561 Grayton Rd · Kingsford Heights, IN 46346

$129,000

1 bd · 1.0 ba · 600 sqft · SingleFamily public records · 254 Days on market

Built 1942 3,049 sqft lot Est $125k · at est.

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Why this score? — see what drove the C 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 +19.1/30.0
• Appreciation +8.7/10.0
• DSCR +6.0/10.0
• ARV discount +6.0/15.0
• 1% rule +4.4/10.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Charming 2 bedroom home ready for its new owner. This home has been completely remodeled within the last two years. News include new roof, siding, furnace, water heater, plumbing, drywall, paint , trim and doors.

Key facts

• New furnace
• New plumbing
• New siding

Tags

• COMPLETELY REMODELED
• NEW ROOF
• NEW SIDING
• NEW FURNACE
• NEW WATER HEATER
• NEW PLUMBING

Property features AI

Finance

• Other: Approximately 600 above-grade finished area

Exterior

• Parking: No designated parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); 1 story
• Construction: Vinyl siding; Asphalt roof; Block foundation; Built as site-built home
• Exterior features: Level lot; Lot dimensions approximately 33 x 97

Interior

• Kitchen: Microwave; Refrigerator; Gas Range
• Bedrooms: 4 total rooms
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Microwave; Refrigerator; Gas Range; Stacked washer/dryer; Crawl space
• Laundry & utility: Stacked washer/dryer on main level

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $136 ($2k/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 $121k (5.8% below list).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.8% in Kingsford Heights — 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 65/100 on livability (#336 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: employment D+, amenities F, commute F.
• Laporte Community School Corporation (urban): math 37% / reading 44% proficiency, ranked #139 of 301 in IN (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Kingsford Heights Elementary Sch (math 54% / reading 37%, grade D-, #367 of 994 statewide, top 37%, 141 students, 76% FRL) — zoned schools average 76% FRL vs 44% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 36 active listings in the ZIP; 216 units permitted in LaPorte County in 2024 (75 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($892 loan paydown + $9k appreciation (7.3% local appreciation)).
• LaPorte County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (7.3% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 254 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 25y 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 $110k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 254 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — 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: 0.94% ✗
• Cap rate: 7.56%
• Cash-on-cash: 4.53%
• DSCR: 1.20
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $124,800
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
561 Grayton Rd	0.00mi	2/1.0 (+1)	600 (0%)	1mo	$125,000	$208	94
257 S Ivanhoe Rd	0.55mi	2/1.0 (+1)	560 (-7%)	24mo	$110,000	$196	38
599 Roanoke Rd	0.51mi	2/1.0 (+1)	672 (+12%)	19mo	$148,000	$220	36
329 Litchfield Rd	0.53mi	2/1.0 (+1)	672 (+12%)	21mo	$75,000	$112	32

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

Projected returns pro-forma

7.33% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.0%
• Equity multiple: 2.56×
• Total profit: $56,304
• Equity at exit: $92,155

10-year hold

• IRR: 20.4%
• Equity multiple: 5.34×
• Total profit: $156,900
• Equity at exit: $177,612

Cash invested: $36,120 (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 46346

• Home prices YoY: 2.4%
• Active inventory: 36
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,215 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$93 /mo · $1,116/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $136

Break-even live

Break-even rent $1,042

Max offer price $129,000

Occupancy floor 84%

Sensitivity live

Price	-10% $209	-5% $173	+0% $136	+5% $100	+10% $63
Rent	-10% $40	-5% $88	+0% $136	+5% $184	+10% $232
Rate	-1.0pp $201	-0.5pp $169	base $136	+0.5pp $103	+1.0pp $69

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-04-20
   status Pending 212-char remark

   Show marketing remark (212 chars)

   Charming 2 bedroom home ready for its new owner. This home has been completely remodeled within the last two years. News include new roof, siding, furnace, water heater, plumbing, drywall, paint , trim and doors.

2. 2026-03-25
   price $129,000

   Show marketing remark (212 chars)

   Charming 2 bedroom home ready for its new owner. This home has been completely remodeled within the last two years. News include new roof, siding, furnace, water heater, plumbing, drywall, paint , trim and doors.

