347 E North St · Dunkirk, IN 47336

$68,900

3 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 311 Days on market

Built 1916 5,445 sqft lot $67/sqft · 25% below area Est $92k · 25% under

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Why this score? — see what drove the A- 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 +9.9/10.0
• Appreciation +6.8/10.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

Key facts

• Updated gutters
• Central air
• 5,445 sq ft lot

Tags

• DETACHED 2 CAR GARAGE
• UPDATED GUTTERS
• CENTRAL AIR
• SEPARATE LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $336 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#404 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, health & safety D, amenities F.
• Jay School Corporation (rural): math 38% / reading 37% proficiency, ranked #175 of 301 in IN (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 32 active listings in the ZIP; 19 units permitted in Jay County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($476 loan paydown + $3k appreciation (3.6% local appreciation)).
• Jay County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.6% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 311 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $11k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $69k implies a 130% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $60,632 (12.0% below list)

Questions for the listing agent

1. It's been on market 311 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1916 — 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. 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?
6. 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.
7. 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.
8. 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: 1.49% ✓
• Cap rate: 12.14%
• Cash-on-cash: 20.89%
• DSCR: 1.93
• GRM: 5.6

CMA / ARV

• ARV (median comp): $91,758
• List price: $68,900
• Delta: -24.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
324 W Jay St	0.51mi	3/1.0	1,038 (+1%)	2mo	$163,000	$157	74
607 Hart Dr	0.43mi	3/1.5	1,053 (+2%)	2mo	$145,000	$138	73
434 N Main St	0.28mi	3/1.0	1,146 (+11%)	3mo	$91,000	$79	66
156 E Grand St	0.30mi	2/1.0 (-1)	980 (-5%)	14mo	$72,500	$74	61
235 Moore Ave	0.50mi	3/1.5	1,075 (+4%)	14mo	$163,000	$152	56
141 Highland Ave	0.31mi	2/1.0 (-1)	1,165 (+13%)	4mo	$104,000	$89	56
651 N Hickory St	0.44mi	2/1.0 (-1)	966 (-6%)	11mo	$15,000	$16	54
709 N Main St	0.46mi	3/1.0	918 (-11%)	7mo	$65,000	$71	54
702 S Franklin St	0.54mi	2/2.0 (-1)	1,010 (-2%)	11mo	$135,000	$134	53
615 Hart Dr	0.48mi	3/2.0	1,165 (+13%)	0mo	$160,000	$137	52
805 Hart Dr	0.59mi	3/2.0	1,170 (+13%)	4mo	$125,000	$107	43
120 W Sam St	0.70mi	2/1.0 (-1)	896 (-13%)	2mo	$60,000	$67	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.4%
• Equity multiple: 2.66×
• Total profit: $32,070
• Equity at exit: $33,493

10-year hold

• IRR: 28.4%
• Equity multiple: 5.22×
• Total profit: $81,371
• Equity at exit: $53,662

Cash invested: $19,292 (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 47336

• Home prices YoY: 1.6%
• Active inventory: 32
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,028 medium
• Mortgage (P&I): −$361
• Tax est. 1.5%: −$86 /mo · $1,034/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $336

Break-even live

Break-even rent $603

Max offer price $68,900

Occupancy floor 62%

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: $17,225
• Closing costs: $2,067
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-18
   days on market $68,900 Active 311 DOM
2. 2026-06-17
   days on market $68,900 Active 310 DOM
3. 2026-06-16
   days on market $68,900 Active 309 DOM
4. 2026-06-15
   days on market $68,900 Active 308 DOM
5. 2026-06-13
   days on market $68,900 Active 306 DOM
6. 2026-06-12
   days on market $68,900 Active 305 DOM
7. 2026-06-09
   days on market $68,900 Active 302 DOM
8. 2026-06-08
   days on market $68,900 Active 301 DOM
9. 2026-06-07
   days on market $68,900 Active 300 DOM
10. 2026-06-05
    days on market $68,900 Active 298 DOM
11. 2026-06-04
    days on market $68,900 Active 296 DOM
12. 2026-06-02
    days on market $68,900 Active 295 DOM
13. 2026-06-01
    days on market $68,900 Active 294 DOM
14. 2026-05-31
    days on market $68,900 Active 293 DOM
15. 2026-05-31
    days on market $68,900 Active 292 DOM
16. 2026-02-20
    price $68,900 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

