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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

$80,000

4247 W 19th Pl · Gary, IN 46404
2 bd · 1.0 ba · 825 sqft · SingleFamily public records · 38 Days on market
Built 1955 Good condition 5,662 sqft lot $97/sqft · 24% below area Est $105k · 24% under ↓ 20% 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 $80k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $488 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $80k).
  • Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
  • Cap rate 13.6% vs local median 9.0% 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); 154 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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 39% 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 $553 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 38 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $5k (6%) 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 $77,600 (3.0% below list)

Questions for the listing agent

  1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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?
  5. 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?
  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
1.70% ✓
Cap rate
13.61%
Cash-on-cash
26.14%
DSCR
2.16
GRM
4.9

CMA / ARV

ARV (median comp)
$104,750
List price
$80,000
Delta
-23.63%
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
1962 Whitcomb St 0.24mi 3/1.0 (+1) 825 (0%) 1mo $115,000 $139 84
1121 Wright St 0.55mi 2/1.0 825 (0%) 3mo $100,000 $121 72
2016 Wright St 0.20mi 3/2.0 (+1) 925 (+12%) 4mo $105,000 $114 58
4082 W 21st Pl 0.28mi 3/1.0 (+1) 941 (+14%) 5mo $129,900 $138 54
1125 Durbin St 0.72mi 2/2.5 814 (-1%) 6mo $32,500 $40 54
4144 W 23rd Ave 0.45mi 3/1.5 (+1) 900 (+9%) 6mo $80,000 $89 52
4310 W 22nd Pl 0.35mi 3/1.0 (+1) 941 (+14%) 4mo $129,000 $137 52
4633 W 11th Ave 0.59mi 2/1.0 720 (-13%) 6mo $65,000 $90 46
1168 Hovey St 0.56mi 2/1.0 931 (+13%) 8mo $42,000 $45 46
1075 Mount St 0.73mi 3/1.0 (+1) 884 (+7%) 6mo $70,000 $79 44
973 Williams St 0.72mi 2/1.0 916 (+11%) 6mo $55,000 $60 43
1755 Ralston St 0.63mi 2/1.0 701 (-15%) 4mo $135,000 $193 42

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
25.6%
Equity multiple
2.13×
Total profit
$25,362
Equity at exit
$11,928
10-year hold
IRR
36.4%
Equity multiple
5.24×
Total profit
$95,079
Equity at exit
$6,917

Cash invested: $22,400 (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
21 active · 17 under contract
Months of supply
10.5 mo (10%/mo absorbed)
Median asking
$100,000 ($115/sqft)
Median days on market
69 d
This list price
29% of active listings are priced below it
ARV vs active asking
+10.8% above 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
154
Price-to-rent
4.9×

Monthly cashflow live

Estimated rent
$1,364 high interval (Pro) →
Mortgage (P&I)
−$420
Tax from tax record
−$137 /mo · $1,640/yr
Insurance
−$33
HOA
−$0
Vacancy / Maint / Mgmt
−$286
Net cashflow
$488

Break-even live

Break-even rent $746
Max offer price $80,000
Occupancy floor 59%

Sensitivity live

Price -10% $533 -5% $511 +0% $488 +5% $465 +10% $443
Rent -10% $380 -5% $434 +0% $488 +5% $542 +10% $596
Rate -1.0pp $528 -0.5pp $508 base $488 +0.5pp $467 +1.0pp $446

