2276 Lodge Rd SW · Dellroy, OH 44675

$180,000

3 bd · 1.5 ba · 1,350 sqft · Other · 73 Days on market

Built 1980 0.30 ac lot $133/sqft · 44% below area Est $323k · 44% under

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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).

• ARV discount +15.0/15.0
• Cash flow +8.1/30.0
• Schools +4.4/10.0
• Livability +3.1/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming and beautifully updated home located just across the street from Atwood Lake! This cozy yet functional property offers an open-concept layout perfect for everyday living and entertaining. Featuring 3 bedrooms and 1.5 bathrooms, this home combines comfort with modern updates throughout. Enjoy relaxing evenings by the fireplace or unwind in the enclosed porch with a partial lake view. The spacious two-car garage provides plenty of storage and convenience. Ideally situated near both Atwood Lake Marinas and the Atwood Yacht Club, you'll have easy access to boating, dining, and all the recreation the lake has to offer. With its prime location and appealing features, this property also offers excellent Airbnb or short-term rental potential. Whether you're looking for a full-time residence, vacation home, or investment opportunity, this adorable home is a must-see!

Key facts

• Partial lake view
• Enclosed porch
• Two-car garage

Tags

• OPEN-CONCEPT LAYOUT
• ENCLOSED PORCH
• PARTIAL LAKE VIEW
• TWO-CAR GARAGE
• AIRBNB POTENTIAL

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath other listed at $180k.

Deal economics

• At list price, monthly cash flow is $-175 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $155k (14.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $135k (24.8% below list).
• Recommended offer: $135k (24.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#955 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, crime C-, employment D.
• Carrollton Exempted Village (town): math 46% / reading 58% proficiency, ranked #419 of 656 in OH (top 64%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 14 active listings in the ZIP; solid renter incomes; 2 units permitted in Carroll County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Carroll County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 73 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $94k; list at $180k implies a 90% gain — meaningful room to come down on a strong offer.

Recommended offer $135,324 (24.8% below list)

Questions for the listing agent

1. 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?
2. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.75% ✗
• Cap rate: 5.13%
• Cash-on-cash: -4.16%
• DSCR: 0.81
• GRM: 11.1

CMA / ARV

• ARV (median comp): $322,706
• List price: $180,000
• Delta: -44.22%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -23.3%
• Equity multiple: 0.20×
• Total profit: $-40,286
• Equity at exit: $26,839

10-year hold

• IRR: -18.0%
• Equity multiple: 0.02×
• Total profit: $-49,339
• Equity at exit: $15,563

Cash invested: $50,400 (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 44675

• Home prices YoY: -7.5%
• Active inventory: 14
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,353 medium
• Mortgage (P&I): −$944
• Tax est. 1.5%: −$225 /mo · $2,700/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $-175

Break-even live

Break-even rent $1,575

Max offer price $154,695

Occupancy floor —

Sensitivity live

Price	-10% $-50	-5% $-113	+0% $-175	+5% $-237	+10% $-299
Rent	-10% $-282	-5% $-228	+0% $-175	+5% $-121	+10% $-68
Rate	-1.0pp $-84	-0.5pp $-129	base $-175	+0.5pp $-222	+1.0pp $-269

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $180,000 Active 73 DOM
2. 2026-06-21
   days on market $180,000 Active 72 DOM
3. 2026-06-18
   days on market $180,000 Active 70 DOM
4. 2026-06-17
   days on market $180,000 Active 69 DOM
5. 2026-06-16
   days on market $180,000 Active 68 DOM
6. 2026-06-15
   days on market $180,000 Active 67 DOM
7. 2026-06-13
   days on market $180,000 Active 65 DOM
8. 2026-06-12
   days on market $180,000 Active 64 DOM
9. 2026-06-09
   days on market $180,000 Active 61 DOM
10. 2026-06-08
    days on market $180,000 Active 60 DOM
11. 2026-06-07
    days on market $180,000 Active 59 DOM
12. 2026-06-07
    days on market $180,000 Active 58 DOM
13. 2026-06-04
    days on market $180,000 Active 55 DOM
14. 2026-06-02
    days on market $180,000 Active 54 DOM
15. 2026-06-01
    days on market $180,000 Active 53 DOM
16. 2026-05-31
    days on market $180,000 Active 52 DOM
17. 2026-05-07
    price $180,000 879-char remark

