10708 N Colby Ave · Eaton, IN 47303

$99,900

3 bd · 2.0 ba · 1,456 sqft · Manufactured public records · 60 Days on market

Built 1993 1.59 ac lot

---

Why this score? — see what drove the B- 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 +28.8/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.5/5.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

Key facts

• 3 lots
• Ramp access
• Wood deck porch

Tags

• 3 LOTS
• 1.5 ACRES
• COVERED CONCRETE PATIO
• WOOD DECK PORCH
• RAMP ACCESS
• NEWER GAS FURNACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $335 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#132 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, health & safety D, amenities F.
• Delaware Community School Corporation (rural): math 43% / reading 51% proficiency, ranked #76 of 301 in IN (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.8%/yr); 112 active listings in the ZIP; 171 units permitted in Delaware County in 2024 (57 in 5+ unit buildings).
• This rent runs 33% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Delaware County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 7.8% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts 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.

Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.30% ✓
• Cap rate: 10.31%
• Cash-on-cash: 14.36%
• DSCR: 1.64
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 7.8% rent growth · sell at horizon

5-year hold

• IRR: 10.1%
• Equity multiple: 1.42×
• Total profit: $11,741
• Equity at exit: $14,895

10-year hold

• IRR: 22.8%
• Equity multiple: 3.42×
• Total profit: $67,638
• Equity at exit: $8,638

Cash invested: $27,972 (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 47303

• Home prices YoY: -18.0%
• Rents YoY: 7.8%
• Active inventory: 112
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,302 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$128 /mo · $1,541/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $335

Break-even live

Break-even rent $878

Max offer price $99,900

Occupancy floor 69%

Sensitivity live

Price	-10% $391	-5% $363	+0% $335	+5% $306	+10% $278
Rent	-10% $232	-5% $283	+0% $335	+5% $386	+10% $438
Rate	-1.0pp $385	-0.5pp $360	base $335	+0.5pp $309	+1.0pp $282

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-17
   status $99,900 Pending 60 DOM
2. 2026-06-17
   days on market $99,900 Active 60 DOM
3. 2026-06-16
   days on market $99,900 Active 59 DOM
4. 2026-06-15
   days on market $99,900 Active 58 DOM
5. 2026-06-14
   days on market $99,900 Active 56 DOM
6. 2026-06-13
   days on market $99,900 Active 55 DOM
7. 2026-06-10
   days on market $99,900 Active 53 DOM
8. 2026-06-09
   days on market $99,900 Active 52 DOM
9. 2026-06-08
   days on market $99,900 Active 51 DOM
10. 2026-06-07
    days on market $99,900 Active 50 DOM
11. 2026-06-02
    days on market $99,900 Active 45 DOM
12. 2026-06-01
    days on market $99,900 Active 44 DOM
13. 2026-05-31
    days on market $99,900 Active 43 DOM
14. 2026-05-30
    days on market $99,900 Active 42 DOM
15. 2026-05-15
    status Active 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

16. 2026-05-15
    status Active 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

17. 2026-05-14
    status Pending 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

18. 2026-05-14
    status Pending 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

19. 2026-05-05
    status Active 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

20. 2026-05-05
    status Active 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

21. 2026-04-17
    status Pending 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

22. 2026-04-17
    status Pending 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

23. 2026-04-03
    status Active 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

24. 2026-04-03
    status Active 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

25. 2026-03-24
    status Pending 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

26. 2026-03-24
    status Pending 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

27. 2026-03-20
    listed $99,900 Active 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

28. 2026-03-20
    listed $99,900 Active 567-char remark

    Show marketing remark (567 chars)

    Manufactured home on 3 lots totaling over 1.5 acres in Eden Park addition! This 3 bedroom, 2 full bath home offers a spacious layout with a 2-car attached garage, covered concrete patio, and a wood deck porch with ramp access. All appliances are included (not warranted). Major mechanical updates include a newer gas furnace, central air, and water heater (approximately 5 years old). Dimensional roof shingles are approximately 16 years old. Property offers plenty of outdoor space and potential for the next owner. Home does need some TLC and is priced accordingly.

ⓘ 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: $1,541 · $128/mo
• Projected year-2 tax: $1,541 · $128/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 · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,624
• − Mortgage interest: −$5,596
• − Property taxes: −$1,541
• − Insurance: −$500
• − Repairs & maintenance: −$1,250
• − Management: −$1,250
• − Depreciation: −$2,906
• Taxable income: $2,582
• Est. tax owed @ 24.0%: −$620
• After-tax cash flow: $3,396/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: Delaware Community School Corporation
• NCES district ID: 1802660
• Math proficiency: 43% ▼ -13.00%
• Reading proficiency: 51% ▼ -10.00%
• Median HH income: $54,665
• Composite: 40.72/100
• National rank: #3659
• State rank: #76 of 301 in IN

Livability — Eaton

• Score: 71/100
• State rank: #132
• US rank: #6844

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

• County: Delaware County · 84,658 people
• Metro: Muncie, IN
• Population (ZIP): 24,392
• Household income: $47,674
• Rent vs Own: 43.5% rent · 56.5% own
• Severe rent burden: 1434.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 113,036 people
• By 2030: 111,313 · -1.5%
• By 2040: 106,432 · -5.8%
• By 2050: 100,747 · -10.9%
• By 2075: 91,000 · -19.5%
• By 2100: 80,687 · -28.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 9% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Italian 4% Slovak 3% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1%

Political lean MEDSL · Delaware

• 2024 margin: R (+15.8) · D 41.2% · R 57.0% · Other 1.8%
• 2008→2024 swing: -30.8pp toward R · 2008: 15.0pp · 2024: -15.8pp
• All cycles: 2024: R+15.8 2020: R+13.2 2016: R+13.7 2012: D+3.1 2008: D+15.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.45%
• Current HPI: 229.8654
• Rent YoY: ▲ 7.80%
• Metro: Muncie, IN
• 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

+0.0% since first listed

14 events — show timeline

• 2026-05-15 Relisted — IRMLS
• 2026-05-15 Relisted — MIBOR as Distributed by MLS Grid
• 2026-05-14 Pending — IRMLS
• 2026-05-14 Pending — MIBOR as Distributed by MLS Grid
• 2026-05-05 Relisted — IRMLS
• 2026-05-05 Relisted — MIBOR as Distributed by MLS Grid
• 2026-04-17 Pending — IRMLS
• 2026-04-17 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-03 Relisted — IRMLS
• 2026-04-03 Relisted — MIBOR as Distributed by MLS Grid
• 2026-03-24 Pending — MIBOR as Distributed by MLS Grid
• 2026-03-24 Pending — IRMLS
• 2026-03-20 Listed $99,900 MIBOR as Distributed by MLS Grid
• 2026-03-20 Listed $99,900 IRMLS

Property tax history

+13.9%/yr

Latest (2024): $1,541 · -3.4% YoY. Source: county tax records.