507 Cherokee St · Oskaloosa, KS 66066

$152,500

5 bd · 1.5 ba · 1,793 sqft · SingleFamily public records · 213 Days on market

Built 1928 5,663 sqft lot $85/sqft · 38% below area Est $248k · 38% under

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Why this score? — see what drove the C- 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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +8.9/30.0
• Livability +3.9/5.0
• 1% rule +3.1/10.0
• Schools +2.6/10.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Affordable 5 bedroom home with the charm of having a covered front porch with swing, wood floors and pocket doors. Primary BR on main floor. formal dining room. 2nd bedroom can be converted to office. 3 bedrooms on upper level with half bath. Basement has interior and exterior access. Back deck. Fenced backyard to enjoy. Parking off street. Close to local conveniences.

Key facts

• Covered front porch
• Converted to office
• Pocket doors

Tags

• COVERED FRONT PORCH
• WOOD FLOORS
• POCKET DOORS
• FORMAL DINING ROOM
• CONVERTED TO OFFICE
• INTERIOR AND EXTERIOR ACCESS

What this means for you Summary

Snapshot

• This is a 5-bed/1.5-bath single-family listed at $152k.

Deal economics

• At list price, monthly cash flow is $-121 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $131k (14.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (19.0% below list).
• Recommended offer: $123k (19.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#36 in KS, #2,829 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, employment D, amenities F.
• Oskaloosa Public Schools (rural): math 23% / reading 35% proficiency, ranked #101 of 169 in KS (top 60%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 20 active listings in the ZIP; 61 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Jefferson County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 213 days — a 12% lower offer ($134k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y ago; this cycle's ask has dropped $12k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $152k implies a 281% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,483 (19.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 213 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1928 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.81% ✗
• Cap rate: 5.34%
• Cash-on-cash: -3.41%
• DSCR: 0.85
• GRM: 10.3

CMA / ARV

• ARV (median comp): $247,842
• List price: $152,500
• Delta: -38.47%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
508 Atchison St	0.41mi	5/2.0	1,610 (-10%)	23mo	$235,000	$146	43
409 Turkey Run Cir	0.49mi	4/3.0 (-1)	1,875 (+5%)	20mo	$319,500	$170	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.9%
• Equity multiple: 2.77×
• Total profit: $75,367
• Equity at exit: $137,384

10-year hold

• IRR: 19.7%
• Equity multiple: 6.34×
• Total profit: $228,114
• Equity at exit: $296,274

Cash invested: $42,700 (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 66066

• Home prices YoY: 14.2%
• Active inventory: 20
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,235 medium
• Mortgage (P&I): −$800
• Tax from tax record: −$234 /mo · $2,804/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $-121

Break-even live

Break-even rent $1,389

Max offer price $131,049

Occupancy floor —

Sensitivity live

Price	-10% $-35	-5% $-78	+0% $-121	+5% $-165	+10% $-208
Rent	-10% $-219	-5% $-170	+0% $-121	+5% $-73	+10% $-24
Rate	-1.0pp $-45	-0.5pp $-83	base $-121	+0.5pp $-161	+1.0pp $-201

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: $38,125
• Closing costs: $4,575
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-18
   days on market $152,500 Active 213 DOM
2. 2026-06-17
   days on market $152,500 Active 212 DOM
3. 2026-06-16
   days on market $152,500 Active 211 DOM
4. 2026-06-15
   days on market $152,500 Active 210 DOM
5. 2026-06-13
   days on market $152,500 Active 208 DOM
6. 2026-06-12
   days on market $152,500 Active 207 DOM
7. 2026-06-09
   days on market $152,500 Active 204 DOM
8. 2026-06-08
   days on market $152,500 Active 203 DOM
9. 2026-06-07
   days on market $152,500 Active 202 DOM
10. 2026-06-05
    days on market $152,500 Active 200 DOM
11. 2026-06-04
    days on market $152,500 Active 198 DOM
12. 2026-06-02
    days on market $152,500 Active 197 DOM
13. 2026-06-01
    days on market $152,500 Active 196 DOM
14. 2026-05-31
    days on market $152,500 Active 195 DOM
15. 2026-05-31
    days on market $152,500 Active 194 DOM
16. 2026-03-16
    price $152,500 371-char remark

    Show marketing remark (371 chars)

    Affordable 5 bedroom home with the charm of having a covered front porch with swing, wood floors and pocket doors. Primary BR on main floor. formal dining room. 2nd bedroom can be converted to office. 3 bedrooms on upper level with half bath. Basement has interior and exterior access. Back deck. Fenced backyard to enjoy. Parking off street. Close to local conveniences.

