214 N Maple St · Dana, IN 47847

$115,000

3 bd · 2.0 ba · 2,680 sqft · SingleFamily public records · 72 Days on market

Built 1885 0.37 ac lot ↓ 34% since listing

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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 +19.5/30.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• DSCR +6.1/10.0
• 1% rule +5.3/10.0
• Schools +3.1/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This historical home is a "Castle Home" in Dana Indiana. Home offers natural woodwork with built-in cabinets, beautiful staircase. Home had many updated over the past few years. Home has a good size kitchen with stainless steel sink and some appliances that was left with no guarantee. Home includes a 2-bedroom 1-bath apartment over the garage currently that could be extra income or a guest house for family members.

Key facts

• Natural woodwork
• Beautiful staircase
• Good size kitchen

Tags

• NATURAL WOODWORK
• BUILT-IN CABINETS
• BEAUTIFUL STAIRCASE
• GOOD SIZE KITCHEN
• STAINLESS STEEL SINK
• 2-BEDROOM 1-BATH APARTMENT

Property features AI

Finance

• Other: Lot approximately 0.37 acres (1/4–1/2 acre)

Exterior

• Parking: Detached 2-car garage (720 sq ft)
• Utilities: Public water; Municipal sewer connected
• Home design: Single-family residence; Two levels (main and upper); Residential property
• Construction: Cultured stone exterior; Partial foundation
• Exterior features: Covered porch; Deck

Interior

• Kitchen: No appliances included
• Bedrooms: Three bedrooms on the upper level
• Bathrooms: Two full bathrooms; One half bathroom (main level)
• Heating & cooling: Electric forced-air heating; Central air conditioning
• Interior features: Attic access; Basement (partial)
• Laundry & utility: Main level laundry room (5.0 x 10.0)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 55/100 on livability (#626 in IN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: crime D, amenities F, commute F.
• South Vermillion Community School Corporation (rural): math 31% / reading 42% proficiency, ranked #182 of 301 in IN (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Van Duyn Elementary School (math 37% / reading 32%, grade F, #597 of 994 statewide, top 63%, 247 students, 53% FRL); South Vermillion High School (math 27% / reading 62%, grade F, #169 of 369 statewide, top 51%, 478 students, 54% FRL).
• Market conditions: 8 active listings in the ZIP; 28 units permitted in Vermillion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($795 loan paydown + $4k appreciation (3.7% local appreciation)).
• Vermillion County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.7% appreciation + 3.0% rent growth), your $32k 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

• It's been on market 72 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1885 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $108,100 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1885 — 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 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.03% ✓
• Cap rate: 7.65%
• Cash-on-cash: 4.83%
• DSCR: 1.21
• GRM: 8.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.66% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.7%
• Equity multiple: 1.81×
• Total profit: $26,193
• Equity at exit: $56,029

10-year hold

• IRR: 15.2%
• Equity multiple: 3.39×
• Total profit: $76,846
• Equity at exit: $89,868

Cash invested: $32,200 (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 47847

• Home prices YoY: 1.7%
• Active inventory: 8
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,188 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$158 /mo · $1,895/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $130

Break-even live

Break-even rent $1,024

Max offer price $115,000

Occupancy floor 84%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $115,000 Active 72 DOM
2. 2026-06-17
   days on market $115,000 Active 71 DOM
3. 2026-06-16
   days on market $115,000 Active 70 DOM
4. 2026-06-15
   days on market $115,000 Active 69 DOM
5. 2026-06-13
   days on market $115,000 Active 67 DOM
6. 2026-06-12
   pricedays on market $115,000 Active 66 DOM
7. 2026-06-09
   days on market $125,000 Active 63 DOM
8. 2026-06-08
   days on market $125,000 Active 62 DOM
9. 2026-06-07
   days on market $125,000 Active 61 DOM
10. 2026-06-07
    days on market $125,000 Active 60 DOM
11. 2026-06-04
    days on market $125,000 Active 57 DOM
12. 2026-06-02
    days on market $125,000 Active 56 DOM
13. 2026-06-01
    days on market $125,000 Active 55 DOM
14. 2026-05-31
    days on market $125,000 Active 54 DOM
15. 2026-05-31
    days on market $125,000 Active 53 DOM
16. 2026-05-13
    price $125,000

