1229 Columbiana Lisbon Rd #100 · Columbiana, OH 44408

$57,000

2 bd · 1.5 ba · 1,120 sqft · SingleFamily · 25 Days on market

Built 1989

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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 +6.5/10.0
• 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

This 2 bedroom 1 bath mobile home is located in Southern Terrace Mobile Home Park in Columbiana. This is a 55+ community. This home is well maintained and move in ready. Large living room, oak kitchen with all appliances and pantry, and an abundance of cabinets. New draperies in living room and bedrooms. Vertical blinds on front windows. Master bedroom has 2 double closets. Laundry area with washer and dryer. Enclosed patio for a place to relax. Storage shed also included. Ready for you to move right in ! All residents must be approved by park management.

Key facts

• New furnace
• Oak cabinets
• Move in ready

Tags

• MOVE IN READY
• OAK CABINETS
• PANTRY SPACE
• WALK IN SHOWER
• NEW HALF BATH
• NEW FURNACE

Property features AI

Finance

• Other: Pets allowed
• Financial info: Has land lease with monthly land lease payment
• HOA & community: Monthly association fee; Located in a senior community

Exterior

• Parking: Driveway; Paved parking; No garage
• Utilities: Public water; Public sewer
• Home design: Single-story home; Vinyl siding exterior; Metal roof
• Construction: Constructed with vinyl siding; Metal roof; Year built from public records
• Exterior features: Patio; Porch; Shed(s)

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom; 1 half bathroom; 2 bathrooms on the main level
• Heating & cooling: Central air conditioning; Forced air heating; Gas heating
• Interior features: 4 total rooms; Enclosed patio/porch
• Laundry & utility: Washer; Dryer; Laundry located in hall

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $57k.

Deal economics

• At list price, monthly cash flow is $274 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $57k).
• Recommended offer: $56k (1.5% below list) — sets the bar for market timing.
• Cap rate 14.7% vs local median 4.6% in Columbiana — 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 71/100 on livability (#427 in OH) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: employment D, amenities F, commute F.
• Columbiana Exempted Village (town): math 73% / reading 81% proficiency, ranked #84 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 55 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 49 units permitted in Columbiana County in 2024 (0 in 5+ unit buildings).
• This rent is only 17% of the median local income ($71k/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 $394 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Columbiana County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $16k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($56k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $31k; list at $57k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $56,145 (1.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.76% ✓
• Cap rate: 14.70%
• Cash-on-cash: 30.03%
• DSCR: 2.34
• GRM: 4.7

CMA / ARV

• ARV (on-the-fly): $154,560
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1229 Columbiana Lisbon Rd #76	0.00mi	2/2.0	1,184 (+6%)	3mo	$59,000	$50	86
1229 Columbiana Lisbon Rd #39	0.04mi	2/2.0	1,152 (+3%)	8mo	$53,000	$46	85
1229 Columbiana-lisbon Rd #79	0.00mi	2/1.0	1,008 (-10%)	24mo	$51,000	$51	62
122 W Friend St	0.69mi	3/1.0 (+1)	1,144 (+2%)	6mo	$188,500	$165	53
49 N Cross St	0.54mi	2/1.5	1,024 (-9%)	14mo	$185,000	$181	49
138 S Middle St	0.62mi	3/1.0 (+1)	1,248 (+11%)	21mo	$172,000	$138	28

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: 13.1%
• Equity multiple: 1.52×
• Total profit: $8,320
• Equity at exit: $8,499

10-year hold

• IRR: 22.0%
• Equity multiple: 2.89×
• Total profit: $30,108
• Equity at exit: $4,928

Cash invested: $15,960 (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 44408

• Home prices YoY: -30.7%
• Active inventory: 55
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,004 medium
• Mortgage (P&I): −$299
• Tax est. 1.5%: −$71 /mo · $855/yr
• Insurance: −$24
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $274

