1414 Cedar Hill Rd · Lancaster, OH 43130

$199,900

3 bd · 1.0 ba · 1,476 sqft · SingleFamily public records · 177 Days on market

Built 1920 4,356 sqft lot $135/sqft · at area comps Est $191k · at est.

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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 +15.7/30.0
• ARV discount +5.5/15.0
• DSCR +4.8/10.0
• Livability +4.3/5.0
• Rent growth +3.8/5.0
• 1% rule +3.7/10.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming and well-maintained 3-bedroom, 2-bath home featuring newer LVT flooring throughout and a spacious primary suite with an ensuite bath and walk-in shower. Enjoy the convenience of first-floor laundry and a welcoming covered front porch—perfect for morning coffee or evening unwinding. The detached one-car garage with carport offers flexible parking and doubles as covered outdoor living space ideal for entertaining. Recent updates include a newer hot water heater, updated windows, a newer garage door with opener, and refreshed overhead lighting. A solid, move-in-ready home with thoughtful improvements throughout.

Key facts

• Covered front porch
• Ensuite bath
• Walk-in shower

Tags

• NEWER LVT FLOORING
• SPACIOUS PRIMARY SUITE
• ENSUITE BATH
• WALK-IN SHOWER
• FIRST-FLOOR LAUNDRY
• COVERED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/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 $175k (12.6% below list).
• Recommended offer: $175k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.2% in Lancaster — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#41 in OH, #423 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D, employment D.
• Lancaster City (town): math 38% / reading 51% proficiency, ranked #504 of 656 in OH (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Gorsuch West Elementary School (math 31% / reading 42%, grade F, #1,105 of 1,584 statewide, top 70%, 580 students, 73% FRL); General Sherman Junior High School (math 42% / reading 47%, grade D, #477 of 654 statewide, top 74%, 707 students, 56% FRL); Lancaster High School (math 35% / reading 65%, grade D+, #384 of 781 statewide, top 49%, 1,848 students, 53% FRL).
• Market conditions: Rents rising fast (+5.2%/yr); 201 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 475 units permitted in Fairfield 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 $6k of value loss. Plan a longer hold.
• Fairfield County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 177 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $28k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $200k implies a 471% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $174,758 (12.6% below list)

Questions for the listing agent

1. It's been on market 177 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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?
7. 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.
8. 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.
9. 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: 0.87% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.90%
• DSCR: 1.08
• GRM: 9.5

CMA / ARV

• ARV (median comp): $191,364
• List price: $199,900
• Delta: 4.46%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
104 S Pierce Ave	0.22mi	3/2.0	1,524 (+3%)	4mo	$125,000	$82	77
401 Busby Ave	0.29mi	3/1.5	1,612 (+9%)	5mo	$255,000	$158	65
404 Miller Ave	0.30mi	3/2.0	1,320 (-11%)	4mo	$143,000	$108	61
145 Alameda Ct	0.58mi	3/2.0	1,525 (+3%)	6mo	$259,000	$170	59
461 N Shoshone Dr	0.53mi	3/1.0	1,300 (-12%)	4mo	$151,500	$117	52
701 W Wheeling St	0.46mi	4/1.5 (+1)	1,646 (+12%)	1mo	$120,000	$73	52
215 Harrison Ave	0.41mi	2/1.0 (-1)	1,300 (-12%)	7mo	$145,000	$112	50
520 W Wheeling St	0.57mi	3/1.0	1,288 (-13%)	4mo	$110,000	$85	49
426 Alison Ct	0.64mi	3/2.0	1,592 (+8%)	5mo	$304,000	$191	49
1232 Mary Francis Ct	0.72mi	3/2.0	1,608 (+9%)	5mo	$324,900	$202	43
970 Elizabeth Dr	0.43mi	4/2.0 (+1)	1,680 (+14%)	6mo	$260,000	$155	43
453 Bren Dr	0.66mi	3/2.0	1,672 (+13%)	2mo	$305,000	$182	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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: -11.0%
• Equity multiple: 0.59×
• Total profit: $-22,795
• Equity at exit: $29,806

10-year hold

• IRR: 1.0%
• Equity multiple: 1.08×
• Total profit: $4,427
• Equity at exit: $17,284

Cash invested: $55,972 (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 43130

• Rents YoY: 5.2%
• Active inventory: 201
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,748 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$161 /mo · $1,926/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $88

