2026 S Wall Ave · Joplin, MO 64801

$148,800

2 bd · 1.0 ba · 1,180 sqft · Other · 9 Days on market

Built 1920 6,534 sqft lot

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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 +15.2/30.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Watch the world go by on the wrap around porch of the charming home conveniently located in central Joplin. Featuring 2 living areas and updated interior. This home also has updated electrical and plumbing with new central air to be installed prior to closing. If you're looking for a great first home or investment, look no farther!

Key facts

• Catio
• Pocket doors
• 6,534 sq ft lot

Tags

• POCKET DOORS
• CATIO

Property features AI

Exterior

• Parking: No garage
• Utilities: Public sewer
• Home design: Single-family residence (freestanding)
• Construction: Vinyl siding; Stone foundation; Built area above grade: 1,180
• Exterior features: Shingle roof; Parking pad; Lot approximately 0.15 acres (about 6,650 sq ft)

Interior

• Kitchen: Gas range; Refrigerator; Dishwasher
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Natural gas heating; Has cooling
• Interior features: Eat-in kitchen; Total of 6 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $149k.

Deal economics

• At list price, monthly cash flow is $51 ($618/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 $119k (19.7% below list).
• Recommended offer: $119k (19.7% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 5.1% in Joplin — 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 64/100 on livability (#318 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Joplin Schools (urban): math 30% / reading 39% proficiency, ranked #231 of 324 in MO (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Irving Elementary (math 29% / reading 30%, grade F, #813 of 1,115 statewide, top 75%, 527 students, 67% FRL); South Middle (math 40% / reading 48%, grade D, #121 of 391 statewide, top 32%, 573 students, 47% FRL); Joplin High (math 32% / reading 46%, grade F, #287 of 521 statewide, top 55%, 2,233 students, 50% FRL) — zoned schools at 55% FRL track the district average.
• Market conditions: Rents rising (+3.0%/yr); 377 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 602 units permitted in Jasper County in 2024 (0 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.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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 1920 — 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 $119,494 (19.7% below list)

Questions for the listing agent

1. Built in 1920 — 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 D-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. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.80% ✗
• Cap rate: 6.71%
• Cash-on-cash: 1.48%
• DSCR: 1.07
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.95% rent growth · sell at horizon

5-year hold

• IRR: -14.0%
• Equity multiple: 0.50×
• Total profit: $-20,959
• Equity at exit: $22,187

10-year hold

• IRR: -5.4%
• Equity multiple: 0.65×
• Total profit: $-14,541
• Equity at exit: $12,866

Cash invested: $41,664 (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 64801

• Rents YoY: 3.0%
• Active inventory: 377
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,195 high
• Mortgage (P&I): −$780
• Tax from tax record: −$50 /mo · $602/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $51

Break-even live

Break-even rent $1,130

Max offer price $148,800

Occupancy floor 91%

Sensitivity live

Price	-10% $136	-5% $94	+0% $51	+5% $9	+10% $-33
Rent	-10% $-43	-5% $4	+0% $51	+5% $99	+10% $146
Rate	-1.0pp $126	-0.5pp $89	base $51	+0.5pp $13	+1.0pp $-26

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: $37,200
• Closing costs: $4,464
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2201 S Pearl Ave Joplin, MO	3.0	2.0	1487	$1,475	$0.99	22d	1	0.14mi
2010 S Moffet Ave Joplin, MO	2.0	1.0	1000	$950	$0.95	22d	1	0.17mi
1806 Pennsylvania Ave Joplin, MO	3.0	1.0	1295	$1,050	$0.81	22d	1	0.32mi
2012 S Connor Ave Joplin, MO	3.0	2.0	1379	$1,595	$1.16	22d	1	0.36mi
2602 S Moffet Ave Joplin, MO	3.0	2.0	1214	$1,300	$1.07	22d	1	0.51mi
1907 S Picher Ave Joplin, MO	2.0	1.0	1032	$900	$0.87	22d	1	0.53mi
623 W Junge Blvd Joplin, MO	3.0	2.0	1217	$1,500	$1.23	22d	1	0.61mi
2830 S Pearl Ave Joplin, MO	2.0	2.0	1000	$1,200	$1.20	22d	1	0.71mi
1715 Wisconsin Ave #2 Joplin, MO	2.0	2.0	1000	$900	$0.90	22d	1	0.87mi
3117 S Wall Ave Joplin, MO	2.0	1.0	944	$1,095	$1.16	22d	1	0.93mi
2521 S Tyler Ave Joplin, MO	3.0	2.0	1500	$1,700	$1.13	22d	1	1.18mi
524 S Moffet Ave Joplin, MO	3.0	1.0	900	$855	$0.95	22d	1	1.18mi
2515 S Willard Ave Joplin, MO	3.0	2.0	1500	$1,600	$1.07	22d	1	1.32mi
2019 W 26th St Joplin, MO	2.0	2.0	1000	$1,100	$1.10	22d	1	1.33mi
1119 S Saint Louis Ave Joplin, MO	2.0	1.5	904	$1,100	$1.22	22d	1	1.38mi
1107 E 34th St Joplin, MO	1.0	1.0	720	$1,250	$1.74	22d	1	1.43mi
120 /122 S Pearl Ave #122 Joplin, MO	3.0	2.0	1200	$1,250	$1.04	22d	1	1.45mi
2002 W 11th St Joplin, MO	3.0	1.0	1200	$1,200	$1.00	22d	1	1.45mi

