219 Coshocton Ave · Mount Vernon, OH 43050

$200,000

3 bd · 2.0 ba · 2,050 sqft · SingleFamily public records · 70 Days on market

Built 1920 6,969 sqft lot $98/sqft · 19% below area Est $247k · 19% 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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• Schools +4.9/10.0
• 1% rule +4.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fall in love with the woodwork! A large covered front porch welcomes you into this diamond in the rough waiting for some renovation TLC! All-brick home in the heart of Mount Vernon with amazing custom woodwork in entry. Built-in bench, huge pocket doors divide two spacious living areas. Custom bay windows on both the 1st and 2nd floors. Sun porch/mudroom off kitchen. Stairs to 3rd floor unfinished storage space that could be finished for added square footage in an already 2000+ home. Privacy fence surrounds back yard. Detached garage allows for plenty of storage, as do several basement spaces.

Key facts

• Covered front porch
• Custom bay windows
• Sun porch

Tags

• COVERED FRONT PORCH
• CUSTOM WOODWORK
• BUILT-IN BENCH
• HUGE POCKET DOORS
• CUSTOM BAY WINDOWS
• SUN PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $221 ($3k/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 $195k (2.5% below list).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.0% in Mount Vernon — 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 76/100 on livability (#227 in OH, #3,542 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Mount Vernon City (town): math 55% / reading 62% proficiency, ranked #321 of 656 in OH (top 49%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 161 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 195 units permitted in Knox County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% 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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Knox County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $18k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $153k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $188,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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. 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?
6. 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.
7. 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.
8. 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: 0.97% ✗
• Cap rate: 7.62%
• Cash-on-cash: 4.73%
• DSCR: 1.21
• GRM: 8.5

CMA / ARV

• ARV (median comp): $247,426
• List price: $200,000
• Delta: -19.17%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
213 Coshocton Ave	0.05mi	4/2.0 (+1)	1,906 (-7%)	1mo	$178,000	$93	80
504 E Chestnut St	0.15mi	4/2.0 (+1)	2,124 (+4%)	5mo	$265,000	$125	78
1105 E Chestnut St	0.61mi	3/1.5	2,067 (+1%)	0mo	$355,000	$172	68
306 E Burgess St	0.22mi	3/2.5	1,843 (-10%)	6mo	$281,900	$153	66
14 Hilltop Dr	0.54mi	3/1.0	1,922 (-6%)	3mo	$250,000	$130	58
104 N Park St	0.25mi	4/1.5 (+1)	1,763 (-14%)	2mo	$325,000	$184	57
204 Harnwell St	0.41mi	3/1.5	1,800 (-12%)	5mo	$176,000	$98	54
11 Highland Dr	0.43mi	3/3.0	1,764 (-14%)	4mo	$265,000	$150	49
13 Eastgate Dr	0.56mi	3/2.0	1,756 (-14%)	1mo	$256,000	$146	49
304 N Gay St	0.51mi	3/3.0	2,339 (+14%)	2mo	$310,000	$133	48
6 Edgewood Blvd	0.60mi	4/2.0 (+1)	1,797 (-12%)	1mo	$315,000	$175	46
1107 Oak Street Ext	0.56mi	4/1.5 (+1)	1,788 (-13%)	4mo	$280,000	$157	42

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: -8.9%
• Equity multiple: 0.67×
• Total profit: $-18,367
• Equity at exit: $29,821

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $2,062
• Equity at exit: $17,292

Cash invested: $56,000 (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 43050

• Active inventory: 161
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,950 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$188 /mo · $2,253/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $221

Break-even live

Break-even rent $1,671

Max offer price $200,000

Occupancy floor 84%

Sensitivity live

Price	-10% $334	-5% $277	+0% $221	+5% $164	+10% $107
Rent	-10% $67	-5% $144	+0% $221	+5% $298	+10% $375
Rate	-1.0pp $321	-0.5pp $271	base $221	+0.5pp $169	+1.0pp $116

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
407 E Burgess St Mount Vernon, OH	4.0	2.0	1668	$1,950	$1.17	2d	1	0.16mi
14 Taylor Rd Mount Vernon, OH	4.0	1.5	2180	$1,950	$0.89	44d	1	0.80mi

Listing history 23 events

1. 2026-06-18
   days on market $200,000 Active 70 DOM
2. 2026-06-17
   days on market $200,000 Active 69 DOM
3. 2026-06-16
   days on market $200,000 Active 68 DOM
4. 2026-06-15
   days on market $200,000 Active 67 DOM
5. 2026-06-13
   days on market $200,000 Active 65 DOM
6. 2026-06-12
   days on market $200,000 Active 64 DOM
7. 2026-06-09
   days on market $200,000 Active 61 DOM
8. 2026-06-08
   days on market $200,000 Active 60 DOM
9. 2026-06-08
   days on market $200,000 Active 59 DOM
10. 2026-06-07
    days on market $200,000 Active 58 DOM
11. 2026-06-04
    days on market $200,000 Active 55 DOM
12. 2026-06-02
    days on market $200,000 Active 54 DOM
13. 2026-06-01
    days on market $200,000 Active 53 DOM
14. 2026-05-31
    days on market $200,000 Active 52 DOM
15. 2026-05-04
    price $210,000 600-char remark

    Show marketing remark (600 chars)

    Fall in love with the woodwork! A large covered front porch welcomes you into this diamond in the rough waiting for some renovation TLC! All-brick home in the heart of Mount Vernon with amazing custom woodwork in entry. Built-in bench, huge pocket doors divide two spacious living areas. Custom bay windows on both the 1st and 2nd floors. Sun porch/mudroom off kitchen. Stairs to 3rd floor unfinished storage space that could be finished for added square footage in an already 2000+ home. Privacy fence surrounds back yard. Detached garage allows for plenty of storage, as do several basement spaces.

