605 S Washington St · Clinton, MO 64735

$48,000

2 bd · 1.0 ba · 876 sqft · Other public records · 400 Days on market

Built 1905 0.50 ac lot $55/sqft · 60% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +2.9/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity Knocks: 2BR Home, Bonus Lot, and Garage! Investor Special! This 2-bedroom, 1-bath diamond in the rough comes with an extra lot and a detached garage—tons of potential and plenty of space to play with! She's a little run down, but with the right vision (and a bit of elbow grease), this could be a money-making masterpiece. Whether you're flipping, renting, or building, this property is priced to move and ready for your next project. The photos are from before the current lived in this property. Don't miss your chance to turn potential into profit! Call for a showing today! Agent/owner-

Key facts

• Bonus lot
• Detached garage
• 0.5 acre lot

Tags

• BONUS LOT
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $48k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($833 rent vs $48k).
• Recommended offer: $42k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.6% vs local median 2.9% in Clinton — 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 56/100 on livability (#683 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools C-, crime F, amenities F.
• Clinton (town): math 32% / reading 36% proficiency, ranked #235 of 324 in MO (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 188 active listings in the ZIP; 15 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $332 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Henry County population projected at -18% 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 $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 400 days — a 12% lower offer ($42k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $17k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $42,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 400 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1905 — 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: 1.74% ✓
• Cap rate: 15.64%
• Cash-on-cash: 33.37%
• DSCR: 2.48
• GRM: 4.8

CMA / ARV

• ARV (median comp): $137,246
• List price: $48,000
• Delta: -65.03%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 28.6%
• Equity multiple: 2.19×
• Total profit: $16,007
• Equity at exit: $7,157

10-year hold

• IRR: 36.0%
• Equity multiple: 4.31×
• Total profit: $44,521
• Equity at exit: $4,150

Cash invested: $13,440 (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 64735

• Home prices YoY: -6.2%
• Active inventory: 188
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $833 medium
• Mortgage (P&I): −$252
• Tax from tax record: −$13 /mo · $153/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$175
• Net cashflow: $374

Break-even live

Break-even rent $360

Max offer price $48,000

Occupancy floor 50%

Sensitivity live

Price	-10% $401	-5% $387	+0% $374	+5% $360	+10% $347
Rent	-10% $308	-5% $341	+0% $374	+5% $407	+10% $440
Rate	-1.0pp $398	-0.5pp $386	base $374	+0.5pp $361	+1.0pp $349

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: $12,000
• Closing costs: $1,440
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-21
   days on market $48,000 Active 400 DOM
2. 2026-06-18
   days on market $48,000 Active 398 DOM
3. 2026-06-17
   days on market $48,000 Active 397 DOM
4. 2026-06-16
   days on market $48,000 Active 396 DOM
5. 2026-06-15
   days on market $48,000 Active 395 DOM
6. 2026-06-13
   days on market $48,000 Active 393 DOM
7. 2026-06-12
   days on market $48,000 Active 392 DOM
8. 2026-06-09
   days on market $48,000 Active 389 DOM
9. 2026-06-08
   days on market $48,000 Active 388 DOM
10. 2026-06-07
    days on market $48,000 Active 387 DOM
11. 2026-06-07
    days on market $48,000 Active 386 DOM
12. 2026-06-04
    status $48,000 Active 383 DOM
13. 2026-02-06
    price $48,000 608-char remark

    Show marketing remark (608 chars)

    Opportunity Knocks: 2BR Home, Bonus Lot, and Garage! Investor Special! This 2-bedroom, 1-bath diamond in the rough comes with an extra lot and a detached garage—tons of potential and plenty of space to play with! She's a little run down, but with the right vision (and a bit of elbow grease), this could be a money-making masterpiece. Whether you're flipping, renting, or building, this property is priced to move and ready for your next project. The photos are from before the current lived in this property. Don't miss your chance to turn potential into profit! Call for a showing today! Agent/owner-

14. 2025-06-19
    price $59,900 608-char remark

    Show marketing remark (608 chars)

    Opportunity Knocks: 2BR Home, Bonus Lot, and Garage! Investor Special! This 2-bedroom, 1-bath diamond in the rough comes with an extra lot and a detached garage—tons of potential and plenty of space to play with! She's a little run down, but with the right vision (and a bit of elbow grease), this could be a money-making masterpiece. Whether you're flipping, renting, or building, this property is priced to move and ready for your next project. The photos are from before the current lived in this property. Don't miss your chance to turn potential into profit! Call for a showing today! Agent/owner-

15. 2025-05-08
    listed $65,000 Active 608-char remark

    Show marketing remark (608 chars)

    Opportunity Knocks: 2BR Home, Bonus Lot, and Garage! Investor Special! This 2-bedroom, 1-bath diamond in the rough comes with an extra lot and a detached garage—tons of potential and plenty of space to play with! She's a little run down, but with the right vision (and a bit of elbow grease), this could be a money-making masterpiece. Whether you're flipping, renting, or building, this property is priced to move and ready for your next project. The photos are from before the current lived in this property. Don't miss your chance to turn potential into profit! Call for a showing today! Agent/owner-

16. 2023-08-31
    listed $39,900 Active
17. 2022-03-10
    soldstatus
18. 2022-01-14
    listed $34,900
19. 2006-09-15
    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: $153 · $13/mo
• Projected year-2 tax: $466 · $39/mo
• Expected delta: +$313/yr (+$26/mo · 204.7%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,997
• − Mortgage interest: −$2,689
• − Property taxes: −$153
• − Insurance: −$240
• − Repairs & maintenance: −$800
• − Management: −$800
• − Depreciation: −$1,396
• Taxable income: $3,920
• Est. tax owed @ 24.0%: −$941
• After-tax cash flow: $3,544/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: Clinton
• NCES district ID: 2909860
• Math proficiency: 32% ▼ -2.00%
• Reading proficiency: 36% ▼ -9.00%
• Median HH income: $40,253
• Composite: 28.58/100
• National rank: #6719
• State rank: #235 of 324 in MO

Livability — Clinton

• Score: 56/100
• State rank: #683
• US rank: #22499

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clinton, MO
• Population (ZIP): 13,572

Population outlook (Henry County) Hauer SSP2

• Today (2025): 20,584 people
• By 2030: 19,839 · -3.6%
• By 2040: 18,305 · -11.1%
• By 2050: 16,893 · -17.9%
• By 2075: 14,285 · -30.6%
• By 2100: 11,905 · -42.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 6% Hispanic / Latino 2% Black 1%
• Common ancestry: Italian 3% Lithuanian 3% Iranian 2%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Henry

• 2024 margin: Solid R (+52.6) · D 23.2% · R 75.8% · Other 1.0%
• 2008→2024 swing: -41.6pp toward R · 2008: -11.0pp · 2024: -52.6pp
• All cycles: 2024: R+52.6 2020: R+50.1 2016: R+47.9 2012: R+25.9 2008: R+11.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.70%
• Current HPI: 253.2081
• 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

+37.5% since first listed

7 events — show timeline

• 2026-02-06 Price Changed $48,000 WCAR
• 2025-06-19 Price Changed $59,900 WCAR
• 2025-05-08 Listed $65,000 WCAR
• 2023-08-31 Listed $39,900 WCAR
• 2022-03-10 Sold (MLS) — WCAR
• 2022-01-14 Listed $34,900 WCAR
• 2006-09-15 Sold (Public Records) — Public Records

Property tax history

-0.2%/yr

Latest (2025): $153 · -44.6% YoY. Source: county tax records.