5695 County Rd 11 · New Lexington, OH 43764

$62,000

1 bd · 1.0 ba · 413 sqft · SingleFamily · 4 Days on market

Built 2026 Excellent condition 0.54 ac 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 +29.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• Schools +4.2/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Live small and simple today or expand and customize it into your dream home tomorrow! The unique property currently offers one bedroom, one bathroom and durable concrete floors. The interior is ready for your finishing touches, giving you the opportunity to create a space that fits your style and needs.

Key facts

• 0.54 acre lot
• Built 2026
• Listed 4 days

Property features AI

Exterior

• Utilities: Public water; Private sewer
• Home design: Single-family residence; One story; No common walls; Year built 2026
• Exterior features: Slab foundation; Lot about 0.54 acres

Interior

• Bedrooms: One main-level bedroom
• Flooring: Other flooring
• Bathrooms: One full bathroom
• Heating & cooling: Window unit cooling
• Interior features: Wood-burning stove fireplace; Living area approximately 413

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $62k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($810 rent vs $62k).

Location & tenants

• Location reads 66/100 on livability (#665 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, schools D+, amenities F.
• New Lexington School District (rural): math 45% / reading 56% proficiency, ranked #446 of 656 in OH (top 68%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 28 active listings in the ZIP; 35 units permitted in Perry County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($54k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $429 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Perry 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 $17k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $62,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 1.31% ✓
• Cap rate: 10.38%
• Cash-on-cash: 14.61%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.1%
• Equity multiple: 1.20×
• Total profit: $3,427
• Equity at exit: $9,244

10-year hold

• IRR: 14.5%
• Equity multiple: 2.17×
• Total profit: $20,368
• Equity at exit: $5,361

Cash invested: $17,360 (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 43764

• Home prices YoY: -14.6%
• Active inventory: 28
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $810 medium
• Mortgage (P&I): −$325
• Tax est. 1.5%: −$78 /mo · $930/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$170
• Net cashflow: $211

Break-even live

Break-even rent $542

Max offer price $62,000

Occupancy floor 69%

Sensitivity live

Price	-10% $254	-5% $233	+0% $211	+5% $190	+10% $169
Rent	-10% $147	-5% $179	+0% $211	+5% $243	+10% $275
Rate	-1.0pp $243	-0.5pp $227	base $211	+0.5pp $195	+1.0pp $179

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: $15,500
• Closing costs: $1,860
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-21
   days on market $62,000 Active 4 DOM
2. 2026-06-18
   days on market $62,000 Active 2 DOM
3. 2026-06-17
   remarks 304-char remark
4. 2026-06-17
   listed $62,000 Active 1 DOM

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

Taxation est. · year 1

• Rental income: $9,719
• − Mortgage interest: −$3,473
• − Property taxes: −$930
• − Insurance: −$310
• − Repairs & maintenance: −$778
• − Management: −$778
• − Depreciation: −$1,804
• Taxable income: $1,647
• Est. tax owed @ 24.0%: −$395
• After-tax cash flow: $2,141/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.

Condition & rehab AI · 8 photos

Excellent 100/100 None rehab

This single-family home is in excellent condition with a new exterior and concrete floors. It's ready for finishing touches and can be customized into a dream home. High-impact updates include painting, kitchen and bathroom installations.

Value-add opportunities

• Both Paint interior walls and trim — Enhances curb appeal and interior aesthetics
• Both Install kitchen cabinets and appliances — Expands living space and increases functionality
• Both Install bathroom fixtures and vanity — Completes the living space and enhances functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Paint interior walls and trim — Enhances curb appeal and interior aesthetics ↑
• Both Install kitchen cabinets and appliances — Expands living space and increases functionality ↑
• Both Install bathroom fixtures and vanity — Completes the living space and enhances functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: New Lexington School District
• NCES district ID: 3904447
• Math proficiency: 45% ▼ -10.00%
• Reading proficiency: 56% ▼ -7.00%
• Median HH income: $39,162
• Composite: 42.12/100
• National rank: #3315
• State rank: #446 of 656 in OH

Livability — New Lexington

• Score: 66/100
• State rank: #665
• US rank: #11762

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Perry · 33,432 people
• Metro: Columbus, OH
• Population (ZIP): 7,971
• Household income: $54,388
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 2.1

Population outlook (Perry County) Hauer SSP2

• Today (2025): 35,614 people
• By 2030: 34,925 · -1.9%
• By 2040: 32,919 · -7.6%
• By 2050: 30,375 · -14.7%
• By 2075: 23,805 · -33.2%
• By 2100: 17,756 · -50.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Slovak 2% Iranian 2%
• Foreign-born: 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Perry

• 2024 margin: Solid R (+54.5) · D 22.4% · R 76.9%
• 2008→2024 swing: -51.5pp toward R · 2008: -3.0pp · 2024: -54.5pp
• All cycles: 2024: R+54.5 2020: R+49.5 2016: R+40.3 2012: R+4.4 2008: R+3.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -46.80%
• Current HPI: 274.067
• 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

1 event — show timeline

• 2026-06-16 Listed $62,000 CBRMLS