10650 Keystone Ln · Winfield, IN 46307

$284,900

3 bd · 2.0 ba · 1,581 sqft · Townhouse public records · 3 Days on market

Built 2006 7,222 sqft lot Est $280k · at est. $75/mo HOA · 3% of rent

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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 +11.4/30.0
• ARV discount +6.7/15.0
• Schools +5.0/10.0
• Livability +3.6/5.0
• DSCR +3.3/10.0
• 1% rule +3.2/10.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A Must See! Come check out this 3 bed 2 bath home in the heart of Winfield Township!! New Roof 2020! The Spacious kitchen gives plenty of counter space and storage. The living room is inviting with the beautiful New Flooring 2020 which walks out onto the covered porch. The primary bedroom has a walk in closet and bathroom with New Carpeting 2020. The other 2 rooms also have New Carpeting 2020. The Yard is divine and landscaped for you to enjoy. 2 New high boy Toilettes in 2021. Other features include sprinkler system, new garage door springs 2022, many new light fixtures 2020 & pull down attic stairs. Maintenance includes snow removal and grass cutting. Close to highways for quick commutes!

Key facts

• Fenced in backyard
• Open concept layout
• $75 HOA

Tags

• OPEN CONCEPT LAYOUT
• STAINLESS STEEL APPLIANCES
• FENCED IN BACKYARD
• HOA COVERS LAWN MAINTENANCE

Property features AI

Finance

• HOA & community: Homeowners association (Country Meadows); Monthly HOA fee of $75; HOA covers landscaping, snow removal, and grounds maintenance

Exterior

• Parking: Attached garage; 2 garage spaces
• Utilities: Public water; Public sewer
• Home design: Single-story home; Attached property; Built in 2006
• Construction: Built in 2006
• Exterior features: Neighborhood view

Interior

• Kitchen: Dishwasher; Refrigerator; Microwave; Gas range
• Bedrooms: Primary bedroom; Bedroom 2; Bedroom 3
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Central air; Ceiling fans; Forced air heating; Natural gas heating
• Interior features: Cathedral and vaulted ceilings; Ceiling fans
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $285k.

Deal economics

• At list price, monthly cash flow is $-98 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (6.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $232k (18.4% below list).
• Recommended offer: $232k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 3.4% in Winfield — 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 72/100 on livability (#121 in IN) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools D+, amenities F, commute F.
• 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; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $2k of loan paydown is wiped out by about $9k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 21y 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.

Recommended offer $232,498 (18.4% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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. 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?
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: 0.82% ✗
• Cap rate: 5.88%
• Cash-on-cash: -1.47%
• DSCR: 0.93
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $279,837
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10636 Keystone Ln	0.01mi	3/2.0	1,581 (0%)	10mo	$279,900	$177	91
10677 Keystone Ln	0.05mi	3/2.0	1,581 (0%)	9mo	$284,900	$180	90
10785 Pike St	0.17mi	3/2.0	1,581 (0%)	6mo	$278,500	$176	87
10716 Pike St	0.05mi	3/2.0	1,530 (-3%)	7mo	$294,000	$192	86
10828 Park St Unit B	0.28mi	2/1.5 (-1)	1,600 (+1%)	12mo	$256,000	$160	68
7736 E 108th Ave Unit C	0.18mi	2/1.5 (-1)	1,453 (-8%)	6mo	$260,000	$179	66
11150 Putnam Dr	0.57mi	2/1.5 (-1)	1,660 (+5%)	0mo	$285,000	$172	58
11152 Putnam Dr	0.58mi	2/1.5 (-1)	1,616 (+2%)	6mo	$290,000	$179	58
7854 E 108th Ave	0.17mi	2/2.0 (-1)	1,370 (-13%)	10mo	$275,000	$201	56
11214 Putnam Dr	0.66mi	3/2.5	1,680 (+6%)	5mo	$284,900	$170	52
7556 E 111th Ln	0.65mi	3/2.5	1,695 (+7%)	5mo	$290,000	$171	51
11222 Putnam Dr	0.67mi	2/2.5 (-1)	1,660 (+5%)	13mo	$291,000	$175	43