16. 2026-04-09
    listed $217,500 Active 600-char remark

    Show marketing remark (600 chars)

    Fall in love with the woodwork! A large covered front porch welcomes you into this diamond in the rough waiting for some renovation TLC! All-brick home in the heart of Mount Vernon with amazing custom woodwork in entry. Built-in bench, huge pocket doors divide two spacious living areas. Custom bay windows on both the 1st and 2nd floors. Sun porch/mudroom off kitchen. Stairs to 3rd floor unfinished storage space that could be finished for added square footage in an already 2000+ home. Privacy fence surrounds back yard. Detached garage allows for plenty of storage, as do several basement spaces.

17. 2024-05-23
    historical 647-char remark

    Show marketing remark (647 chars)

    WOW! Take a look at this 4 bedroom, 2 bath home brick beauty centrally located in the heart of Mount Vernon! This home has the most amazing custom stair case, trim woodwork and doors thru out. You will LOVE the two spacious living areas, custom bay windows on both the 1st and 2nd floors, a welcoming sun porch that leads you into a fenced in private back yard. There is a detached garage allowing for plenty of storage to add to this very spacious spacious home. There is also a 3rd floor of unfinished storage space that could be finished to make an additional bedroom, playroom or office. This is truly a must see and priced to sell at 145,000!

18. 2021-05-07
    soldstatus $152,820
19. 2021-04-30
    soldstatus $152,800 Closed
20. 2021-04-15
    listed Contingent Finance and Inspection
21. 2021-03-22
    listed $145,000 647-char remark

    Show marketing remark (647 chars)

    WOW! Take a look at this 4 bedroom, 2 bath home brick beauty centrally located in the heart of Mount Vernon! This home has the most amazing custom stair case, trim woodwork and doors thru out. You will LOVE the two spacious living areas, custom bay windows on both the 1st and 2nd floors, a welcoming sun porch that leads you into a fenced in private back yard. There is a detached garage allowing for plenty of storage to add to this very spacious spacious home. There is also a 3rd floor of unfinished storage space that could be finished to make an additional bedroom, playroom or office. This is truly a must see and priced to sell at 145,000!

22. 2020-09-20
    listed $145,000
23. 2002-03-05
    soldstatus $89,900

ⓘ 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: $2,253 · $188/mo
• Projected year-2 tax: $2,686 · $224/mo
• Expected delta: +$434/yr (+$36/mo · 19.2%)

ⓘ 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 ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,400
• − Mortgage interest: −$11,203
• − Property taxes: −$2,253
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,872
• − Management: −$1,872
• − Depreciation: −$5,818
• Taxable loss: −$618
• Est. tax savings @ 24.0%: +$148
• After-tax cash flow: $2,796/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: Mount Vernon City
• NCES district ID: 3910012
• Math proficiency: 55% ▼ -15.00%
• Reading proficiency: 62% ▼ -6.00%
• Median HH income: $44,253
• Composite: 49.26/100
• National rank: #2029
• State rank: #321 of 656 in OH

Livability — Mount Vernon

• Score: 76/100
• State rank: #227
• US rank: #3542

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Vernon, OH
• County: Knox · 63,297 people
• City population: 30,360
• Population (ZIP): 30,360
• Household income: $65,044
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 12.7

Population outlook (Knox County) Hauer SSP2

• Today (2025): 60,036 people
• By 2030: 58,670 · -2.3%
• By 2040: 54,963 · -8.4%
• By 2050: 51,353 · -14.5%
• By 2075: 43,196 · -28.0%
• By 2100: 34,514 · -42.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 3% Black 1%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+44.9) · D 27.1% · R 72.0%
• 2008→2024 swing: -25.0pp toward R · 2008: -19.9pp · 2024: -44.9pp
• All cycles: 2024: R+44.9 2020: R+43.8 2016: R+38.2 2012: R+24.3 2008: R+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -260.50%
• Current HPI: 304.4254
• 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

+133.6% since first listed

9 events — show timeline

• 2026-05-04 Price Changed $210,000 CBRMLS
• 2026-04-09 Listed $217,500 CBRMLS
• 2024-05-23 Delisted — KCBOR
• 2021-05-07 Sold (Public Records) $152,820 Public Records
• 2021-04-30 Sold (MLS) $152,800 CBRMLS
• 2021-04-15 Listed — CBRMLS
• 2021-03-22 Listed $145,000 KCBOR
• 2020-09-20 Listed $145,000 CBRMLS
• 2002-03-05 Sold (Public Records) $89,900 Public Records

Property tax history

+3.0%/yr

Latest (2025): $2,253 · -2.2% YoY. Source: county tax records.