2036 N Prospect Ave · Springfield, MO 65803

$125,000

2 bd · 1.0 ba · 940 sqft · SingleFamily public records · 5 Days on market

Built 1904 6,970 sqft lot $133/sqft · at area comps Est $126k · at est.

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Why this score? — see what drove the D 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 +13.8/30.0
• ARV discount +7.7/15.0
• DSCR +4.2/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Schools +3.2/10.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Remarkable Remodel! Move in ready with so many updates! New double pane windows, siding, fascia, Air Conditioner, fixtures and fans, flooring, new roof in 2018, gas stove the list goes on and on. Great sized backyard with plenty of room for the pets to roam or reap the rewards of a large lush garden. The new deck has 2 built in benches and ready to enjoy a family BBQ. This property is eligible for a NO MONEY DOWN loan program.

Key facts

• Covered front porch
• Renovated in 2018
• Updated flooring

Tags

• RENOVATED IN 2018
• FULLY PRIVACY FENCED YARD
• COVERED FRONT PORCH
• UPDATED FLOORING
• FULLY EQUIPPED KITCHEN
• DECK AND STORAGE SHED

Property features AI

Finance

• Other: Public-maintained road access (city street); Lot approximately 0.16 acre

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Block foundation
• Exterior features: Covered patio/deck; Deck; Privacy fencing; Shed(s)

Interior

• Kitchen: Gas oven; Free-standing gas oven; Microwave; Refrigerator
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas central heat; Central air conditioning; Ceiling fan(s)
• Interior features: Ceiling fans; Central air conditioning; Central heating (natural gas); Gas water heater; Has a view

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $12 ($139/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 $99k (20.9% below list).
• Recommended offer: $99k (20.9% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.6% in Springfield — 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 75/100 on livability (#57 in MO, #4,121 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment F.
• Springfield R-XII (urban): math 32% / reading 46% proficiency, ranked #174 of 324 in MO (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hillcrest High (math 9% / reading 35%, grade F, #462 of 521 statewide, top 90%, 1,017 students, 64% FRL) — zoned schools average 64% FRL vs 46% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 22% at this address vs 39% district-wide (-17 pts) — the specific schools serving this property underperform the Springfield R-XII average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+4.2%/yr); 394 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,302 units permitted in Greene County in 2024 (250 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Greene County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y 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.

Risks & watch-outs

• Watch-outs: built in 1904 — expect roof / HVAC / electrical / plumbing capex.
• 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 $98,904 (20.9% below list)

Questions for the listing agent

1. Built in 1904 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.79% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.40%
• DSCR: 1.02
• GRM: 10.5

CMA / ARV

• ARV (median comp): $125,583
• List price: $125,000
• Delta: -0.46%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2036 N Prospect Ave	0.00mi	2/1.0	976 (+4%)	0mo	$125,000	$128	93
2111 N Rogers Ave	0.09mi	2/1.0	962 (+2%)	1mo	$165,000	$172	91
1112 E Dale St	0.25mi	2/1.0	988 (+5%)	1mo	$114,900	$116	79
2110 N Pickwick Ave	0.20mi	2/1.0	1,022 (+9%)	1mo	$132,500	$130	75
1433 E Commercial St	0.32mi	2/1.0	1,008 (+7%)	1mo	$124,900	$124	72
2023 N Taylor Ave	0.23mi	2/1.0	1,035 (+10%)	2mo	$80,000	$77	71
2160 N Kellett Ave	0.50mi	2/1.0	964 (+3%)	2mo	$104,900	$109	71
2033 N Taylor Ave	0.23mi	3/1.0 (+1)	1,036 (+10%)	2mo	$120,000	$116	66
2310 N Pierce Ave	0.64mi	2/1.0	976 (+4%)	1mo	$14,900	$15	63
1601 N Rogers Ave	0.50mi	2/1.0	840 (-11%)	3mo	$129,900	$155	57
1433 E Division St	0.60mi	2/1.0	844 (-10%)	0mo	$115,000	$136	54
1341 N Fremont Ave	0.75mi	3/2.0 (+1)	984 (+5%)	1mo	$121,800	$124	47

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 · 4.24% rent growth · sell at horizon

