7663 Wymm Ln · Ingalls, IN 46048

$250,000

3 bd · 2.5 ba · 1,696 sqft · SingleFamily public records · 22 Days on market

Built 2006 5,184 sqft lot Est $243k · at est. $17/mo HOA · 1% of rent

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Why this score? — see what drove the D 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).

• Appreciation +10.0/10.0
• Cash flow +9.5/30.0
• ARV discount +6.1/15.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0

Listing remarks MLS

This Cute 3 Bedroom 2 Full Bath Two-Story is NOW AVAILABLE! Located in Prairie Hollow with a Brand New Roof that was Just Installed (August 2020) and 2-Car Garage. A couple of Interior Updates include Nickel Hardware Throughout and Updated Light Fixtures. Cozy Breakfast Room just off Kitchen for Casual Dining or Small Gathering. Master Bedroom Features Laminate Flooring and Master Bath has a Custom Walk-In Closet, New Vanity, Double Sinks, and Ceramic Tile Flooring. Newer Carpeting in Bedrooms 2 & 3. Upstairs Hall Bath Features New Vanity with Double Sinks, Ceramic Tile Flooring, Tub/Shower Combo. Loft on Upper Level with Laminate Flooring. Laundry Area on Main with a Pantry Cabinet, Wall Cabinets, and Closet Rods. Schedule Your Tour Today!

Key facts

• Double vanity
• Walk-in closet
• Shaker cabinets

Tags

• SHAKER CABINETS
• DOUBLE VANITY
• WALK-IN CLOSET
• DEDICATED LAUNDRY ROOM
• PATIO

Property features AI

Finance

• HOA & community: Homeowners association with mandatory annual fee ($200); HOA governs covenants and maintenance

Exterior

• Parking: Attached garage (2 car, approx. 320 sq ft)
• Utilities: Public water; Municipal sewer connected; Solid waste service available
• Home design: Single family residence; Two levels
• Construction: Vinyl siding; Slab foundation
• Exterior features: Patio; Sidewalks; Mature trees

Interior

• Kitchen: Electric oven; Microwave with hood; Refrigerator; Dishwasher; Garbage disposal
• Bedrooms: Three bedrooms on upper level; Primary bedroom with walk-in closet
• Bathrooms: Two full bathrooms; Primary bathroom with double sinks
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Painted woodwork; Water softener (owned); Smoke alarm
• Laundry & utility: Main level laundry; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-175 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (12.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (30.5% below list).
• Recommended offer: $174k (30.5% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 4.0% in Ingalls — 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 64/100 on livability (#391 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.
• South Madison Community School Corporation (rural): math 44% / reading 52% proficiency, ranked #60 of 301 in IN (top 20%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Maple Ridge Elementary School (math 42% / reading 41%, grade F, #478 of 994 statewide, top 49%, 783 students, 46% FRL); Pendleton Heights Middle School (math 37% / reading 48%, grade D-, #98 of 330 statewide, top 30%, 721 students, 36% FRL); Pendleton Heights High School (math 36% / reading 77%, grade C, #70 of 369 statewide, top 19%, 1,357 students, 31% FRL).
• Market conditions: 10 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 184 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k appreciation (10.0% local appreciation)).
• Madison County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 17y 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.
• Current owner paid $155k; list at $250k implies a 61% gain — meaningful room to come down on a strong offer.

Recommended offer $173,748 (30.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.69% ✗
• Cap rate: 5.45%
• Cash-on-cash: -3.00%
• DSCR: 0.87
• GRM: 12.0

