19456 Jewell Rd · Lebanon, MO 65536

$150,000

3 bd · 2.0 ba · 1,352 sqft · Manufactured public records · 39 Days on market

Built 1998 4.50 ac lot $111/sqft · 31% below area Est $218k · 31% 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 +16.9/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property has an accepted offer in place, waiting on final paperwork to change the status to pending. Room to move around on this 4.5 acres of land. Property features a 1998 built mobile with 3 bedrooms, and 2 full baths. Home has a large living room with a dining area and kitchen. With some TLC this will make a great home. There is a shop building out back for extra storage. Situated out in the country but close to both Lebanon and Lake of the Ozarks.

Key facts

• Metal roof
• Hobby farm
• Single level layout

Tags

• SINGLE LEVEL LAYOUT
• METAL ROOF
• OPEN AND USABLE LAND
• IDEAL FOR HORSES
• HOBBY FARM
• LONG GRAVEL DRIVE

Property features AI

Finance

• Other: Approximately 4.5 acres
• Financial info: Seller may consider concessions; Lease not considered

Exterior

• Parking: Gravel off-street parking
• Utilities: Public water; Lagoon sewer; 220V electric; Phone available; Propane available
• Home design: Manufactured home; Single-story
• Construction: Vinyl siding
• Exterior features: Back yard; Front yard; Cleared lot; Pasture; Pond on the property; Barbed wire fencing

Interior

• Kitchen: Dishwasher; Microwave; Electric oven; Range; Refrigerator
• Bedrooms: Three bedrooms, all on the main level
• Bathrooms: Two full bathrooms, both on the main level
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Breakfast bar; Gas fireplace in living room (propane)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $98 ($1k/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 $124k (17.5% below list).
• Recommended offer: $124k (17.5% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 3.7% in Lebanon — 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 64/100 on livability (#308 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime D, amenities F, commute F.
• Lebanon R-III (town): math 29% / reading 35% proficiency, ranked #256 of 324 in MO (top 79%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lebanon Sr. High (math 16% / reading 34%, grade F, #435 of 521 statewide, top 83%, 1,474 students, 50% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: 256 active listings in the ZIP; 61 units permitted in Laclede County in 2024 (0 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 $4k of value loss. Plan a longer hold.
• Laclede County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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.

Recommended offer $123,697 (17.5% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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. 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: 0.82% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.80%
• DSCR: 1.12
• GRM: 10.1

CMA / ARV

• ARV (median comp): $218,132
• List price: $150,000
• Delta: -31.23%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -11.9%
• Equity multiple: 0.57×
• Total profit: $-18,140
• Equity at exit: $22,365

10-year hold

• IRR: -2.9%
• Equity multiple: 0.81×
• Total profit: $-8,072
• Equity at exit: $12,969

Cash invested: $42,000 (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 65536

• Home prices YoY: -21.8%
• Active inventory: 256
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,237 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$30 /mo · $360/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $98

Break-even live

Break-even rent $1,113

Max offer price $150,000

Occupancy floor 87%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $150,000 Active 39 DOM
2. 2026-06-18
   days on market $150,000 Active 38 DOM
3. 2026-06-17
   days on market $150,000 Active 37 DOM
4. 2026-06-16
   days on market $150,000 Active 36 DOM
5. 2026-06-15
   days on market $150,000 Active 35 DOM
6. 2026-06-14
   days on market $150,000 Active 33 DOM
7. 2026-06-12
   days on market $150,000 Active 32 DOM
8. 2026-06-09
   days on market $150,000 Active 29 DOM
9. 2026-06-08
   days on market $150,000 Active 28 DOM
10. 2026-06-07
    days on market $150,000 Active 27 DOM
11. 2026-06-02
    days on market $150,000 Active 22 DOM
12. 2026-06-01
    days on market $150,000 Active 21 DOM
13. 2026-05-31
    days on market $150,000 Active 20 DOM
14. 2026-05-30
    days on market $150,000 Active 19 DOM
15. 2026-05-11
    listed $150,000 Active 1050-char remark
16. 2020-09-22
    soldstatus 460-char remark

    Show marketing remark (460 chars)

    This property has an accepted offer in place, waiting on final paperwork to change the status to pending. Room to move around on this 4.5 acres of land. Property features a 1998 built mobile with 3 bedrooms, and 2 full baths. Home has a large living room with a dining area and kitchen. With some TLC this will make a great home. There is a shop building out back for extra storage. Situated out in the country but close to both Lebanon and Lake of the Ozarks.

17. 2020-06-14
    listed $32,900 460-char remark

    Show marketing remark (460 chars)

    This property has an accepted offer in place, waiting on final paperwork to change the status to pending. Room to move around on this 4.5 acres of land. Property features a 1998 built mobile with 3 bedrooms, and 2 full baths. Home has a large living room with a dining area and kitchen. With some TLC this will make a great home. There is a shop building out back for extra storage. Situated out in the country but close to both Lebanon and Lake of the Ozarks.

ⓘ 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: $360 · $30/mo
• Projected year-2 tax: $1,455 · $121/mo
• Expected delta: +$1,095/yr (+$91/mo · 303.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,844
• − Mortgage interest: −$8,402
• − Property taxes: −$360
• − Insurance: −$750
• − Repairs & maintenance: −$1,187
• − Management: −$1,187
• − Depreciation: −$4,364
• Taxable loss: −$1,408
• Est. tax savings @ 24.0%: +$338
• After-tax cash flow: $1,514/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: Lebanon R-III
• NCES district ID: 2918270
• Math proficiency: 29% ▼ -10.00%
• Reading proficiency: 35% ▼ -8.00%
• Median HH income: $38,352
• Composite: 26.73/100
• National rank: #7145
• State rank: #256 of 324 in MO

Livability — Lebanon

• Score: 64/100
• State rank: #308
• US rank: #14040

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Laclede County · 29,915 people
• City population: 29,915
• Metro: Lebanon, MO
• Population (ZIP): 29,915
• Household income: $53,783
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 641.0

Population outlook (Laclede County) Hauer SSP2

• Today (2025): 34,730 people
• By 2030: 33,985 · -2.1%
• By 2040: 32,213 · -7.2%
• By 2050: 30,189 · -13.1%
• By 2075: 24,782 · -28.6%
• By 2100: 18,554 · -46.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Iranian 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Laclede

• 2024 margin: Solid R (+66.8) · D 16.1% · R 82.9%
• 2008→2024 swing: +212.7pp toward D · 2008: -279.5pp · 2024: -66.8pp
• All cycles: 2024: R+66.8 2020: R+65.4 2016: R+64.5 2012: R+44.5 2008: R+279.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.82%
• Current HPI: 196.7643
• Rent YoY: —
• Metro: Lebanon, MO
• 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

+355.9% since first listed

3 events — show timeline

• 2026-05-11 Listed $150,000 MARIS as Distributed by MLS Grid
• 2020-09-22 Sold (MLS) — SOMO
• 2020-06-14 Listed $32,900 SOMO

Property tax history

+3.3%/yr

Latest (2025): $360 · +3.9% YoY. Source: county tax records.