311 E 7th St · Lockwood, MO 65682

$75,900

2 bd · 1.0 ba · 1,058 sqft · Other public records · 50 Days on market

Built 1945 5,227 sqft lot

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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
• DSCR +10.0/10.0
• Appreciation +7.9/10.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Starter home? Investment? This one can be both!This freshly remodeled home offers a large living room, an open kitchen and dining area, plus a large utility/laundry room with exterior access. You'll also find two generously sized bedrooms and a full bathroom. The inside is move-in ready, while the exterior gives you the opportunity to make it your own. With new mini-splits, a new water heater, and a new roof already in place, the big-ticket items are handled. Sitting on a quiet corner lot in Lockwood--this one is ready for its next owner.

Key facts

• 5,227 sq ft lot
• Built 1945
• Listed 50 days

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Aluminum siding; Composition roof
• Exterior features: Front porch; Corner lot; City street frontage; Asphalt road (publicly maintained); Has a view

Interior

• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Ceiling fan(s) for cooling
• Interior features: High ceilings
• Laundry & utility: Laundry on the main level; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $76k.

Deal economics

• At list price, monthly cash flow is $313 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($975 rent vs $76k).
• Recommended offer: $74k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#180 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, employment F.
• Lockwood R-I (rural): math 30% / reading 40% proficiency, ranked #398 of 535 in MO (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lockwood Elem. (math 42% / reading 37%, grade F, #537 of 1,115 statewide, top 53%, 150 students, 56% FRL); Lockwood Middle School (math 15% / reading 34%, grade F, #323 of 391 statewide, top 83%, 50 students, 58% FRL); Lockwood High (math 30% / reading 50%, grade F, #244 of 521 statewide, top 47%, 97 students, 50% FRL) — zoned schools at 55% FRL track the district average.
• Market conditions: 10 active listings in the ZIP.

Forward outlook

• In year one you build about $5k of equity ($525 loan paydown + $4k appreciation (5.9% local appreciation)).
• Dade County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.9% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 18y ago 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 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $73,623 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.28% ✓
• Cap rate: 11.25%
• Cash-on-cash: 17.70%
• DSCR: 1.79
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.86% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.9%
• Equity multiple: 2.94×
• Total profit: $41,216
• Equity at exit: $47,039

10-year hold

• IRR: 27.9%
• Equity multiple: 5.97×
• Total profit: $105,720
• Equity at exit: $84,728

Cash invested: $21,252 (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 65682

• Home prices YoY: 3.2%
• Active inventory: 10
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $975 medium
• Mortgage (P&I): −$398
• Tax from tax record: −$27 /mo · $324/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$205
• Net cashflow: $313

Break-even live

Break-even rent $578

Max offer price $75,900

Occupancy floor 63%

Sensitivity live

Price	-10% $356	-5% $335	+0% $313	+5% $292	+10% $270
Rent	-10% $236	-5% $275	+0% $313	+5% $352	+10% $390
Rate	-1.0pp $352	-0.5pp $333	base $313	+0.5pp $294	+1.0pp $274

