2065 Carefree Ln Unit G · Florissant, MO 63033

$57,500

2 bd · 1.0 ba · 870 sqft · Condo public records · 367 Days on market

Built 1967 $66/sqft · 32% below area Est $85k · 32% under $264/mo HOA · 19% of rent

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Why this score? — see what drove the A 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Rent growth +4.4/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks MLS

This Florissant condo is being sold AS IS in Leisure Village condominium committee! This 2-bedroom, 1-bath condo. It features a spacious layout with an open floor plan for the living room / dining room combo and a breakfast bar. Patio accessible from both the kitchen and bedroom., in a well-maintained community close to shopping, dining, and public transportation! This is an upstairs unit has 2 assigned parking spots on the side of the building. Private storage and laundry in the building,

Key facts

• $264 HOA
• 2 parking spots
• Community pool

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $58k.

Deal economics

• At list price, monthly cash flow is $424 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $58k).
• Recommended offer: $51k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.1% vs local median 6.3% in Florissant — 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 (#82 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: crime C-, amenities D+, schools D.
• Ferguson-Florissant R-II (suburban): math 7% / reading 20% proficiency, ranked #311 of 324 in MO (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+7.5%/yr); 218 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 920 units permitted in St. Louis County in 2024 (250 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($398 loan paydown + $6k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 7.5% rent growth), your $16k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 367 days — a 12% lower offer ($51k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $6k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $36k; list at $58k implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $50,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 367 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 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.38% ✓
• Cap rate: 15.14%
• Cash-on-cash: 31.60%
• DSCR: 2.41
• GRM: 3.5

CMA / ARV

• ARV (median comp): $84,565
• List price: $57,500
• Delta: -32.00%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 7.51% rent growth · sell at horizon

5-year hold

• IRR: 52.2%
• Equity multiple: 5.04×
• Total profit: $64,986
• Equity at exit: $51,801

10-year hold

• IRR: 48.3%
• Equity multiple: 12.57×
• Total profit: $186,257
• Equity at exit: $111,710

Cash invested: $16,100 (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 63033

• Home prices YoY: 2.5%
• Rents YoY: 7.5%
• Active inventory: 218
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,367 high
• Mortgage (P&I): −$302
• Tax from tax record: −$67 /mo · $799/yr
• Insurance: −$24
• HOA: −$264
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $424

Break-even live

Break-even rent $830

Max offer price $57,500

Occupancy floor 64%

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: $14,375
• Closing costs: $1,725
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3209 Cross Keys Dr Florissant, MO	1.0–2.0	1.0	700	$1,100	$1.57	1d	1	0.23mi
2990 Santiago Dr Florissant, MO	2.0	2.0	984	$1,200	$1.22	43d	1	0.26mi
3144 Sunswept Pk Ct Florissant, MO	1.0–3.0	1.0–2.0	818	$1,088	$1.33	1d	12	0.62mi
4112 Monsols Dr Florissant, MO	3.0	2.0	1120	$1,945	$1.74	43d	1	1.19mi
1983 Greenheath Dr Florissant, MO	3.0	2.0	1040	$1,331	$1.28	3d	1	1.28mi
1710 Kay Dr Florissant, MO	3.0	1.0	960	$1,500	$1.56	2d	1	1.41mi
4583 Whisper Lake Dr Black Jack, MO	1.0–5.0	1.0–2.5	1225	$958	$0.78	1d	17	1.44mi
330 Moule Dr Florissant, MO	3.0	1.0	1014	$1,575	$1.55	43d	1	1.47mi

HOA detail condo

• Monthly dues: $264 · $3,168/yr
• Likely covers: parking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $57,500 Active 367 DOM
2. 2026-06-17
   days on market $57,500 Active 366 DOM
3. 2026-06-16
   days on market $57,500 Active 365 DOM
4. 2026-06-15
   days on market $57,500 Active 364 DOM
5. 2026-06-13
   days on market $57,500 Active 362 DOM
6. 2026-06-13
   days on market $57,500 Active 361 DOM
7. 2026-06-09
   days on market $57,500 Active 358 DOM
8. 2026-06-08
   days on market $57,500 Active 357 DOM
9. 2026-06-08
   price $57,500 Active 356 DOM
10. 2026-06-07
    days on market $62,000 Active 356 DOM
11. 2026-06-05
    days on market $62,000 Active 353 DOM
12. 2026-06-03
    days on market $62,000 Active 352 DOM
13. 2026-06-02
    days on market $62,000 Active 351 DOM
14. 2026-06-01
    days on market $62,000 Active 350 DOM
15. 2026-05-31
    days on market $62,000 Active 349 DOM
16. 2026-01-04
    status Active 496-char remark

    Show marketing remark (496 chars)

