320 Elm St · Lynnville, IN 47619

$96,000

3 bd · 2.0 ba · 1,232 sqft · SingleFamily public records · 6 Days on market

Built 1958 0.52 ac lot Est $187k · 49% under

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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 +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +5.9/10.0
• Appreciation +5.0/10.0
• Schools +4.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Lynnville has a new opening, and you won't believe your eyes! This home at 320 N Elm Street is one of the most clean and updated homes in the area. Found just a short walk away from Lynnville Elementary School, this cute home welcomes you to the neighborhood with a new vinyl fence and gate in the front yard for your (and your pets'!) enjoyment. Once you enter the door, you'll fall in love with the crisp, new look this 3bed/2bath home has found. After being greeted by the spacious living room and new carpet and paint, taking just a few steps forward will land you in the completely remodeled kitchen! Admire the new cabinets, countertops, and porcelain tile while enjoying all the space this kitchen has to offer. Aside from a great view of the back yard, you'll also notice a second doorway to the side. This door leads you to the elongated hallway space between the kitchen and attached 2-car garage (complete with remote openers). This area would be perfect for a cozy den, office space, or even just a storage room, and it also provides access to the huge back yard via a set of beautiful double doors. If you return to the immaculate kitchen, the adjacent side of the room will present you with another hallway --- this space leads to the family of bedrooms. The first two bedrooms share a full bathroom, complete with new cabinets and sink faucets. It's truly beautiful! The third bedroom is the master, and it includes its own full bathroom (also completely new) along with a spacious walk-in closet. Closer to the first two bedrooms is the separate laundry room, equipped with a new washer and dryer that are included in the sale. Also found in that room is the entrance to the basement area, which holds the new water heater and the energy efficient gas furnace. As you can tell by now, the theme of this beautiful home is NEW, NEW, NEW! Other prominent updates include a new roof, new insulation, a new front deck, new doors and hardware, new fixtures, new carpet and paint throughout, a new 200 amp electrical service, as well as all new appliances, all of which are included in the sale. It almost sounds too good to be true! This completely remodeled home is move-in ready and looking for a new owner. Is it you? Stop by to see if it's a match!

Key facts

• 0.52 acre lot
• 2 garage spots
• Built 1958

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residential, site-built home; One story
• Construction: Vinyl siding; Built as site-built construction
• Exterior features: Patio; Wood fencing; Level lot

Interior

• Bathrooms: Two full bathrooms and one half bathroom (all on the main level)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: 6 total rooms; Partial, unfinished basement with crawl space
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $96k.

Deal economics

• At list price, monthly cash flow is $149 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $96k).

Location & tenants

• Location reads 67/100 on livability (#251 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Warrick County School Corporation (suburban): math 54% / reading 59% proficiency, ranked #24 of 301 in IN (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lynnville Elementary School (math 72% / reading 62%, grade B+, #55 of 994 statewide, top 6%, 199 students, 45% FRL); Tecumseh Middle School (math 38% / reading 55%, grade D+, #72 of 330 statewide, top 22%, 236 students, 37% FRL); Tecumseh High School (math 37% / reading 57%, grade D-, #143 of 369 statewide, top 44%, 284 students, 25% FRL).
• Market conditions: 17 active listings in the ZIP; 249 units permitted in Warrick County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($664 loan paydown + $3k appreciation (3.0% local appreciation)).
• Warrick County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 9y 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.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $96,000

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.09% ✓
• Cap rate: 8.16%
• Cash-on-cash: 6.66%
• DSCR: 1.30
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $187,264
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
419 E First St	0.16mi	3/1.0	1,181 (-4%)	13mo	$180,000	$152	71
229 E First St	0.19mi	2/1.0 (-1)	1,168 (-5%)	18mo	$165,000	$141	58
201 W 4th St	0.37mi	4/1.5 (+1)	1,196 (-3%)	15mo	$198,000	$166	58

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: 13.7%
• Equity multiple: 1.78×
• Total profit: $21,089
• Equity at exit: $43,166

10-year hold

• IRR: 15.6%
• Equity multiple: 3.30×
• Total profit: $61,810
• Equity at exit: $66,524

Cash invested: $26,880 (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 47619

• Active inventory: 17
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,048 medium
• Mortgage (P&I): −$503
• Tax from tax record: −$135 /mo · $1,620/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $149

Break-even live

Break-even rent $859

Max offer price $96,000

Occupancy floor 81%

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: $24,000
• Closing costs: $2,880
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-16
   listed $96,000 Active
2. 2021-09-07
   listed $194,000
3. 2018-05-02
   soldstatus $132,000 2262-char remark

   Show marketing remark (2262 chars)