5-year hold

• IRR: -14.5%
• Equity multiple: 0.48×
• Total profit: $-18,313
• Equity at exit: $18,638

10-year hold

• IRR: -4.1%
• Equity multiple: 0.72×
• Total profit: $-9,916
• Equity at exit: $10,808

Cash invested: $35,000 (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 65803

• Home prices YoY: -29.8%
• Rents YoY: 4.2%
• Active inventory: 394
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $989 high
• Mortgage (P&I): −$656
• Tax from tax record: −$62 /mo · $746/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $12

Break-even live

Break-even rent $974

Max offer price $125,000

Occupancy floor 94%

Sensitivity live

Price	-10% $82	-5% $47	+0% $12	+5% $-24	+10% $-59
Rent	-10% $-67	-5% $-28	+0% $12	+5% $51	+10% $90
Rate	-1.0pp $75	-0.5pp $43	base $12	+0.5pp $-21	+1.0pp $-54

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2054 N Rogers Ave Springfield, MO	2.0	1.0	888	$925	$1.04	14d	1	0.07mi
2313 N Rogers Ave Unit 1 Springfield, MO	2.0	2.0	882	$950	$1.08	14d	1	0.36mi
1447 E Oakwood Ln Springfield, MO	2.0	2.0	982	$1,395	$1.42	44d	1	0.37mi
1501 E Blaine St Springfield, MO	2.0	1.0	958	$695	$0.73	24d	1	0.39mi
2345 N Prospect Ave Springfield, MO	2.0	1.0	792	$850	$1.07	14d	1	0.42mi
2337 N Ramsey Ave Springfield, MO	2.0	1.0	882	$875	$0.99	14d	1	0.42mi
1636 N National Ave Springfield, MO	3.0	1.5	1000	$995	$0.99	44d	1	0.42mi
2234 N Travis Ave Springfield, MO	1.0	1.0	890	$750	$0.84	44d	1	0.43mi
2337 N Delaware Ave Springfield, MO	2.0	1.0	876	$1,195	$1.36	44d	1	0.47mi
1112 E Locust St Springfield, MO	2.0	1.0	840	$945	$1.12	24d	1	0.53mi
1529 N Weller Ave Springfield, MO	2.0	1.0	870	$995	$1.14	24d	1	0.55mi
805 E Garfield St Springfield, MO	2.0	1.0	950	$950	$1.00	14d	1	0.58mi
1710 E Commercial St Unit B Springfield, MO	2.0	1.0	950	$775	$0.82	44d	1	0.58mi
2346 N Kellett Ave Apt B Springfield, MO	1.0	1.0	550	$825	$1.50	44d	1	0.64mi
2034 N Washington Ave Springfield, MO	2.0	1.0	800	$875	$1.09	44d	1	0.72mi
716 E Locust St Unit A Springfield, MO	2.0	1.0	915	$850	$0.93	24d	1	0.77mi
1306 N Frisco Ave Apt A Springfield, MO	2.0	1.5–2.0	970	$995	$1.03	14d	19	0.87mi
407 E Dale St Apt B Springfield, MO	2.0	1.0	720	$795	$1.10	14d	1	0.92mi
317 E Chase St Springfield, MO	2.0	2.0	915	$1,100	$1.20	44d	1	1.00mi
1409 N Washington Ave Springfield, MO	2.0	1.0	839	$1,405	$1.67	14d	2	1.03mi
1623 N Jefferson Ave Unit B Springfield, MO	1.0	1.0	750	$950	$1.27	44d	1	1.04mi
1530 N Robberson Ave Springfield, MO	3.0	2.0	1122	$1,425	$1.27	44d	1	1.12mi
203 W Commercial St Unit 2F Springfield, MO	2.0	1.0	1000	$1,150	$1.15	22d	1	1.16mi
1246 E Norton Rd Springfield, MO	1.0	1.0	650	$595	$0.92	44d	1	1.18mi
2230 N Campbell Ave Springfield, MO	2.0	1.0	1084	$1,095	$1.01	44d	1	1.18mi
3000 N Kentwood Ave Springfield, MO	1.0	1.0	650	$650	$1.00	14d	1	1.20mi
2940 N East Ave Springfield, MO	2.0	2.0	915	$700	$0.77	14d	1	1.21mi
2650 N Barnes Ave Apt C22 Springfield, MO	2.0	2.0	1100	$1,000	$0.91	44d	1	1.33mi
1034 E McCanse St Springfield, MO	3.0	1.0	910	$1,150	$1.26	24d	1	1.36mi
603 W Division St Springfield, MO	2.0	1.0	816	$995	$1.22	14d	1	1.47mi

