317 S Market St · Rockville, IN 47872

$134,900

1 bd · 1.0 ba · 1,002 sqft · SingleFamily public records · 84 Days on market

Built 1914 6,795 sqft lot Est $108k · 25% over

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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).

• Cash flow +21.0/30.0
• DSCR +6.7/10.0
• 1% rule +5.5/10.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great starter home or rental property. Very well maintained 2 bedroom home located near the courthouse square. Several recent updates. Large covered porch, fenced backyard and attached 2 car garage. Seller will assis t buyer with closing cost.

Key facts

• Workshop space
• New gas furnace
• 6,795 sq ft lot

Tags

• LOG WOOD BURNING FIREPLACE
• CUSTOM UPDATED BATHROOM
• NEW GAS FURNACE
• REVERSE OSMOSIS SYSTEM
• OVERSIZED 2 CAR GARAGE
• WORKSHOP SPACE

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Single Family Residence; Lot size approximately 0.16 acres (<1/4 acre); Not in subdivision

Exterior

• Parking: Attached garage with garage door opener; Gravel parking; Workshop area in garage; 2 garage spaces
• Security: Smoke detector(s); Smart lock(s)
• Utilities: Public water; Municipal sewer connected; 200+ amp electric service; Cable available
• Home design: Single family residence; One level
• Construction: Aluminum siding; Block foundation
• Exterior features: Covered patio; Patio; Smart lock(s); Mature trees; Curbs; Sidewalks; Street lights; Storm sewer; Access

Interior

• Kitchen: Dishwasher; Gas oven; Microwave; Refrigerator; Disposal; Electric water heater
• Bedrooms: 2 bedrooms (both on main level); Primary bedroom with walk-in closet
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Built-in features; Walk-in closet(s); Cellar basement
• Laundry & utility: Laundry room (in-unit)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $190 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $127k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#372 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• North Central Parke Comm School Corporation (town): math 30% / reading 39% proficiency, ranked #198 of 301 in IN (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Parke Heritage High School (math 12% / reading 57%, grade F, #270 of 369 statewide, top 77%, 341 students, 57% FRL).
• Market conditions: 84 active listings in the ZIP; 61 units permitted in Parke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Parke County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 22y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $135k implies a 238% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,806 (6.0% below list)

Questions for the listing agent

1. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.05% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.03%
• DSCR: 1.27
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $108,216
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
406 Jackson St	0.43mi	2/1.0 (+1)	1,000 (-0%)	11mo	$175,000	$175	66
807 Buena Vis	0.58mi	2/1.0 (+1)	938 (-6%)	0mo	$71,900	$77	57
401 Jackson St	0.41mi	2/1.0 (+1)	1,020 (+2%)	21mo	$104,500	$102	56
603 Tulip Ln	0.51mi	2/1.0 (+1)	960 (-4%)	14mo	$167,000	$174	53
707 N Erie St	0.69mi	2/1.0 (+1)	976 (-3%)	7mo	$57,500	$59	53
505 S Market St	0.09mi	2/1.0 (+1)	881 (-12%)	22mo	$40,000	$45	52
309 Voorhees St	0.45mi	2/1.0 (+1)	936 (-7%)	14mo	$135,000	$144	52
211 Olive Ct	0.54mi	2/1.5 (+1)	864 (-14%)	4mo	$208,500	$241	41
805 E High St	0.54mi	2/1.0 (+1)	923 (-8%)	19mo	$32,000	$35	41
512 Voorhees St	0.62mi	2/1.0 (+1)	930 (-7%)	24mo	$100,000	$108	34

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: -7.0%
• Equity multiple: 0.74×
• Total profit: $-9,749
• Equity at exit: $20,114

10-year hold

• IRR: 2.6%
• Equity multiple: 1.19×
• Total profit: $7,165
• Equity at exit: $11,664

Cash invested: $37,772 (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 47872

• Home prices YoY: -7.8%
• Active inventory: 84
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,420 medium
• Mortgage (P&I): −$707
• Tax est. 1.5%: −$169 /mo · $2,024/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $190

