2549 N Delaware Ave · Springfield, MO 65803

$115,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 206 Days on market

Built 1945 0.36 ac lot $114/sqft · 21% below area Est $145k · 21% 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).

• Cash flow +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +4.6/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this adorable and inviting bungalow, offering 3 comfortable bedrooms and 1.5 baths. Step inside to find a warm and cheerful living space. Outside, you'll fall in love with the expansive yard--a rare find! Whether you're dreaming of a garden, play area, outdoor entertaining space, or future expansion, this oversized lot offers endless possibilities. With its irresistible charm, practical layout, and incredible outdoor space, this bungalow is the perfect place to call home. Don't miss your chance to make it yours!

Key facts

• Expansive yard
• Oversized lot
• 0.36 acre lot

Tags

• EXPANSIVE YARD
• OVERSIZED LOT
• OUTDOOR ENTERTAINING SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $176 ($2k/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 (4.1% below list).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.6% in Springfield — 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 75/100 on livability (#57 in MO, #4,121 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment F.
• Springfield R-XII (urban): math 32% / reading 46% proficiency, ranked #174 of 324 in MO (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.2%/yr); 394 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,302 units permitted in Greene County in 2024 (250 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Greene County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 206 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — 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. 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?
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: 0.96% ✗
• Cap rate: 8.13%
• Cash-on-cash: 6.55%
• DSCR: 1.29
• GRM: 8.7

CMA / ARV

• ARV (median comp): $145,010
• List price: $115,000
• Delta: -20.69%
• 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
1652 E Nora St	0.27mi	2/1.0	1,088 (+8%)	0mo	$185,000	$170	74
1658 E Nora St	0.28mi	3/1.0 (+1)	1,040 (+3%)	3mo	$114,900	$110	74
2110 N Pickwick Ave	0.58mi	2/1.0	1,022 (+1%)	1mo	$132,500	$130	70
2111 N Rogers Ave	0.63mi	2/1.0	962 (-5%)	1mo	$165,000	$172	62
2036 N Prospect Ave	0.72mi	2/1.0	976 (-3%)	0mo	$125,000	$128	61
1622 E Turner St	0.39mi	2/1.0	896 (-11%)	6mo	$130,000	$145	58
1012 E Talmage St	0.71mi	2/1.0	960 (-5%)	2mo	$139,000	$145	57
1112 E Evergreen St	0.72mi	3/1.5 (+1)	1,040 (+3%)	2mo	$169,000	$163	53
1355 E Atlantic St	0.74mi	2/1.0	940 (-7%)	8mo	$129,500	$138	48
2030 N Fremont Ave	0.68mi	2/1.5	906 (-10%)	3mo	$119,000	$131	47
1840 E Turner St	0.52mi	3/2.0 (+1)	896 (-11%)	7mo	$159,950	$179	42
2031 N Fremont Ave	0.69mi	2/1.0	866 (-14%)	6mo	$99,900	$115	39

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 · 4.24% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-6,099
• Equity at exit: $17,147

10-year hold

• IRR: 5.9%
• Equity multiple: 1.46×
• Total profit: $14,775
• Equity at exit: $9,943

Cash invested: $32,200 (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 65803

• Home prices YoY: -29.8%
• Rents YoY: 4.2%
• Active inventory: 394
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,103 high
• Mortgage (P&I): −$603
• Tax from tax record: −$44 /mo · $533/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $176

