The Wynn Plan · Spring Hill, KS 66083

$332,606

3 bd · 2.0 ba · 1,348 sqft · SingleFamily · 138 Days on market

Good condition 2-car garage

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +4.5/30.0
• Condition / age +4.0/5.0
• Schools +3.9/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• 1% rule +0.5/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

The Wynn offers the perfect balance of comfort, value, and flexibility-all in a stylish, slab-built ranch layout. With 3 bedrooms, 2 bathrooms, and 1,348 square feet, the Wynn proves that great living doesn't need to be oversized to feel spacious. Its open-concept living area blends a generous living room, island kitchen, and dining nook-creating the heart of the home. Just off the kitchen, a covered patio adds a breezy outdoor escape for relaxing or entertaining. The split-bedroom layout provides privacy for the primary suite, which features a walk-in closet and private bath. Two additional bedrooms and a second full bath complete the layout, ideal for guests, family, or a home office.

Key facts

• Split-bedroom layout
• Island kitchen
• Walk-in closet

Tags

• OPEN-CONCEPT LIVING AREA
• ISLAND KITCHEN
• COVERED PATIO
• SPLIT-BEDROOM LAYOUT
• WALK-IN CLOSET
• PRIVATE BATH

🏗️ New construction. The $332,606 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $485,844.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $333k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-1k ($-15k/yr) — negative.
• To cash-flow at today's rent, offer at most $306k (8.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $268k (19.6% below list).
• Recommended offer: $268k (19.6% below list) — sets the bar for 1% rule.
• Cap rate 3.2% vs local median 4.2% in Spring Hill — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 73/100 on livability (#93 in KS) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: health & safety C-, amenities F, commute F.
• Spring Hill (rural): math 40% / reading 47% proficiency, ranked #11 of 169 in KS (top 6%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: Wolf Creek Elementary School (math 52% / reading 52%, grade C-, #131 of 684 statewide, top 23%, 303 students, 11% FRL); Spring Hill Middle School (math 24% / reading 33%, grade F, #89 of 219 statewide, top 40%, 471 students, 24% FRL); Spring Hill High School (math 27% / reading 47%, grade F, #26 of 327 statewide, top 8%, 983 students, 18% FRL) — zoned schools at 17% FRL track the district average.
• Market conditions: 549 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 2,969 units permitted in Johnson County in 2024 (1,066 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.
• Johnson County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($293k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $267,544 (19.6% 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. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
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. 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: 0.55% ✗
• Cap rate: 3.22%
• Cash-on-cash: -10.97%
• DSCR: 0.51
• GRM: 15.1

CMA / ARV

• ARV (median comp): $485,844
• List price: $332,606
• Delta: -31.54%
• 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
20524 Newcastle St	0.46mi	3/2.0	1,366 (+1%)	0mo	$366,900	$269	76
20530 Newcastle St	0.46mi	3/2.0	1,320 (-2%)	0mo	$336,611	$255	75
19002 Millview St	0.33mi	3/2.0	1,496 (+11%)	2mo	$415,000	$277	65
19475 Lincoln St	0.71mi	3/2.0	1,328 (-2%)	4mo	$340,690	$257	61
20209 W 194th Ter	0.73mi	3/2.0	1,328 (-2%)	4mo	$341,040	$257	60
20337 W 193rd Ter	0.63mi	3/2.0	1,233 (-8%)	4mo	$318,000	$258	53
20257 W 194th Ter	0.64mi	3/2.0	1,234 (-8%)	4mo	$321,990	$261	53
20216 W 194th Ter	0.73mi	3/2.0	1,234 (-8%)	1mo	$309,890	$251	51
19443 Lincoln St	0.70mi	3/2.0	1,216 (-10%)	3mo	$324,820	$267	49
19467 Lincoln St	0.71mi	3/2.0	1,216 (-10%)	4mo	$325,390	$268	47
19435 Lincoln St	0.70mi	4/2.0 (+1)	1,496 (+11%)	2mo	$339,990	$227	42
19459 Lincoln St	0.71mi	4/2.0 (+1)	1,496 (+11%)	3mo	$347,445	$232	41

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -36.2%
• Equity multiple: -0.16×
• Total profit: $-157,915
• Equity at exit: $72,441

