11433 2nd St NE · Magnolia, OH 44643

$69,000

2 bd · 2.0 ba · 896 sqft · Manufactured · 229 Days on market

Built 2025 Good condition

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Why this score? — see what drove the A- 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
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Schools +5.1/10.0
• Condition / age +3.8/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

Sandy Valley Estates is a beautiful community located in Magnolia, OH and is owned and operated by UMH Properties, Inc. Our turnkey ready homes at Sandy Valley Estates are built to fit your lifestyle. Our floor plans include 2 to 3-bedroom, 2-bathroom homes with open concept designs. Our homes are equipped with large living areas, eat-in kitchens, and luxurious primary suites. Each home also has a front and back deck, a yard for those who love to BBQ or garden, and an 8 x 10 storage shed. Sandy Valley Estates is more than just a neighborhood--it is a community with high end amenities for our residents to use. Our community's amenities include a new community center, fitness center, basketball court, playground, and bus shelter as well as on-site 24-hour maintenance. Sandy Valley Estates' large home lots, top notch amenities, and friendly staff create a wonderful environment to call home. Call Sandy Valley Estates today to schedule a tour of our new homes! Located just one hour from Cleveland and nestled in beautiful Carroll and Stark counties, Sandy Valley Estates community is a small town with close access to shopping and outdoor activities like hiking trails, parks, campgrounds, and car racing. Outdoor enthusiasts will enjoy a plethora of parks and lakes near this historic town, including Whitacre Greer Equestrian Park, Fry Family Park, Magnolia Village Park, Atwood Lake Park, Lake Mohawk and Atwood Lake. You also don't have to travel far to find fun-filled family entertainment like Uhrichsville Water Park, Baylor Beach Park, Sky Zone, and Dragway of Magnolia (car racing park). The Sandy Valley Estates community is located in the Sandy Valley Local Schools. Residents are just a short drive away from Kent State University at Tuscarawas, Malone University, and Stark State College.

Key facts

• Eat-in kitchens
• Turnkey ready homes
• Front and back deck

Tags

• TURNKEY READY HOMES
• OPEN CONCEPT DESIGNS
• LARGE LIVING AREAS
• EAT-IN KITCHENS
• LUXURIOUS PRIMARY SUITES
• FRONT AND BACK DECK

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $69k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $257 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($929 rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#401 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Sandy Valley Local (rural): math 56% / reading 63% proficiency, ranked #296 of 656 in OH (top 45%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 29 active listings in the ZIP; 244 units permitted in Tuscarawas County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($63k/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 $7k of equity ($477 loan paydown + $7k appreciation (10.0% local appreciation)).
• Tuscarawas County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 229 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.

Recommended offer $60,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 229 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 B-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. 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: 1.35% ✓
• Cap rate: 10.76%
• Cash-on-cash: 15.96%
• DSCR: 1.71
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.1%
• Equity multiple: 3.79×
• Total profit: $53,958
• Equity at exit: $62,161

10-year hold

• IRR: 31.1%
• Equity multiple: 8.56×
• Total profit: $146,057
• Equity at exit: $134,052

Cash invested: $19,320 (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 44643

• Home prices YoY: 8.3%
• Active inventory: 29
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $929 medium
• Mortgage (P&I): −$362
• Tax est. 1.5%: −$86 /mo · $1,035/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$195
• Net cashflow: $257

Break-even live

Break-even rent $604

Max offer price $69,000

Occupancy floor 67%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $69,000 Active 229 DOM
2. 2026-06-17
   days on market $69,000 Active 228 DOM
3. 2026-06-16
   days on market $69,000 Active 227 DOM
4. 2026-06-15
   days on market $69,000 Active 226 DOM
5. 2026-06-13
   days on market $69,000 Active 224 DOM
6. 2026-06-12
   days on market $69,000 Active 223 DOM
7. 2026-06-09
   days on market $69,000 Active 220 DOM
8. 2026-06-08
   days on market $69,000 Active 219 DOM
9. 2026-06-08
   days on market $69,000 Active 218 DOM
10. 2026-06-07
    days on market $69,000 Active 217 DOM
11. 2026-06-04
    days on market $69,000 Active 214 DOM
12. 2026-06-02
    days on market $69,000 Active 213 DOM
13. 2026-06-01
    days on market $69,000 Active 212 DOM
14. 2026-05-31
    days on market $69,000 Active 211 DOM
15. 2025-11-01
    listed $69,000 Active 1812-char remark

