567 N Lakeshore Dr · Iron Mountain Lake, MO 63624

$49,900

1 bd · 1.0 ba · 400 sqft · Other public records · 26 Days on market

Built 1960 0.45 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.2/5.0
• Schools +2.0/10.0

Listing remarks MLS

Looking for a mini vacation home or primary residence with a lake view? The enclosed front porch gives you perfect views of the lake. A large sunroom off the kitchen is the perfect place to enjoy your meals. The fenced yard and oversized, detached one-car garage are a huge bonus here. There is plenty of space for a garden beyond the fenced yard. A stone built-in BBQ is in the rear. The lake boasts great fishing, and the dam has just been rebuilt. There is a beach for swimming, a pavilion for picnics, and swings for playing—all within steps of this great little house. A few updates to the house will make it shine. The basement has a sump pump that may need repair or replacement. The basement is wet. Fireplace appears to be non-functional. Property is being sold in its current condition. More about Iron Mountain Lake: https://ironmountainlake.com/about/.

Key facts

• Large sunroom
• Fenced yard
• Lake view

Tags

• LAKE VIEW
• ENCLOSED FRONT PORCH
• LARGE SUNROOM
• FENCED YARD
• DETACHED ONE-CAR GARAGE
• SPACE FOR A GARDEN

Property features AI

Finance

• Other: Lot size approximately 0.45 acres
• Financial info: Seller may consider concessions; Lease not considered

Exterior

• Parking: Detached garage; Off-street parking; 1 garage space
• Utilities: Public water; Public sewer; Electricity (220 volts); Propane available; Electricity connected
• Home design: Single family residence; Residential property; Two levels; Fixer condition
• Construction: Frame construction; Combination foundation
• Exterior features: Front porch; Barbecue; Chain link fencing; Located on Iron Mountain waterfront

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: 1 bedroom on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Propane heating; Ceiling fan(s); Wall/window air conditioning units
• Interior features: Partial basement; Front porch; Barbecue; Chain link fencing; Fireplace (1)
• Laundry & utility: Laundry closet on the main level

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $50k.

Deal economics

• At list price, monthly cash flow is $294 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($757 rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 44/100 on livability (#966 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: crime F, amenities F, commute F.
• Bismarck R-V (rural): math 18% / reading 31% proficiency, ranked #292 of 324 in MO (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Bismarck R-V Elem. (math 27% / reading 27%, grade F, #850 of 1,115 statewide, top 78%, 227 students, 94% FRL); Bismarck R-V High (math 12% / reading 32%, grade F, #462 of 521 statewide, top 90%, 277 students, 99% FRL) — zoned schools average 97% FRL vs 58% district-wide (39 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 23 active listings in the ZIP; 134 units permitted in St. Francois County in 2024 (32 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($345 loan paydown + $5k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, 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 26 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $49,151 (1.5% below list)

Questions for the listing agent

1. Built in 1960 — 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 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.52% ✓
• Cap rate: 13.36%
• Cash-on-cash: 25.25%
• DSCR: 2.12
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 43.3%
• Equity multiple: 4.28×
• Total profit: $45,890
• Equity at exit: $44,954

10-year hold

• IRR: 37.4%
• Equity multiple: 9.62×
• Total profit: $120,385
• Equity at exit: $96,945

Cash invested: $13,972 (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 63624

• Home prices YoY: 23.8%
• Active inventory: 23
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $757 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$22 /mo · $259/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$159
• Net cashflow: $294

Break-even live

Break-even rent $385

Max offer price $49,900

Occupancy floor 56%

Sensitivity live

Price	-10% $322	-5% $308	+0% $294	+5% $280	+10% $266
Rent	-10% $234	-5% $264	+0% $294	+5% $324	+10% $354
Rate	-1.0pp $319	-0.5pp $307	base $294	+0.5pp $281	+1.0pp $268

