183 Driftwood Dr · Port Clinton, OH 43452

$114,900

2 bd · 1.0 ba · 938 sqft · SingleFamily · 113 Days on market

Built 1973 Good condition $122/sqft · 19% above area Est $96k · 19% over $420/mo HOA · 21% of rent

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Why this score? — see what drove the C+ 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 +28.8/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.8/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ready to live on vacation all year long!? This totally renovated 2 bedroom home is located in the highly sought after Fountains mobile home park! This unit is on the beautiful well maintained pond! Relax on the deck that was installed 3 years ago and enjoy the view! This home was completely renovated 3 years ago top to bottom! New windows, siding, roof, kitchen, flooring throughout, paint and an updated bathroom. The bump out makes the living room feel open and spacious! There's 2 driveways for parking and both have carports. Also the large out building is great for extra storage! This is a must see!! Lot rent is $420 per month. * This is a 55+ community.

Key facts

• New kitchen
• Well maintained pond
• New siding

Tags

• WELL MAINTAINED POND
• DECK INSTALLED 3 YEARS AGO
• NEW WINDOWS
• NEW SIDING
• NEW ROOF
• NEW KITCHEN

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $105k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 2.3% in Port Clinton — 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 72/100 on livability (#359 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A-; Watch: employment C-, amenities F, commute F.
• Port Clinton City (town): math 55% / reading 59% proficiency, ranked #342 of 656 in OH (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 220 active listings in the ZIP; 128 units permitted in Ottawa County in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Ottawa County population projected at -19% 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 $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 113 days — a 9% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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 $48k; list at $115k implies a 139% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.

Recommended offer $104,559 (9.0% below list)

Questions for the listing agent

1. It's been on market 113 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — 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. 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?
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: 1.76% ✓
• Cap rate: 10.34%
• Cash-on-cash: 14.44%
• DSCR: 1.64
• GRM: 4.7

CMA / ARV

• ARV (median comp): $96,500
• List price: $114,900
• Delta: 19.07%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1725 Heather Ln	0.23mi	2/1.0	912 (-3%)	4mo	$90,000	$99	81
118 Driftwood Dr	0.23mi	2/2.0	952 (+2%)	3mo	$57,000	$60	81
164 Morningside Dr	0.10mi	2/2.0	975 (+4%)	12mo	$53,500	$55	75
814 E 3rd St	0.51mi	2/1.0	976 (+4%)	17mo	$129,000	$132	55
117 Linden St	0.33mi	2/1.0	824 (-12%)	14mo	$195,000	$237	53
1950 E State Rd	0.62mi	2/1.0	968 (+3%)	16mo	$90,000	$93	53
1214 E 2nd St	0.35mi	2/1.0	1,064 (+13%)	11mo	$209,000	$196	52
414 Short St	0.74mi	2/1.0	1,056 (+13%)	8mo	$100,000	$95	38

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: 5.1%
• Equity multiple: 1.20×
• Total profit: $6,325
• Equity at exit: $17,132

10-year hold

• IRR: 14.7%
• Equity multiple: 2.19×
• Total profit: $38,427
• Equity at exit: $9,934

Cash invested: $32,172 (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 43452

• Active inventory: 220
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,027 medium
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,724/yr
• Insurance: −$48
• HOA: −$420
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $387

Break-even live

Break-even rent $1,537

Max offer price $114,900

Occupancy floor 76%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $420 · $5,040/yr

Listing history 24 events

1. 2026-06-18
   days on market $114,900 Active 113 DOM
2. 2026-06-17
   days on market $114,900 Active 112 DOM
3. 2026-06-16
   days on market $114,900 Active 111 DOM
4. 2026-06-15
   days on market $114,900 Active 110 DOM
5. 2026-06-13
   days on market $114,900 Active 108 DOM
6. 2026-06-12
   days on market $114,900 Active 107 DOM
7. 2026-06-09
   days on market $114,900 Active 104 DOM
8. 2026-06-08
   days on market $114,900 Active 103 DOM
9. 2026-06-08
   days on market $114,900 Active 102 DOM
10. 2026-06-07
    days on market $114,900 Active 101 DOM
11. 2026-06-04
    days on market $114,900 Active 98 DOM
12. 2026-06-02
    days on market $114,900 Active 97 DOM
13. 2026-06-01
    days on market $114,900 Active 96 DOM
14. 2026-05-31
    days on market $114,900 Active 95 DOM
15. 2026-03-31
    status Active 663-char remark

    Show marketing remark (663 chars)

    Ready to live on vacation all year long!? This totally renovated 2 bedroom home is located in the highly sought after Fountains mobile home park! This unit is on the beautiful well maintained pond! Relax on the deck that was installed 3 years ago and enjoy the view! This home was completely renovated 3 years ago top to bottom! New windows, siding, roof, kitchen, flooring throughout, paint and an updated bathroom. The bump out makes the living room feel open and spacious! There's 2 driveways for parking and both have carports. Also the large out building is great for extra storage! This is a must see!! Lot rent is $420 per month. * This is a 55+ community.

