2913 S Scott Dr · Yorktown, IN 47396

$350,000

4 bd · 2.5 ba · 2,540 sqft · SingleFamily public records · 6 Days on market

Built 1991 0.28 ac lot Est $239k · 47% over

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Why this score? — see what drove the F 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 +13.5/30.0
• Schools +4.3/10.0
• DSCR +4.1/10.0
• Livability +3.7/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful home in Yorktown located on a quiet cul-de-sac. Large backyard totaling more that 1/4 acre (. 275) is easy to enjoy on the large deck. Enter the home to a stunning wide staircase with balcony overlooking the living room. Living room offers high vaulted ceilings with the view of the balcony. Eat-In Kitchen has plenty of cabinets and solid surface countertops. Primary bedroom suite is on the main level. Contains a custom shower with rain shower head, jetted soak tub, two walk-in closets, bidet, and access to the back deck. Laundry room with built-in iron board and a half bath finish out the main level. 2nd story has three bedrooms; all with walk-in closets and a spacious full bath.

Key facts

• Wide staircase
• Custom shower
• Jetted soak tub

Tags

• LARGE BACKYARD
• WIDE STAIRCASE
• CUSTOM SHOWER
• JETTED SOAK TUB
• WALK-IN CLOSETS
• GAS TANKLESS WATER HEATER

Property features AI

Finance

• HOA & community: No association amenities

Exterior

• Parking: Attached garage with garage door opener; Concrete driveway with off-street parking; 2-car garage
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Generator for electric
• Home design: Single-family residential (site-built); Two stories
• Construction: Brick and vinyl siding exterior; Shingle roof; Crawl space foundation; Built as site-built home
• Exterior features: Balcony; Deck (covered); Covered porch; Full fencing; Shed(s)

Interior

• Kitchen: Disposal; Dishwasher; Microwave; Refrigerator; Electric oven and range; Water purifier; Eat-in kitchen
• Bedrooms: Master on main level
• Flooring: Vinyl
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central air conditioning; Ceiling fans; Forced air heating; Natural gas heating; Fireplace insert
• Interior features: Vaulted ceilings; Walk-in closets; Ceiling fans; Eat-in kitchen; Bidet; Master bedroom on main level; Fireplace with insert in living room
• Laundry & utility: Washer hookup on main level; Electric dryer hookup; Washer included; Dryer included; Water softener owned; Tankless and gas water heaters; Water heater; Sump pump in crawl space basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $12 ($148/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $272k (22.4% below list).
• Recommended offer: $272k (22.4% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.5% in Yorktown — 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 73/100 on livability (#99 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Yorktown Community Schools (suburban): math 49% / reading 51% proficiency, ranked #48 of 301 in IN (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Yorktown Elementary School (math 62% / reading 49%, grade C, #188 of 994 statewide, top 19%, 672 students, 36% FRL); Yorktown Middle School (math 38% / reading 44%, grade F, #113 of 330 statewide, top 35%, 656 students, 37% FRL); Yorktown High School (math 42% / reading 77%, grade C+, #49 of 369 statewide, top 16%, 793 students, 33% FRL).
• Market conditions: 48 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 171 units permitted in Delaware County in 2024 (57 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Delaware County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $271,500 (22.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.78% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.15%
• DSCR: 1.01
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $238,760
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8009 W South Dr	0.64mi	4/3.0	2,580 (+2%)	11mo	$239,900	$93	56
8116 W Weller St	0.64mi	4/2.5	2,294 (-10%)	9mo	$216,000	$94	46
2421 S Market St	0.39mi	3/1.0 (-1)	2,192 (-14%)	3mo	$168,000	$77	46
2770 S Andrews Rd	0.49mi	4/2.0	2,181 (-14%)	12mo	$234,900	$108	42
4040 S County Road 550 W	0.66mi	3/2.0 (-1)	2,299 (-10%)	20mo	$260,000	$113	30

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: -16.1%
• Equity multiple: 0.43×
• Total profit: $-56,065
• Equity at exit: $52,186

10-year hold

• IRR: -7.9%
• Equity multiple: 0.51×
• Total profit: $-48,357
• Equity at exit: $30,262

Cash invested: $98,000 (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 47396

• Home prices YoY: -14.6%
• Active inventory: 48
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,715 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$151 /mo · $1,815/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$570
• Net cashflow: $12

Break-even live

Break-even rent $2,699

Max offer price $350,000

Occupancy floor 95%

Sensitivity live

Price	-10% $210	-5% $111	+0% $12	+5% $-87	+10% $-186
Rent	-10% $-202	-5% $-95	+0% $12	+5% $120	+10% $227
Rate	-1.0pp $189	-0.5pp $101	base $12	+0.5pp $-78	+1.0pp $-171

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9860 W Smith St Yorktown, IN	2.0–3.0	1.0–2.0	1526	$2,715	$1.78	46d	2	0.78mi

Listing history 6 events

1. 2026-06-21
   days on market $350,000 Active 6 DOM
2. 2026-06-19
   days on market $350,000 Active 4 DOM
3. 2026-06-18
   days on market $350,000 Active 3 DOM
4. 2026-06-17
   days on market $350,000 Active 2 DOM
5. 2026-06-15
   remarks 699-char remark
6. 2026-06-15
   listed $350,000 Active 1 DOM

ⓘ 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: $1,815 · $151/mo
• Projected year-2 tax: $2,395 · $200/mo
• Expected delta: +$580/yr (+$48/mo · 32.0%)

ⓘ 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 ≥100°F today · 18 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: $32,580
• − Mortgage interest: −$19,605
• − Property taxes: −$1,815
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,606
• − Management: −$2,606
• − Depreciation: −$10,182
• Taxable loss: −$5,985
• Est. tax savings @ 24.0%: +$1,436
• After-tax cash flow: $1,584/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: Yorktown Community Schools
• NCES district ID: 1807230
• Math proficiency: 49% ▼ -8.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $55,611
• Composite: 43.32/100
• National rank: #3036
• State rank: #48 of 301 in IN

Livability — Yorktown

• Score: 73/100
• State rank: #99
• US rank: #5439

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yorktown, IN
• City population: 7,808
• Population (ZIP): 7,808

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 113,036 people
• By 2030: 111,313 · -1.5%
• By 2040: 106,432 · -5.8%
• By 2050: 100,747 · -10.9%
• By 2075: 91,000 · -19.5%
• By 2100: 80,687 · -28.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Asian 2%
• Common ancestry: Italian 4% Slovak 3% Romanian 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Other Indo-European 1%

Political lean MEDSL · Delaware

• 2024 margin: R (+15.8) · D 41.2% · R 57.0% · Other 1.8%
• 2008→2024 swing: -30.8pp toward R · 2008: 15.0pp · 2024: -15.8pp
• All cycles: 2024: R+15.8 2020: R+13.2 2016: R+13.7 2012: D+3.1 2008: D+15.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -35.12%
• Current HPI: 205.7559
• 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

1 event — show timeline

• 2026-06-15 Listed $350,000 IRMLS

Property tax history

-1.6%/yr

Latest (2024): $1,815 · -1.0% YoY. Source: county tax records.