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-21
   days on market $49,900 Active 26 DOM
2. 2026-06-18
   days on market $49,900 Active 24 DOM
3. 2026-06-17
   days on market $49,900 Active 23 DOM
4. 2026-06-16
   days on market $49,900 Active 22 DOM
5. 2026-06-15
   days on market $49,900 Active 21 DOM
6. 2026-06-13
   days on market $49,900 Active 19 DOM
7. 2026-06-12
   days on market $49,900 Active 18 DOM
8. 2026-06-09
   days on market $49,900 Active 15 DOM
9. 2026-06-08
   days on market $49,900 Active 14 DOM
10. 2026-06-07
    days on market $49,900 Active 13 DOM
11. 2026-06-05
    days on market $49,900 Active 11 DOM
12. 2026-06-04
    days on market $49,900 Active 9 DOM
13. 2026-06-02
    days on market $49,900 Active 8 DOM
14. 2026-06-01
    days on market $49,900 Active 7 DOM
15. 2026-05-31
    days on market $49,900 Active 6 DOM
16. 2026-05-25
    price $49,900
17. 2026-05-25
    listed $59,900 Active
18. 2026-05-22
    soldstatus Closed 870-char remark

    Show marketing remark (870 chars)

    Looking for a mini vacation home or primary residence with a lake view? The enclosed front porch gives you perfect views of the lake. A large sunroom off the kitchen is the perfect place to enjoy your meals. The fenced yard and oversized, detached one-car garage are a huge bonus here. There is plenty of space for a garden beyond the fenced yard. A stone built-in BBQ is in the rear. The lake boasts great fishing, and the dam has just been rebuilt. There is a beach for swimming, a pavilion for picnics, and swings for playing—all within steps of this great little house. A few updates to the house will make it shine. The basement has a sump pump that may need repair or replacement. The basement is wet. Fireplace appears to be non-functional. Property is being sold in its current condition. More about Iron Mountain Lake: https://ironmountainlake.com/about/.

19. 2026-05-02
    status Pending 870-char remark

    Show marketing remark (870 chars)

    Looking for a mini vacation home or primary residence with a lake view? The enclosed front porch gives you perfect views of the lake. A large sunroom off the kitchen is the perfect place to enjoy your meals. The fenced yard and oversized, detached one-car garage are a huge bonus here. There is plenty of space for a garden beyond the fenced yard. A stone built-in BBQ is in the rear. The lake boasts great fishing, and the dam has just been rebuilt. There is a beach for swimming, a pavilion for picnics, and swings for playing—all within steps of this great little house. A few updates to the house will make it shine. The basement has a sump pump that may need repair or replacement. The basement is wet. Fireplace appears to be non-functional. Property is being sold in its current condition. More about Iron Mountain Lake: https://ironmountainlake.com/about/.

20. 2026-04-22
    price $70,000 870-char remark

    Show marketing remark (870 chars)

    Looking for a mini vacation home or primary residence with a lake view? The enclosed front porch gives you perfect views of the lake. A large sunroom off the kitchen is the perfect place to enjoy your meals. The fenced yard and oversized, detached one-car garage are a huge bonus here. There is plenty of space for a garden beyond the fenced yard. A stone built-in BBQ is in the rear. The lake boasts great fishing, and the dam has just been rebuilt. There is a beach for swimming, a pavilion for picnics, and swings for playing—all within steps of this great little house. A few updates to the house will make it shine. The basement has a sump pump that may need repair or replacement. The basement is wet. Fireplace appears to be non-functional. Property is being sold in its current condition. More about Iron Mountain Lake: https://ironmountainlake.com/about/.

21. 2026-03-31
    price $80,000 870-char remark

    Show marketing remark (870 chars)

    Looking for a mini vacation home or primary residence with a lake view? The enclosed front porch gives you perfect views of the lake. A large sunroom off the kitchen is the perfect place to enjoy your meals. The fenced yard and oversized, detached one-car garage are a huge bonus here. There is plenty of space for a garden beyond the fenced yard. A stone built-in BBQ is in the rear. The lake boasts great fishing, and the dam has just been rebuilt. There is a beach for swimming, a pavilion for picnics, and swings for playing—all within steps of this great little house. A few updates to the house will make it shine. The basement has a sump pump that may need repair or replacement. The basement is wet. Fireplace appears to be non-functional. Property is being sold in its current condition. More about Iron Mountain Lake: https://ironmountainlake.com/about/.

