415 N Fourth St. Ave · Hill City, KS 67642

$89,000

2 bd · 2.0 ba · 1,055 sqft · SingleFamily public records · 137 Days on market

Built 1920 10,650 sqft 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 +20.5/30.0
• Appreciation +8.4/10.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +5.4/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

If you`ve been dreaming of a renovation project, this 2-bedroom, 1-bath home is calling your name. With purpose, elbow grease, and creative vision, you can transform this property into something truly special. An enclosed front porch, a 2 car carport and 3 nice size lots, there is plenty to offer. Call Tammy Riedel, 785-769-6100 for more information. Under Contract, please bring backup offers. .

Key facts

• Kitchen appliances
• Water heater
• Hookup for gas stove

Tags

• NEW LAMINATE FLOORING
• NEWER FURNACE UNIT
• WATER HEATER
• KITCHEN APPLIANCES
• HOOKUP FOR GAS STOVE

Property features AI

Exterior

• Utilities: Public water; Public sewer; Cable available; Natural gas available
• Home design: Residential property; Entry on level 1
• Construction: Asbestos siding/materials
• Exterior features: Deck

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Heating & cooling: Central air conditioning
• Interior features: Window coverings; 5 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $117 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($927 rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#172 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, amenities F, commute F.
• Graham County (rural): math 18% / reading 27% proficiency, ranked #251 of 280 in KS (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 6 active listings in the ZIP.

Forward outlook

• In year one you build about $7k of equity ($615 loan paydown + $6k appreciation (6.8% local appreciation)).
• Graham County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (6.8% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 137 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 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: 1.04% ✓
• Cap rate: 7.87%
• Cash-on-cash: 5.64%
• DSCR: 1.25
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.77% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.7%
• Equity multiple: 2.50×
• Total profit: $37,283
• Equity at exit: $60,322

10-year hold

• IRR: 20.4%
• Equity multiple: 5.13×
• Total profit: $102,962
• Equity at exit: $113,380

Cash invested: $24,920 (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 67642

• Home prices YoY: 3.6%
• Active inventory: 6
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $927 medium
• Mortgage (P&I): −$467
• Tax est. 1.5%: −$111 /mo · $1,335/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$195
• Net cashflow: $117

Break-even live

Break-even rent $779

Max offer price $89,000

Occupancy floor 82%

Sensitivity live

Price	-10% $179	-5% $148	+0% $117	+5% $86	+10% $56
Rent	-10% $44	-5% $81	+0% $117	+5% $154	+10% $190
Rate	-1.0pp $162	-0.5pp $140	base $117	+0.5pp $94	+1.0pp $71

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $89,000 Active 137 DOM
2. 2026-06-18
   days on market $89,000 Active 135 DOM
3. 2026-06-17
   days on market $89,000 Active 134 DOM
4. 2026-06-16
   days on market $89,000 Active 133 DOM
5. 2026-06-15
   days on market $89,000 Active 132 DOM
6. 2026-06-13
   days on market $89,000 Active 130 DOM
7. 2026-06-12
   days on market $89,000 Active 129 DOM
8. 2026-06-09
   days on market $89,000 Active 126 DOM
9. 2026-06-08
   days on market $89,000 Active 125 DOM
10. 2026-06-07
    days on market $89,000 Active 124 DOM
11. 2026-06-05
    days on market $89,000 Active 122 DOM
12. 2026-06-04
    days on market $89,000 Active 120 DOM
13. 2026-06-02
    days on market $89,000 Active 119 DOM
14. 2026-06-01
    days on market $89,000 Active 118 DOM
15. 2026-05-31
    days on market $89,000 Active 117 DOM
16. 2026-05-31
    days on market $89,000 Active 116 DOM
17. 2026-02-02
    listed $89,000 Active
18. 2025-12-29
    soldstatus Closed 398-char remark

    Show marketing remark (398 chars)

    If you`ve been dreaming of a renovation project, this 2-bedroom, 1-bath home is calling your name. With purpose, elbow grease, and creative vision, you can transform this property into something truly special. An enclosed front porch, a 2 car carport and 3 nice size lots, there is plenty to offer. Call Tammy Riedel, 785-769-6100 for more information. Under Contract, please bring backup offers. .

