530 Littleton St · Marion, OH 43302

$139,900

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 131 Days on market

Built 1959 7,405 sqft lot $112/sqft · 9% below area Est $154k · 9% under

---

Why this score? — see what drove the C+ 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 +25.2/30.0
• ARV discount +11.6/15.0
• DSCR +8.3/10.0
• 1% rule +5.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this charming property tucked away on a quiet street. Inside you'll find three nicely sized bedrooms, an updated bathroom, and laminate flooring and bedrooms carpeted. The large kitchen opens to an oversized family room—ideal for everyday living or hosting guests. Outside, enjoy a fully fenced backyard and a one-stall garage for added convenience.

Key facts

• Laminate flooring
• Updated bathroom
• 7,405 sq ft lot

Tags

• UPDATED BATHROOM
• LAMINATE FLOORING
• OVERSIZED FAMILY ROOM
• FULLY FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $313 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 6.9% in Marion — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 65/100 on livability (#704 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D+, amenities F.
• Marion City (town): math 22% / reading 31% proficiency, ranked #600 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 208 active listings in the ZIP; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($55k/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 $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Marion County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 131 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.08% ✓
• Cap rate: 8.98%
• Cash-on-cash: 9.58%
• DSCR: 1.43
• GRM: 7.7

CMA / ARV

• ARV (median comp): $153,959
• List price: $139,900
• Delta: -9.13%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
749 Richmond Ave	0.29mi	3/1.5	1,345 (+8%)	4mo	$179,900	$134	68
501 Roberts Ave	0.30mi	3/2.0	1,344 (+8%)	3mo	$167,000	$124	66
125 Wallace St	0.73mi	3/1.0	1,242 (-0%)	5mo	$55,000	$44	61
1249 Montego Dr	0.65mi	3/2.0	1,218 (-2%)	4mo	$165,000	$135	59
279 E Fairground St	0.53mi	2/1.0 (-1)	1,168 (-6%)	2mo	$163,000	$140	58
1253 Grenada Dr	0.61mi	3/1.0	1,136 (-9%)	1mo	$174,900	$154	56
316 Patten St	0.56mi	3/1.0	1,148 (-8%)	6mo	$45,000	$39	55
291 Patten St	0.61mi	3/1.0	1,160 (-7%)	6mo	$152,000	$131	55
1115 Barbados Ave	0.35mi	3/1.0	1,070 (-14%)	7mo	$173,000	$162	54
464 Ballentine Ave	0.71mi	2/1.0 (-1)	1,280 (+3%)	5mo	$135,000	$105	54
516 Polk St	0.56mi	3/1.0	1,087 (-13%)	1mo	$39,000	$36	52
458 Ballentine Ave	0.72mi	3/1.5	1,406 (+13%)	6mo	$55,000	$39	38

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: -1.9%
• Equity multiple: 0.93×
• Total profit: $-2,775
• Equity at exit: $20,860

10-year hold

• IRR: 7.8%
• Equity multiple: 1.59×
• Total profit: $23,125
• Equity at exit: $12,096

Cash invested: $39,172 (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 43302

• Home prices YoY: -33.9%
• Active inventory: 208
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,515 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$92 /mo · $1,108/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $313

Break-even live

Break-even rent $1,119

Max offer price $139,900

Occupancy floor 74%

Sensitivity live

Price	-10% $392	-5% $352	+0% $313	+5% $273	+10% $234
Rent	-10% $193	-5% $253	+0% $313	+5% $373	+10% $433
Rate	-1.0pp $383	-0.5pp $348	base $313	+0.5pp $277	+1.0pp $240

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-21
   days on market $139,900 Active 131 DOM
2. 2026-06-19
   days on market $139,900 Active 129 DOM
3. 2026-06-18
   days on market $139,900 Active 128 DOM
4. 2026-06-17
   days on market $139,900 Active 127 DOM
5. 2026-06-16
   days on market $139,900 Active 126 DOM
6. 2026-06-15
   days on market $139,900 Active 125 DOM
7. 2026-06-14
   days on market $139,900 Active 123 DOM
8. 2026-06-12
   days on market $139,900 Active 122 DOM
9. 2026-06-09
   days on market $139,900 Active 119 DOM
10. 2026-06-08
    days on market $139,900 Active 118 DOM
11. 2026-06-07
    days on market $139,900 Active 117 DOM
12. 2026-06-05
    days on market $139,900 Active 114 DOM
13. 2026-06-03
    days on market $139,900 Active 113 DOM
14. 2026-06-02
    days on market $139,900 Active 112 DOM
15. 2026-06-01
    days on market $139,900 Active 111 DOM
16. 2026-05-31
    days on market $139,900 Active 110 DOM
17. 2026-05-30
    days on market $139,900 Active 109 DOM
18. 2026-03-21
    price $139,900 371-char remark

    Show marketing remark (371 chars)

    Welcome home to this charming property tucked away on a quiet street. Inside you'll find three nicely sized bedrooms, an updated bathroom, and laminate flooring and bedrooms carpeted. The large kitchen opens to an oversized family room—ideal for everyday living or hosting guests. Outside, enjoy a fully fenced backyard and a one-stall garage for added convenience.

