1341 Lusch Rd · Marion, OH 43302

$125,000

3 bd · 1.0 ba · 1,180 sqft · SingleFamily public records · 2 Days on market

Built 1959 0.59 ac lot Est $227k · 45% 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 +22.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.8/10.0
• Schools +4.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits with this 3 bedroom, 1 bath ranch home located in the desirable Lusch Addition. Situated on a large lot, this property features a fenced backyard, perfect for pets, play, or outdoor entertaining, along with a spacious patio for relaxing and gathering with family and friends. The enclosed breezeway connecting the home to the attached two-car garage offers additional living or recreational space and is enhanced by a cozy wood-burning stove. The main home is heated with natural gas and is serviced by well water and county sewer. This longtime family home is ready for its next chapter. Bring your finishing touches, decorating ideas, and vision to restore and personalize this

Key facts

• Natural gas heating
• Wood-burning stove
• Spacious patio

Tags

• FENCED BACKYARD
• SPACIOUS PATIO
• ENCLOSED BREEZEWAY
• WOOD-BURNING STOVE
• NATURAL GAS HEATING
• WELL WATER

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public sewer; Well water
• Home design: Single-family residence; One story; Built in 1959; No shared/common walls
• Construction: Block foundation; Built in 1959
• Exterior features: Patio; Fenced yard; Block foundation

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Wood flooring; Vinyl flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Full basement; Wood and vinyl flooring

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Cap rate 8.4% vs local median 6.8% in Marion — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 65/100 on livability (#704 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• Pleasant Local (rural): math 49% / reading 56% proficiency, ranked #399 of 656 in OH (top 61%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Pleasant Elementary School (math 50% / reading 53%, grade C-, #888 of 1,584 statewide, top 56%, 475 students, 30% FRL); Pleasant Middle School (math 53% / reading 56%, grade B-, #342 of 654 statewide, top 54%, 425 students, 30% FRL); Pleasant High School (math 32% / reading 67%, grade D, #390 of 781 statewide, top 54%, 326 students, 23% FRL) — zoned schools at 28% FRL track the district average.
• Market conditions: 208 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Marion County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $125,000

Questions for the listing agent

1. Built in 1959 — 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 D-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. 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: 1.08% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.39%
• DSCR: 1.33
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $226,560
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1150 Oakwood Rd	0.22mi	3/1.0	1,186 (+0%)	16mo	$169,000	$142	75
1040 Chenonceaux Dr	0.60mi	3/1.5	1,263 (+7%)	13mo	$260,000	$206	47
1140 Blois Dr	0.42mi	3/2.0	1,320 (+12%)	14mo	$254,000	$192	45

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: -5.0%
• Equity multiple: 0.81×
• Total profit: $-6,513
• Equity at exit: $18,638

10-year hold

• IRR: 4.7%
• Equity multiple: 1.34×
• Total profit: $12,061
• Equity at exit: $10,808

Cash invested: $35,000 (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 43302

• Home prices YoY: -33.9%
• Active inventory: 208
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,352 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$145 /mo · $1,734/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $216

Break-even live

Break-even rent $1,079

Max offer price $125,000

Occupancy floor 79%

Sensitivity live

Price	-10% $286	-5% $251	+0% $216	+5% $180	+10% $145
Rent	-10% $109	-5% $162	+0% $216	+5% $269	+10% $322
Rate	-1.0pp $279	-0.5pp $247	base $216	+0.5pp $183	+1.0pp $150

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
372 Jamesway Dr Marion, OH	1.0–2.0	1.0–2.0	827	$1,245	$1.50	45d	7	1.26mi
1205 Lake Blvd Marion, OH	2.0	1.0	851	$1,250	$1.47	45d	4	1.37mi
1250 Crescent Heights Rd Marion, OH	1.0–3.0	1.0	827	$1,200	$1.45	45d	1	1.40mi

Listing history 4 events

1. 2026-06-05
   status $125,000 Pending 2 DOM
2. 2026-06-03
   days on market $125,000 Active 2 DOM
3. 2026-06-02
   remarks 699-char remark
4. 2026-06-02
   listed $125,000 Active 1 DOM

ⓘ 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: $1,734 · $145/mo
• Projected year-2 tax: $1,842 · $154/mo
• Expected delta: +$108/yr (+$9/mo · 6.2%)

ⓘ 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 ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,218
• − Mortgage interest: −$7,002
• − Property taxes: −$1,734
• − Insurance: −$625
• − Repairs & maintenance: −$1,297
• − Management: −$1,297
• − Depreciation: −$3,636
• Taxable income: $626
• Est. tax owed @ 24.0%: −$150
• After-tax cash flow: $2,437/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: Pleasant Local
• NCES district ID: 3904842
• Math proficiency: 49% ▼ -20.00%
• Reading proficiency: 56% ▼ -12.00%
• Median HH income: $53,276
• Composite: 45.14/100
• National rank: #2681
• State rank: #399 of 656 in OH

Livability — Marion

• Score: 65/100
• State rank: #704
• US rank: #12605

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 53,702 people
• City population: 53,702
• Metro: Marion, OH
• Population (ZIP): 53,702
• Household income: $55,057
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1554.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.52%
• Current HPI: 223.5344
• Rent YoY: —
• Metro: Marion, 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

• 2026-06-01 Listed $125,000 CBRMLS

Property tax history

+8.4%/yr

Latest (2025): $1,734 · +0.0% YoY. Source: county tax records.