6610 Lear Nagle Rd #2 · North Ridgeville, OH 44039

$40,900

2 bd · 1.0 ba · 768 sqft · Manufactured · 171 Days on market

Manufactured home Built 2024 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.8/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This well kept 2 bedroom 1 bathroom home is charming and cozy. It has been maintained and just like new. With modern black appliances and dark cabinets makes for a beautiful kitchen to show off your culinary skills. With a small dining room that flows directly into the living area makes for simple entertaining. This home is ready for you and your belongings. If you are looking for something low maintenance and easy living this one is for you. Call today to schedule a private tour.

Key facts

• Open floor plan
• Built 2024
• Listed 170 days

Tags

• MODERN FINISHES THROUGHOUT
• OPEN FLOOR PLAN
• STAINLESS-STEEL APPLIANCES
• WOOD-LIKE PLANK FLOORING
• UPGRADED COMMUNITY AMENITIES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $41k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $601 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $41k).
• Recommended offer: $36k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.9% vs local median 3.3% in North Ridgeville — 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 74/100 on livability (#305 in OH, #4,924 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• North Ridgeville City (suburban): math 49% / reading 61% proficiency, ranked #339 of 656 in OH (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Zoned schools: Liberty Elementary School (591 students, 23% FRL); North Ridgeville Academic Center (math 49% / reading 57%, grade C+, #372 of 654 statewide, top 58%, 1,878 students, 22% FRL); North Ridgeville High School (math 39% / reading 72%, grade C, #296 of 781 statewide, top 39%, 1,268 students, 20% FRL) — zoned schools at 22% FRL track the district average.
• Market conditions: 203 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent is only 14% of the median local income ($96k/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 $283 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 171 days — a 12% lower offer ($36k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask is 2910% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $35,992 (12.0% below list)

Questions for the listing agent

1. It's been on market 171 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: 2.73% ✓
• Cap rate: 23.92%
• Cash-on-cash: 62.95%
• DSCR: 3.80
• GRM: 3.0

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: 61.9%
• Equity multiple: 3.76×
• Total profit: $31,649
• Equity at exit: $6,098

10-year hold

• IRR: 66.5%
• Equity multiple: 7.71×
• Total profit: $76,894
• Equity at exit: $3,536

Cash invested: $11,452 (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 44039

• Active inventory: 203
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,118 medium
• Mortgage (P&I): −$214
• Tax est. 1.5%: −$51 /mo · $614/yr
• Insurance: −$17
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $601

Break-even live

Break-even rent $358

Max offer price $40,900

Occupancy floor 41%

Sensitivity live

Price	-10% $629	-5% $615	+0% $601	+5% $587	+10% $572
Rent	-10% $512	-5% $557	+0% $601	+5% $645	+10% $689
Rate	-1.0pp $621	-0.5pp $611	base $601	+0.5pp $590	+1.0pp $579

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: $10,225
• Closing costs: $1,227
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6610 Lear Nagle Rd #30 North Ridgeville, OH	1.0	1.0	560	$1,099	$1.96	20d	1	0.11mi
27380 Cook Rd Olmsted Twp, OH	2.0	2.0	1123	$2,177	$1.94	0d	2	0.98mi
35143 Bainbridge Rd North Ridgeville, OH	3.0	1.0	1096	$1,979	$1.81	7d	1	1.31mi

Listing history 23 events

1. 2026-06-22
   days on market $40,900 Active 171 DOM
2. 2026-06-21
   days on market $40,900 Active 170 DOM
3. 2026-06-18
   days on market $40,900 Active 167 DOM
4. 2026-06-17
   days on market $40,900 Active 166 DOM
5. 2026-06-16
   days on market $40,900 Active 165 DOM
6. 2026-06-15
   days on market $40,900 Active 164 DOM
7. 2026-06-13
   days on market $40,900 Active 162 DOM
8. 2026-06-09
   days on market $40,900 Active 158 DOM
9. 2026-06-08
   days on market $40,900 Active 157 DOM
10. 2026-06-07
    days on market $40,900 Active 156 DOM
11. 2026-06-05
    days on market $40,900 Active 153 DOM
12. 2026-06-03
    days on market $40,900 Active 152 DOM
13. 2026-06-02
    days on market $40,900 Active 151 DOM
14. 2026-06-01
    days on market $40,900 Active 150 DOM
15. 2026-05-31
    days on market $40,900 Active 149 DOM
16. 2026-05-15
    listed $1,359
17. 2026-05-14
    status Active 485-char remark

    Show marketing remark (485 chars)

    This well kept 2 bedroom 1 bathroom home is charming and cozy. It has been maintained and just like new. With modern black appliances and dark cabinets makes for a beautiful kitchen to show off your culinary skills. With a small dining room that flows directly into the living area makes for simple entertaining. This home is ready for you and your belongings. If you are looking for something low maintenance and easy living this one is for you. Call today to schedule a private tour.

