11768 N 700 E · Lewisville, IN 47352

$139,900

3 bd · 2.0 ba · 1,512 sqft · SingleFamily public records · 9 Days on market

Built 2000 0.50 ac lot

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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
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• Schools +3.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Nestled in the North East corner of Rush Co. just off off US 40 this 3-bedroom, 2 full bath manufactured home situated on a spacious half-acre lot. The primary suite features a private bathroom with double sinks for added convenience. Enjoy the open-concept layout connecting the kitchen and living room, creating a comfortable space for everyday living and entertaining. All appliances are included, and the HVAC system is only two years old. This home offers great potential to make it truly shine. A wonderful opportunity for buyers looking for space, value, and the chance to add their own personal touches.

Key facts

• Double sinks
• Private bathroom
• Included appliances

Tags

• PRIVATE BATHROOM
• DOUBLE SINKS
• OPEN-CONCEPT LAYOUT
• INCLUDED APPLIANCES
• HVAC SYSTEM

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Private water; Septic system
• Home design: Single-family residence; One story
• Construction: Vinyl siding; Block foundation
• Exterior features: Approximately 0.5 acre lot

Interior

• Kitchen: Dishwasher; Electric oven; Refrigerator
• Bedrooms: Three bedrooms, all on the main level (secondary bedrooms approx. 12 x 10 and 11 x 10)
• Bathrooms: Two full bathrooms, both on the main level
• Heating & cooling: Forced-air heating (natural gas); Central air conditioning
• Interior features: Vaulted ceilings; Living room (approx. 25 x 15); Dining room (approx. 15 x 10); Additional main-level room (approx. 15 x 12)
• Laundry & utility: Main-level laundry room (approx. 15 x 6)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $553 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).

Location & tenants

• Location reads 62/100 on livability (#464 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime D, schools F.
• Rush County Schools (town): math 38% / reading 41% proficiency, ranked #147 of 301 in IN (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 10 active listings in the ZIP; 59 units permitted in Rush County in 2024 (40 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($967 loan paydown + $5k appreciation (3.6% local appreciation)).
• Rush County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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 $70k; list at $140k implies a 100% gain — meaningful room to come down on a strong offer.

Recommended offer $139,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 1.25% ✓
• Cap rate: 11.04%
• Cash-on-cash: 16.95%
• DSCR: 1.75
• GRM: 6.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.59% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.6%
• Equity multiple: 2.44×
• Total profit: $56,432
• Equity at exit: $67,584

10-year hold

• IRR: 24.9%
• Equity multiple: 4.73×
• Total profit: $146,136
• Equity at exit: $107,948

Cash invested: $39,172 (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 47352

• Home prices YoY: 1.6%
• Active inventory: 10
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,750 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$37 /mo · $443/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $553

Break-even live

Break-even rent $1,049

Max offer price $139,900

Occupancy floor 63%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-18
   days on market $139,900 Active 9 DOM
2. 2026-06-17
   days on market $139,900 Active 8 DOM
3. 2026-06-16
   days on market $139,900 Active 7 DOM
4. 2026-06-15
   days on market $139,900 Active 6 DOM
5. 2026-06-13
   days on market $139,900 Active 4 DOM
6. 2026-06-13
   days on market $139,900 Active 3 DOM
7. 2026-06-10
   remarks 611-char remark
8. 2026-06-10
   listed $139,900 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: $443 · $37/mo
• Projected year-2 tax: $816 · $68/mo
• Expected delta: +$373/yr (+$31/mo · 84.1%)

ⓘ 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 ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,995
• − Mortgage interest: −$7,837
• − Property taxes: −$443
• − Insurance: −$700
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$4,070
• Taxable income: $4,587
• Est. tax owed @ 24.0%: −$1,101
• After-tax cash flow: $5,539/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: Rush County Schools
• NCES district ID: 1809750
• Math proficiency: 38% ▼ -14.00%
• Reading proficiency: 41% ▼ -14.00%
• Median HH income: $46,237
• Composite: 33.72/100
• National rank: #5377
• State rank: #147 of 301 in IN

Livability — Lewisville

• Score: 62/100
• State rank: #464
• US rank: #16379

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 823

Population outlook (Rush County) Hauer SSP2

• Today (2025): 15,654 people
• By 2030: 15,036 · -3.9%
• By 2040: 13,674 · -12.6%
• By 2050: 12,239 · -21.8%
• By 2075: 9,466 · -39.5%
• By 2100: 7,104 · -54.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Serbian 2% Portuguese 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Rush

• 2024 margin: Solid R (+54.0) · D 21.9% · R 75.9% · Other 2.2%
• 2008→2024 swing: -40.4pp toward R · 2008: -13.7pp · 2024: -54.0pp
• All cycles: 2024: R+54.0 2020: R+54.0 2016: R+52.2 2012: R+34.3 2008: R+13.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.59%
• Current HPI: 230.5852
• 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

+99.9% since first listed

6 events — show timeline

• 2026-06-09 Listed $139,900 IRMLS
• 2026-06-09 Listed $139,900 MIBOR as Distributed by MLS Grid
• 2017-03-28 Sold (MLS) $70,000 MIBOR as Distributed by MLS Grid
• 2017-03-24 Pending — MIBOR as Distributed by MLS Grid
• 2017-02-09 Contingent — MIBOR as Distributed by MLS Grid
• 2016-12-17 Listed $70,000 MIBOR as Distributed by MLS Grid

Property tax history

+6.4%/yr

Latest (2024): $443 · +4.5% YoY. Source: county tax records.