3407 Norton Ave · Kansas City, MO 64128

$112,500

3 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 21 Days on market

Built 1953 0.25 ac lot Est $93k · 21% over

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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 +28.6/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +6.7/10.0
• 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

Bank Owner Ranch Home with 3 bedrooms, 1 bath, and attached 1 car garage. Nice sized fenced back yard. This home is a FIXER-UPPER and needs a lot work. GREAT opportunity for investors or for some sweat equity. Priced to sell and is under current appraisal. REO Property selling AS IS with no seller disclosures, implied or written representations, and no warranties or guarantees. Proof of funds requred with all offers. Hurry, won't last long. Make offer!!

Key facts

• 0.25 acre lot
• Garage
• Built 1953

Property features AI

Finance

• Other: Living area reported as 1,056; Above-grade finished area per public records

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single family residence; Residential property; Ranch single-story
• Construction: Board & batten siding and vinyl siding; Composition roof; Built approximately 51–75 years ago
• Exterior features: Lot approximately 10,976 square feet

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Electric cooling (has cooling)
• Interior features: Ranch-style floor plan; Eat-in kitchen; Crawl space basement
• Laundry & utility: Laundry located in bathroom

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $112k.

Deal economics

• At list price, monthly cash flow is $370 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $112k).
• Recommended offer: $111k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.2% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 44% 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 ($778 loan paydown + $11k 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 ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y ago; this cycle's ask is 63% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,812 (1.5% below list)

Questions for the listing agent

1. Built in 1953 — 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. 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?
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: 1.17% ✓
• Cap rate: 10.24%
• Cash-on-cash: 14.09%
• DSCR: 1.63
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $92,928
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3316 Cypress Ave	0.24mi	3/1.0	1,100 (+4%)	3mo	$90,000	$82	79
3304 Askew Ave	0.37mi	3/1.0	1,066 (+1%)	3mo	$45,000	$42	79
4015 E Linwood Blvd	0.26mi	2/1.0 (-1)	1,036 (-2%)	4mo	$79,000	$76	76
3306 Spruce Ave	0.16mi	3/1.5	1,156 (+10%)	5mo	$79,900	$69	71
3536 College Ave	0.55mi	3/1.0	1,086 (+3%)	6mo	$96,000	$88	64
2830 Cypress Ave	0.73mi	3/1.0	1,043 (-1%)	0mo	$29,900	$29	63
3711 Bellefontaine Ave	0.73mi	3/1.0	1,007 (-5%)	4mo	$120,000	$119	55
3118 Kensington Ave	0.39mi	2/1.0 (-1)	912 (-14%)	8mo	$107,000	$117	47
3920 Spruce Ave	0.67mi	2/1.0 (-1)	968 (-8%)	4mo	$105,000	$108	47
3031 Askew Ave	0.55mi	2/1.0 (-1)	928 (-12%)	3mo	$40,000	$43	47
3640 Cleveland Ave	0.38mi	2/2.0 (-1)	900 (-15%)	4mo	$105,000	$117	45
3025 Walrond Ave	0.73mi	3/2.0	1,172 (+11%)	4mo	$216,500	$185	40

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: 35.4%
• Equity multiple: 3.76×
• Total profit: $86,999
• Equity at exit: $101,349

10-year hold

• IRR: 31.0%
• Equity multiple: 8.70×
• Total profit: $242,406
• Equity at exit: $218,563

Cash invested: $31,500 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,316 high
• Mortgage (P&I): −$590
• Tax from tax record: −$33 /mo · $400/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $370

