7000 W Edgewood Dr · Yorktown, IN 47396

$219,900

3 bd · 2.0 ba · 1,785 sqft · SingleFamily public records · 10 Days on market

Built 1970 0.37 ac lot Est $270k · 18% 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).

• ARV discount +15.0/15.0
• Cash flow +13.7/30.0
• Schools +4.3/10.0
• DSCR +4.1/10.0
• Livability +3.7/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Yorktown School district. This move-in-ready home features 3 bedrooms, 2 bathrooms, and a fenced-in backyard. According to the sellers, the property includes several recent updates: - HVAC: New in 2025 - Windows: New vinyl windows in 2024 - Kitchen: Newer cabinets, sink, faucet, and sliding door (2024) - Interior: Fresh paint in the family room, living room, and kitchen, along with updated flooring and lighting. The home offers a large eat-in kitchen, a spacious family room and living room, and abundant storage. It is also conveniently located near local schools and parks

Key facts

• Newer cabinets
• Large eat-in kitchen
• Fresh paint

Tags

• FENCED-IN BACKYARD
• NEW VINYL WINDOWS
• NEWER CABINETS
• FRESH PAINT
• UPDATED FLOORING
• LARGE EAT-IN KITCHEN

Property features AI

Finance

• Other: Property type listed as Residential; Lot size approximately 0.37 acres (about 1/4–1/2 acre)

Exterior

• Parking: Attached 2-car garage
• Security: Smoke detector(s)
• Utilities: Municipal sewer connection; Private water source; Solid waste service available
• Home design: Single family residence; One level
• Construction: Brick construction; Crawl space foundation
• Exterior features: Storage shed; Has a view

Interior

• Kitchen: Electric oven; Refrigerator; Dishwasher; Range hood
• Bedrooms: Three bedrooms on the main level (all bedrooms located on main)
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Smoke detectors; Living room; Family room; Foyer; Storage shed
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $15 ($185/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 $172k (21.6% below list).
• Recommended offer: $172k (21.6% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.4% in Yorktown — 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 73/100 on livability (#99 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Yorktown Community Schools (suburban): math 49% / reading 51% proficiency, ranked #48 of 301 in IN (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 46 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 171 units permitted in Delaware County in 2024 (57 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Delaware County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 10y 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 $116k; list at $220k implies a 90% gain — meaningful room to come down on a strong offer.

Recommended offer $172,500 (21.6% below list)

Questions for the listing agent

1. Built in 1970 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.78% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.30%
• DSCR: 1.01
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $269,535
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7010 W Edgewood Dr	0.02mi	3/2.0	1,920 (+8%)	11mo	$182,500	$95	77
6416 W Franwood Cir	0.52mi	3/2.5	1,838 (+3%)	1mo	$239,900	$131	68
6330 W CR 200 S	0.68mi	3/2.0	1,768 (-1%)	9mo	$194,900	$110	59
1801 S O'hare Blvd	0.66mi	3/2.0	1,683 (-6%)	3mo	$280,000	$166	57
7800 W Kennedy Pkwy	0.58mi	3/2.0	1,924 (+8%)	4mo	$349,900	$182	57
7813 O'hare Cir	0.66mi	3/2.0	1,692 (-5%)	6mo	$271,000	$160	56
7816 W Frankie Ln	0.65mi	3/2.0	1,567 (-12%)	2mo	$237,000	$151	48
7920 W Angus Ave	0.72mi	3/2.0	1,618 (-9%)	6mo	$205,000	$127	46
7909 W Kennedy Pkwy	0.69mi	3/2.0	2,008 (+12%)	2mo	$277,500	$138	46
2001 S O'hare Blvd	0.64mi	3/2.0	1,599 (-10%)	12mo	$287,500	$180	43
2211 S Andrews Rd	0.71mi	2/1.0 (-1)	1,918 (+8%)	10mo	$199,900	$104	37
7805 W Kennedy Pkwy	0.60mi	4/2.5 (+1)	2,030 (+14%)	9mo	$352,500	$174	35

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: -15.9%
• Equity multiple: 0.44×
• Total profit: $-34,730
• Equity at exit: $32,788

10-year hold

• IRR: -7.5%
• Equity multiple: 0.52×
• Total profit: $-29,301
• Equity at exit: $19,013

Cash invested: $61,572 (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 47396

• Home prices YoY: -14.6%
• Active inventory: 46
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,725 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$103 /mo · $1,230/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $15

Break-even live

Break-even rent $1,705

Max offer price $219,900

Occupancy floor 94%

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3001 S Broadway St Yorktown, IN	3.0	1.5	1678	$1,725	$1.03	44d	1	1.26mi

Listing history 9 events

1. 2026-06-19
   days on market $219,900 Active 10 DOM
2. 2026-06-18
   days on market $219,900 Active 9 DOM
3. 2026-06-17
   days on market $219,900 Active 8 DOM
4. 2026-06-16
   days on market $219,900 Active 7 DOM
5. 2026-06-15
   days on market $219,900 Active 6 DOM
6. 2026-06-14
   days on market $219,900 Active 4 DOM
7. 2026-06-13
   days on market $219,900 Active 3 DOM
8. 2026-06-10
   remarks 584-char remark
9. 2026-06-10
   listed $219,900 Active 1 DOM

ⓘ 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: $1,230 · $103/mo
• Projected year-2 tax: $1,550 · $129/mo
• Expected delta: +$320/yr (+$27/mo · 26.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $20,700
• − Mortgage interest: −$12,318
• − Property taxes: −$1,230
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,656
• − Management: −$1,656
• − Depreciation: −$6,397
• Taxable loss: −$3,657
• Est. tax savings @ 24.0%: +$878
• After-tax cash flow: $1,063/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: Yorktown Community Schools
• NCES district ID: 1807230
• Math proficiency: 49% ▼ -8.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $55,611
• Composite: 43.32/100
• National rank: #3036
• State rank: #48 of 301 in IN

Livability — Yorktown

• Score: 73/100
• State rank: #99
• US rank: #5439

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Yorktown, IN
• City population: 7,808
• Population (ZIP): 7,808

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 113,036 people
• By 2030: 111,313 · -1.5%
• By 2040: 106,432 · -5.8%
• By 2050: 100,747 · -10.9%
• By 2075: 91,000 · -19.5%
• By 2100: 80,687 · -28.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Asian 2%
• Common ancestry: Italian 4% Slovak 3% Romanian 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Other Indo-European 1%

Political lean MEDSL · Delaware

• 2024 margin: R (+15.8) · D 41.2% · R 57.0% · Other 1.8%
• 2008→2024 swing: -30.8pp toward R · 2008: 15.0pp · 2024: -15.8pp
• All cycles: 2024: R+15.8 2020: R+13.2 2016: R+13.7 2012: D+3.1 2008: D+15.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -35.12%
• Current HPI: 205.7559
• 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

+214.6% since first listed

8 events — show timeline

• 2026-06-09 Listed $219,900 IRMLS
• 2026-06-09 Listed $219,900 MIBOR as Distributed by MLS Grid
• 2020-03-24 Sold (MLS) $116,000 MIBOR as Distributed by MLS Grid
• 2020-02-28 Sold (MLS) $116,000 IRMLS
• 2020-01-27 Listed $114,900 MIBOR as Distributed by MLS Grid
• 2020-01-27 Listed $116,000 IRMLS
• 2017-05-22 Sold (MLS) $73,500 IRMLS
• 2016-12-05 Listed $69,900 IRMLS

Property tax history

+6.8%/yr

Latest (2024): $1,230 · +6.3% YoY. Source: county tax records.