521 Echo Ave · Zanesville, OH 43701

$99,900

3 bd · 1.5 ba · 1,560 sqft · SingleFamily public records · 51 Days on market

Built 1901 4,181 sqft lot $64/sqft · 16% below area Est $179k · 44% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Livability +3.7/5.0
• Rent growth +3.6/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Nice Clean home. Hardwood floors under carpet. Wood ork is original,

Key facts

• 4,181 sq ft lot
• Parking
• Built 1901

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: 2-story wood-sided house; Updated/remodeled
• Construction: Slate roof; Block foundation; Built (year source: assessor)
• Exterior features: Front porch; Has a view; Lot dimensions approximately 40 x 105

Interior

• Flooring: Hardwood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Has heating
• Interior features: Entrance foyer; High ceilings; High-speed internet; Has basement
• Laundry & utility: Laundry on lower level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $457 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.8% vs local median 3.3% in Zanesville — 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 74/100 on livability (#290 in OH, #4,764 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, crime D, commute F.
• Zanesville City (town): math 29% / reading 38% proficiency, ranked #570 of 656 in OH (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.2%/yr); 299 active listings in the ZIP; 140 units permitted in Muskingum County in 2024 (100 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Muskingum County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.2% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1901 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 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 1901 — 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. 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. 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: 1.38% ✓
• Cap rate: 11.78%
• Cash-on-cash: 19.59%
• DSCR: 1.87
• GRM: 6.0

CMA / ARV

• ARV (median comp): $178,743
• List price: $99,900
• Delta: -44.11%
• 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
911 Merrick Ave	0.25mi	3/1.0	1,500 (-4%)	0mo	$230,000	$153	79
550 Eppley Ave	0.11mi	3/2.5	1,648 (+6%)	14mo	$195,000	$118	70
404 Seborn Ave	0.19mi	3/1.5	1,603 (+3%)	20mo	$185,000	$115	70
224 Searle St	0.23mi	3/2.0	1,404 (-10%)	7mo	$183,900	$131	65
1112 Moxahala Ave	0.52mi	3/1.0	1,485 (-5%)	6mo	$32,900	$22	61
1018 Pershing Rd	0.60mi	3/1.0	1,658 (+6%)	0mo	$80,000	$48	59
1048 Putnam Ave	0.50mi	3/1.0	1,576 (+1%)	21mo	$53,900	$34	56
1040 Clay St	0.66mi	3/1.0	1,556 (-0%)	14mo	$167,000	$107	55
1246 Moxahala Ave	0.48mi	3/1.5	1,344 (-14%)	1mo	$60,000	$45	54
1108 Eppley Ave	0.41mi	4/1.0 (+1)	1,440 (-8%)	16mo	$199,900	$139	48
728 Alfred St	0.24mi	2/1.0 (-1)	1,362 (-13%)	19mo	$145,000	$106	45
1123 Pershing Rd	0.66mi	3/1.0	1,360 (-13%)	14mo	$175,000	$129	35

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 · 4.23% rent growth · sell at horizon

5-year hold

• IRR: 12.9%
• Equity multiple: 1.52×
• Total profit: $14,601
• Equity at exit: $14,895

10-year hold

• IRR: 22.7%
• Equity multiple: 3.05×
• Total profit: $57,362
• Equity at exit: $8,638

Cash invested: $27,972 (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 43701

• Home prices YoY: -23.2%
• Rents YoY: 4.2%
• Active inventory: 299
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,378 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$67 /mo · $803/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $457

Break-even live

Break-even rent $801

Max offer price $99,900

Occupancy floor 62%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-19
   days on market $99,900 Active 51 DOM
2. 2026-06-18
   days on market $99,900 Active 50 DOM
3. 2026-06-17
   days on market $99,900 Active 49 DOM
4. 2026-06-16
   days on market $99,900 Active 48 DOM
5. 2026-06-15
   days on market $99,900 Active 47 DOM
6. 2026-06-14
   days on market $99,900 Active 45 DOM
7. 2026-06-12
   days on market $99,900 Active 44 DOM
8. 2026-06-09
   days on market $99,900 Active 41 DOM
9. 2026-06-08
   days on market $99,900 Active 40 DOM
10. 2026-06-07
    days on market $99,900 Active 39 DOM
11. 2026-06-05
    days on market $99,900 Active 36 DOM
12. 2026-06-02
    days on market $99,900 Active 34 DOM
13. 2026-06-01
    days on market $99,900 Active 33 DOM
14. 2026-05-31
    days on market $99,900 Active 32 DOM
15. 2026-05-30
    days on market $99,900 Active 31 DOM
16. 2026-04-26
    listed $99,900 Active 68-char remark

ⓘ 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: $803 · $67/mo
• Projected year-2 tax: $1,181 · $98/mo
• Expected delta: +$378/yr (+$31/mo · 47.1%)

ⓘ 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 4/10 Moderate 7 d/yr ≥98°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% 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: $16,541
• − Mortgage interest: −$5,596
• − Property taxes: −$803
• − Insurance: −$500
• − Repairs & maintenance: −$1,323
• − Management: −$1,323
• − Depreciation: −$2,906
• Taxable income: $4,090
• Est. tax owed @ 24.0%: −$982
• After-tax cash flow: $4,497/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: Zanesville City
• NCES district ID: 3904517
• Math proficiency: 29% ▼ -19.00%
• Reading proficiency: 38% ▼ -11.00%
• Median HH income: $29,695
• Composite: 27.13/100
• National rank: #7035
• State rank: #570 of 656 in OH

Livability — Zanesville

• Score: 74/100
• State rank: #290
• US rank: #4764

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zanesville, OH
• County: Muskingum County · 56,402 people
• City population: 56,402
• Metro: Zanesville, OH
• Population (ZIP): 56,402
• Household income: $57,565
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1619.0

Population outlook (Muskingum County) Hauer SSP2

• Today (2025): 85,625 people
• By 2030: 84,592 · -1.2%
• By 2040: 81,288 · -5.1%
• By 2050: 76,751 · -10.4%
• By 2075: 64,143 · -25.1%
• By 2100: 47,598 · -44.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 6% Black 4% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Iranian 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Muskingum

• 2024 margin: Solid R (+43.9) · D 27.6% · R 71.6%
• 2008→2024 swing: -36.7pp toward R · 2008: -7.2pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+39.3 2016: R+35.0 2012: R+7.0 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -90.41%
• Current HPI: 298.9994
• Rent YoY: ▲ 4.23%
• Metro: Zanesville, 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

1 event — show timeline

• 2026-04-26 Listed $99,900 MLSNOW

Property tax history

+5.1%/yr

Latest (2025): $803 · -4.9% YoY. Source: county tax records.