253 Newfoundland Dr #252 · Candlewood Lake, OH 43338

$100,000

1 bd · 1.0 ba · 991 sqft · SingleFamily · 30 Days on market

Built 1983 Good condition 10,018 sqft lot $101/sqft · 67% below area $296/mo HOA · 24% 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 +13.1/30.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Schools +4.9/10.0
• DSCR +3.9/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

ONLINE AUCTION, the RESERVE (Minimum Bid) is $100,000. The auction ends at 7:00 PM, Thursday, June 4, 2026. BUYERS MUST SIGN ACKNOWLEDGEMENT OF TERMS to bid. Agents, please see 'A2A'. Unique, private home in a lake community is ready for new owners! Situated on a double lot, backing to woods, this A-Frame home sleeps 5-7 with a first floor bedroom and second story loft. Hardwood floors on the main level, newer windows and doors, gas stove, dishwasher. Plenty of room to play outside with large yard, fire pit, shed, full access to the lake, boat docks, pool, pickleball courts, and Lodge.

Key facts

• Lake community
• Double lot
• Second story loft

Tags

• LAKE COMMUNITY
• DOUBLE LOT
• BACKING TO WOODS
• FIRST FLOOR BEDROOM
• SECOND STORY LOFT
• HARDWOOD FLOORS

Property features AI

Finance

• Other: Property listed with special condition: Auction; Additional parcel included
• Financial info:
• HOA & community: Homeowners association with monthly fee ($296.57); Community amenities include: pool, clubhouse, fitness facility, tennis courts, basketball court, gated community; Association fee covers security, sewer, trash, water, and snow removal

Exterior

• Parking:
• Security:
• Utilities: Private water; Private sewer
• Home design: Single-family residence; Two levels; Built in 1983; No shared/common walls
• Construction: Block foundation
• Exterior features: Inground pool; Hot tub; Deck; Shed(s) and outbuilding; Invisible fencing; Wooded lot

Interior

• Kitchen:
• Bedrooms: One main-level bedroom
• Flooring: Wood flooring; Carpet
• Bathrooms: One full bathroom
• Heating & cooling: Propane heating; Central air conditioning
• Interior features: Insulated windows throughout; Crawl space basement
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $100k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-4 ($-50/yr) — negative.
• To cash-flow at today's rent, offer at most $99k (0.6% below list).
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#626 in OH) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Northmor Local (rural): math 54% / reading 60% proficiency, ranked #336 of 656 in OH (top 51%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 86 active listings in the ZIP; 129 units permitted in Morrow County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Morrow County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.

Recommended offer $98,500 (1.5% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
6. 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.
7. 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.
8. 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: 1.24% ✓
• Cap rate: 6.24%
• Cash-on-cash: -0.18%
• DSCR: 0.99
• GRM: 6.7

CMA / ARV

• ARV (median comp): $299,274
• List price: $100,000
• Delta: -66.59%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -16.3%
• Equity multiple: 0.42×
• Total profit: $-16,272
• Equity at exit: $14,910

10-year hold

• IRR: -7.7%
• Equity multiple: 0.51×
• Total profit: $-13,699
• Equity at exit: $8,646

Cash invested: $28,000 (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 43338

• Home prices YoY: -17.8%
• Active inventory: 86
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,244 medium
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,500/yr
• Insurance: −$42
• HOA: −$296
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $-4

Break-even live

Break-even rent $1,249

Max offer price $99,391

Occupancy floor 95%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $296 · $3,552/yr
• Likely covers: gaspool

Listing history 6 events

1. 2026-06-07
   statusdays on market $100,000 Pending 30 DOM
2. 2026-06-02
   days on market $100,000 Active 28 DOM
3. 2026-06-01
   days on market $100,000 Active 27 DOM
4. 2026-05-31
   days on market $100,000 Active 26 DOM
5. 2026-05-30
   days on market $100,000 Active 25 DOM
6. 2026-05-05
   listed $100,000 Active 592-char remark

ⓘ 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 2/10 Low 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,930
• − Mortgage interest: −$5,602
• − Property taxes: −$1,500
• − Insurance: −$500
• − Repairs & maintenance: −$1,194
• − Management: −$1,194
• − HOA: −$3,552
• − Depreciation: −$2,909
• Taxable loss: −$1,522
• Est. tax savings @ 24.0%: +$365
• After-tax cash flow: $315/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 · 13 photos

Good 75/100 Cosmetic rehab

This A-Frame home is in good condition with a good layout and modern appliances. It has a large yard and is ready for new owners.

Value-add opportunities

• Resale paint exterior — enhances curb appeal
• Both update flooring — improves aesthetics and value
• Resale update kitchen appliances — modernizes the space
• Resale update bathroom fixtures — modernizes the space

Renovation cost estimate screening

Value-add ROI direction

• Resale paint exterior — enhances curb appeal ↑
• Both update flooring — improves aesthetics and value ↑
• Resale update kitchen appliances — modernizes the space ↑
• Resale update bathroom fixtures — modernizes the space ↑

ⓘ 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: Northmor Local
• NCES district ID: 3904881
• Math proficiency: 54% ▼ -7.00%
• Reading proficiency: 60% ▼ -3.00%
• Median HH income: $49,371
• Composite: 48.51/100
• National rank: #2120
• State rank: #336 of 656 in OH

Livability — Candlewood Lake

• Score: 67/100
• State rank: #626
• US rank: #10971

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Candlewood Lake, OH
• County: Morrow · 41,908 people
• Metro: Columbus, OH
• Population (ZIP): 10,394
• Household income: $69,794
• Rent vs Own: 22.4% rent · 77.6% own

Population outlook (Morrow County) Hauer SSP2

• Today (2025): 35,607 people
• By 2030: 35,482 · -0.4%
• By 2040: 34,369 · -3.5%
• By 2050: 32,038 · -10.0%
• By 2075: 25,090 · -29.5%
• By 2100: 17,123 · -51.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Slovak 4% Romanian 3% Serbian 1%
• Foreign-born: 2%
• Languages at home: 98% English-only · Tagalog/Filipino 1% Spanish 1%

Political lean MEDSL · Morrow

• 2024 margin: Solid R (+55.7) · D 21.7% · R 77.5%
• 2008→2024 swing: -32.4pp toward R · 2008: -23.4pp · 2024: -55.7pp
• All cycles: 2024: R+55.7 2020: R+54.3 2016: R+49.5 2012: R+24.6 2008: R+23.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.76%
• Current HPI: 276.7152
• 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

2 events — show timeline

• 2026-06-05 Pending — CBRMLS
• 2026-05-05 Listed $100,000 CBRMLS