17. 2025-12-03
    price $159,900 371-char remark

    Show marketing remark (371 chars)

    Affordable 5 bedroom home with the charm of having a covered front porch with swing, wood floors and pocket doors. Primary BR on main floor. formal dining room. 2nd bedroom can be converted to office. 3 bedrooms on upper level with half bath. Basement has interior and exterior access. Back deck. Fenced backyard to enjoy. Parking off street. Close to local conveniences.

18. 2025-11-17
    listed $164,900 Active 371-char remark

    Show marketing remark (371 chars)

    Affordable 5 bedroom home with the charm of having a covered front porch with swing, wood floors and pocket doors. Primary BR on main floor. formal dining room. 2nd bedroom can be converted to office. 3 bedrooms on upper level with half bath. Basement has interior and exterior access. Back deck. Fenced backyard to enjoy. Parking off street. Close to local conveniences.

19. 2025-05-06
    soldstatus
20. 2025-05-05
    soldstatus Closed 1011-char remark

    Show marketing remark (1011 chars)

    Welcome to this great affordable 4 bedroom, 1 1/2 bath Craftsman-style home in the lovely town of Oskaloosa. Original woodwork throughout, hardwood floors, and pocket doors are just some of the great charm that this home has to offer. Enjoy the inviting main level with a large living room, formal dining, large updated bath with jetted soaker tub, main level bedroom, and a formal office or non-conforming bedroom. Upstairs offers 3 good sized bedrooms and a half bathroom for convenience. Full unfinished basement with laundry hook-ups and workshop area with walk-out to the backyard. On the nice days, enjoy your covered front deck with a classic porch swing or invite guests over and BBQ on your updated back deck with a fenced-in yard perfect for entertaining. Convenient location to downtown, within short distance to the local coffee shop/sandwich shop, grocery store, gas stations, and many more amenities. Convenient location for commuters who work in Lawrence, KC, and Topeka. Book your showing today!

21. 2025-05-05
    soldstatus Closed

    Show marketing remark (1011 chars)

    Welcome to this great affordable 4 bedroom, 1 1/2 bath Craftsman-style home in the lovely town of Oskaloosa. Original woodwork throughout, hardwood floors, and pocket doors are just some of the great charm that this home has to offer. Enjoy the inviting main level with a large living room, formal dining, large updated bath with jetted soaker tub, main level bedroom, and a formal office or non-conforming bedroom. Upstairs offers 3 good sized bedrooms and a half bathroom for convenience. Full unfinished basement with laundry hook-ups and workshop area with walk-out to the backyard. On the nice days, enjoy your covered front deck with a classic porch swing or invite guests over and BBQ on your updated back deck with a fenced-in yard perfect for entertaining. Convenient location to downtown, within short distance to the local coffee shop/sandwich shop, grocery store, gas stations, and many more amenities. Convenient location for commuters who work in Lawrence, KC, and Topeka. Book your showing today!

22. 2025-03-26
    historical Active Under Contract

    Show marketing remark (1011 chars)

    Welcome to this great affordable 4 bedroom, 1 1/2 bath Craftsman-style home in the lovely town of Oskaloosa. Original woodwork throughout, hardwood floors, and pocket doors are just some of the great charm that this home has to offer. Enjoy the inviting main level with a large living room, formal dining, large updated bath with jetted soaker tub, main level bedroom, and a formal office or non-conforming bedroom. Upstairs offers 3 good sized bedrooms and a half bathroom for convenience. Full unfinished basement with laundry hook-ups and workshop area with walk-out to the backyard. On the nice days, enjoy your covered front deck with a classic porch swing or invite guests over and BBQ on your updated back deck with a fenced-in yard perfect for entertaining. Convenient location to downtown, within short distance to the local coffee shop/sandwich shop, grocery store, gas stations, and many more amenities. Convenient location for commuters who work in Lawrence, KC, and Topeka. Book your showing today!