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 · 2.53% rent growth · sell at horizon

5-year hold

• IRR: -19.2%
• Equity multiple: 0.33×
• Total profit: $-53,475
• Equity at exit: $42,480

10-year hold

• IRR: -12.9%
• Equity multiple: 0.26×
• Total profit: $-58,978
• Equity at exit: $24,633

Cash invested: $79,772 (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: 10.2×

Monthly cashflow live

• Estimated rent: $2,325 high
• Mortgage (P&I): −$1,494
• Tax from tax record: −$247 /mo · $2,961/yr
• Insurance: −$119
• HOA: −$75
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $-98

Break-even live

Break-even rent $2,449

Max offer price $267,623

Occupancy floor 99%

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: $71,225
• Closing costs: $8,547
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10859 Park St Unit Park Crown Point, IN	3.0	2.0	1600	$2,200	$1.38	22d	1	0.29mi
10859 Park St Crown Point, IN	3.0	2.0	1800	$2,200	$1.22	1d	1	0.29mi
3788 Kingsway Dr Crown Point, IN	3.0	2.0	1300	$2,350	$1.81	1d	1	1.04mi
10981 Thomas St Crown Point, IN	3.0	2.0	1792	$2,900	$1.62	1d	1	1.19mi
11087 Thomas St Winfield, IN	3.0	2.0	1800	$3,175	$1.76	4d	1	1.24mi

HOA detail

• Monthly dues: $75 · $900/yr
• Likely covers: snow removal

Listing history 14 events

1. 2026-05-15
   status Pending
2. 2026-05-12
   listed $284,900 Active
3. 2022-09-19
   soldstatus $260,000 Closed 705-char remark

   Show marketing remark (705 chars)

   A Must See! Come check out this 3 bed 2 bath home in the heart of Winfield Township!! New Roof 2020! The Spacious kitchen gives plenty of counter space and storage. The living room is inviting with the beautiful New Flooring 2020 which walks out onto the covered porch. The primary bedroom has a walk in closet and bathroom with New Carpeting 2020. The other 2 rooms also have New Carpeting 2020. The Yard is divine and landscaped for you to enjoy. 2 New high boy Toilettes in 2021. Other features include sprinkler system, new garage door springs 2022, many new light fixtures 2020 & pull down attic stairs. Maintenance includes snow removal and grass cutting. Close to highways for quick commutes!

4. 2022-08-09
   historical Active Under Contract 705-char remark

   Show marketing remark (705 chars)

   A Must See! Come check out this 3 bed 2 bath home in the heart of Winfield Township!! New Roof 2020! The Spacious kitchen gives plenty of counter space and storage. The living room is inviting with the beautiful New Flooring 2020 which walks out onto the covered porch. The primary bedroom has a walk in closet and bathroom with New Carpeting 2020. The other 2 rooms also have New Carpeting 2020. The Yard is divine and landscaped for you to enjoy. 2 New high boy Toilettes in 2021. Other features include sprinkler system, new garage door springs 2022, many new light fixtures 2020 & pull down attic stairs. Maintenance includes snow removal and grass cutting. Close to highways for quick commutes!

5. 2022-08-05
   listed $258,900 Active 705-char remark

   Show marketing remark (705 chars)

   A Must See! Come check out this 3 bed 2 bath home in the heart of Winfield Township!! New Roof 2020! The Spacious kitchen gives plenty of counter space and storage. The living room is inviting with the beautiful New Flooring 2020 which walks out onto the covered porch. The primary bedroom has a walk in closet and bathroom with New Carpeting 2020. The other 2 rooms also have New Carpeting 2020. The Yard is divine and landscaped for you to enjoy. 2 New high boy Toilettes in 2021. Other features include sprinkler system, new garage door springs 2022, many new light fixtures 2020 & pull down attic stairs. Maintenance includes snow removal and grass cutting. Close to highways for quick commutes!

