301 S Gex St · La Plata, MO 63549

$159,900

3 bd · None ba · 1,278 sqft · Other public records · 26 Days on market

Built 2023

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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 +9.2/30.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +4.0/10.0
• Livability +3.5/5.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0

Listing remarks MLS

Discover this beautifully updated 1925 bungalow, with 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home's charm and security. Don't miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home! For more information contact the listing agent, Elizabeth Gregory, eXp Realty 660.621.2136, www. missourihomeandfarm.com

Key facts

• Major updates
• Built 2023
• Listed 25 days

Tags

• ORIGINAL HARDWOOD FLOORS
• MAJOR UPDATES

What this means for you Summary

Snapshot

• This is a 3-bed/?-bath other listed at $160k.

Deal economics

• At list price, monthly cash flow is $-120 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $139k (13.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $106k (33.7% below list).
• Recommended offer: $106k (33.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#161 in MO) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: schools C-, employment D+, amenities F.
• La Plata R-II (rural): math 45% / reading 45% proficiency, ranked #220 of 535 in MO (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 20 active listings in the ZIP; 26 units permitted in Macon County in 2024 (19 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (3.0% local appreciation)).
• Macon County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 6, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y 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 $105,994 (33.7% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.66% ✗
• Cap rate: 5.39%
• Cash-on-cash: -3.23%
• DSCR: 0.86
• GRM: 12.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 4.5%
• Equity multiple: 1.26×
• Total profit: $11,517
• Equity at exit: $71,898

10-year hold

• IRR: 7.6%
• Equity multiple: 2.15×
• Total profit: $51,673
• Equity at exit: $110,803

Cash invested: $44,772 (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 63549

• Active inventory: 20
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $1,060 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$53 /mo · $632/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $-120

Break-even live

Break-even rent $1,212

Max offer price $138,625

Occupancy floor —

Sensitivity live

Price	-10% $-30	-5% $-75	+0% $-120	+5% $-166	+10% $-211
Rent	-10% $-204	-5% $-162	+0% $-120	+5% $-79	+10% $-37
Rate	-1.0pp $-40	-0.5pp $-80	base $-120	+0.5pp $-162	+1.0pp $-204

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-21
   days on market $159,900 Active 26 DOM
2. 2026-06-19
   days on market $159,900 Active 24 DOM
3. 2026-06-18
   days on market $159,900 Active 23 DOM
4. 2026-06-17
   days on market $159,900 Active 22 DOM
5. 2026-06-16
   days on market $159,900 Active 21 DOM
6. 2026-06-15
   days on market $159,900 Active 20 DOM
7. 2026-06-14
   days on market $159,900 Active 18 DOM
8. 2026-06-12
   days on market $159,900 Active 17 DOM
9. 2026-06-09
   days on market $159,900 Active 14 DOM
10. 2026-06-08
    days on market $159,900 Active 13 DOM
11. 2026-06-07
    days on market $159,900 Active 12 DOM
12. 2026-06-07
    days on market $159,900 Active 11 DOM
13. 2026-06-04
    days on market $159,900 Active 8 DOM
14. 2026-06-02
    days on market $159,900 Active 7 DOM
15. 2026-06-01
    days on market $159,900 Active 6 DOM
16. 2026-05-31
    days on market $159,900 Active 5 DOM
17. 2026-05-31
    days on market $159,900 Active 4 DOM
18. 2026-05-27
    listed $159,900 Active
19. 2024-11-13
    soldstatus
20. 2024-11-12
    soldstatus Closed 800-char remark

    Show marketing remark (703 chars)

    Discover this beautifully updated 1925 bungalow, offering 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home’s charm and security. Don’t miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home!

21. 2024-11-12
    soldstatus Closed 703-char remark

    Show marketing remark (703 chars)

    Discover this beautifully updated 1925 bungalow, offering 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home’s charm and security. Don’t miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home!

22. 2024-10-15
    status Pending 800-char remark

    Show marketing remark (703 chars)

    Discover this beautifully updated 1925 bungalow, offering 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home’s charm and security. Don’t miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home!

23. 2024-10-15
    status Pending 703-char remark

    Show marketing remark (703 chars)

    Discover this beautifully updated 1925 bungalow, offering 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home’s charm and security. Don’t miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home!

24. 2024-10-03
    price $149,000 800-char remark

    Show marketing remark (703 chars)

    Discover this beautifully updated 1925 bungalow, offering 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home’s charm and security. Don’t miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home!

