922 S Garfield St · Junction City, KS 66441

$150,000

4 bd · 1.0 ba · 1,325 sqft · SingleFamily public records · 171 Days on market

Built 1957 9,400 sqft lot $113/sqft · 25% below area Est $199k · 25% under

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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 +21.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.7/10.0
• Rent growth +4.0/5.0
• Livability +3.3/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Motivated Seller, ideally situated for a growing family and just minutes from Elementary Schools, this 4-bedroom home offers space, comfort, and flexibility. The former garage has been thoughtfully converted into additional living space, complete with a wood-burning stove that creates a cozy atmosphere on chilly evenings. A conveniently located laundry room sits just off the family room, making everyday routines easy. Step outside to a generously sized backyard designed for entertaining, featuring a large concrete pad that offers endless possibilities, along with a handy storage shed. Make your move today! Sold As Is

Key facts

• Large concrete pad
• Laundry room
• Converted garage

Tags

• CONVERTED GARAGE
• WOOD BURNING STOVE
• LAUNDRY ROOM
• GENEROUSLY SIZED BACKYARD
• LARGE CONCRETE PAD
• STORAGE SHED

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

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: schools D+, crime F, amenities 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.
• Market conditions: Rents rising fast (+6.0%/yr); 260 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 $4k 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.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 171 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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 $104k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 171 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — 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 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?
6. 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?
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: 1.07% ✓
• Cap rate: 8.02%
• Cash-on-cash: 6.18%
• DSCR: 1.27
• GRM: 7.8

CMA / ARV

• ARV (median comp): $199,295
• List price: $150,000
• Delta: -24.73%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1200 Skyline Dr	0.40mi	3/2.0 (-1)	1,496 (+13%)	23mo	$164,900	$110	32

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 · 6.05% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.87×
• Total profit: $-5,413
• Equity at exit: $22,365

10-year hold

• IRR: 9.6%
• Equity multiple: 1.84×
• Total profit: $35,383
• Equity at exit: $12,969

Cash invested: $42,000 (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 66441

• Rents YoY: 6.0%
• Active inventory: 260
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,608 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$205 /mo · $2,462/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $216

Break-even live

Break-even rent $1,334

Max offer price $150,000

Occupancy floor 82%

Sensitivity live

Price	-10% $301	-5% $259	+0% $216	+5% $174	+10% $131
Rent	-10% $89	-5% $153	+0% $216	+5% $280	+10% $343
Rate	-1.0pp $292	-0.5pp $254	base $216	+0.5pp $177	+1.0pp $138

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $150,000 Active 171 DOM
2. 2026-06-18
   days on market $150,000 Active 170 DOM
3. 2026-06-17
   days on market $150,000 Active 169 DOM
4. 2026-06-16
   days on market $150,000 Active 168 DOM
5. 2026-06-15
   days on market $150,000 Active 167 DOM
6. 2026-06-14
   days on market $150,000 Active 165 DOM
7. 2026-06-13
   days on market $150,000 Active 164 DOM
8. 2026-06-10
   days on market $150,000 Active 162 DOM
9. 2026-06-09
   days on market $150,000 Active 161 DOM
10. 2026-06-08
    days on market $150,000 Active 160 DOM
11. 2026-06-07
    days on market $150,000 Active 159 DOM
12. 2026-06-02
    days on market $150,000 Active 154 DOM
13. 2026-06-01
    days on market $150,000 Active 153 DOM
14. 2026-05-31
    days on market $150,000 Active 152 DOM
15. 2026-05-30
    days on market $150,000 Active 151 DOM
16. 2026-04-27
    price $150,000 624-char remark

    Show marketing remark (624 chars)

    Motivated Seller, ideally situated for a growing family and just minutes from Elementary Schools, this 4-bedroom home offers space, comfort, and flexibility. The former garage has been thoughtfully converted into additional living space, complete with a wood-burning stove that creates a cozy atmosphere on chilly evenings. A conveniently located laundry room sits just off the family room, making everyday routines easy. Step outside to a generously sized backyard designed for entertaining, featuring a large concrete pad that offers endless possibilities, along with a handy storage shed. Make your move today! Sold As Is

17. 2025-12-30
    listed $155,000 Active 624-char remark

    Show marketing remark (624 chars)

    Motivated Seller, ideally situated for a growing family and just minutes from Elementary Schools, this 4-bedroom home offers space, comfort, and flexibility. The former garage has been thoughtfully converted into additional living space, complete with a wood-burning stove that creates a cozy atmosphere on chilly evenings. A conveniently located laundry room sits just off the family room, making everyday routines easy. Step outside to a generously sized backyard designed for entertaining, featuring a large concrete pad that offers endless possibilities, along with a handy storage shed. Make your move today! Sold As Is

18. 2025-09-09
    historical
19. 2025-08-06
    price $130,000
20. 2025-08-01
    price $139,000
21. 2025-06-19
    price $144,000
22. 2025-06-16
    listed $154,000 Active
23. 2021-05-26
    soldstatus
24. 2020-09-24
    listed $119,900
25. 2008-06-01
    soldstatus $103,900
26. 2006-04-01
    soldstatus $94,900

ⓘ 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: $2,462 · $205/mo
• Projected year-2 tax: $2,462 · $205/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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,299
• − Mortgage interest: −$8,402
• − Property taxes: −$2,462
• − Insurance: −$750
• − Repairs & maintenance: −$1,544
• − Management: −$1,544
• − Depreciation: −$4,364
• Taxable income: $233
• Est. tax owed @ 24.0%: −$56
• After-tax cash flow: $2,539/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

+58.1% since first listed

11 events — show timeline

• 2026-04-27 Price Changed $150,000 FHAOR as distributed by MLS GRID
• 2025-12-30 Listed $155,000 FHAOR as distributed by MLS GRID
• 2025-09-09 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2025-08-06 Price Changed $130,000 Heartland MLS as Distributed by MLS Grid
• 2025-08-01 Price Changed $139,000 Heartland MLS as Distributed by MLS Grid
• 2025-06-19 Price Changed $144,000 Heartland MLS as Distributed by MLS Grid
• 2025-06-16 Listed $154,000 Heartland MLS as Distributed by MLS Grid
• 2021-05-26 Sold (MLS) — FHAOR as distributed by MLS GRID
• 2020-09-24 Listed $119,900 FHAOR as distributed by MLS GRID
• 2008-06-01 Sold (Public Records) $103,900 Public Records
• 2006-04-01 Sold (Public Records) $94,900 Public Records

Property tax history

+1.9%/yr

Latest (2025): $2,462 · +2.4% YoY. Source: county tax records.