2207 Carter St · Kennett, MO 63857

$129,000

2 bd · 2.0 ba · 1,795 sqft · Other public records · 152 Days on market

Built 1958 0.34 ac lot $72/sqft · 10% below area Est $144k · 10% under ↓ 28% since listing

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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 +14.0/30.0
• ARV discount +12.1/15.0
• DSCR +4.2/10.0
• Livability +3.0/5.0
• 1% rule +2.9/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A white brick home with 2 large bedrooms, 2 bathrooms, a living area, a kitchen, a storage area, a 1 car carport, and detached garage. Home is located right next to a local park making it the perfect location for you and your family to get fresh air. It has a decent sized yard with a storm shelter in the back. With a little TLC this home could be just what you need! Lot Size 75*200 Shown by Appointment only.

Key facts

• Decent sized yard
• Storm shelter
• White brick home

Tags

• WHITE BRICK HOME
• DECENT SIZED YARD
• STORM SHELTER

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $129k.

Deal economics

• At list price, monthly cash flow is $17 ($200/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 $102k (20.7% below list).
• Recommended offer: $102k (20.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#561 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: health & safety C-, crime F, amenities F.
• Kennett 39 (town): math 28% / reading 36% proficiency, ranked #262 of 324 in MO (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: H. Byron Masterson Elem. (451 students, 99% FRL); Kennett Middle (math 21% / reading 28%, grade F, #324 of 391 statewide, top 83%, 417 students, 99% FRL); Kennett High (math 27% / reading 52%, grade F, #247 of 521 statewide, top 55%, 497 students, 99% FRL) — zoned schools average 99% FRL vs 67% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 59 active listings in the ZIP; 30 units permitted in Dunklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $892 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Dunklin County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 152 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $102,233 (20.7% below list)

Questions for the listing agent

1. It's been on market 152 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — 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 D-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. 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?
8. 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.
9. 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.
10. 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: 0.79% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.55%
• DSCR: 1.02
• GRM: 10.5

CMA / ARV

• ARV (median comp): $143,865
• List price: $129,000
• Delta: -10.33%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -15.5%
• Equity multiple: 0.45×
• Total profit: $-19,886
• Equity at exit: $19,234

10-year hold

• IRR: -7.0%
• Equity multiple: 0.55×
• Total profit: $-16,136
• Equity at exit: $11,154

Cash invested: $36,120 (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 63857

• Home prices YoY: -12.7%
• Active inventory: 59
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,022 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$61 /mo · $728/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$215
• Net cashflow: $17

Break-even live

Break-even rent $1,001

Max offer price $129,000

Occupancy floor 93%

Sensitivity live

Price	-10% $90	-5% $53	+0% $17	+5% $-20	+10% $-56
Rent	-10% $-64	-5% $-24	+0% $17	+5% $57	+10% $97
Rate	-1.0pp $82	-0.5pp $50	base $17	+0.5pp $-17	+1.0pp $-51

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-21
   days on market $129,000 Active 152 DOM
2. 2026-06-21
   days on market $129,000 Active 151 DOM
3. 2026-06-18
   days on market $129,000 Active 149 DOM
4. 2026-06-17
   days on market $129,000 Active 148 DOM
5. 2026-06-16
   days on market $129,000 Active 147 DOM
6. 2026-06-15
   days on market $129,000 Active 146 DOM
7. 2026-06-13
   days on market $129,000 Active 144 DOM
8. 2026-06-12
   days on market $129,000 Active 143 DOM
9. 2026-06-09
   days on market $129,000 Active 140 DOM
10. 2026-06-08
    days on market $129,000 Active 139 DOM
11. 2026-06-07
    days on market $129,000 Active 138 DOM
12. 2026-06-05
    days on market $129,000 Active 136 DOM
13. 2026-06-04
    days on market $129,000 Active 134 DOM
14. 2026-06-02
    days on market $129,000 Active 133 DOM
15. 2026-06-01
    days on market $129,000 Active 132 DOM
16. 2026-05-31
    days on market $129,000 Active 131 DOM
17. 2026-01-20
    listed $129,000 Active 411-char remark

    Show marketing remark (411 chars)

    A white brick home with 2 large bedrooms, 2 bathrooms, a living area, a kitchen, a storage area, a 1 car carport, and detached garage. Home is located right next to a local park making it the perfect location for you and your family to get fresh air. It has a decent sized yard with a storm shelter in the back. With a little TLC this home could be just what you need! Lot Size 75*200 Shown by Appointment only.