CMA / ARV

• ARV (on-the-fly): $242,528
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10830 Grace Dr	0.07mi	3/2.5	1,754 (+3%)	4mo	$239,900	$137	88
10881 August Dr	0.12mi	3/2.5	1,754 (+3%)	13mo	$250,000	$143	78
7572 Wymm Ln	0.11mi	3/2.5	1,792 (+6%)	9mo	$245,000	$137	78
7645 Wymm Ln	0.02mi	3/2.5	1,944 (+15%)	3mo	$274,900	$141	72
10905 Spirit Dr	0.15mi	3/2.5	1,804 (+6%)	16mo	$250,000	$139	69
10824 Woods Dr	0.05mi	3/2.5	1,494 (-12%)	18mo	$230,000	$154	63
1278 W Wyndstone Way	0.67mi	3/2.0	1,692 (-0%)	16mo	$292,000	$173	54
7575 W 1000 S	0.75mi	3/2.0	1,778 (+5%)	7mo	$187,500	$105	50
221 S Alfonte St	0.72mi	2/1.0 (-1)	1,768 (+4%)	2mo	$247,200	$140	47
642 N Quartz Ln	0.66mi	3/2.0	1,804 (+6%)	13mo	$340,000	$188	46
462 N Crystal Dr	0.73mi	3/2.0	1,804 (+6%)	14mo	$340,000	$188	42
334 S Alfonte St	0.64mi	3/2.0	1,911 (+13%)	18mo	$330,000	$173	32

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.1%
• Equity multiple: 2.78×
• Total profit: $124,939
• Equity at exit: $225,220

10-year hold

• IRR: 19.9%
• Equity multiple: 6.38×
• Total profit: $376,512
• Equity at exit: $485,695

Cash invested: $70,000 (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 46048

• Home prices YoY: 14.6%
• Active inventory: 10
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,737 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$115 /mo · $1,383/yr
• Insurance: −$104
• HOA: −$17
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $-175

Break-even live

Break-even rent $1,959

Max offer price $219,121

Occupancy floor —

Sensitivity live

Price	-10% $-33	-5% $-104	+0% $-175	+5% $-246	+10% $-316
Rent	-10% $-312	-5% $-243	+0% $-175	+5% $-106	+10% $-38
Rate	-1.0pp $-49	-0.5pp $-111	base $-175	+0.5pp $-240	+1.0pp $-305

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10845 Mansfield Way Ingalls, IN	3.0	2.5	1516	$1,825	$1.20	12d	1	0.17mi
10918 Spirit Dr Ingalls, IN	4.0	2.5	1633	$1,695	$1.04	3d	1	0.19mi
10918 Spirit Dr Ingalls, IN	4.0	2.5	1633	$1,695	$1.04	0d	1	0.19mi
238 N Alfonte St Ingalls, IN	3.0	2.0	1392	$1,799	$1.29	6d	1	0.85mi
7266 W Reformatory Rd Unit 7264 Pendleton, IN	3.0	2.0	1492	$1,700	$1.14	0d	1	0.94mi
936 E Broadway St Fortville, IN	3.0	1.5	1200	$1,750	$1.46	25d	1	1.12mi
602 Bradley Dr Fortville, IN	2.0–3.0	2.0	1105	$1,602	$1.45	0d	8	1.42mi

HOA detail

• Monthly dues: $17 · $204/yr

Listing history 10 events

1. 2026-05-11
   status Pending
2. 2026-04-19
   listed $250,000 Active
3. 2020-09-25
   soldstatus $155,000 Sold 754-char remark

   Show marketing remark (754 chars)

   This Cute 3 Bedroom 2 Full Bath Two-Story is NOW AVAILABLE! Located in Prairie Hollow with a Brand New Roof that was Just Installed (August 2020) and 2-Car Garage. A couple of Interior Updates include Nickel Hardware Throughout and Updated Light Fixtures. Cozy Breakfast Room just off Kitchen for Casual Dining or Small Gathering. Master Bedroom Features Laminate Flooring and Master Bath has a Custom Walk-In Closet, New Vanity, Double Sinks, and Ceramic Tile Flooring. Newer Carpeting in Bedrooms 2 & 3. Upstairs Hall Bath Features New Vanity with Double Sinks, Ceramic Tile Flooring, Tub/Shower Combo. Loft on Upper Level with Laminate Flooring. Laundry Area on Main with a Pantry Cabinet, Wall Cabinets, and Closet Rods. Schedule Your Tour Today!

