201 W Walker St · Marceline, MO 64658

$90,000

3 bd · 2.0 ba · 2,142 sqft · SingleFamily public records · 38 Days on market

Built 1920 0.32 ac lot $42/sqft · 52% below area

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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 +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +9.9/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Schools +5.2/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Discover the potential in this spacious 3-bedroom, 1 full bath, 2 half bath home located in the heart of Marceline! Offering 2,142 square feet of living space, this property features a flexible extra room that could easily serve as a second living area, home office, playroom, or even a possible 4th bedroom. Currently housing an in-home daycare, with a separate entrance into the space, and a half bath. Enjoy the large fenced-in backyard with plenty of space for pets, entertaining, gardening, or relaxing outdoors. The covered porch adds the perfect spot to enjoy your morning coffee or unwind in the evenings. This home is being sold AS-IS, making it a great opportunity for buyers looking to ad

Key facts

• Covered porch
• Separate entrance
• Flexible extra room

Tags

• FLEXIBLE EXTRA ROOM
• SEPARATE ENTRANCE
• LARGE FENCED-IN BACKYARD
• COVERED PORCH

Property features AI

Finance

• Other: Directions: From US-36, take the Marceline exit south into town on Kansas Ave. Turn west on Walker Street. Property is located at 201 W Walker St on the west side of the street.
• HOA & community: No association fees

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Approximately 2,142 above-grade finished living area; Age estimate: 76–100 years
• Construction: Concrete construction; Metal roof
• Exterior features: Property not in a flood plain; Lot approximately 13,983 square feet

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom; 2 half bathrooms
• Heating & cooling: Electric heating; Electric cooling
• Interior features: 1.5-story floor plan; Basement with concrete construction and a sump pump; Electric heating and electric cooling

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $370 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#96 in MO) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Marceline R-V (rural): math 64% / reading 59% proficiency, ranked #13 of 324 in MO (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 22 active listings in the ZIP; 4 units permitted in Linn County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($622 loan paydown + $9k appreciation (9.8% local appreciation)).
• Linn County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (9.8% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $90k implies a 140% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,300 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 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 1920 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.29% ✓
• Cap rate: 11.23%
• Cash-on-cash: 17.63%
• DSCR: 1.78
• GRM: 6.5

CMA / ARV

• ARV (median comp): $186,055
• List price: $90,000
• Delta: -51.63%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
401 W Santa FE	0.44mi	3/2.0	2,199 (+3%)	9mo	$329,000	$150	68

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

9.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.0%
• Equity multiple: 3.83×
• Total profit: $71,395
• Equity at exit: $79,830

10-year hold

• IRR: 32.0%
• Equity multiple: 8.59×
• Total profit: $191,340
• Equity at exit: $170,845

Cash invested: $25,200 (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 64658

• Home prices YoY: 3.9%
• Active inventory: 22
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,162 medium
• Mortgage (P&I): −$472
• Tax from tax record: −$39 /mo · $463/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $370

Break-even live

Break-even rent $694

Max offer price $90,000

Occupancy floor 63%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $90,000 Active 38 DOM
2. 2026-06-17
   days on market $90,000 Active 37 DOM
3. 2026-06-16
   days on market $90,000 Active 36 DOM
4. 2026-06-15
   days on market $90,000 Active 35 DOM
5. 2026-06-13
   days on market $90,000 Active 33 DOM
6. 2026-06-12
   days on market $90,000 Active 32 DOM
7. 2026-06-09
   days on market $90,000 Active 29 DOM
8. 2026-06-08
   days on market $90,000 Active 28 DOM
9. 2026-06-07
   days on market $90,000 Active 27 DOM
10. 2026-06-07
    days on market $90,000 Active 26 DOM
11. 2026-06-04
    days on market $90,000 Active 23 DOM
12. 2026-06-02
    days on market $90,000 Active 22 DOM
13. 2026-06-01
    days on market $90,000 Active 21 DOM
14. 2026-05-31
    days on market $90,000 Active 20 DOM
15. 2026-05-11
    listed $90,000 Active 817-char remark
16. 2002-04-09
    soldstatus $37,500

ⓘ 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: $463 · $39/mo
• Projected year-2 tax: $873 · $73/mo
• Expected delta: +$410/yr (+$34/mo · 88.7%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,948
• − Mortgage interest: −$5,041
• − Property taxes: −$463
• − Insurance: −$450
• − Repairs & maintenance: −$1,116
• − Management: −$1,116
• − Depreciation: −$2,618
• Taxable income: $3,144
• Est. tax owed @ 24.0%: −$755
• After-tax cash flow: $3,688/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: Marceline R-V
• NCES district ID: 2920050
• Math proficiency: 64% ▼ -4.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $42,608
• Composite: 51.64/100
• National rank: #1699
• State rank: #13 of 324 in MO

Livability — Marceline

• Score: 72/100
• State rank: #96
• US rank: #6432

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marceline, MO
• Population (ZIP): 3,112

Population outlook (Linn County) Hauer SSP2

• Today (2025): 11,437 people
• By 2030: 10,946 · -4.3%
• By 2040: 9,969 · -12.8%
• By 2050: 9,056 · -20.8%
• By 2075: 7,342 · -35.8%
• By 2100: 5,656 · -50.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 3% Black 1%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 2% · Canada, Jamaica

Political lean MEDSL · Linn

• 2024 margin: Solid R (+57.2) · D 20.8% · R 78.1% · Other 1.1%
• 2008→2024 swing: -48.8pp toward R · 2008: -8.5pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+53.9 2016: R+51.1 2012: R+23.5 2008: R+8.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.81%
• Current HPI: 258.5949
• 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

+140.0% since first listed

2 events — show timeline

• 2026-05-11 Listed $90,000 Heartland MLS as Distributed by MLS Grid
• 2002-04-09 Sold (Public Records) $37,500 Public Records

Property tax history

+2.3%/yr

Latest (2025): $463 · +5.0% YoY. Source: county tax records.