550 E Farming St · Marion, OH 43302

$135,000

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 27 Days on market

Built 1953 8,276 sqft lot Est $117k · 16% over

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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).

• Cash flow +21.1/30.0
• DSCR +6.7/10.0
• 1% rule +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• ARV discount +0.4/15.0
• Appreciation +0.0/10.0

Listing remarks

Charming move in ready 3-bedroom, 1 bath ranch offering new updates and great curb appeal! This home features a new metal roof, and new flooring throughout. A large fenced in yard, with a garage for storage or hobbies. This home is a must-see!

Key facts

• New metal roof
• New flooring
• Garage for storage

Tags

• NEW METAL ROOF
• NEW FLOORING
• FENCED IN YARD
• GARAGE FOR STORAGE

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1953; No common walls
• Construction: Block foundation
• Exterior features: Fenced yard

Interior

• Bedrooms: 3 main-level bedrooms
• Flooring: Laminate flooring; Carpeted areas
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning
• Interior features: Full basement; 864 finished living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $131k (2.7% below list).
• Recommended offer: $131k (2.7% below list) — sets the bar for 1% rule.

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; 1 comparable units currently listed for rent nearby; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 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 27 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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.
• Current owner paid $95k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,304 (2.7% below list)

Questions for the listing agent

1. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.97% ✗
• Cap rate: 8.00%
• Cash-on-cash: 6.09%
• DSCR: 1.27
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $116,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
659 E Mark St	0.17mi	3/1.0	896 (+4%)	11mo	$79,000	$88	77
721 Robinson St	0.47mi	3/1.0	864 (0%)	4mo	$159,900	$185	75
568 Wilson Ave	0.27mi	3/2.0	866 (+0%)	10mo	$131,000	$151	74
468 Tyler St	0.16mi	3/1.5	912 (+6%)	12mo	$149,900	$164	71
123 Sargent St	0.40mi	2/1.0 (-1)	859 (-1%)	10mo	$106,500	$124	67
533 Adams St	0.12mi	3/1.0	960 (+11%)	11mo	$125,100	$130	67
537 Fair Park Ave	0.63mi	2/1.0 (-1)	864 (0%)	2mo	$120,000	$139	65
685 East Farming St	0.20mi	2/1.0 (-1)	792 (-8%)	10mo	$64,000	$81	63
222 Uhler Ave	0.66mi	2/1.0 (-1)	880 (+2%)	1mo	$155,000	$176	60
531 Tyler St	0.25mi	3/1.0	960 (+11%)	12mo	$130,000	$135	60
232 Wallace St	0.59mi	3/1.0	960 (+11%)	10mo	$68,000	$71	46
921 Adams St	0.55mi	2/1.0 (-1)	960 (+11%)	6mo	$106,000	$110	45

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: -6.9%
• Equity multiple: 0.74×
• Total profit: $-9,683
• Equity at exit: $20,129

10-year hold

• IRR: 2.6%
• Equity multiple: 1.19×
• Total profit: $7,173
• Equity at exit: $11,672

Cash invested: $37,800 (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: 8.6×

Monthly cashflow live

• Estimated rent: $1,313 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$81 /mo · $974/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $192

Break-even live

Break-even rent $1,070

Max offer price $135,000

Occupancy floor 80%

Sensitivity live

Price	-10% $268	-5% $230	+0% $192	+5% $154	+10% $116
Rent	-10% $88	-5% $140	+0% $192	+5% $244	+10% $296
Rate	-1.0pp $260	-0.5pp $226	base $192	+0.5pp $157	+1.0pp $121

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
133 Garden St Unit 131 Marion, OH	2.0	1.0	752	$900	$1.20	45d	1	1.08mi

Listing history 25 events

1. 2026-06-21
   days on market $135,000 Active 27 DOM
2. 2026-06-19
   days on market $135,000 Active 25 DOM
3. 2026-06-18
   days on market $135,000 Active 24 DOM
4. 2026-06-17
   days on market $135,000 Active 23 DOM
5. 2026-06-16
   days on market $135,000 Active 22 DOM
6. 2026-06-15
   days on market $135,000 Active 21 DOM
7. 2026-06-14
   days on market $135,000 Active 19 DOM
8. 2026-06-12
   statusdays on market $135,000 Active 18 DOM
9. 2026-06-09
   days on market $135,000 Contingent 15 DOM
10. 2026-06-08
    days on market $135,000 Contingent 14 DOM
11. 2026-06-07
    days on market $135,000 Contingent 13 DOM
12. 2026-06-05
    days on market $135,000 Contingent 10 DOM
13. 2026-06-03
    days on market $135,000 Contingent 9 DOM
14. 2026-06-02
    days on market $135,000 Contingent 8 DOM
15. 2026-06-01
    statusdays on market $135,000 Contingent 7 DOM
16. 2026-05-31
    days on market $135,000 Active 6 DOM
17. 2026-05-30
    days on market $135,000 Active 5 DOM
18. 2026-05-25
    listed $135,000 Active
19. 2024-12-12
    soldstatus $95,000
20. 2021-06-02
    historical
21. 2021-06-02
    historical
22. 2011-06-03
    listed $42,500
23. 2007-10-08
    listed $55,900
24. 2005-09-02
    soldstatus $99,300
25. 1994-11-22
    soldstatus $21,000

ⓘ 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: $974 · $81/mo
• Projected year-2 tax: $1,540 · $128/mo
• Expected delta: +$566/yr (+$47/mo · 58.2%)

ⓘ 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: $15,756
• − Mortgage interest: −$7,562
• − Property taxes: −$974
• − Insurance: −$675
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − Depreciation: −$3,927
• Taxable income: $98
• Est. tax owed @ 24.0%: −$23
• After-tax cash flow: $2,280/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

+542.9% since first listed

8 events — show timeline

• 2026-05-25 Listed $135,000 CBRMLS
• 2024-12-12 Sold (Public Records) $95,000 Public Records
• 2021-06-02 Listing Removed — CBRMLS
• 2021-06-02 Listing Removed — CBRMLS
• 2011-06-03 Listed $42,500 CBRMLS
• 2007-10-08 Listed $55,900 CBRMLS
• 2005-09-02 Sold (Public Records) $99,300 Public Records
• 1994-11-22 Sold (Public Records) $21,000 Public Records

Property tax history

+4.2%/yr

Latest (2025): $974 · +0.0% YoY. Source: county tax records.