619 Lane St · North Judson, IN 46366

$84,900

2 bd · 1.0 ba · 1,290 sqft · SingleFamily public records · 261 Days on market

Built 1910 8,712 sqft lot $66/sqft · 50% below area Est $168k · 50% 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 +28.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Three bedroom, one bath home in the town of North Judson. Nice possibilities as a primary home or investment property.

Key facts

• 8,712 sq ft lot
• Built 1910
• Listed 261 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 3.7% in North Judson — 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 63/100 on livability (#423 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, schools D-, amenities F.
• North Judson-San Pierre School Corporation (rural): math 30% / reading 35% proficiency, ranked #218 of 301 in IN (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 38 active listings in the ZIP; 58 units permitted in Starke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Starke County population projected at -23% 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 $24k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 261 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 25y 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 $20k; list at $85k implies a 324% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 261 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 10.14%
• Cash-on-cash: 13.74%
• DSCR: 1.61
• GRM: 6.7

CMA / ARV

• ARV (median comp): $168,218
• List price: $84,900
• Delta: -49.53%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 Sheridan Ave	0.35mi	3/2.5 (+1)	1,274 (-1%)	4mo	$212,400	$167	67
408 Keller Ave	0.15mi	3/1.0 (+1)	1,164 (-10%)	6mo	$93,000	$80	66
305 Garden St	0.53mi	2/1.0	1,158 (-10%)	2mo	$167,000	$144	57
204 E State Rd	0.42mi	3/1.0 (+1)	1,231 (-5%)	14mo	$195,000	$158	56
706 Laurel St	0.45mi	2/2.0	1,344 (+4%)	15mo	$144,900	$108	55
205 Silver St	0.52mi	3/2.0 (+1)	1,377 (+7%)	6mo	$45,000	$33	50
218 Park Ave	0.39mi	3/1.5 (+1)	1,473 (+14%)	12mo	$72,000	$49	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: 3.9%
• Equity multiple: 1.15×
• Total profit: $3,583
• Equity at exit: $12,659

10-year hold

• IRR: 13.4%
• Equity multiple: 2.07×
• Total profit: $25,460
• Equity at exit: $7,341

Cash invested: $23,772 (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 46366

• Home prices YoY: -12.7%
• Active inventory: 38
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,063 medium
• Mortgage (P&I): −$445
• Tax from tax record: −$87 /mo · $1,046/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $272

Break-even live

Break-even rent $719

Max offer price $84,900

Occupancy floor 69%

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $84,900 Active 261 DOM
2. 2026-06-17
   days on market $84,900 Active 260 DOM
3. 2026-06-16
   days on market $84,900 Active 259 DOM
4. 2026-06-15
   days on market $84,900 Active 258 DOM
5. 2026-06-13
   days on market $84,900 Active 256 DOM
6. 2026-06-12
   days on market $84,900 Active 255 DOM
7. 2026-06-09
   days on market $84,900 Active 252 DOM
8. 2026-06-08
   days on market $84,900 Active 251 DOM
9. 2026-06-07
   days on market $84,900 Active 250 DOM
10. 2026-06-05
    days on market $84,900 Active 248 DOM
11. 2026-06-04
    days on market $84,900 Active 246 DOM
12. 2026-06-02
    days on market $84,900 Active 245 DOM
13. 2026-06-01
    days on market $84,900 Active 244 DOM
14. 2026-05-31
    days on market $84,900 Active 243 DOM
15. 2026-05-31
    days on market $84,900 Active 242 DOM
16. 2025-12-08
    status Active 118-char remark

    Show marketing remark (118 chars)

    Three bedroom, one bath home in the town of North Judson. Nice possibilities as a primary home or investment property.

17. 2025-12-01
    status Pending 118-char remark

    Show marketing remark (118 chars)

    Three bedroom, one bath home in the town of North Judson. Nice possibilities as a primary home or investment property.

18. 2025-09-23
    listed $84,900 Active 118-char remark

    Show marketing remark (118 chars)

    Three bedroom, one bath home in the town of North Judson. Nice possibilities as a primary home or investment property.

19. 2014-09-09
    historical
20. 2014-09-09
    historical
21. 2010-11-05
    soldstatus $20,000
22. 2001-10-06
    listed $49,900
23. 2001-10-06
    listed $49,900

ⓘ 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: $1,046 · $87/mo
• Projected year-2 tax: $1,046 · $87/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 · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,759
• − Mortgage interest: −$4,756
• − Property taxes: −$1,046
• − Insurance: −$424
• − Repairs & maintenance: −$1,021
• − Management: −$1,021
• − Depreciation: −$2,470
• Taxable income: $2,021
• Est. tax owed @ 24.0%: −$485
• After-tax cash flow: $2,781/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: North Judson-San Pierre School Corporation
• NCES district ID: 1807800
• Math proficiency: 30% ▼ -10.00%
• Reading proficiency: 35% ▲ 3.00%
• Median HH income: $42,731
• Composite: 27.57/100
• National rank: #6940
• State rank: #218 of 301 in IN

Livability — North Judson

• Score: 63/100
• State rank: #423
• US rank: #15224

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Judson, IN
• City population: 5,672
• Population (ZIP): 5,672

Population outlook (Starke County) Hauer SSP2

• Today (2025): 21,860 people
• By 2030: 21,024 · -3.8%
• By 2040: 19,041 · -12.9%
• By 2050: 16,881 · -22.8%
• By 2075: 11,880 · -45.7%
• By 2100: 7,217 · -67.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 5% Two or more races 3% Asian 1%
• Common ancestry: Romanian 5% Iranian 3% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Starke

• 2024 margin: Solid R (+52.0) · D 23.2% · R 75.3% · Other 1.5%
• 2008→2024 swing: -55.3pp toward R · 2008: 3.2pp · 2024: -52.0pp
• All cycles: 2024: R+52.0 2020: R+46.8 2016: R+42.0 2012: R+10.6 2008: D+3.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.58%
• Current HPI: 224.7809
• 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

+70.1% since first listed

8 events — show timeline

• 2025-12-08 Relisted — NIRA MLS as Distributed by MLS Grid
• 2025-12-01 Pending — NIRA MLS as Distributed by MLS Grid
• 2025-09-23 Listed $84,900 NIRA MLS as Distributed by MLS Grid
• 2014-09-09 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2014-09-09 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2010-11-05 Sold (Public Records) $20,000 Public Records
• 2001-10-06 Listed $49,900 NIRA MLS as Distributed by MLS Grid
• 2001-10-06 Listed $49,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+18.3%/yr

Latest (2024): $1,046 · +9.0% YoY. Source: county tax records.