468 Faulkner Dr · Lithopolis, OH 43136

$409,900

4 bd · 2.5 ba · 2,193 sqft · SingleFamily public records · 44 Days on market

Built 2023 5,662 sqft lot $187/sqft · 8% below area Est $446k · 8% under $30/mo HOA · 1% of rent

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Why this score? — see what drove the D- 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 +11.2/15.0
• Cash flow +6.2/30.0
• Schools +5.7/10.0
• Appreciation +4.8/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.2/10.0
• DSCR +0.5/10.0

Listing remarks

Opportunity To Assume Seller's Existing FHA Loan And Potentially Benefit From Below-Market Financing, Subject To Lender Qualification And Approval. Built In 2023 By D. R. Horton, This Pendleton Model In Wagnalls Run / The Summit At Wagnalls Offers Refined Newer Construction In Bloom Carroll Schools. With 2,193 Square Feet, 3 Bedrooms, Large Loft Area, A Quaint Reading Room/Small Office/Book Nook or Upstairs Storage/Toy Room, 2 Full Baths, 1 Half Bath, And A Full Unfinished Basement, The Home Delivers Beautifully Designed Space Today With Exceptional Flexibility For The Future. The Main Level Feels Bright, Open, And Elevated, Featuring Wide Plank Luxury Vinyl Flooring, Recessed Lighting, And

Key facts

• 5,662 sq ft lot
• 2 garage spots
• Built 2023

Property features AI

Finance

• Other: Home warranty included
• HOA & community: Homeowners association membership; Association fee $180 semi-annually (includes insurance)

Exterior

• Parking: Attached garage with garage door opener; 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 2023; No shared/common walls
• Construction: Poured foundation
• Exterior features: Fenced yard

Interior

• Flooring: Carpet
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Insulated windows throughout; Full basement

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $410k.

Deal economics

• At list price, monthly cash flow is $-751 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $277k (32.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $253k (38.2% below list).
• Recommended offer: $253k (38.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#232 in OH, #3,655 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• Bloom-Carroll Local (rural): math 58% / reading 71% proficiency, ranked #179 of 656 in OH (top 27%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: Bloom Carroll Intermediate School (math 66% / reading 69%, grade B+, #446 of 1,584 statewide, top 29%, 551 students, 17% FRL); Bloom-Carroll Middle School (math 58% / reading 70%, grade B+, #221 of 654 statewide, top 35%, 545 students, 17% FRL); Bloom-Carroll High School (math 37% / reading 77%, grade C, #275 of 781 statewide, top 37%, 670 students, 17% FRL) — zoned schools at 17% FRL track the district average.
• Market conditions: 25 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 475 units permitted in Fairfield County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($3k loan paydown + $-1k appreciation (-0.3% local appreciation)).
• Fairfield County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 10, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($398k) is reasonable based on typical stale-listing flexibility.

Recommended offer $253,119 (38.2% below list)

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. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 0.62% ✗
• Cap rate: 4.09%
• Cash-on-cash: -7.85%
• DSCR: 0.65
• GRM: 13.5

CMA / ARV

• ARV (median comp): $446,367
• List price: $409,900
• Delta: -8.17%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1505 Hansberry Dr	0.10mi	4/2.5	2,132 (-3%)	3mo	$399,900	$188	88
1375 Hansberry Dr	0.19mi	4/2.5	2,155 (-2%)	0mo	$473,094	$220	88
248 Faulkner Dr	0.20mi	4/2.5	2,280 (+4%)	2mo	$393,000	$172	82
94 Sandburg Dr	0.22mi	4/2.5	2,280 (+4%)	2mo	$377,000	$165	81
557 Eastman Ave	0.18mi	3/2.5 (-1)	2,155 (-2%)	3mo	$408,395	$190	81
607 Eastman Ave	0.16mi	4/2.5	2,053 (-6%)	1mo	$402,466	$196	81
89 Wheatley St	0.24mi	3/2.5 (-1)	2,155 (-2%)	1mo	$443,000	$206	80
720 Faulkner Dr	0.22mi	3/2.5 (-1)	2,155 (-2%)	4mo	$400,000	$186	78
777 Faulkner Dr	0.27mi	3/2.5 (-1)	2,155 (-2%)	3mo	$415,449	$193	77
750 Faulkner Dr	0.24mi	3/2.5 (-1)	2,155 (-2%)	4mo	$404,181	$188	77
891 Orwell St	0.40mi	3/2.5 (-1)	2,080 (-5%)	2mo	$388,000	$187	66
330 W Columbus St	0.46mi	3/2.0 (-1)	2,006 (-8%)	4mo	$475,000	$237	53

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

Projected returns pro-forma

-0.33% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.42×
• Total profit: $-66,108
• Equity at exit: $112,338

