590 English Ave · Austin, IN 47102

$49,900

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 28 Days on market

Built 1970 8,712 sqft lot $52/sqft · 70% below area ↓ 17% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This single family home in Austin, Indiana offers 960 square feet of living space on a 0.2-acre lot. Built in 1970, this one-story property features 3 bedrooms and 1 bathroom.

Key facts

• 8,712 sq ft lot
• Built 1970
• Listed 27 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Site-built home; One story
• Construction: Metal siding and vinyl siding; Built as site-built construction
• Exterior features: Level lot; Lot dimensions approximately 70 x 140

Interior

• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Baseboard heating; Window air conditioning units
• Interior features: 6 total rooms; Main-level laundry; Crawl space basement
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $378 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($927 rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.4% vs local median 4.2% in Austin — 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 60/100 on livability (#523 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+; Watch: health & safety D, schools F, amenities F.
• Scott County School District 1 (town): math 16% / reading 26% proficiency, ranked #274 of 301 in IN (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 54 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 73 units permitted in Scott County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Scott 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 $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $49,151 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — 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. 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: 1.86% ✓
• Cap rate: 15.39%
• Cash-on-cash: 32.50%
• DSCR: 2.45
• GRM: 4.5

CMA / ARV

• ARV (median comp): $167,737
• List price: $49,900
• Delta: -70.25%
• 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
230 S 4th St	0.39mi	3/1.0	1,092 (+14%)	4mo	$173,000	$158	56
630 W Cross St	0.32mi	3/2.0	1,069 (+11%)	9mo	$179,900	$168	55
379 S High St	0.60mi	3/1.0	1,008 (+5%)	11mo	$135,000	$134	55
871 N 4th St	0.64mi	2/2.0 (-1)	952 (-1%)	7mo	$102,000	$107	54
1207 W State Road Rds	0.65mi	3/1.0	988 (+3%)	15mo	$52,500	$53	53
267 S Second St	0.46mi	2/1.0 (-1)	900 (-6%)	16mo	$89,900	$100	50
188 Morning Dr	0.59mi	3/1.0	1,059 (+10%)	13mo	$168,000	$159	45
314 S 1st St	0.51mi	2/1.0 (-1)	1,080 (+12%)	9mo	$176,900	$164	42
339 S Oak St	0.46mi	3/2.0	1,100 (+15%)	11mo	$159,900	$145	41
351 S Oak St	0.47mi	3/2.0	1,100 (+15%)	12mo	$159,900	$145	40
346 Hollan Dr	0.51mi	2/2.0 (-1)	1,056 (+10%)	14mo	$127,500	$121	39
238 E Main St	0.65mi	3/1.5	1,080 (+12%)	14mo	$175,000	$162	36

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: 27.6%
• Equity multiple: 2.15×
• Total profit: $16,036
• Equity at exit: $7,440

10-year hold

• IRR: 35.1%
• Equity multiple: 4.23×
• Total profit: $45,079
• Equity at exit: $4,314

Cash invested: $13,972 (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 47102

• Home prices YoY: -8.9%
• Active inventory: 54
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $927 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$71 /mo · $853/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$195
• Net cashflow: $378

Break-even live

Break-even rent $448

Max offer price $49,900

Occupancy floor 54%

Sensitivity live

Price	-10% $407	-5% $393	+0% $378	+5% $364	+10% $350
Rent	-10% $305	-5% $342	+0% $378	+5% $415	+10% $452
Rate	-1.0pp $404	-0.5pp $391	base $378	+0.5pp $366	+1.0pp $352

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
527 W Cherry St Austin, IN	2.0	1.0	1080	$925	$0.86	44d	1	0.25mi
20 Red Oak Way Austin, IN	2.0	2.0	1080	$929	$0.86	44d	1	0.40mi

Listing history 10 events

1. 2026-06-09
   days on market $49,900 Active 28 DOM
2. 2026-06-08
   days on market $49,900 Active 27 DOM
3. 2026-06-07
   pricedays on market $49,900 Active 26 DOM
4. 2026-06-05
   days on market $54,900 Active 24 DOM
5. 2026-06-04
   days on market $54,900 Active 22 DOM
6. 2026-06-02
   days on market $54,900 Active 21 DOM
7. 2026-06-01
   days on market $54,900 Active 20 DOM
8. 2026-05-31
   days on market $54,900 Active 19 DOM
9. 2026-05-31
   days on market $54,900 Active 18 DOM
10. 2026-05-12
    listed $59,900 Active 175-char remark

ⓘ 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: $853 · $71/mo
• Projected year-2 tax: $853 · $71/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 5/10 Major 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 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,118
• − Mortgage interest: −$2,795
• − Property taxes: −$853
• − Insurance: −$250
• − Repairs & maintenance: −$889
• − Management: −$889
• − Depreciation: −$1,452
• Taxable income: $3,991
• Est. tax owed @ 24.0%: −$958
• After-tax cash flow: $3,584/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: Scott County School District 1
• NCES district ID: 1809990
• Math proficiency: 16% ▼ -21.00%
• Reading proficiency: 26% ▼ -10.00%
• Median HH income: $36,972
• Composite: 17.46/100
• National rank: #9062
• State rank: #274 of 301 in IN

Livability — Austin

• Score: 60/100
• State rank: #523
• US rank: #18774

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Austin, IN
• City population: 6,647
• Population (ZIP): 6,647

Population outlook (Scott County) Hauer SSP2

• Today (2025): 22,525 people
• By 2030: 21,609 · -4.1%
• By 2040: 19,536 · -13.3%
• By 2050: 17,370 · -22.9%
• By 2075: 12,862 · -42.9%
• By 2100: 9,340 · -58.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Slovak 2% Lithuanian 2% Italian 1%
• Foreign-born: 1% · Canada

Political lean MEDSL · Scott

• 2024 margin: Solid R (+51.5) · D 23.4% · R 74.9% · Other 1.6%
• 2008→2024 swing: -49.5pp toward R · 2008: -2.0pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+45.6 2016: R+37.9 2012: R+6.2 2008: R+2.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -25.77%
• Current HPI: 263.604
• 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

-16.7% since first listed

3 events — show timeline

• 2026-06-05 Price Changed $49,900 IRMLS
• 2026-05-22 Price Changed $54,900 IRMLS
• 2026-05-12 Listed $59,900 IRMLS

Property tax history

+9.8%/yr

Latest (2024): $853 · -9.1% YoY. Source: county tax records.