4711 Walnut Rd Lot i4 · Buckeye Lake, OH 43008

$78,000

3 bd · 2.0 ba · 1,216 sqft · SingleFamily · 11 Days on market

Built 2023 Good condition $495/mo HOA · 25% of rent

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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
• Appreciation +7.1/10.0
• Schools +4.0/10.0
• Condition / age +4.0/5.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0

Listing remarks

Welcome home to this practically new 3-bedroom, 2-bath manufactured home located in the desirable Lakeside Manufactured Home Community! Offering 1,216 square feet of well-maintained living space, this move-in-ready home combines modern style with everyday convenience. Step inside to an open-concept floor plan featuring a spacious living area and a beautiful kitchen complete with an expansive center island. The private primary suite offers a large walk-in closet and an en-suite bath with a walk-in shower, while two additional bedrooms provide flexibility for guests, family, or a home office. Outside, you'll find a 10x12 storage shed for all your extra storage needs. Enjoy the convenience of

Key facts

• Beautiful kitchen
• En-suite bath
• Large walk-in closet

Tags

• OPEN-CONCEPT FLOOR PLAN
• BEAUTIFUL KITCHEN
• EXPANSIVE CENTER ISLAND
• PRIVATE PRIMARY SUITE
• LARGE WALK-IN CLOSET
• EN-SUITE BATH

Property features AI

Finance

• Other: Located in Lakeside subdivision, Lot i4
• HOA & community: Homeowners association with monthly fee of $495; Association amenities include a park; Association fee includes trash

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer
• Home design: One-story mobile home; Other residential without deeded land
• Construction: Built in 2023; Other foundation
• Exterior features: Includes shed(s); Mobile home dimensions about 76' x 16'

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms
• Heating & cooling: Central air conditioning
• Interior features: Insulated windows throughout; Living area approximately 1,216

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $78k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $546 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $78k).
• Cap rate 14.7% vs local median 1.1% in Buckeye Lake — 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 66/100 on livability (#671 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, schools F, amenities F.
• Lakewood Local (rural): math 44% / reading 49% proficiency, ranked #481 of 656 in OH (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 31 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($539 loan paydown + $3k appreciation (4.1% local appreciation)).
• At projected returns (4.1% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.56% ✓
• Cap rate: 14.69%
• Cash-on-cash: 30.00%
• DSCR: 2.33
• GRM: 3.2

CMA / ARV

• ARV (on-the-fly): $205,504
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4135 Walnut Rd Lot 61	0.41mi	3/2.0	1,178 (-3%)	5mo	$78,000	$66	71
45 Leroy St	0.25mi	3/2.0	1,344 (+10%)	14mo	$300,000	$223	60
4135 Walnut Rd Lot 117	0.53mi	2/2.0 (-1)	1,216 (0%)	14mo	$97,000	$80	59
102 Leroy St	0.28mi	3/1.0	1,352 (+11%)	8mo	$215,000	$159	58
110 Elliott Ave	0.36mi	3/2.0	1,100 (-10%)	24mo	$203,000	$185	48
65 Stewart Ave	0.37mi	2/1.0 (-1)	1,037 (-15%)	8mo	$175,000	$169	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.12% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.9%
• Equity multiple: 3.25×
• Total profit: $49,208
• Equity at exit: $40,078

10-year hold

• IRR: 37.0%
• Equity multiple: 6.56×
• Total profit: $121,377
• Equity at exit: $65,977

Cash invested: $21,840 (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 43008

• Home prices YoY: 1.4%
• Active inventory: 31
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $2,000 medium
• Mortgage (P&I): −$409
• Tax est. 1.5%: −$98 /mo · $1,170/yr
• Insurance: −$32
• HOA: −$495
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $546

Break-even live

Break-even rent $1,309

Max offer price $78,000

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: $19,500
• Closing costs: $2,340
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5118 Walnut Rd Apt B Buckeye Lake, OH	2.0	2.0	1040	$2,000	$1.92	43d	1	0.39mi

HOA detail

• Monthly dues: $495 · $5,940/yr

Listing history 8 events

1. 2026-06-13
   statusdays on market $78,000 Pending 11 DOM
2. 2026-06-09
   days on market $78,000 Active 8 DOM
3. 2026-06-08
   days on market $78,000 Active 7 DOM
4. 2026-06-07
   days on market $78,000 Active 6 DOM
5. 2026-06-05
   days on market $78,000 Active 3 DOM
6. 2026-06-03
   days on market $78,000 Active 2 DOM
7. 2026-06-02
   remarks 699-char remark
8. 2026-06-02
   listed $78,000 Active 1 DOM

