917 Linda Dr · Fortville, IN 46040

$285,000

3 bd · 1.0 ba · 1,636 sqft · SingleFamily public records · 25 Days on market

Built 1955 0.26 ac lot Est $316k · 10% 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 +11.9/15.0
• Cash flow +8.2/30.0
• Schools +4.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• 1% rule +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 BR Stone Ranch in nice established neighborhood. Home sits on over 1/4 acre with mature trees and landscaped to the hilt. Custom Exterior windows Large Living Rm w/fireplace, built-in bookshelves & newer laminate floors. Kitchen updated w/breakfast bar, pantry and all appliances, Great laundry rm w/ access door to backyard. Shaded backyard has mini barn, play set, burn pit, privacy fence and patio for those summer cookouts. Basement has new furnace.

Key facts

• New garbage disposal
• New exterior doors
• Newer roof

Tags

• NEWER ROOF
• UPDATED HVAC
• UPDATED WATER HEATER
• NEW GUTTERS
• NEW EXTERIOR DOORS
• NEW GARBAGE DISPOSAL

Property features AI

Finance

• Other: Property sits on approximately 0.26 acre (about 1/4–1/2 acre)

Exterior

• Parking: Asphalt parking (no garage spaces)
• Utilities: Public water; Municipal sewer connected; No solid waste service listed
• Home design: Single-family residence; One level
• Construction: Stone construction; Brick/mortar and slab foundation
• Exterior features: Patio; Porch; Mini barn; Privacy fence; Yard fencing

Interior

• Kitchen: Dishwasher; Disposal; Electric oven; Refrigerator; Eat-in kitchen; Breakfast bar; Pantry
• Bedrooms: 4 bedrooms on the main level; Primary bedroom includes a sitting room; Basement includes a bonus room
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Attic access; Breakfast bar; Eat-in kitchen; Pantry; Painted woodwork; Unfinished basement; One fireplace with wood-burning insert in the living room; Smoke alarm; Sump pump
• Laundry & utility: Main-level laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $285k.

Deal economics

• At list price, monthly cash flow is $-268 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (16.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $177k (38.0% below list).
• Recommended offer: $177k (38.0% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 4.2% in Fortville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 69/100 on livability (#189 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Mt Vernon Community School Corporation (rural): math 43% / reading 48% proficiency, ranked #70 of 301 in IN (top 23%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 18% free/reduced lunch — higher-income household profile.
• Zoned schools: Fortville Elementary School (math 50% / reading 46%, grade D, #314 of 994 statewide, top 32%, 719 students, 31% FRL); Mt Vernon High School (math 41% / reading 71%, grade C, #73 of 369 statewide, top 20%, 1,431 students, 27% FRL).
• Market conditions: 303 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 1,091 units permitted in Hancock County in 2024 (0 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 $9k of value loss. Plan a longer hold.
• Hancock County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 13y 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 $112k; list at $285k implies a 153% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $176,638 (38.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1955 — 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. 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: 0.62% ✗
• Cap rate: 5.17%
• Cash-on-cash: -4.03%
• DSCR: 0.82
• GRM: 13.4

CMA / ARV

• ARV (on-the-fly): $315,748
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
741 Sunset Ln	0.40mi	3/1.5	1,624 (-1%)	10mo	$268,000	$165	70
10190 N Balfer Dr E	0.56mi	3/1.5	1,524 (-7%)	4mo	$294,000	$193	58
10192 N Balfer Dr W	0.50mi	3/2.0	1,530 (-6%)	9mo	$270,000	$176	54
1266 W Limestone Way	0.39mi	3/2.0	1,450 (-11%)	6mo	$290,000	$200	54
1386 W Limestone Way	0.56mi	3/2.0	1,511 (-8%)	8mo	$285,000	$189	50
1270 W Limestone Way	0.41mi	3/2.0	1,430 (-13%)	8mo	$278,000	$194	49
1554 W 1000 N	0.56mi	3/2.0	1,473 (-10%)	6mo	$300,000	$204	48
413 E New York St	0.63mi	3/2.0	1,461 (-11%)	3mo	$315,000	$216	46
751 Laurel Ln	0.37mi	4/2.0 (+1)	1,410 (-14%)	6mo	$245,000	$174	45
326 Virginia St	0.62mi	4/2.5 (+1)	1,739 (+6%)	9mo	$295,000	$170	42
309 Virginia St	0.69mi	3/2.0	1,410 (-14%)	3mo	$253,500	$180	39
321 Virginia St	0.65mi	3/2.0	1,420 (-13%)	11mo	$300,000	$211	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: -23.2%
• Equity multiple: 0.21×
• Total profit: $-63,395
• Equity at exit: $42,494

10-year hold

• IRR: -18.0%
• Equity multiple: 0.02×
• Total profit: $-77,816
• Equity at exit: $24,642

Cash invested: $79,800 (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 46040

• Home prices YoY: -24.4%
• Active inventory: 303
• Price-to-rent: 13.4×

Monthly cashflow live

• Estimated rent: $1,766 high
• Mortgage (P&I): −$1,495
• Tax from tax record: −$50 /mo · $598/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $-268

