1407 Pine St · Hays, KS 67601

$69,000

2 bd · 1.0 ba · 774 sqft · SingleFamily public records · 112 Days on market

Built 1920 6,300 sqft lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great return on your investment!!! This cute bungalow is lease thru June 2020 for $600/mo and tenants pay all utilities. Roof was replaced in 2013. and nbsp; Call Lyn Klein 785-432-3322 for more information. .

Key facts

• Oak kitchen cabinets
• Wired for 220v
• Off-street parking

Tags

• HARDWOOD FLOORS
• OAK KITCHEN CABINETS
• OFF-STREET PARKING
• WIRED FOR 220V

Property features AI

Exterior

• Utilities: Public water; Public sewer; Natural gas available
• Home design: Residential property; Zoned NC.3 / R-3
• Construction: Composition roof
• Exterior features: Covered patio/porch; Fenced yard

Interior

• Kitchen: Dishwasher; Range; Oven; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Heating & cooling: Central heating (natural gas); Window cooling units
• Interior features: Eat-in kitchen; Window coverings

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $125 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($937 rent vs $69k).
• Recommended offer: $63k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#10 in KS, #1,501 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment C-, commute F.
• Hays (town): math 36% / reading 47% proficiency, ranked #27 of 169 in KS (top 16%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 141 active listings in the ZIP; 34 units permitted in Ellis County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Ellis County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $16k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $15k; list at $69k implies a 360% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $152/mo; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AH (mandatory federal flood insurance); extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $62,790 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
7. 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.
8. 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: 1.36% ✓
• Cap rate: 11.11%
• Cash-on-cash: 17.19%
• DSCR: 1.76
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-3,135
• Equity at exit: $10,288

10-year hold

• IRR: 5.5%
• Equity multiple: 1.41×
• Total profit: $7,906
• Equity at exit: $5,966

Cash invested: $19,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kansas: 83 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; moderate court pace.

Methodology + full state rankings →

ZIP-level market 67601

• Active inventory: 141
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $937 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$73 /mo · $874/yr
• Insurance: −$29
• Flood insurance flood zone: −$152 /mo · $1,824/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$197
• Net cashflow: $125

Break-even live

Break-even rent $779

Max offer price $69,000

Occupancy floor 82%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-22
   historical Active Under Contract
2. 2026-05-14
   price $69,000
3. 2026-02-02
   listed $85,000 Active
4. 2020-06-12
   soldstatus 209-char remark

   Show marketing remark (209 chars)

   Great return on your investment!!! This cute bungalow is lease thru June 2020 for $600/mo and tenants pay all utilities. Roof was replaced in 2013. and nbsp; Call Lyn Klein 785-432-3322 for more information. .

5. 2019-05-03
   listed $47,500 209-char remark

   Show marketing remark (209 chars)

   Great return on your investment!!! This cute bungalow is lease thru June 2020 for $600/mo and tenants pay all utilities. Roof was replaced in 2013. and nbsp; Call Lyn Klein 785-432-3322 for more information. .

6. 1986-04-01
   soldstatus $15,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast KS · Resets to sale price

• Current annual tax: $874 · $73/mo
• Projected year-2 tax: $973 · $81/mo
• Expected delta: +$99/yr (+$8/mo · 11.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone AH · 72% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,244
• − Mortgage interest: −$3,865
• − Property taxes: −$874
• − Insurance: −$2,170
• − Repairs & maintenance: −$900
• − Management: −$900
• − Depreciation: −$2,007
• Taxable income: $529
• Est. tax owed @ 24.0%: −$127
• After-tax cash flow: $1,370/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: Hays
• NCES district ID: 2007020
• Math proficiency: 36% ▼ -6.00%
• Reading proficiency: 47% ▲ 3.00%
• Median HH income: $44,639
• Composite: 35.18/100
• National rank: #4998
• State rank: #27 of 169 in KS

Livability — Hays

• Score: 81/100
• State rank: #10
• US rank: #1501

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hays, KS
• County: Ellis County · 24,330 people
• City population: 24,330
• Metro: Hays, KS
• Population (ZIP): 24,330
• Household income: $61,417
• Rent vs Own: 38.5% rent · 61.5% own
• Severe rent burden: 1019.0

Population outlook (Ellis County) Hauer SSP2

• Today (2025): 30,414 people
• By 2030: 31,166 · +2.5%
• By 2040: 32,361 · +6.4%
• By 2050: 33,598 · +10.5%
• By 2075: 36,890 · +21.3%
• By 2100: 39,282 · +29.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 7% Two or more races 4% Asian 2% Black 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 2% Lithuanian 2% Scotch-Irish 2%
• Foreign-born: 3% · Canada, China
• Languages at home: 92% English-only · Spanish 5% German/W. Germanic 1% Chinese 1%

Political lean MEDSL · Ellis

• 2024 margin: Solid R (+46.1) · D 26.0% · R 72.1% · Other 1.9%
• 2008→2024 swing: -12.4pp toward R · 2008: -33.7pp · 2024: -46.1pp
• All cycles: 2024: R+46.1 2020: R+44.0 2016: R+48.4 2012: R+43.8 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -164.33%
• Current HPI: 148.4497
• Rent YoY: —
• Metro: Hays, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+360.0% since first listed

6 events — show timeline

• 2026-05-22 Contingent — Hays MLS
• 2026-05-14 Price Changed $69,000 Hays MLS
• 2026-02-02 Listed $85,000 Hays MLS
• 2020-06-12 Sold (MLS) — Hays MLS
• 2019-05-03 Listed $47,500 Hays MLS
• 1986-04-01 Sold (Public Records) $15,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $874 · +11.2% YoY. Source: county tax records.