    Show marketing remark (428 chars)

    This historical home is a "Castle Home" in Dana Indiana. Home offers natural woodwork with built-in cabinets, beautiful staircase. Home had many updated over the past few years. Home has a good size kitchen with stainless steel sink and some appliances that was left with no guarantee. Home includes a 2-bedroom 1-bath apartment over the garage currently that could be extra income or a guest house for family members.

17. 2026-05-13
    price $125,000 428-char remark

    Show marketing remark (428 chars)

    This historical home is a "Castle Home" in Dana Indiana. Home offers natural woodwork with built-in cabinets, beautiful staircase. Home had many updated over the past few years. Home has a good size kitchen with stainless steel sink and some appliances that was left with no guarantee. Home includes a 2-bedroom 1-bath apartment over the garage currently that could be extra income or a guest house for family members.

18. 2026-04-07
    listed $135,000 Active 428-char remark

    Show marketing remark (428 chars)

    This historical home is a "Castle Home" in Dana Indiana. Home offers natural woodwork with built-in cabinets, beautiful staircase. Home had many updated over the past few years. Home has a good size kitchen with stainless steel sink and some appliances that was left with no guarantee. Home includes a 2-bedroom 1-bath apartment over the garage currently that could be extra income or a guest house for family members.

19. 2026-04-06
    listed $135,000 Active
20. 2021-12-08
    soldstatus $190,000

ⓘ 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: $1,895 · $158/mo
• Projected year-2 tax: $1,895 · $158/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 4/10 Moderate 7 d/yr ≥105°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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,255
• − Mortgage interest: −$6,442
• − Property taxes: −$1,895
• − Insurance: −$575
• − Repairs & maintenance: −$1,140
• − Management: −$1,140
• − Depreciation: −$3,345
• Taxable loss: −$283
• Est. tax savings @ 24.0%: +$68
• After-tax cash flow: $1,623/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 Vermillion Community School Corporation
• NCES district ID: 1810590
• Math proficiency: 31% ▼ -6.00%
• Reading proficiency: 42% ▬ 0.00%
• Median HH income: $42,809
• Composite: 30.87/100
• National rank: #6123
• State rank: #182 of 301 in IN

Livability — Dana

• Score: 55/100
• State rank: #626
• US rank: #23211

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dana, IN
• Population (ZIP): 869

Population outlook (Vermillion County) Hauer SSP2

• Today (2025): 14,605 people
• By 2030: 13,942 · -4.5%
• By 2040: 12,592 · -13.8%
• By 2050: 11,381 · -22.1%
• By 2075: 9,063 · -37.9%
• By 2100: 7,098 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 4%
• Common ancestry: Slovak 3% Lithuanian 3% Romanian 3%

Political lean MEDSL · Vermillion

• 2024 margin: Solid R (+44.7) · D 26.6% · R 71.3% · Other 2.1%
• 2008→2024 swing: -58.7pp toward R · 2008: 13.9pp · 2024: -44.7pp
• All cycles: 2024: R+44.7 2020: R+40.6 2016: R+35.1 2012: R+6.8 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.66%
• Current HPI: 221.4088
• 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

-34.2% since first listed

5 events — show timeline

• 2026-05-13 Price Changed $125,000 MIBOR as Distributed by MLS Grid
• 2026-05-13 Price Changed $125,000 THAAR
• 2026-04-07 Listed $135,000 THAAR
• 2026-04-06 Listed $135,000 MIBOR as Distributed by MLS Grid
• 2021-12-08 Sold (Public Records) $190,000 Public Records

Property tax history

-3.4%/yr

Latest (2024): $1,895 · +9.3% YoY. Source: county tax records.