1598 Bogie Ln · Painesville, OH 44077

$152,900

3 bd · 2.0 ba · 1,387 sqft · SingleFamily · 78 Days on market

Built 2023 Good condition 4,356 sqft lot

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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 +20.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• Schools +5.5/10.0
• 1% rule +5.4/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Rent growth +3.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Buckeye model New Construction Sectional Home in Golfway Pines! 3 bedrooms and 2 full bathrooms. Almost 1400 sqft of living space. Enjoy your privacy while enjoying the wonderful amenities that Golfway Pines has to offer which includes a community center. Stunning open floor plan in this spacious home with a nice size kitchen with an island as well as stainless steel appliances. Split bedroom design with Master Bedroom on 1 side of the home and 2 bedrooms on the opposite side. Master bedroom has a walk-in closet and a private full bathroom. 2nd full bathroom and laundry room next to the other 2 bedrooms. Many manufacturer upgrades are included in this lovely new home! 1-year Manufacturer Warranty included plus a 10-year structural warranty. Don't miss out!

Key facts

• 4,356 sq ft lot
• Parking
• Built 2023

Property features AI

Finance

• Other: Pets allowed
• Financial info: Has land lease ($401)
• HOA & community: Common grounds/area

Exterior

• Parking: Driveway; no garage
• Utilities: Public water; Public sewer
• Home design: Single-story home; Vinyl siding
• Construction: Built (year per public records); Asphalt/fiberglass roof; Vinyl siding construction
• Exterior features: Covered patio with awning(s)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Three main-level bedrooms
• Flooring: Carpet in kitchen area
• Bathrooms: Two full bathrooms (both on main level)
• Heating & cooling: Forced air heating (gas); Central air conditioning; Ceiling fan(s)
• Interior features: Ceiling fan(s)
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $153k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $200 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $153k).
• Recommended offer: $144k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 2.9% in Painesville — 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 72/100 on livability (#360 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, amenities F, commute F.
• Riverside Local (suburban): math 58% / reading 67% proficiency, ranked #217 of 656 in OH (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.7%/yr); 267 active listings in the ZIP; solid renter incomes; 448 units permitted in Lake County in 2024 (0 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.
• Lake County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($144k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago 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 $143,726 (6.0% below list)

Questions for the listing agent

1. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 6% 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. 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: 1.04% ✓
• Cap rate: 7.86%
• Cash-on-cash: 5.59%
• DSCR: 1.25
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.68% rent growth · sell at horizon

5-year hold

• IRR: -6.9%
• Equity multiple: 0.74×
• Total profit: $-10,945
• Equity at exit: $22,798

10-year hold

• IRR: 3.6%
• Equity multiple: 1.27×
• Total profit: $11,492
• Equity at exit: $13,220

Cash invested: $42,812 (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 44077

• Rents YoY: 3.7%
• Active inventory: 267
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,590 medium
• Mortgage (P&I): −$802
• Tax est. 1.5%: −$191 /mo · $2,294/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $200

Break-even live

Break-even rent $1,338

Max offer price $152,900

Occupancy floor 82%

Sensitivity live

Price	-10% $305	-5% $252	+0% $200	+5% $147	+10% $94
Rent	-10% $74	-5% $137	+0% $200	+5% $262	+10% $325
Rate	-1.0pp $277	-0.5pp $238	base $200	+0.5pp $160	+1.0pp $120

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: $38,225
• Closing costs: $4,587
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $152,900 Active 78 DOM
2. 2026-06-17
   days on market $152,900 Active 77 DOM
3. 2026-06-16
   days on market $152,900 Active 76 DOM
4. 2026-06-15
   days on market $152,900 Active 75 DOM
5. 2026-06-13
   days on market $152,900 Active 73 DOM
6. 2026-06-13
   days on market $152,900 Active 72 DOM
7. 2026-06-09
   days on market $152,900 Active 69 DOM
8. 2026-06-08
   days on market $152,900 Active 68 DOM
9. 2026-06-07
   days on market $152,900 Active 67 DOM
10. 2026-06-05
    days on market $152,900 Active 64 DOM
11. 2026-06-03
    days on market $152,900 Active 63 DOM
12. 2026-06-02
    days on market $152,900 Active 62 DOM
13. 2026-06-01
    days on market $152,900 Active 61 DOM
14. 2026-05-31
    days on market $152,900 Active 60 DOM
15. 2026-04-01
    listed $152,900 Active
16. 2026-03-27
    historical
17. 2026-01-30
    status Active
18. 2025-12-19
    historical Contingent
19. 2025-12-19
    status Pending
20. 2025-11-18
    price $152,900
21. 2025-10-24
    listed $157,900 Active
22. 2024-08-30
    soldstatus $139,500 Closed 770-char remark

    Show marketing remark (770 chars)

    The Buckeye model New Construction Sectional Home in Golfway Pines! 3 bedrooms and 2 full bathrooms. Almost 1400 sqft of living space. Enjoy your privacy while enjoying the wonderful amenities that Golfway Pines has to offer which includes a community center. Stunning open floor plan in this spacious home with a nice size kitchen with an island as well as stainless steel appliances. Split bedroom design with Master Bedroom on 1 side of the home and 2 bedrooms on the opposite side. Master bedroom has a walk-in closet and a private full bathroom. 2nd full bathroom and laundry room next to the other 2 bedrooms. Many manufacturer upgrades are included in this lovely new home! 1-year Manufacturer Warranty included plus a 10-year structural warranty. Don't miss out!

