,495	$1.36	45d	1	0.68mi
847 S Grant Ave Springfield, MO	2.0	1.0	1080	$815	$0.75	45d	1	0.71mi
211 S Market Ave Springfield, MO	2.0–4.0	1.0–2.0	1442	$1,425	$0.99	22d	5	0.75mi
211 S Market Ave Springfield, MO	2.0–4.0	1.0–2.0	1442	$1,425	$0.99	24d	5	0.75mi
235 N Market Ave Springfield, MO	1.0–4.0	1.0–2.0	1350	$1,267	$0.94	24d	5	0.78mi
235 N Market Ave Springfield, MO	1.0–4.0	1.0–2.0	1350	$1,267	$0.94	15d	4	0.78mi
305 S Campbell Ave Unit 208 Springfield, MO	1.0	1.0	649	$975	$1.50	15d	1	0.81mi
430 W Pershing St Springfield, MO	2.0	2.0	765	$1,195	$1.56	15d	1	0.81mi
813 W Poplar St Unit 813 Springfield, MO	2.0	1.0	560	$795	$1.42	15d	1	0.83mi
2204 W Madison St Springfield, MO	3.0	1.0	960	$1,095	$1.14	15d	1	0.84mi
522 N Park Ave Springfield, MO	1.0	1.0	608	$950	$1.56	45d	1	0.86mi
916 N Kansas Expy Springfield, MO	1.0	1.0	573	$595	$1.04	45d	1	0.86mi
301 W State St Unit D Springfield, MO	1.0	1.0	570	$875	$1.54	24d	1	0.89mi
505 W Grand St Springfield, MO	1.0–2.0	1.0–2.0	996	$1,395	$1.40	15d	1	0.90mi
209 W McDaniel St Unit 209-207 Springfield, MO	1.0	1.0	700	$950	$1.36	45d	1	0.91mi
138 Park Central Sq Springfield, MO	1.0–2.0	1.0–2.0	1083	$2,489	$2.30	15d	8	0.91mi
815 N Grant Ave Unit A Springfield, MO	2.0	1.0	801	$625	$0.78	45d	1	0.94mi
433 W Grand St Unit C Springfield, MO	2.0	1.0	1023	$1,295	$1.27	45d	1	0.94mi
810 W Catalpa St Apt 302 Springfield, MO	2.0	1.0	806	$664	$0.82	24d	1	0.95mi
810 W Catalpa St Apt 316 Springfield, MO	1.0	1.0	581	$551	$0.95	24d	1	0.95mi
741 South Ave Unit 5 Springfield, MO	1.0	1.0	950	$750	$0.79	45d	1	0.95mi
1044 S Main Ave Springfield, MO	2.0	1.0	1089	$1,050	$0.96	45d	1	0.96mi
755 South Ave Unit 2 Springfield, MO	1.0	1.0	600	$850	$1.42	24d	1	0.97mi
1112 S Grant Ave Springfield, MO	1.0	1.0	800	$1,095	$1.37	45d	1	0.98mi
647 W Central St Springfield, MO	3.0	1.0	882	$1,050	$1.19	24d	1	1.00mi
806 South Ave Springfield, MO	1.0	1.0	670	$1,085	$1.62	15d	3	1.02mi
2541 W Lincoln St Springfield, MO	2.0	1.0	1034	$975	$0.94	45d	1	1.03mi
901 South Ave Springfield, MO	2.0–3.0	1.0–2.0	695	$825	$1.19	45d	1	1.03mi
309 S Jefferson Ave Unit 211 Springfield, MO	2.0	2.0	762	$767	$1.01	45d	1	1.05mi
1406 W Calhoun St Unit B Springfield, MO	2.0	1.0	885	$865	$0.98	24d	1	1.11mi
1735 W Bennett St Springfield, MO	1.0	1.0	800	$1,124	$1.41	15d	2	1.12mi

