11377 Township Road 266 #58 · Chippewa Park, OH 43331

$77,500

2 bd · 1.0 ba · 400 sqft · Manufactured · 40 Days on market

Built 2006 Fair condition $194/sqft · 61% above area

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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 +5.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 2006 Park Model in Indian Lake Estates! Enjoy resort-style living in this well-maintained home just a short walk from the lake. Featuring a covered deck, it's the perfect spot for morning coffee or evening relaxation. You can also gather around the additional patio with firepit, perfect for entertaining and overlooking one of the largest lots in the park. Large storage shed with electric and shelving for extra storage space. Inside this home offers two bedrooms and one bath, a vaulted living room with electric fireplace, eat in kitchen with white appliances, and a double loft that serves as the second bedroom with plenty of space for guests. The entire home is fully furnished and EVERYTHING stays. Nothing to do but move right in! Also included is a 2003 EZGO gas golf cart, making it easy to enjoy all the community amenities: sparkling pool, 9-hole mini golf course, shuffleboard courts, community shelter house, and paved roads for walking or cruising around in your golf cart. ideal weekend retreat or full-time all year lake living. This cozy lake home offers comfort, convenience, and endless recreational opportunities right outside your door. Lot rent is $495.00 per month plus applicable charge backs which is around $41.00 a month and includes: Water, sewer, trash, snow removal of common areas, & yard mowing/maintenance of the common areas. Come check it out and make it yours! * * Interior Photos will be added soon * *

Key facts

• Covered porch
• Firepit
• Community amenities

Tags

• FIREPIT
• COVERED PORCH
• OPEN LIVING ROOM KITCHEN
• COMMUNITY AMENITIES
• INGROUND POOL
• SWING SET AREA

Property features AI

Finance

• Other: Located in Indian Lake Estates (Condo Camping)
• HOA & community: Association includes pool, trash, and water

Exterior

• Utilities: Shared well water; Public sewer
• Home design: Residential mobile home; Built in 2006
• Construction: Vinyl siding
• Exterior features: Porch; In-ground pool; Leased lot / Leased land; Lake-related waterfront

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Heating: Other (see remarks)
• Interior features: 4 total rooms; No basement
• Laundry & utility: Sewer connected

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $78k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $417 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Recommended offer: $75k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.8% vs local median 5.5% in Chippewa Park — 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 49/100 on livability (#1,173 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools F, amenities F, commute 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.
• Market conditions: 109 active listings in the ZIP; 121 units permitted in Logan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $536 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $60k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $75,175 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.56% ✓
• Cap rate: 12.75%
• Cash-on-cash: 23.07%
• DSCR: 2.03
• GRM: 5.4

CMA / ARV

• ARV (median comp): $48,078
• List price: $77,500
• Delta: 61.20%
• Verdict: OVERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11377 Township Rd 266 #66	0.00mi	2/1.0	396 (-1%)	2mo	$75,000	$189	96
11377 Township Road 266 #30	0.00mi	2/1.0	396 (-1%)	5mo	$40,000	$101	94
11377 Township Road 266 #75	0.00mi	2/1.0	396 (-1%)	7mo	$79,000	$199	92
11377 Township Road 266 #28	0.00mi	1/1.0 (-1)	396 (-1%)	2mo	$77,500	$196	92
11377 Township Road 266 #70	0.00mi	2/1.0	396 (-1%)	9mo	$97,500	$246	91
11377 Township Road 266 #98	0.06mi	2/1.0	396 (-1%)	7mo	$102,000	$258	90
11377 Township Road 266 #57	0.06mi	2/1.0	396 (-1%)	8mo	$45,000	$114	89
11377 Township Road 266 #3	0.00mi	1/1.0 (-1)	396 (-1%)	7mo	$45,500	$115	87
11377 Township Road 266 #77	0.00mi	1/1.0 (-1)	432 (+8%)	8mo	$57,000	$132	75
11377 Township Road 266 #61	0.00mi	1/1.0 (-1)	432 (+8%)	9mo	$56,000	$130	74
11377 Township Road 266 #15	0.00mi	1/1.0 (-1)	432 (+8%)	9mo	$45,000	$104	74
11377 TR 266	0.00mi	1/1.0 (-1)	367 (-8%)	9mo	$60,000	$163	73

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: 16.1%
• Equity multiple: 1.65×
• Total profit: $14,030
• Equity at exit: $11,556

10-year hold

• IRR: 24.7%
• Equity multiple: 3.14×
• Total profit: $46,505
• Equity at exit: $6,701

Cash invested: $21,700 (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 43331

• Home prices YoY: -30.0%
• Active inventory: 109
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,206 medium
• Mortgage (P&I): −$406
• Tax est. 1.5%: −$97 /mo · $1,162/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $417

Break-even live

Break-even rent $678

Max offer price $77,500

Occupancy floor 60%

Sensitivity live

Price	-10% $471	-5% $444	+0% $417	+5% $390	+10% $364
Rent	-10% $322	-5% $370	+0% $417	+5% $465	+10% $512
Rate	-1.0pp $456	-0.5pp $437	base $417	+0.5pp $397	+1.0pp $377

