431 W Market St · Jeffersonville, IN 47130

$330,000

3 bd · 2.5 ba · 2,184 sqft · SingleFamily public records · 59 Days on market

Built 2005 2,683 sqft lot $151/sqft · at area comps Est $330k · at est.

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Why this score? — see what drove the C- 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 +19.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.2/10.0
• Livability +4.2/5.0
• Schools +2.7/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Active Airbnb opportunity with additional income potential in the heart of downtown Jeffersonville. This property features a 3-bedroom, 2.5-bath main home plus a fully separate 1-bedroom, 1-bath apartment with its own private entrance—ideal for short-term rental, long-term rental, or multi-generational living. All appliances will remain, and furnishings are negotiable, offering a true turnkey option. The main home is serviced by one HVAC system with an added mini-split for comfort, while the apartment has its own separate HVAC. Two water heaters serve the entire property. New furnace in main house in 2025. New mini-split in 1st floor primary bedroom April 2026. Enjoy a prime location within walking distance to the walking bridge, downtown shops, restaurants, the biking trail, and convenient access to Louisville. Outdoor features include a fenced yard with a private firepit area and a covered front porch. Additional highlights include a one-car garage for off-street parking and a public sidewalk for easy accessibility. A versatile property in a highly desirable location—perfect for investors or owner-occupants looking to offset their mortgage with rental income.

Key facts

• Private firepit area
• Separate hvac
• Fenced yard

Tags

• FULLY SEPARATE APARTMENT
• PRIVATE ENTRANCE
• SEPARATE HVAC
• TWO WATER HEATERS
• FENCED YARD
• PRIVATE FIREPIT AREA

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $394 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $330k).
• Recommended offer: $320k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 3.5% in Jeffersonville — 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 83/100 on livability (#8 in IN, #843 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-.
• Greater Clark County Schools (suburban): math 26% / reading 37% proficiency, ranked #224 of 301 in IN (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 425 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 911 units permitted in Clark County in 2024 (133 in 5+ unit buildings).
• At $3,366/mo this rent would consume 57% of the median local household income ($70k/yr) (locally 1088% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• Clark County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($320k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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 $210k; list at $330k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $320,100 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.02% ✓
• Cap rate: 7.73%
• Cash-on-cash: 5.12%
• DSCR: 1.23
• GRM: 8.2

CMA / ARV

• ARV (median comp): $329,634
• List price: $330,000
• Delta: 0.11%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
209 W Market St	0.20mi	3/1.5	2,176 (-0%)	2mo	$407,500	$187	84
220 Meigs Ave	0.71mi	3/2.0	2,335 (+7%)	7mo	$272,900	$117	48
817 Walnut St	0.70mi	3/2.0	2,071 (-5%)	11mo	$227,000	$110	47
317 Meigs Ave	0.69mi	3/2.0	2,488 (+14%)	8mo	$278,000	$112	36
427 E Chestnut St	0.60mi	3/2.0	1,859 (-15%)	20mo	$325,000	$175	29

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 · 0.58% rent growth · sell at horizon

5-year hold

• IRR: -11.1%
• Equity multiple: 0.61×
• Total profit: $-36,326
• Equity at exit: $49,204

10-year hold

• IRR: -5.7%
• Equity multiple: 0.67×
• Total profit: $-30,415
• Equity at exit: $28,532

Cash invested: $92,400 (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 47130

• Rents YoY: 0.6%
• Active inventory: 425
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $3,366 medium
• Mortgage (P&I): −$1,731
• Tax from tax record: −$396 /mo · $4,758/yr
• Insurance: −$138
• HOA: −$0
• Vacancy / Maint / Mgmt: −$707
• Net cashflow: $394

Break-even live

Break-even rent $2,867

Max offer price $330,000

Occupancy floor 83%

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
309 E Market St #313 Louisville, KY	2.0	2.0	1468	$3,200	$2.18	3d	1	0.99mi
930 E Jefferson St Unit 1028897P Louisville, KY	4.0	2.5	1894	$6,820	$3.60	3d	1	1.34mi
1661 Story Ave Unit 1 Louisville, KY	2.0	2.0	1600	$1,640	$1.02	3d	1	1.49mi

