1403 E Mcclernon St · Springfield, MO 65803

$90,000

2 bd · 1.0 ba · 1,169 sqft · SingleFamily public records · 1 Days on market

Built 1955 0.64 ac lot

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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
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors, flippers, and buyers looking for a project with upside potential! The home is in need of repairs and updates but offers a solid starting point for someone with vision. Whether you're looking to restore its charm, create a rental property, or tackle your next renovation project, the possibilities are endless. Inside, you'll find a functional layout ready for your personal touches and improvements. Opportunities like this are becoming increasingly difficult to find within Springfield city limits. Whether you're searching for your next fix-and-flip, a long-term investment, or a property with room to grow, this one offers tremendous potential at an affordable price point. Bring your tools, your imagination, and your plans--this is your chance to transform a property with built-in value and endless possibilities. Call to schedule a showing today!

Key facts

• 0.64 acre lot
• Garage
• Built 1955

Property features AI

Finance

• Other: Lot approximately 0.96 acres

Exterior

• Parking: Detached garage with 1 parking space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories
• Construction: Vinyl siding
• Exterior features: Composition roof; Property includes a view

Interior

• Kitchen: Cooktop
• Bedrooms: Two-level home (bedroom locations not specified)
• Bathrooms: 1 full bathroom
• Heating & cooling: Wood heating; Wall unit cooling
• Interior features: Wall cooling units; Wood heating; Cooktop

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Cap rate 10.9% 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: Truman Elem. (math 32% / reading 47%, grade F, #537 of 1,115 statewide, top 53%, 255 students, 41% FRL); Pleasant View Middle (math 31% / reading 42%, grade F, #231 of 391 statewide, top 60%, 379 students, 56% FRL); Hillcrest High (math 9% / reading 35%, grade F, #462 of 521 statewide, top 90%, 1,017 students, 64% FRL).
• Market conditions: Rents rising fast (+4.2%/yr); 394 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $622 of loan paydown is wiped out by about $3k 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 + 4.2% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $35k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $90,000

Questions for the listing agent

1. Built in 1955 — 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: 1.31% ✓
• Cap rate: 10.93%
• Cash-on-cash: 16.57%
• DSCR: 1.74
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $192,885
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1310 E Bonaire Ct	0.32mi	3/1.5 (+1)	1,141 (-2%)	3mo	$184,900	$162	72
1039 E Caravan St	0.46mi	3/2.0 (+1)	1,172 (+0%)	1mo	$225,000	$192	68
1652 E Nora St	0.63mi	2/1.0	1,088 (-7%)	0mo	$185,000	$170	59
1103 E Smith St	0.38mi	3/2.0 (+1)	1,296 (+11%)	2mo	$240,000	$185	54
3330 N National Ave	0.33mi	3/2.0 (+1)	1,306 (+12%)	4mo	$228,000	$175	53
1112 E Evergreen St	0.51mi	3/1.5 (+1)	1,040 (-11%)	2mo	$169,000	$163	49
3144 N Pierce Ave	0.71mi	3/2.0 (+1)	1,124 (-4%)	4mo	$184,900	$165	49
1116 E Kerr St	0.59mi	3/2.0 (+1)	1,264 (+8%)	4mo	$225,000	$178	46
1917 E Smith St	0.58mi	3/2.0 (+1)	1,276 (+9%)	3mo	$204,000	$160	46
1658 E Nora St	0.62mi	3/1.0 (+1)	1,040 (-11%)	3mo	$114,900	$110	45
917 E Kerr St	0.74mi	3/1.0 (+1)	1,056 (-10%)	2mo	$164,900	$156	43
1553 E Nora St	0.54mi	3/2.0 (+1)	1,315 (+12%)	5mo	$189,999	$144	41

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 · 4.24% rent growth · sell at horizon

5-year hold

• IRR: 9.0%
• Equity multiple: 1.36×
• Total profit: $9,055
• Equity at exit: $13,419

10-year hold

• IRR: 19.2%
• Equity multiple: 2.69×
• Total profit: $42,650
• Equity at exit: $7,782

Cash invested: $25,200 (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 65803

• Home prices YoY: -29.8%
• Rents YoY: 4.2%
• Active inventory: 394
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,178 high
• Mortgage (P&I): −$472
• Tax from tax record: −$73 /mo · $874/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $348

