102 E Pennsylvania Ave · Greensburg, KS 67054

$19,000

1 bd · 1.0 ba · 896 sqft · SingleFamily public records · 45 Days on market

Built 1907 6,000 sqft lot

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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
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +4.7/10.0
• Livability +3.6/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• 6,000 sq ft lot
• Parking
• Built 1907

Property features AI

Exterior

• Parking: 1 parking space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Frame construction with vinyl siding; Composition roof; Concrete perimeter foundation; Built area above grade: 896
• Exterior features: Porch

Interior

• Kitchen: Dishwasher; Electric oven; Refrigerator; Gas water heater
• Bedrooms: Bedrooms on one level
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Wood heating; Ceiling fans; Window air conditioning units
• Interior features: Double-pane and storm windows; Wood burning stove
• Laundry & utility: Main level laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $19k.

Deal economics

• At list price, monthly cash flow is $543 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($854 rent vs $19k).
• Recommended offer: $18k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#122 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: schools C-, crime D-, amenities F.
• Kiowa County (rural): math 30% / reading 35% proficiency, ranked #145 of 280 in KS (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 2 active listings in the ZIP; 5 units permitted in Kiowa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6 of equity ($131 loan paydown + $-125 appreciation (-0.7% local appreciation)).
• Kiowa County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-0.7% appreciation + 3.0% rent growth), your $5k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($18k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $10k; list at $19k implies a 90% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1907 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $18,430 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 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 1907 — 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. 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?
5. 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?
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: 4.49% ✓
• Cap rate: 40.59%
• Cash-on-cash: 122.51%
• DSCR: 6.45
• GRM: 1.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.66% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.29×
• Total profit: $33,468
• Equity at exit: $4,900

10-year hold

• IRR: —
• Equity multiple: 15.21×
• Total profit: $75,593
• Equity at exit: $5,417

Cash invested: $5,320 (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 67054

• Home prices YoY: -0.4%
• Active inventory: 2
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $854 medium
• Mortgage (P&I): −$100
• Tax est. 1.5%: −$24 /mo · $285/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$179
• Net cashflow: $543

Break-even live

Break-even rent $166

Max offer price $19,000

Occupancy floor 31%

Sensitivity live

Price	-10% $556	-5% $550	+0% $543	+5% $537	+10% $530
Rent	-10% $476	-5% $509	+0% $543	+5% $577	+10% $611
Rate	-1.0pp $553	-0.5pp $548	base $543	+0.5pp $538	+1.0pp $533

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: $4,750
• Closing costs: $570
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-13
   status $19,000 Pending 45 DOM
2. 2026-06-12
   days on market $19,000 Active 45 DOM
3. 2026-06-09
   days on market $19,000 Active 42 DOM
4. 2026-06-08
   days on market $19,000 Active 41 DOM
5. 2026-06-07
   days on market $19,000 Active 40 DOM
6. 2026-06-05
   days on market $19,000 Active 38 DOM
7. 2026-06-04
   days on market $19,000 Active 36 DOM
8. 2026-06-03
   price $19,000 Active 35 DOM
9. 2026-06-02
   days on market $35,000 Active 35 DOM
10. 2026-06-01
    days on market $35,000 Active 34 DOM
11. 2026-05-31
    days on market $35,000 Active 33 DOM
12. 2026-05-31
    days on market $35,000 Active 32 DOM
13. 2024-12-02
    listed $35,000 Active
14. 2000-02-01
    soldstatus $10,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,244
• − Mortgage interest: −$1,064
• − Property taxes: −$285
• − Insurance: −$95
• − Repairs & maintenance: −$820
• − Management: −$820
• − Depreciation: −$553
• Taxable income: $6,608
• Est. tax owed @ 24.0%: −$1,586
• After-tax cash flow: $4,931/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: Kiowa County
• NCES district ID: 2006720
• Math proficiency: 30% ▲ 5.00%
• Reading proficiency: 35% ▬ 0.00%
• Median HH income: $43,375
• Composite: 30.36/100
• National rank: #11529
• State rank: #145 of 280 in KS

Livability — Greensburg

• Score: 72/100
• State rank: #122
• US rank: #6402

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greensburg, KS
• Population (ZIP): 1,272

Population outlook (Kiowa County) Hauer SSP2

• Today (2025): 2,544 people
• By 2030: 2,553 · +0.4%
• By 2040: 2,570 · +1.0%
• By 2050: 2,660 · +4.6%
• By 2075: 3,149 · +23.8%
• By 2100: 3,651 · +43.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Italian 2% Polish 2% Slovak 2%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 4% German/W. Germanic 2% Korean 1%

Political lean MEDSL · Kiowa

• 2024 margin: Solid R (+71.4) · D 13.6% · R 85.0% · Other 1.4%
• 2008→2024 swing: -8.6pp toward R · 2008: -62.7pp · 2024: -71.4pp
• All cycles: 2024: R+71.4 2020: R+70.6 2016: R+72.7 2012: R+71.5 2008: R+62.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.66%
• Current HPI: 155.3603
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+250.0% since first listed

2 events — show timeline

• 2024-12-02 Listed $35,000 GardenMLS
• 2000-02-01 Sold (Public Records) $10,000 Public Records