7710 E 720 S · Carbon, IN 47837

$365,000

4 bd · 2.0 ba · 1,988 sqft · Manufactured public records · 183 Days on market

Built 2001 13 ac lot

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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).

• Appreciation +9.2/10.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Cash flow +3.8/30.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, is ready-to-move-in to the ease of a single-story ranch layout located on this spacious mini farm. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an built-in sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; 45 x 45 pole barn with 3 stalls, electric and water; carport, storage building, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop and decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer, if requested in the offer. High speed internet service is available through Spectrum and Viasat.

Key facts

• Breathtaking views
• Functioning farm
• Metal roof

Tags

• BREATHTAKING VIEWS
• FUNCTIONING FARM
• METAL ROOF
• POLE BARN
• CUSTOM-MADE AMISH CABINETS
• GRANITE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $365k.

Deal economics

• At list price, monthly cash flow is $-1k ($-13k/yr) — negative.
• To cash-flow at today's rent, offer at most $178k (51.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $136k (62.7% below list).
• Recommended offer: $136k (62.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 56/100 on livability (#618 in IN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: crime D, schools F, amenities F.
• Clay Community Schools (rural): math 46% / reading 49% proficiency, ranked #79 of 301 in IN (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 3 active listings in the ZIP; 61 units permitted in Parke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $33k of equity ($3k loan paydown + $31k appreciation (8.4% local appreciation)).
• Parke County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$53k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 183 days — a 12% lower offer ($321k) is reasonable based on typical stale-listing flexibility.
• 9 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 $160k; list at $365k implies a 128% gain — meaningful room to come down on a strong offer.

Recommended offer $136,072 (62.7% 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 183 days. Have you received any prior offers? Is the seller open to a 63% 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. 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. 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?
8. 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.
9. 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.
10. 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: 0.37% ✗
• Cap rate: 2.82%
• Cash-on-cash: -12.42%
• DSCR: 0.45
• GRM: 22.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.4% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.7%
• Equity multiple: 1.90×
• Total profit: $92,184
• Equity at exit: $287,308

10-year hold

• IRR: 12.3%
• Equity multiple: 4.11×
• Total profit: $317,666
• Equity at exit: $580,121

Cash invested: $102,200 (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 47837

• Home prices YoY: 3.5%
• Active inventory: 3
• Price-to-rent: 22.4×

Monthly cashflow live

• Estimated rent: $1,361 medium
• Mortgage (P&I): −$1,914
• Tax from tax record: −$66 /mo · $797/yr
• Insurance: −$152
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $-1,058

Break-even live

Break-even rent $2,700

Max offer price $178,160

Occupancy floor —

Sensitivity live

Price	-10% $-851	-5% $-954	+0% $-1,058	+5% $-1,161	+10% $-1,700
Rent	-10% $-1,165	-5% $-1,111	+0% $-1,058	+5% $-1,004	+10% $-950
Rate	-1.0pp $-874	-0.5pp $-965	base $-1,058	+0.5pp $-1,152	+1.0pp $-1,248

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: $91,250
• Closing costs: $10,950
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-05-12
   status Pending 1554-char remark

   Show marketing remark (1491 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

2. 2026-05-12
   status Pending 1491-char remark

   Show marketing remark (1491 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

3. 2026-04-27
   status Active 1554-char remark

   Show marketing remark (1554 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, is ready-to-move-in to the ease of a single-story ranch layout located on this spacious mini farm. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an built-in sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; 45 x 45 pole barn with 3 stalls, electric and water; carport, storage building, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop and decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer, if requested in the offer. High speed internet service is available through Spectrum and Viasat.

4. 2026-04-26
   status Active 1491-char remark

   Show marketing remark (1491 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

5. 2026-04-11
   status Pending 1554-char remark

   Show marketing remark (1491 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

6. 2026-04-11
   status Pending 1491-char remark

   Show marketing remark (1491 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

7. 2026-01-15
   status Active 1554-char remark

   Show marketing remark (1554 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, is ready-to-move-in to the ease of a single-story ranch layout located on this spacious mini farm. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an built-in sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; 45 x 45 pole barn with 3 stalls, electric and water; carport, storage building, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop and decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer, if requested in the offer. High speed internet service is available through Spectrum and Viasat.

8. 2025-12-05
   price $365,000 1554-char remark

   Show marketing remark (1491 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

9. 2025-12-05
   price $365,000 1491-char remark

   Show marketing remark (1491 chars)

   Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

10. 2025-11-01
    status Pending 1554-char remark

    Show marketing remark (1554 chars)

    Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, is ready-to-move-in to the ease of a single-story ranch layout located on this spacious mini farm. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an built-in sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; 45 x 45 pole barn with 3 stalls, electric and water; carport, storage building, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop and decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer, if requested in the offer. High speed internet service is available through Spectrum and Viasat.

