91 Deer Trail Dr

Jacksontown, OH 43076

$1F

2 bd · 1.0 ba · 1,520 sqft · Built 1973 · SingleFamily · Pending · 46 DOM

Cashflow @ list (25.0% down · 7.5%)

• Estimated rent: $1,656/mo
• Mortgage (P&I): −$2,531
• Tax + insurance: −$805
• HOA: −$21
• Vac / Maint / Mgmt: −$348
• Net cashflow: $-2,049/mo
• Annual: $-24,583/yr
• Cap rate: 1.20%
• Cash-on-cash: -18.19%
• DSCR: 0.19
• 1% rule: 0.34%
• Cash to close: $135,157

Investor read

• This is a 2-bed/1.0-bath single-family listed at $1.
• At list price, monthly cash flow is $-2k ($-25k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• It's been on market 46 days — a 3% lower offer ($0) is reasonable based on typical stale-listing flexibility.
• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k of value loss. Plan a longer hold.
• Location reads: area grade F — affects rentability + tenant quality, not the cash-flow math above.
• Lakewood Local (rural): math 44% / reading 49% proficiency, ranked #481 of 656 in OH (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Jackson Intermediate (math 54% / reading 47%, grade D+, #896 of 1,584 statewide, top 57%, 417 students, 36% FRL); Lakewood Middle School (math 42% / reading 48%, grade D, #472 of 654 statewide, top 73%, 385 students, 43% FRL); Lakewood High School (math 27% / reading 57%, grade F, #497 of 781 statewide, top 66%, 480 students, 31% FRL) — zoned schools at 36% FRL track the district average.
• Watch-outs: property tax is 724053.2% of price.
• Market conditions: 80 active listings in the ZIP; solid renter incomes; 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).

Questions for listing agent

• What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
• It's been on market 46 days. Have you received any prior offers? Is the seller open to a 5% concession, seller financing, or rate buy-down credit?
• Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
• Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
• What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
• Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
• The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
• This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?