3442 Chippewa St · St. Louis, MO 63118

$199,500

4 bd · 2.0 ba · 2,068 sqft · SingleFamily public records · 121 Days on market

Built 1915 3,175 sqft lot $96/sqft · 13% below area Est $228k · 13% under

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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 +21.7/30.0
• ARV discount +13.2/15.0
• DSCR +6.9/10.0
• 1% rule +4.4/10.0
• Rent growth +3.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

SPACIOUS RENOVATED BRICK RESIDENCE; new kitchen with white shaker all wood cabinets with new white appliances; beautifully refinished pine wood floors throughout the home, original moldings; first and second floor full baths; lots of closet space; Nice rear deck for entertaining; tilt-in insulated windows; clean and bright full basement with glass block windows; 2 zone heating and cooling with central air: private fenced yard; 2 car parking pad off alley; property is currently rented with lease expiration date of 1/31/2027. Current Section 8 rent being collected is $1795 per month. Tenant would like to stay. NO SHOW until accepted contract.

Key facts

• New kitchen
• Full baths
• Lots of closet space

Tags

• NEW KITCHEN
• WHITE SHAKER CABINETS
• REFINISHED PINE WOOD FLOORS
• ORIGINAL MOLDINGS
• FULL BATHS
• LOTS OF CLOSET SPACE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $305 ($4k/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 $187k (6.1% below list).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 5.0% in St. Louis — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• St. Louis City (urban): math 10% / reading 18% proficiency, ranked #312 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 243 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).
• This rent runs 39% of the median local income ($58k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• St. Louis 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 121 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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.
• Current owner paid $34k; list at $200k implies a 496% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — 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: 0.94% ✗
• Cap rate: 8.13%
• Cash-on-cash: 6.56%
• DSCR: 1.29
• GRM: 8.9

CMA / ARV

• ARV (median comp): $228,463
• List price: $199,500
• Delta: -12.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3442 Chippewa St	0.00mi	4/2.0	2,068 (0%)	1mo	$199,500	$96	99
3447 Dunnica	0.04mi	4/2.5	2,232 (+8%)	2mo	$249,900	$112	82
3959 Keokuk St	0.65mi	4/2.0	2,044 (-1%)	3mo	$230,000	$113	65
3310 Michigan Ave	0.67mi	3/2.5 (-1)	2,082 (+1%)	0mo	$299,900	$144	60
3449 Utah St	0.65mi	5/3.0 (+1)	2,080 (+1%)	2mo	$399,900	$192	58
3449 Tennessee Ave	0.42mi	3/1.5 (-1)	2,328 (+13%)	2mo	$280,000	$120	51
3500 California Ave	0.71mi	3/2.5 (-1)	1,964 (-5%)	4mo	$314,900	$160	48
3420 Humphrey St	0.69mi	3/2.5 (-1)	2,236 (+8%)	1mo	$439,000	$196	47
3419 California Ave	0.74mi	3/1.5 (-1)	2,202 (+6%)	2mo	$245,000	$111	45
3704 Ohio Ave	0.73mi	3/3.5 (-1)	1,938 (-6%)	1mo	$249,900	$129	44
3413 Oregon Ave	0.70mi	3/2.5 (-1)	2,268 (+10%)	2mo	$349,900	$154	43
3614 California Ave	0.64mi	5/4.5 (+1)	2,308 (+12%)	0mo	$449,900	$195	35

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 · 4.89% rent growth · sell at horizon

5-year hold

• IRR: -4.4%
• Equity multiple: 0.83×
• Total profit: $-9,345
• Equity at exit: $29,746

10-year hold

• IRR: 7.1%
• Equity multiple: 1.57×
• Total profit: $31,995
• Equity at exit: $17,249

Cash invested: $55,860 (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 63118

• Rents YoY: 4.9%
• Active inventory: 243
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,873 high
• Mortgage (P&I): −$1,046
• Tax from tax record: −$45 /mo · $544/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $305

Break-even live

Break-even rent $1,487

Max offer price $199,500

Occupancy floor 79%

Sensitivity live

Price	-10% $418	-5% $362	+0% $305	+5% $249	+10% $192
Rent	-10% $157	-5% $231	+0% $305	+5% $379	+10% $453
Rate	-1.0pp $406	-0.5pp $356	base $305	+0.5pp $254	+1.0pp $201

