1436 S New York Ave · Wellston, OH 45692

$45,000

2 bd · 1.0 ba · 920 sqft · SingleFamily public records · 192 Days on market

Built 1925 Fair condition 5,118 sqft lot $49/sqft · 65% below area

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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 +4.1/10.0
• Appreciation +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

All offers must be submitted by the buyer's agent via the RES. NET agent portal. If your offer is accepted, you agree to be responsible for an offer submission technology fee of $225.00. The fee will be collected and disbursed by the settlement agent and disbursed at the closing and settlement of the transaction. To submit your buyer's offer simply click the below. If you already have a RES. NET agent account you will be prompted to log in. If not you will be prompted to create an account. To begin, click or paste this link into your web browser: https://agent. res.net/offers. aspx?-1807574. Two bedroom 1 bathroom home first floor utility room fenced in backyard-covered front porch. Property being sold as is.

Key facts

• Covered front porch
• Utility room
• Fenced in backyard

Tags

• UTILITY ROOM
• FENCED IN BACKYARD
• COVERED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $300 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($812 rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.3% vs local median 3.1% 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: 62 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 $311 of loan paydown is wiped out by about $1k 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 $13k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago; this cycle's ask has dropped $54k (55%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 192 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.80% ✓
• Cap rate: 14.30%
• Cash-on-cash: 28.60%
• DSCR: 2.27
• GRM: 4.6

CMA / ARV

• ARV (median comp): $127,536
• List price: $45,000
• Delta: -60.87%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1304 S New Jersey Ave	0.16mi	2/1.0	1,000 (+9%)	2mo	$65,000	$65	76
1406 S Connecticut Ave	0.25mi	2/1.0	872 (-5%)	8mo	$107,000	$123	73
203 W 13th St	0.52mi	3/1.5 (+1)	936 (+2%)	4mo	$179,900	$192	63
503 E 7th St	0.64mi	2/1.0	960 (+4%)	0mo	$155,000	$161	62
941 S Maine Ave	0.65mi	2/2.0	960 (+4%)	3mo	$153,000	$159	56
25 E 10th St	0.46mi	2/1.0	812 (-12%)	17mo	$50,700	$62	45
1309 S Maine Ave	0.47mi	1/1.0 (-1)	784 (-15%)	16mo	$45,000	$57	35

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: 22.9%
• Equity multiple: 1.94×
• Total profit: $11,862
• Equity at exit: $6,710

10-year hold

• IRR: 30.9%
• Equity multiple: 3.78×
• Total profit: $35,078
• Equity at exit: $3,891

Cash invested: $12,600 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 1 active · 5 under contract
• Months of supply: 1.0 mo (100%/mo absorbed)
• Median asking: $69,900 ($89/sqft)
• Median days on market: 181 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +55.5% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 45692

• Home prices YoY: -1.4%
• Active inventory: 62
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $812 medium
• Mortgage (P&I): −$236
• Tax from tax record: −$86 /mo · $1,034/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$170
• Net cashflow: $300

Break-even live

Break-even rent $432

Max offer price $45,000

Occupancy floor 58%

Sensitivity live

Price	-10% $326	-5% $313	+0% $300	+5% $288	+10% $275
Rent	-10% $236	-5% $268	+0% $300	+5% $332	+10% $364
Rate	-1.0pp $323	-0.5pp $312	base $300	+0.5pp $289	+1.0pp $277

