Lancia's Bridgeport II Plan · New Haven, IN 46774

$279,500

4 bd · 2.5 ba · 2,278 sqft · SingleFamily · 351 Days on market

Excellent condition $26/mo HOA · 1% of rent

---

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).

• Cash flow +8.1/30.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS IS A SAMPLE PLAN - THIS IS NOT A HOME FOR SALE. Lancia's Bridgeport II is a very spacious 2-story with plenty of room for your family to grow. The Kitchen has a large walk-in Pantry and overlooks the Nook and some of the large Great Room. Cubbie Lockeres in Mudroom off Garage with pocket door. The room off the front door can be made into an Office or Bonus Room. Bonus Room or Loft Area upstairs as well. All 4 Bedrooms upstairs as well as the Laundry Room with linen closet. Owner Suite Bedroom 1 has a Bath with a vanity can accommodate dual sink upgrade, a 5' shower and walk-in closet. A full or partial basement is available.

Key facts

• Linen closet
• Cubbie lockers
• Owner suite

Tags

• WALK-IN PANTRY
• CUBBIE LOCKERS
• OFFICE OR BONUS ROOM
• OWNER SUITE
• LINEN CLOSET
• FULL OR PARTIAL BASEMENT

🏗️ New construction. The $279,500 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $298,814.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $280k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-289 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $257k (8.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $228k (18.4% below list).
• Recommended offer: $228k (18.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#149 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment D, amenities F, commute F.
• East Allen County Schools (suburban): math 36% / reading 47% proficiency, ranked #122 of 301 in IN (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: New Haven Intermediate School (math 28% / reading 29%, grade F, #727 of 994 statewide, top 73%, 589 students, 64% FRL); New Haven Jr/Sr High School (math 21% / reading 50%, grade F, #263 of 369 statewide, top 72%, 1,494 students, 67% FRL) — zoned schools average 66% FRL vs 43% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 221 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,861 units permitted in Allen County in 2024 (576 in 5+ unit buildings).
• This rent runs 39% of the median local income ($71k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Allen County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 351 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.

Recommended offer $228,067 (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. It's been on market 351 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.76% ✗
• Cap rate: 5.13%
• Cash-on-cash: -4.15%
• DSCR: 0.82
• GRM: 10.9

CMA / ARV

• ARV (median comp): $298,814
• List price: $279,500
• Delta: -6.46%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3823 Sun Stone Way	0.15mi	4/2.5	1,994 (-12%)	2mo	$290,000	$145	71
3818 Sun Stone Way	0.13mi	3/2.0 (-1)	2,049 (-10%)	5mo	$320,000	$156	66
9915 N Country Knl	0.25mi	4/2.5	1,987 (-13%)	7mo	$200,000	$101	61
3602 Kirklynn Dr	0.42mi	4/2.0	2,092 (-8%)	9mo	$240,000	$115	58
4132 Purdy Dr #304	0.29mi	3/2.0 (-1)	2,035 (-11%)	6mo	$352,423	$173	57
1412 Berwick Ln	0.47mi	3/2.0 (-1)	2,080 (-9%)	1mo	$249,900	$120	55
1720 Douglas Ln	0.53mi	4/2.5	1,978 (-13%)	0mo	$281,000	$142	53
3922 Scarborough Dr	0.55mi	3/2.5 (-1)	2,490 (+9%)	3mo	$341,000	$137	52
10302 Greenwood Lakes Dr	0.58mi	3/2.0 (-1)	2,125 (-7%)	6mo	$285,000	$134	50
1305 Berwick Ln	0.54mi	3/1.5 (-1)	2,016 (-12%)	2mo	$239,900	$119	45
10216 Runabay Cv	0.64mi	3/2.5 (-1)	2,044 (-10%)	6mo	$275,000	$135	43
3035 Cherokee Run	0.63mi	3/2.5 (-1)	2,607 (+14%)	4mo	$309,900	$119	38

