603 S New York St · Sedalia, MO 65301

$154,900

2 bd · 1.0 ba · 1,225 sqft · SingleFamily public records · 92 Days on market

Built 1180 7,840 sqft lot $126/sqft · at area comps Est $157k · at est. ↓ 2% since listing

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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 +18.5/30.0
• ARV discount +8.0/15.0
• DSCR +5.8/10.0
• Schools +3.9/10.0
• 1% rule +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 603 S New York in the heart of Sedalia! This charming 3-bedroom, 1-bath home was beautifully remodeled in 2023 and is packed with personality and updates you’ll love. From the moment you step inside, you’ll notice the stunning kitchen featuring granite countertops, stylish finishes, and plenty of space to cook and gather. The cool loft area adds flexible living space — perfect for a home office, reading nook, playroom, or extra guest spot! Main floor laundry makes everyday living easy and convenient. Situated on a large corner lot, this home offers a fenced yard ideal for pets, play, or relaxing evenings outside. The detached garage provides extra storage or workshop space, too! Whether you're a first-time buyer ready to start building equity or looking to downsize without sacrificing charm, this one checks all the boxes. Updated, functional, and full of character — don’t miss your chance to call this Sedalia gem home!

Key facts

• Large corner lot
• Fenced yard
• Main floor laundry

Tags

• GRANITE COUNTERTOPS
• MAIN FLOOR LAUNDRY
• LARGE CORNER LOT
• FENCED YARD
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $147 ($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 (13.0% below list).
• Recommended offer: $135k (13.0% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 4.3% in Sedalia — 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 71/100 on livability (#107 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, crime F, commute F.
• Sedalia 200 (town): math 47% / reading 46% proficiency, ranked #89 of 324 in MO (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 213 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 109 units permitted in Pettis County in 2024 (46 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.
• Pettis County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1180 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $134,747 (13.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1180 — 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. 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 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: 0.87% ✗
• Cap rate: 7.43%
• Cash-on-cash: 4.06%
• DSCR: 1.18
• GRM: 9.6

CMA / ARV

• ARV (median comp): $156,510
• List price: $154,900
• Delta: -1.03%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1302 E Broadway Blvd	0.24mi	3/1.0 (+1)	1,248 (+2%)	7mo	$155,000	$124	75
1935 E 7th St	0.33mi	2/1.0	1,140 (-7%)	5mo	$155,000	$136	69
1823 E 9th St	0.28mi	3/1.0 (+1)	1,086 (-11%)	2mo	$142,500	$131	61
2106 E 9th St	0.44mi	3/1.5 (+1)	1,304 (+6%)	1mo	$160,000	$123	61
1931 E 6th St	0.32mi	3/2.0 (+1)	1,325 (+8%)	2mo	$279,500	$211	60
216 E Jackson St	0.68mi	3/1.0 (+1)	1,248 (+2%)	3mo	$149,000	$119	58
1503 E 11th St	0.28mi	3/1.0 (+1)	1,369 (+12%)	7mo	$220,000	$161	56
429 E Harvey St	0.31mi	3/1.0 (+1)	1,338 (+9%)	16mo	$123,000	$92	52
1305 E 14th St	0.48mi	3/1.0 (+1)	1,136 (-7%)	12mo	$60,000	$53	51
108 E Jackson St	0.70mi	3/2.0 (+1)	1,260 (+3%)	16mo	$205,000	$163	40
1614 E 15th St	0.54mi	3/2.0 (+1)	1,398 (+14%)	6mo	$179,900	$129	37
1101 E 4th St	0.36mi	3/2.0 (+1)	1,381 (+13%)	19mo	$167,000	$121	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -10.0%
• Equity multiple: 0.64×
• Total profit: $-15,830
• Equity at exit: $23,096

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,051
• Equity at exit: $13,393

Cash invested: $43,372 (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 65301

• Home prices YoY: -21.8%
• Active inventory: 213
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,347 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$41 /mo · $491/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $147

Break-even live

Break-even rent $1,162

Max offer price $154,900

Occupancy floor 84%

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1108 E 10th St Sedalia, MO	2.0	1.0	864	$1,750	$2.03	43d	1	0.40mi
1350 E 24th St Sedalia, MO	3.0	2.5	1500	$1,670	$1.11	43d	1	1.12mi

