1179 Bermuda Dr · Marion, OH 43302

$164,900

3 bd · 1.0 ba · 900 sqft · SingleFamily public records · 16 Days on market

Built 1974 6,098 sqft lot Est $151k · 9% 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 +16.1/30.0
• DSCR +5.0/10.0
• 1% rule +3.4/10.0
• ARV discount +3.4/15.0
• 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

Price Reduced! Take a look at this newly remodeled 3 bedroom ranch with fenced-in yard, storage building, all new carpet and paint. The refrigerator, range, washer and window air conditioner is included in the sale of the home. Move-in condition! Owner/Agent; null

Key facts

• 6,098 sq ft lot
• Built 1974
• Listed 16 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 1974; No shared/common walls
• Construction: Slab foundation
• Exterior features: Fenced yard; Storage shed

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Carpet; Ceramic/Porcelain
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Insulated windows throughout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $85 ($1k/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 $139k (15.7% below list).
• Recommended offer: $139k (15.7% 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: crime D+, amenities F, commute 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.
• Zoned schools: William H. Taft Elementary School (math 17% / reading 31%, grade F, #1,231 of 1,584 statewide, top 78%, 394 students, 0% FRL); Ulysses S. Grant Middle School (math 22% / reading 25%, grade F, #597 of 654 statewide, top 92%, 998 students, 0% FRL); Harding High School (math 16% / reading 36%, grade F, #636 of 781 statewide, top 82%, 1,050 students, 0% FRL) — zoned schools average 0% FRL vs 67% district-wide (67 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 208 active listings in the ZIP; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% 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 $1k of loan paydown is wiped out by about $5k 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 16 days — a 2% lower offer ($162k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y ago; this cycle's ask is 126% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $74k; list at $165k implies a 121% gain — meaningful room to come down on a strong offer.

Recommended offer $139,067 (15.7% below list)

Questions for the listing agent

1. Built in 1974 — 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: 0.84% ✗
• Cap rate: 6.91%
• Cash-on-cash: 2.21%
• DSCR: 1.10
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $151,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
668 Easy St	0.04mi	3/1.0	900 (0%)	2mo	$125,000	$139	97
607 Easy St	0.15mi	3/1.0	900 (0%)	2mo	$144,900	$161	91
1109 Barbados Ave	0.19mi	3/1.0	925 (+3%)	4mo	$100,000	$108	83
954 Bermuda Dr	0.33mi	3/1.0	900 (0%)	6mo	$142,500	$158	80
485 Bahama Cir	0.34mi	3/1.0	900 (0%)	7mo	$158,000	$176	78
1205 Fairwood Ave	0.48mi	3/1.0	900 (0%)	3mo	$159,900	$178	75
1048 Fairwood Ave	0.45mi	4/1.0 (+1)	900 (0%)	4mo	$175,000	$194	70
935 Richmond Ave	0.52mi	3/1.0	925 (+3%)	6mo	$129,900	$140	66
966 Bikini Dr	0.42mi	3/1.0	952 (+6%)	7mo	$172,000	$181	65
537 Fair Park Ave	0.64mi	2/1.0 (-1)	864 (-4%)	2mo	$120,000	$139	57
721 Robinson St	0.73mi	3/1.0	864 (-4%)	4mo	$159,900	$185	56
396 Lynn Dr	0.69mi	3/1.0	952 (+6%)	5mo	$159,900	$168	54

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: -12.8%
• Equity multiple: 0.54×
• Total profit: $-21,371
• Equity at exit: $24,587

10-year hold

• IRR: -3.9%
• Equity multiple: 0.74×
• Total profit: $-11,876
• Equity at exit: $14,258

Cash invested: $46,172 (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: 9.9×

Monthly cashflow live

• Estimated rent: $1,391 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$80 /mo · $963/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $85

Break-even live

Break-even rent $1,283

Max offer price $164,900

Occupancy floor 89%

Sensitivity live

Price	-10% $178	-5% $132	+0% $85	+5% $38	+10% $-8
Rent	-10% $-25	-5% $30	+0% $85	+5% $140	+10% $195
Rate	-1.0pp $168	-0.5pp $127	base $85	+0.5pp $42	+1.0pp $-1

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-21
   days on market $164,900 Active 16 DOM
2. 2026-06-19
   days on market $164,900 Active 14 DOM
3. 2026-06-18
   days on market $164,900 Active 13 DOM
4. 2026-06-17
   days on market $164,900 Active 12 DOM
5. 2026-06-16
   days on market $164,900 Active 11 DOM
6. 2026-06-15
   days on market $164,900 Active 10 DOM
7. 2026-06-14
   days on market $164,900 Active 8 DOM
8. 2026-06-12
   days on market $164,900 Active 7 DOM
9. 2026-06-09
   days on market $164,900 Active 4 DOM
10. 2026-06-08
    days on market $164,900 Active 3 DOM
11. 2026-06-07
    statusdays on market $164,900 Active 2 DOM
12. 2026-06-05
    days on market $164,900 Coming Soon 5 DOM
13. 2026-06-03
    days on market $164,900 Coming Soon 4 DOM
14. 2026-06-02
    days on market $164,900 Coming Soon 3 DOM
15. 2026-06-01
    days on market $164,900 Coming Soon 2 DOM
16. 2026-05-30
    listed $164,900 Coming Soon 1 DOM

ⓘ 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: $963 · $80/mo
• Projected year-2 tax: $1,768 · $147/mo
• Expected delta: +$805/yr (+$67/mo · 83.5%)

ⓘ 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 ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,688
• − Mortgage interest: −$9,237
• − Property taxes: −$963
• − Insurance: −$824
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$4,797
• Taxable loss: −$1,804
• Est. tax savings @ 24.0%: +$433
• After-tax cash flow: $1,452/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

+199.8% since first listed

9 events — show timeline

• 2026-05-30 Coming Soon $164,900 CBRMLS
• 2019-12-19 Sold (Public Records) $74,500 Public Records
• 2019-12-12 Sold (MLS) $74,500 CBRMLS
• 2019-12-12 Listing Removed — CBRMLS
• 2019-10-17 Listed $73,000 CBRMLS
• 2006-10-01 Listing Removed — CBRMLS
• 2006-08-15 Listed $69,900 CBRMLS
• 2002-07-08 Sold (Public Records) $55,000 Public Records
• 2002-07-08 Sold (Public Records) $55,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $963 · +0.0% YoY. Source: county tax records.