13877 Seminole Path · Chippewa Park, OH 43331

$115,000

2 bd · 1.0 ba · 1,300 sqft · SingleFamily public records · 12 Days on market

Built 1948 1,742 sqft lot

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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 +8.9/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Endless possibilities here with this old style fishing cottage. You will have 2 beds, 1 bath on 2 parcels. The location is within a short walk of the Chippewa State Park boat ramp.

Key facts

• 1,742 sq ft lot
• Built 1948
• Listed 11 days

Tags

• WELCOMING NEIGHBORHOOD
• EASY ACCESS TO BOATING
• EASY ACCESS TO FISHING
• EASY ACCESS TO DINING
• EASY ACCESS TO ENTERTAINMENT
• RELAXED LAKE LIFESTYLE

Property features AI

Exterior

• Utilities: Shared well water source; Public sewer; Natural gas connected; Sewer connected
• Home design: Single family residence; House; Built in 1948
• Construction: Vinyl siding; Foundation: Other (see remarks)
• Exterior features: Lake-related waterfront; Residential lot; Irregular lot shape

Interior

• Kitchen: Range; Refrigerator; Dishwasher not listed
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating; Other heating (see remarks)
• Interior features: Ceiling fan(s)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $528 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Cap rate 11.8% vs local median 5.5% in Chippewa Park — 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 49/100 on livability (#1,173 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: amenities F, commute F, employment D-.
• 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: 109 active listings in the ZIP; 121 units permitted in Logan County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($60k/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 $795 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $85k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $115,000

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.39% ✓
• Cap rate: 11.80%
• Cash-on-cash: 19.68%
• DSCR: 1.88
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $243,100
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13877 Seminole Path	0.00mi	2/1.0	1,300 (0%)	2mo	$85,000	$65	98
11344 Mohawk Path	0.30mi	2/2.5	1,440 (+11%)	2mo	$285,000	$198	60
11275 Powhatan Path	0.25mi	3/2.0 (+1)	1,456 (+12%)	8mo	$240,000	$165	52
11230 Mohawk Path	0.19mi	3/2.0 (+1)	1,216 (-6%)	24mo	$187,500	$154	52
11518 Kickapoo Path	0.46mi	3/2.0 (+1)	1,404 (+8%)	8mo	$255,000	$182	50
11571 Mohawk Path	0.51mi	3/2.0 (+1)	1,176 (-10%)	2mo	$240,000	$204	50
11372 Powhatan Path	0.33mi	3/2.0 (+1)	1,456 (+12%)	10mo	$272,500	$187	47
14200 Oakwood Ave	0.52mi	3/2.0 (+1)	1,211 (-7%)	15mo	$315,000	$260	43

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: 11.7%
• Equity multiple: 1.47×
• Total profit: $14,979
• Equity at exit: $17,147

10-year hold

• IRR: 20.7%
• Equity multiple: 2.75×
• Total profit: $56,289
• Equity at exit: $9,943

Cash invested: $32,200 (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 43331

• Home prices YoY: -30.0%
• Active inventory: 109
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,597 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$83 /mo · $995/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $528

Break-even live

Break-even rent $929

Max offer price $115,000

Occupancy floor 62%

Sensitivity live

Price	-10% $593	-5% $561	+0% $528	+5% $495	+10% $463
Rent	-10% $402	-5% $465	+0% $528	+5% $591	+10% $654
Rate	-1.0pp $586	-0.5pp $557	base $528	+0.5pp $498	+1.0pp $468

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-21
   days on market $115,000 Active 12 DOM
2. 2026-06-21
   days on market $115,000 Active 11 DOM
3. 2026-06-18
   days on market $115,000 Active 9 DOM
4. 2026-06-17
   days on market $115,000 Active 8 DOM
5. 2026-06-16
   days on market $115,000 Active 7 DOM
6. 2026-06-15
   days on market $115,000 Active 6 DOM
7. 2026-06-13
   days on market $115,000 Active 4 DOM
8. 2026-06-12
   remarks 699-char remark
9. 2026-06-12
   listed $115,000 Active 3 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $995 · $83/mo
• Projected year-2 tax: $1,394 · $116/mo
• Expected delta: +$400/yr (+$33/mo · 40.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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: $19,167
• − Mortgage interest: −$6,442
• − Property taxes: −$995
• − Insurance: −$575
• − Repairs & maintenance: −$1,533
• − Management: −$1,533
• − Depreciation: −$3,345
• Taxable income: $4,744
• Est. tax owed @ 24.0%: −$1,138
• After-tax cash flow: $5,197/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: 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

Livability — Chippewa Park

• Score: 49/100
• State rank: #1173
• US rank: #25758

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chippewa Park, OH
• County: Logan · 47,256 people
• Population (ZIP): 4,012
• Household income: $60,159
• Rent vs Own: 11.5% rent · 88.5% own
• Severe rent burden: 16.1

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%

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%
• Common ancestry: Lithuanian 2% Slovak 2% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

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

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

+505.3% since first listed

6 events — show timeline

• 2026-06-09 Listed $115,000 WRIST
• 2026-04-29 Sold (Public Records) $85,000 Public Records
• 2026-04-27 Sold (MLS) $85,000 WRIST
• 2026-04-15 Pending — WRIST
• 2026-04-14 Listed $80,000 WRIST
• 1987-06-30 Sold (Public Records) $19,000 Public Records

Property tax history

+13.2%/yr

Latest (2025): $995 · +67.7% YoY. Source: county tax records.