2702 Chatham Dr · Maryland Heights, MO 63043

$175,000

3 bd · 1.0 ba · 952 sqft · SingleFamily public records · 3 Days on market

Built 1959 7,501 sqft lot Est $220k · 20% under

---

Why this score? — see what drove the C- 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 +15.4/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• 1% rule +4.0/10.0
• Livability +3.6/5.0
• Schools +3.4/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

If you've been waiting for a home in the Pattonville School District that checks the boxes without breaking the budget, here it is. This well-cared-for 3-bedroom, 1-bath home sits on a level lot with a fenced backyard that's ready for kids, dogs, backyard barbecues, or all three at the same time. Inside, you'll find a comfortable layout that's been lovingly maintained and is ready for its next chapter. Outside, there's plenty of room to spread out, play, garden, or simply enjoy a little extra breathing room. Clean, cared for, and in a location that's always in demand, this is the kind of home that feels easy the moment you pull into the driveway. Come take a look before someone else beats y

Key facts

• Level lot
• Fenced backyard
• 7,501 sq ft lot

Tags

• FENCED BACKYARD
• LEVEL LOT

Property features AI

Finance

• Other:
• Financial info: Seller may consider concessions; Lease not considered
• HOA & community:

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer; Electricity connected (single-phase); Natural gas connected
• Home design: Single-family residence (attached); Vinyl siding; Entry and living area on one level; House faces unspecified direction
• Construction: Vinyl siding construction; Concrete basement (unfinished)
• Exterior features: Front yard; Back yard; Chain link fencing

Interior

• Kitchen:
• Bedrooms: Three bedrooms on the main level
• Flooring:
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Electric forced-air heating; Central electric air conditioning
• Interior features: Concrete, unfinished basement; One level (single-story) layout
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $67 ($806/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (9.7% below list).
• Recommended offer: $158k (9.7% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.2% in Maryland Heights — 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 71/100 on livability (#101 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, amenities F, commute F.
• Pattonville R-III (suburban): math 32% / reading 46% proficiency, ranked #147 of 324 in MO (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rose Acres Elem. (math 62% / reading 67%, grade B, #70 of 1,115 statewide, top 8%, 350 students, 28% FRL); Pattonville Sr. High (math 33% / reading 64%, grade D, #147 of 521 statewide, top 29%, 1,893 students, 39% FRL) — zoned schools at 34% FRL track the district average.
• Zoned-school proficiency averages 56% at this address vs 39% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Pattonville R-III average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+1.6%/yr); 107 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 920 units permitted in St. Louis County in 2024 (250 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

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

Recommended offer $157,956 (9.7% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.90% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.64%
• DSCR: 1.07
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $219,912
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2675 Dunhill Dr	0.17mi	3/1.0	952 (0%)	2mo	$209,900	$220	91
12167 Parkwood Pl	0.26mi	3/1.0	952 (0%)	0mo	$215,000	$226	88
2643 Bonniebrook Dr	0.27mi	3/1.0	952 (0%)	2mo	$239,000	$251	86
12249 Bennington Pl	0.39mi	3/1.0	952 (0%)	1mo	$218,000	$229	81
12157 Bennington Pl	0.38mi	3/2.5	952 (0%)	1mo	$225,000	$236	76
2686 Creve Coeur Mill Rd	0.06mi	3/2.0	1,052 (+10%)	1mo	$239,000	$227	75
2482 Bonniebrook Dr	0.47mi	3/1.5	952 (0%)	4mo	$220,000	$231	72
11983 Brookmont Dr	0.59mi	3/1.0	972 (+2%)	7mo	$210,000	$216	63
11959 Brookmont Dr	0.62mi	4/2.0 (+1)	999 (+5%)	0mo	$285,000	$285	53
2639 Glenoak Dr	0.65mi	3/1.5	1,036 (+9%)	2mo	$259,000	$250	52
11954 Glenoak Dr	0.53mi	2/2.0 (-1)	1,048 (+10%)	2mo	$229,000	$219	47
11844 Smoke Valley Ct	0.72mi	3/1.5	1,048 (+10%)	1mo	$280,000	$267	47

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 · 1.6% rent growth · sell at horizon

5-year hold

• IRR: -15.2%
• Equity multiple: 0.46×
• Total profit: $-26,268
• Equity at exit: $26,093