Break-even live

Break-even rent $657

Max offer price $57,000

Occupancy floor 68%

Sensitivity live

Price	-10% $314	-5% $294	+0% $274	+5% $255	+10% $235
Rent	-10% $195	-5% $235	+0% $274	+5% $314	+10% $354
Rate	-1.0pp $303	-0.5pp $289	base $274	+0.5pp $259	+1.0pp $244

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: $14,250
• Closing costs: $1,710
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
333 W Park Ave Unit C&C Rental Investments Columbiana, OH	2.0	1.0	1000	$1,100	$1.10	13d	1	0.55mi
153 S Main St Unit 5 Columbiana, OH	1.0	1.0	750	$825	$1.10	45d	1	0.77mi

Listing history 34 events

1. 2026-06-15
   statusdays on market $57,000 Pending 25 DOM
2. 2026-06-13
   days on market $57,000 Contingent 24 DOM
3. 2026-06-12
   statusdays on market $57,000 Contingent 23 DOM
4. 2026-06-09
   days on market $57,000 Active 20 DOM
5. 2026-06-08
   days on market $57,000 Active 19 DOM
6. 2026-06-08
   days on market $57,000 Active 18 DOM
7. 2026-06-07
   days on market $57,000 Active 17 DOM
8. 2026-06-04
   days on market $57,000 Active 14 DOM
9. 2026-06-02
   days on market $57,000 Active 13 DOM
10. 2026-06-01
    days on market $57,000 Active 12 DOM
11. 2026-05-31
    days on market $57,000 Active 11 DOM
12. 2026-05-19
    listed $57,000 Active
13. 2021-07-15
    soldstatus $31,250 Closed 561-char remark

    Show marketing remark (561 chars)

    This 2 bedroom 1 bath mobile home is located in Southern Terrace Mobile Home Park in Columbiana. This is a 55+ community. This home is well maintained and move in ready. Large living room, oak kitchen with all appliances and pantry, and an abundance of cabinets. New draperies in living room and bedrooms. Vertical blinds on front windows. Master bedroom has 2 double closets. Laundry area with washer and dryer. Enclosed patio for a place to relax. Storage shed also included. Ready for you to move right in ! All residents must be approved by park management.

14. 2021-07-01
    status Pending 561-char remark

    Show marketing remark (561 chars)

    This 2 bedroom 1 bath mobile home is located in Southern Terrace Mobile Home Park in Columbiana. This is a 55+ community. This home is well maintained and move in ready. Large living room, oak kitchen with all appliances and pantry, and an abundance of cabinets. New draperies in living room and bedrooms. Vertical blinds on front windows. Master bedroom has 2 double closets. Laundry area with washer and dryer. Enclosed patio for a place to relax. Storage shed also included. Ready for you to move right in ! All residents must be approved by park management.

15. 2021-05-21
    historical Contingent 561-char remark

    Show marketing remark (561 chars)

    This 2 bedroom 1 bath mobile home is located in Southern Terrace Mobile Home Park in Columbiana. This is a 55+ community. This home is well maintained and move in ready. Large living room, oak kitchen with all appliances and pantry, and an abundance of cabinets. New draperies in living room and bedrooms. Vertical blinds on front windows. Master bedroom has 2 double closets. Laundry area with washer and dryer. Enclosed patio for a place to relax. Storage shed also included. Ready for you to move right in ! All residents must be approved by park management.

16. 2021-05-05
    listed $32,500 Active 561-char remark

    Show marketing remark (561 chars)

    This 2 bedroom 1 bath mobile home is located in Southern Terrace Mobile Home Park in Columbiana. This is a 55+ community. This home is well maintained and move in ready. Large living room, oak kitchen with all appliances and pantry, and an abundance of cabinets. New draperies in living room and bedrooms. Vertical blinds on front windows. Master bedroom has 2 double closets. Laundry area with washer and dryer. Enclosed patio for a place to relax. Storage shed also included. Ready for you to move right in ! All residents must be approved by park management.

