333 E Ohio St · Dunkirk, IN 47336

$24,900

3 bd · 1.0 ba · 672 sqft · Manufactured public records · 110 Days on market

Built 1964 0.36 ac lot $37/sqft · 63% below area ↓ 13% since listing

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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
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

Key facts

• Gas furnace
• Vinyl windows
• Generous lot

Tags

• GENEROUS LOT
• VINYL SIDING
• VINYL WINDOWS
• SEALED ROOF
• GAS FURNACE
• OUTDOOR SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $25k.

Deal economics

• At list price, monthly cash flow is $583 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($936 rent vs $25k).
• Recommended offer: $23k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#404 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, health & safety D, amenities F.
• Jay School Corporation (rural): math 38% / reading 37% proficiency, ranked #175 of 301 in IN (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 34 active listings in the ZIP; 19 units permitted in Jay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($172 loan paydown + $906 appreciation (3.6% local appreciation)).
• Jay County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($23k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $22,659 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 3.76% ✓
• Cap rate: 34.38%
• Cash-on-cash: 100.30%
• DSCR: 5.46
• GRM: 2.2

CMA / ARV

• ARV (median comp): $66,689
• List price: $24,900
• Delta: -62.66%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Projected returns pro-forma

3.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.88×
• Total profit: $40,972
• Equity at exit: $12,104

10-year hold

• IRR: —
• Equity multiple: 14.31×
• Total profit: $92,823
• Equity at exit: $19,393

Cash invested: $6,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 47336

• Home prices YoY: 1.6%
• Active inventory: 34
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $936 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$15 /mo · $185/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $583

Break-even live

Break-even rent $198

Max offer price $24,900

Occupancy floor 33%

Sensitivity live

Price	-10% $597	-5% $590	+0% $583	+5% $576	+10% $569
Rent	-10% $509	-5% $546	+0% $583	+5% $620	+10% $657
Rate	-1.0pp $595	-0.5pp $589	base $583	+0.5pp $576	+1.0pp $570

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: $6,225
• Closing costs: $747
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-21
   days on market $24,900 Active 110 DOM
2. 2026-06-21
   days on market $24,900 Active 109 DOM
3. 2026-06-18
   days on market $24,900 Active 107 DOM
4. 2026-06-17
   days on market $24,900 Active 106 DOM
5. 2026-06-16
   days on market $24,900 Active 105 DOM
6. 2026-06-15
   days on market $24,900 Active 104 DOM
7. 2026-06-13
   days on market $24,900 Active 102 DOM
8. 2026-06-12
   days on market $24,900 Active 101 DOM
9. 2026-06-09
   days on market $24,900 Active 98 DOM
10. 2026-06-08
    days on market $24,900 Active 97 DOM
11. 2026-06-07
    days on market $24,900 Active 96 DOM
12. 2026-06-05
    days on market $24,900 Active 94 DOM
13. 2026-06-04
    days on market $24,900 Active 92 DOM
14. 2026-06-02
    days on market $24,900 Active 91 DOM
15. 2026-06-01
    days on market $24,900 Active 90 DOM
16. 2026-05-31
    days on market $24,900 Active 89 DOM
17. 2026-05-31
    days on market $24,900 Active 88 DOM
18. 2026-05-11
    price $25,900 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

19. 2026-05-11
    price $25,900 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

20. 2026-04-27
    price $26,900 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

21. 2026-04-27
    price $26,900 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

22. 2026-04-17
    price $27,900 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

23. 2026-04-17
    price $27,900 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

24. 2026-03-30
    price $28,900 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

25. 2026-03-30
    price $28,900 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

26. 2026-03-23
    price $29,500 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

27. 2026-03-23
    price $29,500 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

28. 2026-03-03
    listed $29,900 Active 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

29. 2026-03-03
    listed $29,900 Active 522-char remark

    Show marketing remark (522 chars)

    Opportunity awaits in this single wide mobile home situated on a generous 120x132 lot in a quiet small-town setting. Offering 2 bedrooms and 1 full bath, this property is ready for renovation and updates. The plumbing and water heater have been removed, providing a blank slate for improvements. Exterior features include vinyl siding, vinyl windows, and a roof that was sealed in 2024. Gas furnace in place. With plenty of outdoor space and potential, this property is ideal for investors or buyers looking for a project.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $185 · $15/mo
• Projected year-2 tax: $198 · $17/mo
• Expected delta: +$14/yr (+$1/mo · 7.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,226
• − Mortgage interest: −$1,395
• − Property taxes: −$185
• − Insurance: −$124
• − Repairs & maintenance: −$898
• − Management: −$898
• − Depreciation: −$724
• Taxable income: $7,002
• Est. tax owed @ 24.0%: −$1,680
• After-tax cash flow: $5,312/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: Jay School Corporation
• NCES district ID: 1804980
• Math proficiency: 38% ▼ -13.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $40,841
• Composite: 31.56/100
• National rank: #5954
• State rank: #175 of 301 in IN

Livability — Dunkirk

• Score: 64/100
• State rank: #404
• US rank: #14764

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dunkirk, IN
• Population (ZIP): 2,793

Population outlook (Jay County) Hauer SSP2

• Today (2025): 20,586 people
• By 2030: 20,155 · -2.1%
• By 2040: 19,274 · -6.4%
• By 2050: 18,203 · -11.6%
• By 2075: 15,062 · -26.8%
• By 2100: 10,857 · -47.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Italian 4% Slovak 2% Scotch-Irish 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Jay

• 2024 margin: Solid R (+55.2) · D 21.6% · R 76.7% · Other 1.7%
• 2008→2024 swing: -47.3pp toward R · 2008: -7.8pp · 2024: -55.2pp
• All cycles: 2024: R+55.2 2020: R+52.4 2016: R+47.8 2012: R+20.0 2008: R+7.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.64%
• Current HPI: 238.768
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

-13.4% since first listed

12 events — show timeline

• 2026-05-11 Price Changed $25,900 IRMLS
• 2026-05-11 Price Changed $25,900 MIBOR as Distributed by MLS Grid
• 2026-04-27 Price Changed $26,900 MIBOR as Distributed by MLS Grid
• 2026-04-27 Price Changed $26,900 IRMLS
• 2026-04-17 Price Changed $27,900 IRMLS
• 2026-04-17 Price Changed $27,900 MIBOR as Distributed by MLS Grid
• 2026-03-30 Price Changed $28,900 IRMLS
• 2026-03-30 Price Changed $28,900 MIBOR as Distributed by MLS Grid
• 2026-03-23 Price Changed $29,500 IRMLS
• 2026-03-23 Price Changed $29,500 MIBOR as Distributed by MLS Grid
• 2026-03-03 Listed $29,900 MIBOR as Distributed by MLS Grid
• 2026-03-03 Listed $29,900 IRMLS

Property tax history

-7.2%/yr

Latest (2024): $185 · -5.5% YoY. Source: county tax records.