3437 Keokuk St · St. Louis, MO 63118

$74,900

1 bd · 1.0 ba · 893 sqft · SingleFamily public records · 64 Days on market

Built 1906 3,175 sqft lot $84/sqft · 16% below area Est $89k · 16% 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 +27.8/30.0
• ARV discount +14.6/15.0
• DSCR +9.8/10.0
• 1% rule +6.8/10.0
• Rent growth +3.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming entry-level opportunity at 3437 Keokuk, perfect for a first-time buyer or investor looking for a low-maintenance addition to their portfolio. This 1-bedroom home has already passed municipal occupancy, making it truly move-in ready or rent-ready from day one. Efficient layout with functional living space, offering an affordable path to homeownership or strong rental potential in a high-demand area. Whether you’re looking to stop renting or add a cash-flowing property, this one checks the boxes with no upfront work needed. Property is being sold as-is. Must be end buyer—no wholesalers, or assignments will be accepted.

Key facts

• 3,175 sq ft lot
• Garage
• Built 1906

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($881 rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 5.0% in St. Louis — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• St. Louis City (urban): math 10% / reading 18% proficiency, ranked #312 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 240 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• St. Louis County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $21k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask is 5666% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1906 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.18% ✓
• Cap rate: 9.95%
• Cash-on-cash: 13.05%
• DSCR: 1.58
• GRM: 7.1

CMA / ARV

• ARV (median comp): $88,837
• List price: $74,900
• Delta: -15.69%
• 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
3618 Gasconade St	0.32mi	2/1.0 (+1)	850 (-5%)	2mo	$107,000	$126	70
3523-3527 Michigan Ave	0.50mi	1/1.0	915 (+2%)	8mo	$119,000	$130	66
3540 S Spring Ave	0.53mi	2/1.0 (+1)	870 (-3%)	4mo	$110,000	$126	62
3728 Minnesota Ave	0.39mi	1/1.0	986 (+10%)	8mo	$130,000	$132	58
3819 California Ave	0.57mi	2/1.0 (+1)	864 (-3%)	7mo	$55,000	$64	57
3615 Virginia Ave	0.35mi	2/1.0 (+1)	990 (+11%)	5mo	$90,000	$91	57
2719 Keokuk St	0.66mi	2/1.5 (+1)	836 (-6%)	5mo	$55,000	$66	47
4019 Meramec St	0.66mi	2/1.0 (+1)	967 (+8%)	4mo	$165,000	$171	47
3607 Oregon Ave	0.61mi	2/2.0 (+1)	838 (-6%)	7mo	$89,990	$107	46
4454 S Spring Ave	0.69mi	2/1.0 (+1)	816 (-9%)	4mo	$129,900	$159	45
4437 S 37th St	0.63mi	2/1.0 (+1)	1,007 (+13%)	2mo	$155,000	$154	43
3526 Bamberger Ave	0.59mi	2/1.0 (+1)	1,025 (+15%)	4mo	$168,000	$164	40

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 · 4.89% rent growth · sell at horizon

5-year hold

• IRR: 4.9%
• Equity multiple: 1.19×
• Total profit: $4,077
• Equity at exit: $11,168

10-year hold

• IRR: 15.9%
• Equity multiple: 2.40×
• Total profit: $29,464
• Equity at exit: $6,476

Cash invested: $20,972 (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 63118

• Rents YoY: 4.9%
• Active inventory: 240
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $881 high
• Mortgage (P&I): −$393
• Tax from tax record: −$44 /mo · $531/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$185
• Net cashflow: $228

