3033 SW Lydia Ave Unit 109 · Topeka, KS 66614

$55,000

1 bd · 1.0 ba · 714 sqft · SingleFamily public records · 7 Days on market

Built 1969 8.50 ac lot $181/mo HOA · 18% of rent

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +5.0/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Super Sharp ground level (no steps) 1 BR Condo with view & easy access to parking and pool. Big 15' long master bedroom with two walk-in closets & attached bath. Fresh, white & clean. All appliances stay. Furnace is in the ceiling in the smaller closet in the ceiling in the bedroom. The hot water heater is a shared system in the complex. A new roof was installed last year, according to the HOA.

Key facts

• Zero-entry access
• Community pool
• Newer carpet

Tags

• GROUND-FLOOR CONDO
• ZERO-ENTRY ACCESS
• COMMUNITY POOL
• ONSITE LAUNDRY-MAT
• NEWER CARPET
• HVAC SYSTEM

Property features AI

Finance

• Other: Above-grade finished area: 714
• HOA & community: Homeowners association with clubhouse and pool; Association fee $181 monthly (includes water, trash, snow removal)

Exterior

• Parking: Carport
• Utilities: Public water; Public sewer
• Home design: Condominium (residential)
• Exterior features: Pool (community); Subdivision: County Fair Estates; Directions: Gage, turn East on Lydia, wraps around to address

Interior

• Kitchen: Electric range; Dishwasher; Refrigerator; Gas water heater
• Flooring: Laminate; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning
• Interior features: Range hood; Laminate and carpet flooring

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($983 rent vs $55k).
• Cap rate 11.3% vs local median 4.3% in Topeka — 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 69/100 on livability (#195 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, commute F.
• Topeka Public Schools (urban): math 17% / reading 23% proficiency, ranked #158 of 169 in KS (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Jardine Elementary (math 18% / reading 24%, grade F, #583 of 684 statewide, top 85%, 743 students, 79% FRL); Jardine Middle School (math 13% / reading 23%, grade F, #164 of 219 statewide, top 76%, 542 students, 79% FRL); Topeka West High (math 13% / reading 20%, grade F, #244 of 327 statewide, top 75%, 1,085 students, 59% FRL) — zoned schools at 72% FRL track the district average.
• Market conditions: Rents rising fast (+9.9%/yr); 137 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 219 units permitted in Shawnee County in 2024 (25 in 5+ unit buildings).
• This rent is only 17% of the median local income ($71k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Shawnee County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $15k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 12y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $55,000

Questions for the listing agent

1. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.79% ✓
• Cap rate: 11.35%
• Cash-on-cash: 18.05%
• DSCR: 1.80
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 16.7%
• Equity multiple: 1.72×
• Total profit: $11,150
• Equity at exit: $8,201

10-year hold

• IRR: 29.3%
• Equity multiple: 4.43×
• Total profit: $52,813
• Equity at exit: $4,755

Cash invested: $15,400 (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 66614

• Rents YoY: 9.9%
• Active inventory: 137
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $983 high
• Mortgage (P&I): −$288
• Tax from tax record: −$52 /mo · $627/yr
• Insurance: −$23
• HOA: −$181
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $232

Break-even live

Break-even rent $689

Max offer price $55,000

Occupancy floor 71%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3211 SW Twilight Ct Topeka, KS	1.0–3.0	1.0–2.0	965	$860	$0.89	21d	6	0.12mi
3930 SW Twilight Dr Topeka, KS	1.0	1.0	730	$945	$1.29	21d	1	0.23mi
3304 SW 29th Ter Apt 3 Topeka, KS	1.0	1.0	567	$825	$1.46	21d	1	0.43mi
2220 SW 29th Ter #14 Topeka, KS	1.0	1.0	672	$695	$1.03	21d	1	1.10mi
3711 SW Park South Ct Topeka, KS	1.0	1.0	750	$619	$0.83	21d	1	1.48mi

HOA detail

• Monthly dues: $181 · $2,172/yr
• Likely covers: waterpool

Listing history 5 events

1. 2026-05-18
   status Pending
2. 2026-05-11
   listed $55,000 Active
3. 2014-12-02
   soldstatus
4. 2014-12-01
   soldstatus 416-char remark

   Show marketing remark (416 chars)

   Super Sharp ground level (no steps) 1 BR Condo with view & easy access to parking and pool. Big 15' long master bedroom with two walk-in closets & attached bath. Fresh, white & clean. All appliances stay. Furnace is in the ceiling in the smaller closet in the ceiling in the bedroom. The hot water heater is a shared system in the complex. A new roof was installed last year, according to the HOA.

5. 2014-07-22
   listed $33,900 416-char remark

   Show marketing remark (416 chars)

   Super Sharp ground level (no steps) 1 BR Condo with view & easy access to parking and pool. Big 15' long master bedroom with two walk-in closets & attached bath. Fresh, white & clean. All appliances stay. Furnace is in the ceiling in the smaller closet in the ceiling in the bedroom. The hot water heater is a shared system in the complex. A new roof was installed last year, according to the HOA.

ⓘ 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: $627 · $52/mo
• Projected year-2 tax: $776 · $65/mo
• Expected delta: +$148/yr (+$12/mo · 23.7%)

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,791
• − Mortgage interest: −$3,081
• − Property taxes: −$627
• − Insurance: −$275
• − Repairs & maintenance: −$943
• − Management: −$943
• − HOA: −$2,172
• − Depreciation: −$1,600
• Taxable income: $2,150
• Est. tax owed @ 24.0%: −$516
• After-tax cash flow: $2,264/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: Topeka Public Schools
• NCES district ID: 2012260
• Math proficiency: 17% ▼ -8.00%
• Reading proficiency: 23% ▼ -2.00%
• Median HH income: $37,405
• Composite: 16.69/100
• National rank: #9167
• State rank: #158 of 169 in KS

Livability — Topeka

• Score: 69/100
• State rank: #195
• US rank: #8848

Category grades

Amenities A- 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: Topeka, KS
• County: Shawnee County · 118,130 people
• City population: 118,130
• Metro: Topeka, KS
• Population (ZIP): 32,538
• Household income: $71,377
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 852.0

Population outlook (Shawnee County) Hauer SSP2

• Today (2025): 179,277 people
• By 2030: 177,762 · -0.8%
• By 2040: 172,341 · -3.9%
• By 2050: 166,330 · -7.2%
• By 2075: 152,417 · -15.0%
• By 2100: 134,782 · -24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 7% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Italian 3% Slovak 2% Romanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Shawnee

• 2024 margin: Toss-up / Even · D 49.3% · R 48.8% · Other 2.0%
• 2008→2024 swing: +0.8pp no change · 2008: -0.3pp · 2024: 0.5pp
• All cycles: 2024: D+0.5 2020: D+3.0 2016: R+2.8 2012: R+1.7 2008: R+0.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -160.56%
• Current HPI: 225.5592
• Rent YoY: ▲ 9.88%
• Metro: Topeka, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+62.2% since first listed

5 events — show timeline

• 2026-05-18 Pending — Sunflower MLS as distributed by MLS GRID
• 2026-05-11 Listed $55,000 Sunflower MLS as distributed by MLS GRID
• 2014-12-02 Sold (Public Records) — Public Records
• 2014-12-01 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2014-07-22 Listed $33,900 Sunflower MLS as distributed by MLS GRID

Property tax history

+1.8%/yr

Latest (2025): $627 · +4.8% YoY. Source: county tax records.