2 Burlington at Elkhorn Rdg · Truesdale, MO 63380

$254,900

3 bd · 2.0 ba · 1,719 sqft · SingleFamily · 364 Days on market

$148/sqft · 19% below area Est $316k · 19% under

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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).

• ARV discount +15.0/15.0
• Cash flow +6.5/30.0
• Appreciation +6.2/10.0
• Schools +3.3/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +0.7/10.0

Listing remarks MLS

Pre-Construction. To Be Built Home ready to personalize into your dream home! LIST PRICE and PHOTOS are for 3BR, 2BA Burlington Two Story. Perfect cottage home for young professionals or those looking to downsize! Pricing will vary depending on various interior/exterior selections. This home features an open floorplan with wonderful living room that flows to the kitchen and dining area. Plenty of cabinetry, plus optional breakfast bar for additional seating. The master suite includes a large walk in closet and private bathroom. The Burlington includes 2 car garage, soffits & fascia and much more! Additional choices include 2 bedroom plan, 2nd floor laundry, luxury master bath, and bay windows. Elkhorn Ridge, located off Hwy 47 and Veterans Memorial, is a master planned community featuring 190 homesites in a great location just minutes from I-70. Display photos shown.

Key facts

• Open floorplan
• Great location
• Walk in closet

Tags

• OPEN FLOORPLAN
• WALK IN CLOSET
• PRIVATE BATHROOM
• 2 CAR GARAGE
• MASTER PLANNED COMMUNITY
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $-435 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $192k (24.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $168k (34.1% below list).
• Recommended offer: $168k (34.1% below list) — sets the bar for 1% rule.
• Cap rate 4.2% vs local median 3.0% in Truesdale — 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 54/100 on livability (#785 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Warren County R-III (town): math 30% / reading 46% proficiency, ranked #172 of 324 in MO (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 85 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 424 units permitted in Warren County in 2024 (126 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($2k loan paydown + $6k appreciation (2.4% local appreciation)).
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 364 days — a 12% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask is 4% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $167,890 (34.1% 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. It's been on market 364 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 4.24%
• Cash-on-cash: -7.32%
• DSCR: 0.67
• GRM: 12.7

CMA / ARV

• ARV (median comp): $315,986
• List price: $254,900
• Delta: -19.33%
• 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
726 Courtshire Xing	0.12mi	3/2.5	1,719 (0%)	1mo	$299,900	$174	92
701 Courtshire Xing	0.11mi	3/2.0	1,719 (0%)	8mo	$319,668	$186	88
858 Woodbridge Way	0.15mi	3/2.5	1,728 (+0%)	8mo	$340,589	$197	84
859 Woodbridge Way	0.16mi	3/2.5	1,719 (0%)	8mo	$331,494	$193	84
853 Woodbridge Way	0.18mi	3/2.5	1,719 (0%)	9mo	$320,445	$186	82
190 Cynthia Dr	0.16mi	3/2.0	1,663 (-3%)	9mo	$371,900	$224	80
198 Cynthia Dr	0.15mi	3/2.0	1,584 (-8%)	4mo	$331,900	$210	77
342 Cumberland Ct	0.06mi	3/2.0	1,539 (-10%)	6mo	$319,900	$208	75
405 Sandra Dr	0.22mi	3/3.0	1,610 (-6%)	4mo	$335,000	$208	72
388 Cumberland Ct	0.16mi	3/2.0	1,498 (-13%)	8mo	$325,900	$218	65
547 Austin Dr	0.54mi	3/2.0	1,571 (-9%)	2mo	$325,000	$207	59
531 Austin Dr	0.45mi	3/3.0	1,565 (-9%)	8mo	$325,000	$208	54

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.38% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.3%
• Equity multiple: 0.93×
• Total profit: $-5,248
• Equity at exit: $105,827

10-year hold

• IRR: 3.0%
• Equity multiple: 1.43×
• Total profit: $30,779
• Equity at exit: $156,563

Cash invested: $71,372 (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 63380

• Home prices YoY: 1.9%
• Active inventory: 85
• Price-to-rent: 12.7×

Monthly cashflow live

• Estimated rent: $1,679 medium
• Mortgage (P&I): −$1,337
• Tax est. 1.5%: −$319 /mo · $3,824/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $-435

