401 N 3rd St · Chaffee, MO 63740

$137,500

4 bd · 1.0 ba · 840 sqft · Other public records · 5 Days on market

Built 1930 8,276 sqft lot

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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).

• Cash flow +11.9/30.0
• ARV discount +7.5/15.0
• DSCR +3.5/10.0
• Livability +3.2/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

UPDATED GEM ! - Fresh, Bright and Turn-key ready * 4 Bedroom 1.5 Story featuring two bedrooms on main floor and two bedrooms on second floor * And you’ll love the little desk/gaming area at top of landing * So many 2021 updates including: Total NEW Bath, fascia and window trim, laminate and LVT flooring, drywall and paint, insulation in attic eaves * HVAC, siding, many windows and 200 amp electric approx. 2015 * Blown-in insulation approx. 2012 * Spacious eat-in kitchen with lots of cabinetry * Quaint enclosed front porch * 11 x 15 Storage Shed * Spacious deck * Great corner lot * All value-priced and ready to move right in!

Key facts

• Front porch
• Storage shed
• Eat-in kitchen

Tags

• CORNER LOT LOCATION
• EAT-IN KITCHEN
• FRONT PORCH
• BACK DECK
• STORAGE SHED

Property features AI

Exterior

• Utilities: Public water; Public sewer; Electricity available (220 volts); Natural gas connected
• Home design: Single-family residential; One level (with upper level bedrooms); Vinyl siding; Shingle roof
• Construction: Vinyl siding construction; Shingle roof; Unfinished basement
• Exterior features: Deck; Front porch; Corner lot; Utility building on property

Interior

• Kitchen: Gas oven; Gas range; Refrigerator
• Bedrooms: 4 bedrooms total, 2 on the main level and 2 on the upper level
• Bathrooms: 1 full bathroom (located on main/upper levels)
• Heating & cooling: Forced air heating (natural gas); Ceiling fans; Electric cooling
• Interior features: Finished above-grade living area (per public records); Unfinished basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $138k.

Deal economics

• At list price, monthly cash flow is $-35 ($-418/yr) — negative.
• To cash-flow at today's rent, offer at most $131k (4.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $98k (28.9% below list).
• Recommended offer: $98k (28.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#345 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: employment D, amenities F, commute F.
• Chaffee R-II (town): math 28% / reading 34% proficiency, ranked #266 of 324 in MO (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Chaffee Elem. (math 33% / reading 32%, grade F, #751 of 1,115 statewide, top 68%, 336 students, 47% FRL); Chaffee Jr.-Sr. High (math 22% / reading 37%, grade F, #382 of 521 statewide, top 78%, 300 students, 52% FRL).
• Market conditions: 13 active listings in the ZIP; 123 units permitted in Scott County in 2024 (32 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $951 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Scott County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $97,722 (28.9% 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. Built in 1930 — 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. 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?
5. 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?
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: 0.71% ✗
• Cap rate: 5.99%
• Cash-on-cash: -1.09%
• DSCR: 0.95
• GRM: 11.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -18.2%
• Equity multiple: 0.36×
• Total profit: $-24,573
• Equity at exit: $20,502

10-year hold

• IRR: -10.5%
• Equity multiple: 0.36×
• Total profit: $-24,552
• Equity at exit: $11,888

Cash invested: $38,500 (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 63740

• Home prices YoY: -19.1%
• Active inventory: 13
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $977 medium
• Mortgage (P&I): −$721
• Tax from tax record: −$28 /mo · $342/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$205
• Net cashflow: $-35

Break-even live

Break-even rent $1,021

Max offer price $131,347

Occupancy floor 99%

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: $34,375
• Closing costs: $4,125
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-21
   status Pending
2. 2026-05-18
   status Active
3. 2026-05-15
   status Pending
4. 2026-05-13
   listed $137,500 Active
5. 2022-03-04
   soldstatus Closed 696-char remark

   Show marketing remark (696 chars)

   UPDATED GEM ! - Fresh, Bright and Turn-key ready * 4 Bedroom 1.5 Story featuring two bedrooms on main floor and two bedrooms on second floor * And you’ll love the little desk/gaming area at top of landing * So many 2021 updates including: Total NEW Bath, fascia and window trim, laminate and LVT flooring, drywall and paint, insulation in attic eaves * HVAC, siding, many windows and 200 amp electric approx. 2015 * Blown-in insulation approx. 2012 * Spacious eat-in kitchen with lots of cabinetry * Quaint enclosed front porch * 11 x 15 Storage Shed * Spacious deck * Great corner lot * All value-priced and ready to move right in!

