301 Locust St · Eldon, MO 65026

$180,000

3 bd · 1.0 ba · 952 sqft · Other public records · 59 Days on market

Built 1940 7,405 sqft lot $189/sqft · 31% above area Est $185k · at est.

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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).

• Appreciation +10.0/10.0
• ARV discount +8.7/15.0
• Cash flow +5.8/30.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.2/10.0
• 1% rule +0.0/10.0

Listing remarks MLS

Full of character and timeless charm, this 2 bedroom, 1 bath home in Eldon is one you won’t want to miss! From the moment you walk through the front door, you’ll fall in love with the original hardwood floors, beautiful trim, and classic doors that give this home so much personality. The spacious kitchen features freshly painted cabinets, plenty of storage, open shelving, and stainless steel appliances. The main level offers an open dining and family room, two generously sized bedrooms, and a full bath complete with a soaker tub and walk-in shower. Upstairs, you’ll find a huge bonus room—perfect for a home office, den, gaming space, or additional storage. The full unfinished basement provides even more storage and houses the laundry area. Situated on a large corner lot and conveniently located close to everything Eldon has to offer, this home is the perfect blend of charm, space, and location! Schedule your showing today.

Key facts

• Soaker tub
• Open shelving
• 7,405 sq ft lot

Tags

• ORIGINAL HARDWOOD FLOORS
• FRESHLY PAINTED CABINETS
• OPEN SHELVING
• STAINLESS STEEL APPLIANCES
• OPEN DINING AND FAMILY ROOM
• SOAKER TUB

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $180k.

Deal economics

• At list price, monthly cash flow is $-360 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $116k (35.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $87k (51.5% below list).
• Recommended offer: $87k (51.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#249 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D, amenities F, commute F.
• Eldon R-I (town): math 46% / reading 54% proficiency, ranked #52 of 324 in MO (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 107 active listings in the ZIP; 88 units permitted in Miller County in 2024 (31 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($1k loan paydown + $18k appreciation (10.0% local appreciation)).
• Miller County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,334 (51.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 51% concession, seller financing, or rate buy-down credit?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.49% ✗
• Cap rate: 3.89%
• Cash-on-cash: -8.58%
• DSCR: 0.62
• GRM: 17.2

CMA / ARV

• ARV (median comp): $185,000
• List price: $180,000
• Delta: -2.70%
• Verdict: FAIR
• Comps: 9 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 18.2%
• Equity multiple: 2.49×
• Total profit: $74,971
• Equity at exit: $162,158

10-year hold

• IRR: 17.0%
• Equity multiple: 5.73×
• Total profit: $238,619
• Equity at exit: $349,700

Cash invested: $50,400 (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 65026

• Home prices YoY: 5.3%
• Active inventory: 107
• Price-to-rent: 17.2×

Monthly cashflow live

• Estimated rent: $873 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$31 /mo · $377/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$183
• Net cashflow: $-360

Break-even live

Break-even rent $1,330

Max offer price $116,328

Occupancy floor —

Sensitivity live

Price	-10% $-259	-5% $-309	+0% $-360	+5% $-616	+10% $-678
Rent	-10% $-429	-5% $-395	+0% $-360	+5% $-326	+10% $-291
Rate	-1.0pp $-270	-0.5pp $-315	base $-360	+0.5pp $-407	+1.0pp $-455

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $180,000 Active 59 DOM
2. 2026-06-18
   days on market $180,000 Active 57 DOM
3. 2026-06-17
   days on market $180,000 Active 56 DOM
4. 2026-06-16
   days on market $180,000 Active 55 DOM
5. 2026-06-15
   days on market $180,000 Active 54 DOM
6. 2026-06-13
   days on market $180,000 Active 52 DOM
7. 2026-06-12
   days on market $180,000 Active 51 DOM
8. 2026-06-09
   days on market $180,000 Active 48 DOM
9. 2026-06-08
   days on market $180,000 Active 47 DOM
10. 2026-06-07
    days on market $180,000 Active 46 DOM
11. 2026-06-07
    days on market $180,000 Active 45 DOM
12. 2026-06-04
    days on market $180,000 Active 42 DOM
13. 2026-06-02
    days on market $180,000 Active 41 DOM
14. 2026-06-01
    days on market $180,000 Active 40 DOM
15. 2026-05-31
    days on market $180,000 Active 39 DOM
16. 2026-05-08
    historical Active Under Contract 959-char remark

