1689 Maplewood Ln · Pendleton, IN 46064

$369,000

5 bd · 2.5 ba · 2,974 sqft · SingleFamily public records · 34 Days on market

Built 2016 9,148 sqft lot Est $431k · 14% under $20/mo HOA · 1% of rent ↓ 5% since listing

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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).

• ARV discount +14.0/15.0
• Cash flow +13.7/30.0
• DSCR +4.2/10.0
• Schools +4.2/10.0
• Livability +3.7/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this exceptionally well-maintained 5-bedroom residence in the desirable Maplewood at Huntzinger Farm community. Situated on a spacious, fully fenced lot, this property offers a private backyard retreat complete with a beautiful outdoor oasis. The heart of the home is the open-concept kitchen with tons of storage and counter space, featuring quartz countertops, stainless steel appliances, and a large eat-in island-perfect for both everyday living and entertaining. The kitchen flows seamlessly into the oversized living room, creating an inviting space for gatherings of any size. A formal dining room adds even more flexibility, ideal for hosting dinner parties or enjoying famil

Key facts

• Quartz countertops
• Large eat-in island
• Open-concept kitchen

Tags

• PRIVATE BACKYARD RETREAT
• OUTDOOR OASIS
• OPEN-CONCEPT KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• LARGE EAT-IN ISLAND

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $237

Exterior

• Parking: Attached garage (2-car)
• Utilities: Public water; Municipal sewer connected; No solid waste service listed
• Home design: Single family residence; Two levels
• Construction: Vinyl with brick exterior; Slab foundation
• Exterior features: Lot under 1/4 acre

Interior

• Kitchen: Dishwasher; Gas oven; Refrigerator
• Bedrooms: Five bedrooms total (one on the main level, four on the upper level)
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Water softener (owned); Garbage disposal; Microhood
• Laundry & utility: Laundry room (upper level); Gas water heater

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $369k.

Deal economics

• At list price, monthly cash flow is $30 ($355/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 $305k (17.3% below list).
• Recommended offer: $305k (17.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.3% in Pendleton — 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 73/100 on livability (#86 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• South Madison Community School Corporation (rural): math 44% / reading 52% proficiency, ranked #60 of 301 in IN (top 20%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Pendleton Elementary School (math 54% / reading 49%, grade C-, #256 of 994 statewide, top 26%, 840 students, 36% FRL); Pendleton Heights Middle School (math 37% / reading 48%, grade D-, #98 of 330 statewide, top 30%, 721 students, 36% FRL); Pendleton Heights High School (math 36% / reading 77%, grade C, #70 of 369 statewide, top 19%, 1,357 students, 31% FRL).
• Market conditions: 237 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 184 units permitted in Madison County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Madison County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($358k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $305,000 (17.3% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.83% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.34%
• DSCR: 1.02
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $431,230
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
251 Winding Brook Way	0.12mi	4/3.0 (-1)	2,961 (-0%)	8mo	$386,995	$131	80
276 Winding Brook Way	0.31mi	5/2.5	2,999 (+1%)	10mo	$402,567	$134	76
2018 Cold Springs Dr	0.03mi	4/2.5 (-1)	2,885 (-3%)	20mo	$370,000	$128	72
2081 Maplewood Ln	0.08mi	4/3.5 (-1)	3,198 (+8%)	18mo	$385,000	$120	60
1932 Pebble Beach Dr	0.39mi	4/2.5 (-1)	2,740 (-8%)	6mo	$464,667	$170	59
1510 Pebble Beach Dr	0.45mi	4/2.5 (-1)	2,723 (-8%)	4mo	$416,712	$153	57
1627 Pebble Beach Dr	0.39mi	4/2.5 (-1)	2,612 (-12%)	1mo	$379,510	$145	56
4161 W 900 S	0.54mi	4/2.5 (-1)	2,784 (-6%)	5mo	$525,000	$189	55
1601 Fair Weather Dr	0.24mi	4/3.5 (-1)	3,126 (+5%)	20mo	$335,000	$107	55
1672 Creek Bed Ln	0.29mi	4/2.5 (-1)	2,656 (-11%)	13mo	$360,757	$136	53
206 Winding Brook Way	0.13mi	4/2.5 (-1)	2,610 (-12%)	22mo	$380,995	$146	50
1523 Pebble Beach Dr	0.45mi	4/4.5 (-1)	2,647 (-11%)	6mo	$395,191	$149	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: -15.8%
• Equity multiple: 0.44×
• Total profit: $-57,968
• Equity at exit: $55,019