17. 2026-02-20
    price $68,900 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

18. 2025-12-05
    price $69,900 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

19. 2025-12-05
    price $69,900 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

20. 2025-11-04
    price $72,400 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

21. 2025-11-04
    price $72,400 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

22. 2025-09-20
    price $74,900 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

23. 2025-09-20
    price $74,900 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

24. 2025-08-25
    price $76,500 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

25. 2025-08-25
    price $76,500 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

26. 2025-08-12
    listed $79,900 Active 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

27. 2025-08-11
    listed $79,900 Active 429-char remark

    Show marketing remark (429 chars)

    This single-story home offers solid potential with 2 bedrooms, 1 full bath, and a detached 2 car garage. Key updates include an approximately 5 year old furnace, updated gutters, central air, and an upgraded 100-amp electric panel. A separate laundry room adds convenience, and the layout offers great bones for your personal touch. While the home does need some TLC, it's a fantastic chance to build equity and make it your own.

28. 2018-07-11
    soldstatus $30,000
29. 2012-03-01
    soldstatus $25,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,335
• − Mortgage interest: −$3,859
• − Property taxes: −$1,034
• − Insurance: −$344
• − Repairs & maintenance: −$987
• − Management: −$987
• − Depreciation: −$2,004
• Taxable income: $3,119
• Est. tax owed @ 24.0%: −$749
• After-tax cash flow: $3,282/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: Jay School Corporation
• NCES district ID: 1804980
• Math proficiency: 38% ▼ -13.00%
• Reading proficiency: 37% ▼ -13.00%
• Median HH income: $40,841
• Composite: 31.56/100
• National rank: #5954
• State rank: #175 of 301 in IN

Livability — Dunkirk

• Score: 64/100
• State rank: #404
• US rank: #14764

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dunkirk, IN
• Population (ZIP): 2,793

Population outlook (Jay County) Hauer SSP2

• Today (2025): 20,586 people
• By 2030: 20,155 · -2.1%
• By 2040: 19,274 · -6.4%
• By 2050: 18,203 · -11.6%
• By 2075: 15,062 · -26.8%
• By 2100: 10,857 · -47.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Italian 4% Slovak 2% Scotch-Irish 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Jay

• 2024 margin: Solid R (+55.2) · D 21.6% · R 76.7% · Other 1.7%
• 2008→2024 swing: -47.3pp toward R · 2008: -7.8pp · 2024: -55.2pp
• All cycles: 2024: R+55.2 2020: R+52.4 2016: R+47.8 2012: R+20.0 2008: R+7.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.64%
• Current HPI: 238.768
• 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

+175.6% since first listed

14 events — show timeline

• 2026-02-20 Price Changed $68,900 IRMLS
• 2026-02-20 Price Changed $68,900 MIBOR as Distributed by MLS Grid
• 2025-12-05 Price Changed $69,900 IRMLS
• 2025-12-05 Price Changed $69,900 MIBOR as Distributed by MLS Grid
• 2025-11-04 Price Changed $72,400 MIBOR as Distributed by MLS Grid
• 2025-11-04 Price Changed $72,400 IRMLS
• 2025-09-20 Price Changed $74,900 MIBOR as Distributed by MLS Grid
• 2025-09-20 Price Changed $74,900 IRMLS
• 2025-08-25 Price Changed $76,500 IRMLS
• 2025-08-25 Price Changed $76,500 MIBOR as Distributed by MLS Grid
• 2025-08-12 Listed $79,900 IRMLS
• 2025-08-11 Listed $79,900 MIBOR as Distributed by MLS Grid
• 2018-07-11 Sold (Public Records) $30,000 Public Records
• 2012-03-01 Sold (Public Records) $25,000 Public Records