5034 Maderia Dr · Cinnamon Lake, OH 44287

$264,900

3 bd · 2.0 ba · 1,296 sqft · SingleFamily public records · 28 Days on market

Built 1997 0.27 ac lot $204/sqft · 11% below area Est $296k · 11% under $62/mo HOA · 5% of rent

---

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 +12.2/15.0
• Appreciation +10.0/10.0
• Schools +5.2/10.0
• Livability +3.6/5.0
• Cash flow +3.1/30.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome home to 5034 Maderia Drive! Enjoy first floor living within a private, gated community! This home is situated on a beautiful wooded lot and boasts an updated kitchen, open layout, a lake view, tons of natural light, and an oversized 2 car garage. This is all within walking distance to the Lodge, pool, docks, basketball court and beach!! An access pathway to community areas is located directly across the street. Kitchen was remodeled in 2019 and features granite countertops, large sink, new stove, new dishwasher and new garbage disposal. Fresh interior paint was completed in 2020 along with the porch & deck. New roof was installed 2015, storm door in 2019, & new sump pump was installed in 2020. The full basement offers more wonderful natural light & abundant storage space. There's nothing to do besides move in! Don't miss out, this one will not last!

Key facts

• Garbage disposal
• Carpet
• Deck restabilized

Tags

• GARBAGE DISPOSAL
• FURNACE
• AIR CONDITIONER
• DECK RESTABILIZED
• SIDING
• CARPET

Property features AI

Finance

• HOA & community: Part of Cinnamon Lake homeowners association; Annual HOA dues (paid annually) include common area maintenance, pools, recreation facilities, reserve fund, snow removal, security, and trash

Exterior

• Parking: Attached garage with 2 parking spaces; Driveway and additional gravel/parking lot spaces
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Single-story home; Updated/remodeled condition; Block foundation; Shingle roof; Vinyl siding; Has a view
• Construction: Built (year source: public records); Vinyl siding construction; Shingle roof; Block foundation
• Exterior features: Balcony (including off the kitchen); Deck, front porch, patio and terrace; Private yard and private entrance; Garden and landscaped grounds with native plants; Rain gutters; Views; Back and front yard; property is private and gently sloping; located on a cul-de-sac near a fishing pond and close to clubhouse

Interior

• Kitchen: Eat-in kitchen with balcony access; Kitchen island; Microwave; Range; Dishwasher; Disposal
• Bedrooms: Three main-level bedrooms
• Flooring: Carpet in primary living areas and several bedrooms; Laminate flooring in kitchen, some bath/laundry areas
• Bathrooms: Two full bathrooms (including accessible full bath); Soaking tub; Bidet; Stand-up shower (listed in room description)
• Heating & cooling: Central air conditioning; Forced-air gas heating
• Interior features: Double-pane windows with drapes and screens; Kitchen island; Eat-in kitchen; Soaking tub; Bidet; High-speed internet; Visitor bathroom; Accessible features throughout including ramped approach, accessible doors, hallways, entrance, central living area, kitchen, full bath, and washer/dryer (customized wheelchair accessible)
• Laundry & utility: Laundry room with washer and dryer hookups (electric and gas); Washer and dryer included; Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $-844 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $116k (56.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $115k (56.5% below list).
• Recommended offer: $115k (56.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#431 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, amenities F, commute F.
• Black River Local (rural): math 55% / reading 66% proficiency, ranked #278 of 656 in OH (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 59 active listings in the ZIP; 61 units permitted in Ashland County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $28k of equity ($2k loan paydown + $26k appreciation (10.0% local appreciation)).
• Ashland County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($261k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y 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.
• Current owner paid $142k; list at $265k implies a 86% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $115,143 (56.5% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.43% ✗
• Cap rate: 2.47%
• Cash-on-cash: -13.66%
• DSCR: 0.39
• GRM: 19.2

