329 E Thurman Ave · Mount Vernon, MO 65712

$115,000

2 bd · 1.0 ba · 1,076 sqft · Other public records · 5 Days on market

Built 1945 0.27 ac 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
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this cozy 3 bedroom, 1 bathroom home with 1,076 sq. ft. of living space, perfectly situated on a spacious lot. This home offers both comfort and convenience. New flooring throughout for a fresh, modern feel. HVAC is around 4 years old, ensuring energy efficiency and comfort. Roof is around 2.5 years old. Brand new hot water heater for added peace of mind. Easy access to I-44, making commutes a breeze. Just minutes from beautiful Stockton Lake and the attractions of Branson, Missouri. Don't miss out - schedule your showing today!

Key facts

• Easy access to i44
• Office area
• Quiet neighborhood

Tags

• QUIET NEIGHBORHOOD
• EASY ACCESS TO I44
• STAINLESS STEEL STOVE
• STAINLESS STEEL REFRIGERATOR
• OFFICE AREA

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $115k.

Deal economics

• At list price, monthly cash flow is $565 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Cap rate 12.2% vs local median 4.3% in Mount Vernon — 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 72/100 on livability (#98 in MO) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Mt. Vernon R-V (town): math 35% / reading 48% proficiency, ranked #129 of 324 in MO (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mt. Vernon Elem. (308 students, 53% FRL); Mt. Vernon Middle (math 36% / reading 43%, grade F, #189 of 391 statewide, top 51%, 361 students, 48% FRL); Mt. Vernon High (math 17% / reading 52%, grade F, #321 of 521 statewide, top 67%, 458 students, 37% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: 87 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 67 units permitted in Lawrence County in 2024 (35 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lawrence County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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 $115,000

Questions for the listing agent

1. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.39% ✓
• Cap rate: 12.19%
• Cash-on-cash: 21.06%
• DSCR: 1.94
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 13.5%
• Equity multiple: 1.54×
• Total profit: $17,323
• Equity at exit: $17,147

10-year hold

• IRR: 22.3%
• Equity multiple: 2.90×
• Total profit: $61,283
• Equity at exit: $9,943

Cash invested: $32,200 (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 65712

• Home prices YoY: -17.5%
• Active inventory: 87
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,595 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$44 /mo · $527/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $565

Break-even live

Break-even rent $880

Max offer price $115,000

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1706 S Hazel St Mt Vernon, MO	3.0	2.0	1419	$1,595	$1.12	13d	1	0.26mi

Listing history 11 events

1. 2026-04-24
   status Pending
2. 2026-04-20
   listed $115,000 Active
3. 2025-03-05
   soldstatus
4. 2025-03-04
   soldstatus Closed 543-char remark

   Show marketing remark (543 chars)

   Come see this cozy 3 bedroom, 1 bathroom home with 1,076 sq. ft. of living space, perfectly situated on a spacious lot. This home offers both comfort and convenience. New flooring throughout for a fresh, modern feel. HVAC is around 4 years old, ensuring energy efficiency and comfort. Roof is around 2.5 years old. Brand new hot water heater for added peace of mind. Easy access to I-44, making commutes a breeze. Just minutes from beautiful Stockton Lake and the attractions of Branson, Missouri. Don't miss out - schedule your showing today!

5. 2025-01-27
   status Pending 543-char remark

   Show marketing remark (543 chars)

   Come see this cozy 3 bedroom, 1 bathroom home with 1,076 sq. ft. of living space, perfectly situated on a spacious lot. This home offers both comfort and convenience. New flooring throughout for a fresh, modern feel. HVAC is around 4 years old, ensuring energy efficiency and comfort. Roof is around 2.5 years old. Brand new hot water heater for added peace of mind. Easy access to I-44, making commutes a breeze. Just minutes from beautiful Stockton Lake and the attractions of Branson, Missouri. Don't miss out - schedule your showing today!

6. 2025-01-07
   price $121,500 543-char remark

   Show marketing remark (543 chars)

   Come see this cozy 3 bedroom, 1 bathroom home with 1,076 sq. ft. of living space, perfectly situated on a spacious lot. This home offers both comfort and convenience. New flooring throughout for a fresh, modern feel. HVAC is around 4 years old, ensuring energy efficiency and comfort. Roof is around 2.5 years old. Brand new hot water heater for added peace of mind. Easy access to I-44, making commutes a breeze. Just minutes from beautiful Stockton Lake and the attractions of Branson, Missouri. Don't miss out - schedule your showing today!