Break-even live

Break-even rent $2,230

Max offer price $191,922

Occupancy floor —

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: $63,725
• Closing costs: $7,647
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16901 Cattail Bottoms Dr Warrenton, MO	1.0–3.0	1.0–2.0	1301	$1,795	$1.38	1d	7	1.07mi
1060 Arlington Way Warrenton, MO	2.0	2.5	1152	$1,495	$1.30	14d	1	1.50mi

Listing history 20 events

1. 2026-06-03
   days on market $254,900 Active 364 DOM
2. 2026-06-02
   days on market $254,900 Active 363 DOM
3. 2026-06-01
   days on market $254,900 Active 362 DOM
4. 2026-05-31
   days on market $254,900 Active 361 DOM
5. 2026-03-31
   price $254,900 883-char remark

   Show marketing remark (883 chars)

   Pre-Construction. To Be Built Home ready to personalize into your dream home! LIST PRICE and PHOTOS are for 3BR, 2BA Burlington Two Story. Perfect cottage home for young professionals or those looking to downsize! Pricing will vary depending on various interior/exterior selections. This home features an open floorplan with wonderful living room that flows to the kitchen and dining area. Plenty of cabinetry, plus optional breakfast bar for additional seating. The master suite includes a large walk in closet and private bathroom. The Burlington includes 2 car garage, soffits & fascia and much more! Additional choices include 2 bedroom plan, 2nd floor laundry, luxury master bath, and bay windows. Elkhorn Ridge, located off Hwy 47 and Veterans Memorial, is a master planned community featuring 190 homesites in a great location just minutes from I-70. Display photos shown.

6. 2026-02-27
   price $252,900 883-char remark

   Show marketing remark (883 chars)

   Pre-Construction. To Be Built Home ready to personalize into your dream home! LIST PRICE and PHOTOS are for 3BR, 2BA Burlington Two Story. Perfect cottage home for young professionals or those looking to downsize! Pricing will vary depending on various interior/exterior selections. This home features an open floorplan with wonderful living room that flows to the kitchen and dining area. Plenty of cabinetry, plus optional breakfast bar for additional seating. The master suite includes a large walk in closet and private bathroom. The Burlington includes 2 car garage, soffits & fascia and much more! Additional choices include 2 bedroom plan, 2nd floor laundry, luxury master bath, and bay windows. Elkhorn Ridge, located off Hwy 47 and Veterans Memorial, is a master planned community featuring 190 homesites in a great location just minutes from I-70. Display photos shown.

7. 2025-12-02
   price $249,900 883-char remark

   Show marketing remark (883 chars)

   Pre-Construction. To Be Built Home ready to personalize into your dream home! LIST PRICE and PHOTOS are for 3BR, 2BA Burlington Two Story. Perfect cottage home for young professionals or those looking to downsize! Pricing will vary depending on various interior/exterior selections. This home features an open floorplan with wonderful living room that flows to the kitchen and dining area. Plenty of cabinetry, plus optional breakfast bar for additional seating. The master suite includes a large walk in closet and private bathroom. The Burlington includes 2 car garage, soffits & fascia and much more! Additional choices include 2 bedroom plan, 2nd floor laundry, luxury master bath, and bay windows. Elkhorn Ridge, located off Hwy 47 and Veterans Memorial, is a master planned community featuring 190 homesites in a great location just minutes from I-70. Display photos shown.

8. 2025-08-29
   price $246,900 883-char remark

   Show marketing remark (883 chars)

   Pre-Construction. To Be Built Home ready to personalize into your dream home! LIST PRICE and PHOTOS are for 3BR, 2BA Burlington Two Story. Perfect cottage home for young professionals or those looking to downsize! Pricing will vary depending on various interior/exterior selections. This home features an open floorplan with wonderful living room that flows to the kitchen and dining area. Plenty of cabinetry, plus optional breakfast bar for additional seating. The master suite includes a large walk in closet and private bathroom. The Burlington includes 2 car garage, soffits & fascia and much more! Additional choices include 2 bedroom plan, 2nd floor laundry, luxury master bath, and bay windows. Elkhorn Ridge, located off Hwy 47 and Veterans Memorial, is a master planned community featuring 190 homesites in a great location just minutes from I-70. Display photos shown.

