1210 Harrison St · Lowell, IN 46356

$127,000

3 bd · 1.0 ba · 1,542 sqft · SingleFamily public records · 14 Days on market

Built 1910 0.28 ac lot $82/sqft · 49% below area Est $248k · 49% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.5/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 3-bedroom, 1-bath home situated on a wooded lot offers great potential for your next project. Featuring a new roof and new siding, much of the exterior work is already complete. The interior is ready for your vision and finishing touches. Don't miss the chance to add value and make it your own -- schedule your showing today!

Key facts

• New siding
• Wooded lot
• New roof

Tags

• NEW ROOF
• NEW SIDING
• WOODED LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $127k.

Deal economics

• At list price, monthly cash flow is $966 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $127k).
• Cap rate 15.4% 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; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $878 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 + 3.0% rent growth), your $36k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 3y 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 $95k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,000

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.85% ✓
• Cap rate: 15.42%
• Cash-on-cash: 32.59%
• DSCR: 2.45
• GRM: 4.5

CMA / ARV

• ARV (median comp): $247,906
• List price: $127,000
• Delta: -48.77%
• 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
339 Azalea Ln	0.18mi	3/2.0	1,620 (+5%)	2mo	$289,900	$179	78
303 Burnham St	0.33mi	3/1.0	1,480 (-4%)	1mo	$270,000	$182	77
1507 Harrison St	0.27mi	3/1.5	1,452 (-6%)	6mo	$287,000	$198	70
542 Indiana Ave	0.22mi	3/2.0	1,594 (+3%)	13mo	$295,000	$185	70
128 Halsted St	0.64mi	2/1.0 (-1)	1,568 (+2%)	0mo	$175,000	$112	62
328 Castle St	0.39mi	2/2.0 (-1)	1,504 (-2%)	12mo	$150,000	$100	59
1070 Woodland Ct	0.42mi	3/2.0	1,650 (+7%)	10mo	$283,000	$172	56
404 N Burr St	0.50mi	3/2.0	1,360 (-12%)	1mo	$280,000	$206	52
17519 Marion Dr	0.51mi	3/2.0	1,660 (+8%)	10mo	$310,000	$187	51
17513 Calhoun St	0.50mi	3/1.0	1,336 (-13%)	8mo	$255,000	$191	48
201 Crestline Dr	0.56mi	3/1.5	1,378 (-11%)	8mo	$315,000	$229	48
418 Joe Martin Rd	0.55mi	2/2.0 (-1)	1,332 (-14%)	2mo	$270,000	$203	41

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: 27.7%
• Equity multiple: 2.15×
• Total profit: $40,979
• Equity at exit: $18,936

10-year hold

• IRR: 35.2%
• Equity multiple: 4.24×
• Total profit: $115,067
• Equity at exit: $10,981

Cash invested: $35,560 (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: 4.5×

Monthly cashflow live

• Estimated rent: $2,347 high
• Mortgage (P&I): −$666
• Tax from tax record: −$170 /mo · $2,036/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$493
• Net cashflow: $966

Break-even live

Break-even rent $1,125

Max offer price $127,000

Occupancy floor 54%

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: $31,750
• Closing costs: $3,810
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
445 Cheyenne Dr Lowell, IN	4.0	2.0	1958	$1,895	$0.97	25d	1	1.17mi
4507 W 173rd Ave Lowell, IN	4.0	3.0	1900	$2,800	$1.47	19d	1	1.30mi
510 Creekside Dr Lowell, IN	1.0–2.0	1.0–2.0	962	$1,512	$1.57	1d	7	1.37mi
8301 Kannon Dr Lowell, IN	3.0	2.5	1717	$2,800	$1.63	15d	1	1.42mi
8366 Kannon Dr Lowell, IN	3.0	2.5	1840	$2,550	$1.39	2d	1	1.45mi

