126 S Keyser Ave · Deshler, OH 43516

$14,900

1 bd · 1.0 ba · 864 sqft · SingleFamily public records · 584 Days on market

Built 1900 10,001 sqft lot $17/sqft · 85% below area ↓ 7% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• Schools +6.0/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great opportunity for the right person. Roof has caved in, so most likely a complete rehab or tear down and build a new home!

Key facts

• 0.23 acre lot
• Built 1900
• Listed 583 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $565 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($845 rent vs $15k).
• Recommended offer: $13k (12.0% below list) — sets the bar for market timing.
• Cap rate 51.8% vs local median 1.9% in Deshler — 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 65/100 on livability (#713 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, schools F, amenities F.
• Patrick Henry Local (rural): math 69% / reading 72% proficiency, ranked #148 of 656 in OH (top 23%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 48 active listings in the ZIP; solid renter incomes; 18 units permitted in Henry County in 2024 (0 in 5+ unit buildings).
• This rent is only 12% of the median local income ($82k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $630 of equity ($103 loan paydown + $527 appreciation (3.5% local appreciation)).
• Henry County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.5% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 584 days — a 12% lower offer ($13k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

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

Recommended offer $13,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 584 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 1900 — 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 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?
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: 5.67% ✓
• Cap rate: 51.78%
• Cash-on-cash: 162.44%
• DSCR: 8.23
• GRM: 1.5

CMA / ARV

• ARV (median comp): $98,737
• List price: $14,900
• Delta: -84.91%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
323 N Keyser Ave	0.30mi	2/1.0 (+1)	804 (-7%)	10mo	$73,500	$91	61
415 E Main St	0.43mi	2/1.0 (+1)	980 (+13%)	8mo	$64,000	$65	46
229 N Vine St	0.28mi	2/1.0 (+1)	962 (+11%)	23mo	$109,500	$114	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.54% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 10.16×
• Total profit: $38,202
• Equity at exit: $7,153

10-year hold

• IRR: —
• Equity multiple: 21.40×
• Total profit: $85,092
• Equity at exit: $11,390

Cash invested: $4,172 (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 43516

• Home prices YoY: 1.4%
• Active inventory: 48
• Price-to-rent: 1.5×

Monthly cashflow live

• Estimated rent: $845 medium
• Mortgage (P&I): −$78
• Tax est. 1.5%: −$19 /mo · $224/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$177
• Net cashflow: $565

Break-even live

Break-even rent $130

Max offer price $14,900

Occupancy floor 28%

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: $3,725
• Closing costs: $447
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-31
   days on market $14,900 Active 584 DOM
2. 2024-10-25
   listed $14,900 Active 125-char remark

   Show marketing remark (125 chars)

   Great opportunity for the right person. Roof has caved in, so most likely a complete rehab or tear down and build a new home!

3. 2024-10-21
   historical $14,900 125-char remark

   Show marketing remark (125 chars)

   Great opportunity for the right person. Roof has caved in, so most likely a complete rehab or tear down and build a new home!

4. 2024-08-12
   historical
5. 2023-10-17
   price $16,000
6. 2023-08-12
   listed $22,500 Active
7. 2006-06-21
   soldstatus $19,000
8. 1998-04-15
   soldstatus $16,000

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 17 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: $10,142
• − Mortgage interest: −$835
• − Property taxes: −$224
• − Insurance: −$74
• − Repairs & maintenance: −$811
• − Management: −$811
• − Depreciation: −$433
• Taxable income: $6,954
• Est. tax owed @ 24.0%: −$1,669
• After-tax cash flow: $5,108/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: Patrick Henry Local
• NCES district ID: 3904759
• Math proficiency: 69% ▼ -7.00%
• Reading proficiency: 72% ▼ -5.00%
• Median HH income: $50,401
• Composite: 59.81/100
• National rank: #897
• State rank: #148 of 656 in OH

Livability — Deshler

• Score: 65/100
• State rank: #713
• US rank: #12844

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Deshler, OH
• County: Henry · 27,211 people
• City population: 3,014
• Population (ZIP): 3,014
• Household income: $82,500
• Rent vs Own: 18.9% rent · 81.1% own
• Severe rent burden: 5.4

Population outlook (Henry County) Hauer SSP2

• Today (2025): 27,204 people
• By 2030: 26,657 · -2.0%
• By 2040: 25,149 · -7.6%
• By 2050: 23,361 · -14.1%
• By 2075: 20,409 · -25.0%
• By 2100: 18,199 · -33.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 11% Two or more races 3%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: English 2% Romanian 1% Iranian 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7% Arabic 0%

Political lean MEDSL · Henry

• 2024 margin: Solid R (+46.7) · D 26.2% · R 72.9%
• 2008→2024 swing: -33.8pp toward R · 2008: -12.9pp · 2024: -46.7pp
• All cycles: 2024: R+46.7 2020: R+43.5 2016: R+39.8 2012: R+18.6 2008: R+12.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.54%
• Current HPI: 246.8546
• 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

-6.9% since first listed

7 events — show timeline

• 2024-10-25 Listed $14,900 NORIS
• 2024-10-21 Coming Soon $14,900 NORIS
• 2024-08-12 Listing Removed — NORIS
• 2023-10-17 Price Changed $16,000 NORIS
• 2023-08-12 Listed $22,500 NORIS
• 2006-06-21 Sold (Public Records) $19,000 Public Records
• 1998-04-15 Sold (Public Records) $16,000 Public Records

Property tax history

+9.2%/yr

Latest (2025): $1,528 · -0.8% YoY. Source: county tax records.