7927 Taney Pl · Merrillville, IN 46410

$197,700

2 bd · 1.0 ba · 1,416 sqft · SingleFamily public records · 5 Days on market

Built 1964 0.26 ac lot $140/sqft · 13% below area Est $227k · 13% 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 +18.9/30.0
• ARV discount +13.3/15.0
• DSCR +6.0/10.0
• Livability +3.8/5.0
• 1% rule +3.7/10.0
• Rent growth +3.5/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Impeccably Maintained RANCH and Conveniently Located with Easy Access to Hwy. 30 and For a Commute or Day Away to Chicagoland! TWO Everyday Living Spaces That Offer Plenty of Room. .. .Living Room with Fireplace and Beautiful Bay Window Letting in A Ton of Natural Light. Second Living Room Space on the Other Side of the Kitchen. Lots of Room for Prep and Cooking in the Kitchen and Offers a Nice Sized Eat-in Area. .. Plenty of Space for a Four or Six Seating Area. FULL Bath is Huge with a Double Vanity, Tub and Shower! Bedrooms are Spacious and Flooring is in Good Conditiion. Yard is Landscaped and Offers Privacy in Several Areas Including a Large Patio Area for Everyday, Entertaining and G

Key facts

• Eat-in area
• Natural light
• Bay window

Tags

• EASY ACCESS TO HWY 30
• LIVING ROOM WITH FIREPLACE
• BAY WINDOW
• NATURAL LIGHT
• SECOND LIVING ROOM SPACE
• EAT-IN AREA

Property features AI

Exterior

• Parking: Garage with opener (1 car); Driveway; On-street parking; Concrete surfaces; Garage faces front
• Utilities: Public water; Public sewer; Electricity connected (100 amp service)
• Home design: Single-story home; Built in 1964
• Construction: Asphalt roof; Other construction materials
• Exterior features: Covered patio; Neighborhood view; No pool

Interior

• Kitchen: Electric cooktop; Refrigerator
• Bedrooms: Primary bedroom; Second bedroom
• Flooring: Carpet; Other flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air; Ceiling fans
• Interior features: Ceiling fans; Laminate counters; Granite counters; Eat-in kitchen; Double vanity; Gas log fireplace in the living room
• Laundry & utility: Laundry area (other)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $198k.

Deal economics

• At list price, monthly cash flow is $202 ($2k/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 $172k (12.8% below list).
• Recommended offer: $172k (12.8% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 4.7% in Merrillville — 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 (#50 in IN, #3,393 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, amenities F, health & safety D-.
• Merrillville Community School Corporation (suburban): math 22% / reading 36% proficiency, ranked #240 of 301 in IN (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+4.1%/yr); 264 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 1,642 units permitted in Lake County in 2024 (14 in 5+ unit buildings).
• This rent runs 32% of the median local income ($64k/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 $1k of loan paydown is wiped out by about $6k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $172,464 (12.8% below list)

Questions for the listing agent

1. Built in 1964 — 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. 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?
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: 0.87% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.39%
• DSCR: 1.20
• GRM: 9.6

CMA / ARV

• ARV (median comp): $227,182
• List price: $197,700
• Delta: -12.98%
• 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
7927 Taney Pl	0.00mi	2/1.0	1,416 (0%)	1mo	$200,000	$141	99
7825 Marshall Pl	0.10mi	3/2.0 (+1)	1,353 (-4%)	6mo	$280,000	$207	74
7905 Marshall St	0.17mi	2/2.0	1,600 (+13%)	2mo	$227,000	$142	65
7705 Independence St	0.38mi	3/2.0 (+1)	1,404 (-1%)	9mo	$226,000	$161	64
2517 W 82nd Ave	0.41mi	3/2.0 (+1)	1,480 (+4%)	8mo	$219,900	$149	57
7468 Wilson Pl	0.66mi	3/2.0 (+1)	1,478 (+4%)	4mo	$329,900	$223	50
2956 W 75th Ln	0.49mi	3/2.0 (+1)	1,508 (+6%)	9mo	$210,000	$139	50
8409 Ellsworth Ct	0.64mi	3/2.0 (+1)	1,375 (-3%)	8mo	$187,000	$136	49
7465 Jennings Pl	0.65mi	3/2.0 (+1)	1,478 (+4%)	8mo	$336,810	$228	46
8228 Rutledge St	0.50mi	3/1.5 (+1)	1,623 (+15%)	2mo	$259,000	$160	43
7719 Bigger St	0.61mi	3/2.5 (+1)	1,569 (+11%)	3mo	$266,900	$170	40
7407 Taney Pl	0.67mi	3/2.0 (+1)	1,504 (+6%)	11mo	$249,900	$166	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 · 4.1% rent growth · sell at horizon

