715 N Zane Hwy · Martins Ferry, OH 43935

$81,000

3 bd · 2.0 ba · 1,904 sqft · MultiFamily public records · 44 Days on market

Built 1900 3,001 sqft lot $43/sqft · 10% above area Est $74k · 10% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• ARV discount +3.0/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Turnkey investment opportunity in a convenient Martins Ferry location! This well-maintained duplex at 715 N Zane Hwy features two 1-bedroom, 1-bathroom units, both currently occupied and rented for $675 each—providing immediate, reliable income from day one. Recent updates offer peace of mind for investors, including a new metal roof installed in 2025 and updated windows in 2018. Shared laundry is accessible in the basement, and each unit is equipped with its own dedicated off-street parking space via a rear parking pad—an added convenience that tenants appreciate. Whether you're expanding your portfolio or stepping into real estate investing, this low-maintenance property offer

Key facts

• New metal roof
• Updated windows
• Convenient location

Tags

• TURNKEY INVESTMENT OPPORTUNITY
• CONVENIENT LOCATION
• WELL MAINTAINED DUPLEX
• NEW METAL ROOF
• UPDATED WINDOWS
• DEDICATED OFF STREET PARKING

Property features AI

Finance

• Financial info: Owner pays water and sewer; tenants pay electricity and gas; Two leased one-bedroom units with current rents of $675 each; Unit 1 lease expires March 1, 2027; Unit 2 lease expires May 1, 2027; One building

Exterior

• Parking: On-street parking; Alley access
• Utilities: Public water; Public sewer
• Home design: Two-story building
• Construction: Vinyl siding exterior; Metal roof; Built according to public records
• Exterior features: Alley access; Concrete surfaces; On-street parking

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Two one-bedroom units (each listed as one bedroom)
• Bathrooms: 2 full bathrooms total; Each unit includes 1 bathroom
• Heating & cooling: Baseboard heating; Electric heating; Forced air heating; Gas heating; Wall/window cooling units
• Interior features: 6 total rooms; Basement with exterior entry
• Laundry & utility: Washer; Dryer located in basement

What this means for you Summary

Snapshot

• This is a 2 × 1-bed/1.0-bath units multifamily listed at $81k.

Deal economics

• At list price, monthly cash flow is $765 ($9k/yr) — positive. Per door: $382/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $81k).
• Recommended offer: $79k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.6% vs local median 8.3% in Martins Ferry — 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 71/100 on livability (#423 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: amenities F, commute F, employment F.
• Martins Ferry City (suburban): math 42% / reading 54% proficiency, ranked #483 of 656 in OH (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 32 active listings in the ZIP; 4 units permitted in Belmont County in 2024 (0 in 5+ unit buildings).
• This rent runs 42% of the median local income ($50k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $560 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Belmont County population projected at -15% 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 $23k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($79k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/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 $78,570 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.16% ✓
• Cap rate: 18.61%
• Cash-on-cash: 43.99%
• DSCR: 2.96
• GRM: 3.9

CMA / ARV

• ARV (median comp): $73,577
• List price: $81,000
• Delta: 10.09%
• Verdict: OVERPRICED
• Comps: 10 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 36.9%
• Equity multiple: 2.57×
• Total profit: $35,654
• Equity at exit: $12,077

10-year hold

• IRR: 43.6%
• Equity multiple: 5.15×
• Total profit: $94,031
• Equity at exit: $7,003

Cash invested: $22,680 (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 43935

• Home prices YoY: -12.7%
• Active inventory: 32
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,750 medium
• Mortgage (P&I): −$425
• Tax from tax record: −$93 /mo · $1,111/yr
• Insurance: −$34
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $765

Break-even live

Break-even rent $782

Max offer price $81,000

Occupancy floor 51%

Sensitivity live

Price	-10% $811	-5% $788	+0% $765	+5% $742	+10% $719
Rent	-10% $627	-5% $696	+0% $765	+5% $834	+10% $903
Rate	-1.0pp $806	-0.5pp $786	base $765	+0.5pp $744	+1.0pp $723

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	1	1	$1,750
Total (2 units)			$1,750

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: $20,250
• Closing costs: $2,430
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $81,000 Active 44 DOM
2. 2026-06-18
   days on market $81,000 Active 43 DOM
3. 2026-06-17
   days on market $81,000 Active 42 DOM
4. 2026-06-16
   days on market $81,000 Active 41 DOM
5. 2026-06-15
   days on market $81,000 Active 40 DOM
6. 2026-06-14
   days on market $81,000 Active 38 DOM
7. 2026-06-12
   days on market $81,000 Active 37 DOM
8. 2026-06-09
   days on market $81,000 Active 34 DOM
9. 2026-06-08
   days on market $81,000 Active 33 DOM
10. 2026-06-07
    days on market $81,000 Active 32 DOM
11. 2026-06-05
    days on market $81,000 Active 29 DOM
12. 2026-06-03
    days on market $81,000 Active 28 DOM
13. 2026-06-02
    days on market $81,000 Active 27 DOM
14. 2026-06-01
    days on market $81,000 Active 26 DOM
15. 2026-05-31
    days on market $81,000 Active 25 DOM
16. 2026-05-30
    days on market $81,000 Active 24 DOM
17. 2026-05-06
    listed $81,000 Active 722-char remark

ⓘ 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: $1,111 · $93/mo
• Projected year-2 tax: $1,187 · $99/mo
• Expected delta: +$76/yr (+$6/mo · 6.9%)

ⓘ 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 3/10 Moderate 7 d/yr ≥97°F today · 19 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: $21,000
• − Mortgage interest: −$4,537
• − Property taxes: −$1,111
• − Insurance: −$1,202
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − Depreciation: −$2,356
• Taxable income: $8,433
• Est. tax owed @ 24.0%: −$2,024
• After-tax cash flow: $7,155/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: Martins Ferry City
• NCES district ID: 3904434
• Math proficiency: 42% ▼ -23.00%
• Reading proficiency: 54% ▼ -9.00%
• Median HH income: $37,566
• Composite: 39.89/100
• National rank: #3859
• State rank: #483 of 656 in OH

Livability — Martins Ferry

• Score: 71/100
• State rank: #423
• US rank: #6917

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Martins Ferry, OH
• County: Belmont · 63,139 people
• Metro: Wheeling, WV-OH
• Population (ZIP): 7,918
• Household income: $50,109
• Rent vs Own: 35.0% rent · 65.0% own
• Severe rent burden: 2.2

Population outlook (Belmont County) Hauer SSP2

• Today (2025): 66,568 people
• By 2030: 64,818 · -2.6%
• By 2040: 60,702 · -8.8%
• By 2050: 56,427 · -15.2%
• By 2075: 46,222 · -30.6%
• By 2100: 34,611 · -48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 8% Black 5% Asian 3%
• Common ancestry: Romanian 4% Serbian 1% Lithuanian 1%
• Foreign-born: 2% · China
• Languages at home: 98% English-only · Spanish 1% Chinese 1% German/W. Germanic 1%

Political lean MEDSL · Belmont

• 2024 margin: Solid R (+47.3) · D 26.0% · R 73.3%
• 2008→2024 swing: -50.0pp toward R · 2008: 2.7pp · 2024: -47.3pp
• All cycles: 2024: R+47.3 2020: R+43.6 2016: R+39.5 2012: R+8.4 2008: D+2.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -25.06%
• Current HPI: 172.1787
• 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

1 event — show timeline

• 2026-05-06 Listed $81,000 MLSNOW

Property tax history

+6.1%/yr

Latest (2025): $1,111 · +1.4% YoY. Source: county tax records.