8290 Avon Lake Rd · Lodi, OH 44254

$199,000

4 bd · 2.5 ba · 1,862 sqft · SingleFamily public records · 37 Days on market

Built 1920 6.00 ac lot $107/sqft · 23% below area Est $259k · 23% under ↓ 13% 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 +8.7/30.0
• Schools +5.6/10.0
• Livability +3.3/5.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wonderful opportunity to own this home set on over 6 acres of beautiful land, offering space, privacy, and endless potential. This unique property includes three separate parcels, making it ideal for expansion, investment, or creating your own private retreat. The home features over 1,800 square feet of living space with 4 spacious bedrooms and 2.5 bathrooms, providing plenty of room for comfortable living. A 2-car garage and two barns add exceptional value, perfect for storage, hobbies, or agricultural use. While some repairs are needed, this property presents a rare chance to customize and add value in a highly desirable setting. Whether you’re looking for a personal residence, a hobby farm, or an investment opportunity, the possibilities here are truly endless. Don’t miss out on this rare find, priced to sell and sure to move quickly. Schedule your private tour today.

Key facts

• 6 acre lot
• 2 garage spots
• Built 1920

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $-169 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $169k (15.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $151k (24.2% below list).
• Recommended offer: $151k (24.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#655 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• Cloverleaf Local (rural): math 61% / reading 68% proficiency, ranked #205 of 656 in OH (top 31%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 33 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago 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: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,813 (24.2% 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 37 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.76% ✗
• Cap rate: 5.27%
• Cash-on-cash: -3.64%
• DSCR: 0.84
• GRM: 11.0

CMA / ARV

• ARV (median comp): $259,001
• List price: $199,000
• Delta: -23.17%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8519 Avon Lake Rd	0.49mi	3/1.5 (-1)	1,818 (-2%)	8mo	$309,000	$170	58
8228 Vandemark Rd	0.64mi	4/3.0	1,832 (-2%)	13mo	$445,000	$243	54
9388 Kennard Rd	0.66mi	3/3.0 (-1)	1,904 (+2%)	17mo	$648,500	$341	44
8164 Vandemark Rd	0.72mi	4/3.0	1,638 (-12%)	8mo	$437,500	$267	38

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: -22.4%
• Equity multiple: 0.23×
• Total profit: $-42,991
• Equity at exit: $29,672

10-year hold

• IRR: -16.5%
• Equity multiple: 0.08×
• Total profit: $-51,233
• Equity at exit: $17,206

Cash invested: $55,720 (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 44254

• Home prices YoY: -27.7%
• Active inventory: 33
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,508 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$234 /mo · $2,806/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $-169

Break-even live

Break-even rent $1,722

Max offer price $169,162

Occupancy floor —

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-15
   status Pending 895-char remark

   Show marketing remark (895 chars)

   Wonderful opportunity to own this home set on over 6 acres of beautiful land, offering space, privacy, and endless potential. This unique property includes three separate parcels, making it ideal for expansion, investment, or creating your own private retreat. The home features over 1,800 square feet of living space with 4 spacious bedrooms and 2.5 bathrooms, providing plenty of room for comfortable living. A 2-car garage and two barns add exceptional value, perfect for storage, hobbies, or agricultural use. While some repairs are needed, this property presents a rare chance to customize and add value in a highly desirable setting. Whether you’re looking for a personal residence, a hobby farm, or an investment opportunity, the possibilities here are truly endless. Don’t miss out on this rare find, priced to sell and sure to move quickly. Schedule your private tour today.

2. 2026-04-07
   listed $199,000 Active 895-char remark

   Show marketing remark (895 chars)

   Wonderful opportunity to own this home set on over 6 acres of beautiful land, offering space, privacy, and endless potential. This unique property includes three separate parcels, making it ideal for expansion, investment, or creating your own private retreat. The home features over 1,800 square feet of living space with 4 spacious bedrooms and 2.5 bathrooms, providing plenty of room for comfortable living. A 2-car garage and two barns add exceptional value, perfect for storage, hobbies, or agricultural use. While some repairs are needed, this property presents a rare chance to customize and add value in a highly desirable setting. Whether you’re looking for a personal residence, a hobby farm, or an investment opportunity, the possibilities here are truly endless. Don’t miss out on this rare find, priced to sell and sure to move quickly. Schedule your private tour today.

3. 2016-06-02
   soldstatus $190,000 Sold 645-char remark

   Show marketing remark (645 chars)

   Mini farm with Country charm in this up-dated 1920 home. 3 bedrooms and 2 and 1/2 baths. Bonus room could be 4th. bedroom. First floor bedroom and bath. Wood floors under carpet. Oversize 2 car garage. Big red barn for your pets or storage. 6+ acres with a forth acre pond. Eat in kitchen open to large dining room. Front enclosed porch to enjoy your morning coffee. Two additional out buildings. Walk in attic on second floor is great storage area. Easy access to 224 and I-71. You will feel right at home in this lovely home. Home warranty offered. Home has public water and cistern for watering plants. Owners ready to move with short notice.

