790 Merkle Ave · Marion, OH 43302

$125,000

2 bd · 3.0 ba · 988 sqft · SingleFamily public records · 49 Days on market

Built 1920 5,662 sqft lot $127/sqft · at area comps Est $127k · 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 +17.0/30.0
• ARV discount +8.3/15.0
• DSCR +5.3/10.0
• 1% rule +3.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 bedroom 2 bath home with a nice yard and rear garage. Ready for new owners to add your own cosmetic touch and call HOME.

Key facts

• Metal roof
• New lvp flooring
• New electrical panel

Tags

• OPEN-CONCEPT LAYOUT
• NEW LVP FLOORING
• FULL WALKUP UNFINISHED ATTIC
• METAL ROOF
• NEW ELECTRICAL WIRING
• NEW ELECTRICAL PANEL

Property features AI

Exterior

• Parking: Detached garage; 2 garage spaces; Garage door opener
• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Built in 1920; No shared/common walls
• Construction: Block foundation
• Exterior features: Fenced yard

Interior

• Bedrooms: 2 main-level bedrooms
• Flooring: Wood flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Window-unit cooling
• Interior features: Full basement; Living area approximately 988

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $84 ($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 $111k (11.1% below list).
• Recommended offer: $111k (11.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 65/100 on livability (#704 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• Marion City (town): math 22% / reading 31% proficiency, ranked #600 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: William Mckinley Elementary School (math 12% / reading 27%, grade F, #1,293 of 1,584 statewide, top 83%, 348 students, 0% FRL); Ulysses S. Grant Middle School (math 22% / reading 25%, grade F, #597 of 654 statewide, top 92%, 998 students, 0% FRL); Harding High School (math 16% / reading 36%, grade F, #636 of 781 statewide, top 82%, 1,050 students, 0% FRL) — zoned schools average 0% FRL vs 67% district-wide (67 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 212 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Marion County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago 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 $65k; list at $125k implies a 92% 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 $111,186 (11.1% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 11% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.89% ✗
• Cap rate: 7.10%
• Cash-on-cash: 2.89%
• DSCR: 1.13
• GRM: 9.4

CMA / ARV

• ARV (median comp): $127,218
• List price: $125,000
• Delta: -1.74%
• 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
950 Oak Grove Ave	0.29mi	2/1.0	960 (-3%)	3mo	$134,000	$140	71
981 Bellefontaine Ave	0.15mi	3/1.0 (+1)	950 (-4%)	6mo	$85,000	$89	69
570 W Lawn Dr	0.35mi	2/1.0	1,014 (+3%)	6mo	$60,050	$59	66
982 Oak Grove Ave	0.33mi	3/1.0 (+1)	958 (-3%)	2mo	$150,000	$157	66
796 Woodrow Ave	0.07mi	2/1.0	1,120 (+13%)	7mo	$110,000	$98	61
981 Davids St	0.29mi	3/1.0 (+1)	1,056 (+7%)	2mo	$110,000	$104	60
989 Davids St	0.29mi	2/1.0	1,064 (+8%)	6mo	$120,000	$113	60
850 Oak Grove Ave	0.20mi	2/1.0	852 (-14%)	7mo	$50,000	$59	54
804 Vancouver Dr	0.41mi	3/1.0 (+1)	864 (-13%)	2mo	$130,000	$150	46
407 Latourette St	0.62mi	2/1.0	900 (-9%)	7mo	$142,000	$158	42
807 Daffodil Dr	0.50mi	3/1.0 (+1)	864 (-13%)	6mo	$155,000	$179	38
329 Mound St	0.73mi	2/1.0	1,112 (+13%)	3mo	$29,900	$27	34

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: -11.8%
• Equity multiple: 0.57×
• Total profit: $-14,907
• Equity at exit: $18,638

10-year hold

• IRR: -2.6%
• Equity multiple: 0.82×
• Total profit: $-6,167
• Equity at exit: $10,808

Cash invested: $35,000 (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 43302

• Home prices YoY: -33.9%
• Active inventory: 212
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,112 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$86 /mo · $1,037/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $84

