306 Linden · Dana, IN 47847

$79,900

2 bd · 1.0 ba · 1,216 sqft · SingleFamily public records · 12 Days on market

Built 1917 0.45 ac lot Est $67k · 19% over

---

Why this score? — see what drove the B- 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Appreciation +6.8/10.0
• Schools +3.1/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Clean & Tidy! This 2-bed, 1-bath home is situated on an extra-large corner lot. There is so much to the exterior of this home! The 3-lot parcel is completely fenced and comes with a 2-car detached garage PLUS 3 sheds. One shed is converted into a playhouse. A swing would be the perfect addition to the covered porch. Step into the open concept living and dining rooms featuring hardwood under the rolled vinyl. The dining room has built-in storage shelves to display your decor. The kitchen has a small dining nook and is steps away from the laundry room. There is a bonus room in the attic previously used as a 3rd bedroom. The roof, water heater, washer & dryer are all less than 4 years old.

Key facts

• Completely fenced
• 3-lot parcel
• Built-in shelves

Tags

• EXTRA-LARGE CORNER LOT
• 3-LOT PARCEL
• COMPLETELY FENCED
• 2-CAR DETACHED GARAGE
• 3 SHEDS
• BUILT-IN SHELVES

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Municipal sewer connected; No solid waste service listed
• Home design: Single family residence; One-story; Residential property
• Construction: Stucco exterior; Crawl space/partial foundation
• Exterior features: Covered porch/patio; Mini barn; Chain link fence; Fully fenced yard; Corner city lot (approximately 0.45 acres)

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Natural gas heating; Hot water heating; Radiant heating; Window air conditioning units
• Interior features: Built-in features; Partial finished basement; Basement present (partial)
• Laundry & utility: Main level laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $317 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).

Location & tenants

• Location reads 55/100 on livability (#626 in IN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: crime D, amenities F, commute F.
• South Vermillion Community School Corporation (rural): math 31% / reading 42% proficiency, ranked #182 of 301 in IN (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ernie Pyle Elementary School (math 47% / reading 47%, grade D-, #325 of 994 statewide, top 36%, 224 students, 67% FRL); South Vermillion High School (math 27% / reading 62%, grade F, #169 of 369 statewide, top 51%, 478 students, 54% FRL) — zoned schools average 61% FRL vs 45% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 8 active listings in the ZIP; 28 units permitted in Vermillion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($552 loan paydown + $3k appreciation (3.7% local appreciation)).
• Vermillion County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.7% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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 $61k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1917 — 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. 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?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. 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: 1.29% ✓
• Cap rate: 11.06%
• Cash-on-cash: 17.03%
• DSCR: 1.76
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $66,880
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
140 N Sycamore St	0.27mi	2/1.0	1,246 (+2%)	8mo	$68,750	$55	76
415 N Birch St	0.17mi	2/1.0	1,212 (-0%)	24mo	$82,000	$68	72
223 Sycamore St	0.26mi	2/1.0	1,348 (+11%)	19mo	$64,900	$48	54

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

Projected returns pro-forma

3.66% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.9%
• Equity multiple: 2.46×
• Total profit: $32,648
• Equity at exit: $38,928

10-year hold

• IRR: 25.1%
• Equity multiple: 4.78×
• Total profit: $84,476
• Equity at exit: $62,438

Cash invested: $22,372 (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 47847

• Home prices YoY: 1.7%
• Active inventory: 8
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,031 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$45 /mo · $536/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $317

Break-even live

Break-even rent $629

Max offer price $79,900

Occupancy floor 64%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-19
   status Pending
2. 2026-05-06
   listed $79,900 Active
3. 2022-07-27
   soldstatus $61,000 Closed 703-char remark

   Show marketing remark (703 chars)

   Clean & Tidy! This 2-bed, 1-bath home is situated on an extra-large corner lot. There is so much to the exterior of this home! The 3-lot parcel is completely fenced and comes with a 2-car detached garage PLUS 3 sheds. One shed is converted into a playhouse. A swing would be the perfect addition to the covered porch. Step into the open concept living and dining rooms featuring hardwood under the rolled vinyl. The dining room has built-in storage shelves to display your decor. The kitchen has a small dining nook and is steps away from the laundry room. There is a bonus room in the attic previously used as a 3rd bedroom. The roof, water heater, washer & dryer are all less than 4 years old.

4. 2022-06-24
   status Pending

   Show marketing remark (703 chars)

   Clean & Tidy! This 2-bed, 1-bath home is situated on an extra-large corner lot. There is so much to the exterior of this home! The 3-lot parcel is completely fenced and comes with a 2-car detached garage PLUS 3 sheds. One shed is converted into a playhouse. A swing would be the perfect addition to the covered porch. Step into the open concept living and dining rooms featuring hardwood under the rolled vinyl. The dining room has built-in storage shelves to display your decor. The kitchen has a small dining nook and is steps away from the laundry room. There is a bonus room in the attic previously used as a 3rd bedroom. The roof, water heater, washer & dryer are all less than 4 years old.

