6610 Lear Nagle Rd #13 · North Ridgeville, OH 44039

$54,900

2 bd · 1.0 ba · 768 sqft · Manufactured · 38 Days on market

Built 2026 Good condition

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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 +4.8/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

If you've been searching for a place that feels like home the moment you walk through the door, this is it! This charming 2-bedroom, 1-bath manufactured home offers the perfect blend of comfort, convenience, and value. Step inside and you'll be welcomed by a bright, open-concept living space that's perfect for relaxing evenings, hosting friends, or enjoying your favorite shows while preparing meals in the spacious kitchen. Featuring modern appliances?including a refrigerator, stove, dishwasher, and microwave?and plenty of cabinet storage, this kitchen is designed to make everyday living easy. One of the home's most desirable features is its thoughtful split-bedroom floor plan, with bedrooms

Key facts

• Open floor plan
• Tile backsplash
• Built 2026

Tags

• OPEN FLOOR PLAN
• TILE BACKSPLASH
• ENERGY-EFFICIENT APPLIANCES
• WOOD-LIKE PLANK FLOORING
• WASHER AND DRYER HOOK-UPS
• CABINETRY AND SHELVING

Property features AI

Finance

• Financial info: List price $54,900; Spec inventory (new construction plan)

Exterior

• Home design: Single section home (2 bed, 1 bath)

Interior

• Kitchen: Includes dishwasher, disposal, and refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Interior features: Dishwasher, Disposal, Refrigerator

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $55k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $761 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $53k (3.0% below list) — sets the bar for market timing.
• Cap rate 22.9% vs local median 3.3% in North Ridgeville — 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 74/100 on livability (#305 in OH, #4,924 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• North Ridgeville City (suburban): math 49% / reading 61% proficiency, ranked #339 of 656 in OH (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 202 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent is only 18% of the median local income ($96k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($53k) is reasonable based on typical stale-listing flexibility.

Recommended offer $53,253 (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. 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: 2.63% ✓
• Cap rate: 22.93%
• Cash-on-cash: 59.40%
• DSCR: 3.64
• GRM: 3.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 58.1%
• Equity multiple: 3.58×
• Total profit: $39,592
• Equity at exit: $8,186

10-year hold

• IRR: 62.9%
• Equity multiple: 7.31×
• Total profit: $96,973
• Equity at exit: $4,747

Cash invested: $15,372 (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 44039

• Active inventory: 202
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,444 medium
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $824/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $761

Break-even live

Break-even rent $480

Max offer price $54,900

Occupancy floor 42%

Sensitivity live

Price	-10% $799	-5% $780	+0% $761	+5% $742	+10% $723
Rent	-10% $647	-5% $704	+0% $761	+5% $818	+10% $875
Rate	-1.0pp $789	-0.5pp $775	base $761	+0.5pp $747	+1.0pp $732

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6610 Lear Nagle Rd #30 North Ridgeville, OH	1.0	1.0	560	$1,099	$1.96	18d	1	0.10mi
35143 Bainbridge Rd North Ridgeville, OH	3.0	1.0	1096	$1,979	$1.81	5d	1	1.12mi
27380 Cook Rd Olmsted Twp, OH	2.0	2.0	1123	$2,145	$1.91	3d	2	1.17mi

Listing history 17 events

1. 2026-06-21
   days on market $54,900 Active 38 DOM
2. 2026-06-18
   days on market $54,900 Active 35 DOM
3. 2026-06-17
   remarks 699-char remark
4. 2026-06-17
   days on market $54,900 Active 34 DOM
5. 2026-06-16
   days on market $54,900 Active 33 DOM
6. 2026-06-15
   days on market $54,900 Active 32 DOM
7. 2026-06-13
   days on market $54,900 Active 30 DOM
8. 2026-06-09
   days on market $54,900 Active 26 DOM
9. 2026-06-08
   days on market $54,900 Active 25 DOM
10. 2026-06-07
    days on market $54,900 Active 24 DOM
11. 2026-06-05
    days on market $54,900 Active 21 DOM
12. 2026-06-03
    days on market $54,900 Active 20 DOM
13. 2026-06-02
    days on market $54,900 Active 19 DOM
14. 2026-06-01
    days on market $54,900 Active 18 DOM
15. 2026-05-31
    days on market $54,900 Active 17 DOM
16. 2026-05-15
    listed $1,449
17. 2026-05-14
    listed $54,900 Active 594-char remark

ⓘ 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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,322
• − Mortgage interest: −$3,075
• − Property taxes: −$824
• − Insurance: −$274
• − Repairs & maintenance: −$1,386
• − Management: −$1,386
• − Depreciation: −$1,597
• Taxable income: $8,780
• Est. tax owed @ 24.0%: −$2,107
• After-tax cash flow: $7,024/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 · 27 photos

Good 80/100 Cosmetic rehab

This 2-bedroom, 1-bathroom home is in good condition with modern appliances and ample storage. It's located in a well-maintained community with a sign and playground. The interior walls could be painted to enhance curb appeal and value.

Value-add opportunities

• Both Paint the interior walls — Enhances curb appeal and interior aesthetics
• Both Replace the kitchen faucet — Modernizes the kitchen and adds value
• Both Install a smart thermostat — Improves energy efficiency and adds modern appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Replace the kitchen faucet — Modernizes the kitchen and adds value ↑
• Both Install a smart thermostat — Improves energy efficiency and adds modern appeal ↑

ⓘ 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: North Ridgeville City
• NCES district ID: 3904453
• Math proficiency: 49% ▼ -21.00%
• Reading proficiency: 61% ▼ -11.00%
• Median HH income: $66,437
• Composite: 48.46/100
• National rank: #2130
• State rank: #339 of 656 in OH

Livability — North Ridgeville

• Score: 74/100
• State rank: #305
• US rank: #4924

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Ridgeville, OH
• County: Lorain County · 219,437 people
• City population: 36,780
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 36,780
• Household income: $96,485
• Rent vs Own: 10.1% rent · 89.9% own
• Severe rent burden: 207.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 7% Two or more races 6% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 9% Slovak 3% Lithuanian 3%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -160.14%
• Current HPI: 210.6074
• Rent YoY: —
• 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