8 E Moore St · Hanna, IN 46340

$239,900

3 bd · 1.5 ba · 1,760 sqft · SingleFamily public records · 8 Days on market

Built 1895 6,098 sqft lot Est $250k · at est.

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Why this score? — see what drove the C- 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 +15.9/30.0
• Appreciation +10.0/10.0
• ARV discount +9.3/15.0
• DSCR +4.9/10.0
• Schools +3.8/10.0
• 1% rule +3.1/10.0
• Livability +2.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Charming and well-maintained 1.5-story home offering 3 bedrooms and 1.5 baths, blending classic character with thoughtful updates. This inviting property features new carpet, an updated kitchen with modern touches, and a refreshed main bath for added comfort and style. With its functional layout and evident pride of ownership, this home is move-in ready and perfect for everyday living. Nestled in a quaint town and conveniently located close to a park and restaurants.

Key facts

• Move-in ready
• Refreshed main bath
• Close to restaurants

Tags

• UPDATED KITCHEN
• REFRESHED MAIN BATH
• MOVE-IN READY
• CLOSE TO PARK
• CLOSE TO RESTAURANTS

Property features AI

Finance

• Other: Occupant status: Vacant

Exterior

• Parking: Off-street parking; On-street parking
• Security: Carbon monoxide detector(s); Smoke detector(s)
• Utilities: Electricity connected with 200+ amp service; Natural gas connected; Well water; Septic tank sewer
• Home design: One and one-half stories; Built in 1895; Vinyl siding exterior; Asphalt shingle roof
• Construction: Vinyl siding construction; Asphalt/shingle roof; Interior-entry unfinished basement with storage space
• Exterior features: Covered, enclosed front porch; Patio/porch features; Display windows; Insulated windows; Neighborhood and rural views; Carbon monoxide and smoke detectors

Interior

• Kitchen: Refrigerator; Gas range; Range hood; Dishwasher
• Bedrooms: Primary bedroom; Two additional bedrooms
• Flooring: Hardwood; Tile; Carpet
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Laminate countertops; High ceilings; Eat-in kitchen; Bonus room; Living room; Dining room; Other flexible living space
• Laundry & utility: Washer hookup (main level); Gas dryer hookup; Washer and dryer included; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $116 ($1k/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 $195k (18.6% below list).
• Recommended offer: $195k (18.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 52/100 on livability (#650 in IN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools D+, amenities F, commute F.
• South Central Community School Corporation (rural): math 39% / reading 45% proficiency, ranked #101 of 301 in IN (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 8 active listings in the ZIP; 216 units permitted in LaPorte County in 2024 (75 in 5+ unit buildings).

Forward outlook

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• LaPorte County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $67k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $195,267 (18.6% below list)

Questions for the listing agent

1. Built in 1895 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.81% ✗
• Cap rate: 6.87%
• Cash-on-cash: 2.06%
• DSCR: 1.09
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $249,920
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
306 E Wheeler St	0.23mi	3/1.0	1,620 (-8%)	11mo	$230,000	$142	65
111 E Young St	0.28mi	3/1.0	1,550 (-12%)	3mo	$315,000	$203	63
102 E Hopper St	0.13mi	3/2.0	1,596 (-9%)	24mo	$217,000	$136	57

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.7%
• Equity multiple: 3.05×
• Total profit: $137,902
• Equity at exit: $216,121

10-year hold

• IRR: 22.6%
• Equity multiple: 6.96×
• Total profit: $400,088
• Equity at exit: $466,073

Cash invested: $67,172 (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 46340

• Home prices YoY: 8.7%
• Active inventory: 8
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,953 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$69 /mo · $829/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $116

Break-even live

Break-even rent $1,806

Max offer price $239,900

Occupancy floor 89%

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-19
   pricedays on market $239,900 Active 8 DOM
2. 2026-06-18
   days on market $249,000 Active 7 DOM
3. 2026-06-17
   days on market $249,000 Active 6 DOM
4. 2026-06-16
   days on market $249,000 Active 5 DOM
5. 2026-06-15
   days on market $249,000 Active 4 DOM
6. 2026-06-14
   days on market $249,000 Active 2 DOM
7. 2026-06-13
   remarks 471-char remark
8. 2026-06-13
   listed $249,000 Active 1 DOM

ⓘ 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: $829 · $69/mo
• Projected year-2 tax: $1,434 · $119/mo
• Expected delta: +$605/yr (+$50/mo · 73.0%)

ⓘ 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 ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,432
• − Mortgage interest: −$13,438
• − Property taxes: −$829
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,875
• − Management: −$1,875
• − Depreciation: −$6,979
• Taxable loss: −$2,762
• Est. tax savings @ 24.0%: +$663
• After-tax cash flow: $2,049/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: South Central Community School Corporation
• NCES district ID: 1802190
• Math proficiency: 39% ▼ -3.00%
• Reading proficiency: 45% ▼ -8.00%
• Median HH income: $69,255
• Composite: 37.97/100
• National rank: #4298
• State rank: #101 of 301 in IN

Livability — Hanna

• Score: 52/100
• State rank: #650
• US rank: #24903

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hanna, IN
• Population (ZIP): 1,531

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 (89%)
• Race & ethnicity: White 89% Two or more races 11% Hispanic / Latino 10%
• Hispanic origin (detail): Puerto Rican 9%
• Common ancestry: Lithuanian 10% Romanian 10% Scotch-Irish 3%

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: ▲ 18.83%
• Current HPI: 234.7752
• 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

1 event — show timeline

• 2026-06-10 Listed $249,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+6.3%/yr

Latest (2024): $829 · +8.4% YoY. Source: county tax records.