5. 2022-06-24
   status Pending 703-char remark

   Show marketing remark (703 chars)

   Clean & Tidy! This 2-bed, 1-bath home is situated on an extra-large corner lot. There is so much to the exterior of this home! The 3-lot parcel is completely fenced and comes with a 2-car detached garage PLUS 3 sheds. One shed is converted into a playhouse. A swing would be the perfect addition to the covered porch. Step into the open concept living and dining rooms featuring hardwood under the rolled vinyl. The dining room has built-in storage shelves to display your decor. The kitchen has a small dining nook and is steps away from the laundry room. There is a bonus room in the attic previously used as a 3rd bedroom. The roof, water heater, washer & dryer are all less than 4 years old.

6. 2022-06-17
   listed $64,900 Active

   Show marketing remark (703 chars)

   Clean & Tidy! This 2-bed, 1-bath home is situated on an extra-large corner lot. There is so much to the exterior of this home! The 3-lot parcel is completely fenced and comes with a 2-car detached garage PLUS 3 sheds. One shed is converted into a playhouse. A swing would be the perfect addition to the covered porch. Step into the open concept living and dining rooms featuring hardwood under the rolled vinyl. The dining room has built-in storage shelves to display your decor. The kitchen has a small dining nook and is steps away from the laundry room. There is a bonus room in the attic previously used as a 3rd bedroom. The roof, water heater, washer & dryer are all less than 4 years old.

7. 2022-06-17
   listed $64,900 Active 703-char remark

   Show marketing remark (703 chars)

   Clean & Tidy! This 2-bed, 1-bath home is situated on an extra-large corner lot. There is so much to the exterior of this home! The 3-lot parcel is completely fenced and comes with a 2-car detached garage PLUS 3 sheds. One shed is converted into a playhouse. A swing would be the perfect addition to the covered porch. Step into the open concept living and dining rooms featuring hardwood under the rolled vinyl. The dining room has built-in storage shelves to display your decor. The kitchen has a small dining nook and is steps away from the laundry room. There is a bonus room in the attic previously used as a 3rd bedroom. The roof, water heater, washer & dryer are all less than 4 years old.

ⓘ 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: $536 · $45/mo
• Projected year-2 tax: $607 · $51/mo
• Expected delta: +$72/yr (+$6/mo · 13.4%)

ⓘ 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 4/10 Moderate 7 d/yr ≥105°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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,371
• − Mortgage interest: −$4,476
• − Property taxes: −$536
• − Insurance: −$400
• − Repairs & maintenance: −$990
• − Management: −$990
• − Depreciation: −$2,324
• Taxable income: $2,656
• Est. tax owed @ 24.0%: −$637
• After-tax cash flow: $3,172/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 Vermillion Community School Corporation
• NCES district ID: 1810590
• Math proficiency: 31% ▼ -6.00%
• Reading proficiency: 42% ▬ 0.00%
• Median HH income: $42,809
• Composite: 30.87/100
• National rank: #6123
• State rank: #182 of 301 in IN

Livability — Dana

• Score: 55/100
• State rank: #626
• US rank: #23211

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dana, IN
• Population (ZIP): 869

Population outlook (Vermillion County) Hauer SSP2

• Today (2025): 14,605 people
• By 2030: 13,942 · -4.5%
• By 2040: 12,592 · -13.8%
• By 2050: 11,381 · -22.1%
• By 2075: 9,063 · -37.9%
• By 2100: 7,098 · -51.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 4%
• Common ancestry: Slovak 3% Lithuanian 3% Romanian 3%

Political lean MEDSL · Vermillion

• 2024 margin: Solid R (+44.7) · D 26.6% · R 71.3% · Other 2.1%
• 2008→2024 swing: -58.7pp toward R · 2008: 13.9pp · 2024: -44.7pp
• All cycles: 2024: R+44.7 2020: R+40.6 2016: R+35.1 2012: R+6.8 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.66%
• Current HPI: 221.4088
• 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

+23.1% since first listed

7 events — show timeline

• 2026-05-19 Pending — MIBOR as Distributed by MLS Grid
• 2026-05-06 Listed $79,900 MIBOR as Distributed by MLS Grid
• 2022-07-27 Sold (MLS) $61,000 MIBOR as Distributed by MLS Grid
• 2022-06-24 Pending — THAAR
• 2022-06-24 Pending — MIBOR as Distributed by MLS Grid
• 2022-06-17 Listed $64,900 THAAR
• 2022-06-17 Listed $64,900 MIBOR as Distributed by MLS Grid

Property tax history

+7.9%/yr

Latest (2024): $536 · +1.1% YoY. Source: county tax records.