148 E Church St · Newark, OH 43055

$65,000

3 bd · 1.0 ba · 1,162 sqft · SingleFamily public records · 7 Days on market

Built 1910 2,178 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
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Seller is in receipt of multiple offers. Please submit highest and best offers by EOD Friday 6/19/26. Great opportunity to own this move in ready home offering 3 bedrooms and 2 full baths. Located across the street from a park and near downtown Newark and OSU Newark Campus. Agents- Please read A2A remarks.

Key facts

• Near downtown newark
• Move in ready
• 2,178 sq ft lot

Tags

• MOVE IN READY
• ACROSS THE STREET FROM A PARK
• NEAR DOWNTOWN NEWARK
• NEAR OSU NEWARK CAMPUS

Property features AI

Finance

• Other: Property listed as real estate owned / standard listing conditions
• Financial info: 2025 annual tax: $749

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family home; Two levels; Built in 1910; No shared/common walls
• Construction: Block and stone foundation
• Exterior features: Lot approximately 0.05 acres

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: Two full bathrooms
• Interior features: Partial basement; Living area approximately 1,162

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $622 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Cap rate 17.8% vs local median 3.2% in Newark — 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 69/100 on livability (#493 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: employment D+, amenities F, commute F.
• Newark City (suburban): math 48% / reading 56% proficiency, ranked #431 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.6%/yr); 204 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 4y 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 $46k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,000

Questions for the listing agent

1. Built in 1910 — 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: 2.05% ✓
• Cap rate: 17.77%
• Cash-on-cash: 40.99%
• DSCR: 2.82
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $173,138
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
75 Gay St	0.53mi	3/1.0	1,178 (+1%)	1mo	$155,000	$132	72
232 Rosehill Ave	0.59mi	3/2.0	1,128 (-3%)	5mo	$185,900	$165	59
92 S 3rd St	0.48mi	4/1.0 (+1)	1,232 (+6%)	5mo	$142,000	$115	59
421 E Main St	0.73mi	3/1.0	1,174 (+1%)	9mo	$133,900	$114	57
273 Buckingham St	0.74mi	3/1.0	1,104 (-5%)	1mo	$165,000	$149	56
136 Hunter St	0.46mi	3/1.0	1,054 (-9%)	8mo	$168,000	$159	56
241 Hunter St	0.53mi	3/2.0	1,272 (+10%)	1mo	$195,000	$153	55
284 Everett Ave	0.46mi	3/1.0	1,310 (+13%)	8mo	$200,000	$153	51
53 Poplar Ave	0.74mi	3/2.0	1,114 (-4%)	5mo	$208,500	$187	50
11 Fleek Ave	0.52mi	3/1.0	1,320 (+14%)	6mo	$123,500	$94	48
390 Cedarcrest Ave	0.62mi	3/1.0	1,326 (+14%)	7mo	$115,500	$87	42
337 Schuler St	0.67mi	2/1.0 (-1)	1,320 (+14%)	2mo	$165,000	$125	40

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 · 1.63% rent growth · sell at horizon

5-year hold

• IRR: 36.0%
• Equity multiple: 2.50×
• Total profit: $27,261
• Equity at exit: $9,692

10-year hold

• IRR: 42.0%
• Equity multiple: 4.71×
• Total profit: $67,530
• Equity at exit: $5,620

Cash invested: $18,200 (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 43055

• Rents YoY: 1.6%
• Active inventory: 204
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,332 high
• Mortgage (P&I): −$341
• Tax from tax record: −$62 /mo · $749/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $622

