300 E Thornton St · Moundridge, KS 67107

$119,900

3 bd · 1.0 ba · 1,252 sqft · SingleFamily public records · 99 Days on market

Built 1930 8,276 sqft lot

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Why this score? — see what drove the C- 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 +15.9/30.0
• ARV discount +7.5/15.0
• Appreciation +7.0/10.0
• DSCR +4.9/10.0
• Livability +3.8/5.0
• 1% rule +3.7/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• Newer flooring
• New front porch
• Big corner lot

Tags

• BIG CORNER LOT
• NEW ROOF
• FRESH EXTERIOR PAINT
• NEW BACK DECK
• NEW FRONT PORCH
• NEWER FLOORING

Property features AI

Finance

• HOA & community: Community amenities include day care and a playground

Exterior

• Parking: 1 total parking space; 1-car garage; Alley access
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Wood siding exterior; Composition roof; Partial basement with crawl space; Basement present
• Exterior features: Deck; Porch; Chain-link fencing; Paved road access

Interior

• Kitchen: No specific appliances listed for kitchen
• Bedrooms: 3 bedrooms on the main level
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Natural gas heating; Central air conditioning; Ceiling fans; Electric cooling components
• Interior features: Electric water heater; No fireplace
• Laundry & utility: Laundry located on the lower level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $56 ($672/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $104k (13.0% below list).
• Recommended offer: $104k (13.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#56 in KS, #3,768 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, amenities F, commute F.
• Moundridge (rural): math 31% / reading 28% proficiency, ranked #99 of 169 in KS (top 59%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Moundridge Elem (math 50% / reading 30%, grade F, #315 of 684 statewide, top 47%, 188 students, 44% FRL); Moundridge Middle (math 32% / reading 32%, grade F, #58 of 219 statewide, top 27%, 177 students, 41% FRL); Moundridge High (math 24% / reading 15%, grade F, #198 of 327 statewide, top 66%, 132 students, 36% FRL) — zoned schools average 41% FRL vs 25% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 13 active listings in the ZIP; 102 units permitted in McPherson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($829 loan paydown + $5k appreciation (4.0% local appreciation)).
• McPherson County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (4.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y ago; this cycle's ask has dropped $40k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $120k implies a 306% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $104,299 (13.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. 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: 0.87% ✗
• Cap rate: 6.85%
• Cash-on-cash: 2.00%
• DSCR: 1.09
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.0%
• Equity multiple: 1.73×
• Total profit: $24,427
• Equity at exit: $60,760

10-year hold

• IRR: 13.5%
• Equity multiple: 3.21×
• Total profit: $74,324
• Equity at exit: $99,354

Cash invested: $33,572 (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 67107

• Home prices YoY: 1.9%
• Active inventory: 13
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,043 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$89 /mo · $1,071/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $56

Break-even live

Break-even rent $972

Max offer price $119,900

Occupancy floor 90%

Sensitivity live

Price	-10% $124	-5% $90	+0% $56	+5% $22	+10% $-12
Rent	-10% $-26	-5% $15	+0% $56	+5% $97	+10% $138
Rate	-1.0pp $116	-0.5pp $87	base $56	+0.5pp $25	+1.0pp $-7

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   days on market $119,900 Active 99 DOM
2. 2026-06-17
   days on market $119,900 Active 98 DOM
3. 2026-06-16
   days on market $119,900 Active 97 DOM
4. 2026-06-15
   days on market $119,900 Active 96 DOM
5. 2026-06-14
   pricedays on market $119,900 Active 94 DOM
6. 2026-06-10
   days on market $129,900 Active 91 DOM
7. 2026-06-09
   days on market $129,900 Active 90 DOM
8. 2026-06-08
   days on market $129,900 Active 89 DOM
9. 2026-06-07
   days on market $129,900 Active 88 DOM
10. 2026-06-03
    days on market $129,900 Active 84 DOM
11. 2026-06-02
    days on market $129,900 Active 83 DOM
12. 2026-06-01
    days on market $129,900 Active 82 DOM
13. 2026-05-31
    days on market $129,900 Active 81 DOM
14. 2026-05-30
    days on market $129,900 Active 80 DOM
15. 2026-05-10
    price $129,900
16. 2026-04-24
    price $139,900
17. 2026-03-30
    price $152,500
18. 2026-03-11
    listed $159,500 Active
19. 2022-03-18
    historical
20. 2020-12-09
    listed $52,500
21. 2020-11-27
    historical
22. 2020-06-02
    listed $59,000
23. 2018-06-04
    listed $58,500
24. 2001-04-01
    soldstatus $29,500
25. 1985-09-01
    soldstatus $22,000
26. 1985-08-01
    soldstatus $16,000

ⓘ 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: $1,071 · $89/mo
• Projected year-2 tax: $1,691 · $141/mo
• Expected delta: +$620/yr (+$52/mo · 57.9%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,516
• − Mortgage interest: −$6,716
• − Property taxes: −$1,071
• − Insurance: −$600
• − Repairs & maintenance: −$1,001
• − Management: −$1,001
• − Depreciation: −$3,488
• Taxable loss: −$1,361
• Est. tax savings @ 24.0%: +$327
• After-tax cash flow: $999/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: Moundridge
• NCES district ID: 2009780
• Math proficiency: 31% ▬ 0.00%
• Reading proficiency: 28% ▼ -5.00%
• Median HH income: $50,855
• Composite: 25.89/100
• National rank: #7340
• State rank: #99 of 169 in KS

Livability — Moundridge

• Score: 76/100
• State rank: #56
• US rank: #3768

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Moundridge, KS
• Population (ZIP): 2,565

Population outlook (McPherson County) Hauer SSP2

• Today (2025): 28,958 people
• By 2030: 28,735 · -0.8%
• By 2040: 28,020 · -3.2%
• By 2050: 27,276 · -5.8%
• By 2075: 26,211 · -9.5%
• By 2100: 23,976 · -17.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Scotch-Irish 3% Romanian 3% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% German/W. Germanic 2%

Political lean MEDSL · McPherson

• 2024 margin: Solid R (+41.1) · D 28.5% · R 69.6% · Other 1.9%
• 2008→2024 swing: -5.8pp toward R · 2008: -35.3pp · 2024: -41.1pp
• All cycles: 2024: R+41.1 2020: R+40.3 2016: R+42.0 2012: R+41.6 2008: R+35.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.00%
• Current HPI: 209.1564
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+711.9% since first listed

12 events — show timeline

• 2026-05-10 Price Changed $129,900 MKMLS as distributed by MLS GRID
• 2026-04-24 Price Changed $139,900 MKMLS as distributed by MLS GRID
• 2026-03-30 Price Changed $152,500 MKMLS as distributed by MLS GRID
• 2026-03-11 Listed $159,500 MKMLS as distributed by MLS GRID
• 2022-03-18 Listing Removed — SCKMLS as Distributed by MLS Grid
• 2020-12-09 Listed $52,500 SCKMLS as Distributed by MLS Grid
• 2020-11-27 Listing Removed — SCKMLS as Distributed by MLS Grid
• 2020-06-02 Listed $59,000 SCKMLS as Distributed by MLS Grid
• 2018-06-04 Listed $58,500 SCKMLS as Distributed by MLS Grid
• 2001-04-01 Sold (Public Records) $29,500 Public Records
• 1985-09-01 Sold (Public Records) $22,000 Public Records
• 1985-08-01 Sold (Public Records) $16,000 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,071 · +3.7% YoY. Source: county tax records.