584 Moull St Unit A · Newark, OH 43055

$80,000

2 bd · 2.0 ba · 1,110 sqft · Condo public records · 1 Days on market

Built 1986 $130/mo HOA · 12% of rent

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Why this score? — see what drove the C+ 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 +26.0/30.0
• 1% rule +8.9/10.0
• DSCR +8.8/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-in-condition! Newer flooring, tastefully decorated, newer lighting, immediate possession! Corner fireplace.

Key facts

• $130 HOA
• Garage
• Built 1986

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $80k.

Deal economics

• At list price, monthly cash flow is $200 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Cap rate 9.3% vs local median 3.2% in Newark — 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 69/100 on livability (#493 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: employment D+, amenities F, commute F.
• Newark City (suburban): math 48% / reading 56% proficiency, ranked #431 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.6%/yr); 204 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 17y 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.

Recommended offer $80,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.39% ✓
• Cap rate: 9.29%
• Cash-on-cash: 10.71%
• DSCR: 1.48
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.63% rent growth · sell at horizon

5-year hold

• IRR: -2.0%
• Equity multiple: 0.93×
• Total profit: $-1,645
• Equity at exit: $11,928

10-year hold

• IRR: 6.0%
• Equity multiple: 1.42×
• Total profit: $9,317
• Equity at exit: $6,917

Cash invested: $22,400 (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 43055

• Rents YoY: 1.6%
• Active inventory: 204
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,110 high
• Mortgage (P&I): −$420
• Tax from tax record: −$94 /mo · $1,133/yr
• Insurance: −$33
• HOA: −$130
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $200

Break-even live

Break-even rent $857

Max offer price $80,000

Occupancy floor 77%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
881 N 21st St Newark, OH	2.0	1.0	822	$900	$1.09	24d	1	0.04mi
448 Moull St Newark, OH	2.0	1.0	768	$1,350	$1.76	24d	1	0.25mi
923 Empire Dr Unit 923D Newark, OH	3.0	1.5	900	$1,195	$1.33	24d	1	0.28mi
925 Empire Dr Unit 925F Newark, OH	2.0	1.5	850	$1,050	$1.24	24d	1	0.30mi
483-503 Catalina Dr Newark, OH	2.0	1.0	800	$1,050	$1.31	7d	1	0.32mi
301 Executive Dr N Newark, OH	2.0–3.0	1.0–1.5	807	$1,050	$1.30	2d	7	0.70mi
39 Charles St Newark, OH	3.0	1.5	1450	$1,649	$1.14	24d	1	1.00mi
202 N 11th St Newark, OH	2.0	1.0	1011	$1,195	$1.18	15d	1	1.02mi
425 Senior Dr E Unit 418C Newark, OH	2.0	1.0	712	$875	$1.23	2d	1	1.03mi
425 Senior Dr E Unit 415D Newark, OH	2.0	1.0	712	$875	$1.23	2d	1	1.03mi
681 Maple Ave Newark, OH	3.0	1.0	1100	$1,599	$1.45	2d	1	1.21mi
73 N 9th St Unit 73 Newark, OH	2.0	1.0	1250	$950	$0.76	24d	1	1.29mi
1420 Londondale Pkwy Unit 911B Newark, OH	2.0	1.0	850	$1,300	$1.53	12d	1	1.39mi
8 N 8th St Unit 2 Newark, OH	3.0	1.0	1400	$1,400	$1.00	24d	1	1.46mi

HOA detail condo

• Monthly dues: $130 · $1,560/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 9 events

1. 2024-12-02
   status Pending
2. 2015-05-20
   soldstatus $80,000
3. 2015-04-15
   historical
4. 2015-04-07
   listed $80,000
5. 2009-09-15
   soldstatus $76,500
6. 2009-09-14
   soldstatus $76,500 112-char remark

   Show marketing remark (112 chars)

   Move-in-condition! Newer flooring, tastefully decorated, newer lighting, immediate possession! Corner fireplace.

7. 2009-09-08
   historical 112-char remark

   Show marketing remark (112 chars)

   Move-in-condition! Newer flooring, tastefully decorated, newer lighting, immediate possession! Corner fireplace.

8. 2009-04-28
   listed $79,900 112-char remark

   Show marketing remark (112 chars)

   Move-in-condition! Newer flooring, tastefully decorated, newer lighting, immediate possession! Corner fireplace.

9. 1996-11-13
   soldstatus $70,900

ⓘ 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: $1,133 · $94/mo
• Projected year-2 tax: $1,190 · $99/mo
• Expected delta: +$58/yr (+$5/mo · 5.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,325
• − Mortgage interest: −$4,481
• − Property taxes: −$1,133
• − Insurance: −$400
• − Repairs & maintenance: −$1,066
• − Management: −$1,066
• − HOA: −$1,560
• − Depreciation: −$2,327
• Taxable income: $1,292
• Est. tax owed @ 24.0%: −$310
• After-tax cash flow: $2,090/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: Newark City
• NCES district ID: 3904445
• Math proficiency: 48% ▼ -12.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $38,662
• Composite: 43.33/100
• National rank: #3034
• State rank: #431 of 656 in OH

Livability — Newark

• Score: 69/100
• State rank: #493
• US rank: #8263

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newark, OH
• County: Licking County · 109,194 people
• City population: 63,281
• Metro: Columbus, OH
• Population (ZIP): 63,281
• Household income: $63,974
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 2269.0

Population outlook (Licking County) Hauer SSP2

• Today (2025): 178,210 people
• By 2030: 180,917 · +1.5%
• By 2040: 183,885 · +3.2%
• By 2050: 182,985 · +2.7%
• By 2075: 178,377 · +0.1%
• By 2100: 161,075 · -9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Black 3% Hispanic / Latino 2%
• 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 · Licking

• 2024 margin: Solid R (+30.0) · D 34.5% · R 64.6%
• 2008→2024 swing: -14.2pp toward R · 2008: -15.8pp · 2024: -30.0pp
• All cycles: 2024: R+30.0 2020: R+28.1 2016: R+28.9 2012: R+14.7 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -253.54%
• Current HPI: 247.9425
• Rent YoY: ▲ 1.63%
• 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

+12.8% since first listed

9 events — show timeline

• 2024-12-02 Pending — CBRMLS
• 2015-05-20 Sold (Public Records) $80,000 Public Records
• 2015-04-15 Listing Removed — CBRMLS
• 2015-04-07 Listed $80,000 CBRMLS
• 2009-09-15 Sold (Public Records) $76,500 Public Records
• 2009-09-14 Sold (MLS) $76,500 CBRMLS
• 2009-09-08 Listing Removed — CBRMLS
• 2009-04-28 Listed $79,900 CBRMLS
• 1996-11-13 Sold (Public Records) $70,900 Public Records

Property tax history

-0.3%/yr

Latest (2025): $1,133 · -22.8% YoY. Source: county tax records.