CashFlowRE
Sign in Sign up
908 Mechanic St
F Composite 34.28
Why this score? — see what drove the F 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).

  • ARV discount +11.2/15.0
  • Cash flow +6.6/30.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Schools +2.8/10.0
  • Rent growth +2.6/5.0
  • 1% rule +2.1/10.0
  • DSCR +0.8/10.0
  • Appreciation +0.0/10.0

$164,500

908 Mechanic St · Jeffersonville, IN 47130
2 bd · 1.5 ba · 990 sqft · SingleFamily public records · 157 Days on market
Built 2022 Good condition 1,350 sqft lot $166/sqft · 8% below area Est $179k · 8% under ↓ 3% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

You don't want to miss out on this charming 2 bedroom, 1.5 bath home located in the heart of Jeffersonville! This well-maintained home features beautiful flooring that flows seamlessly throughout the main level, creating a warm and inviting atmosphere. The spacious eat-in kitchen is equipped with stainless steel appliances and offers direct access to the backyard patio through a sliding glass door, making it the perfect spot for morning coffee or outdoor dining. The main floor also includes a convenient half bath for guests, while upstairs you'll find two comfortable bedrooms, a full bath, and a laundry closet ideally situated near the bedrooms for added convenience. Whether you're an owner/occupant or looking for an investment opportunity, this home offers comfort, functionality, and a fantastic location. Enjoy quick and easy access to I-65, making commuting and travel a breeze. Don't miss your chance to own this move-in ready home - schedule your private showing today!

Key facts

  • Half bath
  • Backyard patio
  • Laundry closet

Tags

EAT-IN KITCHENSTAINLESS STEEL APPLIANCESBACKYARD PATIOHALF BATHLAUNDRY CLOSETQUICK ACCESS TO I-65

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.5-bath single-family listed at $164k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-272 ($-3k/yr) — negative.
  • To cash-flow at today's rent, offer at most $116k (29.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (29.2% below list).
  • Recommended offer: $116k (29.2% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads 83/100 on livability (#8 in IN, #843 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+.
  • Greater Clark County Schools (suburban): math 26% / reading 37% proficiency, ranked #224 of 301 in IN (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Parkview Middle School (math 22% / reading 34%, grade F, #226 of 330 statewide, top 69%, 713 students, 63% FRL); Jeffersonville High School (math 17% / reading 52%, grade F, #270 of 369 statewide, top 77%, 2,130 students, 58% FRL).
  • Market conditions: Rents flat; 910 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 55d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; 911 units permitted in Clark County in 2024 (133 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
  • Clark County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 157 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $27k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $116,403 (29.2% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 157 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
  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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  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
0.71% ✗
Cap rate
4.31%
Cash-on-cash
-7.09%
DSCR
0.68
GRM
11.8

CMA / ARV

ARV (median comp)
$179,098
List price
$164,500
Delta
-8.15%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
928 Meigs Ave 0.11mi 2/1.0 1,034 (+4%) 7mo $189,000 $183 80
1113 Watt St 0.29mi 2/1.5 992 (+0%) 8mo $179,900 $181 80
1119 Watt St 0.29mi 2/1.5 992 (+0%) 8mo $179,900 $181 80
1115 Watt St 0.29mi 2/1.5 992 (+0%) 8mo $179,900 $181 80
724 Watt St 0.25mi 2/1.5 1,052 (+6%) 7mo $178,000 $169 72
1014 E 10th St 0.32mi 1/1.0 (-1) 1,087 (+10%) 2mo $167,000 $154 60
825 Morningside Dr 0.38mi 3/1.0 (+1) 1,068 (+8%) 3mo $173,650 $163 60
808 Cherry Dr 0.46mi 3/1.0 (+1) 1,042 (+5%) 6mo $205,000 $197 58
305 Knobloch Ave 0.65mi 2/1.0 1,033 (+4%) 9mo $127,000 $123 53
408 Knobloch Ave 0.72mi 3/2.0 (+1) 1,067 (+8%) 3mo $219,999 $206 44
429 E Market St 0.63mi 2/1.0 850 (-14%) 8mo $168,000 $198 38
1418 Plank Rd 0.68mi 2/1.0 850 (-14%) 6mo $158,000 $186 38

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 · 0.58% rent growth · sell at horizon

5-year hold
IRR
-31.5%
Equity multiple
-0.01×
Total profit
$-46,713
Equity at exit
$24,527
10-year hold
IRR
-52.2%
Equity multiple
-0.60×
Total profit
$-73,618
Equity at exit
$14,223

