2930 W Lynn St · Springfield, MO 65802

$149,900

2 bd · 1.0 ba · 1,190 sqft · SingleFamily public records · 80 Days on market

Built 1946 7,000 sqft lot $126/sqft · at area comps Est $169k · 11% under

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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 +13.2/30.0
• ARV discount +12.6/15.0
• DSCR +4.0/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Schools +3.2/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

With a large circle drive, PLENTY of parking, an additional lot and a 20 x 30 detached garage/shop, this property is a one of a kind in this price range! The interior has all the charm of a 1940's style home which includes one huge bedroom upstairs that would work great as a second living room. The kitchen is equipped with newer appliances and includes the fridge. New mini splits were installed that provide the heat and air conditioning for the 1st floor. There is also a gas wall heater on the first floor and a window heat/air unit upstairs. The back yard includes an extra fenced area for your dogs to play separate from the rest of the yard. Two storage sheds are an added bonus in addition to the detached garage that has electric and plenty of space for your cars and a workshop. The spacious yard also includes an RV hookup. The back door steps into a convenient mudroom and there is a whole wall of built-in storage cabinets at the backdoor as you enter the home. You will love the extra large attached carport to keep you and your company covered while unloading your vehicle. This house has an abundance of potential with a little sweat equity and is ready for you to make it your home!

Key facts

• Fenced area
• Newer appliances
• Storage sheds

Tags

• DETACHED GARAGE
• NEWER APPLIANCES
• MINI SPLITS
• FENCED AREA
• STORAGE SHEDS
• RV HOOKUP

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-2 ($-26/yr) — negative.
• To cash-flow at today's rent, offer at most $150k (0.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (22.8% below list).
• Recommended offer: $116k (22.8% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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 (+4.8%/yr); 512 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $1k of loan paydown is wiped out by about $4k 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 80 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y 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 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $115,678 (22.8% 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. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.77% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.06%
• DSCR: 1.00
• GRM: 10.8

CMA / ARV

• ARV (median comp): $169,131
• List price: $149,900
• Delta: -11.37%
• 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
2930 W Lynn St	0.00mi	3/1.0 (+1)	1,317 (+11%)	0mo	$149,900	$114	77
1208 N Fulbright Ave	0.35mi	2/1.0	1,116 (-6%)	0mo	$56,500	$51	73
3215 W Bergman St	0.36mi	3/2.0 (+1)	1,167 (-2%)	1mo	$199,900	$171	70
1120 N Colgate Ave	0.23mi	3/2.0 (+1)	1,119 (-6%)	2mo	$210,000	$188	68
1024 N Brown Ave	0.57mi	2/1.0	1,258 (+6%)	2mo	$100,000	$79	62
735 N Brown Ave	0.69mi	3/2.0 (+1)	1,209 (+2%)	1mo	$115,000	$95	56
2916 W Chestnut St	0.57mi	2/1.0	1,040 (-13%)	3mo	$139,000	$134	50
1139 N Dickerson Ave	0.52mi	3/2.0 (+1)	1,300 (+9%)	2mo	$229,900	$177	50
1137a N Dickerson Ave	0.52mi	3/2.0 (+1)	1,300 (+9%)	2mo	$229,900	$177	50
1135 N Dickerson Ave	0.52mi	3/2.0 (+1)	1,300 (+9%)	2mo	$229,900	$177	49
2914 W Chestnut St	0.57mi	3/1.0 (+1)	1,040 (-13%)	3mo	$129,000	$124	45
1936 N Golden Ave	0.67mi	3/2.0 (+1)	1,056 (-11%)	3mo	$169,500	$161	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 · 4.82% rent growth · sell at horizon

5-year hold

• IRR: -14.7%
• Equity multiple: 0.47×
• Total profit: $-22,327
• Equity at exit: $22,351

10-year hold

• IRR: -3.6%
• Equity multiple: 0.75×
• Total profit: $-10,662
• Equity at exit: $12,961

Cash invested: $41,972 (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 65802

• Home prices YoY: -31.9%
• Rents YoY: 4.8%
• Active inventory: 512
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,157 high
• Mortgage (P&I): −$786
• Tax from tax record: −$67 /mo · $810/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $-2

