8323 Eagle Rd #45 · Kirtland, OH 44094

$113,434

3 bd · 2.0 ba · 1,067 sqft · SingleFamily · 11 Days on market

Poor condition Est $106k · 7% over

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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
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• Schools +6.8/10.0
• ARV discount +4.2/15.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

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, perfectly located near the beautiful Holden Arboretum and just minutes from local parks, shopping, and everyday conveniences—yet tucked away enough to enjoy peace and quiet. This beautifully designed 3-bedroom, 2-bath home offers enough space for all to be comfortable. Add an island if you would like. Who knew you would could get this amount of space and customize it for such a great price?! Enjoy the open-concept layout that seamlessly connects the eat-in kitchen to the bright and inviting living area. Enjoy the peace and

Key facts

• Bright living area
• Holden arboretum
• Eat-in kitchen

Tags

• EAGLE MOBILE HOME PARK
• HOLDEN ARBORETUM
• OPEN-CONCEPT LAYOUT
• EAT-IN KITCHEN
• BRIGHT LIVING AREA
• SMALLER OUTDOOR FOOTPRINT

Property features AI

Finance

• Other: Property listed as to-be-built
• Financial info: Has land lease with monthly amount of $405; Pets allowed with breed restrictions
• HOA & community: Association: Eagle Mobile Home Park; Monthly lot/association fee; Association covers management, sewer, trash and water

Exterior

• Parking: On-site parking available; On-street parking available
• Utilities: Public water; Private sewer
• Home design: Single-story home
• Construction: Vinyl siding; Asphalt/fiberglass roof; Has home warranty; Built by builder (year built source: Builder)
• Exterior features: On-site parking; On-street parking

Interior

• Kitchen: Range; Refrigerator; Eat-in layout
• Bedrooms: 3 main-level bedrooms; Bedroom with carpet; Bedroom with carpet; Bedroom with carpet
• Flooring: Carpet in living areas and bedrooms
• Bathrooms: 2 full bathrooms (both on main level)
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Crown molding; Eat-in kitchen; Open floorplan; Recessed lighting
• Laundry & utility: Washer hookup on main level; Electric dryer hookup on main level; Gas dryer hookup on main level; Main-level laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $113k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $113k).
• Cap rate 11.9% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $784 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $113,434

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.47% ✓
• Cap rate: 11.92%
• Cash-on-cash: 20.11%
• DSCR: 1.89
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $105,633
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8323 Eagle Rd #23	0.23mi	3/2.0	933 (-13%)	14mo	$83,500	$89	57
8323 Eagle Rd #29	0.23mi	3/2.0	933 (-13%)	16mo	$86,500	$93	55
9735 Chillicothe Rd #2	0.29mi	2/1.0 (-1)	980 (-8%)	14mo	$25,500	$26	52
8376 Eagle Rd	0.29mi	3/1.0	1,200 (+12%)	15mo	$270,000	$225	50
8323 Eagle Rd #91	0.23mi	2/2.0 (-1)	910 (-15%)	21mo	$89,661	$99	42
8350 Alpine Dr	0.49mi	3/2.0	1,220 (+14%)	14mo	$290,000	$238	41

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: 13.4%
• Equity multiple: 1.54×
• Total profit: $17,249
• Equity at exit: $16,913

10-year hold

• IRR: 23.1%
• Equity multiple: 3.08×
• Total profit: $65,930
• Equity at exit: $9,808

Cash invested: $31,762 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,666 medium
• Mortgage (P&I): −$595
• Tax est. 1.5%: −$142 /mo · $1,702/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $532

Break-even live

Break-even rent $992

Max offer price $113,434

Occupancy floor 63%

Sensitivity live

Price	-10% $611	-5% $571	+0% $532	+5% $493	+10% $454
Rent	-10% $401	-5% $466	+0% $532	+5% $598	+10% $664
Rate	-1.0pp $589	-0.5pp $561	base $532	+0.5pp $503	+1.0pp $473

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: $28,358
• Closing costs: $3,403
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-21
   days on market $113,434 Active 11 DOM
2. 2026-06-18
   days on market $113,434 Active 8 DOM
3. 2026-06-17
   days on market $113,434 Active 7 DOM
4. 2026-06-16
   days on market $113,434 Active 6 DOM
5. 2026-06-15
   days on market $113,434 Active 5 DOM
6. 2026-06-13
   days on market $113,434 Active 3 DOM
7. 2026-06-13
   remarks 681-char remark
8. 2026-06-13
   listed $113,434 Active 2 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 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: $19,991
• − Mortgage interest: −$6,354
• − Property taxes: −$1,702
• − Insurance: −$567
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − Depreciation: −$3,300
• Taxable income: $4,870
• Est. tax owed @ 24.0%: −$1,169
• After-tax cash flow: $5,217/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 · 7 photos

Poor 20/100 Extensive rehab

This home requires extensive repairs and updates, including a new roof, siding, paint, HVAC, and landscaping. Significant investment is needed to bring it up to a livable condition.

Repairs flagged

• Major roof — The independent image shows significant damage to the roof.
• Major exterior siding — The independent image shows extensive damage to the siding.
• Major paint — The independent image shows peeling paint on the exterior and interior walls.
• Major HVAC unit — The independent image shows an old and rusted HVAC unit.
• Major landscaping — The independent image shows overgrown grass and weeds.

Value-add opportunities

• Both New roof — A new roof will significantly improve the home's appearance and increase its value.
• Both New exterior siding — New siding will improve the home's curb appeal and increase its value.
• Both Paint job — A fresh coat of paint will improve the home's appearance and increase its value.
• Both HVAC replacement — A new HVAC system will improve comfort and energy efficiency, increasing both resale and rental value.
• Both Landscaping — A well-maintained landscape will improve the home's curb appeal and increase its value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · The independent image shows significant damage to the roof.	Major	$15,000–50,000
exterior siding · The independent image shows extensive damage to the siding.	Major	$15,000–50,000
paint · The independent image shows peeling paint on the exterior and interior walls.	Major	$15,000–50,000
HVAC unit · The independent image shows an old and rusted HVAC unit.	Major	$15,000–50,000
landscaping · The independent image shows overgrown grass and weeds.	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both New roof — A new roof will significantly improve the home's appearance and increase its value. ↑
• Both New exterior siding — New siding will improve the home's curb appeal and increase its value. ↑
• Both Paint job — A fresh coat of paint will improve the home's appearance and increase its value. ↑
• Both HVAC replacement — A new HVAC system will improve comfort and energy efficiency, increasing both resale and rental value. ↑
• Both Landscaping — A well-maintained landscape will improve the home's curb appeal and increase its 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: 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

+900.0% since first listed

2 events — show timeline

• 2026-06-11 Price Changed $113,434 MLSNOW
• 2026-06-08 Listed $11,343 MLSNOW