3850 Kennerly Ave · St. Louis, MO 63113

$34,900

3 bd · 1.0 ba · 1,408 sqft · SingleFamily public records · 29 Days on market

Built 1910 2,500 sqft lot ↓ 48% 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +3.9/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks

Opportunity awaits at 3850 Kennerly Avenue in the heart of St. Louis! This fixer-upper offers incredible potential for investors, rehabbers, or buyers ready to bring new life to a classic two-story home featuring spacious living areas, multiple bedrooms, and a full basement. Located in the historic JeffVanderLou neighborhood, residents enjoy convenient access to downtown St. Louis, major highways, public transportation, and nearby community parks. The area is known for its rich architectural history, established streetscapes, and proximity to local schools and city amenities, making it an excellent opportunity for restoration or investment. ALL information is deemed reliable but is not guar

Key facts

• Community parks
• Full basement
• 2,500 sq ft lot

Tags

• FULL BASEMENT
• CONVENIENT ACCESS TO DOWNTOWN
• PROXIMITY TO LOCAL SCHOOLS
• COMMUNITY PARKS

Property features AI

Finance

• Other: Living area reported as 1,408 (public records); Lot includes approximately 0.0574 acres
• Financial info: Lease not considered

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electric service: Other; No utilities listed
• Home design: Single family residence; Two levels; Residential property; Bank-owned
• Construction: Brick construction
• Exterior features: Back yard

Interior

• Bedrooms: 3 bedrooms (all on upper level)
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $35k).
• Recommended offer: $34k (1.5% below list) — sets the bar for market timing.
• Cap rate 40.9% 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 D — 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.
• Zoned schools: Columbia Elem. Comm. Ed. Ctr. (math 2% / reading 12%, grade F, #1,058 of 1,115 statewide, top 96%, 221 students, 99% FRL); Beaumont Cte High School (math 5% / reading 5%, grade F, #517 of 521 statewide, top 100%, 236 students, 99% FRL) — zoned schools average 99% FRL vs 80% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 58 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 294 units permitted in St. Louis city in 2024 (227 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-2.1%/yr); year-one equity from $241 of loan paydown is wiped out by about $748 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.
• At projected returns (-2.1% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($34k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $34,376 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — 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. 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?
4. 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.
5. 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.
6. 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: 4.41% ✓
• Cap rate: 40.94%
• Cash-on-cash: 123.74%
• DSCR: 6.51
• GRM: 1.9

CMA / ARV

• ARV (on-the-fly): $152,064
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3905 Cottage Ave	0.11mi	3/2.0	1,339 (-5%)	4mo	$159,000	$119	80
3721 Lincoln Ave	0.17mi	3/2.0	1,280 (-9%)	15mo	$160,000	$125	60
3716 Hebert St	0.44mi	3/2.5	1,460 (+4%)	11mo	$170,000	$116	58
4051 Maffitt Ave	0.30mi	3/1.0	1,584 (+12%)	10mo	$23,000	$15	57
3714 Hebert St	0.45mi	3/2.5	1,460 (+4%)	13mo	$170,000	$116	56
3712 Hebert St	0.45mi	3/2.5	1,486 (+6%)	12mo	$170,000	$114	53
3706 Hebert St	0.45mi	3/2.5	1,486 (+6%)	19mo	$160,000	$108	48
3702 Hebert St	0.45mi	3/2.5	1,486 (+6%)	20mo	$160,000	$108	47
4227 W Labadie Ave	0.72mi	3/1.5	1,505 (+7%)	17mo	$55,000	$37	39
4245 Garfield Ave Ave	0.71mi	3/1.0	1,266 (-10%)	20mo	$19,900	$16	34
3730 Palm St	0.51mi	3/2.5	1,600 (+14%)	19mo	$170,000	$106	32
4004 Lexington Ave	0.49mi	2/2.5 (-1)	1,584 (+12%)	20mo	$150,000	$95	29

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

Projected returns pro-forma

-2.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.12×
• Total profit: $59,791
• Equity at exit: $6,549

10-year hold

• IRR: —
• Equity multiple: 14.90×
• Total profit: $135,837
• Equity at exit: $5,380

Cash invested: $9,772 (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 63113

• Home prices YoY: -2.0%
• Active inventory: 58
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,539 high
• Mortgage (P&I): −$183
• Tax from tax record: −$11 /mo · $127/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $1,008

Break-even live

Break-even rent $263

Max offer price $34,900

Occupancy floor 30%

Sensitivity live

Price	-10% $1,027	-5% $1,018	+0% $1,008	+5% $998	+10% $988
Rent	-10% $886	-5% $947	+0% $1,008	+5% $1,068	+10% $1,129
Rate	-1.0pp $1,025	-0.5pp $1,017	base $1,008	+0.5pp $999	+1.0pp $989

