206 W Weninger St · North Judson, IN 46366

$21,000

2 bd · 2.0 ba · 1,120 sqft · SingleFamily public records · 7 Days on market

Built 1942 8,145 sqft lot ↓ 47% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Super clean home with fenced in yard, awesome landscaping, beautiful bathrooms and wood burning stove for added efficiency. Ceiling fans throughout for excellent air flow, blocked patios and huge closets in the Master. Great home at a great price!

Key facts

• 8,145 sq ft lot
• Built 1942
• Listed 7 days

Tags

• PRIVATE DEDICATED DRIVEWAY

Property features AI

Finance

• Other: Property vacant

Exterior

• Utilities: Public water; Public sewer
• Home design: One-story home; Built in 1942
• Construction: Assessor-reported living area above grade: 1,120; Crawl space foundation
• Exterior features: Neighborhood view

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Primary bedroom; Second bedroom
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Eat-in kitchen; Crawl space basement

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $21k.

Deal economics

• At list price, monthly cash flow is $626 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($994 rent vs $21k).
• Cap rate 42.1% vs local median 3.7% in North Judson — 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 63/100 on livability (#423 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, schools D-, amenities F.
• North Judson-San Pierre School Corporation (rural): math 30% / reading 35% proficiency, ranked #218 of 301 in IN (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 38 active listings in the ZIP; 58 units permitted in Starke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $145 of loan paydown is wiped out by about $630 of value loss. Plan a longer hold.
• Starke County population projected at -23% 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 $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 20y 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.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $21,000

Questions for the listing agent

1. Built in 1942 — 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 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?
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: 4.73% ✓
• Cap rate: 42.08%
• Cash-on-cash: 127.80%
• DSCR: 6.69
• GRM: 1.8

CMA / ARV

• ARV (on-the-fly): $166,880
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
305 Garden St	0.30mi	2/1.0	1,158 (+3%)	2mo	$167,000	$144	75
408 Keller Ave	0.31mi	3/1.0 (+1)	1,164 (+4%)	6mo	$93,000	$80	65
702 Cherry St	0.41mi	2/2.0	1,090 (-3%)	20mo	$190,500	$175	60
201 Sheridan Ave	0.29mi	3/2.5 (+1)	1,274 (+14%)	4mo	$212,400	$167	54
204 E State Rd	0.22mi	3/1.0 (+1)	1,231 (+10%)	14mo	$195,000	$158	53
408 Sheridan Ave	0.42mi	3/1.0 (+1)	1,040 (-7%)	12mo	$150,000	$144	49
401 Keller Ave	0.30mi	3/1.0 (+1)	964 (-14%)	9mo	$39,000	$40	46
707 Main St	0.70mi	2/1.0	1,040 (-7%)	14mo	$155,000	$149	40

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: —
• Equity multiple: 7.21×
• Total profit: $36,505
• Equity at exit: $3,131

10-year hold

• IRR: —
• Equity multiple: 15.16×
• Total profit: $83,241
• Equity at exit: $1,816

Cash invested: $5,880 (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 46366

• Home prices YoY: -12.7%
• Active inventory: 38
• Price-to-rent: 1.8×

Monthly cashflow live

• Estimated rent: $994 medium
• Mortgage (P&I): −$110
• Tax from tax record: −$40 /mo · $482/yr
• Insurance: −$9
• HOA: −$0
• Vacancy / Maint / Mgmt: −$209
• Net cashflow: $626

Break-even live

Break-even rent $201

Max offer price $21,000

Occupancy floor 32%

Sensitivity live

Price	-10% $638	-5% $632	+0% $626	+5% $620	+10% $614
Rent	-10% $548	-5% $587	+0% $626	+5% $665	+10% $705
Rate	-1.0pp $637	-0.5pp $632	base $626	+0.5pp $621	+1.0pp $615

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: $5,250
• Closing costs: $630
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-04
   statusdays on market $21,000 Pending 7 DOM
2. 2026-06-02
   days on market $21,000 Active 6 DOM
3. 2026-06-01
   days on market $21,000 Active 5 DOM
4. 2026-05-31
   days on market $21,000 Active 4 DOM
5. 2026-05-31
   days on market $21,000 Active 3 DOM
6. 2026-05-26
   listed $21,000 Active
7. 2025-08-05
   soldstatus $70,241
8. 2014-09-09
   historical
9. 2014-07-11
   soldstatus $64,000 247-char remark

   Show marketing remark (247 chars)

   Super clean home with fenced in yard, awesome landscaping, beautiful bathrooms and wood burning stove for added efficiency. Ceiling fans throughout for excellent air flow, blocked patios and huge closets in the Master. Great home at a great price!

