237 Fairlane St · Lansing, KS 66043

$265,000

4 bd · 2.5 ba · 1,315 sqft · SingleFamily public records · 4 Days on market

Built 1967 7,574 sqft lot Est $213k · 24% over

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Why this score? — see what drove the F 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 +13.5/30.0
• DSCR +4.1/10.0
• Livability +3.8/5.0
• 1% rule +3.6/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This fantastic ranch is ready for its new owners! Home was completely remodeled in 2014. All one level living potential with laundry currently located in the garage. Don't miss out on seeing this unique Lansing home. .. you will not be disappointed. Priced below recent appraisal from July 2018.

Key facts

• Newer roof
• Updated kitchen
• Granite countertops

Tags

• NEWER ROOF
• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• TILE BACKSPLASH
• ENGINEERED HARDWOOD FLOORS
• HARDWOOD FLOORS

Property features AI

Exterior

• Parking: Attached garage (garage faces front); 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Ranch floor plan; Residential property
• Construction: Frame construction with vinyl siding; Composition roof; Finished full basement with inside entrance
• Exterior features: Patio; Metal fencing; Shed(s); City lot with paved road (public maintenance)

Interior

• Kitchen: Granite counters; Pantry; Dishwasher; Disposal; Microwave; Refrigerator; Electric range
• Bedrooms: 4 bedrooms (two on the first floor; additional bedrooms in the basement)
• Flooring: Carpet; Tile; Wood
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Ceiling fans; Painted cabinets; Pantry; Walk-in closet(s); Window coverings; Kit/Dining combo
• Laundry & utility: Laundry area located in the garage

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $10 ($118/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (13.8% below list).
• Recommended offer: $229k (13.8% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.5% in Lansing — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#52 in KS, #3,637 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• Lansing (town): math 32% / reading 45% proficiency, ranked #25 of 169 in KS (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lansing Elementary School (math 42% / reading 37%, grade F, #321 of 684 statewide, top 52%, 762 students, 40% FRL); Lansing Middle 6-8 (math 29% / reading 46%, grade F, #35 of 219 statewide, top 16%, 635 students, 33% FRL); Lansing High 9-12 (math 23% / reading 36%, grade F, #60 of 327 statewide, top 24%, 870 students, 25% FRL).
• Market conditions: 53 active listings in the ZIP; solid renter incomes; 347 units permitted in Leavenworth County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Leavenworth County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 12y 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 $41k; list at $265k implies a 552% gain — meaningful room to come down on a strong offer.

Recommended offer $228,525 (13.8% below list)

Questions for the listing agent

1. Built in 1967 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.86% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.16%
• DSCR: 1.01
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $213,030
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
415 Fairlane St	0.27mi	4/2.0	1,375 (+5%)	5mo	$220,000	$160	74
200 Highland Rd	0.21mi	3/2.0 (-1)	1,288 (-2%)	14mo	$225,000	$175	68
320 Holiday Dr	0.23mi	3/2.0 (-1)	1,350 (+3%)	13mo	$200,000	$148	67
603 Valley Dr	0.17mi	3/2.5 (-1)	1,393 (+6%)	14mo	$210,000	$151	66
319 Holiday Dr	0.22mi	3/2.0 (-1)	1,405 (+7%)	7mo	$220,000	$157	65
113 Karen Ln	0.28mi	3/3.0 (-1)	1,243 (-6%)	9mo	$310,000	$249	64
408 Fairlane St	0.23mi	3/1.5 (-1)	1,427 (+8%)	9mo	$198,000	$139	59
122 Woodland Rd	0.30mi	4/2.0	1,192 (-9%)	21mo	$230,000	$193	51
114 Emile St	0.35mi	3/1.0 (-1)	1,152 (-12%)	3mo	$185,000	$161	50
131 Brookridge St	0.34mi	3/2.0 (-1)	1,474 (+12%)	9mo	$265,000	$180	50
605 Valley Dr	0.18mi	3/1.5 (-1)	1,480 (+12%)	18mo	$240,000	$162	47
805 Ida St	0.62mi	3/1.5 (-1)	1,492 (+14%)	16mo	$249,000	$167	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -16.0%
• Equity multiple: 0.43×
• Total profit: $-42,304
• Equity at exit: $39,512

10-year hold

• IRR: -7.7%
• Equity multiple: 0.52×
• Total profit: $-35,982
• Equity at exit: $22,912

Cash invested: $74,200 (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 66043

• Home prices YoY: -17.8%
• Active inventory: 53
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,285 medium
• Mortgage (P&I): −$1,390
• Tax from tax record: −$295 /mo · $3,545/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $10

Break-even live

Break-even rent $2,273

Max offer price $265,000

Occupancy floor 95%

Sensitivity live

Price	-10% $160	-5% $85	+0% $10	+5% $-65	+10% $-140
Rent	-10% $-171	-5% $-80	+0% $10	+5% $100	+10% $190
Rate	-1.0pp $143	-0.5pp $77	base $10	+0.5pp $-59	+1.0pp $-129

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-03
   status Pending
2. 2026-04-29
   listed $265,000 Active
3. 2018-09-18
   soldstatus
4. 2018-09-17
   soldstatus Sold 296-char remark

   Show marketing remark (296 chars)

   This fantastic ranch is ready for its new owners! Home was completely remodeled in 2014. All one level living potential with laundry currently located in the garage. Don't miss out on seeing this unique Lansing home. .. you will not be disappointed. Priced below recent appraisal from July 2018.

