Mansion Single 130 Spreading Oaks Village Plan · Athens, OH 45701

$103,300

3 bd · 2.0 ba · 1,166 sqft · Manufactured · 280 Days on market

Good condition

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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 +27.9/30.0
• DSCR +9.9/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Livability +4.3/5.0
• Schools +4.2/10.0
• Condition / age +4.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spreading Oaks Village is Athens, Ohio's premier manufactured home community by UMH Properties, Inc. Fall in love with our brand new turnkey ready homes with open-concept floor plans, sought-after finishes, and community style living. Enjoy additional storage space with your own private storage shed and large bedroom closets. Step outside of your new home and take advantage of our amenities including a community center, basketball court, playground and on-site fitness center. We would love to show you around our community. Contact us to take a tour today with one of our experienced sales representatives. About an hour outside of Columbus and 2 hours from Pittsburgh, OH, Athens offers its residents art museums, lakes, vineyards, and farmers markets. Places like Lake Snowden, Athens Bike Path, and Old Man's Cave Hiking Trail are accessible within 30 minutes from our Spreading Oaks Village community. Stay close to home and bask in the beautiful scenery Athens, OH has to offer. Spreading Oaks Village in Athens, OH is located in the Alexander Local Schools District. Those Athens, OH looking to move on to higher education will find themselves located near Ohio University and Hocking College.

Key facts

• Listed 280 days

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $103k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $317 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $103k).
• Recommended offer: $91k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 2.8% in Athens — 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 86/100 on livability (#37 in OH, #350 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: housing C-, employment F.
• Alexander Local (rural): math 44% / reading 57% proficiency, ranked #440 of 656 in OH (top 67%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 112 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 5 units permitted in Athens County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $714 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Athens County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 280 days — a 12% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask is 4% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $90,904 (12.0% below list)

Questions for the listing agent

1. It's been on market 280 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.26% ✓
• Cap rate: 9.98%
• Cash-on-cash: 13.15%
• DSCR: 1.59
• GRM: 6.6

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: 3.1%
• Equity multiple: 1.12×
• Total profit: $3,475
• Equity at exit: $15,402

10-year hold

• IRR: 12.7%
• Equity multiple: 2.01×
• Total profit: $29,110
• Equity at exit: $8,931

Cash invested: $28,924 (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 45701

• Active inventory: 112
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,305 medium
• Mortgage (P&I): −$542
• Tax est. 1.5%: −$129 /mo · $1,550/yr
• Insurance: −$43
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $317

Break-even live

Break-even rent $904

Max offer price $103,300

Occupancy floor 71%

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: $25,825
• Closing costs: $3,099
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7140 Selby Rd Athens, OH	3.0	2.0	1120	$1,000	$0.89	43d	1	0.15mi

Listing history 20 events

1. 2026-06-19
   days on market $103,300 Active 280 DOM
2. 2026-06-18
   days on market $103,300 Active 279 DOM
3. 2026-06-17
   days on market $103,300 Active 278 DOM
4. 2026-06-16
   days on market $103,300 Active 277 DOM
5. 2026-06-15
   days on market $103,300 Active 276 DOM
6. 2026-06-14
   days on market $103,300 Active 274 DOM
7. 2026-06-12
   days on market $103,300 Active 273 DOM
8. 2026-06-09
   days on market $103,300 Active 270 DOM
9. 2026-06-08
   days on market $103,300 Active 269 DOM
10. 2026-06-07
    days on market $103,300 Active 268 DOM
11. 2026-06-05
    days on market $103,300 Active 265 DOM
12. 2026-06-03
    days on market $103,300 Active 264 DOM
13. 2026-06-02
    days on market $103,300 Active 263 DOM
14. 2026-06-01
    days on market $103,300 Active 262 DOM
15. 2026-05-31
    days on market $103,300 Active 261 DOM
16. 2026-05-30
    days on market $103,300 Active 260 DOM
17. 2025-09-13
    status Active 1204-char remark

    Show marketing remark (1204 chars)

    Spreading Oaks Village is Athens, Ohio's premier manufactured home community by UMH Properties, Inc. Fall in love with our brand new turnkey ready homes with open-concept floor plans, sought-after finishes, and community style living. Enjoy additional storage space with your own private storage shed and large bedroom closets. Step outside of your new home and take advantage of our amenities including a community center, basketball court, playground and on-site fitness center. We would love to show you around our community. Contact us to take a tour today with one of our experienced sales representatives. About an hour outside of Columbus and 2 hours from Pittsburgh, OH, Athens offers its residents art museums, lakes, vineyards, and farmers markets. Places like Lake Snowden, Athens Bike Path, and Old Man's Cave Hiking Trail are accessible within 30 minutes from our Spreading Oaks Village community. Stay close to home and bask in the beautiful scenery Athens, OH has to offer. Spreading Oaks Village in Athens, OH is located in the Alexander Local Schools District. Those Athens, OH looking to move on to higher education will find themselves located near Ohio University and Hocking College.

18. 2025-09-13
    price $103,300 1204-char remark

    Show marketing remark (1204 chars)

    Spreading Oaks Village is Athens, Ohio's premier manufactured home community by UMH Properties, Inc. Fall in love with our brand new turnkey ready homes with open-concept floor plans, sought-after finishes, and community style living. Enjoy additional storage space with your own private storage shed and large bedroom closets. Step outside of your new home and take advantage of our amenities including a community center, basketball court, playground and on-site fitness center. We would love to show you around our community. Contact us to take a tour today with one of our experienced sales representatives. About an hour outside of Columbus and 2 hours from Pittsburgh, OH, Athens offers its residents art museums, lakes, vineyards, and farmers markets. Places like Lake Snowden, Athens Bike Path, and Old Man's Cave Hiking Trail are accessible within 30 minutes from our Spreading Oaks Village community. Stay close to home and bask in the beautiful scenery Athens, OH has to offer. Spreading Oaks Village in Athens, OH is located in the Alexander Local Schools District. Those Athens, OH looking to move on to higher education will find themselves located near Ohio University and Hocking College.

