11217 Palmer Ave · Kansas City, MO 64134

$119,900

3 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 18 Days on market

Built 1954 8,276 sqft lot $114/sqft · 21% below area Est $152k · 21% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Rent growth +4.2/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is completely rehabbed and will be rented soon!! This four bedroom has beautiful hardwood floors, ceramic tiles in the huge kitchen, the bathrooms has been updated with tiles and fixtures. Full unfinished basement. Nice yard and more! All the work is done for any investor!! Investors dream come true! The rent amount will be $750.00!! All the work is done!! Cash offers must provide proof of funds!! Seller is very motivated!! Serious buyers only !!

Key facts

• Easy highway access
• Fully fenced yard
• Back patio

Tags

• BACK PATIO
• FULLY FENCED YARD
• EASY HIGHWAY ACCESS

Property features AI

Finance

• Other: City lot; Not in a flood plain
• HOA & community: No association fees

Exterior

• Parking: Covered parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; Ranch floor plan; Residential property
• Construction: Wood siding and other construction materials; Composition roof; Slab foundation; Built approximately 76–100 years ago
• Exterior features: Front porch

Interior

• Kitchen: Dishwasher; Refrigerator; Gas range
• Bedrooms: 4 bedrooms (all on the first level)
• Flooring: Carpet; Other
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $486 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $118k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 3.9% in Kansas City — 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 78/100 on livability (#28 in MO, #2,671 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F.
• Hickman Mills C-1 (urban): math 8% / reading 18% proficiency, ranked #314 of 324 in MO (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.7%/yr); 143 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 4,002 units permitted in Jackson County in 2024 (2,271 in 5+ unit buildings).
• This rent runs 33% of the median local income ($58k/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 $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Jackson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.7% rent growth), your $34k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,101 (1.5% below list)

Questions for the listing agent

1. Built in 1954 — 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: 1.32% ✓
• Cap rate: 11.16%
• Cash-on-cash: 17.38%
• DSCR: 1.77
• GRM: 6.3

CMA / ARV

• ARV (median comp): $152,472
• List price: $119,900
• Delta: -21.36%
• 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
11309 Marsh Ave	0.23mi	3/2.0	1,016 (-4%)	1mo	$139,950	$138	78
8601 E 114th Ter	0.42mi	3/1.0	1,036 (-2%)	0mo	$144,500	$139	77
11346 Sycamore Ter	0.09mi	3/1.0	912 (-14%)	0mo	$139,900	$153	73
11504 Manchester Ave	0.30mi	3/2.0	1,126 (+7%)	1mo	$174,900	$155	70
11318 Marsh St	0.21mi	3/1.0	912 (-14%)	0mo	$125,000	$137	67
8201 E 110th St	0.44mi	3/1.0	960 (-9%)	1mo	$153,700	$160	64
7709 E 113th St	0.20mi	4/2.0 (+1)	1,176 (+11%)	2mo	$191,500	$163	61
11220 Corrington Ave	0.35mi	3/1.0	912 (-14%)	2mo	$150,000	$164	60
11115 Winchester Ave	0.52mi	3/1.0	1,176 (+11%)	1mo	$154,900	$132	56
7402 E 109th St	0.62mi	3/1.0	960 (-9%)	0mo	$139,900	$146	55
7119 E 111th Ter	0.44mi	3/1.0	912 (-14%)	2mo	$160,000	$175	55
10809 Bristol Ter	0.65mi	3/1.0	1,176 (+11%)	2mo	$179,500	$153	49

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 · 6.73% rent growth · sell at horizon

5-year hold

• IRR: 12.7%
• Equity multiple: 1.53×
• Total profit: $17,677
• Equity at exit: $17,877

10-year hold

• IRR: 24.2%
• Equity multiple: 3.46×
• Total profit: $82,476
• Equity at exit: $10,367

Cash invested: $33,572 (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 64134

• Rents YoY: 6.7%
• Active inventory: 143
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,581 high
• Mortgage (P&I): −$629
• Tax from tax record: −$84 /mo · $1,007/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $486

