9721 Baltimore Ave · Kansas City, MO 64114

$199,900

2 bd · 1.0 ba · 612 sqft · SingleFamily public records · 17 Days on market

Built 1958 9,577 sqft lot $327/sqft · 44% above area Est $279k · 28% under

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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).

• ARV discount +15.0/15.0
• Cash flow +8.5/30.0
• Livability +3.9/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +2.0/10.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 9721 Baltimore Ave, Kansas City, MO 64114! Great opportunity in South KC for an investor or first-time buyer. This well-kept, move-in ready home sits just minutes from the Waldo area’s shops and restaurants. The main living area feels open and connected, flowing right into the kitchen and dining space. The kitchen offers ample cabinet space, a huge island, and a layout that makes everyday living and entertaining easy. One of the standout features is the bonus office/sunroom, a flexible space that works perfectly for a home office, playroom, or second living area, with plenty of natural light. You’ll find comfortable bedrooms, an updated bathroom, and clean, practical updates throughout. Enjoy warm spring and summer nights outdoors; there’s a fenced-in yard and a large deck! Easy highway access makes getting around the metro simple. Schedule your showing today!

Key facts

• 9,577 sq ft lot
• Built 1958
• Listed 17 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-176 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $169k (15.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (30.0% below list).
• Recommended offer: $140k (30.0% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 3.9% in Kansas City — 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 78/100 on livability (#28 in MO, #2,671 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools C-, crime F.
• Center 58 (urban): math 12% / reading 29% proficiency, ranked #301 of 324 in MO (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.6%/yr); 174 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,002 units permitted in Jackson County in 2024 (2,271 in 5+ unit buildings).

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.
• Jackson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask is 55% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,875 (30.0% 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. Built in 1958 — 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. 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?
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: 0.70% ✗
• Cap rate: 5.24%
• Cash-on-cash: -3.76%
• DSCR: 0.83
• GRM: 11.9

CMA / ARV

• ARV (median comp): $278,535
• List price: $199,900
• Delta: -28.23%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9240 Mcgee St	0.68mi	2/1.0	600 (-2%)	2mo	$165,000	$275	64

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 · 4.57% rent growth · sell at horizon

5-year hold

• IRR: -21.1%
• Equity multiple: 0.26×
• Total profit: $-41,371
• Equity at exit: $29,806

10-year hold

• IRR: -11.6%
• Equity multiple: 0.27×
• Total profit: $-41,082
• Equity at exit: $17,284

Cash invested: $55,972 (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 64114

• Rents YoY: 4.6%
• Active inventory: 174
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $1,399 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$149 /mo · $1,788/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $-176

Break-even live

Break-even rent $1,621

Max offer price $168,885

Occupancy floor —

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 W 99th Ter Kansas City, MO	1.0–2.0	1.0–2.5	1262	$1,962	$1.55	1d	52	0.28mi
808 E 100 Ter Kansas City, MO	1.0–2.0	1.0	660	$1,170	$1.77	43d	4	0.68mi
808 E 100 Ter Kansas City, MO	1.0	1.0	576	$1,020	$1.77	23d	1	0.68mi
1520 E 97th St Kansas City, MO	1.0–3.0	1.0–2.0	1163	$1,246	$1.07	2d	7	1.15mi
439 W 87 Pl Kansas City, MO	1.0	1.0	616	$795	$1.29	16d	1	1.35mi
8700 Wornall Rd Kansas City, MO	1.0–3.0	1.0	836	$995	$1.19	14d	3	1.38mi