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: $18,975
• Closing costs: $2,277
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-21
   statusdays on market $75,900 Pending 50 DOM
2. 2026-06-18
   days on market $75,900 Active 49 DOM
3. 2026-06-17
   days on market $75,900 Active 48 DOM
4. 2026-06-16
   days on market $75,900 Active 47 DOM
5. 2026-06-15
   days on market $75,900 Active 46 DOM
6. 2026-06-13
   days on market $75,900 Active 44 DOM
7. 2026-06-12
   days on market $75,900 Active 43 DOM
8. 2026-06-09
   days on market $75,900 Active 40 DOM
9. 2026-06-08
   days on market $75,900 Active 39 DOM
10. 2026-06-07
    days on market $75,900 Active 38 DOM
11. 2026-06-07
    days on market $75,900 Active 37 DOM
12. 2026-06-04
    days on market $75,900 Active 34 DOM
13. 2026-06-02
    days on market $75,900 Active 33 DOM
14. 2026-06-01
    days on market $75,900 Active 32 DOM
15. 2026-05-31
    days on market $75,900 Active 31 DOM
16. 2026-04-29
    listed $75,900 Active 544-char remark
17. 2026-03-31
    price $90,000
18. 2026-02-27
    listed $110,000 Active
19. 2024-02-20
    soldstatus Closed
20. 2024-02-20
    soldstatus Closed
21. 2024-01-31
    status Pending
22. 2024-01-31
    status Pending
23. 2024-01-18
    listed $29,900 Active
24. 2024-01-17
    listed $29,900 Active
25. 2021-10-08
    soldstatus
26. 2021-07-11
    listed $49,900
27. 2019-04-26
    soldstatus
28. 2018-08-25
    listed $14,950
29. 2013-01-31
    historical
30. 2012-01-19
    listed $19,900
31. 2009-03-05
    historical
32. 2008-09-05
    listed $39,900
33. 2008-02-20
    listed $39,900
34. 2008-02-20
    listed $39,900

ⓘ 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: $324 · $27/mo
• Projected year-2 tax: $736 · $61/mo
• Expected delta: +$412/yr (+$34/mo · 127.1%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,698
• − Mortgage interest: −$4,252
• − Property taxes: −$324
• − Insurance: −$380
• − Repairs & maintenance: −$936
• − Management: −$936
• − Depreciation: −$2,208
• Taxable income: $2,663
• Est. tax owed @ 24.0%: −$639
• After-tax cash flow: $3,122/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: Lockwood R-I
• NCES district ID: 2919140
• Math proficiency: 30% ▲ 10.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $37,486
• Composite: 31.77/100
• National rank: #11093
• State rank: #398 of 535 in MO

Livability — Lockwood

• Score: 68/100
• State rank: #180
• US rank: #9478

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lockwood, MO
• Population (ZIP): 2,079

Population outlook (Dade County) Hauer SSP2

• Today (2025): 7,043 people
• By 2030: 6,687 · -5.1%
• By 2040: 5,989 · -15.0%
• By 2050: 5,324 · -24.4%
• By 2075: 4,122 · -41.5%
• By 2100: 3,168 · -55.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Lithuanian 6% Italian 3% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Dade

• 2024 margin: Solid R (+67.1) · D 16.0% · R 83.2%
• 2008→2024 swing: -26.3pp toward R · 2008: -40.9pp · 2024: -67.1pp
• All cycles: 2024: R+67.1 2020: R+67.0 2016: R+64.5 2012: R+50.2 2008: R+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.86%
• Current HPI: 190.417
• 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

+90.2% since first listed

19 events — show timeline

• 2026-04-29 Listed $75,900 SOMO
• 2026-03-31 Price Changed $90,000 SOMO
• 2026-02-27 Listed $110,000 SOMO
• 2024-02-20 Sold (MLS) — SOMO
• 2024-02-20 Sold (MLS) — OGAR
• 2024-01-31 Pending — SOMO
• 2024-01-31 Pending — OGAR
• 2024-01-18 Listed $29,900 SOMO
• 2024-01-17 Listed $29,900 OGAR
• 2021-10-08 Sold (MLS) — OGAR
• 2021-07-11 Listed $49,900 OGAR
• 2019-04-26 Sold (MLS) — SOMO
• 2018-08-25 Listed $14,950 SOMO
• 2013-01-31 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2012-01-19 Listed $19,900 Heartland MLS as Distributed by MLS Grid
• 2009-03-05 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2008-09-05 Listed $39,900 SOMO
• 2008-02-20 Listed $39,900 SOMO
• 2008-02-20 Listed $39,900 Heartland MLS as Distributed by MLS Grid

Property tax history

+2.0%/yr

Latest (2025): $324 · +8.8% YoY. Source: county tax records.