7660 Lakefield St · Harrisburg, OH 44641

$149,900

3 bd · 2.0 ba · 1,487 sqft · SingleFamily public records · 8 Days on market

Built 1955 0.50 ac lot $101/sqft · 37% below area Est $239k · 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 +21.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• Schools +5.9/10.0
• 1% rule +5.5/10.0
• Rent growth +3.9/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brick and vinyl ranch situated on almost half acre lot. Needs repairs due to several unfinished projects

Key facts

• Spacious lot
• Nearly half an acre
• Solid brick ranch

Tags

• SOLID BRICK RANCH
• NEARLY HALF AN ACRE
• SPACIOUS LOT
• GENEROUS LIVING SPACE

Property features AI

Exterior

• Parking: 1-car garage; Concrete driveway; Direct garage access; Garage has electricity
• Utilities: Private well water; Septic tank sewer
• Home design: Single-story home; Fixer condition
• Construction: Brick and vinyl siding exterior; Asphalt/fiberglass roof; Built per public records
• Exterior features: Above-ground private pool; Lot is just under 0.5 acre

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Central air conditioning; Forced-air gas heating
• Interior features: Fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

Location & tenants

• Location reads 61/100 on livability (#942 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: schools F, amenities F, commute F.
• Louisville City (suburban): math 67% / reading 70% proficiency, ranked #162 of 656 in OH (top 25%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+5.6%/yr); 88 active listings in the ZIP; solid renter incomes; 528 units permitted in Stark County in 2024 (84 in 5+ unit buildings).

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.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 33y 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 $130k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1955 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.05% ✓
• Cap rate: 8.08%
• Cash-on-cash: 6.38%
• DSCR: 1.28
• GRM: 7.9

CMA / ARV

• ARV (median comp): $238,881
• List price: $149,900
• Delta: -37.25%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7660 Lakefield St	0.00mi	3/2.0	1,487 (0%)	0mo	$130,000	$87	100
7960 Hebron Ave	0.05mi	4/2.0 (+1)	1,505 (+1%)	22mo	$239,900	$159	72
8204 Columbus Rd NE	0.58mi	3/2.0	1,415 (-5%)	1mo	$355,000	$251	64
8292 Ravenna Ave	0.39mi	3/3.0	1,512 (+2%)	17mo	$235,000	$155	61
7997 Columbus Rd NE	0.34mi	3/1.0	1,300 (-13%)	0mo	$201,000	$155	59

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 · 5.57% rent growth · sell at horizon

5-year hold

• IRR: -3.6%
• Equity multiple: 0.86×
• Total profit: $-5,864
• Equity at exit: $22,351

10-year hold

• IRR: 8.8%
• Equity multiple: 1.75×
• Total profit: $31,399
• Equity at exit: $12,961

Cash invested: $41,972 (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 44641

• Rents YoY: 5.6%
• Active inventory: 88
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,580 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$176 /mo · $2,117/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $223

Break-even live

Break-even rent $1,297

Max offer price $149,900

Occupancy floor 81%

Sensitivity live

Price	-10% $308	-5% $266	+0% $223	+5% $181	+10% $138
Rent	-10% $98	-5% $161	+0% $223	+5% $286	+10% $348
Rate	-1.0pp $299	-0.5pp $261	base $223	+0.5pp $184	+1.0pp $145

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-14
   listed $149,900 Active 659-char remark
2. 2022-02-28
   soldstatus $115,000 Closed 104-char remark

   Show marketing remark (104 chars)

   Brick and vinyl ranch situated on almost half acre lot. Needs repairs due to several unfinished projects

3. 2022-02-28
   soldstatus $116,000

   Show marketing remark (104 chars)

   Brick and vinyl ranch situated on almost half acre lot. Needs repairs due to several unfinished projects

4. 2022-01-31
   status Pending 104-char remark

   Show marketing remark (104 chars)

   Brick and vinyl ranch situated on almost half acre lot. Needs repairs due to several unfinished projects

5. 2022-01-30
   listed $130,000 Active 104-char remark

   Show marketing remark (104 chars)

   Brick and vinyl ranch situated on almost half acre lot. Needs repairs due to several unfinished projects

6. 2017-05-18
   soldstatus $108,000 Sold
7. 2017-05-18
   soldstatus $108,000
8. 2017-05-08
   status Pending
9. 2017-04-10
   historical Contingent
10. 2017-04-04
    listed $108,000 Active
11. 1994-03-10
    soldstatus $71,500
12. 1994-02-08
    historical
13. 1993-10-08
    listed $73,500

ⓘ 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: $2,117 · $176/mo
• Projected year-2 tax: $2,228 · $186/mo
• Expected delta: +$111/yr (+$9/mo · 5.2%)

ⓘ 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 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,960
• − Mortgage interest: −$8,397
• − Property taxes: −$2,117
• − Insurance: −$750
• − Repairs & maintenance: −$1,517
• − Management: −$1,517
• − Depreciation: −$4,361
• Taxable income: $303
• Est. tax owed @ 24.0%: −$73
• After-tax cash flow: $2,606/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: Louisville City
• NCES district ID: 3904987
• Math proficiency: 67% ▼ -11.00%
• Reading proficiency: 70% ▼ -4.00%
• Median HH income: $54,455
• Composite: 58.54/100
• National rank: #992
• State rank: #162 of 656 in OH

Livability — Harrisburg

• Score: 61/100
• State rank: #942
• US rank: #18192

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Stark County · 272,865 people
• City population: 360
• Metro: Canton-Massillon, OH
• Population (ZIP): 20,031
• Household income: $80,303
• Rent vs Own: 23.5% rent · 76.5% own
• Severe rent burden: 344.0

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: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Black 1%
• Common ancestry: Italian 6% Lithuanian 5% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · 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: ▼ -203.38%
• Current HPI: 214.6849
• Rent YoY: ▲ 5.57%
• 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

+76.9% since first listed

16 events — show timeline

• 2026-06-05 Sold (Public Records) $130,000 Public Records
• 2026-06-05 Sold (MLS) $130,000 MLSNOW
• 2026-05-22 Pending — MLSNOW
• 2026-05-14 Listed $149,900 MLSNOW
• 2022-02-28 Sold (Public Records) $116,000 Public Records
• 2022-02-28 Sold (MLS) $115,000 MLSNOW
• 2022-01-31 Pending — MLSNOW
• 2022-01-30 Listed $130,000 MLSNOW
• 2017-05-18 Sold (Public Records) $108,000 Public Records
• 2017-05-18 Sold (MLS) $108,000 MLSNOW
• 2017-05-08 Pending — MLSNOW
• 2017-04-10 Contingent — MLSNOW
• 2017-04-04 Listed $108,000 MLSNOW
• 1994-03-10 Sold (Public Records) $71,500 Public Records
• 1994-02-08 Listing Removed — MLSNOW
• 1993-10-08 Listed $73,500 MLSNOW

Property tax history

+4.2%/yr

Latest (2024): $2,117 · +13.7% YoY. Source: county tax records.