11216 Tecumseh Path · Chippewa Park, OH 43331

$123,900

2 bd · 1.0 ba · 400 sqft · Other · 41 Days on market

Built 2008 2,178 sqft lot $310/sqft · 158% above area

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Why this score? — see what drove the C 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 +23.2/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• 1% rule +4.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 11216 Tecumseh Path, Lakeview, Ohio. Located in the desirable Chippewa Park neighborhood at Indian Lake. Why pay lot/rent when you can own? Become the landlord instead of the tenant! This 2008 Kropf - Island Series / with Loft, is the Lake Escape you've been searching for! Outside you have plenty of off street parking for guests, a large covered deck for relaxing or hosting company on those sunny/rainy days, a fire pit and grilling area out back, and privacy fencing on 3 sides creating a true Oasis at the lake. This park model is located on a deeded lot, with a private well. Enjoy added peace of mind with the durable metal roof, designed for long-lasting protection and low mai

Key facts

• Durable metal roof
• Deeded lot
• Privacy fencing

Tags

• LARGE COVERED DECK
• FIRE PIT AND GRILLING AREA
• PRIVACY FENCING
• DEEDED LOT
• PRIVATE WELL
• DURABLE METAL ROOF

Property features AI

Exterior

• Utilities: Well water; Public sewer
• Home design: Residential mobile home; Built in 2008
• Construction: Vinyl siding
• Exterior features: Deck; Fenced yard; Lake-related waterfront

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Propane heating; Has heating
• Interior features: Basement: none

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $124k.

Deal economics

• At list price, monthly cash flow is $225 ($3k/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 $121k (2.7% below list).
• Recommended offer: $120k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 5.5% in Chippewa Park — 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 49/100 on livability (#1,173 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools F, amenities F, commute 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.
• Market conditions: 112 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 $857 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($120k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $55k; list at $124k implies a 125% gain — meaningful room to come down on a strong offer.

Recommended offer $120,183 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.97% ✗
• Cap rate: 8.47%
• Cash-on-cash: 7.77%
• DSCR: 1.35
• GRM: 8.6

CMA / ARV

• ARV (median comp): $48,078
• List price: $123,900
• Delta: 157.71%
• Verdict: OVERPRICED
• Comps: 14 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.83×
• Total profit: $-5,834
• Equity at exit: $18,474

10-year hold

• IRR: 5.1%
• Equity multiple: 1.38×
• Total profit: $13,092
• Equity at exit: $10,713

Cash invested: $34,692 (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 43331

• Home prices YoY: -30.0%
• Active inventory: 112
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,206 medium
• Mortgage (P&I): −$650
• Tax from tax record: −$27 /mo · $322/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $225

Break-even live

Break-even rent $922

Max offer price $123,900

Occupancy floor 76%

Sensitivity live

Price	-10% $295	-5% $260	+0% $225	+5% $190	+10% $154
Rent	-10% $129	-5% $177	+0% $225	+5% $272	+10% $320
Rate	-1.0pp $287	-0.5pp $256	base $225	+0.5pp $192	+1.0pp $160

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: $30,975
• Closing costs: $3,717
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $123,900 Active 41 DOM
2. 2026-06-17
   days on market $123,900 Active 40 DOM
3. 2026-06-16
   days on market $123,900 Active 39 DOM
4. 2026-06-15
   days on market $123,900 Active 38 DOM
5. 2026-06-13
   days on market $123,900 Active 36 DOM
6. 2026-06-12
   pricedays on market $123,900 Active 35 DOM
7. 2026-06-09
   days on market $129,000 Active 32 DOM
8. 2026-06-08
   days on market $129,000 Active 31 DOM
9. 2026-06-08
   days on market $129,000 Active 30 DOM
10. 2026-06-07
    days on market $129,000 Active 29 DOM
11. 2026-06-04
    days on market $129,000 Active 26 DOM
12. 2026-06-02
    days on market $129,000 Active 25 DOM
13. 2026-06-01
    days on market $129,000 Active 24 DOM
14. 2026-05-31
    days on market $129,000 Active 23 DOM
15. 2026-05-09
    listed $129,000 Active 1520-char remark
16. 2020-11-02
    soldstatus $55,000
17. 2017-03-24
    soldstatus $8,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $322 · $27/mo
• Projected year-2 tax: $1,127 · $94/mo
• Expected delta: +$806/yr (+$67/mo · 250.3%)

ⓘ 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 ≥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: $14,472
• − Mortgage interest: −$6,940
• − Property taxes: −$322
• − Insurance: −$620
• − Repairs & maintenance: −$1,158
• − Management: −$1,158
• − Depreciation: −$3,604
• Taxable income: $671
• Est. tax owed @ 24.0%: −$161
• After-tax cash flow: $2,534/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: 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

Livability — Chippewa Park

• Score: 49/100
• State rank: #1173
• US rank: #25758

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chippewa Park, OH
• County: Logan · 47,256 people
• Population (ZIP): 4,012
• Household income: $60,159
• Rent vs Own: 11.5% rent · 88.5% own
• Severe rent burden: 16.1

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%
• Common ancestry: Lithuanian 2% Slovak 2% Iranian 1%
• Foreign-born: 2% · Canada
• 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

+1357.6% since first listed

4 events — show timeline

• 2026-06-12 Price Changed $123,900 WRIST
• 2026-05-09 Listed $129,000 WRIST
• 2020-11-02 Sold (Public Records) $55,000 Public Records
• 2017-03-24 Sold (Public Records) $8,500 Public Records

Property tax history

+16.0%/yr

Latest (2025): $322 · -19.9% YoY. Source: county tax records.