10950 Cherokee Dr #59 · Lakeview, OH 43331

$74,900

2 bd · 1.0 ba · 540 sqft · Manufactured · 88 Days on market

Manufactured home Built 2013 Good condition $139/sqft · 39% below area Est $123k · 39% under $290/mo HOA · 33% of rent ↓ 24% since listing

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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 +7.2/30.0
• 1% rule +6.9/10.0
• Schools +6.4/10.0
• Condition / age +3.8/5.0
• Livability +3.2/5.0
• Appreciation +2.5/10.0
• Rent growth +2.5/5.0
• DSCR +1.3/10.0
• Manufactured-home adj. -3.9

Listing remarks MLS

Welcome to the gated community of Cherokee Landing! Follow the long lane back to your secluded oasis and relax. Park your boat at the dock all summer and store it under the 12x31 covered patio in the winter! Enjoy the use of the community water front space with benches, as well! This well maintained unit faces a wooded inlet for fishing and offers a peek-a-boo view of the open water from the fire pit. The brand new boat dock sits close to the end of the channel for quick lake access. The double loft holds two queen beds and with the sleeper sofa, you can host plenty of friends and family here. Settle in and enjoy summer right away!

Key facts

• Gated community
• Brand new boat dock
• Wooded inlet

Tags

• GATED COMMUNITY
• SECLUDED OASIS
• COMMUNITY WATER FRONT SPACE
• WOODED INLET
• PEEK-A-BOO VIEW
• BRAND NEW BOAT DOCK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $75k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-104 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $60k (20.1% below list).
• Meets the 1% rule at list price ($891 rent vs $75k).
• Recommended offer: $60k (20.1% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 63/100 on livability (#836 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Indian Lake Local (rural): math 59% / reading 66% proficiency, ranked #261 of 656 in OH (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Indian Lake Elementary School (math 72% / reading 67%, grade A-, #391 of 1,584 statewide, top 27%, 510 students, 45% FRL); Indian Lake Middle School (math 56% / reading 65%, grade B+, #259 of 654 statewide, top 40%, 407 students, 42% FRL); Indian Lake High School (math 52% / reading 72%, grade B-, #202 of 781 statewide, top 29%, 492 students, 34% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: 157 active listings in the ZIP; 121 units permitted in Logan County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($60k/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 $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Logan County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 9 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: HOA is 33% of rent.

Recommended offer $59,838 (20.1% 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 88 days. Have you received any prior offers? Is the seller open to a 20% 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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.19% ✓
• Cap rate: 4.63%
• Cash-on-cash: -5.96%
• DSCR: 0.73
• GRM: 7.0

CMA / ARV

• ARV (median comp): $123,278
• List price: $74,900
• Delta: -39.24%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13647 Seminole Path	0.53mi	2/1.0	576 (+7%)	12mo	$207,450	$360	54
11188 Chickasaw Path	0.73mi	2/1.0	576 (+7%)	13mo	$100,000	$174	44
11348 S R 235 #249	1.15mi	2/1.0	504 (-7%)	13mo	$82,500	$164	43
11259 Kiowa Path	0.60mi	2/1.0	633 (+17%)	8mo	$145,101	$229	40
11539 Lake Dr Lot 127	1.47mi	2/1.0	420 (-22%)	1mo	$75,000	$179	39
12022 Holly Dr #30	0.77mi	2/1.0	672 (+24%)	2mo	$26,500	$39	38
11539 Lake Dr #171	1.47mi	2/1.0	418 (-23%)	2mo	$144,000	$344	38
11539 Lake Dr #72	1.44mi	1/1.0 (-1)	472 (-13%)	2mo	$152,000	$322	38
11496 Pocahontas Path	1.03mi	2/1.0	456 (-16%)	4mo	$112,000	$246	36
11539 Lake Dr #153	1.48mi	1/1.0 (-1)	418 (-23%)	1mo	$73,500	$176	34
11020 Oak Cir #7	1.33mi	2/1.0	630 (+17%)	9mo	$30,000	$48	32
14063 Rosewood Ave	1.10mi	2/1.0	672 (+24%)	10mo	$125,000	$186	32

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -26.1%
• Equity multiple: 0.11×
• Total profit: $-18,575
• Equity at exit: $11,168

10-year hold

• IRR: -21.9%
• Equity multiple: -0.14×
• Total profit: $-23,933
• Equity at exit: $6,476

Cash invested: $20,972 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 0 active · 1 under contract
• Months of supply: 0.0 mo

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 43331

• Home prices YoY: -30.0%
• Active inventory: 157
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $891 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,124/yr
• Insurance: −$31
• HOA: −$290
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $-104

