516 N Liberty St · Galion, OH 44833

$144,900

3 bd · 1.0 ba · 962 sqft · SingleFamily public records · 53 Days on market

Built 1939 $151/sqft · 56% above area Est $176k · 18% under

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Why this score? — see what drove the F 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).

• ARV discount +15.0/15.0
• Cash flow +5.0/30.0
• Schools +3.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming Cape Cod that blends classic character with everyday comfort. Three bedrooms and one bathroom offer a practical layout, highlighted by the generous upstairs bedroom perfect as a private retreat. Pine wood floors and warmth and timeless appeal throughout. The convenient kitchen and thoughtful floor plan make daily living a breeze. Outside, enjoy a spacious yard and plenty of off-street parking. This solidly built home is ready for its next chapter. Schedule your showing today!

Key facts

• Spacious yard
• Upstairs bedroom
• Off-street parking

Tags

• UPSTAIRS BEDROOM
• SPACIOUS YARD
• OFF-STREET PARKING

Property features AI

Exterior

• Parking: 2-car garage; Gravel parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property
• Construction: Vinyl siding; Composition roof
• Exterior features: Level lot

Interior

• Kitchen: Dishwasher; Refrigerator
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central air conditioning; Forced air heating (natural gas)
• Interior features: Storm windows; Full basement
• Laundry & utility: Laundry in basement; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $-339 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $85k (41.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $72k (50.0% below list).
• Recommended offer: $72k (50.0% below list) — sets the bar for 1% rule.
• Cap rate 3.5% vs local median 4.8% in Galion — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 63/100 on livability (#833 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools C-, amenities F, commute F.
• Galion City (town): math 36% / reading 56% proficiency, ranked #499 of 656 in OH (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 76 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 8 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).
• This rent is only 15% of the median local income ($57k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

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.
• Crawford County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $21k; list at $145k implies a 579% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,390 (50.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 50% concession, seller financing, or rate buy-down credit?
3. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.50% ✗
• Cap rate: 3.48%
• Cash-on-cash: -10.03%
• DSCR: 0.55
• GRM: 16.7

CMA / ARV

• ARV (median comp): $176,183
• List price: $144,900
• Delta: -17.76%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
414 E Church St	0.32mi	2/1.0 (-1)	936 (-3%)	3mo	$18,000	$19	73
360 N Columbus St	0.15mi	2/1.0 (-1)	884 (-8%)	3mo	$129,900	$147	72
134 North Riblet St	0.45mi	2/1.0 (-1)	1,004 (+4%)	2mo	$64,500	$64	65
271 Westgate Rd	0.38mi	3/1.0	1,056 (+10%)	4mo	$167,000	$158	63
128 E Payne Ave	0.24mi	2/1.0 (-1)	1,008 (+5%)	19mo	$134,900	$134	60
123 Carmel Ave	0.42mi	3/1.0	884 (-8%)	13mo	$124,900	$141	56
230 Walker St	0.33mi	2/1.0 (-1)	832 (-14%)	9mo	$121,000	$145	50
120 Buehler St	0.35mi	3/2.0	1,086 (+13%)	23mo	$66,024	$61	39

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: -34.4%
• Equity multiple: -0.11×
• Total profit: $-45,120
• Equity at exit: $21,605

10-year hold

• IRR: -44.4%
• Equity multiple: -0.66×
• Total profit: $-67,278
• Equity at exit: $12,528

Cash invested: $40,572 (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 44833

• Home prices YoY: -27.9%
• Active inventory: 76
• Price-to-rent: 16.7×

Monthly cashflow live

• Estimated rent: $724 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$91 /mo · $1,088/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$152
• Net cashflow: $-339

Break-even live

Break-even rent $1,153

Max offer price $85,003

Occupancy floor —

Sensitivity live

Price	-10% $-257	-5% $-298	+0% $-339	+5% $-380	+10% $-421
Rent	-10% $-396	-5% $-368	+0% $-339	+5% $-310	+10% $-282
Rate	-1.0pp $-266	-0.5pp $-302	base $-339	+0.5pp $-377	+1.0pp $-415

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
331 6th Ave Galion, OH	1.0–2.0	1.0	675	$610	$0.90	44d	1	1.33mi
300 6th Ave Unit 109 Galion, OH	2.0	1.0	775	$825	$1.06	44d	1	1.35mi

Listing history 16 events

1. 2026-06-19
   days on market $144,900 Active 53 DOM
2. 2026-06-18
   days on market $144,900 Active 52 DOM
3. 2026-06-17
   days on market $144,900 Active 51 DOM
4. 2026-06-16
   days on market $144,900 Active 50 DOM
5. 2026-06-15
   days on market $144,900 Active 49 DOM
6. 2026-06-14
   days on market $144,900 Active 47 DOM
7. 2026-06-12
   days on market $144,900 Active 46 DOM
8. 2026-06-09
   days on market $144,900 Active 43 DOM
9. 2026-06-08
   days on market $144,900 Active 42 DOM
10. 2026-06-07
    days on market $144,900 Active 41 DOM
11. 2026-06-02
    days on market $144,900 Active 36 DOM
12. 2026-06-01
    days on market $144,900 Active 35 DOM
13. 2026-05-31
    days on market $144,900 Active 34 DOM
14. 2026-05-30
    days on market $144,900 Active 33 DOM
15. 2026-04-27
    listed $144,900 Active 505-char remark
16. 2008-02-25
    soldstatus $21,333

ⓘ 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: $1,088 · $91/mo
• Projected year-2 tax: $1,674 · $140/mo
• Expected delta: +$586/yr (+$49/mo · 53.8%)

ⓘ 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 ≥98°F today · 17 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: $8,687
• − Mortgage interest: −$8,117
• − Property taxes: −$1,088
• − Insurance: −$724
• − Repairs & maintenance: −$695
• − Management: −$695
• − Depreciation: −$4,215
• Taxable loss: −$6,848
• Est. tax savings @ 24.0%: +$1,643
• After-tax cash flow: $-2,425/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: Galion City
• NCES district ID: 3904402
• Math proficiency: 36% ▼ -12.00%
• Reading proficiency: 56% ▬ 0.00%
• Median HH income: $36,331
• Composite: 38.08/100
• National rank: #4279
• State rank: #499 of 656 in OH

Livability — Galion

• Score: 63/100
• State rank: #833
• US rank: #15587

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Galion, OH
• County: Morrow · 41,908 people
• City population: 16,641
• Metro: Columbus, OH
• Population (ZIP): 16,641
• Household income: $57,234
• Rent vs Own: 34.6% rent · 65.4% own
• Severe rent burden: 3.8

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 39,421 people
• By 2030: 37,656 · -4.5%
• By 2040: 34,043 · -13.6%
• By 2050: 30,617 · -22.3%
• By 2075: 23,652 · -40.0%
• By 2100: 17,786 · -54.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Crawford

• 2024 margin: Solid R (+53.0) · D 23.1% · R 76.1%
• 2008→2024 swing: -33.9pp toward R · 2008: -19.0pp · 2024: -53.0pp
• All cycles: 2024: R+53.0 2020: R+50.9 2016: R+46.8 2012: R+22.7 2008: R+19.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.57%
• Current HPI: 218.195
• 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

+579.2% since first listed

2 events — show timeline

• 2026-04-27 Listed $144,900 MARMLS
• 2008-02-25 Sold (Public Records) $21,333 Public Records

Property tax history

+2.1%/yr

Latest (2025): $1,088 · -0.3% YoY. Source: county tax records.