210 E Elliott Rd · Russells Point, OH 43348

$105,000

2 bd · 1.0 ba · 704 sqft · SingleFamily public records · 32 Days on market

Built 1940 6,534 sqft lot $149/sqft · 9% below area Est $115k · 9% under ↓ 20% since listing

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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
• ARV discount +11.5/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.3/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the potential in this centrally located Russells Point home. Situated on a nice, open lawn in the middle of town, this property offers convenience and small-town charm in a golf cart-friendly community. The home needs work but provides a great opportunity to renovate and make it your own--whether as a personal residence, vacation spot, or investment property. Enjoy close proximity to dining, shopping, and Indian Lake activities.

Key facts

• Open lawn
• Centrally located
• Golf cart friendly

Tags

• CENTRALLY LOCATED
• OPEN LAWN
• GOLF CART FRIENDLY
• CLOSE PROXIMITY TO DINING
• CLOSE PROXIMITY TO SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $619 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $102k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 2.8% in Russells Point — 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 60/100 on livability (#971 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: schools F, amenities F, commute F.
• Indian Lake Local (rural): math 59% / reading 66% proficiency, ranked #261 of 656 in OH (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 49 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 121 units permitted in Logan County in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Logan County population projected at -15% 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 $29k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($102k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $101,850 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.53% ✓
• Cap rate: 13.36%
• Cash-on-cash: 25.26%
• DSCR: 2.12
• GRM: 5.5

CMA / ARV

• ARV (median comp): $115,290
• List price: $105,000
• Delta: -8.92%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
210 E Elliott Rd	0.00mi	2/1.0	704 (0%)	0mo	$80,000	$114	100
351 Taylor Ave	0.21mi	2/1.0	689 (-2%)	21mo	$35,000	$51	70
611 Miami Ave	0.21mi	1/1.0 (-1)	640 (-9%)	7mo	$150,000	$234	64
357 3rd St	0.65mi	2/1.0	665 (-6%)	1mo	$145,000	$218	60
203 2nd St	0.45mi	2/1.0	598 (-15%)	11mo	$175,000	$293	45
351 Prater St	0.65mi	2/2.0	624 (-11%)	7mo	$210,000	$337	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.8%
• Equity multiple: 1.76×
• Total profit: $22,373
• Equity at exit: $15,656

10-year hold

• IRR: 27.1%
• Equity multiple: 3.39×
• Total profit: $70,136
• Equity at exit: $9,078

Cash invested: $29,400 (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 43348

• Home prices YoY: -29.2%
• Active inventory: 49
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,605 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$55 /mo · $658/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $619

Break-even live

Break-even rent $822

Max offer price $105,000

Occupancy floor 56%

Sensitivity live

Price	-10% $678	-5% $648	+0% $619	+5% $589	+10% $559
Rent	-10% $492	-5% $555	+0% $619	+5% $682	+10% $746
Rate	-1.0pp $672	-0.5pp $645	base $619	+0.5pp $592	+1.0pp $564

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8926 Franklin Ave Unit B Lakeview, OH	2.0	1.0	696	$1,605	$2.31	2d	1	1.18mi
8926 Franklin Ave Lakeview, OH	2.0	1.0	696	$1,605	$2.31	2d	1	1.18mi

Listing history 4 events

1. 2026-05-18
   status Pending 441-char remark

   Show marketing remark (441 chars)

   Discover the potential in this centrally located Russells Point home. Situated on a nice, open lawn in the middle of town, this property offers convenience and small-town charm in a golf cart-friendly community. The home needs work but provides a great opportunity to renovate and make it your own--whether as a personal residence, vacation spot, or investment property. Enjoy close proximity to dining, shopping, and Indian Lake activities.

2. 2026-05-15
   historical Contingency - Finance and Inspections 441-char remark

   Show marketing remark (441 chars)

   Discover the potential in this centrally located Russells Point home. Situated on a nice, open lawn in the middle of town, this property offers convenience and small-town charm in a golf cart-friendly community. The home needs work but provides a great opportunity to renovate and make it your own--whether as a personal residence, vacation spot, or investment property. Enjoy close proximity to dining, shopping, and Indian Lake activities.

3. 2026-05-08
   price $105,000 441-char remark

   Show marketing remark (441 chars)

   Discover the potential in this centrally located Russells Point home. Situated on a nice, open lawn in the middle of town, this property offers convenience and small-town charm in a golf cart-friendly community. The home needs work but provides a great opportunity to renovate and make it your own--whether as a personal residence, vacation spot, or investment property. Enjoy close proximity to dining, shopping, and Indian Lake activities.

4. 2026-04-16
   listed $132,000 Active 441-char remark

   Show marketing remark (441 chars)

   Discover the potential in this centrally located Russells Point home. Situated on a nice, open lawn in the middle of town, this property offers convenience and small-town charm in a golf cart-friendly community. The home needs work but provides a great opportunity to renovate and make it your own--whether as a personal residence, vacation spot, or investment property. Enjoy close proximity to dining, shopping, and Indian Lake activities.

ⓘ 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: $658 · $55/mo
• Projected year-2 tax: $1,148 · $96/mo
• Expected delta: +$490/yr (+$41/mo · 74.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°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: $19,260
• − Mortgage interest: −$5,882
• − Property taxes: −$658
• − Insurance: −$525
• − Repairs & maintenance: −$1,541
• − Management: −$1,541
• − Depreciation: −$3,055
• Taxable income: $6,060
• Est. tax owed @ 24.0%: −$1,454
• After-tax cash flow: $5,971/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: Indian Lake Local
• NCES district ID: 3904808
• Math proficiency: 59% ▼ -14.00%
• Reading proficiency: 66% ▼ -4.00%
• Median HH income: $44,496
• Composite: 52.6/100
• National rank: #1559
• State rank: #261 of 656 in OH

Livability — Russells Point

• Score: 60/100
• State rank: #971
• US rank: #18804

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Russells Point, OH
• County: Logan · 47,256 people
• City population: 1,865
• Population (ZIP): 1,865
• Household income: $50,658
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 7.3

Population outlook (Logan County) Hauer SSP2

• Today (2025): 44,240 people
• By 2030: 43,166 · -2.4%
• By 2040: 40,495 · -8.5%
• By 2050: 37,511 · -15.2%
• By 2075: 30,453 · -31.2%
• By 2100: 23,081 · -47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Black 3% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Lithuanian 3% Czech 2% Italian 1%
• Foreign-born: 1% · Canada

Political lean MEDSL · Logan

• 2024 margin: Solid R (+56.2) · D 21.5% · R 77.7%
• 2008→2024 swing: -29.6pp toward R · 2008: -26.6pp · 2024: -56.2pp
• All cycles: 2024: R+56.2 2020: R+55.2 2016: R+52.6 2012: R+31.8 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.07%
• Current HPI: 261.3567
• 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

-20.5% since first listed

4 events — show timeline

• 2026-05-18 Pending — WRIST
• 2026-05-15 Contingent — WRIST
• 2026-05-08 Price Changed $105,000 WRIST
• 2026-04-16 Listed $132,000 WRIST

Property tax history

+6.9%/yr

Latest (2025): $658 · +29.0% YoY. Source: county tax records.