5. 2018-08-17
   status Pending 296-char remark

   Show marketing remark (296 chars)

   This fantastic ranch is ready for its new owners! Home was completely remodeled in 2014. All one level living potential with laundry currently located in the garage. Don't miss out on seeing this unique Lansing home. .. you will not be disappointed. Priced below recent appraisal from July 2018.

6. 2018-08-10
   listed $165,000 Active 296-char remark

   Show marketing remark (296 chars)

   This fantastic ranch is ready for its new owners! Home was completely remodeled in 2014. All one level living potential with laundry currently located in the garage. Don't miss out on seeing this unique Lansing home. .. you will not be disappointed. Priced below recent appraisal from July 2018.

7. 2015-01-15
   soldstatus 108-char remark

   Show marketing remark (108 chars)

   - BRAND NEW THROUGHOUT!!!!!!!!!!!!!!!!!!!! Current appraisal on hand for $150k from buyers lender/appraiser.

8. 2015-01-15
   soldstatus

   Show marketing remark (108 chars)

   - BRAND NEW THROUGHOUT!!!!!!!!!!!!!!!!!!!! Current appraisal on hand for $150k from buyers lender/appraiser.

9. 2014-12-05
   listed $142,500 108-char remark

   Show marketing remark (108 chars)

   - BRAND NEW THROUGHOUT!!!!!!!!!!!!!!!!!!!! Current appraisal on hand for $150k from buyers lender/appraiser.

10. 2014-10-31
    soldstatus
11. 2014-09-30
    listed $79,900
12. 1998-06-01
    soldstatus $40,620
13. 1992-10-01
    soldstatus $50,000

ⓘ 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: $3,545 · $295/mo
• Projected year-2 tax: $3,736 · $311/mo
• Expected delta: +$191/yr (+$16/mo · 5.4%)

ⓘ 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 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,423
• − Mortgage interest: −$14,844
• − Property taxes: −$3,545
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,194
• − Management: −$2,194
• − Depreciation: −$7,709
• Taxable loss: −$4,388
• Est. tax savings @ 24.0%: +$1,053
• After-tax cash flow: $1,171/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: Lansing
• NCES district ID: 2008340
• Math proficiency: 32% ▼ -3.00%
• Reading proficiency: 45% ▲ 1.00%
• Median HH income: $82,125
• Composite: 36.27/100
• National rank: #4703
• State rank: #25 of 169 in KS

Livability — Lansing

• Score: 76/100
• State rank: #52
• US rank: #3637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansing, KS
• County: Leavenworth County · 57,713 people
• City population: 11,056
• Metro: Kansas City, MO-KS
• Population (ZIP): 11,056
• Household income: $103,060
• Rent vs Own: 21.7% rent · 78.3% own
• Severe rent burden: 154.0

Population outlook (Leavenworth County) Hauer SSP2

• Today (2025): 85,138 people
• By 2030: 87,518 · +2.8%
• By 2040: 91,715 · +7.7%
• By 2050: 95,304 · +11.9%
• By 2075: 103,750 · +21.9%
• By 2100: 101,230 · +18.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 13% Two or more races 11% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Leavenworth

• 2024 margin: Strong R (+22.8) · D 37.6% · R 60.4% · Other 2.1%
• 2008→2024 swing: -11.2pp toward R · 2008: -11.6pp · 2024: -22.8pp
• All cycles: 2024: R+22.8 2020: R+21.1 2016: R+24.7 2012: R+20.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.88%
• Current HPI: 192.7951
• Rent YoY: —
• Metro: Kansas City, MO-KS
• State GDP YoY: —
• F500 in state: 0

Price history

+430.0% since first listed

13 events — show timeline

• 2026-05-03 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-04-29 Listed $265,000 Heartland MLS as Distributed by MLS Grid
• 2018-09-18 Sold (Public Records) — Public Records
• 2018-09-17 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2018-08-17 Pending — Heartland MLS as Distributed by MLS Grid
• 2018-08-10 Listed $165,000 Heartland MLS as Distributed by MLS Grid
• 2015-01-15 Sold (Public Records) — Public Records
• 2015-01-15 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2014-12-05 Listed $142,500 Heartland MLS as Distributed by MLS Grid
• 2014-10-31 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2014-09-30 Listed $79,900 Heartland MLS as Distributed by MLS Grid
• 1998-06-01 Sold (Public Records) $40,620 Public Records
• 1992-10-01 Sold (Public Records) $50,000 Public Records

Property tax history

+6.8%/yr

Latest (2025): $3,545 · +7.2% YoY. Source: county tax records.