10-year hold

• IRR: -6.3%
• Equity multiple: 0.37×
• Total profit: $-72,412
• Equity at exit: $129,811

Cash invested: $114,772 (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 43136

• Home prices YoY: -0.1%
• Active inventory: 25
• Price-to-rent: 13.5×

Monthly cashflow live

• Estimated rent: $2,531 medium
• Mortgage (P&I): −$2,150
• Tax from tax record: −$400 /mo · $4,802/yr
• Insurance: −$171
• HOA: −$30
• Vacancy / Maint / Mgmt: −$532
• Net cashflow: $-751

Break-even live

Break-even rent $3,482

Max offer price $277,261

Occupancy floor —

Sensitivity live

Price	-10% $-519	-5% $-635	+0% $-751	+5% $-867	+10% $-983
Rent	-10% $-951	-5% $-851	+0% $-751	+5% $-651	+10% $-551
Rate	-1.0pp $-544	-0.5pp $-647	base $-751	+0.5pp $-857	+1.0pp $-965

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: $102,475
• Closing costs: $12,297
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
248 Faulkner Dr Lithopolis, OH	4.0	2.5	2280	$2,511	$1.10	3d	1	0.19mi
248 Faulkner Dr Lithopolis, OH	4.0	2.5	2280	$2,561	$1.12	9d	1	0.19mi
891 Orwell St Lithopolis, OH	3.0	2.5	2080	$2,511	$1.21	3d	1	0.39mi

HOA detail

• Monthly dues: $30 · $360/yr

Listing history 17 events

1. 2026-06-21
   days on market $409,900 Active 44 DOM
2. 2026-06-18
   days on market $409,900 Active 41 DOM
3. 2026-06-17
   days on market $409,900 Active 40 DOM
4. 2026-06-16
   days on market $409,900 Active 39 DOM
5. 2026-06-15
   days on market $409,900 Active 38 DOM
6. 2026-06-13
   days on market $409,900 Active 36 DOM
7. 2026-06-13
   days on market $409,900 Active 35 DOM
8. 2026-06-09
   days on market $409,900 Active 32 DOM
9. 2026-06-08
   days on market $409,900 Active 31 DOM
10. 2026-06-07
    days on market $409,900 Active 30 DOM
11. 2026-06-05
    days on market $409,900 Active 27 DOM
12. 2026-06-03
    days on market $409,900 Active 26 DOM
13. 2026-06-02
    days on market $409,900 Active 25 DOM
14. 2026-06-01
    days on market $409,900 Active 24 DOM
15. 2026-05-31
    days on market $409,900 Active 23 DOM
16. 2026-05-08
    listed $409,900 Active 1739-char remark
17. 2026-05-07
    historical $409,900 1739-char remark

ⓘ 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: $4,802 · $400/mo
• Projected year-2 tax: $5,598 · $467/mo
• Expected delta: +$796/yr (+$66/mo · 16.6%)

ⓘ 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 ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $30,374
• − Mortgage interest: −$22,961
• − Property taxes: −$4,802
• − Insurance: −$2,050
• − Repairs & maintenance: −$2,430
• − Management: −$2,430
• − HOA: −$360
• − Depreciation: −$11,924
• Taxable loss: −$16,582
• Est. tax savings @ 24.0%: +$3,980
• After-tax cash flow: $-5,030/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: Bloom-Carroll Local
• NCES district ID: 3904686
• Math proficiency: 58% ▼ -15.00%
• Reading proficiency: 71% ▼ -5.00%
• Median HH income: $76,614
• Composite: 57.3/100
• National rank: #1089
• State rank: #179 of 656 in OH

Livability — Lithopolis

• Score: 76/100
• State rank: #232
• US rank: #3655

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lithopolis, OH
• County: Fairfield · 186,676 people
• Metro: Columbus, OH
• Population (ZIP): 2,270
• Household income: $109,297
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 7.1

Population outlook (Fairfield County) Hauer SSP2

• Today (2025): 162,442 people
• By 2030: 166,796 · +2.7%
• By 2040: 172,835 · +6.4%
• By 2050: 174,822 · +7.6%
• By 2075: 174,938 · +7.7%
• By 2100: 160,988 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Two or more races 9% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 4% Romanian 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Fairfield

• 2024 margin: Strong R (+24.1) · D 37.5% · R 61.6%
• 2008→2024 swing: -6.9pp toward R · 2008: -17.1pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.5 2016: R+27.0 2012: R+16.1 2008: R+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.33%
• Current HPI: 216.9937
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-08 Listed $409,900 CBRMLS
• 2026-05-07 Coming Soon $409,900 CBRMLS

Property tax history

+261.6%/yr

Latest (2025): $4,802 · +9.0% YoY. Source: county tax records.