7629 Oakdale Ave · Hammond, IN 46324

$160,000

2 bd · 1.0 ba · 776 sqft · SingleFamily public records · 1 Days on market

Built 1995 Est $147k · 9% over

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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).

• Cash flow +13.9/30.0
• DSCR +4.2/10.0
• Rent growth +3.9/5.0
• 1% rule +3.5/10.0
• Livability +3.5/5.0
• ARV discount +3.4/15.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WHY RENT? THIS COZY RANCH ON CORNER LOT IS VERY AFFORDABLE. TAXES ARE EXTREMELY LOW ON THIS ONE. LOW UTILITIES. VERY STRONG SET OF BONES HERE. NEWER VINYL SIDING, TILT IN WINDOWS, GUTTERS WITH GUTTER GUARDS, AND DOWNSPOUTS. ROOF IS ONLY 5 YEARS OLD. NEWER BRYANT HIGH EFFICIENCY FURNACE. VERY WELL INSULATED. MOTION LIGHTS DUSK TO DAWN. 2.5 CAR GARAGE WHICH IS FULLY INSULATED AND HAS A POWER VENT, CEILING HEATER AND DEHUMIDIFIER. INSIDE IS TWO BEDROOMS AND FULL BATH(NEW FLOOR AND TOILET). LIVING ROOM HAS NICE LIGHT FROM NEWER WINDOWS. SELLER BELIEVES THERE IS HARDWOOD UNDER CARPET. AS IN CLOSET YOU CAN SEE IT. THE YARD IS FULLY FENCED IN AND IS A REALLY NICE SIZE AS THE HOME IS THE LAST ONE ON BLOCK SO LOT IS BIGGER. LAUNDRY IS IN BASEMENT THAT IS OPEN AND WAITING FOR YOU TO FINISH. THIS HOME IS READY FOR YOUR FINISHING TOUCHES. CHEAPER THAN RENTING.

Key facts

• Extra storage
• Unfinished basement
• Functional layout

Tags

• FUNCTIONAL LAYOUT
• UNFINISHED BASEMENT
• EXTRA STORAGE
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $18 ($216/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $135k (15.4% below list).
• Recommended offer: $135k (15.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#143 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A; Watch: health & safety D+, employment D, schools F.
• School City Of Hammond (suburban): math 8% / reading 18% proficiency, ranked #289 of 301 in IN (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 63 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $5k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 27y ago 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.
• Current owner paid $115k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $135,435 (15.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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?
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: 0.85% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.48%
• DSCR: 1.02
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $146,664
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7613 Linden Ave	0.25mi	2/1.0	728 (-6%)	1mo	$129,900	$178	77
7418 Howard Ave	0.27mi	2/1.0	696 (-10%)	1mo	$121,500	$175	69
7534 Magnolia Ave	0.31mi	2/1.0	728 (-6%)	8mo	$125,000	$172	69
7625 White Oak Ave	0.69mi	2/1.0	776 (0%)	0mo	$177,500	$229	68
7728 Beech Ave	0.51mi	3/1.0 (+1)	800 (+3%)	3mo	$172,000	$215	64
7717 Beech Ave	0.52mi	3/1.0 (+1)	800 (+3%)	3mo	$159,000	$199	63
7503 Chestnut Ave	0.48mi	2/1.0	700 (-10%)	5mo	$87,000	$124	57
7402 Harrison Ave	0.74mi	2/1.0	792 (+2%)	7mo	$137,000	$173	56
7812 Birch Dr	0.63mi	3/1.0 (+1)	850 (+10%)	7mo	$161,000	$189	44
7331 Jackson Ave	0.63mi	2/1.0	889 (+15%)	4mo	$130,000	$146	43
7508 Beech Ave	0.50mi	3/1.0 (+1)	874 (+13%)	10mo	$168,000	$192	42
7324 Walnut Ave	0.66mi	3/1.0 (+1)	864 (+11%)	6mo	$197,000	$228	40

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 · 5.51% rent growth · sell at horizon

5-year hold

• IRR: -12.9%
• Equity multiple: 0.52×
• Total profit: $-21,284
• Equity at exit: $23,857

10-year hold

• IRR: -0.6%
• Equity multiple: 0.96×
• Total profit: $-1,959
• Equity at exit: $13,834

Cash invested: $44,800 (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.

Methodology + full state rankings →

ZIP-level market 46324

• Home prices YoY: -9.6%
• Rents YoY: 5.5%
• Active inventory: 63
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,354 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$146 /mo · $1,754/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $18

Break-even live

Break-even rent $1,332

Max offer price $160,000

Occupancy floor 94%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7234 Columbia Ave Hammond, IN	2.0	1.0	960	$1,300	$1.35	25d	1	0.50mi
7609 Beech Ave Hammond, IN	2.0	1.0	700	$1,400	$2.00	4d	1	0.53mi
7129 Columbia Ave Unit 1E Hammond, IN	2.0	1.0	900	$1,195	$1.33	11d	1	0.64mi
3649 173rd Ct Lansing, IL	2.0	2.0	972	$1,357	$1.40	25d	1	1.22mi

Listing history 7 events

1. 2026-05-26
   listed $160,000 Active
2. 2020-10-01
   soldstatus $115,200 861-char remark

   Show marketing remark (861 chars)