23. 2025-03-26
    historical Active Under Contract 1011-char remark

    Show marketing remark (1011 chars)

    Welcome to this great affordable 4 bedroom, 1 1/2 bath Craftsman-style home in the lovely town of Oskaloosa. Original woodwork throughout, hardwood floors, and pocket doors are just some of the great charm that this home has to offer. Enjoy the inviting main level with a large living room, formal dining, large updated bath with jetted soaker tub, main level bedroom, and a formal office or non-conforming bedroom. Upstairs offers 3 good sized bedrooms and a half bathroom for convenience. Full unfinished basement with laundry hook-ups and workshop area with walk-out to the backyard. On the nice days, enjoy your covered front deck with a classic porch swing or invite guests over and BBQ on your updated back deck with a fenced-in yard perfect for entertaining. Convenient location to downtown, within short distance to the local coffee shop/sandwich shop, grocery store, gas stations, and many more amenities. Convenient location for commuters who work in Lawrence, KC, and Topeka. Book your showing today!

24. 2025-01-10
    listed $164,900 Active 1011-char remark

    Show marketing remark (1011 chars)

    Welcome to this great affordable 4 bedroom, 1 1/2 bath Craftsman-style home in the lovely town of Oskaloosa. Original woodwork throughout, hardwood floors, and pocket doors are just some of the great charm that this home has to offer. Enjoy the inviting main level with a large living room, formal dining, large updated bath with jetted soaker tub, main level bedroom, and a formal office or non-conforming bedroom. Upstairs offers 3 good sized bedrooms and a half bathroom for convenience. Full unfinished basement with laundry hook-ups and workshop area with walk-out to the backyard. On the nice days, enjoy your covered front deck with a classic porch swing or invite guests over and BBQ on your updated back deck with a fenced-in yard perfect for entertaining. Convenient location to downtown, within short distance to the local coffee shop/sandwich shop, grocery store, gas stations, and many more amenities. Convenient location for commuters who work in Lawrence, KC, and Topeka. Book your showing today!

25. 2025-01-10
    listed $164,900 Active

    Show marketing remark (1011 chars)

    Welcome to this great affordable 4 bedroom, 1 1/2 bath Craftsman-style home in the lovely town of Oskaloosa. Original woodwork throughout, hardwood floors, and pocket doors are just some of the great charm that this home has to offer. Enjoy the inviting main level with a large living room, formal dining, large updated bath with jetted soaker tub, main level bedroom, and a formal office or non-conforming bedroom. Upstairs offers 3 good sized bedrooms and a half bathroom for convenience. Full unfinished basement with laundry hook-ups and workshop area with walk-out to the backyard. On the nice days, enjoy your covered front deck with a classic porch swing or invite guests over and BBQ on your updated back deck with a fenced-in yard perfect for entertaining. Convenient location to downtown, within short distance to the local coffee shop/sandwich shop, grocery store, gas stations, and many more amenities. Convenient location for commuters who work in Lawrence, KC, and Topeka. Book your showing today!

26. 2024-08-27
    soldstatus
27. 2024-08-26
    soldstatus Closed
28. 2024-08-26
    soldstatus Closed
29. 2024-07-27
    status Pending
30. 2024-07-27
    status Pending
31. 2024-07-09
    price $162,800
32. 2024-07-09
    price $162,800
33. 2024-07-09
    price $162,800
34. 2024-06-05
    price $174,600
35. 2024-06-05
    price $174,600
36. 2024-06-05
    price $174,600
37. 2024-05-04
    price $179,800
38. 2024-05-04
    price $179,800
39. 2024-05-04
    price $179,800
40. 2024-04-18
    listed $187,700 Active
41. 2024-04-18
    listed $187,700 Active
42. 2018-04-30
    soldstatus
43. 2018-04-30
    soldstatus
44. 2018-04-30
    soldstatus
45. 2018-03-13
    listed $72,900
46. 2018-03-13
    listed $72,900
47. 2018-03-13
    listed $72,900
48. 2007-12-26
    soldstatus
49. 2007-12-01
    soldstatus $40,000
50. 2007-08-24
    listed $48,519

