7997 Columbus Rd NE · Harrisburg, OH 44641

$200,000

3 bd · 1.0 ba · 1,300 sqft · SingleFamily public records · 20 Days on market

Built 1946 0.31 ac lot Est $202k · at est.

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Why this score? — see what drove the D 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 +13.5/30.0
• ARV discount +7.8/15.0
• Schools +5.9/10.0
• DSCR +4.1/10.0
• Rent growth +3.9/5.0
• Livability +3.1/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 7997 Columbus Road NE in Louisville! This fully updated three-bedroom, one-bath home sits on just over a quarter acre. Inside, you'll find a very spacious living room and an inviting eat-in kitchen featuring granite countertops, all-new cabinets, and brand-new stainless steel appliances. The full bath has also been fully updated, ensuring modern comfort throughout. Move right in and enjoy both the fresh interior and the outdoor space—schedule your tour today!

Key facts

• New cabinets
• Updated home
• Outdoor space

Tags

• UPDATED HOME
• GRANITE COUNTERTOPS
• NEW CABINETS
• STAINLESS STEEL APPLIANCES
• OUTDOOR SPACE

Property features AI

Finance

• Financial info: Annual tax amount reported (2024)

Exterior

• Parking: Driveway
• Utilities: Well water; Septic tank
• Home design: Single-story home; Updated/remodeled; Above-grade living area about 1,300 (assessor)
• Construction: Brick and vinyl siding exterior; Asphalt shingle roof; Year built per public records
• Exterior features: Chain link fence; Lot approximately 0.31 acres

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Gas heating; Central air conditioning
• Interior features: Updated/remodeled condition; 8 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $6 ($76/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (22.0% below list).
• Recommended offer: $156k (22.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#942 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety F.
• Louisville City (suburban): math 67% / reading 70% proficiency, ranked #162 of 656 in OH (top 25%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Louisville Elementary School (math 76% / reading 72%, grade A, #301 of 1,584 statewide, top 20%, 913 students, 30% FRL); Louisville Middle School (math 65% / reading 64%, grade A-, #205 of 654 statewide, top 34%, 673 students, 32% FRL); Louisville High School (math 49% / reading 82%, grade B, #159 of 781 statewide, top 21%, 787 students, 32% FRL) — zoned schools at 32% FRL track the district average.
• Market conditions: Rents rising fast (+5.6%/yr); 88 active listings in the ZIP; solid renter incomes; 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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $20k; list at $200k implies a 876% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $156,069 (22.0% below list)

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.78% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.14%
• DSCR: 1.01
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $201,500
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7997 Columbus Rd NE	0.00mi	3/1.0	1,300 (0%)	0mo	$201,000	$155	100
8204 Columbus Rd NE	0.35mi	3/2.0	1,415 (+9%)	1mo	$355,000	$251	64
7660 Lakefield St	0.34mi	3/2.0	1,487 (+14%)	1mo	$130,000	$87	56
7705 Ravenna Ave	0.44mi	2/1.0 (-1)	1,113 (-14%)	1mo	$166,500	$150	50

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 · 5.57% rent growth · sell at horizon

5-year hold

• IRR: -13.6%
• Equity multiple: 0.50×
• Total profit: $-27,937
• Equity at exit: $29,821

10-year hold

• IRR: -1.5%
• Equity multiple: 0.89×
• Total profit: $-6,194
• Equity at exit: $17,292

Cash invested: $56,000 (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 44641

• Rents YoY: 5.6%
• Active inventory: 88
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,561 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$94 /mo · $1,133/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $6

Break-even live

Break-even rent $1,553

Max offer price $200,000

Occupancy floor 95%

Sensitivity live

Price	-10% $120	-5% $63	+0% $6	+5% $-50	+10% $-107
Rent	-10% $-117	-5% $-55	+0% $6	+5% $68	+10% $130
Rate	-1.0pp $107	-0.5pp $57	base $6	+0.5pp $-45	+1.0pp $-98

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-09
   statusdays on market $200,000 Pending 20 DOM
2. 2026-06-08
   days on market $200,000 Contingent 19 DOM
3. 2026-06-07
   days on market $200,000 Contingent 18 DOM
4. 2026-06-05
   days on market $200,000 Contingent 15 DOM
5. 2026-06-02
   days on market $200,000 Contingent 13 DOM
6. 2026-06-01
   days on market $200,000 Contingent 12 DOM
7. 2026-05-31
   days on market $200,000 Contingent 11 DOM
8. 2026-05-30
   days on market $200,000 Contingent 10 DOM
9. 2026-05-20
   listed $200,000 Active
10. 1992-12-02
    soldstatus $20,500

ⓘ 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: $1,133 · $94/mo
• Projected year-2 tax: $2,127 · $177/mo
• Expected delta: +$993/yr (+$83/mo · 87.7%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,728
• − Mortgage interest: −$11,203
• − Property taxes: −$1,133
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,498
• − Management: −$1,498
• − Depreciation: −$5,818
• Taxable loss: −$3,423
• Est. tax savings @ 24.0%: +$821
• After-tax cash flow: $898/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: Louisville City
• NCES district ID: 3904987
• Math proficiency: 67% ▼ -11.00%
• Reading proficiency: 70% ▼ -4.00%
• Median HH income: $54,455
• Composite: 58.54/100
• National rank: #992
• State rank: #162 of 656 in OH

Livability — Harrisburg

• Score: 61/100
• State rank: #942
• US rank: #18192

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Stark County · 272,865 people
• City population: 360
• Metro: Canton-Massillon, OH
• Population (ZIP): 20,031
• Household income: $80,303
• Rent vs Own: 23.5% rent · 76.5% own
• Severe rent burden: 344.0

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 (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Black 1%
• Common ancestry: Italian 6% Lithuanian 5% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · German/W. Germanic 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: ▼ -203.38%
• Current HPI: 214.6849
• Rent YoY: ▲ 5.57%
• Metro: Canton-Massillon, 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

+875.6% since first listed

2 events — show timeline

• 2026-05-20 Listed $200,000 MLSNOW
• 1992-12-02 Sold (Public Records) $20,500 Public Records

Property tax history

+4.2%/yr

Latest (2024): $1,133 · -0.8% YoY. Source: county tax records.