2734 Bales Ave · Kansas City, MO 64128

$150,000

3 bd · 1.0 ba · 1,370 sqft · SingleFamily public records · 3 Days on market

Built 1912 4,356 sqft lot Est $126k · 19% over

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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 +19.5/30.0
• Appreciation +10.0/10.0
• DSCR +6.2/10.0
• 1% rule +4.0/10.0
• Livability +3.9/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

This 1.5 story bungalow tenant-occupied at $850/month, Section 8 awaits a new investor or owner-occupant. New roof (June/July 2021), newer A/C unit and furnace. New carpet on main level bedrooms and living & dining room. Main level washer and dryer hookups. Exterior and interior painted. The main bedroom on second floor has own updated bathroom. Refrigerator and oven included. Bonus room on second floor leading to main bedroom that could be used as reading room or small office workspace. Tenant on month-to-month lease and would like to sign a long term lease with the new owner.

Key facts

• Full basement
• Spacious layout
• Main-level living

Tags

• HISTORIC SINGLE-FAMILY HOME
• SPACIOUS LAYOUT
• MAIN-LEVEL LIVING
• DEDICATED LAUNDRY HOOKUPS
• FULL BASEMENT
• POTENTIAL FOR EXTRA STORAGE

Property features AI

Exterior

• Parking: Off-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single family residence; 1.5-story bungalow
• Construction: Brick veneer and vinyl siding exterior; Composition roof; Unfinished stone/rock basement
• Exterior features: Porch; Metal fencing; City lot within city limits (public road maintenance)

Interior

• Kitchen: Electric range; Ceramic tile floors in the kitchen
• Bedrooms: 3 bedrooms total — two on the first floor and one on the second floor
• Flooring: Carpet in bedrooms, living and dining areas; Tile in kitchen and bathrooms
• Bathrooms: 2 full bathrooms — one with ceramic tile on the first floor and one with ceramic tile on the second floor
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Ceiling fan(s); Living room fireplace; Balcony/Loft; Main floor bedroom; Living/Dining combo
• Laundry & utility: Laundry area in the kitchen on the main level; Utility room on the first floor

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $170 ($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 $135k (9.9% below list).
• Recommended offer: $135k (9.9% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 3.9% in Kansas City — 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 78/100 on livability (#28 in MO, #2,671 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F.
• Kansas City 33 (urban): math 12% / reading 24% proficiency, ranked #308 of 324 in MO (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.7%/yr); 86 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 4,002 units permitted in Jackson County in 2024 (2,271 in 5+ unit buildings).
• This rent runs 45% of the median local income ($36k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Jackson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 4.7% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 23y ago; this cycle's ask is 50% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $135,175 (9.9% below list)

Questions for the listing agent

1. Built in 1912 — 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. 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?
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: 0.90% ✗
• Cap rate: 7.65%
• Cash-on-cash: 4.85%
• DSCR: 1.22
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $126,040
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2922 E 30th St	0.40mi	3/1.0	1,364 (-0%)	3mo	$73,600	$54	78
3706 E 29th St	0.23mi	3/1.0	1,248 (-9%)	2mo	$95,000	$76	73
3609 E 27th St	0.12mi	3/1.0	1,169 (-15%)	0mo	$89,900	$77	69
2334 Walrond Ave	0.54mi	3/1.5	1,370 (0%)	8mo	$59,000	$43	66
2331 Montgall Ave	0.69mi	4/2.0 (+1)	1,376 (+0%)	4mo	$172,000	$125	55
3026 Walrond Ave	0.41mi	2/1.0 (-1)	1,244 (-9%)	8mo	$55,000	$44	54
2512 Mersington Ave	0.39mi	4/1.5 (+1)	1,500 (+10%)	6mo	$72,000	$48	54
2636 Spruce St	0.50mi	4/2.0 (+1)	1,282 (-6%)	7mo	$199,000	$155	51
3025 Walrond Ave	0.39mi	3/2.0	1,172 (-14%)	4mo	$216,500	$185	50
2319 Norton Ave	0.66mi	3/1.0	1,495 (+9%)	5mo	$137,500	$92	50
2424 Cypress Ave	0.73mi	3/1.0	1,169 (-15%)	5mo	$110,000	$94	37
2406 Kensington Ave	0.71mi	4/2.0 (+1)	1,506 (+10%)	7mo	$183,000	$122	36

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

Projected returns pro-forma

10.0% appreciation · 4.65% rent growth · sell at horizon

5-year hold

• IRR: 28.3%
• Equity multiple: 3.26×
• Total profit: $94,711
• Equity at exit: $135,132

10-year hold

• IRR: 25.1%
• Equity multiple: 7.55×
• Total profit: $275,237
• Equity at exit: $291,417

Cash invested: $42,000 (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 64128

