813 Cornflower Ln · Madison, OH 44057

$219,000

2 bd · 2.0 ba · 1,320 sqft · Condo public records · 1 Days on market

Built 1999

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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).

• Cash flow +11.3/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• DSCR +3.3/10.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for one level? Look no further. This immaculate custom built stand alone condo has the room you'll need when the family comes over. The condo has an extra large living along with a nice size eat in kitchen. The 2 nice size bedroom along with an office will surely fit your needs. All the appliances stay in the kitchen along with the washer and dryer. lets not forget about the 3 car garage along with the extra large concrete driveway which would hold up to 6 cars. Newer flooring thought out and an patio off the kit for those summer nights. Economical Geothermal heating and air condition. Nothing to do by move in. Call today to set up your private showing.

Key facts

• Custom built condo
• Newer flooring
• Extra large living

Tags

• CUSTOM BUILT CONDO
• EXTRA LARGE LIVING
• NICE SIZE EAT IN KITCHEN
• ALL APPLIANCES STAY
• EXTRA LARGE CONCRETE DRIVEWAY
• NEWER FLOORING

Property features AI

Finance

• HOA & community: Part of the Sweet Brier Condominium association

Exterior

• Home design: Condominium built in 1999
• Construction: Built in 1999
• Exterior features: Located in the Sweet Brier Condominium community

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $219k.

Deal economics

• At list price, monthly cash flow is $-79 ($-951/yr) — negative.
• To cash-flow at today's rent, offer at most $205k (6.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $175k (19.9% below list).
• Recommended offer: $175k (19.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#250 in OH, #3,982 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: health & safety D, amenities F, commute F.
• 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.
• Zoned schools: South Elementary School (math 65% / reading 58%, grade B, #646 of 1,584 statewide, top 41%, 564 students, 34% FRL); Madison Middle School (math 52% / reading 58%, grade B-, #335 of 654 statewide, top 52%, 609 students, 36% FRL); Madison High School (math 52% / reading 62%, grade C, #275 of 781 statewide, top 37%, 860 students, 32% FRL) — zoned schools at 34% FRL track the district average.
• Market conditions: 97 active listings in the ZIP; 448 units permitted in Lake County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 13y 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 $104k; list at $219k implies a 112% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $175,392 (19.9% 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 5.86%
• Cash-on-cash: -1.55%
• DSCR: 0.93
• GRM: 10.4

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: -18.9%
• Equity multiple: 0.34×
• Total profit: $-40,540
• Equity at exit: $32,654

10-year hold

• IRR: -11.4%
• Equity multiple: 0.32×
• Total profit: $-41,817
• Equity at exit: $18,935

Cash invested: $61,320 (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: 10.4×

Monthly cashflow live

• Estimated rent: $1,754 medium
• Mortgage (P&I): −$1,148
• Tax from tax record: −$225 /mo · $2,702/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $-79

Break-even live

Break-even rent $1,854

Max offer price $204,995

Occupancy floor 100%

Sensitivity live

Price	-10% $45	-5% $-17	+0% $-79	+5% $-141	+10% $-203
Rent	-10% $-218	-5% $-149	+0% $-79	+5% $-10	+10% $59
Rate	-1.0pp $31	-0.5pp $-24	base $-79	+0.5pp $-136	+1.0pp $-194

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 6 events

1. 2026-05-13
   status Under Contract
2. 2026-05-12
   listed $219,000 Active
3. 2013-07-26
   soldstatus $103,500 669-char remark

   Show marketing remark (669 chars)

   Looking for one level? Look no further. This immaculate custom built stand alone condo has the room you'll need when the family comes over. The condo has an extra large living along with a nice size eat in kitchen. The 2 nice size bedroom along with an office will surely fit your needs. All the appliances stay in the kitchen along with the washer and dryer. lets not forget about the 3 car garage along with the extra large concrete driveway which would hold up to 6 cars. Newer flooring thought out and an patio off the kit for those summer nights. Economical Geothermal heating and air condition. Nothing to do by move in. Call today to set up your private showing.

4. 2013-07-26
   soldstatus $103,500

   Show marketing remark (669 chars)

   Looking for one level? Look no further. This immaculate custom built stand alone condo has the room you'll need when the family comes over. The condo has an extra large living along with a nice size eat in kitchen. The 2 nice size bedroom along with an office will surely fit your needs. All the appliances stay in the kitchen along with the washer and dryer. lets not forget about the 3 car garage along with the extra large concrete driveway which would hold up to 6 cars. Newer flooring thought out and an patio off the kit for those summer nights. Economical Geothermal heating and air condition. Nothing to do by move in. Call today to set up your private showing.

5. 2013-03-15
   listed $114,000 669-char remark

   Show marketing remark (669 chars)

   Looking for one level? Look no further. This immaculate custom built stand alone condo has the room you'll need when the family comes over. The condo has an extra large living along with a nice size eat in kitchen. The 2 nice size bedroom along with an office will surely fit your needs. All the appliances stay in the kitchen along with the washer and dryer. lets not forget about the 3 car garage along with the extra large concrete driveway which would hold up to 6 cars. Newer flooring thought out and an patio off the kit for those summer nights. Economical Geothermal heating and air condition. Nothing to do by move in. Call today to set up your private showing.

6. 1999-08-13
   soldstatus $125,200

ⓘ 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: $2,702 · $225/mo
• Projected year-2 tax: $3,059 · $255/mo
• Expected delta: +$357/yr (+$30/mo · 13.2%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,047
• − Mortgage interest: −$12,267
• − Property taxes: −$2,702
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,684
• − Management: −$1,684
• − Depreciation: −$6,371
• Taxable loss: −$4,756
• Est. tax savings @ 24.0%: +$1,141
• After-tax cash flow: $190/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 — Madison

• Score: 75/100
• State rank: #250
• US rank: #3982

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madison, OH
• County: Lake · 224,932 people
• City population: 19,491
• 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

+74.9% since first listed

6 events — show timeline

• 2026-05-13 Pending — FSBO.com
• 2026-05-12 Listed $219,000 FSBO.com
• 2013-07-26 Sold (Public Records) $103,500 Public Records
• 2013-07-26 Sold (MLS) $103,500 MLSNOW
• 2013-03-15 Listed $114,000 MLSNOW
• 1999-08-13 Sold (Public Records) $125,200 Public Records

Property tax history

+1.6%/yr

Latest (2025): $2,702 · -1.9% YoY. Source: county tax records.