Factor in financing to see your actual return on invested capital in Kirksville.
$
$45,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-7.55%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$50,400
$45,000 down + $5,400 closing
Monthly Mortgage
$880
on $135K loan
Monthly Cash Flow
$-317
after all expenses
Annual Cash Flow
$-3,805
before taxes
Cash Flow Breakdown
Monthly Rent$970
Less Expenses−$407
Less Mortgage−$880
Monthly Cash Flow$-317
Is Kirksville a Good Place to Invest in Rental Property?
Kirksville, MO has a population of 50,000 and has been growing at 0.5% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $180,000 paired with median rents of $970/mo produces an estimated cap rate of 4.03%.
Property taxes at 1.25% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 6% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 3.7x, homes cost about 3.7 times the local median income of $48,140. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.5% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Kirksville presents moderate opportunities. Cap rates near 4.03% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.
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