203 W 5th St · Galena, MO 65656

$68,000

3 bd · 2.0 ba · 1,040 sqft · Other · 1 Days on market

Built 1960 0.27 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks

Priced to sell! Large living area, large kitchen with lots of cabinets, 2 full baths, hall storage and 3 more small bedrooms, 2 of which are non-conforming, this property has great potential and sits on a double corner lot just off the square in Galena. Needs some TLC but would make a great investment property, lake house or first time home buyer property. Bring your imagination and make this into the perfect home for anyone. Property is being sold as-is. Propane tank is owned and will stay with the property. There is some original flooring in the home.

Key facts

• Large living area
• Double corner lot
• Lots of cabinets

Tags

• LARGE LIVING AREA
• LARGE KITCHEN
• LOTS OF CABINETS
• DOUBLE CORNER LOT
• ORIGINAL FLOORING

Property features AI

Exterior

• Parking: 1-car garage; Parking pad
• Utilities: Public water; Public sewer; Propane available
• Home design: Single family residence; One story; Residential property
• Construction: Composition roof
• Exterior features: Front porch; Asphalt road access

Interior

• Flooring: Carpet; Tile; Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Propane heating; Wall unit cooling
• Interior features: Therapeutic whirlpool; Rain gutters; Storm door(s)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $68k.

Deal economics

• At list price, monthly cash flow is $392 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Cap rate 13.2% vs local median 0.9% in Galena — 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 60/100 on livability (#513 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, crime B+; Watch: health & safety C-, amenities F, commute F.
• Galena R-II (rural): math 15% / reading 33% proficiency, ranked #295 of 324 in MO (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Galena-Abesville Elem. (math 22% / reading 27%, grade F, #879 of 1,115 statewide, top 81%, 196 students, 70% FRL); Galena High (math 8% / reading 37%, grade F, #459 of 521 statewide, top 88%, 222 students, 70% FRL) — zoned schools average 70% FRL vs 54% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 119 active listings in the ZIP; 191 units permitted in Stone County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($470 loan paydown + $7k appreciation (10.0% local appreciation)).
• Stone County population projected at -30% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 19y 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

• 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 $68,000

Questions for the listing agent

1. Built in 1960 — 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 F-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. 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.
5. 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.
6. 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: 1.50% ✓
• Cap rate: 13.21%
• Cash-on-cash: 24.70%
• DSCR: 2.10
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 42.9%
• Equity multiple: 4.26×
• Total profit: $61,976
• Equity at exit: $61,260

10-year hold

• IRR: 37.0%
• Equity multiple: 9.55×
• Total profit: $162,839
• Equity at exit: $132,109

Cash invested: $19,040 (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 65656

• Home prices YoY: 11.7%
• Active inventory: 119
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,017 medium
• Mortgage (P&I): −$357
• Tax from tax record: −$26 /mo · $315/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $392

Break-even live

Break-even rent $520

Max offer price $68,000

Occupancy floor 56%

Sensitivity live

Price	-10% $430	-5% $411	+0% $392	+5% $373	+10% $353
Rent	-10% $312	-5% $352	+0% $392	+5% $432	+10% $472
Rate	-1.0pp $426	-0.5pp $409	base $392	+0.5pp $374	+1.0pp $356

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-06-18
   remarks 560-char remark
2. 2026-06-18
   listed $68,000 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: $315 · $26/mo
• Projected year-2 tax: $660 · $55/mo
• Expected delta: +$344/yr (+$29/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,199
• − Mortgage interest: −$3,809
• − Property taxes: −$315
• − Insurance: −$340
• − Repairs & maintenance: −$976
• − Management: −$976
• − Depreciation: −$1,978
• Taxable income: $3,805
• Est. tax owed @ 24.0%: −$913
• After-tax cash flow: $3,790/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: Galena R-II
• NCES district ID: 2912630
• Math proficiency: 15% ▼ -8.00%
• Reading proficiency: 33% ▲ 1.00%
• Median HH income: $38,014
• Composite: 20.01/100
• National rank: #8663
• State rank: #295 of 324 in MO

Livability — Galena

• Score: 60/100
• State rank: #513
• US rank: #19560

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galena, MO
• Population (ZIP): 5,224

Population outlook (Stone County) Hauer SSP2

• Today (2025): 28,147 people
• By 2030: 26,405 · -6.2%
• By 2040: 22,762 · -19.1%
• By 2050: 19,706 · -30.0%
• By 2075: 14,742 · -47.6%
• By 2100: 10,832 · -61.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Portuguese 2% Serbian 2% Romanian 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Stone

• 2024 margin: Solid R (+61.4) · D 18.9% · R 80.3%
• 2008→2024 swing: -24.1pp toward R · 2008: -37.3pp · 2024: -61.4pp
• All cycles: 2024: R+61.4 2020: R+61.1 2016: R+62.1 2012: R+49.2 2008: R+37.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 30.17%
• Current HPI: 288.99
• 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

+6.2% since first listed

4 events — show timeline

• 2026-06-17 Listed $68,000 SOMO
• 2008-04-18 Sold (Public Records) — Public Records
• 2007-03-17 Listed $64,000 SOMO
• 1997-07-01 Sold (Public Records) — Public Records

Property tax history

+0.3%/yr

Latest (2025): $315 · +0.0% YoY. Source: county tax records.