1012 E Winding Ln · Derby, KS 67037

$200,000

4 bd · 3.0 ba · 1,866 sqft · SingleFamily public records · 6 Days on market

Built 2009 0.25 ac lot $17/mo HOA · 1% of rent

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Why this score? — see what drove the C 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 +23.9/30.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• 1% rule +6.6/10.0
• Rent growth +3.7/5.0
• Livability +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• Siding repairs
• Exterior painting
• 0.25 acre lot

Tags

• FUNCTIONAL FLOOR PLAN
• GENEROUS LIVING SPACES
• LAYOUT FOR RENOVATION
• COSMETIC IMPROVEMENTS NEEDED
• SIDING REPAIRS
• EXTERIOR PAINTING

Property features AI

Finance

• Other: Property located in Sedgwick County
• HOA & community: Has association; $200 association fee; $200 initiation fee

Exterior

• Parking: Detached or attached 2-car garage
• Utilities: Public water; Sewer available; Natural gas available
• Home design: Single-family onsite-built home
• Construction: Composition roof
• Exterior features: Covered patio/porch; One level; Daylight finished basement; Full foundation

Interior

• Kitchen: Dishwasher; Disposal
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central electric air conditioning
• Interior features: Dishwasher; Disposal; Wood-burning fireplace (one)
• Laundry & utility: Main floor laundry in a separate room with 220V equipment

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).

Location & tenants

• Location reads 68/100 on livability (#229 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A; Watch: crime C-, amenities F, commute F.
• Derby (suburban): math 29% / reading 36% proficiency, ranked #66 of 169 in KS (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Derby Hills Elem (math 32% / reading 37%, grade F, #388 of 684 statewide, top 61%, 384 students, 43% FRL); Derby North Middle School (math 29% / reading 29%, grade F, #85 of 219 statewide, top 40%, 828 students, 48% FRL); Derby High School (math 17% / reading 21%, grade F, #230 of 327 statewide, top 71%, 2,172 students, 43% FRL).
• Market conditions: Rents rising fast (+4.9%/yr); 279 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,613 units permitted in Sedgwick County in 2024 (258 in 5+ unit buildings).
• This rent runs 33% of the median local income ($86k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Sedgwick County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $56k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 18y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.16% ✓
• Cap rate: 8.62%
• Cash-on-cash: 8.30%
• DSCR: 1.37
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.93% rent growth · sell at horizon

5-year hold

• IRR: -1.4%
• Equity multiple: 0.95×
• Total profit: $-3,062
• Equity at exit: $29,821

10-year hold

• IRR: 10.3%
• Equity multiple: 1.88×
• Total profit: $49,082
• Equity at exit: $17,292

Cash invested: $56,000 (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 67037

• Rents YoY: 4.9%
• Active inventory: 279
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,329 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$304 /mo · $3,643/yr
• Insurance: −$83
• HOA: −$17
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $387

Break-even live

Break-even rent $1,839

Max offer price $200,000

Occupancy floor 78%

Sensitivity live

Price	-10% $500	-5% $444	+0% $387	+5% $331	+10% $274
Rent	-10% $203	-5% $295	+0% $387	+5% $479	+10% $571
Rate	-1.0pp $488	-0.5pp $438	base $387	+0.5pp $335	+1.0pp $283

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3056 N Rough Creek Rd Derby, KS	5.0	3.0	2465	$2,695	$1.09	24d	1	0.16mi
2920 N Rough Creek Rd Derby, KS	5.0	3.0	2509	$2,350	$0.94	24d	1	0.25mi
902 Bellows St Derby, KS	3.0	2.0	2492	$2,100	$0.84	22d	1	0.45mi
2146 N Woodlawn Blvd Derby, KS	3.0	2.5	1500	$1,395	$0.93	14d	1	0.95mi

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 5 events

1. 2026-06-14
   statusdays on market $200,000 Pending 6 DOM
2. 2026-06-10
   days on market $200,000 Active 5 DOM
3. 2026-06-09
   days on market $200,000 Active 4 DOM
4. 2026-06-08
   days on market $200,000 Active 3 DOM
5. 2026-06-07
   listed $200,000 Active 2 DOM

ⓘ 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: $3,643 · $304/mo
• Projected year-2 tax: $3,643 · $304/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥106°F today · 18 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: $27,948
• − Mortgage interest: −$11,203
• − Property taxes: −$3,643
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,236
• − Management: −$2,236
• − HOA: −$204
• − Depreciation: −$5,818
• Taxable income: $1,608
• Est. tax owed @ 24.0%: −$386
• After-tax cash flow: $4,260/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: Derby
• NCES district ID: 2005460
• Math proficiency: 29% ▼ -3.00%
• Reading proficiency: 36% ▲ 1.00%
• Median HH income: $60,460
• Composite: 29.25/100
• National rank: #6564
• State rank: #66 of 169 in KS

Livability — Derby

• Score: 68/100
• State rank: #229
• US rank: #10061

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Derby, KS
• County: Sedgwick County · 432,957 people
• City population: 30,278
• Metro: Wichita, KS
• Population (ZIP): 30,278
• Household income: $85,541
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 397.0

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 12% Two or more races 10% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4%

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: ▼ -186.65%
• Current HPI: 217.1231
• Rent YoY: ▲ 4.93%
• Metro: Wichita, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+65.6% since first listed

7 events — show timeline

• 2026-06-05 Listed $200,000 SCKMLS as Distributed by MLS Grid
• 2019-04-19 Sold (Public Records) — Public Records
• 2019-02-19 Listed $179,900 SCKMLS as Distributed by MLS Grid
• 2014-05-21 Sold (Public Records) — Public Records
• 2013-11-19 Listed $146,900 SCKMLS as Distributed by MLS Grid
• 2008-11-03 Sold (Public Records) — Public Records
• 2008-05-27 Listed $120,750 SCKMLS as Distributed by MLS Grid

Property tax history

+5.5%/yr

Latest (2025): $3,643 · +1.9% YoY. Source: county tax records.