Break-even live

Break-even rent $880

Max offer price $115,000

Occupancy floor 79%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2337 N Delaware Ave Springfield, MO	2.0	1.0	876	$1,195	$1.36	44d	1	0.27mi
STE Springfield, MO	3.0	2.0	1477	$1,600	$1.08	13d	2	0.29mi
1447 E Oakwood Ln Springfield, MO	2.0	2.0	982	$1,395	$1.42	44d	1	0.34mi
2313 N Rogers Ave Unit 1 Springfield, MO	2.0	2.0	882	$950	$1.08	13d	1	0.40mi
2221 N Weller Ave Springfield, MO	3.0	2.0	1215	$1,395	$1.15	13d	1	0.41mi
2345 N Prospect Ave Springfield, MO	2.0	1.0	792	$850	$1.07	13d	1	0.42mi
2337 N Ramsey Ave Springfield, MO	2.0	1.0	882	$875	$0.99	13d	1	0.48mi
2054 N Rogers Ave Springfield, MO	2.0	1.0	888	$925	$1.04	13d	1	0.63mi
2153 N National Ave Springfield, MO	3.0	1.0	1163	$1,195	$1.03	13d	1	0.67mi
2234 N Travis Ave Springfield, MO	1.0	1.0	890	$750	$0.84	44d	1	0.75mi
2650 N Barnes Ave Apt C22 Springfield, MO	2.0	2.0	1100	$1,000	$0.91	44d	1	0.80mi
2650 N Barnes Ave Unit A 23 Springfield, MO	3.0	2.0	1200	$1,200	$1.00	44d	1	0.81mi
2940 N East Ave Springfield, MO	2.0	2.0	915	$700	$0.77	13d	1	0.87mi
2264 E Nora St Springfield, MO	3.0	1.5	1366	$1,200	$0.88	13d	1	0.92mi
1710 E Commercial St Unit B Springfield, MO	2.0	1.0	950	$775	$0.82	44d	1	0.92mi
1501 E Blaine St Springfield, MO	2.0	1.0	958	$695	$0.73	23d	1	0.93mi
1034 E McCanse St Springfield, MO	3.0	1.0	910	$1,150	$1.26	23d	1	0.95mi
3218 N National Ave Springfield, MO	3.0	2.0	1482	$1,495	$1.01	44d	1	0.99mi
805 E Garfield St Springfield, MO	2.0	1.0	950	$950	$1.00	13d	1	1.10mi
1636 N National Ave Springfield, MO	3.0	1.5	1000	$995	$0.99	44d	1	1.12mi
1529 N Weller Ave Springfield, MO	2.0	1.0	870	$995	$1.14	23d	1	1.14mi
2034 N Washington Ave Springfield, MO	2.0	1.0	800	$875	$1.09	44d	1	1.21mi
1339 E Division St Springfield, MO	3.0	2.0	1186	$1,350	$1.14	23d	1	1.23mi
1112 E Locust St Springfield, MO	2.0	1.0	840	$945	$1.12	23d	1	1.23mi
3538 N Rogers Ave Springfield, MO	3.0	1.5	1232	$1,395	$1.13	23d	1	1.30mi
407 E Dale St Apt B Springfield, MO	2.0	1.0	720	$795	$1.10	13d	1	1.35mi
716 E Locust St Unit A Springfield, MO	2.0	1.0	915	$850	$0.93	23d	1	1.44mi
1825 N Oak Grove Ave Springfield, MO	3.0	1.0	852	$995	$1.17	44d	1	1.49mi

Listing history 24 events

1. 2026-06-18
   days on market $115,000 Active 206 DOM
2. 2026-06-17
   days on market $115,000 Active 205 DOM
3. 2026-06-16
   days on market $115,000 Active 204 DOM
4. 2026-06-15
   days on market $115,000 Active 203 DOM
5. 2026-06-14
   days on market $115,000 Active 201 DOM
6. 2026-06-10
   days on market $115,000 Active 198 DOM
7. 2026-06-09
   days on market $115,000 Active 197 DOM
8. 2026-06-08
   days on market $115,000 Active 196 DOM
9. 2026-06-07
   days on market $115,000 Active 195 DOM
10. 2026-06-03
    days on market $115,000 Active 191 DOM
11. 2026-06-02
    days on market $115,000 Active 190 DOM
12. 2026-06-01
    days on market $115,000 Active 189 DOM
13. 2026-05-31
    days on market $115,000 Active 188 DOM
14. 2026-05-30
    days on market $115,000 Active 187 DOM
15. 2026-02-02
    price $119,000 533-char remark

    Show marketing remark (533 chars)

    Welcome home to this adorable and inviting bungalow, offering 3 comfortable bedrooms and 1.5 baths. Step inside to find a warm and cheerful living space. Outside, you'll fall in love with the expansive yard--a rare find! Whether you're dreaming of a garden, play area, outdoor entertaining space, or future expansion, this oversized lot offers endless possibilities. With its irresistible charm, practical layout, and incredible outdoor space, this bungalow is the perfect place to call home. Don't miss your chance to make it yours!

16. 2026-01-15
    price $129,000 533-char remark

    Show marketing remark (533 chars)

    Welcome home to this adorable and inviting bungalow, offering 3 comfortable bedrooms and 1.5 baths. Step inside to find a warm and cheerful living space. Outside, you'll fall in love with the expansive yard--a rare find! Whether you're dreaming of a garden, play area, outdoor entertaining space, or future expansion, this oversized lot offers endless possibilities. With its irresistible charm, practical layout, and incredible outdoor space, this bungalow is the perfect place to call home. Don't miss your chance to make it yours!

17. 2025-12-18
    price $132,000 533-char remark

    Show marketing remark (533 chars)

    Welcome home to this adorable and inviting bungalow, offering 3 comfortable bedrooms and 1.5 baths. Step inside to find a warm and cheerful living space. Outside, you'll fall in love with the expansive yard--a rare find! Whether you're dreaming of a garden, play area, outdoor entertaining space, or future expansion, this oversized lot offers endless possibilities. With its irresistible charm, practical layout, and incredible outdoor space, this bungalow is the perfect place to call home. Don't miss your chance to make it yours!

