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4247 W 19th Pl
B+ Composite 78.76
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 +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Rent growth +5.0/5.0
  • Condition / age +3.8/5.0
  • Livability +3.7/5.0
  • Schools +1.4/10.0
  • Appreciation +0.0/10.0

$85,000

4247 W 19th Pl · Gary, IN 46404
2 bd · 1.0 ba · 825 sqft · SingleFamily public records · 163 Days on market
Built 1955 Good condition 5,837 sqft lot $103/sqft · 19% below area Est $105k · 19% under ↓ 5% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Welcome to this charming and well-maintained home located at 4247 W 19th Place in Gary! This inviting property offers a perfect blend of comfort, functionality, and value--ideal for homeowners or investors alike. Home features 3 bedrooms and one full bath. Outside, enjoy a sizable yard with room for gardening, recreation, or future enhancements.

Key facts

  • Sizable yard
  • Room for recreation
  • Room for gardening

Tags

SIZABLE YARDROOM FOR GARDENINGROOM FOR RECREATION

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

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

Deal economics

  • At list price, monthly cash flow is $442 ($5k/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 12.5% vs local median 8.9% in Gary — 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 73/100 on livability (#105 in IN) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, crime F, employment F.
  • Gary Community School Corporation (urban): math 3% / reading 11% proficiency, ranked #299 of 301 in IN (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising fast (+11.6%/yr); 126 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).
  • This rent runs 38% of the median local income ($42k/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 $588 of loan paydown is wiped out by about $3k 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.
  • At projected returns (-3.0% appreciation + 8.0% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 163 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $15k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $74,800 (12.0% below list)

Questions for the listing agent

  1. It's been on market 163 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 1955 — 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 F-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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
  7. 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.
  8. 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.
  9. 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
1.58%
Cap rate
12.54%
Cash-on-cash
22.30%
DSCR
1.99
GRM
5.3

CMA / ARV

ARV (median comp)
$104,750
List price
$85,000
Delta
-18.85%
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
1121 Wright St 0.55mi 2/1.0 825 (0%) 1mo $100,000 $121 73
1945 Lane St 0.11mi 3/1.0 (+1) 925 (+12%) 7mo $50,000 $54 64
2016 Wright St 0.20mi 3/2.0 (+1) 925 (+12%) 3mo $105,000 $114 59
4082 W 21st Pl 0.28mi 3/1.0 (+1) 941 (+14%) 4mo $129,900 $138 55
1125 Durbin St 0.72mi 2/2.5 814 (-1%) 4mo $32,500 $40 55
4144 W 23rd Ave 0.45mi 3/1.5 (+1) 900 (+9%) 4mo $80,000 $89 53
4310 W 22nd Pl 0.35mi 3/1.0 (+1) 941 (+14%) 3mo $129,000 $137 53
4633 W 11th Ave 0.59mi 2/1.0 720 (-13%) 4mo $65,000 $90 48
1168 Hovey St 0.56mi 2/1.0 931 (+13%) 7mo $42,000 $45 47
1075 Mount St 0.73mi 3/1.0 (+1) 884 (+7%) 5mo $70,000 $79 45
973 Williams St 0.72mi 2/1.0 916 (+11%) 4mo $55,000 $60 44
1755 Ralston St 0.63mi 2/1.0 701 (-15%) 2mo $135,000 $193 44

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 · 8.0% rent growth · sell at horizon

5-year hold
IRR
20.8%
Equity multiple
1.90×
Total profit
$21,521
Equity at exit
$12,674
10-year hold
IRR
32.2%
Equity multiple
4.67×
Total profit
$87,441
Equity at exit
$7,349

Cash invested: $23,800 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
24 active · 9 under contract
Months of supply
11.1 mo (9%/mo absorbed)
Median asking
$110,000 ($126/sqft)
Median days on market
53 d
This list price
33% of active listings are priced below it
ARV vs active asking
+1.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 46404

Home prices YoY
-4.8%
Rents YoY
11.6%
Active inventory
126
Price-to-rent
5.3×

Monthly cashflow live

Estimated rent
$1,342 high interval (Pro) →
Mortgage (P&I)
$446
Tax from tax record
$137 /mo · $1,640/yr
Insurance
$35
HOA
$0
Vacancy / Maint / Mgmt
$282
Net cashflow
$442

Break-even live

Break-even rent $782
Max offer price $85,000
Occupancy floor 62%

Sensitivity live

Price -10% $490 -5% $466 +0% $442 +5% $418 +10% $394
Rent -10% $336 -5% $389 +0% $442 +5% $495 +10% $548
Rate -1.0pp $485 -0.5pp $464 base $442 +0.5pp $420 +1.0pp $398

