1111 Echo St N · Malta, OH 43758

$113,900

3 bd · 1.0 ba · 1,760 sqft · SingleFamily public records · 107 Days on market

Built 1900 8,712 sqft lot $65/sqft · 30% below area Est $164k · 30% 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 +23.3/30.0
• ARV discount +15.0/15.0
• Appreciation +8.8/10.0
• DSCR +7.5/10.0
• 1% rule +5.7/10.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Most recent used as a rental property offering 3+ bedrooms, 2 full bath. Current tenants have vacated. Motivated seller. Seller may entertain owner financing.

Key facts

• 8,712 sq ft lot
• Garage
• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $114k.

Deal economics

• At list price, monthly cash flow is $208 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $114k).
• Recommended offer: $104k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#835 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B+; Watch: health & safety C-, crime D, amenities F.
• Morgan Local (rural): math 46% / reading 60% proficiency, ranked #420 of 656 in OH (top 64%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 17 active listings in the ZIP; 34 units permitted in Morgan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($787 loan paydown + $9k appreciation (7.6% local appreciation)).
• Morgan County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.6% appreciation + 3.0% rent growth), your $32k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 107 days — a 9% lower offer ($104k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $103,649 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 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. 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?
6. 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?
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 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: 1.07% ✓
• Cap rate: 8.49%
• Cash-on-cash: 7.83%
• DSCR: 1.35
• GRM: 7.8

CMA / ARV

• ARV (median comp): $163,747
• List price: $113,900
• Delta: -30.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 11th St	0.04mi	3/1.0	1,606 (-9%)	8mo	$175,000	$109	76
843 High St N	0.18mi	4/1.0 (+1)	1,665 (-5%)	18mo	$118,500	$71	63
1002 Echo St N	0.13mi	3/2.0	1,550 (-12%)	10mo	$95,000	$61	61
361 W Jefferson Ave	0.65mi	3/1.5	1,716 (-2%)	6mo	$260,000	$152	58
4018 N State Route 376 NW	0.67mi	4/2.0 (+1)	1,950 (+11%)	3mo	$140,000	$72	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

7.56% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.1%
• Equity multiple: 2.79×
• Total profit: $57,026
• Equity at exit: $83,179

10-year hold

• IRR: 22.9%
• Equity multiple: 5.88×
• Total profit: $155,573
• Equity at exit: $162,010

Cash invested: $31,892 (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 43758

• Home prices YoY: 4.2%
• Active inventory: 17
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,220 medium
• Mortgage (P&I): −$597
• Tax from tax record: −$111 /mo · $1,327/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $208

Break-even live

Break-even rent $956

Max offer price $113,900

Occupancy floor 78%

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: $28,475
• Closing costs: $3,417
• Reserves months: —
• Total cash needed: —

Listing history 40 events

1. 2026-06-18
   days on market $113,900 Active 107 DOM
2. 2026-06-17
   pricedays on market $113,900 Active 106 DOM
3. 2026-06-16
   days on market $115,000 Active 105 DOM
4. 2026-06-15
   days on market $115,000 Active 104 DOM
5. 2026-06-13
   days on market $115,000 Active 102 DOM
6. 2026-06-12
   days on market $115,000 Active 101 DOM
7. 2026-06-09
   days on market $115,000 Active 98 DOM
8. 2026-06-08
   days on market $115,000 Active 97 DOM
9. 2026-06-08
   days on market $115,000 Active 96 DOM
10. 2026-06-07
    days on market $115,000 Active 95 DOM
11. 2026-06-04
    days on market $115,000 Active 92 DOM
12. 2026-06-02
    days on market $115,000 Active 91 DOM
13. 2026-06-01
    days on market $115,000 Active 90 DOM
14. 2026-05-31
    days on market $115,000 Active 89 DOM
15. 2026-05-12
    price $115,000 158-char remark

    Show marketing remark (158 chars)

    Most recent used as a rental property offering 3+ bedrooms, 2 full bath. Current tenants have vacated. Motivated seller. Seller may entertain owner financing.

16. 2026-05-12
    price $115,000 158-char remark

    Show marketing remark (158 chars)

    Most recent used as a rental property offering 3+ bedrooms, 2 full bath. Current tenants have vacated. Motivated seller. Seller may entertain owner financing.

17. 2026-05-01
    price $120,000 158-char remark

    Show marketing remark (158 chars)

    Most recent used as a rental property offering 3+ bedrooms, 2 full bath. Current tenants have vacated. Motivated seller. Seller may entertain owner financing.

18. 2026-04-21
    price $120,000 158-char remark

    Show marketing remark (158 chars)

    Most recent used as a rental property offering 3+ bedrooms, 2 full bath. Current tenants have vacated. Motivated seller. Seller may entertain owner financing.

19. 2026-04-05
    listed $124,000 Active 158-char remark

    Show marketing remark (158 chars)

    Most recent used as a rental property offering 3+ bedrooms, 2 full bath. Current tenants have vacated. Motivated seller. Seller may entertain owner financing.