19. 2025-12-27
    status Pending 398-char remark

    Show marketing remark (398 chars)

    If you`ve been dreaming of a renovation project, this 2-bedroom, 1-bath home is calling your name. With purpose, elbow grease, and creative vision, you can transform this property into something truly special. An enclosed front porch, a 2 car carport and 3 nice size lots, there is plenty to offer. Call Tammy Riedel, 785-769-6100 for more information. Under Contract, please bring backup offers. .

20. 2025-11-15
    price $29,650 398-char remark

    Show marketing remark (398 chars)

    If you`ve been dreaming of a renovation project, this 2-bedroom, 1-bath home is calling your name. With purpose, elbow grease, and creative vision, you can transform this property into something truly special. An enclosed front porch, a 2 car carport and 3 nice size lots, there is plenty to offer. Call Tammy Riedel, 785-769-6100 for more information. Under Contract, please bring backup offers. .

21. 2025-10-12
    price $35,000 398-char remark

    Show marketing remark (398 chars)

    If you`ve been dreaming of a renovation project, this 2-bedroom, 1-bath home is calling your name. With purpose, elbow grease, and creative vision, you can transform this property into something truly special. An enclosed front porch, a 2 car carport and 3 nice size lots, there is plenty to offer. Call Tammy Riedel, 785-769-6100 for more information. Under Contract, please bring backup offers. .

22. 2025-09-29
    price $39,500 398-char remark

    Show marketing remark (398 chars)

    If you`ve been dreaming of a renovation project, this 2-bedroom, 1-bath home is calling your name. With purpose, elbow grease, and creative vision, you can transform this property into something truly special. An enclosed front porch, a 2 car carport and 3 nice size lots, there is plenty to offer. Call Tammy Riedel, 785-769-6100 for more information. Under Contract, please bring backup offers. .

23. 2025-09-16
    listed $45,000 Active 398-char remark

    Show marketing remark (398 chars)

    If you`ve been dreaming of a renovation project, this 2-bedroom, 1-bath home is calling your name. With purpose, elbow grease, and creative vision, you can transform this property into something truly special. An enclosed front porch, a 2 car carport and 3 nice size lots, there is plenty to offer. Call Tammy Riedel, 785-769-6100 for more information. Under Contract, please bring backup offers. .

ⓘ 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 7/10 Severe 95% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥104°F today · 17 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: $11,122
• − Mortgage interest: −$4,985
• − Property taxes: −$1,335
• − Insurance: −$445
• − Repairs & maintenance: −$890
• − Management: −$890
• − Depreciation: −$2,589
• Taxable loss: −$12
• Est. tax savings @ 24.0%: +$3
• After-tax cash flow: $1,409/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: Graham County
• NCES district ID: 2007260
• Math proficiency: 18% ▲ 3.00%
• Reading proficiency: 27% ▲ 6.00%
• Median HH income: $42,902
• Composite: 22.43/100
• National rank: #13471
• State rank: #251 of 280 in KS

Livability — Hill City

• Score: 70/100
• State rank: #172
• US rank: #8068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hill City, KS
• City population: 1,779
• Population (ZIP): 1,779

Population outlook (Graham County) Hauer SSP2

• Today (2025): 2,510 people
• By 2030: 2,458 · -2.1%
• By 2040: 2,399 · -4.4%
• By 2050: 2,403 · -4.3%
• By 2075: 2,658 · +5.9%
• By 2100: 2,880 · +14.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 5% Two or more races 4% Black 2% Asian 2%
• Common ancestry: Lithuanian 6% Serbian 3% Iranian 2%
• Foreign-born: 1% · Vietnam
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Graham

• 2024 margin: Solid R (+65.7) · D 16.3% · R 82.0% · Other 1.7%
• 2008→2024 swing: -14.0pp toward R · 2008: -51.6pp · 2024: -65.7pp
• All cycles: 2024: R+65.7 2020: R+63.8 2016: R+65.5 2012: R+60.4 2008: R+51.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.77%
• Current HPI: 193.775
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+97.8% since first listed

7 events — show timeline

• 2026-02-02 Listed $89,000 Hays MLS
• 2025-12-29 Sold (MLS) — Hays MLS
• 2025-12-27 Pending — Hays MLS
• 2025-11-15 Price Changed $29,650 Hays MLS
• 2025-10-12 Price Changed $35,000 Hays MLS
• 2025-09-29 Price Changed $39,500 Hays MLS
• 2025-09-16 Listed $45,000 Hays MLS