5010 Harmony Dr · Kansas City, KS 66106

$229,999

3 bd · 1.0 ba · 1,252 sqft · SingleFamily public records · 26 Days on market

Built 1954 Est $253k · 9% under

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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 +15.0/30.0
• ARV discount +11.6/15.0
• DSCR +4.6/10.0
• 1% rule +3.8/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom ranch home. Covered front porch over looking quiet street.

Key facts

• Better insulation
• Central ac unit
• Biggest driveway

Tags

• BIGGEST DRIVEWAY
• CENTRAL AC UNIT
• BETTER INSULATION
• NEW ROOF
• NEW FRIDGE
• NEW MICROWAVE

Property features AI

Exterior

• Home design: Built in 1954; Single-family property
• Construction: Living area approximately 1,252
• Exterior features: Located in the Turner subdivision

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $73 ($874/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (11.5% below list).
• Recommended offer: $204k (11.5% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.8% in Kansas City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 72/100 on livability (#103 in KS) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, crime F, employment D-.
• Turner-Kansas City (urban): math 15% / reading 22% proficiency, ranked #161 of 169 in KS (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 94 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 369 units permitted in Wyandotte County in 2024 (236 in 5+ unit buildings).
• This rent runs 40% of the median local income ($61k/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.
• Wyandotte County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 27y 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.
• Current owner paid $65k; list at $230k implies a 254% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $203,515 (11.5% below list)

Questions for the listing agent

1. Built in 1954 — 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. 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: 0.88% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.36%
• DSCR: 1.06
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $252,904
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2316 S 47th Ter	0.40mi	3/1.0	1,256 (+0%)	3mo	$255,000	$203	78
5133 Harmony Dr	0.16mi	3/1.0	1,140 (-9%)	3mo	$220,000	$193	75
2506 S 48th Ter	0.19mi	4/2.0 (+1)	1,305 (+4%)	4mo	$254,000	$195	72
4737 Gibbs Rd	0.36mi	3/1.0	1,170 (-6%)	1mo	$190,000	$162	71
2613 S 49th St	0.23mi	3/2.0	1,105 (-12%)	1mo	$239,950	$217	65
5325 Hagemann St	0.47mi	3/2.0	1,313 (+5%)	4mo	$365,000	$278	63
5122 Hagemann St	0.26mi	4/1.0 (+1)	1,080 (-14%)	1mo	$220,000	$204	59
2446 S 45th St	0.62mi	2/1.0 (-1)	1,268 (+1%)	6mo	$122,000	$96	58
2834 S 48th St	0.54mi	3/1.0	1,085 (-13%)	1mo	$219,000	$202	52
4630 Ottawa Ave	0.51mi	3/2.0	1,389 (+11%)	8mo	$239,900	$173	47
2741 S 53rd Ter	0.49mi	4/2.5 (+1)	1,410 (+13%)	2mo	$280,000	$199	43
1944 S 47th Ter	0.63mi	3/2.0	1,422 (+14%)	7mo	$320,000	$225	39

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: -14.1%
• Equity multiple: 0.49×
• Total profit: $-32,635
• Equity at exit: $34,294

10-year hold

• IRR: -5.4%
• Equity multiple: 0.65×
• Total profit: $-22,458
• Equity at exit: $19,886

Cash invested: $64,400 (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 66106

• Active inventory: 94
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,035 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$233 /mo · $2,796/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $73

Break-even live

Break-even rent $1,943

Max offer price $229,999

Occupancy floor 91%

Sensitivity live

Price	-10% $203	-5% $138	+0% $73	+5% $8	+10% $-57
Rent	-10% $-88	-5% $-8	+0% $73	+5% $153	+10% $234
Rate	-1.0pp $189	-0.5pp $131	base $73	+0.5pp $13	+1.0pp $-47

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2118 S 47th St Kansas City, KS	3.0	1.0	1008	$2,400	$2.38	18d	1	0.54mi
4813 Woodward St Shawnee, KS	3.0	2.0	1050	$1,695	$1.61	3d	1	1.12mi
5012 Powell Ave Kansas City, KS	3.0	2.0	1452	$1,895	$1.31	15d	1	1.42mi

Listing history 20 events

1. 2026-06-18
   days on market $229,999 Active 26 DOM
2. 2026-06-17
   days on market $229,999 Active 25 DOM
3. 2026-06-16
   days on market $229,999 Active 24 DOM
4. 2026-06-15
   days on market $229,999 Active 23 DOM
5. 2026-06-13
   days on market $229,999 Active 21 DOM
6. 2026-06-13
   days on market $229,999 Active 20 DOM
7. 2026-06-09
   days on market $229,999 Active 17 DOM
8. 2026-06-08
   days on market $229,999 Active 16 DOM
9. 2026-06-07
   days on market $229,999 Active 15 DOM
10. 2026-06-03
    days on market $229,999 Active 11 DOM
11. 2026-06-02
    days on market $229,999 Active 10 DOM
12. 2026-06-01
    days on market $229,999 Active 9 DOM
13. 2026-05-31
    days on market $229,999 Active 8 DOM
14. 2026-05-24
    listed $229,999 Active
15. 2014-11-04
    soldstatus
16. 2014-02-14
    soldstatus 68-char remark

    Show marketing remark (68 chars)

    3 bedroom ranch home. Covered front porch over looking quiet street.