20. 2026-03-03
    listed $124,000 Active 158-char remark

    Show marketing remark (158 chars)

    Most recent used as a rental property offering 3+ bedrooms, 2 full bath. Current tenants have vacated. Motivated seller. Seller may entertain owner financing.

21. 2024-03-13
    soldstatus $245,500
22. 2023-11-07
    historical
23. 2023-09-19
    price $129,900
24. 2023-08-14
    price $134,900
25. 2023-07-17
    price $139,900
26. 2023-06-13
    price $144,900
27. 2023-05-04
    listed $149,900 Active
28. 2022-02-18
    soldstatus $133,400
29. 2019-12-13
    soldstatus $19,500
30. 2019-06-20
    listed $28,000
31. 2013-08-28
    soldstatus $74,500
32. 2013-08-23
    soldstatus $74,500
33. 2013-08-23
    soldstatus $74,500
34. 2013-04-01
    listed $76,900
35. 2013-03-27
    historical
36. 2012-09-27
    listed $76,900
37. 2012-09-27
    listed $79,900
38. 2005-03-31
    soldstatus $74,000
39. 2005-01-24
    listed $78,500
40. 1996-08-02
    soldstatus $40,000

ⓘ 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: $1,327 · $111/mo
• Projected year-2 tax: $1,552 · $129/mo
• Expected delta: +$225/yr (+$19/mo · 17.0%)

ⓘ 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 4/10 Moderate 7 d/yr ≥98°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% 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: $14,635
• − Mortgage interest: −$6,380
• − Property taxes: −$1,327
• − Insurance: −$570
• − Repairs & maintenance: −$1,171
• − Management: −$1,171
• − Depreciation: −$3,313
• Taxable income: $704
• Est. tax owed @ 24.0%: −$169
• After-tax cash flow: $2,329/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: Morgan Local
• NCES district ID: 3904877
• Math proficiency: 46% ▼ -20.00%
• Reading proficiency: 60% ▼ -9.00%
• Median HH income: $36,523
• Composite: 43.93/100
• National rank: #2907
• State rank: #420 of 656 in OH

Livability — Malta

• Score: 63/100
• State rank: #835
• US rank: #15616

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Malta, OH
• County: Morgan · 19,509 people
• Population (ZIP): 2,900
• Household income: $56,477
• Rent vs Own: 16.4% rent · 83.6% own
• Severe rent burden: 10.9

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 14,024 people
• By 2030: 13,485 · -3.8%
• By 2040: 12,222 · -12.8%
• By 2050: 10,912 · -22.2%
• By 2075: 8,181 · -41.7%
• By 2100: 5,838 · -58.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Black 3% Two or more races 2%
• Common ancestry: Serbian 3%
• Foreign-born: 1%
• Languages at home: 95% English-only · German/W. Germanic 4%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+53.2) · D 23.0% · R 76.2%
• 2008→2024 swing: -46.0pp toward R · 2008: -7.2pp · 2024: -53.2pp
• All cycles: 2024: R+53.2 2020: R+48.4 2016: R+41.4 2012: R+6.0 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.56%
• Current HPI: 188.0191
• 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

+187.5% since first listed

26 events — show timeline

• 2026-05-12 Price Changed $115,000 CBRMLS
• 2026-05-12 Price Changed $115,000 MLSNOW
• 2026-05-01 Price Changed $120,000 MLSNOW
• 2026-04-21 Price Changed $120,000 CBRMLS
• 2026-04-05 Listed $124,000 MLSNOW
• 2026-03-03 Listed $124,000 CBRMLS
• 2024-03-13 Sold (Public Records) $245,500 Public Records
• 2023-11-07 Listing Removed — MLSNOW
• 2023-09-19 Price Changed $129,900 MLSNOW
• 2023-08-14 Price Changed $134,900 MLSNOW
• 2023-07-17 Price Changed $139,900 MLSNOW
• 2023-06-13 Price Changed $144,900 MLSNOW
• 2023-05-04 Listed $149,900 MLSNOW
• 2022-02-18 Sold (Public Records) $133,400 Public Records
• 2019-12-13 Sold (MLS) $19,500 MLSNOW
• 2019-06-20 Listed $28,000 MLSNOW
• 2013-08-28 Sold (Public Records) $74,500 Public Records
• 2013-08-23 Sold (MLS) $74,500 MLSNOW
• 2013-08-23 Sold (MLS) $74,500 MLSNOW
• 2013-04-01 Listed $76,900 MLSNOW
• 2013-03-27 Listing Removed — MLSNOW
• 2012-09-27 Listed $79,900 MLSNOW
• 2012-09-27 Listed $76,900 MLSNOW
• 2005-03-31 Sold (Public Records) $74,000 Public Records
• 2005-01-24 Listed $78,500 MLSNOW
• 1996-08-02 Sold (Public Records) $40,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $1,327 · +7.9% YoY. Source: county tax records.