500 W Walker · Marceline, MO 64658

$140,000

3 bd · 1.0 ba · 1,390 sqft · SingleFamily public records · 70 Days on market

Built 1963 0.29 ac lot $101/sqft · 22% below area Est $180k · 22% 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).

• ARV discount +15.0/15.0
• Cash flow +14.4/30.0
• Appreciation +9.9/10.0
• Schools +5.2/10.0
• DSCR +4.4/10.0
• Livability +3.6/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Charming 3-bedroom, 1-bath home located in Marceline MO. This well-maintained, one level home offers comfortable living with thoughtful updates throughout. Recent improvements include new flooring (2020), new windows (2020), gutters and soffit (2020), a roof that's only six years old, and a new water heater (2024), giving you peace of mind for years to come.

Key facts

• New flooring
• New water heater
• New windows

Tags

• NEW FLOORING
• NEW WINDOWS
• NEW WATER HEATER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $29 ($348/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 $110k (21.7% below list).
• Recommended offer: $110k (21.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#96 in MO) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Marceline R-V (rural): math 64% / reading 59% proficiency, ranked #13 of 324 in MO (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 22 active listings in the ZIP; 4 units permitted in Linn County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($968 loan paydown + $14k appreciation (9.8% local appreciation)).
• Linn County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (9.8% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $32k; list at $140k implies a 331% gain — meaningful room to come down on a strong offer.

Recommended offer $109,656 (21.7% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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.
7. 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.
8. 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: 0.78% ✗
• Cap rate: 6.54%
• Cash-on-cash: 0.89%
• DSCR: 1.04
• GRM: 10.6

CMA / ARV

• ARV (median comp): $180,437
• List price: $140,000
• Delta: -22.41%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
31461 Highway JJ N/A	0.27mi	3/1.5	1,560 (+12%)	6mo	$180,000	$115	60

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

Projected returns pro-forma

9.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.5%
• Equity multiple: 2.94×
• Total profit: $76,207
• Equity at exit: $124,181

10-year hold

• IRR: 21.7%
• Equity multiple: 6.67×
• Total profit: $222,357
• Equity at exit: $265,759

Cash invested: $39,200 (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 64658

• Home prices YoY: 3.9%
• Active inventory: 22
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,097 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$45 /mo · $537/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $29

Break-even live

Break-even rent $1,060

Max offer price $140,000

Occupancy floor 92%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-05
   status Pending 360-char remark

   Show marketing remark (360 chars)

   Charming 3-bedroom, 1-bath home located in Marceline MO. This well-maintained, one level home offers comfortable living with thoughtful updates throughout. Recent improvements include new flooring (2020), new windows (2020), gutters and soffit (2020), a roof that's only six years old, and a new water heater (2024), giving you peace of mind for years to come.

2. 2026-04-20
   price $140,000 360-char remark

   Show marketing remark (360 chars)

   Charming 3-bedroom, 1-bath home located in Marceline MO. This well-maintained, one level home offers comfortable living with thoughtful updates throughout. Recent improvements include new flooring (2020), new windows (2020), gutters and soffit (2020), a roof that's only six years old, and a new water heater (2024), giving you peace of mind for years to come.

3. 2026-03-16
   price $150,000 360-char remark

   Show marketing remark (360 chars)

   Charming 3-bedroom, 1-bath home located in Marceline MO. This well-maintained, one level home offers comfortable living with thoughtful updates throughout. Recent improvements include new flooring (2020), new windows (2020), gutters and soffit (2020), a roof that's only six years old, and a new water heater (2024), giving you peace of mind for years to come.

4. 2026-02-24
   listed $160,000 Active 360-char remark

   Show marketing remark (360 chars)

   Charming 3-bedroom, 1-bath home located in Marceline MO. This well-maintained, one level home offers comfortable living with thoughtful updates throughout. Recent improvements include new flooring (2020), new windows (2020), gutters and soffit (2020), a roof that's only six years old, and a new water heater (2024), giving you peace of mind for years to come.

5. 2024-06-13
   historical 229-char remark

   Show marketing remark (229 chars)

   Easy Keeper!! Updated 3 BR, 1 BA 1390 Sq. Ft. Home - All 1 Level - Spacious Kitchen & Living Room - Separate Family Room w/ Office Area - Nice Sized Master BR w/ Walk In Closet - Deep Backyard w/ Storage Shed - Call Today!!

6. 2018-05-21
   soldstatus
7. 2018-01-30
   listed $48,000 229-char remark

   Show marketing remark (229 chars)

   Easy Keeper!! Updated 3 BR, 1 BA 1390 Sq. Ft. Home - All 1 Level - Spacious Kitchen & Living Room - Separate Family Room w/ Office Area - Nice Sized Master BR w/ Walk In Closet - Deep Backyard w/ Storage Shed - Call Today!!

8. 2006-07-13
   soldstatus $32,500
9. 1978-04-15
   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: $537 · $45/mo
• Projected year-2 tax: $1,358 · $113/mo
• Expected delta: +$821/yr (+$68/mo · 152.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,159
• − Mortgage interest: −$7,842
• − Property taxes: −$537
• − Insurance: −$700
• − Repairs & maintenance: −$1,053
• − Management: −$1,053
• − Depreciation: −$4,073
• Taxable loss: −$2,099
• Est. tax savings @ 24.0%: +$504
• After-tax cash flow: $852/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: Marceline R-V
• NCES district ID: 2920050
• Math proficiency: 64% ▼ -4.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $42,608
• Composite: 51.64/100
• National rank: #1699
• State rank: #13 of 324 in MO

Livability — Marceline

• Score: 72/100
• State rank: #96
• US rank: #6432

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marceline, MO
• Population (ZIP): 3,112

Population outlook (Linn County) Hauer SSP2

• Today (2025): 11,437 people
• By 2030: 10,946 · -4.3%
• By 2040: 9,969 · -12.8%
• By 2050: 9,056 · -20.8%
• By 2075: 7,342 · -35.8%
• By 2100: 5,656 · -50.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 3% Black 1%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 2% · Canada, Jamaica

Political lean MEDSL · Linn

• 2024 margin: Solid R (+57.2) · D 20.8% · R 78.1% · Other 1.1%
• 2008→2024 swing: -48.8pp toward R · 2008: -8.5pp · 2024: -57.2pp
• All cycles: 2024: R+57.2 2020: R+53.9 2016: R+51.1 2012: R+23.5 2008: R+8.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.81%
• Current HPI: 258.5949
• 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

+330.8% since first listed

9 events — show timeline

• 2026-05-05 Pending — RCBR
• 2026-04-20 Price Changed $140,000 RCBR
• 2026-03-16 Price Changed $150,000 RCBR
• 2026-02-24 Listed $160,000 RCBR
• 2024-06-13 Delisted — RCBR
• 2018-05-21 Sold (Public Records) — Public Records
• 2018-01-30 Listed $48,000 RCBR
• 2006-07-13 Sold (Public Records) $32,500 Public Records
• 1978-04-15 Sold (Public Records) — Public Records

Property tax history

+0.9%/yr

Latest (2025): $537 · +5.3% YoY. Source: county tax records.