18. 2025-01-23
    historical 485-char remark

    Show marketing remark (485 chars)

    This well kept 2 bedroom 1 bathroom home is charming and cozy. It has been maintained and just like new. With modern black appliances and dark cabinets makes for a beautiful kitchen to show off your culinary skills. With a small dining room that flows directly into the living area makes for simple entertaining. This home is ready for you and your belongings. If you are looking for something low maintenance and easy living this one is for you. Call today to schedule a private tour.

19. 2024-12-07
    price $40,900 485-char remark

    Show marketing remark (485 chars)

    This well kept 2 bedroom 1 bathroom home is charming and cozy. It has been maintained and just like new. With modern black appliances and dark cabinets makes for a beautiful kitchen to show off your culinary skills. With a small dining room that flows directly into the living area makes for simple entertaining. This home is ready for you and your belongings. If you are looking for something low maintenance and easy living this one is for you. Call today to schedule a private tour.

20. 2024-11-06
    price $41,900 485-char remark

    Show marketing remark (485 chars)

    This well kept 2 bedroom 1 bathroom home is charming and cozy. It has been maintained and just like new. With modern black appliances and dark cabinets makes for a beautiful kitchen to show off your culinary skills. With a small dining room that flows directly into the living area makes for simple entertaining. This home is ready for you and your belongings. If you are looking for something low maintenance and easy living this one is for you. Call today to schedule a private tour.

21. 2024-10-30
    price $45,900 485-char remark

    Show marketing remark (485 chars)

    This well kept 2 bedroom 1 bathroom home is charming and cozy. It has been maintained and just like new. With modern black appliances and dark cabinets makes for a beautiful kitchen to show off your culinary skills. With a small dining room that flows directly into the living area makes for simple entertaining. This home is ready for you and your belongings. If you are looking for something low maintenance and easy living this one is for you. Call today to schedule a private tour.

22. 2024-10-11
    price $48,900 485-char remark

    Show marketing remark (485 chars)

    This well kept 2 bedroom 1 bathroom home is charming and cozy. It has been maintained and just like new. With modern black appliances and dark cabinets makes for a beautiful kitchen to show off your culinary skills. With a small dining room that flows directly into the living area makes for simple entertaining. This home is ready for you and your belongings. If you are looking for something low maintenance and easy living this one is for you. Call today to schedule a private tour.

23. 2024-09-12
    listed $47,900 Active 485-char remark

    Show marketing remark (485 chars)

    This well kept 2 bedroom 1 bathroom home is charming and cozy. It has been maintained and just like new. With modern black appliances and dark cabinets makes for a beautiful kitchen to show off your culinary skills. With a small dining room that flows directly into the living area makes for simple entertaining. This home is ready for you and your belongings. If you are looking for something low maintenance and easy living this one is for you. Call today to schedule a private tour.

ⓘ 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 2/10 Low 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,418
• − Mortgage interest: −$2,291
• − Property taxes: −$614
• − Insurance: −$204
• − Repairs & maintenance: −$1,073
• − Management: −$1,073
• − Depreciation: −$1,190
• Taxable income: $6,973
• Est. tax owed @ 24.0%: −$1,673
• After-tax cash flow: $5,535/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 · 1 photo

Good 80/100 Cosmetic rehab

This well-maintained 2-bedroom 1-bathroom manufactured home is ready for new owners. It features modern appliances and a cozy layout, making it an excellent low-maintenance option.

Value-add opportunities

• Both Painting exterior siding — Enhances curb appeal and value
• Both Landscaping front yard — Improves curb appeal and rental value
• Both Replace window treatments — Enhances curb appeal and rental value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior siding — Enhances curb appeal and value ↑
• Both Landscaping front yard — Improves curb appeal and rental value ↑
• Both Replace window treatments — Enhances curb appeal 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: North Ridgeville City
• NCES district ID: 3904453
• Math proficiency: 49% ▼ -21.00%
• Reading proficiency: 61% ▼ -11.00%
• Median HH income: $66,437
• Composite: 48.46/100
• National rank: #2130
• State rank: #339 of 656 in OH

Livability — North Ridgeville

• Score: 74/100
• State rank: #305
• US rank: #4924

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Ridgeville, OH
• County: Lorain County · 219,437 people
• City population: 36,780
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 36,780
• Household income: $96,485
• Rent vs Own: 10.1% rent · 89.9% own
• Severe rent burden: 207.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 7% Two or more races 6% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 9% Slovak 3% Lithuanian 3%
• Foreign-born: 5% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -160.14%
• Current HPI: 210.6074
• Rent YoY: —
• Metro: Cleveland-Elyria, 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

-97.2% since first listed

8 events — show timeline

• 2026-05-15 Listed for Rent $1,359 ZUMPER1
• 2026-05-14 Relisted — Zillow
• 2025-01-23 Delisted — Zillow
• 2024-12-07 Price Changed $40,900 Zillow
• 2024-11-06 Price Changed $41,900 Zillow
• 2024-10-30 Price Changed $45,900 Zillow
• 2024-10-11 Price Changed $48,900 Zillow
• 2024-09-12 Listed $47,900 Zillow