1101 N Huntington St · Syracuse, IN 46567

$159,900

3 bd · 1.0 ba · 1,371 sqft · SingleFamily public records · 20 Days on market

Built 1960 1.09 ac lot Est $207k · 23% under

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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 +15.0/30.0
• ARV discount +15.0/15.0
• DSCR +4.6/10.0
• Livability +3.9/5.0
• 1% rule +3.1/10.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

In Town Syracuse On Over an Acre , This 1 1/2 Story Home Has 3 Bedrooms , Large Full Bath With Jetted Tub , Eat in Kitchen/Dining Room with Appliances , Enclosed Wrap a Round Porch , Oversized Detached Garage and Utility Shed , Dog Kennel , TLC needed property is Sold As Is .

Key facts

• Golf courses
• Dedicated dog kennel
• Lakeside park

Tags

• DETACHED 2-CAR GARAGE
• ADDITIONAL STORAGE SHED
• DEDICATED DOG KENNEL
• LAKE WAWASEE
• LAKESIDE PARK
• GOLF COURSES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $49 ($588/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 $130k (18.8% below list).
• Recommended offer: $130k (18.8% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 1.1% in Syracuse — 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 78/100 on livability (#32 in IN, #2,516 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A; Watch: employment D, commute F.
• Wawasee Community School Corporation (town): math 32% / reading 39% proficiency, ranked #179 of 301 in IN (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Syracuse Elementary School (math 49% / reading 38%, grade F, #411 of 994 statewide, top 42%, 533 students, 52% FRL); Wawasee Middle School (math 24% / reading 34%, grade F, #222 of 330 statewide, top 67%, 507 students, 50% FRL); Wawasee High School (math 27% / reading 56%, grade F, #211 of 369 statewide, top 58%, 909 students, 44% FRL).
• Market conditions: 86 active listings in the ZIP; 261 units permitted in Kosciusko County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Kosciusko County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 2 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 $113k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $129,856 (18.8% below list)

Questions for the listing agent

1. Built in 1960 — 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. 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: 0.81% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.31%
• DSCR: 1.06
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $207,021
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
603 N Harrison St	0.48mi	2/1.0 (-1)	1,416 (+3%)	1mo	$195,500	$138	66
200 W Washington St	0.31mi	3/2.0	1,492 (+9%)	0mo	$187,000	$125	66
205 W Washington St	0.33mi	3/2.0	1,474 (+8%)	5mo	$250,000	$170	64
608 W Polywood Way	0.53mi	3/1.5	1,410 (+3%)	11mo	$190,000	$135	59
612 E Northshore Dr	0.51mi	3/2.0	1,421 (+4%)	20mo	$268,000	$189	50
1100 N Long Dr	0.40mi	3/1.0	1,488 (+8%)	24mo	$230,000	$155	47
708 E Rose Ln	0.57mi	3/2.0	1,460 (+6%)	16mo	$260,000	$178	46
211 W Boston St	0.72mi	2/1.0 (-1)	1,492 (+9%)	2mo	$225,000	$151	45
409 W Boston St	0.67mi	4/1.0 (+1)	1,468 (+7%)	15mo	$195,850	$133	40
104 E Henry St	0.61mi	3/2.0	1,546 (+13%)	22mo	$222,000	$144	28

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: -14.3%
• Equity multiple: 0.49×
• Total profit: $-22,848
• Equity at exit: $23,842

10-year hold

• IRR: -5.6%
• Equity multiple: 0.64×
• Total profit: $-16,116
• Equity at exit: $13,825

Cash invested: $44,772 (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 46567

• Home prices YoY: -21.4%
• Active inventory: 86
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,299 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$72 /mo · $860/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $49

Break-even live

Break-even rent $1,237

Max offer price $159,900

Occupancy floor 91%

Sensitivity live

Price	-10% $140	-5% $94	+0% $49	+5% $4	+10% $-41
Rent	-10% $-54	-5% $-2	+0% $49	+5% $100	+10% $152
Rate	-1.0pp $130	-0.5pp $90	base $49	+0.5pp $8	+1.0pp $-35

