510 Pottawatomie St · Hiawatha, KS 66434

$65,000

2 bd · 1.0 ba · 745 sqft · SingleFamily public records · 28 Days on market

Built 1910 4,356 sqft lot Est $104k · 38% under

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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 +29.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.6/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 4,356 sq ft lot
• Garage
• Built 1910

Property features AI

Finance

• Other: Living area reported as 745 (source: public records); Property age reported as 101 years or more
• Financial info: Annual tax noted (information provided by listing)
• HOA & community: No association fees; No community-provided maintenance

Exterior

• Parking: Detached garage with garage door facing the front; 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Bungalow style; One story (main level living)
• Construction: Frame construction with shingle siding; Shake roof
• Exterior features: Lot approximately 4,356 square feet; Not in a flood plain

Interior

• Kitchen: Kitchen with linoleum flooring
• Bedrooms: 2 bedrooms on the main level
• Flooring: Carpet in living, dining, and bedrooms; Linoleum in kitchen and bathroom
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Electric heating; Window air conditioning units and electric cooling
• Interior features: Bungalow floor plan; Crawl space basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($817 rent vs $65k).
• Recommended offer: $64k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#90 in KS, #4,934 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: schools D, crime D-, commute F.
• Hiawatha (town): math 26% / reading 32% proficiency, ranked #112 of 169 in KS (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 32 active listings in the ZIP; 2 units permitted in Brown County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Brown County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $10k; list at $65k implies a 584% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $64,025 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — 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 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?
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: 1.26% ✓
• Cap rate: 10.67%
• Cash-on-cash: 15.65%
• DSCR: 1.70
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $104,300
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
404 Utah St	0.19mi	1/2.0 (-1)	790 (+6%)	11mo	$125,000	$158	63
107 Osage Ave	0.44mi	2/1.0	824 (+11%)	5mo	$94,500	$115	58
1111 Miami St	0.69mi	1/1.0 (-1)	810 (+9%)	1mo	$113,500	$140	48

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: 6.4%
• Equity multiple: 1.25×
• Total profit: $4,568
• Equity at exit: $9,692

10-year hold

• IRR: 15.8%
• Equity multiple: 2.28×
• Total profit: $23,387
• Equity at exit: $5,620

Cash invested: $18,200 (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 66434

• Home prices YoY: -19.1%
• Active inventory: 32
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $817 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$40 /mo · $485/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$172
• Net cashflow: $237

Break-even live

Break-even rent $517

Max offer price $65,000

Occupancy floor 66%

Sensitivity live

Price	-10% $274	-5% $256	+0% $237	+5% $219	+10% $200
Rent	-10% $173	-5% $205	+0% $237	+5% $270	+10% $302
Rate	-1.0pp $270	-0.5pp $254	base $237	+0.5pp $220	+1.0pp $203

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $65,000 Active 28 DOM
2. 2026-06-18
   days on market $65,000 Active 26 DOM
3. 2026-06-17
   days on market $65,000 Active 25 DOM
4. 2026-06-16
   days on market $65,000 Active 24 DOM
5. 2026-06-15
   days on market $65,000 Active 23 DOM
6. 2026-06-13
   days on market $65,000 Active 21 DOM
7. 2026-06-12
   days on market $65,000 Active 20 DOM
8. 2026-06-09
   days on market $65,000 Active 17 DOM
9. 2026-06-08
   days on market $65,000 Active 16 DOM
10. 2026-06-07
    days on market $65,000 Active 15 DOM
11. 2026-06-05
    days on market $65,000 Active 13 DOM
12. 2026-06-04
    days on market $65,000 Active 11 DOM
13. 2026-06-02
    days on market $65,000 Active 10 DOM
14. 2026-06-01
    days on market $65,000 Active 9 DOM
15. 2026-05-31
    days on market $65,000 Active 8 DOM
16. 2026-05-31
    days on market $65,000 Active 7 DOM
17. 2026-05-23
    listed $65,000 Active
18. 2022-01-31
    soldstatus
19. 2012-06-15
    soldstatus
20. 1995-10-01
    soldstatus $9,500
21. 1991-09-01
    soldstatus

ⓘ 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: $485 · $40/mo
• Projected year-2 tax: $916 · $76/mo
• Expected delta: +$431/yr (+$36/mo · 88.8%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥107°F today · 16 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: $9,808
• − Mortgage interest: −$3,641
• − Property taxes: −$485
• − Insurance: −$325
• − Repairs & maintenance: −$785
• − Management: −$785
• − Depreciation: −$1,891
• Taxable income: $1,896
• Est. tax owed @ 24.0%: −$455
• After-tax cash flow: $2,392/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: Hiawatha
• NCES district ID: 2000006
• Math proficiency: 26% ▼ -4.00%
• Reading proficiency: 32% ▼ -11.00%
• Median HH income: $41,098
• Composite: 24.5/100
• National rank: #7653
• State rank: #112 of 169 in KS

Livability — Hiawatha

• Score: 74/100
• State rank: #90
• US rank: #4934

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hiawatha, KS
• Population (ZIP): 4,738

Population outlook (Brown County) Hauer SSP2

• Today (2025): 9,357 people
• By 2030: 9,119 · -2.5%
• By 2040: 8,629 · -7.8%
• By 2050: 8,188 · -12.5%
• By 2075: 7,138 · -23.7%
• By 2100: 5,586 · -40.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 5% Hispanic / Latino 2% Native American 2% Black 2%
• Common ancestry: Romanian 3% Iranian 3% Slovak 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Brown

• 2024 margin: Solid R (+47.9) · D 25.0% · R 73.0% · Other 2.0%
• 2008→2024 swing: -9.8pp toward R · 2008: -38.1pp · 2024: -47.9pp
• All cycles: 2024: R+47.9 2020: R+48.2 2016: R+50.8 2012: R+44.0 2008: R+38.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.16%
• Current HPI: 233.9129
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+584.2% since first listed

5 events — show timeline

• 2026-05-23 Listed $65,000 Heartland MLS as Distributed by MLS Grid
• 2022-01-31 Sold (Public Records) — Public Records
• 2012-06-15 Sold (Public Records) — Public Records
• 1995-10-01 Sold (Public Records) $9,500 Public Records
• 1991-09-01 Sold (Public Records) — Public Records

Property tax history

+4.8%/yr

Latest (2025): $485 · +9.8% YoY. Source: county tax records.