Break-even live

Break-even rent $593

Max offer price $74,900

Occupancy floor 69%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3406 Keokuk St Unit 3406 St. Louis, MO	1.0	1.0	700	$800	$1.14	43d	1	0.03mi
3428 Dunnica Ave Saint Louis, MO	2.0	1.0	1050	$995	$0.95	43d	1	0.06mi
3402 Dunnica Ave Unit 3400 1f St. Louis, MO	1.0	1.0	695	$775	$1.12	23d	1	0.08mi
3514 Alberta St Unit 1W St. Louis, MO	2.0	1.0	800	$800	$1.00	43d	1	0.12mi
3511 Osage St Saint Louis, MO	1.0	1.0	755	$695	$0.92	43d	1	0.14mi
3515 Osage St Unit 3511 Osage St. Louis, MO	1.0	1.0	755	$695	$0.92	43d	1	0.14mi
3439 Chippewa St Saint Louis, MO	1.0	1.5	950	$850	$0.89	43d	1	0.15mi
3954 S Grand Blvd Apt 3N St. Louis, MO	1.0	1.0	650	$625	$0.96	43d	1	0.17mi
3954 S Grand Blvd Unit 3523 Osage 2E St. Louis, MO	—	1.0	600	$595	$0.99	43d	1	0.17mi
3829 S Compton Ave Unit A St. Louis, MO	2.0	1.0	1040	$1,000	$0.96	16d	1	0.18mi
3829 S Compton Ave Unit B St. Louis, MO	2.0	1.0	1040	$1,050	$1.01	23d	1	0.18mi
3116 Keokuk St Saint Louis, MO	2.0	1.0	900	$850	$0.94	2d	1	0.27mi
3116 Keokuk St Unit 1F St. Louis, MO	2.0	1.0	900	$850	$0.94	2d	1	0.27mi
3106 Keokuk St Saint Louis, MO	2.0	1.0	850	$850	$1.00	16d	1	0.28mi
3855 Minnesota Ave Unit B St. Louis, MO	2.0	1.0	900	$850	$0.94	43d	1	0.30mi
3204 Winnebago St Saint Louis, MO	1.0	1.0	830	$1,400	$1.69	23d	1	0.30mi
3922 Minnesota Ave Saint Louis, MO	2.0	1.0	1000	$925	$0.93	43d	1	0.32mi
3654 Montana St Unit 3656 St. Louis, MO	1.0	1.0	825	$1,000	$1.21	23d	1	0.32mi
3138 Gasconade St Unit 3138 2W St. Louis, MO	1.0	1.0	950	$850	$0.89	17d	1	0.33mi
4116 S Compton Ave St. Louis, MO	1.0	1.0	868	$725	$0.84	43d	1	0.33mi
3636 Virginia Ave St. Louis, MO	1.0	1.0	902	$795	$0.88	43d	1	0.34mi
4101 Dewey Ave Unit 2F St. Louis, MO	1.0	1.0	650	$775	$1.19	23d	1	0.35mi
3623 Virginia Ave Unit 3625-1F St. Louis, MO	1.0	1.0	850	$775	$0.91	23d	1	0.35mi
3720 Chippewa St Unit 3720A St. Louis, MO	1.0	1.0	850	$1,050	$1.24	23d	1	0.35mi
4048 Giles Ave Apt 1S St. Louis, MO	1.0	1.0	650	$795	$1.22	14d	1	0.35mi
3862 S Spring Ave Apt 3E St. Louis, MO	1.0	1.0	700	$695	$0.99	10d	1	0.35mi
3839 Pennsylvania Ave Saint Louis, MO	2.0	1.0	725	$1,000	$1.38	20d	1	0.36mi
3653 S Grand Blvd Saint Louis, MO	1.0	1.0	2050	$1,350	$0.66	1d	4	0.36mi
4053 Giles Ave Unit A St. Louis, MO	2.0	1.0	1082	$995	$0.92	10d	1	0.37mi
3614 Virginia Ave Saint Louis, MO	2.0	1.0	980	$1,200	$1.22	43d	1	0.38mi
3702 Meramec St Unit 1e St. Louis, MO	2.0	1.0	725	$950	$1.31	7d	1	0.38mi
3753 Dunnica Ave Unit A St. Louis, MO	1.0	1.0	756	$750	$0.99	43d	1	0.40mi
3860 Bamberger Ave Unit 3N St. Louis, MO	2.0	1.0	700	$799	$1.14	17d	1	0.42mi
3860 Bamberger Ave Unit 1N St. Louis, MO	2.0	1.0	850	$799	$0.94	10d	1	0.42mi
3719 Winnebago St Unit 3719 1st St. Louis, MO	1.0	1.0	800	$730	$0.91	43d	1	0.43mi
4234 Dewey Ave Saint Louis, MO	1.0	1.0	884	$745	$0.84	43d	1	0.44mi
3828 Nebraska Ave St. Louis, MO	1.0	1.0	1000	$750	$0.75	23d	1	0.45mi
3525 Louisiana Ave Apt A St. Louis, MO	1.0	1.0	850	$750	$0.88	43d	1	0.46mi
3523 Louisiana Ave Unit 3525 St. Louis, MO	1.0	1.0	850	$750	$0.88	23d	1	0.46mi
3931 Oregon Ave Unit 3931 St. Louis, MO	1.0	1.0	867	$999	$1.15	4d	1	0.48mi

Listing history 24 events

1. 2026-06-18
   days on market $74,900 Active 64 DOM
2. 2026-06-17
   days on market $74,900 Active 63 DOM
3. 2026-06-16
   days on market $74,900 Active 62 DOM
4. 2026-06-15
   days on market $74,900 Active 61 DOM
5. 2026-06-13
   days on market $74,900 Active 59 DOM
6. 2026-06-09
   days on market $74,900 Active 55 DOM
7. 2026-06-08
   days on market $74,900 Active 54 DOM
8. 2026-06-07
   days on market $74,900 Active 53 DOM
9. 2026-06-05
   days on market $74,900 Active 50 DOM
10. 2026-06-03
    days on market $74,900 Active 49 DOM
11. 2026-06-02
    days on market $74,900 Active 48 DOM
12. 2026-06-01
    days on market $74,900 Active 47 DOM
13. 2026-05-31
    days on market $74,900 Active 46 DOM
14. 2026-05-18
    listed $1,299
15. 2026-05-04
    status Active 647-char remark

    Show marketing remark (647 chars)

    Charming entry-level opportunity at 3437 Keokuk, perfect for a first-time buyer or investor looking for a low-maintenance addition to their portfolio. This 1-bedroom home has already passed municipal occupancy, making it truly move-in ready or rent-ready from day one. Efficient layout with functional living space, offering an affordable path to homeownership or strong rental potential in a high-demand area. Whether you’re looking to stop renting or add a cash-flowing property, this one checks the boxes with no upfront work needed. Property is being sold as-is. Must be end buyer—no wholesalers, or assignments will be accepted.