Break-even live

Break-even rent $1,180

Max offer price $134,900

Occupancy floor 82%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $134,900 Active 84 DOM
2. 2026-06-18
   days on market $134,900 Active 83 DOM
3. 2026-06-17
   days on market $134,900 Active 82 DOM
4. 2026-06-16
   days on market $134,900 Active 81 DOM
5. 2026-06-15
   days on market $134,900 Active 80 DOM
6. 2026-06-14
   days on market $134,900 Active 78 DOM
7. 2026-06-12
   days on market $134,900 Active 77 DOM
8. 2026-06-09
   days on market $134,900 Active 74 DOM
9. 2026-06-08
   days on market $134,900 Active 73 DOM
10. 2026-06-07
    days on market $134,900 Active 72 DOM
11. 2026-06-05
    days on market $134,900 Active 69 DOM
12. 2026-06-03
    days on market $134,900 Active 68 DOM
13. 2026-06-02
    days on market $134,900 Active 67 DOM
14. 2026-06-01
    days on market $134,900 Active 66 DOM
15. 2026-05-31
    days on market $134,900 Active 65 DOM
16. 2026-05-30
    days on market $134,900 Active 64 DOM
17. 2026-04-02
    price $134,900
18. 2026-03-25
    listed $145,000 Active
19. 2005-05-16
    soldstatus $39,900 246-char remark

    Show marketing remark (246 chars)

    Great starter home or rental property. Very well maintained 2 bedroom home located near the courthouse square. Several recent updates. Large covered porch, fenced backyard and attached 2 car garage. Seller will assis t buyer with closing cost.

20. 2004-11-10
    listed $39,900 246-char remark

    Show marketing remark (246 chars)

    Great starter home or rental property. Very well maintained 2 bedroom home located near the courthouse square. Several recent updates. Large covered porch, fenced backyard and attached 2 car garage. Seller will assis t buyer with closing cost.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,044
• − Mortgage interest: −$7,556
• − Property taxes: −$2,024
• − Insurance: −$674
• − Repairs & maintenance: −$1,364
• − Management: −$1,364
• − Depreciation: −$3,924
• Taxable income: $138
• Est. tax owed @ 24.0%: −$33
• After-tax cash flow: $2,245/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 Central Parke Comm School Corporation
• NCES district ID: 1800118
• Math proficiency: 30% ▼ -8.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $43,739
• Composite: 29.31/100
• National rank: #6553
• State rank: #198 of 301 in IN

Livability — Rockville

• Score: 64/100
• State rank: #372
• US rank: #13880

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockville, IN
• Population (ZIP): 8,641

Population outlook (Parke County) Hauer SSP2

• Today (2025): 15,937 people
• By 2030: 15,467 · -2.9%
• By 2040: 14,793 · -7.2%
• By 2050: 14,318 · -10.2%
• By 2075: 13,484 · -15.4%
• By 2100: 12,236 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Black 3% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Iranian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 0%
• Languages at home: 92% English-only · German/W. Germanic 5% Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Parke

• 2024 margin: Solid R (+56.9) · D 20.6% · R 77.5% · Other 1.9%
• 2008→2024 swing: -42.8pp toward R · 2008: -14.1pp · 2024: -56.9pp
• All cycles: 2024: R+56.9 2020: R+55.5 2016: R+52.0 2012: R+32.6 2008: R+14.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -19.85%
• Current HPI: 234.3039
• 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

+238.1% since first listed

4 events — show timeline

• 2026-04-02 Price Changed $134,900 MIBOR as Distributed by MLS Grid
• 2026-03-25 Listed $145,000 MIBOR as Distributed by MLS Grid
• 2005-05-16 Sold (MLS) $39,900 MIBOR as Distributed by MLS Grid
• 2004-11-10 Listed $39,900 MIBOR as Distributed by MLS Grid

Property tax history

+37.9%/yr

Latest (2024): $172 · -16.1% YoY. Source: county tax records.