10-year hold

• IRR: -50.2%
• Equity multiple: -0.76×
• Total profit: $-239,365
• Equity at exit: $42,007

Cash invested: $136,036 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 25 active · 26 under contract
• Months of supply: 5.2 mo (19%/mo absorbed)
• Median asking: $380,000 ($263/sqft)
• Median days on market: 156 d
• This list price: 8% of active listings are priced below it
• ARV vs active asking: +37.2% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 66083

• Home prices YoY: -32.9%
• Active inventory: 549
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,675 medium
• Mortgage (P&I): −$2,548
• Tax est. 1.5%: −$607 /mo · $7,288/yr
• Insurance: −$202
• HOA: −$0
• Vacancy / Maint / Mgmt: −$562
• Net cashflow: $-1,244

Break-even live

Break-even rent $4,250

Max offer price $305,841

Occupancy floor —

Sensitivity live

Price	-10% $-908	-5% $-1,076	+0% $-1,244	+5% $-1,412	+10% $-1,580
Rent	-10% $-1,455	-5% $-1,350	+0% $-1,244	+5% $-1,138	+10% $-1,033
Rate	-1.0pp $-999	-0.5pp $-1,120	base $-1,244	+0.5pp $-1,370	+1.0pp $-1,498

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: $121,461
• Closing costs: $14,575
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19427 Lincoln St Spring Hill, KS	3.0	2.0	1260	$2,265	$1.80	5d	1	0.68mi
20368 W 194th Ter Spring Hill, KS	3.0	2.0	1050	$2,295	$2.19	119d	1	0.88mi

Property features AI

Finance

• Financial info: List price: $332,606

Exterior

• Parking: 2 total parking spaces2-car garage
• Home design: Single-family plan: The WynnNew construction (Plan)

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Open living area (approx. 1,348 total living area)

Listing history 50 events

1. 2026-09-23
   days on market $332,606 Active 138 DOM
2. 2026-09-22
   days on market $332,606 Active 137 DOM
3. 2026-09-21
   days on market $332,606 Active 136 DOM
4. 2026-09-20
   days on market $332,606 Active 135 DOM
5. 2026-09-19
   days on market $332,606 Active 134 DOM
6. 2026-09-18
   days on market $332,606 Active 133 DOM
7. 2026-09-17
   days on market $332,606 Active 132 DOM
8. 2026-09-16
   days on market $332,606 Active 131 DOM
9. 2026-09-15
   days on market $332,606 Active 130 DOM
10. 2026-09-14
    days on market $332,606 Active 129 DOM
11. 2026-09-13
    days on market $332,606 Active 128 DOM
12. 2026-09-12
    days on market $332,606 Active 127 DOM
13. 2026-09-11
    days on market $332,606 Active 126 DOM
14. 2026-09-05
    days on market $332,606 Active 120 DOM
15. 2026-09-04
    days on market $332,606 Active 119 DOM
16. 2026-09-03
    days on market $332,606 Active 118 DOM
17. 2026-08-31
    days on market $332,606 Active 115 DOM
18. 2026-08-29
    days on market $332,606 Active 113 DOM
19. 2026-08-28
    days on market $332,606 Active 112 DOM
20. 2026-08-27
    days on market $332,606 Active 111 DOM
21. 2026-08-26
    days on market $332,606 Active 110 DOM
22. 2026-08-25
    days on market $332,606 Active 109 DOM
23. 2026-08-24
    days on market $332,606 Active 108 DOM
24. 2026-08-23
    days on market $332,606 Active 107 DOM
25. 2026-08-22
    days on market $332,606 Active 106 DOM
26. 2026-08-21
    days on market $332,606 Active 105 DOM
27. 2026-08-20
    days on market $332,606 Active 104 DOM
28. 2026-08-19
    days on market $332,606 Active 103 DOM
29. 2026-08-18
    days on market $332,606 Active 102 DOM
30. 2026-08-17
    days on market $332,606 Active 101 DOM
31. 2026-08-16
    days on market $332,606 Active 100 DOM
32. 2026-08-15
    days on market $332,606 Active 99 DOM
33. 2026-08-14
    days on market $332,606 Active 98 DOM
34. 2026-08-13
    days on market $332,606 Active 97 DOM
35. 2026-08-12
    days on market $332,606 Active 96 DOM
36. 2026-08-11
    days on market $332,606 Active 95 DOM
37. 2026-08-10
    days on market $332,606 Active 94 DOM
38. 2026-08-09
    days on market $332,606 Active 93 DOM
39. 2026-08-08
    days on market $332,606 Active 92 DOM
40. 2026-08-07
    days on market $332,606 Active 91 DOM
41. 2026-08-06
    days on market $332,606 Active 90 DOM
42. 2026-08-05
    days on market $332,606 Active 89 DOM
43. 2026-08-04
    days on market $332,606 Active 88 DOM
44. 2026-08-03
    days on market $332,606 Active 87 DOM
45. 2026-07-31
    days on market $332,606 Active 84 DOM
46. 2026-07-30
    days on market $332,606 Active 83 DOM
47. 2026-07-30
    days on market $332,606 Active 82 DOM
48. 2026-07-28
    days on market $332,606 Active 81 DOM
49. 2026-07-26
    days on market $332,606 Active 79 DOM
50. 2026-07-24
    days on market $332,606 Active 77 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°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: $32,105
• − Mortgage interest: −$27,215
• − Property taxes: −$7,288
• − Insurance: −$2,429
• − Repairs & maintenance: −$2,568
• − Management: −$2,568
• − Depreciation: −$14,134
• Taxable loss: −$24,097
• Est. tax savings @ 24.0%: +$5,783
• After-tax cash flow: $-9,144/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.

