65 Ed McDashowicz Dr · Porter, IN 46304

$162,900

1 bd · 1.0 ba · 924 sqft · SingleFamily public records · 40 Days on market

Built 1934

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Great Location , just couple miles to Indiana Dunes. Home has 2 bedrooms 1 bath LARGE living room with fire place, hardwood floors , kitchen. Washer and dryer hookup gas in utility room , boiler heat Call 219-343-0134 or text Washer and dryer hook up in utility room. New hot water heater , ,New roof 2024 and new sewer line. Home is locate on dead end street , off street parking. Call or text 219-343-0134

Key facts

• Boiler heat
• Fire place
• New hot water heater

Tags

• LARGE LIVING ROOM
• FIRE PLACE
• HARDWOOD FLOORS
• WASHER AND DRYER HOOKUP
• BOILER HEAT
• NEW HOT WATER HEATER

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $163k.

Deal economics

• At list price, monthly cash flow is $-215 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $125k (23.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $119k (26.7% below list).
• Recommended offer: $119k (26.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 79/100 on livability (#26 in IN, #2,234 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• Duneland School Corporation (suburban): math 53% / reading 53% proficiency, ranked #30 of 301 in IN (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Brummitt Elementary School (math 67% / reading 57%, grade B, #101 of 994 statewide, top 12%, 354 students, 28% FRL); Chesterton Middle School (math 48% / reading 51%, grade C, #50 of 330 statewide, top 16%, 884 students, 30% FRL); Chesterton Senior High School (math 49% / reading 72%, grade C+, #45 of 369 statewide, top 12%, 1,981 students, 25% FRL).
• Market conditions: 224 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 27d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 542 units permitted in Porter County in 2024 (0 in 5+ unit buildings).
• This rent is only 16% of the median local income ($91k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Porter County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($158k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1934 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $119,411 (26.7% 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. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. Built in 1934 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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. 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?
7. 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.
8. 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.
9. 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: 0.73% ✗
• Cap rate: 4.71%
• Cash-on-cash: -5.65%
• DSCR: 0.75
• GRM: 11.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -25.9%
• Equity multiple: 0.12×
• Total profit: $-40,034
• Equity at exit: $24,289

10-year hold

• IRR: -22.5%
• Equity multiple: -0.15×
• Total profit: $-52,317
• Equity at exit: $14,085

Cash invested: $45,612 (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 46304

• Active inventory: 224
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,194 medium
• Mortgage (P&I): −$854
• Tax from tax record: −$236 /mo · $2,831/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $-215

Break-even live

Break-even rent $1,466

Max offer price $124,969

Occupancy floor —

Sensitivity live

Price	-10% $-123	-5% $-169	+0% $-215	+5% $-261	+10% $-307
Rent	-10% $-309	-5% $-262	+0% $-215	+5% $-168	+10% $-120
Rate	-1.0pp $-133	-0.5pp $-173	base $-215	+0.5pp $-257	+1.0pp $-300

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: $40,725
• Closing costs: $4,887
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
700 Waverly Rd Chesterton, IN	2.0	1.0	911	$1,125	$1.23	26d	1	0.49mi
111 W Taylor St Chesterton, IN	1.0–2.0	1.0–1.5	866	$1,150	$1.33	45d	1	0.93mi
201 Chesterton Blvd Chesterton, IN	2.0	1.0	936	$1,545	$1.65	19d	1	1.46mi

Listing history 16 events

1. 2026-06-21
   days on market $162,900 Active 40 DOM
2. 2026-06-18
   days on market $162,900 Active 37 DOM
3. 2026-06-17
   days on market $162,900 Active 36 DOM
4. 2026-06-16
   days on market $162,900 Active 35 DOM
5. 2026-06-15
   days on market $162,900 Active 34 DOM
6. 2026-06-13
   days on market $162,900 Active 32 DOM
7. 2026-06-13
   days on market $162,900 Active 31 DOM
8. 2026-06-09
   days on market $162,900 Active 28 DOM
9. 2026-06-08
   days on market $162,900 Active 27 DOM
10. 2026-06-07
    days on market $162,900 Active 26 DOM
11. 2026-06-04
    days on market $162,900 Active 23 DOM
12. 2026-06-03
    days on market $162,900 Active 22 DOM
13. 2026-06-02
    days on market $162,900 Active 21 DOM
14. 2026-06-01
    days on market $162,900 Active 20 DOM
15. 2026-05-31
    days on market $162,900 Active 19 DOM
16. 2026-05-12
    listed $162,900 Active 427-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: $2,831 · $236/mo
• Projected year-2 tax: $2,831 · $236/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 5/10 Major
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,329
• − Mortgage interest: −$9,125
• − Property taxes: −$2,831
• − Insurance: −$814
• − Repairs & maintenance: −$1,146
• − Management: −$1,146
• − Depreciation: −$4,739
• Taxable loss: −$5,473
• Est. tax savings @ 24.0%: +$1,313
• After-tax cash flow: $-1,263/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: Duneland School Corporation
• NCES district ID: 1802800
• Math proficiency: 53% ▼ -4.00%
• Reading proficiency: 53% ▼ -1.00%
• Median HH income: $70,498
• Composite: 47.24/100
• National rank: #2310
• State rank: #30 of 301 in IN

Livability — Porter

• Score: 79/100
• State rank: #26
• US rank: #2234

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Porter, IN
• County: Porter County · 151,647 people
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 28,307
• Household income: $91,326
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 409.0

Population outlook (Porter County) Hauer SSP2

• Today (2025): 177,804 people
• By 2030: 181,552 · +2.1%
• By 2040: 185,830 · +4.5%
• By 2050: 187,498 · +5.5%
• By 2075: 189,585 · +6.6%
• By 2100: 183,722 · +3.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 10% Two or more races 7% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 7% Puerto Rican 2%
• Common ancestry: Romanian 8% Italian 3% Iranian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Russian/Polish/Slavic 1% Other Asian/Pacific 1%

Political lean MEDSL · Porter

• 2024 margin: R (+10.5) · D 43.8% · R 54.3% · Other 1.8%
• 2008→2024 swing: -17.7pp toward R · 2008: 7.2pp · 2024: -10.5pp
• All cycles: 2024: R+10.5 2020: R+6.1 2016: R+6.8 2012: D+3.8 2008: D+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.59%
• Current HPI: 178.7691
• 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

1 event — show timeline

• 2026-05-12 Listed $162,900 FSBO.com

Property tax history

+1.4%/yr

Latest (2024): $2,831 · +5.7% YoY. Source: county tax records.