ⓘ 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: $2,804 · $234/mo
• Projected year-2 tax: $2,804 · $234/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,818
• − Mortgage interest: −$8,542
• − Property taxes: −$2,804
• − Insurance: −$762
• − Repairs & maintenance: −$1,185
• − Management: −$1,185
• − Depreciation: −$4,436
• Taxable loss: −$4,098
• Est. tax savings @ 24.0%: +$984
• After-tax cash flow: $-474/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: Oskaloosa Public Schools
• NCES district ID: 2010320
• Math proficiency: 23% ▼ -9.00%
• Reading proficiency: 35% ▼ -8.00%
• Median HH income: $51,938
• Composite: 25.52/100
• National rank: #7436
• State rank: #101 of 169 in KS

Livability — Oskaloosa

• Score: 77/100
• State rank: #36
• US rank: #2829

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oskaloosa, KS
• Population (ZIP): 2,750

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 18,534 people
• By 2030: 18,165 · -2.0%
• By 2040: 17,247 · -6.9%
• By 2050: 16,257 · -12.3%
• By 2075: 14,493 · -21.8%
• By 2100: 12,298 · -33.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Italian 2% Romanian 2% Slovak 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+36.9) · D 30.5% · R 67.4% · Other 2.0%
• 2008→2024 swing: -18.2pp toward R · 2008: -18.7pp · 2024: -36.9pp
• All cycles: 2024: R+36.9 2020: R+32.2 2016: R+32.3 2012: R+22.8 2008: R+18.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 34.53%
• Current HPI: 278.361
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+138.0% since first listed

37 events — show timeline

• 2026-03-16 Price Changed $152,500 Sunflower MLS as distributed by MLS GRID
• 2025-12-03 Price Changed $159,900 Sunflower MLS as distributed by MLS GRID
• 2025-11-17 Listed $164,900 Sunflower MLS as distributed by MLS GRID
• 2025-05-06 Sold (Public Records) — Public Records
• 2025-05-05 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2025-05-05 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2025-03-26 Contingent — Sunflower MLS as distributed by MLS GRID
• 2025-03-26 Contingent — Heartland MLS as Distributed by MLS Grid
• 2025-01-10 Listed $164,900 Sunflower MLS as distributed by MLS GRID
• 2025-01-10 Listed $164,900 Heartland MLS as Distributed by MLS Grid
• 2024-08-27 Sold (Public Records) — Public Records
• 2024-08-26 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2024-08-26 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2024-07-27 Pending — Sunflower MLS as distributed by MLS GRID
• 2024-07-27 Pending — Heartland MLS as Distributed by MLS Grid
• 2024-07-09 Price Changed $162,800 Sunflower MLS as distributed by MLS GRID
• 2024-07-09 Price Changed $162,800 Heartland MLS as Distributed by MLS Grid
• 2024-07-09 Price Changed $162,800 Lawrence MLS as distributed by MLS GRID
• 2024-06-05 Price Changed $174,600 Sunflower MLS as distributed by MLS GRID
• 2024-06-05 Price Changed $174,600 Lawrence MLS as distributed by MLS GRID
• 2024-06-05 Price Changed $174,600 Heartland MLS as Distributed by MLS Grid
• 2024-05-04 Price Changed $179,800 Lawrence MLS as distributed by MLS GRID
• 2024-05-04 Price Changed $179,800 Sunflower MLS as distributed by MLS GRID
• 2024-05-04 Price Changed $179,800 Heartland MLS as Distributed by MLS Grid
• 2024-04-18 Listed $187,700 Sunflower MLS as distributed by MLS GRID
• 2024-04-18 Listed $187,700 Heartland MLS as Distributed by MLS Grid
• 2018-04-30 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2018-04-30 Sold (MLS) — Lawrence MLS as distributed by MLS GRID
• 2018-04-30 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2018-03-13 Listed $72,900 Heartland MLS as Distributed by MLS Grid
• 2018-03-13 Listed $72,900 Lawrence MLS as distributed by MLS GRID
• 2018-03-13 Listed $72,900 Sunflower MLS as distributed by MLS GRID
• 2007-12-26 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2007-12-01 Sold (Public Records) $40,000 Public Records
• 2007-08-24 Listed $48,519 Heartland MLS as Distributed by MLS Grid
• 1998-12-01 Sold (Public Records) $78,360 Public Records
• 1996-09-01 Sold (Public Records) $64,080 Public Records

Property tax history

+9.6%/yr

Latest (2025): $2,804 · +13.3% YoY. Source: county tax records.