1418 Deveron Dr · New Haven, IN 46774

$215,900

3 bd · 1.5 ba · 1,382 sqft · SingleFamily public records · 3 Days on market

Built 1964 8,276 sqft lot $156/sqft · at area comps Est $219k · at est.

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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).

• Cash flow +19.1/30.0
• ARV discount +8.2/15.0
• DSCR +6.0/10.0
• 1% rule +4.3/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bed, 1.5 bath home is the best of both worlds; could be move in ready or perfect for an investor looking for a quick fixer-upper. Conveniently located just down the road from New Haven High School. Enjoy the privacy of a wooded creek flowing directly behind the house. Priced to move, don't miss out on this opportunity. See agent remarks!

Key facts

• Newer furnace
• Updated bathrooms
• Updated countertops

Tags

• UPDATED COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• NEWER VINYL PLANK FLOORING
• BRAND NEW WINDOWS
• UPDATED BATHROOMS
• NEWER FURNACE

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); One-story home; Faces (not specified)
• Construction: Aluminum siding; Slab foundation; Built (year not specified)
• Exterior features: Covered porch; Patio; Chain link fencing; Shed(s); Level lot

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Gas range
• Bathrooms: 1 full bathroom; 1 half bathroom; 2 main-level bathrooms
• Heating & cooling: Natural gas heating with forced air; Central air conditioning; Gas water heater
• Interior features: Wood-burning fireplace in family room; 8 total rooms
• Laundry & utility: Washer; Dryer; Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $216k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/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 $201k (6.9% below list).
• Recommended offer: $201k (6.9% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.9% in New Haven — 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 (#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 Primary School (470 students, 61% 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 64% FRL vs 43% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 176 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $1k of loan paydown is wiped out by about $6k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y 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.

Recommended offer $200,900 (6.9% 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. 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: 0.93% ✗
• Cap rate: 7.57%
• Cash-on-cash: 4.56%
• DSCR: 1.20
• GRM: 9.0

CMA / ARV

• ARV (median comp): $219,077
• List price: $215,900
• Delta: -1.45%
• 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
1418 Deveron Dr	0.00mi	3/1.5	1,382 (0%)	1mo	$215,900	$156	99
1547 Tartan Ln	0.24mi	3/1.5	1,400 (+1%)	2mo	$215,000	$154	85
3706 Norland Ln	0.32mi	3/1.5	1,340 (-3%)	4mo	$199,900	$149	77
1717 E Macgregor Dr	0.28mi	3/1.5	1,344 (-3%)	8mo	$206,900	$154	76
1524 Macpherson Dr	0.29mi	3/2.0	1,333 (-4%)	7mo	$212,500	$159	73
3942 Olivene Cv	0.44mi	3/2.0	1,410 (+2%)	3mo	$232,000	$165	72
4027 Centerstone Pkwy	0.41mi	3/2.0	1,415 (+2%)	4mo	$289,900	$205	72
1542 Tartan Ln	0.25mi	3/1.5	1,236 (-11%)	4mo	$190,900	$154	68
10232 Archstone Cv	0.21mi	3/2.0	1,583 (+14%)	2mo	$239,900	$152	62
1503 Glencoe Blvd	0.56mi	3/1.5	1,470 (+6%)	2mo	$212,800	$145	61
1506 Tartan Ct	0.20mi	4/2.0 (+1)	1,557 (+13%)	6mo	$214,900	$138	58
10364 Silver Rock Chase	0.51mi	3/2.0	1,509 (+9%)	3mo	$297,900	$197	56

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: -9.2%
• Equity multiple: 0.66×
• Total profit: $-20,418
• Equity at exit: $32,191

10-year hold

• IRR: 0.2%
• Equity multiple: 1.01×
• Total profit: $832
• Equity at exit: $18,667

Cash invested: $60,452 (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 46774

• Active inventory: 176
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,009 medium
• Mortgage (P&I): −$1,132
• Tax from tax record: −$135 /mo · $1,625/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $230

Break-even live

Break-even rent $1,718

Max offer price $215,900

Occupancy floor 84%

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: $53,975
• Closing costs: $6,477
• Reserves months: —
• Total cash needed: —

Rent comps 4 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	21d	1	0.17mi
3591 Canal Square Dr New Haven, IN	3.0	1.5	1467	$1,695	$1.16	44d	1	0.28mi
10390 Silver Rock Chase New Haven, IN	4.0	2.5	1767	$2,250	$1.27	44d	1	0.46mi
1135 Summit St New Haven, IN	2.0	1.0	1061	$1,025	$0.97	21d	1	1.13mi

Listing history 4 events

1. 2026-05-04
   status Pending 1137-char remark
2. 2026-05-01
   listed $215,900 Active 1137-char remark
3. 2018-08-10
   soldstatus $85,000 346-char remark

   Show marketing remark (346 chars)

   This 3 bed, 1.5 bath home is the best of both worlds; could be move in ready or perfect for an investor looking for a quick fixer-upper. Conveniently located just down the road from New Haven High School. Enjoy the privacy of a wooded creek flowing directly behind the house. Priced to move, don't miss out on this opportunity. See agent remarks!

4. 2018-07-14
   listed $85,000 346-char remark

   Show marketing remark (346 chars)

   This 3 bed, 1.5 bath home is the best of both worlds; could be move in ready or perfect for an investor looking for a quick fixer-upper. Conveniently located just down the road from New Haven High School. Enjoy the privacy of a wooded creek flowing directly behind the house. Priced to move, don't miss out on this opportunity. See agent remarks!

ⓘ 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: $1,625 · $135/mo
• Projected year-2 tax: $1,730 · $144/mo
• Expected delta: +$105/yr (+$9/mo · 6.5%)

ⓘ 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 ≥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: $24,108
• − Mortgage interest: −$12,094
• − Property taxes: −$1,625
• − Insurance: −$1,080
• − Repairs & maintenance: −$1,929
• − Management: −$1,929
• − Depreciation: −$6,281
• Taxable loss: −$828
• Est. tax savings @ 24.0%: +$199
• After-tax cash flow: $2,953/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: 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

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
• Population (ZIP): 17,066

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

+154.0% since first listed

5 events — show timeline

• 2026-05-29 Sold (MLS) $215,900 IRMLS
• 2026-05-04 Pending — IRMLS
• 2026-05-01 Listed $215,900 IRMLS
• 2018-08-10 Sold (MLS) $85,000 IRMLS
• 2018-07-14 Listed $85,000 IRMLS

Property tax history

+17.4%/yr

Latest (2024): $1,625 · +29.6% YoY. Source: county tax records.