Cash invested: $46,060 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
39 active · 2 under contract
Months of supply
18.0 mo (6%/mo absorbed)
Median asking
$199,000 ($191/sqft)
Median days on market
28 d
This list price
5% of active listings are priced below it
ARV vs active asking
-5.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 47130

Rents YoY
0.6%
Active inventory
910
Price-to-rent
11.8×

Monthly cashflow live

Estimated rent
$1,164 high interval (Pro) →
Mortgage (P&I)
−$863
Tax from tax record
−$261 /mo · $3,130/yr
Insurance
−$69
HOA
−$0
Vacancy / Maint / Mgmt
−$244
Net cashflow
$-272

Break-even live

Break-even rent $1,509
Max offer price $116,403
Occupancy floor —

Sensitivity live

Price -10% $-179 -5% $-226 +0% $-272 +5% $-319 +10% $-365
Rent -10% $-364 -5% $-318 +0% $-272 +5% $-226 +10% $-180
Rate -1.0pp $-189 -0.5pp $-230 base $-272 +0.5pp $-315 +1.0pp $-358

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
$41,125
Closing costs
$4,935
Reserves months
—
Total cash needed
—

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
—
Monthly P&I
—
Monthly cashflow
—
DSCR
—
Eligible?
—

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
917 Mechanic St Jeffersonville, IN 3.0 2.0 1100 $1,049 $0.95 10d 3 0.02mi
805 Penn St Jeffersonville, IN 2.0 1.0 896 $1,200 $1.34 164d 1 0.18mi
501 E 8th St Unit C Jeffersonville, IN 1.0 1.0 650 $910 $1.40 55d 1 0.19mi
728 Watt St Jeffersonville, IN 2.0 1.0 650 $1,150 $1.77 184d 1 0.21mi
711 Meigs Ave Unit 2 Jeffersonville, IN 1.0 1.0 650 $750 $1.15 7d 1 0.23mi
838 Walnut St Jeffersonville, IN 2.0 1.0 850 $995 $1.17 2d 1 0.23mi
729 E Court Ave Jeffersonville, IN 2.0 1.5 1088 $1,300 $1.19 112d 1 0.33mi
811 Howard Ave Jeffersonville, IN 1.0 1.0 601 $825 $1.37 10d 1 0.34mi
1023 Thomas V Bryant Dr Jeffersonville, IN 3.0 1.0 1026 $1,525 $1.49 49d 1 0.36mi
810 Howard Ave Unit 811-10W Jeffersonville, IN 1.0 1.0 601 $825 $1.37 0d 1 0.38mi
1115 E 8th St Jeffersonville, IN 2.0 1.0 984 $1,360 $1.38 184d 1 0.41mi
807-809 E Maple St Unit 809-A Jeffersonville, IN 1.0 1.0 750 $900 $1.20 144d 1 0.42mi
807 E Maple St Unit 807-B Jeffersonville, IN 1.0 1.0 800 $899 $1.12 10d 1 0.43mi
318 Meigs Ave Unit 1 Jeffersonville, IN 1.0 1.0 650 $915 $1.41 36d 1 0.48mi
631 E Chestnut St Unit 631-B Jeffersonville, IN 2.0 2.0 900 $1,095 $1.22 127d 1 0.51mi
630 E Chestnut St Unit 2 Jeffersonville, IN 1.0 1.0 750 $875 $1.17 120d 1 0.54mi
630 E Chestnut St Apt 3 Jeffersonville, IN 1.0 1.0 750 $875 $1.17 164d 1 0.54mi
614 E Chestnut St Unit 3 Jeffersonville, IN 1.0 1.0 620 $875 $1.41 157d 1 0.55mi
629 E Market St Apt 4 Jeffersonville, IN 1.0 1.0 650 $875 $1.35 118d 1 0.60mi
625 Main St Jeffersonville, IN 3.0 2.0 1100 $1,495 $1.36 20d 1 0.62mi
409 Knobloch Ave Jeffersonville, IN 2.0 1.0 814 $1,195 $1.47 52d 1 0.73mi
222 W Maple St Jeffersonville, IN 1.0–2.0 1.0–2.0 891 $1,754 $1.97 0d 9 0.75mi
1448 Plank Rd Jeffersonville, IN 2.0 1.0 832 $1,250 $1.50 184d 1 0.83mi
1514 Elliott Ave Jeffersonville, IN 2.0 1.0 800 $1,250 $1.56 55d 1 0.87mi
408 W Market St Unit 1 Jeffersonville, IN 1.0 1.0 750 $875 $1.17 127d 1 0.91mi
1512 E 10th St Jeffersonville, IN 1.0–2.0 1.0 720 $949 $1.32 144d 1 0.96mi
1512 E 10th St Jeffersonville, IN 1.0–2.0 1.0 720 $999 $1.39 1d 6 0.96mi
2009 Hamburg Pike Unit 64A Jeffersonville, IN 2.0 2.0 960 $1,165 $1.21 120d 1 0.99mi
2009 Hamburg Pike Unit 120 Jeffersonville, IN 2.0 2.0 1008 $1,128 $1.12 55d 1 0.99mi
2009 Hamburg Pike Unit 64A Jeffersonville, IN 2.0 2.0 960 $1,165 $1.21 118d 1 0.99mi
1 Riverpointe Plz Jeffersonville, IN 1.0 1.0 916 $1,788 $1.95 6d 2 1.03mi
1 Riverpointe Plz Jeffersonville, IN 1.0 1.0 916 $1,775 $1.94 38d 3 1.03mi
2009 Hamburg Pike Unit 65 Jeffersonville, IN 2.0 1.0 832 $975 $1.17 1d 1 1.07mi
2009 Hamburg Pike Trlr 23 Jeffersonville, IN 2.0 2.0 960 $1,100 $1.15 1d 1 1.12mi
2009 Hamburg Pike Trlr 101 Jeffersonville, IN 3.0 2.0 1056 $1,240 $1.17 118d 1 1.12mi
2009 Hamburg Pike Trlr 92 Jeffersonville, IN 2.0 1.0 938 $1,120 $1.19 118d 1 1.12mi
1008 Sharon Dr Jeffersonville, IN 3.0 1.0 1000 $1,000 $1.00 22d 1 1.12mi
1229 Cedarview Dr Jeffersonville, IN 3.0 1.0 1100 $1,495 $1.36 112d 1 1.28mi
725 Goyne Dr Jeffersonville, IN 3.0 1.0 925 $1,600 $1.73 152d 1 1.37mi
1800 Marinas Edge Way Louisville, KY 1.0–2.0 1.0–2.0 839 $1,798 $2.14 0d 34 1.37mi

