1103 Lester St · Poplar Bluff, MO 63901

$129,999

3 bd · 2.0 ba · 1,715 sqft · Other public records · 119 Days on market

Built 1940 7,148 sqft lot $76/sqft · at area comps Est $134k · at est. ↓ 7% since listing

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Why this score? — see what drove the C 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 +23.3/30.0
• ARV discount +8.8/15.0
• DSCR +7.5/10.0
• 1% rule +4.8/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 1940s traditional cottage offering approximately 1,700 square feet of living space on a desirable corner lot. This 3-bedroom, 2-bath home blends classic character with flexible living areas throughout. The spacious primary bedroom provides comfort and privacy, while multiple non-conforming rooms offer endless possibilities for additional sleeping areas, office space, hobby rooms, or playrooms. A large finished attic adds even more usable square footage and just needs a little TLC to truly shine. The basement includes multiple rooms for storage, workshop space, or future finishing potential, plus the convenience of a basement parking garage. With timeless cottage charm and room to grow, this home offers versatility for families, investors, or buyers needing flexible space. The corner lot location adds curb appeal and yard space to enjoy. Schedule your showing today and explore the possibilities!

Key facts

• 7,148 sq ft lot
• Garage
• Built 1940

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $130k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/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 $127k (2.0% below list).
• Recommended offer: $118k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.4% in Poplar Bluff — 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 70/100 on livability (#143 in MO) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Poplar Bluff R-I (town): math 38% / reading 47% proficiency, ranked #127 of 324 in MO (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 274 active listings in the ZIP; 63 units permitted in Butler County in 2024 (48 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Butler County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($118k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• 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 $118,299 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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. 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.
6. 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.
7. 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: 0.98% ✗
• Cap rate: 8.48%
• Cash-on-cash: 7.82%
• DSCR: 1.35
• GRM: 8.5

CMA / ARV

• ARV (median comp): $133,749
• List price: $129,999
• Delta: -2.80%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -4.4%
• Equity multiple: 0.83×
• Total profit: $-6,017
• Equity at exit: $19,383

10-year hold

• IRR: 5.2%
• Equity multiple: 1.38×
• Total profit: $13,970
• Equity at exit: $11,240

Cash invested: $36,400 (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 63901

• Home prices YoY: -22.4%
• Active inventory: 274
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,274 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$33 /mo · $397/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $237

Break-even live

Break-even rent $973

Max offer price $129,999

Occupancy floor 76%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $129,999 Active 119 DOM
2. 2026-06-17
   days on market $129,999 Active 118 DOM
3. 2026-06-16
   days on market $129,999 Active 117 DOM
4. 2026-06-15
   days on market $129,999 Active 116 DOM
5. 2026-06-13
   days on market $129,999 Active 114 DOM
6. 2026-06-12
   days on market $129,999 Active 113 DOM
7. 2026-06-09
   days on market $129,999 Active 110 DOM
8. 2026-06-08
   days on market $129,999 Active 109 DOM
9. 2026-06-07
   days on market $129,999 Active 108 DOM
10. 2026-06-04
    days on market $129,999 Active 104 DOM
11. 2026-06-02
    days on market $129,999 Active 103 DOM
12. 2026-06-01
    days on market $129,999 Active 102 DOM
13. 2026-05-31
    days on market $129,999 Active 101 DOM
14. 2026-04-09
    price $129,999 919-char remark

    Show marketing remark (919 chars)

    Charming 1940s traditional cottage offering approximately 1,700 square feet of living space on a desirable corner lot. This 3-bedroom, 2-bath home blends classic character with flexible living areas throughout. The spacious primary bedroom provides comfort and privacy, while multiple non-conforming rooms offer endless possibilities for additional sleeping areas, office space, hobby rooms, or playrooms. A large finished attic adds even more usable square footage and just needs a little TLC to truly shine. The basement includes multiple rooms for storage, workshop space, or future finishing potential, plus the convenience of a basement parking garage. With timeless cottage charm and room to grow, this home offers versatility for families, investors, or buyers needing flexible space. The corner lot location adds curb appeal and yard space to enjoy. Schedule your showing today and explore the possibilities!

