105 E Arlington Ave · North Judson, IN 46366

$59,800

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 3 Days on market

Built 1900 8,712 sqft lot Est $78k · 23% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable opportunities like this don't come around often! Take a look at this North Judson property that's ready for its next chapter. With some TLC, this home could be restored to its former charm and make a wonderful place to call home or a great investment opportunity. Offering 2 bedrooms, 1 bathroom, and located on nearly a quarter acre lot, this property provides comfort, convenience, and value. Inside, you'll find a spacious living room with hardwood flooring and plenty of natural light. The kitchen features higher ceilings and a skylight, creating a bright and open feel. Both bedrooms offer comfortable living space, and the main-floor utility/laundry room adds everyday convenience. Recent updates include a new water heater, providing added peace of mind for the next owner. Outside, a covered front porch adds to the home's charm and provides a comfortable place to sit and unwind. You'll also find a generously sized backyard with plenty of room for outdoor activities, gardening, or future improvements. Whether you're a first-time homebuyer, investor, or someone looking for a property with potential, this North Judson home is worth a look!

Key facts

• Hardwood flooring
• Higher ceilings
• Covered front porch

Tags

• HARDWOOD FLOORING
• HIGHER CEILINGS
• SKYLIGHT
• NEW WATER HEATER
• COVERED FRONT PORCH
• GENEROUSLY SIZED BACKYARD

Property features AI

Finance

• Other: Property listed as fixer condition

Exterior

• Parking: Driveway
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer
• Home design: One-story home; Built in 1900
• Construction: Vinyl siding; Asphalt roof; Originally built in 1900
• Exterior features: Private yard; Covered front porch; City views

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Primary bedroom; Second bedroom
• Flooring: Hardwood flooring; Other flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Some built-in or miscellaneous features (other)
• Laundry & utility: Main level laundry with electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($862 rent vs $60k).
• Cap rate 11.4% vs local median 3.7% in North Judson — 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 63/100 on livability (#423 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, schools D-, amenities F.
• North Judson-San Pierre School Corporation (rural): math 30% / reading 35% proficiency, ranked #218 of 301 in IN (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 38 active listings in the ZIP; 58 units permitted in Starke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $413 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Starke County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 17y 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 $29k; list at $60k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $59,800

Questions for the listing agent

1. Built in 1900 — 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 D-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. 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: 1.44% ✓
• Cap rate: 11.36%
• Cash-on-cash: 18.11%
• DSCR: 1.81
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $77,760
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 Lincoln Ave	0.04mi	2/1.0	895 (+4%)	9mo	$80,400	$90	85
52 E Lincoln Ave	0.12mi	3/1.0 (+1)	864 (0%)	13mo	$110,000	$127	79
419 Main St	0.35mi	2/1.0	840 (-3%)	3mo	$37,000	$44	76
401 Keller Ave	0.34mi	3/1.0 (+1)	964 (+12%)	9mo	$39,000	$40	53
203 Silver St	0.49mi	2/1.0	784 (-9%)	11mo	$64,900	$83	52
306 S Schricker Ave	0.64mi	2/1.0	792 (-8%)	13mo	$159,900	$202	46

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: 9.7%
• Equity multiple: 1.38×
• Total profit: $6,426
• Equity at exit: $8,916

10-year hold

• IRR: 18.9%
• Equity multiple: 2.58×
• Total profit: $26,409
• Equity at exit: $5,170

Cash invested: $16,744 (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 46366

• Home prices YoY: -12.7%
• Active inventory: 38
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $862 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$90 /mo · $1,074/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$181
• Net cashflow: $253

Break-even live

Break-even rent $542

Max offer price $59,800

Occupancy floor 66%

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: $14,950
• Closing costs: $1,794
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-18
   days on market $59,800 Active 3 DOM
2. 2026-06-17
   days on market $59,800 Active 2 DOM
3. 2026-06-16
   remarks 699-char remark
4. 2026-06-16
   listed $59,800 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: $1,074 · $90/mo
• Projected year-2 tax: $1,074 · $90/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 ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,340
• − Mortgage interest: −$3,350
• − Property taxes: −$1,074
• − Insurance: −$299
• − Repairs & maintenance: −$827
• − Management: −$827
• − Depreciation: −$1,740
• Taxable income: $2,223
• Est. tax owed @ 24.0%: −$534
• After-tax cash flow: $2,499/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: North Judson-San Pierre School Corporation
• NCES district ID: 1807800
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 35% ▲ 3.00%
• Median HH income: $42,731
• Composite: 27.57/100
• National rank: #6940
• State rank: #218 of 301 in IN

Livability — North Judson

• Score: 63/100
• State rank: #423
• US rank: #15224

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Judson, IN
• City population: 5,672
• Population (ZIP): 5,672

Population outlook (Starke County) Hauer SSP2

• Today (2025): 21,860 people
• By 2030: 21,024 · -3.8%
• By 2040: 19,041 · -12.9%
• By 2050: 16,881 · -22.8%
• By 2075: 11,880 · -45.7%
• By 2100: 7,217 · -67.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 5% Two or more races 3% Asian 1%
• Common ancestry: Romanian 5% Iranian 3% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Starke

• 2024 margin: Solid R (+52.0) · D 23.2% · R 75.3% · Other 1.5%
• 2008→2024 swing: -55.3pp toward R · 2008: 3.2pp · 2024: -52.0pp
• All cycles: 2024: R+52.0 2020: R+46.8 2016: R+42.0 2012: R+10.6 2008: D+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.58%
• Current HPI: 224.7809
• 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

+49.9% since first listed

7 events — show timeline

• 2026-06-15 Listed $59,800 IRMLS
• 2026-06-15 Listed $59,800 NIRA MLS as Distributed by MLS Grid
• 2009-07-27 Sold (Public Records) $29,000 Public Records
• 2009-07-27 Sold (MLS) $29,000 NIRA MLS as Distributed by MLS Grid
• 2009-07-27 Sold (MLS) $29,000 NIRA MLS as Distributed by MLS Grid
• 2009-03-26 Listed $39,900 NIRA MLS as Distributed by MLS Grid
• 2009-03-26 Listed $39,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+2.5%/yr

Latest (2024): $1,074 · +3.7% YoY. Source: county tax records.