Property features AI

Finance

Other
Directions: I-65 to E 10th St, right on Mechanic St
HOA & community
No association fee

Exterior

Parking
No parking
Utilities
Electricity connected
Home design
Single-family residenceOther architectural styleTwo storiesBuilt in 2022
Construction
Vinyl sidingShingle roofPoured concrete foundation
Exterior features
Sidewalk along the lot

Interior

Kitchen
First-floor kitchen
Bedrooms
Two bedrooms located on the second floor
Bathrooms
One full bathroom on the second floorOne half bathroom on the first floor
Heating & cooling
Forced-air heatingCentral air conditioning
Interior features
Six total roomsLiving room on the first floorFirst-floor kitchenNo basement
Laundry & utility
First-floor laundry

Listing history 50 events

  1. 2026-11-08
    days on market $164,500 Active 157 DOM
  2. 2026-11-07
    days on market $164,500 Active 156 DOM
  3. 2026-11-07
    price $164,500 Active 155 DOM
  4. 2026-11-06
    days on market $170,000 Active 155 DOM
  5. 2026-11-05
    days on market $170,000 Active 154 DOM
  6. 2026-11-04
    days on market $170,000 Active 153 DOM
  7. 2026-11-02
    days on market $170,000 Active 151 DOM
  8. 2026-11-01
    days on market $170,000 Active 150 DOM
  9. 2026-10-31
    days on market $170,000 Active 149 DOM
  10. 2026-10-30
    days on market $170,000 Active 148 DOM
  11. 2026-10-29
    days on market $170,000 Active 147 DOM
  12. 2026-10-28
    days on market $170,000 Active 146 DOM
  13. 2026-10-27
    days on market $170,000 Active 145 DOM
  14. 2026-10-26
    days on market $170,000 Active 144 DOM
  15. 2026-10-26
    days on market $170,000 Active 143 DOM
  16. 2026-10-24
    days on market $170,000 Active 142 DOM
  17. 2026-10-23
    days on market $170,000 Active 141 DOM
  18. 2026-10-22
    days on market $170,000 Active 140 DOM
  19. 2026-10-21
    days on market $170,000 Active 139 DOM
  20. 2026-10-20
    days on market $170,000 Active 138 DOM
  21. 2026-10-19
    days on market $170,000 Active 137 DOM
  22. 2026-10-18
    days on market $170,000 Active 136 DOM
  23. 2026-10-17
    days on market $170,000 Active 135 DOM
  24. 2026-10-16
    days on market $170,000 Active 134 DOM
  25. 2026-10-15
    days on market $170,000 Active 133 DOM
  26. 2026-10-14
    days on market $170,000 Active 132 DOM
  27. 2026-10-13
    days on market $170,000 Active 131 DOM
  28. 2026-10-12
    days on market $170,000 Active 130 DOM
  29. 2026-10-11
    days on market $170,000 Active 129 DOM
  30. 2026-10-10
    days on market $170,000 Active 128 DOM
  31. 2026-10-09
    days on market $170,000 Active 127 DOM
  32. 2026-10-08
    days on market $170,000 Active 126 DOM
  33. 2026-10-07
    days on market $170,000 Active 125 DOM
  34. 2026-10-06
    days on market $170,000 Active 124 DOM
  35. 2026-10-05
    days on market $170,000 Active 123 DOM
  36. 2026-10-04
    days on market $170,000 Active 122 DOM
  37. 2026-10-04
    days on market $170,000 Active 121 DOM
  38. 2026-10-02
    days on market $170,000 Active 120 DOM
  39. 2026-10-01
    days on market $170,000 Active 119 DOM
  40. 2026-09-30
    days on market $170,000 Active 118 DOM
  41. 2026-09-29
    days on market $170,000 Active 117 DOM
  42. 2026-09-28
    days on market $170,000 Active 116 DOM
