611 Clydesdale Ln · Bargersville, IN 46106

$279,900

3 bd · 2.0 ba · 1,320 sqft · SingleFamily public records · 5 Days on market

Built 1997 0.29 ac lot Est $260k · 8% over

---

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 +13.2/30.0
• ARV discount +4.1/15.0
• DSCR +4.0/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Schedule your showing TODAY on this super cute home in Country Meadows! Well maintained 3bd/2ba ranch in Bargersville with large fenced in back yard, fire pit, garden space, storage shed, & plenty of privacy that backs up to an open field. Eat in Kitchen w/pantry, plenty of off white cabinets. SPLIT BEDROOM floor plan. Large Master Bdrm/Master Bath has double sinks! Great Room has VAULTED ceiling. All APPLIANCES stay including WASHER & DRYER. Seller is offering HOME WARRANTY with the home!

Key facts

• Vaulted ceiling
• Gardening oasis
• 0.29 acre lot

Tags

• OPEN-CONCEPT LIVING ROOM
• ENGINEERED BAMBOO FLOORS
• VAULTED CEILING
• CROWN-MOLDED CABINETRY
• FULLY FENCED BACKYARD
• GARDENING OASIS

Property features AI

Finance

• Other: Approximately 0.29-acre lot (about 1/4–1/2 acre); Lot includes curbs, sidewalks, storm sewer, and street lights; Low-maintenance lifestyle: No

Exterior

• Parking: Attached garage with two spaces; Garage includes door opener and keyless entry
• Utilities: Public water; Municipal sewer connected; Natural gas connected; Cable available
• Home design: Single-family residence; One level (single-story); Has a view
• Construction: Brick and vinyl siding exterior; Slab foundation
• Exterior features: Covered patio; Patio; Fire pit; Full yard fence

Interior

• Kitchen: Dishwasher; Disposal; Over-the-range microwave (microhood); Electric oven; Refrigerator
• Bedrooms: Three bedrooms on the main level; Primary bedroom has a split layout and a walk-in closet
• Flooring: Hardwood floors
• Bathrooms: Two full bathrooms on the main level; Primary bath features double sinks, suite layout, and a tub with shower
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Attic access; Vaulted ceilings; Hardwood floors; Walk-in closet(s); Painted woodwork; Smoke alarm
• Laundry & utility: Main-level laundry (laundry in unit)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $-7 ($-88/yr) — negative.
• To cash-flow at today's rent, offer at most $279k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $221k (20.9% below list).
• Recommended offer: $221k (20.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#150 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: amenities F, commute F, health & safety F.
• Franklin Community School Corporation (suburban): math 36% / reading 44% proficiency, ranked #133 of 301 in IN (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Franklin Community High School (math 29% / reading 69%, grade D, #136 of 369 statewide, top 37%, 1,610 students, 41% FRL).
• Market conditions: 16 active listings in the ZIP; high-income renter base; 1,133 units permitted in Johnson County in 2024 (0 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.
• Johnson County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 12y 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 $131k; list at $280k implies a 113% gain — meaningful room to come down on a strong offer.

Recommended offer $221,284 (20.9% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
5. 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.
6. 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.
7. 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: 0.79% ✗
• Cap rate: 6.26%
• Cash-on-cash: -0.11%
• DSCR: 1.00
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $260,040
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
593 Clydesdale Ln	0.02mi	3/2.0	1,429 (+8%)	9mo	$258,000	$181	78
668 Appaloosa Dr	0.28mi	3/2.0	1,348 (+2%)	10mo	$278,000	$206	76
939 Arabian Way	0.21mi	3/2.0	1,374 (+4%)	10mo	$270,000	$197	75
956 Arabian Way	0.17mi	3/2.0	1,292 (-2%)	24mo	$268,000	$207	68
1011 Arabian Way	0.16mi	3/2.0	1,248 (-6%)	20mo	$255,000	$204	67
954 W Palomino Pl	0.15mi	3/2.0	1,428 (+8%)	14mo	$233,000	$163	67
1262 E 2 Cent Rd	0.15mi	3/2.0	1,404 (+6%)	21mo	$279,999	$199	65
1061 Belgium Blvd	0.05mi	3/2.0	1,507 (+14%)	17mo	$275,000	$182	60
175 Cemetery Hill Rd	0.52mi	3/2.0	1,248 (-6%)	19mo	$232,500	$186	51

