701-703 W 17th St · Newton, KS 67114

$220,000

6 bd · 2.0 ba · 1,920 sqft · MultiFamily public records · 44 Days on market

Built 1979 0.38 ac lot

---

Why this score? — see what drove the D 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 +13.8/30.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• DSCR +4.2/10.0
• 1% rule +4.0/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Key facts

• 0.38 acre lot
• 2 parking spots
• Built 1979

Property features AI

Finance

• Financial info: Owner pays grounds care

Exterior

• Parking: Two parking spaces total; Paved parking; One parking space per unit
• Utilities: Public water; Natural gas available
• Home design: Duplex
• Exterior features: Composition roof

Interior

• Kitchen: Dishwasher, Range, Refrigerator
• Flooring: Carpet; Wood
• Heating & cooling: Natural gas heating; Electric cooling
• Interior features: Finished basement; Carpet and wood flooring; Dishwasher, Range, Refrigerator

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2-bath units multifamily listed at $220k.

Deal economics

• At list price, monthly cash flow is $19 ($229/yr) — positive. Per door: $10/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (10.0% below list).
• Recommended offer: $198k (10.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#282 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B+; Watch: crime F, amenities F, commute F.
• Newton (town): math 17% / reading 30% proficiency, ranked #141 of 169 in KS (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Northridge Elementary (math 32% / reading 42%, grade F, #358 of 684 statewide, top 56%, 287 students, 53% FRL); Chisholm Middle School (math 14% / reading 25%, grade F, #152 of 219 statewide, top 72%, 489 students, 58% FRL); Newton Sr High (math 11% / reading 26%, grade F, #232 of 327 statewide, top 71%, 956 students, 51% FRL).
• Market conditions: Rents rising fast (+18.1%/yr); 131 active listings in the ZIP; 148 units permitted in Harvey County in 2024 (13 in 5+ unit buildings).
• This rent runs 34% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $40k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $107k; list at $220k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,000 (10.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.90% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.37%
• DSCR: 1.02
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -10.2%
• Equity multiple: 0.61×
• Total profit: $-23,927
• Equity at exit: $32,803

10-year hold

• IRR: 5.1%
• Equity multiple: 1.46×
• Total profit: $28,536
• Equity at exit: $19,022

Cash invested: $61,600 (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 67114

• Rents YoY: 18.1%
• Active inventory: 131
• Price-to-rent: 18.5×

Monthly cashflow live

• Estimated rent: $1,980 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$300 /mo · $3,597/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $19

Break-even live

Break-even rent $1,956

Max offer price $220,000

Occupancy floor 94%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$1,980
Total (2 units)			$1,980

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $220,000 Active 44 DOM
2. 2026-06-17
   days on market $220,000 Active 43 DOM
3. 2026-06-16
   days on market $220,000 Active 42 DOM
4. 2026-06-15
   days on market $220,000 Active 41 DOM
5. 2026-06-14
   days on market $220,000 Active 39 DOM
6. 2026-06-13
   days on market $220,000 Active 38 DOM
7. 2026-06-10
   days on market $220,000 Active 36 DOM
8. 2026-06-09
   days on market $220,000 Active 35 DOM
9. 2026-06-08
   days on market $220,000 Active 34 DOM
10. 2026-06-07
    days on market $220,000 Active 33 DOM
11. 2026-06-03
    days on market $220,000 Active 29 DOM
12. 2026-06-02
    days on market $220,000 Active 28 DOM
13. 2026-06-01
    days on market $220,000 Active 27 DOM
14. 2026-05-31
    days on market $220,000 Active 26 DOM
15. 2026-05-30
    pricedays on market $220,000 Active 25 DOM
16. 2026-05-05
    listed $260,000 Active
17. 2026-01-11
    historical
18. 2025-07-10
    listed $229,000 Active
19. 2025-07-10
    historical
20. 2025-06-06
    listed $229,000 Active
21. 2007-01-01
    soldstatus $107,000
22. 2006-12-12
    listed $109,900

ⓘ 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: $3,597 · $300/mo
• Projected year-2 tax: $3,597 · $300/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,760
• − Mortgage interest: −$12,323
• − Property taxes: −$3,597
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,901
• − Management: −$1,901
• − Depreciation: −$6,400
• Taxable loss: −$3,462
• Est. tax savings @ 24.0%: +$831
• After-tax cash flow: $1,060/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: Newton
• NCES district ID: 2009960
• Math proficiency: 17% ▼ -5.00%
• Reading proficiency: 30% ▲ 1.00%
• Median HH income: $47,297
• Composite: 20.51/100
• National rank: #8569
• State rank: #141 of 169 in KS

Livability — Newton

• Score: 65/100
• State rank: #282
• US rank: #12628

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newton, KS
• County: Harvey County · 20,919 people
• City population: 20,919
• Metro: Wichita, KS
• Population (ZIP): 20,919
• Household income: $70,018
• Rent vs Own: 30.3% rent · 69.7% own
• Severe rent burden: 612.0

Population outlook (Harvey County) Hauer SSP2

• Today (2025): 35,226 people
• By 2030: 35,287 · +0.2%
• By 2040: 35,124 · -0.3%
• By 2050: 34,665 · -1.6%
• By 2075: 33,716 · -4.3%
• By 2100: 30,163 · -14.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 18% Two or more races 11% Native American 2% Black 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Romanian 2% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 7% German/W. Germanic 1%

Political lean MEDSL · Harvey

• 2024 margin: Strong R (+21.1) · D 38.6% · R 59.6% · Other 1.8%
• 2008→2024 swing: -3.8pp toward R · 2008: -17.2pp · 2024: -21.1pp
• All cycles: 2024: R+21.1 2020: R+19.7 2016: R+24.1 2012: R+23.1 2008: R+17.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -140.55%
• Current HPI: 187.6572
• Rent YoY: ▲ 18.05%
• Metro: Wichita, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+136.6% since first listed

7 events — show timeline

• 2026-05-05 Listed $260,000 SCKMLS as Distributed by MLS Grid
• 2026-01-11 Listing Removed — SCKMLS as Distributed by MLS Grid
• 2025-07-10 Listing Removed — SCKMLS as Distributed by MLS Grid
• 2025-07-10 Listed $229,000 SCKMLS as Distributed by MLS Grid
• 2025-06-06 Listed $229,000 SCKMLS as Distributed by MLS Grid
• 2007-01-01 Sold (Public Records) $107,000 Public Records
• 2006-12-12 Listed $109,900 SCKMLS as Distributed by MLS Grid

Property tax history

+4.7%/yr

Latest (2025): $3,597 · +2.1% YoY. Source: county tax records.