2403 W Lynn St · Springfield, MO 65802

$100,000

2 bd · 1.0 ba · 696 sqft · SingleFamily public records · 35 Days on market

Built 1951 7,841 sqft lot $144/sqft · 11% below area Est $113k · 11% under

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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 +19.0/30.0
• ARV discount +12.6/15.0
• DSCR +6.0/10.0
• 1% rule +3.9/10.0
• 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

As-is sale -- priced for investors. Currently tenant occupied at $1,000/month. Zoned R-MX1, permitting duplexes, townhomes, and small multi-unit housing -- strong value-add potential for investors looking to maximize density. Located in an established Springfield neighborhood near Zagonyi Park and within close proximity to Walmart Neighborhood Market on W Mt. Vernon St.

Key facts

• Near zagonyi park
• Zoned r-mx1
• 7,841 sq ft lot

Tags

• ZONED R-MX1
• NEAR ZAGONYI PARK

Property features AI

Finance

• Other: Lot approximately 0.18 acre
• Financial info: Tax information provided but excluded
• HOA & community: HOA details not specified

Exterior

• Parking: Parking details not specified
• Security: Security details not specified
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; One story
• Construction: Construction details not specified
• Exterior features: Located in the Beverly Hills subdivision

Interior

• Kitchen: Appliances not specified
• Bedrooms: Bedrooms not specified
• Flooring: Flooring details not specified
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Natural gas heating; Forced air heating
• 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 $100k.

Deal economics

• At list price, monthly cash flow is $103 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $89k (10.9% below list).
• Recommended offer: $89k (10.9% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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: Central High (math 42% / reading 62%, grade D+, #92 of 521 statewide, top 20%, 1,464 students, 51% FRL) — zoned schools at 51% FRL track the district average.
• Zoned-school proficiency averages 52% at this address vs 39% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Springfield R-XII average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+4.8%/yr); 512 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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 $691 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.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $89,072 (10.9% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.89% ✗
• Cap rate: 7.53%
• Cash-on-cash: 4.43%
• DSCR: 1.20
• GRM: 9.4

CMA / ARV

• ARV (median comp): $112,890
• List price: $100,000
• Delta: -11.42%
• 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
2435 W Calhoun St	0.12mi	2/1.0	700 (+1%)	3mo	$140,000	$200	91
1122 N Brown Ave	0.25mi	2/1.0	704 (+1%)	6mo	$115,000	$163	81
1030 N Warren Ave	0.33mi	2/1.0	700 (+1%)	7mo	$95,000	$136	78
1200 N Ethyl Ave	0.30mi	2/1.0	728 (+5%)	8mo	$69,900	$96	72
1836 W Hovey St	0.50mi	2/1.0	672 (-3%)	3mo	$50,000	$74	69
1024 N Fulbright Ave	0.42mi	2/1.0	672 (-3%)	10mo	$115,000	$171	66
1635 W Lynn St	0.62mi	2/1.0	732 (+5%)	1mo	$115,000	$157	61
810 N West Ave	0.47mi	2/1.0	768 (+10%)	3mo	$119,000	$155	59
1641 N Drury Ave	0.69mi	2/1.0	672 (-3%)	9mo	$105,000	$156	55
906 N Brown Ave	0.43mi	2/1.0	796 (+14%)	3mo	$140,000	$176	54
1016 N Wabash Ave	0.56mi	2/1.0	630 (-10%)	9mo	$89,900	$143	50
612 N Park Ave	0.70mi	2/1.0	624 (-10%)	4mo	$89,900	$144	46

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: -7.6%
• Equity multiple: 0.71×
• Total profit: $-7,999
• Equity at exit: $14,910

10-year hold

• IRR: 3.9%
• Equity multiple: 1.30×
• Total profit: $8,417
• Equity at exit: $8,646

Cash invested: $28,000 (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 65802

• Home prices YoY: -31.9%
• Rents YoY: 4.8%
• Active inventory: 512
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $891 high
• Mortgage (P&I): −$524
• Tax from tax record: −$34 /mo · $410/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $103