15. 2026-02-20
    listed $13,999 Active 919-char remark

    Show marketing remark (919 chars)

    Charming 1940s traditional cottage offering approximately 1,700 square feet of living space on a desirable corner lot. This 3-bedroom, 2-bath home blends classic character with flexible living areas throughout. The spacious primary bedroom provides comfort and privacy, while multiple non-conforming rooms offer endless possibilities for additional sleeping areas, office space, hobby rooms, or playrooms. A large finished attic adds even more usable square footage and just needs a little TLC to truly shine. The basement includes multiple rooms for storage, workshop space, or future finishing potential, plus the convenience of a basement parking garage. With timeless cottage charm and room to grow, this home offers versatility for families, investors, or buyers needing flexible space. The corner lot location adds curb appeal and yard space to enjoy. Schedule your showing today and explore the possibilities!

16. 2026-02-16
    historical $13,999 919-char remark

    Show marketing remark (919 chars)

    Charming 1940s traditional cottage offering approximately 1,700 square feet of living space on a desirable corner lot. This 3-bedroom, 2-bath home blends classic character with flexible living areas throughout. The spacious primary bedroom provides comfort and privacy, while multiple non-conforming rooms offer endless possibilities for additional sleeping areas, office space, hobby rooms, or playrooms. A large finished attic adds even more usable square footage and just needs a little TLC to truly shine. The basement includes multiple rooms for storage, workshop space, or future finishing potential, plus the convenience of a basement parking garage. With timeless cottage charm and room to grow, this home offers versatility for families, investors, or buyers needing flexible space. The corner lot location adds curb appeal and yard space to enjoy. Schedule your showing today and explore the possibilities!

17. 2026-02-16
    price $139,999 919-char remark

    Show marketing remark (919 chars)

    Charming 1940s traditional cottage offering approximately 1,700 square feet of living space on a desirable corner lot. This 3-bedroom, 2-bath home blends classic character with flexible living areas throughout. The spacious primary bedroom provides comfort and privacy, while multiple non-conforming rooms offer endless possibilities for additional sleeping areas, office space, hobby rooms, or playrooms. A large finished attic adds even more usable square footage and just needs a little TLC to truly shine. The basement includes multiple rooms for storage, workshop space, or future finishing potential, plus the convenience of a basement parking garage. With timeless cottage charm and room to grow, this home offers versatility for families, investors, or buyers needing flexible space. The corner lot location adds curb appeal and yard space to enjoy. Schedule your showing today and explore the possibilities!

18. 2006-10-17
    soldstatus
19. 1994-08-01
    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: $397 · $33/mo
• Projected year-2 tax: $1,261 · $105/mo
• Expected delta: +$864/yr (+$72/mo · 217.9%)

ⓘ 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 6/10 Major 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,284
• − Mortgage interest: −$7,282
• − Property taxes: −$397
• − Insurance: −$650
• − Repairs & maintenance: −$1,223
• − Management: −$1,223
• − Depreciation: −$3,782
• Taxable income: $728
• Est. tax owed @ 24.0%: −$175
• After-tax cash flow: $2,672/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: Poplar Bluff R-I
• NCES district ID: 2925450
• Math proficiency: 38% ▼ -4.00%
• Reading proficiency: 47% ▼ -3.00%
• Median HH income: $35,761
• Composite: 35.17/100
• National rank: #5001
• State rank: #127 of 324 in MO

Livability — Poplar Bluff

• Score: 70/100
• State rank: #143
• US rank: #8135

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Poplar Bluff, MO
• City population: 34,920
• Population (ZIP): 34,920

Population outlook (Butler County) Hauer SSP2

• Today (2025): 42,648 people
• By 2030: 42,329 · -0.7%
• By 2040: 41,498 · -2.7%
• By 2050: 40,308 · -5.5%
• By 2075: 36,168 · -15.2%
• By 2100: 28,893 · -32.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Black 5% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Lithuanian 1% Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Butler

• 2024 margin: Solid R (+63.8) · D 17.7% · R 81.5%
• 2008→2024 swing: -26.4pp toward R · 2008: -37.4pp · 2024: -63.8pp
• All cycles: 2024: R+63.8 2020: R+62.3 2016: R+61.6 2012: R+46.7 2008: R+37.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.64%
• Current HPI: 175.3008
• 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

6 events — show timeline

• 2026-04-09 Price Changed $129,999 MARIS as Distributed by MLS Grid
• 2026-02-20 Listed $13,999 MARIS as Distributed by MLS Grid
• 2026-02-16 Coming Soon $13,999 MARIS as Distributed by MLS Grid
• 2026-02-16 Price Changed $139,999 MARIS as Distributed by MLS Grid
• 2006-10-17 Sold (Public Records) — Public Records
• 1994-08-01 Sold (Public Records) — Public Records

Property tax history

+2.2%/yr

Latest (2025): $397 · +5.0% YoY. Source: county tax records.