3007 Castle Ct · Salina, KS 67401

$130,000

3 bd · 1.0 ba · 1,170 sqft · MultiFamily public records · 9 Days on market

Built 1958 8,712 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
• Rent growth +3.9/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Multi-family units

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

Listing remarks MLS

Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

Key facts

• Functional kitchen
• Private backyard
• Cul-de-sac

Tags

• CUL-DE-SAC
• PRIVATE BACKYARD
• FUNCTIONAL KITCHEN
• AMPLE CABINET STORAGE
• GENEROUSLY SIZED BEDROOMS
• PLENTY OF CLOSET SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath multifamily listed at $130k.

Deal economics

• At list price, monthly cash flow is $898 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).

Location & tenants

• Location reads 71/100 on livability (#127 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, amenities F.
• Salina (town): math 21% / reading 30% proficiency, ranked #134 of 169 in KS (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Schilling Elem (math 22% / reading 37%, grade F, #463 of 684 statewide, top 73%, 408 students, 82% FRL); Lakewood Middle School (math 11% / reading 23%, grade F, #167 of 219 statewide, top 78%, 688 students, 65% FRL); Salina High South (math 11% / reading 25%, grade F, #233 of 327 statewide, top 71%, 1,102 students, 54% FRL) — zoned schools average 67% FRL vs 50% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.7%/yr); 328 active listings in the ZIP; 293 units permitted in Saline County in 2024 (186 in 5+ unit buildings).
• This rent runs 42% of the median local income ($65k/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 $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Saline County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.7% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 2y 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

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,000

Questions for the listing agent

1. Built in 1958 — 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 D-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 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: 1.73% ✓
• Cap rate: 14.58%
• Cash-on-cash: 29.61%
• DSCR: 2.32
• GRM: 4.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.66% rent growth · sell at horizon

5-year hold

• IRR: 27.1%
• Equity multiple: 2.16×
• Total profit: $42,326
• Equity at exit: $19,383

10-year hold

• IRR: 36.2%
• Equity multiple: 4.77×
• Total profit: $137,345
• Equity at exit: $11,240

Cash invested: $36,400 (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 67401

• Rents YoY: 5.7%
• Active inventory: 328
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,247 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$141 /mo · $1,694/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $898

Break-even live

Break-even rent $1,110

Max offer price $130,000

Occupancy floor 55%

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$2,246
Total (2 units)			$2,247

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-05-22
   status Pending 679-char remark

   Show marketing remark (679 chars)

   Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

2. 2026-04-09
   status Pending
3. 2026-03-30
   listed $130,000 Active
4. 2026-01-02
   historical 679-char remark

   Show marketing remark (679 chars)

   Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

5. 2026-01-02
   historical

   Show marketing remark (679 chars)

   Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

6. 2025-11-11
   status Active
7. 2025-11-09
   status Active 679-char remark

   Show marketing remark (679 chars)

   Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

8. 2025-11-01
   historical

   Show marketing remark (679 chars)

   Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

9. 2025-11-01
   historical 679-char remark

   Show marketing remark (679 chars)

   Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

10. 2025-09-11
    price $125,000 679-char remark

    Show marketing remark (679 chars)

    Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

11. 2025-09-11
    price $125,000

    Show marketing remark (679 chars)

    Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

12. 2025-08-18
    listed $130,000 Active 679-char remark

    Show marketing remark (679 chars)

    Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

13. 2025-08-18
    listed $130,000 Active

    Show marketing remark (679 chars)

    Charming 3-bedroom, 1-bathroom home located on a quiet cul-de-sac in the desirable Schilling area. This one-level residence offers convenient living with easy access to nearby schools, parks, and shopping. Inside, you’ll find a bright and welcoming layout with a comfortable living space perfect for relaxing or entertaining. The functional kitchen provides plenty of cabinet space, and the bedrooms are spacious with ample storage. Outside, enjoy a private backyard ideal for gardening or play. Perfect for first-time buyers, downsizers, or anyone seeking a low-maintenance home in a great neighborhood. Don’t miss this opportunity—schedule your showing today!

14. 2024-07-01
    soldstatus
15. 2024-05-21
    listed $119,000
16. 2000-06-01
    soldstatus $398,517

ⓘ 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: $1,694 · $141/mo
• Projected year-2 tax: $1,833 · $153/mo
• Expected delta: +$139/yr (+$12/mo · 8.2%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,964
• − Mortgage interest: −$7,282
• − Property taxes: −$1,694
• − Insurance: −$650
• − Repairs & maintenance: −$2,157
• − Management: −$2,157
• − Depreciation: −$3,782
• Taxable income: $9,242
• Est. tax owed @ 24.0%: −$2,218
• After-tax cash flow: $8,559/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: Salina
• NCES district ID: 2011370
• Math proficiency: 21% ▼ -3.00%
• Reading proficiency: 30% ▼ -1.00%
• Median HH income: $44,726
• Composite: 21.94/100
• National rank: #8224
• State rank: #134 of 169 in KS

Livability — Salina

• Score: 71/100
• State rank: #127
• US rank: #6569

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Salina, KS
• County: Saline County · 50,217 people
• City population: 50,217
• Metro: Salina, KS
• Population (ZIP): 50,217
• Household income: $64,606
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 1536.0

Population outlook (Saline County) Hauer SSP2

• Today (2025): 55,099 people
• By 2030: 54,446 · -1.2%
• By 2040: 52,572 · -4.6%
• By 2050: 50,362 · -8.6%
• By 2075: 45,522 · -17.4%
• By 2100: 40,059 · -27.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 13% Two or more races 7% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Lithuanian 3% Iranian 2% Slovak 2%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 91% English-only · Spanish 6% Other Asian/Pacific 1% Korean 1%

Political lean MEDSL · Saline

• 2024 margin: Solid R (+31.6) · D 33.3% · R 64.9% · Other 1.8%
• 2008→2024 swing: -5.3pp toward R · 2008: -26.2pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+30.5 2016: R+34.3 2012: R+32.2 2008: R+26.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -210.03%
• Current HPI: 175.4541
• Rent YoY: ▲ 5.66%
• Metro: Salina, KS
• State GDP YoY: —
• F500 in state: 0

Price history

-67.4% since first listed

16 events — show timeline

• 2026-05-22 Pending — FHAOR as distributed by MLS GRID
• 2026-04-09 Pending — SCKMLS as Distributed by MLS Grid
• 2026-03-30 Listed $130,000 SCKMLS as Distributed by MLS Grid
• 2026-01-02 Delisted — FHAOR as distributed by MLS GRID
• 2026-01-02 Listing Removed — SCKMLS as Distributed by MLS Grid
• 2025-11-11 Relisted — SCKMLS as Distributed by MLS Grid
• 2025-11-09 Relisted — FHAOR as distributed by MLS GRID
• 2025-11-01 Listing Removed — SCKMLS as Distributed by MLS Grid
• 2025-11-01 Delisted — FHAOR as distributed by MLS GRID
• 2025-09-11 Price Changed $125,000 FHAOR as distributed by MLS GRID
• 2025-09-11 Price Changed $125,000 SCKMLS as Distributed by MLS Grid
• 2025-08-18 Listed $130,000 FHAOR as distributed by MLS GRID
• 2025-08-18 Listed $130,000 SCKMLS as Distributed by MLS Grid
• 2024-07-01 Sold (Public Records) — Public Records
• 2024-05-21 Listed $119,000 SCKMLS as Distributed by MLS Grid
• 2000-06-01 Sold (Public Records) $398,517 Public Records

Property tax history

+4.5%/yr

Latest (2025): $1,694 · +35.1% YoY. Source: county tax records.