67th St · Overland Park, KS 66204

$196,000

3 bd · 1.5 ba · 1,281 sqft · Land · 1 Days on market

Built 1952 0.27 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 +26.1/30.0
• DSCR +8.8/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Livability +4.0/5.0
• Schools +3.8/10.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

his expansive parcel of land, approximately 18 acres in size, presents an enticing opportunity for development. Nestled amidst a charming backdrop of established neighborhoods, this pristine plot is awaiting a precise survey to confirm its exact dimensions. With an ideal location close to Shawnee Golf and Country Club, this rolling topography provides a picturesque canvas for crafting a residential haven, offering the perfect blend of serene suburban living and convenient access to amenities. Don't miss the chance to transform this blank canvas into a residential neighborhood.

Key facts

• Full basement
• 0.27 acre lot
• Garage

Tags

• FULL BASEMENT

Property features AI

Exterior

• Parking: Attached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Ranch floor plan; Residential property
• Construction: Stone and frame with vinyl siding; Composition roof
• Exterior features: Patio; Screened porch; Shed(s)

Interior

• Kitchen: Electric range; Dishwasher; Disposal; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Wood floor
• Bathrooms: One full bath and one half bath
• Heating & cooling: Natural gas heating; Electric cooling; Attic fan
• Interior features: Wood flooring throughout main level spaces; Full basement with sump pump; Sauna
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath land listed at $196k.

Deal economics

• At list price, monthly cash flow is $496 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $196k).
• Cap rate 9.3% vs local median 3.9% in Overland Park — 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 80/100 on livability (#16 in KS, #1,851 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, crime B; Watch: health & safety C-, commute D+.
• Shawnee Mission Pub Schools (suburban): math 38% / reading 46% proficiency, ranked #22 of 169 in KS (top 13%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Santa Fe Trail Elem (math 47% / reading 47%, grade D-, #200 of 684 statewide, top 33%, 313 students, 33% FRL) — zoned schools at 33% FRL track the district average.
• Market conditions: Rents rising fast (+4.8%/yr); 70 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,969 units permitted in Johnson County in 2024 (1,066 in 5+ unit buildings).
• This rent runs 37% of the median local income ($76k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Johnson County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.8% rent growth), your $55k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $1.04M (84%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $196,000

Questions for the listing agent

1. Built in 1952 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.20% ✓
• Cap rate: 9.33%
• Cash-on-cash: 10.85%
• DSCR: 1.48
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.79% rent growth · sell at horizon

5-year hold

• IRR: 1.9%
• Equity multiple: 1.08×
• Total profit: $4,159
• Equity at exit: $29,224

10-year hold

• IRR: 13.2%
• Equity multiple: 2.14×
• Total profit: $62,720
• Equity at exit: $16,946

Cash invested: $54,880 (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 66204

• Rents YoY: 4.8%
• Active inventory: 70
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,342 high
• Mortgage (P&I): −$1,028
• Tax est. 1.5%: −$245 /mo · $2,940/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $496

Break-even live

Break-even rent $1,715

Max offer price $196,000

Occupancy floor 74%

Sensitivity live

Price	-10% $631	-5% $564	+0% $496	+5% $428	+10% $361
Rent	-10% $311	-5% $403	+0% $496	+5% $589	+10% $681
Rate	-1.0pp $595	-0.5pp $546	base $496	+0.5pp $445	+1.0pp $394

