1379 Leeward Rd · Lakes of the Four Seasons, IN 46307

$314,400

4 bd · 2.0 ba · 1,920 sqft · SingleFamily public records · 72 Days on market

Built 1977 10,018 sqft lot $164/sqft · 10% below area Est $351k · 10% under $154/mo HOA · 6% of rent ↓ 2% since listing

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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).

• ARV discount +12.2/15.0
• Cash flow +9.8/30.0
• Schools +3.8/10.0
• Livability +3.5/5.0
• Rent growth +3.1/5.0
• DSCR +2.8/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

First time ever offered! This well-maintained quad-level home is ready for its next chapter and sits on a prime golf course location within the gated community of Lakes of the Four Seasons. Step inside to a spacious living and dining area that flows into the kitchen, complete with ample cabinet space and all appliances included. The home features fresh carpet throughout, offering a clean and updated feel. Upstairs, you'll find 3 generously sized bedrooms with ample closet space and a full bathroom. The lower level offers additional living space with a cozy brick fireplace and a 4th bedroom, while the unfinished basement provides great potential for future expansion. Enjoy the added benefit of low taxes along with resort-style living, including access to an 18-hole golf course, multiple lakes, beaches, community pool, pickleball courts, playgrounds, fishing, golf cart-friendly streets, and more!

Key facts

• Gated community
• Golf course location
• Pickleball courts

Tags

• GOLF COURSE LOCATION
• GATED COMMUNITY
• AMPLE CABINET SPACE
• COZY BRICK FIREPLACE
• COMMUNITY POOL
• PICKLEBALL COURTS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $314k.

Deal economics

• At list price, monthly cash flow is $-199 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $279k (11.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (22.6% below list).
• Recommended offer: $243k (22.6% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 3.4% in Lakes of the Four Seasons — 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 69/100 on livability (#190 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools D-, amenities F, commute F.
• Porter Township School Corporation (rural): math 33% / reading 49% proficiency, ranked #103 of 301 in IN (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+2.5%/yr); 739 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 542 units permitted in Porter County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Porter County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($296k) is reasonable based on typical stale-listing flexibility.

Recommended offer $243,280 (22.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.77% ✗
• Cap rate: 5.53%
• Cash-on-cash: -2.71%
• DSCR: 0.88
• GRM: 10.8

CMA / ARV

• ARV (median comp): $351,150
• List price: $314,400
• Delta: -10.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1275 Brandywine Rd	0.42mi	4/2.0	1,962 (+2%)	10mo	$338,000	$172	69
1293 Brandywine Rd	0.29mi	3/2.5 (-1)	1,806 (-6%)	1mo	$250,000	$138	68
1150 Sunnyslope Dr	0.02mi	3/2.5 (-1)	2,072 (+8%)	13mo	$350,000	$169	68
1515 Happy Valley Rd	0.37mi	3/2.5 (-1)	1,985 (+3%)	7mo	$325,000	$164	64
1397 Brandywine Rd	0.41mi	3/1.5 (-1)	1,840 (-4%)	5mo	$207,000	$113	62
1343 Brandywine Rd	0.23mi	4/3.0	1,824 (-5%)	18mo	$339,900	$186	62
1340 Brandywine Rd	0.18mi	4/2.0	2,154 (+12%)	12mo	$315,000	$146	61
1586 Sunnyslope Dr	0.49mi	3/1.5 (-1)	1,848 (-4%)	4mo	$290,000	$157	60
1588 Sunnyslope Dr	0.50mi	4/2.5	2,040 (+6%)	8mo	$450,000	$221	58
1511 Ivygate Ct	0.38mi	3/2.0 (-1)	2,088 (+9%)	10mo	$330,000	$158	54
3646 St Andrews Ct	0.70mi	3/2.0 (-1)	1,990 (+4%)	15mo	$314,000	$158	44
744 Cirque Dr	0.74mi	3/2.0 (-1)	2,208 (+15%)	17mo	$648,174	$294	21

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 · 2.53% rent growth · sell at horizon

5-year hold

• IRR: -21.3%
• Equity multiple: 0.26×
• Total profit: $-64,737
• Equity at exit: $46,878

10-year hold

• IRR: -16.0%
• Equity multiple: 0.12×
• Total profit: $-77,297
• Equity at exit: $27,184

Cash invested: $88,032 (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 46307

• Rents YoY: 2.5%
• Active inventory: 739
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,433 medium
• Mortgage (P&I): −$1,649
• Tax from tax record: −$187 /mo · $2,241/yr
• Insurance: −$131
• HOA: −$154
• Vacancy / Maint / Mgmt: −$511
• Net cashflow: $-199

Break-even live

Break-even rent $2,684

Max offer price $279,313

Occupancy floor —

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: $78,600
• Closing costs: $9,432
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1586 Sunnyslope Dr Crown Point, IN	3.0	1.5	1848	$2,400	$1.30	1d	1	0.49mi
3788 Kingsway Dr Crown Point, IN	3.0	2.0	1300	$2,350	$1.81	1d	1	1.04mi
10859 Park St Unit Park Crown Point, IN	3.0	2.0	1600	$2,200	$1.38	22d	1	1.41mi
10859 Park St Crown Point, IN	3.0	2.0	1800	$2,200	$1.22	1d	1	1.41mi

