1166 Lafayette Rd Unit G1 · Medina, OH 44256

$65,000

3 bd · 1.0 ba · 1,050 sqft · SingleFamily · 21 Days on market

Built 1983 Good condition $410/mo HOA · 21% of rent ↓ 28% since listing

---

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 +6.3/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Rent growth +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This beautifully maintained mobile home is move in ready and won't last long! Situated on a desirable corner lot, this home features a convenient horseshoe driveway and a spacious attached carport. Enjoy the recently updated wraparound porch . This home has been exceptionally cared for throughout the years . The furnace and air conditioning have been professionally maintained and inspected annually for peace of mind. This home also features newer windows and front door (less than 2 yrs. old). Inside , you'll find a bright inviting layout with a large eat-in kitchen offering an abundance of cabinet space and a pantry. The home comes fully equipped with appliances including washer, dryer, d

Key facts

• Attached carport
• Horseshoe driveway
• Newer windows

Tags

• CORNER LOT
• HORSESHOE DRIVEWAY
• ATTACHED CARPORT
• UPDATED WRAPAROUND PORCH
• NEWER WINDOWS
• NEW FRONT DOOR

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $682 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $64k (1.5% below list) — sets the bar for market timing.
• Cap rate 18.9% vs local median 3.0% in Medina — 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 76/100 on livability (#209 in OH, #3,302 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Medina City SD (suburban): math 70% / reading 74% proficiency, ranked #115 of 656 in OH (top 18%) — strong family-tenant draw, lease renewals of 3-5y typical; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: H G Blake Elementary School (math 77% / reading 82%, grade A, #173 of 1,584 statewide, top 12%, 424 students, 13% FRL); A. I. Root Middle School (math 73% / reading 78%, grade A, #78 of 654 statewide, top 12%, 678 students, 12% FRL); Medina High School (math 57% / reading 77%, grade B, #137 of 781 statewide, top 19%, 1,998 students, 14% FRL) — zoned schools at 13% FRL track the district average.
• Market conditions: Rents rising fast (+4.2%/yr); 367 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,025 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 3.00% ✓
• Cap rate: 18.88%
• Cash-on-cash: 44.96%
• DSCR: 3.00
• GRM: 2.8

CMA / ARV

• ARV (median comp): $416,592
• List price: $65,000
• Delta: -83.20%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5831 Deerview Ln	0.42mi	4/2.0 (+1)	1,144 (+9%)	11mo	$375,000	$328	48

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 · 4.16% rent growth · sell at horizon

5-year hold

• IRR: 44.0%
• Equity multiple: 2.95×
• Total profit: $35,480
• Equity at exit: $9,692

10-year hold

• IRR: 50.8%
• Equity multiple: 6.36×
• Total profit: $97,635
• Equity at exit: $5,620

Cash invested: $18,200 (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 44256

• Rents YoY: 4.2%
• Active inventory: 367
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,951 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$410
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $682

Break-even live

Break-even rent $1,088

Max offer price $65,000

Occupancy floor 60%

Sensitivity live

Price	-10% $727	-5% $704	+0% $682	+5% $659	+10% $637
Rent	-10% $528	-5% $605	+0% $682	+5% $759	+10% $836
Rate	-1.0pp $715	-0.5pp $698	base $682	+0.5pp $665	+1.0pp $648

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5777 Coneflower Dr Medina, OH	2.0	2.0	1318	$1,836	$1.39	0d	9	0.77mi

HOA detail

• Monthly dues: $410 · $4,920/yr

Listing history 19 events

1. 2026-06-22
   days on market $65,000 Active 21 DOM
2. 2026-06-21
   days on market $65,000 Active 20 DOM
3. 2026-06-18
   days on market $65,000 Active 17 DOM
4. 2026-06-17
   days on market $65,000 Active 16 DOM
5. 2026-06-16
   days on market $65,000 Active 15 DOM
6. 2026-06-15
   days on market $65,000 Active 14 DOM
7. 2026-06-13
   days on market $65,000 Active 12 DOM
8. 2026-06-13
   days on market $65,000 Active 11 DOM
9. 2026-06-10
   price $65,000 Active 8 DOM
10. 2026-06-09
    days on market $75,000 Active 8 DOM
11. 2026-06-08
    days on market $75,000 Active 7 DOM
12. 2026-06-07
    days on market $75,000 Active 6 DOM
13. 2026-06-03
    days on market $75,000 Active 2 DOM
14. 2026-06-02
    remarks 699-char remark
15. 2026-06-02
    pricestatusdays on marketlisting id $75,000 Active 1 DOM
16. 2026-05-18
    historical
17. 2026-04-27
    price $70,000
18. 2026-04-07
    price $75,000
19. 2026-03-27
    listed $90,000 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 5/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,409
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,873
• − Management: −$1,873
• − HOA: −$4,920
• − Depreciation: −$1,891
• Taxable income: $7,911
• Est. tax owed @ 24.0%: −$1,899
• After-tax cash flow: $6,284/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 · 12 photos

Good 75/100 Cosmetic rehab

This move-in ready mobile home is well-maintained with good condition and minimal repairs needed. Updates to the interior and exterior can significantly increase its value for resale or rental.

Value-add opportunities

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Resale Replace carpet with hardwood or tile — Hardwood or tile flooring is more durable and adds value.
• Resale Update kitchen and bath fixtures — Modernizing these spaces can significantly increase the home's value.
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and add value for both resale and rental.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Resale Replace carpet with hardwood or tile — Hardwood or tile flooring is more durable and adds value. ↑
• Resale Update kitchen and bath fixtures — Modernizing these spaces can significantly increase the home's value. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and add value for both resale and rental. ↑

ⓘ 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: Medina City SD
• NCES district ID: 3904438
• Math proficiency: 70% ▼ -8.00%
• Reading proficiency: 74% ▼ -4.00%
• Median HH income: $69,725
• Composite: 62.9/100
• National rank: #661
• State rank: #115 of 656 in OH

Livability — Medina

• Score: 76/100
• State rank: #209
• US rank: #3302

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

• Census place: Medina, OH
• County: Medina County · 145,517 people
• City population: 64,924
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 64,924
• Household income: $99,923
• Rent vs Own: 18.5% rent · 81.5% own
• Severe rent burden: 919.0

Population outlook (Medina County) Hauer SSP2

• Today (2025): 185,249 people
• By 2030: 188,174 · +1.6%
• By 2040: 190,350 · +2.8%
• By 2050: 187,283 · +1.1%
• By 2075: 177,108 · -4.4%
• By 2100: 151,304 · -18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 9% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Medina

• 2024 margin: Strong R (+24.8) · D 37.2% · R 62.0%
• 2008→2024 swing: -16.8pp toward R · 2008: -8.0pp · 2024: -24.8pp
• All cycles: 2024: R+24.8 2020: R+23.4 2016: R+24.9 2012: R+13.1 2008: R+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -191.25%
• Current HPI: 257.2597
• Rent YoY: ▲ 4.16%
• 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

-27.8% since first listed

6 events — show timeline

• 2026-06-09 Price Changed $65,000 MLSNOW
• 2026-05-29 Listed $75,000 MLSNOW
• 2026-05-18 Listing Removed — MLSNOW
• 2026-04-27 Price Changed $70,000 MLSNOW
• 2026-04-07 Price Changed $75,000 MLSNOW
• 2026-03-27 Listed $90,000 MLSNOW