6. 2022-02-07
   status Pending 696-char remark

   Show marketing remark (696 chars)

   UPDATED GEM ! - Fresh, Bright and Turn-key ready * 4 Bedroom 1.5 Story featuring two bedrooms on main floor and two bedrooms on second floor * And you’ll love the little desk/gaming area at top of landing * So many 2021 updates including: Total NEW Bath, fascia and window trim, laminate and LVT flooring, drywall and paint, insulation in attic eaves * HVAC, siding, many windows and 200 amp electric approx. 2015 * Blown-in insulation approx. 2012 * Spacious eat-in kitchen with lots of cabinetry * Quaint enclosed front porch * 11 x 15 Storage Shed * Spacious deck * Great corner lot * All value-priced and ready to move right in!

7. 2022-02-01
   listed $124,900 Active 696-char remark

   Show marketing remark (696 chars)

   UPDATED GEM ! - Fresh, Bright and Turn-key ready * 4 Bedroom 1.5 Story featuring two bedrooms on main floor and two bedrooms on second floor * And you’ll love the little desk/gaming area at top of landing * So many 2021 updates including: Total NEW Bath, fascia and window trim, laminate and LVT flooring, drywall and paint, insulation in attic eaves * HVAC, siding, many windows and 200 amp electric approx. 2015 * Blown-in insulation approx. 2012 * Spacious eat-in kitchen with lots of cabinetry * Quaint enclosed front porch * 11 x 15 Storage Shed * Spacious deck * Great corner lot * All value-priced and ready to move right in!

8. 1998-03-01
   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: $342 · $28/mo
• Projected year-2 tax: $1,334 · $111/mo
• Expected delta: +$992/yr (+$83/mo · 290.3%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,727
• − Mortgage interest: −$7,702
• − Property taxes: −$342
• − Insurance: −$688
• − Repairs & maintenance: −$938
• − Management: −$938
• − Depreciation: −$4,000
• Taxable loss: −$2,881
• Est. tax savings @ 24.0%: +$691
• After-tax cash flow: $273/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: Chaffee R-II
• NCES district ID: 2908460
• Math proficiency: 28% ▲ 1.00%
• Reading proficiency: 34% ▼ -1.00%
• Median HH income: $38,141
• Composite: 25.88/100
• National rank: #7343
• State rank: #266 of 324 in MO

Livability — Chaffee

• Score: 63/100
• State rank: #345
• US rank: #15554

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: Chaffee, MO
• Population (ZIP): 5,447

Population outlook (Scott County) Hauer SSP2

• Today (2025): 37,964 people
• By 2030: 36,963 · -2.6%
• By 2040: 34,632 · -8.8%
• By 2050: 32,024 · -15.6%
• By 2075: 25,250 · -33.5%
• By 2100: 18,078 · -52.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Black 3%
• Common ancestry: Italian 2% Iranian 2% Slovak 1%
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Scott

• 2024 margin: Solid R (+58.9) · D 20.2% · R 79.2%
• 2008→2024 swing: -29.5pp toward R · 2008: -29.4pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+56.5 2016: R+55.6 2012: R+38.2 2008: R+29.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -34.26%
• Current HPI: 145.1255
• 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

+10.1% since first listed

8 events — show timeline

• 2026-05-21 Pending — MARIS as Distributed by MLS Grid
• 2026-05-18 Relisted — MARIS as Distributed by MLS Grid
• 2026-05-15 Pending — MARIS as Distributed by MLS Grid
• 2026-05-13 Listed $137,500 MARIS as Distributed by MLS Grid
• 2022-03-04 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2022-02-07 Pending — MARIS as Distributed by MLS Grid
• 2022-02-01 Listed $124,900 MARIS as Distributed by MLS Grid
• 1998-03-01 Sold (Public Records) — Public Records

Property tax history

+5.1%/yr

Latest (2025): $342 · +9.5% YoY. Source: county tax records.