Listing history 28 events

1. 2026-06-17
   days on market $154,900 Active 92 DOM
2. 2026-06-16
   days on market $154,900 Active 91 DOM
3. 2026-06-15
   days on market $154,900 Active 90 DOM
4. 2026-06-14
   days on market $154,900 Active 88 DOM
5. 2026-06-12
   days on market $154,900 Active 87 DOM
6. 2026-06-09
   days on market $154,900 Active 84 DOM
7. 2026-06-08
   days on market $154,900 Active 83 DOM
8. 2026-06-07
   days on market $154,900 Active 82 DOM
9. 2026-06-05
   days on market $154,900 Active 79 DOM
10. 2026-06-03
    days on market $154,900 Active 78 DOM
11. 2026-06-02
    days on market $154,900 Active 77 DOM
12. 2026-06-01
    days on market $154,900 Active 76 DOM
13. 2026-05-31
    days on market $154,900 Active 75 DOM
14. 2026-05-30
    days on market $154,900 Active 74 DOM
15. 2026-05-18
    price $154,900 974-char remark

    Show marketing remark (974 chars)

    Welcome to 603 S New York in the heart of Sedalia! This charming 3-bedroom, 1-bath home was beautifully remodeled in 2023 and is packed with personality and updates you’ll love. From the moment you step inside, you’ll notice the stunning kitchen featuring granite countertops, stylish finishes, and plenty of space to cook and gather. The cool loft area adds flexible living space — perfect for a home office, reading nook, playroom, or extra guest spot! Main floor laundry makes everyday living easy and convenient. Situated on a large corner lot, this home offers a fenced yard ideal for pets, play, or relaxing evenings outside. The detached garage provides extra storage or workshop space, too! Whether you're a first-time buyer ready to start building equity or looking to downsize without sacrificing charm, this one checks all the boxes. Updated, functional, and full of character — don’t miss your chance to call this Sedalia gem home!

16. 2026-05-18
    price $154,900 974-char remark

    Show marketing remark (974 chars)

    Welcome to 603 S New York in the heart of Sedalia! This charming 3-bedroom, 1-bath home was beautifully remodeled in 2023 and is packed with personality and updates you’ll love. From the moment you step inside, you’ll notice the stunning kitchen featuring granite countertops, stylish finishes, and plenty of space to cook and gather. The cool loft area adds flexible living space — perfect for a home office, reading nook, playroom, or extra guest spot! Main floor laundry makes everyday living easy and convenient. Situated on a large corner lot, this home offers a fenced yard ideal for pets, play, or relaxing evenings outside. The detached garage provides extra storage or workshop space, too! Whether you're a first-time buyer ready to start building equity or looking to downsize without sacrificing charm, this one checks all the boxes. Updated, functional, and full of character — don’t miss your chance to call this Sedalia gem home!

17. 2026-04-30
    price $159,900 974-char remark

    Show marketing remark (974 chars)

    Welcome to 603 S New York in the heart of Sedalia! This charming 3-bedroom, 1-bath home was beautifully remodeled in 2023 and is packed with personality and updates you’ll love. From the moment you step inside, you’ll notice the stunning kitchen featuring granite countertops, stylish finishes, and plenty of space to cook and gather. The cool loft area adds flexible living space — perfect for a home office, reading nook, playroom, or extra guest spot! Main floor laundry makes everyday living easy and convenient. Situated on a large corner lot, this home offers a fenced yard ideal for pets, play, or relaxing evenings outside. The detached garage provides extra storage or workshop space, too! Whether you're a first-time buyer ready to start building equity or looking to downsize without sacrificing charm, this one checks all the boxes. Updated, functional, and full of character — don’t miss your chance to call this Sedalia gem home!

18. 2026-04-30
    price $159,900 974-char remark

    Show marketing remark (974 chars)

    Welcome to 603 S New York in the heart of Sedalia! This charming 3-bedroom, 1-bath home was beautifully remodeled in 2023 and is packed with personality and updates you’ll love. From the moment you step inside, you’ll notice the stunning kitchen featuring granite countertops, stylish finishes, and plenty of space to cook and gather. The cool loft area adds flexible living space — perfect for a home office, reading nook, playroom, or extra guest spot! Main floor laundry makes everyday living easy and convenient. Situated on a large corner lot, this home offers a fenced yard ideal for pets, play, or relaxing evenings outside. The detached garage provides extra storage or workshop space, too! Whether you're a first-time buyer ready to start building equity or looking to downsize without sacrificing charm, this one checks all the boxes. Updated, functional, and full of character — don’t miss your chance to call this Sedalia gem home!

19. 2026-03-17
    listed $164,900 Active 974-char remark

    Show marketing remark (974 chars)

    Welcome to 603 S New York in the heart of Sedalia! This charming 3-bedroom, 1-bath home was beautifully remodeled in 2023 and is packed with personality and updates you’ll love. From the moment you step inside, you’ll notice the stunning kitchen featuring granite countertops, stylish finishes, and plenty of space to cook and gather. The cool loft area adds flexible living space — perfect for a home office, reading nook, playroom, or extra guest spot! Main floor laundry makes everyday living easy and convenient. Situated on a large corner lot, this home offers a fenced yard ideal for pets, play, or relaxing evenings outside. The detached garage provides extra storage or workshop space, too! Whether you're a first-time buyer ready to start building equity or looking to downsize without sacrificing charm, this one checks all the boxes. Updated, functional, and full of character — don’t miss your chance to call this Sedalia gem home!

