2920 SW Twilight Dr · Topeka, KS 66614

$144,000

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 209 Days on market

Built 1962 6,098 sqft lot Est $128k · 13% over

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Why this score? — see what drove the D- 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 +15.0/30.0
• Rent growth +5.0/5.0
• DSCR +4.6/10.0
• 1% rule +4.3/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.8/15.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Freshly updated 3 bed 1 bath SW ranch house. This home has a beautifully updated kitchen, bath, new flooring, paint, and fixtures throughout. The home is spacious, full of light and sit on a pretty lot. Dont miss out!

Key facts

• Investment property
• Stable neighborhood
• Proven rental demand

Tags

• INVESTMENT PROPERTY
• DEPENDABLE RENTAL INCOME
• FUNCTIONAL FLOOR PLAN
• TURNKEY RENTAL PROPERTY
• STABLE NEIGHBORHOOD
• PROVEN RENTAL DEMAND

Property features AI

Finance

• Financial info: Annual tax amount available

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Composition roof; About 1,152 above-grade finished area
• Exterior features: Patio; Chain link fenced yard

Interior

• Kitchen: Gas water heater
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning
• Interior features: Eat-in kitchen
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $144k.

Deal economics

• At list price, monthly cash flow is $44 ($522/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 $134k (6.9% below list).
• Recommended offer: $127k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.3% in Topeka — 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 69/100 on livability (#195 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, commute F.
• Topeka Public Schools (urban): math 17% / reading 23% proficiency, ranked #158 of 169 in KS (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Jardine Elementary (math 18% / reading 24%, grade F, #583 of 684 statewide, top 85%, 743 students, 79% FRL); Jardine Middle School (math 13% / reading 23%, grade F, #164 of 219 statewide, top 76%, 542 students, 79% FRL); Topeka West High (math 13% / reading 20%, grade F, #244 of 327 statewide, top 75%, 1,085 students, 59% FRL) — zoned schools at 72% FRL track the district average.
• Market conditions: Rents rising fast (+9.9%/yr); 142 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 219 units permitted in Shawnee County in 2024 (25 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $996 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Shawnee County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 14y 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 $37k; list at $144k implies a 289% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 209 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 1962 — 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 F 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. 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?
8. 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.
9. 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.
10. 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: 0.93% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.30%
• DSCR: 1.06
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $127,872
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1916 SW 34th St	0.71mi	3/1.0	980 (-15%)	16mo	$109,000	$111	29

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -8.7%
• Equity multiple: 0.67×
• Total profit: $-13,447
• Equity at exit: $21,471

10-year hold

• IRR: 6.5%
• Equity multiple: 1.60×
• Total profit: $24,227
• Equity at exit: $12,450

Cash invested: $40,320 (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 66614

• Rents YoY: 9.9%
• Active inventory: 142
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,340 high
• Mortgage (P&I): −$755
• Tax from tax record: −$200 /mo · $2,401/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $44

Break-even live

Break-even rent $1,285

Max offer price $144,000

Occupancy floor 92%

Sensitivity live

Price	-10% $125	-5% $84	+0% $44	+5% $3	+10% $-38
Rent	-10% $-62	-5% $-9	+0% $44	+5% $96	+10% $149
Rate	-1.0pp $116	-0.5pp $80	base $44	+0.5pp $6	+1.0pp $-32

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: $36,000
• Closing costs: $4,320
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3630 SW Plass Ave Topeka, KS	3.0	1.5	1080	$1,250	$1.16	22d	3	0.57mi
3640 SW Plass Ave Topeka, KS	3.0	1.5	1180	$1,300	$1.10	22d	1	0.57mi
3211 SW Twilight Ct Topeka, KS	1.0–3.0	1.0–2.0	965	$1,245	$1.29	22d	6	0.82mi
1701 SW 37th St Topeka, KS	2.0	1.0	869	$665	$0.77	22d	1	0.85mi
2920 SW Gage Blvd Topeka, KS	2.0	2.0	925	$850	$0.92	22d	1	0.95mi
1407 SW Glencoe St Topeka, KS	3.0	1.0	1030	$1,295	$1.26	22d	1	1.01mi
1400 SW Afton St Topeka, KS	3.0	1.0	1030	$1,075	$1.04	22d	1	1.02mi
3423 SW Clare Ave Topeka, KS	3.0	1.0	1030	$1,395	$1.35	22d	1	1.21mi
3570 SW Kerry Ave Topeka, KS	3.0	1.0	1080	$1,350	$1.25	22d	1	1.24mi
3635 SW Devon Ave Topeka, KS	3.0	1.0	1118	$1,250	$1.12	22d	1	1.24mi

Listing history 16 events

1. 2026-05-02
   status Active
2. 2026-04-29
   historical
3. 2026-04-27
   price $144,000
4. 2025-10-28
   listed $150,000 Active
5. 2022-10-14
   soldstatus Closed 217-char remark

   Show marketing remark (217 chars)

   Freshly updated 3 bed 1 bath SW ranch house. This home has a beautifully updated kitchen, bath, new flooring, paint, and fixtures throughout. The home is spacious, full of light and sit on a pretty lot. Dont miss out!

