8323 Eagle Rd #52 · Kirtland, OH 44094

$71,290

2 bd · 1.0 ba · 746 sqft · SingleFamily · 372 Days on market

Poor condition $96/sqft · 134% above area

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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 +6.8/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

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, where convenience meets comfort in a peaceful, well-located community just minutes from local parks, shopping, and daily amenities—yet tucked away from the hustle and bustle. This is your opportunity to customize your own 2-bedroom, 1-bath home and step into the freedom of homeownership—say goodbye to the restrictions of apartment living! Inside, you'll enjoy a bright, open-concept layout that blends the eat-in kitchen and living area—perfect for relaxing or entertaining. This home comes with a 7 year warranty. The smaller footprint means low maintenance and more time to enjoy life. Pets are welcome (with some restrictions), and park applications are available online. All offers are subject to park approval, and community rules are available to review in advance. Don't miss out on this exciting opportunity—schedule your private showing today, or contact us for information on additional floor plans and available lots in this fantastic Kirtland location!

Key facts

• Eat-in kitchen
• Low maintenance
• Open-concept layout

Tags

• OPEN-CONCEPT LAYOUT
• EAT-IN KITCHEN
• LOW MAINTENANCE
• WELL-LOCATED COMMUNITY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $71k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $481 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $71k).
• Recommended offer: $63k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.4% vs local median 3.5% 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); 187 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 $492 of loan paydown is wiped out by about $2k 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 $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 372 days — a 12% lower offer ($63k) is reasonable based on typical stale-listing flexibility.

Recommended offer $62,735 (12.0% below list)

Questions for the listing agent

1. It's been on market 372 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.73% ✓
• Cap rate: 14.38%
• Cash-on-cash: 28.89%
• DSCR: 2.29
• GRM: 4.8

CMA / ARV

• ARV (median comp): $30,512
• List price: $71,290
• Delta: 133.64%
• Verdict: OVERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8323 Eagle Rd #38	0.00mi	2/2.0	765 (+2%)	11mo	$86,000	$112	83
9735 Chillicothe Rd #01	0.32mi	2/1.0	714 (-4%)	10mo	$5,100	$7	70
9735 Chillicothe Rd #13	0.32mi	2/1.0	672 (-10%)	7mo	$13,800	$21	63
9735 Chillicothe Rd #20	0.32mi	2/1.0	780 (+5%)	18mo	$28,300	$36	62

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: 24.4%
• Equity multiple: 2.02×
• Total profit: $20,338
• Equity at exit: $10,630

10-year hold

• IRR: 32.8%
• Equity multiple: 4.13×
• Total profit: $62,494
• Equity at exit: $6,164

Cash invested: $19,961 (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: 187
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,232 medium
• Mortgage (P&I): −$374
• Tax est. 1.5%: −$89 /mo · $1,069/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $481

Break-even live

Break-even rent $624

Max offer price $71,290

Occupancy floor 56%

Sensitivity live

Price	-10% $530	-5% $505	+0% $481	+5% $456	+10% $431
Rent	-10% $383	-5% $432	+0% $481	+5% $529	+10% $578
Rate	-1.0pp $516	-0.5pp $499	base $481	+0.5pp $462	+1.0pp $443

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: $17,822
• Closing costs: $2,139
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-18
   days on market $71,290 Active 372 DOM
2. 2026-06-17
   days on market $71,290 Active 371 DOM
3. 2026-06-16
   days on market $71,290 Active 370 DOM
4. 2026-06-15
   days on market $71,290 Active 369 DOM
5. 2026-06-13
   days on market $71,290 Active 367 DOM
6. 2026-06-13
   pricedays on market $71,290 Active 366 DOM
7. 2026-06-09
   days on market $70,350 Active 363 DOM
8. 2026-06-08
   days on market $70,350 Active 362 DOM
9. 2026-06-07
   days on market $70,350 Active 361 DOM
10. 2026-06-05
    days on market $70,350 Active 358 DOM
11. 2026-06-03
    days on market $70,350 Active 357 DOM
12. 2026-06-02
    days on market $70,350 Active 356 DOM
13. 2026-06-01
    days on market $70,350 Active 355 DOM
14. 2026-05-31
    days on market $70,350 Active 354 DOM
15. 2025-06-11
    listed $70,350 Active 1155-char remark

    Show marketing remark (1155 chars)

    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, where convenience meets comfort in a peaceful, well-located community just minutes from local parks, shopping, and daily amenities—yet tucked away from the hustle and bustle. This is your opportunity to customize your own 2-bedroom, 1-bath home and step into the freedom of homeownership—say goodbye to the restrictions of apartment living! Inside, you'll enjoy a bright, open-concept layout that blends the eat-in kitchen and living area—perfect for relaxing or entertaining. This home comes with a 7 year warranty. The smaller footprint means low maintenance and more time to enjoy life. Pets are welcome (with some restrictions), and park applications are available online. All offers are subject to park approval, and community rules are available to review in advance. Don't miss out on this exciting opportunity—schedule your private showing today, or contact us for information on additional floor plans and available lots in this fantastic Kirtland location!

ⓘ 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: $14,783
• − Mortgage interest: −$3,993
• − Property taxes: −$1,069
• − Insurance: −$356
• − Repairs & maintenance: −$1,183
• − Management: −$1,183
• − Depreciation: −$2,074
• Taxable income: $4,925
• Est. tax owed @ 24.0%: −$1,182
• After-tax cash flow: $4,585/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 · 5 photos

Poor 20/100 None rehab

This property is a 'To Be Built' home with no current photos available. It is located in Eagle Mobile Home Park and is being marketed as a new build with a 7-year warranty. The property is in a poor condition as there are no photos of the interior or exterior. The highest-ROI updates would be to improve the landscaping, kitchen and bathroom, exterior and siding, HVAC and mechanical systems, and interior walls and paint.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances the home's aesthetic and appeal
• Both Kitchen and bathroom updates — Improves functionality and adds value
• Both Exterior and siding repairs — Enhances curb appeal and structural integrity
• Both HVAC and mechanical system upgrades — Ensures comfort and energy efficiency
• Both Interior wall and paint updates — Enhances the home's appearance and value

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances the home's aesthetic and appeal ↑
• Both Kitchen and bathroom updates — Improves functionality and adds value ↑
• Both Exterior and siding repairs — Enhances curb appeal and structural integrity ↑
• Both HVAC and mechanical system upgrades — Ensures comfort and energy efficiency ↑
• Both Interior wall and paint updates — Enhances the home's appearance and 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

1 event — show timeline

• 2025-06-11 Listed $70,350 MLSNOW