107 West St · Dunreith, IN 47337

$134,900

3 bd · 1.0 ba · 1,368 sqft · SingleFamily public records · 7 Days on market

Built 1900 0.27 ac lot Est $227k · 41% under

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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 +22.5/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• Appreciation +5.0/10.0
• 1% rule +4.8/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Welcome to this two-story home in the town of Dunreith, IN. Situated on a corner lot with beautiful farm views, this property offers the perfect blend of small-town convenience and peaceful country scenery. With 1,368 square feet of living space, the home features 3 bedrooms, 1 full bathroom, and an attached garage. The spacious backyard provides plenty of room for outdoor activities, gardening, or entertaining. Enjoy the benefits of city utilities while taking in the surrounding rural views. Whether you’re looking for your first home or a peaceful place to settle down, this property offers comfort, convenience, and country charm.

Key facts

• City utilities
• Rural views
• Spacious backyard

Tags

• CORNER LOT
• FARM VIEWS
• SPACIOUS BACKYARD
• CITY UTILITIES
• RURAL VIEWS

Property features AI

Exterior

• Parking: Attached garage (1 car, ~450 sq ft)
• Utilities: Public water; Municipal sewer connected
• Home design: Single-family residence; One and one-half stories
• Construction: Vinyl siding; Partial foundation
• Exterior features: Approximately 0.27-acre lot (about 1/4–1/2 acre)

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: 3 bedrooms total — 1 on the main level, 2 on the upper level
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Hardwood floors; Partial finished basement
• Laundry & utility: Mud room (main level)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/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 $132k (2.0% below list).
• Recommended offer: $132k (2.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 58/100 on livability (#586 in IN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: health & safety C-, employment D+, crime D.
• South Henry School Corporation (rural): math 25% / reading 27% proficiency, ranked #258 of 301 in IN (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Tri Elementary School (math 37% / reading 22%, grade F, #697 of 994 statewide, top 73%, 315 students, 55% FRL); Tri Junior-Senior High School (math 19% / reading 29%, grade F, #336 of 369 statewide, top 91%, 438 students, 48% FRL) — zoned schools average 52% FRL vs 35% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 1 active listings in the ZIP; 47 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($933 loan paydown + $4k appreciation (3.0% local appreciation)).
• Henry County population projected at -12% 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 $38k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 10y 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 $52k; list at $135k implies a 159% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,211 (2.0% below list)

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.98% ✗
• Cap rate: 8.32%
• Cash-on-cash: 7.25%
• DSCR: 1.32
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $227,088
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
208 Washington St	0.18mi	3/1.0	1,477 (+8%)	6mo	$125,000	$85	73
406 W Cherry St	0.04mi	2/2.0 (-1)	1,566 (+14%)	24mo	$260,000	$166	45
406 W Cherry St	0.12mi	2/2.0 (-1)	1,566 (+14%)	24mo	$260,000	$166	42

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: 14.3%
• Equity multiple: 1.81×
• Total profit: $30,729
• Equity at exit: $60,657

10-year hold

• IRR: 16.0%
• Equity multiple: 3.36×
• Total profit: $88,980
• Equity at exit: $93,479

Cash invested: $37,772 (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 47337

• Active inventory: 1
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,322 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$53 /mo · $632/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $228

Break-even live

Break-even rent $1,033

Max offer price $134,900

Occupancy floor 78%

Sensitivity live

Price	-10% $304	-5% $266	+0% $228	+5% $190	+10% $152
Rent	-10% $124	-5% $176	+0% $228	+5% $280	+10% $333
Rate	-1.0pp $296	-0.5pp $262	base $228	+0.5pp $193	+1.0pp $158

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-19
   days on market $134,900 Active 7 DOM
2. 2026-06-18
   days on market $134,900 Active 6 DOM
3. 2026-06-17
   days on market $134,900 Active 5 DOM
4. 2026-06-16
   days on market $134,900 Active 4 DOM
5. 2026-06-15
   days on market $134,900 Active 3 DOM
6. 2026-06-13
   remarks 638-char remark
7. 2026-06-13
   listed $134,900 Active 1 DOM

ⓘ 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: $632 · $53/mo
• Projected year-2 tax: $890 · $74/mo
• Expected delta: +$257/yr (+$21/mo · 40.7%)

ⓘ 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 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,865
• − Mortgage interest: −$7,556
• − Property taxes: −$632
• − Insurance: −$674
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − Depreciation: −$3,924
• Taxable income: $539
• Est. tax owed @ 24.0%: −$129
• After-tax cash flow: $2,608/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: South Henry School Corporation
• NCES district ID: 1810380
• Math proficiency: 25% ▼ -15.00%
• Reading proficiency: 27% ▼ -14.00%
• Median HH income: $47,772
• Composite: 22.67/100
• National rank: #8045
• State rank: #258 of 301 in IN

Livability — Dunreith

• Score: 58/100
• State rank: #586
• US rank: #21001

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dunreith, IN
• City population: 196
• Population (ZIP): 196

Population outlook (Henry County) Hauer SSP2

• Today (2025): 48,028 people
• By 2030: 47,125 · -1.9%
• By 2040: 44,820 · -6.7%
• By 2050: 42,207 · -12.1%
• By 2075: 35,814 · -25.4%
• By 2100: 26,779 · -44.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Hispanic / Latino 2%
• Common ancestry: Italian 5% Slovak 2% Scottish 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Henry

• 2024 margin: Solid R (+47.7) · D 25.3% · R 73.0% · Other 1.7%
• 2008→2024 swing: -43.8pp toward R · 2008: -3.9pp · 2024: -47.7pp
• All cycles: 2024: R+47.7 2020: R+45.2 2016: R+43.7 2012: R+17.0 2008: R+3.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+145.3% since first listed

8 events — show timeline

• 2026-06-12 Listed $134,900 MIBOR as Distributed by MLS Grid
• 2026-06-12 Listed $134,900 IRMLS
• 2017-06-30 Sold (MLS) $52,000 MIBOR as Distributed by MLS Grid
• 2017-06-30 Sold (MLS) $52,000 IRMLS
• 2017-06-05 Sold (MLS) $52,000 RRELMS
• 2016-08-10 Listed $55,000 RRELMS
• 2016-08-10 Listed $55,000 MIBOR as Distributed by MLS Grid
• 2016-08-10 Listed $55,000 IRMLS

Property tax history

+16.7%/yr

Latest (2024): $632 · +9.1% YoY. Source: county tax records.