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-04-18
   status Pending
2. 2026-03-27
   listed $159,900 Active
3. 2022-09-09
   soldstatus $113,000 Closed 277-char remark

   Show marketing remark (277 chars)

   In Town Syracuse On Over an Acre , This 1 1/2 Story Home Has 3 Bedrooms , Large Full Bath With Jetted Tub , Eat in Kitchen/Dining Room with Appliances , Enclosed Wrap a Round Porch , Oversized Detached Garage and Utility Shed , Dog Kennel , TLC needed property is Sold As Is .

4. 2022-08-03
   historical Active Under Contract 277-char remark

   Show marketing remark (277 chars)

   In Town Syracuse On Over an Acre , This 1 1/2 Story Home Has 3 Bedrooms , Large Full Bath With Jetted Tub , Eat in Kitchen/Dining Room with Appliances , Enclosed Wrap a Round Porch , Oversized Detached Garage and Utility Shed , Dog Kennel , TLC needed property is Sold As Is .

5. 2022-07-27
   listed $109,900 Active 277-char remark

   Show marketing remark (277 chars)

   In Town Syracuse On Over an Acre , This 1 1/2 Story Home Has 3 Bedrooms , Large Full Bath With Jetted Tub , Eat in Kitchen/Dining Room with Appliances , Enclosed Wrap a Round Porch , Oversized Detached Garage and Utility Shed , Dog Kennel , TLC needed property is Sold As Is .

ⓘ 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: $860 · $72/mo
• Projected year-2 tax: $1,110 · $92/mo
• Expected delta: +$249/yr (+$21/mo · 29.0%)

ⓘ 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 ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,583
• − Mortgage interest: −$8,957
• − Property taxes: −$860
• − Insurance: −$800
• − Repairs & maintenance: −$1,247
• − Management: −$1,247
• − Depreciation: −$4,652
• Taxable loss: −$2,179
• Est. tax savings @ 24.0%: +$523
• After-tax cash flow: $1,111/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: Wawasee Community School Corporation
• NCES district ID: 1805550
• Math proficiency: 32% ▼ -7.00%
• Reading proficiency: 39% ▼ -7.00%
• Median HH income: $52,439
• Composite: 30.97/100
• National rank: #6100
• State rank: #179 of 301 in IN

Livability — Syracuse

• Score: 78/100
• State rank: #32
• US rank: #2516

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Syracuse, IN
• Population (ZIP): 9,371

Population outlook (Kosciusko County) Hauer SSP2

• Today (2025): 81,747 people
• By 2030: 82,878 · +1.4%
• By 2040: 84,270 · +3.1%
• By 2050: 84,191 · +3.0%
• By 2075: 82,918 · +1.4%
• By 2100: 74,808 · -8.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Lithuanian 3% Romanian 2% Iranian 1%
• Foreign-born: 1%
• Languages at home: 95% English-only · German/W. Germanic 4% Spanish 1%

Political lean MEDSL · Kosciusko

• 2024 margin: Solid R (+52.3) · D 22.9% · R 75.2% · Other 1.9%
• 2008→2024 swing: -14.9pp toward R · 2008: -37.3pp · 2024: -52.3pp
• All cycles: 2024: R+52.3 2020: R+50.7 2016: R+55.1 2012: R+52.2 2008: R+37.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -75.32%
• Current HPI: 276.7243
• 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

+45.5% since first listed

5 events — show timeline

• 2026-04-18 Pending — IRMLS
• 2026-03-27 Listed $159,900 IRMLS
• 2022-09-09 Sold (MLS) $113,000 IRMLS
• 2022-08-03 Contingent — IRMLS
• 2022-07-27 Listed $109,900 IRMLS

Property tax history

+11.4%/yr

Latest (2024): $860 · +12.0% YoY. Source: county tax records.