Listing history 6 events

1. 2026-05-06
   status Pending 912-char remark
2. 2026-05-01
   listed $125,000 Active 912-char remark
3. 2020-08-20
   soldstatus
4. 2020-08-19
   soldstatus 430-char remark

   Show marketing remark (430 chars)

   Remarkable Remodel! Move in ready with so many updates! New double pane windows, siding, fascia, Air Conditioner, fixtures and fans, flooring, new roof in 2018, gas stove the list goes on and on. Great sized backyard with plenty of room for the pets to roam or reap the rewards of a large lush garden. The new deck has 2 built in benches and ready to enjoy a family BBQ. This property is eligible for a NO MONEY DOWN loan program.

5. 2020-05-30
   listed $84,900 430-char remark

   Show marketing remark (430 chars)

   Remarkable Remodel! Move in ready with so many updates! New double pane windows, siding, fascia, Air Conditioner, fixtures and fans, flooring, new roof in 2018, gas stove the list goes on and on. Great sized backyard with plenty of room for the pets to roam or reap the rewards of a large lush garden. The new deck has 2 built in benches and ready to enjoy a family BBQ. This property is eligible for a NO MONEY DOWN loan program.

6. 2008-09-25
   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: $746 · $62/mo
• Projected year-2 tax: $1,212 · $101/mo
• Expected delta: +$466/yr (+$39/mo · 62.5%)

ⓘ 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 ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,868
• − Mortgage interest: −$7,002
• − Property taxes: −$746
• − Insurance: −$625
• − Repairs & maintenance: −$949
• − Management: −$949
• − Depreciation: −$3,636
• Taxable loss: −$2,040
• Est. tax savings @ 24.0%: +$490
• After-tax cash flow: $628/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: Springfield R-XII
• NCES district ID: 2928860
• Math proficiency: 32% ▼ -2.00%
• Reading proficiency: 46% ▼ -3.00%
• Median HH income: $37,886
• Composite: 32.45/100
• National rank: #5717
• State rank: #174 of 324 in MO

Livability — Springfield

• Score: 75/100
• State rank: #57
• US rank: #4121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, MO
• County: Greene County · 244,327 people
• City population: 223,044
• Metro: Springfield, MO
• Population (ZIP): 42,882
• Household income: $50,572
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1305.0

Population outlook (Greene County) Hauer SSP2

• Today (2025): 319,054 people
• By 2030: 335,135 · +5.0%
• By 2040: 366,186 · +14.8%
• By 2050: 397,431 · +24.6%
• By 2075: 477,035 · +49.5%
• By 2100: 520,828 · +63.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 9% Hispanic / Latino 6% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Italian 2% Iranian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Greene

• 2024 margin: Strong R (+20.8) · D 38.9% · R 59.7% · Other 1.4%
• 2008→2024 swing: -5.0pp toward R · 2008: -15.8pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+20.1 2016: R+27.4 2012: R+24.4 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.08%
• Current HPI: 205.0439
• Rent YoY: ▲ 4.24%
• Metro: Springfield, 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

+47.2% since first listed

8 events — show timeline

• 2026-06-09 Sold (Public Records) — Public Records
• 2026-06-05 Sold (MLS) — SOMO
• 2026-05-06 Pending — SOMO
• 2026-05-01 Listed $125,000 SOMO
• 2020-08-20 Sold (Public Records) — Public Records
• 2020-08-19 Sold (MLS) — SOMO
• 2020-05-30 Listed $84,900 SOMO
• 2008-09-25 Sold (Public Records) — Public Records

Property tax history

+7.9%/yr

Latest (2025): $746 · +73.9% YoY. Source: county tax records.