912 Welsh View Dr · Newark, OH 43055

$1

3 bd · 1.5 ba · 1,406 sqft · SingleFamily public records · 25 Days on market

Built 1961 0.39 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Cash flow +3.3/30.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

This Brick Ranch home features 3 Bedroom, 1 and half baths located in Newark and situated on large lot with mature trees. Home offers a 1 car attached garage for convenient parking. $1 is not the actual price. This home will go up for public auction onsite on May 02, 2026 at 2:00 pm.

Key facts

• 0.39 acre lot
• Garage
• Built 1961

Property features AI

Finance

• Other: Located in Jefferson Woods / Log Pond Acres subdivision; Auction and standard listing conditions

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Built in 1961; No common walls
• Construction: Block foundation
• Exterior features: Patio; Fenced yard; Wooded lot

Interior

• Bedrooms: Three main-level bedrooms
• Bathrooms: One full bathroom; One half bathroom (1.5 total)
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Fireplace (one); Crawl space basement

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $289,636 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $-903 ($-11k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).
• Cap rate 2.6% vs local median 3.2% in Newark — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 69/100 on livability (#493 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: employment D+, amenities F, commute F.
• Newark City (suburban): math 48% / reading 56% proficiency, ranked #431 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.6%/yr); 204 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 434454.0% of price.

Recommended offer $1

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.48% ✗
• Cap rate: 2.55%
• Cash-on-cash: -13.36%
• DSCR: 0.41
• GRM: 17.4

CMA / ARV

• ARV (on-the-fly): $289,636
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
912 Welsh View Dr	0.00mi	3/1.5	1,406 (0%)	1mo	$138,600	$99	100
508 Moull St	0.15mi	3/1.0	1,313 (-7%)	4mo	$206,000	$157	77
632 Moull St	0.30mi	3/2.0	1,348 (-4%)	2mo	$299,500	$222	75
946 Lateglow Ct	0.34mi	3/2.5	1,453 (+3%)	2mo	$314,000	$216	73
195 Jefferson Rd	0.58mi	3/1.0	1,400 (-0%)	0mo	$150,000	$107	70
227 Pierson Blvd	0.57mi	3/2.0	1,401 (-0%)	1mo	$185,500	$132	70
469 King Ct	0.23mi	3/2.0	1,260 (-10%)	2mo	$259,900	$206	68
240 Stare Rd	0.52mi	3/1.0	1,326 (-6%)	1mo	$167,500	$126	63
667 Euclid Ave	0.44mi	3/2.0	1,248 (-11%)	1mo	$270,000	$216	58
224 Rugg Ave	0.52mi	3/2.0	1,561 (+11%)	1mo	$262,000	$168	55
222 Bachmann Ave	0.65mi	3/1.0	1,238 (-12%)	3mo	$275,000	$222	45
204 Stare Rd	0.56mi	4/2.0 (+1)	1,214 (-14%)	0mo	$265,000	$218	44

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 · 1.63% rent growth · sell at horizon

5-year hold

• IRR: -42.8%
• Equity multiple: -0.31×
• Total profit: $-106,325
• Equity at exit: $43,186

10-year hold

• IRR: -83.6%
• Equity multiple: -1.15×
• Total profit: $-174,118
• Equity at exit: $25,042

Cash invested: $81,098 (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 43055

• Rents YoY: 1.6%
• Active inventory: 204

Monthly cashflow live

• Estimated rent: $1,390 high
• Mortgage (P&I): −$1,519
• Tax est. 1.5%: −$362 /mo · $4,345/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $-903

Break-even live

Break-even rent $2,534

Max offer price $158,949

Occupancy floor —

Sensitivity live

Price	-10% $-703	-5% $-803	+0% $-903	+5% $-1,003	+10% $-1,103
Rent	-10% $-1,013	-5% $-958	+0% $-903	+5% $-848	+10% $-793
Rate	-1.0pp $-757	-0.5pp $-829	base $-903	+0.5pp $-978	+1.0pp $-1,055

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: $72,409
• Closing costs: $8,689
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
923 Empire Dr Unit 923D Newark, OH	3.0	1.5	900	$1,195	$1.33	24d	1	0.40mi
301 Executive Dr N Newark, OH	2.0–3.0	1.0–1.5	807	$1,299	$1.61	2d	7	0.59mi
5 Cottage St Newark, OH	3.0	2.0	1719	$1,649	$0.96	24d	1	0.82mi
39 Charles St Newark, OH	3.0	1.5	1450	$1,649	$1.14	24d	1	0.84mi
202 N 11th St Newark, OH	2.0	1.0	1011	$1,195	$1.18	15d	1	0.97mi
681 Maple Ave Newark, OH	3.0	1.0	1100	$1,599	$1.45	2d	1	1.03mi
73 N 9th St Unit 73 Newark, OH	2.0	1.0	1250	$950	$0.76	24d	1	1.25mi
55 N Fulton Ave Newark, OH	4.0	1.0	1616	$1,525	$0.94	24d	1	1.30mi
8 N 8th St Unit 2 Newark, OH	3.0	1.0	1400	$1,400	$1.00	24d	1	1.42mi
71 W Locust St Newark, OH	2.0	1.0	1371	$1,225	$0.89	24d	1	1.43mi
63 N 4th St Unit 302 Newark, OH	3.0	1.0	1300	$1,350	$1.04	5d	1	1.48mi
63 N 4th St Newark, OH	3.0	1.0	1300	$1,350	$1.04	3d	1	1.48mi

Listing history 2 events

1. 2026-05-03
   status Pending
2. 2026-04-08
   listed $1 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,686
• − Mortgage interest: −$16,224
• − Property taxes: −$4,345
• − Insurance: −$1,448
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$8,426
• Taxable loss: −$16,427
• Est. tax savings @ 24.0%: +$3,942
• After-tax cash flow: $-6,895/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: Newark City
• NCES district ID: 3904445
• Math proficiency: 48% ▼ -12.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $38,662
• Composite: 43.33/100
• National rank: #3034
• State rank: #431 of 656 in OH

Livability — Newark

• Score: 69/100
• State rank: #493
• US rank: #8263

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newark, OH
• County: Licking County · 109,194 people
• City population: 63,281
• Metro: Columbus, OH
• Population (ZIP): 63,281
• Household income: $63,974
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 2269.0

Population outlook (Licking County) Hauer SSP2

• Today (2025): 178,210 people
• By 2030: 180,917 · +1.5%
• By 2040: 183,885 · +3.2%
• By 2050: 182,985 · +2.7%
• By 2075: 178,377 · +0.1%
• By 2100: 161,075 · -9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Black 3% Hispanic / Latino 2%
• 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 · Licking

• 2024 margin: Solid R (+30.0) · D 34.5% · R 64.6%
• 2008→2024 swing: -14.2pp toward R · 2008: -15.8pp · 2024: -30.0pp
• All cycles: 2024: R+30.0 2020: R+28.1 2016: R+28.9 2012: R+14.7 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -253.54%
• Current HPI: 247.9425
• Rent YoY: ▲ 1.63%
• Metro: Columbus, 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

Property tax history

+1.3%/yr

Latest (2025): $2,046 · +2.0% YoY. Source: county tax records.