4628 Elmbank Ave · St. Louis, MO 63115

$24,999

4 bd · 1.0 ba · 1,440 sqft · SingleFamily public records · 92 Days on market

Built 1929 2,500 sqft lot $17/sqft · 41% below area Est $43k · 41% under ↓ 44% since listing

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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 +15.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +3.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks MLS

Investor Special – Full Rehab Opportunity in North St. Louis! Welcome to 4628 Elmbank Ave, a two-story brick home with incredible potential for the savvy investor or rehabber. This 4-bedroom, 1-bath property has suffered fire damage and is being sold as-is, making it a true gut rehab project. With a full basement and spacious layout, this home offers a blank canvas for a complete transformation. Located in an area with growing interest and revitalization, this property is ideal for those looking to flip, rent, or restore a classic St. Louis home. Whether you're an experienced contractor or a visionary investor, this is your chance to bring new life to a distressed property and reap the rewards. Schedule your appointment today!

Key facts

• Full basement
• Spacious layout
• 2,500 sq ft lot

Tags

• FULL BASEMENT
• SPACIOUS LAYOUT
• CLASSIC ST. LOUIS HOME

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $853 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Recommended offer: $23k (9.0% below list) — sets the bar for market timing.
• Cap rate 47.2% vs local median 5.0% in St. Louis — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• St. Louis City (urban): math 10% / reading 18% proficiency, ranked #312 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 97 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• At $1,294/mo this rent would consume 51% of the median local household income ($31k/yr) (locally 1655% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $173 of loan paydown is wiped out by about $750 of value loss. Plan a longer hold.
• St. Louis County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($23k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $2k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1929 — expect roof / HVAC / electrical / plumbing capex.
• 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 $22,749 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 5.18% ✓
• Cap rate: 47.23%
• Cash-on-cash: 146.20%
• DSCR: 7.50
• GRM: 1.6

CMA / ARV

• ARV (median comp): $42,581
• List price: $24,999
• Delta: -41.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3208 N Taylor Ave	0.20mi	3/1.5 (-1)	1,500 (+4%)	10mo	$24,900	$17	69
4743 Maffitt Ave	0.33mi	4/1.5	1,550 (+8%)	5mo	$154,900	$100	66
4725 Maffitt Ave	0.31mi	3/1.5 (-1)	1,508 (+5%)	9mo	$45,000	$30	63
4816 Greer Ave	0.32mi	5/1.5 (+1)	1,574 (+9%)	14mo	$30,000	$19	51
3526 Paris Ave	0.35mi	3/2.0 (-1)	1,624 (+13%)	6mo	$25,000	$15	48
4227 W Labadie Ave	0.58mi	3/1.5 (-1)	1,505 (+4%)	17mo	$55,000	$37	44
4038 N Newstead Ave	0.63mi	3/2.0 (-1)	1,408 (-2%)	19mo	$50,000	$36	42
4700 Penrose St	0.66mi	4/1.0	1,242 (-14%)	12mo	$69,900	$56	37
1723 Marcus Ave	0.65mi	3/1.5 (-1)	1,564 (+9%)	14mo	$25,000	$16	36
4882 San Francisco Ave	0.51mi	3/1.0 (-1)	1,230 (-15%)	14mo	$118,000	$96	35
4941 Lexington Ave	0.54mi	3/2.0 (-1)	1,240 (-14%)	11mo	$124,900	$101	34
1524 Deer St	0.74mi	3/2.0 (-1)	1,646 (+14%)	14mo	$105,900	$64	21

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: —
• Equity multiple: 8.18×
• Total profit: $50,280
• Equity at exit: $3,727

10-year hold

• IRR: —
• Equity multiple: 17.26×
• Total profit: $113,792
• Equity at exit: $2,161

Cash invested: $7,000 (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 63115

• Home prices YoY: -2.6%
• Active inventory: 97
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,294 high
• Mortgage (P&I): −$131
• Tax from tax record: −$28 /mo · $338/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $853

Break-even live

Break-even rent $215

Max offer price $24,999

Occupancy floor 29%

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4040 Shreve Ave Saint Louis, MO	3.0	1.0	1201	$1,250	$1.04	43d	1	0.57mi
4497 Lee Ave Saint Louis, MO	3.0	2.0	1012	$1,000	$0.99	16d	1	0.68mi
4247 Maffitt Ave St. Louis, MO	3.0	1.5	1700	$1,000	$0.59	4d	1	0.75mi
4493 Bessie Ave Saint Louis, MO	3.0	1.0	880	$1,250	$1.42	43d	1	0.80mi
4847 Calvin Ave Saint Louis, MO	3.0	2.0	1000	$1,473	$1.47	2d	1	0.93mi
1708 Annie Malone Dr Saint Louis, MO	3.0	1.5	924	$1,500	$1.62	43d	1	0.98mi
1232 N Euclid Ave Saint Louis, MO	3.0	1.5	982	$1,395	$1.42	43d	1	1.06mi
5333 Patton Ave St. Louis, MO	3.0	1.5	1262	$1,250	$0.99	43d	1	1.22mi
5096 Minerva Ave Unit C St. Louis, MO	3.0	1.0	1800	$1,395	$0.78	43d	1	1.26mi
1965 Arlington Ave Saint Louis, MO	3.0	1.0	980	$1,300	$1.33	4d	1	1.26mi
5345 Wells Ave Unit 2ND St. Louis, MO	3.0	1.0	1127	$1,095	$0.97	23d	1	1.38mi
4400 Delmar Blvd St. Louis, MO	3.0	1.0	1450	$1,600	$1.10	43d	1	1.43mi

