363 E North St · Dunkirk, IN 47336

$25,900

2 bd · 2.0 ba · 1,820 sqft · SingleFamily public records · 69 Days on market

Built 1916 0.25 ac lot $14/sqft · 76% below area ↓ 10% 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
• Appreciation +6.8/10.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

Key facts

• Spacious backyard
• Washer dryer hookups
• 0.25 acre lot

Tags

• SPACIOUS BACKYARD
• WASHER DRYER HOOKUPS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $26k.

Deal economics

• At list price, monthly cash flow is $661 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $26k).
• Recommended offer: $24k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#404 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Jay School Corporation (rural): math 38% / reading 37% proficiency, ranked #175 of 301 in IN (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: West Jay Elementary (math 42% / reading 32%, grade F, #550 of 994 statewide, top 57%, 249 students, 75% FRL); Jay County Jr/Sr High School (math 34% / reading 41%, grade F, #245 of 369 statewide, top 67%, 1,242 students, 50% FRL) — zoned schools average 62% FRL vs 44% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 34 active listings in the ZIP; 19 units permitted in Jay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($179 loan paydown + $943 appreciation (3.6% local appreciation)).
• Jay County population projected at -12% 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 $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($24k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $4k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $24,346 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 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 1916 — 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 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?
6. 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.
7. 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.
8. 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: 4.03% ✓
• Cap rate: 36.92%
• Cash-on-cash: 109.38%
• DSCR: 5.87
• GRM: 2.1

CMA / ARV

• ARV (median comp): $107,808
• List price: $25,900
• Delta: -75.98%
• 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
140 Arlington Ave	0.44mi	3/2.0 (+1)	1,825 (+0%)	2mo	$200,000	$110	72
147 S Broad St	0.16mi	3/2.0 (+1)	1,692 (-7%)	7mo	$30,000	$18	70
267 E Commerce St	0.17mi	3/1.0 (+1)	1,995 (+10%)	2mo	$129,900	$65	66
116 S Barbier St	0.45mi	3/1.5 (+1)	1,840 (+1%)	12mo	$150,000	$82	60
135 S Broad St	0.15mi	3/1.0 (+1)	1,547 (-15%)	2mo	$27,000	$17	58
357 Mount Auburn St	0.25mi	3/2.0 (+1)	1,618 (-11%)	10mo	$140,000	$87	56
226 W Washington St	0.42mi	3/1.0 (+1)	1,920 (+6%)	9mo	$5,500	$3	55
128 W North St	0.31mi	3/1.0 (+1)	1,618 (-11%)	6mo	$22,500	$14	54
217 Mount Auburn St	0.21mi	3/2.0 (+1)	1,622 (-11%)	18mo	$118,000	$73	52
239 E Ohio St	0.26mi	3/1.0 (+1)	1,612 (-11%)	15mo	$157,400	$98	47
440 N Main St	0.32mi	3/1.0 (+1)	1,596 (-12%)	18mo	$72,900	$46	41
352 Lincoln Ave	0.49mi	3/2.0 (+1)	2,084 (+14%)	18mo	$124,000	$60	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.36×
• Total profit: $46,117
• Equity at exit: $12,590

10-year hold

• IRR: —
• Equity multiple: 15.36×
• Total profit: $104,108
• Equity at exit: $20,172

Cash invested: $7,252 (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 47336

• Home prices YoY: 1.6%
• Active inventory: 34
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,044 medium
• Mortgage (P&I): −$136
• Tax from tax record: −$17 /mo · $201/yr
• Insurance: −$11
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $661

Break-even live

Break-even rent $207

Max offer price $25,900

Occupancy floor 32%

Sensitivity live

Price	-10% $676	-5% $668	+0% $661	+5% $654	+10% $646
Rent	-10% $579	-5% $620	+0% $661	+5% $702	+10% $743
Rate	-1.0pp $674	-0.5pp $668	base $661	+0.5pp $654	+1.0pp $648

