511 Dixie St · Parma, MO 63870

$65,000

3 bd · 2.0 ba · 1,280 sqft · Other public records · 165 Days on market

Built 1966 7,492 sqft lot ↓ 7% 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 +5.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

Welcome to this charming 3-bedroom, 2-bath home situated on a peaceful street. You’ll love the spacious yard and the large screened-in entertainment area—perfect for hosting gatherings or enjoying the quiet outdoors. A must-see property that combines comfort, charm, and functionality.

Key facts

• Spacious yard
• 7,492 sq ft lot
• Garage

Tags

• SPACIOUS YARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $65k.

Deal economics

• At list price, monthly cash flow is $426 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 50/100 on livability (#906 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: health & safety C-, schools F, crime 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.
• Market conditions: 3 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 $579 of equity ($449 loan paydown + $130 appreciation (0.2% 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 (0.2% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 165 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 165 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — 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: 1.60% ✓
• Cap rate: 14.16%
• Cash-on-cash: 28.10%
• DSCR: 2.25
• GRM: 5.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.9%
• Equity multiple: 2.42×
• Total profit: $25,841
• Equity at exit: $19,524

10-year hold

• IRR: 32.3%
• Equity multiple: 4.66×
• Total profit: $66,614
• Equity at exit: $23,995

Cash invested: $18,200 (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 63870

• Home prices YoY: 0.1%
• Active inventory: 3
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,041 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$28 /mo · $336/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $426

Break-even live

Break-even rent $501

Max offer price $65,000

Occupancy floor 54%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-02-23
   status Pending 297-char remark

   Show marketing remark (297 chars)

   Welcome to this charming 3-bedroom, 2-bath home situated on a peaceful street. You’ll love the spacious yard and the large screened-in entertainment area—perfect for hosting gatherings or enjoying the quiet outdoors. A must-see property that combines comfort, charm, and functionality.

2. 2026-01-08
   price $65,000 297-char remark

   Show marketing remark (297 chars)

   Welcome to this charming 3-bedroom, 2-bath home situated on a peaceful street. You’ll love the spacious yard and the large screened-in entertainment area—perfect for hosting gatherings or enjoying the quiet outdoors. A must-see property that combines comfort, charm, and functionality.

3. 2025-10-08
   status Active 297-char remark

   Show marketing remark (297 chars)

   Welcome to this charming 3-bedroom, 2-bath home situated on a peaceful street. You’ll love the spacious yard and the large screened-in entertainment area—perfect for hosting gatherings or enjoying the quiet outdoors. A must-see property that combines comfort, charm, and functionality.

4. 2025-09-25
   status Pending 297-char remark

   Show marketing remark (297 chars)

   Welcome to this charming 3-bedroom, 2-bath home situated on a peaceful street. You’ll love the spacious yard and the large screened-in entertainment area—perfect for hosting gatherings or enjoying the quiet outdoors. A must-see property that combines comfort, charm, and functionality.

5. 2025-08-29
   listed $70,000 Active 297-char remark

   Show marketing remark (297 chars)

   Welcome to this charming 3-bedroom, 2-bath home situated on a peaceful street. You’ll love the spacious yard and the large screened-in entertainment area—perfect for hosting gatherings or enjoying the quiet outdoors. A must-see property that combines comfort, charm, and functionality.

ⓘ 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: $336 · $28/mo
• Projected year-2 tax: $630 · $53/mo
• Expected delta: +$294/yr (+$25/mo · 87.5%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 21 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: $12,489
• − Mortgage interest: −$3,641
• − Property taxes: −$336
• − Insurance: −$325
• − Repairs & maintenance: −$999
• − Management: −$999
• − Depreciation: −$1,891
• Taxable income: $4,298
• Est. tax owed @ 24.0%: −$1,032
• After-tax cash flow: $4,084/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 — Parma

• Score: 50/100
• State rank: #906
• US rank: #25639

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parma, MO
• Population (ZIP): 1,058

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 (68%)
• Race & ethnicity: White 68% Black 15% Two or more races 13% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 2% Serbian 1% Romanian 1%
• Foreign-born: 0% · Canada
• Languages at home: 94% English-only · Spanish 6%

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: ▲ 0.20%
• Current HPI: 205.8215
• 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

-7.1% since first listed

5 events — show timeline

• 2026-02-23 Pending — MARIS as Distributed by MLS Grid
• 2026-01-08 Price Changed $65,000 MARIS as Distributed by MLS Grid
• 2025-10-08 Relisted — MARIS as Distributed by MLS Grid
• 2025-09-25 Pending — MARIS as Distributed by MLS Grid
• 2025-08-29 Listed $70,000 MARIS as Distributed by MLS Grid

Property tax history

+2.7%/yr

Latest (2025): $336 · +8.3% YoY. Source: county tax records.