14380 W Walnut St · Deputy, IN 47230

$64,900

3 bd · 1.0 ba · 728 sqft · SingleFamily public records · 30 Days on market

Built 1900 0.39 ac lot $89/sqft · 41% below area

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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
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Appreciation +9.3/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.2/5.0

Listing remarks MLS

Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

Key facts

• 0.39 acre lot
• Built 1900
• Listed 30 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $267 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($937 rent vs $65k).
• Recommended offer: $64k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 45/100 on livability (#664 in IN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools D+, health & safety D, amenities F.
• Madison Consolidated Schools (town): math 40% / reading 47% proficiency, ranked #114 of 301 in IN (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 10 active listings in the ZIP; 94 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($449 loan paydown + $6k appreciation (8.6% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (8.6% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago; this cycle's ask has dropped $7k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $46k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $63,926 (1.5% below list)

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: 11.23%
• Cash-on-cash: 17.63%
• DSCR: 1.78
• GRM: 5.8

CMA / ARV

• ARV (median comp): $156,224
• List price: $64,900
• Delta: -58.46%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Projected returns pro-forma

8.6% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 34.9%
• Equity multiple: 3.55×
• Total profit: $46,275
• Equity at exit: $51,975

10-year hold

• IRR: 30.8%
• Equity multiple: 7.71×
• Total profit: $121,885
• Equity at exit: $105,824

Cash invested: $18,172 (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 47230

• Home prices YoY: 3.2%
• Active inventory: 10
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $937 medium
• Mortgage (P&I): −$340
• Tax from tax record: −$106 /mo · $1,273/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$197
• Net cashflow: $267

Break-even live

Break-even rent $599

Max offer price $64,900

Occupancy floor 67%

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-07
   status Pending 198-char remark

   Show marketing remark (198 chars)

   Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

2. 2026-04-17
   status Active 198-char remark

   Show marketing remark (198 chars)

   Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

3. 2026-04-11
   status Pending 198-char remark

   Show marketing remark (198 chars)

   Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

4. 2026-04-10
   price $64,900 198-char remark

   Show marketing remark (198 chars)

   Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

5. 2026-04-01
   listed $71,900 Active 198-char remark

   Show marketing remark (198 chars)

   Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

6. 2013-11-25
   soldstatus $45,500
7. 2013-11-22
   soldstatus $45,500 614-char remark

   Show marketing remark (614 chars)

   Setting on almost a half acre, is a charming 1-2 bedroom home waiting for you! A full walkout basement opens up to a nice size back yard. This home features a lot of new features. Newer metal roof! New siding! New windows! New furnace! Newer cabinets! A newly constructed huge upstairs bedroom/bonus room has new carpets and may easily be made a conforming bedroom by adding a closet. A large well crafted covered front porch compliments the front of this home. Or, sit in the sun on the second deck adjacent to the kitchen; perfect for a grilling. All this home needs is your decor! Sq ft & rm sz approx.

8. 2013-10-01
   listed $49,500 614-char remark

   Show marketing remark (614 chars)

   Setting on almost a half acre, is a charming 1-2 bedroom home waiting for you! A full walkout basement opens up to a nice size back yard. This home features a lot of new features. Newer metal roof! New siding! New windows! New furnace! Newer cabinets! A newly constructed huge upstairs bedroom/bonus room has new carpets and may easily be made a conforming bedroom by adding a closet. A large well crafted covered front porch compliments the front of this home. Or, sit in the sun on the second deck adjacent to the kitchen; perfect for a grilling. All this home needs is your decor! Sq ft & rm sz approx.

ⓘ 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: $1,273 · $106/mo
• Projected year-2 tax: $1,273 · $106/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 4/10 Moderate 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,247
• − Mortgage interest: −$3,635
• − Property taxes: −$1,273
• − Insurance: −$324
• − Repairs & maintenance: −$900
• − Management: −$900
• − Depreciation: −$1,888
• Taxable income: $2,326
• Est. tax owed @ 24.0%: −$558
• After-tax cash flow: $2,645/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: Madison Consolidated Schools
• NCES district ID: 1806120
• Math proficiency: 40% ▲ 2.00%
• Reading proficiency: 47% ▼ -3.00%
• Median HH income: $44,019
• Composite: 36.8/100
• National rank: #4567
• State rank: #114 of 301 in IN

Livability — Deputy

• Score: 45/100
• State rank: #664
• US rank: #26606

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Deputy, IN
• Population (ZIP): 1,832

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 32,775 people
• By 2030: 32,784 · +0.0%
• By 2040: 32,420 · -1.1%
• By 2050: 31,486 · -3.9%
• By 2075: 29,089 · -11.2%
• By 2100: 25,279 · -22.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99% Two or more races 1%
• Common ancestry: Slovak 6% Italian 1% Romanian 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Russian/Polish/Slavic 1%

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+36.1) · D 31.0% · R 67.1% · Other 1.9%
• 2008→2024 swing: -30.2pp toward R · 2008: -5.9pp · 2024: -36.1pp
• All cycles: 2024: R+36.1 2020: R+33.6 2016: R+31.3 2012: R+10.4 2008: R+5.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.60%
• Current HPI: 275.3672
• 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

+31.1% since first listed

8 events — show timeline

• 2026-05-07 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-04-17 Relisted — NIRA MLS as Distributed by MLS Grid
• 2026-04-11 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-04-10 Price Changed $64,900 NIRA MLS as Distributed by MLS Grid
• 2026-04-01 Listed $71,900 NIRA MLS as Distributed by MLS Grid
• 2013-11-25 Sold (Public Records) $45,500 Public Records
• 2013-11-22 Sold (MLS) $45,500 SIRA
• 2013-10-01 Listed $49,500 SIRA

Property tax history

+3.4%/yr

Latest (2024): $1,273 · +8.1% YoY. Source: county tax records.