321 Holiday Dr · Lansing, KS 66043

$207,000

3 bd · 1.5 ba · 900 sqft · SingleFamily public records · 10 Days on market

Built 1965 8,784 sqft lot Est $205k · 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 +14.8/30.0
• ARV discount +7.1/15.0
• DSCR +4.5/10.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BEAUTIFULLY UPDATED!!! LIKE NEW! This one will go fast! Newer vinyl windows, all new flooring, new paint inside and out, new SS appliances, NEW washer & dryer included, brand new kitchen cabinets, new granite countertops and backsplash, updated bathrooms, and newer roof! Single stall garage is full depth of the house! Has a big flat backyard! This house is located on a nice quiet street. Home is move in ready and able to do a quick closing!

Key facts

• 8,784 sq ft lot
• Garage
• Built 1965

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $207k.

Deal economics

• At list price, monthly cash flow is $58 ($697/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 $185k (10.8% below list).
• Recommended offer: $185k (10.8% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.5% in Lansing — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 76/100 on livability (#52 in KS, #3,637 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• Lansing (town): math 32% / reading 45% proficiency, ranked #25 of 169 in KS (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lansing Elementary School (math 42% / reading 37%, grade F, #321 of 684 statewide, top 52%, 762 students, 40% FRL); Lansing Middle 6-8 (math 29% / reading 46%, grade F, #35 of 219 statewide, top 16%, 635 students, 33% FRL); Lansing High 9-12 (math 23% / reading 36%, grade F, #60 of 327 statewide, top 24%, 870 students, 25% FRL).
• Market conditions: 53 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 347 units permitted in Leavenworth County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Leavenworth County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 19y 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 $54k; list at $207k implies a 280% gain — meaningful room to come down on a strong offer.

Recommended offer $184,722 (10.8% below list)

Questions for the listing agent

1. Built in 1965 — 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. 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?
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: 0.89% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.20%
• DSCR: 1.05
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $205,200
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
321 Holiday Dr	0.00mi	3/1.5	907 (+1%)	1mo	$207,000	$228	98
102 Woodland Rd	0.39mi	2/1.0 (-1)	816 (-9%)	23mo	$170,000	$208	40

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: -14.4%
• Equity multiple: 0.49×
• Total profit: $-29,836
• Equity at exit: $30,864

10-year hold

• IRR: -5.6%
• Equity multiple: 0.63×
• Total profit: $-21,179
• Equity at exit: $17,898

Cash invested: $57,960 (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 66043

• Home prices YoY: -17.8%
• Active inventory: 53
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,847 medium
• Mortgage (P&I): −$1,086
• Tax from tax record: −$229 /mo · $2,754/yr
• Insurance: −$86
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $58

Break-even live

Break-even rent $1,774

Max offer price $207,000

Occupancy floor 92%

Sensitivity live

Price	-10% $175	-5% $117	+0% $58	+5% $-1	+10% $-59
Rent	-10% $-88	-5% $-15	+0% $58	+5% $131	+10% $204
Rate	-1.0pp $162	-0.5pp $111	base $58	+0.5pp $4	+1.0pp $-50

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: $51,750
• Closing costs: $6,210
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1215 N 7th St Unit B Lansing, KS	2.0	1.0	720	$1,200	$1.67	25d	1	1.04mi

Listing history 25 events

1. 2026-04-22
   status Pending
2. 2026-04-13
   listed $207,000 Active
3. 2026-04-10
   historical $207,000
4. 2020-01-24
   soldstatus
5. 2020-01-22
   soldstatus Sold 451-char remark

   Show marketing remark (451 chars)

   BEAUTIFULLY UPDATED!!! LIKE NEW! This one will go fast! Newer vinyl windows, all new flooring, new paint inside and out, new SS appliances, NEW washer & dryer included, brand new kitchen cabinets, new granite countertops and backsplash, updated bathrooms, and newer roof! Single stall garage is full depth of the house! Has a big flat backyard! This house is located on a nice quiet street. Home is move in ready and able to do a quick closing!