Break-even live

Break-even rent $848

Max offer price $112,500

Occupancy floor 67%

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: $28,125
• Closing costs: $3,375
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3437 Jackson Ave Kansas City, MO	2.0	1.0	700	$1,150	$1.64	16d	1	0.09mi
3332 Norton Ave Kansas City, MO	3.0	1.0	1272	$1,350	$1.06	43d	1	0.10mi
3414 Elmwood Ave Kansas City, MO	4.0	1.0	1109	$1,300	$1.17	16d	1	0.30mi
3305 Askew Ave Kansas City, MO	3.0	1.5	1428	$1,450	$1.02	23d	1	0.34mi
3713 Cleveland Ave Kansas City, MO	4.0	1.0	1256	$1,250	$1.00	16d	1	0.39mi
3736 Cypress Ave Kansas City, MO	3.0	1.0	1100	$1,200	$1.09	7d	1	0.47mi
3310 College Ave Kansas City, MO	3.0	1.0	874	$995	$1.14	43d	1	0.53mi
3739 Bales Ave Kansas City, MO	3.0	2.0	1400	$1,575	$1.12	23d	1	0.55mi
3118 Chelsea Ave Kansas City, MO	2.0	1.0	864	$980	$1.13	43d	1	0.56mi
3032 Elmwood Ave Kansas City, MO	3.0	1.0	1027	$1,275	$1.24	7d	1	0.57mi
3524 Bellefontaine Ave Kansas City, MO	3.0	1.0	1228	$1,350	$1.10	43d	1	0.64mi
3818 Indiana Ave Kansas City, MO	3.0	1.5	1223	$1,147	$0.94	43d	1	0.66mi
3346 Agnes Ave Kansas City, MO	3.0	1.0	1400	$1,200	$0.86	7d	1	0.70mi
4902 E 39th St Kansas City, MO	2.0	1.0	820	$1,300	$1.59	16d	1	0.70mi
3330 Agnes Ave Kansas City, MO	3.0	1.0	1000	$1,410	$1.41	43d	1	0.70mi
3304 Agnes Ave Unit Downstairs Kansas City, MO	3.0	1.0	1150	$1,095	$0.95	43d	1	0.71mi
3630 Agnes Ave Kansas City, MO	3.0	2.0	1448	$1,500	$1.04	10d	1	0.74mi
4028 Myrtle Ave Kansas City, MO	3.0	1.0	1100	$1,490	$1.35	43d	1	0.77mi
3220 E 30th St Unit 1A Kansas City, MO	2.0	1.0	1214	$950	$0.78	43d	1	0.77mi
3243 Denver Dr Kansas City, MO	1.0–3.0	1.0	862	$1,226	$1.42	43d	1	0.78mi
4005 Bales Ave Kansas City, MO	2.0	1.0	792	$1,050	$1.33	43d	1	0.79mi
3840 Bellefontaine Ave Kansas City, MO	3.0	1.0	1500	$1,500	$1.00	16d	1	0.83mi
3817 S Benton Ave Kansas City, MO	4.0	1.5	1380	$1,650	$1.20	23d	1	0.87mi
5108 E 30th St Kansas City, MO	3.0	1.0	960	$1,400	$1.46	3d	1	0.87mi
4216 Cleveland Ave Kansas City, MO	2.0	1.0	780	$1,125	$1.44	16d	1	0.99mi
2637 E 29th St Unit 3 Kansas City, MO	2.0	1.0	954	$1,050	$1.10	43d	1	1.03mi
3710 Wabash Ave Unit 2S Kansas City, MO	2.0	1.0	875	$850	$0.97	23d	1	1.04mi
4144 College Ave Kansas City, MO	3.0	1.0	1108	$1,095	$0.99	23d	1	1.05mi
4900 E 41st Ter Kansas City, MO	3.0	2.0	1270	$1,500	$1.18	16d	1	1.06mi
4116 Bellefontaine Ave Kansas City, MO	3.0	1.0	1234	$1,000	$0.81	23d	1	1.06mi
2855 Van Brunt Blvd Unit A Kansas City, MO	2.0	1.0	744	$1,080	$1.45	43d	1	1.08mi
3233 Park Ave Unit 1 Kansas City, MO	2.0	1.0	950	$1,075	$1.13	43d	1	1.11mi
3233 Park Ave Unit 2 Kansas City, MO	2.0	1.0	950	$1,000	$1.05	23d	1	1.11mi
3911 Oakley Ave Kansas City, MO	2.0	1.0	816	$1,195	$1.46	12d	1	1.11mi
4206 Vineyard Rd Kansas City, MO	4.0	1.5	1056	$1,500	$1.42	14d	1	1.13mi
3902 Wabash Ave Kansas City, MO	4.0	2.0	1400	$1,850	$1.32	43d	1	1.15mi
5601 E 39th Ter Kansas City, MO	3.0	1.0	816	$1,225	$1.50	3d	1	1.16mi
3841 Olive St Kansas City, MO	2.0	1.0	792	$985	$1.24	14d	1	1.16mi
2701 Benton Blvd Unit 2705-3 Kansas City, MO	2.0	1.0	800	$1,200	$1.50	7d	1	1.17mi
2701 Benton Blvd Unit 2703-2 Kansas City, MO	2.0	1.0	800	$1,200	$1.50	2d	1	1.17mi

Listing history 27 events

1. 2026-06-18
   days on market $112,500 Active 21 DOM
2. 2026-06-17
   days on market $112,500 Active 20 DOM
3. 2026-06-16
   days on market $112,500 Active 19 DOM
4. 2026-06-15
   days on market $112,500 Active 18 DOM
5. 2026-06-13
   days on market $112,500 Active 16 DOM
6. 2026-06-09
   days on market $112,500 Active 12 DOM
7. 2026-06-08
   days on market $112,500 Active 11 DOM
8. 2026-06-07
   days on market $112,500 Active 10 DOM
9. 2026-06-05
   days on market $112,500 Active 7 DOM
10. 2026-06-03
    days on market $112,500 Active 6 DOM
11. 2026-06-02
    days on market $112,500 Active 5 DOM
12. 2026-06-01
    days on market $112,500 Active 4 DOM
13. 2026-05-31
    days on market $112,500 Active 3 DOM
14. 2026-05-25
    historical $112,500
15. 2022-12-20
    soldstatus Closed 458-char remark

