3107 Elmwood Ave · Kansas City, MO 64128

$115,000

2 bd · 1.0 ba · 962 sqft · SingleFamily public records · 112 Days on market

Built 1948 4,794 sqft lot $120/sqft · 34% above area Est $86k · 34% over

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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 +23.8/30.0
• Appreciation +10.0/10.0
• DSCR +7.7/10.0
• 1% rule +5.2/10.0
• Livability +3.9/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Opportunity awaits with this charming 3-bedroom, 1-bath home. Perfect for DIY homebuyers or investors seeking a value-add opportunity, this property offers great potential and flexibility. It gets better, low taxes make her a perfect buy. The home features 962 square feet of living space, an unfinished basement offering additional storage or future expansion potential, and the convenience of an attached garage. Previously rented at $1,200 per month, this property presents an attractive option for investors looking for a quick transition. Ideally located with easy access to major roadways, schools, and local amenities, the home also benefits from a public EV charger located on the street nearby.

Key facts

• 4,794 sq ft lot
• Garage
• Built 1948

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $105k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 3.9% in Kansas City — 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 78/100 on livability (#28 in MO, #2,671 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F.
• Kansas City 33 (urban): math 12% / reading 24% proficiency, ranked #308 of 324 in MO (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.7%/yr); 86 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,002 units permitted in Jackson County in 2024 (2,271 in 5+ unit buildings).
• This rent runs 39% of the median local income ($36k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $12k of equity ($795 loan paydown + $12k appreciation (10.0% local appreciation)).
• Jackson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 4.7% rent growth), your $32k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago 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 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $104,650 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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: 1.02% ✓
• Cap rate: 8.60%
• Cash-on-cash: 8.24%
• DSCR: 1.37
• GRM: 8.2

CMA / ARV

• ARV (median comp): $85,586
• List price: $115,000
• Delta: 34.37%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3118 Kensington Ave	0.15mi	2/1.0	912 (-5%)	8mo	$107,000	$117	77
2835 Raytown Rd	0.43mi	3/1.0 (+1)	958 (-0%)	7mo	$185,000	$193	68
4015 E Linwood Blvd	0.37mi	2/1.0	1,036 (+8%)	4mo	$79,000	$76	67
2830 Cypress Ave	0.34mi	3/1.0 (+1)	1,043 (+8%)	0mo	$29,900	$29	65
2810 Elmwood Ave	0.38mi	2/1.0	856 (-11%)	1mo	$120,000	$140	64
3031 Askew Ave	0.62mi	2/1.0	928 (-4%)	3mo	$40,000	$43	62
3316 Cypress Ave	0.28mi	3/1.0 (+1)	1,100 (+14%)	3mo	$90,000	$82	56
3028 Drury Ave	0.62mi	3/1.0 (+1)	1,019 (+6%)	2mo	$115,000	$113	55
5226 E 28th Ter	0.54mi	3/2.5 (+1)	916 (-5%)	4mo	$120,000	$131	52
2531 Jackson Ave	0.74mi	2/2.0	944 (-2%)	8mo	$135,000	$143	51
3630 Jackson Ave	0.72mi	2/1.0	888 (-8%)	4mo	$59,000	$66	50
3304 Askew Ave	0.69mi	3/1.0 (+1)	1,066 (+11%)	3mo	$45,000	$42	42

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 · 4.65% rent growth · sell at horizon

5-year hold

• IRR: 30.9%
• Equity multiple: 3.44×
• Total profit: $78,659
• Equity at exit: $103,601

10-year hold

• IRR: 27.2%
• Equity multiple: 7.98×
• Total profit: $224,795
• Equity at exit: $223,420

Cash invested: $32,200 (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 64128

• Home prices YoY: 21.6%
• Rents YoY: 4.7%
• Active inventory: 86
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,175 high
• Mortgage (P&I): −$603
• Tax from tax record: −$56 /mo · $674/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $221

