160 S Main St · Malta, OH 43758

$109,000

3 bd · 1.0 ba · 1,848 sqft · SingleFamily public records · 182 Days on market

Built 1900 8,712 sqft lot $59/sqft · 35% below area Est $167k · 35% under

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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 +25.5/30.0
• ARV discount +15.0/15.0
• Appreciation +8.8/10.0
• DSCR +8.4/10.0
• 1% rule +6.3/10.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

Key facts

• Newer furnace
• Outdoor space
• Original woodwork

Tags

• FENCED BACKYARD
• OUTDOOR SPACE
• ORIGINAL WOODWORK
• NEWER FURNACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $199 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#835 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B+; Watch: health & safety C-, crime D, amenities F.
• Morgan Local (rural): math 46% / reading 60% proficiency, ranked #420 of 656 in OH (top 64%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 17 active listings in the ZIP; 34 units permitted in Morgan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($754 loan paydown + $8k appreciation (7.6% local appreciation)).
• Morgan County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.6% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, 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 182 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $51k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $89k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 182 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. 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.
9. 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.
10. 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: 1.13% ✓
• Cap rate: 9.09%
• Cash-on-cash: 10.00%
• DSCR: 1.44
• GRM: 7.4

CMA / ARV

• ARV (median comp): $166,819
• List price: $109,000
• Delta: -34.66%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
41 W Bell Ave	0.24mi	3/2.0	1,792 (-3%)	6mo	$203,750	$114	74
3049 Palace Heights Ln NW	0.16mi	2/1.0 (-1)	1,980 (+7%)	11mo	$66,000	$33	66
361 W Jefferson Ave	0.33mi	3/1.5	1,716 (-7%)	6mo	$260,000	$152	65
191 S 5th St	0.21mi	3/1.0	1,634 (-12%)	10mo	$22,000	$13	62
40 N 9th St	0.50mi	4/2.0 (+1)	1,696 (-8%)	4mo	$125,000	$74	50
843 High St N	0.63mi	4/1.0 (+1)	1,665 (-10%)	18mo	$118,500	$71	34
1011 N Main St	0.71mi	3/2.0	2,088 (+13%)	22mo	$220,000	$105	22

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

Projected returns pro-forma

7.56% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.1%
• Equity multiple: 2.79×
• Total profit: $54,575
• Equity at exit: $79,601

10-year hold

• IRR: 22.9%
• Equity multiple: 5.88×
• Total profit: $148,972
• Equity at exit: $155,041

Cash invested: $30,520 (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 43758

• Home prices YoY: 4.2%
• Active inventory: 17
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,228 medium
• Mortgage (P&I): −$572
• Tax from tax record: −$99 /mo · $1,188/yr
• Insurance: −$45
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $199

Break-even live

Break-even rent $977

Max offer price $109,000

Occupancy floor 79%

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-09
   days on market $109,000 Active 182 DOM
2. 2026-06-09
   remarks 587-char remark
3. 2026-06-08
   days on market $109,000 Active 181 DOM
4. 2026-06-08
   days on market $109,000 Active 180 DOM
5. 2026-06-07
   days on market $109,000 Active 179 DOM
6. 2026-06-04
   days on market $109,000 Active 176 DOM
7. 2026-06-02
   days on market $109,000 Active 175 DOM
8. 2026-06-01
   days on market $109,000 Active 174 DOM
9. 2026-05-31
   days on market $109,000 Active 173 DOM
10. 2026-04-28
    price $113,900 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

11. 2026-04-03
    price $114,740 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

12. 2026-03-23
    price $124,900 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

13. 2026-03-16
    price $139,800 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

14. 2026-02-24
    price $139,900 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

15. 2026-02-16
    price $148,000 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

16. 2026-01-25
    price $148,500 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

17. 2026-01-06
    price $154,900 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

18. 2025-12-09
    listed $159,900 Active 407-char remark

    Show marketing remark (407 chars)

    MINIMUM 24H NOTICE. Tucked away on Main St in the Village of Malta rests a 3Bed, 1Bath home with spacious rooms, high ceilings and original woodwork. Fenced backyard offers a vast outdoor space perfect for activities and a garden. Newer furnace and updates top off this home. Currently being utilized as a rental property. Don't wait to make this piece of the Village your own call today for an appointment.