Break-even live

Break-even rent $1,022

Max offer price $59,838

Occupancy floor —

Sensitivity live

Price	-10% $-52	-5% $-78	+0% $-104	+5% $-130	+10% $-156
Rent	-10% $-174	-5% $-139	+0% $-104	+5% $-69	+10% $-34
Rate	-1.0pp $-66	-0.5pp $-85	base $-104	+0.5pp $-123	+1.0pp $-143

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: $18,725
• Closing costs: $2,247
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Finance

• HOA & community: Homeowners association with gated entrance and clubhouseAnnual HOA fee of $3,480HOA fee includes sewer, trash and water

Exterior

• Parking: Carport with 1 space
• Utilities: Public sewerWell water
• Home design: Other residential without deeded landBuilt in 2013One and one-half levelsNo shared/common walls
• Construction: Other foundation
• Exterior features: PatioFenced yardShed on the propertyWater view

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioningForced air heating
• Interior features: 540 interior living area

HOA detail $290/mo · $3,480/yr

• Likely covers: watersecurity

Listing history 50 events

1. 2026-08-29
   days on market $74,900 Active 88 DOM
2. 2026-08-28
   days on market $74,900 Active 87 DOM
3. 2026-08-27
   days on market $74,900 Active 86 DOM
4. 2026-08-25
   days on market $74,900 Active 84 DOM
5. 2026-08-24
   days on market $74,900 Active 83 DOM
6. 2026-08-23
   days on market $74,900 Active 82 DOM
7. 2026-08-22
   days on market $74,900 Active 81 DOM
8. 2026-08-21
   days on market $74,900 Active 80 DOM
9. 2026-08-20
   days on market $74,900 Active 79 DOM
10. 2026-08-19
    days on market $74,900 Active 78 DOM
11. 2026-08-18
    days on market $74,900 Active 77 DOM
12. 2026-08-17
    days on market $74,900 Active 76 DOM
13. 2026-08-16
    days on market $74,900 Active 75 DOM
14. 2026-08-15
    days on market $74,900 Active 74 DOM
15. 2026-08-13
    days on market $74,900 Active 72 DOM
16. 2026-08-12
    days on market $74,900 Active 71 DOM
17. 2026-08-11
    days on market $74,900 Active 70 DOM
18. 2026-08-10
    days on market $74,900 Active 69 DOM
19. 2026-08-09
    days on market $74,900 Active 68 DOM
20. 2026-08-08
    days on market $74,900 Active 67 DOM
21. 2026-08-07
    days on market $74,900 Active 66 DOM
22. 2026-08-06
    days on market $74,900 Active 65 DOM
23. 2026-08-05
    days on market $74,900 Active 64 DOM
24. 2026-08-04
    days on market $74,900 Active 63 DOM
25. 2026-08-03
    days on market $74,900 Active 62 DOM
26. 2026-07-31
    days on market $74,900 Active 59 DOM
27. 2026-07-30
    days on market $74,900 Active 58 DOM
28. 2026-07-29
    days on market $74,900 Active 57 DOM
29. 2026-07-27
    days on market $74,900 Active 55 DOM
30. 2026-07-25
    days on market $74,900 Active 53 DOM
31. 2026-07-24
    days on market $74,900 Active 52 DOM
32. 2026-07-23
    days on market $74,900 Active 51 DOM
33. 2026-07-22
    days on market $74,900 Active 50 DOM
34. 2026-07-21
    days on market $74,900 Active 49 DOM
35. 2026-07-20
    days on market $74,900 Active 48 DOM
36. 2026-07-18
    days on market $74,900 Active 46 DOM
37. 2026-07-16
    days on market $74,900 Active 44 DOM
38. 2026-07-15
    days on market $74,900 Active 43 DOM
39. 2026-07-14
    days on market $74,900 Active 42 DOM
40. 2026-07-13
    days on market $74,900 Active 41 DOM
41. 2026-07-12
    days on market $74,900 Active 40 DOM
42. 2026-07-12
    days on market $74,900 Active 39 DOM
43. 2026-07-10
    days on market $74,900 Active 38 DOM
44. 2026-07-09
    days on market $74,900 Active 37 DOM
45. 2026-07-07
    days on market $74,900 Active 35 DOM
46. 2026-07-06
    days on market $74,900 Active 34 DOM
47. 2026-07-05
    days on market $74,900 Active 33 DOM
48. 2026-07-05
    days on market $74,900 Active 32 DOM
49. 2026-07-03
    days on market $74,900 Active 31 DOM
50. 2026-07-03
    days on market $74,900 Active 30 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 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,686
• − Mortgage interest: −$4,196
• − Property taxes: −$1,124
• − Insurance: −$374
• − Repairs & maintenance: −$855
• − Management: −$855
• − HOA: −$3,480
• − Depreciation: −$2,179
• Taxable loss: −$2,376
• Est. tax savings @ 24.0%: +$570
• After-tax cash flow: $-679/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 Est. rehab $2,700–$8,100 screening

This manufactured home is in good condition with a good condition score of 75. It has a good exterior, interior, and HVAC system. The property has a good location with a dock and access to the lake. The home is move-in ready and has a good rental potential.

