1443 Bedford Dr · New Haven, IN 46774

$160,000

3 bd · 1.0 ba · 1,213 sqft · SingleFamily public records · 2 Days on market

Built 1960 0.30 ac lot $132/sqft · 9% below area Est $177k · 10% under ↓ 23% since listing

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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 +16.4/30.0
• ARV discount +11.8/15.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• 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

Beat the summer rush with this move-in-ready 3-bedroom home! Offering 1,215 sq. ft. of comfortable, one-story living, this property is designed for those who value both relaxation and reliability. The standout feature? A 3-year-old roof that provides immediate "big ticket" relief for years to come. The heart of the home is the fantastic sunroom, acting as a brilliant extension of your living space just in time for the warmer weather. Whether you’re hosting friends or seeking a quiet suburban escape, you’ll love the tight-knit feel of this New Haven community. With easy access to local green spaces and parks, this home offers a balanced lifestyle that's hard to find.

Key facts

• 0.3 acre lot
• Built 1960
• Listed 2 days

Property features AI

Exterior

• Parking: Concrete parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); 1 story; Slab foundation
• Construction: Vinyl siding; Asphalt roof; Built as site-built construction
• Exterior features: Shed(s); Located on a cul-de-sac

Interior

• Kitchen: Gas cooktop; Microwave; Refrigerator
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Window treatments; 1 fireplace
• Laundry & utility: Washer and dryer on main level; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/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 $151k (5.3% below list).
• Recommended offer: $151k (5.3% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $5k 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 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $151,440 (5.3% below list)

Questions for the listing agent

1. Built in 1960 — 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: 0.95% ✗
• Cap rate: 6.97%
• Cash-on-cash: 2.43%
• DSCR: 1.11
• GRM: 8.8

CMA / ARV

• ARV (median comp): $176,911
• List price: $160,000
• Delta: -9.56%
• 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
1606 Melbourne Dr	0.11mi	3/1.5	1,176 (-3%)	3mo	$193,000	$164	85
417 Sara Dr	0.14mi	3/1.0	1,280 (+6%)	2mo	$176,900	$138	82
1706 Sherbrook Dr	0.25mi	3/1.5	1,248 (+3%)	9mo	$170,000	$136	74
1407 Melbourne Dr	0.11mi	3/1.0	1,066 (-12%)	2mo	$170,000	$159	73
1186 Braeburn Dr	0.30mi	3/1.5	1,300 (+7%)	3mo	$170,000	$131	69
1356 Melbourne Dr	0.13mi	3/1.5	1,378 (+14%)	6mo	$189,500	$138	64
546 Kirkmore Dr	0.34mi	3/1.0	1,345 (+11%)	5mo	$176,000	$131	62
1345 Melbourne Dr	0.16mi	4/2.0 (+1)	1,378 (+14%)	10mo	$222,000	$161	53
579 Courtney Dr	0.48mi	3/1.0	1,350 (+11%)	8mo	$175,000	$130	52
1176 Melbourne Dr	0.38mi	4/1.0 (+1)	1,361 (+12%)	8mo	$120,000	$88	50
1142 Melbourne Dr	0.44mi	4/1.5 (+1)	1,376 (+13%)	6mo	$113,775	$83	45
1010 Courtney Dr	0.62mi	3/1.5	1,050 (-13%)	11mo	$142,000	$135	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: -12.4%
• Equity multiple: 0.55×
• Total profit: $-20,130
• Equity at exit: $23,857

10-year hold

• IRR: -3.3%
• Equity multiple: 0.78×
• Total profit: $-10,002
• Equity at exit: $13,834

Cash invested: $44,800 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,514 medium
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,400/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $91

Break-even live

Break-even rent $1,400

Max offer price $160,000

Occupancy floor 89%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
920 Courtney Dr New Haven, IN	3.0	1.5	1000	$1,499	$1.50	13d	1	0.58mi
3591 Canal Square Dr New Haven, IN	3.0	1.5	1467	$1,695	$1.16	43d	1	1.37mi
1155 Hartzell St New Haven, IN	2.0	1.0	720	$1,300	$1.81	43d	1	1.46mi

Listing history 5 events

1. 2026-05-14
   status Pending 696-char remark
2. 2026-05-12
   listed $160,000 Active 696-char remark
3. 2026-05-01
   historical $160,000 696-char remark
4. 2025-11-12
   price $199,999
5. 2025-10-07
   listed $207,199 Active

ⓘ 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 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: $18,173
• − Mortgage interest: −$8,962
• − Property taxes: −$2,400
• − Insurance: −$800
• − Repairs & maintenance: −$1,454
• − Management: −$1,454
• − Depreciation: −$4,655
• Taxable loss: −$1,552
• Est. tax savings @ 24.0%: +$372
• After-tax cash flow: $1,460/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

-22.8% since first listed

5 events — show timeline

• 2026-05-14 Pending — IRMLS
• 2026-05-12 Listed $160,000 IRMLS
• 2026-05-01 Coming Soon $160,000 IRMLS
• 2025-11-12 Price Changed $199,999 IRMLS
• 2025-10-07 Listed $207,199 IRMLS

Property tax history

+0.0%/yr

Latest (2019): $5 · +0.0% YoY. Source: county tax records.