22479 S Dorothy Dr · Malden, MO 63863

$155,000

3 bd · 2.0 ba · 2,475 sqft · Other public records · 122 Days on market

Built 1976 0.34 ac lot $63/sqft · 6% below area Est $165k · 6% under ↓ 29% since listing

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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 +16.0/30.0
• ARV discount +10.3/15.0
• Appreciation +6.6/10.0
• DSCR +4.9/10.0
• 1% rule +3.3/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks MLS

Welcome to 22479 S. Dorothy Drive in Malden, Missouri - a beautifully renovated property that offers versatility, space, and modern comfort. Spanning nearly 2,500 square feet, this home features a 3-bedroom, 2-bathroom main living area that has been thoughtfully updated with a brand-new kitchen, new flooring throughout, and completely remodeled bathrooms. Attached to the main home is a spacious mother-in-law suite, complete with its own full kitchen, full bathroom, and a large studio-style layout. The suite includes multiple ingress and egress doors and is separated from the main home by elegant French doors, allowing the entire residence to function either as a single-family home or be easily converted into a duplex apartment. Sitting on a generous corner lot, the property also offers a large backyard deck, perfect for outdoor gatherings or relaxing evenings. This unique listing combines practical living with investment potential, all within a desirable neighborhood setting.

Key facts

• Full kitchen
• Mother-in-law suite
• Renovated property

Tags

• RENOVATED PROPERTY
• BRAND NEW KITCHEN
• REMODELED BATHROOMS
• MOTHER-IN-LAW SUITE
• FULL KITCHEN
• FULL BATHROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $155k.

Deal economics

• At list price, monthly cash flow is $-115 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $135k (13.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $128k (17.2% below list).
• Recommended offer: $128k (17.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#572 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime F, amenities F.
• Malden R-I (town): math 19% / reading 31% proficiency, ranked #294 of 324 in MO (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Malden Lower Elem. (math 23% / reading 35%, grade F, #842 of 1,115 statewide, top 76%, 454 students, 100% FRL); Malden High (math 12% / reading 27%, grade F, #478 of 521 statewide, top 92%, 425 students, 100% FRL) — zoned schools average 100% FRL vs 63% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 36 active listings in the ZIP; 30 units permitted in Dunklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (3.3% local appreciation)).
• Dunklin County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 6, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 122 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $192/mo.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,281 (17.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 122 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. 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.
10. 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.
11. 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: 6.89%
• Cash-on-cash: 2.13%
• DSCR: 1.09
• GRM: 10.1

CMA / ARV

• ARV (median comp): $165,208
• List price: $155,000
• Delta: -6.18%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

3.26% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.3%
• Equity multiple: 1.31×
• Total profit: $13,511
• Equity at exit: $71,960

10-year hold

• IRR: 8.3%
• Equity multiple: 2.29×
• Total profit: $55,880
• Equity at exit: $112,693

Cash invested: $43,400 (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 63863

• Home prices YoY: 2.9%
• Active inventory: 36
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,283 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$59 /mo · $707/yr
• Insurance: −$65
• Flood insurance flood zone: −$192 /mo · $2,309/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $-115

Break-even live

Break-even rent $1,429

Max offer price $134,629

Occupancy floor —

Sensitivity live

Price	-10% $-28	-5% $-71	+0% $-115	+5% $-159	+10% $-203
Rent	-10% $-217	-5% $-166	+0% $-115	+5% $-65	+10% $-14
Rate	-1.0pp $-37	-0.5pp $-76	base $-115	+0.5pp $-155	+1.0pp $-196

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-21
   days on market $155,000 Active 122 DOM
2. 2026-06-21
   days on market $155,000 Active 121 DOM
3. 2026-06-18
   days on market $155,000 Active 119 DOM
4. 2026-06-17
   days on market $155,000 Active 118 DOM
5. 2026-06-16
   days on market $155,000 Active 117 DOM
6. 2026-06-16
   price $155,000 Active 116 DOM
7. 2026-06-15
   days on market $160,000 Active 116 DOM
8. 2026-06-13
   days on market $160,000 Active 114 DOM
9. 2026-06-12
   days on market $160,000 Active 113 DOM
10. 2026-06-09
    days on market $160,000 Active 110 DOM
11. 2026-06-08
    days on market $160,000 Active 109 DOM
12. 2026-06-07
    days on market $160,000 Active 108 DOM
13. 2026-06-07
    days on market $160,000 Active 107 DOM
14. 2026-06-04
    days on market $160,000 Active 104 DOM
15. 2026-06-02
    days on market $160,000 Active 103 DOM
16. 2026-06-01
    days on market $160,000 Active 102 DOM
17. 2026-05-31
    days on market $160,000 Active 101 DOM
18. 2026-05-11
    price $160,000 990-char remark

