8055 Lock Rd · Centerburg, OH 43011

$150,000

3 bd · 1.0 ba · 1,118 sqft · SingleFamily public records · 5 Days on market

Built 1910 0.32 ac lot Est $267k · 44% 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 +28.6/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.4/10.0
• Schools +5.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Pay no attention to the price. Being sold at public auction November 3, 2012 at 10:00 am. Three bedroom, 1 bath, 1 1/2 story frame house with a 2 1/2 car detached garage. Home needs work but you can help yourself here. Vinyl siding, standing seam roof, and large deck. Property being sold ''AS IS'' with no warranties expressed or implied.

Key facts

• 0.32 acre lot
• 4 garage spots
• Built 1910

Property features AI

Exterior

• Parking: Detached garage with 4 car spaces
• Utilities: Well water; Private sewer
• Home design: Single family residence; Built in 1910; One and one-half stories; No common walls
• Construction: Stone foundation
• Exterior features: Deck

Interior

• Bedrooms: One main-level bedroom
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Cellar basement; Living area 1,118 (source: Realist)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $497 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

Location & tenants

• Location reads 72/100 on livability (#367 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Centerburg Local (rural): math 60% / reading 71% proficiency, ranked #183 of 656 in OH (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: 28 active listings in the ZIP; solid renter incomes; 195 units permitted in Knox County in 2024 (0 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 $4k of value loss. Plan a longer hold.
• Knox County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $22k; list at $150k implies a 582% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1910 — 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 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?
4. 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.
5. 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.
6. 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: 1.24% ✓
• Cap rate: 10.27%
• Cash-on-cash: 14.20%
• DSCR: 1.63
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $267,202
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7738 Lock Rd	0.35mi	2/1.0 (-1)	1,086 (-3%)	4mo	$260,000	$239	71

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: 4.5%
• Equity multiple: 1.17×
• Total profit: $7,333
• Equity at exit: $22,365

10-year hold

• IRR: 14.0%
• Equity multiple: 2.12×
• Total profit: $47,090
• Equity at exit: $12,969

Cash invested: $42,000 (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 43011

• Home prices YoY: -26.0%
• Active inventory: 28
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,856 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$120 /mo · $1,440/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $497

Break-even live

Break-even rent $1,227

Max offer price $150,000

Occupancy floor 68%

Sensitivity live

Price	-10% $582	-5% $539	+0% $497	+5% $455	+10% $412
Rent	-10% $350	-5% $424	+0% $497	+5% $570	+10% $644
Rate	-1.0pp $573	-0.5pp $535	base $497	+0.5pp $458	+1.0pp $419

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $150,000 Active 5 DOM
2. 2026-06-17
   pricestatusdays on market $150,000 Active 4 DOM
3. 2026-06-16
   days on market $260,000 Contingent 11 DOM
4. 2026-06-15
   days on market $260,000 Contingent 10 DOM
5. 2026-06-13
   days on market $260,000 Contingent 8 DOM
6. 2026-06-13
   days on market $260,000 Contingent 7 DOM
7. 2026-06-10
   status $260,000 Contingent 4 DOM
8. 2026-06-09
   days on market $260,000 Active 4 DOM
9. 2026-06-08
   days on market $260,000 Active 3 DOM
10. 2026-06-07
    statusdays on market $260,000 Active 2 DOM
11. 2026-06-05
    days on market $260,000 Coming Soon 15 DOM
12. 2026-06-03
    days on market $260,000 Coming Soon 14 DOM
13. 2026-06-02
    days on market $260,000 Coming Soon 13 DOM
14. 2026-06-01
    days on market $260,000 Coming Soon 12 DOM
15. 2026-05-31
    days on market $260,000 Coming Soon 11 DOM
16. 2026-05-20
    historical $260,000
17. 2012-11-28
    soldstatus $22,000
18. 2012-11-27
    soldstatus $22,000 339-char remark

    Show marketing remark (339 chars)

    Pay no attention to the price. Being sold at public auction November 3, 2012 at 10:00 am. Three bedroom, 1 bath, 1 1/2 story frame house with a 2 1/2 car detached garage. Home needs work but you can help yourself here. Vinyl siding, standing seam roof, and large deck. Property being sold ''AS IS'' with no warranties expressed or implied.

19. 2012-10-06
    listed $22,000 339-char remark

    Show marketing remark (339 chars)

    Pay no attention to the price. Being sold at public auction November 3, 2012 at 10:00 am. Three bedroom, 1 bath, 1 1/2 story frame house with a 2 1/2 car detached garage. Home needs work but you can help yourself here. Vinyl siding, standing seam roof, and large deck. Property being sold ''AS IS'' with no warranties expressed or implied.

ⓘ 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: $1,440 · $120/mo
• Projected year-2 tax: $1,890 · $157/mo
• Expected delta: +$450/yr (+$38/mo · 31.3%)

ⓘ 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 ≥97°F today · 18 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,269
• − Mortgage interest: −$8,402
• − Property taxes: −$1,440
• − Insurance: −$750
• − Repairs & maintenance: −$1,782
• − Management: −$1,782
• − Depreciation: −$4,364
• Taxable income: $3,751
• Est. tax owed @ 24.0%: −$900
• After-tax cash flow: $5,064/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: Centerburg Local
• NCES district ID: 3904782
• Math proficiency: 60% ▼ -12.00%
• Reading proficiency: 71% ▼ -4.00%
• Median HH income: $65,410
• Composite: 57.07/100
• National rank: #1105
• State rank: #183 of 656 in OH

Livability — Centerburg

• Score: 72/100
• State rank: #367
• US rank: #5932

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Knox · 63,297 people
• Population (ZIP): 6,978
• Household income: $97,929
• Rent vs Own: 9.2% rent · 90.8% own
• Severe rent burden: 8.4

Population outlook (Knox County) Hauer SSP2

• Today (2025): 60,036 people
• By 2030: 58,670 · -2.3%
• By 2040: 54,963 · -8.4%
• By 2050: 51,353 · -14.5%
• By 2075: 43,196 · -28.0%
• By 2100: 34,514 · -42.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3%
• Common ancestry: Slovak 5% Romanian 2% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+44.9) · D 27.1% · R 72.0%
• 2008→2024 swing: -25.0pp toward R · 2008: -19.9pp · 2024: -44.9pp
• All cycles: 2024: R+44.9 2020: R+43.8 2016: R+38.2 2012: R+24.3 2008: R+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -110.67%
• Current HPI: 314.3209
• 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

+1081.8% since first listed

4 events — show timeline

• 2026-05-20 Coming Soon $260,000 CBRMLS
• 2012-11-28 Sold (Public Records) $22,000 Public Records
• 2012-11-27 Sold (MLS) $22,000 CBRMLS
• 2012-10-06 Listed $22,000 CBRMLS

Property tax history

+7.0%/yr

Latest (2025): $1,440 · +5.0% YoY. Source: county tax records.