709 S Lincoln Ave · Chanute, KS 66720

$140,000

4 bd · 1.5 ba · 1,882 sqft · SingleFamily public records · 7 Days on market

Built 1920 9,198 sqft lot Est $145k · at est.

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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 +15.9/30.0
• ARV discount +9.0/15.0
• DSCR +4.9/10.0
• 1% rule +4.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This unique home features 3 bedrooms 1.5 baths in the home with an attached multipurpose room, that can be used as an office, workout space, game room etc that has seperate heat and air and a half bath. An attached 2 stall garage has storage and workspace plus a floored attic for storage. There is a fenced in yard with a nice deck.

Key facts

• Covered front porch
• Eat-in-kitchen
• Formal dining room

Tags

• COVERED FRONT PORCH
• FORMAL DINING ROOM
• LARGE DEN
• EAT-IN-KITCHEN
• LAUNDRY ROOM
• EXTRA STORAGE

Property features AI

Finance

• Other: Lot roughly 63 x 146 feet (9,198 sq ft)
• HOA & community: Association fees charged annually

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Attached property; 2-story floor plan; Frontage and garage access on Santa Fe
• Construction: Frame construction; Composition roof; Crawl space foundation; Approximately 101+ years old
• Exterior features: Deck; Porch; Not in a flood plain

Interior

• Kitchen: Cooktop; Double oven; Microwave; Dishwasher; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 1 full bathroom; 2 half bathrooms
• Heating & cooling: Natural gas heating; Electric cooling
• Interior features: Formal dining area; Gas fireplace (1)
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $67 ($803/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (6.5% below list).
• Recommended offer: $131k (6.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#390 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: employment D, schools F, crime F.
• Chanute Public Schools (town): math 21% / reading 33% proficiency, ranked #130 of 169 in KS (top 77%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 21 active listings in the ZIP; 18 units permitted in Neosho County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Neosho County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 16y 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 $88k; list at $140k implies a 60% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• 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 $130,935 (6.5% below list)

Questions for the listing agent

1. Built in 1920 — 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 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?
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. 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?
6. 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.
7. 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.
8. 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: 0.94% ✗
• Cap rate: 6.87%
• Cash-on-cash: 2.05%
• DSCR: 1.09
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $144,914
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
709 S Lincoln N/A	0.00mi	3/2.0 (-1)	1,882 (0%)	17mo	$129,900	$69	79
216 S Highland Ave	0.37mi	3/1.5 (-1)	1,991 (+6%)	10mo	$160,000	$80	59
202 S Garfield Ave	0.50mi	3/2.0 (-1)	1,868 (-1%)	17mo	$175,000	$94	54
229 W 3rd St	0.38mi	4/2.0	1,643 (-13%)	8mo	$149,000	$91	53
323 W 6th St	0.34mi	4/2.0	2,158 (+15%)	10mo	$142,000	$66	50
417 W 5th St	0.44mi	3/2.0 (-1)	2,117 (+12%)	6mo	$159,500	$75	46
605 S Lafayette Ave	0.51mi	3/1.5 (-1)	1,657 (-12%)	15mo	$165,000	$100	39
602 E 15th St	0.68mi	3/1.5 (-1)	1,710 (-9%)	11mo	$117,000	$68	39
216 W 4th St	0.33mi	3/1.0 (-1)	1,623 (-14%)	22mo	$124,900	$77	36

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.0%
• Equity multiple: 0.53×
• Total profit: $-18,406
• Equity at exit: $20,874

10-year hold

• IRR: -4.0%
• Equity multiple: 0.73×
• Total profit: $-10,462
• Equity at exit: $12,105

Cash invested: $39,200 (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 66720

• Home prices YoY: -22.4%
• Active inventory: 21
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,309 medium
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,100/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $67

Break-even live

Break-even rent $1,225

Max offer price $140,000

Occupancy floor 90%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   days on market $140,000 Active 7 DOM
2. 2026-06-17
   days on market $140,000 Active 6 DOM
3. 2026-06-16
   days on market $140,000 Active 5 DOM
4. 2026-06-15
   days on market $140,000 Active 4 DOM
5. 2026-06-13
   days on market $140,000 Active 2 DOM
6. 2026-06-12
   listed $140,000 Active 1 DOM

ⓘ 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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥109°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,712
• − Mortgage interest: −$7,842
• − Property taxes: −$2,100
• − Insurance: −$700
• − Repairs & maintenance: −$1,257
• − Management: −$1,257
• − Depreciation: −$4,073
• Taxable loss: −$1,517
• Est. tax savings @ 24.0%: +$364
• After-tax cash flow: $1,167/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: Chanute Public Schools
• NCES district ID: 2004590
• Math proficiency: 21% ▼ -5.00%
• Reading proficiency: 33% ▼ -3.00%
• Median HH income: $39,444
• Composite: 22.66/100
• National rank: #8049
• State rank: #130 of 169 in KS

Livability — Chanute

• Score: 62/100
• State rank: #390
• US rank: #17122

Category grades

Amenities F 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: Chanute, KS
• City population: 10,913
• Population (ZIP): 10,913

Population outlook (Neosho County) Hauer SSP2

• Today (2025): 15,851 people
• By 2030: 15,452 · -2.5%
• By 2040: 14,642 · -7.6%
• By 2050: 13,836 · -12.7%
• By 2075: 11,782 · -25.7%
• By 2100: 9,024 · -43.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 7% Two or more races 5% Black 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 3% Iranian 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1% Tagalog/Filipino 1%

Political lean MEDSL · Neosho

• 2024 margin: Solid R (+48.1) · D 25.0% · R 73.1% · Other 1.9%
• 2008→2024 swing: -21.6pp toward R · 2008: -26.6pp · 2024: -48.1pp
• All cycles: 2024: R+48.1 2020: R+46.3 2016: R+46.8 2012: R+34.3 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.46%
• Current HPI: 185.585
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+86.7% since first listed

11 events — show timeline

• 2026-06-11 Listed $140,000 Heartland MLS as Distributed by MLS Grid
• 2025-01-27 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2024-12-13 Pending — Heartland MLS as Distributed by MLS Grid
• 2024-10-18 Price Changed $129,900 Heartland MLS as Distributed by MLS Grid
• 2024-07-16 Price Changed $139,900 Heartland MLS as Distributed by MLS Grid
• 2024-05-20 Listed $149,900 Heartland MLS as Distributed by MLS Grid
• 2011-08-23 Listing Removed — Heartland MLS as Distributed by MLS Grid
• 2010-02-23 Listed $103,900 Heartland MLS as Distributed by MLS Grid
• 2005-10-01 Sold (Public Records) $87,500 Public Records
• 2004-12-01 Sold (Public Records) $75,000 Public Records
• 1997-08-01 Sold (Public Records) $75,000 Public Records