23. 2024-06-30
    historical 770-char remark

    Show marketing remark (770 chars)

    The Buckeye model New Construction Sectional Home in Golfway Pines! 3 bedrooms and 2 full bathrooms. Almost 1400 sqft of living space. Enjoy your privacy while enjoying the wonderful amenities that Golfway Pines has to offer which includes a community center. Stunning open floor plan in this spacious home with a nice size kitchen with an island as well as stainless steel appliances. Split bedroom design with Master Bedroom on 1 side of the home and 2 bedrooms on the opposite side. Master bedroom has a walk-in closet and a private full bathroom. 2nd full bathroom and laundry room next to the other 2 bedrooms. Many manufacturer upgrades are included in this lovely new home! 1-year Manufacturer Warranty included plus a 10-year structural warranty. Don't miss out!

24. 2024-05-09
    historical Contingent 770-char remark

    Show marketing remark (770 chars)

    The Buckeye model New Construction Sectional Home in Golfway Pines! 3 bedrooms and 2 full bathrooms. Almost 1400 sqft of living space. Enjoy your privacy while enjoying the wonderful amenities that Golfway Pines has to offer which includes a community center. Stunning open floor plan in this spacious home with a nice size kitchen with an island as well as stainless steel appliances. Split bedroom design with Master Bedroom on 1 side of the home and 2 bedrooms on the opposite side. Master bedroom has a walk-in closet and a private full bathroom. 2nd full bathroom and laundry room next to the other 2 bedrooms. Many manufacturer upgrades are included in this lovely new home! 1-year Manufacturer Warranty included plus a 10-year structural warranty. Don't miss out!

25. 2023-02-25
    listed $139,500 Active 770-char remark

    Show marketing remark (770 chars)

    The Buckeye model New Construction Sectional Home in Golfway Pines! 3 bedrooms and 2 full bathrooms. Almost 1400 sqft of living space. Enjoy your privacy while enjoying the wonderful amenities that Golfway Pines has to offer which includes a community center. Stunning open floor plan in this spacious home with a nice size kitchen with an island as well as stainless steel appliances. Split bedroom design with Master Bedroom on 1 side of the home and 2 bedrooms on the opposite side. Master bedroom has a walk-in closet and a private full bathroom. 2nd full bathroom and laundry room next to the other 2 bedrooms. Many manufacturer upgrades are included in this lovely new home! 1-year Manufacturer Warranty included plus a 10-year structural warranty. Don't miss out!

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,082
• − Mortgage interest: −$8,565
• − Property taxes: −$2,294
• − Insurance: −$764
• − Repairs & maintenance: −$1,527
• − Management: −$1,527
• − Depreciation: −$4,448
• Taxable loss: −$42
• Est. tax savings @ 24.0%: +$10
• After-tax cash flow: $2,405/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 80/100 Cosmetic rehab

This home is in good condition with a good exterior and interior. It has a good layout and is move-in ready. Some updates to the exterior and interior can further increase its value.

Value-add opportunities

• Both Painting the exterior siding — Fresh paint can enhance the curb appeal and increase the home's value.
• Both Landscaping improvements — A well-maintained lawn and landscaping can increase the home's curb appeal and rental value.
• Resale Updating the kitchen backsplash — A fresh backsplash can update the kitchen and make it more appealing to potential buyers.
• Resale Updating the bathroom fixtures — Fresh, updated fixtures can make the bathrooms more appealing to potential buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding — Fresh paint can enhance the curb appeal and increase the home's value. ↑
• Both Landscaping improvements — A well-maintained lawn and landscaping can increase the home's curb appeal and rental value. ↑
• Resale Updating the kitchen backsplash — A fresh backsplash can update the kitchen and make it more appealing to potential buyers. ↑
• Resale Updating the bathroom fixtures — Fresh, updated fixtures can make the bathrooms more appealing to potential buyers and renters. ↑

ⓘ 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: Riverside Local
• NCES district ID: 3910014
• Math proficiency: 58% ▼ -15.00%
• Reading proficiency: 67% ▼ -7.00%
• Median HH income: $69,717
• Composite: 55.0/100
• National rank: #1297
• State rank: #217 of 656 in OH

Livability — Painesville

• Score: 72/100
• State rank: #360
• US rank: #5785

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake County · 204,927 people
• City population: 57,325
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 57,325
• Household income: $85,056
• Rent vs Own: 25.7% rent · 74.3% own
• Severe rent burden: 1333.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 230,022 people
• By 2030: 228,151 · -0.8%
• By 2040: 221,018 · -3.9%
• By 2050: 212,754 · -7.5%
• By 2075: 200,309 · -12.9%
• By 2100: 183,315 · -20.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 12% Two or more races 7% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 3%
• Common ancestry: Romanian 6% Lithuanian 2% Slovak 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 88% English-only · Spanish 9% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Lake

• 2024 margin: R (+14.3) · D 42.4% · R 56.7%
• 2008→2024 swing: -15.2pp toward R · 2008: 0.8pp · 2024: -14.3pp
• All cycles: 2024: R+14.3 2020: R+13.6 2016: R+15.6 2012: R+1.7 2008: D+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -183.05%
• Current HPI: 181.2976
• Rent YoY: ▲ 3.68%
• Metro: Cleveland-Elyria, 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

+9.6% since first listed

11 events — show timeline

• 2026-04-01 Listed $152,900 MLSNOW
• 2026-03-27 Listing Removed — MLSNOW
• 2026-01-30 Relisted — MLSNOW
• 2025-12-19 Contingent — MLSNOW
• 2025-12-19 Pending — MLSNOW
• 2025-11-18 Price Changed $152,900 MLSNOW
• 2025-10-24 Listed $157,900 MLSNOW
• 2024-08-30 Sold (MLS) $139,500 MLSNOW
• 2024-06-30 Listing Removed — MLSNOW
• 2024-05-09 Contingent — MLSNOW
• 2023-02-25 Listed $139,500 MLSNOW