3. 2026-03-25
   price $129,000 212-char remark

   Show marketing remark (212 chars)

   Charming 2 bedroom home ready for its new owner. This home has been completely remodeled within the last two years. News include new roof, siding, furnace, water heater, plumbing, drywall, paint , trim and doors.

4. 2025-09-15
   listed $130,000 Active

   Show marketing remark (212 chars)

   Charming 2 bedroom home ready for its new owner. This home has been completely remodeled within the last two years. News include new roof, siding, furnace, water heater, plumbing, drywall, paint , trim and doors.

5. 2025-09-15
   listed $130,000 Active 212-char remark

   Show marketing remark (212 chars)

   Charming 2 bedroom home ready for its new owner. This home has been completely remodeled within the last two years. News include new roof, siding, furnace, water heater, plumbing, drywall, paint , trim and doors.

6. 2024-04-09
   soldstatus $110,000 Closed 814-char remark

   Show marketing remark (814 chars)

   Discover the perfect blend of modern comfort and charm in this fully remodeled 2-bedroom, 1-bath home on a cozy small lot. The property features an open floor plan with stylish upgrades throughout, making it a delightful space to call home. The NEW'S include HVAC, Water Heater, Plumbing and most electrical, Drywall, Paint, Trim and Doors, Newer vinyl windows, all new flooring, roof, siding, fixtures and this one comes with a stackable washer/dryer! With its convenient location and tasteful interior, this residence offers a wonderful living experience for those looking for a comfortable and welcoming retreat. With its clever use of space and attention to detail, this remodel exemplifies the perfect fusion of function and aesthetics, making it the perfect place to call home so make your appointment today.

7. 2024-02-29
   status Pending 814-char remark

   Show marketing remark (814 chars)

   Discover the perfect blend of modern comfort and charm in this fully remodeled 2-bedroom, 1-bath home on a cozy small lot. The property features an open floor plan with stylish upgrades throughout, making it a delightful space to call home. The NEW'S include HVAC, Water Heater, Plumbing and most electrical, Drywall, Paint, Trim and Doors, Newer vinyl windows, all new flooring, roof, siding, fixtures and this one comes with a stackable washer/dryer! With its convenient location and tasteful interior, this residence offers a wonderful living experience for those looking for a comfortable and welcoming retreat. With its clever use of space and attention to detail, this remodel exemplifies the perfect fusion of function and aesthetics, making it the perfect place to call home so make your appointment today.

8. 2024-02-09
   price $119,900 814-char remark

   Show marketing remark (814 chars)

   Discover the perfect blend of modern comfort and charm in this fully remodeled 2-bedroom, 1-bath home on a cozy small lot. The property features an open floor plan with stylish upgrades throughout, making it a delightful space to call home. The NEW'S include HVAC, Water Heater, Plumbing and most electrical, Drywall, Paint, Trim and Doors, Newer vinyl windows, all new flooring, roof, siding, fixtures and this one comes with a stackable washer/dryer! With its convenient location and tasteful interior, this residence offers a wonderful living experience for those looking for a comfortable and welcoming retreat. With its clever use of space and attention to detail, this remodel exemplifies the perfect fusion of function and aesthetics, making it the perfect place to call home so make your appointment today.

9. 2024-02-02
   price $124,900 814-char remark

   Show marketing remark (814 chars)

   Discover the perfect blend of modern comfort and charm in this fully remodeled 2-bedroom, 1-bath home on a cozy small lot. The property features an open floor plan with stylish upgrades throughout, making it a delightful space to call home. The NEW'S include HVAC, Water Heater, Plumbing and most electrical, Drywall, Paint, Trim and Doors, Newer vinyl windows, all new flooring, roof, siding, fixtures and this one comes with a stackable washer/dryer! With its convenient location and tasteful interior, this residence offers a wonderful living experience for those looking for a comfortable and welcoming retreat. With its clever use of space and attention to detail, this remodel exemplifies the perfect fusion of function and aesthetics, making it the perfect place to call home so make your appointment today.

