219 S Madison Ave · Anthony, KS 67003

$49,000

3 bd · 1.0 ba · 978 sqft · SingleFamily public records · 78 Days on market

Built 1956 6,969 sqft lot

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Why this score? — see what drove the B+ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

PRICE IS RIGHT on this Home. It is a3 Bedroom, 1 Bath Ranch Style Home with a 1 car Detached Garage. This home just needs a little TLC to make it fit your needs or would make a great rental. Located only a few blocks from the Elementary School.

Key facts

• 6,969 sq ft lot
• Garage
• Built 1956

Property features AI

Exterior

• Parking: 1-car garage
• Utilities: Sewer available; Natural gas available; Public water
• Home design: Single-family onsite built
• Construction: No basement
• Exterior features: One story; Composition roof

Interior

• Kitchen: Dishwasher; Refrigerator; Range
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Dishwasher; Refrigerator; Range
• Laundry & utility: Laundry on main floor

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $49k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($947 rent vs $49k).
• Recommended offer: $46k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#228 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, amenities F, commute F.
• Chaparral Schools (rural): math 29% / reading 29% proficiency, ranked #110 of 169 in KS (top 65%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Anthony Elem (math 42% / reading 42%, grade F, #273 of 684 statewide, top 45%, 210 students, 71% FRL); Chaparral Jr/Sr High (math 12% / reading 17%, grade F, #267 of 327 statewide, top 84%, 350 students, 64% FRL) — zoned schools average 68% FRL vs 52% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 16 active listings in the ZIP; 6 units permitted in Harper County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($339 loan paydown + $2k appreciation (3.8% local appreciation)).
• Harper County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.8% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($46k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y 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 $15k; list at $49k implies a 227% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $46,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is D 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?
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: 1.93% ✓
• Cap rate: 16.53%
• Cash-on-cash: 36.57%
• DSCR: 2.63
• GRM: 4.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.84% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 43.4%
• Equity multiple: 3.53×
• Total profit: $34,746
• Equity at exit: $24,378

10-year hold

• IRR: 42.5%
• Equity multiple: 7.11×
• Total profit: $83,762
• Equity at exit: $39,505

Cash invested: $13,720 (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 67003

• Home prices YoY: 2.4%
• Active inventory: 16
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $947 medium
• Mortgage (P&I): −$257
• Tax from tax record: −$53 /mo · $632/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$199
• Net cashflow: $418

Break-even live

Break-even rent $418

Max offer price $49,000

Occupancy floor 51%

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: $12,250
• Closing costs: $1,470
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-02
   days on market $49,000 Active 78 DOM
2. 2026-06-01
   days on market $49,000 Active 77 DOM
3. 2026-05-31
   days on market $49,000 Active 76 DOM
4. 2026-05-31
   days on market $49,000 Active 75 DOM
5. 2026-03-16
   listed $49,000 Active
6. 2021-08-26
   soldstatus 244-char remark

   Show marketing remark (244 chars)

   PRICE IS RIGHT on this Home. It is a3 Bedroom, 1 Bath Ranch Style Home with a 1 car Detached Garage. This home just needs a little TLC to make it fit your needs or would make a great rental. Located only a few blocks from the Elementary School.

7. 2020-11-17
   listed $28,000 244-char remark

   Show marketing remark (244 chars)

   PRICE IS RIGHT on this Home. It is a3 Bedroom, 1 Bath Ranch Style Home with a 1 car Detached Garage. This home just needs a little TLC to make it fit your needs or would make a great rental. Located only a few blocks from the Elementary School.

8. 2020-08-26
   listed $28,000
9. 2012-03-19
   historical
10. 2012-02-28
    listed $39,900
11. 2006-10-01
    soldstatus $15,000

ⓘ 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: $632 · $53/mo
• Projected year-2 tax: $691 · $58/mo
• Expected delta: +$59/yr (+$5/mo · 9.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 5/10 Major 6 d/yr ≥107°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,364
• − Mortgage interest: −$2,745
• − Property taxes: −$632
• − Insurance: −$245
• − Repairs & maintenance: −$909
• − Management: −$909
• − Depreciation: −$1,425
• Taxable income: $4,499
• Est. tax owed @ 24.0%: −$1,080
• After-tax cash flow: $3,938/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: Chaparral Schools
• NCES district ID: 2003390
• Math proficiency: 29% ▼ -2.00%
• Reading proficiency: 29% ▼ -3.00%
• Median HH income: $42,329
• Composite: 24.65/100
• National rank: #7624
• State rank: #110 of 169 in KS

Livability — Anthony

• Score: 68/100
• State rank: #228
• US rank: #10031

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anthony, KS
• Population (ZIP): 2,529

Population outlook (Harper County) Hauer SSP2

• Today (2025): 5,360 people
• By 2030: 5,133 · -4.2%
• By 2040: 4,802 · -10.4%
• By 2050: 4,589 · -14.4%
• By 2075: 4,239 · -20.9%
• By 2100: 3,881 · -27.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 6% Two or more races 4% Black 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 3% Slovak 1% Iranian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Harper

• 2024 margin: Solid R (+64.0) · D 17.1% · R 81.1% · Other 1.8%
• 2008→2024 swing: -18.8pp toward R · 2008: -45.2pp · 2024: -64.0pp
• All cycles: 2024: R+64.0 2020: R+63.8 2016: R+62.2 2012: R+50.8 2008: R+45.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.84%
• Current HPI: 167.175
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+226.7% since first listed

7 events — show timeline

• 2026-03-16 Listed $49,000 SCKMLS as Distributed by MLS Grid
• 2021-08-26 Sold (MLS) — MKMLS as distributed by MLS GRID
• 2020-11-17 Listed $28,000 MKMLS as distributed by MLS GRID
• 2020-08-26 Listed $28,000 SCKMLS as Distributed by MLS Grid
• 2012-03-19 Listing Removed — SCKMLS as Distributed by MLS Grid
• 2012-02-28 Listed $39,900 SCKMLS as Distributed by MLS Grid
• 2006-10-01 Sold (Public Records) $15,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $632 · +2.0% YoY. Source: county tax records.