1116 Lake Maurer Rd · Excelsior Springs, MO 64024

$189,900

2 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 151 Days on market

Built 1928 0.49 ac lot $174/sqft · 40% above area Est $247k · 23% under

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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 +9.4/30.0
• Livability +3.4/5.0
• Schools +2.9/10.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This freshly updated 2-bedroom, 1-bathroom ranch home offers 1,092 sq ft of main-level living space with brand-new flooring and paint throughout. The simple, open layout flows seamlessly from the inviting living room to the dining area and a bright, open kitchen. Enjoy oversized rooms including a large laundry room and spacious bathroom, plus a relaxing screened-in front porch overlooking the expansive, secluded lot - perfect for morning coffee or an evening unwinding! The unfinished 900 sq ft basement provides incredible value-add potential. Outdoor lovers will appreciate the exterior barn with installed climbing wall (great for kids!), ample storage, and covered two car carport. Mature trees and open yard space creates a park-like setting while still be conveniently close to town! Don’t miss your opportunity - schedule a showing today!

Key facts

• Unfinished basement
• Brand new flooring
• Bright open kitchen

Tags

• BRAND NEW FLOORING
• BRIGHT OPEN KITCHEN
• SCREENED IN FRONT PORCH
• EXPANSIVE SECLUDED LOT
• UNFINISHED BASEMENT
• EXTERIOR BARN

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $-135 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $166k (12.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $133k (30.0% below list).
• Recommended offer: $133k (30.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#228 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• Excelsior Springs 40 (town): math 27% / reading 40% proficiency, ranked #225 of 324 in MO (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lewis Elementary (math 35% / reading 41%, grade F, #604 of 1,115 statewide, top 54%, 425 students, 62% FRL); Excelsior Springs Middle (math 21% / reading 33%, grade F, #306 of 391 statewide, top 80%, 576 students, 51% FRL); Excelsior Springs High (math 12% / reading 62%, grade F, #291 of 521 statewide, top 60%, 787 students, 37% FRL).
• Market conditions: 122 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 341 units permitted in Clay County in 2024 (40 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 $6k of value loss. Plan a longer hold.
• Clay County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y ago; this cycle's ask has dropped $40k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,907 (30.0% 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 151 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.70% ✗
• Cap rate: 5.44%
• Cash-on-cash: -3.06%
• DSCR: 0.86
• GRM: 11.9

CMA / ARV

• ARV (median comp): $247,287
• List price: $189,900
• Delta: -23.21%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1121 Lake Maurer Rd	0.02mi	3/1.0 (+1)	1,056 (-3%)	21mo	$190,000	$180	71
227 Central St	0.26mi	3/2.0 (+1)	1,174 (+8%)	2mo	$170,000	$145	65
119 East St	0.09mi	2/1.0	968 (-11%)	16mo	$215,000	$222	63
1122 Lake Maurer Rd	0.03mi	2/2.0	1,198 (+10%)	18mo	$184,500	$154	63
1701 Birch St	0.65mi	2/1.5	1,112 (+2%)	7mo	$299,900	$270	59
906 Lake Maurer Rd	0.33mi	3/1.5 (+1)	1,236 (+13%)	10mo	$99,900	$81	47
1311 St Louis Ave	0.63mi	3/2.0 (+1)	1,008 (-8%)	13mo	$150,000	$149	38
719 Shirewood Rd	0.68mi	3/2.0 (+1)	1,025 (-6%)	15mo	$160,000	$156	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: -21.4%
• Equity multiple: 0.26×
• Total profit: $-39,452
• Equity at exit: $28,315

10-year hold

• IRR: -15.2%
• Equity multiple: 0.14×
• Total profit: $-45,691
• Equity at exit: $16,419

Cash invested: $53,172 (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 64024

• Home prices YoY: -15.3%
• Active inventory: 122
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $1,329 high
• Mortgage (P&I): −$996
• Tax from tax record: −$110 /mo · $1,324/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $-135

