1336 Lost Lock Way · New Haven, IN 46774

$275,000

3 bd · 2.5 ba · 1,902 sqft · SingleFamily public records · 23 Days on market

Built 1995 9,906 sqft lot Est $226k · 21% over $5/mo HOA

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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).

• Cash flow +14.3/30.0
• DSCR +4.4/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful two-story home in Canal Ridge! This well-maintained home offers 1,900 of living space, 3 bedrooms, 2 full/1 half baths, and separate great & family rooms! Upon entry you will notice the ceramic tiled foyer leading to the large great room complete with elevated ceilings, crown molding, neutral paint, and elegant fireplace! Off the great room is the chef's kitchen, which offers a beautiful breakfast bar to prepare meals, tile floors, backsplash, pantry, built-in desk, spacious nook, and plenty of storage! All appliances stay making this a truly turn-key home! The main floor also offers a family room perfect for gathering with guests, laundry room, half bath, and den/office that could be used as a 4th bedroom! Head upstairs to the spacious master suite with his and her walk-in closets, double sink vanity, neutral paint, and plenty of natural light! Two additional spacious bedrooms and another full bathroom can be found upstairs. Additional features of the home include washer/dryer, ceiling fans, neutral paint throughout, laced ceilings, outdoor play set, and beautiful family room built-ins! Entertain guests during the warm summer months with BBQs in your spacious, fenced-in yard while guests enjoy the included play set and fire pit! Your new home has arrived and is waiting for you!

Key facts

• Bright kitchen
• Master suite
• Flex space

Tags

• FENCED LOT
• SEPARATE DEN
• FLEX SPACE
• BRIGHT KITCHEN
• OPEN CONCEPT MAIN LEVEL
• MASTER SUITE

Property features AI

Finance

• HOA & community: Homeowners association with an annual fee of $65 (about $5.42/month); No association amenities listed

Exterior

• Parking: Attached concrete garage with 2 spaces
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); Two stories; Slab foundation
• Construction: Brick and vinyl siding exterior; Shingle roof; Built as a site-built home
• Exterior features: Wood fencing; Corner lot; Level lot; Landscaped yard

Interior

• Kitchen: Disposal; Dishwasher; Microwave; Refrigerator; Electric cooktop; Electric oven
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: Two full bathrooms; One half bathroom; One main-level bathroom
• Heating & cooling: Natural gas heating with forced air; Central air conditioning
• Interior features: Vaulted ceilings; Fireplace in the family room
• Laundry & utility: Washer included; Dryer included; Electric dryer hookup on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $52 ($627/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 $230k (16.5% below list).
• Recommended offer: $230k (16.5% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.8% 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: 180 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $8k 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 23 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y 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 $140k; list at $275k implies a 96% gain — meaningful room to come down on a strong offer.

Recommended offer $229,500 (16.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.83% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.81%
• DSCR: 1.04
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $226,338
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1231 Lost Lock Way	0.09mi	4/2.5 (+1)	1,930 (+2%)	3mo	$250,000	$130	86
1709 N Tyland Blvd	0.33mi	3/2.0	1,920 (+1%)	3mo	$158,000	$82	78
1706 N Tyland Blvd	0.31mi	3/2.0	1,800 (-5%)	2mo	$220,000	$122	73
10805 E Lincoln Hwy	0.33mi	3/2.0	1,868 (-2%)	10mo	$215,000	$115	72
1728 N Tyland Blvd	0.28mi	3/2.0	1,983 (+4%)	8mo	$253,000	$128	71
10804 Keelboat Cv	0.12mi	3/2.5	1,756 (-8%)	20mo	$255,000	$145	65
348 W Tyland Blvd	0.34mi	3/2.0	1,660 (-13%)	5mo	$219,900	$132	57
1234 Summit St	0.59mi	4/2.0 (+1)	1,971 (+4%)	10mo	$210,000	$107	50
332 W Tyland Blvd	0.34mi	4/1.5 (+1)	1,680 (-12%)	11mo	$200,000	$119	46
308 Tylar Pkwy	0.23mi	4/1.5 (+1)	1,638 (-14%)	14mo	$192,500	$118	46
1123 Highland Terrace Dr	0.75mi	3/2.0	1,988 (+4%)	16mo	$142,000	$71	42
1201 Canal St	0.62mi	3/1.5	1,646 (-14%)	9mo	$178,000	$108	37

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: -15.0%
• Equity multiple: 0.46×
• Total profit: $-41,285
• Equity at exit: $41,003

10-year hold

• IRR: -6.5%
• Equity multiple: 0.59×
• Total profit: $-31,873
• Equity at exit: $23,777

Cash invested: $77,000 (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: 180
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,295 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$199 /mo · $2,389/yr
• Insurance: −$115
• HOA: −$5
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $52

Break-even live

Break-even rent $2,229

Max offer price $275,000

Occupancy floor 93%

Sensitivity live

Price	-10% $208	-5% $130	+0% $52	+5% $-26	+10% $-103
Rent	-10% $-129	-5% $-38	+0% $52	+5% $143	+10% $234
Rate	-1.0pp $191	-0.5pp $122	base $52	+0.5pp $-19	+1.0pp $-92

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 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	23d	1	1.49mi

HOA detail

• Monthly dues: $5 · $60/yr

Listing history 17 events

1. 2026-06-21
   days on market $275,000 Active 23 DOM
2. 2026-06-18
   days on market $275,000 Active 20 DOM
3. 2026-06-17
   days on market $275,000 Active 19 DOM
4. 2026-06-16
   days on market $275,000 Active 18 DOM
5. 2026-06-15
   days on market $275,000 Active 17 DOM
6. 2026-06-14
   days on market $275,000 Active 15 DOM
7. 2026-06-13
   pricedays on market $275,000 Active 14 DOM
8. 2026-06-10
   days on market $280,000 Active 12 DOM
9. 2026-06-09
   days on market $280,000 Active 11 DOM
10. 2026-06-08
    days on market $280,000 Active 10 DOM
11. 2026-06-07
    days on market $280,000 Active 9 DOM
12. 2026-06-03
    days on market $280,000 Active 5 DOM
13. 2026-06-02
    days on market $280,000 Active 4 DOM
14. 2026-06-01
    days on market $280,000 Active 3 DOM
15. 2026-05-31
    days on market $280,000 Active 2 DOM
16. 2026-05-30
    remarks 699-char remark
17. 2026-05-30
    listed $280,000 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: $2,389 · $199/mo
• Projected year-2 tax: $2,389 · $199/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 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: $27,540
• − Mortgage interest: −$15,404
• − Property taxes: −$2,389
• − Insurance: −$1,375
• − Repairs & maintenance: −$2,203
• − Management: −$2,203
• − HOA: −$60
• − Depreciation: −$8,000
• Taxable loss: −$4,095
• Est. tax savings @ 24.0%: +$983
• After-tax cash flow: $1,610/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

+93.2% since first listed

3 events — show timeline

• 2026-05-29 Listed $280,000 IRMLS
• 2017-09-15 Sold (MLS) $140,000 IRMLS
• 2017-07-18 Listed $144,900 IRMLS

Property tax history

+3.4%/yr

Latest (2024): $2,389 · +5.5% YoY. Source: county tax records.