    Show marketing remark (990 chars)

    Welcome to 22479 S. Dorothy Drive in Malden, Missouri - a beautifully renovated property that offers versatility, space, and modern comfort. Spanning nearly 2,500 square feet, this home features a 3-bedroom, 2-bathroom main living area that has been thoughtfully updated with a brand-new kitchen, new flooring throughout, and completely remodeled bathrooms. Attached to the main home is a spacious mother-in-law suite, complete with its own full kitchen, full bathroom, and a large studio-style layout. The suite includes multiple ingress and egress doors and is separated from the main home by elegant French doors, allowing the entire residence to function either as a single-family home or be easily converted into a duplex apartment. Sitting on a generous corner lot, the property also offers a large backyard deck, perfect for outdoor gatherings or relaxing evenings. This unique listing combines practical living with investment potential, all within a desirable neighborhood setting.

19. 2026-04-23
    price $165,000 990-char remark

    Show marketing remark (990 chars)

    Welcome to 22479 S. Dorothy Drive in Malden, Missouri - a beautifully renovated property that offers versatility, space, and modern comfort. Spanning nearly 2,500 square feet, this home features a 3-bedroom, 2-bathroom main living area that has been thoughtfully updated with a brand-new kitchen, new flooring throughout, and completely remodeled bathrooms. Attached to the main home is a spacious mother-in-law suite, complete with its own full kitchen, full bathroom, and a large studio-style layout. The suite includes multiple ingress and egress doors and is separated from the main home by elegant French doors, allowing the entire residence to function either as a single-family home or be easily converted into a duplex apartment. Sitting on a generous corner lot, the property also offers a large backyard deck, perfect for outdoor gatherings or relaxing evenings. This unique listing combines practical living with investment potential, all within a desirable neighborhood setting.

20. 2026-04-02
    price $170,000 990-char remark

    Show marketing remark (990 chars)

    Welcome to 22479 S. Dorothy Drive in Malden, Missouri - a beautifully renovated property that offers versatility, space, and modern comfort. Spanning nearly 2,500 square feet, this home features a 3-bedroom, 2-bathroom main living area that has been thoughtfully updated with a brand-new kitchen, new flooring throughout, and completely remodeled bathrooms. Attached to the main home is a spacious mother-in-law suite, complete with its own full kitchen, full bathroom, and a large studio-style layout. The suite includes multiple ingress and egress doors and is separated from the main home by elegant French doors, allowing the entire residence to function either as a single-family home or be easily converted into a duplex apartment. Sitting on a generous corner lot, the property also offers a large backyard deck, perfect for outdoor gatherings or relaxing evenings. This unique listing combines practical living with investment potential, all within a desirable neighborhood setting.

21. 2026-02-19
    listed $180,000 Active 990-char remark

    Show marketing remark (990 chars)

    Welcome to 22479 S. Dorothy Drive in Malden, Missouri - a beautifully renovated property that offers versatility, space, and modern comfort. Spanning nearly 2,500 square feet, this home features a 3-bedroom, 2-bathroom main living area that has been thoughtfully updated with a brand-new kitchen, new flooring throughout, and completely remodeled bathrooms. Attached to the main home is a spacious mother-in-law suite, complete with its own full kitchen, full bathroom, and a large studio-style layout. The suite includes multiple ingress and egress doors and is separated from the main home by elegant French doors, allowing the entire residence to function either as a single-family home or be easily converted into a duplex apartment. Sitting on a generous corner lot, the property also offers a large backyard deck, perfect for outdoor gatherings or relaxing evenings. This unique listing combines practical living with investment potential, all within a desirable neighborhood setting.