Break-even live

Break-even rent $1,005

Max offer price $125,000

Occupancy floor 87%

Sensitivity live

Price	-10% $155	-5% $120	+0% $84	+5% $49	+10% $14
Rent	-10% $-3	-5% $40	+0% $84	+5% $128	+10% $172
Rate	-1.0pp $147	-0.5pp $116	base $84	+0.5pp $52	+1.0pp $19

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
133 Garden St Unit 131 Marion, OH	2.0	1.0	752	$900	$1.20	45d	1	1.13mi

Listing history 20 events

1. 2026-06-16
   status $125,000 Pending 49 DOM
2. 2026-06-15
   days on market $125,000 Active 49 DOM
3. 2026-06-14
   days on market $125,000 Active 47 DOM
4. 2026-06-12
   days on market $125,000 Active 46 DOM
5. 2026-06-09
   days on market $125,000 Active 43 DOM
6. 2026-06-08
   days on market $125,000 Active 42 DOM
7. 2026-06-07
   days on market $125,000 Active 41 DOM
8. 2026-06-05
   days on market $125,000 Active 38 DOM
9. 2026-06-03
   days on market $125,000 Active 37 DOM
10. 2026-06-02
    days on market $125,000 Active 36 DOM
11. 2026-06-01
    days on market $125,000 Active 35 DOM
12. 2026-05-31
    days on market $125,000 Active 34 DOM
13. 2026-05-30
    days on market $125,000 Active 33 DOM
14. 2026-05-14
    status Active 1141-char remark
15. 2026-05-04
    status Pending 1141-char remark
16. 2026-04-17
    listed $125,000 Active 1141-char remark
17. 2022-02-15
    soldstatus $65,000
18. 2022-02-10
    soldstatus $65,000 Closed 122-char remark

    Show marketing remark (122 chars)

    2 bedroom 2 bath home with a nice yard and rear garage. Ready for new owners to add your own cosmetic touch and call HOME.

19. 2022-01-10
    historical Contingent Finance and Inspection 122-char remark

    Show marketing remark (122 chars)

    2 bedroom 2 bath home with a nice yard and rear garage. Ready for new owners to add your own cosmetic touch and call HOME.

20. 2022-01-06
    listed $69,900 Active 122-char remark

    Show marketing remark (122 chars)

    2 bedroom 2 bath home with a nice yard and rear garage. Ready for new owners to add your own cosmetic touch and call HOME.

ⓘ 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: $1,037 · $86/mo
• Projected year-2 tax: $1,493 · $124/mo
• Expected delta: +$457/yr (+$38/mo · 44.0%)

ⓘ 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
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,342
• − Mortgage interest: −$7,002
• − Property taxes: −$1,037
• − Insurance: −$625
• − Repairs & maintenance: −$1,067
• − Management: −$1,067
• − Depreciation: −$3,636
• Taxable loss: −$1,092
• Est. tax savings @ 24.0%: +$262
• After-tax cash flow: $1,275/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: Marion City
• NCES district ID: 3904433
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $32,327
• Composite: 21.58/100
• National rank: #8306
• State rank: #600 of 656 in OH

Livability — Marion

• Score: 65/100
• State rank: #704
• US rank: #12605

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, OH
• County: Marion County · 53,702 people
• City population: 53,702
• Metro: Marion, OH
• Population (ZIP): 53,702
• Household income: $55,057
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1554.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.52%
• Current HPI: 223.5344
• Rent YoY: —
• Metro: Marion, 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

+78.8% since first listed

8 events — show timeline

• 2026-06-15 Pending — CBRMLS
• 2026-05-14 Relisted — CBRMLS
• 2026-05-04 Pending — CBRMLS
• 2026-04-17 Listed $125,000 CBRMLS
• 2022-02-15 Sold (Public Records) $65,000 Public Records
• 2022-02-10 Sold (MLS) $65,000 CBRMLS
• 2022-01-10 Contingent — CBRMLS
• 2022-01-06 Listed $69,900 CBRMLS

Property tax history

+7.9%/yr

Latest (2025): $1,037 · +0.0% YoY. Source: county tax records.