14019 Paramount Way · Cedar Lake, IN 46303

$215,000

3 bd · 1.5 ba · 1,309 sqft · Townhouse public records · 12 Days on market

Built 2015 1,870 sqft lot Est $226k · 5% under $95/mo HOA · 4% of rent

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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 +23.4/30.0
• ARV discount +9.8/15.0
• DSCR +7.5/10.0
• 1% rule +5.9/10.0
• Schools +4.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Olthof Homes presents the Anthem model Townhome. Lots of upgrades and a great price come with this 1240 sf home. On the main floor there is huge great room, along with an open concept kitchen and powder room. The kitchen includes stainless steel gas range, refrigerator, microwave, and dishwasher along with laminate flooring. The upper level has 2 large bedrooms, a full bath with chrome fixtures, and a finished laundry room. Off the kitchen is a patio that extends from the back door. The home also comes with recessed lighting, designer paint, Roman arched doors, and maple cabinetry. The attached garage comes equipped with garage door opener. The grounds are fully landscaped and maintenance free including lawncare and snow removal. Tyvek exterior wrap, sealed ductwork, 3rd party inspections, 10 year transferable warranty with industry best customer care program! THIS HOME IS READY FOR YOU NOW!

Key facts

• $95 HOA
• Garage
• Community pool

Property features AI

Finance

• HOA & community: Homeowners association with a monthly fee of $95; Community pool; HOA covers grounds maintenance, snow removal, and structure maintenance

Exterior

• Parking: 1-car garage
• Utilities: Public water; Public sewer
• Home design: Two-story attached property; Built in 2015
• Construction: Built in 2015
• Exterior features: Neighborhood view

Interior

• Kitchen: Refrigerator; Microwave
• Bedrooms: Primary bedroom; Second bedroom
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: No additional interior features listed
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $215k.

Deal economics

• At list price, monthly cash flow is $398 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Cap rate 8.5% vs local median 3.5% in Cedar Lake — 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 65/100 on livability (#354 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.
• Hanover Community School Corporation (suburban): math 49% / reading 53% proficiency, ranked #38 of 301 in IN (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 265 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).
• This rent runs 33% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lake County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 12y 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 $127k; list at $215k implies a 69% gain — meaningful room to come down on a strong offer.

Recommended offer $215,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.09% ✓
• Cap rate: 8.52%
• Cash-on-cash: 7.94%
• DSCR: 1.35
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $226,457
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14022 Paramount Way	0.03mi	2/1.5 (-1)	1,309 (0%)	6mo	$227,000	$173	89
14019 Paramount Way	0.00mi	2/1.5 (-1)	1,240 (-5%)	1mo	$215,000	$173	86
10421 Paramount Way	0.05mi	3/1.5	1,485 (+13%)	4mo	$228,000	$154	72
13956 Flagstaff St	0.06mi	3/1.5	1,450 (+11%)	10mo	$233,900	$161	71
10411 Imperial Pl	0.23mi	2/1.5 (-1)	1,240 (-5%)	8mo	$226,000	$182	69
13854 Flagstaff St	0.17mi	3/2.0	1,450 (+11%)	5mo	$235,000	$162	68
10408 Richmond Ave	0.21mi	3/2.0	1,450 (+11%)	10mo	$246,000	$170	61
14162 Magnolia St	0.32mi	2/2.5 (-1)	1,400 (+7%)	4mo	$258,500	$185	61
10500 Imperial Pl	0.24mi	2/2.0 (-1)	1,450 (+11%)	10mo	$235,000	$162	55
14086 Nantucket Dr	0.56mi	2/2.0 (-1)	1,360 (+4%)	8mo	$275,000	$202	54
10276 W 135th Pl	0.66mi	2/2.0 (-1)	1,365 (+4%)	10mo	$275,000	$201	47
10272 W 135th Ave	0.66mi	2/2.0 (-1)	1,365 (+4%)	10mo	$273,405	$200	46

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: -4.2%
• Equity multiple: 0.84×
• Total profit: $-9,453
• Equity at exit: $32,057

10-year hold

• IRR: 5.5%
• Equity multiple: 1.41×
• Total profit: $24,489
• Equity at exit: $18,589

Cash invested: $60,200 (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 46303

• Active inventory: 265
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,336 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$135 /mo · $1,617/yr
• Insurance: −$90
• HOA: −$95
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $398

Break-even live

Break-even rent $1,831

Max offer price $215,000

Occupancy floor 78%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14153 Magnolia St Cedar Lake, IN	2.0	1.5	1340	$2,500	$1.87	1d	1	0.31mi
14347 Clover Ave Cedar Lake, IN	3.0	2.0	1475	$2,775	$1.88	24d	1	0.46mi
9705 W 134th Pl Cedar Lake, IN	3.0	2.0	1656	$2,900	$1.75	15d	1	0.83mi
14630 Euclid St Unit 1UNIT A Cedar Lake, IN	2.0	2.0	1400	$2,000	$1.43	1d	1	0.90mi
13135 Schneider St Cedar Lake, IN	2.0	1.0	1100	$1,395	$1.27	7d	1	1.14mi

HOA detail

• Monthly dues: $95 · $1,140/yr
• Likely covers: gaslandscapingsnow removal

Listing history 9 events

1. 2026-04-10
   status Pending
2. 2026-03-29
   listed $215,000 Active
3. 2026-03-16
   historical
4. 2026-02-17
   price $225,500
5. 2025-12-26
   listed $229,900 Active
6. 2015-04-17
   soldstatus $127,000 905-char remark

