1330 Hanover Lot 0205 Rd · Delaware, OH 43015

$89,900

3 bd · 2.0 ba · 1,816 sqft · Land public records · 110 Days on market

Built 2025 $50/sqft · 18% below area Est $73k · 22% over

---

Why this score? — see what drove the C+ 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
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover practical comfort in this well-laid-out manufactured home located in the friendly Crystal Lake Community - Lot 205 This 3-bedroom, 2-bath single-wide offers approximately 1216 square feet of thoughtfully designed living space, making it an excellent option for those who want both functionality and affordability. Inside, the home features a smart layout that makes the most of every square foot. The living area provides a cozy yet open space to relax or gather with friends and family, while the nearby kitchen keeps everything within easy reach for everyday meals and conversations. With three bedrooms, there's flexibility for family members, guests, or even a home office. The primary bedroom includes its own private bathroom, offering added convenience and privacy. The additional bathroom helps keep mornings running smoothly. Set within the peaceful Crystal Lake Community, this manufactured home combines low-maintenance living with the space you need to feel at home. Whether you're starting out, downsizing, or looking for a budget-friendly move, Lot 205 delivers comfort, value, and a place to truly settle in.

Key facts

• Private bathroom
• Built 2025
• Listed 110 days

Tags

• PRIVATE BATHROOM
• LOW-MAINTENANCE LIVING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $90k.

Deal economics

• At list price, monthly cash flow is $878 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $82k (9.0% below list) — sets the bar for market timing.
• Cap rate 18.0% vs local median 2.5% in Delaware — 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 (#116 in OH, #1,717 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, schools A; Watch: amenities C-, commute F.
• Delaware City (suburban): math 47% / reading 63% proficiency, ranked #355 of 656 in OH (top 54%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.4%/yr); 499 active listings in the ZIP; solid renter incomes; 2,233 units permitted in Delaware County in 2024 (304 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Delaware County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.4% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 31y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $81,809 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% 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: 2.11% ✓
• Cap rate: 18.02%
• Cash-on-cash: 41.87%
• DSCR: 2.86
• GRM: 3.9

CMA / ARV

• ARV (median comp): $73,447
• List price: $89,900
• Delta: 22.40%
• Verdict: OVERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.42% rent growth · sell at horizon

5-year hold

• IRR: 36.7%
• Equity multiple: 2.53×
• Total profit: $38,426
• Equity at exit: $13,404

10-year hold

• IRR: 42.5%
• Equity multiple: 4.73×
• Total profit: $93,794
• Equity at exit: $7,773

Cash invested: $25,172 (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 43015

• Rents YoY: 1.4%
• Active inventory: 499
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $1,898 medium
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $878

Break-even live

Break-even rent $786

Max offer price $89,900

Occupancy floor 49%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 47 events

1. 2026-06-18
   days on market $89,900 Active 110 DOM
2. 2026-06-17
   days on market $89,900 Active 109 DOM
3. 2026-06-16
   days on market $89,900 Active 108 DOM
4. 2026-06-15
   days on market $89,900 Active 107 DOM
5. 2026-06-13
   days on market $89,900 Active 105 DOM
6. 2026-06-09
   days on market $89,900 Active 101 DOM
7. 2026-06-08
   days on market $89,900 Active 100 DOM
8. 2026-06-07
   days on market $89,900 Active 99 DOM
9. 2026-06-03
   days on market $89,900 Active 95 DOM
10. 2026-06-02
    days on market $89,900 Active 94 DOM
11. 2026-06-01
    days on market $89,900 Active 93 DOM
12. 2026-05-31
    days on market $89,900 Active 92 DOM
13. 2026-03-21
    price $89,900 1132-char remark

    Show marketing remark (1132 chars)

    Discover practical comfort in this well-laid-out manufactured home located in the friendly Crystal Lake Community - Lot 205 This 3-bedroom, 2-bath single-wide offers approximately 1216 square feet of thoughtfully designed living space, making it an excellent option for those who want both functionality and affordability. Inside, the home features a smart layout that makes the most of every square foot. The living area provides a cozy yet open space to relax or gather with friends and family, while the nearby kitchen keeps everything within easy reach for everyday meals and conversations. With three bedrooms, there's flexibility for family members, guests, or even a home office. The primary bedroom includes its own private bathroom, offering added convenience and privacy. The additional bathroom helps keep mornings running smoothly. Set within the peaceful Crystal Lake Community, this manufactured home combines low-maintenance living with the space you need to feel at home. Whether you're starting out, downsizing, or looking for a budget-friendly move, Lot 205 delivers comfort, value, and a place to truly settle in.

14. 2026-02-28
    listed $94,900 Active 1132-char remark

    Show marketing remark (1132 chars)

    Discover practical comfort in this well-laid-out manufactured home located in the friendly Crystal Lake Community - Lot 205 This 3-bedroom, 2-bath single-wide offers approximately 1216 square feet of thoughtfully designed living space, making it an excellent option for those who want both functionality and affordability. Inside, the home features a smart layout that makes the most of every square foot. The living area provides a cozy yet open space to relax or gather with friends and family, while the nearby kitchen keeps everything within easy reach for everyday meals and conversations. With three bedrooms, there's flexibility for family members, guests, or even a home office. The primary bedroom includes its own private bathroom, offering added convenience and privacy. The additional bathroom helps keep mornings running smoothly. Set within the peaceful Crystal Lake Community, this manufactured home combines low-maintenance living with the space you need to feel at home. Whether you're starting out, downsizing, or looking for a budget-friendly move, Lot 205 delivers comfort, value, and a place to truly settle in.