CMA / ARV

• ARV (median comp): $295,991
• List price: $264,900
• Delta: -10.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3283 Acuminata Dr	0.32mi	3/2.0	1,308 (+1%)	0mo	$313,000	$239	83
1324 Brandy Ln	0.34mi	3/2.0	1,288 (-1%)	1mo	$310,000	$241	82
5006 Maderia Dr	0.17mi	3/2.0	1,410 (+9%)	2mo	$109,000	$77	76
5115 Sangria Dr	0.29mi	3/2.0	1,350 (+4%)	11mo	$235,900	$175	71
4066 Cinnamon Dr N	0.43mi	3/2.0	1,404 (+8%)	6mo	$180,000	$128	61
3075 Cinnamon Dr W	0.64mi	3/2.0	1,288 (-1%)	13mo	$163,000	$127	58
1362 Saffron Dr	0.48mi	3/2.0	1,438 (+11%)	6mo	$250,000	$174	55
4180 Aspen Pl	0.35mi	3/2.0	1,458 (+12%)	12mo	$256,000	$176	53
1147 Laurel Dr	0.57mi	3/2.0	1,344 (+4%)	17mo	$269,000	$200	53
1558 Cinnamon Dr	0.56mi	3/2.0	1,233 (-5%)	20mo	$231,000	$187	49
1190 Ginko Drive Dr	0.43mi	4/3.0 (+1)	1,438 (+11%)	7mo	$379,900	$264	47
2075 Tarragon Dr	0.51mi	3/2.0	1,144 (-12%)	21mo	$209,900	$183	40

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: 14.8%
• Equity multiple: 2.22×
• Total profit: $90,459
• Equity at exit: $238,643

10-year hold

• IRR: 14.5%
• Equity multiple: 5.16×
• Total profit: $308,622
• Equity at exit: $514,642

Cash invested: $74,172 (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 44287

• Home prices YoY: 6.5%
• Active inventory: 59
• Price-to-rent: 19.2×

Monthly cashflow live

• Estimated rent: $1,151 medium
• Mortgage (P&I): −$1,389
• Tax from tax record: −$193 /mo · $2,310/yr
• Insurance: −$110
• HOA: −$62
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $-844

Break-even live

Break-even rent $2,220

Max offer price $115,725

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: $66,225
• Closing costs: $7,947
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $62 · $744/yr
• Likely covers: trashpoolsecurity

Listing history 14 events

1. 2026-05-08
   price $264,900 753-char remark
2. 2026-04-28
   listed $269,900 Active 753-char remark
3. 2020-08-04
   soldstatus $142,500
4. 2020-07-29
   soldstatus $142,500 Closed 887-char remark

   Show marketing remark (887 chars)

   Welcome home to 5034 Maderia Drive! Enjoy first floor living within a private, gated community! This home is situated on a beautiful wooded lot and boasts an updated kitchen, open layout, a lake view, tons of natural light, and an oversized 2 car garage. This is all within walking distance to the Lodge, pool, docks, basketball court and beach!! An access pathway to community areas is located directly across the street. Kitchen was remodeled in 2019 and features granite countertops, large sink, new stove, new dishwasher and new garbage disposal. Fresh interior paint was completed in 2020 along with the porch & deck. New roof was installed 2015, storm door in 2019, & new sump pump was installed in 2020. The full basement offers more wonderful natural light & abundant storage space. There's nothing to do besides move in! Don't miss out, this one will not last!

5. 2020-06-25
   status Pending 887-char remark

   Show marketing remark (887 chars)

   Welcome home to 5034 Maderia Drive! Enjoy first floor living within a private, gated community! This home is situated on a beautiful wooded lot and boasts an updated kitchen, open layout, a lake view, tons of natural light, and an oversized 2 car garage. This is all within walking distance to the Lodge, pool, docks, basketball court and beach!! An access pathway to community areas is located directly across the street. Kitchen was remodeled in 2019 and features granite countertops, large sink, new stove, new dishwasher and new garbage disposal. Fresh interior paint was completed in 2020 along with the porch & deck. New roof was installed 2015, storm door in 2019, & new sump pump was installed in 2020. The full basement offers more wonderful natural light & abundant storage space. There's nothing to do besides move in! Don't miss out, this one will not last!

6. 2020-06-23
   listed $139,900 Active 887-char remark

   Show marketing remark (887 chars)

   Welcome home to 5034 Maderia Drive! Enjoy first floor living within a private, gated community! This home is situated on a beautiful wooded lot and boasts an updated kitchen, open layout, a lake view, tons of natural light, and an oversized 2 car garage. This is all within walking distance to the Lodge, pool, docks, basketball court and beach!! An access pathway to community areas is located directly across the street. Kitchen was remodeled in 2019 and features granite countertops, large sink, new stove, new dishwasher and new garbage disposal. Fresh interior paint was completed in 2020 along with the porch & deck. New roof was installed 2015, storm door in 2019, & new sump pump was installed in 2020. The full basement offers more wonderful natural light & abundant storage space. There's nothing to do besides move in! Don't miss out, this one will not last!

