8027 Kooy Dr · Munster, IN 46321

$344,900

5 bd · 2.0 ba · 2,324 sqft · SingleFamily public records · 163 Days on market

Built 1972 8,640 sqft lot $148/sqft · 11% below area Est $388k · 11% under

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Why this score? — see what drove the C 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 +19.8/30.0
• ARV discount +12.5/15.0
• DSCR +6.3/10.0
• Schools +5.7/10.0
• 1% rule +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome Home!! Spacious brick and vinyl bi-level, conveniently situated near shops, restaurants, and transportation options to Chicago. There are 5 bedrooms (possible 6) and 2 baths; the primary bedroom is generously sized and has access to the full bath; enjoy a remodeled kitchen and updated bath; the kitchen includes all stainless steel appliances; the lower level has 2 large bedrooms, one extra room and the family room; there is plenty of storage room in the utility/laundry room; the exterior features a side drive, deck, concrete patio, fenced backyard, above-ground pool, playset, and a 2.5-car detached garage--perfect for outdoor entertaining and everyday living. Another feature is the award winning schools.

Key facts

• Updated bath
• Playset
• Remodeled kitchen

Tags

• REMODELED KITCHEN
• UPDATED BATH
• FENCED BACKYARD
• ABOVE-GROUND POOL
• PLAYSET
• AWARD WINNING SCHOOLS

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $345k.

Deal economics

• At list price, monthly cash flow is $411 ($5k/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 $336k (2.6% below list).
• Recommended offer: $304k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 5.0% in Munster — 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 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; 3 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).
• This rent runs 37% of the median local income ($110k/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 $2k of loan paydown is wiped out by about $10k 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

• It's been on market 163 days — a 12% lower offer ($304k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y ago; this cycle's ask has dropped $28k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $226k; list at $345k implies a 52% gain — meaningful room to come down on a strong offer.

Recommended offer $303,512 (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 1972 — 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 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?
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: 0.97% ✗
• Cap rate: 7.72%
• Cash-on-cash: 5.10%
• DSCR: 1.23
• GRM: 8.6

CMA / ARV

• ARV (median comp): $387,555
• List price: $344,900
• Delta: -11.01%
• 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
8119 Kooy Dr	0.12mi	4/2.5 (-1)	2,310 (-1%)	23mo	$439,000	$190	68
8106 Tapper Ave	0.24mi	4/2.0 (-1)	2,172 (-6%)	9mo	$403,000	$186	65
8114 Greenwood Ave	0.30mi	4/2.5 (-1)	2,408 (+4%)	19mo	$569,900	$237	57
8450 Kraay Ave	0.73mi	4/3.0 (-1)	2,352 (+1%)	3mo	$382,500	$163	53
8009 Greenwood Ave	0.32mi	4/3.0 (-1)	2,640 (+14%)	5mo	$394,900	$150	49
1439 Fairway Dr	0.48mi	4/2.0 (-1)	2,464 (+6%)	19mo	$393,000	$159	46
8234 Madison Ave	0.62mi	4/1.5 (-1)	2,368 (+2%)	18mo	$360,000	$152	46
8059 Greenwood Ave	0.32mi	4/2.0 (-1)	2,060 (-11%)	19mo	$285,000	$138	45
8147 Oakwood Ave	0.73mi	4/3.0 (-1)	2,168 (-7%)	6mo	$559,000	$258	40
8128 Monroe Ave	0.63mi	4/2.5 (-1)	2,512 (+8%)	12mo	$450,000	$179	40
934 177th St	0.47mi	4/2.0 (-1)	2,075 (-11%)	21mo	$249,000	$120	38
8114 Van Buren Ave	0.75mi	4/1.0 (-1)	2,020 (-13%)	13mo	$287,000	$142	23

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: -8.4%
• Equity multiple: 0.69×
• Total profit: $-29,770
• Equity at exit: $51,426

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $7,612
• Equity at exit: $29,821

Cash invested: $96,572 (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: 8.6×

Monthly cashflow live

• Estimated rent: $3,360 medium
• Mortgage (P&I): −$1,809
• Tax from tax record: −$291 /mo · $3,495/yr
• Insurance: −$144
• HOA: −$0
• Vacancy / Maint / Mgmt: −$706
• Net cashflow: $411

