514 Dwarf St · Sedan, KS 67361

$70,000

3 bd · 1.0 ba · 1,344 sqft · SingleFamily public records · 18 Days on market

Built 1915 6,100 sqft lot

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Key facts

• 6,100 sq ft lot
• 2 garage spots
• Built 1915

Property features AI

Finance

• HOA & community: No association fees

Exterior

• Parking: Detached 2-car garage with garage door opener and side-facing garage
• Utilities: Public water; Public sewer; Paved road with public maintenance
• Home design: Single-family residence; Bungalow floor plan; Residential property
• Construction: Frame construction; Composition roof; Crawl space basement; Approximately 101+ years old
• Exterior features: Front porch

Interior

• Kitchen: Refrigerator; Gas range
• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Carpet; Luxury vinyl; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Electric cooling
• Interior features: Ceiling fans
• Laundry & utility: Laundry room with gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $379 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $69k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#328 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Chautauqua County Community (rural): math 25% / reading 25% proficiency, ranked #236 of 280 in KS (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 7 active listings in the ZIP.

Forward outlook

• In year one you build about $3k of equity ($484 loan paydown + $2k appreciation (3.0% local appreciation)).
• Chautauqua County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $30k; list at $70k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,950 (1.5% below list)

Questions for the listing agent

1. Built in 1915 — 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 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?
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: 1.56% ✓
• Cap rate: 12.79%
• Cash-on-cash: 23.20%
• DSCR: 2.03
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 29.4%
• Equity multiple: 2.66×
• Total profit: $32,580
• Equity at exit: $31,475

10-year hold

• IRR: 29.8%
• Equity multiple: 5.19×
• Total profit: $82,198
• Equity at exit: $48,507

Cash invested: $19,600 (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 67361

• Active inventory: 7
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,092 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$88 /mo · $1,050/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $379

Break-even live

Break-even rent $612

Max offer price $70,000

Occupancy floor 60%

Sensitivity live

Price	-10% $427	-5% $403	+0% $379	+5% $355	+10% $331
Rent	-10% $293	-5% $336	+0% $379	+5% $422	+10% $465
Rate	-1.0pp $414	-0.5pp $397	base $379	+0.5pp $361	+1.0pp $342

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-21
   days on market $70,000 Active 18 DOM
2. 2026-06-18
   days on market $70,000 Active 16 DOM
3. 2026-06-17
   days on market $70,000 Active 15 DOM
4. 2026-06-16
   days on market $70,000 Active 14 DOM
5. 2026-06-15
   days on market $70,000 Active 13 DOM
6. 2026-06-13
   days on market $70,000 Active 11 DOM
7. 2026-06-12
   days on market $70,000 Active 10 DOM
8. 2026-06-09
   days on market $70,000 Active 7 DOM
9. 2026-06-08
   days on market $70,000 Active 6 DOM
10. 2026-06-07
    days on market $70,000 Active 5 DOM
11. 2026-06-05
    days on market $70,000 Active 3 DOM
12. 2026-06-03
    listed $70,000 Active 1 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 8/10 Severe
• 🌡 Heat 5/10 Major 7 d/yr ≥109°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: $13,103
• − Mortgage interest: −$3,921
• − Property taxes: −$1,050
• − Insurance: −$350
• − Repairs & maintenance: −$1,048
• − Management: −$1,048
• − Depreciation: −$2,036
• Taxable income: $3,649
• Est. tax owed @ 24.0%: −$876
• After-tax cash flow: $3,671/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: Chautauqua County Community
• NCES district ID: 2011520
• Math proficiency: 25% ▬ 0.00%
• Reading proficiency: 25% ▲ 5.00%
• Median HH income: $37,570
• Composite: 23.91/100
• National rank: #13201
• State rank: #236 of 280 in KS

Livability — Sedan

• Score: 63/100
• State rank: #328
• US rank: #14996

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sedan, KS
• Population (ZIP): 1,797

Population outlook (Chautauqua County) Hauer SSP2

• Today (2025): 3,024 people
• By 2030: 2,865 · -5.3%
• By 2040: 2,630 · -13.0%
• By 2050: 2,495 · -17.5%
• By 2075: 2,436 · -19.4%
• By 2100: 2,430 · -19.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 10% Hispanic / Latino 4% Native American 3% Black 1%
• Common ancestry: Slovak 3% Russian 2% Lithuanian 1%
• Foreign-born: 1% · China

Political lean MEDSL · Chautauqua

• 2024 margin: Solid R (+71.2) · D 13.8% · R 85.1% · Other 1.1%
• 2008→2024 swing: -16.3pp toward R · 2008: -54.9pp · 2024: -71.2pp
• All cycles: 2024: R+71.2 2020: R+72.5 2016: R+71.3 2012: R+62.7 2008: R+54.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+644.7% since first listed

9 events — show timeline

• 2026-06-02 Listed $70,000 Heartland MLS as Distributed by MLS Grid
• 2025-06-11 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2025-06-05 Price Changed $100,000 Heartland MLS as Distributed by MLS Grid
• 2025-05-20 Price Changed $109,500 Heartland MLS as Distributed by MLS Grid
• 2025-05-09 Price Changed $120,000 Heartland MLS as Distributed by MLS Grid
• 2025-04-29 Listed $124,500 Heartland MLS as Distributed by MLS Grid
• 2005-03-01 Sold (Public Records) $30,000 Public Records
• 1993-06-01 Sold (Public Records) $30,000 Public Records
• 1989-07-01 Sold (Public Records) $9,400 Public Records