1334 Lakeview Dr N · Lake Lafayette, MO 64076

$190,000

3 bd · 2.0 ba · 1,236 sqft · SingleFamily public records · 88 Days on market

Built 1979 7,667 sqft lot $154/sqft · 25% above area Est $239k · 21% under $10/mo HOA · 1% of rent

---

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 +16.1/30.0
• ARV discount +15.0/15.0
• DSCR +5.0/10.0
• 1% rule +3.6/10.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BEST lot on the lake! Wake up every day to breathtaking lake views and end your evenings with unforgettable sunsets over the dam—this lakefront property truly offers one of the best lots on the lake. This 3-bedroom, 2-bath ranch home with a single-car garage is full of opportunity and ready for your personal touch. A true fixer-upper, it’s the perfect canvas to create your dream lake home or a relaxing weekend getaway. Inside, you’ll find a spacious layout, plus a cozy stone fireplace in the basement—ideal for gathering after a day on the water. Step outside and enjoy the unique convenience of a rear-entry garage that backs directly onto your private boat ramp, making lake access effortless. Whether you’re fishing at sunrise, boating all afternoon, or simply soaking in the peaceful surroundings, this property offers the ultimate private retreat. With unbeatable views from both decks, prime lake frontage, and endless potential, this is your chance to transform a rare find into something truly special.

Key facts

• Lakefront property
• Cozy stone fireplace
• Lake views

Tags

• LAKE VIEWS
• LAKEFRONT PROPERTY
• COZY STONE FIREPLACE
• REAR-ENTRY GARAGE
• PRIVATE BOAT RAMP
• PRIME LAKE FRONTAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $96 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (13.6% below list).
• Recommended offer: $164k (13.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 50/100 on livability (#907 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Odessa R-VII (town): math 34% / reading 48% proficiency, ranked #123 of 324 in MO (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 146 active listings in the ZIP; 112 units permitted in Lafayette County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lafayette County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 24y ago 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.

Recommended offer $164,249 (13.6% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 0.86% ✗
• Cap rate: 6.90%
• Cash-on-cash: 2.16%
• DSCR: 1.10
• GRM: 9.6

CMA / ARV

• ARV (median comp): $239,342
• List price: $190,000
• Delta: -20.62%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1201 Pecan St	0.43mi	3/2.0	1,344 (+9%)	1mo	$177,000	$132	65
1645 Cardinal Dr	0.44mi	3/1.5	1,320 (+7%)	14mo	$150,000	$114	55
3625 Lake Shore Dr	0.52mi	3/1.5	1,056 (-15%)	10mo	$199,900	$189	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -12.9%
• Equity multiple: 0.54×
• Total profit: $-24,732
• Equity at exit: $28,330

10-year hold

• IRR: -3.9%
• Equity multiple: 0.74×
• Total profit: $-13,859
• Equity at exit: $16,428

Cash invested: $53,200 (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 64076

• Home prices YoY: -18.0%
• Active inventory: 146
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,642 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$116 /mo · $1,395/yr
• Insurance: −$79
• HOA: −$10
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $96

Break-even live

Break-even rent $1,521

Max offer price $190,000

Occupancy floor 89%

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $10 · $120/yr
• Likely covers: water

Listing history 26 events

1. 2026-06-19
   days on market $190,000 Active 88 DOM
2. 2026-06-18
   days on market $190,000 Active 87 DOM
3. 2026-06-17
   days on market $190,000 Active 86 DOM
4. 2026-06-16
   days on market $190,000 Active 85 DOM
5. 2026-06-15
   days on market $190,000 Active 84 DOM
6. 2026-06-14
   days on market $190,000 Active 82 DOM
7. 2026-06-12
   days on market $190,000 Active 81 DOM
8. 2026-06-09
   days on market $190,000 Active 78 DOM
9. 2026-06-08
   days on market $190,000 Active 77 DOM
10. 2026-06-07
    days on market $190,000 Active 76 DOM
11. 2026-06-05
    days on market $190,000 Active 73 DOM
12. 2026-06-03
    days on market $190,000 Active 72 DOM
13. 2026-06-02
    days on market $190,000 Active 71 DOM
14. 2026-06-01
    days on market $190,000 Active 70 DOM
15. 2026-05-31
    days on market $190,000 Active 69 DOM
16. 2026-05-30
    days on market $190,000 Active 68 DOM
17. 2026-03-23
    listed $190,000 Active 1046-char remark

    Show marketing remark (1046 chars)

    BEST lot on the lake! Wake up every day to breathtaking lake views and end your evenings with unforgettable sunsets over the dam—this lakefront property truly offers one of the best lots on the lake. This 3-bedroom, 2-bath ranch home with a single-car garage is full of opportunity and ready for your personal touch. A true fixer-upper, it’s the perfect canvas to create your dream lake home or a relaxing weekend getaway. Inside, you’ll find a spacious layout, plus a cozy stone fireplace in the basement—ideal for gathering after a day on the water. Step outside and enjoy the unique convenience of a rear-entry garage that backs directly onto your private boat ramp, making lake access effortless. Whether you’re fishing at sunrise, boating all afternoon, or simply soaking in the peaceful surroundings, this property offers the ultimate private retreat. With unbeatable views from both decks, prime lake frontage, and endless potential, this is your chance to transform a rare find into something truly special.

