907 Tyler St · La Porte, IN 46350

$154,900

3 bd · 1.0 ba · 1,235 sqft · SingleFamily public records · 11 Days on market

Built 1880 3,645 sqft lot Est $174k · 11% under

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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).

• Cash flow +15.0/30.0
• ARV discount +12.5/15.0
• DSCR +4.6/10.0
• Livability +3.7/5.0
• 1% rule +3.5/10.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this well-maintained and recently updated two-story home located in a desirable in town neighborhood. This solid, well built property offers 2- bedrooms and 2- bathrooms, and a attached garage providing both comfort and convenience. Step inside to a spacious living room and large dining area, perfect for gatherings and everyday living. The beautifully updated kitchen features abundant cabinetry, all appliances included, main floor laundry and a clean modern feel. This home offers lots of original woodworking, newer windows throughout, new floor coverings, and fresh interior paint, giving it a bright and move-in-ready appeal. Enjoy outdoor living in the private, fenced backyard-id

Key facts

• Original woodworking
• Main floor laundry
• Newer windows

Tags

• UPDATED KITCHEN
• ABUNDANT CABINETRY
• MAIN FLOOR LAUNDRY
• ORIGINAL WOODWORKING
• NEWER WINDOWS
• NEW FLOOR COVERINGS

Property features AI

Exterior

• Parking: Attached garage with space for 1 vehicle
• Utilities: Public water; Public sewer; 100-amp electrical service
• Home design: Two-story home; Built in 1880
• Construction: Has basement (unfinished)
• Exterior features: Covered front and rear porches; Private yard; Partial fencing; Neighborhood view

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: Primary bedroom; Second bedroom
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Ceiling fans; Country-style kitchen; High ceilings; Entrance foyer; Unfinished basement
• Laundry & utility: Washer; Dryer; Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $47 ($566/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 $132k (14.6% below list).
• Recommended offer: $132k (14.6% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 3.7% in La Porte — 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 74/100 on livability (#81 in IN, #4,852 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: schools C-, commute F, employment F.
• Laporte Community School Corporation (urban): math 37% / reading 44% proficiency, ranked #139 of 301 in IN (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 260 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 216 units permitted in LaPorte County in 2024 (75 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• LaPorte County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 11y 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 $35k; list at $155k implies a 343% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,262 (14.6% below list)

Questions for the listing agent

1. Built in 1880 — 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. 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: 0.85% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.31%
• DSCR: 1.06
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $174,135
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
616 4th St	0.25mi	3/1.5	1,306 (+6%)	7mo	$194,000	$149	71
507 4th St	0.20mi	2/1.0 (-1)	1,064 (-14%)	0mo	$173,500	$163	62
206 1/2 Ohio St	0.66mi	3/2.0	1,200 (-3%)	2mo	$205,000	$171	59
604 Weller Ave	0.73mi	3/1.5	1,216 (-2%)	4mo	$176,000	$145	58
308 Warwick St	0.45mi	2/1.5 (-1)	1,168 (-5%)	6mo	$155,000	$133	58
316 A St	0.32mi	2/1.0 (-1)	1,381 (+12%)	7mo	$145,000	$105	54
1812 Monroe St	0.72mi	2/1.0 (-1)	1,238 (+0%)	9mo	$174,250	$141	53
720 Weller Ave	0.75mi	3/1.5	1,278 (+4%)	5mo	$180,000	$141	53
204 W 12th St	0.70mi	3/2.0	1,292 (+5%)	5mo	$260,000	$201	52
412 Woodbine St	0.75mi	2/1.5 (-1)	1,196 (-3%)	3mo	$149,000	$125	50
383 Montrose St	0.66mi	3/2.0	1,348 (+9%)	7mo	$182,450	$135	44
1412 Scott St	0.74mi	3/1.5	1,382 (+12%)	2mo	$130,000	$94	42

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: -14.2%
• Equity multiple: 0.49×
• Total profit: $-22,120
• Equity at exit: $23,096

10-year hold

• IRR: -5.5%
• Equity multiple: 0.64×
• Total profit: $-15,493
• Equity at exit: $13,393

Cash invested: $43,372 (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 46350

• Active inventory: 260
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,323 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$121 /mo · $1,450/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $47

Break-even live

Break-even rent $1,263

Max offer price $154,900

Occupancy floor 91%

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 Hiawatha Ave La Porte, IN	1.0–2.0	1.0–1.5	909	$1,204	$1.32	44d	2	0.56mi
1105 Woodward St La Porte, IN	3.0	1.0	1142	$1,495	$1.31	44d	1	0.66mi

Listing history 7 events

1. 2026-05-31
   status $154,900 Pending 11 DOM
2. 2026-05-31
   days on market $154,900 Active 11 DOM
3. 2026-05-30
   days on market $154,900 Active 10 DOM
4. 2026-05-20
   listed $154,900 Active
5. 2016-01-19
   historical
6. 2015-11-13
   listed $63,900
7. 1999-02-19
   soldstatus $35,000

ⓘ 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: $1,450 · $121/mo
• Projected year-2 tax: $1,450 · $121/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 2/10 Low 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,871
• − Mortgage interest: −$8,677
• − Property taxes: −$1,450
• − Insurance: −$774
• − Repairs & maintenance: −$1,270
• − Management: −$1,270
• − Depreciation: −$4,506
• Taxable loss: −$2,075
• Est. tax savings @ 24.0%: +$498
• After-tax cash flow: $1,064/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: Laporte Community School Corporation
• NCES district ID: 1805580
• Math proficiency: 37% ▼ -13.00%
• Reading proficiency: 44% ▼ -11.00%
• Median HH income: $46,761
• Composite: 34.58/100
• National rank: #5162
• State rank: #139 of 301 in IN

Livability — La Porte

• Score: 74/100
• State rank: #81
• US rank: #4852

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: La Porte, IN
• County: La Porte County · 88,580 people
• City population: 44,763
• Metro: Michigan City-La Porte, IN
• Population (ZIP): 44,763
• Household income: $74,307
• Rent vs Own: 23.9% rent · 76.1% own
• Severe rent burden: 835.0

Population outlook (LaPorte County) Hauer SSP2

• Today (2025): 109,757 people
• By 2030: 108,288 · -1.3%
• By 2040: 105,070 · -4.3%
• By 2050: 102,330 · -6.8%
• By 2075: 97,009 · -11.6%
• By 2100: 86,459 · -21.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 8% Black 3%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 11% Iranian 3% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 4% Russian/Polish/Slavic 1% German/W. Germanic 1%

Political lean MEDSL · LaPorte

• 2024 margin: R (+14.1) · D 42.1% · R 56.2% · Other 1.7%
• 2008→2024 swing: -19.1pp toward R · 2008: 5.0pp · 2024: -14.1pp
• All cycles: 2024: R+14.1 2020: R+7.2 2016: R+6.4 2012: D+12.6 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -142.94%
• Current HPI: 209.2564
• Rent YoY: —
• Metro: Michigan City-La Porte, IN
• 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

+342.6% since first listed

4 events — show timeline

• 2026-05-20 Listed $154,900 NIRA MLS as Distributed by MLS Grid
• 2016-01-19 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2015-11-13 Listed $63,900 NIRA MLS as Distributed by MLS Grid
• 1999-02-19 Sold (Public Records) $35,000 Public Records

Property tax history

+6.7%/yr

Latest (2024): $1,450 · +42.4% YoY. Source: county tax records.