17. 2014-01-23
    listed $33,995 68-char remark

    Show marketing remark (68 chars)

    3 bedroom ranch home. Covered front porch over looking quiet street.

18. 1999-10-18
    soldstatus 271-char remark

    Show marketing remark (271 chars)

    Wondreful 3 Bed House With Loads Of Charm. His & Her Closets In Master Bedroom. Home All Carpeted Private Patio Off Large Rec Room And Above Ground Pool For Summer Fun. Covered Porch Over Looking Quiet Street. Move In Condition. Ready For Yuor Buyer, Show And Sell.

19. 1999-10-18
    soldstatus $65,000

    Show marketing remark (271 chars)

    Wondreful 3 Bed House With Loads Of Charm. His & Her Closets In Master Bedroom. Home All Carpeted Private Patio Off Large Rec Room And Above Ground Pool For Summer Fun. Covered Porch Over Looking Quiet Street. Move In Condition. Ready For Yuor Buyer, Show And Sell.

20. 1999-08-08
    listed $64,900 271-char remark

    Show marketing remark (271 chars)

    Wondreful 3 Bed House With Loads Of Charm. His & Her Closets In Master Bedroom. Home All Carpeted Private Patio Off Large Rec Room And Above Ground Pool For Summer Fun. Covered Porch Over Looking Quiet Street. Move In Condition. Ready For Yuor Buyer, Show And Sell.

ⓘ 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: $2,796 · $233/mo
• Projected year-2 tax: $3,243 · $270/mo
• Expected delta: +$447/yr (+$37/mo · 16.0%)

ⓘ 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 1/10 Low
• 🌡 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: $24,422
• − Mortgage interest: −$12,884
• − Property taxes: −$2,796
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,954
• − Management: −$1,954
• − Depreciation: −$6,691
• Taxable loss: −$3,006
• Est. tax savings @ 24.0%: +$721
• After-tax cash flow: $1,595/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: Turner-Kansas City
• NCES district ID: 2012360
• Math proficiency: 15% ▼ -5.00%
• Reading proficiency: 22% ▼ -1.00%
• Median HH income: $45,753
• Composite: 16.24/100
• National rank: #9222
• State rank: #161 of 169 in KS

Livability — Kansas City

• Score: 72/100
• State rank: #103
• US rank: #6054

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kansas City, KS
• County: Wyandotte County · 130,206 people
• City population: 130,206
• Metro: Kansas City, MO-KS
• Population (ZIP): 24,245
• Household income: $61,331
• Rent vs Own: 31.7% rent · 68.3% own
• Severe rent burden: 583.0

Population outlook (Wyandotte County) Hauer SSP2

• Today (2025): 177,063 people
• By 2030: 183,212 · +3.5%
• By 2040: 195,697 · +10.5%
• By 2050: 207,897 · +17.4%
• By 2075: 236,169 · +33.4%
• By 2100: 255,790 · +44.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 47% Hispanic / Latino 38% Two or more races 12% Black 8% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 34%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 14% · Canada
• Languages at home: 68% English-only · Spanish 29% Other Asian/Pacific 2%

Political lean MEDSL · Wyandotte

• 2024 margin: Strong D (+23.9) · D 61.1% · R 37.3% · Other 1.6%
• 2008→2024 swing: -17.0pp toward R · 2008: 40.9pp · 2024: 23.9pp
• All cycles: 2024: D+23.9 2020: D+30.9 2016: D+29.1 2012: D+36.4 2008: D+40.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -253.32%
• Current HPI: 239.6957
• Rent YoY: —
• Metro: Kansas City, MO-KS
• State GDP YoY: —
• F500 in state: 0

Price history

+254.4% since first listed

7 events — show timeline

• 2026-05-24 Listed $229,999 FSBO.com
• 2014-11-04 Sold (Public Records) — Public Records
• 2014-02-14 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2014-01-23 Listed $33,995 Heartland MLS as Distributed by MLS Grid
• 1999-10-18 Sold (Public Records) $65,000 Public Records
• 1999-10-18 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 1999-08-08 Listed $64,900 Heartland MLS as Distributed by MLS Grid

Property tax history

+5.6%/yr

Latest (2025): $2,796 · +1.3% YoY. Source: county tax records.