304 Wright St · Huntington, IN 46750

$79,900

2 bd · 1.0 ba · 1,080 sqft · SingleFamily public records · 37 Days on market

Built 1900 6,000 sqft lot Est $138k · 42% 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 +8.0/10.0
• Livability +3.5/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Own your home or be your own boss! This 2 bedroom, 1 bathroom home contains 1,080sqft and rents for $554.50/mo. plus utilities. This rental property is available for purchase as an individual unit for $38,500, or part of a 6-property package for $231,000. Additional properties in Huntington include: 1322 Ogan Ave, 538 Byron St, 835 Wilkerson St, 954 Iowa St, & 958 Iowa St. Subject to tenant's rights with 24 hour showing notice required. (This home is not available for land contract. Please do not disturb the tenant. )

Key facts

• Bedroom suite
• Front covered porch
• Large kitchen

Tags

• BEDROOM SUITE
• WASHER DRYER AREA
• LARGE KITCHEN
• FRONT COVERED PORCH
• MAIN AREA LIVING ROOM
• DINING ROOM

Property features AI

Finance

• Other: Public maintained asphalt road; Lot described as sloped and level, approximately 120 x 50 (0.14 acre)
• Financial info: No investor/multifamily income or expense details provided
• HOA & community: Sidewalks

Exterior

• Parking: Detached garage; One garage space; No additional parking features listed
• Utilities: Public water; Public sewer
• Home design: Single-story single family residence (site-built); R2 zoning; Subdivision: Wright(s)
• Construction: Vinyl siding; Asphalt roof; Built with crawl space foundation
• Exterior features: Covered porch; Porch

Interior

• Kitchen: Electric water heater
• Bedrooms: Master downstairs
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Electric baseboard heating; No cooling
• Interior features: Entrance foyer; Master bedroom on the main floor; Crawl space basement
• Laundry & utility: Main-level laundry with electric dryer hookup; Water heater

🏷️ Possibly a rental listed for sale. The $79,900 price doesn't fit this home's estimated sale value (~$138,240) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 4.3% in Huntington — 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 69/100 on livability (#193 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, employment D, amenities F.
• Huntington County Community School Corporation (rural): math 34% / reading 39% proficiency, ranked #176 of 301 in IN (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Horace Mann Elementary (math 38% / reading 29%, grade F, #631 of 994 statewide, top 64%, 458 students, 68% FRL); Riverview School (math 29% / reading 40%, grade F, #167 of 330 statewide, top 52%, 503 students, 54% FRL); Huntington North High School (math 30% / reading 55%, grade F, #195 of 369 statewide, top 53%, 1,424 students, 42% FRL) — zoned schools average 54% FRL vs 37% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 112 active listings in the ZIP; 79 units permitted in Huntington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Huntington 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 $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $37k; list at $80k implies a 116% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $77,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.30% ✓
• Cap rate: 10.79%
• Cash-on-cash: 16.05%
• DSCR: 1.71
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $138,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1071 Henry St	0.14mi	2/1.0	1,002 (-7%)	2mo	$145,000	$145	80
458 Whitelock St	0.28mi	3/1.0 (+1)	1,128 (+4%)	1mo	$85,000	$75	74
637 Mayne St	0.24mi	2/1.0	1,168 (+8%)	4mo	$81,000	$69	72
534 Mayne St	0.22mi	3/2.0 (+1)	1,033 (-4%)	4mo	$171,000	$166	70
516 Webster St	0.59mi	2/1.0	1,180 (+9%)	1mo	$59,000	$50	56
29 E Sunnydale Dr	0.61mi	3/1.0 (+1)	1,152 (+7%)	2mo	$170,000	$148	53
1333 Gardendale Ave	0.61mi	2/1.0	936 (-13%)	2mo	$120,000	$128	48
1414 Gardendale Ave	0.63mi	2/1.0	949 (-12%)	5mo	$50,000	$53	47
419 2nd St	0.70mi	3/1.0 (+1)	1,166 (+8%)	3mo	$106,500	$91	47
18 Shamrock Ct	0.67mi	3/1.0 (+1)	975 (-10%)	6mo	$169,000	$173	43
821 Frederick St	0.75mi	3/1.0 (+1)	1,221 (+13%)	4mo	$130,000	$106	35
660 Clark St	0.75mi	3/1.0 (+1)	922 (-15%)	1mo	$164,995	$179	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: 7.0%
• Equity multiple: 1.27×
• Total profit: $6,100
• Equity at exit: $11,913

10-year hold

• IRR: 16.3%
• Equity multiple: 2.33×
• Total profit: $29,825
• Equity at exit: $6,908

Cash invested: $22,372 (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 46750

• Home prices YoY: -33.0%
• Active inventory: 112
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,036 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$67 /mo · $803/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$218
• Net cashflow: $299

Break-even live

Break-even rent $657

Max offer price $79,900

Occupancy floor 66%

Sensitivity live

Price	-10% $344	-5% $322	+0% $299	+5% $277	+10% $254
Rent	-10% $217	-5% $258	+0% $299	+5% $340	+10% $381
Rate	-1.0pp $339	-0.5pp $319	base $299	+0.5pp $278	+1.0pp $257