10-year hold

• IRR: -9.2%
• Equity multiple: 0.47×
• Total profit: $-26,095
• Equity at exit: $15,131

Cash invested: $49,000 (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 63043

• Rents YoY: 1.6%
• Active inventory: 107
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,580 high
• Mortgage (P&I): −$918
• Tax from tax record: −$190 /mo · $2,281/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $67

Break-even live

Break-even rent $1,495

Max offer price $175,000

Occupancy floor 91%

Sensitivity live

Price	-10% $166	-5% $117	+0% $67	+5% $18	+10% $-32
Rent	-10% $-58	-5% $5	+0% $67	+5% $130	+10% $192
Rate	-1.0pp $155	-0.5pp $112	base $67	+0.5pp $22	+1.0pp $-24

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12204 McKelvey Rd Maryland Heights, MO	2.0	1.0	825	$989	$1.20	25d	1	0.18mi
11918 Brookmont Dr Maryland Heights, MO	3.0	1.0	980	$1,800	$1.84	45d	1	0.70mi
2657 McKelvey Rd Maryland Heights, MO	3.0	2.0	962	$1,895	$1.97	25d	1	0.74mi
7 Edgeworth Ave Maryland Heights, MO	3.0	1.5	988	$1,995	$2.02	25d	1	1.36mi
3253 Greenbridge Dr Bridgeton, MO	3.0	1.5	1066	$2,561	$2.40	12d	1	1.46mi

Listing history 4 events

1. 2026-06-15
   status $175,000 Pending 3 DOM
2. 2026-06-13
   days on market $175,000 Active 3 DOM
3. 2026-06-13
   remarks 699-char remark
4. 2026-06-13
   listed $175,000 Active 2 DOM

ⓘ 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: $2,281 · $190/mo
• Projected year-2 tax: $2,281 · $190/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 4/10 Moderate 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,955
• − Mortgage interest: −$9,803
• − Property taxes: −$2,281
• − Insurance: −$875
• − Repairs & maintenance: −$1,516
• − Management: −$1,516
• − Depreciation: −$5,091
• Taxable loss: −$2,127
• Est. tax savings @ 24.0%: +$511
• After-tax cash flow: $1,317/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: Pattonville R-III
• NCES district ID: 2923700
• Math proficiency: 32% ▼ -11.00%
• Reading proficiency: 46% ▼ -5.00%
• Median HH income: $50,786
• Composite: 33.69/100
• National rank: #5383
• State rank: #147 of 324 in MO

Livability — Maryland Heights

• Score: 71/100
• State rank: #101
• US rank: #6808

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maryland Heights, MO
• County: Saint Louis County · 888,823 people
• City population: 21,924
• Metro: St. Louis, MO-IL
• Population (ZIP): 21,924
• Household income: $91,509
• Rent vs Own: 30.4% rent · 69.6% own
• Severe rent burden: 277.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 1,025,227 people
• By 2030: 1,028,023 · +0.3%
• By 2040: 1,020,940 · -0.4%
• By 2050: 1,007,280 · -1.8%
• By 2075: 987,277 · -3.7%
• By 2100: 921,984 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 62% Black 14% Asian 14% Two or more races 6% Hispanic / Latino 5%
• Common ancestry: Lithuanian 4% Slovak 3% French 2%
• Foreign-born: 18% · Canada, China, Vietnam
• Languages at home: 78% English-only · Other Asian/Pacific 7% Spanish 5% Other Indo-European 4%

Political lean MEDSL · St. Louis

• 2024 margin: Strong D (+23.4) · D 60.8% · R 37.4% · Other 1.7%
• 2008→2024 swing: +3.5pp toward D · 2008: 19.9pp · 2024: 23.4pp
• All cycles: 2024: D+23.4 2020: D+24.0 2016: D+16.2 2012: D+13.7 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -307.48%
• Current HPI: 218.599
• Rent YoY: ▲ 1.60%
• Metro: St. Louis, MO-IL
• 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

• 2026-06-10 Listed $175,000 MARIS as Distributed by MLS Grid
• 1993-06-25 Sold (Public Records) — Public Records

Property tax history

+2.2%/yr

Latest (2022): $2,281 · +1.1% YoY. Source: county tax records.