11377 Township Road 266 #21 · Lakeview, OH 43331

$50,000

1 bd · 1.0 ba · 400 sqft · Manufactured · 39 Days on market

Manufactured home Built 1999 Good condition $125/sqft · 29% below area Est $71k · 29% under ↓ 10% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +6.4/10.0
• Condition / age +3.8/5.0
• Livability +3.2/5.0
• Appreciation +2.5/10.0
• Rent growth +2.5/5.0
• Manufactured-home adj. -6.7

Listing remarks

This 1999 Woodland Park mobile home has been very well taken care of, both inside and out. It is situated on one of the largest corner lots in the park. The floor plan is very open with the living room, kitchen and dining area all in one. The master bedroom is very spacious. Some updates include some replacement windows, newer roof, amazing composite covered porch and more. WASHER/DRYER HOOK-UP!!! Furnished, including porch furniture. Mower and golf cart are negotiable. Community features include ample parking lot located by front entrance, shelter house, inground pool, new asphalt roads, putt-putt and basketball area, swing set area and more!

Key facts

• Newer roof
• Largest corner lots
• Inground pool

Tags

• LARGEST CORNER LOTS
• REPLACEMENT WINDOWS
• NEWER ROOF
• COMPOSITE COVERED PORCH
• AMPLE PARKING LOT
• INGROUND POOL

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $50k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $346 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($876 rent vs $50k).
• Recommended offer: $48k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.6% vs local median 4.7% in Lakeview — 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 63/100 on livability (#836 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Indian Lake Local (rural): math 59% / reading 66% proficiency, ranked #261 of 656 in OH (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Indian Lake Elementary School (math 72% / reading 67%, grade A-, #391 of 1,584 statewide, top 27%, 510 students, 45% FRL); Indian Lake Middle School (math 56% / reading 65%, grade B+, #259 of 654 statewide, top 40%, 407 students, 42% FRL); Indian Lake High School (math 52% / reading 72%, grade B-, #202 of 781 statewide, top 29%, 492 students, 34% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: 180 active listings in the ZIP; 121 units permitted in Logan County in 2024 (0 in 5+ unit buildings).
• This rent is only 17% of the median local income ($60k/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 $346 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Logan 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 $14k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $48,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.75% ✓
• Cap rate: 14.60%
• Cash-on-cash: 29.67%
• DSCR: 2.32
• GRM: 4.8

CMA / ARV

• ARV (median comp): $70,642
• List price: $50,000
• Delta: -29.22%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11377 Township Rd 266 #76	0.00mi	1/1.0	396 (-1%)	1mo	$35,500	$90	98
11377 Township Road 266 #10	0.00mi	1/1.0	400 (0%)	3mo	$88,000	$220	98
11377 Township Road 266 #28	0.06mi	1/1.0	396 (-1%)	6mo	$77,500	$196	90
11377 Township Road 266 #84	0.00mi	2/1.0 (+1)	396 (-1%)	4mo	$22,000	$56	90
11377 Township Road 266 #27	0.06mi	2/1.0 (+1)	396 (-1%)	5mo	$17,000	$43	86
11377 Township Road 266 #67	0.00mi	1/1.0	437 (+9%)	1mo	$57,000	$130	84
11377 Township Road 266 #15	0.06mi	1/1.0	432 (+8%)	1mo	$37,000	$86	83
11475 Township Road 293 #216	0.40mi	1/1.0	399 (-0%)	2mo	$120,000	$301	80
11539 Lake Dr #153	0.29mi	1/1.0	418 (+4%)	3mo	$73,500	$176	77
11475 Township Road 293 #84	0.51mi	1/1.0	399 (-0%)	2mo	$122,000	$306	74
11475 Township 293 Rd #351	0.31mi	1/1.0	437 (+9%)	0mo	$130,000	$297	70
11539 Lake Dr #171	0.37mi	2/1.0 (+1)	418 (+4%)	4mo	$144,000	$344	67

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.2%
• Equity multiple: 2.00×
• Total profit: $13,957
• Equity at exit: $7,455

10-year hold

• IRR: 32.0%
• Equity multiple: 3.90×
• Total profit: $40,594
• Equity at exit: $4,323

