240 E Park Dr · Auburn, KS 66402

$225,000

3 bd · 3.0 ba · 1,435 sqft · SingleFamily public records · 15 Days on market

Built 1998 9,583 sqft lot

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Why this score? — see what drove the C- 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 +19.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• 1% rule +5.2/10.0
• Livability +3.7/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this inviting 3 bed, 3 bath Auburn home featuring vaulted ceilings with beautiful beams that were recently installed. The home boasts new paint throughout, a water softener, and updated bathrooms. The extra-large 2-car garage allows plenty of space for storage, or a workshop. The basement comes equipped with built-in cabinets and a kegerator for your enjoyment. Outside, the large fenced backyard and spacious patio offer a perfect outdoor oasis. Make sure to see this exceptional property!

Key facts

• 9,583 sq ft lot
• 2 garage spots
• Built 1998

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence
• Construction: Composition roof
• Exterior features: Fenced yard; 78 x 124 lot dimensions

Interior

• Kitchen: Dishwasher
• Bathrooms: Three full bathrooms
• Heating & cooling: Central air conditioning
• Interior features: Dishwasher; Gas water heater; Finished daylight basement with concrete floor
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $248 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $225k).
• Recommended offer: $222k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#97 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Auburn Washburn (rural): math 34% / reading 42% proficiency, ranked #29 of 169 in KS (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Auburn Elementary (math 34% / reading 47%, grade F, #309 of 684 statewide, top 45%, 377 students, 34% FRL); Washburn Rural Middle School (math 28% / reading 31%, grade F, #72 of 219 statewide, top 38%, 943 students, 36% FRL); Washburn Rural High (math 25% / reading 30%, grade F, #83 of 327 statewide, top 25%, 1,884 students, 31% FRL).
• Market conditions: 16 active listings in the ZIP; 219 units permitted in Shawnee County in 2024 (25 in 5+ unit buildings).

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.
• Shawnee County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 4 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: major wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $221,625 (1.5% below list)

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. 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.
3. 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.
4. 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: 1.02% ✓
• Cap rate: 7.61%
• Cash-on-cash: 4.72%
• DSCR: 1.21
• GRM: 8.2

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: -8.9%
• Equity multiple: 0.67×
• Total profit: $-20,648
• Equity at exit: $33,548

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $2,489
• Equity at exit: $19,454

Cash invested: $63,000 (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 66402

• Home prices YoY: -7.4%
• Active inventory: 16
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,292 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$289 /mo · $3,469/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $248

Break-even live

Break-even rent $1,978

Max offer price $225,000

Occupancy floor 84%

Sensitivity live

Price	-10% $375	-5% $311	+0% $248	+5% $184	+10% $120
Rent	-10% $67	-5% $157	+0% $248	+5% $338	+10% $429
Rate	-1.0pp $361	-0.5pp $305	base $248	+0.5pp $189	+1.0pp $130

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $225,000 Active 15 DOM
2. 2026-06-18
   days on market $225,000 Active 14 DOM
3. 2026-06-17
   days on market $225,000 Active 13 DOM
4. 2026-06-16
   days on market $225,000 Active 12 DOM
5. 2026-06-15
   days on market $225,000 Active 11 DOM
6. 2026-06-14
   days on market $225,000 Active 9 DOM
7. 2026-06-13
   statusdays on market $225,000 Active 8 DOM
8. 2026-06-03
   status $225,000 Pending 6 DOM
9. 2026-06-02
   days on market $225,000 Active 6 DOM
10. 2026-06-01
    days on market $225,000 Active 5 DOM
11. 2026-05-31
    days on market $225,000 Active 4 DOM
12. 2026-05-30
    days on market $225,000 Active 3 DOM
13. 2026-05-28
    listed $225,000 Active
14. 2024-05-07
    soldstatus
15. 2024-05-06
    soldstatus Closed 501-char remark

    Show marketing remark (501 chars)

    Discover this inviting 3 bed, 3 bath Auburn home featuring vaulted ceilings with beautiful beams that were recently installed. The home boasts new paint throughout, a water softener, and updated bathrooms. The extra-large 2-car garage allows plenty of space for storage, or a workshop. The basement comes equipped with built-in cabinets and a kegerator for your enjoyment. Outside, the large fenced backyard and spacious patio offer a perfect outdoor oasis. Make sure to see this exceptional property!

16. 2024-03-22
    status Pending 501-char remark

    Show marketing remark (501 chars)

    Discover this inviting 3 bed, 3 bath Auburn home featuring vaulted ceilings with beautiful beams that were recently installed. The home boasts new paint throughout, a water softener, and updated bathrooms. The extra-large 2-car garage allows plenty of space for storage, or a workshop. The basement comes equipped with built-in cabinets and a kegerator for your enjoyment. Outside, the large fenced backyard and spacious patio offer a perfect outdoor oasis. Make sure to see this exceptional property!

