421 Lynn St · Columbus, KS 66725

$69,000

2 bd · 1.0 ba · 1,084 sqft · SingleFamily public records · 49 Days on market

Built 1920 0.27 ac lot $64/sqft · 6% below area Est $73k · 6% under

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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 +29.5/30.0
• ARV discount +10.2/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2-bedroom bungalow is situated on a corner lot and includes a detached garage, drive-under garage area, backyard, storage shed, and patio. The property is equipped with solar panels, which the seller will pay in full prior to closing and will remain with the property. Buyers are encouraged to verify utility savings, system specifications, warranties, and transfer requirements to their satisfaction. Contact your agent today for additional information or to schedule a showing.

Key facts

• Fenced patio
• Backyard
• Corner lot

Tags

• CORNER LOT
• DETACHED GARAGE
• BACKYARD
• FENCED PATIO

Property features AI

Finance

• HOA & community: No association fees

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Bungalow; Approximately 1,084 above-grade living area
• Construction: Vinyl siding; Composition roof; Approximately 101+ years old
• Exterior features: Lot approximately 11,760 square feet; Not in a flood plain

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Other heating; Window unit(s) for cooling
• Interior features: Crawl space basement; Bungalow-style floor plan

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $246 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($900 rent vs $69k).
• Recommended offer: $67k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 5.4% in Columbus — 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 73/100 on livability (#96 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B; Watch: schools D-, amenities F, commute F.
• Columbus (town): math 22% / reading 35% proficiency, ranked #120 of 169 in KS (top 71%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 40 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 17 units permitted in Cherokee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Cherokee County population projected at -26% 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 $19k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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 $14k; list at $69k implies a 376% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,930 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 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 1920 — 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. 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?
5. 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.
6. 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.
7. 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: 1.30% ✓
• Cap rate: 10.57%
• Cash-on-cash: 15.27%
• DSCR: 1.68
• GRM: 6.4

CMA / ARV

• ARV (median comp): $73,367
• List price: $69,000
• Delta: -5.95%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
401 S Lynn Ave	0.04mi	3/1.0 (+1)	1,068 (-2%)	1mo	$45,000	$42	90
501 S Kansas St	0.34mi	2/1.0	1,068 (-2%)	10mo	$80,000	$75	73
321 W Maple St	0.36mi	1/1.0 (-1)	1,104 (+2%)	8mo	$49,999	$45	68
525 S Delaware St	0.49mi	2/1.0	1,066 (-2%)	20mo	$90,000	$84	58
908 W Pine St	0.38mi	3/1.0 (+1)	1,035 (-4%)	15mo	$70,000	$68	57
214 W Mulberry St	0.25mi	2/1.0	1,223 (+13%)	18mo	$60,000	$49	52
533 S Indiana Ave	0.42mi	3/1.0 (+1)	1,149 (+6%)	18mo	$30,000	$26	50
506 S Delaware Ave	0.51mi	3/1.5 (+1)	1,148 (+6%)	12mo	$95,000	$83	49
203 S Lash Ave	0.58mi	3/2.0 (+1)	1,123 (+4%)	17mo	$69,999	$62	44

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: 6.0%
• Equity multiple: 1.23×
• Total profit: $4,484
• Equity at exit: $10,288

10-year hold

• IRR: 15.4%
• Equity multiple: 2.25×
• Total profit: $24,094
• Equity at exit: $5,966

Cash invested: $19,320 (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 66725

• Home prices YoY: -11.7%
• Active inventory: 40
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $900 medium
• Mortgage (P&I): −$362
• Tax from tax record: −$75 /mo · $895/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$189
• Net cashflow: $246

Break-even live

Break-even rent $589

Max offer price $69,000

Occupancy floor 68%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
401 Northeast Ave Columbus, KS	1.0	1.0	900	$900	$1.00	21d	1	1.03mi

Listing history 26 events

1. 2026-06-19
   days on market $69,000 Active 49 DOM
2. 2026-06-18
   days on market $69,000 Active 48 DOM
3. 2026-06-17
   days on market $69,000 Active 47 DOM
4. 2026-06-16
   days on market $69,000 Active 46 DOM
5. 2026-06-15
   days on market $69,000 Active 45 DOM
6. 2026-06-14
   days on market $69,000 Active 43 DOM
7. 2026-06-13
   days on market $69,000 Active 42 DOM
8. 2026-06-10
   days on market $69,000 Active 40 DOM
9. 2026-06-09
   days on market $69,000 Active 39 DOM
10. 2026-06-08
    days on market $69,000 Active 38 DOM
11. 2026-06-07
    days on market $69,000 Active 37 DOM
12. 2026-06-05
    days on market $69,000 Active 34 DOM
13. 2026-06-03
    days on market $69,000 Active 33 DOM
14. 2026-06-02
    days on market $69,000 Active 32 DOM
15. 2026-06-01
    days on market $69,000 Active 31 DOM
16. 2026-05-31
    days on market $69,000 Active 30 DOM
17. 2026-05-30
    days on market $69,000 Active 29 DOM
18. 2026-05-01
    listed $69,000 Active 207-char remark
19. 2026-04-29
    listed $69,000 Active 198-char remark