18. 2022-08-24
    soldstatus
19. 2022-08-22
    soldstatus Closed 705-char remark

    Show marketing remark (705 chars)

    This beautiful, rare, & unique lakefront property is ready for you!! Rehabbed, updated and inviting to all your indoor/outdoor waterfront activities. Large upstairs gathering area, updated kitchen. 3 BRs with MBR on-suite bath. Lower level offers walkout with a large fireplace in the lower family room. This house features a private dock, very own boat ramp/launch that easily connects to lower level garage for storage. Spacious multiple deck areas and lower patio offer vast entertaining options. Fenced yard for pets/small children to keep them secure. So much to offer in this secluded revitalizing Lake Lafayette home. This is the re-energizing home or weekend getaway you've been looking for.

20. 2022-07-19
    status Pending 705-char remark

    Show marketing remark (705 chars)

    This beautiful, rare, & unique lakefront property is ready for you!! Rehabbed, updated and inviting to all your indoor/outdoor waterfront activities. Large upstairs gathering area, updated kitchen. 3 BRs with MBR on-suite bath. Lower level offers walkout with a large fireplace in the lower family room. This house features a private dock, very own boat ramp/launch that easily connects to lower level garage for storage. Spacious multiple deck areas and lower patio offer vast entertaining options. Fenced yard for pets/small children to keep them secure. So much to offer in this secluded revitalizing Lake Lafayette home. This is the re-energizing home or weekend getaway you've been looking for.

21. 2022-06-23
    listed $239,900 Active 705-char remark

    Show marketing remark (705 chars)

    This beautiful, rare, & unique lakefront property is ready for you!! Rehabbed, updated and inviting to all your indoor/outdoor waterfront activities. Large upstairs gathering area, updated kitchen. 3 BRs with MBR on-suite bath. Lower level offers walkout with a large fireplace in the lower family room. This house features a private dock, very own boat ramp/launch that easily connects to lower level garage for storage. Spacious multiple deck areas and lower patio offer vast entertaining options. Fenced yard for pets/small children to keep them secure. So much to offer in this secluded revitalizing Lake Lafayette home. This is the re-energizing home or weekend getaway you've been looking for.

22. 2022-03-16
    soldstatus
23. 2006-05-09
    soldstatus
24. 2002-04-10
    soldstatus
25. 2002-04-09
    soldstatus
26. 2002-01-22
    listed $79,950

ⓘ 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: $1,395 · $116/mo
• Projected year-2 tax: $1,843 · $154/mo
• Expected delta: +$448/yr (+$37/mo · 32.1%)

ⓘ 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 ≥107°F today · 16 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: $19,710
• − Mortgage interest: −$10,643
• − Property taxes: −$1,395
• − Insurance: −$950
• − Repairs & maintenance: −$1,577
• − Management: −$1,577
• − HOA: −$120
• − Depreciation: −$5,527
• Taxable loss: −$2,079
• Est. tax savings @ 24.0%: +$499
• After-tax cash flow: $1,648/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: Odessa R-VII
• NCES district ID: 2923100
• Math proficiency: 34% ▼ -9.00%
• Reading proficiency: 48% ▼ -1.00%
• Median HH income: $51,736
• Composite: 35.44/100
• National rank: #4932
• State rank: #123 of 324 in MO

Livability — Lake Lafayette

• Score: 50/100
• State rank: #907
• US rank: #25659

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Lafayette, MO
• Population (ZIP): 9,236

Population outlook (Lafayette County) Hauer SSP2

• Today (2025): 31,118 people
• By 2030: 29,993 · -3.6%
• By 2040: 27,436 · -11.8%
• By 2050: 24,585 · -21.0%
• By 2075: 18,426 · -40.8%
• By 2100: 12,897 · -58.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4%
• Common ancestry: Slovak 4% Danish 2% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Lafayette

• 2024 margin: Solid R (+48.9) · D 24.9% · R 73.8% · Other 1.3%
• 2008→2024 swing: -33.6pp toward R · 2008: -15.3pp · 2024: -48.9pp
• All cycles: 2024: R+48.9 2020: R+45.7 2016: R+43.8 2012: R+26.3 2008: R+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.23%
• Current HPI: 255.8581
• 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

+137.6% since first listed

10 events — show timeline

• 2026-03-23 Listed $190,000 Heartland MLS as Distributed by MLS Grid
• 2022-08-24 Sold (Public Records) — Public Records
• 2022-08-22 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2022-07-19 Pending — Heartland MLS as Distributed by MLS Grid
• 2022-06-23 Listed $239,900 Heartland MLS as Distributed by MLS Grid
• 2022-03-16 Sold (Public Records) — Public Records
• 2006-05-09 Sold (Public Records) — Public Records
• 2002-04-10 Sold (Public Records) — Public Records
• 2002-04-09 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2002-01-22 Listed $79,950 Heartland MLS as Distributed by MLS Grid

Property tax history

+3.9%/yr

Latest (2025): $1,395 · +11.5% YoY. Source: county tax records.