266 Bender St NE · Navarre, OH 44662

$43,900

2 bd · 2.0 ba · 1,088 sqft · Manufactured · 20 Days on market

Built 1996 ↓ 24% since listing

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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 +4.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 1088 square foot mobile / manufactured home has 2 bedrooms and 2.0 bathrooms. This home is located at 266 Bender St SW #17, Navarre, OH 44662.

Key facts

• Built 1996
• Listed 19 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $44k.

Deal economics

• At list price, monthly cash flow is $600 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $44k).
• Recommended offer: $43k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#284 in OH, #4,656 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Fairless Local (rural): math 56% / reading 55% proficiency, ranked #365 of 656 in OH (top 56%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 22 active listings in the ZIP; 528 units permitted in Stark County in 2024 (84 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $304 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Stark County population projected to shrink 8% 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 $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 25y 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.

Recommended offer $43,241 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-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?
3. 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.
4. 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.
5. 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: 2.54% ✓
• Cap rate: 22.71%
• Cash-on-cash: 58.62%
• DSCR: 3.61
• GRM: 3.3

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: 57.2%
• Equity multiple: 3.53×
• Total profit: $31,131
• Equity at exit: $6,546

10-year hold

• IRR: 62.1%
• Equity multiple: 7.21×
• Total profit: $76,364
• Equity at exit: $3,796

Cash invested: $12,292 (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 44662

• Active inventory: 22
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $1,116 medium
• Mortgage (P&I): −$230
• Tax from tax record: −$33 /mo · $391/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $600

Break-even live

Break-even rent $356

Max offer price $43,900

Occupancy floor 41%

Sensitivity live

Price	-10% $625	-5% $613	+0% $600	+5% $588	+10% $576
Rent	-10% $512	-5% $556	+0% $600	+5% $645	+10% $689
Rate	-1.0pp $623	-0.5pp $612	base $600	+0.5pp $589	+1.0pp $577

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: $10,975
• Closing costs: $1,317
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-15
   days on market $43,900 Active 20 DOM
2. 2026-06-14
   days on market $43,900 Active 18 DOM
3. 2026-06-13
   days on market $43,900 Active 17 DOM
4. 2026-06-10
   days on market $43,900 Active 15 DOM
5. 2026-06-09
   days on market $43,900 Active 14 DOM
6. 2026-06-08
   days on market $43,900 Active 13 DOM
7. 2026-06-07
   days on market $43,900 Active 12 DOM
8. 2026-06-05
   days on market $43,900 Active 9 DOM
9. 2026-06-02
   days on market $43,900 Active 7 DOM
10. 2026-06-01
    days on market $43,900 Active 6 DOM
11. 2026-05-31
    days on market $43,900 Active 5 DOM
12. 2026-05-30
    days on market $43,900 Active 4 DOM
13. 2026-05-27
    listed $43,900 Active
14. 2001-11-01
    historical
15. 2001-08-01
    listed $58,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $391 · $33/mo
• Projected year-2 tax: $538 · $45/mo
• Expected delta: +$147/yr (+$12/mo · 37.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,390
• − Mortgage interest: −$2,459
• − Property taxes: −$391
• − Insurance: −$220
• − Repairs & maintenance: −$1,071
• − Management: −$1,071
• − Depreciation: −$1,277
• Taxable income: $6,901
• Est. tax owed @ 24.0%: −$1,656
• After-tax cash flow: $5,549/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: Fairless Local
• NCES district ID: 3904984
• Math proficiency: 56% ▼ -6.00%
• Reading proficiency: 55% ▼ -7.00%
• Median HH income: $46,217
• Composite: 46.99/100
• National rank: #2352
• State rank: #365 of 656 in OH

Livability — Navarre

• Score: 74/100
• State rank: #284
• US rank: #4656

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Navarre, OH
• County: Stark · 366,688 people
• Metro: Canton-Massillon, OH
• Population (ZIP): 9,929
• Household income: $69,387
• Rent vs Own: 18.8% rent · 81.2% own
• Severe rent burden: 11.3

Population outlook (Stark County) Hauer SSP2

• Today (2025): 373,708 people
• By 2030: 371,245 · -0.7%
• By 2040: 361,331 · -3.3%
• By 2050: 345,290 · -7.6%
• By 2075: 302,669 · -19.0%
• By 2100: 238,870 · -36.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Slovak 2% Serbian 1% Scandinavian 1%
• Foreign-born: 1%
• Languages at home: 93% English-only · German/W. Germanic 6% Spanish 1%

Political lean MEDSL · Stark

• 2024 margin: Strong R (+21.9) · D 38.6% · R 60.5%
• 2008→2024 swing: -27.4pp toward R · 2008: 5.5pp · 2024: -21.9pp
• All cycles: 2024: R+21.9 2020: R+18.5 2016: R+17.4 2012: R+0.4 2008: D+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -130.03%
• Current HPI: 228.0431
• 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

-24.3% since first listed

3 events — show timeline

• 2026-05-27 Listed $43,900 FSBO.com
• 2001-11-01 Listing Removed — MLSNOW
• 2001-08-01 Listed $58,000 MLSNOW

Property tax history

+5.4%/yr

Latest (2017): $391 · -0.4% YoY. Source: county tax records.