Break-even live

Break-even rent $2,840

Max offer price $344,900

Occupancy floor 83%

Sensitivity live

Price	-10% $606	-5% $508	+0% $411	+5% $313	+10% $215
Rent	-10% $145	-5% $278	+0% $411	+5% $543	+10% $676
Rate	-1.0pp $584	-0.5pp $498	base $411	+0.5pp $321	+1.0pp $230

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: $86,225
• Closing costs: $10,347
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8016 Monaldi Dr Munster, IN	4.0	2.0	2000	$2,999	$1.50	11d	1	0.16mi
548 South St Munster, IN	4.0	2.0	2300	$3,300	$1.43	6d	1	0.86mi
7741 Hohman Ave Munster, IN	4.0	2.0	2200	$3,200	$1.45	11d	1	1.12mi

Listing history 23 events

1. 2026-06-21
   days on market $344,900 Active 163 DOM
2. 2026-06-18
   days on market $344,900 Active 160 DOM
3. 2026-06-17
   days on market $344,900 Active 159 DOM
4. 2026-06-16
   days on market $344,900 Active 158 DOM
5. 2026-06-15
   days on market $344,900 Active 157 DOM
6. 2026-06-13
   days on market $344,900 Active 155 DOM
7. 2026-06-13
   days on market $344,900 Active 154 DOM
8. 2026-06-09
   days on market $344,900 Active 151 DOM
9. 2026-06-08
   days on market $344,900 Active 150 DOM
10. 2026-06-07
    days on market $344,900 Active 149 DOM
11. 2026-06-04
    days on market $344,900 Active 146 DOM
12. 2026-06-03
    days on market $344,900 Active 145 DOM
13. 2026-06-02
    days on market $344,900 Active 144 DOM
14. 2026-06-01
    days on market $344,900 Active 143 DOM
15. 2026-05-31
    days on market $344,900 Active 142 DOM
16. 2026-05-03
    price $344,900 721-char remark

    Show marketing remark (721 chars)

    Welcome Home!! Spacious brick and vinyl bi-level, conveniently situated near shops, restaurants, and transportation options to Chicago. There are 5 bedrooms (possible 6) and 2 baths; the primary bedroom is generously sized and has access to the full bath; enjoy a remodeled kitchen and updated bath; the kitchen includes all stainless steel appliances; the lower level has 2 large bedrooms, one extra room and the family room; there is plenty of storage room in the utility/laundry room; the exterior features a side drive, deck, concrete patio, fenced backyard, above-ground pool, playset, and a 2.5-car detached garage--perfect for outdoor entertaining and everyday living. Another feature is the award winning schools.

17. 2026-04-08
    status Active 721-char remark

    Show marketing remark (721 chars)

    Welcome Home!! Spacious brick and vinyl bi-level, conveniently situated near shops, restaurants, and transportation options to Chicago. There are 5 bedrooms (possible 6) and 2 baths; the primary bedroom is generously sized and has access to the full bath; enjoy a remodeled kitchen and updated bath; the kitchen includes all stainless steel appliances; the lower level has 2 large bedrooms, one extra room and the family room; there is plenty of storage room in the utility/laundry room; the exterior features a side drive, deck, concrete patio, fenced backyard, above-ground pool, playset, and a 2.5-car detached garage--perfect for outdoor entertaining and everyday living. Another feature is the award winning schools.

18. 2026-03-16
    historical 721-char remark

    Show marketing remark (721 chars)

    Welcome Home!! Spacious brick and vinyl bi-level, conveniently situated near shops, restaurants, and transportation options to Chicago. There are 5 bedrooms (possible 6) and 2 baths; the primary bedroom is generously sized and has access to the full bath; enjoy a remodeled kitchen and updated bath; the kitchen includes all stainless steel appliances; the lower level has 2 large bedrooms, one extra room and the family room; there is plenty of storage room in the utility/laundry room; the exterior features a side drive, deck, concrete patio, fenced backyard, above-ground pool, playset, and a 2.5-car detached garage--perfect for outdoor entertaining and everyday living. Another feature is the award winning schools.

19. 2026-02-14
    price $357,900 721-char remark

    Show marketing remark (721 chars)

    Welcome Home!! Spacious brick and vinyl bi-level, conveniently situated near shops, restaurants, and transportation options to Chicago. There are 5 bedrooms (possible 6) and 2 baths; the primary bedroom is generously sized and has access to the full bath; enjoy a remodeled kitchen and updated bath; the kitchen includes all stainless steel appliances; the lower level has 2 large bedrooms, one extra room and the family room; there is plenty of storage room in the utility/laundry room; the exterior features a side drive, deck, concrete patio, fenced backyard, above-ground pool, playset, and a 2.5-car detached garage--perfect for outdoor entertaining and everyday living. Another feature is the award winning schools.

