506 E Fifth St · Urich, MO 64788

$38,300

3 bd · 1.0 ba · 1,272 sqft · Other public records · 75 Days on market

Built 1956 0.36 ac lot $30/sqft · 72% below area ↓ 15% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.4/5.0

Listing remarks MLS

506 E Fifth Street, Urich, MO 64788 3 Bed | 1 Bath | Large Lot | Investor Special Opportunity knocks in the heart of Urich! This 3-bedroom, 1-bathroom home sits on a spacious lot and is ready for someone with a vision to bring it back to life. Whether you're an investor looking for your next flip, a buyer eager to build equity, or someone searching for an affordable project home to make your own — this property checks the box. Priced to reflect its as-is condition, the home offers a solid canvas for a full remodel. The generous lot size provides room to breathe and potential for outdoor living space, a garden, outbuildings, or storage. Urich is a welcoming small-town community located right off Hwy 7, conveniently positioned near Truman Lake and featuring a beautifully updated City Park and a quaint Main Street. Kansas City is approximately 52 miles away, making this a peaceful retreat with reasonable access to metro amenities. Property Highlights: 3 Bedrooms / 1 Bathroom Large lot with room to grow Priced for remodel — instant equity potential Quiet residential street Close to Hwy 7 corridor & Truman Lake area Owner/Agent Sold as-is. Buyer to verify all information. Cash or renovation financing preferred.

Key facts

• Garden
• Large lot
• Spacious lot

Tags

• LARGE LOT
• SPACIOUS LOT
• OUTDOOR LIVING SPACE
• GARDEN
• QUIET RESIDENTIAL STREET

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $38k.

Deal economics

• At list price, monthly cash flow is $617 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $38k).
• Recommended offer: $36k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 48/100 on livability (#938 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: schools F, crime F, amenities F.
• Sherwood Cass R-VIII (rural): math 38% / reading 43% proficiency, ranked #138 of 324 in MO (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 12 active listings in the ZIP; 15 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($265 loan paydown + $1k appreciation (3.0% local appreciation)).
• Henry County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($36k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $36,002 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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. 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: 2.91% ✓
• Cap rate: 25.61%
• Cash-on-cash: 68.99%
• DSCR: 4.07
• GRM: 2.9

CMA / ARV

• ARV (median comp): $137,685
• List price: $38,300
• Delta: -72.18%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 73.7%
• Equity multiple: 5.09×
• Total profit: $43,897
• Equity at exit: $17,221

10-year hold

• IRR: 73.2%
• Equity multiple: 10.44×
• Total profit: $101,268
• Equity at exit: $26,540

Cash invested: $10,724 (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 64788

• Active inventory: 12
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,116 medium
• Mortgage (P&I): −$201
• Tax from tax record: −$49 /mo · $582/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $617

Break-even live

Break-even rent $336

Max offer price $38,300

Occupancy floor 40%

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: $9,575
• Closing costs: $1,149
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $38,300 Active 75 DOM
2. 2026-06-17
   days on market $38,300 Active 74 DOM
3. 2026-06-16
   days on market $38,300 Active 73 DOM
4. 2026-06-15
   days on market $38,300 Active 72 DOM
5. 2026-06-13
   days on market $38,300 Active 70 DOM
6. 2026-06-12
   days on market $38,300 Active 69 DOM
7. 2026-06-09
   days on market $38,300 Active 66 DOM
8. 2026-06-08
   days on market $38,300 Active 65 DOM
9. 2026-06-07
   days on market $38,300 Active 64 DOM
10. 2026-06-07
    days on market $38,300 Active 63 DOM
11. 2026-06-04
    days on market $38,300 Active 60 DOM
12. 2026-06-02
    days on market $38,300 Active 59 DOM
13. 2026-06-01
    days on market $38,300 Active 58 DOM
14. 2026-05-31
    days on market $38,300 Active 57 DOM
15. 2026-05-14
    price $38,300 1245-char remark

    Show marketing remark (1245 chars)

    506 E Fifth Street, Urich, MO 64788 3 Bed | 1 Bath | Large Lot | Investor Special Opportunity knocks in the heart of Urich! This 3-bedroom, 1-bathroom home sits on a spacious lot and is ready for someone with a vision to bring it back to life. Whether you're an investor looking for your next flip, a buyer eager to build equity, or someone searching for an affordable project home to make your own — this property checks the box. Priced to reflect its as-is condition, the home offers a solid canvas for a full remodel. The generous lot size provides room to breathe and potential for outdoor living space, a garden, outbuildings, or storage. Urich is a welcoming small-town community located right off Hwy 7, conveniently positioned near Truman Lake and featuring a beautifully updated City Park and a quaint Main Street. Kansas City is approximately 52 miles away, making this a peaceful retreat with reasonable access to metro amenities. Property Highlights: 3 Bedrooms / 1 Bathroom Large lot with room to grow Priced for remodel — instant equity potential Quiet residential street Close to Hwy 7 corridor & Truman Lake area Owner/Agent Sold as-is. Buyer to verify all information. Cash or renovation financing preferred.