    Show marketing remark (458 chars)

    Bank Owner Ranch Home with 3 bedrooms, 1 bath, and attached 1 car garage. Nice sized fenced back yard. This home is a FIXER-UPPER and needs a lot work. GREAT opportunity for investors or for some sweat equity. Priced to sell and is under current appraisal. REO Property selling AS IS with no seller disclosures, implied or written representations, and no warranties or guarantees. Proof of funds requred with all offers. Hurry, won't last long. Make offer!!

16. 2022-12-06
    historical Active Under Contract 458-char remark

    Show marketing remark (458 chars)

    Bank Owner Ranch Home with 3 bedrooms, 1 bath, and attached 1 car garage. Nice sized fenced back yard. This home is a FIXER-UPPER and needs a lot work. GREAT opportunity for investors or for some sweat equity. Priced to sell and is under current appraisal. REO Property selling AS IS with no seller disclosures, implied or written representations, and no warranties or guarantees. Proof of funds requred with all offers. Hurry, won't last long. Make offer!!

17. 2022-11-07
    listed $69,000 Active 458-char remark

    Show marketing remark (458 chars)

    Bank Owner Ranch Home with 3 bedrooms, 1 bath, and attached 1 car garage. Nice sized fenced back yard. This home is a FIXER-UPPER and needs a lot work. GREAT opportunity for investors or for some sweat equity. Priced to sell and is under current appraisal. REO Property selling AS IS with no seller disclosures, implied or written representations, and no warranties or guarantees. Proof of funds requred with all offers. Hurry, won't last long. Make offer!!

18. 2021-08-16
    soldstatus
19. 2021-08-13
    soldstatus Closed 52-char remark

    Show marketing remark (52 chars)

    Nice 3 bedroom, one bath home. Ranch one car garage.

20. 2021-07-15
    status Pending 52-char remark

    Show marketing remark (52 chars)

    Nice 3 bedroom, one bath home. Ranch one car garage.

21. 2021-06-11
    status Active 52-char remark

    Show marketing remark (52 chars)

    Nice 3 bedroom, one bath home. Ranch one car garage.

22. 2021-06-02
    status Pending 52-char remark

    Show marketing remark (52 chars)

    Nice 3 bedroom, one bath home. Ranch one car garage.

23. 2021-05-25
    listed $79,900 Active 52-char remark

    Show marketing remark (52 chars)

    Nice 3 bedroom, one bath home. Ranch one car garage.

24. 2008-03-25
    listed $14,900
25. 2007-03-30
    soldstatus
26. 2006-07-10
    soldstatus
27. 1990-01-29
    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: $400 · $33/mo
• Projected year-2 tax: $1,091 · $91/mo
• Expected delta: +$691/yr (+$58/mo · 172.6%)

ⓘ 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 4/10 Moderate 7 d/yr ≥107°F today · 16 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: $15,798
• − Mortgage interest: −$6,302
• − Property taxes: −$400
• − Insurance: −$562
• − Repairs & maintenance: −$1,264
• − Management: −$1,264
• − Depreciation: −$3,273
• Taxable income: $2,733
• Est. tax owed @ 24.0%: −$656
• After-tax cash flow: $3,782/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

+655.0% since first listed

14 events — show timeline

• 2026-05-25 Coming Soon $112,500 Heartland MLS as Distributed by MLS Grid
• 2022-12-20 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2022-12-06 Contingent — Heartland MLS as Distributed by MLS Grid
• 2022-11-07 Listed $69,000 Heartland MLS as Distributed by MLS Grid
• 2021-08-16 Sold (Public Records) — Public Records
• 2021-08-13 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2021-07-15 Pending — Heartland MLS as Distributed by MLS Grid
• 2021-06-11 Relisted — Heartland MLS as Distributed by MLS Grid
• 2021-06-02 Pending — Heartland MLS as Distributed by MLS Grid
• 2021-05-25 Listed $79,900 Heartland MLS as Distributed by MLS Grid
• 2008-03-25 Listed $14,900 Heartland MLS as Distributed by MLS Grid
• 2007-03-30 Sold (Public Records) — Public Records
• 2006-07-10 Sold (Public Records) — Public Records
• 1990-01-29 Sold (Public Records) — Public Records

Property tax history

+1.4%/yr

Latest (2025): $400 · -44.4% YoY. Source: county tax records.