600 S 3rd St · Bushton, KS 67427

$90,000

2 bd · 2.0 ba · 1,119 sqft · SingleFamily public records · 14 Days on market

Built 1950 10,454 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 +22.3/30.0
• Appreciation +7.7/10.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +5.8/10.0
• Schools +5.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• Plenty of storage
• Laundry area
• Full basement

Tags

• FULL BASEMENT
• EAT-IN KITCHEN
• PARTIALLY FINISHED FAMILY ROOM
• WALK-IN SHOWER
• LAUNDRY AREA
• PLENTY OF STORAGE

Property features AI

Exterior

• Parking: Two parking spaces total; Attached 1-car garage with garage door opener
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Frame construction with metal siding; Metal and shingle roof; Above-grade finished living area and finished lower level
• Exterior features: Paved road access; No fencing

Interior

• Kitchen: Electric range; Dishwasher; Refrigerator; Freezer
• Bedrooms: Two main-level bedrooms
• Flooring: Carpet; Laminate; Tile; Wood; Other
• Bathrooms: Two full bathrooms (one on the main level)
• Heating & cooling: Natural gas heating; Central air; Ceiling fans; Electric cooling
• Interior features: Washer; Dishwasher; Electric range; Refrigerator; Freezer; Gas water heater; Full basement
• Laundry & utility: Electric dryer hookup; Laundry on lower level; Washer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $148 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($974 rent vs $90k).

Location & tenants

• Location reads 59/100 on livability (#488 in KS) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, amenities F.
• Zoned schools: Central Plains Elementary School - Holyrood (math 57% / reading 62%, grade B-, #70 of 684 statewide, top 12%, 224 students, 46% FRL).
• Market conditions: 1 active listings in the ZIP; 13 units permitted in Rice County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($622 loan paydown + $5k appreciation (5.5% local appreciation)).
• Rice County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (5.5% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $39k; list at $90k implies a 131% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,000

Questions for the listing agent

1. Built in 1950 — 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. 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.
6. 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.
7. 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: 1.08% ✓
• Cap rate: 8.26%
• Cash-on-cash: 7.03%
• DSCR: 1.31
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.5% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.0%
• Equity multiple: 2.30×
• Total profit: $32,750
• Equity at exit: $53,754

10-year hold

• IRR: 19.6%
• Equity multiple: 4.56×
• Total profit: $89,781
• Equity at exit: $95,132

Cash invested: $25,200 (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 67427

• Home prices YoY: 4.6%
• Active inventory: 1
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $974 medium
• Mortgage (P&I): −$472
• Tax est. 1.5%: −$112 /mo · $1,350/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$205
• Net cashflow: $148

Break-even live

Break-even rent $787

Max offer price $90,000

Occupancy floor 80%

Sensitivity live

Price	-10% $210	-5% $179	+0% $148	+5% $117	+10% $85
Rent	-10% $71	-5% $109	+0% $148	+5% $186	+10% $225
Rate	-1.0pp $193	-0.5pp $171	base $148	+0.5pp $124	+1.0pp $101

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-12
   statusdays on market $90,000 Pending 14 DOM
2. 2026-06-09
   days on market $90,000 Active 12 DOM
3. 2026-06-08
   days on market $90,000 Active 11 DOM
4. 2026-06-07
   days on market $90,000 Active 10 DOM
5. 2026-06-05
   days on market $90,000 Active 8 DOM
6. 2026-06-04
   days on market $90,000 Active 6 DOM
7. 2026-06-02
   days on market $90,000 Active 5 DOM
8. 2026-06-01
   days on market $90,000 Active 4 DOM
9. 2026-05-31
   days on market $90,000 Active 3 DOM
10. 2026-05-31
    days on market $90,000 Active 2 DOM
11. 2026-05-28
    listed $90,000 Active
12. 2004-08-01
    soldstatus $39,000
13. 2000-06-01
    soldstatus $37,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,691
• − Mortgage interest: −$5,041
• − Property taxes: −$1,350
• − Insurance: −$450
• − Repairs & maintenance: −$935
• − Management: −$935
• − Depreciation: −$2,618
• Taxable income: $360
• Est. tax owed @ 24.0%: −$87
• After-tax cash flow: $1,685/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)

No district data.

Livability — Bushton

• Score: 59/100
• State rank: #488
• US rank: #20504

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bushton, KS
• Population (ZIP): 380

Population outlook (Rice County) Hauer SSP2

• Today (2025): 9,798 people
• By 2030: 9,694 · -1.1%
• By 2040: 9,507 · -3.0%
• By 2050: 9,457 · -3.5%
• By 2075: 9,487 · -3.2%
• By 2100: 9,144 · -6.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 17% Two or more races 15%
• Hispanic origin (detail): Mexican 6% Puerto Rican 4%
• Common ancestry: Danish 2% Lithuanian 2% Iranian 1%
• Languages at home: 94% English-only · Spanish 6%

Political lean MEDSL · Rice

• 2024 margin: Solid R (+56.7) · D 20.8% · R 77.5% · Other 1.7%
• 2008→2024 swing: -16.5pp toward R · 2008: -40.2pp · 2024: -56.7pp
• All cycles: 2024: R+56.7 2020: R+52.8 2016: R+55.6 2012: R+47.8 2008: R+40.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.50%
• Current HPI: 125.8582
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+140.0% since first listed

3 events — show timeline

• 2026-05-28 Listed $90,000 MKMLS as distributed by MLS GRID
• 2004-08-01 Sold (Public Records) $39,000 Public Records
• 2000-06-01 Sold (Public Records) $37,500 Public Records