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
$20,000
Closing costs
$2,400
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 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
4417 W 19th Ave Gary, IN 3.0 1.0 825 $1,295 $1.57 0d 1 0.09mi
4420 W 19th Plz Gary, IN 3.0 1.0 981 $1,350 $1.38 0d 1 0.10mi
4138 W 20th Ave Gary, IN 3.0 1.0 981 $1,550 $1.58 0d 1 0.13mi
4421 W 20th Ave Gary, IN 3.0 1.0 1105 $1,500 $1.36 70d 1 0.14mi
4061 W 20th Pl Gary, IN 3.0 1.0 925 $1,450 $1.57 126d 1 0.25mi
4401 W 21st Ave Gary, IN 3.0 1.0 980 $1,450 $1.48 12d 1 0.26mi
4401 W 21st Ave Gary, IN 3.0 1.0 980 $1,450 $1.48 0d 1 0.26mi
4401 W 21st Ave Gary, IN 3.0 1.0 980 $1,450 $1.48 43d 1 0.26mi
4300 W 22nd Pl Gary, IN 3.0 1.0 977 $1,395 $1.43 143d 1 0.37mi
4134 W 22nd Pl Gary, IN 3.0 1.0 825 $1,395 $1.69 139d 1 0.38mi
4233 W 22nd Pl Gary, IN 3.0 1.0 941 $1,295 $1.38 5d 1 0.40mi
4328 W 22nd Plz Gary, IN 3.0 1.0 950 $1,300 $1.37 143d 1 0.42mi
2248 Williams St Gary, IN 3.0 1.0 900 $1,250 $1.39 65d 1 0.46mi
2232 Whitcomb St Gary, IN 3.0 1.0 950 $1,200 $1.26 72d 1 0.47mi
1755 Ralston St Gary, IN 2.0 1.0 701 $1,500 $2.14 79d 1 0.63mi
1008 Hovey St Unit ATK Gary, IN 3.0 1.0 957 $1,295 $1.35 94d 1 0.71mi
1008 Hovey St Gary, IN 3.0 1.0 957 $1,395 $1.46 37d 1 0.71mi
1043 Mount St Gary, IN 3.0 1.0 750 $1,200 $1.60 104d 1 0.74mi
1050 Durbin St Gary, IN 2.0 1.0 806 $1,295 $1.61 10d 1 0.77mi
2101 Chase St Gary, IN 3.0 1.0 925 $1,600 $1.73 0d 1 0.80mi
940 Mount St Gary, IN 3.0 1.0 925 $1,430 $1.55 41d 1 0.85mi
1531 Taney Pl Unit 3 Gary, IN 2.0 1.0 900 $975 $1.08 112d 1 0.85mi
1531 Taney Pl Gary, IN 2.0 1.0 900 $1,045 $1.16 142d 1 0.85mi
5035 W 9th Ave Gary, IN 3.0 1.0 925 $1,575 $1.70 9d 1 0.91mi
2939 W 10th Ave Gary, IN 2.0 1.0 744 $1,050 $1.41 29d 1 1.03mi
1341 Marshall St Unit 2R Gary, IN 1.0 1.0 800 $1,000 $1.25 43d 1 1.06mi
1341 Marshall St Unit 2F Gary, IN 2.0 1.0 1000 $1,250 $1.25 100d 1 1.06mi
743 Hanley St Gary, IN 3.0 1.0 800 $1,350 $1.69 44d 1 1.11mi
1595 Ellsworth St Unit 1 Gary, IN 2.0 1.0 868 $1,100 $1.27 90d 1 1.14mi
1595 Ellsworth St Gary, IN 2.0 1.0 868 $1,100 $1.27 143d 1 1.14mi
1361 Ellsworth St Gary, IN 2.0 1.0 1001 $1,250 $1.25 43d 1 1.18mi
1361 Ellsworth St Gary, IN 2.0 1.0 1001 $1,250 $1.25 44d 1 1.18mi
5300 W 7th Ave Gary, IN 2.0 1.0 900 $1,195 $1.33 13d 1 1.23mi
5300 W 7th Ave Gary, IN 2.0 1.0 900 $1,195 $1.33 14d 1 1.23mi
5300 W 7th Ave Gary, IN 2.0 1.0 900 $1,195 $1.33 10d 1 1.23mi
573 Hanley St Gary, IN 3.0 1.0 1000 $1,590 $1.59 0d 1 1.25mi
2264 Taft St Gary, IN 2.0 1.0 800 $1,275 $1.59 104d 1 1.31mi
2059 Roosevelt Pl Gary, IN 3.0 2.0 1120 $1,675 $1.50 43d 1 1.34mi
2280 Roosevelt Pl Gary, IN 3.0 1.0 864 $1,560 $1.81 132d 1 1.38mi
2602 W 6th Ave Gary, IN 2.0 1.0 750 $990 $1.32 132d 1 1.46mi

Property features AI

Finance

Other
Living area reported as 825 (Assessor)
Financial info
Property is vacant
HOA & community
No HOA information listed

Exterior

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

Interior

Kitchen
No kitchen appliances listed
Bedrooms
Three bedrooms (Primary Bedroom, Bedroom 2, Bedroom 3)
Flooring
No flooring information listed
Bathrooms
One full bathroom
Heating & cooling
Forced air heatingNatural gas heatingNo cooling
Interior features
No additional interior features listed
Laundry & utility
No laundry appliances listed