Listing history 23 events

1. 2026-06-18
   days on market $199,900 Active 17 DOM
2. 2026-06-17
   days on market $199,900 Active 16 DOM
3. 2026-06-16
   days on market $199,900 Active 15 DOM
4. 2026-06-15
   price $199,900 Active 14 DOM
5. 2026-06-15
   days on market $210,000 Active 14 DOM
6. 2026-06-13
   days on market $210,000 Active 12 DOM
7. 2026-06-09
   days on market $210,000 Active 8 DOM
8. 2026-06-08
   status $210,000 Active 7 DOM
9. 2026-06-07
   statusdays on market $210,000 Pending 7 DOM
10. 2026-06-03
    days on market $210,000 Active 6 DOM
11. 2026-06-02
    days on market $210,000 Active 5 DOM
12. 2026-06-01
    days on market $210,000 Active 4 DOM
13. 2026-05-31
    days on market $210,000 Active 3 DOM
14. 2026-04-22
    historical $210,000 903-char remark

    Show marketing remark (903 chars)

    Welcome to 9721 Baltimore Ave, Kansas City, MO 64114! Great opportunity in South KC for an investor or first-time buyer. This well-kept, move-in ready home sits just minutes from the Waldo area’s shops and restaurants. The main living area feels open and connected, flowing right into the kitchen and dining space. The kitchen offers ample cabinet space, a huge island, and a layout that makes everyday living and entertaining easy. One of the standout features is the bonus office/sunroom, a flexible space that works perfectly for a home office, playroom, or second living area, with plenty of natural light. You’ll find comfortable bedrooms, an updated bathroom, and clean, practical updates throughout. Enjoy warm spring and summer nights outdoors; there’s a fenced-in yard and a large deck! Easy highway access makes getting around the metro simple. Schedule your showing today!

15. 2022-05-26
    soldstatus
16. 2019-08-08
    soldstatus
17. 2018-08-21
    historical 563-char remark

    Show marketing remark (563 chars)

    Kansas City unique home on a beautiful lot! Conveniently located in South KC w/ easy access to highways, shopping and schools. Open and updated kitchen w/ plenty of living space on the main floor. Beautiful hardwoods with brand new windows and sliding patio doors. Kitchen island for easy entertain and sunny office/bonus room on the main level. Walkout from your bedroom to a private patio. Two closets in the master and spacious and updated bath! New carport, paint, driveway, fridge, carpet and updates throughout! Buyer to verify square footage independently.

18. 2018-07-03
    price $119,500 563-char remark

    Show marketing remark (563 chars)

    Kansas City unique home on a beautiful lot! Conveniently located in South KC w/ easy access to highways, shopping and schools. Open and updated kitchen w/ plenty of living space on the main floor. Beautiful hardwoods with brand new windows and sliding patio doors. Kitchen island for easy entertain and sunny office/bonus room on the main level. Walkout from your bedroom to a private patio. Two closets in the master and spacious and updated bath! New carport, paint, driveway, fridge, carpet and updates throughout! Buyer to verify square footage independently.

19. 2018-06-05
    price $124,500 563-char remark

    Show marketing remark (563 chars)

    Kansas City unique home on a beautiful lot! Conveniently located in South KC w/ easy access to highways, shopping and schools. Open and updated kitchen w/ plenty of living space on the main floor. Beautiful hardwoods with brand new windows and sliding patio doors. Kitchen island for easy entertain and sunny office/bonus room on the main level. Walkout from your bedroom to a private patio. Two closets in the master and spacious and updated bath! New carport, paint, driveway, fridge, carpet and updates throughout! Buyer to verify square footage independently.

20. 2018-03-29
    status Active 563-char remark

    Show marketing remark (563 chars)

    Kansas City unique home on a beautiful lot! Conveniently located in South KC w/ easy access to highways, shopping and schools. Open and updated kitchen w/ plenty of living space on the main floor. Beautiful hardwoods with brand new windows and sliding patio doors. Kitchen island for easy entertain and sunny office/bonus room on the main level. Walkout from your bedroom to a private patio. Two closets in the master and spacious and updated bath! New carport, paint, driveway, fridge, carpet and updates throughout! Buyer to verify square footage independently.