18. 2025-11-25
    listed $135,000 Active 533-char remark

    Show marketing remark (533 chars)

    Welcome home to this adorable and inviting bungalow, offering 3 comfortable bedrooms and 1.5 baths. Step inside to find a warm and cheerful living space. Outside, you'll fall in love with the expansive yard--a rare find! Whether you're dreaming of a garden, play area, outdoor entertaining space, or future expansion, this oversized lot offers endless possibilities. With its irresistible charm, practical layout, and incredible outdoor space, this bungalow is the perfect place to call home. Don't miss your chance to make it yours!

19. 2023-06-13
    soldstatus
20. 2023-06-12
    soldstatus Closed 600-char remark

    Show marketing remark (600 chars)

    Come check out this 3 bed 1.5 bath bungalow in a charming older neighborhood! It has a 1 car detached garage, attached carport, as well as a storage shed. The backyard is beautiful and plenty big for the kids and the dogs, but not so big that maintenance is a burden. The interior has a large kitchen, jack and jill closet, and included appliances! Whether you're looking for an affordable family home or an amazing investment property, look no further! Investors, this home has had the same amazing tenant in it since 2012. This is your opportunity for an easy, low maintenance, turn key investment!

21. 2023-05-13
    status Pending 600-char remark

    Show marketing remark (600 chars)

    Come check out this 3 bed 1.5 bath bungalow in a charming older neighborhood! It has a 1 car detached garage, attached carport, as well as a storage shed. The backyard is beautiful and plenty big for the kids and the dogs, but not so big that maintenance is a burden. The interior has a large kitchen, jack and jill closet, and included appliances! Whether you're looking for an affordable family home or an amazing investment property, look no further! Investors, this home has had the same amazing tenant in it since 2012. This is your opportunity for an easy, low maintenance, turn key investment!

22. 2023-05-11
    listed $99,900 Active 600-char remark

    Show marketing remark (600 chars)

    Come check out this 3 bed 1.5 bath bungalow in a charming older neighborhood! It has a 1 car detached garage, attached carport, as well as a storage shed. The backyard is beautiful and plenty big for the kids and the dogs, but not so big that maintenance is a burden. The interior has a large kitchen, jack and jill closet, and included appliances! Whether you're looking for an affordable family home or an amazing investment property, look no further! Investors, this home has had the same amazing tenant in it since 2012. This is your opportunity for an easy, low maintenance, turn key investment!

23. 2022-10-26
    soldstatus
24. 2012-02-22
    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: $533 · $44/mo
• Projected year-2 tax: $1,116 · $93/mo
• Expected delta: +$582/yr (+$49/mo · 109.3%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,231
• − Mortgage interest: −$6,442
• − Property taxes: −$533
• − Insurance: −$575
• − Repairs & maintenance: −$1,059
• − Management: −$1,059
• − Depreciation: −$3,345
• Taxable income: $219
• Est. tax owed @ 24.0%: −$53
• After-tax cash flow: $2,055/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: Springfield R-XII
• NCES district ID: 2928860
• Math proficiency: 32% ▼ -2.00%
• Reading proficiency: 46% ▼ -3.00%
• Median HH income: $37,886
• Composite: 32.45/100
• National rank: #5717
• State rank: #174 of 324 in MO

Livability — Springfield

• Score: 75/100
• State rank: #57
• US rank: #4121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, MO
• County: Greene County · 244,327 people
• City population: 223,044
• Metro: Springfield, MO
• Population (ZIP): 42,882
• Household income: $50,572
• Rent vs Own: 45.0% rent · 55.0% own
• Severe rent burden: 1305.0

Population outlook (Greene County) Hauer SSP2

• Today (2025): 319,054 people
• By 2030: 335,135 · +5.0%
• By 2040: 366,186 · +14.8%
• By 2050: 397,431 · +24.6%
• By 2075: 477,035 · +49.5%
• By 2100: 520,828 · +63.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 9% Hispanic / Latino 6% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Italian 2% Iranian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Greene

• 2024 margin: Strong R (+20.8) · D 38.9% · R 59.7% · Other 1.4%
• 2008→2024 swing: -5.0pp toward R · 2008: -15.8pp · 2024: -20.8pp
• All cycles: 2024: R+20.8 2020: R+20.1 2016: R+27.4 2012: R+24.4 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.08%
• Current HPI: 205.0439
• Rent YoY: ▲ 4.24%
• Metro: Springfield, MO
• 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

+19.1% since first listed

10 events — show timeline

• 2026-02-02 Price Changed $119,000 SOMO
• 2026-01-15 Price Changed $129,000 SOMO
• 2025-12-18 Price Changed $132,000 SOMO
• 2025-11-25 Listed $135,000 SOMO
• 2023-06-13 Sold (Public Records) — Public Records
• 2023-06-12 Sold (MLS) — SOMO
• 2023-05-13 Pending — SOMO
• 2023-05-11 Listed $99,900 SOMO
• 2022-10-26 Sold (Public Records) — Public Records
• 2012-02-22 Sold (Public Records) — Public Records

Property tax history

+3.4%/yr

Latest (2025): $533 · +6.0% YoY. Source: county tax records.