Break-even live

Break-even rent $965

Max offer price $119,900

Occupancy floor 64%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11210 Manchester Ave Kansas City, MO	4.0	1.0	1200	$1,395	$1.16	23d	1	0.06mi
11354 Sycamore Ter Kansas City, MO	4.0	1.0	1176	$1,850	$1.57	1d	1	0.06mi
11410 Palmer Ave Kansas City, MO	4.0	2.0	936	$1,300	$1.39	43d	1	0.15mi
11406 Sycamore Ter Kansas City, MO	3.0	1.0	912	$1,450	$1.59	16d	1	0.16mi
11421 Manchester Ave Kansas City, MO	4.0	1.0	1176	$1,550	$1.32	3d	1	0.21mi
11208 Marsh Ave Kansas City, MO	3.0	1.0	912	$1,395	$1.53	2d	1	0.22mi
7610 E 113th St Kansas City, MO	4.0	2.0	1176	$1,700	$1.45	43d	1	0.24mi
7801 E 113th St Kansas City, MO	3.0	1.0	1341	$1,450	$1.08	16d	1	0.24mi
11316 Donnelly Ave Kansas City, MO	3.0	1.0	1000	$1,475	$1.48	43d	1	0.24mi
8410 Ruskin Way Kansas City, MO	4.0	1.0	1176	$1,850	$1.57	16d	1	0.31mi
11206 Corrington Ave Kansas City, MO	4.0	1.5	1176	$1,595	$1.36	23d	1	0.33mi
8310 E 111th Ter Kansas City, MO	3.0	1.0	912	$950	$1.04	16d	1	0.34mi
11513 Richmond Ave Kansas City, MO	3.0	1.5	1114	$1,450	$1.30	14d	1	0.34mi
11116 Bristol Ter Kansas City, MO	3.0	1.0	956	$1,390	$1.45	23d	1	0.35mi
7405 E 112th St Kansas City, MO	4.0	1.0	936	$1,850	$1.98	43d	1	0.38mi
8304 E 110 Ter Kansas City, MO	3.0	1.0	912	$1,450	$1.59	43d	1	0.44mi
7305 E 111th Ter Kansas City, MO	4.0	1.0	1100	$1,345	$1.22	14d	1	0.44mi
11316 Lewis Ave Unit 1 Kansas City, MO	4.0	2.0	1176	$1,850	$1.57	1d	1	0.46mi
8517 E 110th Ter Kansas City, MO	3.0	2.0	1095	$1,450	$1.32	43d	1	0.46mi
7119 E 111th Ter Kansas City, MO	3.0	1.0	912	$1,349	$1.48	43d	1	0.47mi
7605 E 111th Ter Kansas City, MO	3.0	1.0	1176	$1,050	$0.89	1d	1	0.47mi
7114 E 112th St Kansas City, MO	4.0	1.0	936	$1,850	$1.98	23d	1	0.47mi
7800 E 112th St Kansas City, MO	3.0	1.0	900	$1,600	$1.78	23d	1	0.49mi
7415 E 110th St Kansas City, MO	3.0	1.0	1176	$1,385	$1.18	1d	1	0.50mi
11308 McKinley Ave Kansas City, MO	3.0	1.0	1272	$1,345	$1.06	23d	1	0.51mi
7104 Longview Rd Kansas City, MO	3.0	1.0	912	$1,275	$1.40	14d	1	0.52mi
11407 Winchester Ave Kansas City, MO	3.0	1.0	936	$1,360	$1.45	2d	1	0.56mi
6905 E 112th St Kansas City, MO	3.0	1.0	972	$1,550	$1.59	43d	1	0.57mi
8600 E 110th St Kansas City, MO	4.0	2.0	1290	$1,602	$1.24	16d	1	0.58mi
11127 Blue Ridge Blvd Kansas City, MO	3.0	1.0	1000	$1,599	$1.60	43d	1	0.59mi
6904 Longview Rd Kansas City, MO	4.0	1.0	900	$1,850	$2.06	1d	1	0.64mi
8006 E 118th Ter Kansas City, MO	3.0	1.5	1132	$1,450	$1.28	20d	1	0.68mi
10719 Bristol Ter Kansas City, MO	3.0	2.0	1096	$1,456	$1.33	23d	1	0.72mi
8622 E 108th Ter Kansas City, MO	3.0	1.0	993	$1,995	$2.01	3d	1	0.76mi
11009 Ewing Ave Kansas City, MO	4.0	1.0	1416	$1,595	$1.13	43d	1	0.79mi
11803 Holiday Dr #5 Kansas City, MO	1.0–3.0	1.0	1016	$1,130	$1.11	1d	1	0.80mi
10919 Ewing Ave Kansas City, MO	3.0	1.0	840	$1,850	$2.20	3d	1	0.82mi
11923 Manchester Ave Grandview, MO	3.0	2.0	1407	$1,815	$1.29	43d	1	0.83mi
11934 Sycamore Ave Grandview, MO	3.0	2.0	1414	$1,806	$1.28	43d	1	0.87mi
10607 Richmond Ave Kansas City, MO	3.0	1.0	912	$1,499	$1.64	16d	1	0.95mi