16. 2026-04-28
    price $39,900 1245-char remark

    Show marketing remark (1245 chars)

    506 E Fifth Street, Urich, MO 64788 3 Bed | 1 Bath | Large Lot | Investor Special Opportunity knocks in the heart of Urich! This 3-bedroom, 1-bathroom home sits on a spacious lot and is ready for someone with a vision to bring it back to life. Whether you're an investor looking for your next flip, a buyer eager to build equity, or someone searching for an affordable project home to make your own — this property checks the box. Priced to reflect its as-is condition, the home offers a solid canvas for a full remodel. The generous lot size provides room to breathe and potential for outdoor living space, a garden, outbuildings, or storage. Urich is a welcoming small-town community located right off Hwy 7, conveniently positioned near Truman Lake and featuring a beautifully updated City Park and a quaint Main Street. Kansas City is approximately 52 miles away, making this a peaceful retreat with reasonable access to metro amenities. Property Highlights: 3 Bedrooms / 1 Bathroom Large lot with room to grow Priced for remodel — instant equity potential Quiet residential street Close to Hwy 7 corridor & Truman Lake area Owner/Agent Sold as-is. Buyer to verify all information. Cash or renovation financing preferred.

17. 2026-04-13
    price $42,500 1245-char remark

    Show marketing remark (1245 chars)

    506 E Fifth Street, Urich, MO 64788 3 Bed | 1 Bath | Large Lot | Investor Special Opportunity knocks in the heart of Urich! This 3-bedroom, 1-bathroom home sits on a spacious lot and is ready for someone with a vision to bring it back to life. Whether you're an investor looking for your next flip, a buyer eager to build equity, or someone searching for an affordable project home to make your own — this property checks the box. Priced to reflect its as-is condition, the home offers a solid canvas for a full remodel. The generous lot size provides room to breathe and potential for outdoor living space, a garden, outbuildings, or storage. Urich is a welcoming small-town community located right off Hwy 7, conveniently positioned near Truman Lake and featuring a beautifully updated City Park and a quaint Main Street. Kansas City is approximately 52 miles away, making this a peaceful retreat with reasonable access to metro amenities. Property Highlights: 3 Bedrooms / 1 Bathroom Large lot with room to grow Priced for remodel — instant equity potential Quiet residential street Close to Hwy 7 corridor & Truman Lake area Owner/Agent Sold as-is. Buyer to verify all information. Cash or renovation financing preferred.

18. 2026-04-04
    listed $44,900 Active 1245-char remark

    Show marketing remark (1245 chars)

    506 E Fifth Street, Urich, MO 64788 3 Bed | 1 Bath | Large Lot | Investor Special Opportunity knocks in the heart of Urich! This 3-bedroom, 1-bathroom home sits on a spacious lot and is ready for someone with a vision to bring it back to life. Whether you're an investor looking for your next flip, a buyer eager to build equity, or someone searching for an affordable project home to make your own — this property checks the box. Priced to reflect its as-is condition, the home offers a solid canvas for a full remodel. The generous lot size provides room to breathe and potential for outdoor living space, a garden, outbuildings, or storage. Urich is a welcoming small-town community located right off Hwy 7, conveniently positioned near Truman Lake and featuring a beautifully updated City Park and a quaint Main Street. Kansas City is approximately 52 miles away, making this a peaceful retreat with reasonable access to metro amenities. Property Highlights: 3 Bedrooms / 1 Bathroom Large lot with room to grow Priced for remodel — instant equity potential Quiet residential street Close to Hwy 7 corridor & Truman Lake area Owner/Agent Sold as-is. Buyer to verify all information. Cash or renovation financing preferred.

19. 2003-07-02
    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: $582 · $49/mo
• Projected year-2 tax: $582 · $49/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥108°F today · 17 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: $13,395
• − Mortgage interest: −$2,145
• − Property taxes: −$582
• − Insurance: −$192
• − Repairs & maintenance: −$1,072
• − Management: −$1,072
• − Depreciation: −$1,114
• Taxable income: $7,218
• Est. tax owed @ 24.0%: −$1,732
• After-tax cash flow: $5,666/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: Sherwood Cass R-VIII
• NCES district ID: 2910320
• Math proficiency: 38% ▼ -4.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $46,052
• Composite: 34.52/100
• National rank: #5177
• State rank: #138 of 324 in MO

Livability — Urich

• Score: 48/100
• State rank: #938
• US rank: #26072

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Urich, MO
• Population (ZIP): 1,457

Population outlook (Henry County) Hauer SSP2

• Today (2025): 20,584 people
• By 2030: 19,839 · -3.6%
• By 2040: 18,305 · -11.1%
• By 2050: 16,893 · -17.9%
• By 2075: 14,285 · -30.6%
• By 2100: 11,905 · -42.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Serbian 3% Italian 2% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 1% French/Haitian/Cajun 1%

Political lean MEDSL · Henry

• 2024 margin: Solid R (+52.6) · D 23.2% · R 75.8% · Other 1.0%
• 2008→2024 swing: -41.6pp toward R · 2008: -11.0pp · 2024: -52.6pp
• All cycles: 2024: R+52.6 2020: R+50.1 2016: R+47.9 2012: R+25.9 2008: R+11.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

-14.7% since first listed

5 events — show timeline

• 2026-05-14 Price Changed $38,300 WCAR
• 2026-04-28 Price Changed $39,900 WCAR
• 2026-04-13 Price Changed $42,500 WCAR
• 2026-04-04 Listed $44,900 WCAR
• 2003-07-02 Sold (Public Records) — Public Records

Property tax history

+3.2%/yr

Latest (2025): $582 · -5.9% YoY. Source: county tax records.