230 W Anthony St · Celina, OH 45822

$1

3 bd · 1.0 ba · 1,574 sqft · SingleFamily public records · 25 Days on market

Built 1900 4,356 sqft lot $0/sqft · 100% below area

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +5.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 4,356 sq ft lot
• 2 garage spots
• Built 1900

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public sewer; Supplied water
• Home design: Single-family residential; Residential property; Built in 1900; Located in the First Ext subdivision; Near the corner of Sugar and Anthony
• Construction: Vinyl siding exterior; Block foundation
• Exterior features: Residential lot; Supplied water; Public sewer

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating
• Interior features: Block basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• Cap rate 1523415.0% vs local median 4.9% in Celina — 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 71/100 on livability (#397 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.
• Celina City (town): math 64% / reading 55% proficiency, ranked #299 of 656 in OH (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 67 active listings in the ZIP; 92 units permitted in Mercer County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $0 of loan paydown is wiped out by about $0 of value loss. Plan a longer hold.
• Mercer County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $1

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. 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?
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: 160698.00% ✓
• Cap rate: 1523415.04%
• Cash-on-cash: 5440745.53%
• DSCR: 242083.56
• GRM: 0.0

CMA / ARV

• ARV (median comp): $176,976
• List price: $1
• Delta: -100.00%
• 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
409 W Fayette St	0.27mi	3/1.0	1,582 (+0%)	4mo	$56,000	$35	83
320 E Anthony St	0.35mi	3/2.0	1,580 (+0%)	9mo	$183,200	$116	72
224 E Fulton St	0.29mi	3/2.0	1,460 (-7%)	1mo	$217,500	$149	70
545 W Wayne St	0.30mi	4/1.0 (+1)	1,492 (-5%)	4mo	$200,000	$134	69
669 N Walnut St	0.31mi	3/2.0	1,488 (-6%)	5mo	$189,000	$127	69
301 E Market St	0.36mi	3/2.5	1,534 (-2%)	6mo	$190,000	$124	68
609 N Cherry St	0.36mi	3/2.0	1,469 (-7%)	3mo	$234,900	$160	66
328 E Livingston St	0.39mi	3/1.5	1,401 (-11%)	3mo	$230,000	$164	59
526 Willow St	0.57mi	3/2.0	1,655 (+5%)	3mo	$211,101	$128	58
906 N Sugar St	0.50mi	4/2.5 (+1)	1,694 (+8%)	1mo	$240,000	$142	52
426 Magnolia St	0.63mi	3/2.0	1,416 (-10%)	4mo	$262,000	$185	47
309 Dogwood Dr	0.60mi	3/2.0	1,730 (+10%)	10mo	$272,000	$157	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 288856.99×
• Total profit: $80,880
• Equity at exit: $0

10-year hold

• IRR: —
• Equity multiple: 623721.00×
• Total profit: $174,642
• Equity at exit: $0

Cash invested: $0 (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 45822

• Active inventory: 67

Monthly cashflow live

• Estimated rent: $1,607 medium
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $1,270

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

Sensitivity live

Price	-10% $1,270	-5% $1,270	+0% $1,270	+5% $1,270	+10% $1,270
Rent	-10% $1,143	-5% $1,206	+0% $1,270	+5% $1,333	+10% $1,396
Rate	-1.0pp $1,270	-0.5pp $1,270	base $1,270	+0.5pp $1,270	+1.0pp $1,270

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Listing history 1 events

1. 2026-05-04
   listed $1 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,284
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,543
• − Management: −$1,543
• − Depreciation: −$0
• Taxable income: $16,198
• Est. tax owed @ 24.0%: −$3,888
• After-tax cash flow: $11,347/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: Celina City
• NCES district ID: 3910030
• Math proficiency: 64% ▼ -9.00%
• Reading proficiency: 55% ▼ -9.00%
• Median HH income: $47,168
• Composite: 50.44/100
• National rank: #1864
• State rank: #299 of 656 in OH

Livability — Celina

• Score: 71/100
• State rank: #397
• US rank: #6556

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Celina, OH
• County: Mercer · 42,068 people
• Population (ZIP): 20,170
• Household income: $72,106
• Rent vs Own: 25.4% rent · 74.6% own
• Severe rent burden: 15.9

Population outlook (Mercer County) Hauer SSP2

• Today (2025): 40,163 people
• By 2030: 39,367 · -2.0%
• By 2040: 37,406 · -6.9%
• By 2050: 34,917 · -13.1%
• By 2075: 28,969 · -27.9%
• By 2100: 21,338 · -46.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 2% Black 1%
• Common ancestry: Lithuanian 3% Slovak 1% Iranian 1%
• Foreign-born: 1% · Canada, Vietnam
• Languages at home: 98% English-only · German/W. Germanic 1%

Political lean MEDSL · Mercer

• 2024 margin: Solid R (+66.7) · D 16.3% · R 83.0%
• 2008→2024 swing: -23.2pp toward R · 2008: -43.5pp · 2024: -66.7pp
• All cycles: 2024: R+66.7 2020: R+64.9 2016: R+65.0 2012: R+54.8 2008: R+43.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.25%
• Current HPI: 204.0486
• 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

Property tax history

+10.1%/yr

Latest (2024): $1,699 · -0.1% YoY. Source: county tax records.