1314 Bank St · Atwater, OH 44201

$134,900

3 bd · 1.0 ba · 1,184 sqft · SingleFamily public records · 50 Days on market

Built 1900 0.25 ac lot $114/sqft · 18% below area Est $164k · 18% 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 +22.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +5.0/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to 1314 Bank St! From the front door, enter the living room, with easy access to the family room, which features a cozy thermostat controlled pellet stove that will heat the entire first floor easily, even in the coldest of winter to save on expenses and access to the enclosed front porch. The galley kitchen comes with all kitchen appliances and access to the exterior. Down the hall, you'll find the first-floor bedroom along with the hall full bath, which has been updated with a walk-in shower. Upstairs, you’ll find a flexible layout with painted wood floors and two more bedrooms plus storage options as well—perfect for a home office, or guest space. The real showst

Key facts

• Finished garage
• Enclosed front porch
• 0.25 acre lot

Tags

• ENCLOSED FRONT PORCH
• UPDATED WALK-IN SHOWER
• LARGE DETACHED GARAGE
• FULLY INSULATED GARAGE
• FINISHED GARAGE

Property features AI

Exterior

• Parking: Detached heated garage; Driveway; Unpaved surfaces; 2 garage spaces
• Utilities: Public sewer; Well water
• Home design: Single-family property; 1,184 above-grade finished area
• Construction: Aluminum siding; Asphalt/fiberglass roof
• Exterior features: Enclosed porch; Patio; Porch

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: One bedroom on the main level; One bedroom on the second level
• Flooring: Wood flooring in second-level bedrooms; Carpet in first-level bedroom, living room, and enclosed porch
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Baseboard heating; Heat pump; Pellet stove
• Interior features: Unfinished basement; Enclosed front porch
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $215 ($3k/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 $135k (0.3% below list).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#795 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• Waterloo Local (rural): math 53% / reading 56% proficiency, ranked #356 of 656 in OH (top 54%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 19 active listings in the ZIP; solid renter incomes; 196 units permitted in Portage County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 $57k; list at $135k implies a 136% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,853 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.00% ✗
• Cap rate: 8.21%
• Cash-on-cash: 6.83%
• DSCR: 1.30
• GRM: 8.4

CMA / ARV

• ARV (median comp): $163,839
• List price: $134,900
• Delta: -17.66%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1319 Fairview Ave	0.16mi	4/2.0 (+1)	1,042 (-12%)	4mo	$200,000	$192	60
1452 Stroup Rd	0.50mi	3/2.0	1,056 (-11%)	6mo	$165,000	$156	49
1491 Whittlesey Ave	0.48mi	2/1.0 (-1)	1,032 (-13%)	2mo	$160,000	$155	49
1379 Whittlesey Ave	0.36mi	4/1.0 (+1)	1,344 (+14%)	17mo	$100,000	$74	42

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.78×
• Total profit: $-8,189
• Equity at exit: $20,114

10-year hold

• IRR: 3.8%
• Equity multiple: 1.27×
• Total profit: $10,383
• Equity at exit: $11,664

Cash invested: $37,772 (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 44201

• Home prices YoY: -31.3%
• Active inventory: 19
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,345 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$84 /mo · $1,006/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $215

Break-even live

Break-even rent $1,073

Max offer price $134,900

Occupancy floor 79%

Sensitivity live

Price	-10% $292	-5% $253	+0% $215	+5% $177	+10% $139
Rent	-10% $109	-5% $162	+0% $215	+5% $268	+10% $321
Rate	-1.0pp $283	-0.5pp $249	base $215	+0.5pp $180	+1.0pp $145

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $134,900 Active 50 DOM
2. 2026-06-17
   days on market $134,900 Active 49 DOM
3. 2026-06-16
   days on market $134,900 Active 48 DOM
4. 2026-06-15
   days on market $134,900 Active 47 DOM
5. 2026-06-14
   days on market $134,900 Active 45 DOM
6. 2026-06-13
   days on market $134,900 Active 44 DOM
7. 2026-06-10
   days on market $134,900 Active 42 DOM
8. 2026-06-09
   days on market $134,900 Active 41 DOM
9. 2026-06-08
   days on market $134,900 Active 40 DOM
10. 2026-06-07
    days on market $134,900 Active 39 DOM
11. 2026-06-02
    days on market $134,900 Active 34 DOM
12. 2026-06-01
    days on market $134,900 Active 33 DOM
13. 2026-05-31
    days on market $134,900 Active 32 DOM
14. 2026-05-30
    days on market $134,900 Active 31 DOM
15. 2026-04-29
    historical
16. 2026-04-29
    listed $134,900 Active 955-char remark
17. 2026-03-18
    listed $139,900 Active
18. 2026-03-18
    historical
19. 2026-01-03
    listed $144,900 Active
20. 2026-01-03
    historical
21. 2025-12-03
    listed $149,900 Active
22. 2005-09-22
    soldstatus $57,125

ⓘ 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: $1,006 · $84/mo
• Projected year-2 tax: $1,555 · $130/mo
• Expected delta: +$549/yr (+$46/mo · 54.6%)

ⓘ 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 ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,140
• − Mortgage interest: −$7,556
• − Property taxes: −$1,006
• − Insurance: −$674
• − Repairs & maintenance: −$1,291
• − Management: −$1,291
• − Depreciation: −$3,924
• Taxable income: $397
• Est. tax owed @ 24.0%: −$95
• After-tax cash flow: $2,486/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: Waterloo Local
• NCES district ID: 3904924
• Math proficiency: 53% ▼ -15.00%
• Reading proficiency: 56% ▼ -15.00%
• Median HH income: $58,703
• Composite: 47.34/100
• National rank: #2295
• State rank: #356 of 656 in OH

Livability — Atwater

• Score: 64/100
• State rank: #795
• US rank: #14542

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atwater, OH
• County: Portage · 165,699 people
• Metro: Akron, OH
• Population (ZIP): 6,928
• Household income: $77,264
• Rent vs Own: 16.6% rent · 83.4% own

Population outlook (Portage County) Hauer SSP2

• Today (2025): 166,109 people
• By 2030: 167,752 · +1.0%
• By 2040: 168,640 · +1.5%
• By 2050: 167,469 · +0.8%
• By 2075: 170,131 · +2.4%
• By 2100: 167,958 · +1.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2%
• Common ancestry: Lithuanian 4% Slovak 4% Romanian 2%
• Foreign-born: 0%

Political lean MEDSL · Portage

• 2024 margin: R (+15.5) · D 41.8% · R 57.3%
• 2008→2024 swing: -24.5pp toward R · 2008: 9.0pp · 2024: -15.5pp
• All cycles: 2024: R+15.5 2020: R+12.5 2016: R+10.2 2012: D+4.9 2008: D+9.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -103.37%
• Current HPI: 227.0695
• 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

+136.1% since first listed

8 events — show timeline

• 2026-04-29 Listed $134,900 MLSNOW
• 2026-04-29 Listing Removed — MLSNOW
• 2026-03-18 Listing Removed — MLSNOW
• 2026-03-18 Listed $139,900 MLSNOW
• 2026-01-03 Listing Removed — MLSNOW
• 2026-01-03 Listed $144,900 MLSNOW
• 2025-12-03 Listed $149,900 MLSNOW
• 2005-09-22 Sold (Public Records) $57,125 Public Records

Property tax history

-2.8%/yr

Latest (2025): $1,006 · +2.0% YoY. Source: county tax records.