137 Marilyn Dr · North Madison, OH 44057

$39,500

3 bd · 2.5 ba · 980 sqft · SingleFamily · 31 Days on market

Built 2012 Fair condition $95/mo HOA · 5% of rent ↓ 10% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2012 Kabco Wolf-3 14x70 Manufactured Home is in Madison Estates Mobile Home Park. The park is . 7 miles from Arcola Creek Park and Lake Erie. There is a public bus stop at the front of the park. The manufactured home comes with NEW APPLIANCES - Range, refrigerator, dishwasher, washer and dryer. Dogs are allowed for a $25 fee per dog per month. Some breeds are excluded per park rules. There is a $45 application fee per person over 18 years of age which covers background and financial check. You must be approved by the park to close on the sale of the property. The Buyer will be paying a security deposit of 1 month lot rent $420 plus the $483 which is lot rent, sewer, trash removal, water, property management at time of transfer/occupancy and if rent to own the down payment. Owner/Rent to Own financing available.

Key facts

• Newer deck
• New vapor barrier
• Open-concept layout

Tags

• OPEN-CONCEPT LAYOUT
• 200-AMP ELECTRICAL SERVICE
• NEW VAPOR BARRIER
• NEWER DECK

Property features AI

Finance

• Financial info: Has land lease with a lease payment of $446; Pets allowed
• HOA & community: Monthly association fee of $95 through Elevate Madison Holdings; Association covers management, sewer, snow removal, trash, and water

Exterior

• Parking: Driveway; No garage; Unpaved parking
• Utilities: Public water; Public sewer
• Home design: Single-story home; 980 above-grade finished area
• Construction: Vinyl siding; Asphalt/fiberglass roof; Year built reported by owner
• Exterior features: Shed(s)

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms; 1 half bathroom; 3 bathrooms on the main level
• Interior features: Central air conditioning; Forced air electric heating

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $40k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $40k).
• Recommended offer: $38k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#865 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, health & safety D, amenities F.
• Madison Local (suburban): math 58% / reading 59% proficiency, ranked #308 of 656 in OH (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: North Elementary School (math 67% / reading 59%, grade B, #573 of 1,584 statewide, top 37%, 586 students, 45% FRL); Madison Middle School (math 52% / reading 58%, grade B-, #335 of 654 statewide, top 52%, 609 students, 36% FRL); Madison High School (math 52% / reading 62%, grade C, #275 of 781 statewide, top 37%, 860 students, 32% FRL) — zoned schools at 37% FRL track the district average.
• Market conditions: 98 active listings in the ZIP; 448 units permitted in Lake County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $273 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $11k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 2 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.
• Current owner paid $30k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $38,315 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 4.52% ✓
• Cap rate: 37.97%
• Cash-on-cash: 113.13%
• DSCR: 6.03
• GRM: 1.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 6.43×
• Total profit: $60,093
• Equity at exit: $5,890

10-year hold

• IRR: —
• Equity multiple: 13.49×
• Total profit: $138,187
• Equity at exit: $3,415

Cash invested: $11,060 (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 44057

• Active inventory: 98
• Price-to-rent: 1.8×

Monthly cashflow live

• Estimated rent: $1,786 medium
• Mortgage (P&I): −$207
• Tax est. 1.5%: −$49 /mo · $592/yr
• Insurance: −$16
• HOA: −$95
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $1,043

Break-even live

Break-even rent $466

Max offer price $39,500

Occupancy floor 37%

Sensitivity live

Price	-10% $1,070	-5% $1,056	+0% $1,043	+5% $1,029	+10% $1,015
Rent	-10% $902	-5% $972	+0% $1,043	+5% $1,113	+10% $1,184
Rate	-1.0pp $1,063	-0.5pp $1,053	base $1,043	+0.5pp $1,032	+1.0pp $1,022

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: $9,875
• Closing costs: $1,185
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $95 · $1,140/yr
• Likely covers: watersewertrashsecurity

Listing history 22 events

1. 2026-06-22
   days on market $39,500 Active 31 DOM
2. 2026-06-21
   days on market $39,500 Active 30 DOM
3. 2026-06-21
   days on market $39,500 Active 29 DOM
4. 2026-06-18
   days on market $39,500 Active 27 DOM
5. 2026-06-17
   days on market $39,500 Active 26 DOM
6. 2026-06-16
   days on market $39,500 Active 25 DOM
7. 2026-06-15
   days on market $39,500 Active 24 DOM
8. 2026-06-13
   days on market $39,500 Active 22 DOM
9. 2026-06-12
   days on market $39,500 Active 21 DOM
10. 2026-06-09
    days on market $39,500 Active 18 DOM
11. 2026-06-08
    days on market $39,500 Active 17 DOM
12. 2026-06-08
    days on market $39,500 Active 16 DOM
13. 2026-06-07
    days on market $39,500 Active 15 DOM
14. 2026-06-04
    days on market $39,500 Active 12 DOM
15. 2026-06-02
    days on market $39,500 Active 11 DOM
16. 2026-06-01
    days on market $39,500 Active 10 DOM
17. 2026-05-31
    days on market $39,500 Active 9 DOM
18. 2026-05-22
    listed $39,500 Active
19. 2023-05-16
    soldstatus $30,000 Closed 823-char remark

    Show marketing remark (823 chars)

    2012 Kabco Wolf-3 14x70 Manufactured Home is in Madison Estates Mobile Home Park. The park is . 7 miles from Arcola Creek Park and Lake Erie. There is a public bus stop at the front of the park. The manufactured home comes with NEW APPLIANCES - Range, refrigerator, dishwasher, washer and dryer. Dogs are allowed for a $25 fee per dog per month. Some breeds are excluded per park rules. There is a $45 application fee per person over 18 years of age which covers background and financial check. You must be approved by the park to close on the sale of the property. The Buyer will be paying a security deposit of 1 month lot rent $420 plus the $483 which is lot rent, sewer, trash removal, water, property management at time of transfer/occupancy and if rent to own the down payment. Owner/Rent to Own financing available.

