336 Midway Dr · South Haven, IN 46385

$229,900

3 bd · 1.5 ba · 1,176 sqft · SingleFamily public records · 3 Days on market

Built 1969 0.25 ac lot Est $214k · 7% over $35/mo HOA · 2% of rent

---

Why this score? — see what drove the D- 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 +14.7/30.0
• DSCR +4.5/10.0
• ARV discount +4.2/15.0
• Livability +3.6/5.0
• 1% rule +3.3/10.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully maintained home on a great corner lot right by Saylor Elementary School. This home is very unique in South Haven as it has an attached one car garage and a detached 2 car garage. The furnace, ac, roof and windows are all just a few years old and there is a hook-up for a generator. The fenced in yard also features a nice shed for extra storage. Home is vacant and easy to show.

Key facts

• Natural lighting
• Galley-style kitchen
• Jack and jill bath

Tags

• FENCED-IN YARD
• GALLEY-STYLE KITCHEN
• JACK AND JILL BATH
• OVERSIZED DETACHED GARAGE
• CORNER LOT
• NATURAL LIGHTING

Property features AI

Finance

• HOA & community: Part of South Haven HOA; Annual HOA fee of $420 (includes trash); No association amenities listed

Exterior

• Parking: Attached garage; Garage faces front; Garage door opener; Driveway with additional off-street parking; On-street parking; Concrete surfaces
• Utilities: Public water; Public sewer; Natural gas connected; Electricity connected (100 amp service); Cable connected
• Home design: Single-story home; Built in 1969
• Construction: Stone and vinyl siding exterior; Shingle roof; Crawl space foundation
• Exterior features: Private yard; Fenced backyard; Deck; Rain gutters; Neighborhood view; Pool (other)

Interior

• Kitchen: Dishwasher; Range hood; Refrigerator; Gas range
• Bedrooms: Primary bedroom; Two additional bedrooms
• Flooring: Carpet; Tile; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced-air heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Country-style kitchen; Crawl space basement
• Laundry & utility: Main-level laundry room; Electric dryer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $60 ($720/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (17.4% below list).
• Recommended offer: $190k (17.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#119 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: amenities F, commute F.
• Portage Township Schools (suburban): math 26% / reading 36% proficiency, ranked #221 of 301 in IN (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Portage High School (math 25% / reading 55%, grade F, #217 of 369 statewide, top 59%, 2,243 students, 55% FRL).
• Market conditions: 375 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 542 units permitted in Porter County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Porter County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 8y 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 $191k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $189,986 (17.4% below list)

Questions for the listing agent

1. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.83% ✗
• Cap rate: 6.61%
• Cash-on-cash: 1.12%
• DSCR: 1.05
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $214,032
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
749 Acadia Rd	0.35mi	3/1.5	1,152 (-2%)	1mo	$210,000	$182	79
711 Juniper Rd	0.30mi	4/1.0 (+1)	1,240 (+5%)	3mo	$251,000	$202	67
768 Devonshire Rd	0.30mi	4/1.0 (+1)	1,248 (+6%)	2mo	$240,000	$192	67
721 Fox River Rd	0.18mi	4/1.5 (+1)	1,316 (+12%)	1mo	$240,000	$182	66
729 Governor Rd	0.09mi	4/2.0 (+1)	1,316 (+12%)	4mo	$160,000	$122	65
755-1 Baltimore Rd	0.31mi	3/1.5	1,296 (+10%)	4mo	$229,000	$177	65
763 Timberline Pkwy	0.41mi	3/1.5	1,280 (+9%)	4mo	$197,000	$154	63
376 Briarwood Dr	0.43mi	3/1.5	1,280 (+9%)	3mo	$211,000	$165	63
767-1 Heritage Rd	0.22mi	3/1.0	1,344 (+14%)	4mo	$160,000	$119	60
722-1 Capitol Rd	0.27mi	4/2.0 (+1)	1,316 (+12%)	2mo	$239,900	$182	58
317 Midway Dr	0.31mi	3/1.5	1,008 (-14%)	5mo	$210,000	$208	58
384 Lahonda Dr	0.58mi	3/1.0	1,280 (+9%)	1mo	$205,000	$160	56

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.6%
• Equity multiple: 0.48×
• Total profit: $-33,496
• Equity at exit: $34,279

10-year hold

• IRR: -5.9%
• Equity multiple: 0.62×
• Total profit: $-24,502
• Equity at exit: $19,878

Cash invested: $64,372 (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 46385

• Active inventory: 375
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,900 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$104 /mo · $1,254/yr
• Insurance: −$96
• HOA: −$35
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $60

Break-even live

Break-even rent $1,824

Max offer price $229,900

Occupancy floor 92%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
774 Fox River Rd Valparaiso, IN	3.0	1.5	1176	$1,725	$1.47	43d	1	0.34mi
732 N State Road 149 Valparaiso, IN	3.0	1.0	1008	$1,650	$1.64	1d	1	0.39mi
778 Capitol Rd Valparaiso, IN	4.0	1.5	1114	$1,895	$1.70	17d	1	0.44mi
374 Raritan Dr Valparaiso, IN	3.0	1.0	960	$1,800	$1.88	10d	1	0.57mi
678 Dearborn Rd Unit B Valparaiso, IN	2.0	1.5	1000	$1,395	$1.40	10d	1	0.84mi
397 Plymouth Rd Unit B Valparaiso, IN	3.0	2.0	1300	$1,795	$1.38	43d	1	0.90mi
3471 Sunnyside Dr Portage, IN	1.0–2.0	1.0–2.0	1083	$1,940	$1.79	1d	11	1.45mi

