135 Inglewood Pl · Elyria, OH 44035

$69,000

3 bd · 2.0 ba · 1,216 sqft · SingleFamily · 101 Days on market

Built 2021 Good condition Est $49k · 42% over ↓ 4% since listing

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.2/5.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Schools +2.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Discover comfort and convenience in this beautifully maintained manufactured home, located in the desirable West Ridge Green Mobile Home Community! Built in 2021, this 3 bedroom, 2 bath home features a bright open-concept with a spacious living room and large eat-in kitchen, with ALL appliances included! This residence also comes with an additional, transferrable home warranty that provides coverage to the property until February 25th 2027. The master suite includes its own private, full bathroom and walk in closet, while the two additional bedrooms provide plenty of space for family, guests or a home office. Outside you have a lot with room to relax and enjoy the peaceful surroundings, whi

Key facts

• Open-concept
• Large eat-in kitchen
• Manufactured home

Tags

• MANUFACTURED HOME
• OPEN-CONCEPT
• LARGE EAT-IN KITCHEN
• TRANSFERRABLE HOME WARRANTY
• PRIVATE FULL BATHROOM
• WALK IN CLOSET

Property features AI

Finance

• Financial info: Has land lease with a monthly amount
• HOA & community: HOA covers parking, recreation facilities, snow removal and trash; Community amenities include common grounds, playground and pool

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer
• Home design: Single-story home; Vinyl siding construction; Asphalt/fiberglass roof; Built by builder; Has home warranty
• Construction: Vinyl siding; Asphalt and fiberglass roofing; Builder-reported year built
• Exterior features: Playground; Private outdoor, in-ground community pool

Interior

• Kitchen: Refrigerator; Range; Microwave; Dishwasher
• Bedrooms: 3 main-level bedrooms
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Electric forced-air heating; Heat pump; Central air
• Interior features: Eat-in kitchen; Kitchen island; Smart thermostat; Walk-in closet(s); Window treatments
• Laundry & utility: Washer hookup; Electric dryer hookup; Main-level laundry (in unit)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $69k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $396 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $63k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.2% vs local median 3.8% in Elyria — 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 75/100 on livability (#243 in OH, #3,869 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools C-, employment D, commute F.
• Elyria City Schools (urban): math 21% / reading 37% proficiency, ranked #586 of 656 in OH (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.7%/yr); 356 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.7% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 101 days — a 9% lower offer ($63k) is reasonable based on typical stale-listing flexibility.

Recommended offer $62,790 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.60% ✓
• Cap rate: 13.17%
• Cash-on-cash: 24.57%
• DSCR: 2.09
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $48,640
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 Cedar Brook Dr	0.11mi	3/2.0	1,246 (+2%)	20mo	$50,000	$40	74
215 Hickory Cir	0.40mi	3/2.0	1,248 (+3%)	17mo	$25,000	$20	63
219 Hickory Cir	0.40mi	2/2.0 (-1)	1,300 (+7%)	9mo	$15,000	$12	57
209 Twin Lake Dr	0.42mi	3/2.0	1,344 (+10%)	9mo	$40,900	$30	55
241 Twin Lake Dr	0.26mi	2/2.0 (-1)	1,350 (+11%)	12mo	$35,000	$26	54
138 Valley Forge Cir	0.54mi	3/1.5	1,372 (+13%)	1mo	$155,000	$113	50
343 Ashwood Dr	0.40mi	2/2.0 (-1)	1,312 (+8%)	22mo	$25,000	$19	45
2161 Fowl Rd	0.75mi	3/3.0	1,352 (+11%)	0mo	$330,000	$244	42
130 W Spring Dr	0.75mi	2/2.0 (-1)	1,350 (+11%)	1mo	$235,000	$174	41
116 West Spring Dr	0.72mi	2/2.0 (-1)	1,380 (+14%)	17mo	$246,900	$179	25
128 W Spring Dr	0.75mi	2/2.0 (-1)	1,388 (+14%)	17mo	$219,900	$158	22

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 · 6.74% rent growth · sell at horizon

5-year hold

• IRR: 22.1%
• Equity multiple: 1.95×
• Total profit: $18,343
• Equity at exit: $10,288

10-year hold

• IRR: 32.5%
• Equity multiple: 4.50×
• Total profit: $67,596
• Equity at exit: $5,966

Cash invested: $19,320 (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 44035

• Rents YoY: 6.7%
• Active inventory: 356
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,104 high
• Mortgage (P&I): −$362
• Tax est. 1.5%: −$86 /mo · $1,035/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $396

