5646 Springfield-Urbana Pike #96 · Northridge, OH 43078

$40,000

2 bd · 1.0 ba · 980 sqft · Manufactured · 58 Days on market

Built 1981 Good condition $41/sqft · 95% above area

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Why this score? — see what drove the A- 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
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0

Listing remarks MLS

Beautifully Remodeled 2-Bedroom Mobile Home in Harvest Square Mobile Home Park! This 1981 home has been completely updated and is move-in ready. Featuring 2 bedrooms and 1 bathroom with a full-size handicapped-accessible shower. Extensive renovations include a brand-new roof (2025), updated water heater, furnace, and central air conditioning. The interior has been fully upgraded with 3/4'' plywood subfloors, drywall throughout, and new floor coverings. Enjoy easy access with a new deck and ramp, plus new exterior doors and windows. Additional highlights include a recently added large storage shed, offering plenty of extra space. A thoughtfully remodeled home combining comfort, accessibility, and modern updates--don't miss this opportunity in Harvest Square!

Key facts

• Updated water heater
• New deck
• New roof

Tags

• REMODELED MOBILE HOME
• HANDICAPPED-ACCESSIBLE SHOWER
• NEW ROOF
• UPDATED WATER HEATER
• NEW DECK
• LARGE STORAGE SHED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $40k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $73 ($873/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($982 rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#730 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools D+, amenities F, commute F.
• Urbana City (town): math 43% / reading 45% proficiency, ranked #509 of 656 in OH (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 91 active listings in the ZIP; 42 units permitted in Champaign County in 2024 (0 in 5+ unit buildings).
• This rent is only 16% of the median local income ($72k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $4k of equity ($277 loan paydown + $4k appreciation (10.0% local appreciation)).
• Champaign County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,800 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 2.45% ✓
• Cap rate: 21.27%
• Cash-on-cash: 53.49%
• DSCR: 3.38
• GRM: 3.4

CMA / ARV

• ARV (median comp): $20,546
• List price: $40,000
• Delta: 94.68%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5646 Springfield-Urbana Pike #20	0.19mi	2/2.0	970 (-1%)	10mo	$25,000	$26	77

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.2%
• Equity multiple: 3.38×
• Total profit: $26,694
• Equity at exit: $36,035

10-year hold

• IRR: 26.4%
• Equity multiple: 7.74×
• Total profit: $75,517
• Equity at exit: $77,711

Cash invested: $11,200 (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 43078

• Home prices YoY: 6.2%
• Active inventory: 91
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $982 medium
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $73

Break-even live

Break-even rent $890

Max offer price $40,000

Occupancy floor 88%

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $40,000 Active 58 DOM
2. 2026-06-17
   days on market $40,000 Active 57 DOM
3. 2026-06-16
   days on market $40,000 Active 56 DOM
4. 2026-06-15
   days on market $40,000 Active 55 DOM
5. 2026-06-13
   days on market $40,000 Active 53 DOM
6. 2026-06-13
   days on market $40,000 Active 52 DOM
7. 2026-06-10
   days on market $40,000 Active 50 DOM
8. 2026-06-09
   days on market $40,000 Active 49 DOM
9. 2026-06-08
   days on market $40,000 Active 48 DOM
10. 2026-06-07
    days on market $40,000 Active 47 DOM
11. 2026-06-05
    days on market $40,000 Active 44 DOM
12. 2026-06-03
    days on market $40,000 Active 43 DOM
13. 2026-06-02
    days on market $40,000 Active 42 DOM
14. 2026-06-01
    days on market $40,000 Active 41 DOM
15. 2026-05-31
    days on market $40,000 Active 40 DOM
16. 2026-04-20
    listed $40,000 Active 767-char remark

    Show marketing remark (767 chars)

    Beautifully Remodeled 2-Bedroom Mobile Home in Harvest Square Mobile Home Park! This 1981 home has been completely updated and is move-in ready. Featuring 2 bedrooms and 1 bathroom with a full-size handicapped-accessible shower. Extensive renovations include a brand-new roof (2025), updated water heater, furnace, and central air conditioning. The interior has been fully upgraded with 3/4'' plywood subfloors, drywall throughout, and new floor coverings. Enjoy easy access with a new deck and ramp, plus new exterior doors and windows. Additional highlights include a recently added large storage shed, offering plenty of extra space. A thoughtfully remodeled home combining comfort, accessibility, and modern updates--don't miss this opportunity in Harvest Square!

17. 2026-03-20
    status Pending 772-char remark

    Show marketing remark (772 chars)

    Beautifully Remodeled 2-Bedroom Mobile Home in Harvest Square Mobile Home Park! This 1981 home has been completely updated and is move-in ready. Featuring 2 bedrooms and 1 bathroom with a full-size handicapped-accessible shower. Extensive renovations include a brand-new roof (2025), updated water heater, furnace, and central air conditioning. The interior has been fully upgraded with 3/4'' plywood subfloors, drywall throughout, and new floor coverings. Enjoy easy access with a new deck and ramp, plus new exterior doors and windows. Additional highlights include a recently added large storage shed, offering plenty of extra space. A thoughtfully remodeled home combining comfort, accessibility, and modern updates—don't miss this opportunity in Harvest Square!