• Home prices YoY: 21.6%
• Rents YoY: 4.7%
• Active inventory: 86
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,352 high
• Mortgage (P&I): −$787
• Tax from tax record: −$49 /mo · $590/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $170

Break-even live

Break-even rent $1,137

Max offer price $150,000

Occupancy floor 82%

Sensitivity live

Price	-10% $254	-5% $212	+0% $170	+5% $127	+10% $85
Rent	-10% $63	-5% $116	+0% $170	+5% $223	+10% $276
Rate	-1.0pp $245	-0.5pp $208	base $170	+0.5pp $131	+1.0pp $91

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3220 E 30th St Unit 1A Kansas City, MO	2.0	1.0	1214	$950	$0.78	44d	1	0.34mi
2846 Myrtle Ave Kansas City, MO	3.0	2.0	1705	$1,350	$0.79	16d	1	0.35mi
2419 Bales Ave Kansas City, MO	3.0	1.5	1116	$1,500	$1.34	3d	1	0.42mi
2413 College Ave Kansas City, MO	2.0	2.0	1022	$1,225	$1.20	24d	1	0.45mi
3205 E 31st St Kansas City, MO	4.0	1.0	1800	$1,325	$0.74	24d	1	0.50mi
2424 Norton Ave Unit B Kansas City, MO	3.0	1.0	982	$1,150	$1.17	16d	1	0.51mi
2637 E 29th St Unit 3 Kansas City, MO	2.0	1.0	954	$1,050	$1.10	44d	1	0.54mi
2708 Olive St Kansas City, MO	4.0	2.0	1585	$1,500	$0.95	17d	1	0.70mi
3305 Askew Ave Kansas City, MO	3.0	1.5	1428	$1,450	$1.02	24d	1	0.71mi
3032 Elmwood Ave Kansas City, MO	3.0	1.0	1027	$1,275	$1.24	8d	1	0.77mi
3304 Agnes Ave Unit Downstairs Kansas City, MO	3.0	1.0	1150	$1,095	$0.95	44d	1	0.79mi
2900 E 21st St Kansas City, MO	3.0	1.5	897	$1,650	$1.84	16d	1	0.82mi
2724 Brooklyn Ave Kansas City, MO	3.0	2.5	1398	$1,440	$1.03	24d	1	0.83mi
3201 E 20th St Kansas City, MO	2.0	1.0	900	$1,050	$1.17	24d	1	0.84mi
3330 Agnes Ave Kansas City, MO	3.0	1.0	1000	$1,410	$1.41	44d	1	0.84mi
3332 Norton Ave Kansas City, MO	3.0	1.0	1272	$1,350	$1.06	44d	1	0.85mi
3419 College Ave Kansas City, MO	4.0	1.0	1608	$1,300	$0.81	2d	1	0.88mi
3346 Agnes Ave Kansas City, MO	3.0	1.0	1400	$1,200	$0.86	8d	1	0.88mi
3009 Garfield Ave Kansas City, MO	3.0	1.5	1334	$1,425	$1.07	44d	1	0.93mi
3305 E 19th St Kansas City, MO	2.0	1.0	1500	$1,200	$0.80	44d	1	0.94mi
3233 Park Ave Unit 2 Kansas City, MO	2.0	1.0	950	$1,000	$1.05	24d	1	1.00mi
3233 Park Ave Unit 1 Kansas City, MO	2.0	1.0	950	$1,075	$1.13	44d	1	1.00mi
2120 Linwood Blvd Kansas City, MO	3.0	1.0	1326	$1,400	$1.06	44d	1	1.00mi
2003 Wabash Ave Unit B Kansas City, MO	3.0	2.0	1200	$1,095	$0.91	24d	1	1.01mi
3434 Chestnut Ave Kansas City, MO	2.0	1.0	1512	$1,100	$0.73	11d	1	1.02mi
3525 Monroe Ave Kansas City, MO	3.0	2.0	1569	$1,500	$0.96	44d	1	1.02mi
1905 Kensington Ave Kansas City, MO	3.0	2.0	1285	$1,325	$1.03	24d	1	1.04mi
3524 Bellefontaine Ave Kansas City, MO	3.0	1.0	1228	$1,350	$1.10	44d	1	1.05mi
5108 E 30th St Kansas City, MO	3.0	1.0	960	$1,400	$1.46	3d	1	1.06mi
1805 Jackson Ave Kansas City, MO	4.0	2.0	1250	$1,250	$1.00	44d	1	1.06mi
3414 Elmwood Ave Kansas City, MO	4.0	1.0	1109	$1,300	$1.17	16d	1	1.08mi
1812 Elmwood Ave Kansas City, MO	3.0	1.0	1650	$1,600	$0.97	16d	1	1.15mi
3630 Agnes Ave Kansas City, MO	3.0	2.0	1448	$1,500	$1.04	11d	1	1.21mi
3713 Cleveland Ave Kansas City, MO	4.0	1.0	1256	$1,250	$1.00	16d	1	1.25mi
3243 Denver Dr Kansas City, MO	1.0–3.0	1.0	862	$1,226	$1.42	44d	1	1.27mi
2018 E 35th St Kansas City, MO	3.0	2.0	1502	$1,800	$1.20	3d	1	1.29mi
2729 Grove St Kansas City, MO	3.0	2.0	1510	$1,375	$0.91	44d	1	1.30mi
3739 Bales Ave Kansas City, MO	3.0	2.0	1400	$1,575	$1.12	24d	1	1.31mi
2002 E 35th St Kansas City, MO	3.0	2.0	1426	$1,295	$0.91	8d	1	1.31mi
1603 Elmwood Ave Kansas City, MO	2.0	1.0	1064	$1,031	$0.97	13d	1	1.33mi