Listing history 24 events

1. 2026-06-18
   days on market $330,000 Active 59 DOM
2. 2026-06-17
   days on market $330,000 Active 58 DOM
3. 2026-06-16
   days on market $330,000 Active 57 DOM
4. 2026-06-15
   days on market $330,000 Active 56 DOM
5. 2026-06-13
   days on market $330,000 Active 54 DOM
6. 2026-06-13
   days on market $330,000 Active 53 DOM
7. 2026-06-10
   days on market $330,000 Active 51 DOM
8. 2026-06-09
   days on market $330,000 Active 50 DOM
9. 2026-06-08
   days on market $330,000 Active 49 DOM
10. 2026-06-07
    days on market $330,000 Active 48 DOM
11. 2026-06-03
    days on market $330,000 Active 44 DOM
12. 2026-06-02
    days on market $330,000 Active 43 DOM
13. 2026-06-01
    days on market $330,000 Active 42 DOM
14. 2026-05-31
    days on market $330,000 Active 41 DOM
15. 2026-04-20
    listed $330,000 Active 1195-char remark

    Show marketing remark (1195 chars)

    Active Airbnb opportunity with additional income potential in the heart of downtown Jeffersonville. This property features a 3-bedroom, 2.5-bath main home plus a fully separate 1-bedroom, 1-bath apartment with its own private entrance—ideal for short-term rental, long-term rental, or multi-generational living. All appliances will remain, and furnishings are negotiable, offering a true turnkey option. The main home is serviced by one HVAC system with an added mini-split for comfort, while the apartment has its own separate HVAC. Two water heaters serve the entire property. New furnace in main house in 2025. New mini-split in 1st floor primary bedroom April 2026. Enjoy a prime location within walking distance to the walking bridge, downtown shops, restaurants, the biking trail, and convenient access to Louisville. Outdoor features include a fenced yard with a private firepit area and a covered front porch. Additional highlights include a one-car garage for off-street parking and a public sidewalk for easy accessibility. A versatile property in a highly desirable location—perfect for investors or owner-occupants looking to offset their mortgage with rental income.

16. 2021-12-27
    soldstatus $210,000 Closed 830-char remark

    Show marketing remark (830 chars)

    MOTIVATED SELLER . . . Get in on the downtown scene while you can! Dreamed of living near all the great amenities in downtown Jeffersonville? If so, this one is for you. The Big Four Bridge, restaurants, community activities, and riverfront all within steps. This home features three (3) bedrooms and three and a half (3.5) baths. Home has a new roof, new furnace, new gutters, fenced yard with fire pit, cozy front porch, and a ton of character. Over 2,100 square feet of living space and approximately 500 SF of retail / storefront space (can be used for living or business purposes). The home offers options. Can be a great primary residence, could convert to an apartment building, and it is zoned CN – Commercial Neighborhood. Want to operate a business serving the local community, you have a storefront ready to go.

17. 2021-11-19
    status Pending 830-char remark

    Show marketing remark (830 chars)

    MOTIVATED SELLER . . . Get in on the downtown scene while you can! Dreamed of living near all the great amenities in downtown Jeffersonville? If so, this one is for you. The Big Four Bridge, restaurants, community activities, and riverfront all within steps. This home features three (3) bedrooms and three and a half (3.5) baths. Home has a new roof, new furnace, new gutters, fenced yard with fire pit, cozy front porch, and a ton of character. Over 2,100 square feet of living space and approximately 500 SF of retail / storefront space (can be used for living or business purposes). The home offers options. Can be a great primary residence, could convert to an apartment building, and it is zoned CN – Commercial Neighborhood. Want to operate a business serving the local community, you have a storefront ready to go.

18. 2021-11-17
    price $219,000 830-char remark

    Show marketing remark (830 chars)

    MOTIVATED SELLER . . . Get in on the downtown scene while you can! Dreamed of living near all the great amenities in downtown Jeffersonville? If so, this one is for you. The Big Four Bridge, restaurants, community activities, and riverfront all within steps. This home features three (3) bedrooms and three and a half (3.5) baths. Home has a new roof, new furnace, new gutters, fenced yard with fire pit, cozy front porch, and a ton of character. Over 2,100 square feet of living space and approximately 500 SF of retail / storefront space (can be used for living or business purposes). The home offers options. Can be a great primary residence, could convert to an apartment building, and it is zoned CN – Commercial Neighborhood. Want to operate a business serving the local community, you have a storefront ready to go.

19. 2021-10-11
    price $229,000 830-char remark

    Show marketing remark (830 chars)

    MOTIVATED SELLER . . . Get in on the downtown scene while you can! Dreamed of living near all the great amenities in downtown Jeffersonville? If so, this one is for you. The Big Four Bridge, restaurants, community activities, and riverfront all within steps. This home features three (3) bedrooms and three and a half (3.5) baths. Home has a new roof, new furnace, new gutters, fenced yard with fire pit, cozy front porch, and a ton of character. Over 2,100 square feet of living space and approximately 500 SF of retail / storefront space (can be used for living or business purposes). The home offers options. Can be a great primary residence, could convert to an apartment building, and it is zoned CN – Commercial Neighborhood. Want to operate a business serving the local community, you have a storefront ready to go.

