609 Fairground St · Caldwell, OH 43724

$129,000

3 bd · 2.0 ba · 1,288 sqft · SingleFamily public records · 36 Days on market

Built 1973 3,310 sqft lot Est $167k · 23% 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 +18.4/30.0
• ARV discount +15.0/15.0
• Appreciation +7.2/10.0
• DSCR +5.8/10.0
• 1% rule +4.2/10.0
• Livability +3.8/5.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

If you are looking for "move-in ready", then check out this exceptionally well kept ranch home located just minutes from everything and convenient to interstate 77. This one owner home features an adorable front porch for those beautiful summer evenings or slip inside and enjoy your spacious living room. The living room features a Franklin Stove complete with electric logs, but is also plumbed for gas logs. This area flows into the dining area that features a lighted built-in cabinet to display those cherished items of choice. There’s no loss for storage in your kitchen where you have not one but two places for your pantry items along with the rest of the cabinets. Down the hall are three bedrooms and 2 full baths with the primary bath newly remodeled in 2022. The back of the house is uniquely connected to a closed in workspace that is conveniently tucked between the back of the house and the 2 car garage. Wonderful place for your favorite past time or hobby. This home features man

Key facts

• Walk-in closet
• Dining area
• Full bath

Tags

• SPACIOUS LIVING ROOM
• DINING AREA
• PRIMARY BEDROOM
• FULL BATH
• WALK-IN CLOSET
• MAIN BATHROOM UPDATES

Property features AI

Exterior

• Parking: Attached 2-car garage; Asphalt driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; Block foundation
• Construction: Aluminum siding; Asphalt/fiberglass roof; Built per public records
• Exterior features: Covered front porch; Partially fenced yard

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: Three main-level bedrooms
• Bathrooms: Two full bathrooms on the main level
• Heating & cooling: Central air conditioning; Forced-air gas heating
• Interior features: Covered front porch; Partial yard fencing
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/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 $119k (8.0% below list).
• Recommended offer: $119k (8.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#215 in OH, #3,322 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, employment D, amenities F.
• Caldwell Exempted Village (town): math 36% / reading 49% proficiency, ranked #529 of 656 in OH (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 21 active listings in the ZIP; 19 units permitted in Noble County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($892 loan paydown + $6k appreciation (4.3% local appreciation)).
• Noble County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (4.3% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($125k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 $118,693 (8.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.92% ✗
• Cap rate: 7.42%
• Cash-on-cash: 4.02%
• DSCR: 1.18
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $167,440
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 Belford St	0.03mi	2/1.5 (-1)	1,352 (+5%)	5mo	$176,000	$130	79
609 Lewis St	0.07mi	3/1.0	1,288 (0%)	18mo	$159,900	$124	78
807 Young St	0.25mi	3/1.0	1,344 (+4%)	9mo	$161,000	$120	70
301 East St	0.37mi	2/1.0 (-1)	1,284 (-0%)	6mo	$145,000	$113	68
45151 Planning Mill St	0.31mi	3/1.0	1,248 (-3%)	12mo	$122,400	$98	66
1029 Fowler Dr	0.33mi	2/1.5 (-1)	1,232 (-4%)	11mo	$185,000	$150	61
1016 Main St	0.38mi	3/1.0	1,262 (-2%)	19mo	$95,000	$75	59
519 Fairground St	0.07mi	3/2.0	1,104 (-14%)	18mo	$153,000	$139	57
1020 Belford St	0.30mi	4/1.0 (+1)	1,204 (-6%)	14mo	$195,000	$162	55
17050 Blackstocking Rd	0.42mi	3/2.5	1,425 (+11%)	13mo	$270,000	$189	50
2 Sycamore St	0.52mi	4/2.0 (+1)	1,232 (-4%)	23mo	$197,800	$161	44
16707 Terrace Ave	0.67mi	2/1.0 (-1)	1,106 (-14%)	9mo	$123,000	$111	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

4.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.6%
• Equity multiple: 1.90×
• Total profit: $32,445
• Equity at exit: $67,819

10-year hold

• IRR: 15.6%
• Equity multiple: 3.60×
• Total profit: $93,929
• Equity at exit: $112,893

Cash invested: $36,120 (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 43724

• Home prices YoY: 2.7%
• Active inventory: 21
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,187 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$86 /mo · $1,037/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $121

Break-even live

Break-even rent $1,034

Max offer price $129,000

Occupancy floor 85%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-23
   status Pending
2. 2026-04-19
   historical Contingent
3. 2026-04-16
   listed $129,000 Active
4. 2023-06-30
   soldstatus $125,000
5. 2023-06-14
   status Pending 1014-char remark

   Show marketing remark (1014 chars)

   If you are looking for "move-in ready", then check out this exceptionally well kept ranch home located just minutes from everything and convenient to interstate 77. This one owner home features an adorable front porch for those beautiful summer evenings or slip inside and enjoy your spacious living room. The living room features a Franklin Stove complete with electric logs, but is also plumbed for gas logs. This area flows into the dining area that features a lighted built-in cabinet to display those cherished items of choice. There’s no loss for storage in your kitchen where you have not one but two places for your pantry items along with the rest of the cabinets. Down the hall are three bedrooms and 2 full baths with the primary bath newly remodeled in 2022. The back of the house is uniquely connected to a closed in workspace that is conveniently tucked between the back of the house and the 2 car garage. Wonderful place for your favorite past time or hobby. This home features man

