1313 E Saint Clair St · Vincennes, IN 47591

$88,500

3 bd · 1.0 ba · 1,170 sqft · SingleFamily public records · 156 Days on market

Built 1922 6,490 sqft lot $76/sqft · 30% below area Est $126k · 30% under

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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 +26.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +6.0/10.0
• Livability +3.5/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom 1 bath home has vintage charm along with a low maintenance yard. Outside amenities are a front covered porch, a back deck, low maintenance yard, and off street parking off of the alley.

Key facts

• Front covered porch
• Low maintenance yard
• Off street parking

Tags

• FRONT COVERED PORCH
• BACK DECK
• LOW MAINTENANCE YARD
• OFF STREET PARKING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $88k.

Deal economics

• At list price, monthly cash flow is $233 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($975 rent vs $88k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 5.0% in Vincennes — 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 70/100 on livability (#148 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, amenities F, commute F.
• Vincennes Community School Corporation (town): math 34% / reading 38% proficiency, ranked #193 of 301 in IN (top 64%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 139 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 36 units permitted in Knox County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $612 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Knox County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 156 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 6y ago; this cycle's ask has dropped $11k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,880 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — 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: 1.10% ✓
• Cap rate: 9.45%
• Cash-on-cash: 11.27%
• DSCR: 1.50
• GRM: 7.6

CMA / ARV

• ARV (median comp): $125,750
• List price: $88,500
• Delta: -29.62%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1306 Ridgeway Ave	0.31mi	3/1.0	1,144 (-2%)	1mo	$97,000	$85	81
1218 Mckinley Ave	0.23mi	2/1.0 (-1)	1,206 (+3%)	0mo	$185,000	$153	79
1203 Ritterskamp Ave	0.36mi	3/1.0	1,194 (+2%)	6mo	$137,500	$115	75
862 Ridgeway Ave	0.42mi	3/2.0	1,188 (+2%)	2mo	$159,000	$134	72
1151 E St. Clair St	0.18mi	2/1.0 (-1)	1,096 (-6%)	6mo	$105,900	$97	71
1001 E Locust St	0.33mi	2/1.0 (-1)	1,092 (-7%)	1mo	$65,000	$60	68
1704 Indiana Ave	0.38mi	2/1.0 (-1)	1,128 (-4%)	4mo	$130,000	$115	68
1303 N Upper 11th St	0.23mi	2/1.5 (-1)	1,298 (+11%)	1mo	$121,000	$93	64
914 N 9th St	0.55mi	2/1.5 (-1)	1,186 (+1%)	4mo	$73,501	$62	62
1172 E Locust St	0.17mi	2/1.0 (-1)	1,008 (-14%)	4mo	$130,000	$129	61
1818 Indiana Ave	0.39mi	3/1.5	1,274 (+9%)	8mo	$66,435	$52	59
911 N 9th St	0.53mi	3/1.0	1,296 (+11%)	1mo	$27,500	$21	56

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: 0.5%
• Equity multiple: 1.02×
• Total profit: $454
• Equity at exit: $13,196

10-year hold

• IRR: 10.1%
• Equity multiple: 1.78×
• Total profit: $19,360
• Equity at exit: $7,652

Cash invested: $24,780 (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 47591

• Home prices YoY: -19.5%
• Active inventory: 139
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $975 medium
• Mortgage (P&I): −$464
• Tax from tax record: −$36 /mo · $438/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$205
• Net cashflow: $233

Break-even live

Break-even rent $680

Max offer price $88,500

Occupancy floor 71%

Sensitivity live

Price	-10% $283	-5% $258	+0% $233	+5% $208	+10% $183
Rent	-10% $156	-5% $194	+0% $233	+5% $271	+10% $310
Rate	-1.0pp $277	-0.5pp $255	base $233	+0.5pp $210	+1.0pp $187

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: $22,125
• Closing costs: $2,655
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
721 N 7th St Unit A Vincennes, IN	2.0	1.0	1000	$975	$0.97	44d	1	0.71mi

Listing history 11 events

1. 2026-02-19
   status Active 200-char remark

   Show marketing remark (200 chars)

   This 3 bedroom 1 bath home has vintage charm along with a low maintenance yard. Outside amenities are a front covered porch, a back deck, low maintenance yard, and off street parking off of the alley.

2. 2026-02-05
   status Pending 200-char remark

   Show marketing remark (200 chars)

   This 3 bedroom 1 bath home has vintage charm along with a low maintenance yard. Outside amenities are a front covered porch, a back deck, low maintenance yard, and off street parking off of the alley.