20. 2023-05-10
    status Pending 823-char remark

    Show marketing remark (823 chars)

    2012 Kabco Wolf-3 14x70 Manufactured Home is in Madison Estates Mobile Home Park. The park is . 7 miles from Arcola Creek Park and Lake Erie. There is a public bus stop at the front of the park. The manufactured home comes with NEW APPLIANCES - Range, refrigerator, dishwasher, washer and dryer. Dogs are allowed for a $25 fee per dog per month. Some breeds are excluded per park rules. There is a $45 application fee per person over 18 years of age which covers background and financial check. You must be approved by the park to close on the sale of the property. The Buyer will be paying a security deposit of 1 month lot rent $420 plus the $483 which is lot rent, sewer, trash removal, water, property management at time of transfer/occupancy and if rent to own the down payment. Owner/Rent to Own financing available.

21. 2023-04-29
    price $39,000 823-char remark

    Show marketing remark (823 chars)

    2012 Kabco Wolf-3 14x70 Manufactured Home is in Madison Estates Mobile Home Park. The park is . 7 miles from Arcola Creek Park and Lake Erie. There is a public bus stop at the front of the park. The manufactured home comes with NEW APPLIANCES - Range, refrigerator, dishwasher, washer and dryer. Dogs are allowed for a $25 fee per dog per month. Some breeds are excluded per park rules. There is a $45 application fee per person over 18 years of age which covers background and financial check. You must be approved by the park to close on the sale of the property. The Buyer will be paying a security deposit of 1 month lot rent $420 plus the $483 which is lot rent, sewer, trash removal, water, property management at time of transfer/occupancy and if rent to own the down payment. Owner/Rent to Own financing available.

22. 2023-03-09
    listed $44,000 Active 823-char remark

    Show marketing remark (823 chars)

    2012 Kabco Wolf-3 14x70 Manufactured Home is in Madison Estates Mobile Home Park. The park is . 7 miles from Arcola Creek Park and Lake Erie. There is a public bus stop at the front of the park. The manufactured home comes with NEW APPLIANCES - Range, refrigerator, dishwasher, washer and dryer. Dogs are allowed for a $25 fee per dog per month. Some breeds are excluded per park rules. There is a $45 application fee per person over 18 years of age which covers background and financial check. You must be approved by the park to close on the sale of the property. The Buyer will be paying a security deposit of 1 month lot rent $420 plus the $483 which is lot rent, sewer, trash removal, water, property management at time of transfer/occupancy and if rent to own the down payment. Owner/Rent to Own financing available.

ⓘ 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 ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,428
• − Mortgage interest: −$2,213
• − Property taxes: −$592
• − Insurance: −$198
• − Repairs & maintenance: −$1,714
• − Management: −$1,714
• − HOA: −$1,140
• − Depreciation: −$1,149
• Taxable income: $12,708
• Est. tax owed @ 24.0%: −$3,050
• After-tax cash flow: $9,462/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

Fair 45/100 Moderate rehab

This manufactured home requires moderate repairs and maintenance, particularly to the exterior siding and landscaping, to improve its condition and value.

Repairs flagged

• Moderate Siding — Weathered and discolored, needs repainting or replacement
• Minor Deck — Some rotting visible, could be treated or replaced

Value-add opportunities

• Resale Painting and repainting the exterior siding — Fresh paint can significantly improve curb appeal and home value
• Rental Landscaping and lawn care — Well-maintained landscaping can attract tenants and increase rental value
• Both Deck repair or replacement — A functional and attractive deck can increase both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Siding · Weathered and discolored, needs repainting or replacement	Moderate	$3,000–15,000
Deck · Some rotting visible, could be treated or replaced	Minor	$500–3,000
Total estimated repair cost · 2 items		$3,500–18,000

Value-add ROI direction

• Resale Painting and repainting the exterior siding — Fresh paint can significantly improve curb appeal and home value ↑
• Rental Landscaping and lawn care — Well-maintained landscaping can attract tenants and increase rental value ↑
• Both Deck repair or replacement — A functional and attractive deck can increase both resale and rental value ↑

ⓘ 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: Madison Local
• NCES district ID: 3904788
• Math proficiency: 58% ▼ -7.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $51,608
• Composite: 49.99/100
• National rank: #1924
• State rank: #308 of 656 in OH

Livability — North Madison

• Score: 62/100
• State rank: #865
• US rank: #16372

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Madison, OH
• County: Lake · 224,932 people
• Metro: Cleveland, OH
• Population (ZIP): 19,491
• Household income: $70,212
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 8.5

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 (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Scotch-Irish 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -241.42%
• Current HPI: 187.8978
• 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

-10.2% since first listed

5 events — show timeline

• 2026-05-22 Listed $39,500 MLSNOW
• 2023-05-16 Sold (MLS) $30,000 MLSNOW
• 2023-05-10 Pending — MLSNOW
• 2023-04-29 Price Changed $39,000 MLSNOW
• 2023-03-09 Listed $44,000 MLSNOW