Break-even live

Break-even rent $1,160

Max offer price $149,519

Occupancy floor 95%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3016 W Hovey St Springfield, MO	3.0	2.0	1059	$1,350	$1.27	43d	1	0.09mi
922 N Glenn Ave Springfield, MO	2.0	1.0	780	$1,100	$1.41	43d	1	0.37mi
3031 W Pacific St Springfield, MO	3.0	1.5	1008	$1,295	$1.28	21d	1	0.42mi
741 N West Ave Springfield, MO	2.0	1.0	912	$950	$1.04	43d	1	0.74mi
740 N West Ave Springfield, MO	3.0	1.0	900	$995	$1.11	23d	1	0.77mi
250 N Hilton Ave Springfield, MO	2.0	2.0	1153	$628	$0.54	13d	1	1.03mi
2224 N Clifton Ave Unit 2238-A Springfield, MO	2.0	1.0	756	$695	$0.92	13d	1	1.11mi
3028 W Walnut St Springfield, MO	2.0	1.0	975	$850	$0.87	21d	1	1.12mi
2602 W College St Springfield, MO	2.0	1.0	1350	$995	$0.74	13d	1	1.13mi
2854 W Walnut St Springfield, MO	3.0	1.0	945	$995	$1.05	21d	1	1.13mi
3002 W Elm St Springfield, MO	3.0	2.0	1128	$1,295	$1.15	21d	1	1.19mi
2541 W Lincoln St Springfield, MO	2.0	1.0	1034	$975	$0.94	43d	1	1.33mi
547 S Hilton Ave Springfield, MO	3.0	1.0	1008	$1,175	$1.17	43d	1	1.35mi
2412 W Lincoln St Springfield, MO	3.0	1.0	1260	$1,295	$1.03	23d	1	1.40mi
2117 N Lexington Ave Springfield, MO	3.0	1.0	1040	$1,195	$1.15	43d	1	1.47mi
1406 W Calhoun St Unit B Springfield, MO	2.0	1.0	885	$865	$0.98	23d	1	1.48mi

Listing history 12 events

1. 2026-05-04
   status Pending 1201-char remark

   Show marketing remark (1201 chars)

   With a large circle drive, PLENTY of parking, an additional lot and a 20 x 30 detached garage/shop, this property is a one of a kind in this price range! The interior has all the charm of a 1940's style home which includes one huge bedroom upstairs that would work great as a second living room. The kitchen is equipped with newer appliances and includes the fridge. New mini splits were installed that provide the heat and air conditioning for the 1st floor. There is also a gas wall heater on the first floor and a window heat/air unit upstairs. The back yard includes an extra fenced area for your dogs to play separate from the rest of the yard. Two storage sheds are an added bonus in addition to the detached garage that has electric and plenty of space for your cars and a workshop. The spacious yard also includes an RV hookup. The back door steps into a convenient mudroom and there is a whole wall of built-in storage cabinets at the backdoor as you enter the home. You will love the extra large attached carport to keep you and your company covered while unloading your vehicle. This house has an abundance of potential with a little sweat equity and is ready for you to make it your home!

2. 2026-04-03
   price $149,900 1201-char remark

   Show marketing remark (1201 chars)

   With a large circle drive, PLENTY of parking, an additional lot and a 20 x 30 detached garage/shop, this property is a one of a kind in this price range! The interior has all the charm of a 1940's style home which includes one huge bedroom upstairs that would work great as a second living room. The kitchen is equipped with newer appliances and includes the fridge. New mini splits were installed that provide the heat and air conditioning for the 1st floor. There is also a gas wall heater on the first floor and a window heat/air unit upstairs. The back yard includes an extra fenced area for your dogs to play separate from the rest of the yard. Two storage sheds are an added bonus in addition to the detached garage that has electric and plenty of space for your cars and a workshop. The spacious yard also includes an RV hookup. The back door steps into a convenient mudroom and there is a whole wall of built-in storage cabinets at the backdoor as you enter the home. You will love the extra large attached carport to keep you and your company covered while unloading your vehicle. This house has an abundance of potential with a little sweat equity and is ready for you to make it your home!

3. 2026-02-13
   listed $154,900 Active 1201-char remark

   Show marketing remark (1201 chars)

   With a large circle drive, PLENTY of parking, an additional lot and a 20 x 30 detached garage/shop, this property is a one of a kind in this price range! The interior has all the charm of a 1940's style home which includes one huge bedroom upstairs that would work great as a second living room. The kitchen is equipped with newer appliances and includes the fridge. New mini splits were installed that provide the heat and air conditioning for the 1st floor. There is also a gas wall heater on the first floor and a window heat/air unit upstairs. The back yard includes an extra fenced area for your dogs to play separate from the rest of the yard. Two storage sheds are an added bonus in addition to the detached garage that has electric and plenty of space for your cars and a workshop. The spacious yard also includes an RV hookup. The back door steps into a convenient mudroom and there is a whole wall of built-in storage cabinets at the backdoor as you enter the home. You will love the extra large attached carport to keep you and your company covered while unloading your vehicle. This house has an abundance of potential with a little sweat equity and is ready for you to make it your home!

4. 2024-10-17
   soldstatus Closed 746-char remark

   Show marketing remark (746 chars)

   Don't miss out on the opportunity to own a charming 3-bedroom, 1-bathroom home located in the heart of Springfield. This home boasts a double lot and has been recently upgraded with brand new flooring, appliances, and paint. The brand new gas freestanding stove and refrigerator are included. Featuring 3 bedrooms, 1 full bath, a spacious laundry room, and an additional mudroom, this property also offers a detached 2-car garage/workshop with an attached carport. The blue shed and garage come with electric connections, and there is an RV electric hook-up available. With city water and sewer services, this home is perfect for those seeking outdoor space, a workshop, and 3 bedrooms within city limits. Contact us today to schedule a showing.