6. 2020-02-14
   soldstatus $184,200 753-char remark

   Show marketing remark (753 chars)

   Come see this move-in ready home. This home is conveniently located on a corner lot which makes it easy for you to get in and out of the subdivision. This home was recently painted so mark that one off of your list of things to do. Home has vaulted ceiling in living area and a 2 car garage with finished storage space above for extra storage. Home has upgraded vinyl fence as well as in ground sprinkler system. Low maintenance is what this home boasts, with your super low HOA fees of $60.00 per month, you won't have to worry about lawn care or snow removal. Appliances are all in very good shape and will be included with an acceptable offer. This home is in the middle of Winfield near everything and just a short distance away from major highways.

7. 2020-01-10
   listed $185,000 753-char remark

   Show marketing remark (753 chars)

   Come see this move-in ready home. This home is conveniently located on a corner lot which makes it easy for you to get in and out of the subdivision. This home was recently painted so mark that one off of your list of things to do. Home has vaulted ceiling in living area and a 2 car garage with finished storage space above for extra storage. Home has upgraded vinyl fence as well as in ground sprinkler system. Low maintenance is what this home boasts, with your super low HOA fees of $60.00 per month, you won't have to worry about lawn care or snow removal. Appliances are all in very good shape and will be included with an acceptable offer. This home is in the middle of Winfield near everything and just a short distance away from major highways.

8. 2015-04-02
   soldstatus $156,000
9. 2015-01-11
   listed $158,000
10. 2009-07-20
    historical
11. 2009-03-28
    listed $164,900
12. 2006-03-02
    historical
13. 2005-12-14
    listed $148,500
14. 2005-03-15
    listed $148,500

ⓘ 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: $2,961 · $247/mo
• Projected year-2 tax: $2,961 · $247/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 (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,900
• − Mortgage interest: −$15,959
• − Property taxes: −$2,961
• − Insurance: −$1,424
• − Repairs & maintenance: −$2,232
• − Management: −$2,232
• − HOA: −$900
• − Depreciation: −$8,288
• Taxable loss: −$6,097
• Est. tax savings @ 24.0%: +$1,463
• After-tax cash flow: $290/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: 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 — Winfield

• Score: 72/100
• State rank: #121
• US rank: #6471

Category grades

Amenities F Commute F Cost of living C+ 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: Winfield, IN
• County: Lake County · 422,878 people
• 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

+91.9% since first listed

14 events — show timeline

• 2026-05-15 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-05-12 Listed $284,900 NIRA MLS as Distributed by MLS Grid
• 2022-09-19 Sold (MLS) $260,000 NIRA MLS as Distributed by MLS Grid
• 2022-08-09 Contingent — NIRA MLS as Distributed by MLS Grid
• 2022-08-05 Listed $258,900 NIRA MLS as Distributed by MLS Grid
• 2020-02-14 Sold (MLS) $184,200 NIRA MLS as Distributed by MLS Grid
• 2020-01-10 Listed $185,000 NIRA MLS as Distributed by MLS Grid
• 2015-04-02 Sold (MLS) $156,000 NIRA MLS as Distributed by MLS Grid
• 2015-01-11 Listed $158,000 NIRA MLS as Distributed by MLS Grid
• 2009-07-20 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2009-03-28 Listed $164,900 NIRA MLS as Distributed by MLS Grid
• 2006-03-02 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2005-12-14 Listed $148,500 NIRA MLS as Distributed by MLS Grid
• 2005-03-15 Listed $148,500 NIRA MLS as Distributed by MLS Grid

Property tax history

+5.1%/yr

Latest (2024): $2,961 · +7.5% YoY. Source: county tax records.