Rental Property Underwriting in St. Louis, MO
Deep cash-flow inventory; block-by-block risk variation.
Typical SFR price
$180,000 – $260,000
3-bed rent (monthly)
$1,400 – $1,800
Effective property-tax rate
1.30% – 1.75%
Insurance (annual, ~$300k SFR)
$1,100 – $1,700
Gross rent-to-price (monthly)
0.65% – 0.85%
Landlord-tenant climate
balanced
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in St. Louis different
- Neighborhood matters more than city average — verify with actual comps at the block.
- Occupancy permits required in many municipalities before tenant move-in.
- Older stock; underwrite $8k-$15k in first-year capex on most acquisitions.
Quick worked example
Mid-range St. Louis deal: $220,000 purchase, $1,600/mo rent → gross yield 8.73%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.