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: -16.5%
• Equity multiple: 0.41×
• Total profit: $-45,899
• Equity at exit: $41,734

10-year hold

• IRR: -8.4%
• Equity multiple: 0.48×
• Total profit: $-40,879
• Equity at exit: $24,201

Cash invested: $78,372 (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 46106

• Home prices YoY: -32.9%
• Active inventory: 16
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,213 medium
• Mortgage (P&I): −$1,468
• Tax from tax record: −$171 /mo · $2,052/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $-7

Break-even live

Break-even rent $2,222

Max offer price $278,607

Occupancy floor 95%

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-05-21
   listed $279,900 Active
2. 2017-08-11
   soldstatus $131,250 Sold 503-char remark

   Show marketing remark (503 chars)

   Schedule your showing TODAY on this super cute home in Country Meadows! Well maintained 3bd/2ba ranch in Bargersville with large fenced in back yard, fire pit, garden space, storage shed, & plenty of privacy that backs up to an open field. Eat in Kitchen w/pantry, plenty of off white cabinets. SPLIT BEDROOM floor plan. Large Master Bdrm/Master Bath has double sinks! Great Room has VAULTED ceiling. All APPLIANCES stay including WASHER & DRYER. Seller is offering HOME WARRANTY with the home!

3. 2017-07-27
   status Pending 503-char remark

   Show marketing remark (503 chars)

   Schedule your showing TODAY on this super cute home in Country Meadows! Well maintained 3bd/2ba ranch in Bargersville with large fenced in back yard, fire pit, garden space, storage shed, & plenty of privacy that backs up to an open field. Eat in Kitchen w/pantry, plenty of off white cabinets. SPLIT BEDROOM floor plan. Large Master Bdrm/Master Bath has double sinks! Great Room has VAULTED ceiling. All APPLIANCES stay including WASHER & DRYER. Seller is offering HOME WARRANTY with the home!

4. 2017-07-26
   listed Active with Contingency 503-char remark

   Show marketing remark (503 chars)

   Schedule your showing TODAY on this super cute home in Country Meadows! Well maintained 3bd/2ba ranch in Bargersville with large fenced in back yard, fire pit, garden space, storage shed, & plenty of privacy that backs up to an open field. Eat in Kitchen w/pantry, plenty of off white cabinets. SPLIT BEDROOM floor plan. Large Master Bdrm/Master Bath has double sinks! Great Room has VAULTED ceiling. All APPLIANCES stay including WASHER & DRYER. Seller is offering HOME WARRANTY with the home!

5. 2017-07-25
   soldstatus $131,250 Sold 503-char remark

   Show marketing remark (503 chars)

   Schedule your showing TODAY on this super cute home in Country Meadows! Well maintained 3bd/2ba ranch in Bargersville with large fenced in back yard, fire pit, garden space, storage shed, & plenty of privacy that backs up to an open field. Eat in Kitchen w/pantry, plenty of off white cabinets. SPLIT BEDROOM floor plan. Large Master Bdrm/Master Bath has double sinks! Great Room has VAULTED ceiling. All APPLIANCES stay including WASHER & DRYER. Seller is offering HOME WARRANTY with the home!

6. 2017-06-30
   historical Active with Contingency 503-char remark

   Show marketing remark (503 chars)

   Schedule your showing TODAY on this super cute home in Country Meadows! Well maintained 3bd/2ba ranch in Bargersville with large fenced in back yard, fire pit, garden space, storage shed, & plenty of privacy that backs up to an open field. Eat in Kitchen w/pantry, plenty of off white cabinets. SPLIT BEDROOM floor plan. Large Master Bdrm/Master Bath has double sinks! Great Room has VAULTED ceiling. All APPLIANCES stay including WASHER & DRYER. Seller is offering HOME WARRANTY with the home!