25. 2024-10-03
    price $149,000 703-char remark

    Show marketing remark (703 chars)

    Discover this beautifully updated 1925 bungalow, offering 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home’s charm and security. Don’t miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home!

26. 2024-09-02
    listed $172,999 Active 703-char remark

    Show marketing remark (800 chars)

    Discover this beautifully updated 1925 bungalow, with 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home's charm and security. Don't miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home! For more information contact the listing agent, Elizabeth Gregory, eXp Realty 660.621.2136, www. missourihomeandfarm.com

27. 2024-09-02
    listed $172,999 Active 800-char remark

    Show marketing remark (800 chars)

    Discover this beautifully updated 1925 bungalow, with 1,400 sq ft of spacious living in the heart of La Plata. This inviting home features three bedrooms and 1.5 bathrooms, perfect for family living. The separate dining room is ideal for gatherings, while the large upstairs bonus room provides endless possibilities for a playroom or home office. Recent upgrades include all new siding, roof, windows, and gutters, ensuring both curb appeal and modern efficiency. Fresh exterior doors enhance the home's charm and security. Don't miss this opportunity to own a blend of vintage character and contemporary comfort. Schedule your showing today and fall in love with your new home! For more information contact the listing agent, Elizabeth Gregory, eXp Realty 660.621.2136, www. missourihomeandfarm.com

28. 2015-10-19
    soldstatus
29. 2015-10-16
    soldstatus
30. 2015-08-03
    listed $27,500
31. 2015-01-28
    soldstatus
32. 2014-03-27
    listed $29,900

ⓘ 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: $632 · $53/mo
• Projected year-2 tax: $1,551 · $129/mo
• Expected delta: +$920/yr (+$77/mo · 145.6%)

ⓘ 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 3/10 Moderate 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,719
• − Mortgage interest: −$8,957
• − Property taxes: −$632
• − Insurance: −$800
• − Repairs & maintenance: −$1,018
• − Management: −$1,018
• − Depreciation: −$4,652
• Taxable loss: −$4,355
• Est. tax savings @ 24.0%: +$1,045
• After-tax cash flow: $-400/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: La Plata R-II
• NCES district ID: 2916950
• Math proficiency: 45% ▼ -5.00%
• Reading proficiency: 45% ▼ -10.00%
• Median HH income: $36,265
• Composite: 39.55/100
• National rank: #8075
• State rank: #220 of 535 in MO

Livability — La Plata

• Score: 69/100
• State rank: #161
• US rank: #8872

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Plata, MO
• City population: 2,393
• Population (ZIP): 2,393

Population outlook (Macon County) Hauer SSP2

• Today (2025): 14,692 people
• By 2030: 14,209 · -3.3%
• By 2040: 13,197 · -10.2%
• By 2050: 12,160 · -17.2%
• By 2075: 9,745 · -33.7%
• By 2100: 7,314 · -50.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2% Asian 1%
• Common ancestry: Slovak 2% Iranian 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 92% English-only · German/W. Germanic 7% Other Indo-European 1%

Political lean MEDSL · Macon

• 2024 margin: Solid R (+61.5) · D 18.9% · R 80.4%
• 2008→2024 swing: -37.4pp toward R · 2008: -24.1pp · 2024: -61.5pp
• All cycles: 2024: R+61.5 2020: R+56.3 2016: R+56.4 2012: R+33.4 2008: R+24.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+434.8% since first listed

15 events — show timeline

• 2026-05-27 Listed $159,900 FSBO.com
• 2024-11-13 Sold (Public Records) — Public Records
• 2024-11-12 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2024-11-12 Sold (MLS) — NECAR
• 2024-10-15 Pending — NECAR
• 2024-10-15 Pending — MARIS as Distributed by MLS Grid
• 2024-10-03 Price Changed $149,000 NECAR
• 2024-10-03 Price Changed $149,000 MARIS as Distributed by MLS Grid
• 2024-09-02 Listed $172,999 MARIS as Distributed by MLS Grid
• 2024-09-02 Listed $172,999 NECAR
• 2015-10-19 Sold (Public Records) — Public Records
• 2015-10-16 Sold (MLS) — NECAR
• 2015-08-03 Listed $27,500 NECAR
• 2015-01-28 Sold (MLS) — NECAR
• 2014-03-27 Listed $29,900 NECAR

Property tax history

-0.3%/yr

Latest (2025): $632 · +15.1% YoY. Source: county tax records.