129 2nd St SW · Strasburg, OH 44680

$169,900

3 bd · 1.0 ba · 1,655 sqft · SingleFamily public records · 7 Days on market

Built 1900 8,908 sqft lot Est $228k · 26% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +14.0/30.0
• Schools +5.5/10.0
• DSCR +4.3/10.0
• 1% rule +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom, 2 story home. First floor laundry room and full bath. 3 spacious bedrooms. Full basement. Some replacement windows. Whole house fan. Covered patio. Chain link fenced backyard. Convenient location in Strasburg. Garage to be torn down by current owner.

Key facts

• Large living room
• Off-street parking
• Back patio

Tags

• LARGE LIVING ROOM
• PARTIALLY FENCED BACKYARD
• BACK PATIO
• OFF-STREET PARKING
• STRASBURG SCHOOL DISTRICT

Property features AI

Finance

• Financial info: Annual property tax about $1,773 (2025)

Exterior

• Parking: Driveway parking
• Utilities: Public water; Public sewer
• Home design: Two stories; Above-grade finished area about 1,655 (per assessor)
• Construction: Metal siding; Asphalt/fiberglass shingle roof
• Exterior features: Driveway; Lot about 0.20 acres

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Forced-air gas heating; Central air conditioning
• Interior features: Full unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $22 ($267/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 $143k (15.7% below list).
• Recommended offer: $143k (15.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#587 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Strasburg-Franklin Local (rural): math 61% / reading 69% proficiency, ranked #219 of 656 in OH (top 33%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 15 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 $1k of loan paydown is wiped out by about $5k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y 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.
• Current owner paid $73k; list at $170k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $143,275 (15.7% below list)

Questions for the listing agent

1. Built in 1900 — 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 A-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: 0.84% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.56%
• DSCR: 1.03
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $228,390
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 4th St NE	0.37mi	3/1.0	1,695 (+2%)	6mo	$134,000	$79	73
119 5th St SW	0.19mi	4/1.5 (+1)	1,623 (-2%)	11mo	$225,000	$139	72
111 S Bodmer Ave	0.10mi	3/2.5	1,632 (-1%)	20mo	$225,000	$138	70
310 S Wooster Ave	0.09mi	4/2.0 (+1)	1,870 (+13%)	21mo	$234,900	$126	47

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: -15.4%
• Equity multiple: 0.45×
• Total profit: $-26,130
• Equity at exit: $25,333

10-year hold

• IRR: -6.9%
• Equity multiple: 0.56×
• Total profit: $-21,000
• Equity at exit: $14,690

Cash invested: $47,572 (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 44680

• Home prices YoY: -14.8%
• Active inventory: 15
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,433 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$148 /mo · $1,774/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $22

Break-even live

Break-even rent $1,405

Max offer price $169,900

Occupancy floor 93%

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-09
   status $169,900 Pending 7 DOM
2. 2026-06-08
   days on market $169,900 Active 7 DOM
3. 2026-06-08
   days on market $169,900 Active 6 DOM
4. 2026-06-05
   days on market $169,900 Active 4 DOM
5. 2026-06-04
   days on market $169,900 Active 2 DOM
6. 2026-06-01
   remarks 670-char remark
7. 2026-06-01
   listed $169,900 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: $1,774 · $148/mo
• Projected year-2 tax: $2,212 · $184/mo
• Expected delta: +$438/yr (+$37/mo · 24.7%)

ⓘ 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 3/10 Moderate
• 🌡 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,193
• − Mortgage interest: −$9,517
• − Property taxes: −$1,774
• − Insurance: −$850
• − Repairs & maintenance: −$1,375
• − Management: −$1,375
• − Depreciation: −$4,943
• Taxable loss: −$2,641
• Est. tax savings @ 24.0%: +$634
• After-tax cash flow: $901/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: Strasburg-Franklin Local
• NCES district ID: 3905029
• Math proficiency: 61% ▼ -4.00%
• Reading proficiency: 69% ▲ 1.00%
• Median HH income: $47,092
• Composite: 54.92/100
• National rank: #1309
• State rank: #219 of 656 in OH

Livability — Strasburg

• Score: 68/100
• State rank: #587
• US rank: #10003

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Strasburg, OH
• County: Tuscarawas · 99,287 people
• Population (ZIP): 4,015
• Household income: $64,737
• Rent vs Own: 28.6% rent · 71.4% own
• Severe rent burden: 5.7

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 10% Two or more races 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 2% Polish 2% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 92% English-only · German/W. Germanic 5% Spanish 2%

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: ▼ -33.20%
• Current HPI: 190.5778
• 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

+123.8% since first listed

3 events — show timeline

• 2026-06-01 Listed $169,900 MLSNOW
• 2016-05-03 Sold (MLS) $73,000 MLSNOW
• 2016-03-30 Listed $75,900 MLSNOW

Property tax history

+4.6%/yr

Latest (2025): $1,774 · +27.6% YoY. Source: county tax records.