16. 2026-04-15
    historical $1,299
17. 2026-04-13
    status Pending 647-char remark

    Show marketing remark (647 chars)

    Charming entry-level opportunity at 3437 Keokuk, perfect for a first-time buyer or investor looking for a low-maintenance addition to their portfolio. This 1-bedroom home has already passed municipal occupancy, making it truly move-in ready or rent-ready from day one. Efficient layout with functional living space, offering an affordable path to homeownership or strong rental potential in a high-demand area. Whether you’re looking to stop renting or add a cash-flowing property, this one checks the boxes with no upfront work needed. Property is being sold as-is. Must be end buyer—no wholesalers, or assignments will be accepted.

18. 2026-03-25
    listed $74,900 Active 647-char remark

    Show marketing remark (647 chars)

    Charming entry-level opportunity at 3437 Keokuk, perfect for a first-time buyer or investor looking for a low-maintenance addition to their portfolio. This 1-bedroom home has already passed municipal occupancy, making it truly move-in ready or rent-ready from day one. Efficient layout with functional living space, offering an affordable path to homeownership or strong rental potential in a high-demand area. Whether you’re looking to stop renting or add a cash-flowing property, this one checks the boxes with no upfront work needed. Property is being sold as-is. Must be end buyer—no wholesalers, or assignments will be accepted.

19. 2026-01-21
    listed $1,299
20. 2023-11-29
    historical
21. 2023-11-12
    listed
22. 2023-05-18
    historical
23. 2005-09-29
    soldstatus $92,000
24. 2003-06-06
    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: $531 · $44/mo
• Projected year-2 tax: $727 · $61/mo
• Expected delta: +$195/yr (+$16/mo · 36.8%)

ⓘ 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 ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,576
• − Mortgage interest: −$4,196
• − Property taxes: −$531
• − Insurance: −$374
• − Repairs & maintenance: −$846
• − Management: −$846
• − Depreciation: −$2,179
• Taxable income: $1,604
• Est. tax owed @ 24.0%: −$385
• After-tax cash flow: $2,351/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: St. Louis City
• NCES district ID: 2929280
• Math proficiency: 10% ▼ -6.00%
• Reading proficiency: 18% ▼ -3.00%
• Median HH income: $35,685
• Composite: 11.54/100
• National rank: #9699
• State rank: #312 of 324 in MO

Livability — St. Louis

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Louis, MO
• County: Saint Louis City · 254,015 people
• City population: 283,259
• Metro: St. Louis, MO-IL
• Population (ZIP): 25,913
• Household income: $57,762
• Rent vs Own: 56.1% rent · 43.9% own
• Severe rent burden: 1495.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 315,737 people
• By 2030: 313,865 · -0.6%
• By 2040: 305,439 · -3.3%
• By 2050: 296,529 · -6.1%
• By 2075: 271,028 · -14.2%
• By 2100: 255,359 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 44% Black 41% Two or more races 8% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 5% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · St. Louis

• 2024 margin: Solid D (+64.7) · D 81.4% · R 16.7% · Other 2.0%
• 2008→2024 swing: -3.5pp toward R · 2008: 68.2pp · 2024: 64.7pp
• All cycles: 2024: D+64.7 2020: D+66.2 2016: D+63.7 2012: D+66.6 2008: D+68.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -347.51%
• Current HPI: 171.5963
• Rent YoY: ▲ 4.89%
• Metro: St. Louis, MO-IL
• 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

-98.6% since first listed

11 events — show timeline

• 2026-05-18 Listed for Rent $1,299 APPFOLIO
• 2026-05-04 Relisted — MARIS as Distributed by MLS Grid
• 2026-04-15 Rental Removed $1,299 APPFOLIO
• 2026-04-13 Pending — MARIS as Distributed by MLS Grid
• 2026-03-25 Listed $74,900 MARIS as Distributed by MLS Grid
• 2026-01-21 Listed for Rent $1,299 APPFOLIO
• 2023-11-29 Rental Removed — APPFOLIO
• 2023-11-12 Listed for Rent — APPFOLIO
• 2023-05-18 Rental Removed — APPFOLIO
• 2005-09-29 Sold (Public Records) $92,000 Public Records
• 2003-06-06 Sold (Public Records) — Public Records

Property tax history

+4.7%/yr

Latest (2024): $531 · +4.9% YoY. Source: county tax records.