883 Rosewood Dr · Galion, OH 44833

$29,900

2 bd · 1.0 ba · 1,306 sqft · SingleFamily public records · 119 Days on market

Built 1900 $23/sqft · 84% below area

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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 +3.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special, with exceptional potential on a desirable corner lot, in a great neighborhood! This property offers solid bones and an ideal layout for your next renovation or investment project. Featuring a main-floor bedroom and convenient main-floor washer and dryer hookup, it provides a functional foundation that today's buyers appreciate. With vision and updates, this home can be transformed into something truly beautiful. Opportunities like this in such a prime location don't come along often—don't miss your chance to unlock its full potential.

Key facts

• Corner lot
• Built 1900
• Listed 118 days

Tags

• CORNER LOT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $686 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $27k (9.0% below list) — sets the bar for market timing.
• Cap rate 33.8% vs local median 4.8% in Galion — 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 63/100 on livability (#833 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools C-, amenities F, commute F.
• Galion City (town): math 36% / reading 56% proficiency, ranked #499 of 656 in OH (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 76 active listings in the ZIP; 8 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $897 of value loss. Plan a longer hold.
• Crawford County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($27k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $22k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $27,209 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% 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. 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.
6. 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.
7. 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: 3.79% ✓
• Cap rate: 33.82%
• Cash-on-cash: 98.32%
• DSCR: 5.37
• GRM: 2.2

CMA / ARV

• ARV (median comp): $191,292
• List price: $29,900
• Delta: -84.37%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
424 John St	0.39mi	2/1.0	1,294 (-1%)	4mo	$20,690	$16	77
283 Hessenauer Dr	0.29mi	3/2.0 (+1)	1,292 (-1%)	14mo	$170,000	$132	64
157 Rensch Ave	0.36mi	2/2.0	1,236 (-5%)	17mo	$115,000	$93	56
522 Grand St	0.49mi	2/1.0	1,222 (-6%)	13mo	$137,000	$112	56
763 Sunnyside Dr	0.28mi	3/2.5 (+1)	1,156 (-12%)	11mo	$199,000	$172	48
501 Virgil St	0.53mi	3/1.0 (+1)	1,248 (-4%)	20mo	$153,900	$123	47
604 Cherry St	0.56mi	3/1.0 (+1)	1,260 (-4%)	21mo	$127,900	$102	45
334 West Railroad St	0.67mi	3/1.0 (+1)	1,349 (+3%)	19mo	$80,000	$59	42
337 Grove Ave	0.68mi	3/1.0 (+1)	1,494 (+14%)	0mo	$118,000	$79	39
985 Highland Ave	0.71mi	3/2.0 (+1)	1,476 (+13%)	0mo	$190,000	$129	36
624 W Church St	0.69mi	3/1.5 (+1)	1,480 (+13%)	15mo	$40,000	$27	26
139 Arlington Ave	0.67mi	3/2.0 (+1)	1,130 (-14%)	15mo	$180,000	$159	24

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: 99.3%
• Equity multiple: 5.64×
• Total profit: $38,862
• Equity at exit: $4,458

10-year hold

• IRR: —
• Equity multiple: 11.77×
• Total profit: $90,174
• Equity at exit: $2,585

Cash invested: $8,372 (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 44833

• Home prices YoY: -27.9%
• Active inventory: 76
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,134 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$41 /mo · $490/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $686

Break-even live

Break-even rent $266

Max offer price $29,900

Occupancy floor 35%

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $29,900 Active 119 DOM
2. 2026-06-18
   days on market $29,900 Active 118 DOM
3. 2026-06-17
   days on market $29,900 Active 117 DOM
4. 2026-06-16
   days on market $29,900 Active 116 DOM
5. 2026-06-15
   days on market $29,900 Active 115 DOM
6. 2026-06-14
   days on market $29,900 Active 113 DOM
7. 2026-06-12
   days on market $29,900 Active 112 DOM
8. 2026-06-09
   days on market $29,900 Active 109 DOM
9. 2026-06-08
   days on market $29,900 Active 108 DOM
10. 2026-06-07
    days on market $29,900 Active 107 DOM
11. 2026-06-02
    days on market $29,900 Active 102 DOM
12. 2026-06-01
    days on market $29,900 Active 101 DOM
13. 2026-05-31
    days on market $29,900 Active 100 DOM
14. 2026-05-30
    days on market $29,900 Active 99 DOM
15. 2026-05-08
    price $29,900 564-char remark

    Show marketing remark (564 chars)

    Investor special, with exceptional potential on a desirable corner lot, in a great neighborhood! This property offers solid bones and an ideal layout for your next renovation or investment project. Featuring a main-floor bedroom and convenient main-floor washer and dryer hookup, it provides a functional foundation that today's buyers appreciate. With vision and updates, this home can be transformed into something truly beautiful. Opportunities like this in such a prime location don't come along often—don't miss your chance to unlock its full potential.

16. 2026-02-20
    listed $34,900 Active 564-char remark

    Show marketing remark (564 chars)

    Investor special, with exceptional potential on a desirable corner lot, in a great neighborhood! This property offers solid bones and an ideal layout for your next renovation or investment project. Featuring a main-floor bedroom and convenient main-floor washer and dryer hookup, it provides a functional foundation that today's buyers appreciate. With vision and updates, this home can be transformed into something truly beautiful. Opportunities like this in such a prime location don't come along often—don't miss your chance to unlock its full potential.

17. 2008-04-25
    soldstatus $22,000

ⓘ 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: $490 · $41/mo
• Projected year-2 tax: $490 · $41/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ 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
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,611
• − Mortgage interest: −$1,675
• − Property taxes: −$490
• − Insurance: −$150
• − Repairs & maintenance: −$1,089
• − Management: −$1,089
• − Depreciation: −$870
• Taxable income: $8,249
• Est. tax owed @ 24.0%: −$1,980
• After-tax cash flow: $6,252/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: Galion City
• NCES district ID: 3904402
• Math proficiency: 36% ▼ -12.00%
• Reading proficiency: 56% ▬ 0.00%
• Median HH income: $36,331
• Composite: 38.08/100
• National rank: #4279
• State rank: #499 of 656 in OH

Livability — Galion

• Score: 63/100
• State rank: #833
• US rank: #15587

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galion, OH
• County: Morrow · 41,908 people
• City population: 16,641
• Metro: Columbus, OH
• Population (ZIP): 16,641
• Household income: $57,234
• Rent vs Own: 34.6% rent · 65.4% own
• Severe rent burden: 3.8

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 39,421 people
• By 2030: 37,656 · -4.5%
• By 2040: 34,043 · -13.6%
• By 2050: 30,617 · -22.3%
• By 2075: 23,652 · -40.0%
• By 2100: 17,786 · -54.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Crawford

• 2024 margin: Solid R (+53.0) · D 23.1% · R 76.1%
• 2008→2024 swing: -33.9pp toward R · 2008: -19.0pp · 2024: -53.0pp
• All cycles: 2024: R+53.0 2020: R+50.9 2016: R+46.8 2012: R+22.7 2008: R+19.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.57%
• Current HPI: 218.195
• 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

+35.9% since first listed

3 events — show timeline

• 2026-05-08 Price Changed $29,900 MARMLS
• 2026-02-20 Listed $34,900 MARMLS
• 2008-04-25 Sold (Public Records) $22,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $490 · -0.3% YoY. Source: county tax records.