    Show marketing remark (879 chars)

    Charming and beautifully updated home located just across the street from Atwood Lake! This cozy yet functional property offers an open-concept layout perfect for everyday living and entertaining. Featuring 3 bedrooms and 1.5 bathrooms, this home combines comfort with modern updates throughout. Enjoy relaxing evenings by the fireplace or unwind in the enclosed porch with a partial lake view. The spacious two-car garage provides plenty of storage and convenience. Ideally situated near both Atwood Lake Marinas and the Atwood Yacht Club, you'll have easy access to boating, dining, and all the recreation the lake has to offer. With its prime location and appealing features, this property also offers excellent Airbnb or short-term rental potential. Whether you're looking for a full-time residence, vacation home, or investment opportunity, this adorable home is a must-see!

18. 2026-04-07
    listed $190,000 Active 879-char remark

    Show marketing remark (879 chars)

    Charming and beautifully updated home located just across the street from Atwood Lake! This cozy yet functional property offers an open-concept layout perfect for everyday living and entertaining. Featuring 3 bedrooms and 1.5 bathrooms, this home combines comfort with modern updates throughout. Enjoy relaxing evenings by the fireplace or unwind in the enclosed porch with a partial lake view. The spacious two-car garage provides plenty of storage and convenience. Ideally situated near both Atwood Lake Marinas and the Atwood Yacht Club, you'll have easy access to boating, dining, and all the recreation the lake has to offer. With its prime location and appealing features, this property also offers excellent Airbnb or short-term rental potential. Whether you're looking for a full-time residence, vacation home, or investment opportunity, this adorable home is a must-see!

19. 2023-10-27
    soldstatus $94,500
20. 2015-01-30
    historical
21. 2014-08-15
    listed $49,900

ⓘ 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 ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,239
• − Mortgage interest: −$10,083
• − Property taxes: −$2,700
• − Insurance: −$900
• − Repairs & maintenance: −$1,299
• − Management: −$1,299
• − Depreciation: −$5,236
• Taxable loss: −$5,279
• Est. tax savings @ 24.0%: +$1,267
• After-tax cash flow: $-832/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: Carrollton Exempted Village
• NCES district ID: 3904527
• Math proficiency: 46% ▼ -21.00%
• Reading proficiency: 58% ▼ -10.00%
• Median HH income: $45,165
• Composite: 43.94/100
• National rank: #2903
• State rank: #419 of 656 in OH

Livability — Dellroy

• Score: 61/100
• State rank: #955
• US rank: #18425

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

• County: Carroll · 27,595 people
• Metro: Canton-Massillon, OH
• Population (ZIP): 2,255
• Household income: $84,826
• Rent vs Own: 21.6% rent · 78.4% own
• Severe rent burden: 3.6

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 25,766 people
• By 2030: 24,481 · -5.0%
• By 2040: 21,803 · -15.4%
• By 2050: 19,323 · -25.0%
• By 2075: 15,205 · -41.0%
• By 2100: 12,287 · -52.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 3%
• Common ancestry: Romanian 4% Iranian 2% Slovak 2%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Carroll

• 2024 margin: Solid R (+54.7) · D 22.2% · R 77.0%
• 2008→2024 swing: -49.9pp toward R · 2008: -4.8pp · 2024: -54.7pp
• All cycles: 2024: R+54.7 2020: R+52.7 2016: R+46.4 2012: R+13.7 2008: R+4.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.06%
• Current HPI: 223.5165
• 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

+260.7% since first listed

5 events — show timeline

• 2026-05-07 Price Changed $180,000 MLSNOW
• 2026-04-07 Listed $190,000 MLSNOW
• 2023-10-27 Sold (Public Records) $94,500 Public Records
• 2015-01-30 Listing Removed — MLSNOW
• 2014-08-15 Listed $49,900 MLSNOW

Property tax history

+42.2%/yr

Latest (2025): $142 · -18.2% YoY. Source: county tax records.