Break-even live

Break-even rent $1,500

Max offer price $165,987

Occupancy floor —

Sensitivity live

Price	-10% $-28	-5% $-82	+0% $-135	+5% $-189	+10% $-243
Rent	-10% $-240	-5% $-188	+0% $-135	+5% $-83	+10% $-30
Rate	-1.0pp $-40	-0.5pp $-87	base $-135	+0.5pp $-185	+1.0pp $-235

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1800 W Jesse James Rd Excelsior Springs, MO	1.0	1.0	700	$995	$1.42	3d	1	1.24mi
1406 Magnolia W Excelsior Springs, MO	2.0	1.0	750	$895	$1.19	23d	2	1.25mi
139 S Maple St Excelsior Springs, MO	3.0	2.0	1490	$1,650	$1.11	3d	1	1.28mi
317 Woods St Excelsior Springs, MO	2.0	1.0	884	$1,350	$1.53	3d	1	1.30mi
410 N Titus Ave Excelsior Springs, MO	3.0	2.0	910	$1,476	$1.62	45d	1	1.41mi

Listing history 14 events

1. 2026-06-08
   days on market $189,900 Active 151 DOM
2. 2026-06-07
   days on market $189,900 Active 150 DOM
3. 2026-06-03
   days on market $189,900 Active 146 DOM
4. 2026-06-02
   days on market $189,900 Active 145 DOM
5. 2026-06-01
   days on market $189,900 Active 144 DOM
6. 2026-05-31
   days on market $189,900 Active 143 DOM
7. 2026-03-16
   price $189,900 855-char remark

   Show marketing remark (855 chars)

   This freshly updated 2-bedroom, 1-bathroom ranch home offers 1,092 sq ft of main-level living space with brand-new flooring and paint throughout. The simple, open layout flows seamlessly from the inviting living room to the dining area and a bright, open kitchen. Enjoy oversized rooms including a large laundry room and spacious bathroom, plus a relaxing screened-in front porch overlooking the expansive, secluded lot - perfect for morning coffee or an evening unwinding! The unfinished 900 sq ft basement provides incredible value-add potential. Outdoor lovers will appreciate the exterior barn with installed climbing wall (great for kids!), ample storage, and covered two car carport. Mature trees and open yard space creates a park-like setting while still be conveniently close to town! Don’t miss your opportunity - schedule a showing today!

8. 2026-02-19
   price $194,900 855-char remark

   Show marketing remark (855 chars)

   This freshly updated 2-bedroom, 1-bathroom ranch home offers 1,092 sq ft of main-level living space with brand-new flooring and paint throughout. The simple, open layout flows seamlessly from the inviting living room to the dining area and a bright, open kitchen. Enjoy oversized rooms including a large laundry room and spacious bathroom, plus a relaxing screened-in front porch overlooking the expansive, secluded lot - perfect for morning coffee or an evening unwinding! The unfinished 900 sq ft basement provides incredible value-add potential. Outdoor lovers will appreciate the exterior barn with installed climbing wall (great for kids!), ample storage, and covered two car carport. Mature trees and open yard space creates a park-like setting while still be conveniently close to town! Don’t miss your opportunity - schedule a showing today!

9. 2026-02-10
   price $214,900 855-char remark

   Show marketing remark (855 chars)

   This freshly updated 2-bedroom, 1-bathroom ranch home offers 1,092 sq ft of main-level living space with brand-new flooring and paint throughout. The simple, open layout flows seamlessly from the inviting living room to the dining area and a bright, open kitchen. Enjoy oversized rooms including a large laundry room and spacious bathroom, plus a relaxing screened-in front porch overlooking the expansive, secluded lot - perfect for morning coffee or an evening unwinding! The unfinished 900 sq ft basement provides incredible value-add potential. Outdoor lovers will appreciate the exterior barn with installed climbing wall (great for kids!), ample storage, and covered two car carport. Mature trees and open yard space creates a park-like setting while still be conveniently close to town! Don’t miss your opportunity - schedule a showing today!