Listing history 4 events

1. 2026-06-18
   days on market $150,000 Coming Soon 3 DOM
2. 2026-06-17
   days on market $150,000 Coming Soon 2 DOM
3. 2026-06-15
   remarks 699-char remark
4. 2026-06-15
   listed $150,000 Coming Soon 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: $590 · $49/mo
• Projected year-2 tax: $1,455 · $121/mo
• Expected delta: +$865/yr (+$72/mo · 146.5%)

ⓘ 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 4/10 Moderate 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,221
• − Mortgage interest: −$8,402
• − Property taxes: −$590
• − Insurance: −$750
• − Repairs & maintenance: −$1,298
• − Management: −$1,298
• − Depreciation: −$4,364
• Taxable loss: −$481
• Est. tax savings @ 24.0%: +$115
• After-tax cash flow: $2,150/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: Kansas City 33
• NCES district ID: 2916400
• Math proficiency: 12% ▼ -8.00%
• Reading proficiency: 24% ▬ 0.00%
• Median HH income: $35,227
• Composite: 14.8/100
• National rank: #9387
• State rank: #308 of 324 in MO

Livability — Kansas City

• Score: 78/100
• State rank: #28
• US rank: #2671

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kansas City, MO
• County: Jackson County · 687,798 people
• City population: 439,467
• Metro: Kansas City, MO-KS
• Population (ZIP): 11,912
• Household income: $36,088
• Rent vs Own: 52.5% rent · 47.5% own
• Severe rent burden: 946.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 719,589 people
• By 2030: 731,456 · +1.6%
• By 2040: 746,689 · +3.8%
• By 2050: 749,289 · +4.1%
• By 2075: 736,227 · +2.3%
• By 2100: 668,210 · -7.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (79%)
• Race & ethnicity: Black 79% Hispanic / Latino 9% White 8% Two or more races 7%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Swedish 1% Hispanic 1%
• Foreign-born: 7% · Canada
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 2%

Political lean MEDSL · Jackson

• 2024 margin: D (+19.3) · D 58.9% · R 39.5% · Other 1.6%
• 2008→2024 swing: -6.1pp toward R · 2008: 25.4pp · 2024: 19.3pp
• All cycles: 2024: D+19.3 2020: D+22.0 2016: D+16.6 2012: D+19.0 2008: D+25.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 73.41%
• Current HPI: 412.6862
• Rent YoY: ▲ 4.65%
• Metro: Kansas City, MO-KS
• 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

+346.4% since first listed

19 events — show timeline

• 2026-06-15 Coming Soon $150,000 Heartland MLS as Distributed by MLS Grid
• 2021-12-08 Sold (Public Records) — Public Records
• 2021-11-30 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2021-08-20 Pending — Heartland MLS as Distributed by MLS Grid
• 2021-08-12 Price Changed $97,500 Heartland MLS as Distributed by MLS Grid
• 2021-07-28 Listed $100,000 Heartland MLS as Distributed by MLS Grid
• 2019-07-19 Sold (Public Records) — Public Records
• 2014-05-29 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2014-01-31 Listed $16,500 Heartland MLS as Distributed by MLS Grid
• 2007-09-11 Sold (Public Records) — Public Records
• 2007-09-05 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2007-06-13 Listed $26,250 Heartland MLS as Distributed by MLS Grid
• 2004-08-05 Sold (Public Records) — Public Records
• 2004-06-10 Sold (Public Records) — Public Records
• 2004-05-31 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2003-11-04 Listed $33,600 Heartland MLS as Distributed by MLS Grid
• 1998-05-01 Sold (Public Records) — Public Records
• 1997-10-07 Sold (Public Records) — Public Records
• 1997-01-14 Sold (Public Records) — Public Records

Property tax history

+4.1%/yr

Latest (2025): $590 · -53.0% YoY. Source: county tax records.