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: $11,250
• Closing costs: $1,350
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-08-08
   days on market $45,000 Active 192 DOM
2. 2026-08-07
   pricedays on market $45,000 Active 191 DOM
3. 2026-08-06
   days on market $49,900 Active 190 DOM
4. 2026-08-05
   days on market $49,900 Active 189 DOM
5. 2026-08-04
   days on market $49,900 Active 188 DOM
6. 2026-08-03
   days on market $49,900 Active 187 DOM
7. 2026-07-31
   days on market $49,900 Active 184 DOM
8. 2026-07-30
   days on market $49,900 Active 183 DOM
9. 2026-07-29
   days on market $49,900 Active 182 DOM
10. 2026-07-27
    days on market $49,900 Active 180 DOM
11. 2026-07-25
    days on market $49,900 Active 178 DOM
12. 2026-07-24
    days on market $49,900 Active 177 DOM
13. 2026-07-23
    status $49,900 Active 176 DOM
14. 2026-07-22
    status $49,900 Pending 176 DOM
15. 2026-07-22
    days on market $49,900 Active 176 DOM
16. 2026-07-21
    days on market $49,900 Active 175 DOM
17. 2026-07-20
    days on market $49,900 Active 174 DOM
18. 2026-07-18
    days on market $49,900 Active 172 DOM
19. 2026-07-17
    days on market $49,900 Active 170 DOM
20. 2026-07-15
    days on market $49,900 Active 169 DOM
21. 2026-07-14
    days on market $49,900 Active 168 DOM
22. 2026-07-13
    days on market $49,900 Active 167 DOM
23. 2026-07-12
    days on market $49,900 Active 166 DOM
24. 2026-07-12
    days on market $49,900 Active 165 DOM
25. 2026-07-10
    days on market $49,900 Active 164 DOM
26. 2026-07-09
    days on market $49,900 Active 163 DOM
27. 2026-07-07
    pricedays on market $49,900 Active 161 DOM
28. 2026-07-06
    days on market $55,000 Active 160 DOM
29. 2026-07-05
    days on market $55,000 Active 159 DOM
30. 2026-07-05
    days on market $55,000 Active 158 DOM
31. 2026-07-03
    days on market $55,000 Active 157 DOM
32. 2026-07-03
    pricedays on market $55,000 Active 156 DOM
33. 2026-07-01
    days on market $58,500 Active 155 DOM
34. 2026-07-01
    status $58,500 Active 154 DOM
35. 2026-06-30
    days on market $58,500 Active Under Contract 154 DOM
36. 2026-06-29
    days on market $58,500 Active Under Contract 153 DOM
37. 2026-06-28
    days on market $58,500 Active Under Contract 152 DOM
38. 2026-06-27
    days on market $58,500 Active Under Contract 151 DOM
39. 2026-06-26
    days on market $58,500 Active Under Contract 150 DOM
40. 2026-06-22
    days on market $58,500 Active Under Contract 146 DOM
41. 2026-06-21
    days on market $58,500 Active Under Contract 145 DOM
42. 2026-06-21
    days on market $58,500 Active Under Contract 144 DOM
43. 2026-06-18
    days on market $58,500 Active Under Contract 142 DOM
44. 2026-06-17
    days on market $58,500 Active Under Contract 141 DOM
45. 2026-06-16
    days on market $58,500 Active Under Contract 140 DOM
46. 2026-06-15
    days on market $58,500 Active Under Contract 139 DOM
47. 2026-06-13
    days on market $58,500 Active Under Contract 137 DOM
48. 2026-06-12
    days on market $58,500 Active Under Contract 136 DOM
49. 2026-06-09
    days on market $58,500 Active Under Contract 133 DOM
50. 2026-06-08
    days on market $58,500 Active Under Contract 132 DOM

ⓘ 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: $1,034 · $86/mo
• Projected year-2 tax: $1,034 · $86/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low
• 🌡 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: $9,739
• − Mortgage interest: −$2,521
• − Property taxes: −$1,034
• − Insurance: −$225
• − Repairs & maintenance: −$779
• − Management: −$779
• − Depreciation: −$1,309
• Taxable income: $3,092
• Est. tax owed @ 24.0%: −$742
• After-tax cash flow: $2,861/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 · 9 photos

Fair 45/100 Moderate rehab Est. rehab $23,000–$41,400 screening

The home requires significant repairs, particularly to the roof and exterior, but has potential for substantial value increase with updates.

Deferred maintenance Est. $20,000–$60,000 screening

• Major Roof (roof) — visible moss and algae growth
• Major Windows (windows) — visible damage and discoloration

Repairs flagged

• Major roof — Signs of significant wear and tear.
• Major exterior siding — Weathered and chipping paint.
• Major exterior paint — Chipping and peeling paint.
• Minor flooring — Carpeted floors need cleaning.
• Minor interior paint — Some chipping and peeling in paint.

Value-add opportunities

• Resale New roof — A new roof would significantly increase the home's value and appeal. ↑
• Resale Exterior painting — Fresh paint would improve curb appeal and home value. ↑
• Both Landscaping — A well-maintained yard would enhance both resale and rental value. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 41/100

Zoned Schools

Elementary Bundy Elementary School Middle Wellston Middle School D OH #477/654 Nat'l #4,747/14,009 High Wellston High School F OH #564/781 Nat'l #9,001/17,239

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

C Composite livability gradescore 67/100

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 · 30,794 people
• City population: 7,699
• Population (ZIP): 7,699
• Household income: $52,449
• Rent vs Own: 30.4% rent · 69.6% own

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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%

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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%

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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

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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

+118.3% since first listed

15 events — show timeline

• 2026-05-05 Contingent — SVAR
• 2026-05-03 Price Changed $58,500 SVAR
• 2026-04-13 Price Changed $68,900 SVAR
• 2026-03-13 Price Changed $74,900 SVAR
• 2026-02-26 Price Changed $89,900 SVAR
• 2026-01-27 Listed $99,000 SVAR
• 2022-07-06 Sold (Public Records) $113,000 Public Records
• 2022-06-28 Sold (MLS) $113,000 SVAR
• 2022-04-04 Listed $109,900 SVAR
• 2011-07-18 Sold (Public Records) $10,188 Public Records
• 2011-01-18 Sold (Public Records) $36,667 Public Records
• 2006-04-11 Sold (MLS) $14,100 CBRMLS
• 2006-02-09 Listing Removed — CBRMLS
• 2005-08-11 Listed $14,100 CBRMLS
• 1995-10-23 Sold (Public Records) $26,800 Public Records

Property tax history

-4.0%/yr

Latest (2025): $1,034 · +20.2% YoY. Source: county tax records.