315 Parkview Dr #141 · Bowling Green, OH 43402

$42,900

2 bd · 2.0 ba · 1,216 sqft · Manufactured · 7 Days on market

Built 2000 Good condition Est $77k · 44% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.5/5.0
• Schools +4.1/10.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this move in ready home available in Maple Hill M. H. Park. Beautiful open concept living room, kitchen & dining with 2 beds & 2 full bath, laundry closet with washer/dryer and kitchen appliances included. Updates include: New Roof 2025, Central Air 2021, New insulation & insulated pipes underneath, plus new skirting in some areas. Carport and covered Deck wraps around the front and half of one side with a ramp for Wheelchair accessibility. There is a 12x8 Shed included for added storage. Lot Rent is $415. Must have pre-approved application from the park office to present with offer. Bank pre-approval or POF required for Cash offers.

Key facts

• 2 parking spots
• Built 2000
• Listed 7 days

Property features AI

Finance

• HOA & community: Maple Hill Mobile Home Park; Curbs in community; Land lease in effect

Exterior

• Parking: Attached carport (1 space); Total parking for 2 vehicles; Driveway; Concrete parking surfaces
• Security: Smoke detector(s)
• Utilities: Cable available; Electricity connected; Natural gas connected; Public water; Public sewer; Internet available; Sewer connected; Water connected
• Home design: Residential mobile home (single wide); One story; Entry level on main level; Shingle roof; Skirting: vinyl
• Construction: Vinyl siding; Foundation: slab / other; Built year per public records
• Exterior features: Awning(s); Private yard; Ramped access / accessible approach with ramp; Storage shed(s); Private entrance; Deck; Front, side and covered porches; Level lot; No-throughway road frontage; Asphalt road surface

Interior

• Kitchen: Gas range; Microwave; Refrigerator; Breakfast bar / eat-in kitchen
• Bedrooms: Bedroom 2 on main level; Total of 5 rooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Has heating and cooling
• Interior features: Breakfast bar; Eat-in kitchen; Walk-in closet(s); Primary bathroom; Separate shower
• Laundry & utility: Washer and dryer in unit

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $43k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $629 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $43k).
• Cap rate 23.9% vs local median 2.6% in Bowling Green — 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 90/100 on livability (#8 in OH, #71 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: employment F.
• Bowling Green City School District (town): math 40% / reading 58% proficiency, ranked #469 of 656 in OH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Crim Elementary School (math 42% / reading 52%, grade D-, #942 of 1,584 statewide, top 61%, 353 students, 62% FRL); Bowling Green Middle School (math 41% / reading 53%, grade D+, #451 of 654 statewide, top 70%, 630 students, 32% FRL); Bowling Green High School (math 29% / reading 65%, grade D-, #435 of 781 statewide, top 59%, 807 students, 23% FRL).
• Market conditions: 105 active listings in the ZIP; 493 units permitted in Wood County in 2024 (48 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $297 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Wood County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $42,900

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 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?
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: 2.73% ✓
• Cap rate: 23.89%
• Cash-on-cash: 62.85%
• DSCR: 3.80
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $76,608
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1048 N Main St #103	0.18mi	3/2.0 (+1)	1,216 (0%)	2mo	$76,900	$63	85

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: 61.8%
• Equity multiple: 3.76×
• Total profit: $33,138
• Equity at exit: $6,397

10-year hold

• IRR: 66.4%
• Equity multiple: 7.70×
• Total profit: $80,526
• Equity at exit: $3,709

Cash invested: $12,012 (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 43402

• Active inventory: 105
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,172 medium
• Mortgage (P&I): −$225
• Tax est. 1.5%: −$54 /mo · $644/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $629

Break-even live

Break-even rent $375

Max offer price $42,900

Occupancy floor 41%

Sensitivity live

Price	-10% $659	-5% $644	+0% $629	+5% $614	+10% $600
Rent	-10% $537	-5% $583	+0% $629	+5% $675	+10% $722
Rate	-1.0pp $651	-0.5pp $640	base $629	+0.5pp $618	+1.0pp $607

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: $10,725
• Closing costs: $1,287
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-14
   statusdays on market $42,900 Pending 7 DOM
2. 2026-06-10
   days on market $42,900 Active 5 DOM
3. 2026-06-09
   days on market $42,900 Active 4 DOM
4. 2026-06-08
   days on market $42,900 Active 3 DOM
5. 2026-06-07
   statusdays on market $42,900 Active 2 DOM
6. 2026-06-03
   days on market $42,900 Coming Soon 18 DOM
7. 2026-06-02
   days on market $42,900 Coming Soon 17 DOM
8. 2026-06-01
   days on market $42,900 Coming Soon 16 DOM
9. 2026-05-31
   days on market $42,900 Coming Soon 15 DOM
10. 2026-05-30
    days on market $42,900 Coming Soon 14 DOM
11. 2026-05-16
    historical $42,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $14,060
• − Mortgage interest: −$2,403
• − Property taxes: −$644
• − Insurance: −$214
• − Repairs & maintenance: −$1,125
• − Management: −$1,125
• − Depreciation: −$1,248
• Taxable income: $7,302
• Est. tax owed @ 24.0%: −$1,752
• After-tax cash flow: $5,798/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 · 1 photo

Good 80/100 Cosmetic rehab

This move-in ready manufactured home is in good condition with recent updates, including a new roof and central air. It offers a good return on investment with potential for further value increases through cosmetic upgrades.

Value-add opportunities

• Both Paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace carport roof — A new roof on the carport would improve the home's appearance and functionality
• Resale Upgrade kitchen appliances — Upgraded appliances would attract more buyers
• Both Install smart home features — Smart home features improve convenience and appeal to potential buyers

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior and interior — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace carport roof — A new roof on the carport would improve the home's appearance and functionality ↑
• Resale Upgrade kitchen appliances — Upgraded appliances would attract more buyers ↑
• Both Install smart home features — Smart home features improve convenience and appeal 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: Bowling Green City School District
• NCES district ID: 3904363
• Math proficiency: 40% ▼ -27.00%
• Reading proficiency: 58% ▼ -10.00%
• Median HH income: $37,785
• Composite: 40.72/100
• National rank: #3661
• State rank: #469 of 656 in OH

Livability — Bowling Green

• Score: 90/100
• State rank: #8
• US rank: #71

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bowling Green, OH
• County: Wood County · 75,163 people
• City population: 31,393
• Metro: Toledo, OH
• Population (ZIP): 31,393
• Household income: $52,426
• Rent vs Own: 56.5% rent · 43.5% own
• Severe rent burden: 2629.0

Population outlook (Wood County) Hauer SSP2

• Today (2025): 138,744 people
• By 2030: 143,189 · +3.2%
• By 2040: 150,896 · +8.8%
• By 2050: 158,589 · +14.3%
• By 2075: 182,166 · +31.3%
• By 2100: 196,533 · +41.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Hispanic / Latino 7% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 8% Lithuanian 4% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Wood

• 2024 margin: R (+10.2) · D 44.4% · R 54.6%
• 2008→2024 swing: -17.3pp toward R · 2008: 7.1pp · 2024: -10.2pp
• All cycles: 2024: R+10.2 2020: R+7.6 2016: R+8.5 2012: D+4.2 2008: D+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.67%
• Current HPI: 179.1826
• Rent YoY: —
• Metro: Toledo, 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

1 event — show timeline

• 2026-05-16 Coming Soon $42,900 NORIS