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: $8,725
• Closing costs: $1,047
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2603 Belle Glade Ave Saint Louis, MO	2.0	1.0	945	$800	$0.85	5d	1	0.43mi
4247 Maffitt Ave St. Louis, MO	3.0	1.5	1700	$1,000	$0.59	5d	1	0.58mi
1708 Annie Malone Dr Saint Louis, MO	3.0	1.5	924	$1,500	$1.62	44d	1	0.67mi
4202 Gano Ave Saint Louis, MO	3.0	1.0	1650	$1,168	$0.71	24d	1	1.03mi
2207 Angelica St Unit 1 St. Louis, MO	2.0	1.0	1734	$1,350	$0.78	44d	1	1.11mi
2239 University St Saint Louis, MO	3.0	1.5	1116	$1,295	$1.16	12d	1	1.14mi
4223 Red Bud Ave Unit 1F St. Louis, MO	2.0	1.0	1167	$895	$0.77	44d	1	1.23mi
4140 Washington Blvd Saint Louis, MO	1.0–2.0	1.0–2.5	907	$2,035	$2.24	2d	1	1.24mi
3717-3721 Westminster Pl St. Louis, MO	3.0	1.0–3.0	1343	$2,735	$2.04	16d	4	1.27mi
3681 Lindell Blvd Saint Louis, MO	3.0	1.0–2.5	1292	$3,579	$2.77	2d	62	1.30mi
3701 Lindell Blvd Saint Louis, MO	3.0	1.0–3.0	1073	$2,500	$2.33	16d	81	1.32mi
3701 Lindell Blvd Saint Louis, MO	3.0	1.0–3.0	1073	$2,500	$2.33	2d	128	1.32mi
2046 Obear Ave Unit A St. Louis, MO	3.0	1.5	1456	$1,070	$0.73	44d	1	1.33mi
4127 Westminster Pl St. Louis, MO	2.0	2.5	1216	$2,095	$1.72	8d	1	1.34mi
3307 Olive St St. Louis, MO	1.0–2.0	1.0	912	$1,220	$1.34	44d	1	1.37mi
3041 Locust St St. Louis, MO	2.0	2.0	1243	$2,072	$1.67	44d	1	1.37mi
404 N Sarah St Saint Louis, MO	3.0	2.5	1772	$2,600	$1.47	44d	1	1.38mi
4400 Delmar Blvd St. Louis, MO	3.0	1.0	1450	$1,600	$1.10	44d	1	1.39mi
2002 Obear Ave St. Louis, MO	2.0	1.5	1024	$970	$0.95	5d	1	1.41mi
3906 Lindell Blvd St. Louis, MO	2.0–3.0	1.0	1072	$1,725	$1.61	44d	10	1.42mi
3906 Lindell Blvd St. Louis, MO	2.0–3.0	1.0	1072	$1,650	$1.54	3d	16	1.42mi
4426 Holly Ave Unit B St. Louis, MO	2.0	1.0	1000	$1,100	$1.10	15d	1	1.43mi
1906 Obear Ave #1 St. Louis, MO	2.0	1.5	1024	$970	$0.95	22d	1	1.47mi
4497 Lee Ave Saint Louis, MO	3.0	2.0	1012	$1,000	$0.99	16d	1	1.48mi

Listing history 18 events

1. 2026-06-18
   days on market $34,900 Active 29 DOM
2. 2026-06-17
   days on market $34,900 Active 28 DOM
3. 2026-06-16
   days on market $34,900 Active 27 DOM
4. 2026-06-16
   price $34,900 Active 26 DOM
5. 2026-06-15
   days on market $39,900 Active 26 DOM
6. 2026-06-13
   days on market $39,900 Active 24 DOM
7. 2026-06-09
   days on market $39,900 Active 20 DOM
8. 2026-06-08
   days on market $39,900 Active 19 DOM
9. 2026-06-07
   days on market $39,900 Active 18 DOM
10. 2026-06-05
    days on market $39,900 Active 15 DOM
11. 2026-06-03
    days on market $39,900 Active 14 DOM
12. 2026-06-02
    days on market $39,900 Active 13 DOM
13. 2026-06-01
    days on market $39,900 Active 12 DOM
14. 2026-05-31
    days on market $39,900 Active 11 DOM
15. 2026-05-20
    listed $39,900 Active
16. 2025-09-08
    listed $76,400 Active
17. 2000-03-20
    soldstatus
18. 1996-07-23
    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: $127 · $11/mo
• Projected year-2 tax: $339 · $28/mo
• Expected delta: +$212/yr (+$18/mo · 167.0%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,468
• − Mortgage interest: −$1,955
• − Property taxes: −$127
• − Insurance: −$174
• − Repairs & maintenance: −$1,477
• − Management: −$1,477
• − Depreciation: −$1,015
• Taxable income: $12,241
• Est. tax owed @ 24.0%: −$2,938
• After-tax cash flow: $9,154/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
• City population: 283,259
• Population (ZIP): 11,610

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: Predominantly Black (91%)
• Race & ethnicity: Black 91% White 6% Two or more races 2% Hispanic / Latino 1%
• Foreign-born: 2% · Canada

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: ▼ -2.14%
• Current HPI: 107.1335
• 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

-47.8% since first listed

4 events — show timeline

• 2026-05-20 Listed $39,900 MARIS as Distributed by MLS Grid
• 2025-09-08 Listed $76,400 MARIS as Distributed by MLS Grid
• 2000-03-20 Sold (Public Records) — Public Records
• 1996-07-23 Sold (Public Records) — Public Records

Property tax history

+0.8%/yr

Latest (2024): $127 · +4.0% YoY. Source: county tax records.