135 S Roosevelt Ave · Lancaster, OH 43130

$70,000

2 bd · 1.0 ba · 988 sqft · SingleFamily public records · 12 Days on market

Built 1900 4,791 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
• ARV discount +7.5/15.0
• Livability +4.3/5.0
• Rent growth +3.8/5.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Calling all investors and rehab enthusiasts! Opportunity awaits with this 2 bedroom, 1 bath home with a large fenced in backyard. Featuring solid potential and a functional layout, this property is ready for its next owner to bring their vision and updates. Home offers a great opportunity for investors, flippers, or buyers looking to build equity. Bring your ideas and unlock the possibilities. Updates include - New Roof 2021, new hot water tank 2021, new windows 2020, new furnace 2020. Being sold AS-IS.

Key facts

• New furnace
• New hot water tank
• New roof

Tags

• LARGE FENCED BACKYARD
• NEW ROOF
• NEW HOT WATER TANK
• NEW WINDOWS
• NEW FURNACE

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two stories; No shared/common walls; Built in 1900
• Construction: Poured foundation
• Exterior features: Fenced yard; Shed(s) on the property

Interior

• Flooring: Laminate flooring; Carpet flooring
• Bathrooms: 1 full bathroom
• Interior features: Insulated windows throughout; Partial basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $128 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Cap rate 16.4% vs local median 4.0% in Lancaster — 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 86/100 on livability (#41 in OH, #423 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D, employment D.
• Lancaster City (town): math 38% / reading 51% proficiency, ranked #504 of 656 in OH (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.2%/yr); 204 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% of comp listings sitting > 30 days — soft ceiling on asking rent; 475 units permitted in Fairfield County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Fairfield County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 5.2% rent growth), your $20k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,000

Questions for the listing agent

1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.97% ✓
• Cap rate: 16.39%
• Cash-on-cash: 36.06%
• DSCR: 2.60
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $178,828
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Talmadge Ave	0.12mi	2/1.0	884 (-10%)	2mo	$202,500	$229	75
134 Sherman Ave	0.35mi	3/1.0 (+1)	944 (-4%)	1mo	$180,000	$191	71
507 Washington Ave	0.54mi	3/1.0 (+1)	994 (+1%)	3mo	$180,000	$181	66
335 Whiley Ave	0.48mi	2/2.0	960 (-3%)	3mo	$62,000	$65	66
403 Harrison Ave	0.45mi	2/1.0	916 (-7%)	1mo	$207,500	$227	66
216 Witte St	0.17mi	3/1.0 (+1)	864 (-13%)	0mo	$135,000	$156	66
621 Washington Ave	0.65mi	2/1.0	976 (-1%)	3mo	$65,000	$67	65
757 W Mulberry St	0.35mi	3/1.0 (+1)	1,056 (+7%)	2mo	$55,000	$52	65
233 Lewis Ave	0.71mi	3/1.0 (+1)	988 (0%)	1mo	$154,900	$157	61
219 Peters Ave	0.24mi	3/2.0 (+1)	1,104 (+12%)	3mo	$242,500	$220	57
611 Mckinley Ave	0.69mi	3/1.0 (+1)	948 (-4%)	2mo	$173,000	$182	55
1642 W Union St	0.74mi	2/1.0	1,112 (+13%)	2mo	$50,000	$45	43

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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: 0.4%
• Equity multiple: 1.02×
• Total profit: $297
• Equity at exit: $10,437

10-year hold

• IRR: 13.7%
• Equity multiple: 2.30×
• Total profit: $25,568
• Equity at exit: $6,052

Cash invested: $19,600 (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 43130

• Rents YoY: 5.2%
• Active inventory: 204
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,377 high
• Mortgage (P&I): −$367
• Tax from tax record: −$103 /mo · $1,232/yr
• Insurance: −$29
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $128

Break-even live

Break-even rent $1,214

Max offer price $70,000

Occupancy floor 86%

Sensitivity live

Price	-10% $168	-5% $148	+0% $128	+5% $109	+10% $89
Rent	-10% $20	-5% $74	+0% $128	+5% $183	+10% $237
Rate	-1.0pp $164	-0.5pp $146	base $128	+0.5pp $110	+1.0pp $92

