71323 Fawnwood Dr · Leisure Lake, MO 64683

$25,000

3 bd · 1.0 ba · 720 sqft · SingleFamily public records · 20 Days on market

Built 1959 0.92 ac lot $35/sqft · 24% below area Est $33k · 24% under $51/mo HOA · 6% of rent

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on market! Dont miss your chance! Charming Leisure Lake property on 0.92 acres with Lake Views! Discover a rare opportunity in the Leisure Lake community—this character-filled older home sits on 0.92 acres, made up of six individual lots. Perched to capture beautiful views of the water, the home offers a peaceful setting surrounded by nature and the best of lake living. Enjoy convenient community access to Leisure Lake for fishing, boating, and swimming. With multiple lots included, there’s room for expansion, gardening, outdoor entertaining, or even future building potential. Whether you’re looking for a weekend getaway, a full-time residence, or an investment property, this home combines opportunity with a one-of-a-kind location. Upgrades include a replaced roof when rooms were added, as well as back bedrooms that were added on to expand the living space of the home. This home has so much potential and just needs the right person to restore it back to life!

Key facts

• Boating
• Lake views
• Community access

Tags

• LAKE VIEWS
• 0.92 ACRES
• COMMUNITY ACCESS
• FISHING
• BOATING
• SWIMMING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $492 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($891 rent vs $25k).
• Recommended offer: $25k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 49/100 on livability (#920 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: schools D-, crime F, amenities F.
• Trenton R-IX (town): math 28% / reading 43% proficiency, ranked #223 of 324 in MO (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 50 active listings in the ZIP; 2 units permitted in Grundy County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $173 of loan paydown is wiped out by about $750 of value loss. Plan a longer hold.
• Grundy County population projected at -14% 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 $7k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($25k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $4k; list at $25k implies a 495% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $24,625 (1.5% below list)

Questions for the listing agent

1. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 3.56% ✓
• Cap rate: 29.90%
• Cash-on-cash: 84.32%
• DSCR: 4.75
• GRM: 2.3

CMA / ARV

• ARV (median comp): $32,964
• List price: $25,000
• Delta: -0.19%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 84.8%
• Equity multiple: 4.90×
• Total profit: $27,315
• Equity at exit: $3,728

10-year hold

• IRR: 88.0%
• Equity multiple: 10.18×
• Total profit: $64,279
• Equity at exit: $2,162

Cash invested: $7,000 (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 64683

• Home prices YoY: -14.6%
• Active inventory: 50
• Price-to-rent: 2.3×

Monthly cashflow live

• Estimated rent: $891 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$19 /mo · $232/yr
• Insurance: −$10
• HOA: −$51
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $492

Break-even live

Break-even rent $268

Max offer price $25,000

Occupancy floor 40%

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $51 · $612/yr
• Likely covers: water

Listing history 21 events

1. 2026-06-18
   days on market $25,000 Active 20 DOM
2. 2026-06-17
   days on market $25,000 Active 19 DOM
3. 2026-06-16
   days on market $25,000 Active 18 DOM
4. 2026-06-15
   days on market $25,000 Active 17 DOM
5. 2026-06-13
   days on market $25,000 Active 15 DOM
6. 2026-06-12
   days on market $25,000 Active 14 DOM
7. 2026-06-09
   days on market $25,000 Active 11 DOM
8. 2026-06-08
   days on market $25,000 Active 10 DOM
9. 2026-06-07
   days on market $25,000 Active 9 DOM
10. 2026-06-07
    days on market $25,000 Active 8 DOM
11. 2026-06-04
    days on market $25,000 Active 5 DOM
12. 2026-06-02
    days on market $25,000 Active 4 DOM
13. 2026-06-01
    days on market $25,000 Active 3 DOM
14. 2026-05-31
    days on market $25,000 Active 2 DOM
15. 2026-04-07
    price $32,900 999-char remark

    Show marketing remark (999 chars)

