8764 National Rd SW Lot 122 · Etna, OH 43062

$74,900

3 bd · 2.0 ba · 1,216 sqft · SingleFamily · 20 Days on market

Built 2000 Good condition Est $57k · 31% over $500/mo HOA · 20% of rent

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.4/10.0
• Condition / age +3.8/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this beautifully updated 2000 Redman 16x80 manufactured home located in desirable Willowbrook Terrace Manufactured Housing Community! Offering approximately 1,216 sq. ft. of living space, this spacious home features 3 bedrooms and 2 full baths with updates throughout. Enjoy peace of mind with a new roof, new furnace and new central A/C, along with newer windows, fresh paint, and new flooring throughout. This move-in ready home combines comfort, style and value at an affordable price.

Key facts

• New furnace
• Fresh paint
• Newer windows

Tags

• UPDATED MANUFACTURED HOME
• NEW ROOF
• NEW FURNACE
• NEW CENTRAL A/C
• NEWER WINDOWS
• FRESH PAINT

Property features AI

Finance

• HOA & community: Homeowners association with a $500 monthly fee; HOA covers trash and snow removal; Association contact: 614-597-1038

Exterior

• Utilities: Public water; Public sewer
• Home design: One-story home; Other residential without deeded land
• Construction: Built in 2000; No common walls
• Exterior features: Other foundation

Interior

• Bedrooms: Three main-level bedrooms
• Bathrooms: Two full bathrooms
• Interior features: Living area approximately 1,216

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $991 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $75k).
• Recommended offer: $74k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#309 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: schools D, amenities F, commute F.
• Southwest Licking Local (rural): math 59% / reading 62% proficiency, ranked #243 of 656 in OH (top 37%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 160 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.

Recommended offer $73,776 (1.5% 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. 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.
5. 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.
6. 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: 3.40% ✓
• Cap rate: 22.18%
• Cash-on-cash: 56.72%
• DSCR: 3.52
• GRM: 2.5

CMA / ARV

• ARV (on-the-fly): $57,152
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8764 National Rd SW #118	0.00mi	3/2.0	1,120 (-8%)	8mo	$44,850	$40	80
8764 National Rd SW #143	0.17mi	3/2.0	1,216 (0%)	17mo	$62,500	$51	78
8764 National Rd SW Lot 105	0.08mi	3/2.0	1,216 (0%)	23mo	$56,850	$47	77

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: 55.3%
• Equity multiple: 3.45×
• Total profit: $51,348
• Equity at exit: $11,168

10-year hold

• IRR: 60.4%
• Equity multiple: 7.08×
• Total profit: $127,419
• Equity at exit: $6,476

Cash invested: $20,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43062

• Active inventory: 160
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $2,543 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,124/yr
• Insurance: −$31
• HOA: −$500
• Vacancy / Maint / Mgmt: −$534
• Net cashflow: $991

Break-even live

Break-even rent $1,288

Max offer price $74,900

Occupancy floor 56%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9526 Watkins Rd SW Etna, OH	3.0	2.0	1372	$2,500	$1.82	21d	1	0.63mi
9760 Ashley River DR Etna, OH	1.0–3.0	1.0–2.0	917	$2,090	$2.28	2d	1	1.45mi

HOA detail

• Monthly dues: $500 · $6,000/yr

Listing history 15 events

1. 2026-06-18
   days on market $74,900 Active 20 DOM
2. 2026-06-17
   days on market $74,900 Active 19 DOM
3. 2026-06-16
   days on market $74,900 Active 18 DOM
4. 2026-06-15
   days on market $74,900 Active 17 DOM
5. 2026-06-13
   days on market $74,900 Active 15 DOM
6. 2026-06-13
   days on market $74,900 Active 14 DOM
7. 2026-06-09
   days on market $74,900 Active 11 DOM
8. 2026-06-08
   days on market $74,900 Active 10 DOM
9. 2026-06-07
   days on market $74,900 Active 9 DOM
10. 2026-06-05
    days on market $74,900 Active 6 DOM
11. 2026-06-03
    days on market $74,900 Active 5 DOM
12. 2026-06-02
    days on market $74,900 Active 4 DOM
13. 2026-06-01
    days on market $74,900 Active 3 DOM
14. 2026-05-31
    days on market $74,900 Active 2 DOM
15. 2026-05-29
    listed $74,900 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 ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,516
• − Mortgage interest: −$4,196
• − Property taxes: −$1,124
• − Insurance: −$374
• − Repairs & maintenance: −$2,441
• − Management: −$2,441
• − HOA: −$6,000
• − Depreciation: −$2,179
• Taxable income: $11,761
• Est. tax owed @ 24.0%: −$2,823
• After-tax cash flow: $9,074/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 · 12 photos

Good 75/100 Cosmetic rehab

This move-in ready manufactured home offers a good condition with minor updates needed to enhance its resale and rental value.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance
• Minor Bathroom fixtures — Dated appearance

Value-add opportunities

• Both Paint fresh coat — Enhances curb appeal and interior
• Both Replace worn cabinets — Improves functionality and aesthetics
• Both Update bathroom fixtures — Enhances functionality and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn appearance	Minor	$500–3,000
Bathroom fixtures · Dated appearance	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Paint fresh coat — Enhances curb appeal and interior ↑
• Both Replace worn cabinets — Improves functionality and aesthetics ↑
• Both Update bathroom fixtures — Enhances functionality and aesthetics ↑

ⓘ 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: Southwest Licking Local
• NCES district ID: 3904804
• Math proficiency: 59% ▼ -13.00%
• Reading proficiency: 62% ▼ -9.00%
• Median HH income: $72,711
• Composite: 53.66/100
• National rank: #1432
• State rank: #243 of 656 in OH

Livability — Etna

• Score: 73/100
• State rank: #309
• US rank: #5007

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

• County: Licking County · 109,194 people
• Metro: Columbus, OH
• Population (ZIP): 32,037
• Household income: $105,968
• Rent vs Own: 18.4% rent · 81.6% own
• Severe rent burden: 316.0

Population outlook (Licking County) Hauer SSP2

• Today (2025): 178,210 people
• By 2030: 180,917 · +1.5%
• By 2040: 183,885 · +3.2%
• By 2050: 182,985 · +2.7%
• By 2075: 178,377 · +0.1%
• By 2100: 161,075 · -9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Asian 8% Two or more races 6% Black 5% Hispanic / Latino 4%
• Common ancestry: Slovak 3% Romanian 2% Scotch-Irish 2%
• Foreign-born: 9% · India, Canada
• Languages at home: 88% English-only · Other Indo-European 7% Spanish 2% Arabic 1%

Political lean MEDSL · Licking

• 2024 margin: Solid R (+30.0) · D 34.5% · R 64.6%
• 2008→2024 swing: -14.2pp toward R · 2008: -15.8pp · 2024: -30.0pp
• All cycles: 2024: R+30.0 2020: R+28.1 2016: R+28.9 2012: R+14.7 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -255.15%
• Current HPI: 236.5135
• Rent YoY: —
• Metro: Columbus, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

1 event — show timeline

• 2026-05-29 Listed $74,900 CBRMLS