2 Bed 1 Bath Single Section Plan · North Ridgeville, OH 44039

$54,900

2 bd · 1.0 ba · 768 sqft · Manufactured · 248 Days on market

Fair condition ↓ 14% since listing

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Why this score? — see what drove the B 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
• ARV discount +7.5/15.0
• Schools +4.8/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Northridge Cove, where your dream lifestyle begins! Our community boasts proximity to popular restaurants, shops, and entertainment hubs. Your children will excel in the esteemed North Ridgeville City School District, including North Ridgeville High School. Nature enthusiasts will love being just 5 minutes from Bradley Woods Reservation and a short drive from Bunns Lake Wildlife Area. With easy access to U. S. Highway 20 and Interstates 480 and 80, the world is at your doorstep. Plus, you're a mere 20 minutes from the tranquil shores of Huntington Beach on Lake Erie. Elevate your lifestyle with a barbecue area, a pet-friendly atmosphere, and a fun-filled playground for the kids. Northridge Cove is dedicated to your well-being. Benefit from on-site management, maintenance services, an easy home-buying process at our sales office, beautifully landscaped grounds, and well-lit streets for added security. If you seek a quiet community with top-notch amenities, look no further than Northridge Cove. Contact us today to schedule a private tour and make Northridge Cove your new home!

Key facts

• Barbecue area
• On site management
• Playground

Tags

• BRADLEY WOODS RESERVATION
• BUNNS LAKE WILDLIFE AREA
• BARBECUE AREA
• PET FRIENDLY ATMOSPHERE
• PLAYGROUND
• ON SITE MANAGEMENT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $55k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $760 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $48k (12.0% below list) — sets the bar for market timing.
• Cap rate 22.9% vs local median 3.3% in North Ridgeville — 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 74/100 on livability (#305 in OH, #4,924 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• North Ridgeville City (suburban): math 49% / reading 61% proficiency, ranked #339 of 656 in OH (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 206 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent is only 18% of the median local income ($96k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 248 days — a 12% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $9k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $48,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 248 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 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: 2.63% ✓
• Cap rate: 22.90%
• Cash-on-cash: 59.30%
• DSCR: 3.64
• GRM: 3.2

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: 58.0%
• Equity multiple: 3.57×
• Total profit: $39,505
• Equity at exit: $8,186

10-year hold

• IRR: 62.8%
• Equity multiple: 7.30×
• Total profit: $96,784
• Equity at exit: $4,747

Cash invested: $15,372 (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 44039

• Active inventory: 206
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,442 medium
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $824/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $760

Break-even live

Break-even rent $480

Max offer price $54,900

Occupancy floor 42%

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6610 Lear Nagle Rd #30 North Ridgeville, OH	1.0	1.0	560	$1,099	$1.96	17d	1	0.02mi
27380 Cook Rd Olmsted Twp, OH	2.0	2.0	1123	$2,145	$1.91	1d	2	1.07mi
35143 Bainbridge Rd North Ridgeville, OH	3.0	1.0	1096	$1,979	$1.81	4d	1	1.22mi

Listing history 20 events

1. 2026-06-18
   days on market $54,900 Active 248 DOM
2. 2026-06-17
   days on market $54,900 Active 247 DOM
3. 2026-06-16
   days on market $54,900 Active 246 DOM
4. 2026-06-15
   days on market $54,900 Active 245 DOM
5. 2026-06-13
   days on market $54,900 Active 243 DOM
6. 2026-06-09
   days on market $54,900 Active 239 DOM
7. 2026-06-08
   days on market $54,900 Active 238 DOM
8. 2026-06-07
   days on market $54,900 Active 237 DOM
9. 2026-06-05
   days on market $54,900 Active 234 DOM
10. 2026-06-03
    days on market $54,900 Active 233 DOM
11. 2026-06-02
    days on market $54,900 Active 232 DOM
12. 2026-06-01
    days on market $54,900 Active 231 DOM
13. 2026-05-31
    days on market $54,900 Active 230 DOM
14. 2026-05-14
    status Active 1102-char remark

    Show marketing remark (1102 chars)

    Welcome to Northridge Cove, where your dream lifestyle begins! Our community boasts proximity to popular restaurants, shops, and entertainment hubs. Your children will excel in the esteemed North Ridgeville City School District, including North Ridgeville High School. Nature enthusiasts will love being just 5 minutes from Bradley Woods Reservation and a short drive from Bunns Lake Wildlife Area. With easy access to U. S. Highway 20 and Interstates 480 and 80, the world is at your doorstep. Plus, you're a mere 20 minutes from the tranquil shores of Huntington Beach on Lake Erie. Elevate your lifestyle with a barbecue area, a pet-friendly atmosphere, and a fun-filled playground for the kids. Northridge Cove is dedicated to your well-being. Benefit from on-site management, maintenance services, an easy home-buying process at our sales office, beautifully landscaped grounds, and well-lit streets for added security. If you seek a quiet community with top-notch amenities, look no further than Northridge Cove. Contact us today to schedule a private tour and make Northridge Cove your new home!