Cash invested: $14,000 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 19 active · 21 under contract
• Months of supply: 6.7 mo (15%/mo absorbed)
• Median asking: $58,500 ($148/sqft)
• Median days on market: 93 d
• This list price: 47% of active listings are priced below it
• ARV vs active asking: +19.6% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 43331

• Home prices YoY: -30.0%
• Active inventory: 180
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $876 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$184
• Net cashflow: $346

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 55%

Sensitivity live

Price	-10% $381	-5% $363	+0% $346	+5% $329	+10% $312
Rent	-10% $277	-5% $312	+0% $346	+5% $381	+10% $415
Rate	-1.0pp $371	-0.5pp $359	base $346	+0.5pp $333	+1.0pp $320

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: $12,500
• Closing costs: $1,500
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Finance

• Other: Located in Indian Lake Estates (Condo Camping)
• HOA & community: Association covers trash and water

Exterior

• Utilities: Shared well waterPublic sewerSewer connected
• Home design: Residential mobile homeBuilt in 1999
• Construction: Vinyl siding
• Exterior features: PorchIn-ground poolShed(s)Lake-related waterfrontLeased land / leased lot

Interior

• Kitchen: RangeRefrigerator
• Bedrooms: 1 bedroom
• Flooring: Laminate flooringVinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating present (see remarks for type)
• Interior features: 4 total roomsNo basement

Listing history 50 events

1. 2026-11-08
   days on market $50,000 Active 39 DOM
2. 2026-11-07
   days on market $50,000 Active 38 DOM
3. 2026-11-07
   price $50,000 Active 37 DOM
4. 2026-11-06
   days on market $54,000 Active 37 DOM
5. 2026-11-05
   days on market $54,000 Active 36 DOM
6. 2026-11-04
   days on market $54,000 Active 35 DOM
7. 2026-11-02
   days on market $54,000 Active 33 DOM
8. 2026-11-01
   days on market $54,000 Active 32 DOM
9. 2026-10-31
   days on market $54,000 Active 31 DOM
10. 2026-10-31
    days on market $54,000 Active 30 DOM
11. 2026-10-29
    days on market $54,000 Active 29 DOM
12. 2026-10-28
    days on market $54,000 Active 28 DOM
13. 2026-10-27
    days on market $54,000 Active 27 DOM
14. 2026-10-26
    days on market $54,000 Active 26 DOM
15. 2026-10-25
    days on market $54,000 Active 25 DOM
16. 2026-10-24
    days on market $54,000 Active 24 DOM
17. 2026-10-23
    days on market $54,000 Active 23 DOM
18. 2026-10-22
    days on market $54,000 Active 22 DOM
19. 2026-10-21
    days on market $54,000 Active 21 DOM
20. 2026-10-20
    days on market $54,000 Active 20 DOM
21. 2026-10-19
    days on market $54,000 Active 19 DOM
22. 2026-10-18
    days on market $54,000 Active 18 DOM
23. 2026-10-17
    days on market $54,000 Active 17 DOM
24. 2026-10-16
    days on market $54,000 Active 16 DOM
25. 2026-10-15
    days on market $54,000 Active 15 DOM
26. 2026-10-14
    days on market $54,000 Active 14 DOM
27. 2026-10-14
    price $54,000 Active 13 DOM
28. 2026-10-13
    days on market $59,900 Active 13 DOM
29. 2026-10-12
    days on market $59,900 Active 12 DOM
30. 2026-10-11
    days on market $59,900 Active 11 DOM
31. 2026-10-10
    days on market $59,900 Active 10 DOM
32. 2026-10-09
    days on market $59,900 Active 9 DOM
33. 2026-10-08
    days on market $59,900 Active 8 DOM
34. 2026-10-07
    days on market $59,900 Active 7 DOM
35. 2026-10-06
    days on market $59,900 Active 6 DOM
36. 2026-10-05
    days on market $59,900 Active 5 DOM
37. 2026-10-04
    days on market $59,900 Active 4 DOM
38. 2026-10-03
    days on market $59,900 Active 3 DOM
39. 2026-10-02
    days on market $59,900 Active 2 DOM
40. 2026-10-01
    days on marketlisting id $59,900 Active 1 DOM
41. 2026-06-28
    days on market $59,900 Active 106 DOM
42. 2026-06-27
    days on market $59,900 Active 105 DOM
43. 2026-06-26
    days on market $59,900 Active 104 DOM
44. 2026-06-22
    days on market $59,900 Active 100 DOM
45. 2026-06-21
    days on market $59,900 Active 99 DOM
46. 2026-06-21
    days on market $59,900 Active 98 DOM
47. 2026-06-18
    days on market $59,900 Active 96 DOM
48. 2026-06-17
    days on market $59,900 Active 95 DOM
49. 2026-06-16
    days on market $59,900 Active 94 DOM
50. 2026-06-15
    days on market $59,900 Active 93 DOM

