236 W 10th St · Junction City, KS 66441

$110,000

3 bd · 2.0 ba · 968 sqft · SingleFamily public records · 273 Days on market

Built 1910 6,509 sqft lot

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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 +28.6/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Rent growth +4.0/5.0
• Livability +3.3/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this delightful 2-bedroom, 1-bath home that’s perfect for both investors and future homeowners. Tucked into a convenient Junction City neighborhood, this property combines comfort, charm, and income security. Inside, you’ll find a functional layout with cozy living spaces, while outside, a nice yard offers room to relax or entertain. What makes this home extra special is the tenant already in place, paying $1,075/month on a lease through July 31, 2026. That means built-in peace of mind for investors seeking reliable cash flow. For those dreaming of homeownership down the road, you’ll have the flexibility to plan your move with confidence.

Key facts

• Reliable cash flow
• Nice yard
• 6,509 sq ft lot

Tags

• JUNCTION CITY NEIGHBORHOOD
• NICE YARD
• TENANT ALREADY IN PLACE
• RELIABLE CASH FLOW

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#266 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, crime F, amenities F.
• Geary County Schools (town): math 32% / reading 39% proficiency, ranked #60 of 169 in KS (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.0%/yr); 260 active listings in the ZIP; 93 units permitted in Geary County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Geary County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 273 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $18k; list at $110k implies a 522% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 273 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 1910 — 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. 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: 1.24% ✓
• Cap rate: 10.24%
• Cash-on-cash: 14.10%
• DSCR: 1.63
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.05% rent growth · sell at horizon

5-year hold

• IRR: 7.7%
• Equity multiple: 1.31×
• Total profit: $9,543
• Equity at exit: $16,401

10-year hold

• IRR: 19.4%
• Equity multiple: 2.85×
• Total profit: $56,881
• Equity at exit: $9,511

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 66441

• Rents YoY: 6.0%
• Active inventory: 260
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,369 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$97 /mo · $1,167/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $362

Break-even live

Break-even rent $911

Max offer price $110,000

Occupancy floor 69%

Sensitivity live

Price	-10% $424	-5% $393	+0% $362	+5% $331	+10% $300
Rent	-10% $254	-5% $308	+0% $362	+5% $416	+10% $470
Rate	-1.0pp $417	-0.5pp $390	base $362	+0.5pp $333	+1.0pp $304

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 19 events

1. 2026-06-19
   days on market $110,000 Active 273 DOM
2. 2026-06-18
   days on market $110,000 Active 272 DOM
3. 2026-06-17
   days on market $110,000 Active 271 DOM
4. 2026-06-16
   days on market $110,000 Active 270 DOM
5. 2026-06-15
   days on market $110,000 Active 269 DOM
6. 2026-06-14
   days on market $110,000 Active 267 DOM
7. 2026-06-13
   days on market $110,000 Active 266 DOM
8. 2026-06-10
   days on market $110,000 Active 264 DOM
9. 2026-06-09
   days on market $110,000 Active 263 DOM
10. 2026-06-08
    days on market $110,000 Active 262 DOM
11. 2026-06-07
    days on market $110,000 Active 261 DOM
12. 2026-06-02
    days on market $110,000 Active 256 DOM
13. 2026-06-01
    days on market $110,000 Active 255 DOM
14. 2026-05-31
    days on market $110,000 Active 254 DOM
15. 2026-05-30
    days on market $110,000 Active 253 DOM
16. 2025-09-18
    listed $110,000 Active 675-char remark

    Show marketing remark (675 chars)

    Welcome to this delightful 2-bedroom, 1-bath home that’s perfect for both investors and future homeowners. Tucked into a convenient Junction City neighborhood, this property combines comfort, charm, and income security. Inside, you’ll find a functional layout with cozy living spaces, while outside, a nice yard offers room to relax or entertain. What makes this home extra special is the tenant already in place, paying $1,075/month on a lease through July 31, 2026. That means built-in peace of mind for investors seeking reliable cash flow. For those dreaming of homeownership down the road, you’ll have the flexibility to plan your move with confidence.

