1253 Grenada Dr · Marion, OH 43302

$154,900

3 bd · 1.0 ba · 1,136 sqft · SingleFamily public records · 2 Days on market

Built 1999 6,969 sqft lot Est $165k · 6% 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 +19.7/30.0
• ARV discount +10.2/15.0
• DSCR +6.2/10.0
• 1% rule +4.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wow! Under 150,000 in the New area of Fairpark!!! Check out this adorable, move-in ready ranch home that has 3 nice size bedrooms & a full bath. You will love the Large kitchen with a Island and stainless steel appliances that is open to a eat-in dining space. Easy access to the back yard for summer cookout outs on the paver patio. Large fenced in backyard with storage shed and beautiful river rock landscaping around the home. Concrete driveway and 1 car garage.

Key facts

• New gutters
• Large kitchen
• New roof

Tags

• LARGE KITCHEN
• NEW ROOF
• NEW GUTTERS

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Security: Security system
• Utilities: Public water; Public sewer
• Home design: Single-family home; One-story; Built in 1999; No shared/common walls
• Construction: Slab foundation
• Exterior features: Fenced yard; Yard shed(s)

Interior

• Bedrooms: Three main-level bedrooms
• Flooring: Laminate flooring; Carpet; Ceramic/porcelain tile
• Bathrooms: One full bathroom
• Heating & cooling: Central air conditioning; Forced-air heating
• Interior features: Insulated windows throughout

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $148k (4.2% below list).
• Recommended offer: $148k (4.2% below list) — sets the bar for 1% rule.

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: schools D+, crime D+, amenities F.
• Marion City (town): math 22% / reading 31% proficiency, ranked #600 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 210 active listings in the ZIP; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($55k/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 $1k of loan paydown is wiped out by about $5k 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.
• 2 sale attempts since 4y 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 $148,431 (4.2% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.96% ✗
• Cap rate: 7.70%
• Cash-on-cash: 5.02%
• DSCR: 1.22
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $164,720
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1253 Grenada Dr	0.00mi	3/1.0	1,136 (0%)	1mo	$174,900	$154	99
1249 Montego Dr	0.06mi	3/2.0	1,218 (+7%)	4mo	$165,000	$135	78
1150 Bermuda Dr	0.17mi	3/1.0	1,070 (-6%)	11mo	$144,900	$135	73
1115 Barbados Ave	0.30mi	3/1.0	1,070 (-6%)	6mo	$173,000	$162	71
1060 Capri Dr	0.33mi	4/1.0 (+1)	1,050 (-8%)	1mo	$101,000	$96	66
1103 Fairwood Ave	0.54mi	3/1.5	1,164 (+2%)	9mo	$190,000	$163	61
1125 Martinique Dr	0.48mi	3/1.0	1,044 (-8%)	4mo	$189,000	$181	61
1007 Fairwood Ave	0.61mi	3/1.0	1,036 (-9%)	0mo	$149,900	$145	56
996 Fairwood Ave	0.60mi	3/1.0	1,194 (+5%)	9mo	$152,000	$127	56
1150 Bahama Dr	0.35mi	3/1.5	1,284 (+13%)	11mo	$190,000	$148	51
929 Fairwood Ave	0.69mi	3/1.0	1,065 (-6%)	11mo	$130,000	$122	48
978 Fairwood Ave	0.62mi	3/1.0	1,305 (+15%)	9mo	$180,000	$138	39

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: -8.5%
• Equity multiple: 0.69×
• Total profit: $-13,582
• Equity at exit: $23,096

10-year hold

• IRR: 1.0%
• Equity multiple: 1.07×
• Total profit: $2,932
• Equity at exit: $13,393

Cash invested: $43,372 (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: 210
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,484 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$114 /mo · $1,374/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $181

Break-even live

Break-even rent $1,255

Max offer price $154,900

Occupancy floor 83%

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-10
   status Pending
2. 2026-05-08
   listed $154,900 Active
3. 2022-05-13
   soldstatus $155,000
4. 2022-05-11
   soldstatus $155,000 Closed 472-char remark

   Show marketing remark (472 chars)

   Wow! Under 150,000 in the New area of Fairpark!!! Check out this adorable, move-in ready ranch home that has 3 nice size bedrooms & a full bath. You will love the Large kitchen with a Island and stainless steel appliances that is open to a eat-in dining space. Easy access to the back yard for summer cookout outs on the paver patio. Large fenced in backyard with storage shed and beautiful river rock landscaping around the home. Concrete driveway and 1 car garage.

5. 2022-04-04
   historical Contingent Finance and Inspection 472-char remark

   Show marketing remark (472 chars)

   Wow! Under 150,000 in the New area of Fairpark!!! Check out this adorable, move-in ready ranch home that has 3 nice size bedrooms & a full bath. You will love the Large kitchen with a Island and stainless steel appliances that is open to a eat-in dining space. Easy access to the back yard for summer cookout outs on the paver patio. Large fenced in backyard with storage shed and beautiful river rock landscaping around the home. Concrete driveway and 1 car garage.

6. 2022-04-02
   listed $139,900 Active 472-char remark

   Show marketing remark (472 chars)

   Wow! Under 150,000 in the New area of Fairpark!!! Check out this adorable, move-in ready ranch home that has 3 nice size bedrooms & a full bath. You will love the Large kitchen with a Island and stainless steel appliances that is open to a eat-in dining space. Easy access to the back yard for summer cookout outs on the paver patio. Large fenced in backyard with storage shed and beautiful river rock landscaping around the home. Concrete driveway and 1 car garage.

7. 2022-03-30
   historical $139,900 472-char remark

   Show marketing remark (472 chars)

   Wow! Under 150,000 in the New area of Fairpark!!! Check out this adorable, move-in ready ranch home that has 3 nice size bedrooms & a full bath. You will love the Large kitchen with a Island and stainless steel appliances that is open to a eat-in dining space. Easy access to the back yard for summer cookout outs on the paver patio. Large fenced in backyard with storage shed and beautiful river rock landscaping around the home. Concrete driveway and 1 car garage.

8. 2014-06-17
   soldstatus $75,100

ⓘ 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: $1,374 · $114/mo
• Projected year-2 tax: $1,895 · $158/mo
• Expected delta: +$521/yr (+$43/mo · 37.9%)

ⓘ 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 ≥98°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: $17,812
• − Mortgage interest: −$8,677
• − Property taxes: −$1,374
• − Insurance: −$774
• − Repairs & maintenance: −$1,425
• − Management: −$1,425
• − Depreciation: −$4,506
• Taxable loss: −$370
• Est. tax savings @ 24.0%: +$89
• After-tax cash flow: $2,264/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: Marion City
• NCES district ID: 3904433
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $32,327
• Composite: 21.58/100
• National rank: #8306
• State rank: #600 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

• Census place: Marion, OH
• 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

+106.3% since first listed

8 events — show timeline

• 2026-05-10 Pending — CBRMLS
• 2026-05-08 Listed $154,900 CBRMLS
• 2022-05-13 Sold (Public Records) $155,000 Public Records
• 2022-05-11 Sold (MLS) $155,000 CBRMLS
• 2022-04-04 Contingent — CBRMLS
• 2022-04-02 Listed $139,900 CBRMLS
• 2022-03-30 Coming Soon $139,900 CBRMLS
• 2014-06-17 Sold (Public Records) $75,100 Public Records

Property tax history

+3.6%/yr

Latest (2025): $1,374 · +0.0% YoY. Source: county tax records.