Lancia's Springfield I Plan · New Haven, IN 46774

$249,200

3 bd · 2.5 ba · 1,818 sqft · SingleFamily · 303 Days on market

Excellent condition $26/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).

• Cash flow +8.9/30.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +2.8/10.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS IS A SAMPLE PLAN - THIS IS NOT A HOME FOR SALE. Lancia Homes lofted Springfield I has 1,818sq. ft, 4 Bedrooms, 2.5 Baths with the Owner Suite on the Main. Great Room has a vaulted ceiling open to the loft above. Upgrade to a closed off loft-office for another bedroom or closed office! Cubbie Lockers off Garage across from separate Laundry Room. A full basement is available. * Base price does not include land

Key facts

• 2 parking spots
• Listed 303 days

🏗️ New construction. The $249,200 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $267,604.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $249k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-216 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $236k (5.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (15.7% below list).
• Recommended offer: $210k (15.7% 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: schools D+, employment D, amenities 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.
• Market conditions: 179 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 $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 303 days — a 12% lower offer ($219k) is reasonable based on typical stale-listing flexibility.

Recommended offer $210,031 (15.7% 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 303 days. Have you received any prior offers? Is the seller open to a 16% 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: 0.78% ✗
• Cap rate: 5.32%
• Cash-on-cash: -3.46%
• DSCR: 0.85
• GRM: 10.6

CMA / ARV

• ARV (median comp): $267,604
• List price: $249,200
• Delta: -6.88%
• 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
3573 Canal Square Dr	0.13mi	3/2.5	1,832 (+1%)	3mo	$271,592	$148	90
3571 Canal Square Dr	0.13mi	3/2.5	1,832 (+1%)	3mo	$271,592	$148	90
3569 Canal Square Dr	0.17mi	3/2.5	1,832 (+1%)	2mo	$270,149	$147	89
3832 Sun Stone Way	0.15mi	3/3.5	1,878 (+3%)	2mo	$265,000	$141	82
3810 Victoria Lakes Ct	0.13mi	3/2.0	1,620 (-11%)	1mo	$325,000	$201	73
3823 Sun Stone Way	0.15mi	4/2.5 (+1)	1,994 (+10%)	1mo	$290,000	$145	72
10232 Archstone Cv	0.11mi	3/2.0	1,583 (-13%)	2mo	$239,900	$152	70
928 Straford Rd	0.53mi	3/2.0	1,748 (-4%)	2mo	$245,000	$140	66
9510 Arrow Pass Pass	0.63mi	3/2.0	1,866 (+3%)	1mo	$282,000	$151	64
1805 Richfield Dr	0.44mi	4/2.0 (+1)	1,748 (-4%)	3mo	$215,000	$123	63
3936 Sugarhill Run	0.66mi	4/2.5 (+1)	1,875 (+3%)	1mo	$291,900	$156	58
1305 Berwick Ln	0.54mi	3/1.5	2,016 (+11%)	1mo	$239,900	$119	52

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: -22.1%
• Equity multiple: 0.24×
• Total profit: $-57,079
• Equity at exit: $39,901

10-year hold

• IRR: -16.0%
• Equity multiple: 0.10×
• Total profit: $-67,233
• Equity at exit: $23,137

Cash invested: $74,929 (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: 179
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,100 medium
• Mortgage (P&I): −$1,403
• Tax est. 1.5%: −$335 /mo · $4,014/yr
• Insurance: −$112
• HOA: −$26
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $-216

Break-even live

Break-even rent $2,374

Max offer price $236,333

Occupancy floor —

Sensitivity live

Price	-10% $-31	-5% $-124	+0% $-216	+5% $-309	+10% $-401
Rent	-10% $-382	-5% $-299	+0% $-216	+5% $-133	+10% $-50
Rate	-1.0pp $-81	-0.5pp $-148	base $-216	+0.5pp $-285	+1.0pp $-356

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: $66,901
• Closing costs: $8,028
• Reserves months: —
• Total cash needed: —

Rent comps 3 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	22d	1	0.16mi
3591 Canal Square Dr New Haven, IN	3.0	1.5	1467	$1,695	$1.16	45d	1	0.20mi
10390 Silver Rock Chase New Haven, IN	4.0	2.5	1767	$2,250	$1.27	45d	1	0.33mi

HOA detail

• Monthly dues: $26 · $312/yr

Listing history 18 events

1. 2026-06-21
   days on market $249,200 Active 303 DOM
2. 2026-06-18
   days on market $249,200 Active 300 DOM
3. 2026-06-17
   days on market $249,200 Active 299 DOM
4. 2026-06-16
   days on market $249,200 Active 298 DOM
5. 2026-06-15
   days on market $249,200 Active 297 DOM
6. 2026-06-14
   days on market $249,200 Active 295 DOM
7. 2026-06-13
   days on market $249,200 Active 294 DOM
8. 2026-06-10
   days on market $249,200 Active 292 DOM
9. 2026-06-09
   days on market $249,200 Active 291 DOM
10. 2026-06-08
    days on market $249,200 Active 290 DOM
11. 2026-06-07
    days on market $249,200 Active 289 DOM
12. 2026-06-03
    days on market $249,200 Active 285 DOM
13. 2026-06-02
    pricedays on market $249,200 Active 284 DOM
14. 2026-06-01
    days on market $244,300 Active 283 DOM
15. 2026-05-31
    days on market $244,300 Active 282 DOM
16. 2026-05-30
    days on market $244,300 Active 281 DOM
17. 2026-02-09
    price $244,300 416-char remark

    Show marketing remark (416 chars)

    THIS IS A SAMPLE PLAN - THIS IS NOT A HOME FOR SALE. Lancia Homes lofted Springfield I has 1,818sq. ft, 4 Bedrooms, 2.5 Baths with the Owner Suite on the Main. Great Room has a vaulted ceiling open to the loft above. Upgrade to a closed off loft-office for another bedroom or closed office! Cubbie Lockers off Garage across from separate Laundry Room. A full basement is available. * Base price does not include land

18. 2025-08-22
    listed $242,300 Active 416-char remark

    Show marketing remark (416 chars)

    THIS IS A SAMPLE PLAN - THIS IS NOT A HOME FOR SALE. Lancia Homes lofted Springfield I has 1,818sq. ft, 4 Bedrooms, 2.5 Baths with the Owner Suite on the Main. Great Room has a vaulted ceiling open to the loft above. Upgrade to a closed off loft-office for another bedroom or closed office! Cubbie Lockers off Garage across from separate Laundry Room. A full basement is available. * Base price does not include land

ⓘ 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: $25,204
• − Mortgage interest: −$14,990
• − Property taxes: −$4,014
• − Insurance: −$1,338
• − Repairs & maintenance: −$2,016
• − Management: −$2,016
• − HOA: −$312
• − Depreciation: −$7,785
• Taxable loss: −$7,268
• Est. tax savings @ 24.0%: +$1,744
• After-tax cash flow: $-849/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 · 1 photo

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 minor updates to enhance its curb appeal and interior aesthetics.

Value-add opportunities

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics
• Both Landscaping — Enhances curb appeal and can attract more buyers
• Both New flooring — Can improve the look and feel of the home
• Both New kitchen appliances — Modernizes the kitchen and can attract more buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Painting — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Landscaping — Enhances curb appeal and can attract more buyers ↑
• Both New flooring — Can improve the look and feel of the home ↑
• Both New kitchen appliances — Modernizes the kitchen and can attract more buyers ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

+0.8% since first listed

2 events — show timeline

• 2026-02-09 Price Changed $244,300 Zillow
• 2025-08-22 Listed $242,300 Zillow