250 N Grand Ave · Marion, OH 43302

$115,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 217 Days on market

Built 2002 7,405 sqft lot $120/sqft · 6% above area Est $108k · 6% over

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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 +26.8/30.0
• DSCR +9.2/10.0
• 1% rule +6.5/10.0
• ARV discount +4.7/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

Key facts

• New shower
• New flooring
• New countertop

Tags

• NEW FLOORING
• NEW COUNTERTOP
• COMPLETELY REDONE BATHROOM
• NEW TUB
• NEW SHOWER
• NEW FIXTURES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $315 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 6.9% in Marion — 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 65/100 on livability (#704 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D+, amenities F.
• Marion City (town): math 22% / reading 31% proficiency, ranked #600 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 210 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Marion County population projected at -18% 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 ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 217 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $35k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 217 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.15% ✓
• Cap rate: 9.58%
• Cash-on-cash: 11.74%
• DSCR: 1.52
• GRM: 7.2

CMA / ARV

• ARV (median comp): $108,248
• List price: $115,000
• Delta: 6.24%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
467 Jefferson St	0.32mi	3/1.0	1,000 (+4%)	3mo	$30,000	$30	76
921 Adams St	0.34mi	2/1.0 (-1)	960 (0%)	6mo	$106,000	$110	74
554 Wilson Ave	0.30mi	3/1.0	1,040 (+8%)	6mo	$60,000	$58	67
222 Uhler Ave	0.40mi	2/1.0 (-1)	880 (-8%)	1mo	$155,000	$176	62
516 Polk St	0.42mi	3/1.0	1,087 (+13%)	1mo	$39,000	$36	58
240 Chicago Ave	0.33mi	3/2.0	1,090 (+14%)	5mo	$169,000	$155	54
484 Grant St	0.45mi	3/1.0	1,068 (+11%)	9mo	$136,000	$127	53
283 Clover Ave	0.69mi	2/1.0 (-1)	910 (-5%)	3mo	$218,000	$240	52
721 Robinson St	0.64mi	3/1.0	864 (-10%)	4mo	$159,900	$185	50
214 Merchant Ave	0.61mi	3/1.0	842 (-12%)	7mo	$165,000	$196	46
367 Forest Lawn Blvd	0.63mi	2/1.0 (-1)	1,040 (+8%)	8mo	$118,450	$114	45
381 Forest Lawn Blvd	0.65mi	3/1.5	1,092 (+14%)	8mo	$222,000	$203	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: 1.1%
• Equity multiple: 1.04×
• Total profit: $1,405
• Equity at exit: $17,147

10-year hold

• IRR: 10.8%
• Equity multiple: 1.84×
• Total profit: $26,977
• Equity at exit: $9,943

Cash invested: $32,200 (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 43302

• Home prices YoY: -33.9%
• Active inventory: 210
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,326 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$82 /mo · $979/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $315

Break-even live

Break-even rent $927

Max offer price $115,000

Occupancy floor 71%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
133 Garden St Unit 131 Marion, OH	2.0	1.0	752	$900	$1.20	43d	1	1.29mi

Listing history 28 events

1. 2026-06-19
   days on market $115,000 Active 217 DOM
2. 2026-06-18
   days on market $115,000 Active 216 DOM
3. 2026-06-17
   days on market $115,000 Active 215 DOM
4. 2026-06-16
   days on market $115,000 Active 214 DOM
5. 2026-06-15
   days on market $115,000 Active 213 DOM
6. 2026-06-14
   days on market $115,000 Active 211 DOM
7. 2026-06-12
   pricedays on market $115,000 Active 210 DOM
8. 2026-06-09
   days on market $120,000 Active 207 DOM
9. 2026-06-08
   days on market $120,000 Active 206 DOM
10. 2026-06-07
    days on market $120,000 Active 205 DOM
11. 2026-06-05
    days on market $120,000 Active 202 DOM
12. 2026-06-03
    days on market $120,000 Active 201 DOM
13. 2026-06-02
    days on market $120,000 Active 200 DOM
14. 2026-06-01
    days on market $120,000 Active 199 DOM
15. 2026-05-31
    days on market $120,000 Active 198 DOM
16. 2026-05-30
    days on market $120,000 Active 197 DOM
17. 2026-03-21
    price $120,000 554-char remark

    Show marketing remark (554 chars)

    This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

18. 2026-03-04
    price $130,000 554-char remark

    Show marketing remark (554 chars)

    This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

19. 2026-02-04
    status Active 554-char remark

    Show marketing remark (554 chars)

    This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

20. 2026-02-04
    price $135,500 554-char remark

    Show marketing remark (554 chars)

    This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

21. 2025-12-29
    historical 554-char remark

    Show marketing remark (554 chars)

    This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

22. 2025-10-28
    price $139,900 554-char remark

    Show marketing remark (554 chars)

    This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

23. 2025-10-15
    price $144,900 554-char remark

    Show marketing remark (554 chars)

    This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

24. 2025-10-08
    listed $149,900 Active 554-char remark

    Show marketing remark (554 chars)

    This 3 bedroom, 1 bath ranch has had some solid updates and is ready for its next owner. Inside, you'll find new flooring throughout, with new carpet in the bedrooms for added comfort. The kitchen features a new countertop, and the bathroom has been completely redone with a new tub and shower, new fixtures, and a lighted medicine cabinet. The interior and exterior shed and door have been freshly painted, and the yard has been leveled with newly planted grass. Other updates include a new hot water heater, two new storm doors, and off street parking.

25. 2025-06-09
    historical
26. 2025-05-29
    listed $130,000 Active
27. 2016-11-01
    soldstatus $115,400
28. 2002-06-24
    soldstatus $62,000

ⓘ 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: $979 · $82/mo
• Projected year-2 tax: $1,386 · $116/mo
• Expected delta: +$408/yr (+$34/mo · 41.6%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,911
• − Mortgage interest: −$6,442
• − Property taxes: −$979
• − Insurance: −$575
• − Repairs & maintenance: −$1,273
• − Management: −$1,273
• − Depreciation: −$3,345
• Taxable income: $2,024
• Est. tax owed @ 24.0%: −$486
• After-tax cash flow: $3,293/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: Marion City
• NCES district ID: 3904433
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $32,327
• Composite: 21.58/100
• National rank: #8306
• State rank: #600 of 656 in OH

Livability — Marion

• Score: 65/100
• State rank: #704
• US rank: #12605

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, OH
• County: Marion County · 53,702 people
• City population: 53,702
• Metro: Marion, OH
• Population (ZIP): 53,702
• Household income: $55,057
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1554.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.52%
• Current HPI: 223.5344
• Rent YoY: —
• Metro: Marion, 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

+93.5% since first listed

12 events — show timeline

• 2026-03-21 Price Changed $120,000 CBRMLS
• 2026-03-04 Price Changed $130,000 CBRMLS
• 2026-02-04 Relisted — CBRMLS
• 2026-02-04 Price Changed $135,500 CBRMLS
• 2025-12-29 Listing Removed — CBRMLS
• 2025-10-28 Price Changed $139,900 CBRMLS
• 2025-10-15 Price Changed $144,900 CBRMLS
• 2025-10-08 Listed $149,900 CBRMLS
• 2025-06-09 Listing Removed — CBRMLS
• 2025-05-29 Listed $130,000 CBRMLS
• 2016-11-01 Sold (Public Records) $115,400 Public Records
• 2002-06-24 Sold (Public Records) $62,000 Public Records

Property tax history

+3.4%/yr

Latest (2025): $979 · +0.0% YoY. Source: county tax records.