7 Cardinal Dr · Hiram, OH 44234

$29,900

3 bd · 2.0 ba · 1,200 sqft · Manufactured public records · 72 Days on market

Built 1976 871 sqft lot $25/sqft · 55% below area $725/mo HOA · 41% of rent ↓ 25% since listing

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable Comfort & Convenience Await — Incredible Value Opportunity! Now offered at a newly reduced price, this nicely updated mobile home presents an excellent opportunity for affordable ownership with several meaningful upgrades already completed. The home is being sold AS IS, and the seller will make no repairs, making it ideal for buyers seeking value and the chance to add their own finishing touches. Step inside to a bright, welcoming interior highlighted by updated lighting in the kitchen and dining area—perfect for everyday living and entertaining. The kitchen features new upper cabinets, providing both additional storage and a refreshed look. Both bathrooms have been thoughtfully updated, with a brand-new toilet in the primary bath and a new shower head and faucet in the main bathroom. Major improvements include a brand-new hot water tank (2025) and the addition of a new storm door in the carport, enhancing curb appeal and protection from the elements. Please note, there is a minor roof leak. Whether you’re a first-time buyer, downsizing, or looking for low-maintenance living, this home offers solid updates, strong potential, and an unbeatable price point. Schedule your showing today and take advantage of this exceptional value opportunity.

Key facts

• Parking
• Built 1976
• Listed 72 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $30k.

Deal economics

• At list price, monthly cash flow is $473 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Recommended offer: $28k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#413 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Berkshire Local (town): math 52% / reading 60% proficiency, ranked #335 of 656 in OH (top 51%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 19% free/reduced lunch — higher-income household profile.
• Market conditions: 19 active listings in the ZIP; 220 units permitted in Geauga County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $897 of value loss. Plan a longer hold.
• Geauga County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($28k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $20k (40%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 41% of rent.

Recommended offer $28,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 5.95% ✓
• Cap rate: 25.29%
• Cash-on-cash: 67.85%
• DSCR: 4.02
• GRM: 1.4

CMA / ARV

• ARV (median comp): $72,991
• List price: $29,900
• Delta: -59.04%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 67.8%
• Equity multiple: 4.08×
• Total profit: $25,777
• Equity at exit: $4,458

10-year hold

• IRR: 72.2%
• Equity multiple: 8.55×
• Total profit: $63,188
• Equity at exit: $2,585

Cash invested: $8,372 (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 44234

• Active inventory: 19
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,778 medium
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$37 /mo · $448/yr
• Insurance: −$12
• HOA: −$725
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $473

Break-even live

Break-even rent $1,179

Max offer price $29,900

Occupancy floor 68%

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $725 · $8,700/yr
• Likely covers: water

Listing history 25 events

1. 2026-06-18
   days on market $29,900 Active 72 DOM
2. 2026-06-17
   days on market $29,900 Active 71 DOM
3. 2026-06-16
   days on market $29,900 Active 70 DOM
4. 2026-06-15
   days on market $29,900 Active 69 DOM
5. 2026-06-13
   days on market $29,900 Active 67 DOM
6. 2026-06-12
   remarks 693-char remark
7. 2026-06-12
   days on market $29,900 Active 66 DOM
8. 2026-06-09
   days on market $29,900 Active 63 DOM
9. 2026-06-08
   days on market $29,900 Active 62 DOM
10. 2026-06-07
    days on market $29,900 Active 61 DOM
11. 2026-06-07
    days on market $29,900 Active 60 DOM
12. 2026-06-04
    days on market $29,900 Active 57 DOM
13. 2026-06-02
    days on market $29,900 Active 56 DOM
14. 2026-06-01
    days on market $29,900 Active 55 DOM
15. 2026-05-31
    days on market $29,900 Active 54 DOM
16. 2026-05-12
    price $29,900 1295-char remark

    Show marketing remark (1295 chars)

    Affordable Comfort & Convenience Await — Incredible Value Opportunity! Now offered at a newly reduced price, this nicely updated mobile home presents an excellent opportunity for affordable ownership with several meaningful upgrades already completed. The home is being sold AS IS, and the seller will make no repairs, making it ideal for buyers seeking value and the chance to add their own finishing touches. Step inside to a bright, welcoming interior highlighted by updated lighting in the kitchen and dining area—perfect for everyday living and entertaining. The kitchen features new upper cabinets, providing both additional storage and a refreshed look. Both bathrooms have been thoughtfully updated, with a brand-new toilet in the primary bath and a new shower head and faucet in the main bathroom. Major improvements include a brand-new hot water tank (2025) and the addition of a new storm door in the carport, enhancing curb appeal and protection from the elements. Please note, there is a minor roof leak. Whether you’re a first-time buyer, downsizing, or looking for low-maintenance living, this home offers solid updates, strong potential, and an unbeatable price point. Schedule your showing today and take advantage of this exceptional value opportunity.