21. 2018-03-23
    historical Contingent - Accepting Backup Offers 563-char remark

    Show marketing remark (563 chars)

    Kansas City unique home on a beautiful lot! Conveniently located in South KC w/ easy access to highways, shopping and schools. Open and updated kitchen w/ plenty of living space on the main floor. Beautiful hardwoods with brand new windows and sliding patio doors. Kitchen island for easy entertain and sunny office/bonus room on the main level. Walkout from your bedroom to a private patio. Two closets in the master and spacious and updated bath! New carport, paint, driveway, fridge, carpet and updates throughout! Buyer to verify square footage independently.

22. 2018-03-10
    listed $129,000 Active 563-char remark

    Show marketing remark (563 chars)

    Kansas City unique home on a beautiful lot! Conveniently located in South KC w/ easy access to highways, shopping and schools. Open and updated kitchen w/ plenty of living space on the main floor. Beautiful hardwoods with brand new windows and sliding patio doors. Kitchen island for easy entertain and sunny office/bonus room on the main level. Walkout from your bedroom to a private patio. Two closets in the master and spacious and updated bath! New carport, paint, driveway, fridge, carpet and updates throughout! Buyer to verify square footage independently.

23. 1974-12-01
    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: $1,788 · $149/mo
• Projected year-2 tax: $1,939 · $162/mo
• Expected delta: +$151/yr (+$13/mo · 8.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,785
• − Mortgage interest: −$11,198
• − Property taxes: −$1,788
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,343
• − Management: −$1,343
• − Depreciation: −$5,815
• Taxable loss: −$5,701
• Est. tax savings @ 24.0%: +$1,368
• After-tax cash flow: $-739/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: Center 58
• NCES district ID: 2908250
• Math proficiency: 12% ▼ -15.00%
• Reading proficiency: 29% ▼ -6.00%
• Median HH income: $43,544
• Composite: 17.64/100
• National rank: #9031
• State rank: #301 of 324 in MO

Livability — Kansas City

• Score: 78/100
• State rank: #28
• US rank: #2671

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kansas City, MO
• County: Jackson County · 687,798 people
• City population: 439,467
• Metro: Kansas City, MO-KS
• Population (ZIP): 24,229
• Household income: $81,275
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 851.0

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 719,589 people
• By 2030: 731,456 · +1.6%
• By 2040: 746,689 · +3.8%
• By 2050: 749,289 · +4.1%
• By 2075: 736,227 · +2.3%
• By 2100: 668,210 · -7.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 11% Two or more races 8% Hispanic / Latino 7% Asian 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 3% Italian 3% Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 3% Other Indo-European 2%

Political lean MEDSL · Jackson

• 2024 margin: D (+19.3) · D 58.9% · R 39.5% · Other 1.6%
• 2008→2024 swing: -6.1pp toward R · 2008: 25.4pp · 2024: 19.3pp
• All cycles: 2024: D+19.3 2020: D+22.0 2016: D+16.6 2012: D+19.0 2008: D+25.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -311.24%
• Current HPI: 280.5587
• Rent YoY: ▲ 4.57%
• Metro: Kansas City, MO-KS
• 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

+62.8% since first listed

10 events — show timeline

• 2026-04-22 Coming Soon $210,000 Heartland MLS as Distributed by MLS Grid
• 2022-05-26 Sold (Public Records) — Public Records
• 2019-08-08 Sold (Public Records) — Public Records
• 2018-08-21 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2018-07-03 Price Changed $119,500 Heartland MLS as Distributed by MLS Grid
• 2018-06-05 Price Changed $124,500 Heartland MLS as Distributed by MLS Grid
• 2018-03-29 Relisted — Heartland MLS as Distributed by MLS Grid
• 2018-03-23 Contingent — Heartland MLS as Distributed by MLS Grid
• 2018-03-10 Listed $129,000 Heartland MLS as Distributed by MLS Grid
• 1974-12-01 Sold (Public Records) — Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,788 · +5.7% YoY. Source: county tax records.