1208 N Fulbright Ave · Springfield, MO 65802

$56,500

2 bd · 1.0 ba · 666 sqft · SingleFamily public records · 12 Days on market

Built 1940 7,841 sqft lot $85/sqft · 38% below area

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investment opportunity in Springfield, Missouri! This 1,116 square foot, 2 bedroom, 1 bathroom home is ready for your vision and renovation ideas. Interior tear-out has already been completed, giving investors, flippers, or landlords a true blank slate to finish the remodel exactly the way they want. With solid potential and room for customization, this property could make an excellent rental, flip, or long-term investment. The property also features a large 36x24 barn/workshop/storage building, offering plenty of space for tools, equipment, hobbies, or additional storage needs. Whether you are looking to expand your investment portfolio or tackle your next project, this property offers end

Key facts

• Storage building
• Workshop
• Large barn

Tags

• LARGE BARN
• WORKSHOP
• STORAGE BUILDING

Property features AI

Finance

• Other: Property size: 1,116 above-grade finished area
• Financial info: Tax information not included per instructions
• HOA & community: HOA information not specified

Exterior

• Parking: Attached or detached garage not specified, includes 2 garage spaces
• Security: Security features not specified
• Utilities: Public water service; Public sewer service
• Home design: Single-family residence; Residential property; Single-story home; Entry level not specified; Facing direction not specified
• Construction: Built year not specified; Construction materials not specified; Roof details not specified; Foundation details not specified
• Exterior features: Public water; Public sewer; Lot in West Hill subdivision

Interior

• Kitchen: Kitchen details not specified
• Bedrooms: Bedrooms not specified
• Flooring: Flooring details not specified
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating system specified; No cooling system specified
• Interior features: One level layout
• Laundry & utility: Laundry details not specified

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $56k.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($910 rent vs $56k).
• Cap rate 13.9% 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: Bissett Elem. (math 22% / reading 27%, grade F, #879 of 1,115 statewide, top 81%, 215 students, 86% FRL); Central High (math 42% / reading 62%, grade D+, #92 of 521 statewide, top 20%, 1,464 students, 51% FRL) — zoned schools average 68% FRL vs 46% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.8%/yr); 512 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $391 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 4.8% rent growth), your $16k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 1940 — 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 $56,500

Questions for the listing agent

1. Built in 1940 — 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. 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: 1.61% ✓
• Cap rate: 13.92%
• Cash-on-cash: 27.23%
• DSCR: 2.21
• GRM: 5.2

CMA / ARV

• ARV (median comp): $153,384
• List price: $56,500
• Delta: -63.16%
• 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
1024 N Fulbright Ave	0.13mi	2/1.0	672 (+1%)	10mo	$115,000	$171	84
2435 W Calhoun St	0.26mi	2/1.0	700 (+5%)	3mo	$140,000	$200	77
1122 N Brown Ave	0.19mi	2/1.0	704 (+6%)	6mo	$115,000	$163	76
1200 N Ethyl Ave	0.07mi	2/1.0	728 (+9%)	8mo	$69,900	$96	75
1216 N West Ave	0.25mi	2/1.0	720 (+8%)	12mo	$95,000	$132	65
1030 N Warren Ave	0.45mi	2/1.0	700 (+5%)	7mo	$95,000	$136	64
1641 N Drury Ave	0.60mi	2/1.0	672 (+1%)	9mo	$105,000	$156	63
1426 N Ethyl Ave	0.23mi	2/1.0	732 (+10%)	17mo	$52,000	$71	58
1201 N Park Ave	0.47mi	1/1.0 (-1)	675 (+1%)	15mo	$124,990	$185	58
612 N Park Ave	0.70mi	2/1.0	624 (-6%)	4mo	$89,900	$144	53
1537 N Colgate Ave	0.60mi	2/1.0	600 (-10%)	7mo	$44,200	$74	49
3045 W Lynn St	0.50mi	3/1.0 (+1)	760 (+14%)	15mo	$139,500	$184	35

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 · 4.82% rent growth · sell at horizon

5-year hold

• IRR: 23.2%
• Equity multiple: 1.97×
• Total profit: $15,400
• Equity at exit: $8,424

10-year hold

• IRR: 32.2%
• Equity multiple: 4.16×
• Total profit: $50,054
• Equity at exit: $4,885

Cash invested: $15,820 (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 65802

• Home prices YoY: -31.9%
• Rents YoY: 4.8%
• Active inventory: 512
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $910 high
• Mortgage (P&I): −$296
• Tax from tax record: −$40 /mo · $479/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $359

Break-even live

Break-even rent $455

Max offer price $56,500

Occupancy floor 56%

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: $14,125
• Closing costs: $1,695
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2712 W Nichols St Springfield, MO	2.0	1.0	619	$795	$1.28	43d	1	0.20mi
522 N Park Ave Springfield, MO	1.0	1.0	608	$950	$1.56	43d	1	0.75mi
2711 W Olive St Springfield, MO	1.0	1.0	621	$750	$1.21	23d	1	0.82mi
916 N Kansas Expy Springfield, MO	1.0	1.0	573	$595	$1.04	43d	1	1.05mi
2115 N Grace Ave Springfield, MO	2.0	1.0	650	$850	$1.31	43d	1	1.07mi
520 S Scenic Ave Unit 101-A Springfield, MO	1.0	1.0	550	$650	$1.18	43d	1	1.09mi
1740 W Olive St Springfield, MO	3.0	1.0	736	$1,195	$1.62	13d	1	1.17mi
1911 W Elm St Springfield, MO	2.0	1.0	580	$875	$1.51	43d	1	1.26mi
1126 W Hamilton St Springfield, MO	2.0	1.0	648	$895	$1.38	23d	1	1.33mi

Listing history 6 events

1. 2026-05-12
   listed $56,500 Active 797-char remark
2. 2025-12-09
   soldstatus
3. 2025-12-06
   soldstatus Closed
4. 2025-11-20
   status Pending
5. 2025-11-17
   listed $44,900 Active
6. 2004-04-13
   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: $479 · $40/mo
• Projected year-2 tax: $548 · $46/mo
• Expected delta: +$69/yr (+$6/mo · 14.5%)

ⓘ 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 ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,917
• − Mortgage interest: −$3,165
• − Property taxes: −$479
• − Insurance: −$282
• − Repairs & maintenance: −$873
• − Management: −$873
• − Depreciation: −$1,644
• Taxable income: $3,601
• Est. tax owed @ 24.0%: −$864
• After-tax cash flow: $3,444/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): 46,739
• Household income: $55,019
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 1818.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 8% Hispanic / Latino 5% Black 4% Asian 2%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 2% Vietnamese 1% Other Indo-European 1%

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: ▼ -99.72%
• Current HPI: 212.9826
• Rent YoY: ▲ 4.82%
• 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

+25.8% since first listed

8 events — show timeline

• 2026-06-10 Sold (MLS) — SOMO
• 2026-05-24 Pending — SOMO
• 2026-05-12 Listed $56,500 SOMO
• 2025-12-09 Sold (Public Records) — Public Records
• 2025-12-06 Sold (MLS) — SOMO
• 2025-11-20 Pending — SOMO
• 2025-11-17 Listed $44,900 SOMO
• 2004-04-13 Sold (Public Records) — Public Records

Property tax history

-1.4%/yr

Latest (2025): $479 · +13.7% YoY. Source: county tax records.