1918 S Elm St · Pittsburg, KS 66762

$115,000

3 bd · 1.0 ba · 1,276 sqft · SingleFamily public records · 346 Days on market

Built 1930 7,100 sqft lot $90/sqft · 14% below area Est $165k · 30% under

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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 +19.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• Rent growth +5.0/5.0
• 1% rule +4.7/10.0
• Livability +3.3/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom 2 bath plus bonus area / study near PSU campus. Off street parking behind house for up to 7 vehicles. Basement storage. The property has been leased effective May 1, until May 25, 2027. The lease rate is $945/mo with 3 tenants.

Key facts

• 7,100 sq ft lot
• Built 1930
• Listed 346 days

🏷️ Possibly a rental listed for sale. The $115,000 price doesn't fit this home's estimated sale value (~$164,885) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $129 ($2k/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 $111k (3.2% below list).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 5.4% in Pittsburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 66/100 on livability (#270 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.
• Pittsburg (town): math 29% / reading 31% proficiency, ranked #111 of 169 in KS (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+13.8%/yr); 139 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 65 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $32k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 346 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $60k; list at $115k implies a 90% 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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 346 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 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. 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: 0.97% ✗
• Cap rate: 7.64%
• Cash-on-cash: 4.82%
• DSCR: 1.21
• GRM: 8.6

CMA / ARV

• ARV (median comp): $164,885
• List price: $115,000
• Delta: -30.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1901 S Elm St	0.08mi	3/1.0	1,288 (+1%)	13mo	$80,000	$62	84
506 Hobson Pl	0.18mi	3/2.0	1,244 (-2%)	7mo	$139,000	$112	78
207 E Belleville St	0.54mi	2/2.0 (-1)	1,256 (-2%)	3mo	$140,000	$111	61
2206 S Broadway St	0.26mi	3/1.0	1,120 (-12%)	9mo	$120,000	$107	60
2020 S Broadway St	0.17mi	3/1.0	1,092 (-14%)	11mo	$36,000	$33	59
402 Ohio St	0.33mi	3/1.0	1,108 (-13%)	6mo	$120,000	$108	58
2001 S Locust St	0.06mi	2/1.0 (-1)	1,088 (-15%)	13mo	$89,000	$82	57
1801 S Olive St	0.35mi	3/1.0	1,092 (-14%)	13mo	$113,000	$103	49
1300 S Olive St	0.67mi	2/1.0 (-1)	1,152 (-10%)	6mo	$100,000	$87	43
1701 S Olive St	0.43mi	4/2.0 (+1)	1,456 (+14%)	6mo	$136,000	$93	42
203 W Quincy St	0.62mi	2/1.0 (-1)	1,154 (-10%)	13mo	$60,000	$52	39
103 E Madison St	0.74mi	4/2.0 (+1)	1,424 (+12%)	2mo	$99,900	$70	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.86×
• Total profit: $-4,524
• Equity at exit: $17,147

10-year hold

• IRR: 10.9%
• Equity multiple: 2.04×
• Total profit: $33,398
• Equity at exit: $9,943

Cash invested: $32,200 (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 66762

• Rents YoY: 13.8%
• Active inventory: 139
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,113 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$99 /mo · $1,187/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $129

Break-even live

Break-even rent $949

Max offer price $115,000

Occupancy floor 83%

Sensitivity live

Price	-10% $194	-5% $162	+0% $129	+5% $97	+10% $64
Rent	-10% $41	-5% $85	+0% $129	+5% $173	+10% $217
Rate	-1.0pp $187	-0.5pp $159	base $129	+0.5pp $100	+1.0pp $69

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1108 S Joplin St Pittsburg, KS	2.0	1.5	850	$775	$0.91	44d	2	0.68mi
719 E Madison St Apt A Pittsburg, KS	3.0	3.0	1300	$1,200	$0.92	44d	1	0.94mi

Listing history 5 events

1. 2026-05-31
   days on market $115,000 Active 346 DOM
2. 2026-05-30
   days on market $115,000 Active 345 DOM
3. 2025-06-19
   listed $115,000 Active 238-char remark

   Show marketing remark (238 chars)

   3 bedroom 2 bath plus bonus area / study near PSU campus. Off street parking behind house for up to 7 vehicles. Basement storage. The property has been leased effective May 1, until May 25, 2027. The lease rate is $945/mo with 3 tenants.

4. 2006-04-01
   soldstatus $60,500
5. 2003-09-01
   soldstatus $35,000

ⓘ 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: $1,187 · $99/mo
• Projected year-2 tax: $1,622 · $135/mo
• Expected delta: +$434/yr (+$36/mo · 36.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,356
• − Mortgage interest: −$6,442
• − Property taxes: −$1,187
• − Insurance: −$575
• − Repairs & maintenance: −$1,068
• − Management: −$1,068
• − Depreciation: −$3,345
• Taxable loss: −$330
• Est. tax savings @ 24.0%: +$79
• After-tax cash flow: $1,632/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: Pittsburg
• NCES district ID: 2010710
• Math proficiency: 29% ▼ -5.00%
• Reading proficiency: 31% ▼ -4.00%
• Median HH income: $33,608
• Composite: 24.63/100
• National rank: #7629
• State rank: #111 of 169 in KS

Livability — Pittsburg

• Score: 66/100
• State rank: #270
• US rank: #12149

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pittsburg, KS
• County: Crawford County · 24,907 people
• City population: 24,907
• Metro: Pittsburg, KS
• Population (ZIP): 24,907
• Household income: $50,511
• Rent vs Own: 46.7% rent · 53.3% own
• Severe rent burden: 1186.0

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 39,393 people
• By 2030: 39,540 · +0.4%
• By 2040: 39,452 · +0.1%
• By 2050: 39,188 · -0.5%
• By 2075: 39,038 · -0.9%
• By 2100: 38,219 · -3.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 10% Two or more races 5% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Spanish 6% Other Asian/Pacific 1%

Political lean MEDSL · Crawford

• 2024 margin: Strong R (+25.3) · D 36.5% · R 61.7% · Other 1.8%
• 2008→2024 swing: -26.7pp toward R · 2008: 1.4pp · 2024: -25.3pp
• All cycles: 2024: R+25.3 2020: R+23.1 2016: R+23.1 2012: R+6.5 2008: D+1.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -171.14%
• Current HPI: 158.7878
• Rent YoY: ▲ 13.80%
• Metro: Pittsburg, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+228.6% since first listed

3 events — show timeline

• 2025-06-19 Listed $115,000 Heartland MLS as Distributed by MLS Grid
• 2006-04-01 Sold (Public Records) $60,500 Public Records
• 2003-09-01 Sold (Public Records) $35,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $1,187 · +5.9% YoY. Source: county tax records.