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: $49,875
• Closing costs: $5,985
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3146 Keokuk St Saint Louis, MO	3.0	1.0	1528	$1,500	$0.98	25d	1	0.27mi
3131 Keokuk St #3131 Saint Louis, MO	3.0	2.0	1500	$1,475	$0.98	16d	1	0.28mi
3540 Michigan Ave Saint Louis, MO	4.0	2.0	1758	$1,800	$1.02	3d	1	0.40mi
3526 S Spring Ave Saint Louis, MO	4.0	2.0	2244	$2,877	$1.28	45d	1	0.47mi
3637 Meramec St Saint Louis, MO	3.0	1.5	1632	$1,925	$1.18	18d	1	0.48mi
4135 S Compton Ave Saint Louis, MO	3.0	2.0	2104	$1,600	$0.76	45d	1	0.48mi
4145 S Compton Ave Saint Louis, MO	3.0	2.0	1656	$1,520	$0.92	45d	1	0.50mi
3458 Giles Ave Saint Louis, MO	3.0	2.5	2204	$2,400	$1.09	9d	1	0.50mi
3411 Cherokee St St. Louis, MO	4.0	2.0	1568	$1,825	$1.16	0d	1	0.52mi
4222 S 38th St St. Louis, MO	3.0	2.0	1836	$1,400	$0.76	0d	1	0.53mi
4222 S 38th St Unit 4222 St. Louis, MO	3.0	2.0	1836	$1,400	$0.76	21d	1	0.53mi
3807 Potomac St Saint Louis, MO	3.0	1.0	2588	$1,300	$0.50	9d	1	0.59mi
3807 Potomac St Saint Louis, MO	3.0	1.0	2588	$1,100	$0.43	45d	1	0.59mi
3510 California Ave Saint Louis, MO	3.0	2.0	1800	$1,200	$0.67	45d	1	0.68mi
3628 Wyoming St Unit 2F St. Louis, MO	4.0	1.0	1700	$1,950	$1.15	45d	1	0.77mi
3908 McDonald Ave Saint Louis, MO	3.0	2.0	1927	$2,500	$1.30	5d	1	0.77mi
3429 Ohio Ave Saint Louis, MO	3.0	3.0	1938	$2,250	$1.16	17d	1	0.82mi
4312 Oregon Ave Saint Louis, MO	4.0	2.0	2032	$2,000	$0.98	0d	1	0.84mi
4450 Pennsylvania Ave Saint Louis, MO	3.0	1.0	1500	$1,250	$0.83	0d	1	0.94mi
3176 Gustine Ave Apt 1S St. Louis, MO	3.0	1.0	1600	$1,675	$1.05	0d	1	1.01mi
2643 Wyoming St Saint Louis, MO	3.0	2.5	2592	$2,600	$1.00	45d	1	1.05mi
3450 Wisconsin Ave Saint Louis, MO	1.0–3.0	1.0–2.0	1219	$2,300	$1.89	0d	15	1.18mi
4145-4147 Hartford St St. Louis, MO	4.0	3.5	2400	$3,800	$1.58	13d	1	1.34mi
2648 California Ave Saint Louis, MO	4.0	2.0	2458	$2,000	$0.81	25d	1	1.41mi
2811 Missouri Ave Saint Louis, MO	4.0	2.5	2673	$3,622	$1.36	45d	1	1.48mi

Listing history 13 events

1. 2026-01-26
   listed $199,500 Active 648-char remark

   Show marketing remark (648 chars)

   SPACIOUS RENOVATED BRICK RESIDENCE; new kitchen with white shaker all wood cabinets with new white appliances; beautifully refinished pine wood floors throughout the home, original moldings; first and second floor full baths; lots of closet space; Nice rear deck for entertaining; tilt-in insulated windows; clean and bright full basement with glass block windows; 2 zone heating and cooling with central air: private fenced yard; 2 car parking pad off alley; property is currently rented with lease expiration date of 1/31/2027. Current Section 8 rent being collected is $1795 per month. Tenant would like to stay. NO SHOW until accepted contract.