10. 2014-07-11
    soldstatus $64,000

    Show marketing remark (247 chars)

    Super clean home with fenced in yard, awesome landscaping, beautiful bathrooms and wood burning stove for added efficiency. Ceiling fans throughout for excellent air flow, blocked patios and huge closets in the Master. Great home at a great price!

11. 2014-04-01
    listed $64,900 247-char remark

    Show marketing remark (247 chars)

    Super clean home with fenced in yard, awesome landscaping, beautiful bathrooms and wood burning stove for added efficiency. Ceiling fans throughout for excellent air flow, blocked patios and huge closets in the Master. Great home at a great price!

12. 2014-04-01
    listed $64,900

    Show marketing remark (247 chars)

    Super clean home with fenced in yard, awesome landscaping, beautiful bathrooms and wood burning stove for added efficiency. Ceiling fans throughout for excellent air flow, blocked patios and huge closets in the Master. Great home at a great price!

13. 2012-06-19
    soldstatus $45,000
14. 2012-06-14
    soldstatus $45,000
15. 2011-08-02
    listed $49,900
16. 2007-01-19
    historical
17. 2006-10-13
    listed $39,500
18. 2006-10-13
    listed $39,500

ⓘ 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: $482 · $40/mo
• Projected year-2 tax: $482 · $40/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ 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 2/10 Low 7 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,929
• − Mortgage interest: −$1,176
• − Property taxes: −$482
• − Insurance: −$105
• − Repairs & maintenance: −$954
• − Management: −$954
• − Depreciation: −$611
• Taxable income: $7,645
• Est. tax owed @ 24.0%: −$1,835
• After-tax cash flow: $5,680/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: North Judson-San Pierre School Corporation
• NCES district ID: 1807800
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 35% ▲ 3.00%
• Median HH income: $42,731
• Composite: 27.57/100
• National rank: #6940
• State rank: #218 of 301 in IN

Livability — North Judson

• Score: 63/100
• State rank: #423
• US rank: #15224

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Judson, IN
• City population: 5,672
• Population (ZIP): 5,672

Population outlook (Starke County) Hauer SSP2

• Today (2025): 21,860 people
• By 2030: 21,024 · -3.8%
• By 2040: 19,041 · -12.9%
• By 2050: 16,881 · -22.8%
• By 2075: 11,880 · -45.7%
• By 2100: 7,217 · -67.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 5% Two or more races 3% Asian 1%
• Common ancestry: Romanian 5% Iranian 3% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Starke

• 2024 margin: Solid R (+52.0) · D 23.2% · R 75.3% · Other 1.5%
• 2008→2024 swing: -55.3pp toward R · 2008: 3.2pp · 2024: -52.0pp
• All cycles: 2024: R+52.0 2020: R+46.8 2016: R+42.0 2012: R+10.6 2008: D+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.58%
• Current HPI: 224.7809
• 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

-46.8% since first listed

13 events — show timeline

• 2026-05-26 Listed $21,000 NIRA MLS as Distributed by MLS Grid
• 2025-08-05 Sold (Public Records) $70,241 Public Records
• 2014-09-09 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2014-07-11 Sold (MLS) $64,000 IRMLS
• 2014-07-11 Sold (MLS) $64,000 NIRA MLS as Distributed by MLS Grid
• 2014-04-01 Listed $64,900 IRMLS
• 2014-04-01 Listed $64,900 NIRA MLS as Distributed by MLS Grid
• 2012-06-19 Sold (Public Records) $45,000 Public Records
• 2012-06-14 Sold (MLS) $45,000 NIRA MLS as Distributed by MLS Grid
• 2011-08-02 Listed $49,900 NIRA MLS as Distributed by MLS Grid
• 2007-01-19 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2006-10-13 Listed $39,500 NIRA MLS as Distributed by MLS Grid
• 2006-10-13 Listed $39,500 NIRA MLS as Distributed by MLS Grid

Property tax history

+7.3%/yr

Latest (2024): $482 · +0.0% YoY. Source: county tax records.