1218 W Glenburn Rd · Linton, IN 47441

$94,900

2 bd · 1.0 ba · 1,176 sqft · SingleFamily · 198 Days on market

Built 1900 Fair condition 1.01 ac lot $81/sqft · 27% below area Est $131k · 27% under ↓ 4% since listing

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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 +21.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.5/10.0
• Livability +3.6/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the potential in this 2-bedroom, 1-bath home situated on 1.01 acres in Linton, Indiana! Perfect for buyers looking for a project or investors ready to finish what has been started, this property offers a great foundation with plenty of room to customize. The home features a partially completed remodel, giving you a head start on creating your ideal living space. Several updates have already been begun, but additional work is needed throughout, making this an excellent opportunity for someone with vision. The floor plan includes two comfortably sized bedrooms, a full bathroom, and a main living area ready for personal finishing touches. Outside, you’ll find a detached garage ideal for parking, storage, or workshop needs. The 1.01-acre lot provides a rare mix of privacy and space while still keeping you close to town conveniences. With easy access to the highway, commuting and travel are simple and efficient. Due to the unfinished nature of the remodel, this home will not qualify for regular FHA, VA, or USDA financing. Cash or conventional financing only.

Key facts

• 1.01 acre lot
• Detached garage
• 1.01 acre lot

Tags

• DETACHED GARAGE
• 1.01 ACRE LOT
• EASY ACCESS TO HIGHWAY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $134 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 5.2% in Linton — 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 71/100 on livability (#129 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, amenities F, commute F.
• Linton-Stockton School Corporation (town): math 39% / reading 45% proficiency, ranked #128 of 301 in IN (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 66 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $656 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Greene County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 198 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 198 days. Have you received any prior offers? Is the seller open to a 12% 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. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.05% ✓
• Cap rate: 7.99%
• Cash-on-cash: 6.06%
• DSCR: 1.27
• GRM: 7.9

CMA / ARV

• ARV (median comp): $130,687
• List price: $94,900
• Delta: -27.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
995 N 1300w Rd	0.48mi	2/2.0	1,165 (-1%)	12mo	$220,000	$189	62
12215 W St. Rd. 54 St	0.49mi	2/1.0	1,258 (+7%)	5mo	$135,000	$107	62
579 NW 3rd St	0.61mi	3/2.0 (+1)	1,150 (-2%)	0mo	$190,000	$165	58
982 8th St St NW	0.28mi	3/1.0 (+1)	1,020 (-13%)	3mo	$150,000	$147	58
559 NW 3rd St	0.61mi	3/2.0 (+1)	1,150 (-2%)	3mo	$187,900	$163	56
183 11th St NW	0.46mi	3/2.0 (+1)	1,188 (+1%)	17mo	$125,000	$105	54
740 NW 3rd St	0.62mi	2/1.0	1,080 (-8%)	8mo	$130,000	$120	51

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: -6.9%
• Equity multiple: 0.74×
• Total profit: $-6,818
• Equity at exit: $14,150

10-year hold

• IRR: 2.7%
• Equity multiple: 1.19×
• Total profit: $5,128
• Equity at exit: $8,205

Cash invested: $26,572 (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 47441

• Home prices YoY: -31.3%
• Active inventory: 66
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,000 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,424/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $134

Break-even live

Break-even rent $830

Max offer price $94,900

Occupancy floor 82%

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
998 Marshall Ave Apt 8 Linton, IN	2.0	1.0	750	$1,000	$1.33	43d	1	0.29mi
243 NW 14th St Linton, IN	2.0	1.0	750	$1,000	$1.33	7d	1	0.46mi
625 7th St NW Unit 5 Linton, IN	2.0	1.0	750	$1,000	$1.33	43d	1	0.49mi

Listing history 17 events

1. 2026-06-18
   days on market $94,900 Active 198 DOM
2. 2026-06-17
   days on market $94,900 Active 197 DOM
3. 2026-06-16
   days on market $94,900 Active 196 DOM
4. 2026-06-15
   days on market $94,900 Active 195 DOM
5. 2026-06-13
   days on market $94,900 Active 193 DOM
6. 2026-06-12
   days on market $94,900 Active 192 DOM
7. 2026-06-09
   days on market $94,900 Active 189 DOM
8. 2026-06-08
   days on market $94,900 Active 188 DOM
9. 2026-06-07
   days on market $94,900 Active 187 DOM
10. 2026-06-07
    days on market $94,900 Active 186 DOM
11. 2026-06-04
    days on market $94,900 Active 183 DOM
12. 2026-06-02
    days on market $94,900 Active 182 DOM
13. 2026-06-01
    days on market $94,900 Active 181 DOM
14. 2026-05-31
    days on market $94,900 Active 180 DOM
15. 2026-05-31
    days on market $94,900 Active 179 DOM
16. 2026-04-29
    price $94,900 1084-char remark