3. 2026-01-09
   price $88,500 200-char remark

   Show marketing remark (200 chars)

   This 3 bedroom 1 bath home has vintage charm along with a low maintenance yard. Outside amenities are a front covered porch, a back deck, low maintenance yard, and off street parking off of the alley.

4. 2025-12-16
   status Active 200-char remark

   Show marketing remark (200 chars)

   This 3 bedroom 1 bath home has vintage charm along with a low maintenance yard. Outside amenities are a front covered porch, a back deck, low maintenance yard, and off street parking off of the alley.

5. 2025-12-06
   status Pending 200-char remark

   Show marketing remark (200 chars)

   This 3 bedroom 1 bath home has vintage charm along with a low maintenance yard. Outside amenities are a front covered porch, a back deck, low maintenance yard, and off street parking off of the alley.

6. 2025-11-25
   listed $99,500 Active 200-char remark

   Show marketing remark (200 chars)

   This 3 bedroom 1 bath home has vintage charm along with a low maintenance yard. Outside amenities are a front covered porch, a back deck, low maintenance yard, and off street parking off of the alley.

7. 2021-04-05
   soldstatus $81,900 372-char remark

   Show marketing remark (372 chars)

   Home Warranty Program included with this spacious 3 bedroom home featuring large living room, large dining room, kitchen with appliances, remodeled bath, main level laundry, hardwood floors, updates include water lines, ceiling fans, faucets, freshly painted throughout & more plus basement that offers lots of storage & off-street parking at back of property.

8. 2021-01-26
   listed $79,900 372-char remark

   Show marketing remark (372 chars)

   Home Warranty Program included with this spacious 3 bedroom home featuring large living room, large dining room, kitchen with appliances, remodeled bath, main level laundry, hardwood floors, updates include water lines, ceiling fans, faucets, freshly painted throughout & more plus basement that offers lots of storage & off-street parking at back of property.

9. 2020-07-29
   soldstatus $67,000
10. 2020-06-11
    listed $74,900
11. 2009-06-08
    soldstatus $42,000

ⓘ 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: $438 · $36/mo
• Projected year-2 tax: $595 · $50/mo
• Expected delta: +$157/yr (+$13/mo · 35.9%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $11,700
• − Mortgage interest: −$4,957
• − Property taxes: −$438
• − Insurance: −$442
• − Repairs & maintenance: −$936
• − Management: −$936
• − Depreciation: −$2,575
• Taxable income: $1,416
• Est. tax owed @ 24.0%: −$340
• After-tax cash flow: $2,454/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: Vincennes Community School Corporation
• NCES district ID: 1812120
• Math proficiency: 34% ▼ -5.00%
• Reading proficiency: 38% ▼ -4.00%
• Median HH income: $38,359
• Composite: 30.05/100
• National rank: #6354
• State rank: #193 of 301 in IN

Livability — Vincennes

• Score: 70/100
• State rank: #148
• US rank: #7480

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vincennes, IN
• Population (ZIP): 25,191

Population outlook (Knox County) Hauer SSP2

• Today (2025): 37,092 people
• By 2030: 36,271 · -2.2%
• By 2040: 34,196 · -7.8%
• By 2050: 32,405 · -12.6%
• By 2075: 28,754 · -22.5%
• By 2100: 24,110 · -35.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 3% Black 2% Asian 1%
• Common ancestry: Lithuanian 4% Romanian 2% Slovak 2%
• Foreign-born: 3% · Canada, China
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1% Chinese 1%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+50.4) · D 24.0% · R 74.4% · Other 1.6%
• 2008→2024 swing: -43.9pp toward R · 2008: -6.5pp · 2024: -50.4pp
• All cycles: 2024: R+50.4 2020: R+47.4 2016: R+47.2 2012: R+28.9 2008: R+6.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.26%
• Current HPI: 194.903
• 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

+110.7% since first listed

11 events — show timeline

• 2026-02-19 Relisted — IRMLS
• 2026-02-05 Pending — IRMLS
• 2026-01-09 Price Changed $88,500 IRMLS
• 2025-12-16 Relisted — IRMLS
• 2025-12-06 Pending — IRMLS
• 2025-11-25 Listed $99,500 IRMLS
• 2021-04-05 Sold (MLS) $81,900 IRMLS
• 2021-01-26 Listed $79,900 IRMLS
• 2020-07-29 Sold (MLS) $67,000 IRMLS
• 2020-06-11 Listed $74,900 IRMLS
• 2009-06-08 Sold (Public Records) $42,000 Public Records

Property tax history

-10.6%/yr

Latest (2024): $438 · -44.7% YoY. Source: county tax records.