824 St. Anne · New Madrid, MO 63869

$107,500

3 bd · 1.0 ba · 1,070 sqft · Other public records · 27 Days on market

Built 1976

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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 +14.6/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks

Great affordable, starter home in an established neighborhood. 3 bedrooms, 1 bath. 1 car carport with attached storage.

Key facts

• Parking
• Built 1976
• Listed 26 days

Property features AI

Finance

• Financial info: Seller may consider concessions; Lease not considered

Exterior

• Parking: Carport with space for 1 vehicle
• Utilities: Public water; Public sewer; Electricity connected (single phase)
• Home design: Single-family residence; One story; Residential property
• Construction: Brick and vinyl siding construction
• Exterior features: Front and back yard; Paved city street frontage

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Street lights in the community

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $108k.

Deal economics

• At list price, monthly cash flow is $25 ($304/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 $86k (19.8% below list).
• Recommended offer: $86k (19.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#309 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B+; Watch: health & safety C-, crime D, amenities F.
• New Madrid County R-I (rural): math 20% / reading 31% proficiency, ranked #291 of 324 in MO (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: New Madrid Elementary (math 37% / reading 32%, grade F, #676 of 1,115 statewide, top 66%, 280 students, 100% FRL); Central High School (math 2% / reading 32%, grade F, #483 of 521 statewide, top 93%, 400 students, 100% FRL) — zoned schools average 100% FRL vs 63% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 15 active listings in the ZIP; 11 units permitted in New Madrid County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($743 loan paydown + $11k appreciation (10.0% local appreciation)).
• New Madrid County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $30k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($106k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,192 (19.8% below list)

Questions for the listing agent

1. Built in 1976 — 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 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?
4. Crime grade is D 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: 6.58%
• Cash-on-cash: 1.01%
• DSCR: 1.04
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.0%
• Equity multiple: 3.00×
• Total profit: $60,121
• Equity at exit: $96,845

10-year hold

• IRR: 22.0%
• Equity multiple: 6.84×
• Total profit: $175,696
• Equity at exit: $208,849

Cash invested: $30,100 (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 63869

• Home prices YoY: 22.5%
• Active inventory: 15
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $862 medium
• Mortgage (P&I): −$564
• Tax from tax record: −$47 /mo · $564/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$181
• Net cashflow: $25

Break-even live

Break-even rent $830

Max offer price $107,500

Occupancy floor 92%

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: $26,875
• Closing costs: $3,225
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $107,500 Active 27 DOM
2. 2026-06-17
   days on market $107,500 Active 26 DOM
3. 2026-06-16
   days on market $107,500 Active 25 DOM
4. 2026-06-15
   days on market $107,500 Active 24 DOM
5. 2026-06-13
   days on market $107,500 Active 22 DOM
6. 2026-06-12
   days on market $107,500 Active 21 DOM
7. 2026-06-09
   days on market $107,500 Active 18 DOM
8. 2026-06-08
   days on market $107,500 Active 17 DOM
9. 2026-06-07
   days on market $107,500 Active 16 DOM
10. 2026-06-07
    days on market $107,500 Active 15 DOM
11. 2026-06-04
    days on market $107,500 Active 12 DOM
12. 2026-06-02
    days on market $107,500 Active 11 DOM
13. 2026-06-01
    days on market $107,500 Active 10 DOM
14. 2026-05-31
    days on market $107,500 Active 9 DOM
15. 2026-05-23
    price $107,500
16. 2026-05-22
    listed $10,750,000 Active

ⓘ 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: $564 · $47/mo
• Projected year-2 tax: $1,043 · $87/mo
• Expected delta: +$478/yr (+$40/mo · 84.8%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,343
• − Mortgage interest: −$6,022
• − Property taxes: −$564
• − Insurance: −$538
• − Repairs & maintenance: −$827
• − Management: −$827
• − Depreciation: −$3,127
• Taxable loss: −$1,563
• Est. tax savings @ 24.0%: +$375
• After-tax cash flow: $679/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: New Madrid County R-I
• NCES district ID: 2900004
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 31% ▼ -7.00%
• Median HH income: $31,286
• Composite: 20.64/100
• National rank: #8543
• State rank: #291 of 324 in MO

Livability — New Madrid

• Score: 64/100
• State rank: #309
• US rank: #14083

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Madrid, MO
• Population (ZIP): 3,184

Population outlook (New Madrid County) Hauer SSP2

• Today (2025): 16,712 people
• By 2030: 15,845 · -5.2%
• By 2040: 14,152 · -15.3%
• By 2050: 12,604 · -24.6%
• By 2075: 9,478 · -43.3%
• By 2100: 7,157 · -57.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 17% Two or more races 6%
• Common ancestry: Lithuanian 1% Italian 1%
• Foreign-born: 1% · South Korea, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · New Madrid

• 2024 margin: Solid R (+53.5) · D 22.9% · R 76.4%
• 2008→2024 swing: -38.4pp toward R · 2008: -15.1pp · 2024: -53.5pp
• All cycles: 2024: R+53.5 2020: R+51.0 2016: R+45.4 2012: R+20.3 2008: R+15.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 50.78%
• Current HPI: 276.21
• 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

-99.0% since first listed

2 events — show timeline

• 2026-05-23 Price Changed $107,500 MARIS as Distributed by MLS Grid
• 2026-05-22 Listed $10,750,000 MARIS as Distributed by MLS Grid

Property tax history

+2.2%/yr

Latest (2025): $564 · +7.5% YoY. Source: county tax records.