4195 E 200 Rd S · Knox, IN 46534

$132,750

3 bd · 1.0 ba · 1,288 sqft · SingleFamily public records · 13 Days on market

Built 1943 1.00 ac lot $103/sqft · 32% below area Est $196k · 32% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Livability +2.9/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

Key facts

• Move-in ready
• New carpet
• Ample closet space

Tags

• HARDWOOD FLOORS
• NEW CARPET
• AMPLE CLOSET SPACE
• NEW FLOORING
• MOVE-IN READY
• LARGE FRONT STOOP

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $133k.

Deal economics

• At list price, monthly cash flow is $611 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $133k).
• Cap rate 11.8% vs local median 3.8% in Knox — 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 58/100 on livability (#583 in IN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime C-, schools D-, amenities F.
• Knox Community School Corporation (town): math 27% / reading 34% proficiency, ranked #242 of 301 in IN (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 146 active listings in the ZIP; 58 units permitted in Starke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $918 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Starke County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $37k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,750

Questions for the listing agent

1. Built in 1943 — 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: 1.32% ✓
• Cap rate: 11.81%
• Cash-on-cash: 19.71%
• DSCR: 1.88
• GRM: 6.3

CMA / ARV

• ARV (median comp): $196,204
• List price: $132,750
• Delta: -32.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4415 E Orchard Dr	0.64mi	3/1.5	1,232 (-4%)	13mo	$217,000	$176	50
1835 S 350 E	0.73mi	2/2.0 (-1)	1,120 (-13%)	20mo	$276,000	$246	19

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: 11.7%
• Equity multiple: 1.47×
• Total profit: $17,312
• Equity at exit: $19,793

10-year hold

• IRR: 20.7%
• Equity multiple: 2.75×
• Total profit: $64,897
• Equity at exit: $11,478

Cash invested: $37,170 (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 46534

• Home prices YoY: -19.2%
• Active inventory: 146
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,755 medium
• Mortgage (P&I): −$696
• Tax from tax record: −$24 /mo · $290/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $611

Break-even live

Break-even rent $982

Max offer price $132,750

Occupancy floor 60%

Sensitivity live

Price	-10% $686	-5% $648	+0% $611	+5% $573	+10% $377
Rent	-10% $472	-5% $541	+0% $611	+5% $680	+10% $749
Rate	-1.0pp $677	-0.5pp $644	base $611	+0.5pp $576	+1.0pp $541

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: $33,188
• Closing costs: $3,982
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-05-09
   status Pending 492-char remark

   Show marketing remark (492 chars)

   Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

2. 2026-05-07
   status Active 492-char remark

   Show marketing remark (492 chars)

   Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

3. 2026-05-07
   historical 492-char remark

   Show marketing remark (492 chars)

   Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

4. 2026-04-29
   status Active 492-char remark

   Show marketing remark (492 chars)

   Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

5. 2026-04-21
   status Active
6. 2026-04-21
   historical
7. 2026-03-24
   status Pending 492-char remark

   Show marketing remark (492 chars)

   Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

8. 2026-03-24
   status Pending

   Show marketing remark (492 chars)

   Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

9. 2026-03-20
   listed $132,750 Active 492-char remark

   Show marketing remark (492 chars)

   Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

10. 2026-03-20
    listed $132,750 Active

    Show marketing remark (492 chars)

    Opportunity "Knox". .. 3 bed 1 bath home sits on 1 full acre and is ready for new owners with their own vision. Home offers hardwood floors throughout the large living room, hall and 2 of the 3 bedrooms. New carpet in large primary bedroom with ample closet space. New flooring in bathroom as well. Home is move-in ready while you make any changes you would like. 1 car attached garage and a large front stoop to welcome guests. There is an outbuilding back in the woods which stays

ⓘ 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: $290 · $24/mo
• Projected year-2 tax: $709 · $59/mo
• Expected delta: +$419/yr (+$35/mo · 144.7%)

ⓘ 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 ≥101°F today · 15 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: $21,055
• − Mortgage interest: −$7,436
• − Property taxes: −$290
• − Insurance: −$664
• − Repairs & maintenance: −$1,684
• − Management: −$1,684
• − Depreciation: −$3,862
• Taxable income: $5,435
• Est. tax owed @ 24.0%: −$1,304
• After-tax cash flow: $6,022/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: Knox Community School Corporation
• NCES district ID: 1805340
• Math proficiency: 27% ▼ -9.00%
• Reading proficiency: 34% ▼ -8.00%
• Median HH income: $39,955
• Composite: 25.64/100
• National rank: #7401
• State rank: #242 of 301 in IN

Livability — Knox

• Score: 58/100
• State rank: #583
• US rank: #20938

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,029
• Population (ZIP): 11,029

Population outlook (Starke County) Hauer SSP2

• Today (2025): 21,860 people
• By 2030: 21,024 · -3.8%
• By 2040: 19,041 · -12.9%
• By 2050: 16,881 · -22.8%
• By 2075: 11,880 · -45.7%
• By 2100: 7,217 · -67.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Romanian 5% Lithuanian 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Starke

• 2024 margin: Solid R (+52.0) · D 23.2% · R 75.3% · Other 1.5%
• 2008→2024 swing: -55.3pp toward R · 2008: 3.2pp · 2024: -52.0pp
• All cycles: 2024: R+52.0 2020: R+46.8 2016: R+42.0 2012: R+10.6 2008: D+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.15%
• Current HPI: 244.2216
• 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

+0.0% since first listed

10 events — show timeline

• 2026-05-09 Pending — IRMLS
• 2026-05-07 Relisted — IRMLS
• 2026-05-07 Delisted — IRMLS
• 2026-04-29 Relisted — IRMLS
• 2026-04-21 Relisted — NIRA MLS as Distributed by MLS Grid
• 2026-04-21 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2026-03-24 Pending — IRMLS
• 2026-03-24 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-03-20 Listed $132,750 NIRA MLS as Distributed by MLS Grid
• 2026-03-20 Listed $132,750 IRMLS

Property tax history

+11.9%/yr

Latest (2024): $290 · +37.6% YoY. Source: county tax records.