8323 Eagle Rd #46 · Kirtland, OH 44094

$113,434

3 bd · 2.0 ba · 1,067 sqft · SingleFamily · 8 Days on market

Poor condition Est $106k · 7% over

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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 +9.7/10.0
• Schools +6.8/10.0
• ARV discount +4.2/15.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

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, perfectly located near the beautiful Holden Arboretum and just minutes from local parks, shopping, and everyday conveniences—yet tucked away enough to enjoy peace and quiet. This beautifully designed 3-bedroom, 2-bath home offers enough space for all to be comfortable. Add an island if you would like. Who knew you would could get this amount of space and customize it for such a great price?! Enjoy the open-concept layout that seamlessly connects the eat-in kitchen to the bright and inviting living area. Enjoy the peace and

Key facts

• Bright living area
• Eat-in kitchen
• Open-concept layout

Tags

• OPEN-CONCEPT LAYOUT
• EAT-IN KITCHEN
• BRIGHT LIVING AREA
• SMALLER OUTDOOR FOOTPRINT

Property features AI

Finance

• Financial info: Land lease of $405 per month; Pets allowed with breed restrictions
• HOA & community: Association: Eagle Mobile Home Park (monthly land lease); Association covers management, sewer, trash and water

Exterior

• Parking: On-site parking; On-street parking
• Utilities: Public water; Private sewer; Power and other utilities available (standard)
• Home design: Single-story home; Builder-supplied year built; Entry level: First floor
• Construction: Vinyl siding; Asphalt/fiberglass roof; Has home warranty
• Exterior features: To be built (property condition); On-site and on-street parking

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Three main-level bedrooms; Bedroom sizes include 13 x 13, 11 x 9, and 10 x 9 (all on the main level)
• Flooring: Carpet in living room and bedrooms
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air heating (gas)
• Interior features: Crown molding; Eat-in kitchen; Open floorplan; Recessed lighting
• Laundry & utility: Main-level laundry with washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $113k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $534 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $113k).
• Cap rate 11.9% 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 $784 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $113,434

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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: 1.47% ✓
• Cap rate: 11.94%
• Cash-on-cash: 20.18%
• DSCR: 1.90
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $105,633
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8323 Eagle Rd #23	0.02mi	3/2.0	933 (-13%)	14mo	$83,500	$89	67
8323 Eagle Rd #29	0.02mi	3/2.0	933 (-13%)	16mo	$86,500	$93	65
8376 Eagle Rd	0.10mi	3/1.0	1,200 (+12%)	15mo	$270,000	$225	58
8323 Eagle Rd #91	0.02mi	2/2.0 (-1)	910 (-15%)	21mo	$89,661	$99	52
8350 Alpine Dr	0.28mi	3/2.0	1,220 (+14%)	14mo	$290,000	$238	51
9735 Chillicothe Rd #2	0.31mi	2/1.0 (-1)	980 (-8%)	14mo	$25,500	$26	51

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: 13.5%
• Equity multiple: 1.55×
• Total profit: $17,367
• Equity at exit: $16,913

10-year hold

• IRR: 23.1%
• Equity multiple: 3.08×
• Total profit: $66,191
• Equity at exit: $9,808

Cash invested: $31,762 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,668 medium
• Mortgage (P&I): −$595
• Tax est. 1.5%: −$142 /mo · $1,702/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $534

Break-even live

Break-even rent $992

Max offer price $113,434

Occupancy floor 63%

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: $28,358
• Closing costs: $3,403
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-18
   days on market $113,434 Active 8 DOM
2. 2026-06-17
   days on market $113,434 Active 7 DOM
3. 2026-06-16
   days on market $113,434 Active 6 DOM
4. 2026-06-15
   days on market $113,434 Active 5 DOM
5. 2026-06-13
   days on market $113,434 Active 3 DOM
6. 2026-06-13
   remarks 681-char remark
7. 2026-06-13
   listed $113,434 Active 2 DOM

ⓘ 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: $20,019
• − Mortgage interest: −$6,354
• − Property taxes: −$1,702
• − Insurance: −$567
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − Depreciation: −$3,300
• Taxable income: $4,893
• Est. tax owed @ 24.0%: −$1,174
• After-tax cash flow: $5,234/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 · 7 photos

Poor 20/100 Gut rehab

This home requires extensive repairs and updates to bring it up to a livable condition. Significant improvements are needed to the roof, siding, flooring, walls, and HVAC system. Landscaping and painting will also enhance the home's curb appeal and value.

Repairs flagged

• Major roof — The independent image shows significant damage and discoloration.
• Major exterior siding — The independent image shows peeling and worn siding.
• Major flooring — The independent image shows worn and dirty carpet.
• Major interior walls — The independent image shows peeling paint and visible damage.
• Major HVAC unit — The independent image shows an old unit, which may need replacement.

Value-add opportunities

• Resale New roof — A new roof will significantly improve the home's appearance and value.
• Resale New siding — New siding will improve the home's curb appeal and value.
• Resale New flooring — New flooring will improve the home's appearance and value.
• Resale Paint interior walls — Painting interior walls will improve the home's appearance and value.
• Resale Replace HVAC unit — A new HVAC unit will improve the home's comfort and value.
• Both Landscaping — Landscaping will improve the home's curb appeal and value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · The independent image shows significant damage and discoloration.	Major	$15,000–50,000
exterior siding · The independent image shows peeling and worn siding.	Major	$15,000–50,000
flooring · The independent image shows worn and dirty carpet.	Major	$15,000–50,000
interior walls · The independent image shows peeling paint and visible damage.	Major	$15,000–50,000
HVAC unit · The independent image shows an old unit, which may need replacement.	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Resale New roof — A new roof will significantly improve the home's appearance and value. ↑
• Resale New siding — New siding will improve the home's curb appeal and value. ↑
• Resale New flooring — New flooring will improve the home's appearance and value. ↑
• Resale Paint interior walls — Painting interior walls will improve the home's appearance and value. ↑
• Resale Replace HVAC unit — A new HVAC unit will improve the home's comfort and value. ↑
• Both Landscaping — Landscaping will improve the home's curb appeal 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

• 2026-06-08 Listed $113,434 MLSNOW