Break-even live

Break-even rent $895

Max offer price $115,000

Occupancy floor 76%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3032 Elmwood Ave Kansas City, MO	3.0	1.0	1027	$1,275	$1.24	7d	1	0.05mi
3118 Chelsea Ave Kansas City, MO	2.0	1.0	864	$980	$1.13	43d	1	0.11mi
5108 E 30th St Kansas City, MO	3.0	1.0	960	$1,400	$1.46	3d	1	0.38mi
3243 Denver Dr Kansas City, MO	1.0–3.0	1.0	862	$1,088	$1.26	43d	1	0.47mi
3437 Jackson Ave Kansas City, MO	2.0	1.0	700	$1,150	$1.64	16d	1	0.51mi
2855 Van Brunt Blvd Unit A Kansas City, MO	2.0	1.0	744	$1,080	$1.45	43d	1	0.59mi
2454 Cypress Ave Kansas City, MO	3.0	1.0	800	$1,300	$1.62	4d	1	0.78mi
2447 Norton Ave Kansas City, MO	2.0	1.0	800	$976	$1.22	16d	1	0.83mi
3736 Cypress Ave Kansas City, MO	3.0	1.0	1100	$1,200	$1.09	7d	1	0.84mi
3310 College Ave Kansas City, MO	3.0	1.0	874	$995	$1.14	43d	1	0.86mi
2424 Norton Ave Unit B Kansas City, MO	3.0	1.0	982	$1,150	$1.17	16d	1	0.89mi
4902 E 39th St Kansas City, MO	2.0	1.0	820	$1,300	$1.59	16d	1	0.93mi
3330 Agnes Ave Kansas City, MO	3.0	1.0	1000	$1,410	$1.41	43d	1	1.05mi
2419 Bales Ave Kansas City, MO	3.0	1.5	1116	$1,500	$1.34	3d	1	1.09mi
2701 Benton Blvd Unit 2703-2 Kansas City, MO	2.0	1.0	800	$1,200	$1.50	2d	1	1.13mi
2701 Benton Blvd Unit 2705-3 Kansas City, MO	2.0	1.0	800	$1,200	$1.50	7d	1	1.13mi
2637 E 29th St Unit 3 Kansas City, MO	2.0	1.0	954	$1,050	$1.10	43d	1	1.15mi
2413 College Ave Kansas City, MO	2.0	2.0	1022	$1,225	$1.20	23d	1	1.19mi
2225 Askew Ave Kansas City, MO	2.0	1.0	864	$1,050	$1.22	43d	1	1.19mi
2213 Askew Ave Kansas City, MO	2.0	1.0	865	$1,002	$1.16	19d	1	1.22mi
3911 Oakley Ave Kansas City, MO	2.0	1.0	816	$1,195	$1.46	12d	1	1.22mi
4028 Myrtle Ave Kansas City, MO	3.0	1.0	1100	$1,490	$1.35	43d	1	1.25mi
5601 E 39th Ter Kansas City, MO	3.0	1.0	816	$1,225	$1.50	3d	1	1.29mi
4005 Bales Ave Kansas City, MO	2.0	1.0	792	$1,050	$1.33	43d	1	1.31mi
2454 Benton Blvd Unit 2460-3 Kansas City, MO	1.0	1.0	750	$1,100	$1.47	17d	1	1.31mi
2454 Benton Blvd Unit 2456-1 Kansas City, MO	1.0	1.0	750	$1,000	$1.33	17d	1	1.31mi
2454 Benton Blvd Unit 2458-2 Kansas City, MO	1.0	1.0	750	$1,000	$1.33	7d	1	1.32mi
5700 E 40th St Kansas City, MO	3.0	1.0	816	$1,245	$1.53	21d	1	1.32mi
5636 E 40th St Kansas City, MO	3.0	1.0	816	$1,225	$1.50	3d	1	1.32mi
5707 E 40th St Kansas City, MO	3.0	1.0	816	$1,295	$1.59	12d	1	1.35mi
3233 Park Ave Unit 1 Kansas City, MO	2.0	1.0	950	$1,075	$1.13	43d	1	1.42mi
3233 Park Ave Unit 2 Kansas City, MO	2.0	1.0	950	$1,000	$1.05	23d	1	1.42mi
4216 Cleveland Ave Kansas City, MO	2.0	1.0	780	$1,125	$1.44	16d	1	1.49mi
3710 Wabash Ave Unit 2S Kansas City, MO	2.0	1.0	875	$850	$0.97	23d	1	1.49mi

Listing history 21 events

1. 2026-06-18
   days on market $115,000 Active 112 DOM
2. 2026-06-17
   days on market $115,000 Active 111 DOM
3. 2026-06-16
   days on market $115,000 Active 110 DOM
4. 2026-06-15
   days on market $115,000 Active 109 DOM
5. 2026-06-13
   days on market $115,000 Active 107 DOM
6. 2026-06-09
   days on market $115,000 Active 103 DOM
7. 2026-06-08
   days on market $115,000 Active 102 DOM
8. 2026-06-07
   days on market $115,000 Active 101 DOM
9. 2026-06-05
   days on market $115,000 Active 98 DOM
10. 2026-06-03
    days on market $115,000 Active 97 DOM
11. 2026-06-02
    days on market $115,000 Active 96 DOM
12. 2026-06-01
    days on market $115,000 Active 95 DOM
13. 2026-05-31
    days on market $115,000 Active 94 DOM
14. 2026-02-27
    listed $115,000 Active 703-char remark

    Show marketing remark (703 chars)

    Opportunity awaits with this charming 3-bedroom, 1-bath home. Perfect for DIY homebuyers or investors seeking a value-add opportunity, this property offers great potential and flexibility. It gets better, low taxes make her a perfect buy. The home features 962 square feet of living space, an unfinished basement offering additional storage or future expansion potential, and the convenience of an attached garage. Previously rented at $1,200 per month, this property presents an attractive option for investors looking for a quick transition. Ideally located with easy access to major roadways, schools, and local amenities, the home also benefits from a public EV charger located on the street nearby.