    Show marketing remark (1084 chars)

    Discover the potential in this 2-bedroom, 1-bath home situated on 1.01 acres in Linton, Indiana! Perfect for buyers looking for a project or investors ready to finish what has been started, this property offers a great foundation with plenty of room to customize. The home features a partially completed remodel, giving you a head start on creating your ideal living space. Several updates have already been begun, but additional work is needed throughout, making this an excellent opportunity for someone with vision. The floor plan includes two comfortably sized bedrooms, a full bathroom, and a main living area ready for personal finishing touches. Outside, you’ll find a detached garage ideal for parking, storage, or workshop needs. The 1.01-acre lot provides a rare mix of privacy and space while still keeping you close to town conveniences. With easy access to the highway, commuting and travel are simple and efficient. Due to the unfinished nature of the remodel, this home will not qualify for regular FHA, VA, or USDA financing. Cash or conventional financing only.

17. 2025-12-02
    listed $99,000 Active 1084-char remark

    Show marketing remark (1084 chars)

    Discover the potential in this 2-bedroom, 1-bath home situated on 1.01 acres in Linton, Indiana! Perfect for buyers looking for a project or investors ready to finish what has been started, this property offers a great foundation with plenty of room to customize. The home features a partially completed remodel, giving you a head start on creating your ideal living space. Several updates have already been begun, but additional work is needed throughout, making this an excellent opportunity for someone with vision. The floor plan includes two comfortably sized bedrooms, a full bathroom, and a main living area ready for personal finishing touches. Outside, you’ll find a detached garage ideal for parking, storage, or workshop needs. The 1.01-acre lot provides a rare mix of privacy and space while still keeping you close to town conveniences. With easy access to the highway, commuting and travel are simple and efficient. Due to the unfinished nature of the remodel, this home will not qualify for regular FHA, VA, or USDA financing. Cash or conventional financing only.

ⓘ 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 4/10 Moderate 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,000
• − Mortgage interest: −$5,316
• − Property taxes: −$1,424
• − Insurance: −$474
• − Repairs & maintenance: −$960
• − Management: −$960
• − Depreciation: −$2,761
• Taxable income: $105
• Est. tax owed @ 24.0%: −$25
• After-tax cash flow: $1,585/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 · 12 photos

Fair 45/100 Moderate rehab

This 2-bedroom, 1-bath home requires moderate renovations, including exterior siding and interior paint touch-up, to improve its condition and value.

Repairs flagged

• Moderate exterior siding — weathered and in need of replacement
• Minor interior walls — uneven paint and touch-up needed

Value-add opportunities

• Resale exterior siding replacement — enhances curb appeal and property value
• Resale interior paint touch-up — improves interior appearance and value
• Both landscaping — enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · weathered and in need of replacement	Moderate	$3,000–15,000
interior walls · uneven paint and touch-up needed	Minor	$500–3,000
Total estimated repair cost · 2 items		$3,500–18,000

Value-add ROI direction

• Resale exterior siding replacement — enhances curb appeal and property value ↑
• Resale interior paint touch-up — improves interior appearance and value ↑
• Both landscaping — enhances curb appeal and property value ↑

ⓘ 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: Linton-Stockton School Corporation
• NCES district ID: 1805910
• Math proficiency: 39% ▼ -6.00%
• Reading proficiency: 45% ▼ -5.00%
• Median HH income: $40,257
• Composite: 35.2/100
• National rank: #4990
• State rank: #128 of 301 in IN

Livability — Linton

• Score: 71/100
• State rank: #129
• US rank: #6717

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Linton, IN
• City population: 8,755
• Population (ZIP): 8,755

Population outlook (Greene County) Hauer SSP2

• Today (2025): 30,724 people
• By 2030: 29,506 · -4.0%
• By 2040: 26,744 · -13.0%
• By 2050: 23,879 · -22.3%
• By 2075: 18,341 · -40.3%
• By 2100: 13,976 · -54.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Hispanic / Latino 2% Two or more races 1%
• Common ancestry: Lithuanian 7% Slovak 2% Iranian 1%
• Foreign-born: 1% · Canada

Political lean MEDSL · Greene

• 2024 margin: Solid R (+53.7) · D 22.4% · R 76.1% · Other 1.6%
• 2008→2024 swing: -39.2pp toward R · 2008: -14.5pp · 2024: -53.7pp
• All cycles: 2024: R+53.7 2020: R+52.2 2016: R+53.4 2012: R+31.4 2008: R+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.46%
• Current HPI: 191.9718
• 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

-4.1% since first listed

2 events — show timeline

• 2026-04-29 Price Changed $94,900 IRMLS
• 2025-12-02 Listed $99,000 IRMLS