1417 Harrisburg Rd NE · Canton, OH 44705

$149,000

7 bd · 2.5 ba · 2,823 sqft · SingleFamily public records · 25 Days on market

Built 1916 5,998 sqft lot $53/sqft · 37% below area Est $238k · 37% under

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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 +24.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +5.9/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 7 bedroom home is currently rented and ready for its new investor owner. Currently rented until March 2027 for $2000.Tenants pay all utilities. Home set up as residential up front like a 3 bed 2 bath and a home based business in the back with offices and bathrooms- or 7 bed home. living room, great room, driveway in rear.

Key facts

• 5,998 sq ft lot
• Parking
• Built 1916

What this means for you Summary

Snapshot

• This is a 7-bed/2.5-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $147k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.1% in Canton — 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 71/100 on livability (#441 in OH) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A; Watch: crime F, employment F.
• Canton City (urban): math 17% / reading 26% proficiency, ranked #627 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.2%/yr); 71 active listings in the ZIP; lower-income renter base — watch delinquency; 528 units permitted in Stark County in 2024 (84 in 5+ unit buildings).
• This rent runs 45% of the median local income ($43k/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 $4k of value loss. Plan a longer hold.
• Stark County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($147k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 25y 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 $35k; list at $149k implies a 326% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1916 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $146,765 (1.5% below list)

Questions for the listing agent

1. Built in 1916 — 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. Crime grade is F 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?
4. 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.
5. 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.
6. 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: 1.09% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.52%
• DSCR: 1.38
• GRM: 7.7

CMA / ARV

• ARV (median comp): $238,377
• List price: $149,000
• Delta: -37.49%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.7%
• Equity multiple: 0.76×
• Total profit: $-10,045
• Equity at exit: $22,216

10-year hold

• IRR: -1.1%
• Equity multiple: 0.93×
• Total profit: $-2,851
• Equity at exit: $12,883

Cash invested: $41,720 (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 44705

• Rents YoY: -0.2%
• Active inventory: 71
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,622 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$142 /mo · $1,705/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $296

Break-even live

Break-even rent $1,247

Max offer price $149,000

Occupancy floor 77%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-05-05
   status Pending 328-char remark

   Show marketing remark (328 chars)

   This 7 bedroom home is currently rented and ready for its new investor owner. Currently rented until March 2027 for $2000.Tenants pay all utilities. Home set up as residential up front like a 3 bed 2 bath and a home based business in the back with offices and bathrooms- or 7 bed home. living room, great room, driveway in rear.

2. 2026-04-28
   status Active 328-char remark

   Show marketing remark (328 chars)

   This 7 bedroom home is currently rented and ready for its new investor owner. Currently rented until March 2027 for $2000.Tenants pay all utilities. Home set up as residential up front like a 3 bed 2 bath and a home based business in the back with offices and bathrooms- or 7 bed home. living room, great room, driveway in rear.

3. 2026-03-26
   status Pending 328-char remark

   Show marketing remark (328 chars)

   This 7 bedroom home is currently rented and ready for its new investor owner. Currently rented until March 2027 for $2000.Tenants pay all utilities. Home set up as residential up front like a 3 bed 2 bath and a home based business in the back with offices and bathrooms- or 7 bed home. living room, great room, driveway in rear.

4. 2026-03-08
   listed $149,000 Active 328-char remark

   Show marketing remark (328 chars)

   This 7 bedroom home is currently rented and ready for its new investor owner. Currently rented until March 2027 for $2000.Tenants pay all utilities. Home set up as residential up front like a 3 bed 2 bath and a home based business in the back with offices and bathrooms- or 7 bed home. living room, great room, driveway in rear.

5. 2026-03-08
   historical

   Show marketing remark (328 chars)

   This 7 bedroom home is currently rented and ready for its new investor owner. Currently rented until March 2027 for $2000.Tenants pay all utilities. Home set up as residential up front like a 3 bed 2 bath and a home based business in the back with offices and bathrooms- or 7 bed home. living room, great room, driveway in rear.