7. 2024-12-20
   listed $125,700 Active 543-char remark

   Show marketing remark (543 chars)

   Come see this cozy 3 bedroom, 1 bathroom home with 1,076 sq. ft. of living space, perfectly situated on a spacious lot. This home offers both comfort and convenience. New flooring throughout for a fresh, modern feel. HVAC is around 4 years old, ensuring energy efficiency and comfort. Roof is around 2.5 years old. Brand new hot water heater for added peace of mind. Easy access to I-44, making commutes a breeze. Just minutes from beautiful Stockton Lake and the attractions of Branson, Missouri. Don't miss out - schedule your showing today!

8. 2022-12-20
   soldstatus Closed 280-char remark

   Show marketing remark (280 chars)

   Come check out this three bedroom one bath home 1076 ft. . On a double lot. HVAC system is only two years old. Carport and a storage shed. Home is solid with a large living room. Award-winning Mt. Vernon schools. Easy access to I 44. Minutes to Stockton lake and Branson Missouri.

9. 2022-11-17
   status Pending 280-char remark

   Show marketing remark (280 chars)

   Come check out this three bedroom one bath home 1076 ft. . On a double lot. HVAC system is only two years old. Carport and a storage shed. Home is solid with a large living room. Award-winning Mt. Vernon schools. Easy access to I 44. Minutes to Stockton lake and Branson Missouri.

10. 2022-11-07
    price $79,900 280-char remark

    Show marketing remark (280 chars)

    Come check out this three bedroom one bath home 1076 ft. . On a double lot. HVAC system is only two years old. Carport and a storage shed. Home is solid with a large living room. Award-winning Mt. Vernon schools. Easy access to I 44. Minutes to Stockton lake and Branson Missouri.

11. 2022-10-20
    listed $90,000 Active 280-char remark

    Show marketing remark (280 chars)

    Come check out this three bedroom one bath home 1076 ft. . On a double lot. HVAC system is only two years old. Carport and a storage shed. Home is solid with a large living room. Award-winning Mt. Vernon schools. Easy access to I 44. Minutes to Stockton lake and Branson Missouri.

ⓘ 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: $527 · $44/mo
• Projected year-2 tax: $1,116 · $93/mo
• Expected delta: +$589/yr (+$49/mo · 111.7%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,140
• − Mortgage interest: −$6,442
• − Property taxes: −$527
• − Insurance: −$575
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$3,345
• Taxable income: $5,189
• Est. tax owed @ 24.0%: −$1,245
• After-tax cash flow: $5,537/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: Mt. Vernon R-V
• NCES district ID: 2921600
• Math proficiency: 35% ▼ -4.00%
• Reading proficiency: 48% ▼ -1.00%
• Median HH income: $43,114
• Composite: 35.03/100
• National rank: #5040
• State rank: #129 of 324 in MO

Livability — Mount Vernon

• Score: 72/100
• State rank: #98
• US rank: #6475

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Vernon, MO
• Population (ZIP): 8,910

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 37,142 people
• By 2030: 36,212 · -2.5%
• By 2040: 34,080 · -8.2%
• By 2050: 31,621 · -14.9%
• By 2075: 25,987 · -30.0%
• By 2100: 20,151 · -45.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 3% Slovak 2% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+63.8) · D 17.6% · R 81.5%
• 2008→2024 swing: -26.8pp toward R · 2008: -37.1pp · 2024: -63.8pp
• All cycles: 2024: R+63.8 2020: R+62.6 2016: R+61.1 2012: R+47.0 2008: R+37.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.55%
• Current HPI: 243.6185
• 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

+27.8% since first listed

11 events — show timeline

• 2026-04-24 Pending — SOMO
• 2026-04-20 Listed $115,000 SOMO
• 2025-03-05 Sold (Public Records) — Public Records
• 2025-03-04 Sold (MLS) — SOMO
• 2025-01-27 Pending — SOMO
• 2025-01-07 Price Changed $121,500 SOMO
• 2024-12-20 Listed $125,700 SOMO
• 2022-12-20 Sold (MLS) — SOMO
• 2022-11-17 Pending — SOMO
• 2022-11-07 Price Changed $79,900 SOMO
• 2022-10-20 Listed $90,000 SOMO

Property tax history

+3.8%/yr

Latest (2025): $527 · +7.7% YoY. Source: county tax records.