Listing history 36 events

1. 2026-06-18
   days on market $127,000 Active 14 DOM
2. 2026-06-17
   days on market $127,000 Active 13 DOM
3. 2026-06-16
   days on market $127,000 Active 12 DOM
4. 2026-06-15
   days on market $127,000 Active 11 DOM
5. 2026-06-13
   days on market $127,000 Active 9 DOM
6. 2026-06-09
   days on market $127,000 Active 5 DOM
7. 2026-06-08
   days on market $127,000 Active 4 DOM
8. 2026-06-07
   statusdays on marketlisting id $127,000 Active 3 DOM
9. 2026-05-17
   historical
10. 2026-05-05
    price $127,000
11. 2026-05-05
    price $12,700
12. 2026-02-16
    listed $127,500 Active
13. 2026-02-01
    historical
14. 2025-12-03
    price $122,500
15. 2025-11-12
    price $127,500
16. 2025-10-22
    price $131,500
17. 2025-10-13
    price $135,000
18. 2025-10-02
    price $140,000
19. 2025-09-16
    listed $145,000 Active
20. 2024-04-11
    soldstatus $95,000 Closed
21. 2024-03-16
    status Pending
22. 2024-03-05
    status Active
23. 2024-02-29
    status Pending
24. 2024-02-22
    historical Active Under Contract
25. 2024-01-29
    price $107,500
26. 2024-01-15
    price $110,000
27. 2023-11-29
    price $119,895
28. 2023-10-30
    listed $119,900 Active
29. 2023-10-24
    historical
30. 2023-10-17
    status Active
31. 2023-10-11
    status Pending
32. 2023-09-15
    historical Active Under Contract
33. 2023-09-13
    price $119,900
34. 2023-09-13
    status Active
35. 2023-08-07
    status Pending
36. 2023-07-23
    listed $125,000 Active

ⓘ 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: $2,036 · $170/mo
• Projected year-2 tax: $2,036 · $170/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 (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 0% 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: $28,169
• − Mortgage interest: −$7,114
• − Property taxes: −$2,036
• − Insurance: −$635
• − Repairs & maintenance: −$2,254
• − Management: −$2,254
• − Depreciation: −$3,695
• Taxable income: $10,182
• Est. tax owed @ 24.0%: −$2,444
• After-tax cash flow: $9,147/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: 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

Price history

+1.6% since first listed

28 events — show timeline

• 2026-05-17 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2026-05-05 Price Changed $127,000 NIRA MLS as Distributed by MLS Grid
• 2026-05-05 Price Changed $12,700 NIRA MLS as Distributed by MLS Grid
• 2026-02-16 Listed $127,500 NIRA MLS as Distributed by MLS Grid
• 2026-02-01 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2025-12-03 Price Changed $122,500 NIRA MLS as Distributed by MLS Grid
• 2025-11-12 Price Changed $127,500 NIRA MLS as Distributed by MLS Grid
• 2025-10-22 Price Changed $131,500 NIRA MLS as Distributed by MLS Grid
• 2025-10-13 Price Changed $135,000 NIRA MLS as Distributed by MLS Grid
• 2025-10-02 Price Changed $140,000 NIRA MLS as Distributed by MLS Grid
• 2025-09-16 Listed $145,000 NIRA MLS as Distributed by MLS Grid
• 2024-04-11 Sold (MLS) $95,000 NIRA MLS as Distributed by MLS Grid
• 2024-03-16 Pending — NIRA MLS as Distributed by MLS Grid
• 2024-03-05 Relisted — NIRA MLS as Distributed by MLS Grid
• 2024-02-29 Pending — NIRA MLS as Distributed by MLS Grid
• 2024-02-22 Contingent — NIRA MLS as Distributed by MLS Grid
• 2024-01-29 Price Changed $107,500 NIRA MLS as Distributed by MLS Grid
• 2024-01-15 Price Changed $110,000 NIRA MLS as Distributed by MLS Grid
• 2023-11-29 Price Changed $119,895 NIRA MLS as Distributed by MLS Grid
• 2023-10-30 Listed $119,900 NIRA MLS as Distributed by MLS Grid
• 2023-10-24 Listing Removed — NIRA MLS as Distributed by MLS Grid
• 2023-10-17 Relisted — NIRA MLS as Distributed by MLS Grid
• 2023-10-11 Pending — NIRA MLS as Distributed by MLS Grid
• 2023-09-15 Contingent — NIRA MLS as Distributed by MLS Grid
• 2023-09-13 Price Changed $119,900 NIRA MLS as Distributed by MLS Grid
• 2023-09-13 Relisted — NIRA MLS as Distributed by MLS Grid
• 2023-08-07 Pending — NIRA MLS as Distributed by MLS Grid
• 2023-07-23 Listed $125,000 NIRA MLS as Distributed by MLS Grid

Property tax history

+3.1%/yr

Latest (2024): $2,036 · +7.2% YoY. Source: county tax records.