5355 Coventry Park Ln · Medina, OH 44256

$310,000

3 bd · 2.5 ba · 1,627 sqft · SingleFamily public records · 300 Days on market

Built 2004 1,306 sqft lot $191/sqft · 23% below area Est $400k · 23% under $150/mo HOA · 7% of rent

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Why this score? — see what drove the D- 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).

• ARV discount +15.0/15.0
• Cash flow +6.3/30.0
• Schools +6.3/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0
• DSCR +0.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wide open floor plan with views of the Gas Fireplace. Kitchen hosts a raised Wrap-around Bar. Fenced private Patio. Expansive Master Bedroom with Master Bath that includes a separate Shower, extra large Jetted Tub, and a large L-shaped Walk-in Closet. The other 2 bedrooms are down the hall and have their own Full Bath. The Washer/Dryer space is neatly tucked away in the upstairs Hall. The full Basement is plumbed for a full bath. Newer Furnace Motor and X-Large Capacity Hot Water Tank.

Key facts

• Fenced private patio
• Washer dryer space
• Gas fireplace

Tags

• GAS FIREPLACE
• FENCED PRIVATE PATIO
• SEPARATE SHOWER
• EXTRA LARGE JETTED TUB
• LARGE L-SHAPED WALK-IN CLOSET
• WASHER DRYER SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $-546 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $214k (31.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (35.2% below list).
• Recommended offer: $201k (35.2% below list) — sets the bar for 1% rule.
• Cap rate 4.2% vs local median 2.9% 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: Sidney Fenn Elementary School (math 77% / reading 77%, grade A, #221 of 1,584 statewide, top 16%, 404 students, 20% FRL); Claggett Middle School (math 64% / reading 69%, grade A-, #172 of 654 statewide, top 27%, 713 students, 22% FRL); Medina High School (math 57% / reading 77%, grade B, #137 of 781 statewide, top 19%, 1,998 students, 14% FRL) — zoned schools at 19% FRL track the district average.
• Market conditions: Rents rising fast (+4.2%/yr); 369 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 300 days — a 12% lower offer ($273k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 8y ago; this cycle's ask is 5% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $200,990 (35.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 300 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.65% ✗
• Cap rate: 4.18%
• Cash-on-cash: -7.55%
• DSCR: 0.66
• GRM: 12.9

CMA / ARV

• ARV (median comp): $400,473
• List price: $310,000
• Delta: -22.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2821 Grayson Dr	0.45mi	4/3.0 (+1)	1,776 (+9%)	1mo	$631,055	$355	56
5655 Lauren Oval	0.74mi	3/2.0	1,586 (-2%)	11mo	$317,500	$200	50
3272 E Smith Rd	0.68mi	3/3.0	1,710 (+5%)	19mo	$400,000	$234	42

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: -28.2%
• Equity multiple: 0.05×
• Total profit: $-82,597
• Equity at exit: $46,222

10-year hold

• IRR: -23.3%
• Equity multiple: -0.23×
• Total profit: $-106,615
• Equity at exit: $26,803

Cash invested: $86,800 (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: 369
• Price-to-rent: 12.9×

Monthly cashflow live

• Estimated rent: $2,010 medium
• Mortgage (P&I): −$1,626
• Tax from tax record: −$229 /mo · $2,745/yr
• Insurance: −$129
• HOA: −$150
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $-546

Break-even live

Break-even rent $2,701

Max offer price $213,583

Occupancy floor —

Sensitivity live

Price	-10% $-370	-5% $-458	+0% $-546	+5% $-634	+10% $-721
Rent	-10% $-705	-5% $-625	+0% $-546	+5% $-466	+10% $-387
Rate	-1.0pp $-390	-0.5pp $-467	base $-546	+0.5pp $-626	+1.0pp $-708

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: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2948 Stonebrooke Ln Medina, OH	2.0	2.0	1235	$1,798	$1.46	3d	10	0.07mi
4004 E Normandy Park Dr Medina, OH	1.0–2.0	1.0–2.0	982	$1,658	$1.69	3d	15	0.48mi
5514 Hideaway Dr Unit 44 Medina, OH	3.0	3.0	2103	$2,175	$1.03	45d	1	0.55mi

