44 Eddie Rd · North Madison, OH 44057

$69,800

3 bd · 2.0 ba · 1,056 sqft · SingleFamily · 103 Days on market

Built 2025 $95/mo HOA · 5% of rent

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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 +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this brand new construction home looking for its new owner! Equipped with 3 bedrooms and 2 full bathrooms you will also get to enjoy a fully paved 2 car driveway, expansive 6x20 side deck for relaxing outside. With 1,056 sq ft in living space you will certainly appreciate the space this home offers. Stretch out in the large living room which divides your primary bedroom from the two guest bedrooms and shared full bathroom. The kitchen offers not only all new light and bright cabinetry, but a buffet of additional cabinets with additional counter space perfect for entertaining. All kitchen appliances are included for you to pack your bags and move right in! Refrigerator, stove, dis

Key facts

• Fully paved driveway
• Expansive side deck
• Walk in closet

Tags

• BRAND NEW CONSTRUCTION
• FULLY PAVED DRIVEWAY
• EXPANSIVE SIDE DECK
• DEDICATED LAUNDRY ROOM
• WALK IN CLOSET

Property features AI

Finance

• Other: Above-grade finished area reported as 1,056 (owner provided); Lot dimensions approximately 45.14 x 78.46
• Financial info: Has land lease with monthly amount $575
• HOA & community: Association fee $95 monthly (includes water, sewer, trash)

Exterior

• Parking: Asphalt paved driveway
• Utilities: Public water; Public sewer
• Home design: Single-story (1 story); Entry level is 1; New construction; Vinyl siding; Asphalt and fiberglass roof
• Construction: Vinyl siding construction; Built by owner (year built source: owner)
• Exterior features: Deck

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Three main-level bedrooms
• Flooring: Linoleum flooring throughout main-level rooms
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Forced air heating; Gas heating
• Interior features: Nine total rooms; New construction condition
• Laundry & utility: Electric dryer hookup; Main-level laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $864 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#865 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, health & safety D, schools D-.
• Madison Local (suburban): math 58% / reading 59% proficiency, ranked #308 of 656 in OH (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 97 active listings in the ZIP; 448 units permitted in Lake County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lake County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $63,518 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 2.61% ✓
• Cap rate: 21.15%
• Cash-on-cash: 53.04%
• DSCR: 3.36
• 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: 51.1%
• Equity multiple: 3.24×
• Total profit: $43,799
• Equity at exit: $10,407

10-year hold

• IRR: 56.5%
• Equity multiple: 6.59×
• Total profit: $109,340
• Equity at exit: $6,035

Cash invested: $19,544 (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 44057

• Active inventory: 97
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,824 medium
• Mortgage (P&I): −$366
• Tax est. 1.5%: −$87 /mo · $1,047/yr
• Insurance: −$29
• HOA: −$95
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $864

Break-even live

Break-even rent $731

Max offer price $69,800

Occupancy floor 48%

Sensitivity live

Price	-10% $912	-5% $888	+0% $864	+5% $840	+10% $816
Rent	-10% $720	-5% $792	+0% $864	+5% $936	+10% $1,008
Rate	-1.0pp $899	-0.5pp $882	base $864	+0.5pp $846	+1.0pp $827

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: $17,450
• Closing costs: $2,094
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $95 · $1,140/yr

Listing history 22 events

1. 2026-06-21
   days on market $69,800 Active 103 DOM
2. 2026-06-21
   days on market $69,800 Active 102 DOM
3. 2026-06-18
   days on market $69,800 Active 100 DOM
4. 2026-06-17
   days on market $69,800 Active 99 DOM
5. 2026-06-16
   days on market $69,800 Active 98 DOM
6. 2026-06-15
   pricedays on market $69,800 Active 97 DOM
7. 2026-06-13
   days on market $80,000 Active 95 DOM
8. 2026-06-12
   days on market $80,000 Active 94 DOM
9. 2026-06-09
   days on market $80,000 Active 91 DOM
10. 2026-06-08
    days on market $80,000 Active 90 DOM
11. 2026-06-08
    days on market $80,000 Active 89 DOM
12. 2026-06-07
    days on market $80,000 Active 88 DOM
13. 2026-06-04
    days on market $80,000 Active 85 DOM
14. 2026-06-02
    days on market $80,000 Active 84 DOM
15. 2026-06-01
    days on market $80,000 Active 83 DOM
16. 2026-05-31
    days on market $80,000 Active 82 DOM
17. 2026-03-10
    listed $80,000 Active
18. 2025-12-18
    historical
19. 2025-09-24
    listed $70,000 Active
20. 2025-09-15
    historical
21. 2025-08-27
    price $73,500
22. 2025-06-20
    listed $78,500 Active

ⓘ 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 ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,893
• − Mortgage interest: −$3,910
• − Property taxes: −$1,047
• − Insurance: −$349
• − Repairs & maintenance: −$1,751
• − Management: −$1,751
• − HOA: −$1,140
• − Depreciation: −$2,031
• Taxable income: $9,914
• Est. tax owed @ 24.0%: −$2,379
• After-tax cash flow: $7,988/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: Madison Local
• NCES district ID: 3904788
• Math proficiency: 58% ▼ -7.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $51,608
• Composite: 49.99/100
• National rank: #1924
• State rank: #308 of 656 in OH

Livability — North Madison

• Score: 62/100
• State rank: #865
• US rank: #16372

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Madison, OH
• County: Lake · 224,932 people
• Metro: Cleveland, OH
• Population (ZIP): 19,491
• Household income: $70,212
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 8.5

Population outlook (Lake County) Hauer SSP2

• Today (2025): 230,022 people
• By 2030: 228,151 · -0.8%
• By 2040: 221,018 · -3.9%
• By 2050: 212,754 · -7.5%
• By 2075: 200,309 · -12.9%
• By 2100: 183,315 · -20.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Scotch-Irish 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Lake

• 2024 margin: R (+14.3) · D 42.4% · R 56.7%
• 2008→2024 swing: -15.2pp toward R · 2008: 0.8pp · 2024: -14.3pp
• All cycles: 2024: R+14.3 2020: R+13.6 2016: R+15.6 2012: R+1.7 2008: D+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -241.42%
• Current HPI: 187.8978
• 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

+1.9% since first listed

6 events — show timeline

• 2026-03-10 Listed $80,000 MLSNOW
• 2025-12-18 Listing Removed — MLSNOW
• 2025-09-24 Listed $70,000 MLSNOW
• 2025-09-15 Listing Removed — MLSNOW
• 2025-08-27 Price Changed $73,500 MLSNOW
• 2025-06-20 Listed $78,500 MLSNOW