3707 Tunnelton Rd · Bedford, IN 47421

$99,500

1 bd · 1.5 ba · 1,065 sqft · SingleFamily public records · 86 Days on market

Built 1965 2.01 ac lot $93/sqft · 41% below area Est $170k · 41% under

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Why this score? — see what drove the C 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 +20.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +4.8/10.0
• Livability +4.0/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious home with recent updates already in place, sitting on 2.01 acres with plenty of room to spread out while still being easy to take care of. Inside, the layout gives you multiple living areas and flexibility depending on how you want to use the space. The flooring has been updated, and the kitchen has refreshed cabinetry with appliances in place. The home includes 2 bedrooms and 1.5 bathrooms, You’ll also find the utility room and laundry area on the lower level, keeping those spaces tucked away but easily accessible. Updates like newer flooring, fresh paint, and an updated electrical panel have already been done, so it’s ready to move into while still leaving room to make it your own over time. Outside, there’s a covered carport, extra storage, and outbuildings that add useful space for tools, hobbies, or equipment. The lot gives you that open feel without a lot of upkeep. This could be a great fit for a first time buyer, someone looking to downsize, or an investor wanting something with solid potential. Located with convenient access to town and everyday amenities.

Key facts

• Utility room
• Extra storage
• Covered carport

Tags

• MULTIPLE LIVING AREAS
• REFRESHED CABINETRY
• BONUS ROOM
• UTILITY ROOM
• COVERED CARPORT
• EXTRA STORAGE

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $124 ($1k/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 $97k (2.1% below list).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 3.9% in Bedford — 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 80/100 on livability (#23 in IN, #1,958 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, commute F.
• North Lawrence Community Schools (rural): math 35% / reading 40% proficiency, ranked #170 of 301 in IN (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lincoln Elementary School (math 31% / reading 35%, grade F, #639 of 994 statewide, top 65%, 322 students, 64% FRL); Bedford Middle School (math 23% / reading 36%, grade F, #212 of 330 statewide, top 67%, 562 students, 54% FRL); Bedford-North Lawrence High School (math 38% / reading 63%, grade D+, #117 of 369 statewide, top 32%, 1,303 students, 46% FRL) — zoned schools average 55% FRL vs 40% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 160 active listings in the ZIP; 8 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).
• This rent is only 17% of the median local income ($68k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $688 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lawrence 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 86 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $35k; list at $100k implies a 184% gain — meaningful room to come down on a strong offer.

Recommended offer $93,530 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 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 1965 — 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. 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: 0.98% ✗
• Cap rate: 7.79%
• Cash-on-cash: 5.35%
• DSCR: 1.24
• GRM: 8.5

CMA / ARV

• ARV (median comp): $170,000
• List price: $99,500
• Delta: -41.47%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -8.0%
• Equity multiple: 0.70×
• Total profit: $-8,222
• Equity at exit: $14,836

10-year hold

• IRR: 1.5%
• Equity multiple: 1.11×
• Total profit: $2,983
• Equity at exit: $8,603

Cash invested: $27,860 (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 47421

• Home prices YoY: -25.2%
• Active inventory: 160
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $974 medium
• Mortgage (P&I): −$522
• Tax from tax record: −$82 /mo · $987/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$205
• Net cashflow: $124

Break-even live

Break-even rent $817

Max offer price $99,500

Occupancy floor 82%

Sensitivity live

Price	-10% $181	-5% $152	+0% $124	+5% $96	+10% $68
Rent	-10% $47	-5% $86	+0% $124	+5% $163	+10% $201
Rate	-1.0pp $174	-0.5pp $150	base $124	+0.5pp $98	+1.0pp $72

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: $24,875
• Closing costs: $2,985
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-17
   days on market $99,500 Active 86 DOM
2. 2026-06-16
   days on market $99,500 Active 85 DOM
3. 2026-06-15
   days on market $99,500 Active 84 DOM
4. 2026-06-14
   days on market $99,500 Active 82 DOM
5. 2026-06-13
   days on market $99,500 Active 81 DOM
6. 2026-06-10
   days on market $99,500 Active 79 DOM
7. 2026-06-09
   days on market $99,500 Active 78 DOM
8. 2026-06-08
   days on market $99,500 Active 77 DOM
9. 2026-06-07
   days on market $99,500 Active 76 DOM
10. 2026-06-05
    pricedays on market $99,500 Active 73 DOM
11. 2026-06-03
    days on market $103,333 Active 72 DOM
12. 2026-06-02
    days on market $103,333 Active 71 DOM
13. 2026-06-01
    days on market $103,333 Active 70 DOM
14. 2026-05-31
    days on market $103,333 Active 69 DOM
15. 2026-05-30
    days on market $103,333 Active 68 DOM
16. 2026-05-14
    price $103,333 1108-char remark

    Show marketing remark (1108 chars)