6. 2019-12-09
   status Pending 451-char remark

   Show marketing remark (451 chars)

   BEAUTIFULLY UPDATED!!! LIKE NEW! This one will go fast! Newer vinyl windows, all new flooring, new paint inside and out, new SS appliances, NEW washer & dryer included, brand new kitchen cabinets, new granite countertops and backsplash, updated bathrooms, and newer roof! Single stall garage is full depth of the house! Has a big flat backyard! This house is located on a nice quiet street. Home is move in ready and able to do a quick closing!

7. 2019-12-07
   listed $129,000 Active 451-char remark

   Show marketing remark (451 chars)

   BEAUTIFULLY UPDATED!!! LIKE NEW! This one will go fast! Newer vinyl windows, all new flooring, new paint inside and out, new SS appliances, NEW washer & dryer included, brand new kitchen cabinets, new granite countertops and backsplash, updated bathrooms, and newer roof! Single stall garage is full depth of the house! Has a big flat backyard! This house is located on a nice quiet street. Home is move in ready and able to do a quick closing!

8. 2019-09-23
   soldstatus Sold 301-char remark

   Show marketing remark (301 chars)

   Nice Home with Great Potential. Nice Sized Yard, Garage and Tile Flooring. Square Footage per FHA Appraisal. Sign in using the sheet on counter. Buyer Must Have a Mortgage Commitment or proof of cash before bidding. The buyer may not occupy or make changes or repairs to the property prior to closing.

9. 2019-08-27
   status Pending 301-char remark

   Show marketing remark (301 chars)

   Nice Home with Great Potential. Nice Sized Yard, Garage and Tile Flooring. Square Footage per FHA Appraisal. Sign in using the sheet on counter. Buyer Must Have a Mortgage Commitment or proof of cash before bidding. The buyer may not occupy or make changes or repairs to the property prior to closing.

10. 2019-08-11
    status Active 301-char remark

    Show marketing remark (301 chars)

    Nice Home with Great Potential. Nice Sized Yard, Garage and Tile Flooring. Square Footage per FHA Appraisal. Sign in using the sheet on counter. Buyer Must Have a Mortgage Commitment or proof of cash before bidding. The buyer may not occupy or make changes or repairs to the property prior to closing.

11. 2019-08-03
    status Pending 301-char remark

    Show marketing remark (301 chars)

    Nice Home with Great Potential. Nice Sized Yard, Garage and Tile Flooring. Square Footage per FHA Appraisal. Sign in using the sheet on counter. Buyer Must Have a Mortgage Commitment or proof of cash before bidding. The buyer may not occupy or make changes or repairs to the property prior to closing.

12. 2019-07-12
    price $68,400 301-char remark

    Show marketing remark (301 chars)

    Nice Home with Great Potential. Nice Sized Yard, Garage and Tile Flooring. Square Footage per FHA Appraisal. Sign in using the sheet on counter. Buyer Must Have a Mortgage Commitment or proof of cash before bidding. The buyer may not occupy or make changes or repairs to the property prior to closing.

13. 2019-05-28
    listed $76,000 Active 301-char remark

    Show marketing remark (301 chars)

    Nice Home with Great Potential. Nice Sized Yard, Garage and Tile Flooring. Square Footage per FHA Appraisal. Sign in using the sheet on counter. Buyer Must Have a Mortgage Commitment or proof of cash before bidding. The buyer may not occupy or make changes or repairs to the property prior to closing.