17. 2021-01-15
    soldstatus 490-char remark

    Show marketing remark (490 chars)

    Absolutely darling home in a great location! 3 bedroom, 1.5 baths, two covered porches, and good sized yard. Updated kitchen. Will have a brand new roof for new owner prior to closing! (see attached) Crawl space. Central heat and air conditioning. Beautifully maintained! New sewer line just completed by Sunset Plumbing. A MUST SEE IN THE PRICE RANGE! Currently occupied by a tenant, month to month, $700 rent. Call Trish with Mathis Lueker Realtors to arrange for a viewing, 785-761-7653.

18. 2020-11-06
    listed $52,550 490-char remark

    Show marketing remark (490 chars)

    Absolutely darling home in a great location! 3 bedroom, 1.5 baths, two covered porches, and good sized yard. Updated kitchen. Will have a brand new roof for new owner prior to closing! (see attached) Crawl space. Central heat and air conditioning. Beautifully maintained! New sewer line just completed by Sunset Plumbing. A MUST SEE IN THE PRICE RANGE! Currently occupied by a tenant, month to month, $700 rent. Call Trish with Mathis Lueker Realtors to arrange for a viewing, 785-761-7653.

19. 1991-10-01
    soldstatus $17,675

ⓘ 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: $1,167 · $97/mo
• Projected year-2 tax: $1,551 · $129/mo
• Expected delta: +$384/yr (+$32/mo · 32.9%)

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,431
• − Mortgage interest: −$6,162
• − Property taxes: −$1,167
• − Insurance: −$550
• − Repairs & maintenance: −$1,315
• − Management: −$1,315
• − Depreciation: −$3,200
• Taxable income: $2,723
• Est. tax owed @ 24.0%: −$654
• After-tax cash flow: $3,688/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: Geary County Schools
• NCES district ID: 2007890
• Math proficiency: 32% ▲ 1.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $44,319
• Composite: 30.2/100
• National rank: #6306
• State rank: #60 of 169 in KS

Livability — Junction City

• Score: 66/100
• State rank: #266
• US rank: #11965

Category grades

Amenities F 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: Junction City, KS
• County: Geary County · 25,828 people
• City population: 25,828
• Metro: Manhattan, KS
• Population (ZIP): 25,828
• Household income: $59,522
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 950.0

Population outlook (Geary County) Hauer SSP2

• Today (2025): 37,364 people
• By 2030: 38,234 · +2.3%
• By 2040: 39,727 · +6.3%
• By 2050: 40,314 · +7.9%
• By 2075: 44,283 · +18.5%
• By 2100: 46,935 · +25.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 53% Black 19% Two or more races 15% Hispanic / Latino 15% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 4%
• Common ancestry: Lithuanian 3% Italian 2% Portuguese 2%
• Foreign-born: 8% · Canada, South Korea, Vietnam
• Languages at home: 85% English-only · Spanish 9% German/W. Germanic 1% Korean 1%

Political lean MEDSL · Geary

• 2024 margin: R (+17.6) · D 40.1% · R 57.7% · Other 2.2%
• 2008→2024 swing: -5.2pp toward R · 2008: -12.4pp · 2024: -17.6pp
• All cycles: 2024: R+17.6 2020: R+14.7 2016: R+21.7 2012: R+14.4 2008: R+12.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -152.25%
• Current HPI: 137.9936
• Rent YoY: ▲ 6.05%
• Metro: Manhattan, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+522.3% since first listed

4 events — show timeline

• 2025-09-18 Listed $110,000 FHAOR as distributed by MLS GRID
• 2021-01-15 Sold (MLS) — FHAOR as distributed by MLS GRID
• 2020-11-06 Listed $52,550 FHAOR as distributed by MLS GRID
• 1991-10-01 Sold (Public Records) $17,675 Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,167 · +9.2% YoY. Source: county tax records.