12244 W Rosemary St · Maize, KS 67223

$211,900

3 bd · 2.0 ba · 1,368 sqft · MultiFamily · 139 Days on market

0.26 ac lot $90/mo HOA · 6% of rent

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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 +29.9/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Schools +3.8/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Key facts

• Quartz countertops
• Large eating bar
• Durable lvp flooring

Tags

• THOUGHTFULLY DESIGNED LAYOUT
• DURABLE LVP FLOORING
• QUARTZ COUNTERTOPS
• WALK-IN PANTRY
• STAINLESS STEEL APPLIANCES
• LARGE EATING BAR

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $1,080; One-time HOA initiation fee of $200; HOA covers lawn service, trash, and general upkeep of common areas

Exterior

• Parking: 2-car garage
• Utilities: Public water; Sewer available; Natural gas available
• Home design: Duplex
• Construction: Composition roof; No foundation details provided
• Exterior features: One story; Patio; Wrought iron fencing; Storm windows

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Range
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air (electric); Forced air heating (natural gas)
• Interior features: Dishwasher; Microwave; Refrigerator; Range; Main-floor laundry; No basement
• Laundry & utility: Laundry on main floor

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $212k.

Deal economics

• At list price, monthly cash flow is $787 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $212k).
• Recommended offer: $186k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#139 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment C-, amenities F, commute F.
• Maize (rural): math 36% / reading 45% proficiency, ranked #20 of 169 in KS (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Vermillion Elementary School (math 40% / reading 43%, grade F, #306 of 684 statewide, top 45%, 835 students, 25% FRL); Maize Middle School (math 25% / reading 37%, grade F, #62 of 219 statewide, top 28%, 734 students, 29% FRL); Maize Sr High (math 25% / reading 26%, grade F, #98 of 327 statewide, top 30%, 1,289 students, 26% FRL).
• Market conditions: 40 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,613 units permitted in Sedgwick County in 2024 (258 in 5+ unit buildings).

Forward outlook

• In year one you build about $23k of equity ($1k loan paydown + $21k appreciation (10.0% local appreciation)).
• Sedgwick County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $59k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($186k) is reasonable based on typical stale-listing flexibility.

Recommended offer $186,472 (12.0% below list)

Questions for the listing agent

1. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.40% ✓
• Cap rate: 10.75%
• Cash-on-cash: 15.92%
• DSCR: 1.71
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.1%
• Equity multiple: 3.79×
• Total profit: $165,641
• Equity at exit: $190,896

10-year hold

• IRR: 31.1%
• Equity multiple: 8.56×
• Total profit: $448,560
• Equity at exit: $411,675

Cash invested: $59,332 (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 67223

• Home prices YoY: 7.7%
• Active inventory: 40
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $2,964 medium
• Mortgage (P&I): −$1,111
• Tax est. 1.5%: −$265 /mo · $3,178/yr
• Insurance: −$88
• HOA: −$90
• Vacancy / Maint / Mgmt: −$622
• Net cashflow: $787

Break-even live

Break-even rent $1,968

Max offer price $211,900

Occupancy floor 68%

Sensitivity live

Price	-10% $934	-5% $860	+0% $787	+5% $714	+10% $641
Rent	-10% $553	-5% $670	+0% $787	+5% $904	+10% $1,021
Rate	-1.0pp $894	-0.5pp $841	base $787	+0.5pp $732	+1.0pp $676

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,964
Total (2 units)			$2,964

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: $52,975
• Closing costs: $6,357
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12198 Northstar St Wichita, KS	3.0	2.0	1470	$1,795	$1.22	15d	1	0.10mi
12062 W Fennec St Wichita, KS	3.0	2.0	1182	$1,500	$1.27	25d	1	0.17mi
3700 N 119th St W Wichita, KS	3.0–5.0	2.0–3.0	1632	$1,500	$0.92	15d	1	0.25mi
12452 W Fennec St Wichita, KS	4.0	2.0	1376	$1,695	$1.23	23d	1	0.27mi
12438 W Blanford St Wichita, KS	4.0	2.0	1376	$1,745	$1.27	15d	1	0.31mi
12123 W Cora St Unit 12123 Cora Wichita, KS	3.0	2.0	1255	$1,495	$1.19	25d	1	0.38mi
3540 N Maize Rd Wichita, KS	1.0–3.0	1.0–2.0	1027	$1,616	$1.57	15d	13	1.32mi

HOA detail

• Monthly dues: $90 · $1,080/yr

Listing history 18 events

1. 2026-06-21
   days on market $211,900 Active 139 DOM
2. 2026-06-18
   days on market $211,900 Active 136 DOM
3. 2026-06-17
   days on market $211,900 Active 135 DOM
4. 2026-06-16
   days on market $211,900 Active 134 DOM
5. 2026-06-15
   days on market $211,900 Active 133 DOM
6. 2026-06-14
   days on market $211,900 Active 131 DOM
7. 2026-06-13
   days on market $211,900 Active 130 DOM
8. 2026-06-10
   days on market $211,900 Active 128 DOM
9. 2026-06-09
   days on market $211,900 Active 127 DOM
10. 2026-06-08
    days on market $211,900 Active 126 DOM
11. 2026-06-07
    days on market $211,900 Active 125 DOM
12. 2026-06-05
    days on market $211,900 Active 122 DOM
13. 2026-06-03
    days on market $211,900 Active 121 DOM
14. 2026-06-02
    days on market $211,900 Active 120 DOM
15. 2026-06-01
    days on market $211,900 Active 119 DOM
16. 2026-05-31
    days on market $211,900 Active 118 DOM
17. 2026-05-30
    days on market $211,900 Active 117 DOM
18. 2026-02-02
    listed $211,900 Active

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

Taxation est. · year 1

• Rental income: $35,568
• − Mortgage interest: −$11,870
• − Property taxes: −$3,178
• − Insurance: −$1,060
• − Repairs & maintenance: −$2,845
• − Management: −$2,845
• − HOA: −$1,080
• − Depreciation: −$6,164
• Taxable income: $6,525
• Est. tax owed @ 24.0%: −$1,566
• After-tax cash flow: $7,880/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: Maize
• NCES district ID: 2009140
• Math proficiency: 36% ▼ -6.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $87,686
• Composite: 38.48/100
• National rank: #4184
• State rank: #20 of 169 in KS

Livability — Maize

• Score: 71/100
• State rank: #139
• US rank: #6865

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maize, KS
• City population: 6,941
• Population (ZIP): 773

Population outlook (Sedgwick County) Hauer SSP2

• Today (2025): 537,014 people
• By 2030: 546,984 · +1.9%
• By 2040: 559,141 · +4.1%
• By 2050: 562,027 · +4.7%
• By 2075: 557,255 · +3.8%
• By 2100: 513,383 · -4.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6% Hispanic / Latino 5%
• Common ancestry: Slovak 1% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · German/W. Germanic 2% Spanish 1%

Political lean MEDSL · Sedgwick

• 2024 margin: R (+13.8) · D 42.3% · R 56.1% · Other 1.6%
• 2008→2024 swing: -1.1pp toward R · 2008: -12.7pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.6 2016: R+19.1 2012: R+19.7 2008: R+12.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 11.53%
• Current HPI: 160.75
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

1 event — show timeline

• 2026-02-02 Listed $211,900 SCKMLS as Distributed by MLS Grid