909 S Main St · El Dorado Springs, MO 64744

$149,000

3 bd · 1.5 ba · 1,704 sqft · SingleFamily public records · 128 Days on market

Built 1912 0.32 ac lot $87/sqft · 23% above area Est $140k · 7% over

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Why this score? — see what drove the D+ 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 +15.8/30.0
• Appreciation +10.0/10.0
• DSCR +4.9/10.0
• ARV discount +4.5/15.0
• 1% rule +3.3/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Home for Sale El Dorado Springs MO Located at 909 S Main El Dorado Springs MO, 3-bedroom, 1.5 bath home built in 1912 offering 1,960 sq ft of living space in the heart of El Dorado Springs. This classic two-story home blends historic character with everyday functionality, making it a great opportunity for homeowners or investors alike. Inside, you’ll find spacious living areas with tall ceilings and large windows that allow natural light to flow throughout the home. The layout provides generous room sizes, creating comfortable spaces for gathering, relaxing, or entertaining. The kitchen offers ample cabinet space and room to personalize to your taste. A convenient half bath adds practicality for guests, while the full bath serves the three well-sized bedrooms. Home For Sale Cedar County MO Located in Cedar County Missouri’s El Dorado Springs this home boast nearly 2,000 square feet, there is flexibility to update, modernize, or simply enjoy the character of a home built in the early 1900s. The craftsmanship and structure reflect the era, while the space provides the functionality needed for today’s lifestyle. Situated on South Main Street, the property offers close proximity to local businesses, schools, and daily conveniences while maintaining a residential feel. The yard provides room for outdoor enjoyment, or additional improvements. To contact the listing agent, scroll to the bottom of this page and find the listing agent's contact information.

Key facts

• Large windows
• Tall ceilings
• Convenient half bath

Tags

• SPACIOUS LIVING AREAS
• TALL CEILINGS
• LARGE WINDOWS
• AMPLE CABINET SPACE
• CONVENIENT HALF BATH
• FULL BATH

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $68 ($819/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 $123k (17.5% below list).
• Recommended offer: $123k (17.5% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.9% in El Dorado Springs — 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 62/100 on livability (#370 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment F.
• El Dorado Springs R-II (town): math 25% / reading 34% proficiency, ranked #279 of 324 in MO (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: El Dorado Springs Elem. (math 26% / reading 34%, grade F, #808 of 1,115 statewide, top 73%, 580 students, 100% FRL); El Dorado Springs Middle (math 28% / reading 31%, grade F, #291 of 391 statewide, top 76%, 244 students, 51% FRL); El Dorado Springs High (math 12% / reading 47%, grade F, #382 of 521 statewide, top 78%, 348 students, 40% FRL).
• Market conditions: 84 active listings in the ZIP; 4 units permitted in Cedar County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Cedar County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1912 — 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 $122,969 (17.5% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1912 — 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. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.96%
• DSCR: 1.09
• GRM: 10.1

CMA / ARV

• ARV (median comp): $139,727
• List price: $149,000
• Delta: 6.64%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
102 Winner Rd	0.33mi	3/1.0	1,728 (+1%)	2mo	$125,000	$72	79
710 S Park St	0.19mi	3/2.0	1,848 (+8%)	2mo	$160,000	$87	73
201 W Freeman St	0.54mi	3/2.0	1,716 (+1%)	15mo	$129,900	$76	59
1408 S Summer St	0.67mi	3/2.0	1,726 (+1%)	7mo	$130,000	$75	59
205 E Golden St	0.68mi	3/2.0	1,627 (-4%)	1mo	$234,900	$144	58
201 S Belisle St	0.47mi	4/1.5 (+1)	1,600 (-6%)	9mo	$175,000	$109	55
705 Sunset Dr	0.58mi	3/2.0	1,560 (-8%)	7mo	$169,500	$109	51
403 E Twyman Ave	0.30mi	4/2.0 (+1)	1,512 (-11%)	12mo	$70,000	$46	50
801 E Thompson St	0.62mi	4/2.0 (+1)	1,793 (+5%)	8mo	$175,000	$98	49
104 E Golden Ave	0.70mi	3/2.5	1,765 (+4%)	15mo	$229,000	$130	45
1402 S Grand Ave	0.59mi	3/2.0	1,550 (-9%)	18mo	$219,500	$142	40
108 S Grand Ave	0.54mi	4/2.0 (+1)	1,510 (-11%)	19mo	$25,000	$17	33

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.7%
• Equity multiple: 3.05×
• Total profit: $85,434
• Equity at exit: $134,231

10-year hold

• IRR: 22.6%
• Equity multiple: 6.95×
• Total profit: $248,056
• Equity at exit: $289,474

Cash invested: $41,720 (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 64744

• Home prices YoY: 5.2%
• Active inventory: 84
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,230 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$60 /mo · $717/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $68