Break-even live

Break-even rent $760

Max offer price $100,000

Occupancy floor 83%

Sensitivity live

Price	-10% $160	-5% $132	+0% $103	+5% $75	+10% $47
Rent	-10% $33	-5% $68	+0% $103	+5% $139	+10% $174
Rate	-1.0pp $154	-0.5pp $129	base $103	+0.5pp $78	+1.0pp $51

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2712 W Nichols St Springfield, MO	2.0	1.0	619	$795	$1.28	44d	1	0.49mi
522 N Park Ave Springfield, MO	1.0	1.0	608	$950	$1.56	44d	1	0.72mi
916 N Kansas Expy Springfield, MO	1.0	1.0	573	$595	$1.04	44d	1	0.79mi
2115 N Grace Ave Springfield, MO	2.0	1.0	650	$850	$1.31	44d	1	0.87mi
1126 W Hamilton St Springfield, MO	2.0	1.0	648	$895	$1.38	24d	1	1.00mi
2711 W Olive St Springfield, MO	1.0	1.0	621	$750	$1.21	24d	1	1.03mi
1740 W Olive St Springfield, MO	3.0	1.0	736	$1,195	$1.62	14d	1	1.10mi
1911 W Elm St Springfield, MO	2.0	1.0	580	$875	$1.51	44d	1	1.25mi
520 S Scenic Ave Unit 101-A Springfield, MO	1.0	1.0	550	$650	$1.18	44d	1	1.28mi
813 W Poplar St Unit 813 Springfield, MO	2.0	1.0	560	$795	$1.42	14d	1	1.42mi

Listing history 20 events

1. 2026-06-18
   days on market $100,000 Active 35 DOM
2. 2026-06-17
   days on market $100,000 Active 34 DOM
3. 2026-06-16
   days on market $100,000 Active 33 DOM
4. 2026-06-15
   days on market $100,000 Active 32 DOM
5. 2026-06-14
   days on market $100,000 Active 30 DOM
6. 2026-06-10
   days on market $100,000 Active 27 DOM
7. 2026-06-09
   days on market $100,000 Active 26 DOM
8. 2026-06-08
   days on market $100,000 Active 25 DOM
9. 2026-06-07
   days on market $100,000 Active 24 DOM
10. 2026-06-03
    days on market $100,000 Active 20 DOM
11. 2026-06-02
    days on market $100,000 Active 19 DOM
12. 2026-06-01
    days on market $100,000 Active 18 DOM
13. 2026-05-31
    days on market $100,000 Active 17 DOM
14. 2026-05-30
    days on market $100,000 Active 16 DOM
15. 2026-05-14
    listed $100,000 Active 372-char remark
16. 2025-03-01
    historical $895
17. 2024-11-01
    price $895
18. 2024-10-31
    listed $795
19. 2017-07-19
    listed $59,900
20. 2007-11-21
    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: $410 · $34/mo
• Projected year-2 tax: $970 · $81/mo
• Expected delta: +$560/yr (+$47/mo · 136.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,689
• − Mortgage interest: −$5,602
• − Property taxes: −$410
• − Insurance: −$500
• − Repairs & maintenance: −$855
• − Management: −$855
• − Depreciation: −$2,909
• Taxable loss: −$442
• Est. tax savings @ 24.0%: +$106
• After-tax cash flow: $1,347/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

+66.9% since first listed

6 events — show timeline

• 2026-05-14 Listed $100,000 SOMO
• 2025-03-01 Rental Removed $895 APPFOLIO
• 2024-11-01 Price Changed $895 APPFOLIO
• 2024-10-31 Listed for Rent $795 APPFOLIO
• 2017-07-19 Listed $59,900 SOMO
• 2007-11-21 Sold (Public Records) — Public Records

Property tax history

+1.4%/yr

Latest (2025): $410 · +16.0% YoY. Source: county tax records.