    Show marketing remark (959 chars)

    Full of character and timeless charm, this 2 bedroom, 1 bath home in Eldon is one you won’t want to miss! From the moment you walk through the front door, you’ll fall in love with the original hardwood floors, beautiful trim, and classic doors that give this home so much personality. The spacious kitchen features freshly painted cabinets, plenty of storage, open shelving, and stainless steel appliances. The main level offers an open dining and family room, two generously sized bedrooms, and a full bath complete with a soaker tub and walk-in shower. Upstairs, you’ll find a huge bonus room—perfect for a home office, den, gaming space, or additional storage. The full unfinished basement provides even more storage and houses the laundry area. Situated on a large corner lot and conveniently located close to everything Eldon has to offer, this home is the perfect blend of charm, space, and location! Schedule your showing today.

17. 2026-04-22
    listed $180,000 Active 959-char remark

    Show marketing remark (959 chars)

    Full of character and timeless charm, this 2 bedroom, 1 bath home in Eldon is one you won’t want to miss! From the moment you walk through the front door, you’ll fall in love with the original hardwood floors, beautiful trim, and classic doors that give this home so much personality. The spacious kitchen features freshly painted cabinets, plenty of storage, open shelving, and stainless steel appliances. The main level offers an open dining and family room, two generously sized bedrooms, and a full bath complete with a soaker tub and walk-in shower. Upstairs, you’ll find a huge bonus room—perfect for a home office, den, gaming space, or additional storage. The full unfinished basement provides even more storage and houses the laundry area. Situated on a large corner lot and conveniently located close to everything Eldon has to offer, this home is the perfect blend of charm, space, and location! Schedule your showing today.

18. 2025-11-24
    soldstatus Closed 1253-char remark

    Show marketing remark (1253 chars)

    Welcome to your future home: a delightful 2-bedroom, 1-bath gem that’s so cozy you might just want to set up camp in the full basement! Speaking of camping, the finished loft area is perfect for any of your wild ideas—whether it’s an additional bedroom for the in-laws (who only visit once a year), an office for remote work (read: Netflix bingeing), or even storage for all those ‘just in case’ items you swear you’ll need one day. This charming haven strikes the perfect balance between old-school charm and modern convenience. Enjoy the luxury of a new mini-split system installed in the loft area that’ll keep you cool in the summer and warm in the winter, so you can enjoy your private hideaway without sweating it out. Let’s not forget the whimsical touches that give this place character! Remember the good old days when you had to twist the dial to make a call? That era lives on with our vintage dial phone still mounted on the wall. Situated on a nice corner lot, you’ll have room to spread your wings (or at least your lawn chairs). With schools, shopping, and ample job opportunities just a stone’s throw away, this location is perfect for both the young and the youthful at heart.

19. 2025-11-24
    soldstatus

    Show marketing remark (1253 chars)

    Welcome to your future home: a delightful 2-bedroom, 1-bath gem that’s so cozy you might just want to set up camp in the full basement! Speaking of camping, the finished loft area is perfect for any of your wild ideas—whether it’s an additional bedroom for the in-laws (who only visit once a year), an office for remote work (read: Netflix bingeing), or even storage for all those ‘just in case’ items you swear you’ll need one day. This charming haven strikes the perfect balance between old-school charm and modern convenience. Enjoy the luxury of a new mini-split system installed in the loft area that’ll keep you cool in the summer and warm in the winter, so you can enjoy your private hideaway without sweating it out. Let’s not forget the whimsical touches that give this place character! Remember the good old days when you had to twist the dial to make a call? That era lives on with our vintage dial phone still mounted on the wall. Situated on a nice corner lot, you’ll have room to spread your wings (or at least your lawn chairs). With schools, shopping, and ample job opportunities just a stone’s throw away, this location is perfect for both the young and the youthful at heart.