17. 2026-04-28
    price $34,900 1295-char remark

    Show marketing remark (1295 chars)

    Affordable Comfort & Convenience Await — Incredible Value Opportunity! Now offered at a newly reduced price, this nicely updated mobile home presents an excellent opportunity for affordable ownership with several meaningful upgrades already completed. The home is being sold AS IS, and the seller will make no repairs, making it ideal for buyers seeking value and the chance to add their own finishing touches. Step inside to a bright, welcoming interior highlighted by updated lighting in the kitchen and dining area—perfect for everyday living and entertaining. The kitchen features new upper cabinets, providing both additional storage and a refreshed look. Both bathrooms have been thoughtfully updated, with a brand-new toilet in the primary bath and a new shower head and faucet in the main bathroom. Major improvements include a brand-new hot water tank (2025) and the addition of a new storm door in the carport, enhancing curb appeal and protection from the elements. Please note, there is a minor roof leak. Whether you’re a first-time buyer, downsizing, or looking for low-maintenance living, this home offers solid updates, strong potential, and an unbeatable price point. Schedule your showing today and take advantage of this exceptional value opportunity.

18. 2026-04-15
    price $39,900 1295-char remark

    Show marketing remark (1295 chars)

    Affordable Comfort & Convenience Await — Incredible Value Opportunity! Now offered at a newly reduced price, this nicely updated mobile home presents an excellent opportunity for affordable ownership with several meaningful upgrades already completed. The home is being sold AS IS, and the seller will make no repairs, making it ideal for buyers seeking value and the chance to add their own finishing touches. Step inside to a bright, welcoming interior highlighted by updated lighting in the kitchen and dining area—perfect for everyday living and entertaining. The kitchen features new upper cabinets, providing both additional storage and a refreshed look. Both bathrooms have been thoughtfully updated, with a brand-new toilet in the primary bath and a new shower head and faucet in the main bathroom. Major improvements include a brand-new hot water tank (2025) and the addition of a new storm door in the carport, enhancing curb appeal and protection from the elements. Please note, there is a minor roof leak. Whether you’re a first-time buyer, downsizing, or looking for low-maintenance living, this home offers solid updates, strong potential, and an unbeatable price point. Schedule your showing today and take advantage of this exceptional value opportunity.

19. 2026-04-07
    listed $49,900 Active 1295-char remark

    Show marketing remark (1295 chars)

    Affordable Comfort & Convenience Await — Incredible Value Opportunity! Now offered at a newly reduced price, this nicely updated mobile home presents an excellent opportunity for affordable ownership with several meaningful upgrades already completed. The home is being sold AS IS, and the seller will make no repairs, making it ideal for buyers seeking value and the chance to add their own finishing touches. Step inside to a bright, welcoming interior highlighted by updated lighting in the kitchen and dining area—perfect for everyday living and entertaining. The kitchen features new upper cabinets, providing both additional storage and a refreshed look. Both bathrooms have been thoughtfully updated, with a brand-new toilet in the primary bath and a new shower head and faucet in the main bathroom. Major improvements include a brand-new hot water tank (2025) and the addition of a new storm door in the carport, enhancing curb appeal and protection from the elements. Please note, there is a minor roof leak. Whether you’re a first-time buyer, downsizing, or looking for low-maintenance living, this home offers solid updates, strong potential, and an unbeatable price point. Schedule your showing today and take advantage of this exceptional value opportunity.

20. 2024-09-13
    soldstatus $40,000 Closed 1069-char remark

    Show marketing remark (1069 chars)

    Welcome to this delightful manufactured home, where convenience meets comfort! The main floor boasts 3 generously sized bedrooms, including a serene master suite with its own en-suite bathroom for your privacy and relaxation. The two additional bedrooms share a second full bathroom, ensuring ample space for family or guests. The heart of this home is the spacious eat-in kitchen, designed with abundant storage and ample room for meal prep. It opens up to a welcoming living room, perfect for entertaining family and friends. This move-in ready home includes all appliances, making your transition seamless and hassle-free, while outside you will enjoy a large covered carport and shed for added storage! Nestled in the friendly Troy Oaks neighborhood, this home is just down the street from the picturesque Lake Ladue. Enjoy the serenity of the water, whether you're fishing, boating, or simply unwinding by the shore. This home is ready and waiting for you to move in and add your personal touches. Don't miss out on the opportunity to make it yours today!

