8832 Jackson Ct · Munster, IN 46321

$425,000

3 bd · 2.0 ba · 1,319 sqft · SingleFamily public records · 8 Days on market

Built 1974 9,775 sqft lot Est $289k · 47% over

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Why this score? — see what drove the F 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 +5.9/30.0
• Schools +5.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.5/10.0
• DSCR +0.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome Home!!! 4 Bedroom. 3 Bathroom Gorgeous Ranch. Updated and Move in ready. TWO Bedroom Suites with attached Bathrooms. HUGE Walk-in-closet. Spacious Family Room/ Den. Sprawling Laundry/ Storage Room. Stunning Kitchen with QUARTZ Counters, Stainless Steel Appliances, Beautiful Backsplash. All Bathrooms are updated. Lovely Vanities and tile. Extra deep tubs. 2 Car Garage. Fenced Yard. Gorgeous Landscaping. Patio in Backyard perfect for Summer gatherings. AMAZING Location. Less than 5 minutes from Calumet Ave, Powers Health, Shopping, Etc This Home will Not last long!

Key facts

• Quartz counters
• Two bedroom suites
• Stunning kitchen

Tags

• TWO BEDROOM SUITES
• HUGE WALK-IN-CLOSET
• SPRAWLING LAUNDRY STORAGE ROOM
• STUNNING KITCHEN
• QUARTZ COUNTERS
• STAINLESS STEEL APPLIANCES

Property features AI

Exterior

• Parking: Detached garage; Garage faces front; Off-street parking; Garage door opener; Approximately 2.5 garage spaces
• Utilities: Public water; Public sewer
• Home design: One-level home; Built in 1974
• Construction: Year built 1974
• Exterior features: Neighborhood view

Interior

• Kitchen: Dishwasher; Stainless steel appliances; Refrigerator; Microwave; Gas range; Stone countertops
• Bedrooms: Primary bedroom; Bedroom 2; Bedroom 3; Bedroom 4
• Bathrooms: 2 full bathrooms; 1 three-quarter bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
• Interior features: Double vanity; Walk-in closet(s); Stone countertops; Recessed lighting; Entrance foyer; Finished full basement with storage space and sump pump; 10 total rooms
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $425k.

Deal economics

• At list price, monthly cash flow is $-831 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $278k (34.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (44.8% below list).
• Recommended offer: $235k (44.8% below list) — sets the bar for 1% rule.
• Cap rate 3.9% vs local median 5.0% in Munster — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 81/100 on livability (#17 in IN, #1,427 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• School Town Of Munster (suburban): math 65% / reading 64% proficiency, ranked #6 of 301 in IN (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: 116 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k 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 8 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $234,510 (44.8% 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. Built in 1974 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
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: 0.55% ✗
• Cap rate: 3.95%
• Cash-on-cash: -8.38%
• DSCR: 0.63
• GRM: 15.1

CMA / ARV

• ARV (on-the-fly): $288,861
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8820 Calumet Ave	0.27mi	3/2.0	1,232 (-7%)	8mo	$269,900	$219	70
8773 Jefferson Ave	0.26mi	3/1.5	1,292 (-2%)	23mo	$285,000	$221	63
8767 Jefferson Ave	0.27mi	3/2.5	1,453 (+10%)	7mo	$283,000	$195	63
8417 Harrison Ave	0.57mi	2/1.0 (-1)	1,322 (+0%)	22mo	$280,000	$212	46
8322 Harrison Ave	0.66mi	3/1.0	1,126 (-15%)	3mo	$249,000	$221	39
8560 Forest Ave	0.65mi	2/1.0 (-1)	1,139 (-14%)	8mo	$220,000	$193	31

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: -31.1%
• Equity multiple: -0.02×
• Total profit: $-121,901
• Equity at exit: $63,369

10-year hold

• IRR: -34.5%
• Equity multiple: -0.47×
• Total profit: $-174,773
• Equity at exit: $36,746

Cash invested: $119,000 (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 46321

• Active inventory: 116
• Price-to-rent: 15.1×

Monthly cashflow live

• Estimated rent: $2,345 medium
• Mortgage (P&I): −$2,229
• Tax from tax record: −$278 /mo · $3,331/yr
• Insurance: −$177
• HOA: −$0
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $-831

Break-even live

Break-even rent $3,397

Max offer price $278,240

Occupancy floor —

Sensitivity live

Price	-10% $-590	-5% $-710	+0% $-831	+5% $-951	+10% $-1,071
Rent	-10% $-1,016	-5% $-923	+0% $-831	+5% $-738	+10% $-646
Rate	-1.0pp $-617	-0.5pp $-723	base $-831	+0.5pp $-941	+1.0pp $-1,053

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: $106,250
• Closing costs: $12,750
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1136 Camellia Dr #3 Munster, IN	2.0	1.0	1120	$1,850	$1.65	19d	1	1.09mi
18335 Sherman St Unit 3 Lansing, IL	3.0	1.0	1000	$1,700	$1.70	0d	1	1.14mi
3341 S Schultz Dr Lansing, IL	4.0	2.0	1452	$2,250	$1.55	11d	1	1.17mi
232 Gregory Ave Munster, IN	3.0	1.5	1600	$2,450	$1.53	0d	1	1.47mi

Listing history 6 events

1. 2026-06-13
   statusdays on market $425,000 Pending 8 DOM
2. 2026-06-13
   days on market $425,000 Active 7 DOM
3. 2026-06-09
   days on market $425,000 Active 4 DOM
4. 2026-06-08
   days on market $425,000 Active 3 DOM
5. 2026-06-07
   remarks 578-char remark
6. 2026-06-07
   listed $425,000 Active 2 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: $3,331 · $278/mo
• Projected year-2 tax: $3,472 · $289/mo
• Expected delta: +$141/yr (+$12/mo · 4.2%)

ⓘ 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 ≥102°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,141
• − Mortgage interest: −$23,807
• − Property taxes: −$3,331
• − Insurance: −$2,125
• − Repairs & maintenance: −$2,251
• − Management: −$2,251
• − Depreciation: −$12,364
• Taxable loss: −$17,988
• Est. tax savings @ 24.0%: +$4,317
• After-tax cash flow: $-5,652/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: School Town Of Munster
• NCES district ID: 1807350
• Math proficiency: 65% ▼ -1.00%
• Reading proficiency: 64% ▼ -4.00%
• Median HH income: $71,901
• Composite: 56.91/100
• National rank: #1115
• State rank: #6 of 301 in IN

Livability — Munster

• Score: 81/100
• State rank: #17
• US rank: #1427

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Munster, IN
• County: Lake County · 422,878 people
• City population: 23,733
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 23,733
• Household income: $110,187
• Rent vs Own: 13.0% rent · 87.0% own
• Severe rent burden: 338.0

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 14% Two or more races 8% Black 7% Asian 6%
• Hispanic origin (detail): Mexican 11% Puerto Rican 2%
• Common ancestry: Romanian 16% Iranian 4% Lithuanian 1%
• Foreign-born: 9% · Canada, South Korea, China
• Languages at home: 86% English-only · Spanish 6% Russian/Polish/Slavic 3% Other Indo-European 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: ▼ -213.34%
• Current HPI: 232.4818
• 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

1 event — show timeline

• 2026-06-05 Listed $425,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+1.1%/yr

Latest (2024): $3,331 · +1.7% YoY. Source: county tax records.