10. 2023-10-27
    listed $134,900 Active 814-char remark

    Show marketing remark (814 chars)

    Discover the perfect blend of modern comfort and charm in this fully remodeled 2-bedroom, 1-bath home on a cozy small lot. The property features an open floor plan with stylish upgrades throughout, making it a delightful space to call home. The NEW'S include HVAC, Water Heater, Plumbing and most electrical, Drywall, Paint, Trim and Doors, Newer vinyl windows, all new flooring, roof, siding, fixtures and this one comes with a stackable washer/dryer! With its convenient location and tasteful interior, this residence offers a wonderful living experience for those looking for a comfortable and welcoming retreat. With its clever use of space and attention to detail, this remodel exemplifies the perfect fusion of function and aesthetics, making it the perfect place to call home so make your appointment today.

11. 2023-06-30
    soldstatus $37,000 Closed
12. 2023-06-16
    status Pending
13. 2023-05-30
    listed $49,999 Active
14. 2001-06-30
    historical
15. 2001-06-22
    listed $24,500

ⓘ 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: $1,116 · $93/mo
• Projected year-2 tax: $1,116 · $93/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,576
• − Mortgage interest: −$7,226
• − Property taxes: −$1,116
• − Insurance: −$645
• − Repairs & maintenance: −$1,166
• − Management: −$1,166
• − Depreciation: −$3,753
• Taxable loss: −$496
• Est. tax savings @ 24.0%: +$119
• After-tax cash flow: $1,755/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: Laporte Community School Corporation
• NCES district ID: 1805580
• Math proficiency: 37% ▼ -13.00%
• Reading proficiency: 44% ▼ -11.00%
• Median HH income: $46,761
• Composite: 34.58/100
• National rank: #5162
• State rank: #139 of 301 in IN

Livability — Kingsford Heights

• Score: 65/100
• State rank: #336
• US rank: #12996

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kingsford Heights, IN
• City population: 1,313
• Population (ZIP): 1,313

Population outlook (LaPorte County) Hauer SSP2

• Today (2025): 109,757 people
• By 2030: 108,288 · -1.3%
• By 2040: 105,070 · -4.3%
• By 2050: 102,330 · -6.8%
• By 2075: 97,009 · -11.6%
• By 2100: 86,459 · -21.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Two or more races 12% Hispanic / Latino 9% Black 7%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 9% Lithuanian 3% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 5% German/W. Germanic 1% Other Asian/Pacific 1%

Political lean MEDSL · LaPorte

• 2024 margin: R (+14.1) · D 42.1% · R 56.2% · Other 1.7%
• 2008→2024 swing: -19.1pp toward R · 2008: 5.0pp · 2024: -14.1pp
• All cycles: 2024: R+14.1 2020: R+7.2 2016: R+6.4 2012: D+12.6 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.33%
• Current HPI: 308.0461
• 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

+426.5% since first listed

15 events — show timeline

• 2026-04-20 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $129,000 IRMLS
• 2026-03-25 Price Changed $129,000 NIRA MLS as Distributed by MLS Grid
• 2025-09-15 Listed $130,000 IRMLS
• 2025-09-15 Listed $130,000 NIRA MLS as Distributed by MLS Grid
• 2024-04-09 Sold (MLS) $110,000 NIRA MLS as Distributed by MLS Grid
• 2024-02-29 Pending — NIRA MLS as Distributed by MLS Grid
• 2024-02-09 Price Changed $119,900 NIRA MLS as Distributed by MLS Grid
• 2024-02-02 Price Changed $124,900 NIRA MLS as Distributed by MLS Grid
• 2023-10-27 Listed $134,900 NIRA MLS as Distributed by MLS Grid
• 2023-06-30 Sold (MLS) $37,000 NIRA MLS as Distributed by MLS Grid
• 2023-06-16 Pending — NIRA MLS as Distributed by MLS Grid
• 2023-05-30 Listed $49,999 NIRA MLS as Distributed by MLS Grid
• 2001-06-30 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2001-06-22 Listed $24,500 NIRA MLS as Distributed by MLS Grid

Property tax history

+14.1%/yr

Latest (2024): $1,116 · +72.2% YoY. Source: county tax records.