4. 2020-09-20
   status Pending 754-char remark

   Show marketing remark (754 chars)

   This Cute 3 Bedroom 2 Full Bath Two-Story is NOW AVAILABLE! Located in Prairie Hollow with a Brand New Roof that was Just Installed (August 2020) and 2-Car Garage. A couple of Interior Updates include Nickel Hardware Throughout and Updated Light Fixtures. Cozy Breakfast Room just off Kitchen for Casual Dining or Small Gathering. Master Bedroom Features Laminate Flooring and Master Bath has a Custom Walk-In Closet, New Vanity, Double Sinks, and Ceramic Tile Flooring. Newer Carpeting in Bedrooms 2 & 3. Upstairs Hall Bath Features New Vanity with Double Sinks, Ceramic Tile Flooring, Tub/Shower Combo. Loft on Upper Level with Laminate Flooring. Laundry Area on Main with a Pantry Cabinet, Wall Cabinets, and Closet Rods. Schedule Your Tour Today!

5. 2020-09-14
   historical 754-char remark

   Show marketing remark (754 chars)

   This Cute 3 Bedroom 2 Full Bath Two-Story is NOW AVAILABLE! Located in Prairie Hollow with a Brand New Roof that was Just Installed (August 2020) and 2-Car Garage. A couple of Interior Updates include Nickel Hardware Throughout and Updated Light Fixtures. Cozy Breakfast Room just off Kitchen for Casual Dining or Small Gathering. Master Bedroom Features Laminate Flooring and Master Bath has a Custom Walk-In Closet, New Vanity, Double Sinks, and Ceramic Tile Flooring. Newer Carpeting in Bedrooms 2 & 3. Upstairs Hall Bath Features New Vanity with Double Sinks, Ceramic Tile Flooring, Tub/Shower Combo. Loft on Upper Level with Laminate Flooring. Laundry Area on Main with a Pantry Cabinet, Wall Cabinets, and Closet Rods. Schedule Your Tour Today!

6. 2020-08-21
   status Pending 754-char remark

   Show marketing remark (754 chars)

   This Cute 3 Bedroom 2 Full Bath Two-Story is NOW AVAILABLE! Located in Prairie Hollow with a Brand New Roof that was Just Installed (August 2020) and 2-Car Garage. A couple of Interior Updates include Nickel Hardware Throughout and Updated Light Fixtures. Cozy Breakfast Room just off Kitchen for Casual Dining or Small Gathering. Master Bedroom Features Laminate Flooring and Master Bath has a Custom Walk-In Closet, New Vanity, Double Sinks, and Ceramic Tile Flooring. Newer Carpeting in Bedrooms 2 & 3. Upstairs Hall Bath Features New Vanity with Double Sinks, Ceramic Tile Flooring, Tub/Shower Combo. Loft on Upper Level with Laminate Flooring. Laundry Area on Main with a Pantry Cabinet, Wall Cabinets, and Closet Rods. Schedule Your Tour Today!

7. 2020-08-18
   status Pending 754-char remark

   Show marketing remark (754 chars)

   This Cute 3 Bedroom 2 Full Bath Two-Story is NOW AVAILABLE! Located in Prairie Hollow with a Brand New Roof that was Just Installed (August 2020) and 2-Car Garage. A couple of Interior Updates include Nickel Hardware Throughout and Updated Light Fixtures. Cozy Breakfast Room just off Kitchen for Casual Dining or Small Gathering. Master Bedroom Features Laminate Flooring and Master Bath has a Custom Walk-In Closet, New Vanity, Double Sinks, and Ceramic Tile Flooring. Newer Carpeting in Bedrooms 2 & 3. Upstairs Hall Bath Features New Vanity with Double Sinks, Ceramic Tile Flooring, Tub/Shower Combo. Loft on Upper Level with Laminate Flooring. Laundry Area on Main with a Pantry Cabinet, Wall Cabinets, and Closet Rods. Schedule Your Tour Today!

