1068 Cedar St · Junction City, KS 66441

$179,000

4 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 10 Days on market

Built 1964 6,600 sqft lot

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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 +13.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Rent growth +4.0/5.0
• 1% rule +3.7/10.0
• Livability +3.3/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This established Ranch style home features 3 bedrooms and 1 bathroom on the main floor, a full finished basement that has several highlights to include 1 non-conforming bedroom, a separate office space with built in desk, and laundry room with plenty of additional storage. The property also includes an attached 1 stall garage, chain link fence and storage shed in the backyard. Additional ammenities include a wood burning stove, covered back deck, hardwood floors on the majority of the main level. Maintained through the years, this property is move in ready and has so much to offer. No special taxes. Reach out to Jade White with Homefront Real Estate Group at 785.210.6286.

Key facts

• Finished basement
• Covered back deck
• Storage shed

Tags

• FINISHED BASEMENT
• DEDICATED OFFICE
• COVERED BACK DECK
• FULLY FENCED YARD
• STORAGE SHED
• WOOD BURNING STOVE

Property features AI

Exterior

• Parking: Attached garage with garage door opener (1 car)
• Utilities: Public water; Public sewer; Natural gas available; Electricity available; Cable available
• Home design: Single-family residence; Residential property
• Construction: Vinyl siding; Built with a foundation (basement present)
• Exterior features: Covered patio/porch; Chain link fencing; Shed(s)

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator
• Bedrooms: 3 main-level bedrooms
• Flooring: Wood; Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Wood stove heating; Central air conditioning; Ceiling fans for cooling
• Interior features: Ceiling fans; Finished basement with sump pump; Wood burning stove

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $12 ($144/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 $157k (12.6% below list).
• Recommended offer: $157k (12.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#266 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Geary County Schools (town): math 32% / reading 39% proficiency, ranked #60 of 169 in KS (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Eisenhower Elem (math 47% / reading 52%, grade D, #165 of 684 statewide, top 28%, 368 students, 53% FRL); Junction City Middle School (math 18% / reading 22%, grade F, #146 of 219 statewide, top 67%, 938 students, 61% FRL); Junction City Sr High (math 17% / reading 30%, grade F, #161 of 327 statewide, top 50%, 1,657 students, 47% FRL).
• Market conditions: Rents rising fast (+6.0%/yr); 262 active listings in the ZIP; 93 units permitted in Geary County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Geary County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 9y 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 $95k; list at $179k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $156,520 (12.6% below list)

Questions for the listing agent

1. Built in 1964 — 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. 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: 0.87% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.29%
• DSCR: 1.01
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.05% rent growth · sell at horizon

5-year hold

• IRR: -12.5%
• Equity multiple: 0.54×
• Total profit: $-23,276
• Equity at exit: $26,689

10-year hold

• IRR: 0.6%
• Equity multiple: 1.05×
• Total profit: $2,405
• Equity at exit: $15,477

Cash invested: $50,120 (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 66441

• Rents YoY: 6.0%
• Active inventory: 262
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,565 medium
• Mortgage (P&I): −$939
• Tax from tax record: −$211 /mo · $2,535/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $12

Break-even live

Break-even rent $1,550

Max offer price $179,000

Occupancy floor 94%

Sensitivity live

Price	-10% $113	-5% $63	+0% $12	+5% $-39	+10% $-89
Rent	-10% $-112	-5% $-50	+0% $12	+5% $74	+10% $136
Rate	-1.0pp $102	-0.5pp $58	base $12	+0.5pp $-34	+1.0pp $-82

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-11
   status Pending
2. 2026-05-02
   listed $179,000 Active
3. 2024-01-29
   soldstatus Closed 681-char remark

   Show marketing remark (681 chars)

   This established Ranch style home features 3 bedrooms and 1 bathroom on the main floor, a full finished basement that has several highlights to include 1 non-conforming bedroom, a separate office space with built in desk, and laundry room with plenty of additional storage. The property also includes an attached 1 stall garage, chain link fence and storage shed in the backyard. Additional ammenities include a wood burning stove, covered back deck, hardwood floors on the majority of the main level. Maintained through the years, this property is move in ready and has so much to offer. No special taxes. Reach out to Jade White with Homefront Real Estate Group at 785.210.6286.

4. 2023-12-17
   status Pending 681-char remark

   Show marketing remark (681 chars)

   This established Ranch style home features 3 bedrooms and 1 bathroom on the main floor, a full finished basement that has several highlights to include 1 non-conforming bedroom, a separate office space with built in desk, and laundry room with plenty of additional storage. The property also includes an attached 1 stall garage, chain link fence and storage shed in the backyard. Additional ammenities include a wood burning stove, covered back deck, hardwood floors on the majority of the main level. Maintained through the years, this property is move in ready and has so much to offer. No special taxes. Reach out to Jade White with Homefront Real Estate Group at 785.210.6286.

