114 Ethel Ln · Lansing, KS 66043

$268,000

3 bd · 2.0 ba · 1,258 sqft · SingleFamily public records · 1 Days on market

Built 1977 9,600 sqft lot Est $201k · 33% over

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Why this score? — see what drove the F 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 +8.8/30.0
• Livability +3.8/5.0
• Schools +3.6/10.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lansing charmer ready for its new owner(s)! This raised ranch home allows the convenience of all one-level living, but also has a newly renovated lower level for additional living space. Lots of newer features like windows, roof, flooring & HVAC. Upstairs you'll see vaulted ceilings with trendy beams & a fireplace. This space has been great to decorate for holidays! Off the kitchen & living room is a dining room. All 3 bedrooms & both bathrooms on this level to include the primary suite with its own bathroom. Outside, sitting on a corner lot- is plenty of parking space, garage space & a privacy fenced yard with a patio & shade for staying cool in warmer weather. Welcome to the neighborhood!

Key facts

• 9,600 sq ft lot
• 2 garage spots
• Built 1977

Property features AI

Finance

• Other: Lot size about 9,600 square feet (source: appraiser); Notable directions to property provided by listing
• Financial info: Financial details not provided
• HOA & community: No association fees

Exterior

• Parking: Attached garage with 2 spaces
• Security: Security details not provided
• Utilities: Public water
• Home design: Single-family residence; Residential property; Attached property; Raised ranch; Living area approximately 1,783 (above grade)
• Construction: Composition roof; Construction material: Other; Estimated age: 51–75 years
• Exterior features: Metal fencing; Not in a flood plain

Interior

• Kitchen: Appliances not listed
• Bedrooms: 3 bedrooms (one located in the basement)
• Flooring: Flooring details not provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Electric cooling (central cooling indicated)
• Interior features: Formal dining area; Finished basement with a basement bedroom; Raised ranch floor plan; One fireplace
• Laundry & utility: Laundry / utility details not provided

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $268k.

Deal economics

• At list price, monthly cash flow is $-223 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $229k (14.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (23.7% below list).
• Recommended offer: $205k (23.7% below list) — sets the bar for 1% rule.
• Cap rate 5.3% vs local median 3.5% in Lansing — 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 76/100 on livability (#52 in KS, #3,637 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• Lansing (town): math 32% / reading 45% proficiency, ranked #25 of 169 in KS (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lansing Elementary School (math 42% / reading 37%, grade F, #321 of 684 statewide, top 52%, 762 students, 40% FRL); Lansing High 9-12 (math 23% / reading 36%, grade F, #60 of 327 statewide, top 24%, 870 students, 25% FRL).
• Market conditions: 52 active listings in the ZIP; solid renter incomes; 347 units permitted in Leavenworth County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Leavenworth County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 21y 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.

Recommended offer $204,582 (23.7% 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. Built in 1977 — 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: 0.76% ✗
• Cap rate: 5.29%
• Cash-on-cash: -3.57%
• DSCR: 0.84
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $201,280
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
415 Fairlane St	0.34mi	4/2.0 (+1)	1,375 (+9%)	5mo	$220,000	$160	60
113 Karen Ln	0.67mi	3/3.0	1,243 (-1%)	9mo	$310,000	$249	56
320 Holiday Dr	0.53mi	3/2.0	1,350 (+7%)	13mo	$200,000	$148	52
319 Holiday Dr	0.50mi	3/2.0	1,405 (+12%)	7mo	$220,000	$157	51
200 Highland Rd	0.71mi	3/2.0	1,288 (+2%)	14mo	$225,000	$175	51
408 Fairlane St	0.39mi	3/1.5	1,427 (+13%)	9mo	$198,000	$139	50
603 Valley Dr	0.53mi	3/2.5	1,393 (+11%)	14mo	$210,000	$151	44
122 Woodland Rd	0.75mi	4/2.0 (+1)	1,192 (-5%)	21mo	$230,000	$193	34

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: -22.3%
• Equity multiple: 0.23×
• Total profit: $-57,604
• Equity at exit: $39,960

10-year hold

• IRR: -16.3%
• Equity multiple: 0.09×
• Total profit: $-68,351
• Equity at exit: $23,172

