110 8th St SW · New Philadelphia, OH 44663

$1

4 bd · 2.0 ba · 1,568 sqft · MultiFamily public records · 6 Days on market

Built 1900 3,920 sqft lot ↓ 28% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

ONLINE ONLY AUCTION ENDS TUESDAY JUNE 30TH AT 6:00 PM Remodeled Duplex |Unit 1: 2 Bdrm 1 Bath | Unit 2: 1 Bdrm 1 Bath Tuscarawas County | New Phila Corp | New Phila SD Newly Remodeled Duplex Opportunity in New Philadelphia! Featuring upper and lower units, this income-producing property already has one unit rented at $1,000/month, with the second unit move-in ready for your next tenant. Recent updates include new flooring, fresh paint throughout, newer furnaces and hot water tanks. Tenants pay gas & electric. A great investment opportunity with immediate rental income potential!

Key facts

• Remodeled duplex
• Fresh paint
• Newer furnaces

Tags

• REMODELED DUPLEX
• NEW FLOORING
• FRESH PAINT
• NEWER FURNACES
• HOT WATER TANKS
• INCOME-PRODUCING PROPERTY

Property features AI

Finance

• Other: Lot size approximately 0.09 acres
• Financial info: Tenant pays electricity and gas (if rental)
• HOA & community: No HOA information provided

Exterior

• Parking: Driveway parking
• Security: No security features provided
• Utilities: Public water; Public sewer
• Home design: 2-story property; Above-grade finished area approximately 1,568; Updated/remodeled
• Construction: Vinyl siding; Metal, shingle, and slate roof types; Built year from public records
• Exterior features: Driveway

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Information about bedroom count not provided
• Flooring: Flooring details not provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Electric heating; Gas heating; Window unit cooling
• Interior features: Updated/remodeled condition; Full, partially finished basement
• Laundry & utility: No laundry appliance details provided

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $94,080 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $1.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive. Per door: $504/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1).
• Cap rate 19.2% vs local median 2.7% in New Philadelphia — 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 75/100 on livability (#265 in OH, #4,229 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• New Philadelphia City (town): math 61% / reading 66% proficiency, ranked #248 of 656 in OH (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 67 active listings in the ZIP; 244 units permitted in Tuscarawas County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% of the median local income ($62k/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 $650 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Tuscarawas County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 21y 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: property tax is 141120.0% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.23% ✓
• Cap rate: 19.16%
• Cash-on-cash: 45.96%
• DSCR: 3.04
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $94,080
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
212 7th St NW	0.19mi	5/2.0 (+1)	1,764 (+12%)	5mo	$106,000	$60	61
536 Beech Ln NW	0.31mi	3/3.0 (-1)	1,632 (+4%)	20mo	$189,900	$116	53
135 5th St SW	0.35mi	3/2.0 (-1)	1,796 (+14%)	18mo	$55,000	$31	40

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: 43.2%
• Equity multiple: 2.86×
• Total profit: $49,040
• Equity at exit: $14,028

10-year hold

• IRR: 49.2%
• Equity multiple: 5.77×
• Total profit: $125,568
• Equity at exit: $8,134

Cash invested: $26,342 (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 44663

• Active inventory: 67

Monthly cashflow live

• Estimated rent: $2,100 medium
• Mortgage (P&I): −$493
• Tax est. 1.5%: −$118 /mo · $1,411/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $1,009

Break-even live

Break-even rent $823

Max offer price $94,080

Occupancy floor 47%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$2,100
Total (2 units)			$2,100

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: $23,520
• Closing costs: $2,822
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-08
   days on market $1 Active 6 DOM
2. 2026-06-08
   days on market $1 Active 5 DOM
3. 2026-06-07
   days on market $1 Active 4 DOM
4. 2026-06-02
   remarks 589-char remark
5. 2026-06-02
   listed $1 Active 1 DOM

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,200
• − Mortgage interest: −$5,270
• − Property taxes: −$1,411
• − Insurance: −$470
• − Repairs & maintenance: −$2,016
• − Management: −$2,016
• − Depreciation: −$2,737
• Taxable income: $11,280
• Est. tax owed @ 24.0%: −$2,707
• After-tax cash flow: $9,399/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: New Philadelphia City
• NCES district ID: 3904448
• Math proficiency: 61% ▼ -5.00%
• Reading proficiency: 66% ▼ -3.00%
• Median HH income: $42,895
• Composite: 53.28/100
• National rank: #1490
• State rank: #248 of 656 in OH

Livability — New Philadelphia

• Score: 75/100
• State rank: #265
• US rank: #4229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Philadelphia, OH
• County: Tuscarawas · 99,287 people
• City population: 24,732
• Population (ZIP): 24,732
• Household income: $62,383
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 20.1

Population outlook (Tuscarawas County) Hauer SSP2

• Today (2025): 92,253 people
• By 2030: 91,060 · -1.3%
• By 2040: 87,479 · -5.2%
• By 2050: 83,174 · -9.8%
• By 2075: 72,000 · -22.0%
• By 2100: 58,574 · -36.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 8% Two or more races 3% Asian 1%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Slovak 3% Serbian 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 6% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Tuscarawas

• 2024 margin: Solid R (+43.3) · D 28.0% · R 71.2%
• 2008→2024 swing: -45.7pp toward R · 2008: 2.4pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+39.9 2016: R+35.5 2012: R+9.8 2008: D+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -201.12%
• Current HPI: 180.4068
• 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

-28.0% since first listed

8 events — show timeline

• 2026-06-01 Listed $1 MLSNOW
• 2016-09-19 Sold (Public Records) $64,000 Public Records
• 2016-04-21 Listing Removed — MLSNOW
• 2014-06-11 Listed $69,900 MLSNOW
• 2006-02-25 Listing Removed — MLSNOW
• 2006-02-25 Listing Removed — MLSNOW
• 2005-08-25 Listed $88,900 MLSNOW
• 2005-08-25 Listed $88,900 MLSNOW

Property tax history

+6.7%/yr

Latest (2025): $1,412 · +22.4% YoY. Source: county tax records.