HOA detail

• Monthly dues: $35 · $420/yr

Listing history 8 events

1. 2026-05-31
   status $229,900 Pending 3 DOM
2. 2026-05-31
   days on market $229,900 Active 3 DOM
3. 2026-05-28
   listed $229,900 Active
4. 2021-11-05
   soldstatus $191,100 Closed 390-char remark

   Show marketing remark (390 chars)

   Beautifully maintained home on a great corner lot right by Saylor Elementary School. This home is very unique in South Haven as it has an attached one car garage and a detached 2 car garage. The furnace, ac, roof and windows are all just a few years old and there is a hook-up for a generator. The fenced in yard also features a nice shed for extra storage. Home is vacant and easy to show.

5. 2021-11-03
   listed Active Under Contract 390-char remark

   Show marketing remark (390 chars)

   Beautifully maintained home on a great corner lot right by Saylor Elementary School. This home is very unique in South Haven as it has an attached one car garage and a detached 2 car garage. The furnace, ac, roof and windows are all just a few years old and there is a hook-up for a generator. The fenced in yard also features a nice shed for extra storage. Home is vacant and easy to show.

6. 2021-07-20
   listed $191,100 390-char remark

   Show marketing remark (390 chars)

   Beautifully maintained home on a great corner lot right by Saylor Elementary School. This home is very unique in South Haven as it has an attached one car garage and a detached 2 car garage. The furnace, ac, roof and windows are all just a few years old and there is a hook-up for a generator. The fenced in yard also features a nice shed for extra storage. Home is vacant and easy to show.

7. 2018-06-25
   soldstatus $134,850 438-char remark

   Show marketing remark (438 chars)

   Just a Wonderful, Lovingly cared for Home Inside and Out. Inside is a large Kitchen with Tile flooring and Appliances, Large Living Room with new Flooring, Both Baths have been remodeled and are lovely. There is an Attached 1 car deep Garage and a Detached 2.5 car Garage that has a workbench and pull down attic. A Shed, Fenced yard and Hook up for generator. New Roof, Newer Furnace and A/C, Newer Windows and extra insulation in attic.

8. 2018-05-07
   listed $134,850 438-char remark

   Show marketing remark (438 chars)

   Just a Wonderful, Lovingly cared for Home Inside and Out. Inside is a large Kitchen with Tile flooring and Appliances, Large Living Room with new Flooring, Both Baths have been remodeled and are lovely. There is an Attached 1 car deep Garage and a Detached 2.5 car Garage that has a workbench and pull down attic. A Shed, Fenced yard and Hook up for generator. New Roof, Newer Furnace and A/C, Newer Windows and extra insulation in attic.

ⓘ 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: $1,254 · $104/mo
• Projected year-2 tax: $1,604 · $134/mo
• Expected delta: +$350/yr (+$29/mo · 27.9%)

ⓘ 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 2/10 Low 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,798
• − Mortgage interest: −$12,878
• − Property taxes: −$1,254
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,824
• − Management: −$1,824
• − HOA: −$420
• − Depreciation: −$6,688
• Taxable loss: −$3,239
• Est. tax savings @ 24.0%: +$777
• After-tax cash flow: $1,497/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: Portage Township Schools
• NCES district ID: 1809150
• Math proficiency: 26% ▼ -15.00%
• Reading proficiency: 36% ▼ -10.00%
• Median HH income: $53,880
• Composite: 27.37/100
• National rank: #6978
• State rank: #221 of 301 in IN

Livability — South Haven

• Score: 72/100
• State rank: #119
• US rank: #6424

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Haven, IN
• County: Porter County · 151,647 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 40,856
• Household income: $98,957
• Rent vs Own: 13.4% rent · 86.6% own
• Severe rent burden: 304.0

Population outlook (Porter County) Hauer SSP2

• Today (2025): 177,804 people
• By 2030: 181,552 · +2.1%
• By 2040: 185,830 · +4.5%
• By 2050: 187,498 · +5.5%
• By 2075: 189,585 · +6.6%
• By 2100: 183,722 · +3.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 9% Two or more races 7% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 9% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, Philippines
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Porter

• 2024 margin: R (+10.5) · D 43.8% · R 54.3% · Other 1.8%
• 2008→2024 swing: -17.7pp toward R · 2008: 7.2pp · 2024: -10.5pp
• All cycles: 2024: R+10.5 2020: R+6.1 2016: R+6.8 2012: D+3.8 2008: D+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.11%
• Current HPI: 201.7039
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• 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

+70.5% since first listed

6 events — show timeline

• 2026-05-28 Listed $229,900 NIRA MLS as Distributed by MLS Grid
• 2021-11-05 Sold (MLS) $191,100 NIRA MLS as Distributed by MLS Grid
• 2021-11-03 Listed — NIRA MLS as Distributed by MLS Grid
• 2021-07-20 Listed $191,100 NIRA MLS as Distributed by MLS Grid
• 2018-06-25 Sold (MLS) $134,850 NIRA MLS as Distributed by MLS Grid
• 2018-05-07 Listed $134,850 NIRA MLS as Distributed by MLS Grid

Property tax history

-4.2%/yr

Latest (2024): $1,254 · +1.0% YoY. Source: county tax records.