9. 2025-06-05
   listed $244,900 Active 883-char remark

   Show marketing remark (883 chars)

   Pre-Construction. To Be Built Home ready to personalize into your dream home! LIST PRICE and PHOTOS are for 3BR, 2BA Burlington Two Story. Perfect cottage home for young professionals or those looking to downsize! Pricing will vary depending on various interior/exterior selections. This home features an open floorplan with wonderful living room that flows to the kitchen and dining area. Plenty of cabinetry, plus optional breakfast bar for additional seating. The master suite includes a large walk in closet and private bathroom. The Burlington includes 2 car garage, soffits & fascia and much more! Additional choices include 2 bedroom plan, 2nd floor laundry, luxury master bath, and bay windows. Elkhorn Ridge, located off Hwy 47 and Veterans Memorial, is a master planned community featuring 190 homesites in a great location just minutes from I-70. Display photos shown.

10. 2025-04-10
    historical
11. 2025-01-03
    price $259,900
12. 2024-09-16
    price $254,900
13. 2024-07-01
    price $259,900
14. 2024-04-09
    listed $269,900 Active
15. 2024-04-05
    historical
16. 2024-03-25
    price $279,900
17. 2024-02-16
    price $269,900
18. 2024-01-23
    listed $239,900 Active
19. 2023-11-20
    historical
20. 2023-11-01
    listed $239,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $20,147
• − Mortgage interest: −$14,278
• − Property taxes: −$3,824
• − Insurance: −$1,274
• − Repairs & maintenance: −$1,612
• − Management: −$1,612
• − Depreciation: −$7,415
• Taxable loss: −$9,868
• Est. tax savings @ 24.0%: +$2,368
• After-tax cash flow: $-2,854/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: Warren County R-III
• NCES district ID: 2931050
• Math proficiency: 30% ▼ -12.00%
• Reading proficiency: 46% ▼ -4.00%
• Median HH income: $47,644
• Composite: 32.55/100
• National rank: #5690
• State rank: #172 of 324 in MO

Livability — Truesdale

• Score: 54/100
• State rank: #785
• US rank: #23955

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Truesdale, MO
• City population: 980
• Population (ZIP): 980

Population outlook (Warren County) Hauer SSP2

• Today (2025): 35,105 people
• By 2030: 35,605 · +1.4%
• By 2040: 36,047 · +2.7%
• By 2050: 35,479 · +1.1%
• By 2075: 33,325 · -5.1%
• By 2100: 28,282 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 6% Black 5% Hispanic / Latino 2%
• Common ancestry: Lithuanian 3% Estonian 3% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Other Indo-European 3% Spanish 1% French/Haitian/Cajun 1%

Political lean MEDSL · Warren

• 2024 margin: Solid R (+49.5) · D 24.7% · R 74.2% · Other 1.0%
• 2008→2024 swing: -36.9pp toward R · 2008: -12.6pp · 2024: -49.5pp
• All cycles: 2024: R+49.5 2020: R+46.0 2016: R+45.6 2012: R+26.8 2008: R+12.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.38%
• Current HPI: 126.7291
• 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

+6.3% since first listed

16 events — show timeline

• 2026-03-31 Price Changed $254,900 MARIS as Distributed by MLS Grid
• 2026-02-27 Price Changed $252,900 MARIS as Distributed by MLS Grid
• 2025-12-02 Price Changed $249,900 MARIS as Distributed by MLS Grid
• 2025-08-29 Price Changed $246,900 MARIS as Distributed by MLS Grid
• 2025-06-05 Listed $244,900 MARIS as Distributed by MLS Grid
• 2025-04-10 Delisted — MARIS as Distributed by MLS Grid
• 2025-01-03 Price Changed $259,900 MARIS as Distributed by MLS Grid
• 2024-09-16 Price Changed $254,900 MARIS as Distributed by MLS Grid
• 2024-07-01 Price Changed $259,900 MARIS as Distributed by MLS Grid
• 2024-04-09 Listed $269,900 MARIS as Distributed by MLS Grid
• 2024-04-05 Delisted — MARIS as Distributed by MLS Grid
• 2024-03-25 Price Changed $279,900 MARIS as Distributed by MLS Grid
• 2024-02-16 Price Changed $269,900 MARIS as Distributed by MLS Grid
• 2024-01-23 Listed $239,900 MARIS as Distributed by MLS Grid
• 2023-11-20 Delisted — MARIS as Distributed by MLS Grid
• 2023-11-01 Listed $239,900 MARIS as Distributed by MLS Grid