330 Harmony Ct · Anderson, IN 46013

$44,900

3 bd · 2.0 ba · 1,050 sqft · Manufactured · 190 Days on market

Built 2025 Fair condition

---

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 +2.2/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Must see 2+ bedroom home, call today to learn more! New Furnace and A/C just installed!

Key facts

• Built 2025
• Listed 190 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $45k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $598 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 22.3% vs local median 6.5% in Anderson — 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 (#521 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, crime D-, amenities F.
• Anderson Community School Corporation (urban): math 15% / reading 23% proficiency, ranked #280 of 301 in IN (top 93%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 150 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 184 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $310 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Madison County population projected at -14% 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 190 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 13% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $39,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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: 2.56% ✓
• Cap rate: 22.28%
• Cash-on-cash: 57.11%
• DSCR: 3.54
• GRM: 3.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 55.6%
• Equity multiple: 3.45×
• Total profit: $30,851
• Equity at exit: $6,695

10-year hold

• IRR: 60.6%
• Equity multiple: 7.05×
• Total profit: $76,006
• Equity at exit: $3,882

Cash invested: $12,572 (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 46013

• Home prices YoY: -26.9%
• Active inventory: 150
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,150 high
• Mortgage (P&I): −$235
• Tax est. 1.5%: −$56 /mo · $674/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $598

Break-even live

Break-even rent $393

Max offer price $44,900

Occupancy floor 43%

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3815 Camelot Blvd Anderson, IN	3.0	2.0	1456	$1,179	$0.81	1d	2	0.58mi
4325 S Madison Ave Anderson, IN	1.0–3.0	1.0–1.5	995	$1,330	$1.34	1d	6	0.71mi
2203 W 28th St Anderson, IN	3.0	1.0	1068	$1,000	$0.94	43d	1	0.89mi
2719 Dewey St Anderson, IN	2.0	1.0	877	$1,150	$1.31	43d	1	0.92mi
2613 Louise St Anderson, IN	2.0	1.0	1096	$950	$0.87	22d	1	0.99mi
4021 Brown St Anderson, IN	2.0	1.0	1320	$975	$0.74	7d	1	1.13mi
4015 Haverhill Dr Anderson, IN	3.0	2.0	884	$1,100	$1.24	43d	1	1.25mi
2820 Fairview St Unit A Anderson, IN	2.0	1.0	850	$895	$1.05	43d	1	1.34mi
2904 Lincoln St Anderson, IN	2.0	1.0	864	$900	$1.04	43d	1	1.41mi
2411 Hendricks St Anderson, IN	3.0	1.0	860	$1,000	$1.16	23d	1	1.41mi
2004 Arrow Ave Anderson, IN	2.0	1.0	816	$1,125	$1.38	23d	1	1.47mi
3021 Delaware St Anderson, IN	2.0	1.0	1154	$1,150	$1.00	7d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $44,900 Active 190 DOM
2. 2026-06-17
   days on market $44,900 Active 189 DOM
3. 2026-06-16
   days on market $44,900 Active 188 DOM
4. 2026-06-15
   days on market $44,900 Active 187 DOM
5. 2026-06-13
   days on market $44,900 Active 185 DOM
6. 2026-06-09
   days on market $44,900 Active 181 DOM
7. 2026-06-08
   days on market $44,900 Active 180 DOM
8. 2026-06-07
   days on market $44,900 Active 179 DOM
9. 2026-06-05
   days on market $44,900 Active 176 DOM
10. 2026-06-03
    days on market $44,900 Active 175 DOM
11. 2026-06-02
    days on market $44,900 Active 174 DOM
12. 2026-06-01
    days on market $44,900 Active 173 DOM
13. 2026-05-31
    days on market $44,900 Active 172 DOM
14. 2026-02-14
    status Active 87-char remark

    Show marketing remark (87 chars)

    Must see 2+ bedroom home, call today to learn more! New Furnace and A/C just installed!

15. 2026-02-14
    price $44,900 87-char remark

    Show marketing remark (87 chars)

    Must see 2+ bedroom home, call today to learn more! New Furnace and A/C just installed!

16. 2025-08-10
    historical 87-char remark

    Show marketing remark (87 chars)

    Must see 2+ bedroom home, call today to learn more! New Furnace and A/C just installed!

17. 2025-06-05
    listed $39,900 Active 87-char remark

    Show marketing remark (87 chars)

    Must see 2+ bedroom home, call today to learn more! New Furnace and A/C just installed!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,802
• − Mortgage interest: −$2,515
• − Property taxes: −$674
• − Insurance: −$224
• − Repairs & maintenance: −$1,104
• − Management: −$1,104
• − Depreciation: −$1,306
• Taxable income: $6,875
• Est. tax owed @ 24.0%: −$1,650
• After-tax cash flow: $5,530/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.

Condition & rehab AI · 3 photos

Fair 45/100 Cosmetic rehab

The home is in fair condition with minor repairs and maintenance needed. It has a good foundation and structure, but the exterior and interior could benefit from touch-ups and cleaning. The recent HVAC installation adds value, but the home could be more appealing with some cosmetic updates.