7. 2015-07-29
   soldstatus $96,000
8. 2015-07-22
   soldstatus $96,000

   Show marketing remark (288 chars)

   Wonderful updates in this home include newer appliances, floor coverings and bathroom. Half of roof replaced last year and owner will replace other half with reasonable offer. Beautiful wooded lot. Basement has large windows. Oversized 2 car garage. Close to pool, lake & clubhouse.

9. 2015-05-22
   listed $94,900

   Show marketing remark (288 chars)

   Wonderful updates in this home include newer appliances, floor coverings and bathroom. Half of roof replaced last year and owner will replace other half with reasonable offer. Beautiful wooded lot. Basement has large windows. Oversized 2 car garage. Close to pool, lake & clubhouse.

10. 2010-10-30
    historical
11. 2010-02-20
    listed $123,250
12. 2010-01-30
    historical
13. 2009-05-08
    listed $123,900
14. 2000-07-26
    soldstatus $110,000

ⓘ 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: $2,310 · $193/mo
• Projected year-2 tax: $3,221 · $268/mo
• Expected delta: +$911/yr (+$76/mo · 39.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 65% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,817
• − Mortgage interest: −$14,839
• − Property taxes: −$2,310
• − Insurance: −$1,324
• − Repairs & maintenance: −$1,105
• − Management: −$1,105
• − HOA: −$744
• − Depreciation: −$7,706
• Taxable loss: −$15,317
• Est. tax savings @ 24.0%: +$3,676
• After-tax cash flow: $-6,457/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: Black River Local
• NCES district ID: 3904846
• Math proficiency: 55% ▼ -14.00%
• Reading proficiency: 66% ▼ -7.00%
• Median HH income: $54,027
• Composite: 51.84/100
• National rank: #1665
• State rank: #278 of 656 in OH

Livability — Cinnamon Lake

• Score: 71/100
• State rank: #431
• US rank: #7121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cinnamon Lake, OH
• County: Wayne · 117,095 people
• Population (ZIP): 7,892
• Household income: $71,146
• Rent vs Own: 12.7% rent · 87.3% own
• Severe rent burden: 6.1

Population outlook (Ashland County) Hauer SSP2

• Today (2025): 52,732 people
• By 2030: 51,728 · -1.9%
• By 2040: 48,956 · -7.2%
• By 2050: 46,070 · -12.6%
• By 2075: 38,945 · -26.1%
• By 2100: 30,883 · -41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Iranian 7% Romanian 5% Subsaharan African 3%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · German/W. Germanic 9% Other Indo-European 2%

Political lean MEDSL · Ashland

• 2024 margin: Solid R (+50.0) · D 24.5% · R 74.5%
• 2008→2024 swing: -26.7pp toward R · 2008: -23.3pp · 2024: -50.0pp
• All cycles: 2024: R+50.0 2020: R+48.7 2016: R+47.8 2012: R+30.0 2008: R+23.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 25.98%
• Current HPI: 426.21
• 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

+140.8% since first listed

15 events — show timeline

• 2026-05-26 Pending — MLSNOW
• 2026-05-08 Price Changed $264,900 MLSNOW
• 2026-04-28 Listed $269,900 MLSNOW
• 2020-08-04 Sold (Public Records) $142,500 Public Records
• 2020-07-29 Sold (MLS) $142,500 MLSNOW
• 2020-06-25 Pending — MLSNOW
• 2020-06-23 Listed $139,900 MLSNOW
• 2015-07-29 Sold (Public Records) $96,000 Public Records
• 2015-07-22 Sold (MLS) $96,000 ABOR
• 2015-05-22 Listed $94,900 ABOR
• 2010-10-30 Listing Removed — MLSNOW
• 2010-02-20 Listed $123,250 MLSNOW
• 2010-01-30 Listing Removed — MLSNOW
• 2009-05-08 Listed $123,900 MLSNOW
• 2000-07-26 Sold (Public Records) $110,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $2,310 · -0.8% YoY. Source: county tax records.