202 W Jay St · Dunkirk, IN 47336

$37,049

1 bd · 1.5 ba · 1,432 sqft · SingleFamily public records · 45 Days on market

Built 1916 7,841 sqft lot $26/sqft · 67% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

SELLER FINANCING AVAILABLE! Incredible find! 202 W Jay St, Dunkirk, Indiana, is a charming single-family home built in 1916, offering 1,432 sq ft of living space with 1 bedroom and 1 bathroom. Nestled on a spacious 7,930 sq ft lot, this property boasts a cozy and inviting atmosphere perfect for first-time homebuyers or investors. With its historic charm and potential for customization, 202 W Jay St is a fantastic opportunity to own a piece of Dunkirk's heritage. Sold As Is. Don't miss out on this gem – schedule your showing today! Call Brian Ingle at 765-960-0533 for your private tour today.

Key facts

• 7,841 sq ft lot
• Built 1916
• Listed 45 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Single-story home
• Construction: Metal siding; Wood siding
• Exterior features: Asphalt roof

Interior

• Bedrooms: Total of 5 rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Window unit(s) for cooling
• Interior features: Electric water heater; Crawl space basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath single-family listed at $37k.

Deal economics

• At list price, monthly cash flow is $518 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($991 rent vs $37k).
• Recommended offer: $36k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#404 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, health & safety D, amenities F.
• Jay School Corporation (rural): math 38% / reading 37% proficiency, ranked #175 of 301 in IN (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 32 active listings in the ZIP; 19 units permitted in Jay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($256 loan paydown + $1k appreciation (3.6% local appreciation)).
• Jay County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($36k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,937 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1916 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.67% ✓
• Cap rate: 23.08%
• Cash-on-cash: 59.95%
• DSCR: 3.67
• GRM: 3.1

CMA / ARV

• ARV (median comp): $110,607
• List price: $37,049
• Delta: -66.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
121 E Center St	0.29mi	2/1.0 (+1)	1,376 (-4%)	6mo	$103,000	$75	68
724 S Main St	0.19mi	2/1.0 (+1)	1,388 (-3%)	14mo	$109,900	$79	67
215 Arlington Ave	0.28mi	2/1.0 (+1)	1,504 (+5%)	18mo	$25,500	$17	57
922 S Main St	0.31mi	2/1.0 (+1)	1,268 (-12%)	10mo	$55,500	$44	51
202 Shadyside St	0.68mi	2/1.0 (+1)	1,224 (-14%)	1mo	$142,500	$116	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 65.5%
• Equity multiple: 4.74×
• Total profit: $38,761
• Equity at exit: $18,010

10-year hold

• IRR: 64.5%
• Equity multiple: 9.70×
• Total profit: $90,230
• Equity at exit: $28,855

Cash invested: $10,374 (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 47336

• Home prices YoY: 1.6%
• Active inventory: 32
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $991 medium
• Mortgage (P&I): −$194
• Tax from tax record: −$55 /mo · $655/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $518

Break-even live

Break-even rent $335

Max offer price $37,049

Occupancy floor 43%

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: $9,262
• Closing costs: $1,111
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $37,049 Active 45 DOM
2. 2026-06-17
   days on market $37,049 Active 44 DOM
3. 2026-06-16
   days on market $37,049 Active 43 DOM
4. 2026-06-15
   days on market $37,049 Active 42 DOM
5. 2026-06-13
   days on market $37,049 Active 40 DOM
6. 2026-06-12
   days on market $37,049 Active 39 DOM
7. 2026-06-09
   days on market $37,049 Active 36 DOM
8. 2026-06-08
   days on market $37,049 Active 35 DOM
9. 2026-06-07
   days on market $37,049 Active 34 DOM
10. 2026-06-05
    days on market $37,049 Active 32 DOM
11. 2026-06-04
    days on market $37,049 Active 30 DOM
12. 2026-06-02
    days on market $37,049 Active 29 DOM
13. 2026-06-01
    days on market $37,049 Active 28 DOM
14. 2026-05-31
    days on market $37,049 Active 27 DOM
15. 2026-05-31
    days on market $37,049 Active 26 DOM
16. 2026-05-04
    listed $37,049 Active 604-char remark
17. 2025-11-18
    price $37,049
18. 2025-04-07
    price $37,050

ⓘ 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: $655 · $55/mo
• Projected year-2 tax: $655 · $55/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 ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,887
• − Mortgage interest: −$2,075
• − Property taxes: −$655
• − Insurance: −$185
• − Repairs & maintenance: −$951
• − Management: −$951
• − Depreciation: −$1,078
• Taxable income: $5,992
• Est. tax owed @ 24.0%: −$1,438
• After-tax cash flow: $4,781/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: Jay School Corporation
• NCES district ID: 1804980
• Math proficiency: 38% ▼ -13.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $40,841
• Composite: 31.56/100
• National rank: #5954
• State rank: #175 of 301 in IN

Livability — Dunkirk

• Score: 64/100
• State rank: #404
• US rank: #14764

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dunkirk, IN
• Population (ZIP): 2,793

Population outlook (Jay County) Hauer SSP2

• Today (2025): 20,586 people
• By 2030: 20,155 · -2.1%
• By 2040: 19,274 · -6.4%
• By 2050: 18,203 · -11.6%
• By 2075: 15,062 · -26.8%
• By 2100: 10,857 · -47.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Italian 4% Slovak 2% Scotch-Irish 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Jay

• 2024 margin: Solid R (+55.2) · D 21.6% · R 76.7% · Other 1.7%
• 2008→2024 swing: -47.3pp toward R · 2008: -7.8pp · 2024: -55.2pp
• All cycles: 2024: R+55.2 2020: R+52.4 2016: R+47.8 2012: R+20.0 2008: R+7.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.64%
• Current HPI: 238.768
• 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

-0.0% since first listed

3 events — show timeline

• 2026-05-04 Listed $37,049 RRELMS
• 2025-11-18 Price Changed $37,049 RRELMS
• 2025-04-07 Price Changed $37,050 RRELMS

Property tax history

-3.4%/yr

Latest (2025): $655 · -1.8% YoY. Source: county tax records.