2339 Kratky Rd Unit A · Maryland Heights, MO 63114

$136,000

2 bd · 2.0 ba · 990 sqft · Condo public records · 27 Days on market

Built 1986 $300/mo HOA · 21% of rent

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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 +11.5/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Livability +3.6/5.0
• DSCR +3.4/10.0
• Schools +3.4/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Freshly remodeled condo near to Airport & Free Parking. Discover the beauty of St. Louis from this 2-bedroom condo. Nestled in the heart of the city, our charming property offers a main floor condo on walk-in level with covered parking!. No stairs! Adorable condo features an open floor plan, new carpet, refinished kitchen cabinets, large master bath, balcony off the living room along with an assigned covered parking spot. Convenient storage area down the hall at the bottom of the stairs. Refrigerator stays! Cozy white washed brick in the living room. Conveniently located near the intersection of MO-364 and MO-67 making it easy to get to where you need to go as well as lots shopping, r

Key facts

• Open floor plan
• Covered parking
• Main floor condo

Tags

• REMODELED CONDO
• MAIN FLOOR CONDO
• COVERED PARKING
• OPEN FLOOR PLAN
• REFINISHED KITCHEN CABINETS
• LARGE MASTER BATH

Property features AI

Finance

• HOA & community: Part of Warsaw Ridge community (12 units); Monthly association fee of $300; HOA covers insurance, grounds maintenance, parking/roads maintenance, pool, sewer, trash and water; Association amenities: managed community, parking, storage

Exterior

• Parking: Assigned covered parking; 1 carport space (carport)
• Utilities: Public water; Public sewer; Electric service by Ameren; Electricity, sewer and water connected
• Home design: Attached condominium; One level
• Construction: Brick construction
• Exterior features: Open lot

Interior

• Kitchen: Electric water heater
• Bedrooms: 2 bedrooms (both on the main level)
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Electric heating; Central air conditioning (electric)
• Interior features: Walk-in closet(s); Wood-burning fireplace in living room
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $136k.

Deal economics

• At list price, monthly cash flow is $-45 ($-544/yr) — negative.
• To cash-flow at today's rent, offer at most $128k (5.9% below list).
• Meets the 1% rule at list price ($1k rent vs $136k).
• Recommended offer: $128k (5.9% below list) — sets the bar for cash-flow.
• Cap rate 5.9% vs local median 4.3% in Maryland Heights — 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 71/100 on livability (#101 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, amenities F, commute F.
• Pattonville R-III (suburban): math 32% / reading 46% proficiency, ranked #147 of 324 in MO (top 45%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.0%/yr); 118 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 920 units permitted in St. Louis County in 2024 (250 in 5+ unit buildings).
• This rent runs 31% of the median local income ($56k/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 $940 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 2y 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.
• Current owner paid $80k; list at $136k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,988 (5.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 5.89%
• Cash-on-cash: -1.43%
• DSCR: 0.94
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.04% rent growth · sell at horizon

5-year hold

• IRR: -19.9%
• Equity multiple: 0.31×
• Total profit: $-26,134
• Equity at exit: $20,278

10-year hold

• IRR: -15.2%
• Equity multiple: 0.18×
• Total profit: $-31,329
• Equity at exit: $11,759

Cash invested: $38,080 (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 63114

• Rents YoY: 2.0%
• Active inventory: 118
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,441 high
• Mortgage (P&I): −$713
• Tax from tax record: −$114 /mo · $1,369/yr
• Insurance: −$57
• HOA: −$300
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $-45