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: $19,375
• Closing costs: $2,325
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $77,500 Active 40 DOM
2. 2026-06-18
   days on market $77,500 Active 38 DOM
3. 2026-06-17
   days on market $77,500 Active 37 DOM
4. 2026-06-16
   days on market $77,500 Active 36 DOM
5. 2026-06-15
   days on market $77,500 Active 35 DOM
6. 2026-06-13
   days on market $77,500 Active 33 DOM
7. 2026-06-12
   days on market $77,500 Active 32 DOM
8. 2026-06-09
   days on market $77,500 Active 29 DOM
9. 2026-06-08
   days on market $77,500 Active 28 DOM
10. 2026-06-08
    days on market $77,500 Active 27 DOM
11. 2026-06-07
    days on market $77,500 Active 26 DOM
12. 2026-06-04
    days on market $77,500 Active 23 DOM
13. 2026-06-02
    days on market $77,500 Active 22 DOM
14. 2026-06-01
    days on market $77,500 Active 21 DOM
15. 2026-05-31
    days on market $77,500 Active 20 DOM
16. 2026-05-10
    listed $77,500 Active 1284-char remark
17. 2025-08-29
    soldstatus $60,000 Closed 1475-char remark

    Show marketing remark (1263 chars)

    Welcome to this charming 2006 Park Model in Indian Lake Estates! Enjoy resort-style living in this well-maintained park model home just a short walk from the lake. Featuring a covered deck, it's the perfect spot for morning coffee or evening relaxation. You can also gather around the additional patio with firepit, perfect for entertaining and overlooking one of the largest lots in the park. Large storage shed with electric and shelving for extra storage space. Inside this home offers two bedrooms and one bath, a vaulted living room with electric fireplace, eat in kitchen with white appliances, and a double loft that serves as the second bedroom with plenty of space for guests. The entire home is fully furnished and EVERYTHING stays. Nothing to do but move right in! Also included is a 2003 EZGO gas golf cart, making it easy to enjoy all the community amenities: sparkling pool, 9-hole mini golf course, shuffleboard courts, community shelter house, and paved roads for walking or cruising around in your golf cart. ideal weekend retreat or full-time lake living. This cozy lake home offers comfort, convenience, and endless recreational opportunities right outside your door. Come check it out and make it yours! **Interior Photos will be added soon**

18. 2025-08-29
    soldstatus $60,000 Closed

    Show marketing remark (1263 chars)

    Welcome to this charming 2006 Park Model in Indian Lake Estates! Enjoy resort-style living in this well-maintained park model home just a short walk from the lake. Featuring a covered deck, it's the perfect spot for morning coffee or evening relaxation. You can also gather around the additional patio with firepit, perfect for entertaining and overlooking one of the largest lots in the park. Large storage shed with electric and shelving for extra storage space. Inside this home offers two bedrooms and one bath, a vaulted living room with electric fireplace, eat in kitchen with white appliances, and a double loft that serves as the second bedroom with plenty of space for guests. The entire home is fully furnished and EVERYTHING stays. Nothing to do but move right in! Also included is a 2003 EZGO gas golf cart, making it easy to enjoy all the community amenities: sparkling pool, 9-hole mini golf course, shuffleboard courts, community shelter house, and paved roads for walking or cruising around in your golf cart. ideal weekend retreat or full-time lake living. This cozy lake home offers comfort, convenience, and endless recreational opportunities right outside your door. Come check it out and make it yours! **Interior Photos will be added soon**

19. 2025-08-19
    status Pending 1475-char remark

    Show marketing remark (1263 chars)

    Welcome to this charming 2006 Park Model in Indian Lake Estates! Enjoy resort-style living in this well-maintained park model home just a short walk from the lake. Featuring a covered deck, it's the perfect spot for morning coffee or evening relaxation. You can also gather around the additional patio with firepit, perfect for entertaining and overlooking one of the largest lots in the park. Large storage shed with electric and shelving for extra storage space. Inside this home offers two bedrooms and one bath, a vaulted living room with electric fireplace, eat in kitchen with white appliances, and a double loft that serves as the second bedroom with plenty of space for guests. The entire home is fully furnished and EVERYTHING stays. Nothing to do but move right in! Also included is a 2003 EZGO gas golf cart, making it easy to enjoy all the community amenities: sparkling pool, 9-hole mini golf course, shuffleboard courts, community shelter house, and paved roads for walking or cruising around in your golf cart. ideal weekend retreat or full-time lake living. This cozy lake home offers comfort, convenience, and endless recreational opportunities right outside your door. Come check it out and make it yours! **Interior Photos will be added soon**

20. 2025-08-19
    status Pending

    Show marketing remark (1263 chars)

