7705 Ravenna Ave · Harrisburg, OH 44641

$155,000

2 bd · 1.0 ba · 1,113 sqft · SingleFamily public records · 3 Days on market

Built 1927 1.73 ac lot Est $167k · 7% under

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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).

• Cash flow +13.7/30.0
• ARV discount +10.7/15.0
• Schools +5.9/10.0
• DSCR +4.1/10.0
• Rent growth +3.9/5.0
• 1% rule +3.4/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Set on a generous 1.7-acre lot, this charming home offers endless potential for the right buyer ready to add a little TLC and make it their own. With great bones and a spacious layout, this property is a wonderful opportunity to create your dream home in a peaceful setting. Inside, you’ll find two comfortable bedrooms upstairs, while the main floor features a full bath and convenient first-floor laundry. The spacious kitchen provides plenty of room for cooking and gathering, flowing easily into a dedicated dining room—perfect for family meals or entertaining guests. A large living room offers abundant space to relax, highlighted by tons of natural light that fills the home with

Key facts

• Large back deck
• Spacious kitchen
• Large living room

Tags

• 1.7 ACRE LOT
• SPACIOUS KITCHEN
• DEDICATED DINING ROOM
• LARGE LIVING ROOM
• EXPANSIVE BACKYARD VIEWS
• LARGE BACK DECK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $10 ($125/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 $131k (15.8% below list).
• Recommended offer: $131k (15.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#942 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety F.
• Louisville City (suburban): math 67% / reading 70% proficiency, ranked #162 of 656 in OH (top 25%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Louisville Elementary School (math 76% / reading 72%, grade A, #301 of 1,584 statewide, top 20%, 913 students, 30% FRL); Louisville Middle School (math 65% / reading 64%, grade A-, #205 of 654 statewide, top 34%, 673 students, 32% FRL); Louisville High School (math 49% / reading 82%, grade B, #159 of 781 statewide, top 21%, 787 students, 32% FRL) — zoned schools at 32% FRL track the district average.
• Market conditions: Rents rising fast (+5.6%/yr); 88 active listings in the ZIP; solid renter incomes; 528 units permitted in Stark County in 2024 (84 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Stark County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 25y 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.
• Current owner paid $93k; list at $155k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,535 (15.8% below list)

Questions for the listing agent

1. Built in 1927 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. 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.
6. 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.
7. 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: 0.84% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.29%
• DSCR: 1.01
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $166,950
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7705 Ravenna Ave	0.00mi	2/1.0	1,113 (0%)	1mo	$166,500	$150	99

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 · 5.57% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.52×
• Total profit: $-21,002
• Equity at exit: $23,111

10-year hold

• IRR: -0.8%
• Equity multiple: 0.94×
• Total profit: $-2,503
• Equity at exit: $13,402

Cash invested: $43,400 (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 44641

• Rents YoY: 5.6%
• Active inventory: 88
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,305 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$143 /mo · $1,721/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $10

Break-even live

Break-even rent $1,292

Max offer price $155,000

Occupancy floor 94%

Sensitivity live

Price	-10% $98	-5% $54	+0% $10	+5% $-33	+10% $-77
Rent	-10% $-93	-5% $-41	+0% $10	+5% $62	+10% $114
Rate	-1.0pp $88	-0.5pp $50	base $10	+0.5pp $-30	+1.0pp $-71

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-03-01
   status Pending
2. 2026-02-26
   listed $155,000 Active
3. 2001-11-20
   soldstatus $93,000
4. 2001-11-07
   historical
5. 2001-05-10
   listed $99,900
6. 1994-09-12
   soldstatus $49,500
7. 1987-07-30
   soldstatus $32,000
8. 1986-07-23
   soldstatus $32,000

ⓘ 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: $1,721 · $143/mo
• Projected year-2 tax: $2,069 · $172/mo
• Expected delta: +$349/yr (+$29/mo · 20.3%)

ⓘ 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 ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,664
• − Mortgage interest: −$8,682
• − Property taxes: −$1,721
• − Insurance: −$775
• − Repairs & maintenance: −$1,253
• − Management: −$1,253
• − Depreciation: −$4,509
• Taxable loss: −$2,529
• Est. tax savings @ 24.0%: +$607
• After-tax cash flow: $732/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: Louisville City
• NCES district ID: 3904987
• Math proficiency: 67% ▼ -11.00%
• Reading proficiency: 70% ▼ -4.00%
• Median HH income: $54,455
• Composite: 58.54/100
• National rank: #992
• State rank: #162 of 656 in OH

Livability — Harrisburg

• Score: 61/100
• State rank: #942
• US rank: #18192

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Stark County · 272,865 people
• City population: 360
• Metro: Canton-Massillon, OH
• Population (ZIP): 20,031
• Household income: $80,303
• Rent vs Own: 23.5% rent · 76.5% own
• Severe rent burden: 344.0

Population outlook (Stark County) Hauer SSP2

• Today (2025): 373,708 people
• By 2030: 371,245 · -0.7%
• By 2040: 361,331 · -3.3%
• By 2050: 345,290 · -7.6%
• By 2075: 302,669 · -19.0%
• By 2100: 238,870 · -36.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Black 1%
• Common ancestry: Italian 6% Lithuanian 5% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1%

Political lean MEDSL · Stark

• 2024 margin: Strong R (+21.9) · D 38.6% · R 60.5%
• 2008→2024 swing: -27.4pp toward R · 2008: 5.5pp · 2024: -21.9pp
• All cycles: 2024: R+21.9 2020: R+18.5 2016: R+17.4 2012: R+0.4 2008: D+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -203.38%
• Current HPI: 214.6849
• Rent YoY: ▲ 5.57%
• Metro: Canton-Massillon, 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

Price history

+384.4% since first listed

8 events — show timeline

• 2026-03-01 Pending — MLSNOW
• 2026-02-26 Listed $155,000 MLSNOW
• 2001-11-20 Sold (Public Records) $93,000 Public Records
• 2001-11-07 Listing Removed — MLSNOW
• 2001-05-10 Listed $99,900 MLSNOW
• 1994-09-12 Sold (Public Records) $49,500 Public Records
• 1987-07-30 Sold (Public Records) $32,000 Public Records
• 1986-07-23 Sold (Public Records) $32,000 Public Records

Property tax history

+3.5%/yr

Latest (2024): $1,721 · +8.4% YoY. Source: county tax records.