Break-even live

Break-even rent $1,499

Max offer price $127,988

Occupancy floor 98%

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: $34,000
• Closing costs: $4,080
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10900 Oak Forest Pkwy Dr St. Louis, MO	1.0–2.0	1.0	800	$1,600	$2.00	3d	6	0.72mi
1434 Willow Brook Cove Ct St. Louis, MO	2.0	1.5	910	$1,395	$1.53	44d	1	1.00mi
1380 Willow Brook Cove Ct St. Louis, MO	2.0	1.5	910	$1,550	$1.70	15d	1	1.06mi
10304 Oxford Hill Dr St. Louis, MO	1.0–3.0	1.0–2.0	925	$1,489	$1.61	2d	47	1.33mi
10368 Forest Brook Ln Unit F Saint Louis, MO	2.0	2.0	1053	$1,350	$1.28	44d	1	1.49mi
10364 Forest Brook Ln Saint Louis, MO	2.0	2.0	1053	$1,400	$1.33	44d	1	1.50mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-01
   days on market $136,000 Active 27 DOM
2. 2026-05-31
   days on market $136,000 Active 26 DOM
3. 2026-05-06
   listed $139,000 Active 961-char remark
4. 2026-01-31
   price $138,000
5. 2025-11-13
   listed $143,000 Active
6. 2025-11-11
   historical
7. 2025-09-14
   price $143,000
8. 2025-07-09
   status Active
9. 2025-06-26
   status Pending
10. 2025-06-05
    listed $145,000 Active
11. 2025-05-01
    historical
12. 2025-04-26
    price $147,000
13. 2025-04-08
    price $149,000
14. 2025-03-14
    price $151,000
15. 2025-03-03
    price $153,000
16. 2025-02-04
    price $155,000
17. 2025-02-03
    status Active
18. 2025-02-01
    historical
19. 2024-12-22
    status Active
20. 2024-12-07
    historical
21. 2024-09-28
    listed $160,000 Active
22. 2009-05-06
    soldstatus
23. 2009-05-06
    soldstatus $80,000
24. 1995-11-20
    soldstatus $56,000
25. 1989-08-01
    soldstatus
26. 1989-08-01
    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: $1,369 · $114/mo
• Projected year-2 tax: $1,369 · $114/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,295
• − Mortgage interest: −$7,618
• − Property taxes: −$1,369
• − Insurance: −$680
• − Repairs & maintenance: −$1,384
• − Management: −$1,384
• − HOA: −$3,600
• − Depreciation: −$3,956
• Taxable loss: −$2,696
• Est. tax savings @ 24.0%: +$647
• After-tax cash flow: $103/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: Pattonville R-III
• NCES district ID: 2923700
• Math proficiency: 32% ▼ -11.00%
• Reading proficiency: 46% ▼ -5.00%
• Median HH income: $50,786
• Composite: 33.69/100
• National rank: #5383
• State rank: #147 of 324 in MO

Livability — Maryland Heights

• Score: 71/100
• State rank: #101
• US rank: #6808

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Louis County · 888,823 people
• City population: 21,924
• Metro: St. Louis, MO-IL
• Population (ZIP): 33,969
• Household income: $55,870
• Rent vs Own: 41.8% rent · 58.2% own
• Severe rent burden: 1595.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 1,025,227 people
• By 2030: 1,028,023 · +0.3%
• By 2040: 1,020,940 · -0.4%
• By 2050: 1,007,280 · -1.8%
• By 2075: 987,277 · -3.7%
• By 2100: 921,984 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 50% Black 30% Hispanic / Latino 11% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 3% Italian 2% Romanian 1%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 10% French/Haitian/Cajun 2% Tagalog/Filipino 1%

Political lean MEDSL · St. Louis

• 2024 margin: Strong D (+23.4) · D 60.8% · R 37.4% · Other 1.7%
• 2008→2024 swing: +3.5pp toward D · 2008: 19.9pp · 2024: 23.4pp
• All cycles: 2024: D+23.4 2020: D+24.0 2016: D+16.2 2012: D+13.7 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -276.62%
• Current HPI: 223.9305
• Rent YoY: ▲ 2.04%
• Metro: St. Louis, MO-IL
• 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

+142.9% since first listed

25 events — show timeline

• 2026-05-22 Price Changed $136,000 MARIS as Distributed by MLS Grid
• 2026-05-06 Listed $139,000 MARIS as Distributed by MLS Grid
• 2026-01-31 Price Changed $138,000 MARIS as Distributed by MLS Grid
• 2025-11-13 Listed $143,000 MARIS as Distributed by MLS Grid
• 2025-11-11 Coming Soon — MARIS as Distributed by MLS Grid
• 2025-09-14 Price Changed $143,000 MARIS as Distributed by MLS Grid
• 2025-07-09 Relisted — MARIS as Distributed by MLS Grid
• 2025-06-26 Pending — MARIS as Distributed by MLS Grid
• 2025-06-05 Listed $145,000 MARIS as Distributed by MLS Grid
• 2025-05-01 Delisted — MARIS as Distributed by MLS Grid
• 2025-04-26 Price Changed $147,000 MARIS as Distributed by MLS Grid
• 2025-04-08 Price Changed $149,000 MARIS as Distributed by MLS Grid
• 2025-03-14 Price Changed $151,000 MARIS as Distributed by MLS Grid
• 2025-03-03 Price Changed $153,000 MARIS as Distributed by MLS Grid
• 2025-02-04 Price Changed $155,000 MARIS as Distributed by MLS Grid
• 2025-02-03 Relisted — MARIS as Distributed by MLS Grid
• 2025-02-01 Delisted — MARIS as Distributed by MLS Grid
• 2024-12-22 Relisted — MARIS as Distributed by MLS Grid
• 2024-12-07 Delisted — MARIS as Distributed by MLS Grid
• 2024-09-28 Listed $160,000 MARIS as Distributed by MLS Grid
• 2009-05-06 Sold (Public Records) $80,000 Public Records
• 2009-05-06 Sold (Public Records) — Public Records
• 1995-11-20 Sold (Public Records) $56,000 Public Records
• 1989-08-01 Sold (Public Records) — Public Records
• 1989-08-01 Sold (Public Records) — Public Records

Property tax history

+2.1%/yr

Latest (2022): $1,369 · +0.4% YoY. Source: county tax records.