301 S 3rd St · Englewood, KS 67840

$44,900

3 bd · 2.0 ba · 1,660 sqft · SingleFamily public records · 101 Days on market

Built 1920 0.57 ac 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Key facts

• Huge corner lot
• Carport
• Additional lot

Tags

• HUGE CORNER LOT
• ADDITIONAL LOT
• CARPORT
• MASSIVE SHOP

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level
• Construction: Brick veneer exterior; Composition roof; Concrete perimeter foundation; Built area above grade: 1,660; Finished area below grade: 350
• Exterior features: Covered patio; Patio; Chain link fencing

Interior

• Kitchen: Electric range; Refrigerator
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central electric air conditioning
• Interior features: Double-pane windows; Partial, partially finished basement
• Laundry & utility: Main level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $562 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $41k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#468 in KS) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment C-, health & safety C-, schools D+.
• Ashland (rural): math 10% / reading 25% proficiency, ranked #274 of 280 in KS (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 1 active listings in the ZIP.

Forward outlook

• In year one you build about $2k of equity ($310 loan paydown + $1k appreciation (3.0% local appreciation)).
• Clark County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($41k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $26k; list at $45k implies a 76% 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: severe wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $40,859 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% 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. 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: 2.46% ✓
• Cap rate: 21.31%
• Cash-on-cash: 53.65%
• DSCR: 3.39
• GRM: 3.4

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: 58.7%
• Equity multiple: 4.28×
• Total profit: $41,224
• Equity at exit: $20,189

10-year hold

• IRR: 58.3%
• Equity multiple: 8.68×
• Total profit: $96,612
• Equity at exit: $31,114

Cash invested: $12,572 (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 67840

• Active inventory: 1
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,104 medium
• Mortgage (P&I): −$235
• Tax est. 1.5%: −$56 /mo · $674/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $562

Break-even live

Break-even rent $393

Max offer price $44,900

Occupancy floor 44%

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $44,900 Active 101 DOM
2. 2026-06-17
   days on market $44,900 Active 100 DOM
3. 2026-06-17
   price $44,900 Active 99 DOM
4. 2026-06-16
   days on market $49,900 Active 99 DOM
5. 2026-06-15
   days on market $49,900 Active 98 DOM
6. 2026-06-13
   days on market $49,900 Active 96 DOM
7. 2026-06-12
   days on market $49,900 Active 95 DOM
8. 2026-06-09
   days on market $49,900 Active 92 DOM
9. 2026-06-08
   days on market $49,900 Active 91 DOM
10. 2026-06-07
    days on market $49,900 Active 90 DOM
11. 2026-06-05
    days on market $49,900 Active 88 DOM
12. 2026-06-04
    days on market $49,900 Active 86 DOM
13. 2026-06-02
    days on market $49,900 Active 85 DOM
14. 2026-06-01
    days on market $49,900 Active 84 DOM
15. 2026-05-31
    days on market $49,900 Active 83 DOM
16. 2026-05-31
    days on market $49,900 Active 82 DOM
17. 2026-05-11
    price $49,900
18. 2026-03-18
    price $54,900
19. 2026-03-09
    price $59,900
20. 2025-11-05
    listed $64,900 Active
21. 2007-12-01
    soldstatus $25,500
22. 2007-12-01
    soldstatus $25,500

ⓘ 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 0% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 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: $13,251
• − Mortgage interest: −$2,515
• − Property taxes: −$674
• − Insurance: −$224
• − Repairs & maintenance: −$1,060
• − Management: −$1,060
• − Depreciation: −$1,306
• Taxable income: $6,412
• Est. tax owed @ 24.0%: −$1,539
• After-tax cash flow: $5,206/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: Ashland
• NCES district ID: 2003510
• Math proficiency: 10% ▼ -15.00%
• Reading proficiency: 25% ▼ -10.00%
• Median HH income: $41,143
• Composite: 18.31/100
• National rank: #14058
• State rank: #274 of 280 in KS

Livability — Englewood

• Score: 59/100
• State rank: #468
• US rank: #19894

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Englewood, KS
• Population (ZIP): 89

Population outlook (Clark County) Hauer SSP2

• Today (2025): 2,122 people
• By 2030: 2,164 · +2.0%
• By 2040: 2,352 · +10.8%
• By 2050: 2,603 · +22.7%
• By 2075: 3,356 · +58.2%
• By 2100: 4,087 · +92.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Asian 8% Two or more races 2%
• Common ancestry: Iranian 12% Portuguese 6% Slovak 1%
• Foreign-born: 9%
• Languages at home: 91% English-only · Tagalog/Filipino 8% Spanish 1%

Political lean MEDSL · Clark

• 2024 margin: Solid R (+72.8) · D 12.7% · R 85.5% · Other 1.8%
• 2008→2024 swing: -16.5pp toward R · 2008: -56.2pp · 2024: -72.8pp
• All cycles: 2024: R+72.8 2020: R+70.8 2016: R+70.7 2012: R+62.0 2008: R+56.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+95.7% since first listed

6 events — show timeline

• 2026-05-11 Price Changed $49,900 GardenMLS
• 2026-03-18 Price Changed $54,900 GardenMLS
• 2026-03-09 Price Changed $59,900 GardenMLS
• 2025-11-05 Listed $64,900 GardenMLS
• 2007-12-01 Sold (Public Records) $25,500 Public Records
• 2007-12-01 Sold (Public Records) $25,500 Public Records