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $79,900 Active 37 DOM
2. 2026-06-18
   days on market $79,900 Active 36 DOM
3. 2026-06-17
   days on market $79,900 Active 35 DOM
4. 2026-06-16
   days on market $79,900 Active 34 DOM
5. 2026-06-15
   days on market $79,900 Active 33 DOM
6. 2026-06-14
   days on market $79,900 Active 31 DOM
7. 2026-06-12
   days on market $79,900 Active 30 DOM
8. 2026-06-09
   days on market $79,900 Active 27 DOM
9. 2026-06-08
   days on market $79,900 Active 26 DOM
10. 2026-06-07
    days on market $79,900 Active 25 DOM
11. 2026-06-05
    days on market $79,900 Active 22 DOM
12. 2026-06-03
    days on market $79,900 Active 21 DOM
13. 2026-06-02
    days on market $79,900 Active 20 DOM
14. 2026-06-01
    pricedays on market $79,900 Active 19 DOM
15. 2026-05-31
    days on market $84,900 Active 18 DOM
16. 2026-05-30
    days on market $84,900 Active 17 DOM
17. 2026-05-19
    price $84,900
18. 2026-05-13
    listed $89,900 Active
19. 2020-10-05
    soldstatus $37,000 531-char remark

    Show marketing remark (531 chars)

    Own your home or be your own boss! This 2 bedroom, 1 bathroom home contains 1,080sqft and rents for $554.50/mo. plus utilities. This rental property is available for purchase as an individual unit for $38,500, or part of a 6-property package for $231,000. Additional properties in Huntington include: 1322 Ogan Ave, 538 Byron St, 835 Wilkerson St, 954 Iowa St, & 958 Iowa St. Subject to tenant's rights with 24 hour showing notice required. (This home is not available for land contract. Please do not disturb the tenant. )

20. 2020-01-18
    listed $37,000 531-char remark

    Show marketing remark (531 chars)

    Own your home or be your own boss! This 2 bedroom, 1 bathroom home contains 1,080sqft and rents for $554.50/mo. plus utilities. This rental property is available for purchase as an individual unit for $38,500, or part of a 6-property package for $231,000. Additional properties in Huntington include: 1322 Ogan Ave, 538 Byron St, 835 Wilkerson St, 954 Iowa St, & 958 Iowa St. Subject to tenant's rights with 24 hour showing notice required. (This home is not available for land contract. Please do not disturb the tenant. )

21. 2019-09-11
    listed $41,900
22. 2019-05-06
    listed $42,000
23. 2011-08-17
    soldstatus $60,688

ⓘ 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: $803 · $67/mo
• Projected year-2 tax: $803 · $67/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 3/10 Moderate 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,431
• − Mortgage interest: −$4,476
• − Property taxes: −$803
• − Insurance: −$400
• − Repairs & maintenance: −$994
• − Management: −$994
• − Depreciation: −$2,324
• Taxable income: $2,439
• Est. tax owed @ 24.0%: −$585
• After-tax cash flow: $3,004/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: Huntington County Community School Corporation
• NCES district ID: 1804710
• Math proficiency: 34% ▼ -6.00%
• Reading proficiency: 39% ▼ -10.00%
• Median HH income: $47,010
• Composite: 31.29/100
• National rank: #6013
• State rank: #176 of 301 in IN

Livability — Huntington

• Score: 69/100
• State rank: #193
• US rank: #8771

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Huntington, IN
• City population: 27,341
• Population (ZIP): 27,341

Population outlook (Huntington County) Hauer SSP2

• Today (2025): 35,613 people
• By 2030: 34,759 · -2.4%
• By 2040: 32,682 · -8.2%
• By 2050: 30,495 · -14.4%
• By 2075: 26,298 · -26.2%
• By 2100: 22,653 · -36.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 3% Two or more races 2% Black 1%
• Common ancestry: Italian 2% Slovak 2% Romanian 2%
• Foreign-born: 2% · China, Canada
• Languages at home: 96% English-only · Spanish 2% Chinese 1% German/W. Germanic 1%

Political lean MEDSL · Huntington

• 2024 margin: Solid R (+48.4) · D 24.9% · R 73.3% · Other 1.8%
• 2008→2024 swing: -21.2pp toward R · 2008: -27.2pp · 2024: -48.4pp
• All cycles: 2024: R+48.4 2020: R+49.9 2016: R+51.0 2012: R+39.8 2008: R+27.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.89%
• Current HPI: 216.5969
• 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

+39.9% since first listed

7 events — show timeline

• 2026-05-19 Price Changed $84,900 IRMLS
• 2026-05-13 Listed $89,900 IRMLS
• 2020-10-05 Sold (MLS) $37,000 IRMLS
• 2020-01-18 Listed $37,000 IRMLS
• 2019-09-11 Listed $41,900 IRMLS
• 2019-05-06 Listed $42,000 IRMLS
• 2011-08-17 Sold (Public Records) $60,688 Public Records

Property tax history

-4.4%/yr

Latest (2024): $803 · +0.2% YoY. Source: county tax records.