Break-even live

Break-even rent $737

Max offer price $90,000

Occupancy floor 65%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3218 N National Ave Springfield, MO	3.0	2.0	1482	$1,495	$1.01	43d	1	0.27mi
3538 N Rogers Ave Springfield, MO	3.0	1.5	1232	$1,395	$1.13	23d	1	0.46mi
1034 E McCanse St Springfield, MO	3.0	1.0	910	$1,150	$1.26	23d	1	0.49mi
2940 N East Ave Springfield, MO	2.0	2.0	915	$700	$0.77	13d	1	0.59mi
STE Springfield, MO	3.0	2.0	1477	$1,600	$1.08	13d	2	0.74mi
2345 N Prospect Ave Springfield, MO	2.0	1.0	792	$850	$1.07	13d	1	1.05mi
2337 N Ramsey Ave Springfield, MO	2.0	1.0	882	$875	$0.99	13d	1	1.08mi
2313 N Rogers Ave Unit 1 Springfield, MO	2.0	2.0	882	$950	$1.08	13d	1	1.10mi
2337 N Delaware Ave Springfield, MO	2.0	1.0	876	$1,195	$1.36	43d	1	1.11mi
1447 E Oakwood Ln Springfield, MO	2.0	2.0	982	$1,395	$1.42	43d	1	1.13mi
2650 N Barnes Ave Apt C22 Springfield, MO	2.0	2.0	1100	$1,000	$0.91	43d	1	1.20mi
2221 N Weller Ave Springfield, MO	3.0	2.0	1215	$1,395	$1.15	13d	1	1.22mi
2264 E Nora St Springfield, MO	3.0	1.5	1366	$1,200	$0.88	13d	1	1.23mi
2650 N Barnes Ave Unit A 23 Springfield, MO	3.0	2.0	1200	$1,200	$1.00	43d	1	1.26mi
2234 N Travis Ave Springfield, MO	1.0	1.0	890	$750	$0.84	43d	1	1.27mi
2153 N National Ave Springfield, MO	3.0	1.0	1163	$1,195	$1.03	13d	1	1.31mi
2850 N Campbell Ave Apt S Springfield, MO	1.0	1.0	727	$750	$1.03	43d	1	1.35mi
2054 N Rogers Ave Springfield, MO	2.0	1.0	888	$925	$1.04	13d	1	1.40mi

Listing history 3 events

1. 2026-06-19
   pricelisting id $90,000 Active 1 DOM
2. 2026-06-17
   remarks 699-char remark

   Show marketing remark (876 chars)

   Calling all investors, flippers, and buyers looking for a project with upside potential! The home is in need of repairs and updates but offers a solid starting point for someone with vision. Whether you're looking to restore its charm, create a rental property, or tackle your next renovation project, the possibilities are endless. Inside, you'll find a functional layout ready for your personal touches and improvements. Opportunities like this are becoming increasingly difficult to find within Springfield city limits. Whether you're searching for your next fix-and-flip, a long-term investment, or a property with room to grow, this one offers tremendous potential at an affordable price point. Bring your tools, your imagination, and your plans--this is your chance to transform a property with built-in value and endless possibilities. Call to schedule a showing today!

3. 2026-06-17
   listed $125,000 Active 1 DOM

   Show marketing remark (876 chars)

   Calling all investors, flippers, and buyers looking for a project with upside potential! The home is in need of repairs and updates but offers a solid starting point for someone with vision. Whether you're looking to restore its charm, create a rental property, or tackle your next renovation project, the possibilities are endless. Inside, you'll find a functional layout ready for your personal touches and improvements. Opportunities like this are becoming increasingly difficult to find within Springfield city limits. Whether you're searching for your next fix-and-flip, a long-term investment, or a property with room to grow, this one offers tremendous potential at an affordable price point. Bring your tools, your imagination, and your plans--this is your chance to transform a property with built-in value and endless possibilities. Call to schedule a showing today!

ⓘ 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: $874 · $73/mo
• Projected year-2 tax: $874 · $73/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°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: $14,130
• − Mortgage interest: −$5,041
• − Property taxes: −$874
• − Insurance: −$450
• − Repairs & maintenance: −$1,130
• − Management: −$1,130
• − Depreciation: −$2,618
• Taxable income: $2,885
• Est. tax owed @ 24.0%: −$693
• After-tax cash flow: $3,482/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): 42,882
• Household income: $50,572
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1305.0

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 (82%)
• Race & ethnicity: White 82% Two or more races 9% Hispanic / Latino 6% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Italian 2% Iranian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -87.08%
• Current HPI: 205.0439
• Rent YoY: ▲ 4.24%
• 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

+38.9% since first listed

2 events — show timeline

• 2026-06-17 Listed $125,000 SOMO
• 2026-06-17 Listed $90,000 SOMO

Property tax history

+4.4%/yr

Latest (2025): $874 · +18.0% YoY. Source: county tax records.