263 W Main St · Prescott, KS 66767

$110,000

2 bd · 1.5 ba · 1,274 sqft · SingleFamily public records · 25 Days on market

Built 1956 0.33 ac lot Est $75k · 46% 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 +16.7/30.0
• Appreciation +9.1/10.0
• DSCR +5.2/10.0
• 1% rule +4.5/10.0
• Livability +2.9/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Adorable and Cozy, this ranch style home is ready for new owners. 2 Bedroom/ 1.5 Bathroom attached 2 car garage, cute eat in kitchen, large living room, an even bigger family room, and plenty of storage space. Property also offers a huge fenced in back yard with shed and an additional garage/shop. Located on a nice, shaded lot in Prescott, KS.

Key facts

• 0.33 acre lot
• 2 garage spots
• Built 1956

Property features AI

Exterior

• Parking: Attached garage; 2-car garage
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single family residence; Ranch floor plan; Residential property
• Construction: Board & batten siding; Composition roof; Crawl space foundation; Built approximately 51–75 years ago
• Exterior features: Covered patio; Privacy fencing; Paved road access; Garage(s) and shed(s) on property

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Gas range
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet; Vinyl; Wood
• Bathrooms: 1 full bath (main) with shower only; 1 half bath (main)
• Heating & cooling: Natural gas heating; Electric cooling
• Interior features: Ceiling fans throughout; Painted cabinets; Eat-in kitchen; Family room
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $68 ($821/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 $105k (4.7% below list).
• Recommended offer: $105k (4.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 58/100 on livability (#497 in KS) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Jayhawk (rural): math 32% / reading 30% proficiency, ranked #95 of 169 in KS (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Jayhawk-Linn High (math 22% / reading 17%, grade F, #216 of 327 statewide, top 70%, 259 students, 55% FRL).
• Market conditions: 4 active listings in the ZIP; 97 units permitted in Linn County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($761 loan paydown + $9k appreciation (8.2% local appreciation)).
• At projected returns (8.2% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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 $39k; list at $110k implies a 182% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate 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 $104,885 (4.7% below list)

Questions for the listing agent

1. Built in 1956 — 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 0.95% ✗
• Cap rate: 7.04%
• Cash-on-cash: 2.67%
• DSCR: 1.12
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $75,166
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3060 Ungeheuer Rd	0.18mi	2/1.0	1,274 (0%)	4mo	$75,000	$59	86
119 E 2nd St	0.27mi	3/1.0 (+1)	1,296 (+2%)	14mo	$135,000	$104	66
325 E 2nd St	0.30mi	3/2.0 (+1)	1,188 (-7%)	19mo	$59,900	$50	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.17% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 2.65×
• Total profit: $50,910
• Equity at exit: $84,871

10-year hold

• IRR: 20.5%
• Equity multiple: 5.69×
• Total profit: $144,563
• Equity at exit: $169,725

Cash invested: $30,800 (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 66767

• Home prices YoY: 2.8%
• Active inventory: 4
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,049 medium
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $68

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 88%

Sensitivity live

Price	-10% $144	-5% $106	+0% $68	+5% $30	+10% $-8
Rent	-10% $-14	-5% $27	+0% $68	+5% $110	+10% $151
Rate	-1.0pp $124	-0.5pp $96	base $68	+0.5pp $40	+1.0pp $11

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-16
   status $110,000 Pending 25 DOM
2. 2026-06-15
   days on market $110,000 Active 25 DOM
3. 2026-06-13
   days on market $110,000 Active 23 DOM
4. 2026-06-12
   days on market $110,000 Active 22 DOM
5. 2026-06-09
   days on market $110,000 Active 19 DOM
6. 2026-06-08
   days on market $110,000 Active 18 DOM
7. 2026-06-07
   days on market $110,000 Active 17 DOM
8. 2026-06-05
   days on market $110,000 Active 15 DOM
9. 2026-06-04
   days on market $110,000 Active 13 DOM
10. 2026-06-02
    days on market $110,000 Active 12 DOM
11. 2026-06-01
    days on market $110,000 Active 11 DOM
12. 2026-05-31
    days on market $110,000 Active 10 DOM
13. 2026-05-31
    days on market $110,000 Active 9 DOM
14. 2026-05-22
    listed $110,000 Active
15. 2026-05-01
    historical $110,000
16. 2022-07-18
    soldstatus Closed 345-char remark

    Show marketing remark (345 chars)

    Adorable and Cozy, this ranch style home is ready for new owners. 2 Bedroom/ 1.5 Bathroom attached 2 car garage, cute eat in kitchen, large living room, an even bigger family room, and plenty of storage space. Property also offers a huge fenced in back yard with shed and an additional garage/shop. Located on a nice, shaded lot in Prescott, KS.