  43. 2026-09-27
    days on market $170,000 Active 115 DOM
  44. 2026-09-25
    days on market $170,000 Active 113 DOM
  45. 2026-09-24
    days on market $170,000 Active 112 DOM
  46. 2026-09-23
    days on market $170,000 Active 111 DOM
  47. 2026-09-22
    days on market $170,000 Active 110 DOM
  48. 2026-09-21
    days on market $170,000 Active 109 DOM
  49. 2026-09-20
    days on market $170,000 Active 108 DOM
  50. 2026-09-19
    days on market $170,000 Active 107 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
$3,130 · $261/mo
Projected year-2 tax
$3,130 · $261/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$13,971
− Mortgage interest
−$9,215
− Property taxes
−$3,130
− Insurance
−$822
− Repairs & maintenance
−$1,118
− Management
−$1,118
− Depreciation
−$4,785
Taxable loss
−$6,217
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,492
After-tax cash flow
$-1,775/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 · 13 photos

Good 80/100 Cosmetic rehab Est. rehab $4,950–$14,850 screening

This well-maintained, 2-bedroom, 1.5-bath home in Jeffersonville is move-in ready with good condition and minimal repairs needed.

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and resale value ↑
  • Both Trim landscaping — Improves curb appeal and rental value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 28/100

Zoned Schools

Elementary Franklin Square Elementary School F IN #790/994 Nat'l #32,000/41,679 Middle Parkview Middle School F IN #226/330 Nat'l #9,545/14,009 High Jeffersonville High School F IN #270/369 Nat'l #9,639/17,239

Schools (NCES district)

District
Greater Clark County Schools
NCES district ID
1803940
Math proficiency
26% ▼ -15.00%
Reading proficiency
37% ▼ -13.00%
Median HH income
$47,838
Composite
27.2/100
National rank
#7020
State rank
#224 of 301 in IN
A Composite livability gradescore 83/100

Livability — Jeffersonville

Score
83/100
State rank
#8
US rank
#843

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Jeffersonville, IN
County
Clark County · 126,401 people
City population
50,514
Metro
Louisville/Jefferson County, KY-IN
Population (ZIP)
50,514
Household income
$70,290
Rent vs Own
28.5% rent · 71.5% own
Severe rent burden
15% of renters

Population outlook (Clark County) Hauer SSP2

Today (2025)
126,401 people
By 2030
131,455 · +4.0%
By 2040
140,471 · +11.1%
By 2050
147,677 · +16.8%
By 2075
161,702 · +27.9%
By 2100
164,078 · +29.8%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (73%)
Race & ethnicity
White 73% Black 12% Two or more races 8% Hispanic / Latino 6% Asian 2%
Hispanic origin (detail)
Mexican 3% Puerto Rican 1%
Languages at home
95% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Clark

2024 margin
Strong R (+20.4) · D 38.9% · R 59.3% · Other 1.8%
2008→2024 swing
-13.3pp toward R · 2008: -7.1pp · 2024: -20.4pp
All cycles
2024: R+20.4 2020: R+18.3 2016: R+22.0 2012: R+9.9 2008: R+7.1

Not yet ingested

Civics
—

Price history

-3.4% since first listed
3 events — show timeline
  • 2026-06-19 Price Changed $185,000 SIRA
  • 2026-06-04 Listed $191,500 Metro Search MLS
  • 2026-06-04 Listed $191,500 SIRA

Property tax history

+7.0%/yr

Latest (2024): $3,130 · +7.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…