837 Euclid St · Fort Scott, KS 66701

$120,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 32 Days on market

Built 1925 0.62 ac lot

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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 +15.8/30.0
• ARV discount +7.5/15.0
• DSCR +4.9/10.0
• Livability +3.3/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Walnut Hill. This is the ONE! Completely redone from ground up 837 Euclid St. has been thoughtfully transformed into a great affordable home. This 3 bed 2.5 bath has had so many things done. EVERYTHING is new. New HVAC, windows, roof, water heater, flooring, paint (in and out), cabinets, doors, granite counters, lighting, plumbing, electrical etc. With an oversized lot and great highway access you will want to come and make this house your home.

Key facts

• New hvac
• New flooring
• New water heater

Tags

• NEW HVAC
• NEW WINDOWS
• NEW ROOF
• NEW WATER HEATER
• NEW FLOORING
• NEW PAINT

Property features AI

Finance

• HOA & community: No association fees

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Septic tank
• Home design: Single-family residence; Bungalow / Ranch floor plan; Residential property
• Construction: Frame construction; Composition roof; Has basement (cellar and crawl space); Approximately 101+ years old
• Exterior features: Lot approximately 0.62 acres

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric range; Stainless steel appliances
• Bedrooms: 3 bedrooms — all carpet
• Flooring: Carpet in bedrooms
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Ceiling fan(s); Fireplace (1)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $54 ($652/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 $96k (20.0% below list).
• Recommended offer: $96k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 5.0% in Fort Scott — 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 66/100 on livability (#259 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools D, amenities F, commute F.
• Fort Scott (town): math 19% / reading 28% proficiency, ranked #150 of 169 in KS (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 71 active listings in the ZIP; 5 units permitted in Bourbon County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Bourbon County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $120k implies a 500% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $96,005 (20.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 0.80% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.94%
• DSCR: 1.09
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $67,536
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 N Judson St	0.56mi	2/1.0	1,066 (+6%)	1mo	$75,000	$70	64
109 S Holbrook St	0.73mi	2/1.0	1,144 (+14%)	6mo	$39,000	$34	38
8 N Judson St	0.65mi	2/1.0	884 (-12%)	23mo	$59,000	$67	30

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: -13.3%
• Equity multiple: 0.52×
• Total profit: $-16,048
• Equity at exit: $17,892

10-year hold

• IRR: -4.4%
• Equity multiple: 0.71×
• Total profit: $-9,773
• Equity at exit: $10,375

Cash invested: $33,600 (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 66701

• Home prices YoY: -10.4%
• Active inventory: 71
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $960 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$25 /mo · $298/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $54

Break-even live

Break-even rent $891

Max offer price $120,000

Occupancy floor 89%

Sensitivity live

Price	-10% $122	-5% $88	+0% $54	+5% $20	+10% $-14
Rent	-10% $-22	-5% $16	+0% $54	+5% $92	+10% $130
Rate	-1.0pp $115	-0.5pp $85	base $54	+0.5pp $23	+1.0pp $-8

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-14
   status Pending
2. 2026-05-09
   price $120,000
3. 2026-04-21
   price $132,000
4. 2026-04-15
   status Active
5. 2026-04-11
   status Pending
6. 2026-04-08
   listed $140,000 Active
7. 2020-08-20
   soldstatus
8. 2007-07-01
   soldstatus $20,000

ⓘ 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: $298 · $25/mo
• Projected year-2 tax: $1,692 · $141/mo
• Expected delta: +$1,394/yr (+$116/mo · 468.0%)

ⓘ 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 ≥109°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,521
• − Mortgage interest: −$6,722
• − Property taxes: −$298
• − Insurance: −$600
• − Repairs & maintenance: −$922
• − Management: −$922
• − Depreciation: −$3,491
• Taxable loss: −$1,433
• Est. tax savings @ 24.0%: +$344
• After-tax cash flow: $996/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: Fort Scott
• NCES district ID: 2006180
• Math proficiency: 19% ▼ -3.00%
• Reading proficiency: 28% ▬ 0.00%
• Median HH income: $38,034
• Composite: 19.64/100
• National rank: #8741
• State rank: #150 of 169 in KS

Livability — Fort Scott

• Score: 66/100
• State rank: #259
• US rank: #11422

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Scott, KS
• Population (ZIP): 11,075

Population outlook (Bourbon County) Hauer SSP2

• Today (2025): 13,761 people
• By 2030: 13,139 · -4.5%
• By 2040: 11,920 · -13.4%
• By 2050: 10,892 · -20.8%
• By 2075: 8,645 · -37.2%
• By 2100: 6,751 · -50.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 3% Black 2%
• Common ancestry: Lithuanian 2% Serbian 2% Slovak 2%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 1% Other Asian/Pacific 1% German/W. Germanic 1%

Political lean MEDSL · Bourbon

• 2024 margin: Solid R (+54.2) · D 22.0% · R 76.1% · Other 1.9%
• 2008→2024 swing: -26.9pp toward R · 2008: -27.2pp · 2024: -54.2pp
• All cycles: 2024: R+54.2 2020: R+52.0 2016: R+50.8 2012: R+33.9 2008: R+27.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -20.03%
• Current HPI: 172.2531
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+500.0% since first listed

8 events — show timeline

• 2026-05-14 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-05-09 Price Changed $120,000 Heartland MLS as Distributed by MLS Grid
• 2026-04-21 Price Changed $132,000 Heartland MLS as Distributed by MLS Grid
• 2026-04-15 Relisted — Heartland MLS as Distributed by MLS Grid
• 2026-04-11 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-04-08 Listed $140,000 Heartland MLS as Distributed by MLS Grid
• 2020-08-20 Sold (Public Records) — Public Records
• 2007-07-01 Sold (Public Records) $20,000 Public Records

Property tax history

-1.4%/yr

Latest (2025): $298 · -3.6% YoY. Source: county tax records.