   Show marketing remark (905 chars)

   Olthof Homes presents the Anthem model Townhome. Lots of upgrades and a great price come with this 1240 sf home. On the main floor there is huge great room, along with an open concept kitchen and powder room. The kitchen includes stainless steel gas range, refrigerator, microwave, and dishwasher along with laminate flooring. The upper level has 2 large bedrooms, a full bath with chrome fixtures, and a finished laundry room. Off the kitchen is a patio that extends from the back door. The home also comes with recessed lighting, designer paint, Roman arched doors, and maple cabinetry. The attached garage comes equipped with garage door opener. The grounds are fully landscaped and maintenance free including lawncare and snow removal. Tyvek exterior wrap, sealed ductwork, 3rd party inspections, 10 year transferable warranty with industry best customer care program! THIS HOME IS READY FOR YOU NOW!

7. 2015-01-16
   listed $129,400 905-char remark

   Show marketing remark (905 chars)

   Olthof Homes presents the Anthem model Townhome. Lots of upgrades and a great price come with this 1240 sf home. On the main floor there is huge great room, along with an open concept kitchen and powder room. The kitchen includes stainless steel gas range, refrigerator, microwave, and dishwasher along with laminate flooring. The upper level has 2 large bedrooms, a full bath with chrome fixtures, and a finished laundry room. Off the kitchen is a patio that extends from the back door. The home also comes with recessed lighting, designer paint, Roman arched doors, and maple cabinetry. The attached garage comes equipped with garage door opener. The grounds are fully landscaped and maintenance free including lawncare and snow removal. Tyvek exterior wrap, sealed ductwork, 3rd party inspections, 10 year transferable warranty with industry best customer care program! THIS HOME IS READY FOR YOU NOW!

8. 2015-01-16
   historical

   Show marketing remark (905 chars)

   Olthof Homes presents the Anthem model Townhome. Lots of upgrades and a great price come with this 1240 sf home. On the main floor there is huge great room, along with an open concept kitchen and powder room. The kitchen includes stainless steel gas range, refrigerator, microwave, and dishwasher along with laminate flooring. The upper level has 2 large bedrooms, a full bath with chrome fixtures, and a finished laundry room. Off the kitchen is a patio that extends from the back door. The home also comes with recessed lighting, designer paint, Roman arched doors, and maple cabinetry. The attached garage comes equipped with garage door opener. The grounds are fully landscaped and maintenance free including lawncare and snow removal. Tyvek exterior wrap, sealed ductwork, 3rd party inspections, 10 year transferable warranty with industry best customer care program! THIS HOME IS READY FOR YOU NOW!

9. 2014-12-05
   listed $129,400

ⓘ 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: $1,617 · $135/mo
• Projected year-2 tax: $1,722 · $144/mo
• Expected delta: +$105/yr (+$9/mo · 6.5%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $28,028
• − Mortgage interest: −$12,043
• − Property taxes: −$1,617
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,242
• − Management: −$2,242
• − HOA: −$1,140
• − Depreciation: −$6,255
• Taxable income: $1,414
• Est. tax owed @ 24.0%: −$339
• After-tax cash flow: $4,442/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: Hanover Community School Corporation
• NCES district ID: 1804350
• Math proficiency: 49% ▼ -11.00%
• Reading proficiency: 53% ▼ -7.00%
• Median HH income: $68,151
• Composite: 45.34/100
• National rank: #2637
• State rank: #38 of 301 in IN

Livability — Cedar Lake

• Score: 65/100
• State rank: #354
• US rank: #13482

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cedar Lake, IN
• County: Lake County · 422,878 people
• City population: 17,680
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 17,680
• Household income: $84,211
• Rent vs Own: 13.5% rent · 86.5% own
• Severe rent burden: 84.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 484,026 people
• By 2030: 478,091 · -1.2%
• By 2040: 462,974 · -4.3%
• By 2050: 449,894 · -7.1%
• By 2075: 436,169 · -9.9%
• By 2100: 426,607 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 16% Iranian 9% Italian 1%
• Foreign-born: 2% · China
• Languages at home: 95% English-only · Other Indo-European 2% Russian/Polish/Slavic 2% Spanish 2%

Political lean MEDSL · Lake

• 2024 margin: Lean D (+5.6) · D 52.1% · R 46.5% · Other 1.5%
• 2008→2024 swing: -28.6pp toward R · 2008: 34.3pp · 2024: 5.6pp
• All cycles: 2024: D+5.6 2020: D+15.1 2016: D+20.6 2012: D+31.0 2008: D+34.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -182.94%
• Current HPI: 267.4434
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• 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

+66.2% since first listed

9 events — show timeline

• 2026-04-10 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-03-29 Listed $215,000 NIRA MLS as Distributed by MLS Grid
• 2026-03-16 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2026-02-17 Price Changed $225,500 NIRA MLS as Distributed by MLS Grid
• 2025-12-26 Listed $229,900 NIRA MLS as Distributed by MLS Grid
• 2015-04-17 Sold (MLS) $127,000 NIRA MLS as Distributed by MLS Grid
• 2015-01-16 Listed $129,400 NIRA MLS as Distributed by MLS Grid
• 2015-01-16 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2014-12-05 Listed $129,400 NIRA MLS as Distributed by MLS Grid

Property tax history

+69.1%/yr

Latest (2024): $1,617 · +3.4% YoY. Source: county tax records.