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
$21,250
Closing costs
$2,550
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 28 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
4420 W 19th Plz Gary, IN 3.0 1.0 981 $1,350 $1.38 0d 1 0.10mi
4421 W 20th Ave Gary, IN 3.0 1.0 1105 $1,500 $1.36 24d 1 0.14mi
4061 W 20th Pl Gary, IN 3.0 1.0 925 $1,450 $1.57 80d 1 0.25mi
4401 W 21st Ave Gary, IN 3.0 1.0 980 $1,450 $1.48 0d 1 0.26mi
4300 W 22nd Pl Gary, IN 3.0 1.0 977 $1,395 $1.43 97d 1 0.37mi
4134 W 22nd Pl Gary, IN 3.0 1.0 825 $1,395 $1.69 94d 1 0.38mi
4328 W 22nd Plz Gary, IN 3.0 1.0 950 $1,300 $1.37 98d 1 0.42mi
2248 Williams St Gary, IN 3.0 1.0 900 $1,250 $1.39 19d 1 0.46mi
2232 Whitcomb St Gary, IN 3.0 1.0 950 $1,200 $1.26 26d 1 0.47mi
1755 Ralston St Gary, IN 2.0 1.0 701 $1,500 $2.14 34d 1 0.63mi
1008 Hovey St Unit ATK Gary, IN 3.0 1.0 957 $1,295 $1.35 49d 1 0.71mi
1008 Hovey St Gary, IN 3.0 1.0 957 $1,395 $1.46 0d 1 0.71mi
1043 Mount St Gary, IN 3.0 1.0 750 $1,200 $1.60 59d 1 0.74mi
1531 Taney Pl Unit 3 Gary, IN 2.0 1.0 900 $975 $1.08 67d 1 0.85mi
1531 Taney Pl Gary, IN 2.0 1.0 900 $1,045 $1.16 97d 1 0.85mi
2939 W 10th Ave Gary, IN 2.0 1.0 744 $1,100 $1.48 0d 1 1.03mi
1341 Marshall St Unit 2F Gary, IN 2.0 1.0 1000 $1,250 $1.25 54d 1 1.06mi
743 Hanley St Gary, IN 3.0 1.0 800 $1,350 $1.69 0d 1 1.11mi
1595 Ellsworth St Gary, IN 2.0 1.0 868 $1,100 $1.27 97d 1 1.14mi
1595 Ellsworth St Unit 1 Gary, IN 2.0 1.0 868 $1,100 $1.27 44d 1 1.14mi
1361 Ellsworth St Gary, IN 2.0 1.0 1001 $1,250 $1.25 0d 1 1.18mi
1361 Ellsworth St Gary, IN 2.0 1.0 1001 $1,250 $1.25 3d 1 1.18mi
2264 Taft St Gary, IN 2.0 1.0 800 $1,275 $1.59 59d 1 1.31mi
2059 Roosevelt Pl Gary, IN 3.0 2.0 1120 $1,675 $1.50 0d 1 1.34mi
2280 Roosevelt Pl Gary, IN 3.0 1.0 864 $1,560 $1.81 86d 1 1.38mi
2602 W 6th Ave Gary, IN 2.0 1.0 750 $990 $1.32 87d 1 1.46mi
2301 Waverly Dr Unit 2677 Gary, IN 2.0 1.0 750 $990 $1.32 42d 1 1.48mi
2301 Waverly Dr Unit 2459 Gary, IN 2.0 1.0 750 $990 $1.32 0d 1 1.48mi

Property features AI

Finance

Other
Living area reported as 825 (source: Assessor)Occupant status: Vacant
Financial info
No investor or income/expense details listed
HOA & community
No HOA information listed

Exterior

Parking
No parking information listed
Security
No security features listed
Utilities
Public waterPublic sewerElectrical service with circuit breakers
Home design
One-story propertyBuilt in 1955
Construction
No construction material or roof information listedNo foundation information listed
Exterior features
Neighborhood view

Interior

Kitchen
No appliances listed
Bedrooms
Primary bedroomBedroom 2Bedroom 3
Flooring
No flooring information listed
Bathrooms
1 full bathroom
Heating & cooling
Forced air heating (natural gas)No cooling system
Interior features
No notable interior features listedTotal of 5 rooms including living areas and bedrooms
Laundry & utility
No laundry or utility appliances listed