20. 2025-11-10
    status Pending 1253-char remark

    Show marketing remark (1253 chars)

    Welcome to your future home: a delightful 2-bedroom, 1-bath gem that’s so cozy you might just want to set up camp in the full basement! Speaking of camping, the finished loft area is perfect for any of your wild ideas—whether it’s an additional bedroom for the in-laws (who only visit once a year), an office for remote work (read: Netflix bingeing), or even storage for all those ‘just in case’ items you swear you’ll need one day. This charming haven strikes the perfect balance between old-school charm and modern convenience. Enjoy the luxury of a new mini-split system installed in the loft area that’ll keep you cool in the summer and warm in the winter, so you can enjoy your private hideaway without sweating it out. Let’s not forget the whimsical touches that give this place character! Remember the good old days when you had to twist the dial to make a call? That era lives on with our vintage dial phone still mounted on the wall. Situated on a nice corner lot, you’ll have room to spread your wings (or at least your lawn chairs). With schools, shopping, and ample job opportunities just a stone’s throw away, this location is perfect for both the young and the youthful at heart.

21. 2025-10-10
    historical Active Under Contract 1253-char remark

    Show marketing remark (1253 chars)

    Welcome to your future home: a delightful 2-bedroom, 1-bath gem that’s so cozy you might just want to set up camp in the full basement! Speaking of camping, the finished loft area is perfect for any of your wild ideas—whether it’s an additional bedroom for the in-laws (who only visit once a year), an office for remote work (read: Netflix bingeing), or even storage for all those ‘just in case’ items you swear you’ll need one day. This charming haven strikes the perfect balance between old-school charm and modern convenience. Enjoy the luxury of a new mini-split system installed in the loft area that’ll keep you cool in the summer and warm in the winter, so you can enjoy your private hideaway without sweating it out. Let’s not forget the whimsical touches that give this place character! Remember the good old days when you had to twist the dial to make a call? That era lives on with our vintage dial phone still mounted on the wall. Situated on a nice corner lot, you’ll have room to spread your wings (or at least your lawn chairs). With schools, shopping, and ample job opportunities just a stone’s throw away, this location is perfect for both the young and the youthful at heart.

22. 2025-10-03
    status Active 1253-char remark

    Show marketing remark (1253 chars)

    Welcome to your future home: a delightful 2-bedroom, 1-bath gem that’s so cozy you might just want to set up camp in the full basement! Speaking of camping, the finished loft area is perfect for any of your wild ideas—whether it’s an additional bedroom for the in-laws (who only visit once a year), an office for remote work (read: Netflix bingeing), or even storage for all those ‘just in case’ items you swear you’ll need one day. This charming haven strikes the perfect balance between old-school charm and modern convenience. Enjoy the luxury of a new mini-split system installed in the loft area that’ll keep you cool in the summer and warm in the winter, so you can enjoy your private hideaway without sweating it out. Let’s not forget the whimsical touches that give this place character! Remember the good old days when you had to twist the dial to make a call? That era lives on with our vintage dial phone still mounted on the wall. Situated on a nice corner lot, you’ll have room to spread your wings (or at least your lawn chairs). With schools, shopping, and ample job opportunities just a stone’s throw away, this location is perfect for both the young and the youthful at heart.

23. 2025-09-22
    historical Active Under Contract 1253-char remark

    Show marketing remark (1253 chars)

    Welcome to your future home: a delightful 2-bedroom, 1-bath gem that’s so cozy you might just want to set up camp in the full basement! Speaking of camping, the finished loft area is perfect for any of your wild ideas—whether it’s an additional bedroom for the in-laws (who only visit once a year), an office for remote work (read: Netflix bingeing), or even storage for all those ‘just in case’ items you swear you’ll need one day. This charming haven strikes the perfect balance between old-school charm and modern convenience. Enjoy the luxury of a new mini-split system installed in the loft area that’ll keep you cool in the summer and warm in the winter, so you can enjoy your private hideaway without sweating it out. Let’s not forget the whimsical touches that give this place character! Remember the good old days when you had to twist the dial to make a call? That era lives on with our vintage dial phone still mounted on the wall. Situated on a nice corner lot, you’ll have room to spread your wings (or at least your lawn chairs). With schools, shopping, and ample job opportunities just a stone’s throw away, this location is perfect for both the young and the youthful at heart.

