229 Lake Shore Ter · Lordstown, OH 44481

$52,900

2 bd · 1.0 ba · 900 sqft · SingleFamily · 38 Days on market

Built 1982 Average condition $59/sqft · 80% above area ↓ 24% since listing

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Why this score? — see what drove the A- 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
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.5/10.0
• Livability +3.4/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0

Listing remarks

This charming double wide lakefront manufactured home boasts a picturesque setting with stunning views of Paramount Lake. The highlight features include a delightful 4 seasons sunroom and a deck complete with a gazebo, providing the perfect spots to soak in the breathtaking scenery. Imagine waking up to the ever-changing beauty of nature right from your own sunroom or enjoying leisurely afternoons on the deck overlooking the serene lake. Whether it's fishing, swimming, or kayaking, you'll have easy access to recreational activities just steps away from your back door. Nestled within the Westwood Lake community, residents have access to a private beach, park, pavilion, and playground, enhanc

Key facts

• Private beach
• Deck with gazebo
• 4 seasons sunroom

Tags

• LAKEFRONT MANUFACTURED HOME
• 4 SEASONS SUNROOM
• DECK WITH GAZEBO
• PRIVATE BEACH
• WESTWOOD LAKE COMMUNITY

Property features AI

Finance

• Other: Home warranty included
• Financial info: Has land lease ($460); Pets allowed: cats and dogs
• HOA & community: Part of Westwood Lake Park HOA (monthly dues); HOA covers grounds maintenance, sewer, trash and water

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-story residence
• Construction: Aluminum siding; Rubber roof; Built by owner (year built source: owner)
• Exterior features: Waterfront property; Paved parking area

Interior

• Kitchen: Kitchen located on the main level
• Bedrooms: 2 main-level bedrooms
• Flooring: Carpet in living areas, dining room and bedroom(s)
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air gas heating; Central air conditioning
• Interior features: Window treatments throughout; Sunroom
• Laundry & utility: Main-level laundry in-unit (laundry closet)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $53k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($825 rent vs $53k).
• Recommended offer: $51k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#577 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Weathersfield Local (suburban): math 63% / reading 68% proficiency, ranked #209 of 656 in OH (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 35 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).
• This rent is only 16% of the median local income ($63k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $6k of equity ($366 loan paydown + $5k appreciation (10.0% local appreciation)).
• Trumbull County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($51k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago 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.

Recommended offer $51,313 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
4. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
5. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
6. 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.
7. 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.
8. 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: 1.56% ✓
• Cap rate: 12.78%
• Cash-on-cash: 23.18%
• DSCR: 2.03
• GRM: 5.3

CMA / ARV

• ARV (median comp): $29,397
• List price: $52,900
• Delta: 79.95%
• Verdict: OVERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 Lakeside Way	0.13mi	2/1.5	850 (-6%)	18mo	$25,000	$29	68
1452 West Park Ave	0.40mi	2/1.5	932 (+4%)	20mo	$112,500	$121	57

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 41.7%
• Equity multiple: 4.18×
• Total profit: $47,050
• Equity at exit: $47,657

10-year hold

• IRR: 36.0%
• Equity multiple: 9.39×
• Total profit: $124,245
• Equity at exit: $102,773

Cash invested: $14,812 (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 44481

• Home prices YoY: 11.2%
• Active inventory: 35
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $825 medium
• Mortgage (P&I): −$277
• Tax est. 1.5%: −$66 /mo · $794/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$173
• Net cashflow: $286

Break-even live

Break-even rent $463

Max offer price $52,900

Occupancy floor 60%

Sensitivity live

Price	-10% $323	-5% $304	+0% $286	+5% $268	+10% $250
Rent	-10% $221	-5% $254	+0% $286	+5% $319	+10% $351
Rate	-1.0pp $313	-0.5pp $300	base $286	+0.5pp $272	+1.0pp $259

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: $13,225
• Closing costs: $1,587
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
604 Indiana Ave Niles, OH	2.0	1.0	700	$825	$1.18	44d	2	1.03mi