21. 2024-09-07
    status Pending 1069-char remark

    Show marketing remark (1069 chars)

    Welcome to this delightful manufactured home, where convenience meets comfort! The main floor boasts 3 generously sized bedrooms, including a serene master suite with its own en-suite bathroom for your privacy and relaxation. The two additional bedrooms share a second full bathroom, ensuring ample space for family or guests. The heart of this home is the spacious eat-in kitchen, designed with abundant storage and ample room for meal prep. It opens up to a welcoming living room, perfect for entertaining family and friends. This move-in ready home includes all appliances, making your transition seamless and hassle-free, while outside you will enjoy a large covered carport and shed for added storage! Nestled in the friendly Troy Oaks neighborhood, this home is just down the street from the picturesque Lake Ladue. Enjoy the serenity of the water, whether you're fishing, boating, or simply unwinding by the shore. This home is ready and waiting for you to move in and add your personal touches. Don't miss out on the opportunity to make it yours today!

22. 2024-08-28
    listed $40,000 Active 1069-char remark

    Show marketing remark (1069 chars)

    Welcome to this delightful manufactured home, where convenience meets comfort! The main floor boasts 3 generously sized bedrooms, including a serene master suite with its own en-suite bathroom for your privacy and relaxation. The two additional bedrooms share a second full bathroom, ensuring ample space for family or guests. The heart of this home is the spacious eat-in kitchen, designed with abundant storage and ample room for meal prep. It opens up to a welcoming living room, perfect for entertaining family and friends. This move-in ready home includes all appliances, making your transition seamless and hassle-free, while outside you will enjoy a large covered carport and shed for added storage! Nestled in the friendly Troy Oaks neighborhood, this home is just down the street from the picturesque Lake Ladue. Enjoy the serenity of the water, whether you're fishing, boating, or simply unwinding by the shore. This home is ready and waiting for you to move in and add your personal touches. Don't miss out on the opportunity to make it yours today!

23. 2024-08-23
    soldstatus $40,500 Closed
24. 2024-08-16
    status Pending
25. 2024-07-19
    listed $40,000 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 2/10 Low 7 d/yr ≥95°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,342
• − Mortgage interest: −$1,675
• − Property taxes: −$448
• − Insurance: −$150
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − HOA: −$8,700
• − Depreciation: −$870
• Taxable income: $6,085
• Est. tax owed @ 24.0%: −$1,460
• After-tax cash flow: $4,220/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.

Schools (NCES district)

• District: Berkshire Local
• NCES district ID: 3904716
• Math proficiency: 52% ▼ -17.00%
• Reading proficiency: 60% ▼ -6.00%
• Median HH income: $58,347
• Composite: 48.53/100
• National rank: #2117
• State rank: #335 of 656 in OH

Livability — Hiram

• Score: 71/100
• State rank: #413
• US rank: #6814

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Portage · 165,699 people
• Metro: Akron, OH
• Population (ZIP): 4,078
• Household income: $73,519
• Rent vs Own: 16.0% rent · 84.0% own

Population outlook (Geauga County) Hauer SSP2

• Today (2025): 94,919 people
• By 2030: 94,804 · -0.1%
• By 2040: 92,641 · -2.4%
• By 2050: 88,198 · -7.1%
• By 2075: 79,080 · -16.7%
• By 2100: 60,856 · -35.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Italian 4% Romanian 4% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Vietnamese 1%

Political lean MEDSL · Geauga

• 2024 margin: Strong R (+24.1) · D 37.5% · R 61.7%
• 2008→2024 swing: -8.8pp toward R · 2008: -15.4pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.1 2016: R+25.5 2012: R+21.6 2008: R+15.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -125.69%
• Current HPI: 210.5904
• 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

-25.2% since first listed

10 events — show timeline

• 2026-05-12 Price Changed $29,900 MLSNOW
• 2026-04-28 Price Changed $34,900 MLSNOW
• 2026-04-15 Price Changed $39,900 MLSNOW
• 2026-04-07 Listed $49,900 MLSNOW
• 2024-09-13 Sold (MLS) $40,000 MLSNOW
• 2024-09-07 Pending — MLSNOW
• 2024-08-28 Listed $40,000 MLSNOW
• 2024-08-23 Sold (MLS) $40,500 MLSNOW
• 2024-08-16 Pending — MLSNOW
• 2024-07-19 Listed $40,000 MLSNOW