24. 2025-09-15
    status Pending 1253-char remark

    Show marketing remark (1253 chars)

    Welcome to your future home: a delightful 2-bedroom, 1-bath gem that’s so cozy you might just want to set up camp in the full basement! Speaking of camping, the finished loft area is perfect for any of your wild ideas—whether it’s an additional bedroom for the in-laws (who only visit once a year), an office for remote work (read: Netflix bingeing), or even storage for all those ‘just in case’ items you swear you’ll need one day. This charming haven strikes the perfect balance between old-school charm and modern convenience. Enjoy the luxury of a new mini-split system installed in the loft area that’ll keep you cool in the summer and warm in the winter, so you can enjoy your private hideaway without sweating it out. Let’s not forget the whimsical touches that give this place character! Remember the good old days when you had to twist the dial to make a call? That era lives on with our vintage dial phone still mounted on the wall. Situated on a nice corner lot, you’ll have room to spread your wings (or at least your lawn chairs). With schools, shopping, and ample job opportunities just a stone’s throw away, this location is perfect for both the young and the youthful at heart.

25. 2025-09-12
    listed $169,000 Active 1253-char remark

    Show marketing remark (1253 chars)

    Welcome to your future home: a delightful 2-bedroom, 1-bath gem that’s so cozy you might just want to set up camp in the full basement! Speaking of camping, the finished loft area is perfect for any of your wild ideas—whether it’s an additional bedroom for the in-laws (who only visit once a year), an office for remote work (read: Netflix bingeing), or even storage for all those ‘just in case’ items you swear you’ll need one day. This charming haven strikes the perfect balance between old-school charm and modern convenience. Enjoy the luxury of a new mini-split system installed in the loft area that’ll keep you cool in the summer and warm in the winter, so you can enjoy your private hideaway without sweating it out. Let’s not forget the whimsical touches that give this place character! Remember the good old days when you had to twist the dial to make a call? That era lives on with our vintage dial phone still mounted on the wall. Situated on a nice corner lot, you’ll have room to spread your wings (or at least your lawn chairs). With schools, shopping, and ample job opportunities just a stone’s throw away, this location is perfect for both the young and the youthful at heart.

26. 2024-08-23
    soldstatus
27. 2024-06-05
    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: $377 · $31/mo
• Projected year-2 tax: $1,746 · $146/mo
• Expected delta: +$1,369/yr (+$114/mo · 362.9%)

ⓘ 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 4/10 Moderate 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,480
• − Mortgage interest: −$10,083
• − Property taxes: −$377
• − Insurance: −$900
• − Repairs & maintenance: −$838
• − Management: −$838
• − Depreciation: −$5,236
• Taxable loss: −$7,793
• Est. tax savings @ 24.0%: +$1,870
• After-tax cash flow: $-2,455/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: Eldon R-I
• NCES district ID: 2911340
• Math proficiency: 46% ▼ -2.00%
• Reading proficiency: 54% ▼ -2.00%
• Median HH income: $34,415
• Composite: 41.27/100
• National rank: #3521
• State rank: #52 of 324 in MO

Livability — Eldon

• Score: 66/100
• State rank: #249
• US rank: #12203

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eldon, MO
• Population (ZIP): 11,648

Population outlook (Miller County) Hauer SSP2

• Today (2025): 25,396 people
• By 2030: 25,344 · -0.2%
• By 2040: 24,740 · -2.6%
• By 2050: 23,415 · -7.8%
• By 2075: 19,426 · -23.5%
• By 2100: 13,742 · -45.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Slovak 4% Italian 2% Romanian 1%
• Foreign-born: 1% · China, Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 2%

Political lean MEDSL · Miller

• 2024 margin: Solid R (+67.3) · D 15.9% · R 83.2%
• 2008→2024 swing: -30.5pp toward R · 2008: -36.8pp · 2024: -67.3pp
• All cycles: 2024: R+67.3 2020: R+65.7 2016: R+66.0 2012: R+49.4 2008: R+36.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 20.13%
• Current HPI: 400.83
• 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

+6.5% since first listed

12 events — show timeline

• 2026-05-08 Contingent — LOBR
• 2026-04-22 Listed $180,000 LOBR
• 2025-11-24 Sold (Public Records) — Public Records
• 2025-11-24 Sold (MLS) — LOBR
• 2025-11-10 Pending — LOBR
• 2025-10-10 Contingent — LOBR
• 2025-10-03 Relisted — LOBR
• 2025-09-22 Contingent — LOBR
• 2025-09-15 Pending — LOBR
• 2025-09-12 Listed $169,000 LOBR
• 2024-08-23 Sold (Public Records) — Public Records
• 2024-06-05 Sold (Public Records) — Public Records

Property tax history

+1.2%/yr

Latest (2025): $377 · +9.6% YoY. Source: county tax records.