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: -23.3%
• Equity multiple: 0.20×
• Total profit: $-66,796
• Equity at exit: $44,554

10-year hold

• IRR: -17.9%
• Equity multiple: 0.02×
• Total profit: $-81,687
• Equity at exit: $25,836

Cash invested: $83,668 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 31 active · 24 under contract
• Months of supply: 5.5 mo (18%/mo absorbed)
• Median asking: $273,400 ($137/sqft)
• Median days on market: 351 d
• This list price: 58% of active listings are priced below it
• ARV vs active asking: -4.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 46774

• Active inventory: 221
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,281 medium
• Mortgage (P&I): −$1,567
• Tax est. 1.5%: −$374 /mo · $4,482/yr
• Insurance: −$125
• HOA: −$26
• Vacancy / Maint / Mgmt: −$479
• Net cashflow: $-289

Break-even live

Break-even rent $2,647

Max offer price $256,951

Occupancy floor —

Sensitivity live

Price	-10% $-83	-5% $-186	+0% $-289	+5% $-393	+10% $-496
Rent	-10% $-469	-5% $-379	+0% $-289	+5% $-199	+10% $-109
Rate	-1.0pp $-139	-0.5pp $-213	base $-289	+0.5pp $-367	+1.0pp $-446

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: $74,703
• Closing costs: $8,964
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3599 Canal Square Dr New Haven, IN	3.0	2.5	1832	$2,295	$1.25	70d	1	0.16mi
10390 Silver Rock Chase New Haven, IN	4.0	2.5	1767	$2,250	$1.27	93d	1	0.33mi

Listing history 50 events

1. 2026-08-08
   days on market $279,500 Active 351 DOM
2. 2026-08-07
   days on market $279,500 Active 350 DOM
3. 2026-08-06
   days on market $279,500 Active 349 DOM
4. 2026-08-05
   days on market $279,500 Active 348 DOM
5. 2026-08-04
   days on market $279,500 Active 347 DOM
6. 2026-08-03
   days on market $279,500 Active 346 DOM
7. 2026-07-31
   days on market $279,500 Active 343 DOM
8. 2026-07-30
   days on market $279,500 Active 342 DOM
9. 2026-07-29
   days on market $279,500 Active 341 DOM
10. 2026-07-27
    days on market $279,500 Active 339 DOM
11. 2026-07-25
    days on market $279,500 Active 337 DOM
12. 2026-07-23
    days on market $279,500 Active 335 DOM
13. 2026-07-22
    days on market $279,500 Active 334 DOM
14. 2026-07-21
    days on market $279,500 Active 333 DOM
15. 2026-07-18
    days on market $279,500 Active 330 DOM
16. 2026-07-16
    days on market $279,500 Active 328 DOM
17. 2026-07-16
    days on market $279,500 Active 327 DOM
18. 2026-07-14
    days on market $279,500 Active 326 DOM
19. 2026-07-13
    days on market $279,500 Active 325 DOM
20. 2026-07-12
    days on market $279,500 Active 324 DOM
21. 2026-07-11
    days on market $279,500 Active 323 DOM
22. 2026-07-10
    days on market $279,500 Active 322 DOM
23. 2026-07-09
    days on market $279,500 Active 321 DOM
24. 2026-07-08
    days on market $279,500 Active 320 DOM
25. 2026-07-07
    days on market $279,500 Active 319 DOM
26. 2026-07-06
    days on market $279,500 Active 318 DOM
27. 2026-07-05
    days on market $279,500 Active 317 DOM
28. 2026-07-04
    days on market $279,500 Active 316 DOM
29. 2026-07-03
    days on market $279,500 Active 315 DOM
30. 2026-07-02
    days on market $279,500 Active 314 DOM
31. 2026-07-01
    days on market $279,500 Active 313 DOM
32. 2026-06-30
    days on market $279,500 Active 312 DOM
33. 2026-06-29
    days on market $279,500 Active 311 DOM
34. 2026-06-28
    days on market $279,500 Active 310 DOM
35. 2026-06-28
    days on market $279,500 Active 309 DOM
36. 2026-06-27
    days on market $279,500 Active 308 DOM
37. 2026-06-25
    days on market $279,500 Active 306 DOM
38. 2026-06-23
    days on market $279,500 Active 304 DOM
39. 2026-06-21
    days on market $279,500 Active 303 DOM
40. 2026-06-18
    days on market $279,500 Active 300 DOM
41. 2026-06-17
    days on market $279,500 Active 299 DOM
42. 2026-06-16
    days on market $279,500 Active 298 DOM
43. 2026-06-15
    days on market $279,500 Active 297 DOM
44. 2026-06-14
    days on market $279,500 Active 295 DOM
45. 2026-06-13
    days on market $279,500 Active 294 DOM
46. 2026-06-10
    days on market $279,500 Active 292 DOM
47. 2026-06-09
    days on market $279,500 Active 291 DOM
48. 2026-06-08
    days on market $279,500 Active 290 DOM
49. 2026-06-07
    days on market $279,500 Active 289 DOM
50. 2026-06-03
    days on market $279,500 Active 285 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,368
• − Mortgage interest: −$16,738
• − Property taxes: −$4,482
• − Insurance: −$1,494
• − Repairs & maintenance: −$2,189
• − Management: −$2,189
• − HOA: −$312
• − Depreciation: −$8,693
• Taxable loss: −$8,730
• Est. tax savings @ 24.0%: +$2,095
• After-tax cash flow: $-1,376/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 · 6 photos

