1575 Main St · Stockport, OH 43787

$66,500

4 bd · 2.0 ba · 1,227 sqft · MultiFamily public records · 72 Days on market

Built 1920 5,201 sqft lot

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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
• Appreciation +8.8/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Key facts

• 5,201 sq ft lot
• Built 1920
• Listed 72 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $66k.

Deal economics

• At list price, monthly cash flow is $538 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $66k).
• Recommended offer: $63k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#799 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, crime D, amenities F.
• Morgan Local (rural): math 46% / reading 60% proficiency, ranked #420 of 656 in OH (top 64%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 27 active listings in the ZIP; 34 units permitted in Morgan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($460 loan paydown + $5k appreciation (7.6% local appreciation)).
• Morgan County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.6% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y 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.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $62,510 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.84% ✓
• Cap rate: 16.00%
• Cash-on-cash: 34.66%
• DSCR: 2.54
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.62% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 47.4%
• Equity multiple: 4.23×
• Total profit: $60,056
• Equity at exit: $48,824

10-year hold

• IRR: 43.0%
• Equity multiple: 8.99×
• Total profit: $148,772
• Equity at exit: $95,339

Cash invested: $18,620 (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 43787

• Home prices YoY: 4.3%
• Active inventory: 27
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,223 medium
• Mortgage (P&I): −$349
• Tax from tax record: −$52 /mo · $625/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $538

Break-even live

Break-even rent $542

Max offer price $66,500

Occupancy floor 51%

Sensitivity live

Price	-10% $576	-5% $557	+0% $538	+5% $519	+10% $500
Rent	-10% $441	-5% $490	+0% $538	+5% $586	+10% $635
Rate	-1.0pp $571	-0.5pp $555	base $538	+0.5pp $521	+1.0pp $503

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: $16,625
• Closing costs: $1,995
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-21
   days on market $66,500 Active 72 DOM
2. 2026-06-18
   days on market $66,500 Active 70 DOM
3. 2026-06-17
   days on market $66,500 Active 69 DOM
4. 2026-06-16
   days on market $66,500 Active 68 DOM
5. 2026-06-15
   days on market $66,500 Active 67 DOM
6. 2026-06-13
   days on market $66,500 Active 65 DOM
7. 2026-06-12
   days on market $66,500 Active 64 DOM
8. 2026-06-09
   days on market $66,500 Active 61 DOM
9. 2026-06-08
   days on market $66,500 Active 60 DOM
10. 2026-06-08
    days on market $66,500 Active 59 DOM
11. 2026-06-07
    days on market $66,500 Active 58 DOM
12. 2026-06-04
    days on market $66,500 Active 55 DOM
13. 2026-06-02
    days on market $66,500 Active 54 DOM
14. 2026-06-01
    days on market $66,500 Active 53 DOM
15. 2026-05-31
    days on market $66,500 Active 52 DOM
16. 2026-04-28
    price $67,900
17. 2026-04-08
    listed $69,900 Active
18. 2024-03-13
    soldstatus $245,500
19. 2023-12-05
    historical
20. 2023-09-19
    status Pending
21. 2023-06-27
    historical Contingent
22. 2023-04-04
    listed $64,900 Active
23. 2022-12-31
    historical
24. 2022-12-31
    status Pending
25. 2022-09-01
    historical Contingent
26. 2022-09-01
    status Pending
27. 2022-07-09
    price $64,900
28. 2022-06-29
    listed $39,900 Active
29. 2020-07-06
    soldstatus $18,000
30. 2020-06-30
    soldstatus $18,000
31. 2020-04-14
    listed $39,900
32. 2001-09-28
    soldstatus $21,000

ⓘ 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: $625 · $52/mo
• Projected year-2 tax: $831 · $69/mo
• Expected delta: +$206/yr (+$17/mo · 33.0%)

ⓘ 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 4/10 Moderate 7 d/yr ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,679
• − Mortgage interest: −$3,725
• − Property taxes: −$625
• − Insurance: −$332
• − Repairs & maintenance: −$1,174
• − Management: −$1,174
• − Depreciation: −$1,935
• Taxable income: $5,714
• Est. tax owed @ 24.0%: −$1,371
• After-tax cash flow: $5,083/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: Morgan Local
• NCES district ID: 3904877
• Math proficiency: 46% ▼ -20.00%
• Reading proficiency: 60% ▼ -9.00%
• Median HH income: $36,523
• Composite: 43.93/100
• National rank: #2907
• State rank: #420 of 656 in OH

Livability — Stockport

• Score: 64/100
• State rank: #799
• US rank: #14666

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stockport, OH
• County: Morgan · 19,509 people
• Population (ZIP): 2,681
• Household income: $49,375
• Rent vs Own: 17.2% rent · 82.8% own
• Severe rent burden: 4.8

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 14,024 people
• By 2030: 13,485 · -3.8%
• By 2040: 12,222 · -12.8%
• By 2050: 10,912 · -22.2%
• By 2075: 8,181 · -41.7%
• By 2100: 5,838 · -58.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Black 4% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · German/W. Germanic 2% French/Haitian/Cajun 1%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+53.2) · D 23.0% · R 76.2%
• 2008→2024 swing: -46.0pp toward R · 2008: -7.2pp · 2024: -53.2pp
• All cycles: 2024: R+53.2 2020: R+48.4 2016: R+41.4 2012: R+6.0 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.62%
• Current HPI: 182.9504
• 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

+223.3% since first listed

17 events — show timeline

• 2026-04-28 Price Changed $67,900 MLSNOW
• 2026-04-08 Listed $69,900 MLSNOW
• 2024-03-13 Sold (Public Records) $245,500 Public Records
• 2023-12-05 Listing Removed — MLSNOW
• 2023-09-19 Pending — MLSNOW
• 2023-06-27 Contingent — MLSNOW
• 2023-04-04 Listed $64,900 MLSNOW
• 2022-12-31 Listing Removed — MLSNOW
• 2022-12-31 Pending — MLSNOW
• 2022-09-01 Contingent — MLSNOW
• 2022-09-01 Pending — MLSNOW
• 2022-07-09 Price Changed $64,900 MLSNOW
• 2022-06-29 Listed $39,900 MLSNOW
• 2020-07-06 Sold (Public Records) $18,000 Public Records
• 2020-06-30 Sold (MLS) $18,000 MLSNOW
• 2020-04-14 Listed $39,900 MLSNOW
• 2001-09-28 Sold (Public Records) $21,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $625 · +0.5% YoY. Source: county tax records.