17. 2022-05-31
    status Pending 345-char remark

    Show marketing remark (345 chars)

    Adorable and Cozy, this ranch style home is ready for new owners. 2 Bedroom/ 1.5 Bathroom attached 2 car garage, cute eat in kitchen, large living room, an even bigger family room, and plenty of storage space. Property also offers a huge fenced in back yard with shed and an additional garage/shop. Located on a nice, shaded lot in Prescott, KS.

18. 2022-04-29
    listed $80,000 Active 345-char remark

    Show marketing remark (345 chars)

    Adorable and Cozy, this ranch style home is ready for new owners. 2 Bedroom/ 1.5 Bathroom attached 2 car garage, cute eat in kitchen, large living room, an even bigger family room, and plenty of storage space. Property also offers a huge fenced in back yard with shed and an additional garage/shop. Located on a nice, shaded lot in Prescott, KS.

19. 2022-03-02
    historical 446-char remark

    Show marketing remark (446 chars)

    Cute 2 bedroom, 1 bath Ranch home in quiet neighborhood in Prescott, KS. Wonderful fenced backyard w/ shop & storage shed. Also covered carport on East side of property as well. this is a super little house, That has been well loved through the years but needs a few small projects finished up. Some materials are on site and just need used. This is a great little house in a nice area. This is selling "In It's Present Condition"

20. 2021-12-03
    price $87,500 446-char remark

    Show marketing remark (446 chars)

    Cute 2 bedroom, 1 bath Ranch home in quiet neighborhood in Prescott, KS. Wonderful fenced backyard w/ shop & storage shed. Also covered carport on East side of property as well. this is a super little house, That has been well loved through the years but needs a few small projects finished up. Some materials are on site and just need used. This is a great little house in a nice area. This is selling "In It's Present Condition"

21. 2021-09-02
    listed $95,000 Active 446-char remark

    Show marketing remark (446 chars)

    Cute 2 bedroom, 1 bath Ranch home in quiet neighborhood in Prescott, KS. Wonderful fenced backyard w/ shop & storage shed. Also covered carport on East side of property as well. this is a super little house, That has been well loved through the years but needs a few small projects finished up. Some materials are on site and just need used. This is a great little house in a nice area. This is selling "In It's Present Condition"

22. 2000-04-01
    soldstatus $39,000

ⓘ 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 FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,586
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,007
• − Management: −$1,007
• − Depreciation: −$3,200
• Taxable loss: −$989
• Est. tax savings @ 24.0%: +$237
• After-tax cash flow: $1,058/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: Jayhawk
• NCES district ID: 2007750
• Math proficiency: 32% ▬ 0.00%
• Reading proficiency: 30% ▼ -3.00%
• Median HH income: $42,226
• Composite: 26.3/100
• National rank: #7244
• State rank: #95 of 169 in KS

Livability — Prescott

• Score: 58/100
• State rank: #497
• US rank: #20792

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prescott, KS
• Population (ZIP): 390

Population outlook (Linn County) Hauer SSP2

• Today (2025): 9,581 people
• By 2030: 9,574 · -0.1%
• By 2040: 9,550 · -0.3%
• By 2050: 9,483 · -1.0%
• By 2075: 9,510 · -0.7%
• By 2100: 8,873 · -7.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Asian 2%
• Common ancestry: Iranian 1%
• Foreign-born: 2%
• Languages at home: 98% English-only · Tagalog/Filipino 2%

Political lean MEDSL · Linn

• 2024 margin: Solid R (+64.6) · D 17.0% · R 81.6% · Other 1.4%
• 2008→2024 swing: -28.6pp toward R · 2008: -36.0pp · 2024: -64.6pp
• All cycles: 2024: R+64.6 2020: R+62.8 2016: R+62.1 2012: R+45.9 2008: R+36.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.17%
• Current HPI: 296.9077
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+182.1% since first listed

9 events — show timeline

• 2026-05-22 Listed $110,000 Heartland MLS as Distributed by MLS Grid
• 2026-05-01 Coming Soon $110,000 Heartland MLS as Distributed by MLS Grid
• 2022-07-18 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2022-05-31 Pending — Heartland MLS as Distributed by MLS Grid
• 2022-04-29 Listed $80,000 Heartland MLS as Distributed by MLS Grid
• 2022-03-02 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2021-12-03 Price Changed $87,500 Heartland MLS as Distributed by MLS Grid
• 2021-09-02 Listed $95,000 Heartland MLS as Distributed by MLS Grid
• 2000-04-01 Sold (Public Records) $39,000 Public Records