19. 2025-05-21
    soldstatus $89,000
20. 2019-07-19
    soldstatus $81,900 247-char remark

    Show marketing remark (247 chars)

    Handy in town location, ready to go. This home has beautiful original woodwork with built-in buffet in the large living room. Gas log fireplace with ornate mill work. Partially fenced yard and screened front porch complete this move-in ready home.

21. 2019-05-17
    listed $79,900 247-char remark

    Show marketing remark (247 chars)

    Handy in town location, ready to go. This home has beautiful original woodwork with built-in buffet in the large living room. Gas log fireplace with ornate mill work. Partially fenced yard and screened front porch complete this move-in ready home.

22. 2014-05-09
    soldstatus $77,000
23. 2012-04-05
    historical
24. 2012-04-04
    historical
25. 2011-10-05
    listed $79,900
26. 2011-10-05
    listed $75,900
27. 2001-08-16
    soldstatus $48,000

ⓘ 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: $1,188 · $99/mo
• Projected year-2 tax: $1,444 · $120/mo
• Expected delta: +$256/yr (+$21/mo · 21.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% 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: $14,739
• − Mortgage interest: −$6,106
• − Property taxes: −$1,188
• − Insurance: −$1,212
• − Repairs & maintenance: −$1,179
• − Management: −$1,179
• − Depreciation: −$3,171
• Taxable income: $705
• Est. tax owed @ 24.0%: −$169
• After-tax cash flow: $2,216/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: Morgan Local
• NCES district ID: 3904877
• Math proficiency: 46% ▼ -20.00%
• Reading proficiency: 60% ▼ -9.00%
• Median HH income: $36,523
• Composite: 43.93/100
• National rank: #2907
• State rank: #420 of 656 in OH

Livability — Malta

• Score: 63/100
• State rank: #835
• US rank: #15616

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Malta, OH
• County: Morgan · 19,509 people
• Population (ZIP): 2,900
• Household income: $56,477
• Rent vs Own: 16.4% rent · 83.6% own
• Severe rent burden: 10.9

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 14,024 people
• By 2030: 13,485 · -3.8%
• By 2040: 12,222 · -12.8%
• By 2050: 10,912 · -22.2%
• By 2075: 8,181 · -41.7%
• By 2100: 5,838 · -58.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Black 3% Two or more races 2%
• Common ancestry: Serbian 3%
• Foreign-born: 1%
• Languages at home: 95% English-only · German/W. Germanic 4%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+53.2) · D 23.0% · R 76.2%
• 2008→2024 swing: -46.0pp toward R · 2008: -7.2pp · 2024: -53.2pp
• All cycles: 2024: R+53.2 2020: R+48.4 2016: R+41.4 2012: R+6.0 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.56%
• Current HPI: 188.0191
• 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

+137.3% since first listed

18 events — show timeline

• 2026-04-28 Price Changed $113,900 MLSNOW
• 2026-04-03 Price Changed $114,740 MLSNOW
• 2026-03-23 Price Changed $124,900 MLSNOW
• 2026-03-16 Price Changed $139,800 MLSNOW
• 2026-02-24 Price Changed $139,900 MLSNOW
• 2026-02-16 Price Changed $148,000 MLSNOW
• 2026-01-25 Price Changed $148,500 MLSNOW
• 2026-01-06 Price Changed $154,900 MLSNOW
• 2025-12-09 Listed $159,900 MLSNOW
• 2025-05-21 Sold (Public Records) $89,000 Public Records
• 2019-07-19 Sold (MLS) $81,900 MLSNOW
• 2019-05-17 Listed $79,900 MLSNOW
• 2014-05-09 Sold (Public Records) $77,000 Public Records
• 2012-04-05 Listing Removed — MLSNOW
• 2012-04-04 Listing Removed — MLSNOW
• 2011-10-05 Listed $75,900 MLSNOW
• 2011-10-05 Listed $79,900 MLSNOW
• 2001-08-16 Sold (Public Records) $48,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $1,188 · -0.2% YoY. Source: county tax records.