Listing history 50 events

  1. 2026-09-23
    days on market $85,000 Active 163 DOM
  2. 2026-09-22
    days on market $85,000 Active 162 DOM
  3. 2026-09-21
    days on market $85,000 Active 161 DOM
  4. 2026-09-20
    days on market $85,000 Active 160 DOM
  5. 2026-09-19
    days on market $85,000 Active 159 DOM
  6. 2026-09-18
    days on market $85,000 Active 158 DOM
  7. 2026-09-17
    days on market $85,000 Active 157 DOM
  8. 2026-09-16
    days on market $85,000 Active 156 DOM
  9. 2026-09-15
    days on market $85,000 Active 155 DOM
  10. 2026-09-14
    days on market $85,000 Active 154 DOM
  11. 2026-09-13
    days on market $85,000 Active 153 DOM
  12. 2026-09-12
    days on market $85,000 Active 152 DOM
  13. 2026-09-12
    price $85,000 Active 151 DOM
  14. 2026-09-11
    days on market $89,000 Active 151 DOM
  15. 2026-09-05
    days on market $89,000 Active 145 DOM
  16. 2026-09-04
    days on market $89,000 Active 144 DOM
  17. 2026-09-02
    days on market $89,000 Active 142 DOM
  18. 2026-08-31
    days on market $89,000 Active 140 DOM
  19. 2026-08-29
    days on market $89,000 Active 138 DOM
  20. 2026-08-28
    days on market $89,000 Active 137 DOM
  21. 2026-08-27
    days on market $89,000 Active 136 DOM
  22. 2026-08-26
    days on market $89,000 Active 135 DOM
  23. 2026-08-25
    days on market $89,000 Active 134 DOM
  24. 2026-08-24
    days on market $89,000 Active 133 DOM
  25. 2026-08-23
    days on market $89,000 Active 132 DOM
  26. 2026-08-22
    days on market $89,000 Active 131 DOM
  27. 2026-08-21
    days on market $89,000 Active 130 DOM
  28. 2026-08-20
    days on market $89,000 Active 129 DOM
  29. 2026-08-19
    days on market $89,000 Active 128 DOM
  30. 2026-08-18
    days on market $89,000 Active 127 DOM
  31. 2026-08-17
    days on market $89,000 Active 126 DOM
  32. 2026-08-16
    days on market $89,000 Active 125 DOM
  33. 2026-08-15
    days on market $89,000 Active 124 DOM
  34. 2026-08-14
    days on market $89,000 Active 123 DOM
  35. 2026-08-13
    days on market $89,000 Active 122 DOM
  36. 2026-08-12
    days on market $89,000 Active 121 DOM
  37. 2026-08-11
    days on market $89,000 Active 120 DOM
  38. 2026-08-10
    days on market $89,000 Active 119 DOM
  39. 2026-08-09
    days on market $89,000 Active 118 DOM
  40. 2026-08-08
    days on market $89,000 Active 117 DOM
  41. 2026-08-06
    days on market $89,000 Active 115 DOM
  42. 2026-08-05
    price $89,000 Active 114 DOM
  43. 2026-08-05
    days on market $95,000 Active 114 DOM
  44. 2026-08-04
    days on market $95,000 Active 113 DOM
  45. 2026-08-03
    days on market $95,000 Active 112 DOM
  46. 2026-07-31
    days on market $95,000 Active 109 DOM
  47. 2026-07-30
    days on market $95,000 Active 107 DOM
  48. 2026-07-28
    days on market $95,000 Active 106 DOM
  49. 2026-07-26
    days on market $95,000 Active 104 DOM
  50. 2026-07-24
    days on market $95,000 Active 102 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
$1,640 · $137/mo
Projected year-2 tax
$1,640 · $137/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 3/10 Moderate
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$16,102
− Mortgage interest
−$4,761
− Property taxes
−$1,640
− Insurance
−$425
− Repairs & maintenance
−$1,288
− Management
−$1,288
− Depreciation
−$2,473
Taxable income
$4,227
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,014
After-tax cash flow
$4,292/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.

Condition & rehab AI · 9 photos

Good 75/100 Cosmetic rehab Est. rehab $4,125–$12,375 screening

This well-maintained single-family home offers a good investment opportunity with minimal repairs needed and potential for value increases through cosmetic updates.

Value-add opportunities

  • Both Painting the exterior siding — Fresh paint can enhance curb appeal and property value.
  • Both Landscaping improvements — A well-maintained yard can increase both resale and rental value.
  • Both HVAC maintenance — Regular maintenance ensures the system runs efficiently and can add to the property's value.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 14/100

Zoned Schools

Elementary Frankie Woods Mccullough Academy F IN #970/994 Nat'l #40,579/41,679 High West Side Leadership Academy F IN #339/369 Nat'l #13,633/17,239

Schools (NCES district)

District
Gary Community School Corporation
NCES district ID
1803870
Math proficiency
3% ▼ -10.00%
Reading proficiency
11% ▼ -6.00%
Median HH income
$27,739
Composite
4.98/100
National rank
#10039
State rank
#299 of 301 in IN
B Composite livability gradescore 73/100

Livability — Gary

Score
73/100
State rank
#105
US rank
#5592

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Gary, IN
County
Lake County · 484,026 people
City population
63,701
Metro
Chicago-Naperville-Elgin, IL-IN-WI
Population (ZIP)
15,428
Household income
$42,256
Rent vs Own
43.6% rent · 56.4% own
Severe rent burden
8% of renters

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 Black (90%)
Race & ethnicity
Black 90% Two or more races 5% Hispanic / Latino 5% White 1%
Foreign-born
1% · Canada
Languages at home
99% English-only · Spanish 1%

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

Price history

-5.0% since first listed
4 events — show timeline
  • 2026-06-17 Relisted NIRA MLS as Distributed by MLS Grid
  • 2026-06-06 Pending NIRA MLS as Distributed by MLS Grid
  • 2026-05-13 Price Changed $95,000 NIRA MLS as Distributed by MLS Grid
  • 2026-04-02 Listed $100,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+0.6%/yr

Latest (2024): $1,640 · +95.4% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…