213 W Marvin Ave · Walker, MO 64790

$87,500

3 bd · 2.0 ba · 1,232 sqft · Manufactured public records · 6 Days on market

Built 1990 1.01 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 +29.3/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Appreciation +5.4/10.0
• Schools +2.6/10.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Situated on a nearly one-acre corner lot in Walker, Missouri, this 3-bedroom, 2-bathroom manufactured home offers spacious living both inside and out. Fresh white interior paint and an open floor plan create a bright, welcoming feel throughout the home. The large living and dining areas flow seamlessly into the kitchen, providing plenty of space for everyday living and entertaining. The kitchen offers abundant cabinet and countertop space, while numerous windows throughout the home fill the interior with natural light. The layout is designed for comfortable living, with generous room sizes and functional living spaces. Outside, you'll find mature shade trees, a covered front porch, detached

Key facts

• 1.01 acre lot
• Garage
• Built 1990

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water
• Home design: Single family residence (residential); Mobile/manufactured home
• Construction: Vinyl siding; Metal roof; Approximately 21-30 years old; Crawl space foundation
• Exterior features: Located inside city limits; Corner lot; Not in a flood plain

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Electric cooling (has central cooling)
• Interior features: Mud room; Crawl space basement
• Laundry & utility: Laundry located off the kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $88k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $88k).

Location & tenants

• Location reads 51/100 on livability (#896 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools F, amenities F, commute F.
• Northeast Vernon County R-I (rural): math 20% / reading 35% proficiency, ranked #485 of 535 in MO (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 12 active listings in the ZIP; 57 units permitted in Vernon County in 2024 (38 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($605 loan paydown + $622 appreciation (0.7% local appreciation)).
• Vernon County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (0.7% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,500

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.19% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.08%
• DSCR: 1.67
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.71% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.3%
• Equity multiple: 1.82×
• Total profit: $19,970
• Equity at exit: $28,561

10-year hold

• IRR: 19.9%
• Equity multiple: 3.34×
• Total profit: $57,410
• Equity at exit: $36,962

Cash invested: $24,500 (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 64790

• Home prices YoY: 0.6%
• Active inventory: 12
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,044 medium
• Mortgage (P&I): −$459
• Tax from tax record: −$22 /mo · $262/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $308

Break-even live

Break-even rent $655

Max offer price $87,500

Occupancy floor 66%

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: $21,875
• Closing costs: $2,625
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-17
   status $87,500 Pending 6 DOM
2. 2026-06-16
   days on market $87,500 Active 6 DOM
3. 2026-06-15
   days on market $87,500 Active 5 DOM
4. 2026-06-13
   days on market $87,500 Active 3 DOM
5. 2026-06-12
   statusdays on market $87,500 Active 2 DOM
6. 2026-06-09
   remarks 699-char remark
7. 2026-06-09
   listed $87,500 Coming Soon 1 DOM

ⓘ 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: $262 · $22/mo
• Projected year-2 tax: $849 · $71/mo
• Expected delta: +$587/yr (+$49/mo · 224.3%)

ⓘ 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 5/10 Major 7 d/yr ≥109°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $12,530
• − Mortgage interest: −$4,901
• − Property taxes: −$262
• − Insurance: −$438
• − Repairs & maintenance: −$1,002
• − Management: −$1,002
• − Depreciation: −$2,545
• Taxable income: $2,379
• Est. tax owed @ 24.0%: −$571
• After-tax cash flow: $3,122/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: Northeast Vernon County R-I
• NCES district ID: 2927600
• Math proficiency: 20% ▼ -5.00%
• Reading proficiency: 35% ▼ -5.00%
• Median HH income: $34,463
• Composite: 25.55/100
• National rank: #12840
• State rank: #485 of 535 in MO

Livability — Walker

• Score: 51/100
• State rank: #896
• US rank: #25465

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walker, MO
• Population (ZIP): 973

Population outlook (Vernon County) Hauer SSP2

• Today (2025): 20,169 people
• By 2030: 19,639 · -2.6%
• By 2040: 18,551 · -8.0%
• By 2050: 17,549 · -13.0%
• By 2075: 15,314 · -24.1%
• By 2100: 13,132 · -34.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Russian 2% Lithuanian 2% Romanian 1%
• Foreign-born: 3%
• Languages at home: 98% English-only · German/W. Germanic 2%

Political lean MEDSL · Vernon

• 2024 margin: Solid R (+59.5) · D 19.8% · R 79.3%
• 2008→2024 swing: -37.5pp toward R · 2008: -22.0pp · 2024: -59.5pp
• All cycles: 2024: R+59.5 2020: R+57.2 2016: R+56.2 2012: R+37.3 2008: R+22.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.71%
• Current HPI: 122.6681
• 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

1 event — show timeline

• 2026-06-08 Coming Soon $87,500 Heartland MLS as Distributed by MLS Grid

Property tax history

+1.0%/yr

Latest (2025): $262 · -2.6% YoY. Source: county tax records.