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
219 N Columbus St Lancaster, OH	1.0–2.0	1.0–2.0	1184	$1,895	$1.60	2d	31	0.60mi
219 N Columbus St Unit 206 Lancaster, OH	1.0	1.0	559	$1,345	$2.41	44d	1	0.60mi
219 N Columbus St Unit 213 Lancaster, OH	1.0	1.0	755	$1,245	$1.65	44d	1	0.60mi
219 N Columbus St Unit 205 Lancaster, OH	2.0	2.0	1103	$1,875	$1.70	44d	1	0.60mi
219 N Columbus St Lancaster, OH	1.0	1.0	686	$1,440	$2.10	44d	1	0.60mi
219 N Columbus St Unit 237 Lancaster, OH	1.0	1.0	564	$1,395	$2.47	44d	1	0.60mi
219 N Columbus St Unit 231 Lancaster, OH	2.0	2.0	975	$1,735	$1.78	44d	1	0.60mi
607 Slocum Ave Unit B Lancaster, OH	2.0	1.0	625	$1,050	$1.68	44d	1	0.62mi
607 Slocum Ave Unit A Lancaster, OH	2.0	1.0	800	$1,200	$1.50	44d	1	0.62mi
123 W Walnut St Unit C Lancaster, OH	1.0	1.0	660	$875	$1.33	18d	1	0.64mi
123 W Walnut St Apt F Lancaster, OH	2.0	1.0	832	$1,100	$1.32	19d	1	0.64mi
123 N Broad St Unit 201 Lancaster, OH	1.0	1.5	592	$1,350	$2.28	4d	1	0.70mi
1405 Conquest ST Lancaster, OH	1.0	1.0	681	$1,260	$1.85	2d	1	0.71mi
1508 Greyfield ST Lancaster, OH	1.0–3.0	1.0–2.0	953	$1,564	$1.64	2d	1	0.72mi
128 N Broad St Lancaster, OH	1.0	1.0	573	$1,250	$2.18	44d	1	0.74mi
622 N Broad St Unit B Lancaster, OH	2.0	1.0	700	$1,050	$1.50	44d	1	0.94mi
1733 Bellmeadow Dr Lancaster, OH	1.0–3.0	1.0–2.5	993	$1,607	$1.62	2d	10	1.44mi

Listing history 10 events

1. 2026-06-19
   price $70,000 Active 12 DOM
2. 2026-06-18
   days on market $80,000 Active 12 DOM
3. 2026-06-17
   days on market $80,000 Active 11 DOM
4. 2026-06-16
   days on market $80,000 Active 10 DOM
5. 2026-06-15
   days on market $80,000 Active 9 DOM
6. 2026-06-13
   days on market $80,000 Active 7 DOM
7. 2026-06-09
   days on market $80,000 Active 3 DOM
8. 2026-06-08
   days on market $80,000 Active 2 DOM
9. 2026-06-07
   remarks 508-char remark
10. 2026-06-07
    listed $80,000 Active 1 DOM

ⓘ 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: $1,232 · $103/mo
• Projected year-2 tax: $1,232 · $103/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone AE · 51% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,524
• − Mortgage interest: −$3,921
• − Property taxes: −$1,232
• − Insurance: −$5,875
• − Repairs & maintenance: −$1,322
• − Management: −$1,322
• − Depreciation: −$2,036
• Taxable income: $816
• Est. tax owed @ 24.0%: −$196
• After-tax cash flow: $1,346/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: Lancaster City
• NCES district ID: 3904420
• Math proficiency: 38% ▼ -21.00%
• Reading proficiency: 51% ▼ -11.00%
• Median HH income: $41,696
• Composite: 37.39/100
• National rank: #4427
• State rank: #504 of 656 in OH

Livability — Lancaster

• Score: 86/100
• State rank: #41
• US rank: #423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lancaster, OH
• County: Fairfield County · 109,896 people
• City population: 62,933
• Metro: Columbus, OH
• Population (ZIP): 62,933
• Household income: $72,153
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 1400.0

Population outlook (Fairfield County) Hauer SSP2

• Today (2025): 162,442 people
• By 2030: 166,796 · +2.7%
• By 2040: 172,835 · +6.4%
• By 2050: 174,822 · +7.6%
• By 2075: 174,938 · +7.7%
• By 2100: 160,988 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 2% Black 2%
• Common ancestry: Slovak 2% Italian 1% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Fairfield

• 2024 margin: Strong R (+24.1) · D 37.5% · R 61.6%
• 2008→2024 swing: -6.9pp toward R · 2008: -17.1pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.5 2016: R+27.0 2012: R+16.1 2008: R+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -298.81%
• Current HPI: 239.6352
• Rent YoY: ▲ 5.22%
• Metro: Columbus, 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

1 event — show timeline

• 2026-06-06 Listed $80,000 CBRMLS

Property tax history

+24.3%/yr

Latest (2025): $1,232 · +38.7% YoY. Source: county tax records.