22. 2026-02-19
    historical $180,000 990-char remark

    Show marketing remark (990 chars)

    Welcome to 22479 S. Dorothy Drive in Malden, Missouri - a beautifully renovated property that offers versatility, space, and modern comfort. Spanning nearly 2,500 square feet, this home features a 3-bedroom, 2-bathroom main living area that has been thoughtfully updated with a brand-new kitchen, new flooring throughout, and completely remodeled bathrooms. Attached to the main home is a spacious mother-in-law suite, complete with its own full kitchen, full bathroom, and a large studio-style layout. The suite includes multiple ingress and egress doors and is separated from the main home by elegant French doors, allowing the entire residence to function either as a single-family home or be easily converted into a duplex apartment. Sitting on a generous corner lot, the property also offers a large backyard deck, perfect for outdoor gatherings or relaxing evenings. This unique listing combines practical living with investment potential, all within a desirable neighborhood setting.

23. 2025-12-05
    price $180,000
24. 2025-11-10
    price $190,000
25. 2025-10-23
    price $199,900
26. 2025-09-10
    price $205,000
27. 2025-08-05
    price $215,000
28. 2025-06-25
    listed $225,000 Active
29. 2005-03-28
    soldstatus
30. 1997-12-16
    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: $707 · $59/mo
• Projected year-2 tax: $1,504 · $125/mo
• Expected delta: +$797/yr (+$66/mo · 112.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone AH · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,394
• − Mortgage interest: −$8,682
• − Property taxes: −$707
• − Insurance: −$3,084
• − Repairs & maintenance: −$1,231
• − Management: −$1,231
• − Depreciation: −$4,509
• Taxable loss: −$4,052
• Est. tax savings @ 24.0%: +$972
• After-tax cash flow: $-411/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: Malden R-I
• NCES district ID: 2919890
• Math proficiency: 19% ▼ -13.00%
• Reading proficiency: 31% ▼ -3.00%
• Median HH income: $29,537
• Composite: 20.06/100
• National rank: #8656
• State rank: #294 of 324 in MO

Livability — Malden

• Score: 59/100
• State rank: #572
• US rank: #20610

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 5,348
• Population (ZIP): 5,348

Population outlook (Dunklin County) Hauer SSP2

• Today (2025): 28,599 people
• By 2030: 27,230 · -4.8%
• By 2040: 24,696 · -13.6%
• By 2050: 22,402 · -21.7%
• By 2075: 17,776 · -37.8%
• By 2100: 13,890 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 11% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Italian 3% Slovak 2% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Dunklin

• 2024 margin: Solid R (+61.8) · D 18.8% · R 80.5%
• 2008→2024 swing: -40.5pp toward R · 2008: -21.3pp · 2024: -61.8pp
• All cycles: 2024: R+61.8 2020: R+57.0 2016: R+53.6 2012: R+30.2 2008: R+21.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.26%
• Current HPI: 116.067
• 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

-28.9% since first listed

13 events — show timeline

• 2026-05-11 Price Changed $160,000 MARIS as Distributed by MLS Grid
• 2026-04-23 Price Changed $165,000 MARIS as Distributed by MLS Grid
• 2026-04-02 Price Changed $170,000 MARIS as Distributed by MLS Grid
• 2026-02-19 Listed $180,000 MARIS as Distributed by MLS Grid
• 2026-02-19 Coming Soon $180,000 MARIS as Distributed by MLS Grid
• 2025-12-05 Price Changed $180,000 MARIS as Distributed by MLS Grid
• 2025-11-10 Price Changed $190,000 MARIS as Distributed by MLS Grid
• 2025-10-23 Price Changed $199,900 MARIS as Distributed by MLS Grid
• 2025-09-10 Price Changed $205,000 MARIS as Distributed by MLS Grid
• 2025-08-05 Price Changed $215,000 MARIS as Distributed by MLS Grid
• 2025-06-25 Listed $225,000 MARIS as Distributed by MLS Grid
• 2005-03-28 Sold (Public Records) — Public Records
• 1997-12-16 Sold (Public Records) — Public Records

Property tax history

+2.0%/yr

Latest (2025): $707 · +2.5% YoY. Source: county tax records.