Listing history 50 events

  1. 2026-11-08
    days on market $80,000 Active 38 DOM
  2. 2026-11-07
    days on market $80,000 Active 37 DOM
  3. 2026-11-06
    days on market $80,000 Active 36 DOM
  4. 2026-11-05
    days on market $80,000 Active 35 DOM
  5. 2026-11-04
    days on market $80,000 Active 34 DOM
  6. 2026-11-02
    days on market $80,000 Active 32 DOM
  7. 2026-11-01
    days on market $80,000 Active 31 DOM
  8. 2026-10-31
    days on market $80,000 Active 30 DOM
  9. 2026-10-30
    days on market $80,000 Active 29 DOM
  10. 2026-10-29
    days on market $80,000 Active 28 DOM
  11. 2026-10-28
    days on market $80,000 Active 27 DOM
  12. 2026-10-27
    days on market $80,000 Active 26 DOM
  13. 2026-10-26
    days on market $80,000 Active 25 DOM
  14. 2026-10-25
    days on market $80,000 Active 24 DOM
  15. 2026-10-24
    days on market $80,000 Active 23 DOM
  16. 2026-10-23
    days on market $80,000 Active 22 DOM
  17. 2026-10-22
    days on market $80,000 Active 21 DOM
  18. 2026-10-21
    days on market $80,000 Active 20 DOM
  19. 2026-10-20
    days on market $80,000 Active 19 DOM
  20. 2026-10-19
    days on market $80,000 Active 18 DOM
  21. 2026-10-18
    days on market $80,000 Active 17 DOM
  22. 2026-10-17
    days on market $80,000 Active 16 DOM
  23. 2026-10-16
    price $80,000 Active 15 DOM
  24. 2026-10-16
    days on market $85,000 Active 15 DOM
  25. 2026-10-15
    days on market $85,000 Active 14 DOM
  26. 2026-10-14
    days on market $85,000 Active 13 DOM
  27. 2026-10-13
    days on market $85,000 Active 12 DOM
  28. 2026-10-12
    days on market $85,000 Active 11 DOM
  29. 2026-10-11
    days on market $85,000 Active 10 DOM
  30. 2026-10-10
    days on market $85,000 Active 9 DOM
  31. 2026-10-09
    days on market $85,000 Active 8 DOM
  32. 2026-10-08
    days on market $85,000 Active 7 DOM
  33. 2026-10-07
    days on market $85,000 Active 6 DOM
  34. 2026-10-06
    days on market $85,000 Active 5 DOM
  35. 2026-10-05
    days on market $85,000 Active 4 DOM
  36. 2026-10-04
    days on market $85,000 Active 3 DOM
  37. 2026-10-03
    days on market $85,000 Active 2 DOM
  38. 2026-10-01
    days on marketlisting id $85,000 Active 1 DOM
  39. 2026-09-30
    days on market $85,000 Active 170 DOM
  40. 2026-09-29
    days on market $85,000 Active 169 DOM
  41. 2026-09-28
    days on market $85,000 Active 168 DOM
  42. 2026-09-27
    days on market $85,000 Active 167 DOM
  43. 2026-09-26
    days on market $85,000 Active 166 DOM
  44. 2026-09-25
    days on market $85,000 Active 165 DOM
  45. 2026-09-24
    days on market $85,000 Active 164 DOM
  46. 2026-09-23
    days on market $85,000 Active 163 DOM
  47. 2026-09-22
    days on market $85,000 Active 162 DOM
  48. 2026-09-21
    days on market $85,000 Active 161 DOM
  49. 2026-09-20
    days on market $85,000 Active 160 DOM
  50. 2026-09-19
    days on market $85,000 Active 159 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
$16,367
− Mortgage interest
−$4,481
− Property taxes
−$1,640
− Insurance
−$400
− Repairs & maintenance
−$1,309
− Management
−$1,309
− Depreciation
−$2,327
Taxable income
$4,899
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,176
After-tax cash flow
$4,679/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%
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

-20.0% since first listed
7 events — show timeline
  • 2026-10-16 Price Changed $80,000 NIRA MLS as Distributed by MLS Grid
  • 2026-10-01 Listed $85,000 NIRA MLS as Distributed by MLS Grid
  • 2026-10-01 Listing Removed — NIRA MLS as Distributed by MLS Grid
  • 2026-09-11 Price Changed $85,000 NIRA MLS as Distributed by MLS Grid
  • 2026-08-05 Price Changed $89,000 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…