8. 2020-08-14
   listed $170,000 Active 754-char remark

   Show marketing remark (754 chars)

   This Cute 3 Bedroom 2 Full Bath Two-Story is NOW AVAILABLE! Located in Prairie Hollow with a Brand New Roof that was Just Installed (August 2020) and 2-Car Garage. A couple of Interior Updates include Nickel Hardware Throughout and Updated Light Fixtures. Cozy Breakfast Room just off Kitchen for Casual Dining or Small Gathering. Master Bedroom Features Laminate Flooring and Master Bath has a Custom Walk-In Closet, New Vanity, Double Sinks, and Ceramic Tile Flooring. Newer Carpeting in Bedrooms 2 & 3. Upstairs Hall Bath Features New Vanity with Double Sinks, Ceramic Tile Flooring, Tub/Shower Combo. Loft on Upper Level with Laminate Flooring. Laundry Area on Main with a Pantry Cabinet, Wall Cabinets, and Closet Rods. Schedule Your Tour Today!

9. 2009-09-12
   historical
10. 2009-03-11
    listed $92,500

ⓘ 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: $1,383 · $115/mo
• Projected year-2 tax: $1,754 · $146/mo
• Expected delta: +$371/yr (+$31/mo · 26.9%)

ⓘ 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 ≥101°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,850
• − Mortgage interest: −$14,004
• − Property taxes: −$1,383
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,668
• − Management: −$1,668
• − HOA: −$204
• − Depreciation: −$7,273
• Taxable loss: −$6,599
• Est. tax savings @ 24.0%: +$1,584
• After-tax cash flow: $-514/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: South Madison Community School Corporation
• NCES district ID: 1810440
• Math proficiency: 44% ▼ -13.00%
• Reading proficiency: 52% ▼ -6.00%
• Median HH income: $63,565
• Composite: 42.4/100
• National rank: #3231
• State rank: #60 of 301 in IN

Livability — Ingalls

• Score: 64/100
• State rank: #391
• US rank: #14479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ingalls, IN
• City population: 2,209
• Population (ZIP): 2,209

Population outlook (Madison County) Hauer SSP2

• Today (2025): 125,800 people
• By 2030: 122,640 · -2.5%
• By 2040: 115,420 · -8.3%
• By 2050: 108,148 · -14.0%
• By 2075: 91,838 · -27.0%
• By 2100: 75,670 · -39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Black 9% Two or more races 7%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 2% Slovak 2% Serbian 2%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Madison

• 2024 margin: Strong R (+26.9) · D 35.6% · R 62.5% · Other 1.9%
• 2008→2024 swing: -33.5pp toward R · 2008: 6.5pp · 2024: -26.9pp
• All cycles: 2024: R+26.9 2020: R+22.6 2016: R+25.7 2012: R+4.5 2008: D+6.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 39.30%
• Current HPI: 308.7212
• 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

+170.3% since first listed

10 events — show timeline

• 2026-05-11 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-19 Listed $250,000 MIBOR as Distributed by MLS Grid
• 2020-09-25 Sold (MLS) $155,000 MIBOR as Distributed by MLS Grid
• 2020-09-20 Pending — MIBOR as Distributed by MLS Grid
• 2020-09-14 Listing Removed — MIBOR as Distributed by MLS Grid
• 2020-08-21 Pending — MIBOR as Distributed by MLS Grid
• 2020-08-18 Pending — MIBOR as Distributed by MLS Grid
• 2020-08-14 Listed $170,000 MIBOR as Distributed by MLS Grid
• 2009-09-12 Listing Removed — MIBOR as Distributed by MLS Grid
• 2009-03-11 Listed $92,500 MIBOR as Distributed by MLS Grid

Property tax history

+8.5%/yr

Latest (2024): $1,383 · -3.0% YoY. Source: county tax records.