    Spacious home with recent updates already in place, sitting on 2.01 acres with plenty of room to spread out while still being easy to take care of. Inside, the layout gives you multiple living areas and flexibility depending on how you want to use the space. The flooring has been updated, and the kitchen has refreshed cabinetry with appliances in place. The home includes 2 bedrooms and 1.5 bathrooms, You’ll also find the utility room and laundry area on the lower level, keeping those spaces tucked away but easily accessible. Updates like newer flooring, fresh paint, and an updated electrical panel have already been done, so it’s ready to move into while still leaving room to make it your own over time. Outside, there’s a covered carport, extra storage, and outbuildings that add useful space for tools, hobbies, or equipment. The lot gives you that open feel without a lot of upkeep. This could be a great fit for a first time buyer, someone looking to downsize, or an investor wanting something with solid potential. Located with convenient access to town and everyday amenities.

17. 2026-04-11
    price $119,900 1108-char remark

    Show marketing remark (1108 chars)

    Spacious home with recent updates already in place, sitting on 2.01 acres with plenty of room to spread out while still being easy to take care of. Inside, the layout gives you multiple living areas and flexibility depending on how you want to use the space. The flooring has been updated, and the kitchen has refreshed cabinetry with appliances in place. The home includes 2 bedrooms and 1.5 bathrooms, You’ll also find the utility room and laundry area on the lower level, keeping those spaces tucked away but easily accessible. Updates like newer flooring, fresh paint, and an updated electrical panel have already been done, so it’s ready to move into while still leaving room to make it your own over time. Outside, there’s a covered carport, extra storage, and outbuildings that add useful space for tools, hobbies, or equipment. The lot gives you that open feel without a lot of upkeep. This could be a great fit for a first time buyer, someone looking to downsize, or an investor wanting something with solid potential. Located with convenient access to town and everyday amenities.

18. 2026-03-24
    listed $129,900 Active 1108-char remark

    Show marketing remark (1108 chars)

    Spacious home with recent updates already in place, sitting on 2.01 acres with plenty of room to spread out while still being easy to take care of. Inside, the layout gives you multiple living areas and flexibility depending on how you want to use the space. The flooring has been updated, and the kitchen has refreshed cabinetry with appliances in place. The home includes 2 bedrooms and 1.5 bathrooms, You’ll also find the utility room and laundry area on the lower level, keeping those spaces tucked away but easily accessible. Updates like newer flooring, fresh paint, and an updated electrical panel have already been done, so it’s ready to move into while still leaving room to make it your own over time. Outside, there’s a covered carport, extra storage, and outbuildings that add useful space for tools, hobbies, or equipment. The lot gives you that open feel without a lot of upkeep. This could be a great fit for a first time buyer, someone looking to downsize, or an investor wanting something with solid potential. Located with convenient access to town and everyday amenities.

19. 2013-08-29
    soldstatus $35,000

ⓘ 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: $987 · $82/mo
• Projected year-2 tax: $987 · $82/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 100% 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: $11,692
• − Mortgage interest: −$5,574
• − Property taxes: −$987
• − Insurance: −$498
• − Repairs & maintenance: −$935
• − Management: −$935
• − Depreciation: −$2,895
• Taxable loss: −$131
• Est. tax savings @ 24.0%: +$31
• After-tax cash flow: $1,522/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 Lawrence Community Schools
• NCES district ID: 1807860
• Math proficiency: 35% ▼ -2.00%
• Reading proficiency: 40% ▼ -3.00%
• Median HH income: $44,566
• Composite: 31.88/100
• National rank: #5864
• State rank: #170 of 301 in IN

Livability — Bedford

• Score: 80/100
• State rank: #23
• US rank: #1958

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lawrence County · 27,599 people
• City population: 27,599
• Metro: Bedford, IN
• Population (ZIP): 27,599
• Household income: $68,108
• Rent vs Own: 20.0% rent · 80.0% own
• Severe rent burden: 507.0

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 44,347 people
• By 2030: 43,331 · -2.3%
• By 2040: 40,887 · -7.8%
• By 2050: 38,297 · -13.6%
• By 2075: 32,479 · -26.8%
• By 2100: 26,051 · -41.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Slovak 3% Italian 2% Scotch-Irish 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+51.0) · D 23.6% · R 74.6% · Other 1.7%
• 2008→2024 swing: -30.5pp toward R · 2008: -20.6pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+50.6 2016: R+51.5 2012: R+32.8 2008: R+20.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.32%
• Current HPI: 240.959
• Rent YoY: —
• Metro: Bedford, IN
• 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

+195.2% since first listed

4 events — show timeline

• 2026-05-14 Price Changed $103,333 IRMLS
• 2026-04-11 Price Changed $119,900 IRMLS
• 2026-03-24 Listed $129,900 IRMLS
• 2013-08-29 Sold (Public Records) $35,000 Public Records

Property tax history

+33.1%/yr

Latest (2025): $987 · -2.7% YoY. Source: county tax records.