Break-even live

Break-even rent $1,636

Max offer price $199,900

Occupancy floor 90%

Sensitivity live

Price	-10% $202	-5% $145	+0% $88	+5% $32	+10% $-25
Rent	-10% $-50	-5% $19	+0% $88	+5% $158	+10% $227
Rate	-1.0pp $189	-0.5pp $139	base $88	+0.5pp $37	+1.0pp $-16

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
421 Washington Ave Lancaster, OH	4.0	1.0	1296	$1,650	$1.27	14d	1	0.46mi
219 N Columbus St Unit 231 Lancaster, OH	2.0	2.0	975	$1,735	$1.78	45d	1	0.97mi
219 N Columbus St Unit 205 Lancaster, OH	2.0	2.0	1103	$1,875	$1.70	45d	1	0.97mi
219 N Columbus St Lancaster, OH	1.0–2.0	1.0–2.0	1184	$1,895	$1.60	0d	31	0.97mi
532 N Columbus St Unit A Lancaster, OH	2.0	1.0	1300	$1,550	$1.19	45d	1	1.09mi
1508 Greyfield ST Lancaster, OH	1.0–3.0	1.0–2.0	953	$1,869	$1.96	0d	1	1.14mi
1733 Bellmeadow Dr Lancaster, OH	1.0–3.0	1.0–2.5	993	$1,855	$1.87	0d	10	1.37mi
635 N High St Lancaster, OH	3.0	2.0	1608	$2,200	$1.37	45d	1	1.40mi

Listing history 24 events

1. 2026-06-21
   days on market $199,900 Active 177 DOM
2. 2026-06-18
   days on market $199,900 Active 174 DOM
3. 2026-06-17
   days on market $199,900 Active 173 DOM
4. 2026-06-16
   days on market $199,900 Active 172 DOM
5. 2026-06-15
   days on market $199,900 Active 171 DOM
6. 2026-06-13
   days on market $199,900 Active 169 DOM
7. 2026-06-09
   days on market $199,900 Active 165 DOM
8. 2026-06-08
   days on market $199,900 Active 164 DOM
9. 2026-06-07
   days on market $199,900 Active 163 DOM
10. 2026-06-03
    days on market $199,900 Active 159 DOM
11. 2026-06-02
    days on market $199,900 Active 158 DOM
12. 2026-06-01
    pricedays on market $199,900 Active 157 DOM
13. 2026-05-31
    days on market $210,000 Active 156 DOM
14. 2026-04-20
    price $210,000 631-char remark

    Show marketing remark (631 chars)

    Charming and well-maintained 3-bedroom, 2-bath home featuring newer LVT flooring throughout and a spacious primary suite with an ensuite bath and walk-in shower. Enjoy the convenience of first-floor laundry and a welcoming covered front porch—perfect for morning coffee or evening unwinding. The detached one-car garage with carport offers flexible parking and doubles as covered outdoor living space ideal for entertaining. Recent updates include a newer hot water heater, updated windows, a newer garage door with opener, and refreshed overhead lighting. A solid, move-in-ready home with thoughtful improvements throughout.

15. 2026-03-20
    status Active 631-char remark

    Show marketing remark (631 chars)

    Charming and well-maintained 3-bedroom, 2-bath home featuring newer LVT flooring throughout and a spacious primary suite with an ensuite bath and walk-in shower. Enjoy the convenience of first-floor laundry and a welcoming covered front porch—perfect for morning coffee or evening unwinding. The detached one-car garage with carport offers flexible parking and doubles as covered outdoor living space ideal for entertaining. Recent updates include a newer hot water heater, updated windows, a newer garage door with opener, and refreshed overhead lighting. A solid, move-in-ready home with thoughtful improvements throughout.

16. 2026-03-10
    historical Contingent 631-char remark

    Show marketing remark (631 chars)

    Charming and well-maintained 3-bedroom, 2-bath home featuring newer LVT flooring throughout and a spacious primary suite with an ensuite bath and walk-in shower. Enjoy the convenience of first-floor laundry and a welcoming covered front porch—perfect for morning coffee or evening unwinding. The detached one-car garage with carport offers flexible parking and doubles as covered outdoor living space ideal for entertaining. Recent updates include a newer hot water heater, updated windows, a newer garage door with opener, and refreshed overhead lighting. A solid, move-in-ready home with thoughtful improvements throughout.

