11377 Township Road 266 #34 · Lakeview, OH 43331

$34,900

2 bd · 1.0 ba · 432 sqft · Manufactured · 444 Days on market

Manufactured home Built 2005 Good condition $81/sqft · 34% below area Est $53k · 34% under ↓ 14% since listing

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.4/10.0
• Condition / age +3.8/5.0
• Livability +3.2/5.0
• Appreciation +2.5/10.0
• Rent growth +2.5/5.0
• Manufactured-home adj. -6.7

Listing remarks MLS

Bring all the kids! This expansive park model is designed to accommodate large families with ease. Featuring a cleverly divided living room area and a double loft, there's plenty of room for everyone to relax and unwind. Located in a serene park with abundant shade tress, you'll find yourself just steps away from the pool and nine-hole putt-putt course. The large, covered deck provides and ideal spot for outdoor cookouts and dining. Fully furnished and move in ready, this home includes a walk-in shower with seat for added convenience. The park offers additional amenities such as shuffleboard, a shelter house and playground area. Don't miss this opportunity to own a family friendly retreat in a peaceful amenity-rich community!

Key facts

• Covered deck
• Double loft
• Expansive park model

Tags

• EXPANSIVE PARK MODEL
• DOUBLE LOFT
• COVERED DECK
• WALK-IN SHOWER WITH SEAT
• AMENITY-RICH COMMUNITY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $35k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $501 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($940 rent vs $35k).
• Recommended offer: $31k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.5% vs local median 4.7% in Lakeview — 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 63/100 on livability (#836 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Indian Lake Local (rural): math 59% / reading 66% proficiency, ranked #261 of 656 in OH (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Indian Lake Elementary School (math 72% / reading 67%, grade A-, #391 of 1,584 statewide, top 27%, 510 students, 45% FRL); Indian Lake Middle School (math 56% / reading 65%, grade B+, #259 of 654 statewide, top 40%, 407 students, 42% FRL); Indian Lake High School (math 52% / reading 72%, grade B-, #202 of 781 statewide, top 29%, 492 students, 34% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: 180 active listings in the ZIP; 121 units permitted in Logan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $241 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Logan County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 444 days — a 12% lower offer ($31k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (46%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $30,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 444 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.69% ✓
• Cap rate: 23.54%
• Cash-on-cash: 61.58%
• DSCR: 3.74
• GRM: 3.1

CMA / ARV

• ARV (median comp): $52,961
• List price: $34,900
• Delta: -34.10%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11377 Township Road 266 #15	0.00mi	1/1.0 (-1)	432 (0%)	1mo	$37,000	$86	94
11377 Township Road 266 #67	0.06mi	1/1.0 (-1)	437 (+1%)	1mo	$57,000	$130	90
11475 Township 293 Rd #351	0.24mi	1/1.0 (-1)	437 (+1%)	0mo	$130,000	$297	81
11377 Township Road 266 #113	0.06mi	2/1.0	480 (+11%)	1mo	$23,000	$48	78
11377 Township Rd 266 #76	0.06mi	1/1.0 (-1)	396 (-8%)	1mo	$35,500	$90	78
11377 Township Road 266 #10	0.06mi	1/1.0 (-1)	400 (-7%)	3mo	$88,000	$220	77
11377 Township Road 266 #97	0.06mi	2/1.0	480 (+11%)	2mo	$75,000	$156	77
11377 Township Road 266 #47	0.06mi	2/1.0	480 (+11%)	2mo	$83,000	$173	77
11539 Lake Dr #153	0.35mi	1/1.0 (-1)	418 (-3%)	3mo	$73,500	$176	71
11475 Township Road 293 #302	0.19mi	2/1.0	480 (+11%)	3mo	$143,700	$299	70
11475 Township Road 293 #216	0.34mi	1/1.0 (-1)	399 (-8%)	2mo	$120,000	$301	65
11475 Township Road 293 #84	0.45mi	1/1.0 (-1)	399 (-8%)	2mo	$122,000	$306	60

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: 60.5%
• Equity multiple: 3.69×
• Total profit: $26,298
• Equity at exit: $5,204

10-year hold

• IRR: 65.1%
• Equity multiple: 7.56×
• Total profit: $64,085
• Equity at exit: $3,018

Cash invested: $9,772 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 20 active · 21 under contract
• Months of supply: 6.7 mo (15%/mo absorbed)
• Median asking: $54,250 ($137/sqft)
• Median days on market: 62 d
• This list price: 15% of active listings are priced below it
• ARV vs active asking: -10.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 43331

• Home prices YoY: -30.0%
• Active inventory: 180
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $940 medium
• Mortgage (P&I): −$183
• Tax est. 1.5%: −$44 /mo · $524/yr
• Insurance: −$15
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$197
• Net cashflow: $501

Break-even live

Break-even rent $305

Max offer price $34,900

Occupancy floor 42%

Sensitivity live

Price	-10% $526	-5% $514	+0% $501	+5% $489	+10% $477
Rent	-10% $427	-5% $464	+0% $501	+5% $539	+10% $576
Rate	-1.0pp $519	-0.5pp $510	base $501	+0.5pp $492	+1.0pp $483

