1309 S Maine Ave · Wellston, OH 45692

$69,900

1 bd · 1.0 ba · 784 sqft · SingleFamily public records · 181 Days on market

Built 1900 7,200 sqft lot $89/sqft · 36% below area Est $109k · 36% 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 +27.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +6.7/10.0
• Appreciation +3.5/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

Key facts

• 7,200 sq ft lot
• Listed 181 days

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $212 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($815 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 3.2% in Wellston — 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 67/100 on livability (#606 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, employment D, amenities F.
• Wellston City (rural): math 38% / reading 47% proficiency, ranked #532 of 656 in OH (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bundy Elementary School (297 students, 0% FRL); Wellston Middle School (math 42% / reading 47%, grade D, #477 of 654 statewide, top 74%, 301 students, 0% FRL); Wellston High School (math 22% / reading 52%, grade F, #564 of 781 statewide, top 74%, 377 students, 0% FRL) — zoned schools average 0% FRL vs 59% district-wide (59 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 50 active listings in the ZIP; 32 units permitted in Jackson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Jackson 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 $20k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $29k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $70k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 1.17% ✓
• Cap rate: 9.93%
• Cash-on-cash: 12.99%
• DSCR: 1.58
• GRM: 7.1

CMA / ARV

• ARV (median comp): $109,461
• List price: $69,900
• Delta: -36.14%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1406 S Connecticut Ave	0.23mi	2/1.0 (+1)	872 (+11%)	6mo	$107,000	$123	61
115 E 14th St	0.58mi	2/1.0 (+1)	774 (-1%)	20mo	$105,000	$136	49
25 E 10th St	0.65mi	2/1.0 (+1)	812 (+4%)	16mo	$50,700	$62	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: 2.9%
• Equity multiple: 1.11×
• Total profit: $2,148
• Equity at exit: $10,422

10-year hold

• IRR: 12.4%
• Equity multiple: 1.98×
• Total profit: $19,169
• Equity at exit: $6,044

Cash invested: $19,572 (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 45692

• Home prices YoY: -1.4%
• Active inventory: 50
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $815 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$37 /mo · $438/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$171
• Net cashflow: $212

Break-even live

Break-even rent $547

Max offer price $69,900

Occupancy floor 69%

Sensitivity live

Price	-10% $251	-5% $232	+0% $212	+5% $192	+10% $172
Rent	-10% $147	-5% $180	+0% $212	+5% $244	+10% $276
Rate	-1.0pp $247	-0.5pp $230	base $212	+0.5pp $194	+1.0pp $175

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-04
   days on market $69,900 Active 181 DOM
2. 2026-06-02
   days on market $69,900 Active 180 DOM
3. 2026-06-01
   days on market $69,900 Active 179 DOM
4. 2026-05-31
   days on market $69,900 Active 178 DOM
5. 2026-04-06
   price $69,900 938-char remark

   Show marketing remark (938 chars)

   Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

6. 2026-03-24
   price $74,900 938-char remark

   Show marketing remark (938 chars)

   Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

7. 2026-03-11
   price $79,000 938-char remark

   Show marketing remark (938 chars)

   Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

8. 2026-02-25
   price $84,900 938-char remark

   Show marketing remark (938 chars)

   Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

9. 2026-01-08
   price $89,000 938-char remark

   Show marketing remark (938 chars)

   Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

10. 2025-12-17
    price $94,000 938-char remark

    Show marketing remark (938 chars)

    Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

11. 2025-12-04
    listed $99,000 Active 938-char remark

    Show marketing remark (938 chars)

    Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

12. 2025-12-04
    historical $99,000 938-char remark

    Show marketing remark (938 chars)

    Discover this affordable 1-story home in Wellston, OH, offering a great opportunity for investors or first-time home buyers. The property features 2 bedrooms and 1 bathroom and sits on its own parcel PLUS 2 additional lots, giving you extra space for expansion, a large yard, or future development. The home includes a durable metal roof, and with immediate possession, you can move right in and start putting your touch on it. Whether you're looking to add to your rental portfolio, flip a property, or purchase your first home, this property delivers excellent potential at an affordable price. In addition to a traditional sale, Seller may consider a 1–2 year Lease with Option to Purchase Agreement for qualified buyers. Terms include a 10% option fee (non-refundable, applied toward purchase at closing). This can be a great opportunity for buyers who want to lock in a purchase price while preparing for traditional financing.

13. 2025-04-16
    soldstatus $45,000
14. 2025-04-15
    soldstatus $45,000 Closed
15. 2025-03-29
    status Pending
16. 2025-03-28
    listed $45,000 Active

ⓘ 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: $438 · $37/mo
• Projected year-2 tax: $764 · $64/mo
• Expected delta: +$326/yr (+$27/mo · 74.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 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: $9,783
• − Mortgage interest: −$3,915
• − Property taxes: −$438
• − Insurance: −$350
• − Repairs & maintenance: −$783
• − Management: −$783
• − Depreciation: −$2,033
• Taxable income: $1,481
• Est. tax owed @ 24.0%: −$356
• After-tax cash flow: $2,187/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: Wellston City
• NCES district ID: 3904502
• Math proficiency: 38% ▼ -18.00%
• Reading proficiency: 47% ▼ -10.00%
• Median HH income: $35,982
• Composite: 35.2/100
• National rank: #4991
• State rank: #532 of 656 in OH

Livability — Wellston

• Score: 67/100
• State rank: #606
• US rank: #10407

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wellston, OH
• County: Jackson · 32,540 people
• City population: 7,699
• Population (ZIP): 7,699
• Household income: $52,449
• Rent vs Own: 30.4% rent · 69.6% own

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 30,794 people
• By 2030: 29,535 · -4.1%
• By 2040: 26,757 · -13.1%
• By 2050: 23,897 · -22.4%
• By 2075: 17,115 · -44.4%
• By 2100: 10,908 · -64.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 1%
• Common ancestry: Italian 2% Lithuanian 1% Serbian 1%
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+58.1) · D 20.7% · R 78.8%
• 2008→2024 swing: -37.9pp toward R · 2008: -20.2pp · 2024: -58.1pp
• All cycles: 2024: R+58.1 2020: R+54.1 2016: R+48.9 2012: R+20.8 2008: R+20.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.09%
• Current HPI: 219.2619
• 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

+55.3% since first listed

12 events — show timeline

• 2026-04-06 Price Changed $69,900 SVAR
• 2026-03-24 Price Changed $74,900 SVAR
• 2026-03-11 Price Changed $79,000 SVAR
• 2026-02-25 Price Changed $84,900 SVAR
• 2026-01-08 Price Changed $89,000 SVAR
• 2025-12-17 Price Changed $94,000 SVAR
• 2025-12-04 Listed $99,000 SVAR
• 2025-12-04 Coming Soon $99,000 SVAR
• 2025-04-16 Sold (Public Records) $45,000 Public Records
• 2025-04-15 Sold (MLS) $45,000 SVAR
• 2025-03-29 Pending — SVAR
• 2025-03-28 Listed $45,000 SVAR

Property tax history

+2.8%/yr

Latest (2025): $438 · +4.1% YoY. Source: county tax records.