ⓘ 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
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,506
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$841
• − Management: −$841
• − Depreciation: −$1,455
• Taxable income: $3,570
• Est. tax owed @ 24.0%: −$857
• After-tax cash flow: $3,297/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

Good 75/100 Cosmetic rehab Est. rehab $2,000–$6,000 screening

This 1999 Woodland Park mobile home is in good condition with some cosmetic updates needed. It offers a spacious floor plan and is situated on a corner lot with community amenities.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance
• Minor Bathroom vanity — Needs fresh paint

Value-add opportunities

• Resale Paint kitchen cabinets — Fresh paint enhances curb appeal ↑
• Resale Paint bathroom vanity — Fresh paint enhances curb appeal ↑
• Resale Replace worn kitchen cabinets — New cabinets improve functionality and aesthetics ↑
• Resale Replace worn bathroom vanity — New vanity enhances functionality and aesthetics ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 64/100

Zoned Schools

Elementary Indian Lake Elementary School A- OH #391/1,584 Nat'l #3,487/41,679 Middle Indian Lake Middle School B+ OH #259/654 Nat'l #1,738/14,009 High Indian Lake High School B- OH #202/781 Nat'l #3,220/17,239

Schools (NCES district)

• District: Indian Lake Local
• NCES district ID: 3904808
• Math proficiency: 59% ▼ -14.00%
• Reading proficiency: 66% ▼ -4.00%
• Median HH income: $44,496
• Composite: 52.6/100
• National rank: #1559
• State rank: #261 of 656 in OH

C Composite livability gradescore 63/100

Livability — Lakeview

• Score: 63/100
• State rank: #836
• US rank: #15632

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Logan · 44,240 people
• Population (ZIP): 4,012
• Household income: $60,159
• Rent vs Own: 11.5% rent · 88.5% own
• Severe rent burden: 16% of renters

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Population outlook (Logan County) Hauer SSP2

• Today (2025): 44,240 people
• By 2030: 43,166 · -2.4%
• By 2040: 40,495 · -8.5%
• By 2050: 37,511 · -15.2%
• By 2075: 30,453 · -31.2%
• By 2100: 23,081 · -47.8%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 2% Black 1%
• Languages at home: 96% English-only · Spanish 4%

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Political lean MEDSL · Logan

• 2024 margin: Solid R (+56.2) · D 21.5% · R 77.7%
• 2008→2024 swing: -29.6pp toward R · 2008: -26.6pp · 2024: -56.2pp
• All cycles: 2024: R+56.2 2020: R+55.2 2016: R+52.6 2012: R+31.8 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.75%
• Current HPI: 256.2406
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

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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

Property features AI

Finance

• Other: Located in Indian Lake Estates (Condo Camping)
• HOA & community: Association covers trash and water

Exterior

• Utilities: Shared well waterPublic sewerSewer connected
• Home design: Residential mobile homeBuilt in 1999
• Construction: Vinyl siding
• Exterior features: PorchIn-ground poolShed(s)Lake-related waterfrontLeased land / leased lot

Interior

• Kitchen: RangeRefrigerator
• Bedrooms: 1 bedroom
• Flooring: Laminate flooringVinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating present (see remarks for type)
• Interior features: 4 total roomsNo basement

Price history

-9.8% since first listed

4 events — show timeline

• 2026-10-13 Price Changed $54,000 WRIST
• 2026-09-30 Listed $59,900 WRIST
• 2026-06-28 Listing Removed — WRIST
• 2026-03-14 Listed $59,900 WRIST