   Lynnville has a new opening, and you won't believe your eyes! This home at 320 N Elm Street is one of the most clean and updated homes in the area. Found just a short walk away from Lynnville Elementary School, this cute home welcomes you to the neighborhood with a new vinyl fence and gate in the front yard for your (and your pets'!) enjoyment. Once you enter the door, you'll fall in love with the crisp, new look this 3bed/2bath home has found. After being greeted by the spacious living room and new carpet and paint, taking just a few steps forward will land you in the completely remodeled kitchen! Admire the new cabinets, countertops, and porcelain tile while enjoying all the space this kitchen has to offer. Aside from a great view of the back yard, you'll also notice a second doorway to the side. This door leads you to the elongated hallway space between the kitchen and attached 2-car garage (complete with remote openers). This area would be perfect for a cozy den, office space, or even just a storage room, and it also provides access to the huge back yard via a set of beautiful double doors. If you return to the immaculate kitchen, the adjacent side of the room will present you with another hallway --- this space leads to the family of bedrooms. The first two bedrooms share a full bathroom, complete with new cabinets and sink faucets. It's truly beautiful! The third bedroom is the master, and it includes its own full bathroom (also completely new) along with a spacious walk-in closet. Closer to the first two bedrooms is the separate laundry room, equipped with a new washer and dryer that are included in the sale. Also found in that room is the entrance to the basement area, which holds the new water heater and the energy efficient gas furnace. As you can tell by now, the theme of this beautiful home is NEW, NEW, NEW! Other prominent updates include a new roof, new insulation, a new front deck, new doors and hardware, new fixtures, new carpet and paint throughout, a new 200 amp electrical service, as well as all new appliances, all of which are included in the sale. It almost sounds too good to be true! This completely remodeled home is move-in ready and looking for a new owner. Is it you? Stop by to see if it's a match!

4. 2018-02-19
   listed $132,000 2262-char remark

   Show marketing remark (2262 chars)

   Lynnville has a new opening, and you won't believe your eyes! This home at 320 N Elm Street is one of the most clean and updated homes in the area. Found just a short walk away from Lynnville Elementary School, this cute home welcomes you to the neighborhood with a new vinyl fence and gate in the front yard for your (and your pets'!) enjoyment. Once you enter the door, you'll fall in love with the crisp, new look this 3bed/2bath home has found. After being greeted by the spacious living room and new carpet and paint, taking just a few steps forward will land you in the completely remodeled kitchen! Admire the new cabinets, countertops, and porcelain tile while enjoying all the space this kitchen has to offer. Aside from a great view of the back yard, you'll also notice a second doorway to the side. This door leads you to the elongated hallway space between the kitchen and attached 2-car garage (complete with remote openers). This area would be perfect for a cozy den, office space, or even just a storage room, and it also provides access to the huge back yard via a set of beautiful double doors. If you return to the immaculate kitchen, the adjacent side of the room will present you with another hallway --- this space leads to the family of bedrooms. The first two bedrooms share a full bathroom, complete with new cabinets and sink faucets. It's truly beautiful! The third bedroom is the master, and it includes its own full bathroom (also completely new) along with a spacious walk-in closet. Closer to the first two bedrooms is the separate laundry room, equipped with a new washer and dryer that are included in the sale. Also found in that room is the entrance to the basement area, which holds the new water heater and the energy efficient gas furnace. As you can tell by now, the theme of this beautiful home is NEW, NEW, NEW! Other prominent updates include a new roof, new insulation, a new front deck, new doors and hardware, new fixtures, new carpet and paint throughout, a new 200 amp electrical service, as well as all new appliances, all of which are included in the sale. It almost sounds too good to be true! This completely remodeled home is move-in ready and looking for a new owner. Is it you? Stop by to see if it's a match!

5. 2017-11-02
   soldstatus $33,800
6. 2017-10-20
   soldstatus $33,700
7. 2017-09-13
   listed $24,900
8. 2017-03-08
   listed $55,900

ⓘ 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: $1,620 · $135/mo
• Projected year-2 tax: $1,620 · $135/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 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,571
• − Mortgage interest: −$5,377
• − Property taxes: −$1,620
• − Insurance: −$480
• − Repairs & maintenance: −$1,006
• − Management: −$1,006
• − Depreciation: −$2,793
• Taxable income: $289
• Est. tax owed @ 24.0%: −$69
• After-tax cash flow: $1,720/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: Warrick County School Corporation
• NCES district ID: 1812390
• Math proficiency: 54% ▼ -8.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $62,801
• Composite: 49.38/100
• National rank: #2014
• State rank: #24 of 301 in IN

Livability — Lynnville

• Score: 67/100
• State rank: #251
• US rank: #10673

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lynnville, IN
• Population (ZIP): 1,629

Population outlook (Warrick County) Hauer SSP2

• Today (2025): 66,569 people
• By 2030: 68,404 · +2.8%
• By 2040: 71,131 · +6.9%
• By 2050: 72,743 · +9.3%
• By 2075: 76,088 · +14.3%
• By 2100: 72,261 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 3% Two or more races 3%
• Common ancestry: Romanian 3% Slovak 2% Portuguese 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Other Indo-European 1%

Political lean MEDSL · Warrick

• 2024 margin: Solid R (+30.2) · D 34.1% · R 64.3% · Other 1.5%
• 2008→2024 swing: -17.4pp toward R · 2008: -12.8pp · 2024: -30.2pp
• All cycles: 2024: R+30.2 2020: R+27.8 2016: R+33.9 2012: R+26.6 2008: R+12.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+71.7% since first listed

8 events — show timeline

• 2026-05-16 Listed $96,000 IRMLS
• 2021-09-07 Listed $194,000 IRMLS
• 2018-05-02 Sold (MLS) $132,000 IRMLS
• 2018-02-19 Listed $132,000 IRMLS
• 2017-11-02 Sold (Public Records) $33,800 Public Records
• 2017-10-20 Sold (MLS) $33,700 IRMLS
• 2017-09-13 Listed $24,900 IRMLS
• 2017-03-08 Listed $55,900 IRMLS

Property tax history

-0.0%/yr

Latest (2024): $1,620 · +26.0% YoY. Source: county tax records.