Cash invested: $75,040 (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 66043

• Home prices YoY: -17.8%
• Active inventory: 52
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,046 medium
• Mortgage (P&I): −$1,405
• Tax from tax record: −$322 /mo · $3,865/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $-223

Break-even live

Break-even rent $2,328

Max offer price $228,616

Occupancy floor —

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: $67,000
• Closing costs: $8,040
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-05-16
   status Pending
2. 2026-05-16
   listed $268,000 Active
3. 2026-05-08
   historical $268,000
4. 2023-08-17
   soldstatus Closed 735-char remark

   Show marketing remark (735 chars)

   Lansing charmer ready for its new owner(s)! This raised ranch home allows the convenience of all one-level living, but also has a newly renovated lower level for additional living space. Lots of newer features like windows, roof, flooring & HVAC. Upstairs you'll see vaulted ceilings with trendy beams & a fireplace. This space has been great to decorate for holidays! Off the kitchen & living room is a dining room. All 3 bedrooms & both bathrooms on this level to include the primary suite with its own bathroom. Outside, sitting on a corner lot- is plenty of parking space, garage space & a privacy fenced yard with a patio & shade for staying cool in warmer weather. Welcome to the neighborhood!

5. 2023-07-10
   status Pending 735-char remark

   Show marketing remark (735 chars)

   Lansing charmer ready for its new owner(s)! This raised ranch home allows the convenience of all one-level living, but also has a newly renovated lower level for additional living space. Lots of newer features like windows, roof, flooring & HVAC. Upstairs you'll see vaulted ceilings with trendy beams & a fireplace. This space has been great to decorate for holidays! Off the kitchen & living room is a dining room. All 3 bedrooms & both bathrooms on this level to include the primary suite with its own bathroom. Outside, sitting on a corner lot- is plenty of parking space, garage space & a privacy fenced yard with a patio & shade for staying cool in warmer weather. Welcome to the neighborhood!

6. 2023-07-01
   listed $228,000 Active 735-char remark

   Show marketing remark (735 chars)

   Lansing charmer ready for its new owner(s)! This raised ranch home allows the convenience of all one-level living, but also has a newly renovated lower level for additional living space. Lots of newer features like windows, roof, flooring & HVAC. Upstairs you'll see vaulted ceilings with trendy beams & a fireplace. This space has been great to decorate for holidays! Off the kitchen & living room is a dining room. All 3 bedrooms & both bathrooms on this level to include the primary suite with its own bathroom. Outside, sitting on a corner lot- is plenty of parking space, garage space & a privacy fenced yard with a patio & shade for staying cool in warmer weather. Welcome to the neighborhood!

7. 2019-09-05
   soldstatus
8. 2019-09-03
   soldstatus Sold 416-char remark

   Show marketing remark (416 chars)

   Don't miss out on this Lansing gem!! This very well taken care of home won't last long. The current homeowners have replaced the HVAC, the home has new windows and a newer roof! Fresh paint throughout, plus the home has a radon mitigation system already installed. It is located within walking distance to Lansing schools and minutes from all amenities. If you are looking for a move in ready home, this is the one!

9. 2019-07-25
   status Pending 416-char remark

   Show marketing remark (416 chars)

   Don't miss out on this Lansing gem!! This very well taken care of home won't last long. The current homeowners have replaced the HVAC, the home has new windows and a newer roof! Fresh paint throughout, plus the home has a radon mitigation system already installed. It is located within walking distance to Lansing schools and minutes from all amenities. If you are looking for a move in ready home, this is the one!

10. 2019-07-25
    historical Contingent - Accepting Backup Offers 416-char remark

    Show marketing remark (416 chars)

    Don't miss out on this Lansing gem!! This very well taken care of home won't last long. The current homeowners have replaced the HVAC, the home has new windows and a newer roof! Fresh paint throughout, plus the home has a radon mitigation system already installed. It is located within walking distance to Lansing schools and minutes from all amenities. If you are looking for a move in ready home, this is the one!

