10697 Carroll Wood Way · Sappington, MO 63128

$158,000

2 bd · 1.0 ba · 928 sqft · Condo public records · 16 Days on market

Built 1965 $323/mo HOA · 19% of rent

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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 +13.5/30.0
• ARV discount +7.5/15.0
• 1% rule +5.6/10.0
• Schools +4.3/10.0
• DSCR +4.1/10.0
• Livability +3.9/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this beautifully maintained upper-level 2-bedroom condo in the Lindbergh School District! This move-in-ready unit offers great comfort, convenience, and low-maintenance living with added privacy from its upper-level location. Step inside to a bright, light-filled living area that flows seamlessly into the equally light-filled kitchen, featuring hardwood flooring and neutral tones. The eat-in kitchen offers beautiful custom cabinetry, granite countertops, ceramic tile flooring, and a subway tile backsplash, along with an appliance package including refrigerator, electric range/oven, microwave, dishwasher, disposal, and stackable washer and dryer—all included. The primar

Key facts

• $323 HOA
• Parking
• Community pool

Property features AI

Finance

• Other: Private ownership
• Financial info: Lease not considered
• HOA & community: HOA: Carroll Wood; Monthly association fee; Community clubhouse, pool, playground, storage, parking and street lights; Association management; HOA covers clubhouse, insurance, grounds maintenance, parking/roads, common areas, pool, roof, sewer, snow removal and trash

Exterior

• Parking: Assigned parking; One carport space
• Utilities: Public water; Public sewer; Electric service by Ameren; Electricity connected
• Home design: Condominium (residential); Updated/remodeled; One level
• Construction: Brick and vinyl siding exterior; Architectural shingle roof
• Exterior features: Corner lot; Close to clubhouse; Fenced in-ground outdoor pool

Interior

• Kitchen: Microwave, electric oven and range, dishwasher, refrigerator, disposal
• Bedrooms: Two bedrooms on main level
• Flooring: Ceramic tile and hardwood flooring; Wood floors
• Bathrooms: One full bathroom on main level
• Heating & cooling: Electric baseboard heating; Central air conditioning (electric)
• Interior features: Blinds, drapes, screens and tilt-in insulated windows; Dishwasher, disposal, microwave, electric oven and range, refrigerator; Water heater (electric)
• Laundry & utility: Inside laundry with stacked washer/dryer hookup and laundry closet; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $158k.

Deal economics

• At list price, monthly cash flow is $5 ($64/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $158k).
• Recommended offer: $156k (1.5% below list) — sets the bar for market timing.
• Cap rate 6.3% vs local median 4.3% in Sappington — 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 77/100 on livability (#34 in MO, #3,057 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, cost of living A; Watch: amenities F, commute F.
• Lindbergh Schools (suburban): math 41% / reading 55% proficiency, ranked #38 of 324 in MO (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 13% free/reduced lunch — higher-income household profile.
• Zoned schools: Concord Elem. School (math 43% / reading 62%, grade C-, #226 of 1,115 statewide, top 21%, 552 students, 10% FRL); Robert H. Sperreng Middle (math 40% / reading 47%, grade D, #127 of 391 statewide, top 34%, 953 students, 14% FRL); Lindbergh Sr. High (math 56% / reading 70%, grade B-, #26 of 521 statewide, top 5%, 2,235 students, 12% FRL) — zoned schools at 12% FRL track the district average.
• Market conditions: Rents rising (+2.0%/yr); 138 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 920 units permitted in St. Louis County in 2024 (250 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($156k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $63k; list at $158k implies a 151% gain — meaningful room to come down on a strong offer.

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 $155,630 (1.5% below list)

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.06% ✓
• Cap rate: 6.33%
• Cash-on-cash: 0.15%
• DSCR: 1.01
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.05% rent growth · sell at horizon

5-year hold

• IRR: -17.2%
• Equity multiple: 0.40×
• Total profit: $-26,680
• Equity at exit: $23,558

10-year hold

• IRR: -11.2%
• Equity multiple: 0.36×
• Total profit: $-28,499
• Equity at exit: $13,661

Cash invested: $44,240 (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 63128

• Rents YoY: 2.0%
• Active inventory: 138
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,668 high
• Mortgage (P&I): −$829
• Tax from tax record: −$95 /mo · $1,138/yr
• Insurance: −$66
• HOA: −$323
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $5

Break-even live

Break-even rent $1,661

Max offer price $158,000

Occupancy floor 95%

Sensitivity live

Price	-10% $95	-5% $50	+0% $5	+5% $-39	+10% $-84
Rent	-10% $-126	-5% $-61	+0% $5	+5% $71	+10% $137
Rate	-1.0pp $85	-0.5pp $46	base $5	+0.5pp $-36	+1.0pp $-77