19. 2026-02-18
    price $141,000 371-char remark

    Show marketing remark (371 chars)

    Welcome home to this charming property tucked away on a quiet street. Inside you'll find three nicely sized bedrooms, an updated bathroom, and laminate flooring and bedrooms carpeted. The large kitchen opens to an oversized family room—ideal for everyday living or hosting guests. Outside, enjoy a fully fenced backyard and a one-stall garage for added convenience.

20. 2026-02-10
    listed $149,999 Active 371-char remark

    Show marketing remark (371 chars)

    Welcome home to this charming property tucked away on a quiet street. Inside you'll find three nicely sized bedrooms, an updated bathroom, and laminate flooring and bedrooms carpeted. The large kitchen opens to an oversized family room—ideal for everyday living or hosting guests. Outside, enjoy a fully fenced backyard and a one-stall garage for added convenience.

21. 2021-08-05
    soldstatus $142,000 Closed 464-char remark

    Show marketing remark (464 chars)

    You will simply fall in love with this totally updated 3BR ranch with a HUGE family room in the back of house! Beautiful new kitchen has been opened up to the living room and offers bar top seating, white shaker cabinets, and concrete counters. The bathroom is gorgeous, with tiled shower, floor and new vanity/fixtures. New furnace and AC, new concrete drive, some new electric and plumbing, newer hot water tank, and a fenced in backyard. Don't miss this one!!!!

22. 2021-06-08
    historical Contingent Finance and Inspection 464-char remark

    Show marketing remark (464 chars)

    You will simply fall in love with this totally updated 3BR ranch with a HUGE family room in the back of house! Beautiful new kitchen has been opened up to the living room and offers bar top seating, white shaker cabinets, and concrete counters. The bathroom is gorgeous, with tiled shower, floor and new vanity/fixtures. New furnace and AC, new concrete drive, some new electric and plumbing, newer hot water tank, and a fenced in backyard. Don't miss this one!!!!

23. 2021-06-04
    listed $139,900 Active 464-char remark

    Show marketing remark (464 chars)

    You will simply fall in love with this totally updated 3BR ranch with a HUGE family room in the back of house! Beautiful new kitchen has been opened up to the living room and offers bar top seating, white shaker cabinets, and concrete counters. The bathroom is gorgeous, with tiled shower, floor and new vanity/fixtures. New furnace and AC, new concrete drive, some new electric and plumbing, newer hot water tank, and a fenced in backyard. Don't miss this one!!!!

24. 2021-03-05
    historical
25. 2021-03-04
    soldstatus $72,000 Closed
26. 2021-03-04
    soldstatus $72,000
27. 2020-09-01
    listed $79,900
28. 2020-09-01
    listed $79,900

ⓘ 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: $1,108 · $92/mo
• Projected year-2 tax: $1,645 · $137/mo
• Expected delta: +$537/yr (+$45/mo · 48.5%)

ⓘ 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 ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,184
• − Mortgage interest: −$7,837
• − Property taxes: −$1,108
• − Insurance: −$700
• − Repairs & maintenance: −$1,455
• − Management: −$1,455
• − Depreciation: −$4,070
• Taxable income: $1,560
• Est. tax owed @ 24.0%: −$374
• After-tax cash flow: $3,379/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: Marion City
• NCES district ID: 3904433
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $32,327
• Composite: 21.58/100
• National rank: #8306
• State rank: #600 of 656 in OH

Livability — Marion

• Score: 65/100
• State rank: #704
• US rank: #12605

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, OH
• County: Marion County · 53,702 people
• City population: 53,702
• Metro: Marion, OH
• Population (ZIP): 53,702
• Household income: $55,057
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1554.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.52%
• Current HPI: 223.5344
• Rent YoY: —
• Metro: Marion, OH
• 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

+75.1% since first listed

11 events — show timeline

• 2026-03-21 Price Changed $139,900 CBRMLS
• 2026-02-18 Price Changed $141,000 CBRMLS
• 2026-02-10 Listed $149,999 CBRMLS
• 2021-08-05 Sold (MLS) $142,000 CBRMLS
• 2021-06-08 Contingent — CBRMLS
• 2021-06-04 Listed $139,900 CBRMLS
• 2021-03-05 Listing Removed — CBRMLS
• 2021-03-04 Sold (MLS) $72,000 CBRMLS
• 2021-03-04 Sold (MLS) $72,000 CBRMLS
• 2020-09-01 Listed $79,900 CBRMLS
• 2020-09-01 Listed $79,900 CBRMLS

Property tax history

+2.8%/yr

Latest (2025): $1,108 · +0.0% YoY. Source: county tax records.