559 E Market St · Celina, OH 45822

$154,900

3 bd · 1.0 ba · 1,059 sqft · SingleFamily public records · 42 Days on market

Built 1930 6,534 sqft lot $146/sqft · 15% below area Est $182k · 15% under

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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 +22.3/30.0
• ARV discount +14.3/15.0
• DSCR +7.1/10.0
• 1% rule +5.0/10.0
• Schools +5.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come take a look at this centrally located well kept home in the heart of Celina. Close to the lake, shopping and restaurants.With 3 bedrooms, 1 bath, and a detached 1 car garage. This could be yours cheaper than you are paying for rent. Make that call today!

Key facts

• Close to restaurants
• Close to the lake
• Centrally located

Tags

• CENTRALLY LOCATED
• CLOSE TO THE LAKE
• CLOSE TO SHOPPING
• CLOSE TO RESTAURANTS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $150k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 4.9% in Celina — 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 71/100 on livability (#397 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Celina City (town): math 64% / reading 55% proficiency, ranked #299 of 656 in OH (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 67 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 92 units permitted in Mercer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Mercer County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,253 (3.0% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.00% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.07%
• DSCR: 1.31
• GRM: 8.3

CMA / ARV

• ARV (median comp): $182,408
• List price: $154,900
• Delta: -15.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 E Blake St	0.54mi	2/1.0 (-1)	1,056 (-0%)	2mo	$160,000	$152	68
313 E Fulton St	0.33mi	2/1.0 (-1)	1,118 (+6%)	16mo	$85,000	$76	57
601 E Market St	0.04mi	2/1.0 (-1)	908 (-14%)	15mo	$140,000	$154	57
225 Parkview Dr	0.64mi	3/1.0	1,020 (-4%)	14mo	$213,000	$209	52
320 S Walnut St	0.61mi	2/1.5 (-1)	1,051 (-1%)	16mo	$110,000	$105	51
319 E Wayne St	0.39mi	3/2.0	1,200 (+13%)	7mo	$254,900	$212	50
213 Eastview Dr	0.73mi	3/1.0	1,032 (-2%)	14mo	$182,500	$177	50
524 N Buckeye St	0.41mi	3/2.0	1,215 (+15%)	6mo	$244,900	$202	47
836 Hemlock St	0.69mi	3/1.0	936 (-12%)	7mo	$164,000	$175	43
610 Maple St	0.40mi	3/2.0	1,190 (+12%)	19mo	$198,000	$166	40
834 Hemlock St	0.68mi	3/1.0	936 (-12%)	13mo	$177,000	$189	38
221 S Mill St	0.75mi	2/1.0 (-1)	902 (-15%)	12mo	$150,000	$166	25

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: -5.5%
• Equity multiple: 0.80×
• Total profit: $-8,858
• Equity at exit: $23,096

10-year hold

• IRR: 4.1%
• Equity multiple: 1.30×
• Total profit: $13,092
• Equity at exit: $13,393

Cash invested: $43,372 (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 45822

• Active inventory: 67
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,550 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$92 /mo · $1,104/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $256

Break-even live

Break-even rent $1,226

Max offer price $154,900

Occupancy floor 79%

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2006 Legacy LN Unit 2010-303 Celina, OH	2.0	2.0	1007	$1,550	$1.54	44d	1	1.43mi

Listing history 6 events

1. 2026-06-01
   status $154,900 Pending 42 DOM
2. 2026-06-01
   days on market $154,900 Active 42 DOM
3. 2026-05-31
   days on market $154,900 Active 41 DOM
4. 2026-05-11
   status Active 259-char remark

   Show marketing remark (259 chars)

   Come take a look at this centrally located well kept home in the heart of Celina. Close to the lake, shopping and restaurants.With 3 bedrooms, 1 bath, and a detached 1 car garage. This could be yours cheaper than you are paying for rent. Make that call today!

5. 2026-04-24
   historical Contingency - Finance and Inspections 259-char remark

   Show marketing remark (259 chars)

   Come take a look at this centrally located well kept home in the heart of Celina. Close to the lake, shopping and restaurants.With 3 bedrooms, 1 bath, and a detached 1 car garage. This could be yours cheaper than you are paying for rent. Make that call today!

6. 2026-04-17
   listed $154,900 Active 259-char remark

   Show marketing remark (259 chars)

   Come take a look at this centrally located well kept home in the heart of Celina. Close to the lake, shopping and restaurants.With 3 bedrooms, 1 bath, and a detached 1 car garage. This could be yours cheaper than you are paying for rent. Make that call today!

ⓘ 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: $1,104 · $92/mo
• Projected year-2 tax: $1,760 · $147/mo
• Expected delta: +$656/yr (+$55/mo · 59.4%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,600
• − Mortgage interest: −$8,677
• − Property taxes: −$1,104
• − Insurance: −$774
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$4,506
• Taxable income: $562
• Est. tax owed @ 24.0%: −$135
• After-tax cash flow: $2,933/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: Celina City
• NCES district ID: 3910030
• Math proficiency: 64% ▼ -9.00%
• Reading proficiency: 55% ▼ -9.00%
• Median HH income: $47,168
• Composite: 50.44/100
• National rank: #1864
• State rank: #299 of 656 in OH

Livability — Celina

• Score: 71/100
• State rank: #397
• US rank: #6556

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Celina, OH
• County: Mercer · 42,068 people
• Population (ZIP): 20,170
• Household income: $72,106
• Rent vs Own: 25.4% rent · 74.6% own
• Severe rent burden: 15.9

Population outlook (Mercer County) Hauer SSP2

• Today (2025): 40,163 people
• By 2030: 39,367 · -2.0%
• By 2040: 37,406 · -6.9%
• By 2050: 34,917 · -13.1%
• By 2075: 28,969 · -27.9%
• By 2100: 21,338 · -46.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 2% Black 1%
• Common ancestry: Lithuanian 3% Slovak 1% Iranian 1%
• Foreign-born: 1% · Canada, Vietnam
• Languages at home: 98% English-only · German/W. Germanic 1%

Political lean MEDSL · Mercer

• 2024 margin: Solid R (+66.7) · D 16.3% · R 83.0%
• 2008→2024 swing: -23.2pp toward R · 2008: -43.5pp · 2024: -66.7pp
• All cycles: 2024: R+66.7 2020: R+64.9 2016: R+65.0 2012: R+54.8 2008: R+43.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.25%
• Current HPI: 204.0486
• 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

3 events — show timeline

• 2026-05-11 Relisted — WRIST
• 2026-04-24 Contingent — WRIST
• 2026-04-17 Listed $154,900 WRIST

Property tax history

+2.9%/yr

Latest (2024): $1,104 · -2.3% YoY. Source: county tax records.