Repairs flagged

• Minor Paint touch-ups — Paint appears to be in good condition but may need touch-ups.
• Minor Kitchen appliances — Standard kitchen setup with no visible wear and tear.
• Minor Bathroom fixtures — No visible damage or updates in bathrooms.
• Minor Flooring — Dark wood flooring in good condition but may need cleaning or refinishing.
• Minor Interior walls/paint — Paint appears to be in good condition but may need touch-ups.
• Minor Roof — No visible damage or updates.
• Minor Exterior — No visible damage or updates.
• Minor Windows — No visible damage or updates.
• Minor Foundation/structure — No visible damage or updates.
• Minor HVAC/mechanicals — New furnace and A/C recently installed as per listing remarks.

Value-add opportunities

• Resale Paint touch-ups — Fresh paint can make a home look more appealing and well-maintained.
• Rental Kitchen appliance cleaning — Clean appliances can attract more renters and make the home more appealing.
• Rental Bathroom fixture cleaning — Clean bathrooms are essential for attracting renters and maintaining a good impression.
• Resale Floor cleaning — Clean floors can make a home look more appealing and well-maintained.
• Resale Interior wall touch-ups — Fresh paint can make a home look more appealing and well-maintained.
• Resale Roof inspection — A clean and well-maintained roof can add value to a home.
• Resale Exterior cleaning — A clean and well-maintained exterior can add value to a home.
• Resale Window cleaning — Clean windows can make a home look more appealing and well-maintained.
• Resale Foundation inspection — A clean and well-maintained foundation can add value to a home.
• Rental HVAC maintenance — A clean and well-maintained HVAC system can attract more renters and maintain a good impression.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint touch-ups · Paint appears to be in good condition but may need touch-ups.	Minor	$500–3,000
Kitchen appliances · Standard kitchen setup with no visible wear and tear.	Minor	$500–3,000
Bathroom fixtures · No visible damage or updates in bathrooms.	Minor	$500–3,000
Flooring · Dark wood flooring in good condition but may need cleaning or refinishing.	Minor	$500–3,000
Interior walls/paint · Paint appears to be in good condition but may need touch-ups.	Minor	$500–3,000
Roof · No visible damage or updates.	Minor	$500–3,000
Exterior · No visible damage or updates.	Minor	$500–3,000
Windows · No visible damage or updates.	Minor	$500–3,000
Foundation/structure · No visible damage or updates.	Minor	$500–3,000
HVAC/mechanicals · New furnace and A/C recently installed as per listing remarks.	Minor	$500–3,000
Total estimated repair cost · 10 items		$5,000–30,000

Value-add ROI direction

• Resale Paint touch-ups — Fresh paint can make a home look more appealing and well-maintained. ↑
• Rental Kitchen appliance cleaning — Clean appliances can attract more renters and make the home more appealing. ↑
• Rental Bathroom fixture cleaning — Clean bathrooms are essential for attracting renters and maintaining a good impression. ↑
• Resale Floor cleaning — Clean floors can make a home look more appealing and well-maintained. ↑
• Resale Interior wall touch-ups — Fresh paint can make a home look more appealing and well-maintained. ↑
• Resale Roof inspection — A clean and well-maintained roof can add value to a home. ↑
• Resale Exterior cleaning — A clean and well-maintained exterior can add value to a home. ↑
• Resale Window cleaning — Clean windows can make a home look more appealing and well-maintained. ↑
• Resale Foundation inspection — A clean and well-maintained foundation can add value to a home. ↑
• Rental HVAC maintenance — A clean and well-maintained HVAC system can attract more renters and maintain a good impression. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Anderson Community School Corporation
• NCES district ID: 1800150
• Math proficiency: 15% ▼ -14.00%
• Reading proficiency: 23% ▼ -7.00%
• Median HH income: $38,208
• Composite: 15.93/100
• National rank: #9250
• State rank: #280 of 301 in IN

Livability — Anderson

• Score: 60/100
• State rank: #521
• US rank: #18709

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anderson, IN
• County: Madison County · 69,445 people
• City population: 57,762
• Metro: Indianapolis-Carmel-Anderson, IN
• Population (ZIP): 19,073
• Household income: $49,310
• Rent vs Own: 34.8% rent · 65.2% own
• Severe rent burden: 612.0

Population outlook (Madison County) Hauer SSP2

• Today (2025): 125,800 people
• By 2030: 122,640 · -2.5%
• By 2040: 115,420 · -8.3%
• By 2050: 108,148 · -14.0%
• By 2075: 91,838 · -27.0%
• By 2100: 75,670 · -39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 8% Black 7% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 2% Italian 1%
• Foreign-born: 0% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Madison

• 2024 margin: Strong R (+26.9) · D 35.6% · R 62.5% · Other 1.9%
• 2008→2024 swing: -33.5pp toward R · 2008: 6.5pp · 2024: -26.9pp
• All cycles: 2024: R+26.9 2020: R+22.6 2016: R+25.7 2012: R+4.5 2008: D+6.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -86.70%
• Current HPI: 235.7485
• Rent YoY: —
• Metro: Indianapolis-Carmel-Anderson, IN
• 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

+12.5% since first listed

4 events — show timeline

• 2026-02-14 Price Changed $44,900 Zillow
• 2026-02-14 Relisted — Zillow
• 2025-08-10 Delisted — Zillow
• 2025-06-05 Listed $39,900 Zillow