313 & 315 Ridgeway St · Coal Grove, OH 45638

$44,182

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 34 Days on market

Built 1947 5,227 sqft lot

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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 +4.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Court Ordered Sale by Private Selling Officer. Auction ends on June 30, 2026. This property includes 2 single family homes. All information we have on the property is included. We have no additional information, property condition is unknown. NO SHOWINGS, NO trespassing for any reason. Information is thought to be correct but not guaranteed. 10% Buyer Premium added to the high bid, $5,000 deposit is due within 24 hours of bidding end.

Key facts

• 5,227 sq ft lot
• Built 1947
• Listed 33 days

Property features AI

Finance

• Other: Listing broker: Prodigy Properties; Listing agent: April Lane
• Financial info: Financial details not provided
• HOA & community: HOA information not provided

Exterior

• Parking: Parking details not provided
• Security: Security details not provided
• Utilities: Utilities details not provided
• Home design: Single-family residence; One story
• Construction: Wood siding exterior; Construction year not provided; Foundation details not provided
• Exterior features: Asphalt shingle roof

Interior

• Kitchen: Kitchen details not provided
• Bedrooms: Bedrooms information not provided
• Flooring: Flooring details not provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Has heating (type listed as Other); No central cooling
• Interior features: Total of 4 rooms
• Laundry & utility: Laundry details not provided

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $44k.

Deal economics

• At list price, monthly cash flow is $355 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($820 rent vs $44k).
• Recommended offer: $43k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#638 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Dawson-Bryant Local (suburban): math 44% / reading 50% proficiency, ranked #485 of 656 in OH (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Dawson-Bryant Elementary School (math 58% / reading 56%, grade C+, #729 of 1,584 statewide, top 48%, 576 students, 0% FRL); Dawson-Bryant Middle School (math 37% / reading 45%, grade F, #505 of 654 statewide, top 78%, 262 students, 0% FRL); Dawson-Bryant High School (math 27% / reading 52%, grade F, #528 of 781 statewide, top 71%, 311 students, 0% FRL) — zoned schools average 0% FRL vs 54% district-wide (54 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 86 active listings in the ZIP; 18 units permitted in Lawrence County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $306 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Lawrence 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 $12k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $10k; list at $44k implies a 321% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $42,856 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.86% ✓
• Cap rate: 15.94%
• Cash-on-cash: 34.47%
• DSCR: 2.53
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $102,816
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
805-1/2 High St	0.16mi	2/1.0	744 (+11%)	2mo	$100,000	$134	73
701 Lane	0.18mi	2/1.0	768 (+14%)	16mo	$117,500	$153	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: 29.9%
• Equity multiple: 2.25×
• Total profit: $15,478
• Equity at exit: $6,588

10-year hold

• IRR: 37.2%
• Equity multiple: 4.45×
• Total profit: $42,640
• Equity at exit: $3,820

Cash invested: $12,371 (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 45638

• Home prices YoY: -19.6%
• Active inventory: 86
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $820 medium
• Mortgage (P&I): −$232
• Tax from tax record: −$43 /mo · $511/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$172
• Net cashflow: $355

Break-even live

Break-even rent $370

Max offer price $44,182

Occupancy floor 52%

Sensitivity live

Price	-10% $380	-5% $368	+0% $355	+5% $343	+10% $330
Rent	-10% $291	-5% $323	+0% $355	+5% $388	+10% $420
Rate	-1.0pp $378	-0.5pp $367	base $355	+0.5pp $344	+1.0pp $332

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: $11,046
• Closing costs: $1,325
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-21
   days on market $44,182 Active 34 DOM
2. 2026-06-21
   days on market $44,182 Active 33 DOM
3. 2026-06-18
   days on market $44,182 Active 31 DOM
4. 2026-06-17
   days on market $44,182 Active 30 DOM
5. 2026-06-16
   days on market $44,182 Active 29 DOM
6. 2026-06-15
   days on market $44,182 Active 28 DOM
7. 2026-06-13
   days on market $44,182 Active 26 DOM
8. 2026-06-12
   remarks 438-char remark
9. 2026-06-12
   days on market $44,182 Active 25 DOM
10. 2026-06-09
    days on market $44,182 Active 22 DOM
11. 2026-06-08
    days on market $44,182 Active 21 DOM
12. 2026-06-08
    days on market $44,182 Active 20 DOM
13. 2026-06-05
    days on market $44,182 Active 18 DOM
14. 2026-06-04
    days on market $44,182 Active 16 DOM
15. 2026-06-02
    days on market $44,182 Active 15 DOM
16. 2026-06-01
    days on market $44,182 Active 14 DOM
17. 2026-05-31
    days on market $44,182 Active 13 DOM
18. 2026-05-18
    listed $44,182 Active
19. 1991-11-15
    soldstatus $10,500

ⓘ 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: $511 · $43/mo
• Projected year-2 tax: $600 · $50/mo
• Expected delta: +$89/yr (+$7/mo · 17.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 27% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥102°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,843
• − Mortgage interest: −$2,475
• − Property taxes: −$511
• − Insurance: −$221
• − Repairs & maintenance: −$787
• − Management: −$787
• − Depreciation: −$1,285
• Taxable income: $3,777
• Est. tax owed @ 24.0%: −$906
• After-tax cash flow: $3,358/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: Dawson-Bryant Local
• NCES district ID: 3904792
• Math proficiency: 44% ▼ -31.00%
• Reading proficiency: 50% ▼ -19.00%
• Median HH income: $45,537
• Composite: 39.85/100
• National rank: #3870
• State rank: #485 of 656 in OH

Livability — Coal Grove

• Score: 66/100
• State rank: #638
• US rank: #11274

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coal Grove, OH
• County: Lawrence · 57,020 people
• Metro: Huntington-Ashland, WV-KY-OH
• Population (ZIP): 19,921
• Household income: $49,544
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 10.7

Population outlook (Lawrence County) Hauer SSP2

• Today (2025): 57,915 people
• By 2030: 55,650 · -3.9%
• By 2040: 50,523 · -12.8%
• By 2050: 45,103 · -22.1%
• By 2075: 32,441 · -44.0%
• By 2100: 21,754 · -62.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Black 1%
• Common ancestry: Slovak 2% Iranian 2% Lithuanian 1%
• Foreign-born: 0%

Political lean MEDSL · Lawrence

• 2024 margin: Solid R (+50.5) · D 24.4% · R 74.9%
• 2008→2024 swing: -35.2pp toward R · 2008: -15.3pp · 2024: -50.5pp
• All cycles: 2024: R+50.5 2020: R+45.6 2016: R+43.9 2012: R+15.5 2008: R+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.00%
• Current HPI: 196.7459
• 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

+320.8% since first listed

2 events — show timeline

• 2026-05-18 Listed $44,182 ACBOR
• 1991-11-15 Sold (Public Records) $10,500 Public Records

Property tax history

+2.4%/yr

Latest (2025): $511 · +0.2% YoY. Source: county tax records.