4. 2016-06-02
   soldstatus $190,000

   Show marketing remark (645 chars)

   Mini farm with Country charm in this up-dated 1920 home. 3 bedrooms and 2 and 1/2 baths. Bonus room could be 4th. bedroom. First floor bedroom and bath. Wood floors under carpet. Oversize 2 car garage. Big red barn for your pets or storage. 6+ acres with a forth acre pond. Eat in kitchen open to large dining room. Front enclosed porch to enjoy your morning coffee. Two additional out buildings. Walk in attic on second floor is great storage area. Easy access to 224 and I-71. You will feel right at home in this lovely home. Home warranty offered. Home has public water and cistern for watering plants. Owners ready to move with short notice.

5. 2016-05-04
   status Pending 645-char remark

   Show marketing remark (645 chars)

   Mini farm with Country charm in this up-dated 1920 home. 3 bedrooms and 2 and 1/2 baths. Bonus room could be 4th. bedroom. First floor bedroom and bath. Wood floors under carpet. Oversize 2 car garage. Big red barn for your pets or storage. 6+ acres with a forth acre pond. Eat in kitchen open to large dining room. Front enclosed porch to enjoy your morning coffee. Two additional out buildings. Walk in attic on second floor is great storage area. Easy access to 224 and I-71. You will feel right at home in this lovely home. Home warranty offered. Home has public water and cistern for watering plants. Owners ready to move with short notice.

6. 2016-04-10
   listed $199,900 Active 645-char remark

   Show marketing remark (645 chars)

   Mini farm with Country charm in this up-dated 1920 home. 3 bedrooms and 2 and 1/2 baths. Bonus room could be 4th. bedroom. First floor bedroom and bath. Wood floors under carpet. Oversize 2 car garage. Big red barn for your pets or storage. 6+ acres with a forth acre pond. Eat in kitchen open to large dining room. Front enclosed porch to enjoy your morning coffee. Two additional out buildings. Walk in attic on second floor is great storage area. Easy access to 224 and I-71. You will feel right at home in this lovely home. Home warranty offered. Home has public water and cistern for watering plants. Owners ready to move with short notice.

7. 2015-10-26
   historical
8. 2015-09-30
   status Active
9. 2015-09-04
   status Pending
10. 2015-07-28
    price $215,900
11. 2015-04-27
    listed $229,900 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: $2,806 · $234/mo
• Projected year-2 tax: $2,955 · $246/mo
• Expected delta: +$149/yr (+$12/mo · 5.3%)

ⓘ 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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°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: $18,098
• − Mortgage interest: −$11,147
• − Property taxes: −$2,806
• − Insurance: −$995
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$5,789
• Taxable loss: −$5,535
• Est. tax savings @ 24.0%: +$1,328
• After-tax cash flow: $-698/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: Cloverleaf Local
• NCES district ID: 3904848
• Math proficiency: 61% ▼ -16.00%
• Reading proficiency: 68% ▼ -6.00%
• Median HH income: $58,407
• Composite: 55.59/100
• National rank: #1235
• State rank: #205 of 656 in OH

Livability — Lodi

• Score: 66/100
• State rank: #655
• US rank: #11612

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Medina · 181,928 people
• Metro: Cleveland, OH
• Population (ZIP): 4,857
• Household income: $64,511
• Rent vs Own: 24.3% rent · 75.7% own
• Severe rent burden: 7.9

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 (93%)
• Race & ethnicity: White 93% Hispanic / Latino 3% Two or more races 2% Asian 1%
• Common ancestry: Romanian 5% Slovak 3% Lithuanian 1%
• Foreign-born: 2% · China
• Languages at home: 94% English-only · German/W. Germanic 2% Spanish 2% Chinese 2%

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: ▼ -82.87%
• Current HPI: 216.6444
• 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

-13.4% since first listed

11 events — show timeline

• 2026-05-15 Pending — MLSNOW
• 2026-04-07 Listed $199,000 MLSNOW
• 2016-06-02 Sold (Public Records) $190,000 Public Records
• 2016-06-02 Sold (MLS) $190,000 MLSNOW
• 2016-05-04 Pending — MLSNOW
• 2016-04-10 Listed $199,900 MLSNOW
• 2015-10-26 Listing Removed — MLSNOW
• 2015-09-30 Relisted — MLSNOW
• 2015-09-04 Pending — MLSNOW
• 2015-07-28 Price Changed $215,900 MLSNOW
• 2015-04-27 Listed $229,900 MLSNOW

Property tax history

+5.2%/yr

Latest (2025): $2,806 · +17.0% YoY. Source: county tax records.