11512 Lostine Rd · Galena, KS 66739

$125,000

3 bd · 2.0 ba · 1,606 sqft · SingleFamily public records · 6 Days on market

Built 1995 7.92 ac lot ↓ 26% since listing

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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 +19.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +5.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This ranch-style 3-bedroom, 2-bathroom home is situated on almost 8 acres, with paved road access, and is just a half mile from the Missouri line. The acreage offers a great mix of pasture and woods, making it ideal for livestock, hunting, recreation, or simply enjoying the outdoors. The property also features both an attached garage and a detached garage, along with a pond for relaxing and taking in the country setting. With plenty of space for hobbies, animals, or recreation, the possibilities are endless. The home does need TLC, but it offers great potential to make it your own. A rare opportunity to own acreage with room to grow!

Key facts

• Almost 8 acres
• Pond
• Attached garage

Tags

• ALMOST 8 ACRES
• MIX OF PASTURE AND WOODS
• ATTACHED GARAGE
• DETACHED GARAGE
• POND

Property features AI

Finance

• Other: Lot size about 344,995 square feet
• HOA & community: No association fees

Exterior

• Parking: Attached and detached garage; 2 garage spaces
• Utilities: Rural water; Septic tank sewer
• Home design: Single-family residence; Residential property; One-story (ranch)
• Construction: Composition roof; Construction materials: Other; Built approximately 31–40 years ago
• Exterior features: Not in a flood plain; Directions: off Hwy 400 take SE Messer 4 miles E to the curve that turns into 110th; follow the road to Lostine then take a turn and the home is about a mile in before the Mo state line

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Electric cooling (has central cooling)
• Interior features: Ranch floor plan; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $141 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).

Location & tenants

• Location reads 67/100 on livability (#239 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools F, crime F, amenities F.
• Galena (town): math 23% / reading 35% proficiency, ranked #118 of 169 in KS (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 55 active listings in the ZIP; 17 units permitted in Cherokee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Cherokee County population projected at -26% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 10y ago 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $125,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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?
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: 1.05% ✓
• Cap rate: 7.65%
• Cash-on-cash: 4.84%
• DSCR: 1.22
• GRM: 7.9

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: -8.7%
• Equity multiple: 0.68×
• Total profit: $-11,216
• Equity at exit: $18,638

10-year hold

• IRR: 0.8%
• Equity multiple: 1.06×
• Total profit: $1,986
• Equity at exit: $10,808

Cash invested: $35,000 (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 66739

• Home prices YoY: -15.5%
• Active inventory: 55
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,316 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$191 /mo · $2,286/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $141

Break-even live

Break-even rent $1,137

Max offer price $125,000

Occupancy floor 84%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-21
   listed $125,000 Active
2. 2026-05-19
   listed $125,000 Active 641-char remark

   Show marketing remark (641 chars)

   This ranch-style 3-bedroom, 2-bathroom home is situated on almost 8 acres, with paved road access, and is just a half mile from the Missouri line. The acreage offers a great mix of pasture and woods, making it ideal for livestock, hunting, recreation, or simply enjoying the outdoors. The property also features both an attached garage and a detached garage, along with a pond for relaxing and taking in the country setting. With plenty of space for hobbies, animals, or recreation, the possibilities are endless. The home does need TLC, but it offers great potential to make it your own. A rare opportunity to own acreage with room to grow!

3. 2016-11-30
   soldstatus 442-char remark

   Show marketing remark (442 chars)

   This is what you've been waiting for! 10 acres with a lovely 3 bedroom, 2 bathroom country home. Newer built 24x36 detached 2 car garage workshop. Home offers a split bedroom plan, master bathroom has double sinks, jetted tub and a massive walk-in closet. Spacious kitchen, large living room, new HVAC recently installed, and attached 2 car garage. Super neat property and only less than 15 minutes to city limits, great west Joplin location.

4. 2016-09-21
   listed $170,000 442-char remark

   Show marketing remark (442 chars)

   This is what you've been waiting for! 10 acres with a lovely 3 bedroom, 2 bathroom country home. Newer built 24x36 detached 2 car garage workshop. Home offers a split bedroom plan, master bathroom has double sinks, jetted tub and a massive walk-in closet. Spacious kitchen, large living room, new HVAC recently installed, and attached 2 car garage. Super neat property and only less than 15 minutes to city limits, great west Joplin location.

ⓘ 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: $2,286 · $191/mo
• Projected year-2 tax: $2,286 · $191/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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% 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: $15,789
• − Mortgage interest: −$7,002
• − Property taxes: −$2,286
• − Insurance: −$625
• − Repairs & maintenance: −$1,263
• − Management: −$1,263
• − Depreciation: −$3,636
• Taxable loss: −$287
• Est. tax savings @ 24.0%: +$69
• After-tax cash flow: $1,764/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: Galena
• NCES district ID: 2006360
• Math proficiency: 23% ▼ -1.00%
• Reading proficiency: 35% ▲ 6.00%
• Median HH income: $38,223
• Composite: 24.21/100
• National rank: #7727
• State rank: #118 of 169 in KS

Livability — Galena

• Score: 67/100
• State rank: #239
• US rank: #10647

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,240

Population outlook (Cherokee County) Hauer SSP2

• Today (2025): 18,848 people
• By 2030: 17,862 · -5.2%
• By 2040: 15,850 · -15.9%
• By 2050: 13,915 · -26.2%
• By 2075: 10,102 · -46.4%
• By 2100: 6,977 · -63.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 11% Native American 2% Hispanic / Latino 2%
• Common ancestry: Slovak 4% Italian 2% Swedish 2%
• Foreign-born: 2% · China, Canada
• Languages at home: 99% English-only · Chinese 1%

Political lean MEDSL · Cherokee

• 2024 margin: Solid R (+52.9) · D 22.6% · R 75.5% · Other 1.9%
• 2008→2024 swing: -29.2pp toward R · 2008: -23.7pp · 2024: -52.9pp
• All cycles: 2024: R+52.9 2020: R+49.9 2016: R+48.4 2012: R+29.5 2008: R+23.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.57%
• Current HPI: 172.0001
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-26.5% since first listed

4 events — show timeline

• 2026-05-21 Listed $125,000 Heartland MLS as Distributed by MLS Grid
• 2026-05-19 Listed $125,000 OGAR
• 2016-11-30 Sold (MLS) — OGAR
• 2016-09-21 Listed $170,000 OGAR

Property tax history

+1.4%/yr

Latest (2025): $2,286 · +5.3% YoY. Source: county tax records.