9341 Bahama Dr #233 · Roselawn, IN 46310

$50,100

3 bd · 2.0 ba · 1,216 sqft · Manufactured · 39 Days on market

Built 2026 Fair condition $41/sqft · 78% below area

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

* THIS IS A RESALE LISTING * This welcoming, well-maintained 3 bedroom, 2 bathroom home is a perfect place to raise your family. For your convenience, we have onsite community management to assist you when you need it. With our family-friendly community amenities such as a playground, community events, and a basketball court, your family will be excited to live here. This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

Key facts

• Basketball court
• Playground
• Built 2026

Tags

• PLAYGROUND
• BASKETBALL COURT

Property features AI

Finance

• Financial info: List price $49,600

Exterior

• Utilities: Natural gas heating; Central air conditioning
• Home design: Spec inventory type; Plan name 92567; Active listing status; Address: 9341 Bahama Dr #233, De Motte, IN 46310

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Living area of 1,216

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $50k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $565 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $49k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#324 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Kankakee Valley School Corporation (rural): math 47% / reading 54% proficiency, ranked #45 of 301 in IN (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 101 active listings in the ZIP; 93 units permitted in Jasper County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Jasper 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 + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($49k) is reasonable based on typical stale-listing flexibility.

Recommended offer $48,597 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.30% ✓
• Cap rate: 19.81%
• Cash-on-cash: 48.29%
• DSCR: 3.15
• GRM: 3.6

CMA / ARV

• ARV (median comp): $224,078
• List price: $50,100
• Delta: -77.64%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5826 E 1042 N	0.28mi	3/2.0	1,352 (+11%)	8mo	$235,000	$174	62
10314 N 570 E	0.45mi	2/2.0 (-1)	1,104 (-9%)	9mo	$181,000	$164	52

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: 45.8%
• Equity multiple: 2.99×
• Total profit: $27,854
• Equity at exit: $7,470

10-year hold

• IRR: 51.6%
• Equity multiple: 6.03×
• Total profit: $70,623
• Equity at exit: $4,332

Cash invested: $14,028 (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 46310

• Home prices YoY: -20.0%
• Active inventory: 101
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,153 medium
• Mortgage (P&I): −$263
• Tax est. 1.5%: −$63 /mo · $752/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $565

Break-even live

Break-even rent $438

Max offer price $50,100

Occupancy floor 46%

Sensitivity live

Price	-10% $599	-5% $582	+0% $565	+5% $547	+10% $530
Rent	-10% $473	-5% $519	+0% $565	+5% $610	+10% $656
Rate	-1.0pp $590	-0.5pp $577	base $565	+0.5pp $552	+1.0pp $538

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: $12,525
• Closing costs: $1,503
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $50,100 Active 39 DOM
2. 2026-06-18
   days on market $50,100 Active 37 DOM
3. 2026-06-17
   days on market $50,100 Active 36 DOM
4. 2026-06-16
   days on market $50,100 Active 35 DOM
5. 2026-06-15
   days on market $50,100 Active 34 DOM
6. 2026-06-13
   days on market $50,100 Active 32 DOM
7. 2026-06-12
   days on market $50,100 Active 31 DOM
8. 2026-06-09
   days on market $50,100 Active 28 DOM
9. 2026-06-08
   days on market $50,100 Active 27 DOM
10. 2026-06-07
    days on market $50,100 Active 26 DOM
11. 2026-06-05
    days on market $50,100 Active 24 DOM
12. 2026-06-04
    days on market $50,100 Active 22 DOM
13. 2026-06-02
    days on market $50,100 Active 21 DOM
14. 2026-06-01
    price $50,100 Active 20 DOM
15. 2026-06-01
    days on market $49,600 Active 20 DOM
16. 2026-05-31
    days on market $49,600 Active 19 DOM
17. 2026-05-31
    days on market $49,600 Active 18 DOM
18. 2026-05-12
    listed $49,600 Active 517-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,834
• − Mortgage interest: −$2,806
• − Property taxes: −$752
• − Insurance: −$250
• − Repairs & maintenance: −$1,107
• − Management: −$1,107
• − Depreciation: −$1,457
• Taxable income: $6,355
• Est. tax owed @ 24.0%: −$1,525
• After-tax cash flow: $5,249/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.

Condition & rehab AI · 2 photos

Fair 45/100 Cosmetic rehab

This manufactured home has average exterior conditions with faded paint and weathered siding. Repainting and repairing the siding will significantly improve its curb appeal and value.

Repairs flagged

• Major Paint — Paint is faded and needs repainting
• Major Siding — Siding appears weathered and needs repainting

Value-add opportunities

• Both Paint and siding repairs — Repainting and repairing siding will improve curb appeal and home value
• Both Landscaping — Well-maintained landscaping can enhance curb appeal and attract potential buyers

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Paint is faded and needs repainting	Major	$15,000–50,000
Siding · Siding appears weathered and needs repainting	Major	$15,000–50,000
Total estimated repair cost · 2 items		$30,000–100,000

Value-add ROI direction

• Both Paint and siding repairs — Repainting and repairing siding will improve curb appeal and home value ↑
• Both Landscaping — Well-maintained landscaping can enhance curb appeal and attract potential buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Kankakee Valley School Corporation
• NCES district ID: 1805280
• Math proficiency: 47% ▼ -3.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $58,135
• Composite: 43.95/100
• National rank: #2901
• State rank: #45 of 301 in IN

Livability — Roselawn

• Score: 65/100
• State rank: #324
• US rank: #12683

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roselawn, IN
• Population (ZIP): 13,914

Population outlook (Jasper County) Hauer SSP2

• Today (2025): 33,185 people
• By 2030: 32,635 · -1.7%
• By 2040: 31,232 · -5.9%
• By 2050: 29,630 · -10.7%
• By 2075: 25,938 · -21.8%
• By 2100: 21,635 · -34.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 10% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Iranian 9% Romanian 7% Slovak 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Jasper

• 2024 margin: Solid R (+54.3) · D 22.1% · R 76.4% · Other 1.6%
• 2008→2024 swing: -33.9pp toward R · 2008: -20.4pp · 2024: -54.3pp
• All cycles: 2024: R+54.3 2020: R+49.0 2016: R+45.4 2012: R+25.5 2008: R+20.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.55%
• Current HPI: 230.433
• 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