17. 2021-05-04
    historical
18. 2021-04-23
    status Active
19. 2021-03-23
    historical Contingent
20. 2021-03-15
    price $33,900
21. 2021-03-08
    status Active
22. 2021-02-24
    historical Contingent
23. 2021-02-03
    listed $35,500 Active
24. 2020-11-07
    soldstatus $32,500 Closed
25. 2020-10-30
    status Pending
26. 2020-10-21
    historical Contingent
27. 2020-10-06
    listed $37,900 Active
28. 2015-07-16
    soldstatus $21,000 Sold
29. 2015-06-30
    status Pending
30. 2015-06-10
    listed $27,500 Active
31. 2013-10-15
    soldstatus $18,000
32. 2013-08-18
    listed $21,500
33. 2007-06-27
    soldstatus $31,000
34. 2007-05-03
    listed $32,000

ⓘ 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 8/10 Severe FEMA zone A · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,051
• − Mortgage interest: −$3,193
• − Property taxes: −$855
• − Insurance: −$1,787
• − Repairs & maintenance: −$964
• − Management: −$964
• − Depreciation: −$1,658
• Taxable income: $2,629
• Est. tax owed @ 24.0%: −$631
• After-tax cash flow: $2,660/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: Columbiana Exempted Village
• NCES district ID: 3904532
• Math proficiency: 73% ▼ -5.00%
• Reading proficiency: 81% ▼ -2.00%
• Median HH income: $48,052
• Composite: 64.96/100
• National rank: #507
• State rank: #84 of 656 in OH

Livability — Columbiana

• Score: 71/100
• State rank: #427
• US rank: #6997

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbiana, OH
• County: Columbiana · 99,532 people
• City population: 10,924
• Population (ZIP): 10,924
• Household income: $71,205
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 10.0

Population outlook (Columbiana County) Hauer SSP2

• Today (2025): 98,353 people
• By 2030: 94,225 · -4.2%
• By 2040: 85,169 · -13.4%
• By 2050: 76,157 · -22.6%
• By 2075: 58,451 · -40.6%
• By 2100: 42,805 · -56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 3% Asian 2% Two or more races 1%
• Common ancestry: Romanian 4% Italian 3% Iranian 2%
• Foreign-born: 2% · Canada, Jamaica
• Languages at home: 97% English-only · Vietnamese 2% Spanish 1%

Political lean MEDSL · Columbiana

• 2024 margin: Solid R (+49.0) · D 25.1% · R 74.1%
• 2008→2024 swing: -41.4pp toward R · 2008: -7.6pp · 2024: -49.0pp
• All cycles: 2024: R+49.0 2020: R+44.9 2016: R+41.6 2012: R+12.0 2008: R+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -100.83%
• Current HPI: 227.4173
• 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

+78.1% since first listed

23 events — show timeline

• 2026-05-19 Listed $57,000 MLSNOW
• 2021-07-15 Sold (MLS) $31,250 MLSNOW
• 2021-07-01 Pending — MLSNOW
• 2021-05-21 Contingent — MLSNOW
• 2021-05-05 Listed $32,500 MLSNOW
• 2021-05-04 Listing Removed — MLSNOW
• 2021-04-23 Relisted — MLSNOW
• 2021-03-23 Contingent — MLSNOW
• 2021-03-15 Price Changed $33,900 MLSNOW
• 2021-03-08 Relisted — MLSNOW
• 2021-02-24 Contingent — MLSNOW
• 2021-02-03 Listed $35,500 MLSNOW
• 2020-11-07 Sold (MLS) $32,500 MLSNOW
• 2020-10-30 Pending — MLSNOW
• 2020-10-21 Contingent — MLSNOW
• 2020-10-06 Listed $37,900 MLSNOW
• 2015-07-16 Sold (MLS) $21,000 MLSNOW
• 2015-06-30 Pending — MLSNOW
• 2015-06-10 Listed $27,500 MLSNOW
• 2013-10-15 Sold (MLS) $18,000 MLSNOW
• 2013-08-18 Listed $21,500 MLSNOW
• 2007-06-27 Sold (MLS) $31,000 MLSNOW
• 2007-05-03 Listed $32,000 MLSNOW