215 N Lincoln St · Bennington, KS 67422

$40,000

3 bd · 1.0 ba · 1,216 sqft · SingleFamily public records · 17 Days on market

Built 1900 10,454 sqft lot

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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
• Appreciation +7.8/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• Play area
• Alley access
• Backyard

Tags

• BACKYARD
• PLAY AREA
• STORAGE SHED
• ALLEY ACCESS
• OUTDOOR ACTIVITIES

Property features AI

Exterior

• Utilities: Public sewer available
• Home design: Single-family onsite built
• Construction: No basement; No foundation details provided
• Exterior features: Two levels; Composition roof

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Propane heating
• Interior features: No appliances included; Laundry on the main floor
• Laundry & utility: Main-floor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $585 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#193 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: health & safety D+, amenities F, commute F.
• Twin Valley (rural): math 33% / reading 39% proficiency, ranked #53 of 169 in KS (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bennington Junior High/High School (math 22% / reading 32%, grade F, #85 of 327 statewide, top 29%, 205 students, 45% FRL).
• Market conditions: 15 active listings in the ZIP; 12 units permitted in Ottawa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($277 loan paydown + $2k appreciation (5.7% local appreciation)).
• Ottawa County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.7% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 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 $31k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,400 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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. 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.
5. 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.
6. 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: 2.73% ✓
• Cap rate: 23.85%
• Cash-on-cash: 62.70%
• DSCR: 3.79
• GRM: 3.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.69% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 70.2%
• Equity multiple: 5.30×
• Total profit: $48,111
• Equity at exit: $24,375

10-year hold

• IRR: 67.5%
• Equity multiple: 11.05×
• Total profit: $112,571
• Equity at exit: $43,552

Cash invested: $11,200 (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 67422

• Home prices YoY: 2.9%
• Active inventory: 15
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,091 medium
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $585

Break-even live

Break-even rent $350

Max offer price $40,000

Occupancy floor 41%

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-23
   status Pending
2. 2026-05-05
   listed $40,000 Active
3. 2022-05-02
   listed $94,500
4. 2010-06-08
   listed $29,900
5. 2002-03-13
   soldstatus
6. 1993-02-01
   soldstatus $31,000
7. 1985-08-01
   soldstatus $9,000

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 15 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: $13,088
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$200
• − Repairs & maintenance: −$1,047
• − Management: −$1,047
• − Depreciation: −$1,164
• Taxable income: $6,789
• Est. tax owed @ 24.0%: −$1,629
• After-tax cash flow: $5,393/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: Twin Valley
• NCES district ID: 2003960
• Math proficiency: 33% ▲ 1.00%
• Reading proficiency: 39% ▲ 4.00%
• Median HH income: $52,509
• Composite: 31.4/100
• National rank: #5991
• State rank: #53 of 169 in KS

Livability — Bennington

• Score: 69/100
• State rank: #193
• US rank: #8697

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bennington, KS
• Population (ZIP): 1,419

Population outlook (Ottawa County) Hauer SSP2

• Today (2025): 5,796 people
• By 2030: 5,660 · -2.3%
• By 2040: 5,366 · -7.4%
• By 2050: 5,017 · -13.4%
• By 2075: 4,494 · -22.5%
• By 2100: 3,766 · -35.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99%
• Common ancestry: Norwegian 3% Lithuanian 2% Serbian 2%
• Foreign-born: 0% · Canada
• Languages at home: 97% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Ottawa

• 2024 margin: Solid R (+66.6) · D 15.8% · R 82.4% · Other 1.7%
• 2008→2024 swing: -14.1pp toward R · 2008: -52.5pp · 2024: -66.6pp
• All cycles: 2024: R+66.6 2020: R+65.8 2016: R+64.1 2012: R+59.3 2008: R+52.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.69%
• Current HPI: 200.596
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+344.4% since first listed

7 events — show timeline

• 2026-05-23 Pending — SCKMLS as Distributed by MLS Grid
• 2026-05-05 Listed $40,000 SCKMLS as Distributed by MLS Grid
• 2022-05-02 Listed $94,500 SCKMLS as Distributed by MLS Grid
• 2010-06-08 Listed $29,900 SCKMLS as Distributed by MLS Grid
• 2002-03-13 Sold (Public Records) — Public Records
• 1993-02-01 Sold (Public Records) $31,000 Public Records
• 1985-08-01 Sold (Public Records) $9,000 Public Records

Property tax history

+9.0%/yr

Latest (2025): $2,097 · +5.6% YoY. Source: county tax records.