Break-even live

Break-even rent $604

Max offer price $69,000

Occupancy floor 59%

Sensitivity live

Price	-10% $443	-5% $419	+0% $396	+5% $372	+10% $348
Rent	-10% $308	-5% $352	+0% $396	+5% $439	+10% $483
Rate	-1.0pp $430	-0.5pp $413	base $396	+0.5pp $378	+1.0pp $360

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
235 Cedar Brook Dr Elyria, OH	3.0	2.0	924	$1,150	$1.24	2d	1	0.11mi
1891 Turner Blvd Elyria, OH	2.0	1.0	700	$875	$1.25	4d	1	0.61mi
1891 Turner Blvd Unit H Elyria, OH	2.0	1.0	700	$875	$1.25	8d	1	0.61mi
1875 Turner Blvd Unit D Elyria, OH	2.0	1.0	700	$850	$1.21	44d	1	0.62mi
1875 Turner Blvd Elyria, OH	2.0	1.0	700	$840	$1.20	2d	1	0.62mi
1877 Turner Blvd Elyria, OH	2.0	1.0	700	$850	$1.21	2d	1	0.64mi

Listing history 16 events

1. 2026-06-18
   days on market $69,000 Active 101 DOM
2. 2026-06-18
   price $69,000 Active 100 DOM
3. 2026-06-17
   days on market $73,000 Active 100 DOM
4. 2026-06-16
   days on market $73,000 Active 99 DOM
5. 2026-06-15
   days on market $73,000 Active 98 DOM
6. 2026-06-13
   days on market $73,000 Active 96 DOM
7. 2026-06-13
   days on market $73,000 Active 95 DOM
8. 2026-06-09
   days on market $73,000 Active 92 DOM
9. 2026-06-08
   days on market $73,000 Active 91 DOM
10. 2026-06-07
    days on market $73,000 Active 90 DOM
11. 2026-06-03
    days on market $73,000 Active 86 DOM
12. 2026-06-02
    days on market $73,000 Active 85 DOM
13. 2026-06-01
    days on market $73,000 Active 84 DOM
14. 2026-05-31
    days on market $73,000 Active 83 DOM
15. 2026-04-30
    price $76,000
16. 2026-03-09
    listed $79,500 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 ≥98°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,252
• − Mortgage interest: −$3,865
• − Property taxes: −$1,035
• − Insurance: −$345
• − Repairs & maintenance: −$1,060
• − Management: −$1,060
• − Depreciation: −$2,007
• Taxable income: $3,880
• Est. tax owed @ 24.0%: −$931
• After-tax cash flow: $3,816/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

Good 80/100 Cosmetic rehab

This well-maintained manufactured home in a desirable community is in good condition and ready for a new owner. It features a bright open-concept layout, modern appliances, and a spacious living area.

Value-add opportunities

• Resale Paint the exterior siding — Painting the exterior siding can improve the home's curb appeal and make it more attractive to potential buyers.
• Resale Replace any damaged windows — Replacing damaged windows can improve the home's energy efficiency and make it more attractive to potential buyers.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior siding — Painting the exterior siding can improve the home's curb appeal and make it more attractive to potential buyers. ↑
• Resale Replace any damaged windows — Replacing damaged windows can improve the home's energy efficiency and make it more attractive to potential buyers. ↑

ⓘ 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: Elyria City Schools
• NCES district ID: 3904394
• Math proficiency: 21% ▼ -25.00%
• Reading proficiency: 37% ▼ -15.00%
• Median HH income: $40,992
• Composite: 24.45/100
• National rank: #7670
• State rank: #586 of 656 in OH

Livability — Elyria

• Score: 75/100
• State rank: #243
• US rank: #3869

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elyria, OH
• County: Lorain County · 219,437 people
• City population: 62,179
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 62,179
• Household income: $56,408
• Rent vs Own: 37.3% rent · 62.7% own
• Severe rent burden: 2229.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Two or more races 12% Black 11% Hispanic / Latino 10% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · China, Canada
• Languages at home: 94% English-only · Spanish 4% Chinese 1%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -139.09%
• Current HPI: 199.7354
• Rent YoY: ▲ 6.74%
• Metro: Cleveland-Elyria, OH
• 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

-4.4% since first listed

2 events — show timeline

• 2026-04-30 Price Changed $76,000 MLSNOW
• 2026-03-09 Listed $79,500 MLSNOW