16. 2026-03-26
    historical Active Under Contract 663-char remark

    Show marketing remark (663 chars)

    Ready to live on vacation all year long!? This totally renovated 2 bedroom home is located in the highly sought after Fountains mobile home park! This unit is on the beautiful well maintained pond! Relax on the deck that was installed 3 years ago and enjoy the view! This home was completely renovated 3 years ago top to bottom! New windows, siding, roof, kitchen, flooring throughout, paint and an updated bathroom. The bump out makes the living room feel open and spacious! There's 2 driveways for parking and both have carports. Also the large out building is great for extra storage! This is a must see!! Lot rent is $420 per month. * This is a 55+ community.

17. 2026-02-25
    listed $114,900 Active 663-char remark

    Show marketing remark (663 chars)

    Ready to live on vacation all year long!? This totally renovated 2 bedroom home is located in the highly sought after Fountains mobile home park! This unit is on the beautiful well maintained pond! Relax on the deck that was installed 3 years ago and enjoy the view! This home was completely renovated 3 years ago top to bottom! New windows, siding, roof, kitchen, flooring throughout, paint and an updated bathroom. The bump out makes the living room feel open and spacious! There's 2 driveways for parking and both have carports. Also the large out building is great for extra storage! This is a must see!! Lot rent is $420 per month. * This is a 55+ community.

18. 2025-10-06
    price $115,000
19. 2025-08-14
    price $119,900
20. 2025-07-14
    price $121,900
21. 2025-06-15
    price $122,900
22. 2021-11-05
    soldstatus $48,000 Closed
23. 2021-10-31
    status Pending
24. 2021-10-26
    listed $48,000 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 3/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,321
• − Mortgage interest: −$6,436
• − Property taxes: −$1,724
• − Insurance: −$574
• − Repairs & maintenance: −$1,946
• − Management: −$1,946
• − HOA: −$5,040
• − Depreciation: −$3,343
• Taxable income: $3,313
• Est. tax owed @ 24.0%: −$795
• After-tax cash flow: $3,850/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 fully renovated 2-bedroom home in a sought-after mobile home park is move-in ready with a beautiful view and ample parking. The property has been updated top to bottom, making it a great investment opportunity.

Value-add opportunities

• Both Painting the exterior — Enhances curb appeal and value.
• Both Landscaping improvements — Enhances curb appeal and value.
• Both New outdoor furniture — Enhances curb appeal and value.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Enhances curb appeal and value. ↑
• Both Landscaping improvements — Enhances curb appeal and value. ↑
• Both New outdoor furniture — Enhances curb appeal and 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: Port Clinton City
• NCES district ID: 3904465
• Math proficiency: 55% ▼ -14.00%
• Reading proficiency: 59% ▼ -11.00%
• Median HH income: $47,532
• Composite: 48.34/100
• National rank: #2145
• State rank: #342 of 656 in OH

Livability — Port Clinton

• Score: 72/100
• State rank: #359
• US rank: #5778

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port Clinton, OH
• County: Ottawa · 37,113 people
• City population: 14,052
• Metro: Sandusky, OH
• Population (ZIP): 14,052
• Household income: $63,815
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 5.6

Population outlook (Ottawa County) Hauer SSP2

• Today (2025): 39,548 people
• By 2030: 38,297 · -3.2%
• By 2040: 35,070 · -11.3%
• By 2050: 31,956 · -19.2%
• By 2075: 27,454 · -30.6%
• By 2100: 23,596 · -40.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Black 2%
• Common ancestry: Romanian 5% Lithuanian 3% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Ottawa

• 2024 margin: Strong R (+25.1) · D 37.0% · R 62.1%
• 2008→2024 swing: -31.3pp toward R · 2008: 6.3pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+23.4 2016: R+19.6 2012: D+4.1 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -145.50%
• Current HPI: 219.0624
• 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

+139.4% since first listed

10 events — show timeline

• 2026-03-31 Relisted — FAOR
• 2026-03-26 Contingent — FAOR
• 2026-02-25 Listed $114,900 FAOR
• 2025-10-06 Price Changed $115,000 FAOR
• 2025-08-14 Price Changed $119,900 FAOR
• 2025-07-14 Price Changed $121,900 FAOR
• 2025-06-15 Price Changed $122,900 FAOR
• 2021-11-05 Sold (MLS) $48,000 MLSNOW
• 2021-10-31 Pending — MLSNOW
• 2021-10-26 Listed $48,000 MLSNOW