2918 S West Pkwy · Wichita, KS 67210

$270,000

4 bd · 3.5 ba · 2,344 sqft · SingleFamily public records · 7 Days on market

Built 1996 7,840 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).

• Appreciation +10.0/10.0
• Cash flow +7.6/30.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• DSCR +1.7/10.0

Key facts

• Quartz countertops
• Eating bar peninsula
• 7,840 sq ft lot

Tags

• FUNCTIONAL FLOOR PLAN
• LUXURY VINYL PLANK FLOORING
• EATING BAR PENINSULA
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• GENEROUSLY SIZED PANTRY

What this means for you Summary

Snapshot

• This is a 4-bed/3.5-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-330 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $212k (21.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $188k (30.3% below list).
• Recommended offer: $188k (30.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#100 in KS) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment D+, crime F, commute F.
• Derby (suburban): math 29% / reading 36% proficiency, ranked #66 of 169 in KS (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Wineteer Elem (math 42% / reading 52%, grade D-, #200 of 684 statewide, top 33%, 391 students, 53% FRL); Derby North Middle School (math 29% / reading 29%, grade F, #85 of 219 statewide, top 40%, 828 students, 48% FRL); Derby High School (math 17% / reading 21%, grade F, #230 of 327 statewide, top 71%, 2,172 students, 43% FRL).
• Market conditions: 44 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,613 units permitted in Sedgwick County in 2024 (258 in 5+ unit buildings).

Forward outlook

• In year one you build about $29k of equity ($2k loan paydown + $27k appreciation (10.0% local appreciation)).
• Sedgwick County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 16y 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.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $188,209 (30.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
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: 0.70% ✗
• Cap rate: 4.83%
• Cash-on-cash: -5.23%
• DSCR: 0.77
• GRM: 12.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.6%
• Equity multiple: 2.67×
• Total profit: $126,057
• Equity at exit: $243,237

10-year hold

• IRR: 18.7%
• Equity multiple: 6.13×
• Total profit: $387,719
• Equity at exit: $524,551

Cash invested: $75,600 (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 67210

• Home prices YoY: 30.3%
• Active inventory: 44
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,882 medium
• Mortgage (P&I): −$1,416
• Tax from tax record: −$288 /mo · $3,456/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $-330

Break-even live

Break-even rent $2,299

Max offer price $211,780

Occupancy floor —

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2218 S Beech St Wichita, KS	4.0	3.0	2974	$2,200	$0.74	23d	1	0.94mi
9922 E Kinkaid Cir Wichita, KS	3.0	2.0	1642	$1,575	$0.96	23d	1	1.03mi
10528 E Kinkaid Ave Eastborough, KS	4.0	3.0	2100	$1,795	$0.85	23d	1	1.40mi

Listing history 13 events

1. 2026-04-22
   status Pending
2. 2026-04-15
   listed $270,000 Active
3. 2024-05-07
   soldstatus
4. 2023-09-28
   status Pending
5. 2023-09-28
   status Pending
6. 2023-09-19
   price $270,000
7. 2023-09-09
   price $275,000
8. 2023-08-26
   price $278,000
9. 2023-07-28
   listed $285,000 Active
10. 2021-07-16
    soldstatus
11. 2021-06-14
    listed $202,000
12. 2010-10-04
    listed $159,900
13. 2001-06-19
    soldstatus

ⓘ 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: $3,456 · $288/mo
• Projected year-2 tax: $3,807 · $317/mo
• Expected delta: +$351/yr (+$29/mo · 10.2%)

ⓘ 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 7/10 Severe
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,585
• − Mortgage interest: −$15,124
• − Property taxes: −$3,456
• − Insurance: −$1,350
• − Repairs & maintenance: −$1,807
• − Management: −$1,807
• − Depreciation: −$7,855
• Taxable loss: −$8,813
• Est. tax savings @ 24.0%: +$2,115
• After-tax cash flow: $-1,840/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: Derby
• NCES district ID: 2005460
• Math proficiency: 29% ▼ -3.00%
• Reading proficiency: 36% ▲ 1.00%
• Median HH income: $60,460
• Composite: 29.25/100
• National rank: #6564
• State rank: #66 of 169 in KS

Livability — Wichita

• Score: 72/100
• State rank: #100
• US rank: #5730

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wichita, KS
• City population: 365,168
• Population (ZIP): 9,178

Population outlook (Sedgwick County) Hauer SSP2

• Today (2025): 537,014 people
• By 2030: 546,984 · +1.9%
• By 2040: 559,141 · +4.1%
• By 2050: 562,027 · +4.7%
• By 2075: 557,255 · +3.8%
• By 2100: 513,383 · -4.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.74)
• Race & ethnicity: White 43% Hispanic / Latino 19% Asian 16% Two or more races 16% Black 12%
• Hispanic origin (detail): Mexican 17%
• Common ancestry: Italian 2% Serbian 1% Portuguese 1%
• Foreign-born: 18% · Vietnam, Canada, China
• Languages at home: 76% English-only · Spanish 12% Vietnamese 6% Other Asian/Pacific 3%

Political lean MEDSL · Sedgwick

• 2024 margin: R (+13.8) · D 42.3% · R 56.1% · Other 1.6%
• 2008→2024 swing: -1.1pp toward R · 2008: -12.7pp · 2024: -13.8pp
• All cycles: 2024: R+13.8 2020: R+12.6 2016: R+19.1 2012: R+19.7 2008: R+12.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 77.21%
• Current HPI: 331.68
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+68.9% since first listed

13 events — show timeline

• 2026-04-22 Pending — SCKMLS as Distributed by MLS Grid
• 2026-04-15 Listed $270,000 SCKMLS as Distributed by MLS Grid
• 2024-05-07 Sold (Public Records) — Public Records
• 2023-09-28 Pending — SCKMLS as Distributed by MLS Grid
• 2023-09-28 Pending — SCKMLS as Distributed by MLS Grid
• 2023-09-19 Price Changed $270,000 SCKMLS as Distributed by MLS Grid
• 2023-09-09 Price Changed $275,000 SCKMLS as Distributed by MLS Grid
• 2023-08-26 Price Changed $278,000 SCKMLS as Distributed by MLS Grid
• 2023-07-28 Listed $285,000 SCKMLS as Distributed by MLS Grid
• 2021-07-16 Sold (Public Records) — Public Records
• 2021-06-14 Listed $202,000 SCKMLS as Distributed by MLS Grid
• 2010-10-04 Listed $159,900 SCKMLS as Distributed by MLS Grid
• 2001-06-19 Sold (Public Records) — Public Records

Property tax history

+5.0%/yr

Latest (2025): $3,456 · -1.3% YoY. Source: county tax records.