18. 2026-03-13
    soldstatus $38,000 Closed 772-char remark

    Show marketing remark (772 chars)

    Beautifully Remodeled 2-Bedroom Mobile Home in Harvest Square Mobile Home Park! This 1981 home has been completely updated and is move-in ready. Featuring 2 bedrooms and 1 bathroom with a full-size handicapped-accessible shower. Extensive renovations include a brand-new roof (2025), updated water heater, furnace, and central air conditioning. The interior has been fully upgraded with 3/4'' plywood subfloors, drywall throughout, and new floor coverings. Enjoy easy access with a new deck and ramp, plus new exterior doors and windows. Additional highlights include a recently added large storage shed, offering plenty of extra space. A thoughtfully remodeled home combining comfort, accessibility, and modern updates—don't miss this opportunity in Harvest Square!

19. 2026-02-02
    listed $39,900 Active 772-char remark

    Show marketing remark (772 chars)

    Beautifully Remodeled 2-Bedroom Mobile Home in Harvest Square Mobile Home Park! This 1981 home has been completely updated and is move-in ready. Featuring 2 bedrooms and 1 bathroom with a full-size handicapped-accessible shower. Extensive renovations include a brand-new roof (2025), updated water heater, furnace, and central air conditioning. The interior has been fully upgraded with 3/4'' plywood subfloors, drywall throughout, and new floor coverings. Enjoy easy access with a new deck and ramp, plus new exterior doors and windows. Additional highlights include a recently added large storage shed, offering plenty of extra space. A thoughtfully remodeled home combining comfort, accessibility, and modern updates—don't miss this opportunity in Harvest Square!

ⓘ 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 7/10 Severe FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,783
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$5,318
• − Repairs & maintenance: −$943
• − Management: −$943
• − Depreciation: −$1,164
• Taxable income: $575
• Est. tax owed @ 24.0%: −$138
• After-tax cash flow: $735/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 80/100 Cosmetic rehab

This beautifully remodeled 2-bedroom mobile home is move-in ready and in excellent condition. It offers a good balance of updates and maintenance, making it an attractive option for both buyers and renters.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Updating the flooring in the kitchen and bathrooms — New flooring improves the look and feel of the home, making it more appealing to potential buyers and renters.
• Both Upgrading the kitchen appliances — Modern appliances can increase the home's value and attract more buyers and renters.
• Both Adding a small outdoor patio or seating area — An outdoor space can enhance the home's appeal and increase its value for both resale and rental purposes.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Updating the flooring in the kitchen and bathrooms — New flooring improves the look and feel of the home, making it more appealing to potential buyers and renters. ↑
• Both Upgrading the kitchen appliances — Modern appliances can increase the home's value and attract more buyers and renters. ↑
• Both Adding a small outdoor patio or seating area — An outdoor space can enhance the home's appeal and increase its value for both resale and rental purposes. ↑

ⓘ 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: Urbana City
• NCES district ID: 3904494
• Math proficiency: 43% ▼ -8.00%
• Reading proficiency: 45% ▼ -11.00%
• Median HH income: $40,461
• Composite: 36.9/100
• National rank: #4545
• State rank: #509 of 656 in OH

Livability — Northridge

• Score: 65/100
• State rank: #730
• US rank: #13221

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Champaign · 37,359 people
• Population (ZIP): 19,985
• Household income: $72,500
• Rent vs Own: 26.3% rent · 73.7% own
• Severe rent burden: 8.2

Population outlook (Champaign County) Hauer SSP2

• Today (2025): 36,480 people
• By 2030: 34,790 · -4.6%
• By 2040: 31,082 · -14.8%
• By 2050: 27,217 · -25.4%
• By 2075: 19,156 · -47.5%
• By 2100: 12,690 · -65.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 6% Black 3% Hispanic / Latino 1%
• Common ancestry: Slovak 3% Italian 3% Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Champaign

• 2024 margin: Solid R (+50.8) · D 24.1% · R 74.9%
• 2008→2024 swing: -30.9pp toward R · 2008: -19.9pp · 2024: -50.8pp
• All cycles: 2024: R+50.8 2020: R+47.7 2016: R+44.5 2012: R+20.1 2008: R+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 24.22%
• Current HPI: 415.85
• Rent YoY: —
• Metro: —
• 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

+0.3% since first listed

4 events — show timeline

• 2026-04-20 Listed $40,000 WRIST
• 2026-03-20 Pending — WRIST
• 2026-03-13 Sold (MLS) $38,000 WRIST
• 2026-02-02 Listed $39,900 WRIST