6545 NW Rose St · Topeka, KS 66618

$189,900

3 bd · 1.0 ba · 1,289 sqft · SingleFamily public records · 2 Days on market

Built 1948 6,534 sqft 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 +15.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• 1% rule +4.1/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New Price! So much to love about this move-in-ready 3 bed/1 bath home in Elmon Elmont Elementary district. With beautiful hardwood floors, new LVP in the bedrooms and main floor laundry. Between the thermal pane windows, vinyl siding and energy efficient mechanicals, utilities have been on the low end for many years. This home does show on a USDA 0% down eligibility map and would qualify for a first time homebuyer program (pending the buyer qualifies). Bring your agent and schedule a showing today!

Key facts

• High efficiency hvac
• Updated flooring
• Thermal pane windows

Tags

• HARDWOOD FLOORS
• UPDATED FLOORING
• THERMAL PANE WINDOWS
• HIGH EFFICIENCY HVAC
• STORAGE SHED WITH ELECTRICITY

Property features AI

Exterior

• Parking: Carport
• Utilities: Public water; Septic tank
• Home design: Single-family residence; Residential property
• Construction: Vinyl siding
• Exterior features: Patio; Lot in Elmont Town subdivision

Interior

• Kitchen: Gas range; Dishwasher; Refrigerator
• Flooring: Hardwood; Ceramic tile; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air (cooling)
• Interior features: Gas water heater; Has basement; Patio
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $85 ($1k/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 $173k (8.9% below list).
• Recommended offer: $173k (8.9% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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.
• Seaman (suburban): math 32% / reading 37% proficiency, ranked #51 of 169 in KS (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Elmont Elem (math 67% / reading 62%, grade B, #45 of 684 statewide, top 8%, 324 students, 24% FRL); Seaman Middle School (math 17% / reading 23%, grade F, #146 of 219 statewide, top 67%, 585 students, 37% FRL); Seaman High (math 17% / reading 22%, grade F, #216 of 327 statewide, top 70%, 1,239 students, 31% FRL) — zoned schools at 31% FRL track the district average.
• Market conditions: 67 active listings in the ZIP; solid renter incomes; 219 units permitted in Shawnee County in 2024 (25 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.
• Shawnee County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 2y 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 $42k; list at $190k implies a 358% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $173,071 (8.9% below list)

Questions for the listing agent

1. Built in 1948 — 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. 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?
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: 0.91% ✗
• Cap rate: 6.83%
• Cash-on-cash: 1.91%
• DSCR: 1.08
• GRM: 9.1

CMA / ARV

No comps found within radius.

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: $-25,374
• Equity at exit: $28,315

10-year hold

• IRR: -4.3%
• Equity multiple: 0.72×
• Total profit: $-15,122
• Equity at exit: $16,419

Cash invested: $53,172 (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 66618

• Home prices YoY: -34.2%
• Active inventory: 67
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,731 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$208 /mo · $2,492/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $85

Break-even live

Break-even rent $1,624

Max offer price $189,900

Occupancy floor 90%

Sensitivity live

Price	-10% $192	-5% $138	+0% $85	+5% $31	+10% $-23
Rent	-10% $-52	-5% $16	+0% $85	+5% $153	+10% $221
Rate	-1.0pp $180	-0.5pp $133	base $85	+0.5pp $35	+1.0pp $-15

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-05-30
   statusdays on market $189,900 Pending 2 DOM
2. 2026-05-08
   price $184,900
3. 2026-04-23
   price $189,900
4. 2026-04-14
   listed $194,900 Active
5. 2024-06-11
   soldstatus Closed 503-char remark

   Show marketing remark (503 chars)

   New Price! So much to love about this move-in-ready 3 bed/1 bath home in Elmon Elmont Elementary district. With beautiful hardwood floors, new LVP in the bedrooms and main floor laundry. Between the thermal pane windows, vinyl siding and energy efficient mechanicals, utilities have been on the low end for many years. This home does show on a USDA 0% down eligibility map and would qualify for a first time homebuyer program (pending the buyer qualifies). Bring your agent and schedule a showing today!

