305 E 17th St · Ellis, KS 67637

$1

3 bd · 2.0 ba · 2,552 sqft · SingleFamily public records · 15 Days on market

Built 1976 0.37 ac 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
• Livability +3.8/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 0.37 acre lot
• 2 garage spots
• Built 1976

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Residential property; Zoned NC.2 / R-2
• Exterior features: Covered porch; Deck; Composition roof

Interior

• Kitchen: Dishwasher; Range; Oven; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Heating & cooling: Central heating (natural gas); Central air conditioning
• Interior features: Window coverings; Partial basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $849 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).

Location & tenants

• Location reads 76/100 on livability (#46 in KS, #3,343 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Ellis (rural): math 37% / reading 41% proficiency, ranked #77 of 280 in KS (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 21 active listings in the ZIP; 34 units permitted in Ellis County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $0 of loan paydown is wiped out by about $0 of value loss. Plan a longer hold.
• Ellis County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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: 114493.00% ✓
• Cap rate: 1085391.64%
• Cash-on-cash: 3876376.24%
• DSCR: 172477.93
• GRM: 0.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 193290.56×
• Total profit: $54,121
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 417715.54×
• Total profit: $116,960
• Equity at exit: $0

Cash invested: $0 (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 67637

• Home prices YoY: -12.3%
• Active inventory: 21

Monthly cashflow live

• Estimated rent: $1,145 medium
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $849

Break-even live

Break-even rent $70

Max offer price $1

Occupancy floor 21%

Sensitivity live

Price	-10% $849	-5% $849	+0% $849	+5% $849	+10% $849
Rent	-10% $758	-5% $804	+0% $849	+5% $894	+10% $939
Rate	-1.0pp $849	-0.5pp $849	base $849	+0.5pp $849	+1.0pp $849

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-19
   days on market $1 Active 15 DOM
2. 2026-06-18
   days on market $1 Active 14 DOM
3. 2026-06-17
   days on market $1 Active 13 DOM
4. 2026-06-16
   days on market $1 Active 12 DOM
5. 2026-06-15
   days on market $1 Active 11 DOM
6. 2026-06-14
   days on market $1 Active 9 DOM
7. 2026-06-12
   days on market $1 Active 8 DOM
8. 2026-06-09
   days on market $1 Active 5 DOM
9. 2026-06-08
   days on market $1 Active 4 DOM
10. 2026-06-07
    days on market $1 Active 3 DOM
11. 2026-06-05
    listed $1 Active 1 DOM

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,739
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$667
• − Repairs & maintenance: −$1,099
• − Management: −$1,099
• − Depreciation: −$0
• Taxable income: $10,874
• Est. tax owed @ 24.0%: −$2,610
• After-tax cash flow: $7,578/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: Ellis
• NCES district ID: 2005850
• Math proficiency: 37% ▲ 2.00%
• Reading proficiency: 41% ▲ 11.00%
• Median HH income: $48,783
• Composite: 36.01/100
• National rank: #9529
• State rank: #77 of 280 in KS

Livability — Ellis

• Score: 76/100
• State rank: #46
• US rank: #3343

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ellis, KS
• Population (ZIP): 2,809

Population outlook (Ellis County) Hauer SSP2

• Today (2025): 30,414 people
• By 2030: 31,166 · +2.5%
• By 2040: 32,361 · +6.4%
• By 2050: 33,598 · +10.5%
• By 2075: 36,890 · +21.3%
• By 2100: 39,282 · +29.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 3% Cuban 3%
• Common ancestry: Iranian 4% Romanian 3% Scotch-Irish 2%
• Foreign-born: 1% · Canada, China
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Ellis

• 2024 margin: Solid R (+46.1) · D 26.0% · R 72.1% · Other 1.9%
• 2008→2024 swing: -12.4pp toward R · 2008: -33.7pp · 2024: -46.1pp
• All cycles: 2024: R+46.1 2020: R+44.0 2016: R+48.4 2012: R+43.8 2008: R+33.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -21.10%
• Current HPI: 149.8314
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+30.2% since first listed

4 events — show timeline

• 2026-05-29 Listed $1 Hays MLS
• 2005-07-01 Sold (Public Records) $112,000 Public Records
• 2000-02-01 Sold (Public Records) $78,000 Public Records
• 1997-01-01 Sold (Public Records) $86,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $3,949 · +3.6% YoY. Source: county tax records.