4415 S Pine Ridge Rd · Schnellville, IN 47513

$189,900

4 bd · 2.0 ba · 1,539 sqft · SingleFamily public records · 16 Days on market

Built 2000 2.00 ac lot

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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 +12.5/30.0
• Appreciation +9.4/10.0
• ARV discount +7.5/15.0
• Schools +5.7/10.0
• DSCR +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0

Listing remarks

Room to roam! Welcome to this beautiful one-owner home situated on 2 scenic acres less than half a mile from Pine Ridge Elementary School. This rare property features a 1,539 sq. ft manufactured home built in 2000 with a detached 2-car garage. Inside, you'll find spacious living and dining areas, a large primary suite with a roomy private bath, and 3 additional nicely sized bedrooms offering plenty of space for family, guests, or a home office. Enjoy peaceful country living with beautiful scenic views in every direction. Major updates include a brand-new roof in 2026 plus an HVAC system that is less than 2 years old for added peace of mind. If you've been looking for space and country char

Key facts

• Brand new roof
• 2 acre lot
• 2 garage spots

Tags

• DETACHED 2 CAR GARAGE
• BRAND NEW ROOF

Property features AI

Finance

• Financial info: Annual tax amount listed (financial details provided)

Exterior

• Parking: Detached garage; Gravel and off-street parking; 2 garage spaces
• Utilities: Public water; Septic sewer
• Home design: Single-story manufactured home; Residential property
• Construction: Vinyl siding
• Exterior features: Asphalt roof; Shed(s) on property; Rolling slope lot

Interior

• Kitchen: Dishwasher; Refrigerator; Electric oven and range
• Bedrooms: Total of 7 rooms (bedroom counts not separately specified)
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms, both on the main level
• Heating & cooling: Forced air heating (electric); Central air conditioning
• Interior features: Dishwasher; Refrigerator; Electric oven; Electric range; Electric water heater; Water heater; One fireplace; Basement (other type)
• Laundry & utility: Main-level laundry with electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $-29 ($-345/yr) — negative.
• To cash-flow at today's rent, offer at most $185k (2.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $140k (26.2% below list).
• Recommended offer: $140k (26.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Southeast Dubois County School Corporation (rural): math 67% / reading 67% proficiency, ranked #5 of 301 in IN (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Pine Ridge Elementary School (math 82% / reading 57%, grade A-, #40 of 994 statewide, top 5%, 236 students, 37% FRL); Forest Park Jr-Sr High School (math 56% / reading 72%, grade B-, #38 of 369 statewide, top 10%, 533 students, 23% FRL) — zoned schools average 30% FRL vs 14% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 9 active listings in the ZIP; 197 units permitted in Dubois County in 2024 (20 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (8.8% local appreciation)).
• Dubois County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (8.8% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,105 (26.2% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.74% ✗
• Cap rate: 6.11%
• Cash-on-cash: -0.65%
• DSCR: 0.97
• GRM: 11.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.76% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.2%
• Equity multiple: 2.61×
• Total profit: $85,674
• Equity at exit: $154,233

10-year hold

• IRR: 19.3%
• Equity multiple: 5.71×
• Total profit: $250,592
• Equity at exit: $316,172

Cash invested: $53,172 (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 47513

• Home prices YoY: 4.1%
• Active inventory: 9
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,401 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$61 /mo · $727/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $-29

Break-even live

Break-even rent $1,437

Max offer price $184,826

Occupancy floor 97%

Sensitivity live

Price	-10% $79	-5% $25	+0% $-29	+5% $-82	+10% $-136
Rent	-10% $-139	-5% $-84	+0% $-29	+5% $27	+10% $82
Rate	-1.0pp $67	-0.5pp $20	base $-29	+0.5pp $-78	+1.0pp $-128

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-07
   statusdays on market $189,900 Pending 16 DOM
2. 2026-06-04
   days on market $189,900 Active 15 DOM
3. 2026-06-02
   days on market $189,900 Active 14 DOM
4. 2026-06-01
   days on market $189,900 Active 13 DOM
5. 2026-05-31
   days on market $189,900 Active 12 DOM
6. 2026-05-31
   days on market $189,900 Active 11 DOM
7. 2026-05-19
   listed $189,900 Active

ⓘ 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: $727 · $61/mo
• Projected year-2 tax: $1,170 · $98/mo
• Expected delta: +$444/yr (+$37/mo · 61.0%)

ⓘ 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 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,813
• − Mortgage interest: −$10,637
• − Property taxes: −$727
• − Insurance: −$950
• − Repairs & maintenance: −$1,345
• − Management: −$1,345
• − Depreciation: −$5,524
• Taxable loss: −$3,715
• Est. tax savings @ 24.0%: +$892
• After-tax cash flow: $547/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: Southeast Dubois County School Corporation
• NCES district ID: 1810640
• Math proficiency: 67% ▼ -5.00%
• Reading proficiency: 67% ▲ 2.00%
• Median HH income: $55,646
• Composite: 57.43/100
• National rank: #1075
• State rank: #5 of 301 in IN

Livability — Schnellville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 1,797

Population outlook (Dubois County) Hauer SSP2

• Today (2025): 43,036 people
• By 2030: 43,079 · +0.1%
• By 2040: 42,531 · -1.2%
• By 2050: 40,762 · -5.3%
• By 2075: 36,227 · -15.8%
• By 2100: 28,083 · -34.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 6% Two or more races 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 4% Lithuanian 4% Slovak 4%
• Foreign-born: 0%
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Dubois

• 2024 margin: Solid R (+42.2) · D 27.8% · R 70.0% · Other 2.2%
• 2008→2024 swing: -38.0pp toward R · 2008: -4.2pp · 2024: -42.2pp
• All cycles: 2024: R+42.2 2020: R+40.1 2016: R+40.0 2012: R+27.7 2008: R+4.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.76%
• Current HPI: 220.9989
• 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

1 event — show timeline

• 2026-05-19 Listed $189,900 IRMLS

Property tax history

+5.5%/yr

Latest (2024): $727 · +17.0% YoY. Source: county tax records.