    Back on market! Dont miss your chance! Charming Leisure Lake property on 0.92 acres with Lake Views! Discover a rare opportunity in the Leisure Lake community—this character-filled older home sits on 0.92 acres, made up of six individual lots. Perched to capture beautiful views of the water, the home offers a peaceful setting surrounded by nature and the best of lake living. Enjoy convenient community access to Leisure Lake for fishing, boating, and swimming. With multiple lots included, there’s room for expansion, gardening, outdoor entertaining, or even future building potential. Whether you’re looking for a weekend getaway, a full-time residence, or an investment property, this home combines opportunity with a one-of-a-kind location. Upgrades include a replaced roof when rooms were added, as well as back bedrooms that were added on to expand the living space of the home. This home has so much potential and just needs the right person to restore it back to life!

16. 2026-03-14
    status Active 999-char remark

    Show marketing remark (999 chars)

    Back on market! Dont miss your chance! Charming Leisure Lake property on 0.92 acres with Lake Views! Discover a rare opportunity in the Leisure Lake community—this character-filled older home sits on 0.92 acres, made up of six individual lots. Perched to capture beautiful views of the water, the home offers a peaceful setting surrounded by nature and the best of lake living. Enjoy convenient community access to Leisure Lake for fishing, boating, and swimming. With multiple lots included, there’s room for expansion, gardening, outdoor entertaining, or even future building potential. Whether you’re looking for a weekend getaway, a full-time residence, or an investment property, this home combines opportunity with a one-of-a-kind location. Upgrades include a replaced roof when rooms were added, as well as back bedrooms that were added on to expand the living space of the home. This home has so much potential and just needs the right person to restore it back to life!

17. 2026-02-23
    status Pending 999-char remark

    Show marketing remark (999 chars)

    Back on market! Dont miss your chance! Charming Leisure Lake property on 0.92 acres with Lake Views! Discover a rare opportunity in the Leisure Lake community—this character-filled older home sits on 0.92 acres, made up of six individual lots. Perched to capture beautiful views of the water, the home offers a peaceful setting surrounded by nature and the best of lake living. Enjoy convenient community access to Leisure Lake for fishing, boating, and swimming. With multiple lots included, there’s room for expansion, gardening, outdoor entertaining, or even future building potential. Whether you’re looking for a weekend getaway, a full-time residence, or an investment property, this home combines opportunity with a one-of-a-kind location. Upgrades include a replaced roof when rooms were added, as well as back bedrooms that were added on to expand the living space of the home. This home has so much potential and just needs the right person to restore it back to life!

18. 2025-11-27
    status Active 999-char remark

    Show marketing remark (999 chars)

    Back on market! Dont miss your chance! Charming Leisure Lake property on 0.92 acres with Lake Views! Discover a rare opportunity in the Leisure Lake community—this character-filled older home sits on 0.92 acres, made up of six individual lots. Perched to capture beautiful views of the water, the home offers a peaceful setting surrounded by nature and the best of lake living. Enjoy convenient community access to Leisure Lake for fishing, boating, and swimming. With multiple lots included, there’s room for expansion, gardening, outdoor entertaining, or even future building potential. Whether you’re looking for a weekend getaway, a full-time residence, or an investment property, this home combines opportunity with a one-of-a-kind location. Upgrades include a replaced roof when rooms were added, as well as back bedrooms that were added on to expand the living space of the home. This home has so much potential and just needs the right person to restore it back to life!

19. 2025-10-21
    status Pending 999-char remark

    Show marketing remark (999 chars)

    Back on market! Dont miss your chance! Charming Leisure Lake property on 0.92 acres with Lake Views! Discover a rare opportunity in the Leisure Lake community—this character-filled older home sits on 0.92 acres, made up of six individual lots. Perched to capture beautiful views of the water, the home offers a peaceful setting surrounded by nature and the best of lake living. Enjoy convenient community access to Leisure Lake for fishing, boating, and swimming. With multiple lots included, there’s room for expansion, gardening, outdoor entertaining, or even future building potential. Whether you’re looking for a weekend getaway, a full-time residence, or an investment property, this home combines opportunity with a one-of-a-kind location. Upgrades include a replaced roof when rooms were added, as well as back bedrooms that were added on to expand the living space of the home. This home has so much potential and just needs the right person to restore it back to life!

