1039 Township Line Rd · Wellsville, OH 43968

$72,000

2 bd · 1.0 ba · 1,700 sqft · SingleFamily public records · 4 Days on market

Built 1947 1.21 ac lot ↓ 34% since listing

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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
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• ARV discount +7.5/15.0
• Appreciation +5.9/10.0
• Livability +3.5/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Bring this home back to the adorable home its meant to be. The main floor is a nice flowing layout including the master bedroom and full bath. The 2nd and 3rd bedrooms are upstairs. There is a large, covered porch patio off the kitchen. The property includes a 2-car garage under the home attached to the basement, a large pole barn with a concrete floor, and an inground swimming pool, (liner is 3 years old) There is a circler driveway at the house and a separate drive leading to the pole barn. The home has been a rental for many years. Selling AS IS, due to this Cash and Conventional buyers only. Inside pictures will follow once the renter is moved out.

Key facts

• Pole barn
• Covered porch patio
• Circular driveway

Tags

• COVERED PORCH PATIO
• INGROUND SWIMMING POOL
• CIRCULAR DRIVEWAY
• POLE BARN

🏷️ Possibly a rental listed for sale. The $72,000 price doesn't fit this home's estimated sale value (~$251,600) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $305 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).

Location & tenants

• Location reads 69/100 on livability (#505 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, amenities F, commute F.
• Wellsville Local (town): math 34% / reading 46% proficiency, ranked #546 of 656 in OH (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 20 active listings in the ZIP; 49 units permitted in Columbiana County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($498 loan paydown + $1k appreciation (1.8% local appreciation)).
• Columbiana County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.8% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 17y 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.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,000

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.46% ✓
• Cap rate: 11.38%
• Cash-on-cash: 18.15%
• DSCR: 1.81
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $251,600
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1348 Parshall Rd	0.66mi	3/2.0 (+1)	1,456 (-14%)	0mo	$215,000	$148	36

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

Projected returns pro-forma

1.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.0%
• Equity multiple: 2.17×
• Total profit: $23,685
• Equity at exit: $27,648

10-year hold

• IRR: 24.1%
• Equity multiple: 4.12×
• Total profit: $62,962
• Equity at exit: $39,245

Cash invested: $20,160 (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 43968

• Home prices YoY: 1.0%
• Active inventory: 20
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,052 medium
• Mortgage (P&I): −$378
• Tax from tax record: −$118 /mo · $1,420/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $305

Break-even live

Break-even rent $666

Max offer price $72,000

Occupancy floor 66%

Sensitivity live

Price	-10% $346	-5% $325	+0% $305	+5% $285	+10% $264
Rent	-10% $222	-5% $263	+0% $305	+5% $346	+10% $388
Rate	-1.0pp $341	-0.5pp $323	base $305	+0.5pp $286	+1.0pp $267

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: $18,000
• Closing costs: $2,160
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-03-05
   status Pending
2. 2026-02-28
   listed $72,000 Active
3. 2016-09-21
   historical
4. 2016-08-25
   listed $105,000 Active
5. 2014-02-09
   historical
6. 2013-08-09
   listed $108,000
7. 2009-08-13
   soldstatus $100,500
8. 2009-08-12
   soldstatus $100,500
9. 2009-08-03
   listed $109,500
10. 2009-08-02
    historical
11. 2009-02-01
    listed $109,500

ⓘ 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: $1,420 · $118/mo
• Projected year-2 tax: $1,420 · $118/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,620
• − Mortgage interest: −$4,033
• − Property taxes: −$1,420
• − Insurance: −$360
• − Repairs & maintenance: −$1,010
• − Management: −$1,010
• − Depreciation: −$2,095
• Taxable income: $2,693
• Est. tax owed @ 24.0%: −$646
• After-tax cash flow: $3,013/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: Wellsville Local
• NCES district ID: 3904503
• Math proficiency: 34% ▼ -26.00%
• Reading proficiency: 46% ▼ -12.00%
• Median HH income: $35,795
• Composite: 33.09/100
• National rank: #5563
• State rank: #546 of 656 in OH

Livability — Wellsville

• Score: 69/100
• State rank: #505
• US rank: #8502

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Columbiana · 99,532 people
• Population (ZIP): 6,445
• Household income: $62,172
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 11.8

Population outlook (Columbiana County) Hauer SSP2

• Today (2025): 98,353 people
• By 2030: 94,225 · -4.2%
• By 2040: 85,169 · -13.4%
• By 2050: 76,157 · -22.6%
• By 2075: 58,451 · -40.6%
• By 2100: 42,805 · -56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Black 6% Two or more races 3%
• Common ancestry: Serbian 5% Romanian 4% Iranian 2%

Political lean MEDSL · Columbiana

• 2024 margin: Solid R (+49.0) · D 25.1% · R 74.1%
• 2008→2024 swing: -41.4pp toward R · 2008: -7.6pp · 2024: -49.0pp
• All cycles: 2024: R+49.0 2020: R+44.9 2016: R+41.6 2012: R+12.0 2008: R+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.81%
• Current HPI: 181.4494
• 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

-34.2% since first listed

11 events — show timeline

• 2026-03-05 Pending — MLSNOW
• 2026-02-28 Listed $72,000 MLSNOW
• 2016-09-21 Listing Removed — MLSNOW
• 2016-08-25 Listed $105,000 MLSNOW
• 2014-02-09 Listing Removed — MLSNOW
• 2013-08-09 Listed $108,000 MLSNOW
• 2009-08-13 Sold (Public Records) $100,500 Public Records
• 2009-08-12 Sold (MLS) $100,500 MLSNOW
• 2009-08-03 Listed $109,500 MLSNOW
• 2009-08-02 Listing Removed — MLSNOW
• 2009-02-01 Listed $109,500 MLSNOW

Property tax history

+2.2%/yr

Latest (2025): $1,420 · +5.6% YoY. Source: county tax records.