    This Florissant condo is being sold AS IS in Leisure Village condominium committee! This 2-bedroom, 1-bath condo. It features a spacious layout with an open floor plan for the living room / dining room combo and a breakfast bar. Patio accessible from both the kitchen and bedroom., in a well-maintained community close to shopping, dining, and public transportation! This is an upstairs unit has 2 assigned parking spots on the side of the building. Private storage and laundry in the building,

17. 2025-09-27
    price $62,000 496-char remark

    Show marketing remark (496 chars)

    This Florissant condo is being sold AS IS in Leisure Village condominium committee! This 2-bedroom, 1-bath condo. It features a spacious layout with an open floor plan for the living room / dining room combo and a breakfast bar. Patio accessible from both the kitchen and bedroom., in a well-maintained community close to shopping, dining, and public transportation! This is an upstairs unit has 2 assigned parking spots on the side of the building. Private storage and laundry in the building,

18. 2025-06-13
    listed $63,500 Active 496-char remark

    Show marketing remark (496 chars)

    This Florissant condo is being sold AS IS in Leisure Village condominium committee! This 2-bedroom, 1-bath condo. It features a spacious layout with an open floor plan for the living room / dining room combo and a breakfast bar. Patio accessible from both the kitchen and bedroom., in a well-maintained community close to shopping, dining, and public transportation! This is an upstairs unit has 2 assigned parking spots on the side of the building. Private storage and laundry in the building,

19. 2025-06-04
    historical $63,500 496-char remark

    Show marketing remark (496 chars)

    This Florissant condo is being sold AS IS in Leisure Village condominium committee! This 2-bedroom, 1-bath condo. It features a spacious layout with an open floor plan for the living room / dining room combo and a breakfast bar. Patio accessible from both the kitchen and bedroom., in a well-maintained community close to shopping, dining, and public transportation! This is an upstairs unit has 2 assigned parking spots on the side of the building. Private storage and laundry in the building,

20. 1998-04-22
    soldstatus
21. 1997-02-03
    soldstatus
22. 1997-02-03
    soldstatus
23. 1980-07-01
    soldstatus $35,500

ⓘ 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: $799 · $67/mo
• Projected year-2 tax: $799 · $67/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥106°F today · 22 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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,406
• − Mortgage interest: −$3,221
• − Property taxes: −$799
• − Insurance: −$288
• − Repairs & maintenance: −$1,312
• − Management: −$1,312
• − HOA: −$3,168
• − Depreciation: −$1,673
• Taxable income: $4,633
• Est. tax owed @ 24.0%: −$1,112
• After-tax cash flow: $3,976/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: Ferguson-Florissant R-II
• NCES district ID: 2912010
• Math proficiency: 7% ▼ -9.00%
• Reading proficiency: 20% ▼ -6.00%
• Median HH income: $44,610
• Composite: 11.96/100
• National rank: #9666
• State rank: #311 of 324 in MO

Livability — Florissant

• Score: 73/100
• State rank: #82
• US rank: #5406

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Florissant, MO
• County: Saint Louis County · 888,823 people
• City population: 69,104
• Metro: St. Louis, MO-IL
• Population (ZIP): 43,056
• Household income: $66,776
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 1429.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 1,025,227 people
• By 2030: 1,028,023 · +0.3%
• By 2040: 1,020,940 · -0.4%
• By 2050: 1,007,280 · -1.8%
• By 2075: 987,277 · -3.7%
• By 2100: 921,984 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (71%)
• Race & ethnicity: Black 71% White 23% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Romanian 1% Lithuanian 1% Italian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 95% English-only · Spanish 1% French/Haitian/Cajun 1%

Political lean MEDSL · St. Louis

• 2024 margin: Strong D (+23.4) · D 60.8% · R 37.4% · Other 1.7%
• 2008→2024 swing: +3.5pp toward D · 2008: 19.9pp · 2024: 23.4pp
• All cycles: 2024: D+23.4 2020: D+24.0 2016: D+16.2 2012: D+13.7 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 13.78%
• Current HPI: 570.6
• Rent YoY: ▲ 7.51%
• 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

+74.6% since first listed

8 events — show timeline

• 2026-01-04 Relisted — MARIS as Distributed by MLS Grid
• 2025-09-27 Price Changed $62,000 MARIS as Distributed by MLS Grid
• 2025-06-13 Listed $63,500 MARIS as Distributed by MLS Grid
• 2025-06-04 Coming Soon $63,500 MARIS as Distributed by MLS Grid
• 1998-04-22 Sold (Public Records) — Public Records
• 1997-02-03 Sold (Public Records) — Public Records
• 1997-02-03 Sold (Public Records) — Public Records
• 1980-07-01 Sold (Public Records) $35,500 Public Records

Property tax history

+0.2%/yr

Latest (2022): $799 · +6.6% YoY. Source: county tax records.