8323 Eagle Rd #42 · Kirtland, OH 44094

$55,227

1 bd · 1.0 ba · 536 sqft · SingleFamily · 375 Days on market

Excellent condition $103/sqft · 275% above area

---

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
• ARV discount +7.5/15.0
• Schools +6.8/10.0
• Condition / age +5.0/5.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Why settle when you can have everything brand new—at an unbeatable price—in the highly sought-after city of Kirtland? Welcome to Eagle Mobile Home Park, where convenience meets comfort in a peaceful, well-located community just minutes from local parks, shopping, and daily amenities—yet tucked away from the hustle and bustle. This is your opportunity to customize your own 1-bedroom, 1-bath home and step into the freedom of homeownership—say goodbye to the restrictions of apartment living! This home comes with a 7 year warranty. Inside, you'll enjoy a bright, open-concept layout that blends the eat-in kitchen and living area—perfect for relaxing or entertaining. The smaller footprint means low maintenance and more time to enjoy life. Pets are welcome (with some restrictions), and park applications are available online. All offers are subject to park approval, and community rules are available to review in advance. Don't miss out on this exciting opportunity—schedule your private showing today, or contact us for information on additional floor plans and available lots in this fantastic Kirtland location!

Key facts

• Peaceful community
• Eat-in kitchen
• Low maintenance

Tags

• OPEN-CONCEPT LAYOUT
• EAT-IN KITCHEN
• LOW MAINTENANCE
• PEACEFUL COMMUNITY
• WELL-LOCATED COMMUNITY

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $55k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $421 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $49k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.4% vs local median 3.2% in Kirtland — 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 80/100 on livability (#109 in OH, #1,647 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: health & safety D, amenities F, commute F.
• Kirtland Local (suburban): math 73% / reading 80% proficiency, ranked #57 of 656 in OH (top 9%) — strong family-tenant draw, lease renewals of 3-5y typical; only 9% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+4.0%/yr); 191 active listings in the ZIP; solid renter incomes; 448 units permitted in Lake County in 2024 (0 in 5+ unit buildings).
• This rent is only 15% of the median local income ($79k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $382 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 375 days — a 12% lower offer ($49k) is reasonable based on typical stale-listing flexibility.

Recommended offer $48,599 (12.0% below list)

Questions for the listing agent

1. It's been on market 375 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 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. 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: 1.84% ✓
• Cap rate: 15.44%
• Cash-on-cash: 32.66%
• DSCR: 2.45
• GRM: 4.5

CMA / ARV

• ARV (median comp): $14,726
• List price: $55,227
• Delta: 275.04%
• Verdict: OVERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8323 Eagle Rd #56	0.00mi	1/1.0	560 (+4%)	10mo	$50,000	$89	84
9735 Chillicothe Rd #29	0.28mi	2/1.0 (+1)	552 (+3%)	1mo	$10,000	$18	76
9735 Chillicothe Rd #26	0.32mi	2/1.0 (+1)	564 (+5%)	2mo	$15,500	$27	69

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.01% rent growth · sell at horizon

5-year hold

• IRR: 28.9%
• Equity multiple: 2.22×
• Total profit: $18,914
• Equity at exit: $8,235

10-year hold

• IRR: 36.9%
• Equity multiple: 4.58×
• Total profit: $55,416
• Equity at exit: $4,775

Cash invested: $15,464 (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 44094

• Rents YoY: 4.0%
• Active inventory: 191
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,016 medium
• Mortgage (P&I): −$290
• Tax est. 1.5%: −$69 /mo · $828/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $421

Break-even live

Break-even rent $483

Max offer price $55,227

Occupancy floor 54%

Sensitivity live

Price	-10% $459	-5% $440	+0% $421	+5% $402	+10% $383
Rent	-10% $341	-5% $381	+0% $421	+5% $461	+10% $501
Rate	-1.0pp $449	-0.5pp $435	base $421	+0.5pp $407	+1.0pp $392

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: $13,807
• Closing costs: $1,657
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-21
   days on market $55,227 Active 375 DOM
2. 2026-06-18
   days on market $55,227 Active 372 DOM
3. 2026-06-17
   days on market $55,227 Active 371 DOM
4. 2026-06-16
   days on market $55,227 Active 370 DOM
5. 2026-06-15
   days on market $55,227 Active 369 DOM
6. 2026-06-13
   days on market $55,227 Active 367 DOM
7. 2026-06-13
   pricedays on market $55,227 Active 366 DOM
8. 2026-06-09
   days on market $55,000 Active 363 DOM
9. 2026-06-08
   days on market $55,000 Active 362 DOM
10. 2026-06-07
    days on market $55,000 Active 361 DOM
11. 2026-06-05
    days on market $55,000 Active 358 DOM
12. 2026-06-03
    days on market $55,000 Active 357 DOM
13. 2026-06-02
    days on market $55,000 Active 356 DOM
14. 2026-06-01
    days on market $55,000 Active 355 DOM
15. 2026-05-31
    days on market $55,000 Active 354 DOM
16. 2025-06-11
    listed $55,000 Active 1158-char remark

    Show marketing remark (1158 chars)

    Why settle when you can have everything brand new—at an unbeatable price—in the highly sought-after city of Kirtland? Welcome to Eagle Mobile Home Park, where convenience meets comfort in a peaceful, well-located community just minutes from local parks, shopping, and daily amenities—yet tucked away from the hustle and bustle. This is your opportunity to customize your own 1-bedroom, 1-bath home and step into the freedom of homeownership—say goodbye to the restrictions of apartment living! This home comes with a 7 year warranty. Inside, you'll enjoy a bright, open-concept layout that blends the eat-in kitchen and living area—perfect for relaxing or entertaining. The smaller footprint means low maintenance and more time to enjoy life. Pets are welcome (with some restrictions), and park applications are available online. All offers are subject to park approval, and community rules are available to review in advance. Don't miss out on this exciting opportunity—schedule your private showing today, or contact us for information on additional floor plans and available lots in this fantastic Kirtland location!

ⓘ 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 ≥94°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,190
• − Mortgage interest: −$3,094
• − Property taxes: −$828
• − Insurance: −$276
• − Repairs & maintenance: −$975
• − Management: −$975
• − Depreciation: −$1,607
• Taxable income: $4,435
• Est. tax owed @ 24.0%: −$1,064
• After-tax cash flow: $3,986/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

Excellent 100/100 None rehab

This move-in-ready mobile home in Eagle Mobile Home Park is in excellent condition with modern amenities and a prime location.

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace carpet with hardwood throughout — Hardwood flooring is more durable and adds value
• Both Install smart home devices — Modernizes home and appeals to tech-savvy buyers

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace carpet with hardwood throughout — Hardwood flooring is more durable and adds value ↑
• Both Install smart home devices — Modernizes home and appeals to tech-savvy buyers ↑

ⓘ 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: Kirtland Local
• NCES district ID: 3904787
• Math proficiency: 73% ▼ -10.00%
• Reading proficiency: 80% ▼ -2.00%
• Median HH income: $83,416
• Composite: 67.93/100
• National rank: #360
• State rank: #57 of 656 in OH

Livability — Kirtland

• Score: 80/100
• State rank: #109
• US rank: #1647

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kirtland, OH
• County: Lake County · 204,927 people
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 36,873
• Household income: $78,772
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1381.0

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 (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 7% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 92% English-only · Russian/Polish/Slavic 3% Other Indo-European 1% German/W. Germanic 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: ▼ -229.28%
• Current HPI: 179.81
• Rent YoY: ▲ 4.01%
• 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

1 event — show timeline

• 2025-06-11 Listed $55,000 MLSNOW