ⓘ 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 5/10 Major FEMA zone X (shaded) · 47% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°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: $24,000
• − Mortgage interest: −$4,369
• − Property taxes: −$1,170
• − Insurance: −$390
• − Repairs & maintenance: −$1,920
• − Management: −$1,920
• − HOA: −$5,940
• − Depreciation: −$2,269
• Taxable income: $6,022
• Est. tax owed @ 24.0%: −$1,445
• After-tax cash flow: $5,106/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 · 12 photos

Good 80/100 Cosmetic rehab

This move-in-ready manufactured home in the Lakeside Manufactured Home Community is in good condition with minimal repairs needed. It offers a spacious floor plan, modern appliances, and updated bathrooms. The home's curb appeal and interior condition are excellent, making it a great investment for both resale and rental.

Value-add opportunities

• Resale Paint exterior siding — Fresh paint can enhance curb appeal and the home's overall appearance.
• Rental Replace window treatments — Updated window treatments can improve the home's rental appeal and reduce maintenance costs.
• Both Install new flooring in kitchen and living area — New flooring can improve the home's overall appearance and increase both resale and rental value.
• Both Upgrade kitchen appliances — Upgraded appliances can increase the home's appeal and value for both resale and rental.
• Both Install new bathroom fixtures — New fixtures can improve the home's overall appearance and increase both resale and rental value.
• Both Landscaping improvements — Well-maintained landscaping can enhance curb appeal and increase the home's value for both resale and rental.
• Both HVAC system maintenance — A well-maintained HVAC system can improve the home's comfort and energy efficiency, increasing both resale and rental value.
• Both Paint interior walls and ceilings — Fresh paint can improve the home's overall appearance and increase both resale and rental value.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior siding — Fresh paint can enhance curb appeal and the home's overall appearance. ↑
• Rental Replace window treatments — Updated window treatments can improve the home's rental appeal and reduce maintenance costs. ↑
• Both Install new flooring in kitchen and living area — New flooring can improve the home's overall appearance and increase both resale and rental value. ↑
• Both Upgrade kitchen appliances — Upgraded appliances can increase the home's appeal and value for both resale and rental. ↑
• Both Install new bathroom fixtures — New fixtures can improve the home's overall appearance and increase both resale and rental value. ↑
• Both Landscaping improvements — Well-maintained landscaping can enhance curb appeal and increase the home's value for both resale and rental. ↑
• Both HVAC system maintenance — A well-maintained HVAC system can improve the home's comfort and energy efficiency, increasing both resale and rental value. ↑
• Both Paint interior walls and ceilings — Fresh paint can improve the home's overall appearance 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: Lakewood Local
• NCES district ID: 3904799
• Math proficiency: 44% ▼ -15.00%
• Reading proficiency: 49% ▼ -10.00%
• Median HH income: $51,143
• Composite: 39.98/100
• National rank: #3834
• State rank: #481 of 656 in OH

Livability — Buckeye Lake

• Score: 66/100
• State rank: #671
• US rank: #11844

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Buckeye Lake, OH
• County: Licking · 160,960 people
• City population: 2,419
• Metro: Columbus, OH
• Population (ZIP): 2,419
• Household income: $82,750
• Rent vs Own: 23.2% rent · 76.8% own

Population outlook (Licking County) Hauer SSP2

• Today (2025): 178,210 people
• By 2030: 180,917 · +1.5%
• By 2040: 183,885 · +3.2%
• By 2050: 182,985 · +2.7%
• By 2075: 178,377 · +0.1%
• By 2100: 161,075 · -9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Italian 6% Iranian 4% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Licking

• 2024 margin: Solid R (+30.0) · D 34.5% · R 64.6%
• 2008→2024 swing: -14.2pp toward R · 2008: -15.8pp · 2024: -30.0pp
• All cycles: 2024: R+30.0 2020: R+28.1 2016: R+28.9 2012: R+14.7 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.12%
• Current HPI: 293.8256
• 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

1 event — show timeline

• 2026-06-01 Listed $78,000 CBRMLS