10-year hold

• IRR: -7.4%
• Equity multiple: 0.53×
• Total profit: $-48,288
• Equity at exit: $31,904

Cash invested: $103,320 (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 46064

• Active inventory: 237
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $3,050 medium
• Mortgage (P&I): −$1,935
• Tax from tax record: −$271 /mo · $3,253/yr
• Insurance: −$154
• HOA: −$20
• Vacancy / Maint / Mgmt: −$640
• Net cashflow: $30

Break-even live

Break-even rent $3,013

Max offer price $369,000

Occupancy floor 94%

Sensitivity live

Price	-10% $238	-5% $134	+0% $30	+5% $-75	+10% $-179
Rent	-10% $-211	-5% $-91	+0% $30	+5% $150	+10% $271
Rate	-1.0pp $215	-0.5pp $123	base $30	+0.5pp $-66	+1.0pp $-163

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: $92,250
• Closing costs: $11,070
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1620 Creek Bed Ln Pendleton, IN	5.0	3.0	2961	$3,050	$1.03	0d	1	0.29mi

HOA detail

• Monthly dues: $20 · $240/yr

Listing history 5 events

1. 2026-05-20
   status Pending
2. 2026-04-30
   price $369,000
3. 2026-04-14
   listed $379,000 Active
4. 2025-08-14
   historical
5. 2025-07-18
   listed $388,800 Active

ⓘ 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: $3,253 · $271/mo
• Projected year-2 tax: $3,253 · $271/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 3/10 Moderate 7 d/yr ≥100°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: $36,600
• − Mortgage interest: −$20,670
• − Property taxes: −$3,253
• − Insurance: −$1,845
• − Repairs & maintenance: −$2,928
• − Management: −$2,928
• − HOA: −$240
• − Depreciation: −$10,735
• Taxable loss: −$5,998
• Est. tax savings @ 24.0%: +$1,440
• After-tax cash flow: $1,795/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 Madison Community School Corporation
• NCES district ID: 1810440
• Math proficiency: 44% ▼ -13.00%
• Reading proficiency: 52% ▼ -6.00%
• Median HH income: $63,565
• Composite: 42.4/100
• National rank: #3231
• State rank: #60 of 301 in IN

Livability — Pendleton

• Score: 73/100
• State rank: #86
• US rank: #5014

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pendleton, IN
• City population: 17,730
• Population (ZIP): 17,730

Population outlook (Madison County) Hauer SSP2

• Today (2025): 125,800 people
• By 2030: 122,640 · -2.5%
• By 2040: 115,420 · -8.3%
• By 2050: 108,148 · -14.0%
• By 2075: 91,838 · -27.0%
• By 2100: 75,670 · -39.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 6% Black 5% Hispanic / Latino 3% Asian 1%
• Common ancestry: Slovak 3% Italian 2% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Madison

• 2024 margin: Strong R (+26.9) · D 35.6% · R 62.5% · Other 1.9%
• 2008→2024 swing: -33.5pp toward R · 2008: 6.5pp · 2024: -26.9pp
• All cycles: 2024: R+26.9 2020: R+22.6 2016: R+25.7 2012: R+4.5 2008: D+6.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -160.39%
• Current HPI: 227.4921
• 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

-5.1% since first listed

5 events — show timeline

• 2026-05-20 Pending — MIBOR as Distributed by MLS Grid
• 2026-04-30 Price Changed $369,000 MIBOR as Distributed by MLS Grid
• 2026-04-14 Listed $379,000 MIBOR as Distributed by MLS Grid
• 2025-08-14 Listing Removed — MIBOR as Distributed by MLS Grid
• 2025-07-18 Listed $388,800 MIBOR as Distributed by MLS Grid

Property tax history

+67.7%/yr

Latest (2024): $3,253 · +6.6% YoY. Source: county tax records.