15. 2026-05-14
    price $54,900 1102-char remark

    Show marketing remark (1102 chars)

    Welcome to Northridge Cove, where your dream lifestyle begins! Our community boasts proximity to popular restaurants, shops, and entertainment hubs. Your children will excel in the esteemed North Ridgeville City School District, including North Ridgeville High School. Nature enthusiasts will love being just 5 minutes from Bradley Woods Reservation and a short drive from Bunns Lake Wildlife Area. With easy access to U. S. Highway 20 and Interstates 480 and 80, the world is at your doorstep. Plus, you're a mere 20 minutes from the tranquil shores of Huntington Beach on Lake Erie. Elevate your lifestyle with a barbecue area, a pet-friendly atmosphere, and a fun-filled playground for the kids. Northridge Cove is dedicated to your well-being. Benefit from on-site management, maintenance services, an easy home-buying process at our sales office, beautifully landscaped grounds, and well-lit streets for added security. If you seek a quiet community with top-notch amenities, look no further than Northridge Cove. Contact us today to schedule a private tour and make Northridge Cove your new home!

16. 2026-03-04
    historical 1102-char remark

    Show marketing remark (1102 chars)

    Welcome to Northridge Cove, where your dream lifestyle begins! Our community boasts proximity to popular restaurants, shops, and entertainment hubs. Your children will excel in the esteemed North Ridgeville City School District, including North Ridgeville High School. Nature enthusiasts will love being just 5 minutes from Bradley Woods Reservation and a short drive from Bunns Lake Wildlife Area. With easy access to U. S. Highway 20 and Interstates 480 and 80, the world is at your doorstep. Plus, you're a mere 20 minutes from the tranquil shores of Huntington Beach on Lake Erie. Elevate your lifestyle with a barbecue area, a pet-friendly atmosphere, and a fun-filled playground for the kids. Northridge Cove is dedicated to your well-being. Benefit from on-site management, maintenance services, an easy home-buying process at our sales office, beautifully landscaped grounds, and well-lit streets for added security. If you seek a quiet community with top-notch amenities, look no further than Northridge Cove. Contact us today to schedule a private tour and make Northridge Cove your new home!

17. 2026-01-15
    price $71,900 1102-char remark

    Show marketing remark (1102 chars)

    Welcome to Northridge Cove, where your dream lifestyle begins! Our community boasts proximity to popular restaurants, shops, and entertainment hubs. Your children will excel in the esteemed North Ridgeville City School District, including North Ridgeville High School. Nature enthusiasts will love being just 5 minutes from Bradley Woods Reservation and a short drive from Bunns Lake Wildlife Area. With easy access to U. S. Highway 20 and Interstates 480 and 80, the world is at your doorstep. Plus, you're a mere 20 minutes from the tranquil shores of Huntington Beach on Lake Erie. Elevate your lifestyle with a barbecue area, a pet-friendly atmosphere, and a fun-filled playground for the kids. Northridge Cove is dedicated to your well-being. Benefit from on-site management, maintenance services, an easy home-buying process at our sales office, beautifully landscaped grounds, and well-lit streets for added security. If you seek a quiet community with top-notch amenities, look no further than Northridge Cove. Contact us today to schedule a private tour and make Northridge Cove your new home!

18. 2026-01-15
    status Active 1102-char remark

    Show marketing remark (1102 chars)

    Welcome to Northridge Cove, where your dream lifestyle begins! Our community boasts proximity to popular restaurants, shops, and entertainment hubs. Your children will excel in the esteemed North Ridgeville City School District, including North Ridgeville High School. Nature enthusiasts will love being just 5 minutes from Bradley Woods Reservation and a short drive from Bunns Lake Wildlife Area. With easy access to U. S. Highway 20 and Interstates 480 and 80, the world is at your doorstep. Plus, you're a mere 20 minutes from the tranquil shores of Huntington Beach on Lake Erie. Elevate your lifestyle with a barbecue area, a pet-friendly atmosphere, and a fun-filled playground for the kids. Northridge Cove is dedicated to your well-being. Benefit from on-site management, maintenance services, an easy home-buying process at our sales office, beautifully landscaped grounds, and well-lit streets for added security. If you seek a quiet community with top-notch amenities, look no further than Northridge Cove. Contact us today to schedule a private tour and make Northridge Cove your new home!

