211 Sand Drive Dr · Bascom, OH 44809

$69,900

3 bd · 2.0 ba · 1,700 sqft · Manufactured · 36 Days on market

Built 1981 Fair condition $41/sqft · 42% above area Est $49k · 42% over

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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
• Appreciation +5.0/10.0
• Schools +5.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• ARV discount +0.0/15.0

Listing remarks

🎣 Country Charm on a Double Lot: Your Amenity-Rich Retreat!This charming 3-bed, 2-bath double wide delivers sought-after barn house vibes on a large double lot perfect for gardening or relaxing. Enjoy crisp updated painted - wood siding on the home and matching shed. The master suite includes a private full bath with his and hers sink. Community & Location Perks: Situated in a tight-knit community offering fantastic amenities like a pool and gym. Conveniently located near the water, ideal for quick fishing trips!Key Updates: 3-year-old furnace 5-year-old hot water tank Storm windows for efficiency. Stand-up freezer included. Turnkey, enjoy community living with room to stretch out!

Key facts

• Built 1981
• Listed 36 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $70k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $468 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#498 in OH) — a middle-class / working-renter tenant base. Strengths: schools A+, cost of living A+, health & safety A+; Watch: employment D+, crime D, amenities F.
• Vermilion Local (suburban): math 56% / reading 60% proficiency, ranked #316 of 656 in OH (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 1 active listings in the ZIP; solid renter incomes; 128 units permitted in Erie County in 2024 (5 in 5+ unit buildings).
• This rent is only 16% of the median local income ($89k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $3k of equity ($483 loan paydown + $2k appreciation (3.0% local appreciation)).
• Erie 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 $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.

Recommended offer $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.72% ✓
• Cap rate: 14.33%
• Cash-on-cash: 28.69%
• DSCR: 2.28
• GRM: 4.8

CMA / ARV

• ARV (median comp): $49,311
• List price: $69,900
• Delta: 41.75%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 34.6%
• Equity multiple: 2.95×
• Total profit: $38,242
• Equity at exit: $31,430

10-year hold

• IRR: 34.8%
• Equity multiple: 5.82×
• Total profit: $94,405
• Equity at exit: $48,437

Cash invested: $19,572 (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 44809

• Active inventory: 1
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,204 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $468

Break-even live

Break-even rent $611

Max offer price $69,900

Occupancy floor 56%

Sensitivity live

Price	-10% $516	-5% $492	+0% $468	+5% $444	+10% $420
Rent	-10% $373	-5% $420	+0% $468	+5% $515	+10% $563
Rate	-1.0pp $503	-0.5pp $486	base $468	+0.5pp $450	+1.0pp $431

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $69,900 Active 36 DOM
2. 2026-06-17
   days on market $69,900 Active 35 DOM
3. 2026-06-16
   days on market $69,900 Active 34 DOM
4. 2026-06-15
   days on market $69,900 Active 33 DOM
5. 2026-06-13
   days on market $69,900 Active 31 DOM
6. 2026-06-09
   days on market $69,900 Active 27 DOM
7. 2026-06-08
   days on market $69,900 Active 26 DOM
8. 2026-06-07
   days on market $69,900 Active 25 DOM
9. 2026-06-05
   days on market $69,900 Active 22 DOM
10. 2026-06-03
    days on market $69,900 Active 21 DOM
11. 2026-06-02
    days on market $69,900 Active 20 DOM
12. 2026-06-01
    days on market $69,900 Active 19 DOM
13. 2026-05-31
    days on market $69,900 Active 18 DOM
14. 2026-05-13
    price $69,900
15. 2025-12-09
    listed $69,000 Active

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

Taxation est. · year 1

• Rental income: $14,446
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$1,156
• − Management: −$1,156
• − Depreciation: −$2,033
• Taxable income: $4,787
• Est. tax owed @ 24.0%: −$1,149
• After-tax cash flow: $4,466/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 · 14 photos

Fair 45/100 Moderate rehab

This mobile home requires significant repairs and updates to its exterior and interior, including painting, landscaping, and fencing. While it has potential, the current condition is holding back its value.

Repairs flagged

• Major Roof — Missing or damaged shingles, potential water damage
• Major Exterior Siding — Weathered and peeling siding, needs repainting or replacement
• Major Landscaping — Overgrown grass and weeds, needs trimming and planting
• Major Fencing — Weathered and incomplete fencing, needs repair or replacement

Value-add opportunities

• Both Painting and updating the kitchen and bathrooms — Fresh paint and updated fixtures will improve both resale and rental value
• Both Landscaping and fencing — A well-maintained yard and fence will enhance curb appeal and safety

Renovation cost estimate screening

Repair item	Severity	Est. cost
Roof · Missing or damaged shingles, potential water damage	Major	$15,000–50,000
Exterior Siding · Weathered and peeling siding, needs repainting or replacement	Major	$15,000–50,000
Landscaping · Overgrown grass and weeds, needs trimming and planting	Major	$15,000–50,000
Fencing · Weathered and incomplete fencing, needs repair or replacement	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both Painting and updating the kitchen and bathrooms — Fresh paint and updated fixtures will improve both resale and rental value ↑
• Both Landscaping and fencing — A well-maintained yard and fence will enhance curb appeal and safety ↑

ⓘ 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: Vermilion Local
• NCES district ID: 3904682
• Math proficiency: 56% ▼ -13.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $52,091
• Composite: 49.61/100
• National rank: #1981
• State rank: #316 of 656 in OH

Livability — Bascom

• Score: 69/100
• State rank: #498
• US rank: #8342

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Seneca · 70,739 people
• City population: 103
• Population (ZIP): 103
• Household income: $88,529
• Rent vs Own: 20.0% rent · 80.0% own

Population outlook (Erie County) Hauer SSP2

• Today (2025): 73,204 people
• By 2030: 71,341 · -2.5%
• By 2040: 66,771 · -8.8%
• By 2050: 62,512 · -14.6%
• By 2075: 56,154 · -23.3%
• By 2100: 49,045 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (100%)
• Race & ethnicity: White 100%

Political lean MEDSL · Erie

• 2024 margin: R (+14.1) · D 42.5% · R 56.6%
• 2008→2024 swing: -28.0pp toward R · 2008: 13.9pp · 2024: -14.1pp
• All cycles: 2024: R+14.1 2020: R+11.6 2016: R+9.8 2012: D+11.3 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+1.3% since first listed

2 events — show timeline

• 2026-05-13 Price Changed $69,900 FAOR
• 2025-12-09 Listed $69,000 FAOR