710 Pottawatomie St · Hiawatha, KS 66434

$70,000

2 bd · 1.0 ba · 892 sqft · SingleFamily public records · 148 Days on market

Built 1930 6,970 sqft lot Est $125k · 44% under ↓ 11% since listing

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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 +26.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +7.1/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• Original hardwoods
• 6,970 sq ft lot
• Garage

Tags

• ORIGINAL HARDWOODS

Property features AI

Finance

• Other: Not in a flood plain
• HOA & community: No association fees

Exterior

• Parking: Detached off-street garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Ranch floor plan
• Construction: Brick and vinyl siding exterior; Composition roof
• Exterior features: Metal fencing; City lot

Interior

• Kitchen: Kitchen on the first floor; Eat-in kitchen layout
• Bedrooms: 2 bedrooms (both on the first floor)
• Flooring: Ceramic tile; Wood flooring
• Bathrooms: 1 full bathroom with ceramic tile
• Heating & cooling: Electric heating; Electric cooling (has cooling)
• Interior features: Ceiling fans in living room and bedrooms; Eat-in kitchen
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($847 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#90 in KS, #4,934 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: schools D, crime D-, commute F.
• Hiawatha (town): math 26% / reading 32% proficiency, ranked #112 of 169 in KS (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 32 active listings in the ZIP; 2 units permitted in Brown County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Brown County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 148 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $20k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 148 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 1930 — 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 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?
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: 1.21% ✓
• Cap rate: 9.40%
• Cash-on-cash: 11.09%
• DSCR: 1.49
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $124,880
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
312 Kickapoo St	0.37mi	2/1.0	966 (+8%)	10mo	$142,000	$147	60
301 Iowa St	0.41mi	2/2.0	908 (+2%)	22mo	$121,000	$133	56
107 Osage Ave	0.61mi	2/1.0	824 (-8%)	5mo	$94,500	$115	55
1111 Miami St	0.54mi	1/1.0 (-1)	810 (-9%)	0mo	$113,500	$140	54
404 Utah St	0.35mi	1/2.0 (-1)	790 (-11%)	11mo	$125,000	$158	46

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: 0.3%
• Equity multiple: 1.01×
• Total profit: $209
• Equity at exit: $10,437

10-year hold

• IRR: 9.9%
• Equity multiple: 1.77×
• Total profit: $15,101
• Equity at exit: $6,052

Cash invested: $19,600 (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 66434

• Home prices YoY: -19.1%
• Active inventory: 32
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $847 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$92 /mo · $1,103/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $181

Break-even live

Break-even rent $618

Max offer price $70,000

Occupancy floor 74%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $70,000 Active 148 DOM
2. 2026-06-17
   days on market $70,000 Active 147 DOM
3. 2026-06-16
   days on market $70,000 Active 146 DOM
4. 2026-06-15
   days on market $70,000 Active 145 DOM
5. 2026-06-13
   days on market $70,000 Active 143 DOM
6. 2026-06-12
   pricedays on market $70,000 Active 142 DOM
7. 2026-06-09
   days on market $80,000 Active 139 DOM
8. 2026-06-08
   days on market $80,000 Active 138 DOM
9. 2026-06-07
   days on market $80,000 Active 137 DOM
10. 2026-06-05
    days on market $80,000 Active 135 DOM
11. 2026-06-04
    days on market $80,000 Active 133 DOM
12. 2026-06-02
    days on market $80,000 Active 132 DOM
13. 2026-06-01
    days on market $80,000 Active 131 DOM
14. 2026-05-31
    days on market $80,000 Active 130 DOM
15. 2026-05-31
    days on market $80,000 Active 129 DOM
16. 2026-04-14
    price $80,000
17. 2026-02-18
    price $88,000
18. 2026-01-21
    listed $90,000 Active
19. 2026-01-21
    historical
20. 2025-10-08
    status Active
21. 2025-09-18
    status Pending
22. 2025-07-25
    listed $90,000 Active
23. 2019-09-23
    soldstatus

ⓘ 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: $1,103 · $92/mo
• Projected year-2 tax: $1,103 · $92/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,166
• − Mortgage interest: −$3,921
• − Property taxes: −$1,103
• − Insurance: −$350
• − Repairs & maintenance: −$813
• − Management: −$813
• − Depreciation: −$2,036
• Taxable income: $1,130
• Est. tax owed @ 24.0%: −$271
• After-tax cash flow: $1,903/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: Hiawatha
• NCES district ID: 2000006
• Math proficiency: 26% ▼ -4.00%
• Reading proficiency: 32% ▼ -11.00%
• Median HH income: $41,098
• Composite: 24.5/100
• National rank: #7653
• State rank: #112 of 169 in KS

Livability — Hiawatha

• Score: 74/100
• State rank: #90
• US rank: #4934

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hiawatha, KS
• Population (ZIP): 4,738

Population outlook (Brown County) Hauer SSP2

• Today (2025): 9,357 people
• By 2030: 9,119 · -2.5%
• By 2040: 8,629 · -7.8%
• By 2050: 8,188 · -12.5%
• By 2075: 7,138 · -23.7%
• By 2100: 5,586 · -40.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Hispanic / Latino 2% Native American 2% Black 2%
• Common ancestry: Romanian 3% Iranian 3% Slovak 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Brown

• 2024 margin: Solid R (+47.9) · D 25.0% · R 73.0% · Other 2.0%
• 2008→2024 swing: -9.8pp toward R · 2008: -38.1pp · 2024: -47.9pp
• All cycles: 2024: R+47.9 2020: R+48.2 2016: R+50.8 2012: R+44.0 2008: R+38.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.16%
• Current HPI: 233.9129
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-11.1% since first listed

8 events — show timeline

• 2026-04-14 Price Changed $80,000 Heartland MLS as Distributed by MLS Grid
• 2026-02-18 Price Changed $88,000 Heartland MLS as Distributed by MLS Grid
• 2026-01-21 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2026-01-21 Listed $90,000 Heartland MLS as Distributed by MLS Grid
• 2025-10-08 Relisted — Heartland MLS as Distributed by MLS Grid
• 2025-09-18 Pending — Heartland MLS as Distributed by MLS Grid
• 2025-07-25 Listed $90,000 Heartland MLS as Distributed by MLS Grid
• 2019-09-23 Sold (Public Records) — Public Records

Property tax history

+3.9%/yr

Latest (2025): $1,103 · +20.4% YoY. Source: county tax records.