Condition & rehab AI · 6 photos

Good 80/100 None rehab

The Wynn Plan is a well-maintained single-family home with good condition and curb appeal. It offers a good balance of comfort and value, making it an attractive option for both buyers and renters.

Value-add opportunities

• Both Painting the exterior and interior — Fresh paint can enhance the curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/renters. ↑
• Both Kitchen and bathroom updates — Modernizing the kitchen and bathrooms can increase the home's value and appeal to a broader market. ↑

F Composite school gradezoned avg 39/100

Zoned Schools

Elementary Wolf Creek Elementary School C- KS #131/684 Nat'l #11,263/41,679 Middle Spring Hill Middle School F KS #89/219 Nat'l #9,410/14,009 High Spring Hill High School F KS #26/327 Nat'l #9,001/17,239

Schools (NCES district)

• District: Spring Hill
• NCES district ID: 2011850
• Math proficiency: 40% ▬ 0.00%
• Reading proficiency: 47% ▲ 5.00%
• Median HH income: $80,172
• Composite: 40.26/100
• National rank: #3767
• State rank: #11 of 169 in KS

B Composite livability gradescore 73/100

Livability — Spring Hill

• Score: 73/100
• State rank: #93
• US rank: #5370

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spring Hill, KS
• County: Johnson County · 663,396 people
• City population: 13,011
• Metro: Kansas City, MO-KS
• Population (ZIP): 13,011
• Household income: $116,791
• Rent vs Own: 17.9% rent · 82.1% own
• Severe rent burden: 15% of renters

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Population outlook (Johnson County) Hauer SSP2

• Today (2025): 663,396 people
• By 2030: 702,585 · +5.9%
• By 2040: 775,386 · +16.9%
• By 2050: 841,772 · +26.9%
• By 2075: 994,137 · +49.9%
• By 2100: 1,073,036 · +61.7%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Lithuanian 3% Italian 3% Portuguese 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

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Political lean MEDSL · Johnson

• 2024 margin: Lean D (+8.5) · D 53.4% · R 44.9% · Other 1.8%
• 2008→2024 swing: +17.5pp toward D · 2008: -9.0pp · 2024: 8.5pp
• All cycles: 2024: D+8.5 2020: D+8.2 2016: R+2.7 2012: R+17.8 2008: R+9.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -130.12%
• Current HPI: 265.6494
• Rent YoY: —
• Metro: Kansas City, MO-KS
• State GDP YoY: —
• F500 in state: 0

Property features AI

Finance

• Financial info: List price: $332,606

Exterior

• Parking: 2 total parking spaces2-car garage
• Home design: Single-family plan: The WynnNew construction (Plan)

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Open living area (approx. 1,348 total living area)