290 W Hunter St · Logan, OH 43138

$135,000

3 bd · 1.0 ba · 1,456 sqft · SingleFamily public records · 27 Days on market

Built 1900 3,049 sqft lot Est $205k · 34% 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 +28.6/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.1/10.0
• Schools +4.7/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Attention Home Renovators! This 2- story, 3-BR, 1 bath home may be the one you are looking for. Being sold in 'as is' condition, this will make a great family home or rental. Property was previously used as rental.

Key facts

• 3,049 sq ft lot
• Built 1900
• Listed 27 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 1900; No common walls
• Construction: Block foundation
• Exterior features: Outbuilding on the property

Interior

• Bedrooms: One main-level bedroom
• Flooring: Other flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Hot water heating
• Interior features: Basement present; Living area approximately 1,456

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $133k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 2.4% in Logan — 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 78/100 on livability (#162 in OH, #2,412 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F, employment F.
• Logan-Hocking Local (rural): math 55% / reading 58% proficiency, ranked #354 of 656 in OH (top 54%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 163 active listings in the ZIP; 11 units permitted in Hocking County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Hocking County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $10k; list at $135k implies a 1250% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,975 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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 A-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?
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: 1.21% ✓
• Cap rate: 10.26%
• Cash-on-cash: 14.18%
• DSCR: 1.63
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $205,296
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
235 W Main St	0.10mi	3/1.5	1,496 (+3%)	2mo	$89,000	$59	87
460 W 2nd St	0.15mi	3/1.0	1,392 (-4%)	1mo	$227,800	$164	85
394 Church St	0.09mi	3/2.0	1,558 (+7%)	3mo	$220,000	$141	78
578 N Market St	0.36mi	3/1.0	1,456 (0%)	7mo	$240,000	$165	77
447 Church St	0.12mi	3/1.5	1,560 (+7%)	12mo	$170,000	$109	70
582 N Walnut St	0.50mi	3/1.0	1,424 (-2%)	6mo	$190,000	$133	68
461 W 2nd St	0.17mi	3/1.0	1,279 (-12%)	12mo	$80,000	$63	62
507 W 2nd St	0.17mi	2/2.0 (-1)	1,668 (+15%)	0mo	$189,000	$113	58
1240 Church St	0.70mi	3/1.5	1,404 (-4%)	1mo	$240,000	$171	58
111 Falls St	0.62mi	3/1.5	1,568 (+8%)	6mo	$175,000	$112	51
347 Belva Ct	0.75mi	3/1.0	1,273 (-13%)	6mo	$206,999	$163	39
707 Edgehill Dr	0.71mi	3/1.5	1,241 (-15%)	5mo	$225,900	$182	36

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: 4.5%
• Equity multiple: 1.17×
• Total profit: $6,538
• Equity at exit: $20,129

10-year hold

• IRR: 13.9%
• Equity multiple: 2.12×
• Total profit: $42,195
• Equity at exit: $11,672

Cash invested: $37,800 (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 43138

• Home prices YoY: -29.9%
• Active inventory: 163
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,633 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$79 /mo · $949/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $447

Break-even live

Break-even rent $1,067

Max offer price $135,000

Occupancy floor 68%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $135,000 Active 27 DOM
2. 2026-06-17
   days on market $135,000 Active 26 DOM
3. 2026-06-16
   days on market $135,000 Active 25 DOM
4. 2026-06-15
   days on market $135,000 Active 24 DOM
5. 2026-06-13
   days on market $135,000 Active 22 DOM
6. 2026-06-13
   days on market $135,000 Active 21 DOM
7. 2026-06-09
   days on market $135,000 Active 18 DOM
8. 2026-06-08
   days on market $135,000 Active 17 DOM
9. 2026-06-07
   days on market $135,000 Active 16 DOM
10. 2026-06-05
    days on market $135,000 Active 13 DOM
11. 2026-06-03
    days on market $135,000 Active 12 DOM
12. 2026-06-02
    days on market $135,000 Active 11 DOM
13. 2026-06-01
    days on market $135,000 Active 10 DOM
14. 2026-05-31
    days on market $135,000 Active 9 DOM
15. 2026-05-02
    listed $135,000 Active
16. 1984-01-03
    soldstatus $10,000

ⓘ 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: $949 · $79/mo
• Projected year-2 tax: $1,527 · $127/mo
• Expected delta: +$579/yr (+$48/mo · 61.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $19,593
• − Mortgage interest: −$7,562
• − Property taxes: −$949
• − Insurance: −$675
• − Repairs & maintenance: −$1,567
• − Management: −$1,567
• − Depreciation: −$3,927
• Taxable income: $3,345
• Est. tax owed @ 24.0%: −$803
• After-tax cash flow: $4,556/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: Logan-Hocking Local
• NCES district ID: 3904424
• Math proficiency: 55% ▼ -16.00%
• Reading proficiency: 58% ▼ -11.00%
• Median HH income: $42,737
• Composite: 47.48/100
• National rank: #2276
• State rank: #354 of 656 in OH

Livability — Logan

• Score: 78/100
• State rank: #162
• US rank: #2412

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Logan, OH
• County: Hocking · 26,658 people
• Metro: Columbus, OH
• Population (ZIP): 19,147
• Household income: $65,028
• Rent vs Own: 24.5% rent · 75.5% own
• Severe rent burden: 13.8

Population outlook (Hocking County) Hauer SSP2

• Today (2025): 26,807 people
• By 2030: 25,723 · -4.0%
• By 2040: 23,370 · -12.8%
• By 2050: 20,947 · -21.9%
• By 2075: 15,624 · -41.7%
• By 2100: 11,134 · -58.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Slovak 2% Iranian 2% Italian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Hocking

• 2024 margin: Solid R (+44.3) · D 27.5% · R 71.8%
• 2008→2024 swing: -43.5pp toward R · 2008: -0.8pp · 2024: -44.3pp
• All cycles: 2024: R+44.3 2020: R+42.4 2016: R+36.5 2012: R+1.1 2008: R+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.44%
• Current HPI: 253.6737
• 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

+1250.0% since first listed

2 events — show timeline

• 2026-05-02 Listed $135,000 CBRMLS
• 1984-01-03 Sold (Public Records) $10,000 Public Records

Property tax history

+4.6%/yr

Latest (2025): $949 · +30.9% YoY. Source: county tax records.