317 E Pine St · Drexel, MO 64742

$149,900

3 bd · 1.0 ba · 1,178 sqft · SingleFamily public records · 35 Days on market

Built 1910 0.34 ac lot $127/sqft · 17% below area Est $180k · 17% under ↓ 17% 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).

• ARV discount +15.0/15.0
• Cash flow +11.2/30.0
• DSCR +3.3/10.0
• Schools +3.1/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this charming, move-in ready 3-bedroom, 1-bath bungalow in the heart of Drexel! Situated on a spacious double lot, this property offers the perfect blend of character, updates, and outdoor space. Inside, you’ll love the beautifully refinished hardwood floors that add warmth and timeless appeal throughout. The home has been thoughtfully updated with fresh interior and exterior paint and a new roof, giving you peace of mind and a clean, modern feel. The layout is cozy yet functional, featuring three comfortable bedrooms, a full bath, and abundant natural light throughout the main living spaces. Step outside to enjoy the expansive yard—ideal for gardening, entertain

Key facts

• 0.34 acre lot
• Built 1910
• Listed 34 days

Property features AI

Finance

• Other: Lot approximately 99' x 152' (14,985 sq ft); Above-grade finished area reported from public records
• HOA & community: No association fees; No community maintenance provided

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; 1.5-story floor plan; Approximately 101+ years old
• Construction: Asbestos construction materials; Composition roof
• Exterior features: Front porch; Shed(s) on property; Located inside city limits; City lot with paved road access (public maintenance)

Interior

• Kitchen: Microwave; Refrigerator; Free-standing electric oven
• Bedrooms: 3 bedrooms (two on main level, one on upper level)
• Flooring: Carpet; Luxury vinyl; Wood
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Natural gas heating with forced air; Electric cooling
• Interior features: Ceiling fans; Painted cabinets; Crawl space basement
• Laundry & utility: Main-level laundry room; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-59 ($-706/yr) — negative.
• To cash-flow at today's rent, offer at most $140k (6.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $111k (26.1% below list).
• Recommended offer: $111k (26.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 53/100 on livability (#822 in MO) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B; Watch: employment D+, schools F, crime F.
• Drexel R-IV (rural): math 25% / reading 40% proficiency, ranked #412 of 535 in MO (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 33 active listings in the ZIP; 588 units permitted in Cass 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.
• Cass County population projected to shrink 3% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,744 (26.1% 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. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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?
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 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: 0.74% ✗
• Cap rate: 5.82%
• Cash-on-cash: -1.68%
• DSCR: 0.93
• GRM: 11.3

CMA / ARV

• ARV (median comp): $180,216
• List price: $149,900
• Delta: -16.82%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
402 N 3rd St	0.08mi	3/1.5	1,238 (+5%)	7mo	$115,000	$93	80
221 S 3rd St	0.26mi	4/2.0 (+1)	1,154 (-2%)	1mo	$275,000	$238	74
445 E Hickory St	0.30mi	3/1.0	1,092 (-7%)	2mo	$228,000	$209	72
444 E Ash St	0.23mi	3/1.0	1,056 (-10%)	1mo	$250,000	$237	71
414 Wisteria Ln	0.36mi	3/2.0	1,146 (-3%)	8mo	$298,000	$260	68
325 E Hickory St	0.26mi	3/1.5	1,346 (+14%)	2mo	$239,000	$178	60
120 S 3rd St	0.22mi	3/2.0	1,032 (-12%)	7mo	$164,900	$160	59
441 E Bates St	0.31mi	3/1.5	1,334 (+13%)	10mo	$249,000	$187	54
213 E Bates St	0.29mi	2/1.0 (-1)	1,043 (-12%)	12mo	$194,900	$187	53
E Willetta St	0.40mi	3/2.0	1,345 (+14%)	13mo	$295,000	$219	43
119 N State St. St	0.33mi	3/2.0	1,345 (+14%)	19mo	$274,900	$204	41
312 E Frazier St	0.42mi	3/2.0	1,350 (+15%)	18mo	$299,900	$222	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.33×
• Total profit: $-28,084
• Equity at exit: $22,351