18. 2023-08-18
    soldstatus Closed 345-char remark

    Show marketing remark (345 chars)

    Family-friendly residential neighborhood- This home has 2/3 bedrooms, 2 baths and an office space. The kitchen is opened with the living room area with a 1/2 wall & bar seating area. With a few updates, this could make you a great home. 30'x24' shop building, large backyard, storm shelter, and a covered patio area. A must-see! MLS 23040753

19. 2023-07-17
    status Pending 345-char remark

    Show marketing remark (345 chars)

    Family-friendly residential neighborhood- This home has 2/3 bedrooms, 2 baths and an office space. The kitchen is opened with the living room area with a 1/2 wall & bar seating area. With a few updates, this could make you a great home. 30'x24' shop building, large backyard, storm shelter, and a covered patio area. A must-see! MLS 23040753

20. 2023-07-12
    listed $115,000 Active 345-char remark

    Show marketing remark (345 chars)

    Family-friendly residential neighborhood- This home has 2/3 bedrooms, 2 baths and an office space. The kitchen is opened with the living room area with a 1/2 wall & bar seating area. With a few updates, this could make you a great home. 30'x24' shop building, large backyard, storm shelter, and a covered patio area. A must-see! MLS 23040753

21. 2023-06-16
    historical
22. 2023-01-25
    price $145,000
23. 2023-01-05
    listed $180,000 Active
24. 2005-10-12
    soldstatus
25. 1968-10-11
    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: $728 · $61/mo
• Projected year-2 tax: $1,251 · $104/mo
• Expected delta: +$523/yr (+$44/mo · 71.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥110°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 8% 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: $12,268
• − Mortgage interest: −$7,226
• − Property taxes: −$728
• − Insurance: −$645
• − Repairs & maintenance: −$981
• − Management: −$981
• − Depreciation: −$3,753
• Taxable loss: −$2,047
• Est. tax savings @ 24.0%: +$491
• After-tax cash flow: $692/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: Kennett 39
• NCES district ID: 2916500
• Math proficiency: 28% ▼ -16.00%
• Reading proficiency: 36% ▼ -5.00%
• Median HH income: $32,065
• Composite: 26.12/100
• National rank: #7284
• State rank: #262 of 324 in MO

Livability — Kennett

• Score: 59/100
• State rank: #561
• US rank: #20397

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kennett, MO
• Population (ZIP): 11,964

Population outlook (Dunklin County) Hauer SSP2

• Today (2025): 28,599 people
• By 2030: 27,230 · -4.8%
• By 2040: 24,696 · -13.6%
• By 2050: 22,402 · -21.7%
• By 2075: 17,776 · -37.8%
• By 2100: 13,890 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 12% Two or more races 10% Hispanic / Latino 4%
• Common ancestry: Slovak 3% Iranian 2% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Dunklin

• 2024 margin: Solid R (+61.8) · D 18.8% · R 80.5%
• 2008→2024 swing: -40.5pp toward R · 2008: -21.3pp · 2024: -61.8pp
• All cycles: 2024: R+61.8 2020: R+57.0 2016: R+53.6 2012: R+30.2 2008: R+21.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.51%
• Current HPI: 127.6077
• 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

-28.3% since first listed

9 events — show timeline

• 2026-01-20 Listed $129,000 MARIS as Distributed by MLS Grid
• 2023-08-18 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2023-07-17 Pending — MARIS as Distributed by MLS Grid
• 2023-07-12 Listed $115,000 MARIS as Distributed by MLS Grid
• 2023-06-16 Delisted — MARIS as Distributed by MLS Grid
• 2023-01-25 Price Changed $145,000 MARIS as Distributed by MLS Grid
• 2023-01-05 Listed $180,000 MARIS as Distributed by MLS Grid
• 2005-10-12 Sold (Public Records) — Public Records
• 1968-10-11 Sold (Public Records) — Public Records

Property tax history

+0.5%/yr

Latest (2025): $728 · +0.4% YoY. Source: county tax records.