702 E 12th Ave · Winfield, KS 67156

$49,500

4 bd · 2.0 ba · 1,931 sqft · SingleFamily public records · 40 Days on market

Built 1910 10,454 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Key facts

• Formal dining room
• Large backyard
• Brand-new roof

Tags

• FORMAL DINING ROOM
• EAT-IN KITCHEN
• LARGE BACKYARD
• CORNER LOT
• BRAND-NEW SIDING
• BRAND-NEW ROOF

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Sewer available; Natural gas available; Private water source
• Home design: Single-family onsite built
• Exterior features: Two levels; Cellar foundation; Composition roof

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Unfinished basement
• Laundry & utility: Laundry on the main floor; No appliances listed

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $733 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $48k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#111 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, employment D+, amenities F.
• Winfield (rural): math 20% / reading 29% proficiency, ranked #138 of 169 in KS (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Winfield Middle School (math 16% / reading 29%, grade F, #130 of 219 statewide, top 61%, 499 students, 54% FRL); Winfield High (math 17% / reading 27%, grade F, #165 of 327 statewide, top 55%, 688 students, 49% FRL).
• Market conditions: 128 active listings in the ZIP; 41 units permitted in Cowley County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $342 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Cowley County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $6k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $48,015 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is D 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?
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: 2.70% ✓
• Cap rate: 24.06%
• Cash-on-cash: 63.47%
• DSCR: 3.82
• GRM: 3.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 62.5%
• Equity multiple: 3.79×
• Total profit: $38,678
• Equity at exit: $7,381

10-year hold

• IRR: 67.0%
• Equity multiple: 7.77×
• Total profit: $93,839
• Equity at exit: $4,280

Cash invested: $13,860 (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 67156

• Home prices YoY: -18.9%
• Active inventory: 128
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,339 medium
• Mortgage (P&I): −$260
• Tax from tax record: −$44 /mo · $533/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $733

Break-even live

Break-even rent $411

Max offer price $49,500

Occupancy floor 40%

Sensitivity live

Price	-10% $761	-5% $747	+0% $733	+5% $719	+10% $705
Rent	-10% $627	-5% $680	+0% $733	+5% $786	+10% $839
Rate	-1.0pp $758	-0.5pp $746	base $733	+0.5pp $720	+1.0pp $707

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: $12,375
• Closing costs: $1,485
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $49,500 Active 40 DOM
2. 2026-06-18
   days on market $49,500 Active 38 DOM
3. 2026-06-17
   days on market $49,500 Active 37 DOM
4. 2026-06-16
   days on market $49,500 Active 36 DOM
5. 2026-06-15
   days on market $49,500 Active 35 DOM
6. 2026-06-13
   days on market $49,500 Active 33 DOM
7. 2026-06-12
   days on market $49,500 Active 32 DOM
8. 2026-06-09
   days on market $49,500 Active 29 DOM
9. 2026-06-08
   days on market $49,500 Active 28 DOM
10. 2026-06-07
    days on market $49,500 Active 27 DOM
11. 2026-06-05
    days on market $49,500 Active 25 DOM
12. 2026-06-04
    days on market $49,500 Active 23 DOM
13. 2026-06-02
    days on market $49,500 Active 22 DOM
14. 2026-06-01
    days on market $49,500 Active 21 DOM
15. 2026-05-31
    days on market $49,500 Active 20 DOM
16. 2026-05-31
    days on market $49,500 Active 19 DOM
17. 2026-05-11
    listed $55,000 Active
18. 2026-04-08
    historical
19. 2026-03-31
    status Active
20. 2026-03-10
    status Pending
21. 2026-02-11
    listed $55,000 Active
22. 2022-06-28
    status Pending
23. 2022-06-08
    listed $47,000 Active
24. 1992-07-01
    soldstatus $46,250

ⓘ 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: $533 · $44/mo
• Projected year-2 tax: $698 · $58/mo
• Expected delta: +$165/yr (+$14/mo · 30.9%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,066
• − Mortgage interest: −$2,773
• − Property taxes: −$533
• − Insurance: −$248
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − Depreciation: −$1,440
• Taxable income: $8,502
• Est. tax owed @ 24.0%: −$2,041
• After-tax cash flow: $6,756/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: Winfield
• NCES district ID: 2013050
• Math proficiency: 20% ▼ -7.00%
• Reading proficiency: 29% ▼ -3.00%
• Median HH income: $43,463
• Composite: 20.99/100
• National rank: #8462
• State rank: #138 of 169 in KS

Livability — Winfield

• Score: 72/100
• State rank: #111
• US rank: #6223

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Winfield, KS
• City population: 14,183
• Population (ZIP): 14,183

Population outlook (Cowley County) Hauer SSP2

• Today (2025): 34,984 people
• By 2030: 34,410 · -1.6%
• By 2040: 33,265 · -4.9%
• By 2050: 32,421 · -7.3%
• By 2075: 31,488 · -10.0%
• By 2100: 30,276 · -13.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 7% Asian 3% Black 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Iranian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Vietnam, Canada
• Languages at home: 95% English-only · Spanish 1% Vietnamese 1% Other Asian/Pacific 1%

Political lean MEDSL · Cowley

• 2024 margin: Solid R (+40.3) · D 29.0% · R 69.3% · Other 1.7%
• 2008→2024 swing: -15.1pp toward R · 2008: -25.2pp · 2024: -40.3pp
• All cycles: 2024: R+40.3 2020: R+37.9 2016: R+37.6 2012: R+29.8 2008: R+25.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.92%
• Current HPI: 184.3198
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+18.9% since first listed

8 events — show timeline

• 2026-05-11 Listed $55,000 SCKMLS as Distributed by MLS Grid
• 2026-04-08 Listing Removed — SCKMLS as Distributed by MLS Grid
• 2026-03-31 Relisted — SCKMLS as Distributed by MLS Grid
• 2026-03-10 Pending — SCKMLS as Distributed by MLS Grid
• 2026-02-11 Listed $55,000 SCKMLS as Distributed by MLS Grid
• 2022-06-28 Pending — SCKMLS as Distributed by MLS Grid
• 2022-06-08 Listed $47,000 SCKMLS as Distributed by MLS Grid
• 1992-07-01 Sold (Public Records) $46,250 Public Records

Property tax history

-6.6%/yr

Latest (2025): $533 · -37.4% YoY. Source: county tax records.