614 Karen Ave NW · New Philadelphia, OH 44663

$20,000

2 bd · 1.0 ba · 672 sqft · SingleFamily · 1 Days on market

Built 1967 Fair condition

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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 +5.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1 story living! 2 bedroom home with some updates. Covered front porch. Updated kitchen with concrete counters. Attached storage building. Agent owned. $225 monthly lot rent.

Key facts

• Built 1967

Property features AI

Finance

• Financial info: Property has a land lease of $250

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-story home; Aluminum siding; Asphalt roof
• Construction: Built (year per public records); Aluminum siding construction; Asphalt roof

Interior

• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Baseboard electric heating; Window air conditioning units
• Interior features: Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $20k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $395 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($675 rent vs $20k).
• Cap rate 30.0% vs local median 2.6% in New Philadelphia — 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 75/100 on livability (#265 in OH, #4,229 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• New Philadelphia City (town): math 61% / reading 66% proficiency, ranked #248 of 656 in OH (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 72 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 244 units permitted in Tuscarawas County in 2024 (0 in 5+ unit buildings).
• This rent is only 13% of the median local income ($62k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $138 of loan paydown is wiped out by about $600 of value loss. Plan a longer hold.
• Tuscarawas County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 3y 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.

Recommended offer $20,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1967 — 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. 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?
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: 3.38% ✓
• Cap rate: 30.00%
• Cash-on-cash: 84.65%
• DSCR: 4.77
• GRM: 2.5

CMA / ARV

• ARV (on-the-fly): $112,224
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
608 Karen Ave NW	0.01mi	2/1.0	728 (+8%)	6mo	$19,900	$27	80
1127 Schell Ave NW	0.43mi	2/1.0	720 (+7%)	1mo	$151,000	$210	67
606 Karen Ave NW	0.02mi	2/1.0	576 (-14%)	16mo	$16,500	$29	62
610 Patricia Ave NW	0.03mi	3/1.0 (+1)	760 (+13%)	18mo	$17,000	$22	57
743 Park Ave NW	0.35mi	2/1.0	764 (+14%)	15mo	$149,900	$196	48
318 Prospect St	0.73mi	1/1.0 (-1)	672 (0%)	16mo	$112,500	$167	47
1075 Grant Ave NW	0.59mi	1/2.0 (-1)	720 (+7%)	6mo	$135,900	$189	46
1138 Sherman Ave NW	0.45mi	2/1.5	616 (-8%)	21mo	$92,500	$150	46

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: 85.1%
• Equity multiple: 4.92×
• Total profit: $21,929
• Equity at exit: $2,982

10-year hold

• IRR: 88.3%
• Equity multiple: 10.20×
• Total profit: $51,534
• Equity at exit: $1,729

Cash invested: $5,600 (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 44663

• Active inventory: 72
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $675 medium
• Mortgage (P&I): −$105
• Tax est. 1.5%: −$25 /mo · $300/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$142
• Net cashflow: $395

Break-even live

Break-even rent $175

Max offer price $20,000

Occupancy floor 36%

Sensitivity live

Price	-10% $409	-5% $402	+0% $395	+5% $388	+10% $381
Rent	-10% $342	-5% $368	+0% $395	+5% $422	+10% $448
Rate	-1.0pp $405	-0.5pp $400	base $395	+0.5pp $390	+1.0pp $385

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: $5,000
• Closing costs: $600
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
226 Beaver Ave NE Unit C New Philadelphia, OH	1.0	1.0	600	$675	$1.12	45d	1	1.44mi

Listing history 4 events

1. 2026-05-22
   listed $20,000 Active
2. 2023-12-06
   soldstatus $20,000 Closed 174-char remark

   Show marketing remark (174 chars)

   1 story living! 2 bedroom home with some updates. Covered front porch. Updated kitchen with concrete counters. Attached storage building. Agent owned. $225 monthly lot rent.

3. 2023-12-05
   status Pending 174-char remark

   Show marketing remark (174 chars)

   1 story living! 2 bedroom home with some updates. Covered front porch. Updated kitchen with concrete counters. Attached storage building. Agent owned. $225 monthly lot rent.

4. 2023-12-04
   listed $20,000 Active 174-char remark

   Show marketing remark (174 chars)

   1 story living! 2 bedroom home with some updates. Covered front porch. Updated kitchen with concrete counters. Attached storage building. Agent owned. $225 monthly lot rent.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $8,100
• − Mortgage interest: −$1,120
• − Property taxes: −$300
• − Insurance: −$100
• − Repairs & maintenance: −$648
• − Management: −$648
• − Depreciation: −$582
• Taxable income: $4,702
• Est. tax owed @ 24.0%: −$1,128
• After-tax cash flow: $3,612/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

The home requires moderate renovations to improve its condition and value. Key areas for improvement include the kitchen and bathroom, as well as exterior repairs. Painting and landscaping can also enhance curb appeal.

Repairs flagged

• Major Kitchen appliances — Old and worn, likely not functioning properly
• Major Bathroom sink and counter — Worn and in need of replacement
• Moderate Exterior siding — Weathered and peeling

Value-add opportunities

• Both Paint interior walls — Fresh paint can improve the home's appearance and value
• Both Replace kitchen appliances — Modern appliances can attract more buyers and renters
• Both Replace bathroom sink and counter — A new sink and counter can significantly improve the bathroom's functionality and appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen appliances · Old and worn, likely not functioning properly	Major	$15,000–50,000
Bathroom sink and counter · Worn and in need of replacement	Major	$15,000–50,000
Exterior siding · Weathered and peeling	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$33,000–115,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint can improve the home's appearance and value ↑
• Both Replace kitchen appliances — Modern appliances can attract more buyers and renters ↑
• Both Replace bathroom sink and counter — A new sink and counter can significantly improve the bathroom's functionality and appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: New Philadelphia City
• NCES district ID: 3904448
• Math proficiency: 61% ▼ -5.00%
• Reading proficiency: 66% ▼ -3.00%
• Median HH income: $42,895
• Composite: 53.28/100
• National rank: #1490
• State rank: #248 of 656 in OH

Livability — New Philadelphia

• Score: 75/100
• State rank: #265
• US rank: #4229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Philadelphia, OH
• County: Tuscarawas · 99,287 people
• City population: 24,732
• Population (ZIP): 24,732
• Household income: $62,383
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 20.1

Population outlook (Tuscarawas County) Hauer SSP2

• Today (2025): 92,253 people
• By 2030: 91,060 · -1.3%
• By 2040: 87,479 · -5.2%
• By 2050: 83,174 · -9.8%
• By 2075: 72,000 · -22.0%
• By 2100: 58,574 · -36.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 8% Two or more races 3% Asian 1%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Slovak 3% Serbian 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 6% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Tuscarawas

• 2024 margin: Solid R (+43.3) · D 28.0% · R 71.2%
• 2008→2024 swing: -45.7pp toward R · 2008: 2.4pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+39.9 2016: R+35.5 2012: R+9.8 2008: D+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -201.12%
• Current HPI: 180.4068
• 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

+0.0% since first listed

4 events — show timeline

• 2026-05-22 Listed $20,000 MLSNOW
• 2023-12-06 Sold (MLS) $20,000 MLSNOW
• 2023-12-05 Pending — MLSNOW
• 2023-12-04 Listed $20,000 MLSNOW