19. 2024-08-14
    historical 1204-char remark

    Show marketing remark (1204 chars)

    Spreading Oaks Village is Athens, Ohio's premier manufactured home community by UMH Properties, Inc. Fall in love with our brand new turnkey ready homes with open-concept floor plans, sought-after finishes, and community style living. Enjoy additional storage space with your own private storage shed and large bedroom closets. Step outside of your new home and take advantage of our amenities including a community center, basketball court, playground and on-site fitness center. We would love to show you around our community. Contact us to take a tour today with one of our experienced sales representatives. About an hour outside of Columbus and 2 hours from Pittsburgh, OH, Athens offers its residents art museums, lakes, vineyards, and farmers markets. Places like Lake Snowden, Athens Bike Path, and Old Man's Cave Hiking Trail are accessible within 30 minutes from our Spreading Oaks Village community. Stay close to home and bask in the beautiful scenery Athens, OH has to offer. Spreading Oaks Village in Athens, OH is located in the Alexander Local Schools District. Those Athens, OH looking to move on to higher education will find themselves located near Ohio University and Hocking College.

20. 2024-08-13
    listed $98,900 Active 1204-char remark

    Show marketing remark (1204 chars)

    Spreading Oaks Village is Athens, Ohio's premier manufactured home community by UMH Properties, Inc. Fall in love with our brand new turnkey ready homes with open-concept floor plans, sought-after finishes, and community style living. Enjoy additional storage space with your own private storage shed and large bedroom closets. Step outside of your new home and take advantage of our amenities including a community center, basketball court, playground and on-site fitness center. We would love to show you around our community. Contact us to take a tour today with one of our experienced sales representatives. About an hour outside of Columbus and 2 hours from Pittsburgh, OH, Athens offers its residents art museums, lakes, vineyards, and farmers markets. Places like Lake Snowden, Athens Bike Path, and Old Man's Cave Hiking Trail are accessible within 30 minutes from our Spreading Oaks Village community. Stay close to home and bask in the beautiful scenery Athens, OH has to offer. Spreading Oaks Village in Athens, OH is located in the Alexander Local Schools District. Those Athens, OH looking to move on to higher education will find themselves located near Ohio University and Hocking College.

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,660
• − Mortgage interest: −$5,786
• − Property taxes: −$1,550
• − Insurance: −$516
• − Repairs & maintenance: −$1,253
• − Management: −$1,253
• − Depreciation: −$3,005
• Taxable income: $2,297
• Est. tax owed @ 24.0%: −$551
• After-tax cash flow: $3,254/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

Good 80/100 Cosmetic rehab

This manufactured home is in good condition with recent renovations, offering a move-in-ready living experience.

Value-add opportunities

• Both Painting exterior and landscaping — Enhances curb appeal and value.
• Both Upgrading appliances — Improves functionality and appeal.
• Both Adding smart home features — Enhances convenience and marketability.
• Both Upgrading lighting fixtures — Improves ambiance and energy efficiency.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and landscaping — Enhances curb appeal and value. ↑
• Both Upgrading appliances — Improves functionality and appeal. ↑
• Both Adding smart home features — Enhances convenience and marketability. ↑
• Both Upgrading lighting fixtures — Improves ambiance and energy efficiency. ↑

ⓘ 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: Alexander Local
• NCES district ID: 3904590
• Math proficiency: 44% ▼ -26.00%
• Reading proficiency: 57% ▼ -14.00%
• Median HH income: $42,034
• Composite: 42.39/100
• National rank: #3238
• State rank: #440 of 656 in OH

Livability — Athens

• Score: 86/100
• State rank: #37
• US rank: #350

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Athens County · 33,329 people
• City population: 33,329
• Metro: Athens, OH
• Population (ZIP): 33,329
• Household income: $53,075
• Rent vs Own: 50.2% rent · 49.8% own
• Severe rent burden: 2145.0

Population outlook (Athens County) Hauer SSP2

• Today (2025): 71,867 people
• By 2030: 73,556 · +2.4%
• By 2040: 74,528 · +3.7%
• By 2050: 74,947 · +4.3%
• By 2075: 77,996 · +8.5%
• By 2100: 81,619 · +13.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 6% Asian 4% Black 3% Hispanic / Latino 3%
• Common ancestry: Romanian 4% Slovak 3% Serbian 2%
• Foreign-born: 6% · China, Canada, Vietnam
• Languages at home: 91% English-only · Spanish 2% Arabic 1% Chinese 1%

Political lean MEDSL · Athens

• 2024 margin: D (+10.8) · D 54.9% · R 44.2%
• 2008→2024 swing: -24.5pp toward R · 2008: 35.3pp · 2024: 10.8pp
• All cycles: 2024: D+10.8 2020: D+15.0 2016: D+16.9 2012: D+35.0 2008: D+35.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -157.24%
• Current HPI: 181.6919
• Rent YoY: —
• Metro: Athens, 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

+4.4% since first listed

4 events — show timeline

• 2025-09-13 Price Changed $103,300 Zillow
• 2025-09-13 Relisted — Zillow
• 2024-08-14 Delisted — Zillow
• 2024-08-13 Listed $98,900 Zillow