5. 2024-08-29
   status Pending 746-char remark

   Show marketing remark (746 chars)

   Don't miss out on the opportunity to own a charming 3-bedroom, 1-bathroom home located in the heart of Springfield. This home boasts a double lot and has been recently upgraded with brand new flooring, appliances, and paint. The brand new gas freestanding stove and refrigerator are included. Featuring 3 bedrooms, 1 full bath, a spacious laundry room, and an additional mudroom, this property also offers a detached 2-car garage/workshop with an attached carport. The blue shed and garage come with electric connections, and there is an RV electric hook-up available. With city water and sewer services, this home is perfect for those seeking outdoor space, a workshop, and 3 bedrooms within city limits. Contact us today to schedule a showing.

6. 2024-08-12
   status Active 746-char remark

   Show marketing remark (746 chars)

   Don't miss out on the opportunity to own a charming 3-bedroom, 1-bathroom home located in the heart of Springfield. This home boasts a double lot and has been recently upgraded with brand new flooring, appliances, and paint. The brand new gas freestanding stove and refrigerator are included. Featuring 3 bedrooms, 1 full bath, a spacious laundry room, and an additional mudroom, this property also offers a detached 2-car garage/workshop with an attached carport. The blue shed and garage come with electric connections, and there is an RV electric hook-up available. With city water and sewer services, this home is perfect for those seeking outdoor space, a workshop, and 3 bedrooms within city limits. Contact us today to schedule a showing.

7. 2024-08-09
   historical 746-char remark

   Show marketing remark (746 chars)

   Don't miss out on the opportunity to own a charming 3-bedroom, 1-bathroom home located in the heart of Springfield. This home boasts a double lot and has been recently upgraded with brand new flooring, appliances, and paint. The brand new gas freestanding stove and refrigerator are included. Featuring 3 bedrooms, 1 full bath, a spacious laundry room, and an additional mudroom, this property also offers a detached 2-car garage/workshop with an attached carport. The blue shed and garage come with electric connections, and there is an RV electric hook-up available. With city water and sewer services, this home is perfect for those seeking outdoor space, a workshop, and 3 bedrooms within city limits. Contact us today to schedule a showing.

8. 2024-07-24
   listed $134,900 Active 746-char remark

   Show marketing remark (746 chars)

   Don't miss out on the opportunity to own a charming 3-bedroom, 1-bathroom home located in the heart of Springfield. This home boasts a double lot and has been recently upgraded with brand new flooring, appliances, and paint. The brand new gas freestanding stove and refrigerator are included. Featuring 3 bedrooms, 1 full bath, a spacious laundry room, and an additional mudroom, this property also offers a detached 2-car garage/workshop with an attached carport. The blue shed and garage come with electric connections, and there is an RV electric hook-up available. With city water and sewer services, this home is perfect for those seeking outdoor space, a workshop, and 3 bedrooms within city limits. Contact us today to schedule a showing.

9. 2019-01-31
   soldstatus
10. 2018-12-27
    listed $74,900
11. 2017-09-21
    soldstatus
12. 2017-08-07
    listed $67,900

ⓘ 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: $810 · $67/mo
• Projected year-2 tax: $1,454 · $121/mo
• Expected delta: +$644/yr (+$54/mo · 79.6%)

ⓘ 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 ≥104°F today · 20 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: $13,881
• − Mortgage interest: −$8,397
• − Property taxes: −$810
• − Insurance: −$750
• − Repairs & maintenance: −$1,111
• − Management: −$1,111
• − Depreciation: −$4,361
• Taxable loss: −$2,656
• Est. tax savings @ 24.0%: +$637
• After-tax cash flow: $612/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): 46,739
• Household income: $55,019
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 1818.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 8% Hispanic / Latino 5% Black 4% Asian 2%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 2% Vietnamese 1% Other Indo-European 1%

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: ▼ -99.72%
• Current HPI: 212.9826
• Rent YoY: ▲ 4.82%
• 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

+120.8% since first listed

12 events — show timeline

• 2026-05-04 Pending — SOMO
• 2026-04-03 Price Changed $149,900 SOMO
• 2026-02-13 Listed $154,900 SOMO
• 2024-10-17 Sold (MLS) — SOMO
• 2024-08-29 Pending — SOMO
• 2024-08-12 Relisted — SOMO
• 2024-08-09 Delisted — SOMO
• 2024-07-24 Listed $134,900 SOMO
• 2019-01-31 Sold (MLS) — SOMO
• 2018-12-27 Listed $74,900 SOMO
• 2017-09-21 Sold (MLS) — SOMO
• 2017-08-07 Listed $67,900 SOMO

Property tax history

+4.4%/yr

Latest (2025): $810 · +0.5% YoY. Source: county tax records.