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: $6,475
• Closing costs: $777
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-21
   days on market $25,900 Active 69 DOM
2. 2026-06-21
   days on market $25,900 Active 68 DOM
3. 2026-06-18
   days on market $25,900 Active 66 DOM
4. 2026-06-17
   days on market $25,900 Active 65 DOM
5. 2026-06-16
   days on market $25,900 Active 64 DOM
6. 2026-06-15
   days on market $25,900 Active 63 DOM
7. 2026-06-13
   days on market $25,900 Active 61 DOM
8. 2026-06-12
   days on market $25,900 Active 60 DOM
9. 2026-06-09
   days on market $25,900 Active 57 DOM
10. 2026-06-08
    days on market $25,900 Active 56 DOM
11. 2026-06-07
    days on market $25,900 Active 55 DOM
12. 2026-06-05
    days on market $25,900 Active 53 DOM
13. 2026-06-04
    days on market $25,900 Active 51 DOM
14. 2026-06-02
    days on market $25,900 Active 50 DOM
15. 2026-06-01
    days on market $25,900 Active 49 DOM
16. 2026-05-31
    days on market $25,900 Active 48 DOM
17. 2026-05-31
    days on market $25,900 Active 47 DOM
18. 2026-05-11
    price $26,900 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

19. 2026-05-11
    price $26,900 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

20. 2026-05-11
    status Active 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

21. 2026-05-11
    status Active 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

22. 2026-05-08
    status Pending 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

23. 2026-05-08
    status Pending 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

24. 2026-04-27
    price $27,900 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

25. 2026-04-27
    price $27,900 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

26. 2026-04-17
    price $28,900 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

27. 2026-04-17
    price $28,900 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

28. 2026-04-11
    listed $29,900 Active 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

29. 2026-04-10
    listed $29,900 Active 217-char remark

    Show marketing remark (217 chars)

    Small-town ranch home with 3 bedrooms and 2 baths. Property needs TLC but offers great potential. Features a spacious backyard and washer/dryer hookups. Sits on 1/4 of an acre. Turn this property into your dream home.

ⓘ 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: $201 · $17/mo
• Projected year-2 tax: $211 · $18/mo
• Expected delta: +$10/yr (+$1/mo · 4.8%)

ⓘ 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
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,523
• − Mortgage interest: −$1,451
• − Property taxes: −$201
• − Insurance: −$130
• − Repairs & maintenance: −$1,002
• − Management: −$1,002
• − Depreciation: −$753
• Taxable income: $7,984
• Est. tax owed @ 24.0%: −$1,916
• After-tax cash flow: $6,016/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: Jay School Corporation
• NCES district ID: 1804980
• Math proficiency: 38% ▼ -13.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $40,841
• Composite: 31.56/100
• National rank: #5954
• State rank: #175 of 301 in IN

Livability — Dunkirk

• Score: 64/100
• State rank: #404
• US rank: #14764

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dunkirk, IN
• Population (ZIP): 2,793

Population outlook (Jay County) Hauer SSP2

• Today (2025): 20,586 people
• By 2030: 20,155 · -2.1%
• By 2040: 19,274 · -6.4%
• By 2050: 18,203 · -11.6%
• By 2075: 15,062 · -26.8%
• By 2100: 10,857 · -47.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Italian 4% Slovak 2% Scotch-Irish 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Jay

• 2024 margin: Solid R (+55.2) · D 21.6% · R 76.7% · Other 1.7%
• 2008→2024 swing: -47.3pp toward R · 2008: -7.8pp · 2024: -55.2pp
• All cycles: 2024: R+55.2 2020: R+52.4 2016: R+47.8 2012: R+20.0 2008: R+7.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.64%
• Current HPI: 238.768
• 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

-10.0% since first listed

12 events — show timeline

• 2026-05-11 Price Changed $26,900 IRMLS
• 2026-05-11 Price Changed $26,900 MIBOR as Distributed by MLS Grid
• 2026-05-11 Relisted — MIBOR as Distributed by MLS Grid
• 2026-05-11 Relisted — IRMLS
• 2026-05-08 Pending — IRMLS
• 2026-05-08 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-27 Price Changed $27,900 MIBOR as Distributed by MLS Grid
• 2026-04-27 Price Changed $27,900 IRMLS
• 2026-04-17 Price Changed $28,900 IRMLS
• 2026-04-17 Price Changed $28,900 MIBOR as Distributed by MLS Grid
• 2026-04-11 Listed $29,900 IRMLS
• 2026-04-10 Listed $29,900 MIBOR as Distributed by MLS Grid

Property tax history

+36.8%/yr

Latest (2024): $201 · -0.2% YoY. Source: county tax records.