6. 2026-03-02
   status Active
7. 2026-02-10
   status Pending
8. 2026-01-15
   price $149,900
9. 2025-12-04
   historical $2,100
10. 2025-12-04
    listed $168,000 Active
11. 2025-11-18
    listed $2,100
12. 2024-11-03
    historical
13. 2024-10-29
    historical $1,175
14. 2024-10-09
    price $1,175
15. 2024-09-11
    listed $1,200
16. 2024-09-05
    listed $150,000 Active
17. 2024-05-15
    soldstatus $35,000 Closed
18. 2024-05-03
    status Pending
19. 2024-04-25
    listed $49,000 Active
20. 2002-10-22
    soldstatus $44,300
21. 2002-05-16
    historical
22. 2001-11-19
    listed $48,900

ⓘ 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: $1,705 · $142/mo
• Projected year-2 tax: $2,015 · $168/mo
• Expected delta: +$310/yr (+$26/mo · 18.2%)

ⓘ 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 ≥96°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: $19,467
• − Mortgage interest: −$8,346
• − Property taxes: −$1,705
• − Insurance: −$745
• − Repairs & maintenance: −$1,557
• − Management: −$1,557
• − Depreciation: −$4,335
• Taxable income: $1,222
• Est. tax owed @ 24.0%: −$293
• After-tax cash flow: $3,259/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: Canton City
• NCES district ID: 3904371
• Math proficiency: 17% ▼ -17.00%
• Reading proficiency: 26% ▼ -12.00%
• Median HH income: $28,825
• Composite: 17.1/100
• National rank: #9116
• State rank: #627 of 656 in OH

Livability — Canton

• Score: 71/100
• State rank: #441
• US rank: #7259

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canton, OH
• County: Stark County · 272,865 people
• City population: 103,614
• Metro: Canton-Massillon, OH
• Population (ZIP): 16,872
• Household income: $43,439
• Rent vs Own: 42.8% rent · 57.2% own
• Severe rent burden: 524.0

Population outlook (Stark County) Hauer SSP2

• Today (2025): 373,708 people
• By 2030: 371,245 · -0.7%
• By 2040: 361,331 · -3.3%
• By 2050: 345,290 · -7.6%
• By 2075: 302,669 · -19.0%
• By 2100: 238,870 · -36.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 58% Black 22% Two or more races 13% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Italian 5% Romanian 4% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Stark

• 2024 margin: Strong R (+21.9) · D 38.6% · R 60.5%
• 2008→2024 swing: -27.4pp toward R · 2008: 5.5pp · 2024: -21.9pp
• All cycles: 2024: R+21.9 2020: R+18.5 2016: R+17.4 2012: R+0.4 2008: D+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -200.62%
• Current HPI: 150.1531
• Rent YoY: ▼ -0.23%
• Metro: Canton-Massillon, 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

+204.7% since first listed

22 events — show timeline

• 2026-05-05 Pending — MLSNOW
• 2026-04-28 Relisted — MLSNOW
• 2026-03-26 Pending — MLSNOW
• 2026-03-08 Listing Removed — MLSNOW
• 2026-03-08 Listed $149,000 MLSNOW
• 2026-03-02 Relisted — MLSNOW
• 2026-02-10 Pending — MLSNOW
• 2026-01-15 Price Changed $149,900 MLSNOW
• 2025-12-04 Rental Removed $2,100 YESMLS
• 2025-12-04 Listed $168,000 MLSNOW
• 2025-11-18 Listed for Rent $2,100 YESMLS
• 2024-11-03 Listing Removed — MLSNOW
• 2024-10-29 Rental Removed $1,175 YESMLS
• 2024-10-09 Price Changed $1,175 YESMLS
• 2024-09-11 Listed for Rent $1,200 YESMLS
• 2024-09-05 Listed $150,000 MLSNOW
• 2024-05-15 Sold (MLS) $35,000 MLSNOW
• 2024-05-03 Pending — MLSNOW
• 2024-04-25 Listed $49,000 MLSNOW
• 2002-10-22 Sold (Public Records) $44,300 Public Records
• 2002-05-16 Listing Removed — MLSNOW
• 2001-11-19 Listed $48,900 MLSNOW

Property tax history

+6.6%/yr

Latest (2024): $1,705 · +103.0% YoY. Source: county tax records.