20. 2021-09-21
    price $239,000 830-char remark

    Show marketing remark (830 chars)

    MOTIVATED SELLER . . . Get in on the downtown scene while you can! Dreamed of living near all the great amenities in downtown Jeffersonville? If so, this one is for you. The Big Four Bridge, restaurants, community activities, and riverfront all within steps. This home features three (3) bedrooms and three and a half (3.5) baths. Home has a new roof, new furnace, new gutters, fenced yard with fire pit, cozy front porch, and a ton of character. Over 2,100 square feet of living space and approximately 500 SF of retail / storefront space (can be used for living or business purposes). The home offers options. Can be a great primary residence, could convert to an apartment building, and it is zoned CN – Commercial Neighborhood. Want to operate a business serving the local community, you have a storefront ready to go.

21. 2021-09-03
    listed $249,000 Active 830-char remark

    Show marketing remark (830 chars)

    MOTIVATED SELLER . . . Get in on the downtown scene while you can! Dreamed of living near all the great amenities in downtown Jeffersonville? If so, this one is for you. The Big Four Bridge, restaurants, community activities, and riverfront all within steps. This home features three (3) bedrooms and three and a half (3.5) baths. Home has a new roof, new furnace, new gutters, fenced yard with fire pit, cozy front porch, and a ton of character. Over 2,100 square feet of living space and approximately 500 SF of retail / storefront space (can be used for living or business purposes). The home offers options. Can be a great primary residence, could convert to an apartment building, and it is zoned CN – Commercial Neighborhood. Want to operate a business serving the local community, you have a storefront ready to go.

22. 2020-08-05
    soldstatus $196,000
23. 2020-05-18
    listed $197,500
24. 2016-08-11
    soldstatus $38,500

ⓘ 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: $4,758 · $396/mo
• Projected year-2 tax: $4,758 · $396/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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,387
• − Mortgage interest: −$18,485
• − Property taxes: −$4,758
• − Insurance: −$1,650
• − Repairs & maintenance: −$3,231
• − Management: −$3,231
• − Depreciation: −$9,600
• Taxable loss: −$568
• Est. tax savings @ 24.0%: +$136
• After-tax cash flow: $4,867/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: Greater Clark County Schools
• NCES district ID: 1803940
• Math proficiency: 26% ▼ -15.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $47,838
• Composite: 27.2/100
• National rank: #7020
• State rank: #224 of 301 in IN

Livability — Jeffersonville

• Score: 83/100
• State rank: #8
• US rank: #843

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jeffersonville, IN
• County: Clark County · 108,879 people
• City population: 50,514
• Metro: Louisville/Jefferson County, KY-IN
• Population (ZIP): 50,514
• Household income: $70,290
• Rent vs Own: 28.5% rent · 71.5% own
• Severe rent burden: 1088.0

Population outlook (Clark County) Hauer SSP2

• Today (2025): 126,401 people
• By 2030: 131,455 · +4.0%
• By 2040: 140,471 · +11.1%
• By 2050: 147,677 · +16.8%
• By 2075: 161,702 · +27.9%
• By 2100: 164,078 · +29.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Black 12% Two or more races 8% Hispanic / Latino 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Slovak 3% Lithuanian 2% Romanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Clark

• 2024 margin: Strong R (+20.4) · D 38.9% · R 59.3% · Other 1.8%
• 2008→2024 swing: -13.3pp toward R · 2008: -7.1pp · 2024: -20.4pp
• All cycles: 2024: R+20.4 2020: R+18.3 2016: R+22.0 2012: R+9.9 2008: R+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -149.13%
• Current HPI: 218.1985
• Rent YoY: ▲ 0.58%
• Metro: Louisville/Jefferson County, KY-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

+757.1% since first listed

10 events — show timeline

• 2026-04-20 Listed $330,000 SIRA
• 2021-12-27 Sold (MLS) $210,000 SIRA
• 2021-11-19 Pending — SIRA
• 2021-11-17 Price Changed $219,000 SIRA
• 2021-10-11 Price Changed $229,000 SIRA
• 2021-09-21 Price Changed $239,000 SIRA
• 2021-09-03 Listed $249,000 SIRA
• 2020-08-05 Sold (MLS) $196,000 SIRA
• 2020-05-18 Listed $197,500 SIRA
• 2016-08-11 Sold (Public Records) $38,500 Public Records

Property tax history

+10.2%/yr

Latest (2024): $4,758 · +0.0% YoY. Source: county tax records.