5-year hold

• IRR: -8.4%
• Equity multiple: 0.69×
• Total profit: $-17,322
• Equity at exit: $29,478

10-year hold

• IRR: 2.2%
• Equity multiple: 1.17×
• Total profit: $9,197
• Equity at exit: $17,093

Cash invested: $55,356 (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 46410

• Rents YoY: 4.1%
• Active inventory: 264
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,725 high
• Mortgage (P&I): −$1,037
• Tax from tax record: −$41 /mo · $492/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $202

Break-even live

Break-even rent $1,469

Max offer price $197,700

Occupancy floor 83%

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: $49,425
• Closing costs: $5,931
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3331 W 78th Pl Merrillville, IN	3.0	1.0	1200	$1,750	$1.46	4d	1	0.27mi
7716 Noble St Merrillville, IN	3.0	1.0	1300	$1,595	$1.23	3d	1	0.54mi
8413 Jennings Pl Merrillville, IN	2.0	2.0	1457	$2,474	$1.70	1d	24	0.71mi
3950 W 76th Ln Unit B Merrillville, IN	3.0	1.0	1040	$1,500	$1.44	12d	1	0.77mi
8201 Polo Club Dr Merrillville, IN	1.0–3.0	1.0–2.0	1200	$1,708	$1.42	2d	18	0.82mi
7302 W Taft St Unit A Merrillville, IN	3.0	1.0	1080	$1,510	$1.40	44d	1	0.86mi
7363 Bigger St Merrillville, IN	2.0	1.0	1720	$1,500	$0.87	20d	1	0.93mi
3753 W 73rd Pl Unit 3753 Merrillville, IN	3.0	1.5	1250	$1,700	$1.36	44d	1	0.95mi
4202 W 76th Ct Merrillville, IN	3.0	2.0	1608	$2,400	$1.49	1d	1	0.95mi
3710 W 73rd Pl Unit 3714 W 73rd Place, Merrillville, IN 46410 Merrillville, IN	2.0	1.5	1150	$1,450	$1.26	7d	1	0.95mi
4059 W 73rd Ave Unit C Merrillville, IN	2.0	1.5	1200	$1,495	$1.25	1d	1	1.10mi
8400 Grant Cir Merrillville, IN	1.0–2.0	1.0–2.0	904	$1,720	$1.90	1d	10	1.18mi
8127 Mount Ct Unit D Crown Point, IN	2.0	1.0	900	$1,225	$1.36	10d	1	1.36mi
691 W 77th Ave Unit 691 Merrillville, IN	3.0	2.0	1300	$2,300	$1.77	7d	1	1.43mi
7726 Durbin St Schererville, IN	3.0	1.5	1008	$1,995	$1.98	1d	1	1.45mi

Listing history 2 events

1. 2026-05-07
   status Pending 743-char remark
2. 2026-05-02
   listed $197,700 Active 743-char remark

ⓘ 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: $492 · $41/mo
• Projected year-2 tax: $1,086 · $91/mo
• Expected delta: +$594/yr (+$50/mo · 120.7%)

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,696
• − Mortgage interest: −$11,074
• − Property taxes: −$492
• − Insurance: −$988
• − Repairs & maintenance: −$1,656
• − Management: −$1,656
• − Depreciation: −$5,751
• Taxable loss: −$922
• Est. tax savings @ 24.0%: +$221
• After-tax cash flow: $2,649/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: Merrillville Community School Corporation
• NCES district ID: 1809690
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 36% ▼ -8.00%
• Median HH income: $54,401
• Composite: 25.74/100
• National rank: #7375
• State rank: #240 of 301 in IN

Livability — Merrillville

• Score: 76/100
• State rank: #50
• US rank: #3393

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Merrillville, IN
• County: Lake County · 422,878 people
• City population: 39,243
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 39,243
• Household income: $64,127
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1644.0

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 0.66)
• Race & ethnicity: Black 46% White 32% Hispanic / Latino 16% Two or more races 9% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 3%
• Common ancestry: Romanian 4% Iranian 2% Italian 1%
• Foreign-born: 7% · Canada
• Languages at home: 88% English-only · Spanish 7% 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: ▼ -180.11%
• Current HPI: 240.8833
• Rent YoY: ▲ 4.10%
• 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

+1.2% since first listed

3 events — show timeline

• 2026-05-29 Sold (MLS) $200,000 NIRA MLS as Distributed by MLS Grid
• 2026-05-07 Pending — NIRA MLS as Distributed by MLS Grid
• 2026-05-02 Listed $197,700 NIRA MLS as Distributed by MLS Grid

Property tax history

+14.0%/yr

Latest (2024): $492 · +23.3% YoY. Source: county tax records.