17813 Violette Way · Lowell, IN 46356

$339,904

3 bd · 2.5 ba · 1,517 sqft · SingleFamily · 9 Days on market

Built 2025 Good condition 8,400 sqft lot Est $320k · 6% 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 +11.1/30.0
• ARV discount +4.7/15.0
• Schools +4.5/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• 1% rule +3.2/10.0
• DSCR +3.2/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

SPECIAL FINANCING OFFERS AVAILABLE!! READY FOR JULY DELIVERY!!!! Homesite# 0189. Discover modern living in the beautifully designed Essex plan. This refined single-family home offers 3 bedrooms, 2.5 baths, and a spacious open-concept main floor that seamlessly connects the kitchen, dining, and family areas--perfect for everyday living and entertaining. The gourmet kitchen features a large center island, quartz countertops, ample cabinetry, and stainless steel appliances. Elegant finishes include luxury vinyl plank flooring, energy-efficient LED lighting, and contemporary design details throughout. Upstairs, the serene owner's suite features a walk-in closet and spa-inspired en-suite bath.

Key facts

• Quartz countertops
• Large center island
• Gourmet kitchen

Tags

• GOURMET KITCHEN
• LARGE CENTER ISLAND
• QUARTZ COUNTERTOPS
• ENERGY EFFICIENT LED LIGHTING
• WALK IN CLOSET
• SPA INSPIRED EN SUITE BATH

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: 2 garage spaces (2 total parking spaces)
• Security:
• Utilities:
• Home design: Spec new-construction home — Essex plan
• Construction:
• Exterior features:

Interior

• Kitchen:
• Bedrooms: 3 bedrooms
• Flooring:
• Bathrooms: 2 full bathrooms and 1 half bathroom (2.5 total)
• Heating & cooling:
• Interior features: Open living area (1,517 sq ft total living — size shown in property information)
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $340k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-137 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $320k (5.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $280k (17.6% below list).
• Recommended offer: $280k (17.6% below list) — sets the bar for 1% rule.
• Cap rate 5.8% vs local median 3.9% in Lowell — 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 76/100 on livability (#51 in IN, #3,455 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Tri-Creek School Corporation (town): math 46% / reading 56% proficiency, ranked #39 of 301 in IN (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 350 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $280,000 (17.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.82% ✗
• Cap rate: 5.81%
• Cash-on-cash: -1.73%
• DSCR: 0.92
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $320,087
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17790 Hillside Dr	0.04mi	3/2.5	1,517 (0%)	2mo	$311,352	$205	96
17772 Hillside Dr	0.07mi	3/2.5	1,517 (0%)	1mo	$319,503	$211	96
17801 Violette Ln	0.03mi	3/2.5	1,517 (0%)	4mo	$315,000	$208	96
17777 Violette Way	0.05mi	3/2.5	1,517 (0%)	5mo	$308,000	$203	93
17792 Violette Way	0.02mi	3/2.5	1,517 (0%)	7mo	$314,000	$207	93
17807 Violette Ln	0.01mi	3/2.0	1,455 (-4%)	3mo	$346,304	$238	88
17789 Violette Way	0.04mi	3/2.0	1,455 (-4%)	2mo	$345,000	$237	88
17808 Hillside Dr	0.05mi	3/2.5	1,637 (+8%)	1mo	$357,901	$219	84
17783 Violette Way	0.04mi	3/2.5	1,637 (+8%)	5mo	$345,601	$211	81
17805 Hillside Dr	0.08mi	3/2.5	1,600 (+6%)	8mo	$311,990	$195	81
17769 Hillside Dr	0.10mi	3/2.5	1,600 (+6%)	7mo	$298,240	$186	80
17798 Violette Ln	0.04mi	3/2.5	1,637 (+8%)	6mo	$359,466	$220	80

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: -19.1%
• Equity multiple: 0.33×
• Total profit: $-63,762
• Equity at exit: $50,681

10-year hold

• IRR: -11.7%
• Equity multiple: 0.30×
• Total profit: $-66,587
• Equity at exit: $29,389

Cash invested: $95,173 (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 46356

• Home prices YoY: -30.1%
• Active inventory: 350
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,800 medium
• Mortgage (P&I): −$1,782
• Tax est. 1.5%: −$425 /mo · $5,099/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $-137

Break-even live

Break-even rent $2,973

Max offer price $320,080

Occupancy floor 100%

Sensitivity live

Price	-10% $98	-5% $-20	+0% $-137	+5% $-254	+10% $-372
Rent	-10% $-358	-5% $-248	+0% $-137	+5% $-26	+10% $84
Rate	-1.0pp $34	-0.5pp $-51	base $-137	+0.5pp $-225	+1.0pp $-315

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: $84,976
• Closing costs: $10,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4507 W 173rd Ave Lowell, IN	4.0	3.0	1900	$2,800	$1.47	19d	1	0.70mi

Listing history 11 events

1. 2026-06-18
   days on market $339,904 Active 9 DOM
2. 2026-06-17
   days on market $339,904 Active 8 DOM
3. 2026-06-16
   days on market $339,904 Active 7 DOM
4. 2026-06-15
   days on market $339,904 Active 6 DOM
5. 2026-06-13
   days on market $339,904 Active 4 DOM
6. 2026-06-10
   remarks 699-char remark
7. 2026-06-10
   pricedays on marketlisting id $339,904 Active 1 DOM
8. 2026-06-09
   days on market $341,904 Active 5 DOM
9. 2026-06-08
   days on market $341,904 Active 4 DOM
10. 2026-06-07
    remarks 398-char remark
11. 2026-06-07
    listed $341,904 Active 3 DOM

ⓘ 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 2/10 Low 7 d/yr ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,600
• − Mortgage interest: −$19,040
• − Property taxes: −$5,099
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,688
• − Management: −$2,688
• − Depreciation: −$9,888
• Taxable loss: −$7,502
• Est. tax savings @ 24.0%: +$1,801
• After-tax cash flow: $157/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 80/100 Cosmetic rehab

This two-story home is in good condition with a smart layout and modern updates. It's ready for a new owner to move in and enjoy.

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal and value
• Resale Replace window seals — Improves energy efficiency and reduces heating/cooling costs
• Both Update flooring — Modernizes the space and adds value
• Both Update kitchen appliances — Modernizes the space and adds value
• Both Update bathroom fixtures — Modernizes the space and adds value

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal and value ↑
• Resale Replace window seals — Improves energy efficiency and reduces heating/cooling costs ↑
• Both Update flooring — Modernizes the space and adds value ↑
• Both Update kitchen appliances — Modernizes the space and adds value ↑
• Both Update bathroom fixtures — Modernizes the space and adds 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: Tri-Creek School Corporation
• NCES district ID: 1811460
• Math proficiency: 46% ▼ -8.00%
• Reading proficiency: 56% ▼ -5.00%
• Median HH income: $64,614
• Composite: 44.97/100
• National rank: #2704
• State rank: #39 of 301 in IN

Livability — Lowell

• Score: 76/100
• State rank: #51
• US rank: #3455

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lowell, IN
• City population: 19,396
• Population (ZIP): 19,396

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 (88%)
• Race & ethnicity: White 88% Hispanic / Latino 9% Two or more races 6%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 16% Iranian 10% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 4% Russian/Polish/Slavic 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: ▼ -110.73%
• Current HPI: 256.6224
• Rent YoY: —
• Metro: —
• 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