839 W 4th St · Junction City, KS 66441

$64,000

1 bd · 1.0 ba · 440 sqft · SingleFamily public records · 63 Days on market

Built 1940 6,492 sqft lot ↓ 9% since listing

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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 +9.9/10.0
• ARV discount +7.5/15.0
• Rent growth +4.0/5.0
• Livability +3.3/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice sized corner lot. Cozy 1-bedroom, 1-bath home, ideal for low-maintenance living. Perfect for first-time buyers, downsizers, or investors. "As is where is" seller will make no repairs. utilities are off. Buyer is responsible to turn on utilities for inspections

Key facts

• 6,492 sq ft lot
• Built 1940
• Listed 62 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $64k.

Deal economics

• At list price, monthly cash flow is $332 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($953 rent vs $64k).
• Recommended offer: $60k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#266 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, crime F, amenities F.
• Geary County Schools (town): math 32% / reading 39% proficiency, ranked #60 of 169 in KS (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.0%/yr); 260 active listings in the ZIP; 93 units permitted in Geary County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $442 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Geary County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $48k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $60,160 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.49% ✓
• Cap rate: 12.51%
• Cash-on-cash: 22.21%
• DSCR: 1.99
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.05% rent growth · sell at horizon

5-year hold

• IRR: 18.3%
• Equity multiple: 1.77×
• Total profit: $13,769
• Equity at exit: $9,543

10-year hold

• IRR: 28.7%
• Equity multiple: 3.92×
• Total profit: $52,367
• Equity at exit: $5,534

Cash invested: $17,920 (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 66441

• Rents YoY: 6.0%
• Active inventory: 260
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $953 medium
• Mortgage (P&I): −$336
• Tax from tax record: −$59 /mo · $710/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $332

Break-even live

Break-even rent $534

Max offer price $64,000

Occupancy floor 60%

Sensitivity live

Price	-10% $368	-5% $350	+0% $332	+5% $314	+10% $295
Rent	-10% $256	-5% $294	+0% $332	+5% $369	+10% $407
Rate	-1.0pp $364	-0.5pp $348	base $332	+0.5pp $315	+1.0pp $298

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: $16,000
• Closing costs: $1,920
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $64,000 Active 63 DOM
2. 2026-06-18
   days on market $64,000 Active 62 DOM
3. 2026-06-17
   days on market $64,000 Active 61 DOM
4. 2026-06-16
   days on market $64,000 Active 60 DOM
5. 2026-06-15
   days on market $64,000 Active 59 DOM
6. 2026-06-14
   days on market $64,000 Active 57 DOM
7. 2026-06-13
   days on market $64,000 Active 56 DOM
8. 2026-06-10
   days on market $64,000 Active 54 DOM
9. 2026-06-09
   days on market $64,000 Active 53 DOM
10. 2026-06-08
    days on market $64,000 Active 52 DOM
11. 2026-06-07
    days on market $64,000 Active 51 DOM
12. 2026-06-02
    days on market $64,000 Active 46 DOM
13. 2026-06-01
    days on market $64,000 Active 45 DOM
14. 2026-05-31
    days on market $64,000 Active 44 DOM
15. 2026-05-30
    days on market $64,000 Active 43 DOM
16. 2026-05-06
    price $64,000 275-char remark

    Show marketing remark (275 chars)

    Nice sized corner lot. Cozy 1-bedroom, 1-bath home, ideal for low-maintenance living. Perfect for first-time buyers, downsizers, or investors. "As is where is" seller will make no repairs. utilities are off. Buyer is responsible to turn on utilities for inspections

17. 2026-04-16
    listed $72,500 Active 275-char remark

    Show marketing remark (275 chars)

    Nice sized corner lot. Cozy 1-bedroom, 1-bath home, ideal for low-maintenance living. Perfect for first-time buyers, downsizers, or investors. "As is where is" seller will make no repairs. utilities are off. Buyer is responsible to turn on utilities for inspections

18. 2008-04-01
    soldstatus $48,500
19. 2006-10-01
    soldstatus $31,000
20. 2003-06-01
    soldstatus $70,000

ⓘ 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: $710 · $59/mo
• Projected year-2 tax: $902 · $75/mo
• Expected delta: +$192/yr (+$16/mo · 27.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,440
• − Mortgage interest: −$3,585
• − Property taxes: −$710
• − Insurance: −$320
• − Repairs & maintenance: −$915
• − Management: −$915
• − Depreciation: −$1,862
• Taxable income: $3,132
• Est. tax owed @ 24.0%: −$752
• After-tax cash flow: $3,228/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: Geary County Schools
• NCES district ID: 2007890
• Math proficiency: 32% ▲ 1.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $44,319
• Composite: 30.2/100
• National rank: #6306
• State rank: #60 of 169 in KS

Livability — Junction City

• Score: 66/100
• State rank: #266
• US rank: #11965

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Junction City, KS
• County: Geary County · 25,828 people
• City population: 25,828
• Metro: Manhattan, KS
• Population (ZIP): 25,828
• Household income: $59,522
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 950.0

Population outlook (Geary County) Hauer SSP2

• Today (2025): 37,364 people
• By 2030: 38,234 · +2.3%
• By 2040: 39,727 · +6.3%
• By 2050: 40,314 · +7.9%
• By 2075: 44,283 · +18.5%
• By 2100: 46,935 · +25.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 53% Black 19% Two or more races 15% Hispanic / Latino 15% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 4%
• Common ancestry: Lithuanian 3% Italian 2% Portuguese 2%
• Foreign-born: 8% · Canada, South Korea, Vietnam
• Languages at home: 85% English-only · Spanish 9% German/W. Germanic 1% Korean 1%

Political lean MEDSL · Geary

• 2024 margin: R (+17.6) · D 40.1% · R 57.7% · Other 2.2%
• 2008→2024 swing: -5.2pp toward R · 2008: -12.4pp · 2024: -17.6pp
• All cycles: 2024: R+17.6 2020: R+14.7 2016: R+21.7 2012: R+14.4 2008: R+12.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -152.25%
• Current HPI: 137.9936
• Rent YoY: ▲ 6.05%
• Metro: Manhattan, KS
• State GDP YoY: —
• F500 in state: 0

Price history

-8.6% since first listed

5 events — show timeline

• 2026-05-06 Price Changed $64,000 FHAOR as distributed by MLS GRID
• 2026-04-16 Listed $72,500 FHAOR as distributed by MLS GRID
• 2008-04-01 Sold (Public Records) $48,500 Public Records
• 2006-10-01 Sold (Public Records) $31,000 Public Records
• 2003-06-01 Sold (Public Records) $70,000 Public Records

Property tax history

-1.7%/yr

Latest (2025): $710 · +8.2% YoY. Source: county tax records.