1350 E North St Lot 71 · Crown Point, IN 46307

$137,500

2 bd · 3.0 ba · 1,900 sqft · Manufactured · 161 Days on market

Good condition

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.9/5.0
• Condition / age +3.8/5.0
• Rent growth +3.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Exceptionally well-maintained and thoughtfully updated manufactured home located on a quiet corner lot at the end of a peaceful street. Surrounded by fresh landscaping, this home offers privacy, comfort, and far more upgrades than youd expect. Inside, youll find a beautifully remodeled kitchen featuring newer GE appliances including a stove, dishwasher, refrigerator, and microwave. The spacious primary suite has been refreshed with new carpet and a remodeled en-suite bath, while the second bathroom has also been updated. Updated flooring throughout adds a clean, modern feel. Major improvements include a new roof, new hot water heater, recently serviced furnace and air conditioner, and an 18kW standby Generac generator for peace of mind. The sunroom and garage floors have been freshly epoxy-coated, with the garage offering an entire wall of built-in cabinet storage. A newer Samsung washer and dryer are included.

Key facts

• Quiet corner lot
• Remodeled kitchen
• Newer ge appliances

Tags

• QUIET CORNER LOT
• REMODELED KITCHEN
• NEWER GE APPLIANCES
• SPACIOUS PRIMARY SUITE
• REMODELED EN-SUITE BATH
• UPDATED FLOORING

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath manufactured listed at $138k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $754 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $138k).
• Recommended offer: $121k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 3.4% in Crown Point — 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 77/100 on livability (#45 in IN, #3,244 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety D-.
• Crown Point Community School Corporation (suburban): math 51% / reading 61% proficiency, ranked #23 of 301 in IN (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+2.5%/yr); 739 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 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 $951 of loan paydown is wiped out by about $4k 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 + 2.5% rent growth), your $38k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 161 days — a 12% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $121,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 161 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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. 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.
6. 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.
7. 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: 1.57% ✓
• Cap rate: 12.87%
• Cash-on-cash: 23.50%
• DSCR: 2.05
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.53% rent growth · sell at horizon

5-year hold

• IRR: 16.1%
• Equity multiple: 1.64×
• Total profit: $24,760
• Equity at exit: $20,502

10-year hold

• IRR: 24.3%
• Equity multiple: 3.06×
• Total profit: $79,404
• Equity at exit: $11,888

Cash invested: $38,500 (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: 5.3×

Monthly cashflow live

• Estimated rent: $2,157 medium
• Mortgage (P&I): −$721
• Tax est. 1.5%: −$172 /mo · $2,062/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $754

Break-even live

Break-even rent $1,203

Max offer price $137,500

Occupancy floor 60%

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: $34,375
• Closing costs: $4,125
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
625 E South St Crown Point, IN	3.0	2.0	1700	$2,400	$1.41	7d	1	0.80mi
1400 W 97th Ave Crown Point, IN	3.0	3.0	1928	$2,800	$1.45	6d	1	1.45mi

Listing history 17 events

1. 2026-06-18
   days on market $137,500 Active 161 DOM
2. 2026-06-17
   days on market $137,500 Active 160 DOM
3. 2026-06-16
   days on market $137,500 Active 159 DOM
4. 2026-06-15
   days on market $137,500 Active 158 DOM
5. 2026-06-13
   days on market $137,500 Active 156 DOM
6. 2026-06-13
   days on market $137,500 Active 155 DOM
7. 2026-06-09
   days on market $137,500 Active 152 DOM
8. 2026-06-08
   days on market $137,500 Active 151 DOM
9. 2026-06-07
   days on market $137,500 Active 150 DOM
10. 2026-06-04
    days on market $137,500 Active 147 DOM
11. 2026-06-03
    days on market $137,500 Active 146 DOM
12. 2026-06-02
    days on market $137,500 Active 145 DOM
13. 2026-06-01
    days on market $137,500 Active 144 DOM
14. 2026-05-31
    days on market $137,500 Active 143 DOM
15. 2026-01-06
    listed $137,500 Active 924-char remark

    Show marketing remark (924 chars)

    Exceptionally well-maintained and thoughtfully updated manufactured home located on a quiet corner lot at the end of a peaceful street. Surrounded by fresh landscaping, this home offers privacy, comfort, and far more upgrades than youd expect. Inside, youll find a beautifully remodeled kitchen featuring newer GE appliances including a stove, dishwasher, refrigerator, and microwave. The spacious primary suite has been refreshed with new carpet and a remodeled en-suite bath, while the second bathroom has also been updated. Updated flooring throughout adds a clean, modern feel. Major improvements include a new roof, new hot water heater, recently serviced furnace and air conditioner, and an 18kW standby Generac generator for peace of mind. The sunroom and garage floors have been freshly epoxy-coated, with the garage offering an entire wall of built-in cabinet storage. A newer Samsung washer and dryer are included.

16. 2026-01-05
    listed $137,500 Active 938-char remark

    Show marketing remark (938 chars)

    Exceptionally well-maintained and thoughtfully updated manufactured home located on a quiet corner lot at the end of a peaceful street. Surrounded by fresh landscaping, this home offers privacy, comfort, and far more upgrades than you’d expect. Inside, you’ll find a beautifully remodeled kitchen featuring newer GE appliances including a stove, dishwasher, refrigerator, and microwave. The spacious primary suite has been refreshed with new carpet and a remodeled en-suite bath, while the second bathroom has also been updated. Updated flooring throughout adds a clean, modern feel. Major improvements include a new roof, new hot water heater, recently serviced furnace and air conditioner, and an 18kW standby Generac generator for peace of mind. The sunroom and garage floors have been freshly epoxy-coated, with the garage offering an entire wall of built-in cabinet storage. A newer Samsung washer and dryer are included.

17. 2011-06-30
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,887
• − Mortgage interest: −$7,702
• − Property taxes: −$2,062
• − Insurance: −$688
• − Repairs & maintenance: −$2,071
• − Management: −$2,071
• − Depreciation: −$4,000
• Taxable income: $7,293
• Est. tax owed @ 24.0%: −$1,750
• After-tax cash flow: $7,298/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 · 13 photos

Good 75/100 Cosmetic rehab

This well-maintained and updated manufactured home offers a good condition with recent improvements and a clean, modern interior. It is ready for a new owner and can be further enhanced with exterior painting and landscaping.

Value-add opportunities

• Resale Painting the exterior — Enhances curb appeal and can increase the home's value
• Resale Landscaping improvements — Enhances curb appeal and can increase the home's value

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the exterior — Enhances curb appeal and can increase the home's value ↑
• Resale Landscaping improvements — Enhances curb appeal and can increase the home's value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Crown Point Community School Corporation
• NCES district ID: 1802490
• Math proficiency: 51% ▼ -9.00%
• Reading proficiency: 61% ▼ -8.00%
• Median HH income: $69,148
• Composite: 49.55/100
• National rank: #1990
• State rank: #23 of 301 in IN

Livability — Crown Point

• Score: 77/100
• State rank: #45
• US rank: #3244

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: Crown Point, IN
• County: Lake County · 422,878 people
• City population: 71,673
• 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 (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 (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 · 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: ▼ -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

+0.0% since first listed

3 events — show timeline

• 2026-01-06 Listed $137,500 ForSaleByOwner.com
• 2026-01-05 Listed $137,500 Fizber.com
• 2011-06-30 Listing Removed — MRED as Distributed by MLS Grid