Listing history 25 events

1. 2026-06-19
   days on market $52,900 Active 38 DOM
2. 2026-06-18
   days on market $52,900 Active 37 DOM
3. 2026-06-17
   days on market $52,900 Active 36 DOM
4. 2026-06-16
   days on market $52,900 Active 35 DOM
5. 2026-06-15
   days on market $52,900 Active 34 DOM
6. 2026-06-14
   days on market $52,900 Active 32 DOM
7. 2026-06-13
   days on market $52,900 Active 31 DOM
8. 2026-06-10
   days on market $52,900 Active 29 DOM
9. 2026-06-09
   days on market $52,900 Active 28 DOM
10. 2026-06-08
    days on market $52,900 Active 27 DOM
11. 2026-06-07
    days on market $52,900 Active 26 DOM
12. 2026-06-03
    days on market $52,900 Active 22 DOM
13. 2026-06-02
    days on market $52,900 Active 21 DOM
14. 2026-06-01
    days on market $52,900 Active 20 DOM
15. 2026-05-31
    days on market $52,900 Active 19 DOM
16. 2026-05-30
    days on market $52,900 Active 18 DOM
17. 2026-05-12
    listed $52,900 Active 1069-char remark
18. 2025-12-08
    historical
19. 2025-09-22
    price $49,900
20. 2025-03-29
    listed $54,900 Active
21. 2024-12-30
    historical
22. 2024-11-05
    price $57,900
23. 2024-08-28
    price $59,900
24. 2024-08-15
    price $65,900
25. 2024-02-08
    listed $69,900 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 ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,900
• − Mortgage interest: −$2,963
• − Property taxes: −$794
• − Insurance: −$264
• − Repairs & maintenance: −$792
• − Management: −$792
• − Depreciation: −$1,539
• Taxable income: $2,756
• Est. tax owed @ 24.0%: −$661
• After-tax cash flow: $2,773/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 · 6 photos

Average 55/100 Moderate rehab

This charming double-wide mobile home offers a picturesque lakefront setting with a 4-season sunroom and deck. While in average condition, it requires moderate repairs and maintenance to improve its resale and rental value.

Repairs flagged

• Minor wooden deck — visible wear
• Minor wooden walls — visible wear

Value-add opportunities

• Both paint interior walls — enhances curb appeal and interior aesthetics
• Both repair wooden deck — improves safety and appearance
• Both replace carpet with hardwood flooring — increases value and durability
• Both paint exterior siding — enhances curb appeal and durability

Renovation cost estimate screening

Repair item	Severity	Est. cost
wooden deck · visible wear	Minor	$500–3,000
wooden walls · visible wear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both paint interior walls — enhances curb appeal and interior aesthetics ↑
• Both repair wooden deck — improves safety and appearance ↑
• Both replace carpet with hardwood flooring — increases value and durability ↑
• Both paint exterior siding — enhances curb appeal and durability ↑

ⓘ 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: Weathersfield Local
• NCES district ID: 3905025
• Math proficiency: 63% ▼ -14.00%
• Reading proficiency: 68% ▼ -7.00%
• Median HH income: $48,310
• Composite: 55.46/100
• National rank: #1247
• State rank: #209 of 656 in OH

Livability — Lordstown

• Score: 68/100
• State rank: #577
• US rank: #9825

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Trumbull · 193,293 people
• Metro: Youngstown-Warren, OH
• Population (ZIP): 10,287
• Household income: $63,285
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 4.6

Population outlook (Trumbull County) Hauer SSP2

• Today (2025): 191,696 people
• By 2030: 184,015 · -4.0%
• By 2040: 166,810 · -13.0%
• By 2050: 149,857 · -21.8%
• By 2075: 115,769 · -39.6%
• By 2100: 83,617 · -56.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 4% Black 3% Hispanic / Latino 1%
• Common ancestry: Iranian 4% Polish 3% Romanian 3%
• Foreign-born: 1%
• Languages at home: 96% English-only · German/W. Germanic 3% Spanish 1%

Political lean MEDSL · Trumbull

• 2024 margin: R (+16.8) · D 41.2% · R 58.0%
• 2008→2024 swing: -39.2pp toward R · 2008: 22.4pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+10.6 2016: R+6.4 2012: D+22.2 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 36.58%
• Current HPI: 364.21
• 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

-24.3% since first listed

9 events — show timeline

• 2026-05-12 Listed $52,900 MLSNOW
• 2025-12-08 Listing Removed — MLSNOW
• 2025-09-22 Price Changed $49,900 MLSNOW
• 2025-03-29 Listed $54,900 MLSNOW
• 2024-12-30 Listing Removed — MLSNOW
• 2024-11-05 Price Changed $57,900 MLSNOW
• 2024-08-28 Price Changed $59,900 MLSNOW
• 2024-08-15 Price Changed $65,900 MLSNOW
• 2024-02-08 Listed $69,900 MLSNOW