Listing history 8 events

1. 2026-06-21
   days on market $148,800 Active 9 DOM
2. 2026-06-19
   days on market $148,800 Active 7 DOM
3. 2026-06-18
   days on market $148,800 Active 6 DOM
4. 2026-06-17
   days on market $148,800 Active 5 DOM
5. 2026-06-16
   days on market $148,800 Active 4 DOM
6. 2026-06-15
   days on market $148,800 Active 3 DOM
7. 2026-06-13
   remarks 253-char remark
8. 2026-06-13
   listed $148,800 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: $602 · $50/mo
• Projected year-2 tax: $1,443 · $120/mo
• Expected delta: +$841/yr (+$70/mo · 139.6%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,339
• − Mortgage interest: −$8,335
• − Property taxes: −$602
• − Insurance: −$744
• − Repairs & maintenance: −$1,147
• − Management: −$1,147
• − Depreciation: −$4,329
• Taxable loss: −$1,965
• Est. tax savings @ 24.0%: +$472
• After-tax cash flow: $1,089/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: Joplin Schools
• NCES district ID: 2916350
• Math proficiency: 30% ▼ -3.00%
• Reading proficiency: 39% ▼ -3.00%
• Median HH income: $38,648
• Composite: 28.82/100
• National rank: #6657
• State rank: #231 of 324 in MO

Livability — Joplin

• Score: 64/100
• State rank: #318
• US rank: #14578

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Joplin, MO
• County: Jasper County · 79,035 people
• City population: 73,303
• Metro: Joplin, MO
• Population (ZIP): 36,287
• Household income: $52,620
• Rent vs Own: 46.7% rent · 53.3% own
• Severe rent burden: 1710.0

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 120,033 people
• By 2030: 120,091 · +0.0%
• By 2040: 119,297 · -0.6%
• By 2050: 117,705 · -1.9%
• By 2075: 110,402 · -8.0%
• By 2100: 99,719 · -16.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 6% Black 3% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 3% Other Asian/Pacific 1%

Political lean MEDSL · Jasper

• 2024 margin: Solid R (+46.8) · D 25.9% · R 72.7% · Other 1.4%
• 2008→2024 swing: -13.6pp toward R · 2008: -33.2pp · 2024: -46.8pp
• All cycles: 2024: R+46.8 2020: R+46.2 2016: R+50.8 2012: R+41.0 2008: R+33.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -174.15%
• Current HPI: 248.5056
• Rent YoY: ▲ 2.95%
• Metro: Joplin, 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

+128.9% since first listed

10 events — show timeline

• 2026-06-12 Listed $148,800 OGAR
• 2023-12-11 Sold (Public Records) — Public Records
• 2023-12-07 Sold (MLS) — OGAR
• 2023-11-06 Pending — OGAR
• 2023-11-01 Listed $129,900 OGAR
• 2022-08-30 Sold (MLS) — OGAR
• 2022-05-23 Delisted — OGAR
• 2022-05-17 Listed $65,000 OGAR
• 2008-01-16 Sold (Public Records) — Public Records
• 1998-01-23 Sold (Public Records) — Public Records

Property tax history

+3.3%/yr

Latest (2025): $602 · +23.9% YoY. Source: county tax records.