1153 E Elm St · Morrisville, MO 65710

$109,900

4 bd · 2.5 ba · 1,612 sqft · Other public records · 16 Days on market

Built 1973 0.70 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 +27.9/30.0
• DSCR +9.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.7/10.0
• Appreciation +6.4/10.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Fixer-upper opportunity! This 4-bedroom, 2-bath home offers 1,612 sq. ft. of living space on a generous 0.7-acre lot with a detached 2-car garage. Foreclosure property being sold as-is. Great potential for investors or buyers ready to add their personal touch. Don't miss this chance to transform this property into something special!

Key facts

• Metal roof
• Big front porch
• Large lot

Tags

• LARGE LOT
• METAL ROOF
• BIG FRONT PORCH

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level
• Exterior features: Metal roof; Public maintained road access; City street frontage; Approximately 0.7 acre lot

Interior

• Bedrooms: Laundry on main level
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Electric central heating; Central air with ceiling fans
• Interior features: Ceiling fans
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath other listed at $110k.

Deal economics

• At list price, monthly cash flow is $338 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#191 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Marion C. Early R-V (rural): math 37% / reading 39% proficiency, ranked #175 of 324 in MO (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Marion C. Early Elem. (math 37% / reading 42%, grade F, #537 of 1,115 statewide, top 53%, 259 students, 52% FRL); Marion C. Early Junior High (math 37% / reading 32%, grade F, #243 of 391 statewide, top 65%, 146 students, 45% FRL); Marion C. Early High (math 34% / reading 64%, grade D, #124 of 521 statewide, top 28%, 161 students, 40% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: 15 active listings in the ZIP; 188 units permitted in Polk County in 2024 (40 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($760 loan paydown + $3k appreciation (2.9% local appreciation)).
• At projected returns (2.9% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,251 (1.5% below list)

Questions for the listing agent

1. Built in 1973 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.17% ✓
• Cap rate: 9.98%
• Cash-on-cash: 13.18%
• DSCR: 1.59
• GRM: 7.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.88% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.6%
• Equity multiple: 2.11×
• Total profit: $34,034
• Equity at exit: $48,677

10-year hold

• IRR: 20.9%
• Equity multiple: 3.98×
• Total profit: $91,842
• Equity at exit: $74,447

Cash invested: $30,772 (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 65710

• Home prices YoY: 1.7%
• Active inventory: 15
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,288 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$58 /mo · $690/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $338

Break-even live

Break-even rent $860

Max offer price $109,900

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-18
   days on market $109,900 Active 16 DOM
2. 2026-06-17
   days on market $109,900 Active 15 DOM
3. 2026-06-16
   days on market $109,900 Active 14 DOM
4. 2026-06-15
   days on market $109,900 Active 13 DOM
5. 2026-06-14
   days on market $109,900 Active 11 DOM
6. 2026-06-10
   days on market $109,900 Active 8 DOM
7. 2026-06-09
   days on market $109,900 Active 7 DOM
8. 2026-06-08
   days on market $109,900 Active 6 DOM
9. 2026-06-07
   days on market $109,900 Active 5 DOM
10. 2026-06-03
    remarks 334-char remark
11. 2026-06-03
    remarks 182-char remark
12. 2026-06-03
    listed $109,900 Active 1 DOM

ⓘ 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: $690 · $58/mo
• Projected year-2 tax: $1,066 · $89/mo
• Expected delta: +$376/yr (+$31/mo · 54.4%)

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,456
• − Mortgage interest: −$6,156
• − Property taxes: −$690
• − Insurance: −$550
• − Repairs & maintenance: −$1,236
• − Management: −$1,236
• − Depreciation: −$3,197
• Taxable income: $2,390
• Est. tax owed @ 24.0%: −$574
• After-tax cash flow: $3,481/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: Marion C. Early R-V
• NCES district ID: 2920160
• Math proficiency: 37% ▼ -3.00%
• Reading proficiency: 39% ▼ -3.00%
• Median HH income: $44,928
• Composite: 32.35/100
• National rank: #5741
• State rank: #175 of 324 in MO

Livability — Morrisville

• Score: 68/100
• State rank: #191
• US rank: #9999

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Morrisville, MO
• Population (ZIP): 1,333

Population outlook (Polk County) Hauer SSP2

• Today (2025): 31,229 people
• By 2030: 31,227 · +-0.0%
• By 2040: 31,104 · -0.4%
• By 2050: 30,553 · -2.2%
• By 2075: 29,332 · -6.1%
• By 2100: 26,387 · -15.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Native American 2%
• Common ancestry: Italian 9% Romanian 3% Iranian 2%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+61.6) · D 18.6% · R 80.2% · Other 1.1%
• 2008→2024 swing: -29.5pp toward R · 2008: -32.1pp · 2024: -61.6pp
• All cycles: 2024: R+61.6 2020: R+59.5 2016: R+56.9 2012: R+43.2 2008: R+32.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.88%
• Current HPI: 168.9089
• 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

2 events — show timeline

• 2026-06-02 Listed $109,900 SOMO
• 2011-01-14 Sold (Public Records) — Public Records

Property tax history

+3.7%/yr

Latest (2025): $690 · -4.1% YoY. Source: county tax records.