6. 2022-10-14
   soldstatus

   Show marketing remark (217 chars)

   Freshly updated 3 bed 1 bath SW ranch house. This home has a beautifully updated kitchen, bath, new flooring, paint, and fixtures throughout. The home is spacious, full of light and sit on a pretty lot. Dont miss out!

7. 2022-09-10
   status Pending 217-char remark

   Show marketing remark (217 chars)

   Freshly updated 3 bed 1 bath SW ranch house. This home has a beautifully updated kitchen, bath, new flooring, paint, and fixtures throughout. The home is spacious, full of light and sit on a pretty lot. Dont miss out!

8. 2022-09-08
   status Active 217-char remark

   Show marketing remark (217 chars)

   Freshly updated 3 bed 1 bath SW ranch house. This home has a beautifully updated kitchen, bath, new flooring, paint, and fixtures throughout. The home is spacious, full of light and sit on a pretty lot. Dont miss out!

9. 2022-08-27
   historical Active Under Contract 217-char remark

   Show marketing remark (217 chars)

   Freshly updated 3 bed 1 bath SW ranch house. This home has a beautifully updated kitchen, bath, new flooring, paint, and fixtures throughout. The home is spacious, full of light and sit on a pretty lot. Dont miss out!

10. 2022-08-25
    listed $124,900 Active 217-char remark

    Show marketing remark (217 chars)

    Freshly updated 3 bed 1 bath SW ranch house. This home has a beautifully updated kitchen, bath, new flooring, paint, and fixtures throughout. The home is spacious, full of light and sit on a pretty lot. Dont miss out!

11. 2012-11-06
    soldstatus
12. 2012-08-13
    soldstatus 166-char remark

    Show marketing remark (166 chars)

    HUD owned property, Ranch style home, Features Main Floor Master Bedroom. Close to major highways, shopping and school. Sold As Is. SHOW-N-Sell HUD Acquired Property.

13. 2012-05-10
    listed $40,000 166-char remark

    Show marketing remark (166 chars)

    HUD owned property, Ranch style home, Features Main Floor Master Bedroom. Close to major highways, shopping and school. Sold As Is. SHOW-N-Sell HUD Acquired Property.

14. 2007-05-31
    soldstatus
15. 2003-04-14
    soldstatus
16. 1997-08-01
    soldstatus $37,000

ⓘ 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: $2,401 · $200/mo
• Projected year-2 tax: $2,401 · $200/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,082
• − Mortgage interest: −$8,066
• − Property taxes: −$2,401
• − Insurance: −$720
• − Repairs & maintenance: −$1,287
• − Management: −$1,287
• − Depreciation: −$4,189
• Taxable loss: −$1,867
• Est. tax savings @ 24.0%: +$448
• After-tax cash flow: $970/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: Topeka Public Schools
• NCES district ID: 2012260
• Math proficiency: 17% ▼ -8.00%
• Reading proficiency: 23% ▼ -2.00%
• Median HH income: $37,405
• Composite: 16.69/100
• National rank: #9167
• State rank: #158 of 169 in KS

Livability — Topeka

• Score: 69/100
• State rank: #195
• US rank: #8848

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Topeka, KS
• County: Shawnee County · 118,130 people
• City population: 118,130
• Metro: Topeka, KS
• Population (ZIP): 32,538
• Household income: $71,377
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 852.0

Population outlook (Shawnee County) Hauer SSP2

• Today (2025): 179,277 people
• By 2030: 177,762 · -0.8%
• By 2040: 172,341 · -3.9%
• By 2050: 166,330 · -7.2%
• By 2075: 152,417 · -15.0%
• By 2100: 134,782 · -24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 7% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Italian 3% Slovak 2% Romanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Shawnee

• 2024 margin: Toss-up / Even · D 49.3% · R 48.8% · Other 2.0%
• 2008→2024 swing: +0.8pp no change · 2008: -0.3pp · 2024: 0.5pp
• All cycles: 2024: D+0.5 2020: D+3.0 2016: R+2.8 2012: R+1.7 2008: R+0.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -160.56%
• Current HPI: 225.5592
• Rent YoY: ▲ 9.88%
• Metro: Topeka, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+289.2% since first listed

16 events — show timeline

• 2026-05-02 Relisted — Sunflower MLS as distributed by MLS GRID
• 2026-04-29 Delisted — Sunflower MLS as distributed by MLS GRID
• 2026-04-27 Price Changed $144,000 Sunflower MLS as distributed by MLS GRID
• 2025-10-28 Listed $150,000 Sunflower MLS as distributed by MLS GRID
• 2022-10-14 Sold (Public Records) — Public Records
• 2022-10-14 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2022-09-10 Pending — Sunflower MLS as distributed by MLS GRID
• 2022-09-08 Relisted — Sunflower MLS as distributed by MLS GRID
• 2022-08-27 Contingent — Sunflower MLS as distributed by MLS GRID
• 2022-08-25 Listed $124,900 Sunflower MLS as distributed by MLS GRID
• 2012-11-06 Sold (Public Records) — Public Records
• 2012-08-13 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2012-05-10 Listed $40,000 Heartland MLS as Distributed by MLS Grid
• 2007-05-31 Sold (Public Records) — Public Records
• 2003-04-14 Sold (Public Records) — Public Records
• 1997-08-01 Sold (Public Records) $37,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $2,401 · +9.3% YoY. Source: county tax records.