510 W York St · Rockville, IN 47872

$119,900

3 bd · 2.0 ba · 2,649 sqft · SingleFamily · 5 Days on market

Built 1904 Fair condition 7,000 sqft lot Est $204k · 41% 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 +27.5/30.0
• ARV discount +15.0/15.0
• DSCR +9.6/10.0
• 1% rule +7.5/10.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this charming property in the heart of Rockville! Lovingly owned by the same family for more than 50 years, this home is full of character, space, and opportunity for its next chapter. Featuring 3 bedrooms, 2 full bathrooms, and an additional upstairs bonus room that could easily serve as a 4th bedroom, this home offers plenty of flexibility to fit your needs. The main level features a spacious primary bedroom, large living room with an electric insert fireplace and beautiful built-ins on both sides, a formal dining room perfect for gatherings, and a kitchen complete with appliances. You'll also appreciate the convenience of the main level laundry room. Upstairs, you'll find

Key facts

• 7,000 sq ft lot
• Garage
• Built 1904

Tags

• ELECTRIC INSERT FIREPLACE
• BUILT-INS ON BOTH SIDES
• MAIN LEVEL LAUNDRY ROOM
• OVERSIZED FRONT PORCH
• FULLY ENCLOSED BACK PORCH

Property features AI

Exterior

• Parking: Detached 1-car garage (approx. 480 sq ft)
• Utilities: Public water; Municipal sewer connected
• Home design: Single-family residence; Two levels
• Construction: Aluminum siding; Block foundation
• Exterior features: Covered patio/porch

Interior

• Kitchen: Electric oven; Refrigerator; Eat-in kitchen
• Bedrooms: Three bedrooms total — one on the main level, two on the upper level; Upper level also includes a bonus room
• Bathrooms: Two full bathrooms — one on the main level, one on the upper level
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Eat-in kitchen; Cellar (unfinished basement); Electric fireplace in family room
• Laundry & utility: Washer and dryer; Main-level laundry room (approx. 6x7)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $353 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).

Location & tenants

• Location reads 64/100 on livability (#372 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• North Central Parke Comm School Corporation (town): math 30% / reading 39% proficiency, ranked #198 of 301 in IN (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Parke Heritage High School (math 12% / reading 57%, grade F, #270 of 369 statewide, top 77%, 341 students, 57% FRL).
• Market conditions: 84 active listings in the ZIP; 61 units permitted in Parke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Parke County population projected at -10% 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 $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1904 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $119,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1904 — 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. 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.
5. 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.
6. 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: 1.25% ✓
• Cap rate: 9.83%
• Cash-on-cash: 12.63%
• DSCR: 1.56
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $203,973
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
510 W York St	0.00mi	3/2.0	2,649 (0%)	1mo	$115,000	$43	99
416 W High St	0.15mi	3/2.5	2,593 (-2%)	19mo	$210,000	$81	72
302 N Jefferson St	0.31mi	3/1.0	2,452 (-7%)	6mo	$160,000	$65	64
501 N Virginia St	0.44mi	3/1.0	2,431 (-8%)	3mo	$175,000	$72	59
111 N Virginia St	0.40mi	4/2.0 (+1)	2,344 (-12%)	3mo	$115,000	$49	55
625 Woodland Dr	0.46mi	3/1.5	2,400 (-9%)	12mo	$183,750	$77	51
908 Northwood Dr	0.61mi	4/3.0 (+1)	2,706 (+2%)	11mo	$257,500	$95	50
791 S Market St	0.61mi	3/2.0	2,368 (-11%)	15mo	$325,000	$137	41

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: 2.4%
• Equity multiple: 1.09×
• Total profit: $3,095
• Equity at exit: $17,877

10-year hold

• IRR: 12.0%
• Equity multiple: 1.95×
• Total profit: $31,760
• Equity at exit: $10,367

Cash invested: $33,572 (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 47872

• Home prices YoY: -7.8%
• Active inventory: 84
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,496 medium
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,798/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $353

Break-even live

Break-even rent $1,049

Max offer price $119,900

Occupancy floor 71%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-14
   status Pending
2. 2026-05-07
   listed $119,900 Active

ⓘ 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 4/10 Moderate 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $17,953
• − Mortgage interest: −$6,716
• − Property taxes: −$1,798
• − Insurance: −$600
• − Repairs & maintenance: −$1,436
• − Management: −$1,436
• − Depreciation: −$3,488
• Taxable income: $2,478
• Est. tax owed @ 24.0%: −$595
• After-tax cash flow: $3,645/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.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations to improve its condition and increase its resale value. Upgrading the kitchen and bathrooms, replacing the carpet, and painting the exterior siding will significantly enhance its appeal.

Repairs flagged

• Moderate Kitchen cabinets — Worn and outdated appearance
• Moderate Bathroom fixtures — Dated and small
• Major Flooring — Worn and in need of replacement

Value-add opportunities

• Resale Replace carpet with hardwood flooring — Hardwood flooring is more durable and aesthetically pleasing
• Resale Replace kitchen cabinets and appliances — New cabinets and appliances will modernize the space
• Resale Replace bathroom fixtures — New fixtures will improve the bathroom's appearance and functionality
• Resale Paint exterior siding — Fresh paint will improve the home's curb appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn and outdated appearance	Moderate	$3,000–15,000
Bathroom fixtures · Dated and small	Moderate	$3,000–15,000
Flooring · Worn and in need of replacement	Major	$15,000–50,000
Total estimated repair cost · 3 items		$21,000–80,000

Value-add ROI direction

• Resale Replace carpet with hardwood flooring — Hardwood flooring is more durable and aesthetically pleasing ↑
• Resale Replace kitchen cabinets and appliances — New cabinets and appliances will modernize the space ↑
• Resale Replace bathroom fixtures — New fixtures will improve the bathroom's appearance and functionality ↑
• Resale Paint exterior siding — Fresh paint will improve the home's curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: North Central Parke Comm School Corporation
• NCES district ID: 1800118
• Math proficiency: 30% ▼ -8.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $43,739
• Composite: 29.31/100
• National rank: #6553
• State rank: #198 of 301 in IN

Livability — Rockville

• Score: 64/100
• State rank: #372
• US rank: #13880

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockville, IN
• Population (ZIP): 8,641

Population outlook (Parke County) Hauer SSP2

• Today (2025): 15,937 people
• By 2030: 15,467 · -2.9%
• By 2040: 14,793 · -7.2%
• By 2050: 14,318 · -10.2%
• By 2075: 13,484 · -15.4%
• By 2100: 12,236 · -23.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Black 3% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Iranian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 0%
• Languages at home: 92% English-only · German/W. Germanic 5% Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Parke

• 2024 margin: Solid R (+56.9) · D 20.6% · R 77.5% · Other 1.9%
• 2008→2024 swing: -42.8pp toward R · 2008: -14.1pp · 2024: -56.9pp
• All cycles: 2024: R+56.9 2020: R+55.5 2016: R+52.0 2012: R+32.6 2008: R+14.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -19.85%
• Current HPI: 234.3039
• 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

2 events — show timeline

• 2026-05-14 Pending — MIBOR as Distributed by MLS Grid
• 2026-05-07 Listed $119,900 MIBOR as Distributed by MLS Grid