14. 2009-09-01
    soldstatus
15. 2009-09-01
    soldstatus
16. 2009-05-15
    soldstatus
17. 2009-04-08
    listed $89,900
18. 2009-01-06
    soldstatus
19. 2008-11-12
    listed $47,900
20. 2007-12-21
    listed $99,500
21. 2007-05-22
    soldstatus
22. 2007-05-22
    soldstatus
23. 2007-03-26
    listed $99,800
24. 1996-09-01
    soldstatus $54,500
25. 1996-07-01
    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: $2,754 · $229/mo
• Projected year-2 tax: $2,919 · $243/mo
• Expected delta: +$165/yr (+$14/mo · 6.0%)

ⓘ 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 · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,167
• − Mortgage interest: −$11,595
• − Property taxes: −$2,754
• − Insurance: −$1,035
• − Repairs & maintenance: −$1,773
• − Management: −$1,773
• − Depreciation: −$6,022
• Taxable loss: −$2,786
• Est. tax savings @ 24.0%: +$669
• After-tax cash flow: $1,365/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: Lansing
• NCES district ID: 2008340
• Math proficiency: 32% ▼ -3.00%
• Reading proficiency: 45% ▲ 1.00%
• Median HH income: $82,125
• Composite: 36.27/100
• National rank: #4703
• State rank: #25 of 169 in KS

Livability — Lansing

• Score: 76/100
• State rank: #52
• US rank: #3637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansing, KS
• County: Leavenworth County · 57,713 people
• City population: 11,056
• Metro: Kansas City, MO-KS
• Population (ZIP): 11,056
• Household income: $103,060
• Rent vs Own: 21.7% rent · 78.3% own
• Severe rent burden: 154.0

Population outlook (Leavenworth County) Hauer SSP2

• Today (2025): 85,138 people
• By 2030: 87,518 · +2.8%
• By 2040: 91,715 · +7.7%
• By 2050: 95,304 · +11.9%
• By 2075: 103,750 · +21.9%
• By 2100: 101,230 · +18.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 13% Two or more races 11% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Leavenworth

• 2024 margin: Strong R (+22.8) · D 37.6% · R 60.4% · Other 2.1%
• 2008→2024 swing: -11.2pp toward R · 2008: -11.6pp · 2024: -22.8pp
• All cycles: 2024: R+22.8 2020: R+21.1 2016: R+24.7 2012: R+20.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.88%
• Current HPI: 192.7951
• Rent YoY: —
• Metro: Kansas City, MO-KS
• State GDP YoY: —
• F500 in state: 0

Price history

+279.8% since first listed

25 events — show timeline

• 2026-04-22 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-04-13 Listed $207,000 Heartland MLS as Distributed by MLS Grid
• 2026-04-10 Coming Soon $207,000 Heartland MLS as Distributed by MLS Grid
• 2020-01-24 Sold (Public Records) — Public Records
• 2020-01-22 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2019-12-09 Pending — Heartland MLS as Distributed by MLS Grid
• 2019-12-07 Listed $129,000 Heartland MLS as Distributed by MLS Grid
• 2019-09-23 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2019-08-27 Pending — Heartland MLS as Distributed by MLS Grid
• 2019-08-11 Relisted — Heartland MLS as Distributed by MLS Grid
• 2019-08-03 Pending — Heartland MLS as Distributed by MLS Grid
• 2019-07-12 Price Changed $68,400 Heartland MLS as Distributed by MLS Grid
• 2019-05-28 Listed $76,000 Heartland MLS as Distributed by MLS Grid
• 2009-09-01 Sold (Public Records) — Public Records
• 2009-09-01 Sold (Public Records) — Public Records
• 2009-05-15 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2009-04-08 Listed $89,900 Heartland MLS as Distributed by MLS Grid
• 2009-01-06 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2008-11-12 Listed $47,900 Heartland MLS as Distributed by MLS Grid
• 2007-12-21 Listed $99,500 Heartland MLS as Distributed by MLS Grid
• 2007-05-22 Sold (Public Records) — Public Records
• 2007-05-22 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2007-03-26 Listed $99,800 Heartland MLS as Distributed by MLS Grid
• 1996-09-01 Sold (Public Records) $54,500 Public Records
• 1996-07-01 Sold (Public Records) — Public Records

Property tax history

+12.8%/yr

Latest (2025): $2,754 · +7.3% YoY. Source: county tax records.