10. 2026-01-08
    listed $229,900 Active 855-char remark

    Show marketing remark (855 chars)

    This freshly updated 2-bedroom, 1-bathroom ranch home offers 1,092 sq ft of main-level living space with brand-new flooring and paint throughout. The simple, open layout flows seamlessly from the inviting living room to the dining area and a bright, open kitchen. Enjoy oversized rooms including a large laundry room and spacious bathroom, plus a relaxing screened-in front porch overlooking the expansive, secluded lot - perfect for morning coffee or an evening unwinding! The unfinished 900 sq ft basement provides incredible value-add potential. Outdoor lovers will appreciate the exterior barn with installed climbing wall (great for kids!), ample storage, and covered two car carport. Mature trees and open yard space creates a park-like setting while still be conveniently close to town! Don’t miss your opportunity - schedule a showing today!

11. 2012-12-10
    listed $49,900 76-char remark

    Show marketing remark (76 chars)

    Cute bungalow with hardwood floors under the carpet. 2 car attached carport.

12. 2010-03-01
    historical
13. 2009-09-11
    listed $69,900
14. 2004-08-24
    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: $1,324 · $110/mo
• Projected year-2 tax: $1,842 · $154/mo
• Expected delta: +$518/yr (+$43/mo · 39.1%)

ⓘ 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 4/10 Moderate 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,949
• − Mortgage interest: −$10,637
• − Property taxes: −$1,324
• − Insurance: −$950
• − Repairs & maintenance: −$1,276
• − Management: −$1,276
• − Depreciation: −$5,524
• Taxable loss: −$5,038
• Est. tax savings @ 24.0%: +$1,209
• After-tax cash flow: $-415/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: Excelsior Springs 40
• NCES district ID: 2911650
• Math proficiency: 27% ▼ -6.00%
• Reading proficiency: 40% ▼ -1.00%
• Median HH income: $52,747
• Composite: 29.32/100
• National rank: #6548
• State rank: #225 of 324 in MO

Livability — Excelsior Springs

• Score: 67/100
• State rank: #228
• US rank: #11166

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Excelsior Springs, MO
• County: Clay County · 220,651 people
• City population: 15,574
• Metro: Kansas City, MO-KS
• Population (ZIP): 15,574
• Household income: $77,895
• Rent vs Own: 23.2% rent · 76.8% own
• Severe rent burden: 329.0

Population outlook (Clay County) Hauer SSP2

• Today (2025): 266,022 people
• By 2030: 280,057 · +5.3%
• By 2040: 306,153 · +15.1%
• By 2050: 328,630 · +23.5%
• By 2075: 375,182 · +41.0%
• By 2100: 392,861 · +47.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Hispanic / Latino 6% Black 3% Native American 1%
• Hispanic origin (detail): Mexican 4% Cuban 2%
• Common ancestry: Italian 2% Serbian 2% Portuguese 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Clay

• 2024 margin: Lean R (+5.6) · D 46.4% · R 52.0% · Other 1.6%
• 2008→2024 swing: -4.9pp toward R · 2008: -0.7pp · 2024: -5.6pp
• All cycles: 2024: R+5.6 2020: R+4.1 2016: R+11.1 2012: R+8.4 2008: R+0.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.83%
• Current HPI: 302.9184
• Rent YoY: —
• Metro: Kansas City, MO-KS
• 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

+171.7% since first listed

8 events — show timeline

• 2026-03-16 Price Changed $189,900 Heartland MLS as Distributed by MLS Grid
• 2026-02-19 Price Changed $194,900 Heartland MLS as Distributed by MLS Grid
• 2026-02-10 Price Changed $214,900 Heartland MLS as Distributed by MLS Grid
• 2026-01-08 Listed $229,900 Heartland MLS as Distributed by MLS Grid
• 2012-12-10 Listed $49,900 Heartland MLS as Distributed by MLS Grid
• 2010-03-01 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2009-09-11 Listed $69,900 Heartland MLS as Distributed by MLS Grid
• 2004-08-24 Sold (Public Records) — Public Records

Property tax history

+2.3%/yr

Latest (2025): $1,324 · +10.3% YoY. Source: county tax records.