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: $49,000
• Closing costs: $5,880
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7108 W 67th St Mission, KS	3.0	1.5	1176	$1,650	$1.40	17d	1	0.61mi
6645 Floyd St Overland Park, KS	3.0	1.0	1025	$1,695	$1.65	11d	1	0.63mi
5309 W 71st St Prairie Village, KS	3.0	2.0	987	$2,800	$2.84	8d	1	0.70mi
6115 Glenwood Ave Mission, KS	3.0	2.0	988	$850	$0.86	24d	1	0.81mi
7335 Nall Ave Prairie Village, KS	4.0	2.0	1486	$2,695	$1.81	13d	1	0.92mi
7329 Ash St Prairie Village, KS	3.0	2.0	1400	$4,750	$3.39	24d	1	0.95mi
7434 Maple Ln Overland Park, KS	3.0	1.0	900	$1,975	$2.19	24d	1	0.97mi
6313 W 75th St Overland Park, KS	1.0–2.0	1.0	950	$3,586	$3.77	11d	1	1.00mi
7109 Conser St Overland Park, KS	4.0	2.0	1706	$2,600	$1.52	8d	1	1.00mi
5717 W 75th St Prairie Village, KS	3.0	1.0	950	$1,950	$2.05	24d	1	1.01mi
6201 Johnson Dr Mission, KS	2.0	1.0–2.0	884	$2,695	$3.05	2d	15	1.02mi
4631 W 62nd Ter Fairway, KS	3.0	2.0	1380	$2,165	$1.57	24d	1	1.12mi
5399 Martway St Unit 535 Mission, KS	2.0	2.0	1355	$2,645	$1.95	24d	1	1.14mi
6801 W 76th St Overland Park, KS	2.0	1.0–2.0	1300	$1,972	$1.52	24d	2	1.15mi
6410 Lowell Ave Mission, KS	3.0	2.0	1152	$1,995	$1.73	15d	1	1.16mi
5808 Nall Ave Unit 5555231 Mission, KS	2.0	2.0	1150	$2,475	$2.15	24d	1	1.21mi
5739 Beverly Ln Mission, KS	2.0	1.0	1000	$2,100	$2.10	8d	1	1.22mi
7818 W 61st Ter Mission, KS	3.0	2.5	1426	$1,700	$1.19	22d	1	1.26mi
4300 W 71st Ter Prairie Village, KS	4.0	2.0	1492	$3,200	$2.14	8d	1	1.27mi
7512 Newton St Overland Park, KS	3.0	2.0	1295	$2,095	$1.62	24d	1	1.40mi
7821 Birch St Prairie Village, KS	3.0	1.0	930	$1,950	$2.10	24d	1	1.48mi

Listing history 2 events

1. 2026-06-19
   remarks 454-char remark
2. 2026-06-19
   listed $196,000 Coming Soon 1 DOM

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

Taxation est. · year 1

• Rental income: $28,109
• − Mortgage interest: −$10,979
• − Property taxes: −$2,940
• − Insurance: −$980
• − Repairs & maintenance: −$2,249
• − Management: −$2,249
• − Depreciation: −$5,702
• Taxable income: $3,011
• Est. tax owed @ 24.0%: −$723
• After-tax cash flow: $5,229/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: Shawnee Mission Pub Schools
• NCES district ID: 2011640
• Math proficiency: 38% ▼ -6.00%
• Reading proficiency: 46% ▼ -2.00%
• Median HH income: $64,923
• Composite: 37.55/100
• National rank: #4391
• State rank: #22 of 169 in KS

Livability — Overland Park

• Score: 80/100
• State rank: #16
• US rank: #1851

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Overland Park, KS
• County: Johnson County · 574,662 people
• City population: 180,138
• Metro: Kansas City, MO-KS
• Population (ZIP): 17,948
• Household income: $75,889
• Rent vs Own: 51.1% rent · 48.9% own
• Severe rent burden: 935.0

Population outlook (Johnson County) Hauer SSP2

• Today (2025): 663,396 people
• By 2030: 702,585 · +5.9%
• By 2040: 775,386 · +16.9%
• By 2050: 841,772 · +26.9%
• By 2075: 994,137 · +49.9%
• By 2100: 1,073,036 · +61.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 17% Two or more races 10% Black 7% Asian 1%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 2% Serbian 2% Slovak 2%
• Foreign-born: 9% · Canada
• Languages at home: 85% English-only · Spanish 11% Other Indo-European 1% Arabic 1%

Political lean MEDSL · Johnson

• 2024 margin: Lean D (+8.5) · D 53.4% · R 44.9% · Other 1.8%
• 2008→2024 swing: +17.5pp toward D · 2008: -9.0pp · 2024: 8.5pp
• All cycles: 2024: D+8.5 2020: D+8.2 2016: R+2.7 2012: R+17.8 2008: R+9.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -355.92%
• Current HPI: 266.5058
• Rent YoY: ▲ 4.79%
• Metro: Kansas City, MO-KS
• State GDP YoY: —
• F500 in state: 0

Price history

-80.2% since first listed

6 events — show timeline

• 2026-06-18 Coming Soon $196,000 Heartland MLS as Distributed by MLS Grid
• 2024-12-17 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2024-09-20 Pending — Heartland MLS as Distributed by MLS Grid
• 2024-08-16 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2024-08-16 Listed $1,238,050 Heartland MLS as Distributed by MLS Grid
• 2023-09-13 Listed $990,000 Heartland MLS as Distributed by MLS Grid