703 W Church St · Logan, KS 67646

$79,000

2 bd · 1.0 ba · 712 sqft · SingleFamily public records · 9 Days on market

Built 1900

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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 +20.2/30.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 1% rule +5.3/10.0
• Appreciation +5.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Key facts

• Indoor laundry area
• Outdoor entertaining
• Large lot

Tags

• REMODELED BUNGALOW
• INDOOR LAUNDRY AREA
• UPDATED ELECTRICAL SYSTEMS
• UPDATED PLUMBING SYSTEMS
• LARGE LOT
• OUTDOOR ENTERTAINING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $99 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($816 rent vs $79k).

Location & tenants

• Location reads 60/100 on livability (#434 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: employment C-, health & safety C-, schools D.
• Logan (rural): math 30% / reading 20% proficiency, ranked #227 of 280 in KS (top 81%) — 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 $489 of equity ($546 loan paydown + $-57 appreciation (-0.1% local appreciation)).
• Phillips County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-0.1% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $4k; list at $79k implies a 1875% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,000

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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. 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.
6. 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.
7. 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: 1.03% ✓
• Cap rate: 7.80%
• Cash-on-cash: 5.38%
• DSCR: 1.24
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-0.07% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.6%
• Equity multiple: 1.17×
• Total profit: $3,746
• Equity at exit: $22,656

10-year hold

• IRR: 9.0%
• Equity multiple: 1.97×
• Total profit: $21,503
• Equity at exit: $27,009

Cash invested: $22,120 (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 67646

• Home prices YoY: -0.0%
• Active inventory: 1
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $816 medium
• Mortgage (P&I): −$414
• Tax est. 1.5%: −$99 /mo · $1,185/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$171
• Net cashflow: $99

Break-even live

Break-even rent $691

Max offer price $79,000

Occupancy floor 83%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   days on market $79,000 Active 9 DOM
2. 2026-06-17
   days on market $79,000 Active 8 DOM
3. 2026-06-16
   days on market $79,000 Active 7 DOM
4. 2026-06-15
   days on market $79,000 Active 6 DOM
5. 2026-06-13
   days on market $79,000 Active 4 DOM
6. 2026-06-12
   listed $79,000 Active 3 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 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥104°F today · 17 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: $9,798
• − Mortgage interest: −$4,425
• − Property taxes: −$1,185
• − Insurance: −$395
• − Repairs & maintenance: −$784
• − Management: −$784
• − Depreciation: −$2,298
• Taxable loss: −$73
• Est. tax savings @ 24.0%: +$18
• After-tax cash flow: $1,207/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: Logan
• NCES district ID: 2008910
• Math proficiency: 30% ▬ 0.00%
• Reading proficiency: 20% ▬ 0.00%
• Median HH income: $45,208
• Composite: 24.66/100
• National rank: #13042
• State rank: #227 of 280 in KS

Livability — Logan

• Score: 60/100
• State rank: #434
• US rank: #18996

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: Logan, KS
• Population (ZIP): 704

Population outlook (Phillips County) Hauer SSP2

• Today (2025): 5,168 people
• By 2030: 5,029 · -2.7%
• By 2040: 4,765 · -7.8%
• By 2050: 4,594 · -11.1%
• By 2075: 4,488 · -13.2%
• By 2100: 4,305 · -16.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 2% Two or more races 2% Asian 2%
• Common ancestry: Iranian 6% Lithuanian 6% Slovak 3%
• Foreign-born: 2% · South Korea, Canada
• Languages at home: 97% English-only · Tagalog/Filipino 2% Spanish 1%

Political lean MEDSL · Phillips

• 2024 margin: Solid R (+73.7) · D 12.1% · R 85.8% · Other 2.2%
• 2008→2024 swing: -14.5pp toward R · 2008: -59.2pp · 2024: -73.7pp
• All cycles: 2024: R+73.7 2020: R+75.2 2016: R+72.9 2012: R+68.6 2008: R+59.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.07%
• Current HPI: 167.6873
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+1875.0% since first listed

3 events — show timeline

• 2026-06-10 Listed $79,000 FSBO.com
• 2007-07-01 Sold (Public Records) $4,000 Public Records
• 1991-05-01 Sold (Public Records) — Public Records