124 N Oak St · Rosedale, IN 47874

$150,000

3 bd · 1.0 ba · 2,476 sqft · SingleFamily public records · 55 Days on market

Built 1900 0.99 ac lot Est $149k · at est. ↓ 6% since listing

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Why this score? — see what drove the C- 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 +17.4/30.0
• Appreciation +10.0/10.0
• ARV discount +7.1/15.0
• DSCR +5.4/10.0
• 1% rule +3.3/10.0
• Livability +3.1/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Charming 4-bedroom, 1-bath home situated on three spacious lots! Enjoy plenty of room to spread out with a fully fenced yard and a two-story barn, perfect for a workshop, storage, or hobby area. This property offers the perfect blend of space, functionality, and potential — a great opportunity for anyone looking for room to grow! Let's Connect Today!

Key facts

• Two story barn
• Three spacious lots
• Fully fenced yard

Tags

• FULLY FENCED YARD
• TWO STORY BARN
• THREE SPACIOUS LOTS

Property features AI

Exterior

• Parking: Detached garage with garage door opener; 1 garage space
• Utilities: Public sewer
• Home design: Single family residence; One story
• Construction: Vinyl siding; Wood siding; Shingle roof
• Exterior features: Covered patio/porch; Barn(s); Outbuilding; Shed(s); Satellite dish

Interior

• Kitchen: Dishwasher; Gas oven; Gas range; Refrigerator
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air; Ceiling fans
• Interior features: Insulated windows; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $111 ($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 $125k (16.7% below list).
• Recommended offer: $125k (16.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#509 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment D, amenities F.
• Southwest Parke Community School Corporation (rural): math 34% / reading 36% proficiency, ranked #195 of 301 in IN (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rosedale Elementary School (math 42% / reading 32%, grade F, #550 of 994 statewide, top 57%, 312 students, 53% FRL); Riverton Parke Jr-Sr High School (math 23% / reading 39%, grade F, #303 of 369 statewide, top 82%, 472 students, 53% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: 17 active listings in the ZIP; 61 units permitted in Parke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• Parke County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $124,909 (16.7% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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. 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: 0.83% ✗
• Cap rate: 7.18%
• Cash-on-cash: 3.18%
• DSCR: 1.14
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $148,560
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
60 N Main St	0.24mi	2/1.5 (-1)	2,400 (-3%)	20mo	$145,000	$60	60
60 W Central St	0.28mi	4/2.0 (+1)	2,182 (-12%)	14mo	$52,000	$24	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.5%
• Equity multiple: 3.11×
• Total profit: $88,696
• Equity at exit: $135,132

10-year hold

• IRR: 23.2%
• Equity multiple: 7.08×
• Total profit: $255,467
• Equity at exit: $291,417

Cash invested: $42,000 (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 47874

• Home prices YoY: 9.2%
• Active inventory: 17
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,249 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$26 /mo · $318/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $111

Break-even live

Break-even rent $1,108

Max offer price $150,000

Occupancy floor 86%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $150,000 Active 55 DOM
2. 2026-06-18
   days on market $150,000 Active 54 DOM
3. 2026-06-17
   days on market $150,000 Active 53 DOM
4. 2026-06-16
   days on market $150,000 Active 52 DOM
5. 2026-06-15
   days on market $150,000 Active 51 DOM
6. 2026-06-14
   days on market $150,000 Active 49 DOM
7. 2026-06-13
   days on market $150,000 Active 48 DOM
8. 2026-06-10
   days on market $150,000 Active 46 DOM
9. 2026-06-09
   days on market $150,000 Active 45 DOM
10. 2026-06-08
    days on market $150,000 Active 44 DOM
11. 2026-06-07
    days on market $150,000 Active 43 DOM
12. 2026-06-03
    days on market $150,000 Active 39 DOM
13. 2026-06-02
    days on market $150,000 Active 38 DOM
14. 2026-06-01
    days on market $150,000 Active 37 DOM
15. 2026-05-31
    days on market $150,000 Active 36 DOM
16. 2026-05-30
    days on market $150,000 Active 35 DOM
17. 2026-04-25
    listed $150,000 Active
18. 2026-04-25
    listed $155,000 Active
19. 2026-01-21
    price $155,000
20. 2025-11-16
    price $158,400
21. 2025-10-23
    listed $160,000 Active

ⓘ 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: $318 · $26/mo
• Projected year-2 tax: $796 · $66/mo
• Expected delta: +$479/yr (+$40/mo · 150.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,989
• − Mortgage interest: −$8,402
• − Property taxes: −$318
• − Insurance: −$750
• − Repairs & maintenance: −$1,199
• − Management: −$1,199
• − Depreciation: −$4,364
• Taxable loss: −$1,243
• Est. tax savings @ 24.0%: +$298
• After-tax cash flow: $1,633/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: Southwest Parke Community School Corporation
• NCES district ID: 1810900
• Math proficiency: 34% ▼ -4.00%
• Reading proficiency: 36% ▼ -6.00%
• Median HH income: $42,288
• Composite: 29.61/100
• National rank: #6474
• State rank: #195 of 301 in IN

Livability — Rosedale

• Score: 61/100
• State rank: #509
• US rank: #18028

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rosedale, IN
• Population (ZIP): 2,950

Population outlook (Parke County) Hauer SSP2

• Today (2025): 15,937 people
• By 2030: 15,467 · -2.9%
• By 2040: 14,793 · -7.2%
• By 2050: 14,318 · -10.2%
• By 2075: 13,484 · -15.4%
• By 2100: 12,236 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99%
• Common ancestry: Italian 4% Romanian 2% Serbian 2%
• Foreign-born: 1%
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Parke

• 2024 margin: Solid R (+56.9) · D 20.6% · R 77.5% · Other 1.9%
• 2008→2024 swing: -42.8pp toward R · 2008: -14.1pp · 2024: -56.9pp
• All cycles: 2024: R+56.9 2020: R+55.5 2016: R+52.0 2012: R+32.6 2008: R+14.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 18.87%
• Current HPI: 225.1441
• 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

-6.2% since first listed

5 events — show timeline

• 2026-04-25 Listed $150,000 THAAR
• 2026-04-25 Listed $155,000 THAAR
• 2026-01-21 Price Changed $155,000 THAAR
• 2025-11-16 Price Changed $158,400 THAAR
• 2025-10-23 Listed $160,000 THAAR

Property tax history

+1.6%/yr

Latest (2024): $318 · +18.1% YoY. Source: county tax records.