Break-even live

Break-even rent $545

Max offer price $65,000

Occupancy floor 48%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
150 N 1st St Newark, OH	3.0	1.0	1467	$1,300	$0.89	17d	1	0.13mi
27 N Buena Vista St Newark, OH	3.0	2.0	1500	$1,300	$0.87	11d	1	0.21mi
63 N 4th St Newark, OH	3.0	1.0	1300	$1,350	$1.04	3d	1	0.42mi
63 N 4th St Unit 302 Newark, OH	3.0	1.0	1300	$1,350	$1.04	4d	1	0.42mi
270 Everett Ave Newark, OH	3.0	1.0	864	$1,425	$1.65	1d	1	0.45mi
71 W Locust St Newark, OH	2.0	1.0	1371	$1,225	$0.89	23d	1	0.48mi
388 Indiana St Newark, OH	2.0	1.0	1200	$1,100	$0.92	1d	1	0.72mi
51 Mill St Newark, OH	2.0	1.0	1024	$1,200	$1.17	1d	1	0.75mi
33 Jefferson St Newark, OH	2.0	1.0	1200	$1,300	$1.08	12d	1	0.77mi
8 N 8th St Unit 2 Newark, OH	3.0	1.0	1400	$1,400	$1.00	23d	1	0.80mi
86 Wilwood Ave Newark, OH	3.0	1.0	1205	$1,595	$1.32	1d	1	0.81mi
73 N 9th St Unit 73 Newark, OH	2.0	1.0	1250	$950	$0.76	23d	1	0.89mi
202 N 11th St Newark, OH	2.0	1.0	1011	$1,195	$1.18	14d	1	0.99mi
39 Charles St Newark, OH	3.0	1.5	1450	$1,649	$1.14	23d	1	1.09mi
374 Seroco Ave Newark, OH	2.0	1.0	1100	$1,100	$1.00	10d	1	1.17mi
290 W National Dr Unit A1 Newark, OH	2.0	1.0	900	$950	$1.06	1d	1	1.19mi
494 Allston Ave Newark, OH	2.0	1.0	724	$1,150	$1.59	43d	1	1.20mi
681 Maple Ave Newark, OH	3.0	1.0	1100	$1,599	$1.45	1d	1	1.31mi

Listing history 8 events

1. 2026-06-18
   remarks 307-char remark
2. 2026-06-18
   days on market $65,000 Active 7 DOM
3. 2026-06-17
   days on market $65,000 Active 6 DOM
4. 2026-06-16
   days on market $65,000 Active 5 DOM
5. 2026-06-15
   days on market $65,000 Active 4 DOM
6. 2026-06-13
   days on market $65,000 Active 2 DOM
7. 2026-06-13
   remarks 205-char remark
8. 2026-06-13
   listed $65,000 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: $749 · $62/mo
• Projected year-2 tax: $882 · $73/mo
• Expected delta: +$132/yr (+$11/mo · 17.6%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 69% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $15,981
• − Mortgage interest: −$3,641
• − Property taxes: −$749
• − Insurance: −$325
• − Repairs & maintenance: −$1,279
• − Management: −$1,279
• − Depreciation: −$1,891
• Taxable income: $6,818
• Est. tax owed @ 24.0%: −$1,636
• After-tax cash flow: $5,824/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: Newark City
• NCES district ID: 3904445
• Math proficiency: 48% ▼ -12.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $38,662
• Composite: 43.33/100
• National rank: #3034
• State rank: #431 of 656 in OH

Livability — Newark

• Score: 69/100
• State rank: #493
• US rank: #8263

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newark, OH
• County: Licking County · 109,194 people
• City population: 63,281
• Metro: Columbus, OH
• Population (ZIP): 63,281
• Household income: $63,974
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 2269.0

Population outlook (Licking County) Hauer SSP2

• Today (2025): 178,210 people
• By 2030: 180,917 · +1.5%
• By 2040: 183,885 · +3.2%
• By 2050: 182,985 · +2.7%
• By 2075: 178,377 · +0.1%
• By 2100: 161,075 · -9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Black 3% Hispanic / Latino 2%
• 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 · Licking

• 2024 margin: Solid R (+30.0) · D 34.5% · R 64.6%
• 2008→2024 swing: -14.2pp toward R · 2008: -15.8pp · 2024: -30.0pp
• All cycles: 2024: R+30.0 2020: R+28.1 2016: R+28.9 2012: R+14.7 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -253.54%
• Current HPI: 247.9425
• Rent YoY: ▲ 1.63%
• 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

+441.7% since first listed

15 events — show timeline

• 2026-06-11 Listed $65,000 CBRMLS
• 2024-05-01 Listing Removed — CBRMLS
• 2023-10-11 Price Changed $149,900 CBRMLS
• 2023-09-20 Price Changed $159,900 CBRMLS
• 2023-09-20 Relisted — CBRMLS
• 2023-09-13 Listing Removed — CBRMLS
• 2023-09-12 Listed $169,900 CBRMLS
• 2022-09-01 Listing Removed — CBRMLS
• 2022-08-04 Price Changed $140,000 CBRMLS
• 2022-08-04 Relisted — CBRMLS
• 2022-08-03 Listing Removed — CBRMLS
• 2022-07-18 Listed $149,800 CBRMLS
• 2022-04-26 Sold (Public Records) $46,000 Public Records
• 1998-12-01 Sold (Public Records) $15,000 Public Records
• 1998-11-06 Sold (Public Records) $12,000 Public Records

Property tax history

+7.9%/yr

Latest (2025): $749 · +2.9% YoY. Source: county tax records.