15. 2025-11-14
    historical
16. 2025-09-25
    listed $105,000 Active
17. 2024-01-30
    historical
18. 2024-01-12
    price $36,300
19. 2023-12-12
    price $37,500
20. 2023-12-06
    listed $49,000 Active
21. 2020-02-06
    soldstatus $3,000,000
22. 2015-11-13
    historical
23. 2015-07-28
    price $10,400
24. 2015-05-27
    listed $12,400 Active
25. 2012-04-26
    soldstatus $34,000
26. 2012-03-16
    historical
27. 2012-02-02
    listed $36,000
28. 2006-05-15
    historical
29. 2005-09-06
    listed $22,900
30. 2004-03-31
    historical
31. 2003-10-01
    historical
32. 2003-05-15
    listed $49,900
33. 2002-11-12
    listed $49,900
34. 2000-10-07
    historical
35. 2000-08-25
    listed $31,900
36. 1998-05-04
    historical
37. 1997-10-10
    listed $17,900
38. 1997-07-18
    soldstatus $17,000
39. 1997-07-01
    historical
40. 1996-11-15
    soldstatus $18,500
41. 1996-11-13
    historical
42. 1996-10-31
    listed $17,900
43. 1996-09-04
    listed $19,900
44. 1995-04-19
    historical
45. 1995-02-10
    listed $16,500
46. 1991-11-26
    soldstatus $1,735,000
47. 1986-08-14
    soldstatus $365,000

ⓘ 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 ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,778
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,822
• − Management: −$1,822
• − Depreciation: −$2,615
• Taxable income: $9,684
• Est. tax owed @ 24.0%: −$2,324
• After-tax cash flow: $8,215/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.

Schools (NCES district)

• District: Delaware City
• NCES district ID: 3904387
• Math proficiency: 47% ▼ -24.00%
• Reading proficiency: 63% ▼ -7.00%
• Median HH income: $55,434
• Composite: 47.39/100
• National rank: #2288
• State rank: #355 of 656 in OH

Livability — Delaware

• Score: 80/100
• State rank: #116
• US rank: #1717

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Delaware County · 203,207 people
• City population: 61,401
• Metro: Columbus, OH
• Population (ZIP): 61,401
• Household income: $105,322
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 965.0

Population outlook (Delaware County) Hauer SSP2

• Today (2025): 230,854 people
• By 2030: 249,294 · +8.0%
• By 2040: 284,223 · +23.1%
• By 2050: 315,314 · +36.6%
• By 2075: 379,462 · +64.4%
• By 2100: 403,158 · +74.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 7% Hispanic / Latino 5% Asian 5% Black 4%
• Common ancestry: Italian 3% Slovak 3% Romanian 2%
• Foreign-born: 5% · Canada, China, Vietnam
• Languages at home: 93% English-only · Spanish 2% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Delaware

• 2024 margin: Lean R (+6.6) · D 46.2% · R 52.8%
• 2008→2024 swing: +13.0pp toward D · 2008: -19.6pp · 2024: -6.6pp
• All cycles: 2024: R+6.6 2020: R+6.8 2016: R+16.1 2012: R+23.7 2008: R+19.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -398.47%
• Current HPI: 233.0634
• Rent YoY: ▲ 1.42%
• Metro: Columbus, 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

-75.4% since first listed

35 events — show timeline

• 2026-03-21 Price Changed $89,900 CBRMLS
• 2026-02-28 Listed $94,900 CBRMLS
• 2025-11-14 Listing Removed — CBRMLS
• 2025-09-25 Listed $105,000 CBRMLS
• 2024-01-30 Listing Removed — CBRMLS
• 2024-01-12 Price Changed $36,300 CBRMLS
• 2023-12-12 Price Changed $37,500 CBRMLS
• 2023-12-06 Listed $49,000 CBRMLS
• 2020-02-06 Sold (Public Records) $3,000,000 Public Records
• 2015-11-13 Listing Removed — CBRMLS
• 2015-07-28 Price Changed $10,400 CBRMLS
• 2015-05-27 Listed $12,400 CBRMLS
• 2012-04-26 Sold (MLS) $34,000 CBRMLS
• 2012-03-16 Listing Removed — CBRMLS
• 2012-02-02 Listed $36,000 CBRMLS
• 2006-05-15 Listing Removed — CBRMLS
• 2005-09-06 Listed $22,900 CBRMLS
• 2004-03-31 Listing Removed — CBRMLS
• 2003-10-01 Listing Removed — CBRMLS
• 2003-05-15 Listed $49,900 CBRMLS
• 2002-11-12 Listed $49,900 CBRMLS
• 2000-10-07 Listing Removed — CBRMLS
• 2000-08-25 Listed $31,900 CBRMLS
• 1998-05-04 Listing Removed — CBRMLS
• 1997-10-10 Listed $17,900 CBRMLS
• 1997-07-18 Sold (MLS) $17,000 CBRMLS
• 1997-07-01 Listing Removed — CBRMLS
• 1996-11-15 Sold (MLS) $18,500 CBRMLS
• 1996-11-13 Listing Removed — CBRMLS
• 1996-10-31 Listed $17,900 CBRMLS
• 1996-09-04 Listed $19,900 CBRMLS
• 1995-04-19 Listing Removed — CBRMLS
• 1995-02-10 Listed $16,500 CBRMLS
• 1991-11-26 Sold (Public Records) $1,735,000 Public Records
• 1986-08-14 Sold (Public Records) $365,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $73,020 · +3.7% YoY. Source: county tax records.