    Show marketing remark (484 chars)

    This 2-bedroom bungalow is situated on a corner lot and includes a detached garage, drive-under garage area, backyard, storage shed, and patio. The property is equipped with solar panels, which the seller will pay in full prior to closing and will remain with the property. Buyers are encouraged to verify utility savings, system specifications, warranties, and transfer requirements to their satisfaction. Contact your agent today for additional information or to schedule a showing.

20. 2019-09-03
    soldstatus

    Show marketing remark (318 chars)

    Two houses that will sell on one deed. Here is 419 and 421 S Lynn they are both 2 bedroom bungalows. 421 (white) sets on the corner and a has a detached garage and a shed in the back yard, with a nice yard and a patio. It was mostly remodeled in 2017. 419 (yellow) has been a rental for a long time and needs some TLC.

21. 2019-07-10
    listed $55,000

    Show marketing remark (318 chars)

    Two houses that will sell on one deed. Here is 419 and 421 S Lynn they are both 2 bedroom bungalows. 421 (white) sets on the corner and a has a detached garage and a shed in the back yard, with a nice yard and a patio. It was mostly remodeled in 2017. 419 (yellow) has been a rental for a long time and needs some TLC.

22. 2016-11-15
    soldstatus
23. 2016-04-06
    listed $22,500
24. 1992-01-01
    soldstatus $14,500
25. 1986-12-01
    soldstatus $12,000
26. 1986-07-01
    soldstatus $13,500

ⓘ 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: $895 · $75/mo
• Projected year-2 tax: $973 · $81/mo
• Expected delta: +$78/yr (+$7/mo · 8.8%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,800
• − Mortgage interest: −$3,865
• − Property taxes: −$895
• − Insurance: −$345
• − Repairs & maintenance: −$864
• − Management: −$864
• − Depreciation: −$2,007
• Taxable income: $1,960
• Est. tax owed @ 24.0%: −$470
• After-tax cash flow: $2,480/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: Columbus
• NCES district ID: 2005070
• Math proficiency: 22% ▼ -1.00%
• Reading proficiency: 35% ▼ -3.00%
• Median HH income: $41,308
• Composite: 24.08/100
• National rank: #7756
• State rank: #120 of 169 in KS

Livability — Columbus

• Score: 73/100
• State rank: #96
• US rank: #5460

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, KS
• Population (ZIP): 5,102

Population outlook (Cherokee County) Hauer SSP2

• Today (2025): 18,848 people
• By 2030: 17,862 · -5.2%
• By 2040: 15,850 · -15.9%
• By 2050: 13,915 · -26.2%
• By 2075: 10,102 · -46.4%
• By 2100: 6,977 · -63.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 8% Black 2% Hispanic / Latino 2% Native American 1%
• Common ancestry: Italian 4% Lithuanian 2% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Cherokee

• 2024 margin: Solid R (+52.9) · D 22.6% · R 75.5% · Other 1.9%
• 2008→2024 swing: -29.2pp toward R · 2008: -23.7pp · 2024: -52.9pp
• All cycles: 2024: R+52.9 2020: R+49.9 2016: R+48.4 2012: R+29.5 2008: R+23.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -28.61%
• Current HPI: 216.89
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+411.1% since first listed

9 events — show timeline

• 2026-05-01 Listed $69,000 Heartland MLS as Distributed by MLS Grid
• 2026-04-29 Listed $69,000 OGAR
• 2019-09-03 Sold (MLS) — OGAR
• 2019-07-10 Listed $55,000 OGAR
• 2016-11-15 Sold (MLS) — OGAR
• 2016-04-06 Listed $22,500 OGAR
• 1992-01-01 Sold (Public Records) $14,500 Public Records
• 1986-12-01 Sold (Public Records) $12,000 Public Records
• 1986-07-01 Sold (Public Records) $13,500 Public Records

Property tax history

+4.4%/yr

Latest (2025): $895 · -1.8% YoY. Source: county tax records.