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: $8,725
• Closing costs: $1,047
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-11-08
   days on market $34,900 Active 444 DOM
2. 2026-11-07
   days on market $34,900 Active 443 DOM
3. 2026-11-06
   days on market $34,900 Active 442 DOM
4. 2026-11-05
   days on market $34,900 Active 441 DOM
5. 2026-11-04
   days on market $34,900 Active 440 DOM
6. 2026-10-31
   days on market $34,900 Active 438 DOM
7. 2026-10-31
   days on market $34,900 Active 437 DOM
8. 2026-10-29
   days on market $34,900 Active 436 DOM
9. 2026-10-28
   days on market $34,900 Active 435 DOM
10. 2026-10-27
    days on market $34,900 Active 434 DOM
11. 2026-10-26
    days on market $34,900 Active 433 DOM
12. 2026-10-25
    days on market $34,900 Active 432 DOM
13. 2026-10-24
    days on market $34,900 Active 431 DOM
14. 2026-10-23
    days on market $34,900 Active 430 DOM
15. 2026-10-22
    days on market $34,900 Active 429 DOM
16. 2026-10-21
    days on market $34,900 Active 428 DOM
17. 2026-10-20
    pricedays on market $34,900 Active 427 DOM
18. 2026-10-19
    days on market $39,900 Active 426 DOM
19. 2026-10-18
    days on market $39,900 Active 425 DOM
20. 2026-10-17
    days on market $39,900 Active 424 DOM
21. 2026-10-16
    days on market $39,900 Active 423 DOM
22. 2026-10-15
    days on market $39,900 Active 422 DOM
23. 2026-10-14
    days on market $39,900 Active 421 DOM
24. 2026-10-13
    days on market $39,900 Active 420 DOM
25. 2026-10-12
    days on market $39,900 Active 419 DOM
26. 2026-10-11
    days on market $39,900 Active 418 DOM
27. 2026-10-10
    days on market $39,900 Active 417 DOM
28. 2026-10-09
    days on market $39,900 Active 416 DOM
29. 2026-10-08
    days on market $39,900 Active 415 DOM
30. 2026-10-07
    days on market $39,900 Active 414 DOM
31. 2026-10-06
    days on market $39,900 Active 413 DOM
32. 2026-10-05
    days on market $39,900 Active 412 DOM
33. 2026-10-04
    days on market $39,900 Active 411 DOM
34. 2026-10-03
    days on market $39,900 Active 410 DOM
35. 2026-10-02
    days on market $39,900 Active 409 DOM
36. 2026-10-01
    days on market $39,900 Active 408 DOM
37. 2026-09-30
    days on market $39,900 Active 407 DOM
38. 2026-09-29
    days on market $39,900 Active 406 DOM
39. 2026-09-28
    days on market $39,900 Active 405 DOM
40. 2026-09-27
    days on market $39,900 Active 404 DOM
41. 2026-09-26
    days on market $39,900 Active 403 DOM
42. 2026-09-25
    days on market $39,900 Active 402 DOM
43. 2026-09-24
    price $39,900 Active 401 DOM
44. 2026-09-24
    days on market $49,900 Active 401 DOM
45. 2026-09-23
    days on market $49,900 Active 400 DOM
46. 2026-09-21
    days on market $49,900 Active 398 DOM
47. 2026-09-20
    days on market $49,900 Active 397 DOM
48. 2026-09-19
    days on market $49,900 Active 395 DOM
49. 2026-09-17
    days on market $49,900 Active 394 DOM
50. 2026-09-17
    days on market $49,900 Active 393 DOM

ⓘ 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 ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,281
• − Mortgage interest: −$1,955
• − Property taxes: −$524
• − Insurance: −$174
• − Repairs & maintenance: −$902
• − Management: −$902
• − Depreciation: −$1,015
• Taxable income: $5,808
• Est. tax owed @ 24.0%: −$1,394
• After-tax cash flow: $4,624/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 Est. rehab $2,160–$6,480 screening

This park model is move-in ready with good condition and ample space, ideal for families. Minor updates can further enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace worn-out carpet — Improves comfort and appearance ↑
• Both Install new window treatments — Enhances curb appeal and privacy ↑
• Resale Upgrade kitchen appliances — Modernizes the space and adds value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 64/100

Zoned Schools

Elementary Indian Lake Elementary School A- OH #391/1,584 Nat'l #3,487/41,679 Middle Indian Lake Middle School B+ OH #259/654 Nat'l #1,738/14,009 High Indian Lake High School B- OH #202/781 Nat'l #3,220/17,239

Schools (NCES district)

• District: Indian Lake Local
• NCES district ID: 3904808
• Math proficiency: 59% ▼ -14.00%
• Reading proficiency: 66% ▼ -4.00%
• Median HH income: $44,496
• Composite: 52.6/100
• National rank: #1559
• State rank: #261 of 656 in OH

C Composite livability gradescore 63/100

Livability — Lakeview

• Score: 63/100
• State rank: #836
• US rank: #15632

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment F Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Logan · 44,240 people
• Population (ZIP): 4,012
• Household income: $60,159
• Rent vs Own: 11.5% rent · 88.5% own
• Severe rent burden: 16% of renters

---

Population outlook (Logan County) Hauer SSP2

• Today (2025): 44,240 people
• By 2030: 43,166 · -2.4%
• By 2040: 40,495 · -8.5%
• By 2050: 37,511 · -15.2%
• By 2075: 30,453 · -31.2%
• By 2100: 23,081 · -47.8%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 2% Black 1%
• Languages at home: 96% English-only · Spanish 4%

---

Political lean MEDSL · Logan

• 2024 margin: Solid R (+56.2) · D 21.5% · R 77.7%
• 2008→2024 swing: -29.6pp toward R · 2008: -26.6pp · 2024: -56.2pp
• All cycles: 2024: R+56.2 2020: R+55.2 2016: R+52.6 2012: R+31.8 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.75%
• Current HPI: 256.2406
• Rent YoY: —
• Metro: —
• 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

-13.8% since first listed

5 events — show timeline

• 2026-04-27 Relisted — WRIST
• 2026-04-24 Listing Removed — WRIST
• 2025-10-27 Price Changed $56,000 WRIST
• 2025-09-30 Price Changed $62,000 WRIST
• 2025-08-14 Listed $65,000 WRIST