17. 2026-02-09
    price $219,900 631-char remark

    Show marketing remark (631 chars)

    Charming and well-maintained 3-bedroom, 2-bath home featuring newer LVT flooring throughout and a spacious primary suite with an ensuite bath and walk-in shower. Enjoy the convenience of first-floor laundry and a welcoming covered front porch—perfect for morning coffee or evening unwinding. The detached one-car garage with carport offers flexible parking and doubles as covered outdoor living space ideal for entertaining. Recent updates include a newer hot water heater, updated windows, a newer garage door with opener, and refreshed overhead lighting. A solid, move-in-ready home with thoughtful improvements throughout.

18. 2026-01-08
    price $224,900 631-char remark

    Show marketing remark (631 chars)

    Charming and well-maintained 3-bedroom, 2-bath home featuring newer LVT flooring throughout and a spacious primary suite with an ensuite bath and walk-in shower. Enjoy the convenience of first-floor laundry and a welcoming covered front porch—perfect for morning coffee or evening unwinding. The detached one-car garage with carport offers flexible parking and doubles as covered outdoor living space ideal for entertaining. Recent updates include a newer hot water heater, updated windows, a newer garage door with opener, and refreshed overhead lighting. A solid, move-in-ready home with thoughtful improvements throughout.

19. 2025-12-26
    listed $227,900 Active 631-char remark

    Show marketing remark (631 chars)

    Charming and well-maintained 3-bedroom, 2-bath home featuring newer LVT flooring throughout and a spacious primary suite with an ensuite bath and walk-in shower. Enjoy the convenience of first-floor laundry and a welcoming covered front porch—perfect for morning coffee or evening unwinding. The detached one-car garage with carport offers flexible parking and doubles as covered outdoor living space ideal for entertaining. Recent updates include a newer hot water heater, updated windows, a newer garage door with opener, and refreshed overhead lighting. A solid, move-in-ready home with thoughtful improvements throughout.

20. 2012-07-25
    historical
21. 2012-03-22
    listed $79,900
22. 2011-10-07
    historical
23. 2011-03-19
    listed $60,000
24. 1991-09-24
    soldstatus $35,000

ⓘ 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: $1,926 · $161/mo
• Projected year-2 tax: $2,522 · $210/mo
• Expected delta: +$596/yr (+$50/mo · 31.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°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: $20,971
• − Mortgage interest: −$11,198
• − Property taxes: −$1,926
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,678
• − Management: −$1,678
• − Depreciation: −$5,815
• Taxable loss: −$2,323
• Est. tax savings @ 24.0%: +$557
• After-tax cash flow: $1,619/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: Lancaster City
• NCES district ID: 3904420
• Math proficiency: 38% ▼ -21.00%
• Reading proficiency: 51% ▼ -11.00%
• Median HH income: $41,696
• Composite: 37.39/100
• National rank: #4427
• State rank: #504 of 656 in OH

Livability — Lancaster

• Score: 86/100
• State rank: #41
• US rank: #423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lancaster, OH
• County: Fairfield County · 109,896 people
• City population: 62,933
• Metro: Columbus, OH
• Population (ZIP): 62,933
• Household income: $72,153
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 1400.0

Population outlook (Fairfield County) Hauer SSP2

• Today (2025): 162,442 people
• By 2030: 166,796 · +2.7%
• By 2040: 172,835 · +6.4%
• By 2050: 174,822 · +7.6%
• By 2075: 174,938 · +7.7%
• By 2100: 160,988 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 2% Black 2%
• Common ancestry: Slovak 2% Italian 1% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Fairfield

• 2024 margin: Strong R (+24.1) · D 37.5% · R 61.6%
• 2008→2024 swing: -6.9pp toward R · 2008: -17.1pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.5 2016: R+27.0 2012: R+16.1 2008: R+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -298.81%
• Current HPI: 239.6352
• Rent YoY: ▲ 5.22%
• Metro: Columbus, 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

+500.0% since first listed

11 events — show timeline

• 2026-04-20 Price Changed $210,000 CBRMLS
• 2026-03-20 Relisted — CBRMLS
• 2026-03-10 Contingent — CBRMLS
• 2026-02-09 Price Changed $219,900 CBRMLS
• 2026-01-08 Price Changed $224,900 CBRMLS
• 2025-12-26 Listed $227,900 CBRMLS
• 2012-07-25 Listing Removed — CBRMLS
• 2012-03-22 Listed $79,900 CBRMLS
• 2011-10-07 Listing Removed — CBRMLS
• 2011-03-19 Listed $60,000 CBRMLS
• 1991-09-24 Sold (Public Records) $35,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $1,926 · +20.2% YoY. Source: county tax records.