1607 Bear Claw Ln · Huntertown, IN 46845

$299,900

4 bd · 2.5 ba · 2,332 sqft · SingleFamily public records · 19 Days on market

Built 2001 6,970 sqft lot Est $350k · 14% under $12/mo HOA · 1% 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).

• ARV discount +13.9/15.0
• Cash flow +12.3/30.0
• Rent growth +5.0/5.0
• Schools +4.9/10.0
• DSCR +3.7/10.0
• Livability +3.5/5.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Taking Back Up Offers

Key facts

• Spacious kitchen
• Large pantry
• Fenced backyard

Tags

• MULTIPLE LIVING AREAS
• SPACIOUS KITCHEN
• CENTER ISLAND
• LARGE PANTRY
• UPSTAIRS LAUNDRY ROOM
• FENCED BACKYARD

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee (about $144/year; approx. $12/month)

Exterior

• Parking: Attached 2-car garage; Concrete driveway; Off-street parking
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); 2 stories
• Construction: Vinyl siding; Asphalt shingle roof; Slab foundation; Built as site-built home
• Exterior features: Privacy wood fencing; Landscaped, level lot; Shed(s)

Interior

• Kitchen: Disposal; Dishwasher; Microwave; Refrigerator; Gas range; Laminate counters
• Bedrooms: Bedrooms on upper level (number not provided)
• Flooring: Carpet
• Bathrooms: 2 full bathrooms; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Walk-in closets; Eat-in kitchen; Laminate countertops; Gas-log fireplace in the living room
• Laundry & utility: Gas dryer hookup; Upper-level laundry; Water heater (gas); Water softener (owned)

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-53 ($-638/yr) — negative.
• To cash-flow at today's rent, offer at most $291k (3.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $232k (22.6% below list).
• Recommended offer: $232k (22.6% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.1% in Huntertown — 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 70/100 on livability (#159 in IN) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Northwest Allen County Schools (rural): math 51% / reading 58% proficiency, ranked #25 of 301 in IN (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 11% free/reduced lunch — higher-income household profile.
• Zoned schools: Huntertown Elementary School (math 44% / reading 36%, grade F, #494 of 994 statewide, top 50%, 506 students, 38% FRL); Carroll Middle School (math 39% / reading 55%, grade D+, #65 of 330 statewide, top 21%, 994 students, 29% FRL); Carroll High School (math 59% / reading 86%, grade B+, #10 of 369 statewide, top 3%, 2,554 students, 21% FRL) — zoned schools average 29% FRL vs 11% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+10.5%/yr); 224 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 1,861 units permitted in Allen County in 2024 (576 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.
• 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 19 days — a 2% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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 $248k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $232,144 (22.6% 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. 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?
5. 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.
6. 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.
7. 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: 0.77% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.76%
• DSCR: 0.97
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $349,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1109 Holly Ridge Run	0.52mi	3/2.5 (-1)	2,290 (-2%)	1mo	$293,000	$128	67
933 Braymer Trl	0.64mi	3/2.5 (-1)	2,383 (+2%)	1mo	$349,900	$147	61
1514 Colebrook Ct	0.60mi	4/2.5	2,475 (+6%)	3mo	$350,000	$141	59
812 Crimson Cv	0.59mi	4/2.5	2,144 (-8%)	1mo	$345,000	$161	58
1017 Windsor Lake Dr	0.53mi	3/2.5 (-1)	2,488 (+7%)	3mo	$359,000	$144	57
1365 Gateway Trl	0.68mi	4/2.5	2,193 (-6%)	5mo	$328,000	$150	54
12125 Firekat Cv	0.58mi	3/2.5 (-1)	2,140 (-8%)	1mo	$364,900	$171	54
1228 Holly Ridge Run	0.44mi	3/2.5 (-1)	2,600 (+12%)	3mo	$283,000	$109	53
12146 Firekat Cv	0.60mi	3/2.5 (-1)	2,159 (-7%)	4mo	$315,000	$146	51
11203 Glenbarr Dr	0.54mi	3/2.0 (-1)	2,101 (-10%)	1mo	$315,000	$150	51
1435 Breckenridge Pass	0.72mi	4/2.5	2,138 (-8%)	3mo	$325,000	$152	50
828 Perolla Dr	0.74mi	4/2.0	1,988 (-15%)	1mo	$389,900	$196	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -12.6%
• Equity multiple: 0.53×
• Total profit: $-39,792
• Equity at exit: $44,716

