337 3rd St NW · New Philadelphia, OH 44663

$124,900

3 bd · 1.5 ba · 1,622 sqft · SingleFamily public records · 15 Days on market

Built 1934 7,840 sqft lot $77/sqft · 35% below area Est $192k · 35% 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 +22.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.1/10.0
• 1% rule +5.6/10.0
• Schools +5.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedrooms and 1.5 baths. Bonus room could be office, nursery or walk-in closet. The bright enclosed porch is an inviting start to this home. Spacious rooms 1st floor laundry. This is a homesteps property and is eligible under the Freddie Mac First Look Initiative through 10/19/2012. Taxes include assessments

Key facts

• Flat lot
• First-floor living
• Enclosed front porch

Tags

• FLAT LOT
• FIRST-FLOOR LIVING
• ENCLOSED FRONT PORCH
• EXTERIOR BASEMENT ACCESS

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: 2-story home; Vinyl siding; Asphalt and slate roof
• Construction: Built (year from public records); Vinyl siding construction; Asphalt and slate roofing
• Exterior features: Partial fencing; Lot approximately 50 x 164

Interior

• Kitchen: Dishwasher; Range
• Bedrooms: One main-level bedroom; Two second-level bedrooms
• Flooring: Linoleum flooring in several rooms; Tile flooring in the kitchen
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Forced-air gas heating
• Interior features: Decorative fireplace; Full basement with walk-out access
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $203 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 2.7% in New Philadelphia — 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 75/100 on livability (#265 in OH, #4,229 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• New Philadelphia City (town): math 61% / reading 66% proficiency, ranked #248 of 656 in OH (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 67 active listings in the ZIP; 244 units permitted in Tuscarawas County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Tuscarawas County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 1934 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,026 (1.5% below list)

Questions for the listing agent

1. Built in 1934 — 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 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?
4. 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.
5. 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.
6. 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: 1.06% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.96%
• DSCR: 1.31
• GRM: 7.9

CMA / ARV

• ARV (median comp): $191,939
• List price: $124,900
• Delta: -34.93%
• 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
419 3rd St NW	0.10mi	3/2.0	1,704 (+5%)	7mo	$269,900	$158	79
639 4th St NW	0.31mi	3/2.0	1,544 (-5%)	3mo	$223,000	$144	73
148 North Ave NW	0.13mi	3/1.5	1,403 (-14%)	3mo	$105,000	$75	69
633 4th St NW	0.30mi	3/1.0	1,530 (-6%)	8mo	$200,500	$131	68
728 Oak St NW	0.34mi	3/1.5	1,464 (-10%)	1mo	$244,900	$167	67
214 2nd St SE	0.57mi	3/1.0	1,648 (+2%)	5mo	$150,000	$91	65
671 Orchard Ave NW	0.71mi	3/1.5	1,608 (-1%)	8mo	$257,000	$160	59
944 Grant Ave NW	0.73mi	3/1.0	1,562 (-4%)	6mo	$127,500	$82	52
206 6th St NW	0.42mi	2/1.0 (-1)	1,823 (+12%)	2mo	$122,000	$67	51
913 Oak St NW	0.53mi	3/2.0	1,839 (+13%)	2mo	$315,000	$171	49
919 Oak St NW	0.54mi	3/3.0	1,780 (+10%)	8mo	$385,535	$217	46
185 Wabash Ave NW	0.70mi	3/2.0	1,392 (-14%)	5mo	$175,000	$126	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: -5.6%
• Equity multiple: 0.79×
• Total profit: $-7,320
• Equity at exit: $18,623

10-year hold

• IRR: 4.0%
• Equity multiple: 1.29×
• Total profit: $10,285
• Equity at exit: $10,799

Cash invested: $34,972 (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 44663

• Active inventory: 67
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,325 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$137 /mo · $1,645/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $203

Break-even live

Break-even rent $1,068

Max offer price $124,900

Occupancy floor 80%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-07
   listed $124,900 Active 589-char remark
2. 2012-11-08
   soldstatus $42,000 312-char remark

   Show marketing remark (312 chars)

   3 bedrooms and 1.5 baths. Bonus room could be office, nursery or walk-in closet. The bright enclosed porch is an inviting start to this home. Spacious rooms 1st floor laundry. This is a homesteps property and is eligible under the Freddie Mac First Look Initiative through 10/19/2012. Taxes include assessments

3. 2012-10-04
   listed $44,900 312-char remark

   Show marketing remark (312 chars)

   3 bedrooms and 1.5 baths. Bonus room could be office, nursery or walk-in closet. The bright enclosed porch is an inviting start to this home. Spacious rooms 1st floor laundry. This is a homesteps property and is eligible under the Freddie Mac First Look Initiative through 10/19/2012. Taxes include assessments

4. 2010-07-13
   historical
5. 2010-01-13
   listed $79,900
6. 2008-01-04
   soldstatus $75,000
7. 2007-12-31
   soldstatus $75,000
8. 2007-07-16
   listed $76,900

ⓘ 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: $1,645 · $137/mo
• Projected year-2 tax: $1,796 · $150/mo
• Expected delta: +$152/yr (+$13/mo · 9.2%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 18 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: $15,901
• − Mortgage interest: −$6,996
• − Property taxes: −$1,645
• − Insurance: −$624
• − Repairs & maintenance: −$1,272
• − Management: −$1,272
• − Depreciation: −$3,633
• Taxable income: $458
• Est. tax owed @ 24.0%: −$110
• After-tax cash flow: $2,323/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: New Philadelphia City
• NCES district ID: 3904448
• Math proficiency: 61% ▼ -5.00%
• Reading proficiency: 66% ▼ -3.00%
• Median HH income: $42,895
• Composite: 53.28/100
• National rank: #1490
• State rank: #248 of 656 in OH

Livability — New Philadelphia

• Score: 75/100
• State rank: #265
• US rank: #4229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Philadelphia, OH
• County: Tuscarawas · 99,287 people
• City population: 24,732
• Population (ZIP): 24,732
• Household income: $62,383
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 20.1

Population outlook (Tuscarawas County) Hauer SSP2

• Today (2025): 92,253 people
• By 2030: 91,060 · -1.3%
• By 2040: 87,479 · -5.2%
• By 2050: 83,174 · -9.8%
• By 2075: 72,000 · -22.0%
• By 2100: 58,574 · -36.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 8% Two or more races 3% Asian 1%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Slovak 3% Serbian 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 6% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Tuscarawas

• 2024 margin: Solid R (+43.3) · D 28.0% · R 71.2%
• 2008→2024 swing: -45.7pp toward R · 2008: 2.4pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+39.9 2016: R+35.5 2012: R+9.8 2008: D+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -201.12%
• Current HPI: 180.4068
• 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

+43.0% since first listed

10 events — show timeline

• 2026-06-15 Sold (MLS) $110,000 MLSNOW
• 2026-05-22 Pending — MLSNOW
• 2026-05-07 Listed $124,900 MLSNOW
• 2012-11-08 Sold (MLS) $42,000 MLSNOW
• 2012-10-04 Listed $44,900 MLSNOW
• 2010-07-13 Listing Removed — MLSNOW
• 2010-01-13 Listed $79,900 MLSNOW
• 2008-01-04 Sold (Public Records) $75,000 Public Records
• 2007-12-31 Sold (MLS) $75,000 MLSNOW
• 2007-07-16 Listed $76,900 MLSNOW

Property tax history

+3.2%/yr

Latest (2025): $1,645 · +23.4% YoY. Source: county tax records.