1918 N Stoney Pt · Wichita, KS 67212-6497

$292,000

4 bd · 3.0 ba · 2,196 sqft · SingleFamily public records · 13 Days on market

Built 1997 7,405 sqft lot $17/mo HOA · 1% of rent

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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 +10.2/30.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +3.8/10.0
• Livability +3.6/5.0
• DSCR +2.9/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• Walk-in closet
• Finished basement
• Bright dining area

Tags

• FINISHED BASEMENT
• SPACIOUS OPEN FLOOR PLAN
• BRIGHT DINING AREA
• PATIO DOOR LEADING TO DECK
• OVERSIZED MASTER SUITE
• WALK-IN CLOSET

Property features AI

Finance

• HOA & community: Community association with a $200 periodic fee and a $100 initiation fee; Association fee covers general upkeep for common areas

Exterior

• Parking: 2-car garage
• Security: Smoke detector(s)
• Utilities: Sewer available; Natural gas available; Private water source
• Home design: Single-family onsite-built home; One level
• Construction: Composition roof; Full daylight foundation
• Exterior features: Deck; Wood fencing

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Range
• Flooring: Laminate
• Bathrooms: Three full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central electric air conditioning
• Interior features: Finished daylight basement; Humidifier; Wood-burning fireplace with gas starter and glass doors in the living room; Storm doors and storm windows; Smoke detectors
• Laundry & utility: Laundry in basement in a separate room with 220V equipment

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $292k.

Deal economics

• At list price, monthly cash flow is $-164 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $263k (9.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (22.9% below list).
• Recommended offer: $225k (22.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#100 in KS) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment D+, crime F, commute F.
• Maize (rural): math 36% / reading 45% proficiency, ranked #20 of 169 in KS (top 12%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Vermillion Elementary School (math 40% / reading 43%, grade F, #306 of 684 statewide, top 45%, 835 students, 25% FRL); Maize Middle School (math 25% / reading 37%, grade F, #62 of 219 statewide, top 28%, 734 students, 29% FRL); Maize Sr High (math 25% / reading 26%, grade F, #98 of 327 statewide, top 30%, 1,289 students, 26% FRL).
• Market conditions: 1 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,613 units permitted in Sedgwick County in 2024 (258 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($2k loan paydown + $9k appreciation (3.0% local appreciation)).
• Sedgwick County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 4, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 24y 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: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $225,000 (22.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.77% ✗
• Cap rate: 5.62%
• Cash-on-cash: -2.41%
• DSCR: 0.89
• GRM: 10.8

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: 5.3%
• Equity multiple: 1.30×
• Total profit: $24,724
• Equity at exit: $131,296

10-year hold

• IRR: 8.3%
• Equity multiple: 2.26×
• Total profit: $102,672
• Equity at exit: $202,343

Cash invested: $81,760 (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 67212-6497

• Active inventory: 1
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,250 medium
• Mortgage (P&I): −$1,531
• Tax from tax record: −$271 /mo · $3,257/yr
• Insurance: −$122
• HOA: −$17
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $-164

Break-even live

Break-even rent $2,457

Max offer price $263,047

Occupancy floor —

Sensitivity live

Price	-10% $1	-5% $-81	+0% $-164	+5% $-247	+10% $-329
Rent	-10% $-342	-5% $-253	+0% $-164	+5% $-75	+10% $14
Rate	-1.0pp $-17	-0.5pp $-90	base $-164	+0.5pp $-240	+1.0pp $-317

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: $73,000
• Closing costs: $8,760
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11901 W Central Park Ct Wichita, KS	5.0	3.0	2560	$2,250	$0.88	16d	1	1.12mi

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 11 events

1. 2026-05-13
   listed $292,000 Active
2. 2025-03-24
   soldstatus
3. 2025-02-14
   status Pending
4. 2025-02-05
   listed $279,900 Active
5. 2017-09-08
   soldstatus
6. 2017-07-18
   listed $169,900
7. 2009-05-28
   soldstatus
8. 2009-05-28
   soldstatus
9. 2009-03-24
   listed $149,900
10. 2005-01-10
    listed $134,900
11. 2002-04-08
    listed $125,000

ⓘ 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: $3,257 · $271/mo
• Projected year-2 tax: $4,117 · $343/mo
• Expected delta: +$860/yr (+$72/mo · 26.4%)

ⓘ 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 5/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,000
• − Mortgage interest: −$16,357
• − Property taxes: −$3,257
• − Insurance: −$1,460
• − Repairs & maintenance: −$2,160
• − Management: −$2,160
• − HOA: −$204
• − Depreciation: −$8,495
• Taxable loss: −$7,092
• Est. tax savings @ 24.0%: +$1,702
• After-tax cash flow: $-265/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: Maize
• NCES district ID: 2009140
• Math proficiency: 36% ▼ -6.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $87,686
• Composite: 38.48/100
• National rank: #4184
• State rank: #20 of 169 in KS

Livability — Wichita

• Score: 72/100
• State rank: #100
• US rank: #5730

Category grades

Amenities A+ Commute F 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: Wichita, KS

Population outlook (Sedgwick County) Hauer SSP2

• Today (2025): 537,014 people
• By 2030: 546,984 · +1.9%
• By 2040: 559,141 · +4.1%
• By 2050: 562,027 · +4.7%
• By 2075: 557,255 · +3.8%
• By 2100: 513,383 · -4.4%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

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

Price history

+133.6% since first listed

11 events — show timeline

• 2026-05-13 Listed $292,000 SCKMLS as Distributed by MLS Grid
• 2025-03-24 Sold (Public Records) — Public Records
• 2025-02-14 Pending — SCKMLS as Distributed by MLS Grid
• 2025-02-05 Listed $279,900 SCKMLS as Distributed by MLS Grid
• 2017-09-08 Sold (Public Records) — Public Records
• 2017-07-18 Listed $169,900 SCKMLS as Distributed by MLS Grid
• 2009-05-28 Sold (Public Records) — Public Records
• 2009-05-28 Sold (Public Records) — Public Records
• 2009-03-24 Listed $149,900 SCKMLS as Distributed by MLS Grid
• 2005-01-10 Listed $134,900 SCKMLS as Distributed by MLS Grid
• 2002-04-08 Listed $125,000 SCKMLS as Distributed by MLS Grid

Property tax history

+5.2%/yr

Latest (2025): $3,257 · +5.5% YoY. Source: county tax records.