Excellent 100/100 None rehab

This home is in excellent condition with no visible repairs or maintenance needed. It is move-in ready and would benefit from a fresh coat of paint and landscaping to enhance its curb appeal.

Value-add opportunities

• Both Paint exterior and landscaping — Enhances curb appeal and resale value ↑
• Both Install smart home technology — Improves convenience and marketability ↑
• Both Add smart thermostat — Saves energy and attracts buyers ↑

F Composite school gradezoned avg 36/100

Zoned Schools

Elementary New Haven Primary School High New Haven Jr/sr High School F IN #263/369 Nat'l #9,497/17,239

Schools (NCES district)

• District: East Allen County Schools
• NCES district ID: 1802850
• Math proficiency: 36% ▼ -8.00%
• Reading proficiency: 47% ▼ -4.00%
• Median HH income: $50,524
• Composite: 35.75/100
• National rank: #4849
• State rank: #122 of 301 in IN

B Composite livability gradescore 70/100

Livability — New Haven

• Score: 70/100
• State rank: #149
• US rank: #7499

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Haven, IN
• County: Allen · 394,020 people
• Metro: Fort Wayne, IN
• Population (ZIP): 17,066
• Household income: $70,758
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 9% of renters

---

Population outlook (Allen County) Hauer SSP2

• Today (2025): 394,020 people
• By 2030: 405,128 · +2.8%
• By 2040: 423,476 · +7.5%
• By 2050: 435,137 · +10.4%
• By 2075: 450,293 · +14.3%
• By 2100: 424,101 · +7.6%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 4% Hispanic / Latino 4% Black 3% Asian 1%
• Common ancestry: Lithuanian 5% Italian 2% Slovak 1%
• Foreign-born: 3% · Canada, Philippines
• Languages at home: 89% English-only · German/W. Germanic 6% Spanish 3% Chinese 1%

---

Political lean MEDSL · Allen

• 2024 margin: R (+12.5) · D 42.9% · R 55.4% · Other 1.7%
• 2008→2024 swing: -8.1pp toward R · 2008: -4.3pp · 2024: -12.5pp
• All cycles: 2024: R+12.5 2020: R+11.2 2016: R+19.6 2012: R+16.8 2008: R+4.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -185.27%
• Current HPI: 241.5333
• 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

+0.7% since first listed

2 events — show timeline

• 2026-02-09 Price Changed $274,400 Zillow
• 2025-08-22 Listed $272,500 Zillow