10-year hold

• IRR: -11.8%
• Equity multiple: 0.30×
• Total profit: $-29,469
• Equity at exit: $12,961

Cash invested: $41,972 (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 64742

• Home prices YoY: -11.0%
• Active inventory: 33
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,107 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$85 /mo · $1,022/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $-59

Break-even live

Break-even rent $1,182

Max offer price $139,504

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $149,900 Active 35 DOM
2. 2026-06-17
   days on market $149,900 Active 34 DOM
3. 2026-06-16
   days on market $149,900 Active 33 DOM
4. 2026-06-15
   days on market $149,900 Active 32 DOM
5. 2026-06-13
   days on market $149,900 Active 30 DOM
6. 2026-06-12
   pricedays on market $149,900 Active 29 DOM
7. 2026-06-09
   days on market $159,900 Active 26 DOM
8. 2026-06-08
   days on market $159,900 Active 25 DOM
9. 2026-06-07
   pricedays on market $159,900 Active 24 DOM
10. 2026-06-05
    days on market $169,900 Active 22 DOM
11. 2026-06-04
    days on market $169,900 Active 20 DOM
12. 2026-06-02
    days on market $169,900 Active 19 DOM
13. 2026-06-01
    days on market $169,900 Active 18 DOM
14. 2026-05-31
    days on market $169,900 Active 17 DOM
15. 2026-05-15
    listed $179,900 Active 1214-char remark
16. 2026-05-15
    historical $179,900 1214-char remark

ⓘ 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: $1,022 · $85/mo
• Projected year-2 tax: $1,454 · $121/mo
• Expected delta: +$432/yr (+$36/mo · 42.3%)

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,289
• − Mortgage interest: −$8,397
• − Property taxes: −$1,022
• − Insurance: −$750
• − Repairs & maintenance: −$1,063
• − Management: −$1,063
• − Depreciation: −$4,361
• Taxable loss: −$3,366
• Est. tax savings @ 24.0%: +$808
• After-tax cash flow: $102/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: Drexel R-IV
• NCES district ID: 2911070
• Math proficiency: 25% ▼ -5.00%
• Reading proficiency: 40% ▬ 0.00%
• Median HH income: $49,749
• Composite: 30.96/100
• National rank: #11331
• State rank: #412 of 535 in MO

Livability — Drexel

• Score: 53/100
• State rank: #822
• US rank: #24458

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Drexel, MO
• Population (ZIP): 2,348

Population outlook (Cass County) Hauer SSP2

• Today (2025): 105,292 people
• By 2030: 106,109 · +0.8%
• By 2040: 105,786 · +0.5%
• By 2050: 102,062 · -3.1%
• By 2075: 88,569 · -15.9%
• By 2100: 68,293 · -35.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Iranian 2% Italian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · French/Haitian/Cajun 1%

Political lean MEDSL · Cass

• 2024 margin: Solid R (+32.1) · D 33.3% · R 65.4% · Other 1.3%
• 2008→2024 swing: -12.5pp toward R · 2008: -19.6pp · 2024: -32.1pp
• All cycles: 2024: R+32.1 2020: R+31.6 2016: R+35.9 2012: R+28.4 2008: R+19.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.68%
• Current HPI: 215.8936
• 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

-16.7% since first listed

5 events — show timeline

• 2026-06-12 Price Changed $149,900 Heartland MLS as Distributed by MLS Grid
• 2026-06-05 Price Changed $159,900 Heartland MLS as Distributed by MLS Grid
• 2026-05-27 Price Changed $169,900 Heartland MLS as Distributed by MLS Grid
• 2026-05-15 Listed $179,900 Heartland MLS as Distributed by MLS Grid
• 2026-05-15 Coming Soon $179,900 Heartland MLS as Distributed by MLS Grid

Property tax history

+5.8%/yr

Latest (2025): $1,022 · +99.2% YoY. Source: county tax records.