11. 2025-10-25
    listed $375,000 Active 1554-char remark

    Show marketing remark (1491 chars)

    Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

12. 2025-10-25
    listed $375,000 Active 1491-char remark

    Show marketing remark (1491 chars)

    Discover a life of comfort and country living close to the annual Covered Bridge Festival and about a mile off of SR 59. This 1988 square ft, manufactured, single-family residence, built in 2001, new metal roof 6 years ago, is ready-to-move-in to. The heart of this residence is the the kitchen, which presents a comfortable space for cooking that features beautiful granite counters and island with an integrated sink, perfect for both meal preparation and casual dining. There are also plenty of sturdy, gorgeous, Amish made, wooden cabinets. The home has a primary bedroom suite with two bathrooms and a walk in closet. The property includes 2 car garage with electric and storage; solar panels are negotiable, 45 x 45 pole barn with 3 stalls, electric and water; carport, large garden plot; apple, peach and pear trees; woods and 6 acres of fenced in pasture. New flooring in the kitchen and primary suite bathrooms. The chicken coop, decorative red windmill outside do not convey. Inside the gas stove and propane refrigerator do not stay but the seller will replace the stove with a comparable electric or gas stove if requested in the offer. Rooms sizes are approximate and it is up to the buyers to confirm sizes. Showings during daylight hours only. No photos or videos please. Back on market due to the buyers home sale falling through. The wood stove and solar panels may be included with an acceptable offer if requested. Internet service is available through Spectrum or Viasat.

13. 2021-10-28
    historical
14. 2021-09-10
    listed $289,000
15. 2021-09-10
    listed $289,000
16. 2020-05-29
    historical
17. 2019-09-13
    listed $239,900
18. 2016-08-22
    soldstatus $160,000
19. 2016-07-07
    listed $164,900

ⓘ 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: $797 · $66/mo
• Projected year-2 tax: $1,950 · $162/mo
• Expected delta: +$1,153/yr (+$96/mo · 144.6%)

ⓘ 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 ≥103°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,329
• − Mortgage interest: −$20,446
• − Property taxes: −$797
• − Insurance: −$1,825
• − Repairs & maintenance: −$1,306
• − Management: −$1,306
• − Depreciation: −$10,618
• Taxable loss: −$19,970
• Est. tax savings @ 24.0%: +$4,793
• After-tax cash flow: $-7,899/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: Clay Community Schools
• NCES district ID: 1800840
• Math proficiency: 46% ▼ -6.00%
• Reading proficiency: 49% ▼ -1.00%
• Median HH income: $46,673
• Composite: 40.39/100
• National rank: #3733
• State rank: #79 of 301 in IN

Livability — Carbon

• Score: 56/100
• State rank: #618
• US rank: #22641

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 876

Population outlook (Parke County) Hauer SSP2

• Today (2025): 15,937 people
• By 2030: 15,467 · -2.9%
• By 2040: 14,793 · -7.2%
• By 2050: 14,318 · -10.2%
• By 2075: 13,484 · -15.4%
• By 2100: 12,236 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (100%)
• Race & ethnicity: White 100%
• Common ancestry: Lithuanian 2% Italian 2% Portuguese 1%

Political lean MEDSL · Parke

• 2024 margin: Solid R (+56.9) · D 20.6% · R 77.5% · Other 1.9%
• 2008→2024 swing: -42.8pp toward R · 2008: -14.1pp · 2024: -56.9pp
• All cycles: 2024: R+56.9 2020: R+55.5 2016: R+52.0 2012: R+32.6 2008: R+14.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.40%
• Current HPI: 250.6063
• 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

+121.3% since first listed

19 events — show timeline

• 2026-05-12 Pending — THAAR
• 2026-05-12 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-27 Relisted — THAAR
• 2026-04-26 Relisted — MIBOR as Distributed by MLS Grid
• 2026-04-11 Pending — THAAR
• 2026-04-11 Pending — MIBOR as Distributed by MLS Grid
• 2026-01-15 Relisted — THAAR
• 2025-12-05 Price Changed $365,000 THAAR
• 2025-12-05 Price Changed $365,000 MIBOR as Distributed by MLS Grid
• 2025-11-01 Pending — THAAR
• 2025-10-25 Listed $375,000 THAAR
• 2025-10-25 Listed $375,000 MIBOR as Distributed by MLS Grid
• 2021-10-28 Listing Removed — MIBOR as Distributed by MLS Grid
• 2021-09-10 Listed $289,000 MIBOR as Distributed by MLS Grid
• 2021-09-10 Listed $289,000 IRMLS
• 2020-05-29 Listing Removed — MIBOR as Distributed by MLS Grid
• 2019-09-13 Listed $239,900 MIBOR as Distributed by MLS Grid
• 2016-08-22 Sold (MLS) $160,000 MIBOR as Distributed by MLS Grid
• 2016-07-07 Listed $164,900 MIBOR as Distributed by MLS Grid

Property tax history

+10.8%/yr

Latest (2024): $797 · -27.2% YoY. Source: county tax records.