Break-even live

Break-even rent $1,143

Max offer price $149,000

Occupancy floor 89%

Sensitivity live

Price	-10% $153	-5% $110	+0% $68	+5% $26	+10% $-16
Rent	-10% $-29	-5% $20	+0% $68	+5% $117	+10% $165
Rate	-1.0pp $143	-0.5pp $106	base $68	+0.5pp $30	+1.0pp $-10

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-22
   days on market $149,000 Active 128 DOM
2. 2026-06-21
   days on market $149,000 Active 127 DOM
3. 2026-06-21
   days on market $149,000 Active 126 DOM
4. 2026-06-18
   days on market $149,000 Active 124 DOM
5. 2026-06-17
   days on market $149,000 Active 123 DOM
6. 2026-06-16
   days on market $149,000 Active 122 DOM
7. 2026-06-15
   days on market $149,000 Active 121 DOM
8. 2026-06-13
   days on market $149,000 Active 119 DOM
9. 2026-06-12
   days on market $149,000 Active 118 DOM
10. 2026-06-09
    days on market $149,000 Active 115 DOM
11. 2026-06-08
    days on market $149,000 Active 114 DOM
12. 2026-06-07
    days on market $149,000 Active 113 DOM
13. 2026-06-07
    days on market $149,000 Active 112 DOM
14. 2026-06-04
    days on market $149,000 Active 109 DOM
15. 2026-06-02
    days on market $149,000 Active 108 DOM
16. 2026-06-01
    days on market $149,000 Active 107 DOM
17. 2026-05-31
    days on market $149,000 Active 106 DOM
18. 2026-02-15
    listed $149,000 Active
19. 2026-02-14
    listed $149,000 Active 1492-char remark

    Show marketing remark (1492 chars)

    Home for Sale El Dorado Springs MO Located at 909 S Main El Dorado Springs MO, 3-bedroom, 1.5 bath home built in 1912 offering 1,960 sq ft of living space in the heart of El Dorado Springs. This classic two-story home blends historic character with everyday functionality, making it a great opportunity for homeowners or investors alike. Inside, you’ll find spacious living areas with tall ceilings and large windows that allow natural light to flow throughout the home. The layout provides generous room sizes, creating comfortable spaces for gathering, relaxing, or entertaining. The kitchen offers ample cabinet space and room to personalize to your taste. A convenient half bath adds practicality for guests, while the full bath serves the three well-sized bedrooms. Home For Sale Cedar County MO Located in Cedar County Missouri’s El Dorado Springs this home boast nearly 2,000 square feet, there is flexibility to update, modernize, or simply enjoy the character of a home built in the early 1900s. The craftsmanship and structure reflect the era, while the space provides the functionality needed for today’s lifestyle. Situated on South Main Street, the property offers close proximity to local businesses, schools, and daily conveniences while maintaining a residential feel. The yard provides room for outdoor enjoyment, or additional improvements. To contact the listing agent, scroll to the bottom of this page and find the listing agent's contact information.

ⓘ 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: $717 · $60/mo
• Projected year-2 tax: $1,445 · $120/mo
• Expected delta: +$728/yr (+$61/mo · 101.4%)

ⓘ 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 5/10 Major 7 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $14,756
• − Mortgage interest: −$8,346
• − Property taxes: −$717
• − Insurance: −$745
• − Repairs & maintenance: −$1,181
• − Management: −$1,181
• − Depreciation: −$4,335
• Taxable loss: −$1,748
• Est. tax savings @ 24.0%: +$420
• After-tax cash flow: $1,238/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: El Dorado Springs R-II
• NCES district ID: 2911310
• Math proficiency: 25% ▼ -5.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $31,880
• Composite: 24.02/100
• National rank: #7772
• State rank: #279 of 324 in MO

Livability — El Dorado Springs

• Score: 62/100
• State rank: #370
• US rank: #16324

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: El Dorado Springs, MO
• Population (ZIP): 8,547

Population outlook (Cedar County) Hauer SSP2

• Today (2025): 13,424 people
• By 2030: 13,080 · -2.6%
• By 2040: 12,434 · -7.4%
• By 2050: 11,841 · -11.8%
• By 2075: 10,171 · -24.2%
• By 2100: 7,744 · -42.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4%
• Common ancestry: Italian 6% Iranian 3% Romanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 94% English-only · German/W. Germanic 5% Spanish 1%

Political lean MEDSL · Cedar

• 2024 margin: Solid R (+69.6) · D 14.8% · R 84.4%
• 2008→2024 swing: -36.0pp toward R · 2008: -33.6pp · 2024: -69.6pp
• All cycles: 2024: R+69.6 2020: R+65.9 2016: R+63.9 2012: R+47.0 2008: R+33.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 11.88%
• Current HPI: 242.0421
• 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

+0.0% since first listed

2 events — show timeline

• 2026-02-15 Listed $149,000 SOMO
• 2026-02-14 Listed $149,000 Heartland MLS as Distributed by MLS Grid

Property tax history

+3.8%/yr

Latest (2025): $717 · +10.6% YoY. Source: county tax records.