HOA detail

• Monthly dues: $150 · $1,800/yr
• Likely covers: watergas

Listing history 38 events

1. 2026-06-21
   days on market $310,000 Active 300 DOM
2. 2026-06-18
   days on market $310,000 Active 297 DOM
3. 2026-06-17
   days on market $310,000 Active 296 DOM
4. 2026-06-16
   days on market $310,000 Active 295 DOM
5. 2026-06-15
   days on market $310,000 Active 294 DOM
6. 2026-06-13
   days on market $310,000 Active 292 DOM
7. 2026-06-13
   days on market $310,000 Active 291 DOM
8. 2026-06-09
   days on market $310,000 Active 288 DOM
9. 2026-06-08
   days on market $310,000 Active 287 DOM
10. 2026-06-07
    days on market $310,000 Active 286 DOM
11. 2026-06-03
    days on market $310,000 Active 282 DOM
12. 2026-06-02
    days on market $310,000 Active 281 DOM
13. 2026-06-01
    days on market $310,000 Active 280 DOM
14. 2026-05-31
    days on market $310,000 Active 279 DOM
15. 2026-05-04
    status Active 490-char remark

    Show marketing remark (490 chars)

    Wide open floor plan with views of the Gas Fireplace. Kitchen hosts a raised Wrap-around Bar. Fenced private Patio. Expansive Master Bedroom with Master Bath that includes a separate Shower, extra large Jetted Tub, and a large L-shaped Walk-in Closet. The other 2 bedrooms are down the hall and have their own Full Bath. The Washer/Dryer space is neatly tucked away in the upstairs Hall. The full Basement is plumbed for a full bath. Newer Furnace Motor and X-Large Capacity Hot Water Tank.

16. 2026-05-04
    price $310,000 490-char remark

    Show marketing remark (490 chars)

    Wide open floor plan with views of the Gas Fireplace. Kitchen hosts a raised Wrap-around Bar. Fenced private Patio. Expansive Master Bedroom with Master Bath that includes a separate Shower, extra large Jetted Tub, and a large L-shaped Walk-in Closet. The other 2 bedrooms are down the hall and have their own Full Bath. The Washer/Dryer space is neatly tucked away in the upstairs Hall. The full Basement is plumbed for a full bath. Newer Furnace Motor and X-Large Capacity Hot Water Tank.

17. 2026-03-02
    historical Contingent 490-char remark

    Show marketing remark (490 chars)

    Wide open floor plan with views of the Gas Fireplace. Kitchen hosts a raised Wrap-around Bar. Fenced private Patio. Expansive Master Bedroom with Master Bath that includes a separate Shower, extra large Jetted Tub, and a large L-shaped Walk-in Closet. The other 2 bedrooms are down the hall and have their own Full Bath. The Washer/Dryer space is neatly tucked away in the upstairs Hall. The full Basement is plumbed for a full bath. Newer Furnace Motor and X-Large Capacity Hot Water Tank.

18. 2026-03-02
    status Pending 490-char remark

    Show marketing remark (490 chars)

    Wide open floor plan with views of the Gas Fireplace. Kitchen hosts a raised Wrap-around Bar. Fenced private Patio. Expansive Master Bedroom with Master Bath that includes a separate Shower, extra large Jetted Tub, and a large L-shaped Walk-in Closet. The other 2 bedrooms are down the hall and have their own Full Bath. The Washer/Dryer space is neatly tucked away in the upstairs Hall. The full Basement is plumbed for a full bath. Newer Furnace Motor and X-Large Capacity Hot Water Tank.

19. 2026-02-02
    price $274,900 490-char remark

    Show marketing remark (490 chars)

    Wide open floor plan with views of the Gas Fireplace. Kitchen hosts a raised Wrap-around Bar. Fenced private Patio. Expansive Master Bedroom with Master Bath that includes a separate Shower, extra large Jetted Tub, and a large L-shaped Walk-in Closet. The other 2 bedrooms are down the hall and have their own Full Bath. The Washer/Dryer space is neatly tucked away in the upstairs Hall. The full Basement is plumbed for a full bath. Newer Furnace Motor and X-Large Capacity Hot Water Tank.

