2160 Princeton St · Joplin, MO 64801

$139,000

3 bd · 1.0 ba · 1,427 sqft · Other public records · 3 Days on market

Built 1954 0.26 ac lot

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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 +24.3/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Corner lot location with this super cute 2 bedroom, 1 bath ranch style home with ''bonus room'' currently used as 3rd bedroom. Bonus room has no closet but could easily be added! Gleaming original hardwoods in many areas of the home! Spacious dining room! Wonderful floorplan with large living room. Beautiful kitchen with access to back patio. Updated windows. Chain link fenced back yard with 2 storage sheds! Schedule your tour today!

Key facts

• Original hardwoods
• Spacious dining room
• Bonus room

Tags

• CORNER LOT LOCATION
• BONUS ROOM
• ORIGINAL HARDWOODS
• SPACIOUS DINING ROOM
• LARGE LIVING ROOM
• ACCESS TO BACK PATIO

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public sewer
• Home design: Single-family residence (freestanding)
• Construction: Vinyl siding; Block foundation; Shingle roof; Built as a residential single-family home
• Exterior features: Covered patio and porch; Front porch; Corner lot; Level lot; Chain link fencing

Interior

• Kitchen: Electric range; Dishwasher; Garbage disposal
• Flooring: Laminate; Vinyl; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating; Ceiling fans for cooling; Window air conditioning units
• Interior features: Ceiling fans
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $139k.

Deal economics

• At list price, monthly cash flow is $280 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $139k).
• Cap rate 8.7% vs local median 5.1% in Joplin — 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 64/100 on livability (#318 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Joplin Schools (urban): math 30% / reading 39% proficiency, ranked #231 of 324 in MO (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Royal Heights Elem. (math 27% / reading 37%, grade F, #761 of 1,115 statewide, top 72%, 244 students, 65% FRL); North Middle (math 26% / reading 35%, grade F, #283 of 391 statewide, top 74%, 517 students, 65% FRL).
• Market conditions: Rents rising (+3.0%/yr); 371 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 602 units permitted in Jasper County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,000

Questions for the listing agent

1. Built in 1954 — 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 D-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: 1.03% ✓
• Cap rate: 8.71%
• Cash-on-cash: 8.62%
• DSCR: 1.38
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.95% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.88×
• Total profit: $-4,837
• Equity at exit: $20,725

10-year hold

• IRR: 6.3%
• Equity multiple: 1.47×
• Total profit: $18,227
• Equity at exit: $12,018

Cash invested: $38,920 (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 64801

• Rents YoY: 3.0%
• Active inventory: 371
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,426 high
• Mortgage (P&I): −$729
• Tax from tax record: −$60 /mo · $726/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $280

Break-even live

Break-even rent $1,073

Max offer price $139,000

Occupancy floor 75%

Sensitivity live

Price	-10% $358	-5% $319	+0% $280	+5% $240	+10% $201
Rent	-10% $167	-5% $223	+0% $280	+5% $336	+10% $392
Rate	-1.0pp $350	-0.5pp $315	base $280	+0.5pp $244	+1.0pp $207

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1880 E Kensington St Joplin, MO	3.0	2.0	1036	$1,400	$1.35	21d	1	0.32mi
2813 Waters Edge Blvd Joplin, MO	3.0	2.0	1751	$2,400	$1.37	21d	1	0.46mi
120 S Brownell Ave Joplin, MO	3.0	1.0	1092	$900	$0.82	21d	1	1.01mi
3430 Newman Rd Apt 105 Joplin, MO	2.0	2.0	943	$875	$0.93	21d	1	1.10mi
220 S Florida Ave Joplin, MO	3.0	2.0	1180	$1,400	$1.19	21d	1	1.11mi
3440 Newman Rd Unit 305 Joplin, MO	2.0	2.0	943	$875	$0.93	21d	1	1.14mi
3502 Newman Rd Joplin, MO	1.0–3.0	1.0–2.0	850	$975	$1.15	21d	1	1.16mi
1013 Broadway St Joplin, MO	3.0	1.0	917	$995	$1.09	21d	1	1.18mi
1012 Central St Joplin, MO	3.0	2.0	1100	$1,395	$1.27	21d	1	1.24mi
211 S Galena Ave Joplin, MO	3.0	2.0	1200	$1,550	$1.29	21d	1	1.43mi

Listing history 4 events

1. 2026-06-07
   statusdays on market $139,000 Pending 3 DOM
2. 2026-06-05
   days on market $139,000 Active 2 DOM
3. 2026-06-03
   remarks 437-char remark
4. 2026-06-03
   listed $139,000 Active 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: $726 · $60/mo
• Projected year-2 tax: $1,348 · $112/mo
• Expected delta: +$623/yr (+$52/mo · 85.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $17,117
• − Mortgage interest: −$7,786
• − Property taxes: −$726
• − Insurance: −$695
• − Repairs & maintenance: −$1,369
• − Management: −$1,369
• − Depreciation: −$4,044
• Taxable income: $1,128
• Est. tax owed @ 24.0%: −$271
• After-tax cash flow: $3,084/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: Joplin Schools
• NCES district ID: 2916350
• Math proficiency: 30% ▼ -3.00%
• Reading proficiency: 39% ▼ -3.00%
• Median HH income: $38,648
• Composite: 28.82/100
• National rank: #6657
• State rank: #231 of 324 in MO

Livability — Joplin

• Score: 64/100
• State rank: #318
• US rank: #14578

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Joplin, MO
• County: Jasper County · 79,035 people
• City population: 73,303
• Metro: Joplin, MO
• Population (ZIP): 36,287
• Household income: $52,620
• Rent vs Own: 46.7% rent · 53.3% own
• Severe rent burden: 1710.0

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 120,033 people
• By 2030: 120,091 · +0.0%
• By 2040: 119,297 · -0.6%
• By 2050: 117,705 · -1.9%
• By 2075: 110,402 · -8.0%
• By 2100: 99,719 · -16.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 6% Black 3% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Jasper

• 2024 margin: Solid R (+46.8) · D 25.9% · R 72.7% · Other 1.4%
• 2008→2024 swing: -13.6pp toward R · 2008: -33.2pp · 2024: -46.8pp
• All cycles: 2024: R+46.8 2020: R+46.2 2016: R+50.8 2012: R+41.0 2008: R+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -174.15%
• Current HPI: 248.5056
• Rent YoY: ▲ 2.95%
• Metro: Joplin, MO
• 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

+0.0% since first listed

4 events — show timeline

• 2026-06-02 Listed $139,000 SOMO
• 2026-06-02 Listed $139,000 OGAR
• 2013-03-05 Sold (Public Records) — Public Records
• 1988-11-29 Sold (Public Records) — Public Records

Property tax history

+3.0%/yr

Latest (2025): $726 · +23.8% YoY. Source: county tax records.