32082 Tuscan Ln

Avon Lake, OH 44012

$530,913D-

3 bd · 2.5 ba · 2,438 sqft · Built 2026 · Townhouse · Active · 95 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $4,570/mo
• Mortgage (P&I): −$2,784
• Tax + insurance: −$885
• HOA: −$0
• Vac / Maint / Mgmt: −$960
• Net cashflow: $-59/mo
• Annual: $-703/yr
• Cap rate: 6.16%
• Cash-on-cash: -0.47%
• DSCR: 0.98
• 1% rule: 0.86%
• Cash to close: $148,656

Investor read

• This is a 3-bed/2.5-bath townhouse listed at $531k. Condition is rated poor.
• At list price, monthly cash flow is $-59 ($-703/yr) — negative.
• To cash-flow at today's rent, offer at most $522k (1.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $457k (13.9% below list).
• It's been on market 95 days — a 9% lower offer ($483k) is reasonable based on typical stale-listing flexibility.
• Recommended offer: $457k (13.9% below list) — sets the bar for 1% rule.
• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k of value loss. Plan a longer hold.
• Location reads 84/100 on livability (#52 in OH, #736 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, housing A+; Watch: commute F.
• Avon Lake City (suburban): math 78% / reading 80% proficiency, ranked #48 of 656 in OH (top 7%) — strong family-tenant draw, lease renewals of 3-5y typical; only 10% free/reduced lunch — higher-income household profile.
• Zoned schools: Eastview Elementary School (math 92% / reading 77%, grade A+, #68 of 1,584 statewide, top 6%, 382 students, 7% FRL); Troy Intermediate Elementary School (math 76% / reading 82%, grade A+, #54 of 654 statewide, top 9%, 549 students, 12% FRL); Avon Lake High School (math 67% / reading 87%, grade A-, #56 of 781 statewide, top 8%, 1,152 students, 11% FRL) — zoned schools at 10% FRL track the district average.
• Market conditions: 183 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• Cap rate 6.2% vs local median 3.1% in Avon Lake — 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.
• At $4,570/mo this rent would consume 47% of the median local household income ($116k/yr) (locally 290% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Questions for listing agent

• 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?
• It's been on market 95 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
• Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
• Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• Schools are A-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?
• 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?
• 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.

Repairs flagged (vision-AI assessment)

• Major: roof — Significant damage and potential leaks.
• Major: exterior siding — Severe wear and possible rot.
• Major: flooring — Severe wear and tear.
• Major: interior walls/paint — Severe wear and peeling paint.
• Major: HVAC system — Visible rust and potential leaks.
• Major: landscaping — Sparse vegetation and minimal landscaping features.