213 E Cedar St St · Hill City, KS 67642

$60,000

3 bd · 1.0 ba · 1,114 sqft · SingleFamily public records · 29 Days on market

Built 1931 0.32 ac 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 +8.4/10.0
• ARV discount +7.5/15.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Key facts

• Remodeled bathroom
• Water softener
• New flooring

Tags

• NEW FLOORING
• REMODELED BATHROOM
• FULL BASEMENT
• NEW SEWER LINE
• PARTIAL PEX WATERLINES
• WATER SOFTENER

Property features AI

Finance

• Other: Lot dimensions approximately 100 x 140; Zoning: Other

Exterior

• Parking: 2-car garage
• Utilities: Public water; Public sewer; Cable available; Natural gas available
• Home design: Residential property; Entry level: 1
• Construction: Brick construction; Concrete basement
• Exterior features: Covered porch/patio; Composition roof

Interior

• Kitchen: Range; Oven
• Bedrooms: 2 main-level bedrooms
• Heating & cooling: Heat pump heating
• Interior features: Window coverings; Water softener

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $343 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($959 rent vs $60k).
• Recommended offer: $59k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#172 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, amenities F, commute F.
• Graham County (rural): math 18% / reading 27% proficiency, ranked #251 of 280 in KS (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 6 active listings in the ZIP.

Forward outlook

• In year one you build about $4k of equity ($415 loan paydown + $4k appreciation (6.8% local appreciation)).
• Graham County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (6.8% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $22k; list at $60k implies a 179% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1931 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,100 (1.5% below list)

Questions for the listing agent

1. Built in 1931 — 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: 1.60% ✓
• Cap rate: 13.15%
• Cash-on-cash: 24.50%
• DSCR: 2.09
• GRM: 5.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.77% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.3%
• Equity multiple: 3.50×
• Total profit: $41,951
• Equity at exit: $40,667

10-year hold

• IRR: 34.1%
• Equity multiple: 7.29×
• Total profit: $105,723
• Equity at exit: $76,436

Cash invested: $16,800 (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 67642

• Home prices YoY: 3.6%
• Active inventory: 6
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $959 medium
• Mortgage (P&I): −$315
• Tax est. 1.5%: −$75 /mo · $900/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $343

Break-even live

Break-even rent $525

Max offer price $60,000

Occupancy floor 59%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-12
   statusdays on market $60,000 Pending 29 DOM
2. 2026-06-09
   days on market $60,000 Active Under Contract 28 DOM
3. 2026-06-08
   days on market $60,000 Active Under Contract 27 DOM
4. 2026-06-07
   days on market $60,000 Active Under Contract 26 DOM
5. 2026-06-05
   days on market $60,000 Active Under Contract 24 DOM
6. 2026-06-04
   days on market $60,000 Active Under Contract 22 DOM
7. 2026-06-02
   days on market $60,000 Active Under Contract 21 DOM
8. 2026-06-01
   days on market $60,000 Active Under Contract 20 DOM
9. 2026-05-31
   days on market $60,000 Active Under Contract 19 DOM
10. 2026-05-31
    days on market $60,000 Active Under Contract 18 DOM
11. 2026-05-23
    historical Active Under Contract
12. 2026-05-11
    listed $60,000 Active
13. 1988-08-01
    soldstatus $21,500
14. 1988-08-01
    soldstatus $21,500
15. 1987-10-01
    soldstatus $12,300
16. 1987-10-01
    soldstatus $12,300

ⓘ 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 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥104°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: $11,508
• − Mortgage interest: −$3,361
• − Property taxes: −$900
• − Insurance: −$300
• − Repairs & maintenance: −$921
• − Management: −$921
• − Depreciation: −$1,745
• Taxable income: $3,360
• Est. tax owed @ 24.0%: −$806
• After-tax cash flow: $3,309/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: Graham County
• NCES district ID: 2007260
• Math proficiency: 18% ▲ 3.00%
• Reading proficiency: 27% ▲ 6.00%
• Median HH income: $42,902
• Composite: 22.43/100
• National rank: #13471
• State rank: #251 of 280 in KS

Livability — Hill City

• Score: 70/100
• State rank: #172
• US rank: #8068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hill City, KS
• City population: 1,779
• Population (ZIP): 1,779

Population outlook (Graham County) Hauer SSP2

• Today (2025): 2,510 people
• By 2030: 2,458 · -2.1%
• By 2040: 2,399 · -4.4%
• By 2050: 2,403 · -4.3%
• By 2075: 2,658 · +5.9%
• By 2100: 2,880 · +14.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 5% Two or more races 4% Black 2% Asian 2%
• Common ancestry: Lithuanian 6% Serbian 3% Iranian 2%
• Foreign-born: 1% · Vietnam
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Graham

• 2024 margin: Solid R (+65.7) · D 16.3% · R 82.0% · Other 1.7%
• 2008→2024 swing: -14.0pp toward R · 2008: -51.6pp · 2024: -65.7pp
• All cycles: 2024: R+65.7 2020: R+63.8 2016: R+65.5 2012: R+60.4 2008: R+51.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.77%
• Current HPI: 193.775
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

+387.8% since first listed

6 events — show timeline

• 2026-05-23 Contingent — Hays MLS
• 2026-05-11 Listed $60,000 Hays MLS
• 1988-08-01 Sold (Public Records) $21,500 Public Records
• 1988-08-01 Sold (Public Records) $21,500 Public Records
• 1987-10-01 Sold (Public Records) $12,300 Public Records
• 1987-10-01 Sold (Public Records) $12,300 Public Records