17. 2024-03-21
    listed $200,000 Active 501-char remark

    Show marketing remark (501 chars)

    Discover this inviting 3 bed, 3 bath Auburn home featuring vaulted ceilings with beautiful beams that were recently installed. The home boasts new paint throughout, a water softener, and updated bathrooms. The extra-large 2-car garage allows plenty of space for storage, or a workshop. The basement comes equipped with built-in cabinets and a kegerator for your enjoyment. Outside, the large fenced backyard and spacious patio offer a perfect outdoor oasis. Make sure to see this exceptional property!

18. 2022-03-08
    soldstatus 698-char remark

    Show marketing remark (698 chars)

    Awesome home in Auburn just waiting for you! New carpet throughout upper area & stairs, new vinyl flooring throughout, New paint throughout upper area & stairs too! Fantastic open feel w/ huge vaulted ceilings make the central living area light, bright and spacious! Gorgeous built-in cabinetry in the basement rec room increases storage space and the extra deep garage allows for storage or workshop space. You won't want to miss this 3 bdrm, 3 bth, 2 car garage home for the fantastic space inside, but you'll also love the outside! Large fenced yard including a massive patio, raised garden beds and a play area! This is definitely a must see as pics just don't do this home justice!

19. 2022-03-08
    soldstatus

    Show marketing remark (698 chars)

    Awesome home in Auburn just waiting for you! New carpet throughout upper area & stairs, new vinyl flooring throughout, New paint throughout upper area & stairs too! Fantastic open feel w/ huge vaulted ceilings make the central living area light, bright and spacious! Gorgeous built-in cabinetry in the basement rec room increases storage space and the extra deep garage allows for storage or workshop space. You won't want to miss this 3 bdrm, 3 bth, 2 car garage home for the fantastic space inside, but you'll also love the outside! Large fenced yard including a massive patio, raised garden beds and a play area! This is definitely a must see as pics just don't do this home justice!

20. 2022-02-04
    listed $189,960 698-char remark

    Show marketing remark (698 chars)

    Awesome home in Auburn just waiting for you! New carpet throughout upper area & stairs, new vinyl flooring throughout, New paint throughout upper area & stairs too! Fantastic open feel w/ huge vaulted ceilings make the central living area light, bright and spacious! Gorgeous built-in cabinetry in the basement rec room increases storage space and the extra deep garage allows for storage or workshop space. You won't want to miss this 3 bdrm, 3 bth, 2 car garage home for the fantastic space inside, but you'll also love the outside! Large fenced yard including a massive patio, raised garden beds and a play area! This is definitely a must see as pics just don't do this home justice!

21. 2017-01-06
    soldstatus
22. 2017-01-06
    soldstatus
23. 2016-10-17
    listed $124,900

ⓘ 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: $3,469 · $289/mo
• Projected year-2 tax: $3,469 · $289/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 6/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,499
• − Mortgage interest: −$12,603
• − Property taxes: −$3,469
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,200
• − Management: −$2,200
• − Depreciation: −$6,545
• Taxable loss: −$643
• Est. tax savings @ 24.0%: +$154
• After-tax cash flow: $3,126/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: Auburn Washburn
• NCES district ID: 2003200
• Math proficiency: 34% ▼ -8.00%
• Reading proficiency: 42% ▼ -5.00%
• Median HH income: $71,903
• Composite: 34.91/100
• National rank: #5073
• State rank: #29 of 169 in KS

Livability — Auburn

• Score: 73/100
• State rank: #97
• US rank: #5594

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Auburn, KS
• Population (ZIP): 3,044

Population outlook (Shawnee County) Hauer SSP2

• Today (2025): 179,277 people
• By 2030: 177,762 · -0.8%
• By 2040: 172,341 · -3.9%
• By 2050: 166,330 · -7.2%
• By 2075: 152,417 · -15.0%
• By 2100: 134,782 · -24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Two or more races 17% Hispanic / Latino 15%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Shawnee

• 2024 margin: Toss-up / Even · D 49.3% · R 48.8% · Other 2.0%
• 2008→2024 swing: +0.8pp no change · 2008: -0.3pp · 2024: 0.5pp
• All cycles: 2024: D+0.5 2020: D+3.0 2016: R+2.8 2012: R+1.7 2008: R+0.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -19.49%
• Current HPI: 243.7226
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+80.1% since first listed

11 events — show timeline

• 2026-05-28 Listed $225,000 Sunflower MLS as distributed by MLS GRID
• 2024-05-07 Sold (Public Records) — Public Records
• 2024-05-06 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2024-03-22 Pending — Sunflower MLS as distributed by MLS GRID
• 2024-03-21 Listed $200,000 Sunflower MLS as distributed by MLS GRID
• 2022-03-08 Sold (Public Records) — Public Records
• 2022-03-08 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2022-02-04 Listed $189,960 Sunflower MLS as distributed by MLS GRID
• 2017-01-06 Sold (Public Records) — Public Records
• 2017-01-06 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2016-10-17 Listed $124,900 Sunflower MLS as distributed by MLS GRID

Property tax history

+5.4%/yr

Latest (2025): $3,469 · +0.5% YoY. Source: county tax records.