20. 2026-01-09
    price $368,900 721-char remark

    Show marketing remark (721 chars)

    Welcome Home!! Spacious brick and vinyl bi-level, conveniently situated near shops, restaurants, and transportation options to Chicago. There are 5 bedrooms (possible 6) and 2 baths; the primary bedroom is generously sized and has access to the full bath; enjoy a remodeled kitchen and updated bath; the kitchen includes all stainless steel appliances; the lower level has 2 large bedrooms, one extra room and the family room; there is plenty of storage room in the utility/laundry room; the exterior features a side drive, deck, concrete patio, fenced backyard, above-ground pool, playset, and a 2.5-car detached garage--perfect for outdoor entertaining and everyday living. Another feature is the award winning schools.

21. 2025-12-17
    listed $372,500 Active 721-char remark

    Show marketing remark (721 chars)

    Welcome Home!! Spacious brick and vinyl bi-level, conveniently situated near shops, restaurants, and transportation options to Chicago. There are 5 bedrooms (possible 6) and 2 baths; the primary bedroom is generously sized and has access to the full bath; enjoy a remodeled kitchen and updated bath; the kitchen includes all stainless steel appliances; the lower level has 2 large bedrooms, one extra room and the family room; there is plenty of storage room in the utility/laundry room; the exterior features a side drive, deck, concrete patio, fenced backyard, above-ground pool, playset, and a 2.5-car detached garage--perfect for outdoor entertaining and everyday living. Another feature is the award winning schools.

22. 2018-07-25
    soldstatus $226,500 493-char remark

    Show marketing remark (493 chars)

    Impressive 3-5 Bedroom, 2,300+ Sq. Ft. Bi-Level Home with 2.5 Car Garage. Some of the Many Amenities Include: New Frieze Carpet and Fresh Paint Thru-out the Upper Level; Skylights in both Kitchen and Bath; Goodman Furnace; Trane A/C; Richmond Integra HWH; Anderson Perma-Shield Casement Windows; Architectural Shingled Roof; Generac Guardian 22 KW Generator; and Fenced Yard. This Home is Conveniently Located Minutes from the Expressway and Within Close Proximity to Restaurants and Shopping.

23. 2018-05-31
    listed $229,900 493-char remark

    Show marketing remark (493 chars)

    Impressive 3-5 Bedroom, 2,300+ Sq. Ft. Bi-Level Home with 2.5 Car Garage. Some of the Many Amenities Include: New Frieze Carpet and Fresh Paint Thru-out the Upper Level; Skylights in both Kitchen and Bath; Goodman Furnace; Trane A/C; Richmond Integra HWH; Anderson Perma-Shield Casement Windows; Architectural Shingled Roof; Generac Guardian 22 KW Generator; and Fenced Yard. This Home is Conveniently Located Minutes from the Expressway and Within Close Proximity to Restaurants and Shopping.

ⓘ 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: $3,495 · $291/mo
• Projected year-2 tax: $3,495 · $291/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 · 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: $40,319
• − Mortgage interest: −$19,320
• − Property taxes: −$3,495
• − Insurance: −$1,724
• − Repairs & maintenance: −$3,226
• − Management: −$3,226
• − Depreciation: −$10,033
• Taxable loss: −$705
• Est. tax savings @ 24.0%: +$169
• After-tax cash flow: $5,097/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

+50.0% since first listed

8 events — show timeline

• 2026-05-03 Price Changed $344,900 NIRA MLS as Distributed by MLS Grid
• 2026-04-08 Relisted — NIRA MLS as Distributed by MLS Grid
• 2026-03-16 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2026-02-14 Price Changed $357,900 NIRA MLS as Distributed by MLS Grid
• 2026-01-09 Price Changed $368,900 NIRA MLS as Distributed by MLS Grid
• 2025-12-17 Listed $372,500 NIRA MLS as Distributed by MLS Grid
• 2018-07-25 Sold (MLS) $226,500 NIRA MLS as Distributed by MLS Grid
• 2018-05-31 Listed $229,900 NIRA MLS as Distributed by MLS Grid

Property tax history

+2.9%/yr

Latest (2024): $3,495 · +4.5% YoY. Source: county tax records.