20. 2025-11-18
    price $284,900 490-char remark

    Show marketing remark (490 chars)

    Wide open floor plan with views of the Gas Fireplace. Kitchen hosts a raised Wrap-around Bar. Fenced private Patio. Expansive Master Bedroom with Master Bath that includes a separate Shower, extra large Jetted Tub, and a large L-shaped Walk-in Closet. The other 2 bedrooms are down the hall and have their own Full Bath. The Washer/Dryer space is neatly tucked away in the upstairs Hall. The full Basement is plumbed for a full bath. Newer Furnace Motor and X-Large Capacity Hot Water Tank.

21. 2025-08-25
    listed $295,000 Active 490-char remark

    Show marketing remark (490 chars)

    Wide open floor plan with views of the Gas Fireplace. Kitchen hosts a raised Wrap-around Bar. Fenced private Patio. Expansive Master Bedroom with Master Bath that includes a separate Shower, extra large Jetted Tub, and a large L-shaped Walk-in Closet. The other 2 bedrooms are down the hall and have their own Full Bath. The Washer/Dryer space is neatly tucked away in the upstairs Hall. The full Basement is plumbed for a full bath. Newer Furnace Motor and X-Large Capacity Hot Water Tank.

22. 2025-07-09
    historical
23. 2025-05-29
    price $289,000
24. 2025-05-14
    price $295,000
25. 2025-05-05
    price $299,000
26. 2025-04-22
    listed $305,000 Active
27. 2025-04-01
    historical
28. 2025-03-18
    status Active
29. 2025-03-18
    price $300,000
30. 2025-01-17
    price $320,000
31. 2025-01-11
    price $299,000
32. 2024-12-13
    listed $320,000 Active
33. 2024-12-02
    historical
34. 2024-11-24
    listed $300,000 Active
35. 2024-11-19
    historical
36. 2024-11-17
    listed $300,000 Active
37. 2018-07-23
    historical
38. 2018-06-10
    listed $199,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $2,745 · $229/mo
• Projected year-2 tax: $3,791 · $316/mo
• Expected delta: +$1,045/yr (+$87/mo · 38.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,119
• − Mortgage interest: −$17,365
• − Property taxes: −$2,745
• − Insurance: −$1,550
• − Repairs & maintenance: −$1,930
• − Management: −$1,930
• − HOA: −$1,800
• − Depreciation: −$9,018
• Taxable loss: −$12,219
• Est. tax savings @ 24.0%: +$2,932
• After-tax cash flow: $-3,617/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: 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

• 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

+55.8% since first listed

24 events — show timeline

• 2026-05-04 Relisted — MLSNOW
• 2026-05-04 Price Changed $310,000 MLSNOW
• 2026-03-02 Contingent — MLSNOW
• 2026-03-02 Pending — MLSNOW
• 2026-02-02 Price Changed $274,900 MLSNOW
• 2025-11-18 Price Changed $284,900 MLSNOW
• 2025-08-25 Listed $295,000 MLSNOW
• 2025-07-09 Listing Removed — MLSNOW
• 2025-05-29 Price Changed $289,000 MLSNOW
• 2025-05-14 Price Changed $295,000 MLSNOW
• 2025-05-05 Price Changed $299,000 MLSNOW
• 2025-04-22 Listed $305,000 MLSNOW
• 2025-04-01 Listing Removed — MLSNOW
• 2025-03-18 Relisted — MLSNOW
• 2025-03-18 Price Changed $300,000 MLSNOW
• 2025-01-17 Price Changed $320,000 MLSNOW
• 2025-01-11 Price Changed $299,000 MLSNOW
• 2024-12-13 Listed $320,000 MLSNOW
• 2024-12-02 Listing Removed — MLSNOW
• 2024-11-24 Listed $300,000 MLSNOW
• 2024-11-19 Listing Removed — MLSNOW
• 2024-11-17 Listed $300,000 MLSNOW
• 2018-07-23 Listing Removed — MLSNOW
• 2018-06-10 Listed $199,000 MLSNOW

Property tax history

-0.7%/yr

Latest (2025): $2,745 · -12.6% YoY. Source: county tax records.