11. 2019-07-22
    price $179,900 416-char remark

    Show marketing remark (416 chars)

    Don't miss out on this Lansing gem!! This very well taken care of home won't last long. The current homeowners have replaced the HVAC, the home has new windows and a newer roof! Fresh paint throughout, plus the home has a radon mitigation system already installed. It is located within walking distance to Lansing schools and minutes from all amenities. If you are looking for a move in ready home, this is the one!

12. 2019-07-18
    listed $183,900 Active 416-char remark

    Show marketing remark (416 chars)

    Don't miss out on this Lansing gem!! This very well taken care of home won't last long. The current homeowners have replaced the HVAC, the home has new windows and a newer roof! Fresh paint throughout, plus the home has a radon mitigation system already installed. It is located within walking distance to Lansing schools and minutes from all amenities. If you are looking for a move in ready home, this is the one!

13. 2006-03-13
    soldstatus
14. 2006-03-10
    soldstatus
15. 2005-08-15
    listed $129,000

ⓘ 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: $3,865 · $322/mo
• Projected year-2 tax: $3,865 · $322/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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥107°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: $24,550
• − Mortgage interest: −$15,012
• − Property taxes: −$3,865
• − Insurance: −$1,340
• − Repairs & maintenance: −$1,964
• − Management: −$1,964
• − Depreciation: −$7,796
• Taxable loss: −$7,391
• Est. tax savings @ 24.0%: +$1,774
• After-tax cash flow: $-901/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: Lansing
• NCES district ID: 2008340
• Math proficiency: 32% ▼ -3.00%
• Reading proficiency: 45% ▲ 1.00%
• Median HH income: $82,125
• Composite: 36.27/100
• National rank: #4703
• State rank: #25 of 169 in KS

Livability — Lansing

• Score: 76/100
• State rank: #52
• US rank: #3637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansing, KS
• County: Leavenworth County · 57,713 people
• City population: 11,056
• Metro: Kansas City, MO-KS
• Population (ZIP): 11,056
• Household income: $103,060
• Rent vs Own: 21.7% rent · 78.3% own
• Severe rent burden: 154.0

Population outlook (Leavenworth County) Hauer SSP2

• Today (2025): 85,138 people
• By 2030: 87,518 · +2.8%
• By 2040: 91,715 · +7.7%
• By 2050: 95,304 · +11.9%
• By 2075: 103,750 · +21.9%
• By 2100: 101,230 · +18.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 13% Two or more races 11% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Leavenworth

• 2024 margin: Strong R (+22.8) · D 37.6% · R 60.4% · Other 2.1%
• 2008→2024 swing: -11.2pp toward R · 2008: -11.6pp · 2024: -22.8pp
• All cycles: 2024: R+22.8 2020: R+21.1 2016: R+24.7 2012: R+20.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.88%
• Current HPI: 192.7951
• Rent YoY: —
• Metro: Kansas City, MO-KS
• State GDP YoY: —
• F500 in state: 0

Price history

+107.8% since first listed

15 events — show timeline

• 2026-05-16 Pending — Heartland MLS as Distributed by MLS Grid
• 2026-05-16 Listed $268,000 Heartland MLS as Distributed by MLS Grid
• 2026-05-08 Coming Soon $268,000 Heartland MLS as Distributed by MLS Grid
• 2023-08-17 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2023-07-10 Pending — Heartland MLS as Distributed by MLS Grid
• 2023-07-01 Listed $228,000 Heartland MLS as Distributed by MLS Grid
• 2019-09-05 Sold (Public Records) — Public Records
• 2019-09-03 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2019-07-25 Pending — Heartland MLS as Distributed by MLS Grid
• 2019-07-25 Contingent — Heartland MLS as Distributed by MLS Grid
• 2019-07-22 Price Changed $179,900 Heartland MLS as Distributed by MLS Grid
• 2019-07-18 Listed $183,900 Heartland MLS as Distributed by MLS Grid
• 2006-03-13 Sold (Public Records) — Public Records
• 2006-03-10 Sold (MLS) — Heartland MLS as Distributed by MLS Grid
• 2005-08-15 Listed $129,000 Heartland MLS as Distributed by MLS Grid

Property tax history

+6.7%/yr

Latest (2025): $3,865 · +2.7% YoY. Source: county tax records.