6. 2024-06-11
   soldstatus

   Show marketing remark (503 chars)

   New Price! So much to love about this move-in-ready 3 bed/1 bath home in Elmon Elmont Elementary district. With beautiful hardwood floors, new LVP in the bedrooms and main floor laundry. Between the thermal pane windows, vinyl siding and energy efficient mechanicals, utilities have been on the low end for many years. This home does show on a USDA 0% down eligibility map and would qualify for a first time homebuyer program (pending the buyer qualifies). Bring your agent and schedule a showing today!

7. 2024-05-08
   status Pending 503-char remark

   Show marketing remark (503 chars)

   New Price! So much to love about this move-in-ready 3 bed/1 bath home in Elmon Elmont Elementary district. With beautiful hardwood floors, new LVP in the bedrooms and main floor laundry. Between the thermal pane windows, vinyl siding and energy efficient mechanicals, utilities have been on the low end for many years. This home does show on a USDA 0% down eligibility map and would qualify for a first time homebuyer program (pending the buyer qualifies). Bring your agent and schedule a showing today!

8. 2024-05-07
   price $175,000 503-char remark

   Show marketing remark (503 chars)

   New Price! So much to love about this move-in-ready 3 bed/1 bath home in Elmon Elmont Elementary district. With beautiful hardwood floors, new LVP in the bedrooms and main floor laundry. Between the thermal pane windows, vinyl siding and energy efficient mechanicals, utilities have been on the low end for many years. This home does show on a USDA 0% down eligibility map and would qualify for a first time homebuyer program (pending the buyer qualifies). Bring your agent and schedule a showing today!

9. 2024-05-01
   listed $185,000 Active 503-char remark

   Show marketing remark (503 chars)

   New Price! So much to love about this move-in-ready 3 bed/1 bath home in Elmon Elmont Elementary district. With beautiful hardwood floors, new LVP in the bedrooms and main floor laundry. Between the thermal pane windows, vinyl siding and energy efficient mechanicals, utilities have been on the low end for many years. This home does show on a USDA 0% down eligibility map and would qualify for a first time homebuyer program (pending the buyer qualifies). Bring your agent and schedule a showing today!

10. 2015-10-07
    soldstatus
11. 2002-04-01
    soldstatus $41,500
12. 1998-11-06
    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: $2,492 · $208/mo
• Projected year-2 tax: $2,678 · $223/mo
• Expected delta: +$186/yr (+$15/mo · 7.5%)

ⓘ 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,769
• − Mortgage interest: −$10,637
• − Property taxes: −$2,492
• − Insurance: −$950
• − Repairs & maintenance: −$1,661
• − Management: −$1,661
• − Depreciation: −$5,524
• Taxable loss: −$2,157
• Est. tax savings @ 24.0%: +$518
• After-tax cash flow: $1,533/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: Seaman
• NCES district ID: 2011490
• Math proficiency: 32% ▼ -5.00%
• Reading proficiency: 37% ▬ 0.00%
• Median HH income: $65,842
• Composite: 31.43/100
• National rank: #5985
• State rank: #51 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

• County: Shawnee County · 118,130 people
• City population: 118,130
• Metro: Topeka, KS
• Population (ZIP): 10,179
• Household income: $109,884
• Rent vs Own: 9.1% rent · 90.9% own
• Severe rent burden: 100.0

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 (92%)
• Race & ethnicity: White 92% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Italian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 1% · Canada

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: ▼ -123.99%
• Current HPI: 238.3831
• Rent YoY: —
• Metro: Topeka, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+345.5% since first listed

11 events — show timeline

• 2026-05-08 Price Changed $184,900 Sunflower MLS as distributed by MLS GRID
• 2026-04-23 Price Changed $189,900 Sunflower MLS as distributed by MLS GRID
• 2026-04-14 Listed $194,900 Sunflower MLS as distributed by MLS GRID
• 2024-06-11 Sold (Public Records) — Public Records
• 2024-06-11 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2024-05-08 Pending — Sunflower MLS as distributed by MLS GRID
• 2024-05-07 Price Changed $175,000 Sunflower MLS as distributed by MLS GRID
• 2024-05-01 Listed $185,000 Sunflower MLS as distributed by MLS GRID
• 2015-10-07 Sold (Public Records) — Public Records
• 2002-04-01 Sold (Public Records) $41,500 Public Records
• 1998-11-06 Sold (Public Records) — Public Records

Property tax history

+12.0%/yr

Latest (2025): $2,492 · +101.0% YoY. Source: county tax records.