15. 2026-02-11
    historical $115,000 703-char remark

    Show marketing remark (703 chars)

    Opportunity awaits with this charming 3-bedroom, 1-bath home. Perfect for DIY homebuyers or investors seeking a value-add opportunity, this property offers great potential and flexibility. It gets better, low taxes make her a perfect buy. The home features 962 square feet of living space, an unfinished basement offering additional storage or future expansion potential, and the convenience of an attached garage. Previously rented at $1,200 per month, this property presents an attractive option for investors looking for a quick transition. Ideally located with easy access to major roadways, schools, and local amenities, the home also benefits from a public EV charger located on the street nearby.

16. 2022-06-29
    soldstatus
17. 2022-06-23
    soldstatus Closed 370-char remark

    Show marketing remark (370 chars)

    Must see adorable bungalow in the heart of the city! This home would be perfect for a first-time home buyer or an investment property that is rent-ready! Beautiful hardwood floors, remodeled kitchen and bathroom. Front porch is perfect for enjoying a cup of coffee in the morning or relaxing in the summer evenings. 1 car garage is located in the full walk-up basement.

18. 2022-06-11
    status Pending 370-char remark

    Show marketing remark (370 chars)

    Must see adorable bungalow in the heart of the city! This home would be perfect for a first-time home buyer or an investment property that is rent-ready! Beautiful hardwood floors, remodeled kitchen and bathroom. Front porch is perfect for enjoying a cup of coffee in the morning or relaxing in the summer evenings. 1 car garage is located in the full walk-up basement.

19. 2022-06-04
    listed $107,900 Active 370-char remark

    Show marketing remark (370 chars)

    Must see adorable bungalow in the heart of the city! This home would be perfect for a first-time home buyer or an investment property that is rent-ready! Beautiful hardwood floors, remodeled kitchen and bathroom. Front porch is perfect for enjoying a cup of coffee in the morning or relaxing in the summer evenings. 1 car garage is located in the full walk-up basement.

20. 2022-05-27
    historical
21. 2022-05-13
    listed $110,000 Active

ⓘ 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: $674 · $56/mo
• Projected year-2 tax: $1,116 · $93/mo
• Expected delta: +$441/yr (+$37/mo · 65.4%)

ⓘ 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 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,100
• − Mortgage interest: −$6,442
• − Property taxes: −$674
• − Insurance: −$575
• − Repairs & maintenance: −$1,128
• − Management: −$1,128
• − Depreciation: −$3,345
• Taxable income: $807
• Est. tax owed @ 24.0%: −$194
• After-tax cash flow: $2,459/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: Kansas City 33
• NCES district ID: 2916400
• Math proficiency: 12% ▼ -8.00%
• Reading proficiency: 24% ▬ 0.00%
• Median HH income: $35,227
• Composite: 14.8/100
• National rank: #9387
• State rank: #308 of 324 in MO

Livability — Kansas City

• Score: 78/100
• State rank: #28
• US rank: #2671

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kansas City, MO
• County: Jackson County · 687,798 people
• City population: 439,467
• Metro: Kansas City, MO-KS
• Population (ZIP): 11,912
• Household income: $36,088
• Rent vs Own: 52.5% rent · 47.5% own
• Severe rent burden: 946.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 719,589 people
• By 2030: 731,456 · +1.6%
• By 2040: 746,689 · +3.8%
• By 2050: 749,289 · +4.1%
• By 2075: 736,227 · +2.3%
• By 2100: 668,210 · -7.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (79%)
• Race & ethnicity: Black 79% Hispanic / Latino 9% White 8% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Swedish 1% Hispanic 1%
• Foreign-born: 7% · Canada
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 2%

Political lean MEDSL · Jackson

• 2024 margin: D (+19.3) · D 58.9% · R 39.5% · Other 1.6%
• 2008→2024 swing: -6.1pp toward R · 2008: 25.4pp · 2024: 19.3pp
• All cycles: 2024: D+19.3 2020: D+22.0 2016: D+16.6 2012: D+19.0 2008: D+25.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 73.41%
• Current HPI: 412.6862
• Rent YoY: ▲ 4.65%
• Metro: Kansas City, MO-KS
• 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

+4.5% since first listed

8 events — show timeline

• 2026-02-27 Listed $115,000 Heartland MLS as Distributed by MLS Grid
• 2026-02-11 Coming Soon $115,000 Heartland MLS as Distributed by MLS Grid
• 2022-06-29 Sold (Public Records) — Public Records
• 2022-06-23 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2022-06-11 Pending — Heartland MLS as Distributed by MLS Grid
• 2022-06-04 Listed $107,900 Heartland MLS as Distributed by MLS Grid
• 2022-05-27 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2022-05-13 Listed $110,000 Heartland MLS as Distributed by MLS Grid

Property tax history

+2.1%/yr

Latest (2025): $674 · -53.1% YoY. Source: county tax records.