HOA detail

• Monthly dues: $154 · $1,848/yr
• Likely covers: landscapingpoolsecurity

Listing history 15 events

1. 2026-06-18
   days on market $314,400 Active 72 DOM
2. 2026-06-17
   days on market $314,400 Active 71 DOM
3. 2026-06-16
   days on market $314,400 Active 70 DOM
4. 2026-06-15
   days on market $314,400 Active 69 DOM
5. 2026-06-13
   days on market $314,400 Active 67 DOM
6. 2026-06-09
   days on market $314,400 Active 63 DOM
7. 2026-06-08
   days on market $314,400 Active 62 DOM
8. 2026-06-07
   days on market $314,400 Active 61 DOM
9. 2026-06-04
   days on market $314,400 Active 58 DOM
10. 2026-06-03
    days on market $314,400 Active 57 DOM
11. 2026-06-02
    days on market $314,400 Active 56 DOM
12. 2026-06-01
    days on market $314,400 Active 55 DOM
13. 2026-05-31
    days on market $314,400 Active 54 DOM
14. 2026-05-02
    price $314,400 907-char remark

    Show marketing remark (907 chars)

    First time ever offered! This well-maintained quad-level home is ready for its next chapter and sits on a prime golf course location within the gated community of Lakes of the Four Seasons. Step inside to a spacious living and dining area that flows into the kitchen, complete with ample cabinet space and all appliances included. The home features fresh carpet throughout, offering a clean and updated feel. Upstairs, you'll find 3 generously sized bedrooms with ample closet space and a full bathroom. The lower level offers additional living space with a cozy brick fireplace and a 4th bedroom, while the unfinished basement provides great potential for future expansion. Enjoy the added benefit of low taxes along with resort-style living, including access to an 18-hole golf course, multiple lakes, beaches, community pool, pickleball courts, playgrounds, fishing, golf cart-friendly streets, and more!

15. 2026-04-07
    listed $319,900 Active 907-char remark

    Show marketing remark (907 chars)

    First time ever offered! This well-maintained quad-level home is ready for its next chapter and sits on a prime golf course location within the gated community of Lakes of the Four Seasons. Step inside to a spacious living and dining area that flows into the kitchen, complete with ample cabinet space and all appliances included. The home features fresh carpet throughout, offering a clean and updated feel. Upstairs, you'll find 3 generously sized bedrooms with ample closet space and a full bathroom. The lower level offers additional living space with a cozy brick fireplace and a 4th bedroom, while the unfinished basement provides great potential for future expansion. Enjoy the added benefit of low taxes along with resort-style living, including access to an 18-hole golf course, multiple lakes, beaches, community pool, pickleball courts, playgrounds, fishing, golf cart-friendly streets, and more!

ⓘ 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: $2,241 · $187/mo
• Projected year-2 tax: $2,457 · $205/mo
• Expected delta: +$216/yr (+$18/mo · 9.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°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 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,194
• − Mortgage interest: −$17,611
• − Property taxes: −$2,241
• − Insurance: −$1,572
• − Repairs & maintenance: −$2,335
• − Management: −$2,335
• − HOA: −$1,848
• − Depreciation: −$9,146
• Taxable loss: −$7,896
• Est. tax savings @ 24.0%: +$1,895
• After-tax cash flow: $-488/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: Porter Township School Corporation
• NCES district ID: 1809180
• Math proficiency: 33% ▼ -7.00%
• Reading proficiency: 49% ▼ -4.00%
• Median HH income: $77,819
• Composite: 37.92/100
• National rank: #4311
• State rank: #103 of 301 in IN

Livability — Lakes of the Four Seasons

• Score: 69/100
• State rank: #190
• US rank: #8734

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakes of the Four Seasons, IN
• County: Lake County · 422,878 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 71,673
• Household income: $107,800
• Rent vs Own: 12.0% rent · 88.0% own
• Severe rent burden: 705.0

Population outlook (Porter County) Hauer SSP2

• Today (2025): 177,804 people
• By 2030: 181,552 · +2.1%
• By 2040: 185,830 · +4.5%
• By 2050: 187,498 · +5.5%
• By 2075: 189,585 · +6.6%
• By 2100: 183,722 · +3.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 12% Two or more races 10% Black 7% Asian 2%
• Hispanic origin (detail): Mexican 9% Puerto Rican 1%
• Common ancestry: Romanian 12% Iranian 3% Lithuanian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 5% Russian/Polish/Slavic 3% Other Indo-European 1%

Political lean MEDSL · Porter

• 2024 margin: R (+10.5) · D 43.8% · R 54.3% · Other 1.8%
• 2008→2024 swing: -17.7pp toward R · 2008: 7.2pp · 2024: -10.5pp
• All cycles: 2024: R+10.5 2020: R+6.1 2016: R+6.8 2012: D+3.8 2008: D+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -164.91%
• Current HPI: 226.0335
• Rent YoY: ▲ 2.53%
• 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

-1.7% since first listed

2 events — show timeline

• 2026-05-02 Price Changed $314,400 NIRA MLS as Distributed by MLS Grid
• 2026-04-07 Listed $319,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+7.7%/yr

Latest (2024): $2,241 · +22.1% YoY. Source: county tax records.