6. 2023-06-14
   soldstatus $125,000 Closed 1014-char remark

   Show marketing remark (1014 chars)

   If you are looking for "move-in ready", then check out this exceptionally well kept ranch home located just minutes from everything and convenient to interstate 77. This one owner home features an adorable front porch for those beautiful summer evenings or slip inside and enjoy your spacious living room. The living room features a Franklin Stove complete with electric logs, but is also plumbed for gas logs. This area flows into the dining area that features a lighted built-in cabinet to display those cherished items of choice. There’s no loss for storage in your kitchen where you have not one but two places for your pantry items along with the rest of the cabinets. Down the hall are three bedrooms and 2 full baths with the primary bath newly remodeled in 2022. The back of the house is uniquely connected to a closed in workspace that is conveniently tucked between the back of the house and the 2 car garage. Wonderful place for your favorite past time or hobby. This home features man

7. 2023-05-18
   historical Contingent 1014-char remark

   Show marketing remark (1014 chars)

   If you are looking for "move-in ready", then check out this exceptionally well kept ranch home located just minutes from everything and convenient to interstate 77. This one owner home features an adorable front porch for those beautiful summer evenings or slip inside and enjoy your spacious living room. The living room features a Franklin Stove complete with electric logs, but is also plumbed for gas logs. This area flows into the dining area that features a lighted built-in cabinet to display those cherished items of choice. There’s no loss for storage in your kitchen where you have not one but two places for your pantry items along with the rest of the cabinets. Down the hall are three bedrooms and 2 full baths with the primary bath newly remodeled in 2022. The back of the house is uniquely connected to a closed in workspace that is conveniently tucked between the back of the house and the 2 car garage. Wonderful place for your favorite past time or hobby. This home features man

8. 2023-05-15
   listed $121,000 Active 1014-char remark

   Show marketing remark (1014 chars)

   If you are looking for "move-in ready", then check out this exceptionally well kept ranch home located just minutes from everything and convenient to interstate 77. This one owner home features an adorable front porch for those beautiful summer evenings or slip inside and enjoy your spacious living room. The living room features a Franklin Stove complete with electric logs, but is also plumbed for gas logs. This area flows into the dining area that features a lighted built-in cabinet to display those cherished items of choice. There’s no loss for storage in your kitchen where you have not one but two places for your pantry items along with the rest of the cabinets. Down the hall are three bedrooms and 2 full baths with the primary bath newly remodeled in 2022. The back of the house is uniquely connected to a closed in workspace that is conveniently tucked between the back of the house and the 2 car garage. Wonderful place for your favorite past time or hobby. This home features man

ⓘ 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: $1,037 · $86/mo
• Projected year-2 tax: $1,525 · $127/mo
• Expected delta: +$488/yr (+$41/mo · 47.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 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: $14,243
• − Mortgage interest: −$7,226
• − Property taxes: −$1,037
• − Insurance: −$645
• − Repairs & maintenance: −$1,139
• − Management: −$1,139
• − Depreciation: −$3,753
• Taxable loss: −$697
• Est. tax savings @ 24.0%: +$167
• After-tax cash flow: $1,619/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: Caldwell Exempted Village
• NCES district ID: 3904525
• Math proficiency: 36% ▼ -5.00%
• Reading proficiency: 49% ▼ -5.00%
• Median HH income: $37,221
• Composite: 35.3/100
• National rank: #4967
• State rank: #529 of 656 in OH

Livability — Caldwell

• Score: 76/100
• State rank: #215
• US rank: #3322

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Caldwell, OH
• County: Noble · 16,074 people
• Population (ZIP): 9,007
• Household income: $54,005
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 2.5

Population outlook (Noble County) Hauer SSP2

• Today (2025): 13,837 people
• By 2030: 13,584 · -1.8%
• By 2040: 12,674 · -8.4%
• By 2050: 11,551 · -16.5%
• By 2075: 8,951 · -35.3%
• By 2100: 6,807 · -50.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Black 6% Hispanic / Latino 2% Two or more races 1%
• Common ancestry: Subsaharan African 3% Lithuanian 2% Serbian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Noble

• 2024 margin: Solid R (+64.6) · D 17.4% · R 82.0%
• 2008→2024 swing: -48.8pp toward R · 2008: -15.8pp · 2024: -64.6pp
• All cycles: 2024: R+64.6 2020: R+62.5 2016: R+55.1 2012: R+24.6 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.32%
• Current HPI: 166.7357
• 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

+6.6% since first listed

8 events — show timeline

• 2026-05-23 Pending — MLSNOW
• 2026-04-19 Contingent — MLSNOW
• 2026-04-16 Listed $129,000 MLSNOW
• 2023-06-30 Sold (Public Records) $125,000 Public Records
• 2023-06-14 Pending — MLSNOW
• 2023-06-14 Sold (MLS) $125,000 MLSNOW
• 2023-05-18 Contingent — MLSNOW
• 2023-05-15 Listed $121,000 MLSNOW

Property tax history

+5.3%/yr

Latest (2025): $1,037 · -0.4% YoY. Source: county tax records.