20. 2025-09-30
    listed $35,000 Active 999-char remark

    Show marketing remark (999 chars)

    Back on market! Dont miss your chance! Charming Leisure Lake property on 0.92 acres with Lake Views! Discover a rare opportunity in the Leisure Lake community—this character-filled older home sits on 0.92 acres, made up of six individual lots. Perched to capture beautiful views of the water, the home offers a peaceful setting surrounded by nature and the best of lake living. Enjoy convenient community access to Leisure Lake for fishing, boating, and swimming. With multiple lots included, there’s room for expansion, gardening, outdoor entertaining, or even future building potential. Whether you’re looking for a weekend getaway, a full-time residence, or an investment property, this home combines opportunity with a one-of-a-kind location. Upgrades include a replaced roof when rooms were added, as well as back bedrooms that were added on to expand the living space of the home. This home has so much potential and just needs the right person to restore it back to life!

21. 2001-12-07
    soldstatus $4,200

ⓘ 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: $232 · $19/mo
• Projected year-2 tax: $242 · $20/mo
• Expected delta: +$11/yr (+$1/mo · 4.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥106°F today · 15 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: $10,690
• − Mortgage interest: −$1,400
• − Property taxes: −$232
• − Insurance: −$125
• − Repairs & maintenance: −$855
• − Management: −$855
• − HOA: −$612
• − Depreciation: −$727
• Taxable income: $5,883
• Est. tax owed @ 24.0%: −$1,412
• After-tax cash flow: $4,491/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: Trenton R-IX
• NCES district ID: 2930360
• Math proficiency: 28% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $37,586
• Composite: 29.52/100
• National rank: #6499
• State rank: #223 of 324 in MO

Livability — Leisure Lake

• Score: 49/100
• State rank: #920
• US rank: #25851

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Leisure Lake, MO
• Population (ZIP): 7,648

Population outlook (Grundy County) Hauer SSP2

• Today (2025): 9,586 people
• By 2030: 9,298 · -3.0%
• By 2040: 8,783 · -8.4%
• By 2050: 8,262 · -13.8%
• By 2075: 7,011 · -26.9%
• By 2100: 5,650 · -41.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Hispanic / Latino 3% Asian 1%
• Common ancestry: Serbian 2% Portuguese 1% Slovak 1%
• Foreign-born: 1% · China
• Languages at home: 98% English-only · German/W. Germanic 1% Chinese 1% Spanish 1%

Political lean MEDSL · Grundy

• 2024 margin: Solid R (+63.6) · D 17.8% · R 81.4%
• 2008→2024 swing: -33.5pp toward R · 2008: -30.1pp · 2024: -63.6pp
• All cycles: 2024: R+63.6 2020: R+62.8 2016: R+60.8 2012: R+41.6 2008: R+30.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.24%
• Current HPI: 188.2901
• 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

+683.3% since first listed

7 events — show timeline

• 2026-04-07 Price Changed $32,900 Heartland MLS as Distributed by MLS Grid
• 2026-03-14 Relisted — Heartland MLS as Distributed by MLS Grid
• 2026-02-23 Pending — Heartland MLS as Distributed by MLS Grid
• 2025-11-27 Relisted — Heartland MLS as Distributed by MLS Grid
• 2025-10-21 Pending — Heartland MLS as Distributed by MLS Grid
• 2025-09-30 Listed $35,000 Heartland MLS as Distributed by MLS Grid
• 2001-12-07 Sold (Public Records) $4,200 Public Records

Property tax history

+10.1%/yr

Latest (2025): $232 · +16.2% YoY. Source: county tax records.