7. 2017-06-29
   listed $131,900 Active 503-char remark

   Show marketing remark (503 chars)

   Schedule your showing TODAY on this super cute home in Country Meadows! Well maintained 3bd/2ba ranch in Bargersville with large fenced in back yard, fire pit, garden space, storage shed, & plenty of privacy that backs up to an open field. Eat in Kitchen w/pantry, plenty of off white cabinets. SPLIT BEDROOM floor plan. Large Master Bdrm/Master Bath has double sinks! Great Room has VAULTED ceiling. All APPLIANCES stay including WASHER & DRYER. Seller is offering HOME WARRANTY with the home!

8. 2014-10-01
   historical
9. 2014-08-03
   listed $117,900
10. 2009-08-10
    soldstatus $108,000

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

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $2,052 · $171/mo
• Projected year-2 tax: $2,216 · $185/mo
• Expected delta: +$163/yr (+$14/mo · 8.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,554
• − Mortgage interest: −$15,679
• − Property taxes: −$2,052
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,124
• − Management: −$2,124
• − Depreciation: −$8,143
• Taxable loss: −$4,968
• Est. tax savings @ 24.0%: +$1,192
• After-tax cash flow: $1,104/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: Franklin Community School Corporation
• NCES district ID: 1803690
• Math proficiency: 36% ▼ -11.00%
• Reading proficiency: 44% ▼ -8.00%
• Median HH income: $54,855
• Composite: 34.93/100
• National rank: #5066
• State rank: #133 of 301 in IN

Livability — Bargersville

• Score: 70/100
• State rank: #150
• US rank: #7573

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bargersville, IN
• County: Johnson County · 154,261 people
• City population: 10,159
• Metro: Indianapolis-Carmel-Anderson, IN
• Population (ZIP): 10,159
• Household income: $120,072
• Rent vs Own: 16.6% rent · 83.4% own
• Severe rent burden: 335.0

Population outlook (Johnson County) Hauer SSP2

• Today (2025): 170,080 people
• By 2030: 179,983 · +5.8%
• By 2040: 198,580 · +16.8%
• By 2050: 214,661 · +26.2%
• By 2075: 247,990 · +45.8%
• By 2100: 257,821 · +51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Asian 3% Black 1% Hispanic / Latino 1%
• Common ancestry: Iranian 10% Romanian 3% Portuguese 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Johnson

• 2024 margin: Solid R (+34.3) · D 32.0% · R 66.3% · Other 1.7%
• 2008→2024 swing: -8.9pp toward R · 2008: -25.5pp · 2024: -34.3pp
• All cycles: 2024: R+34.3 2020: R+34.1 2016: R+42.5 2012: R+38.5 2008: R+25.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -107.10%
• Current HPI: 218.0302
• Rent YoY: —
• Metro: Indianapolis-Carmel-Anderson, IN
• 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

+159.2% since first listed

10 events — show timeline

• 2026-05-21 Listed $279,900 MIBOR as Distributed by MLS Grid
• 2017-08-11 Sold (MLS) $131,250 MIBOR as Distributed by MLS Grid
• 2017-07-27 Pending — MIBOR as Distributed by MLS Grid
• 2017-07-26 Listed — MIBOR as Distributed by MLS Grid
• 2017-07-25 Sold (MLS) $131,250 MIBOR as Distributed by MLS Grid
• 2017-06-30 Contingent — MIBOR as Distributed by MLS Grid
• 2017-06-29 Listed $131,900 MIBOR as Distributed by MLS Grid
• 2014-10-01 Listing Removed — MIBOR as Distributed by MLS Grid
• 2014-08-03 Listed $117,900 MIBOR as Distributed by MLS Grid
• 2009-08-10 Sold (Public Records) $108,000 Public Records

Property tax history

+7.7%/yr

Latest (2024): $2,052 · +9.8% YoY. Source: county tax records.