20. 2026-03-17
    listed $164,900 Active 974-char remark

    Show marketing remark (974 chars)

    Welcome to 603 S New York in the heart of Sedalia! This charming 3-bedroom, 1-bath home was beautifully remodeled in 2023 and is packed with personality and updates you’ll love. From the moment you step inside, you’ll notice the stunning kitchen featuring granite countertops, stylish finishes, and plenty of space to cook and gather. The cool loft area adds flexible living space — perfect for a home office, reading nook, playroom, or extra guest spot! Main floor laundry makes everyday living easy and convenient. Situated on a large corner lot, this home offers a fenced yard ideal for pets, play, or relaxing evenings outside. The detached garage provides extra storage or workshop space, too! Whether you're a first-time buyer ready to start building equity or looking to downsize without sacrificing charm, this one checks all the boxes. Updated, functional, and full of character — don’t miss your chance to call this Sedalia gem home!

21. 2023-09-28
    soldstatus
22. 2023-09-27
    soldstatus Closed
23. 2023-08-20
    status Pending
24. 2023-08-10
    historical
25. 2023-08-01
    status Active
26. 2023-05-09
    price $149,900
27. 2023-04-21
    listed $157,900 Active
28. 1987-09-01
    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: $491 · $41/mo
• Projected year-2 tax: $1,503 · $125/mo
• Expected delta: +$1,011/yr (+$84/mo · 205.8%)

ⓘ 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 4/10 Moderate 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,170
• − Mortgage interest: −$8,677
• − Property taxes: −$491
• − Insurance: −$774
• − Repairs & maintenance: −$1,294
• − Management: −$1,294
• − Depreciation: −$4,506
• Taxable loss: −$866
• Est. tax savings @ 24.0%: +$208
• After-tax cash flow: $1,968/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: Sedalia 200
• NCES district ID: 2927830
• Math proficiency: 47% ▼ -1.00%
• Reading proficiency: 46% ▼ -3.00%
• Median HH income: $37,452
• Composite: 38.7/100
• National rank: #4141
• State rank: #89 of 324 in MO

Livability — Sedalia

• Score: 71/100
• State rank: #107
• US rank: #6990

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sedalia, MO
• County: Pettis County · 35,091 people
• City population: 35,091
• Metro: Sedalia, MO
• Population (ZIP): 35,091
• Household income: $58,064
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1021.0

Population outlook (Pettis County) Hauer SSP2

• Today (2025): 41,992 people
• By 2030: 41,584 · -1.0%
• By 2040: 40,483 · -3.6%
• By 2050: 39,049 · -7.0%
• By 2075: 35,413 · -15.7%
• By 2100: 30,870 · -26.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 7% Black 3%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Subsaharan African 3% Lithuanian 2% Italian 1%
• Foreign-born: 7% · Canada
• Languages at home: 87% English-only · Spanish 7% Russian/Polish/Slavic 4% German/W. Germanic 1%

Political lean MEDSL · Pettis

• 2024 margin: Solid R (+48.8) · D 24.9% · R 73.7% · Other 1.4%
• 2008→2024 swing: -26.3pp toward R · 2008: -22.4pp · 2024: -48.8pp
• All cycles: 2024: R+48.8 2020: R+47.5 2016: R+46.9 2012: R+28.8 2008: R+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.80%
• Current HPI: 292.8224
• Rent YoY: —
• Metro: Sedalia, 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

-1.9% since first listed

14 events — show timeline

• 2026-05-18 Price Changed $154,900 Heartland MLS as Distributed by MLS Grid
• 2026-05-18 Price Changed $154,900 WCAR
• 2026-04-30 Price Changed $159,900 WCAR
• 2026-04-30 Price Changed $159,900 Heartland MLS as Distributed by MLS Grid
• 2026-03-17 Listed $164,900 WCAR
• 2026-03-17 Listed $164,900 Heartland MLS as Distributed by MLS Grid
• 2023-09-28 Sold (Public Records) — Public Records
• 2023-09-27 Sold (MLS) — WCAR
• 2023-08-20 Pending — WCAR
• 2023-08-10 Delisted — WCAR
• 2023-08-01 Relisted — WCAR
• 2023-05-09 Price Changed $149,900 WCAR
• 2023-04-21 Listed $157,900 WCAR
• 1987-09-01 Sold (Public Records) — Public Records

Property tax history

+2.6%/yr

Latest (2025): $491 · +4.4% YoY. Source: county tax records.