Listing history 23 events

1. 2026-06-17
   days on market $24,999 Active 92 DOM
2. 2026-06-16
   days on market $24,999 Active 91 DOM
3. 2026-06-15
   days on market $24,999 Active 90 DOM
4. 2026-06-13
   days on market $24,999 Active 88 DOM
5. 2026-06-09
   days on market $24,999 Active 84 DOM
6. 2026-06-08
   days on market $24,999 Active 83 DOM
7. 2026-06-08
   days on market $24,999 Active 82 DOM
8. 2026-06-05
   days on market $24,999 Active 79 DOM
9. 2026-06-03
   days on market $24,999 Active 78 DOM
10. 2026-06-02
    days on market $24,999 Active 77 DOM
11. 2026-06-01
    days on market $24,999 Active 76 DOM
12. 2026-05-31
    days on market $24,999 Active 75 DOM
13. 2026-03-26
    price $24,999 742-char remark

    Show marketing remark (742 chars)

    Investor Special – Full Rehab Opportunity in North St. Louis! Welcome to 4628 Elmbank Ave, a two-story brick home with incredible potential for the savvy investor or rehabber. This 4-bedroom, 1-bath property has suffered fire damage and is being sold as-is, making it a true gut rehab project. With a full basement and spacious layout, this home offers a blank canvas for a complete transformation. Located in an area with growing interest and revitalization, this property is ideal for those looking to flip, rent, or restore a classic St. Louis home. Whether you're an experienced contractor or a visionary investor, this is your chance to bring new life to a distressed property and reap the rewards. Schedule your appointment today!

14. 2026-03-17
    listed $27,000 Active 742-char remark

    Show marketing remark (742 chars)

    Investor Special – Full Rehab Opportunity in North St. Louis! Welcome to 4628 Elmbank Ave, a two-story brick home with incredible potential for the savvy investor or rehabber. This 4-bedroom, 1-bath property has suffered fire damage and is being sold as-is, making it a true gut rehab project. With a full basement and spacious layout, this home offers a blank canvas for a complete transformation. Located in an area with growing interest and revitalization, this property is ideal for those looking to flip, rent, or restore a classic St. Louis home. Whether you're an experienced contractor or a visionary investor, this is your chance to bring new life to a distressed property and reap the rewards. Schedule your appointment today!

15. 2026-01-28
    price $27,000
16. 2025-12-11
    price $27,999
17. 2025-11-26
    status Active
18. 2025-11-17
    price $29,999
19. 2025-10-28
    price $32,000
20. 2025-10-06
    price $33,000
21. 2025-09-26
    price $34,000
22. 2025-08-27
    price $35,000
23. 2025-08-25
    listed $45,000 Active

ⓘ 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: $338 · $28/mo
• Projected year-2 tax: $338 · $28/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 4/10 Moderate FEMA zone X (unshaded) · 22% 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 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,531
• − Mortgage interest: −$1,400
• − Property taxes: −$338
• − Insurance: −$125
• − Repairs & maintenance: −$1,242
• − Management: −$1,242
• − Depreciation: −$727
• Taxable income: $10,455
• Est. tax owed @ 24.0%: −$2,509
• After-tax cash flow: $7,724/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: St. Louis City
• NCES district ID: 2929280
• Math proficiency: 10% ▼ -6.00%
• Reading proficiency: 18% ▼ -3.00%
• Median HH income: $35,685
• Composite: 11.54/100
• National rank: #9699
• State rank: #312 of 324 in MO

Livability — St. Louis

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Louis, MO
• County: Saint Louis City · 254,015 people
• City population: 283,259
• Metro: St. Louis, MO-IL
• Population (ZIP): 14,488
• Household income: $30,622
• Rent vs Own: 57.7% rent · 42.3% own
• Severe rent burden: 1655.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 315,737 people
• By 2030: 313,865 · -0.6%
• By 2040: 305,439 · -3.3%
• By 2050: 296,529 · -6.1%
• By 2075: 271,028 · -14.2%
• By 2100: 255,359 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (95%)
• Race & ethnicity: Black 95% White 2% Two or more races 2%
• Foreign-born: 0%

Political lean MEDSL · St. Louis

• 2024 margin: Solid D (+64.7) · D 81.4% · R 16.7% · Other 2.0%
• 2008→2024 swing: -3.5pp toward R · 2008: 68.2pp · 2024: 64.7pp
• All cycles: 2024: D+64.7 2020: D+66.2 2016: D+63.7 2012: D+66.6 2008: D+68.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.42%
• Current HPI: 127.3403
• Rent YoY: —
• 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

-44.4% since first listed

11 events — show timeline

• 2026-03-26 Price Changed $24,999 MARIS as Distributed by MLS Grid
• 2026-03-17 Listed $27,000 MARIS as Distributed by MLS Grid
• 2026-01-28 Price Changed $27,000 MARIS as Distributed by MLS Grid
• 2025-12-11 Price Changed $27,999 MARIS as Distributed by MLS Grid
• 2025-11-26 Relisted — MARIS as Distributed by MLS Grid
• 2025-11-17 Price Changed $29,999 MARIS as Distributed by MLS Grid
• 2025-10-28 Price Changed $32,000 MARIS as Distributed by MLS Grid
• 2025-10-06 Price Changed $33,000 MARIS as Distributed by MLS Grid
• 2025-09-26 Price Changed $34,000 MARIS as Distributed by MLS Grid
• 2025-08-27 Price Changed $35,000 MARIS as Distributed by MLS Grid
• 2025-08-25 Listed $45,000 MARIS as Distributed by MLS Grid

Property tax history

-2.6%/yr

Latest (2024): $338 · +4.7% YoY. Source: county tax records.