   WHY RENT? THIS COZY RANCH ON CORNER LOT IS VERY AFFORDABLE. TAXES ARE EXTREMELY LOW ON THIS ONE. LOW UTILITIES. VERY STRONG SET OF BONES HERE. NEWER VINYL SIDING, TILT IN WINDOWS, GUTTERS WITH GUTTER GUARDS, AND DOWNSPOUTS. ROOF IS ONLY 5 YEARS OLD. NEWER BRYANT HIGH EFFICIENCY FURNACE. VERY WELL INSULATED. MOTION LIGHTS DUSK TO DAWN. 2.5 CAR GARAGE WHICH IS FULLY INSULATED AND HAS A POWER VENT, CEILING HEATER AND DEHUMIDIFIER. INSIDE IS TWO BEDROOMS AND FULL BATH(NEW FLOOR AND TOILET). LIVING ROOM HAS NICE LIGHT FROM NEWER WINDOWS. SELLER BELIEVES THERE IS HARDWOOD UNDER CARPET. AS IN CLOSET YOU CAN SEE IT. THE YARD IS FULLY FENCED IN AND IS A REALLY NICE SIZE AS THE HOME IS THE LAST ONE ON BLOCK SO LOT IS BIGGER. LAUNDRY IS IN BASEMENT THAT IS OPEN AND WAITING FOR YOU TO FINISH. THIS HOME IS READY FOR YOUR FINISHING TOUCHES. CHEAPER THAN RENTING.

3. 2020-08-17
   listed $115,000 861-char remark

   Show marketing remark (861 chars)

   WHY RENT? THIS COZY RANCH ON CORNER LOT IS VERY AFFORDABLE. TAXES ARE EXTREMELY LOW ON THIS ONE. LOW UTILITIES. VERY STRONG SET OF BONES HERE. NEWER VINYL SIDING, TILT IN WINDOWS, GUTTERS WITH GUTTER GUARDS, AND DOWNSPOUTS. ROOF IS ONLY 5 YEARS OLD. NEWER BRYANT HIGH EFFICIENCY FURNACE. VERY WELL INSULATED. MOTION LIGHTS DUSK TO DAWN. 2.5 CAR GARAGE WHICH IS FULLY INSULATED AND HAS A POWER VENT, CEILING HEATER AND DEHUMIDIFIER. INSIDE IS TWO BEDROOMS AND FULL BATH(NEW FLOOR AND TOILET). LIVING ROOM HAS NICE LIGHT FROM NEWER WINDOWS. SELLER BELIEVES THERE IS HARDWOOD UNDER CARPET. AS IN CLOSET YOU CAN SEE IT. THE YARD IS FULLY FENCED IN AND IS A REALLY NICE SIZE AS THE HOME IS THE LAST ONE ON BLOCK SO LOT IS BIGGER. LAUNDRY IS IN BASEMENT THAT IS OPEN AND WAITING FOR YOU TO FINISH. THIS HOME IS READY FOR YOUR FINISHING TOUCHES. CHEAPER THAN RENTING.

4. 2003-11-20
   historical
5. 2002-06-21
   listed $74,500
6. 2002-06-21
   listed $74,500
7. 1999-06-09
   listed $74,900

ⓘ 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: $1,754 · $146/mo
• Projected year-2 tax: $1,754 · $146/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 4/10 Moderate FEMA zone X (shaded) · 23% 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: $16,252
• − Mortgage interest: −$8,962
• − Property taxes: −$1,754
• − Insurance: −$800
• − Repairs & maintenance: −$1,300
• − Management: −$1,300
• − Depreciation: −$4,655
• Taxable loss: −$2,519
• Est. tax savings @ 24.0%: +$605
• After-tax cash flow: $821/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 City Of Hammond
• NCES district ID: 1804320
• Math proficiency: 8% ▼ -18.00%
• Reading proficiency: 18% ▼ -15.00%
• Median HH income: $39,970
• Composite: 11.11/100
• National rank: #9730
• State rank: #289 of 301 in IN

Livability — Hammond

• Score: 70/100
• State rank: #143
• US rank: #7343

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hammond, IN
• County: Lake County · 422,878 people
• City population: 58,809
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 21,409
• Household income: $63,052
• Rent vs Own: 32.0% rent · 68.0% own
• Severe rent burden: 507.0

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: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Hispanic / Latino 39% White 34% Black 22% Two or more races 14% Asian 1% Native American 1%
• Hispanic origin (detail): Mexican 31% Puerto Rican 5%
• Common ancestry: Romanian 5% Lithuanian 1% Italian 1%
• Foreign-born: 10% · Canada
• Languages at home: 79% English-only · Spanish 20%

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: ▼ -37.65%
• Current HPI: 352.8678
• Rent YoY: ▲ 5.51%
• 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

+113.6% since first listed

7 events — show timeline

• 2026-05-26 Listed $160,000 FSBO.com
• 2020-10-01 Sold (MLS) $115,200 NIRA MLS as Distributed by MLS Grid
• 2020-08-17 Listed $115,000 NIRA MLS as Distributed by MLS Grid
• 2003-11-20 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2002-06-21 Listed $74,500 NIRA MLS as Distributed by MLS Grid
• 2002-06-21 Listed $74,500 NIRA MLS as Distributed by MLS Grid
• 1999-06-09 Listed $74,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+9.5%/yr

Latest (2024): $1,754 · -5.6% YoY. Source: county tax records.