Listing history 16 events

1. 2026-06-17
   status $79,900 Pending 78 DOM
2. 2026-06-17
   days on market $79,900 Active 78 DOM
3. 2026-06-16
   pricedays on market $79,900 Active 77 DOM
4. 2026-06-15
   days on market $89,900 Active 76 DOM
5. 2026-06-14
   days on market $89,900 Active 74 DOM
6. 2026-06-10
   days on market $89,900 Active 71 DOM
7. 2026-06-09
   days on market $89,900 Active 70 DOM
8. 2026-06-08
   days on market $89,900 Active 69 DOM
9. 2026-06-07
   days on market $89,900 Active 68 DOM
10. 2026-06-03
    days on market $89,900 Active 64 DOM
11. 2026-06-02
    days on market $89,900 Active 63 DOM
12. 2026-06-01
    days on market $89,900 Active 62 DOM
13. 2026-05-31
    days on market $89,900 Active 61 DOM
14. 2026-05-30
    days on market $89,900 Active 60 DOM
15. 2026-03-31
    listed $89,900 Active 773-char remark

    Show marketing remark (773 chars)

    Discover this updated home, ideally situated in the vibrant heart of Springfield, just minutes from downtown, shopping, and local campuses. This charming property has undergone significant enhancements, featuring a newer roof, windows, and HVAC system installed within the last six years, ensuring you enjoy modern comfort and efficiency. Step inside to find a fresh and inviting space, recently revitalized with new paint and a brand-new stove. The brand-new hot water heater adds to the list of updates, making this home both stylish and functional. With its fantastic location, you'll have easy access to all the amenities Springfield has to offer. This home is the perfect blend of convenience and modern living. Don't miss your chance to make this one home sweet home!

16. 2005-12-02
    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: $857 · $71/mo
• Projected year-2 tax: $857 · $71/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,867
• − Mortgage interest: −$4,476
• − Property taxes: −$857
• − Insurance: −$400
• − Repairs & maintenance: −$949
• − Management: −$949
• − Depreciation: −$2,324
• Taxable income: $1,912
• Est. tax owed @ 24.0%: −$459
• After-tax cash flow: $2,632/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: Springfield R-XII
• NCES district ID: 2928860
• Math proficiency: 32% ▼ -2.00%
• Reading proficiency: 46% ▼ -3.00%
• Median HH income: $37,886
• Composite: 32.45/100
• National rank: #5717
• State rank: #174 of 324 in MO

Livability — Springfield

• Score: 75/100
• State rank: #57
• US rank: #4121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, MO
• County: Greene County · 244,327 people
• City population: 223,044
• Metro: Springfield, MO
• Population (ZIP): 13,692
• Household income: $28,165
• Rent vs Own: 87.3% rent · 12.7% own
• Severe rent burden: 1966.0

Population outlook (Greene County) Hauer SSP2

• Today (2025): 319,054 people
• By 2030: 335,135 · +5.0%
• By 2040: 366,186 · +14.8%
• By 2050: 397,431 · +24.6%
• By 2075: 477,035 · +49.5%
• By 2100: 520,828 · +63.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Two or more races 8% Hispanic / Latino 7% Black 6% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Italian 1% Scotch-Irish 1%
• Foreign-born: 7% · Canada, China, Vietnam
• Languages at home: 91% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Greene

• 2024 margin: Strong R (+20.8) · D 38.9% · R 59.7% · Other 1.4%
• 2008→2024 swing: -5.0pp toward R · 2008: -15.8pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+20.1 2016: R+27.4 2012: R+24.4 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.72%
• Current HPI: 208.8156
• Rent YoY: ▲ 4.17%
• Metro: Springfield, 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

2 events — show timeline

• 2026-03-31 Listed $89,900 SOMO
• 2005-12-02 Sold (Public Records) — Public Records

Property tax history

+7.9%/yr

Latest (2025): $857 · +15.4% YoY. Source: county tax records.