702 Hopkins Ln · Jeffersonville, IN 47130

$239,000

4 bd · 2.0 ba · 2,260 sqft · SingleFamily public records · 9 Days on market

Built 1988 10,018 sqft lot Est $305k · 22% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• Livability +4.2/5.0
• 1% rule +3.5/10.0
• Schools +2.7/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious 5-bedroom, 2-bath home situated on a large corner lot! This home offers a desirable split floor plan with 3 bedrooms on the main level, including a primary suite with its own ensuite bathroom. The walkout basement provides additional living space with 2 more bedrooms and a large family room, offering flexibility for guests, hobbies, or multi-generational living. With generous square footage and a functional layout, this property is full of potential and ready for your personal touch. Home is being sold AS IS and does require updates and repairs, including a non-operational HVAC system. Inspections are welcome. With its spacious layout and desirable features, this home offers an exc

Key facts

• 0.23 acre lot
• Built 1988
• Listed 9 days

Property features AI

Finance

• Other: Corner lot; Paved road access; Residential zoning; Lot size approximately 0.23 acres

Exterior

• Utilities: Public water; Connected to water; Public sewer
• Home design: Resale property
• Construction: Frame construction; Shingle roof; Below-grade finished living area; Above-grade finished living area
• Exterior features: Deck; Landscaping; Patio; Covered patio/porch

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator
• Bedrooms: Includes a family room; Basement present with walk-out access
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Has heating
• Interior features: Ceiling fans; Open floor plan; Pantry; Split bedrooms; Vaulted ceilings

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $67 ($803/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 $204k (14.5% below list).
• Recommended offer: $204k (14.5% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.6% 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+.
• 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.
• Zoned schools: Parkview Middle School (math 22% / reading 34%, grade F, #226 of 330 statewide, top 69%, 713 students, 63% FRL); Jeffersonville High School (math 17% / reading 52%, grade F, #270 of 369 statewide, top 77%, 2,130 students, 58% FRL).
• Market conditions: Rents flat; 433 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 911 units permitted in Clark County in 2024 (133 in 5+ unit buildings).
• This rent runs 35% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

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 $204,315 (14.5% 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. 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?
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: 0.85% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.20%
• DSCR: 1.05
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $305,100
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
612 Huston Dr	0.09mi	4/2.0	2,189 (-3%)	13mo	$274,900	$126	80
811 Lilly Ln	0.25mi	4/2.0	2,195 (-3%)	4mo	$253,500	$115	80
717 Plaza Dr	0.65mi	4/2.0	2,268 (+0%)	2mo	$269,900	$119	67
405 Kewanna Dr	0.63mi	4/2.0	2,092 (-7%)	0mo	$305,000	$146	58
249 Bartholomew Blvd	0.37mi	3/2.0 (-1)	1,999 (-12%)	2mo	$350,000	$175	57
1917 Utica Pike	0.56mi	3/2.0 (-1)	2,417 (+7%)	2mo	$350,500	$145	56
208 Mockingbird Dr	0.52mi	4/2.0	1,961 (-13%)	2mo	$283,500	$145	52
403 Merryman Dr	0.58mi	3/2.0 (-1)	2,097 (-7%)	12mo	$272,000	$130	46
611 Kewanna Dr	0.54mi	4/2.0	1,925 (-15%)	7mo	$259,900	$135	45
413 Rose Ct	0.66mi	4/2.5	2,544 (+13%)	4mo	$357,000	$140	43
407 Chippewa Dr	0.67mi	3/1.0 (-1)	1,972 (-13%)	7mo	$205,000	$104	32
1029 Avondale Ct	0.73mi	3/2.0 (-1)	1,924 (-15%)	10mo	$220,000	$114	28

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: -17.0%
• Equity multiple: 0.41×
• Total profit: $-39,358
• Equity at exit: $35,636

10-year hold

• IRR: -13.8%
• Equity multiple: 0.28×
• Total profit: $-47,910
• Equity at exit: $20,664

Cash invested: $66,920 (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: 433
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,043 high
• Mortgage (P&I): −$1,253
• Tax from tax record: −$194 /mo · $2,331/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $67

Break-even live

Break-even rent $1,958

Max offer price $239,000

Occupancy floor 92%

Sensitivity live

Price	-10% $202	-5% $135	+0% $67	+5% $-1	+10% $-68
Rent	-10% $-94	-5% $-14	+0% $67	+5% $148	+10% $228
Rate	-1.0pp $187	-0.5pp $128	base $67	+0.5pp $5	+1.0pp $-58

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2099 Paddle Wheel Dr Jeffersonville, IN	3.0	2.5	1616	$2,155	$1.33	13d	1	1.09mi
2100 Steamboat Way Jeffersonville, IN	3.0	2.5	1616	$1,990	$1.23	5d	1	1.10mi
2098 Steamboat Way Jeffersonville, IN	3.0	2.5	1616	$2,010	$1.24	22d	1	1.10mi
2088 Steamboat Way Jeffersonville, IN	3.0	2.5	1616	$2,060	$1.27	25d	1	1.12mi
2072 Sarah Dr Jeffersonville, IN	3.0	2.5	1616	$2,005	$1.24	25d	1	1.15mi
2063 Paddle Wheel Dr Jeffersonville, IN	3.0	2.5	1616	$2,020	$1.25	5d	1	1.17mi
2051 Paddle Wheel Dr Jeffersonville, IN	3.0	2.5	1616	$1,985	$1.23	21d	1	1.19mi
2058 N Sarah Dr Jeffersonville, IN	3.0	2.5	1616	$2,015	$1.25	5d	1	1.19mi
2063 N Sarah Dr Jeffersonville, IN	3.0	2.5	1616	$2,090	$1.29	4d	1	1.20mi

Listing history 8 events

1. 2026-06-21
   days on market $239,000 Active 9 DOM
2. 2026-06-19
   price $239,000 Active 6 DOM
3. 2026-06-18
   days on market $249,000 Active 6 DOM
4. 2026-06-17
   days on market $249,000 Active 5 DOM
5. 2026-06-16
   days on market $249,000 Active 4 DOM
6. 2026-06-15
   days on market $249,000 Active 3 DOM
7. 2026-06-13
   remarks 699-char remark
8. 2026-06-13
   listed $249,000 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: $2,331 · $194/mo
• Projected year-2 tax: $2,331 · $194/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 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: $24,518
• − Mortgage interest: −$13,388
• − Property taxes: −$2,331
• − Insurance: −$1,195
• − Repairs & maintenance: −$1,961
• − Management: −$1,961
• − Depreciation: −$6,953
• Taxable loss: −$3,271
• Est. tax savings @ 24.0%: +$785
• After-tax cash flow: $1,588/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

1 event — show timeline

• 2026-06-12 Listed $249,000 SIRA

Property tax history

+6.6%/yr

Latest (2024): $2,331 · +12.9% YoY. Source: county tax records.