5. 2023-12-07
   listed $159,900 Active 681-char remark

   Show marketing remark (681 chars)

   This established Ranch style home features 3 bedrooms and 1 bathroom on the main floor, a full finished basement that has several highlights to include 1 non-conforming bedroom, a separate office space with built in desk, and laundry room with plenty of additional storage. The property also includes an attached 1 stall garage, chain link fence and storage shed in the backyard. Additional ammenities include a wood burning stove, covered back deck, hardwood floors on the majority of the main level. Maintained through the years, this property is move in ready and has so much to offer. No special taxes. Reach out to Jade White with Homefront Real Estate Group at 785.210.6286.

6. 2018-05-24
   soldstatus 593-char remark

   Show marketing remark (593 chars)

   Well-Maintained Ranch Style Home has 3 bedrooms, 1 bathroom located on main floor, beautiful hard wood floors, full finished basement has several amenities such as 1 non-conforming room, designated office, home theater room, laundry room with plenty of space for storage. Attached 1 car garage, fenced in backyard with landscaping, spacious shed comes with shelving. Covered back deck great for relaxing. This home has so much to offer, it is located in an established neighborhood. No Special taxes. Call Larry Johnson with ReeceNichols Cornerstone Realty, LLC at 785.223.1352 or 785.210.2500

7. 2017-08-23
   listed $109,900 593-char remark

   Show marketing remark (593 chars)

   Well-Maintained Ranch Style Home has 3 bedrooms, 1 bathroom located on main floor, beautiful hard wood floors, full finished basement has several amenities such as 1 non-conforming room, designated office, home theater room, laundry room with plenty of space for storage. Attached 1 car garage, fenced in backyard with landscaping, spacious shed comes with shelving. Covered back deck great for relaxing. This home has so much to offer, it is located in an established neighborhood. No Special taxes. Call Larry Johnson with ReeceNichols Cornerstone Realty, LLC at 785.223.1352 or 785.210.2500

8. 2005-04-01
   soldstatus $95,000
9. 1985-05-01
   soldstatus $52,000

ⓘ 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: $2,535 · $211/mo
• Projected year-2 tax: $2,535 · $211/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 4/10 Moderate 7 d/yr ≥108°F today · 16 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: $18,782
• − Mortgage interest: −$10,027
• − Property taxes: −$2,535
• − Insurance: −$895
• − Repairs & maintenance: −$1,503
• − Management: −$1,503
• − Depreciation: −$5,207
• Taxable loss: −$2,887
• Est. tax savings @ 24.0%: +$693
• After-tax cash flow: $837/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: Geary County Schools
• NCES district ID: 2007890
• Math proficiency: 32% ▲ 1.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $44,319
• Composite: 30.2/100
• National rank: #6306
• State rank: #60 of 169 in KS

Livability — Junction City

• Score: 66/100
• State rank: #266
• US rank: #11965

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Junction City, KS
• County: Geary County · 25,828 people
• City population: 25,828
• Metro: Manhattan, KS
• Population (ZIP): 25,828
• Household income: $59,522
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 950.0

Population outlook (Geary County) Hauer SSP2

• Today (2025): 37,364 people
• By 2030: 38,234 · +2.3%
• By 2040: 39,727 · +6.3%
• By 2050: 40,314 · +7.9%
• By 2075: 44,283 · +18.5%
• By 2100: 46,935 · +25.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 53% Black 19% Two or more races 15% Hispanic / Latino 15% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 4%
• Common ancestry: Lithuanian 3% Italian 2% Portuguese 2%
• Foreign-born: 8% · Canada, South Korea, Vietnam
• Languages at home: 85% English-only · Spanish 9% German/W. Germanic 1% Korean 1%

Political lean MEDSL · Geary

• 2024 margin: R (+17.6) · D 40.1% · R 57.7% · Other 2.2%
• 2008→2024 swing: -5.2pp toward R · 2008: -12.4pp · 2024: -17.6pp
• All cycles: 2024: R+17.6 2020: R+14.7 2016: R+21.7 2012: R+14.4 2008: R+12.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -152.25%
• Current HPI: 137.9936
• Rent YoY: ▲ 6.05%
• Metro: Manhattan, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+244.2% since first listed

9 events — show timeline

• 2026-05-11 Pending — FHAOR as distributed by MLS GRID
• 2026-05-02 Listed $179,000 FHAOR as distributed by MLS GRID
• 2024-01-29 Sold (MLS) — FHAOR as distributed by MLS GRID
• 2023-12-17 Pending — FHAOR as distributed by MLS GRID
• 2023-12-07 Listed $159,900 FHAOR as distributed by MLS GRID
• 2018-05-24 Sold (MLS) — FHAOR as distributed by MLS GRID
• 2017-08-23 Listed $109,900 FHAOR as distributed by MLS GRID
• 2005-04-01 Sold (Public Records) $95,000 Public Records
• 1985-05-01 Sold (Public Records) $52,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $2,535 · +8.6% YoY. Source: county tax records.