202 E Parallel St · Clifton, KS 66937

$79,500

4 bd · 1.5 ba · 1,504 sqft · SingleFamily public records · 233 Days on market

Built 1890 7,840 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
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• Appreciation +9.4/10.0
• ARV discount +7.5/15.0
• Livability +3.0/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• Alley access
• Large family room
• Formal dining room

Tags

• DETACHED GARAGE
• LARGE FAMILY ROOM
• FORMAL DINING ROOM
• LAUNDRY AREA
• ALLEY ACCESS
• PARKING SPACE

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public sewer available
• Home design: Single-family onsite built
• Construction: No foundation details listed
• Exterior features: Two levels; Composition roof

Interior

• Kitchen: Refrigerator; Range
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Unfinished basement; Refrigerator; Range
• Laundry & utility: Laundry on main floor

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#438 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B; Watch: employment D+, health & safety D+, crime F.
• Clifton-Clyde (rural): math 20% / reading 35% proficiency, ranked #204 of 280 in KS (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Clifton-Clyde Grade School K-3 (math 50% / reading 50%, grade D, #165 of 684 statewide, top 28%, 94 students, 45% FRL) — zoned schools average 45% FRL vs 26% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 50% at this address vs 28% district-wide (+22 pts) — the actual schools serving this property are materially stronger than the Clifton-Clyde average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 2 active listings in the ZIP; 18 units permitted in Clay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($550 loan paydown + $7k appreciation (8.7% local appreciation)).
• Clay County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.7% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 233 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $27k; list at $80k implies a 194% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $69,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 233 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1890 — 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: 1.46% ✓
• Cap rate: 11.81%
• Cash-on-cash: 19.70%
• DSCR: 1.88
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.74% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.8%
• Equity multiple: 3.69×
• Total profit: $59,862
• Equity at exit: $64,460

10-year hold

• IRR: 32.3%
• Equity multiple: 8.04×
• Total profit: $156,760
• Equity at exit: $132,034

Cash invested: $22,260 (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 66937

• Home prices YoY: 5.2%
• Active inventory: 2
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,158 medium
• Mortgage (P&I): −$417
• Tax est. 1.5%: −$99 /mo · $1,192/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $365

Break-even live

Break-even rent $695

Max offer price $79,500

Occupancy floor 63%

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: $19,875
• Closing costs: $2,385
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $79,500 Active 233 DOM
2. 2026-06-17
   days on market $79,500 Active 232 DOM
3. 2026-06-16
   days on market $79,500 Active 231 DOM
4. 2026-06-15
   days on market $79,500 Active 230 DOM
5. 2026-06-13
   days on market $79,500 Active 228 DOM
6. 2026-06-12
   days on market $79,500 Active 227 DOM
7. 2026-06-09
   days on market $79,500 Active 224 DOM
8. 2026-06-08
   days on market $79,500 Active 223 DOM
9. 2026-06-07
   days on market $79,500 Active 222 DOM
10. 2026-06-05
    days on market $79,500 Active 220 DOM
11. 2026-06-04
    days on market $79,500 Active 218 DOM
12. 2026-06-02
    days on market $79,500 Active 217 DOM
13. 2026-06-01
    days on market $79,500 Active 216 DOM
14. 2026-05-31
    days on market $79,500 Active 215 DOM
15. 2026-05-31
    days on market $79,500 Active 214 DOM
16. 2026-02-25
    price $79,500
17. 2025-09-29
    listed $89,500 Active
18. 2004-05-01
    soldstatus $27,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 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: $13,897
• − Mortgage interest: −$4,453
• − Property taxes: −$1,192
• − Insurance: −$398
• − Repairs & maintenance: −$1,112
• − Management: −$1,112
• − Depreciation: −$2,313
• Taxable income: $3,317
• Est. tax owed @ 24.0%: −$796
• After-tax cash flow: $3,589/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: Clifton-Clyde
• NCES district ID: 2004950
• Math proficiency: 20% ▼ -15.00%
• Reading proficiency: 35% ▼ -5.00%
• Median HH income: $40,909
• Composite: 26.17/100
• National rank: #12715
• State rank: #204 of 280 in KS

Livability — Clifton

• Score: 60/100
• State rank: #438
• US rank: #19021

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clifton, KS
• Population (ZIP): 919

Population outlook (Clay County) Hauer SSP2

• Today (2025): 7,977 people
• By 2030: 7,726 · -3.1%
• By 2040: 7,261 · -9.0%
• By 2050: 6,876 · -13.8%
• By 2075: 6,203 · -22.2%
• By 2100: 5,458 · -31.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Asian 2%
• Common ancestry: Lithuanian 3% German 1% Portuguese 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Other Indo-European 1%

Political lean MEDSL · Clay

• 2024 margin: Solid R (+55.5) · D 21.1% · R 76.6% · Other 2.3%
• 2008→2024 swing: -6.4pp toward R · 2008: -49.1pp · 2024: -55.5pp
• All cycles: 2024: R+55.5 2020: R+54.3 2016: R+58.1 2012: R+53.1 2008: R+49.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.74%
• Current HPI: 177.7277
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+194.4% since first listed

3 events — show timeline

• 2026-02-25 Price Changed $79,500 SCKMLS as Distributed by MLS Grid
• 2025-09-29 Listed $89,500 SCKMLS as Distributed by MLS Grid
• 2004-05-01 Sold (Public Records) $27,000 Public Records