11377 Township Road 266 #10 · Chippewa Park, OH 43331

$86,900

1 bd · 1.0 ba · 400 sqft · Manufactured · 28 Days on market

Built 2020 Good condition Est $65k · 33% over

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Why this score? — see what drove the C+ 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 +29.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Schools +5.3/10.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Don't miss out on this beautiful, 2020 Kroft park model located in Indian Lake Estates. The park has recently converted to part time or full time living and has many amenities for one to enjoy. Inside, the home features a spacious open living room and kitchen concept. Two additional sleeping areas in the split loft, 1) with a queen bed, separate AC and TV, the second loft offers a pillowtop queen bed that makes for plenty of room for family and guests. Most everything stays with the home, making this an easy, turnkey move. The community offers a wide range of amenities, including a generous parking area near the entrance, a shelter house, an inground pool, new asphalt roads, putt-putt and b

Key facts

• Inground pool
• Loft sleeping area
• Swing set

Tags

• OPEN LIVING ROOM AND KITCHEN
• LOFT SLEEPING AREA
• GENEROUS PARKING AREA
• INGROUND POOL
• PUTT-PUTT AND BASKETBALL AREAS
• SWING SET

Property features AI

Finance

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

Exterior

• Utilities: Public sewer; Sewer connected
• Home design: Residential mobile home; Built in 2020
• Construction: Vinyl siding
• Exterior features: In-ground pool; Deck; Shared well; Lake-related waterfront; Leased lot / leased land

Interior

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

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $87k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $297 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $87k).
• Recommended offer: $86k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.4% 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: 112 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 $601 of loan paydown is wiped out by about $3k 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 $24k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($86k) is reasonable based on typical stale-listing flexibility.

Recommended offer $85,596 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.31% ✓
• Cap rate: 10.39%
• Cash-on-cash: 14.64%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $65,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11377 Township Road 266 #28	0.06mi	1/1.0	396 (-1%)	1mo	$77,500	$196	94
11377 Township Road 266 #3	0.06mi	1/1.0	396 (-1%)	7mo	$45,500	$115	90
11377 Township Rd 266 #66	0.06mi	2/1.0 (+1)	396 (-1%)	2mo	$75,000	$189	88
11377 Township Road 266 #98	0.00mi	2/1.0 (+1)	396 (-1%)	7mo	$102,000	$258	88
11377 Township Road 266 #57	0.00mi	2/1.0 (+1)	396 (-1%)	8mo	$45,000	$114	87
11377 Township Road 266 #30	0.06mi	2/1.0 (+1)	396 (-1%)	5mo	$40,000	$101	86
11377 Township Road 266 #75	0.06mi	2/1.0 (+1)	396 (-1%)	7mo	$79,000	$199	84
11377 Township Road 266 #70	0.06mi	2/1.0 (+1)	396 (-1%)	9mo	$97,500	$246	83
11377 Township Road 266 #77	0.06mi	1/1.0	432 (+8%)	8mo	$57,000	$132	78
11377 Township Road 266 #61	0.06mi	1/1.0	432 (+8%)	9mo	$56,000	$130	76
11377 Township Road 266 #15	0.06mi	1/1.0	432 (+8%)	9mo	$45,000	$104	76
11377 TR 266	0.06mi	1/1.0	367 (-8%)	9mo	$60,000	$163	76

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: 5.1%
• Equity multiple: 1.20×
• Total profit: $4,844
• Equity at exit: $12,957

10-year hold

• IRR: 14.6%
• Equity multiple: 2.18×
• Total profit: $28,635
• Equity at exit: $7,514

Cash invested: $24,332 (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: 112
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,136 medium
• Mortgage (P&I): −$456
• Tax est. 1.5%: −$109 /mo · $1,304/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $297

Break-even live

Break-even rent $760

Max offer price $86,900

Occupancy floor 69%

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: $21,725
• Closing costs: $2,607
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   price $86,900 Active 28 DOM
2. 2026-06-18
   days on market $89,000 Active 28 DOM
3. 2026-06-17
   days on market $89,000 Active 27 DOM
4. 2026-06-16
   days on market $89,000 Active 26 DOM
5. 2026-06-15
   days on market $89,000 Active 25 DOM
6. 2026-06-13
   days on market $89,000 Active 23 DOM
7. 2026-06-12
   days on market $89,000 Active 22 DOM
8. 2026-06-09
   days on market $89,000 Active 19 DOM
9. 2026-06-08
   days on market $89,000 Active 18 DOM
10. 2026-06-08
    days on market $89,000 Active 17 DOM
11. 2026-06-07
    days on market $89,000 Active 16 DOM
12. 2026-06-04
    days on market $89,000 Active 13 DOM
13. 2026-06-02
    days on market $89,000 Active 12 DOM
14. 2026-06-01
    days on market $89,000 Active 11 DOM
15. 2026-05-31
    days on market $89,000 Active 10 DOM
16. 2026-05-21
    listed $89,000 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 ≥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: $13,632
• − Mortgage interest: −$4,868
• − Property taxes: −$1,304
• − Insurance: −$434
• − Repairs & maintenance: −$1,091
• − Management: −$1,091
• − Depreciation: −$2,528
• Taxable income: $2,317
• Est. tax owed @ 24.0%: −$556
• After-tax cash flow: $3,006/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 · 2 photos

Good 80/100 Cosmetic rehab

This 2020 Kroft park model is in excellent condition with no visible repairs needed. It offers a good return on investment with potential for both resale and rental value through minor cosmetic improvements.

Value-add opportunities

• Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value
• Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Enhances curb appeal and can increase both resale and rental value ↑
• Both Landscaping improvements — Enhances curb appeal and can increase both resale and rental 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

1 event — show timeline

• 2026-05-21 Listed $89,000 WRIST