Listing history 12 events

1. 2026-06-02
   statusdays on market $119,900 Pending 18 DOM
2. 2026-06-01
   days on market $119,900 Active 17 DOM
3. 2026-05-31
   days on market $119,900 Active 16 DOM
4. 2026-05-15
   listed $119,900 Active 504-char remark
5. 2023-12-19
   historical
6. 2023-11-30
   price $109,900
7. 2023-11-04
   listed $114,900 Active
8. 2022-04-27
   price $1,050
9. 2013-10-08
   soldstatus
10. 2013-08-05
    listed $59,000

    Show marketing remark (462 chars)

    This home is completely rehabbed and will be rented soon!! This four bedroom has beautiful hardwood floors, ceramic tiles in the huge kitchen, the bathrooms has been updated with tiles and fixtures. Full unfinished basement. Nice yard and more! All the work is done for any investor!! Investors dream come true! The rent amount will be $750.00!! All the work is done!! Cash offers must provide proof of funds!! Seller is very motivated!! Serious buyers only !!

11. 2013-02-27
    soldstatus
12. 1954-07-08
    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: $1,007 · $84/mo
• Projected year-2 tax: $1,163 · $97/mo
• Expected delta: +$156/yr (+$13/mo · 15.5%)

ⓘ 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 4/10 Moderate 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,970
• − Mortgage interest: −$6,716
• − Property taxes: −$1,007
• − Insurance: −$600
• − Repairs & maintenance: −$1,518
• − Management: −$1,518
• − Depreciation: −$3,488
• Taxable income: $4,124
• Est. tax owed @ 24.0%: −$990
• After-tax cash flow: $4,845/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: Hickman Mills C-1
• NCES district ID: 2914340
• Math proficiency: 8% ▼ -8.00%
• Reading proficiency: 18% ▼ -4.00%
• Median HH income: $40,908
• Composite: 11.2/100
• National rank: #9725
• State rank: #314 of 324 in MO

Livability — Kansas City

• Score: 78/100
• State rank: #28
• US rank: #2671

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kansas City, MO
• County: Jackson County · 687,798 people
• City population: 439,467
• Metro: Kansas City, MO-KS
• Population (ZIP): 22,964
• Household income: $58,170
• Rent vs Own: 47.4% rent · 52.6% own
• Severe rent burden: 718.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 719,589 people
• By 2030: 731,456 · +1.6%
• By 2040: 746,689 · +3.8%
• By 2050: 749,289 · +4.1%
• By 2075: 736,227 · +2.3%
• By 2100: 668,210 · -7.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 58% White 28% Hispanic / Latino 10% Two or more races 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 2% Lithuanian 1% Romanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% Arabic 1%

Political lean MEDSL · Jackson

• 2024 margin: D (+19.3) · D 58.9% · R 39.5% · Other 1.6%
• 2008→2024 swing: -6.1pp toward R · 2008: 25.4pp · 2024: 19.3pp
• All cycles: 2024: D+19.3 2020: D+22.0 2016: D+16.6 2012: D+19.0 2008: D+25.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -157.94%
• Current HPI: 277.895
• Rent YoY: ▲ 6.73%
• Metro: Kansas City, MO-KS
• 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

+103.2% since first listed

10 events — show timeline

• 2026-06-02 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-05-15 Listed $119,900 Heartland MLS as Distributed by MLS Grid
• 2023-12-19 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2023-11-30 Price Changed $109,900 Heartland MLS as Distributed by MLS Grid
• 2023-11-04 Listed $114,900 Heartland MLS as Distributed by MLS Grid
• 2022-04-27 Price Changed $1,050 RENT.
• 2013-10-08 Sold (Public Records) — Public Records
• 2013-08-05 Listed $59,000 Heartland MLS as Distributed by MLS Grid
• 2013-02-27 Sold (Public Records) — Public Records
• 1954-07-08 Sold (Public Records) — Public Records

Property tax history

+14.0%/yr

Latest (2025): $1,007 · -13.9% YoY. Source: county tax records.