10-year hold

• IRR: 2.3%
• Equity multiple: 1.20×
• Total profit: $16,509
• Equity at exit: $25,930

Cash invested: $83,972 (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 46845

• Home prices YoY: -34.6%
• Rents YoY: 10.5%
• Active inventory: 224
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,321 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$177 /mo · $2,129/yr
• Insurance: −$125
• HOA: −$12
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $-53

Break-even live

Break-even rent $2,389

Max offer price $290,512

Occupancy floor 97%

Sensitivity live

Price	-10% $117	-5% $32	+0% $-53	+5% $-138	+10% $-223
Rent	-10% $-237	-5% $-145	+0% $-53	+5% $39	+10% $130
Rate	-1.0pp $98	-0.5pp $23	base $-53	+0.5pp $-131	+1.0pp $-210

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3205 Water Wheel Run Fort Wayne, IN	4.0	2.5	2382	$2,500	$1.05	46d	1	1.26mi

HOA detail

• Monthly dues: $12 · $144/yr

Listing history 14 events

1. 2026-06-21
   days on market $299,900 Active 19 DOM
2. 2026-06-18
   days on market $299,900 Active 16 DOM
3. 2026-06-17
   days on market $299,900 Active 15 DOM
4. 2026-06-16
   days on market $299,900 Active 14 DOM
5. 2026-06-15
   days on market $299,900 Active 13 DOM
6. 2026-06-14
   days on market $299,900 Active 11 DOM
7. 2026-06-13
   days on market $299,900 Active 10 DOM
8. 2026-06-10
   days on market $299,900 Active 8 DOM
9. 2026-06-09
   days on market $299,900 Active 7 DOM
10. 2026-06-09
    price $299,900 Active 6 DOM
11. 2026-06-08
    days on market $315,000 Active 6 DOM
12. 2026-06-07
    days on market $315,000 Active 5 DOM
13. 2026-06-03
    remarks 699-char remark
14. 2026-06-03
    listed $315,000 Active 1 DOM

ⓘ 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: $2,129 · $177/mo
• Projected year-2 tax: $2,339 · $195/mo
• Expected delta: +$210/yr (+$18/mo · 9.9%)

ⓘ 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 3/10 Moderate 7 d/yr ≥101°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,857
• − Mortgage interest: −$16,799
• − Property taxes: −$2,129
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,229
• − Management: −$2,229
• − HOA: −$144
• − Depreciation: −$8,724
• Taxable loss: −$5,896
• Est. tax savings @ 24.0%: +$1,415
• After-tax cash flow: $777/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: Northwest Allen County Schools
• NCES district ID: 1808250
• Math proficiency: 51% ▼ -6.00%
• Reading proficiency: 58% ▼ -5.00%
• Median HH income: $78,952
• Composite: 49.26/100
• National rank: #2027
• State rank: #25 of 301 in IN

Livability — Huntertown

• Score: 70/100
• State rank: #159
• US rank: #7771

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Huntertown, IN
• County: Allen County · 326,813 people
• City population: 326,813
• Metro: Fort Wayne, IN
• Population (ZIP): 29,583
• Household income: $112,676
• Rent vs Own: 16.0% rent · 84.0% own
• Severe rent burden: 467.0

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 (86%)
• Race & ethnicity: White 86% Asian 4% Two or more races 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Italian 4% Romanian 3% Lithuanian 3%
• Foreign-born: 5% · Vietnam, Canada, China
• Languages at home: 93% English-only · Spanish 2% Chinese 1% Vietnamese 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: ▼ -112.27%
• Current HPI: 212.3516
• Rent YoY: ▲ 10.47%
• Metro: Fort Wayne, IN
• 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

+27.0% since first listed

3 events — show timeline

• 2026-06-02 Listed $315,000 IRMLS
• 2021-07-16 Sold (MLS) $248,000 IRMLS
• 2021-06-18 Listed $248,000 IRMLS

Property tax history

+5.4%/yr

Latest (2024): $2,129 · +16.9% YoY. Source: county tax records.