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: $39,500
• Closing costs: $4,740
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10801 Edgecliffe Dr Saint Louis, MO	3.0	1.5	960	$1,850	$1.93	12d	1	0.62mi
9920 Merito Dr Saint Louis, MO	1.0–2.0	1.0	825	$1,005	$1.22	9d	4	0.70mi
11015 Golf Crest Dr Saint Louis, MO	3.0	2.0	864	$1,970	$2.28	23d	1	0.79mi
10934 Vargas Dr Saint Louis, MO	3.0	1.0	938	$1,849	$1.97	25d	1	0.84mi
9854 Las Vegas Dr Saint Louis, MO	3.0	1.5	1026	$2,100	$2.05	9d	1	1.04mi
11515 Gravois Rd Unit 11468-101 Sappington, MO	2.0	1.0	900	$1,175	$1.31	4d	1	1.15mi
12531 Old Tesson Rd St. Louis, MO	2.0	2.0	1000	$1,495	$1.50	18d	1	1.18mi
9287 Fort Sumter Ln Sappington, MO	1.0–2.0	1.0–1.5	875	$1,525	$1.74	4d	7	1.31mi
4650 E Concord Rd Saint Louis, MO	2.0	1.0	962	$1,850	$1.92	0d	1	1.35mi
4650 E Concord Rd Saint Louis, MO	2.0	1.0	962	$1,895	$1.97	3d	1	1.35mi

HOA detail condo

• Monthly dues: $323 · $3,876/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 9 events

1. 2026-05-01
   status Pending
2. 2026-04-15
   listed $158,000 Active
3. 2026-04-15
   historical $158,000
4. 2010-05-17
   soldstatus $63,002
5. 2010-01-06
   soldstatus $74,038
6. 2003-07-25
   soldstatus $80,500
7. 2000-06-15
   soldstatus $57,500
8. 1998-05-14
   soldstatus $41,000
9. 1994-11-01
   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: $1,138 · $95/mo
• Projected year-2 tax: $1,533 · $128/mo
• Expected delta: +$395/yr (+$33/mo · 34.7%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,014
• − Mortgage interest: −$8,850
• − Property taxes: −$1,138
• − Insurance: −$790
• − Repairs & maintenance: −$1,601
• − Management: −$1,601
• − HOA: −$3,876
• − Depreciation: −$4,596
• Taxable loss: −$2,439
• Est. tax savings @ 24.0%: +$585
• After-tax cash flow: $650/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: Lindbergh Schools
• NCES district ID: 2918690
• Math proficiency: 41% ▼ -18.00%
• Reading proficiency: 55% ▼ -9.00%
• Median HH income: $66,145
• Composite: 42.62/100
• National rank: #3186
• State rank: #38 of 324 in MO

Livability — Sappington

• Score: 77/100
• State rank: #34
• US rank: #3057

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sappington, MO
• County: Saint Louis County · 888,823 people
• Metro: St. Louis, MO-IL
• Population (ZIP): 30,540
• Household income: $92,359
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 729.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 1,025,227 people
• By 2030: 1,028,023 · +0.3%
• By 2040: 1,020,940 · -0.4%
• By 2050: 1,007,280 · -1.8%
• By 2075: 987,277 · -3.7%
• By 2100: 921,984 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Black 1% Hispanic / Latino 1%
• Common ancestry: Romanian 4% Lithuanian 4% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Russian/Polish/Slavic 2% Spanish 1% Other Indo-European 1%

Political lean MEDSL · St. Louis

• 2024 margin: Strong D (+23.4) · D 60.8% · R 37.4% · Other 1.7%
• 2008→2024 swing: +3.5pp toward D · 2008: 19.9pp · 2024: 23.4pp
• All cycles: 2024: D+23.4 2020: D+24.0 2016: D+16.2 2012: D+13.7 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -228.34%
• Current HPI: 211.4603
• Rent YoY: ▲ 2.05%
• Metro: St. Louis, MO-IL
• 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

+285.4% since first listed

9 events — show timeline

• 2026-05-01 Pending — MARIS as Distributed by MLS Grid
• 2026-04-15 Listed $158,000 MARIS as Distributed by MLS Grid
• 2026-04-15 Coming Soon $158,000 MARIS as Distributed by MLS Grid
• 2010-05-17 Sold (Public Records) $63,002 Public Records
• 2010-01-06 Sold (Public Records) $74,038 Public Records
• 2003-07-25 Sold (Public Records) $80,500 Public Records
• 2000-06-15 Sold (Public Records) $57,500 Public Records
• 1998-05-14 Sold (Public Records) $41,000 Public Records
• 1994-11-01 Sold (Public Records) — Public Records

Property tax history

+5.5%/yr

Latest (2022): $1,138 · +3.7% YoY. Source: county tax records.