Value-add opportunities

• Both Paint the exterior siding — Painting the exterior siding can enhance the curb appeal and increase the property's value. ↑
• Both Clean the windows — Clean windows can improve the property's appearance and make it more attractive to potential buyers or renters. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 64/100

Zoned Schools

Elementary Indian Lake Elementary School A- OH #391/1,584 Nat'l #3,487/41,679 Middle Indian Lake Middle School B+ OH #259/654 Nat'l #1,738/14,009 High Indian Lake High School B- OH #202/781 Nat'l #3,220/17,239

Schools (NCES district)

• District: Indian Lake Local
• NCES district ID: 3904808
• Math proficiency: 59% ▼ -14.00%
• Reading proficiency: 66% ▼ -4.00%
• Median HH income: $44,496
• Composite: 52.6/100
• National rank: #1559
• State rank: #261 of 656 in OH

C Composite livability gradescore 63/100

Livability — Lakeview

• Score: 63/100
• State rank: #836
• US rank: #15632

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Logan · 44,240 people
• Population (ZIP): 4,012
• Household income: $60,159
• Rent vs Own: 11.5% rent · 88.5% own
• Severe rent burden: 16% of renters

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Population outlook (Logan County) Hauer SSP2

• Today (2025): 44,240 people
• By 2030: 43,166 · -2.4%
• By 2040: 40,495 · -8.5%
• By 2050: 37,511 · -15.2%
• By 2075: 30,453 · -31.2%
• By 2100: 23,081 · -47.8%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 2% Black 1%
• Common ancestry: Lithuanian 2% Slovak 2% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

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Political lean MEDSL · Logan

• 2024 margin: Solid R (+56.2) · D 21.5% · R 77.7%
• 2008→2024 swing: -29.6pp toward R · 2008: -26.6pp · 2024: -56.2pp
• All cycles: 2024: R+56.2 2020: R+55.2 2016: R+52.6 2012: R+31.8 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -109.75%
• Current HPI: 256.2406
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

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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

Property features AI

Finance

• HOA & community: Homeowners association with gated entrance and clubhouseAnnual HOA fee of $3,480HOA fee includes sewer, trash and water

Exterior

• Parking: Carport with 1 space
• Utilities: Public sewerWell water
• Home design: Other residential without deeded landBuilt in 2013One and one-half levelsNo shared/common walls
• Construction: Other foundation
• Exterior features: PatioFenced yardShed on the propertyWater view

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioningForced air heating
• Interior features: 540 interior living area

Price history

-24.3% since first listed

25 events — show timeline

• 2026-06-26 Price Changed $74,900 WCARE
• 2026-06-26 Price Changed $74,900 CBRMLS
• 2026-06-26 Price Changed $74,900 WRIST
• 2026-06-02 Listed $77,900 WRIST
• 2026-06-02 Listed $77,900 CBRMLS
• 2026-06-02 Listed $77,900 WCARE
• 2026-06-01 Listing Removed — CBRMLS
• 2026-05-31 Listing Removed — WRIST
• 2026-05-14 Price Changed $77,900 WCARE
• 2026-05-14 Price Changed $77,900 CBRMLS
• 2026-05-14 Price Changed $77,900 WRIST
• 2026-03-13 Listed $79,900 WCARE
• 2026-03-13 Listed $79,900 WRIST
• 2026-03-13 Listed $79,900 CBRMLS
• 2025-10-12 Listing Removed — CBRMLS
• 2025-10-11 Listing Removed — WRIST
• 2025-08-01 Price Changed $96,000 CBRMLS
• 2025-08-01 Price Changed $96,000 WCARE
• 2025-07-31 Price Changed $96,000 WRIST
• 2025-07-25 Price Changed $98,000 WCARE
• 2025-07-25 Price Changed $98,000 CBRMLS
• 2025-07-25 Price Changed $98,000 WRIST
• 2025-07-11 Listed $99,000 WRIST
• 2025-07-11 Listed $99,000 WCARE
• 2025-07-11 Listed $99,000 CBRMLS