    Show marketing remark (1812 chars)

    Sandy Valley Estates is a beautiful community located in Magnolia, OH and is owned and operated by UMH Properties, Inc. Our turnkey ready homes at Sandy Valley Estates are built to fit your lifestyle. Our floor plans include 2 to 3-bedroom, 2-bathroom homes with open concept designs. Our homes are equipped with large living areas, eat-in kitchens, and luxurious primary suites. Each home also has a front and back deck, a yard for those who love to BBQ or garden, and an 8 x 10 storage shed. Sandy Valley Estates is more than just a neighborhood--it is a community with high end amenities for our residents to use. Our community's amenities include a new community center, fitness center, basketball court, playground, and bus shelter as well as on-site 24-hour maintenance. Sandy Valley Estates' large home lots, top notch amenities, and friendly staff create a wonderful environment to call home. Call Sandy Valley Estates today to schedule a tour of our new homes! Located just one hour from Cleveland and nestled in beautiful Carroll and Stark counties, Sandy Valley Estates community is a small town with close access to shopping and outdoor activities like hiking trails, parks, campgrounds, and car racing. Outdoor enthusiasts will enjoy a plethora of parks and lakes near this historic town, including Whitacre Greer Equestrian Park, Fry Family Park, Magnolia Village Park, Atwood Lake Park, Lake Mohawk and Atwood Lake. You also don't have to travel far to find fun-filled family entertainment like Uhrichsville Water Park, Baylor Beach Park, Sky Zone, and Dragway of Magnolia (car racing park). The Sandy Valley Estates community is located in the Sandy Valley Local Schools. Residents are just a short drive away from Kent State University at Tuscarawas, Malone University, and Stark State College.

ⓘ 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 ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,146
• − Mortgage interest: −$3,865
• − Property taxes: −$1,035
• − Insurance: −$345
• − Repairs & maintenance: −$892
• − Management: −$892
• − Depreciation: −$2,007
• Taxable income: $2,110
• Est. tax owed @ 24.0%: −$507
• After-tax cash flow: $2,577/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 · 6 photos

Good 75/100 Cosmetic rehab

This manufactured home is in good condition with minimal repairs needed. It offers a good starting point for potential buyers or renters looking for a move-in-ready property.

Value-add opportunities

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and property value.
• Both Landscaping improvements — Well-maintained landscaping can increase both resale and rental value.
• Both Kitchen and bathroom updates — Updating appliances and fixtures can attract more buyers and renters.
• Both New flooring — Replacing old flooring with modern options can improve the home's appearance and value.
• Both HVAC system maintenance — A well-maintained HVAC system can improve comfort and energy efficiency, attracting more buyers and renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and property value. ↑
• Both Landscaping improvements — Well-maintained landscaping can increase both resale and rental value. ↑
• Both Kitchen and bathroom updates — Updating appliances and fixtures can attract more buyers and renters. ↑
• Both New flooring — Replacing old flooring with modern options can improve the home's appearance and value. ↑
• Both HVAC system maintenance — A well-maintained HVAC system can improve comfort and energy efficiency, attracting more 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: Sandy Valley Local
• NCES district ID: 3904994
• Math proficiency: 56% ▼ -10.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $49,859
• Composite: 50.62/100
• National rank: #1842
• State rank: #296 of 656 in OH

Livability — Magnolia

• Score: 71/100
• State rank: #401
• US rank: #6616

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Carroll · 27,595 people
• Metro: Canton-Massillon, OH
• Population (ZIP): 3,666
• Household income: $62,981
• Rent vs Own: 27.3% rent · 72.7% own
• Severe rent burden: 26.3

Population outlook (Tuscarawas County) Hauer SSP2

• Today (2025): 92,253 people
• By 2030: 91,060 · -1.3%
• By 2040: 87,479 · -5.2%
• By 2050: 83,174 · -9.8%
• By 2075: 72,000 · -22.0%
• By 2100: 58,574 · -36.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Italian 4% Lithuanian 3% Slovak 1%
• Foreign-born: 0%

Political lean MEDSL · Tuscarawas

• 2024 margin: Solid R (+43.3) · D 28.0% · R 71.2%
• 2008→2024 swing: -45.7pp toward R · 2008: 2.4pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+39.9 2016: R+35.5 2012: R+9.8 2008: D+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.78%
• Current HPI: 256.734
• 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 event — show timeline

• 2025-11-01 Listed $69,000 Zillow