    Welcome to this charming 2006 Park Model in Indian Lake Estates! Enjoy resort-style living in this well-maintained park model home just a short walk from the lake. Featuring a covered deck, it's the perfect spot for morning coffee or evening relaxation. You can also gather around the additional patio with firepit, perfect for entertaining and overlooking one of the largest lots in the park. Large storage shed with electric and shelving for extra storage space. Inside this home offers two bedrooms and one bath, a vaulted living room with electric fireplace, eat in kitchen with white appliances, and a double loft that serves as the second bedroom with plenty of space for guests. The entire home is fully furnished and EVERYTHING stays. Nothing to do but move right in! Also included is a 2003 EZGO gas golf cart, making it easy to enjoy all the community amenities: sparkling pool, 9-hole mini golf course, shuffleboard courts, community shelter house, and paved roads for walking or cruising around in your golf cart. ideal weekend retreat or full-time lake living. This cozy lake home offers comfort, convenience, and endless recreational opportunities right outside your door. Come check it out and make it yours! **Interior Photos will be added soon**

21. 2025-08-16
    listed $65,000 Active 1475-char remark

    Show marketing remark (1263 chars)

    Welcome to this charming 2006 Park Model in Indian Lake Estates! Enjoy resort-style living in this well-maintained park model home just a short walk from the lake. Featuring a covered deck, it's the perfect spot for morning coffee or evening relaxation. You can also gather around the additional patio with firepit, perfect for entertaining and overlooking one of the largest lots in the park. Large storage shed with electric and shelving for extra storage space. Inside this home offers two bedrooms and one bath, a vaulted living room with electric fireplace, eat in kitchen with white appliances, and a double loft that serves as the second bedroom with plenty of space for guests. The entire home is fully furnished and EVERYTHING stays. Nothing to do but move right in! Also included is a 2003 EZGO gas golf cart, making it easy to enjoy all the community amenities: sparkling pool, 9-hole mini golf course, shuffleboard courts, community shelter house, and paved roads for walking or cruising around in your golf cart. ideal weekend retreat or full-time lake living. This cozy lake home offers comfort, convenience, and endless recreational opportunities right outside your door. Come check it out and make it yours! **Interior Photos will be added soon**

22. 2025-08-16
    listed $65,000 Active

    Show marketing remark (1263 chars)

    Welcome to this charming 2006 Park Model in Indian Lake Estates! Enjoy resort-style living in this well-maintained park model home just a short walk from the lake. Featuring a covered deck, it's the perfect spot for morning coffee or evening relaxation. You can also gather around the additional patio with firepit, perfect for entertaining and overlooking one of the largest lots in the park. Large storage shed with electric and shelving for extra storage space. Inside this home offers two bedrooms and one bath, a vaulted living room with electric fireplace, eat in kitchen with white appliances, and a double loft that serves as the second bedroom with plenty of space for guests. The entire home is fully furnished and EVERYTHING stays. Nothing to do but move right in! Also included is a 2003 EZGO gas golf cart, making it easy to enjoy all the community amenities: sparkling pool, 9-hole mini golf course, shuffleboard courts, community shelter house, and paved roads for walking or cruising around in your golf cart. ideal weekend retreat or full-time lake living. This cozy lake home offers comfort, convenience, and endless recreational opportunities right outside your door. Come check it out and make it yours! **Interior Photos will be added soon**

ⓘ 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 ≥99°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: $14,472
• − Mortgage interest: −$4,341
• − Property taxes: −$1,162
• − Insurance: −$388
• − Repairs & maintenance: −$1,158
• − Management: −$1,158
• − Depreciation: −$2,255
• Taxable income: $4,011
• Est. tax owed @ 24.0%: −$963
• After-tax cash flow: $4,043/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

Fair 45/100 Moderate rehab

This park model home requires a moderate level of repairs and maintenance, including painting and landscaping, to improve its condition and value.

Repairs flagged

• Major paint — paint appears faded and needs touch-up
• Major interior walls — paint appears faded and needs touch-up
• Major landscaping — some overgrown areas need trimming

Value-add opportunities

• Both paint job — Fresh paint can improve the home's curb appeal and interior aesthetics
• Both HVAC maintenance — Regular HVAC maintenance ensures the system runs efficiently and can improve air quality
• Both landscaping — Well-maintained landscaping can enhance curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
paint · paint appears faded and needs touch-up	Major	$15,000–50,000
interior walls · paint appears faded and needs touch-up	Major	$15,000–50,000
landscaping · some overgrown areas need trimming	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both paint job — Fresh paint can improve the home's curb appeal and interior aesthetics ↑
• Both HVAC maintenance — Regular HVAC maintenance ensures the system runs efficiently and can improve air quality ↑
• Both landscaping — Well-maintained landscaping can enhance curb appeal and property value ↑

ⓘ 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: 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

Livability — Chippewa Park

• Score: 49/100
• State rank: #1173
• US rank: #25758

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Logan · 47,256 people
• Population (ZIP): 4,012
• Household income: $60,159
• Rent vs Own: 11.5% rent · 88.5% own
• Severe rent burden: 16.1

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%

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%

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

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

+19.2% since first listed

7 events — show timeline

• 2026-05-10 Listed $77,500 WRIST
• 2025-08-29 Sold (MLS) $60,000 WRIST
• 2025-08-29 Sold (MLS) $60,000 CBRMLS
• 2025-08-19 Pending — CBRMLS
• 2025-08-19 Pending — WRIST
• 2025-08-16 Listed $65,000 WRIST
• 2025-08-16 Listed $65,000 CBRMLS