1210 Madison · Galena, KS 66739

$30,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily public records

Built 1940 7,000 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Property! House is in need of major repair. No seller financing. Cash or bank loan only. Buyer needs to be pre-qualified or have proof of funds only.

Key facts

• 7,000 sq ft lot
• Built 1940

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $561 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($954 rent vs $30k).

Location & tenants

• Location reads 67/100 on livability (#239 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime F, amenities F, commute F.
• Galena (town): math 23% / reading 35% proficiency, ranked #118 of 169 in KS (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Galena Middle School (math 22% / reading 37%, grade F, #72 of 219 statewide, top 38%, 164 students, 63% FRL) — zoned schools at 63% FRL track the district average.
• Market conditions: 55 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 17 units permitted in Cherokee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• Cherokee County population projected at -26% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $8k; list at $30k implies a 275% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $30,000

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 3.18% ✓
• Cap rate: 28.75%
• Cash-on-cash: 80.20%
• DSCR: 4.57
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $86,688
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
905 Euclid St	0.23mi	2/1.0	1,029 (+2%)	17mo	$89,000	$86	71
1502 S Wood St	0.42mi	2/1.5	936 (-7%)	20mo	$131,000	$140	50
1011 Joplin Ave	0.72mi	2/1.0	944 (-6%)	22mo	$58,000	$61	38

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: 80.4%
• Equity multiple: 4.68×
• Total profit: $30,901
• Equity at exit: $4,473

10-year hold

• IRR: 83.8%
• Equity multiple: 9.69×
• Total profit: $72,973
• Equity at exit: $2,594

Cash invested: $8,400 (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 66739

• Home prices YoY: -15.5%
• Active inventory: 55
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $954 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$23 /mo · $273/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $561

Break-even live

Break-even rent $244

Max offer price $30,000

Occupancy floor 36%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1001 E 5th St Unit B Galena, KS	2.0	1.0	900	$950	$1.06	43d	1	0.50mi
1113 Chica Ln Unit 1 Galena, KS	2.0	1.0	1000	$965	$0.96	43d	1	1.32mi

Listing history 11 events

1. 2022-08-11
   historical

   Show marketing remark (160 chars)

   Investment Property! House is in need of major repair. No seller financing. Cash or bank loan only. Buyer needs to be pre-qualified or have proof of funds only.

2. 2022-08-11
   historical 160-char remark

   Show marketing remark (160 chars)

   Investment Property! House is in need of major repair. No seller financing. Cash or bank loan only. Buyer needs to be pre-qualified or have proof of funds only.

3. 2022-04-20
   listed $30,000

   Show marketing remark (160 chars)

   Investment Property! House is in need of major repair. No seller financing. Cash or bank loan only. Buyer needs to be pre-qualified or have proof of funds only.

4. 2022-04-20
   listed $30,000 160-char remark

   Show marketing remark (160 chars)

   Investment Property! House is in need of major repair. No seller financing. Cash or bank loan only. Buyer needs to be pre-qualified or have proof of funds only.

5. 2019-12-20
   soldstatus
6. 2019-12-20
   soldstatus
7. 2019-05-24
   listed $25,500
8. 2019-05-24
   listed $95,000
9. 2019-05-23
   listed $95,000
10. 2005-10-01
    soldstatus $8,000
11. 2005-04-01
    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 KS · Resets to sale price

• Current annual tax: $273 · $23/mo
• Projected year-2 tax: $423 · $35/mo
• Expected delta: +$150/yr (+$12/mo · 54.9%)

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,453
• − Mortgage interest: −$1,680
• − Property taxes: −$273
• − Insurance: −$150
• − Repairs & maintenance: −$916
• − Management: −$916
• − Depreciation: −$873
• Taxable income: $6,644
• Est. tax owed @ 24.0%: −$1,595
• After-tax cash flow: $5,142/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: Galena
• NCES district ID: 2006360
• Math proficiency: 23% ▼ -1.00%
• Reading proficiency: 35% ▲ 6.00%
• Median HH income: $38,223
• Composite: 24.21/100
• National rank: #7727
• State rank: #118 of 169 in KS

Livability — Galena

• Score: 67/100
• State rank: #239
• US rank: #10647

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galena, KS
• Population (ZIP): 5,240

Population outlook (Cherokee County) Hauer SSP2

• Today (2025): 18,848 people
• By 2030: 17,862 · -5.2%
• By 2040: 15,850 · -15.9%
• By 2050: 13,915 · -26.2%
• By 2075: 10,102 · -46.4%
• By 2100: 6,977 · -63.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 11% Native American 2% Hispanic / Latino 2%
• Common ancestry: Slovak 4% Italian 2% Swedish 2%
• Foreign-born: 2% · China, Canada
• Languages at home: 99% English-only · Chinese 1%

Political lean MEDSL · Cherokee

• 2024 margin: Solid R (+52.9) · D 22.6% · R 75.5% · Other 1.9%
• 2008→2024 swing: -29.2pp toward R · 2008: -23.7pp · 2024: -52.9pp
• All cycles: 2024: R+52.9 2020: R+49.9 2016: R+48.4 2012: R+29.5 2008: R+23.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.57%
• Current HPI: 172.0001
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+275.0% since first listed

11 events — show timeline

• 2022-08-11 Delisted — SOMO
• 2022-08-11 Delisted — OGAR
• 2022-04-20 Listed $30,000 SOMO
• 2022-04-20 Listed $30,000 OGAR
• 2019-12-20 Sold (MLS) — SOMO
• 2019-12-20 Sold (MLS) — OGAR
• 2019-05-24 Listed $95,000 SOMO
• 2019-05-24 Listed $25,500 SOMO
• 2019-05-23 Listed $95,000 OGAR
• 2005-10-01 Sold (Public Records) $8,000 Public Records
• 2005-04-01 Sold (Public Records) — Public Records

Property tax history

-5.9%/yr

Latest (2025): $273 · +7.9% YoY. Source: county tax records.