2655 Stoneyridge Dr · Madison, OH 44057

$48,900

3 bd · 2.0 ba · 1,020 sqft · SingleFamily · 110 Days on market

Built 1993 ↓ 9% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 2655 Stoneyridge Drive in Madison 44057 — a warm and inviting home that has been lovingly cared for by the same family for over 20 years. This well-maintained 3-bedroom, 2 full bathroom mobile home offers comfortable living with a bright, open feel throughout. Large windows fill the space with natural light, creating a cheerful atmosphere in every room. The spacious kitchen provides ample cabinet and counter space, making meal prep and gatherings easy and enjoyable. Just off the kitchen, a dedicated dining area offers the perfect spot for family dinners or entertaining guests. The primary suite features a private ensuite bathroom complete with both a soaking tub and separat

Key facts

• Large windows
• Soaking tub
• Spacious kitchen

Tags

• LARGE WINDOWS
• SPACIOUS KITCHEN
• DEDICATED DINING AREA
• PRIVATE ENSUITE BATHROOM
• SOAKING TUB
• SEPARATE SHOWER

Property features AI

Finance

• Financial info: Monthly land lease payment: $364
• HOA & community: Property has a land lease with a monthly amount

Exterior

• Parking: Concrete driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; Vinyl-sided exterior; Asphalt/fiberglass roof
• Construction: Built (year per public records); Vinyl siding construction; Asphalt/fiberglass roof
• Exterior features: Deck; Patio

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 2 full bathrooms, both on the main level
• Heating & cooling: Gas heating; Ceiling-fan cooling
• Interior features: Ceiling fans

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $49k.

Deal economics

• At list price, monthly cash flow is $959 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $49k).
• Recommended offer: $44k (9.0% below list) — sets the bar for market timing.
• Cap rate 29.8% vs local median 5.5% in Madison — 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 75/100 on livability (#250 in OH, #3,982 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: health & safety D, amenities F, commute 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.
• Market conditions: 96 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $338 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 $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

Recommended offer $44,499 (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 B-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: 3.36% ✓
• Cap rate: 29.82%
• Cash-on-cash: 84.03%
• DSCR: 4.74
• GRM: 2.5

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: 84.4%
• Equity multiple: 4.88×
• Total profit: $53,163
• Equity at exit: $7,291

10-year hold

• IRR: 87.6%
• Equity multiple: 10.13×
• Total profit: $125,022
• Equity at exit: $4,228

Cash invested: $13,692 (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: 96
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,641 medium
• Mortgage (P&I): −$256
• Tax est. 1.5%: −$61 /mo · $734/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $959

Break-even live

Break-even rent $428

Max offer price $48,900

Occupancy floor 37%

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: $12,225
• Closing costs: $1,467
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1942 Clyde Rd Madison, OH	2.0	1.0	720	$1,250	$1.74	43d	1	1.37mi
6724 Georgetown Ln Madison, OH	2.0–3.0	2.0	1260	$1,995	$1.58	43d	1	1.42mi

Listing history 17 events

1. 2026-06-18
   days on market $48,900 Active 110 DOM
2. 2026-06-17
   days on market $48,900 Active 109 DOM
3. 2026-06-16
   days on market $48,900 Active 108 DOM
4. 2026-06-15
   days on market $48,900 Active 107 DOM
5. 2026-06-13
   days on market $48,900 Active 105 DOM
6. 2026-06-12
   pricedays on market $48,900 Active 104 DOM
7. 2026-06-09
   days on market $50,000 Active 101 DOM
8. 2026-06-08
   days on market $50,000 Active 100 DOM
9. 2026-06-08
   days on market $50,000 Active 99 DOM
10. 2026-06-07
    days on market $50,000 Active 98 DOM
11. 2026-06-04
    days on market $50,000 Active 95 DOM
12. 2026-06-02
    days on market $50,000 Active 94 DOM
13. 2026-06-01
    days on market $50,000 Active 93 DOM
14. 2026-05-31
    days on market $50,000 Active 92 DOM
15. 2026-05-15
    historical Contingent
16. 2026-05-08
    price $50,000
17. 2026-02-27
    listed $55,000 Active

ⓘ 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 · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,696
• − Mortgage interest: −$2,739
• − Property taxes: −$734
• − Insurance: −$244
• − Repairs & maintenance: −$1,576
• − Management: −$1,576
• − Depreciation: −$1,423
• Taxable income: $11,405
• Est. tax owed @ 24.0%: −$2,737
• After-tax cash flow: $8,768/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: 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 — Madison

• Score: 75/100
• State rank: #250
• US rank: #3982

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake · 224,932 people
• City population: 19,491
• 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

-9.1% since first listed

3 events — show timeline

• 2026-05-15 Contingent — MLSNOW
• 2026-05-08 Price Changed $50,000 MLSNOW
• 2026-02-27 Listed $55,000 MLSNOW