Break-even live

Break-even rent $2,105

Max offer price $237,706

Occupancy floor —

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
936 E Broadway St Fortville, IN	3.0	1.5	1200	$1,750	$1.46	23d	1	0.09mi
602 Bradley Dr Fortville, IN	2.0–3.0	2.0	1105	$1,602	$1.45	1d	8	0.34mi
410 Vera Ct Fortville, IN	3.0	1.5	1178	$1,399	$1.19	1d	2	0.56mi
650 N Main St Fortville, IN	1.0–3.0	2.0	1189	$1,939	$1.63	1d	4	0.84mi
10845 Mansfield Way Ingalls, IN	3.0	2.5	1516	$1,825	$1.20	10d	1	1.01mi
10918 Spirit Dr Ingalls, IN	4.0	2.5	1633	$1,695	$1.04	1d	1	1.03mi
405 Thomas Point Dr Fortville, IN	4.0	2.5	2132	$2,995	$1.40	23d	1	1.19mi

Listing history 8 events

1. 2026-05-12
   status Pending
2. 2026-05-04
   price $285,000
3. 2026-04-20
   price $290,000
4. 2026-04-10
   listed $299,000 Active
5. 2013-09-28
   historical 459-char remark

   Show marketing remark (459 chars)

   3 BR Stone Ranch in nice established neighborhood. Home sits on over 1/4 acre with mature trees and landscaped to the hilt. Custom Exterior windows Large Living Rm w/fireplace, built-in bookshelves & newer laminate floors. Kitchen updated w/breakfast bar, pantry and all appliances, Great laundry rm w/ access door to backyard. Shaded backyard has mini barn, play set, burn pit, privacy fence and patio for those summer cookouts. Basement has new furnace.

6. 2013-09-27
   soldstatus $112,500 459-char remark

   Show marketing remark (459 chars)

   3 BR Stone Ranch in nice established neighborhood. Home sits on over 1/4 acre with mature trees and landscaped to the hilt. Custom Exterior windows Large Living Rm w/fireplace, built-in bookshelves & newer laminate floors. Kitchen updated w/breakfast bar, pantry and all appliances, Great laundry rm w/ access door to backyard. Shaded backyard has mini barn, play set, burn pit, privacy fence and patio for those summer cookouts. Basement has new furnace.

7. 2013-06-19
   listed $116,000 459-char remark

   Show marketing remark (459 chars)

   3 BR Stone Ranch in nice established neighborhood. Home sits on over 1/4 acre with mature trees and landscaped to the hilt. Custom Exterior windows Large Living Rm w/fireplace, built-in bookshelves & newer laminate floors. Kitchen updated w/breakfast bar, pantry and all appliances, Great laundry rm w/ access door to backyard. Shaded backyard has mini barn, play set, burn pit, privacy fence and patio for those summer cookouts. Basement has new furnace.

8. 2004-06-11
   soldstatus $114,000

ⓘ 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: $598 · $50/mo
• Projected year-2 tax: $1,510 · $126/mo
• Expected delta: +$912/yr (+$76/mo · 152.5%)

ⓘ 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 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: $21,197
• − Mortgage interest: −$15,964
• − Property taxes: −$598
• − Insurance: −$1,425
• − Repairs & maintenance: −$1,696
• − Management: −$1,696
• − Depreciation: −$8,291
• Taxable loss: −$8,473
• Est. tax savings @ 24.0%: +$2,034
• After-tax cash flow: $-1,179/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: Mt Vernon Community School Corporation
• NCES district ID: 1807260
• Math proficiency: 43% ▼ -12.00%
• Reading proficiency: 48% ▼ -7.00%
• Median HH income: $73,671
• Composite: 41.3/100
• National rank: #3514
• State rank: #70 of 301 in IN

Livability — Fortville

• Score: 69/100
• State rank: #189
• US rank: #8710

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fortville, IN
• Population (ZIP): 17,891

Population outlook (Hancock County) Hauer SSP2

• Today (2025): 77,820 people
• By 2030: 79,914 · +2.7%
• By 2040: 82,734 · +6.3%
• By 2050: 83,348 · +7.1%
• By 2075: 82,439 · +5.9%
• By 2100: 74,181 · -4.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 6% Two or more races 4% Asian 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 5% Romanian 2% Portuguese 2%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Other Indo-European 3% Arabic 1% Spanish 1%

Political lean MEDSL · Hancock

• 2024 margin: Solid R (+33.7) · D 32.2% · R 65.9% · Other 1.9%
• 2008→2024 swing: -4.1pp toward R · 2008: -29.6pp · 2024: -33.7pp
• All cycles: 2024: R+33.7 2020: R+37.5 2016: R+44.8 2012: R+41.0 2008: R+29.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.54%
• Current HPI: 221.8703
• 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

+150.0% since first listed

8 events — show timeline

• 2026-05-12 Pending — MIBOR as Distributed by MLS Grid
• 2026-05-04 Price Changed $285,000 MIBOR as Distributed by MLS Grid
• 2026-04-20 Price Changed $290,000 MIBOR as Distributed by MLS Grid
• 2026-04-10 Listed $299,000 MIBOR as Distributed by MLS Grid
• 2013-09-28 Listing Removed — MIBOR as Distributed by MLS Grid
• 2013-09-27 Sold (MLS) $112,500 MIBOR as Distributed by MLS Grid
• 2013-06-19 Listed $116,000 MIBOR as Distributed by MLS Grid
• 2004-06-11 Sold (Public Records) $114,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $598 · -7.8% YoY. Source: county tax records.