124 W Ruth St · Moundridge, KS 67107

$120,000

4 bd · 2.0 ba · 1,639 sqft · SingleFamily public records · 69 Days on market

Built 1920 0.25 ac lot

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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 +20.8/30.0
• ARV discount +7.5/15.0
• Appreciation +7.0/10.0
• DSCR +6.6/10.0
• 1% rule +5.3/10.0
• Livability +3.8/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

Key facts

• 0.25 acre lot
• Garage
• Built 1920

Property features AI

Exterior

• Parking: Detached or attached garage with 1 garage space; 1 total parking space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Approximately 1,639 above-grade finished area
• Construction: Wood siding construction
• Exterior features: Composition roof; Paved road access

Interior

• Kitchen: Electric range
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 2 full bathrooms, 1 on the main level
• Heating & cooling: Natural gas heating; Central electric air conditioning
• Interior features: Electric range
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $164 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $113k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 76/100 on livability (#56 in KS, #3,768 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, amenities F, commute F.
• Moundridge (rural): math 31% / reading 28% proficiency, ranked #99 of 169 in KS (top 59%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Moundridge Elem (math 50% / reading 30%, grade F, #315 of 684 statewide, top 47%, 188 students, 44% FRL); Moundridge Middle (math 32% / reading 32%, grade F, #58 of 219 statewide, top 27%, 177 students, 41% FRL); Moundridge High (math 24% / reading 15%, grade F, #198 of 327 statewide, top 66%, 132 students, 36% FRL) — zoned schools average 41% FRL vs 25% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 13 active listings in the ZIP; 102 units permitted in McPherson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($830 loan paydown + $5k appreciation (4.0% local appreciation)).
• McPherson County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (4.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 7, 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 69 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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 $21k; list at $120k implies a 467% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $112,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 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 1920 — 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. 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 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: 1.03% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.86%
• DSCR: 1.26
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.5%
• Equity multiple: 1.93×
• Total profit: $31,349
• Equity at exit: $60,811

10-year hold

• IRR: 16.5%
• Equity multiple: 3.66×
• Total profit: $89,366
• Equity at exit: $99,437

Cash invested: $33,600 (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 67107

• Home prices YoY: 1.9%
• Active inventory: 13
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,236 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$133 /mo · $1,600/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $164

Break-even live

Break-even rent $1,029

Max offer price $120,000

Occupancy floor 82%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   days on market $120,000 Active 69 DOM
2. 2026-06-17
   days on market $120,000 Active 68 DOM
3. 2026-06-16
   days on market $120,000 Active 67 DOM
4. 2026-06-15
   days on market $120,000 Active 66 DOM
5. 2026-06-14
   days on market $120,000 Active 64 DOM
6. 2026-06-10
   days on market $120,000 Active 61 DOM
7. 2026-06-09
   days on market $120,000 Active 60 DOM
8. 2026-06-08
   days on market $120,000 Active 59 DOM
9. 2026-06-07
   days on market $120,000 Active 58 DOM
10. 2026-06-03
    days on market $120,000 Active 54 DOM
11. 2026-06-02
    days on market $120,000 Active 53 DOM
12. 2026-06-01
    days on market $120,000 Active 52 DOM
13. 2026-05-31
    days on market $120,000 Active 51 DOM
14. 2026-05-30
    days on market $120,000 Active 50 DOM
15. 2026-04-10
    listed $120,000 Active
16. 2023-12-15
    soldstatus Closed 411-char remark

    Show marketing remark (411 chars)

    OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

17. 2023-11-13
    price $120,000 411-char remark

    Show marketing remark (411 chars)

    OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

18. 2023-11-13
    price $120,000

    Show marketing remark (411 chars)

    OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

19. 2023-11-13
    historical Active Under Contract 411-char remark

    Show marketing remark (411 chars)

    OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

20. 2023-10-08
    price $130,000

    Show marketing remark (411 chars)

    OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

21. 2023-10-08
    price $130,000 411-char remark

    Show marketing remark (411 chars)

    OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

22. 2023-10-03
    listed $140,000 Active

    Show marketing remark (411 chars)

    OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

23. 2023-10-03
    listed $140,000 Active 411-char remark

    Show marketing remark (411 chars)

    OWNER FINANCING AVAILABLE!!!!! Spacious home in Moundridge, with large lot -- great off-street parking! Brand new, partially-covered large deck on the back of this home. Inside you will find 2 bedrooms and a bathroom on the main level, and 2 bedrooms and a bathroom on the upper level. Main floor laundry and spacious dining and living areas. Updated plumbing and electrical! Newer windows in most of the home.

24. 2009-11-01
    soldstatus $21,166
25. 1998-05-01
    soldstatus $15,370
26. 1987-11-01
    soldstatus $19,000

ⓘ 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: $1,600 · $133/mo
• Projected year-2 tax: $1,692 · $141/mo
• Expected delta: +$92/yr (+$8/mo · 5.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,834
• − Mortgage interest: −$6,722
• − Property taxes: −$1,600
• − Insurance: −$600
• − Repairs & maintenance: −$1,187
• − Management: −$1,187
• − Depreciation: −$3,491
• Taxable income: $48
• Est. tax owed @ 24.0%: −$11
• After-tax cash flow: $1,956/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: Moundridge
• NCES district ID: 2009780
• Math proficiency: 31% ▬ 0.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $50,855
• Composite: 25.89/100
• National rank: #7340
• State rank: #99 of 169 in KS

Livability — Moundridge

• Score: 76/100
• State rank: #56
• US rank: #3768

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Moundridge, KS
• Population (ZIP): 2,565

Population outlook (McPherson County) Hauer SSP2

• Today (2025): 28,958 people
• By 2030: 28,735 · -0.8%
• By 2040: 28,020 · -3.2%
• By 2050: 27,276 · -5.8%
• By 2075: 26,211 · -9.5%
• By 2100: 23,976 · -17.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Scotch-Irish 3% Romanian 3% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% German/W. Germanic 2%

Political lean MEDSL · McPherson

• 2024 margin: Solid R (+41.1) · D 28.5% · R 69.6% · Other 1.9%
• 2008→2024 swing: -5.8pp toward R · 2008: -35.3pp · 2024: -41.1pp
• All cycles: 2024: R+41.1 2020: R+40.3 2016: R+42.0 2012: R+41.6 2008: R+35.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.00%
• Current HPI: 209.1564
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+531.6% since first listed

12 events — show timeline

• 2026-04-10 Listed $120,000 MKMLS as distributed by MLS GRID
• 2023-12-15 Sold (MLS) — MKMLS as distributed by MLS GRID
• 2023-11-13 Price Changed $120,000 MKMLS as distributed by MLS GRID
• 2023-11-13 Price Changed $120,000 SCKMLS as Distributed by MLS Grid
• 2023-11-13 Contingent — MKMLS as distributed by MLS GRID
• 2023-10-08 Price Changed $130,000 SCKMLS as Distributed by MLS Grid
• 2023-10-08 Price Changed $130,000 MKMLS as distributed by MLS GRID
• 2023-10-03 Listed $140,000 MKMLS as distributed by MLS GRID
• 2023-10-03 Listed $140,000 SCKMLS as Distributed by MLS Grid
• 2009-11-01 Sold (Public Records) $21,166 Public Records
• 1998-05-01 Sold (Public Records) $15,370 Public Records
• 1987-11-01 Sold (Public Records) $19,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $1,600 · +0.1% YoY. Source: county tax records.