22. 2026-03-12
    listed $100,000 Active 870-char remark

    Show marketing remark (870 chars)

    Looking for a mini vacation home or primary residence with a lake view? The enclosed front porch gives you perfect views of the lake. A large sunroom off the kitchen is the perfect place to enjoy your meals. The fenced yard and oversized, detached one-car garage are a huge bonus here. There is plenty of space for a garden beyond the fenced yard. A stone built-in BBQ is in the rear. The lake boasts great fishing, and the dam has just been rebuilt. There is a beach for swimming, a pavilion for picnics, and swings for playing—all within steps of this great little house. A few updates to the house will make it shine. The basement has a sump pump that may need repair or replacement. The basement is wet. Fireplace appears to be non-functional. Property is being sold in its current condition. More about Iron Mountain Lake: https://ironmountainlake.com/about/.

23. 2023-09-26
    soldstatus
24. 2018-08-09
    price $35,000
25. 2018-07-17
    price $40,000
26. 2018-07-05
    price $42,700

ⓘ 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: $259 · $22/mo
• Projected year-2 tax: $484 · $40/mo
• Expected delta: +$225/yr (+$19/mo · 86.8%)

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,085
• − Mortgage interest: −$2,795
• − Property taxes: −$259
• − Insurance: −$250
• − Repairs & maintenance: −$727
• − Management: −$727
• − Depreciation: −$1,452
• Taxable income: $2,876
• Est. tax owed @ 24.0%: −$690
• After-tax cash flow: $2,838/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: Bismarck R-V
• NCES district ID: 2905130
• Math proficiency: 18% ▼ -14.00%
• Reading proficiency: 31% ▼ -6.00%
• Median HH income: $37,135
• Composite: 20.36/100
• National rank: #8602
• State rank: #292 of 324 in MO

Livability — Iron Mountain Lake

• Score: 44/100
• State rank: #966
• US rank: #26705

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Iron Mountain Lake, MO
• Population (ZIP): 3,507

Population outlook (St. Francois County) Hauer SSP2

• Today (2025): 68,683 people
• By 2030: 69,574 · +1.3%
• By 2040: 70,665 · +2.9%
• By 2050: 70,708 · +2.9%
• By 2075: 67,917 · -1.1%
• By 2100: 56,563 · -17.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Native American 3% Hispanic / Latino 2%
• Common ancestry: Slovak 5% Lithuanian 4% Italian 2%
• Foreign-born: 2% · Canada, Jamaica
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · St. Francois

• 2024 margin: Solid R (+51.4) · D 23.8% · R 75.2%
• 2008→2024 swing: -46.8pp toward R · 2008: -4.6pp · 2024: -51.4pp
• All cycles: 2024: R+51.4 2020: R+48.1 2016: R+45.4 2012: R+19.5 2008: R+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 61.65%
• Current HPI: 320.8335
• 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

+16.9% since first listed

11 events — show timeline

• 2026-05-25 Price Changed $49,900 MARIS as Distributed by MLS Grid
• 2026-05-25 Listed $59,900 MARIS as Distributed by MLS Grid
• 2026-05-22 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2026-05-02 Pending — MARIS as Distributed by MLS Grid
• 2026-04-22 Price Changed $70,000 MARIS as Distributed by MLS Grid
• 2026-03-31 Price Changed $80,000 MARIS as Distributed by MLS Grid
• 2026-03-12 Listed $100,000 MARIS as Distributed by MLS Grid
• 2023-09-26 Sold (Public Records) — Public Records
• 2018-08-09 Price Changed $35,000 MARIS as Distributed by MLS Grid
• 2018-07-17 Price Changed $40,000 MARIS as Distributed by MLS Grid
• 2018-07-05 Price Changed $42,700 MARIS as Distributed by MLS Grid

Property tax history

-0.9%/yr

Latest (2025): $259 · +10.1% YoY. Source: county tax records.