4636 E 200 S · Stillwell, IN 46350

$159,900

3 bd · 1.5 ba · 1,056 sqft · SingleFamily public records · 49 Days on market

Built 1975 0.50 ac lot Est $215k · 26% 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).

• Cash flow +15.0/30.0
• ARV discount +15.0/15.0
• DSCR +4.6/10.0
• 1% rule +3.6/10.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover the possibilities at 4636 E 200 S, a ranch-style home offering a serene rural setting with sweeping farmland views to both the front and rear. Perfect for the visionary buyer or investor, this property is a diamond in the rough that is ready for a complete transformation. While the interior currently requires sweat equity and decluttering, the bones of the home offer incredible upside--including a massive basement with 8-foot ceilings that is prime for finishing into additional living space, a home gym, or an entertainment hub. Embrace the quiet country lifestyle in La Porte while building immediate equity through your own personal touches. With a spacious lot and an attached garag

Key facts

• Farmland views
• Attached garage
• Massive basement

Tags

• FARMLAND VIEWS
• MASSIVE BASEMENT
• 8 FOOT CEILINGS
• SPACIOUS LOT
• ATTACHED GARAGE
• PEACEFUL RETREAT

Property features AI

Finance

• Other: No auction
• Financial info: Property vacant (occupant: Vacant)

Exterior

• Parking: Has garage(s); 1.5 garage spaces
• Utilities: Well water; Septic tank; 200+ amp electric service
• Home design: One-story home; Built in 1975; Above-grade finished living area approximately 1,056 (per assessor)
• Construction: Partially finished basement
• Exterior features: Rural view

Interior

• Kitchen: Other appliances included
• Bedrooms: 1 total room (Living Room listed as primary room)
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central air; Ceiling fan(s); Forced air heating
• Interior features: Electric fireplace with gas log insert; Partially finished basement; Other built-in features
• Laundry & utility: 200+ amp electric service

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $50 ($602/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 $138k (13.5% below list).
• Recommended offer: $138k (13.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Laporte Community School Corporation (urban): math 37% / reading 44% proficiency, ranked #139 of 301 in IN (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 260 active listings in the ZIP; 216 units permitted in LaPorte County in 2024 (75 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• LaPorte County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.

Recommended offer $138,267 (13.5% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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: 0.86% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.34%
• DSCR: 1.06
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $215,424
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4621 E State Rd 4	0.48mi	2/1.0 (-1)	1,020 (-3%)	15mo	$208,500	$204	53

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: -14.2%
• Equity multiple: 0.49×
• Total profit: $-22,736
• Equity at exit: $23,842

10-year hold

• IRR: -5.4%
• Equity multiple: 0.65×
• Total profit: $-15,759
• Equity at exit: $13,825

Cash invested: $44,772 (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 46350

• Active inventory: 260
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,383 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$137 /mo · $1,644/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $50

Break-even live

Break-even rent $1,319

Max offer price $159,900

Occupancy floor 91%

Sensitivity live

Price	-10% $141	-5% $95	+0% $50	+5% $5	+10% $-40
Rent	-10% $-59	-5% $-4	+0% $50	+5% $105	+10% $159
Rate	-1.0pp $131	-0.5pp $91	base $50	+0.5pp $9	+1.0pp $-33

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $159,900 Active 49 DOM
2. 2026-06-18
   days on market $159,900 Active 48 DOM
3. 2026-06-17
   days on market $159,900 Active 47 DOM
4. 2026-06-16
   days on market $159,900 Active 46 DOM
5. 2026-06-15
   days on market $159,900 Active 45 DOM
6. 2026-06-14
   days on market $159,900 Active 43 DOM
7. 2026-06-13
   days on market $159,900 Active 42 DOM
8. 2026-06-10
   days on market $159,900 Active 40 DOM
9. 2026-06-09
   days on market $159,900 Active 39 DOM
10. 2026-06-08
    days on market $159,900 Active 38 DOM
11. 2026-06-07
    days on market $159,900 Active 37 DOM
12. 2026-06-05
    days on market $159,900 Active 34 DOM
13. 2026-06-02
    days on market $159,900 Active 32 DOM
14. 2026-06-01
    days on market $159,900 Active 31 DOM
15. 2026-05-31
    days on market $159,900 Active 30 DOM
16. 2026-05-30
    days on market $159,900 Active 29 DOM
17. 2026-05-01
    listed $159,900 Active

ⓘ 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: $1,644 · $137/mo
• Projected year-2 tax: $1,644 · $137/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 2/10 Low 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,592
• − Mortgage interest: −$8,957
• − Property taxes: −$1,644
• − Insurance: −$800
• − Repairs & maintenance: −$1,327
• − Management: −$1,327
• − Depreciation: −$4,652
• Taxable loss: −$2,115
• Est. tax savings @ 24.0%: +$508
• After-tax cash flow: $1,109/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: Laporte Community School Corporation
• NCES district ID: 1805580
• Math proficiency: 37% ▼ -13.00%
• Reading proficiency: 44% ▼ -11.00%
• Median HH income: $46,761
• Composite: 34.58/100
• National rank: #5162
• State rank: #139 of 301 in IN

Livability — Stillwell

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: La Porte County · 88,580 people
• Metro: Michigan City-La Porte, IN
• Population (ZIP): 44,763
• Household income: $74,307
• Rent vs Own: 23.9% rent · 76.1% own
• Severe rent burden: 835.0

Population outlook (LaPorte County) Hauer SSP2

• Today (2025): 109,757 people
• By 2030: 108,288 · -1.3%
• By 2040: 105,070 · -4.3%
• By 2050: 102,330 · -6.8%
• By 2075: 97,009 · -11.6%
• By 2100: 86,459 · -21.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 8% Black 3%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 11% Iranian 3% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 4% Russian/Polish/Slavic 1% German/W. Germanic 1%

Political lean MEDSL · LaPorte

• 2024 margin: R (+14.1) · D 42.1% · R 56.2% · Other 1.7%
• 2008→2024 swing: -19.1pp toward R · 2008: 5.0pp · 2024: -14.1pp
• All cycles: 2024: R+14.1 2020: R+7.2 2016: R+6.4 2012: D+12.6 2008: D+5.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -142.94%
• Current HPI: 209.2564
• Rent YoY: —
• Metro: Michigan City-La Porte, IN
• 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

1 event — show timeline

• 2026-05-01 Listed $159,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+6.7%/yr

Latest (2024): $1,644 · -0.3% YoY. Source: county tax records.