2. 2021-10-07
   soldstatus Closed 253-char remark

   Show marketing remark (253 chars)

   Large 2 Family, wood work throughout, stained glass, 2 full baths, off street parking. Seller never lived in it. Being Sold As Is. Use Special Sales Contract. Seller to do no repairs. Seller will not provide city Occupancy Inspection or do any repairs.

3. 2021-09-10
   status Pending 253-char remark

   Show marketing remark (253 chars)

   Large 2 Family, wood work throughout, stained glass, 2 full baths, off street parking. Seller never lived in it. Being Sold As Is. Use Special Sales Contract. Seller to do no repairs. Seller will not provide city Occupancy Inspection or do any repairs.

4. 2021-09-02
   listed $67,500 Active 253-char remark

   Show marketing remark (253 chars)

   Large 2 Family, wood work throughout, stained glass, 2 full baths, off street parking. Seller never lived in it. Being Sold As Is. Use Special Sales Contract. Seller to do no repairs. Seller will not provide city Occupancy Inspection or do any repairs.

5. 2018-08-03
   soldstatus $33,500
6. 2018-08-01
   soldstatus Closed
7. 2018-07-19
   status Pending
8. 2018-07-09
   historical Contingent (No Kickout)
9. 2018-06-18
   listed $34,320 Active
10. 2006-04-24
    soldstatus
11. 2006-04-24
    soldstatus
12. 2000-04-27
    soldstatus $78,000
13. 1992-07-14
    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: $544 · $45/mo
• Projected year-2 tax: $1,935 · $161/mo
• Expected delta: +$1,392/yr (+$116/mo · 256.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,481
• − Mortgage interest: −$11,175
• − Property taxes: −$544
• − Insurance: −$998
• − Repairs & maintenance: −$1,799
• − Management: −$1,799
• − Depreciation: −$5,804
• Taxable income: $364
• Est. tax owed @ 24.0%: −$87
• After-tax cash flow: $3,577/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: St. Louis City
• NCES district ID: 2929280
• Math proficiency: 10% ▼ -6.00%
• Reading proficiency: 18% ▼ -3.00%
• Median HH income: $35,685
• Composite: 11.54/100
• National rank: #9699
• State rank: #312 of 324 in MO

Livability — St. Louis

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Louis, MO
• County: Saint Louis City · 254,015 people
• City population: 283,259
• Metro: St. Louis, MO-IL
• Population (ZIP): 25,913
• Household income: $57,762
• Rent vs Own: 56.1% rent · 43.9% own
• Severe rent burden: 1495.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 315,737 people
• By 2030: 313,865 · -0.6%
• By 2040: 305,439 · -3.3%
• By 2050: 296,529 · -6.1%
• By 2075: 271,028 · -14.2%
• By 2100: 255,359 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 44% Black 41% Two or more races 8% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 90% English-only · Spanish 5% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · St. Louis

• 2024 margin: Solid D (+64.7) · D 81.4% · R 16.7% · Other 2.0%
• 2008→2024 swing: -3.5pp toward R · 2008: 68.2pp · 2024: 64.7pp
• All cycles: 2024: D+64.7 2020: D+66.2 2016: D+63.7 2012: D+66.6 2008: D+68.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -347.51%
• Current HPI: 171.5963
• Rent YoY: ▲ 4.89%
• Metro: St. Louis, MO-IL
• 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

+155.8% since first listed

13 events — show timeline

• 2026-01-26 Listed $199,500 MARIS as Distributed by MLS Grid
• 2021-10-07 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2021-09-10 Pending — MARIS as Distributed by MLS Grid
• 2021-09-02 Listed $67,500 MARIS as Distributed by MLS Grid
• 2018-08-03 Sold (Public Records) $33,500 Public Records
• 2018-08-01 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2018-07-19 Pending — MARIS as Distributed by MLS Grid
• 2018-07-09 Contingent — MARIS as Distributed by MLS Grid
• 2018-06-18 Listed $34,320 MARIS as Distributed by MLS Grid
• 2006-04-24 Sold (Public Records) — Public Records
• 2006-04-24 Sold (Public Records) — Public Records
• 2000-04-27 Sold (Public Records) $78,000 Public Records
• 1992-07-14 Sold (Public Records) — Public Records

Property tax history

-1.7%/yr

Latest (2024): $544 · +4.9% YoY. Source: county tax records.