1408 Martin St · Rolla, MO 65401

$65,000

2 bd · 1.0 ba · 792 sqft · SingleFamily public records · 46 Days on market

Built 1942 4,356 sqft lot $82/sqft · 26% below area Est $88k · 26% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Schools +3.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Constructed in 1942, this distinguished single-family residence , presents a unique opportunity for an investor. this small bungalow has historical charm with contemporary potential. This property offers an exceptional investment opportunity. Call today.

Key facts

• 4,356 sq ft lot
• Built 1942
• Listed 45 days

Property features AI

Finance

• Other: Living area reported as 792; Lot about 0.1 acre
• Financial info: Lease not considered; No second mortgage indicated

Exterior

• Utilities: Public water; Public sewer; Single-phase electric; Cable available; Electricity connected; Propane leased; Sewer connected
• Home design: Single-family residence; One story; Residential property
• Construction: Construction materials: Unknown
• Exterior features: Back yard

Interior

• Kitchen: Gas range; Refrigerator
• Bedrooms: 1 bedroom on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Other heating; Wall-mounted cooling unit(s)
• Interior features: Crawl space basement; 4 total rooms
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($880 rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 3.5% in Rolla — 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 73/100 on livability (#76 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: crime D, commute F, employment D-.
• Rolla 31 (town): math 38% / reading 48% proficiency, ranked #118 of 324 in MO (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Harry S. Truman Elem. (math 42% / reading 47%, grade F, #413 of 1,115 statewide, top 42%, 431 students, 51% FRL); Rolla Sr. High (math 25% / reading 61%, grade F, #211 of 521 statewide, top 41%, 1,323 students, 34% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents rising fast (+10.2%/yr); 268 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 162 units permitted in Phelps County in 2024 (83 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Phelps County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 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 1942 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is D 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?
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: 1.35% ✓
• Cap rate: 11.95%
• Cash-on-cash: 20.19%
• DSCR: 1.90
• GRM: 6.2

CMA / ARV

• ARV (median comp): $88,229
• List price: $65,000
• Delta: -26.33%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1506 Heller St	0.07mi	2/1.0	784 (-1%)	3mo	$147,000	$188	92
1307 Gulf Ave	0.08mi	2/1.0	704 (-11%)	2mo	$25,000	$36	76
803 East 14th St	0.20mi	2/1.0	832 (+5%)	14mo	$160,000	$192	71
1501 Spencer St	0.12mi	2/1.0	750 (-5%)	22mo	$115,000	$153	67
1401 Ozark St	0.24mi	2/1.0	840 (+6%)	14mo	$139,900	$167	67
721 E 12th St	0.27mi	2/1.0	888 (+12%)	1mo	$145,000	$163	66
804 E 5th St	0.57mi	2/1.0	792 (0%)	9mo	$130,000	$164	66
1609 Martin St	0.12mi	3/1.0 (+1)	884 (+12%)	17mo	$150,900	$171	56
710 E 6th St	0.54mi	2/1.0	900 (+14%)	10mo	$127,000	$141	43
808 E 5th St	0.56mi	2/1.0	900 (+14%)	19mo	$119,000	$132	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 17.5%
• Equity multiple: 1.75×
• Total profit: $13,595
• Equity at exit: $9,692

10-year hold

• IRR: 29.1%
• Equity multiple: 4.19×
• Total profit: $58,012
• Equity at exit: $5,620

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 65401

• Home prices YoY: -26.4%
• Rents YoY: 10.2%
• Active inventory: 268
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $880 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$21 /mo · $249/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$185
• Net cashflow: $306

Break-even live

Break-even rent $492

Max offer price $65,000

Occupancy floor 60%

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: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2099 Vienna Rd Unit D Rolla, MO	2.0	1.0	750	$950	$1.27	43d	1	0.93mi
701 N State St Unit B Rolla, MO	3.0	2.0	1100	$850	$0.77	43d	1	0.99mi

Listing history 17 events

1. 2026-06-19
   days on market $65,000 Active 46 DOM
2. 2026-06-18
   days on market $65,000 Active 45 DOM
3. 2026-06-17
   days on market $65,000 Active 44 DOM
4. 2026-06-16
   days on market $65,000 Active 43 DOM
5. 2026-06-15
   days on market $65,000 Active 42 DOM
6. 2026-06-14
   days on market $65,000 Active 40 DOM
7. 2026-06-12
   days on market $65,000 Active 39 DOM
8. 2026-06-09
   days on market $65,000 Active 36 DOM
9. 2026-06-08
   days on market $65,000 Active 35 DOM
10. 2026-06-07
    days on market $65,000 Active 34 DOM
11. 2026-06-02
    days on market $65,000 Active 29 DOM
12. 2026-06-01
    days on market $65,000 Active 28 DOM
13. 2026-05-31
    days on market $65,000 Active 27 DOM
14. 2026-05-30
    days on market $65,000 Active 26 DOM
15. 2026-05-05
    listed $65,000 Active 254-char remark
16. 2026-05-04
    historical $65,000 254-char remark
17. 2004-08-26
    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: $249 · $21/mo
• Projected year-2 tax: $630 · $53/mo
• Expected delta: +$382/yr (+$32/mo · 153.3%)

ⓘ 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 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°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: $10,556
• − Mortgage interest: −$3,641
• − Property taxes: −$249
• − Insurance: −$325
• − Repairs & maintenance: −$844
• − Management: −$844
• − Depreciation: −$1,891
• Taxable income: $2,761
• Est. tax owed @ 24.0%: −$663
• After-tax cash flow: $3,012/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: Rolla 31
• NCES district ID: 2926890
• Math proficiency: 38% ▼ -9.00%
• Reading proficiency: 48% ▼ -7.00%
• Median HH income: $40,057
• Composite: 36.0/100
• National rank: #4786
• State rank: #118 of 324 in MO

Livability — Rolla

• Score: 73/100
• State rank: #76
• US rank: #5115

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rolla, MO
• County: Phelps County · 42,017 people
• City population: 32,714
• Metro: Rolla, MO
• Population (ZIP): 32,714
• Household income: $56,081
• Rent vs Own: 44.5% rent · 55.5% own
• Severe rent burden: 1122.0

Population outlook (Phelps County) Hauer SSP2

• Today (2025): 44,188 people
• By 2030: 43,524 · -1.5%
• By 2040: 41,211 · -6.7%
• By 2050: 38,977 · -11.8%
• By 2075: 33,846 · -23.4%
• By 2100: 27,828 · -37.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 6% Asian 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Lithuanian 4% Italian 2% Slovak 2%
• Foreign-born: 6% · China, Canada
• Languages at home: 93% English-only · Chinese 2% Spanish 1% Other Indo-European 1%

Political lean MEDSL · Phelps

• 2024 margin: Solid R (+42.9) · D 27.9% · R 70.8% · Other 1.3%
• 2008→2024 swing: -20.7pp toward R · 2008: -22.2pp · 2024: -42.9pp
• All cycles: 2024: R+42.9 2020: R+40.1 2016: R+42.9 2012: R+33.5 2008: R+22.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.69%
• Current HPI: 172.421
• Rent YoY: ▲ 10.25%
• Metro: Rolla, MO
• 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

+0.0% since first listed

3 events — show timeline

• 2026-05-05 Listed $65,000 MARIS as Distributed by MLS Grid
• 2026-05-04 Coming Soon $65,000 MARIS as Distributed by MLS Grid
• 2004-08-26 Sold (Public Records) — Public Records

Property tax history

+3.0%/yr

Latest (2025): $249 · +3.8% YoY. Source: county tax records.