19. 2026-01-01
    historical 1102-char remark

    Show marketing remark (1102 chars)

    Welcome to Northridge Cove, where your dream lifestyle begins! Our community boasts proximity to popular restaurants, shops, and entertainment hubs. Your children will excel in the esteemed North Ridgeville City School District, including North Ridgeville High School. Nature enthusiasts will love being just 5 minutes from Bradley Woods Reservation and a short drive from Bunns Lake Wildlife Area. With easy access to U. S. Highway 20 and Interstates 480 and 80, the world is at your doorstep. Plus, you're a mere 20 minutes from the tranquil shores of Huntington Beach on Lake Erie. Elevate your lifestyle with a barbecue area, a pet-friendly atmosphere, and a fun-filled playground for the kids. Northridge Cove is dedicated to your well-being. Benefit from on-site management, maintenance services, an easy home-buying process at our sales office, beautifully landscaped grounds, and well-lit streets for added security. If you seek a quiet community with top-notch amenities, look no further than Northridge Cove. Contact us today to schedule a private tour and make Northridge Cove your new home!

20. 2025-07-19
    listed $63,900 Active 1102-char remark

    Show marketing remark (1102 chars)

    Welcome to Northridge Cove, where your dream lifestyle begins! Our community boasts proximity to popular restaurants, shops, and entertainment hubs. Your children will excel in the esteemed North Ridgeville City School District, including North Ridgeville High School. Nature enthusiasts will love being just 5 minutes from Bradley Woods Reservation and a short drive from Bunns Lake Wildlife Area. With easy access to U. S. Highway 20 and Interstates 480 and 80, the world is at your doorstep. Plus, you're a mere 20 minutes from the tranquil shores of Huntington Beach on Lake Erie. Elevate your lifestyle with a barbecue area, a pet-friendly atmosphere, and a fun-filled playground for the kids. Northridge Cove is dedicated to your well-being. Benefit from on-site management, maintenance services, an easy home-buying process at our sales office, beautifully landscaped grounds, and well-lit streets for added security. If you seek a quiet community with top-notch amenities, look no further than Northridge Cove. Contact us today to schedule a private tour and make Northridge Cove your new home!

ⓘ 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 2/10 Low 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,301
• − Mortgage interest: −$3,075
• − Property taxes: −$824
• − Insurance: −$274
• − Repairs & maintenance: −$1,384
• − Management: −$1,384
• − Depreciation: −$1,597
• Taxable income: $8,763
• Est. tax owed @ 24.0%: −$2,103
• After-tax cash flow: $7,012/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 · 7 photos

Fair 45/100 Moderate rehab

The home is in fair condition with some minor repairs and maintenance needed. Improving the landscaping and fence will significantly enhance its curb appeal and increase its value.

Repairs flagged

• Minor Fence — The fence appears to have some wear and tear, but it is not severely damaged.
• Minor Landscaping — The landscaping shows signs of overgrowth and needs trimming and maintenance.

Value-add opportunities

• Both Landscaping and fence maintenance — Improving the landscaping and fence will enhance the curb appeal and increase both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Fence · The fence appears to have some wear and tear, but it is not severely damaged.	Minor	$500–3,000
Landscaping · The landscaping shows signs of overgrowth and needs trimming and maintenance.	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Landscaping and fence maintenance — Improving the landscaping and fence will enhance the curb appeal and 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: North Ridgeville City
• NCES district ID: 3904453
• Math proficiency: 49% ▼ -21.00%
• Reading proficiency: 61% ▼ -11.00%
• Median HH income: $66,437
• Composite: 48.46/100
• National rank: #2130
• State rank: #339 of 656 in OH

Livability — North Ridgeville

• Score: 74/100
• State rank: #305
• US rank: #4924

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Ridgeville, OH
• County: Lorain County · 219,437 people
• City population: 36,780
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 36,780
• Household income: $96,485
• Rent vs Own: 10.1% rent · 89.9% own
• Severe rent burden: 207.0

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 (87%)
• Race & ethnicity: White 87% Hispanic / Latino 7% Two or more races 6% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 9% Slovak 3% Lithuanian 3%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 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: ▼ -160.14%
• Current HPI: 210.6074
• Rent YoY: —
• 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

-14.1% since first listed

7 events — show timeline

• 2026-05-14 Relisted — Zillow
• 2026-05-14 Price Changed $54,900 Zillow
• 2026-03-04 Delisted — Zillow
• 2026-01-15 Relisted — Zillow
• 2026-01-15 Price Changed $71,900 Zillow
• 2026-01-01 Delisted — Zillow
• 2025-07-19 Listed $63,900 Zillow