2418 H St · Bedford, IN 47421

$49,900

2 bd · 1.0 ba · 728 sqft · SingleFamily public records · 89 Days on market

Built 1930 8,712 sqft lot $69/sqft · 66% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Opportunity is knocking! This 2-bedroom, 1-bath home sits in a convenient in-town location and is ready for a fresh start. Whether you’re looking to renovate, flip, or build your dream home from the ground up, the potential here is undeniable. The home will require substantial renovation and is not move-in ready. New survey just completed— Property being sold as-is. Come see what this property could become!

Key facts

• 8,712 sq ft lot
• Built 1930
• Listed 89 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $426 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($937 rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.5% vs local median 4.2% 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: schools C-, 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.
• Market conditions: 159 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 $345 of loan paydown is wiped out by about $1k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $25k; list at $50k implies a 101% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $46,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 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 1930 — 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: 1.88% ✓
• Cap rate: 16.54%
• Cash-on-cash: 36.61%
• DSCR: 2.63
• GRM: 4.4

CMA / ARV

• ARV (median comp): $145,629
• List price: $49,900
• Delta: -65.73%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1014 24th St	0.24mi	2/1.0	798 (+10%)	16mo	$25,000	$31	60
234 19th St	0.58mi	2/1.0	672 (-8%)	8mo	$20,500	$31	53
1312 18th St	0.68mi	2/1.0	772 (+6%)	13mo	$148,000	$192	47

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: 32.4%
• Equity multiple: 2.36×
• Total profit: $19,060
• Equity at exit: $7,440

10-year hold

• IRR: 39.5%
• Equity multiple: 4.69×
• Total profit: $51,538
• Equity at exit: $4,314

Cash invested: $13,972 (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: 159
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $937 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$31 /mo · $376/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$197
• Net cashflow: $426

Break-even live

Break-even rent $397

Max offer price $49,900

Occupancy floor 50%

Sensitivity live

Price	-10% $455	-5% $440	+0% $426	+5% $412	+10% $398
Rent	-10% $352	-5% $389	+0% $426	+5% $463	+10% $500
Rate	-1.0pp $451	-0.5pp $439	base $426	+0.5pp $413	+1.0pp $400

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   status $49,900 Pending 89 DOM
2. 2026-06-17
   days on market $49,900 Active 89 DOM
3. 2026-06-16
   days on market $49,900 Active 88 DOM
4. 2026-06-15
   days on market $49,900 Active 87 DOM
5. 2026-06-14
   days on market $49,900 Active 85 DOM
6. 2026-06-13
   days on market $49,900 Active 84 DOM
7. 2026-06-10
   days on market $49,900 Active 82 DOM
8. 2026-06-09
   days on market $49,900 Active 81 DOM
9. 2026-06-08
   days on market $49,900 Active 80 DOM
10. 2026-06-07
    days on market $49,900 Active 79 DOM
11. 2026-06-05
    days on market $49,900 Active 76 DOM
12. 2026-06-03
    days on market $49,900 Active 75 DOM
13. 2026-06-02
    days on market $49,900 Active 74 DOM
14. 2026-06-01
    days on market $49,900 Active 73 DOM
15. 2026-05-31
    days on market $49,900 Active 72 DOM
16. 2026-05-30
    days on market $49,900 Active 71 DOM
17. 2026-03-31
    price $49,900 422-char remark

    Show marketing remark (422 chars)

    Opportunity is knocking! This 2-bedroom, 1-bath home sits in a convenient in-town location and is ready for a fresh start. Whether you’re looking to renovate, flip, or build your dream home from the ground up, the potential here is undeniable. The home will require substantial renovation and is not move-in ready. New survey just completed— Property being sold as-is. Come see what this property could become!

18. 2026-03-20
    listed $69,900 Active 422-char remark

    Show marketing remark (422 chars)

    Opportunity is knocking! This 2-bedroom, 1-bath home sits in a convenient in-town location and is ready for a fresh start. Whether you’re looking to renovate, flip, or build your dream home from the ground up, the potential here is undeniable. The home will require substantial renovation and is not move-in ready. New survey just completed— Property being sold as-is. Come see what this property could become!

19. 2024-08-28
    soldstatus $24,800

ⓘ 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: $376 · $31/mo
• Projected year-2 tax: $400 · $33/mo
• Expected delta: +$24/yr (+$2/mo · 6.4%)

ⓘ 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 2/10 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: $11,242
• − Mortgage interest: −$2,795
• − Property taxes: −$376
• − Insurance: −$250
• − Repairs & maintenance: −$899
• − Management: −$899
• − Depreciation: −$1,452
• Taxable income: $4,571
• Est. tax owed @ 24.0%: −$1,097
• After-tax cash flow: $4,018/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

• Census place: Bedford, IN
• 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

+101.2% since first listed

3 events — show timeline

• 2026-03-31 Price Changed $49,900 IRMLS
• 2026-03-20 Listed $69,900 IRMLS
• 2024-08-28 Sold (Public Records) $24,800 Public Records

Property tax history

-4.2%/yr

Latest (2025): $376 · +0.4% YoY. Source: county tax records.