20143 Main St · Marseilles, OH 43351

$94,500

3 bd · 1.0 ba · 1,260 sqft · SingleFamily public records · 6 Days on market

Built 1960 0.40 ac lot

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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 +24.4/30.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• Appreciation +6.4/10.0
• 1% rule +5.4/10.0
• Schools +5.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Investment opportunity in Marseilles, Ohio! This three-bedroom home on a spacious double lot offers endless potential for investors, contractors, or buyers looking for an affordable fixer-upper. Whether you're searching for a rehab property, rental investment, starter home renovation, or your next real estate project, this property is packed with possibilities. Bring your vision, tools, and creativity to transform this home into a beautiful residence or income-producing property. The oversized double lot provides valuable space for outdoor living, a garage, workshop, garden, or future expansion. With strong potential for added value, this property is ideal for buyers seeking sweat equity and long-term investment opportunities. Located in the peaceful community of Marseilles, near Upper Sandusky, this property offers small-town living with convenient access to local amenities. If you've been looking for a fixer-upper with room to grow, this could be the opportunity you've been waiting for. Schedule your showing today and discover the potential of this Marseilles, Ohio real estate opportunity.

Key facts

• Garden
• Future expansion
• Garage

Tags

• DOUBLE LOT
• OUTDOOR LIVING
• GARAGE
• WORKSHOP
• GARDEN
• FUTURE EXPANSION

Property features AI

Finance

• Other: Standard listing conditions

Exterior

• Parking: Detached garage (1 car)
• Utilities: Private sewer; Well water
• Home design: Single-family residence; One story; No shared/common walls; Built in 1960; Located in Village/Marseilles township
• Construction: Block foundation; Built in 1960
• Exterior features: Block foundation; Approximately 0.4-acre lot

Interior

• Bedrooms: Three main-level bedrooms
• Bathrooms: One full bathroom
• Heating & cooling: Baseboard electric heating
• Interior features: Living area approximately 1,260

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $94k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($980 rent vs $94k).

Location & tenants

• Location reads 62/100 on livability (#900 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, schools F, amenities F.
• Upper Sandusky Exempted Village (town): math 60% / reading 64% proficiency, ranked #268 of 656 in OH (top 41%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 41 active listings in the ZIP; 20 units permitted in Wyandot County in 2024 (0 in 5+ unit buildings).
• This rent is only 16% of the median local income ($72k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $3k of equity ($653 loan paydown + $3k appreciation (2.9% local appreciation)).
• Wyandot County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.9% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 3y 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 $94,500

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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 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: 1.04% ✓
• Cap rate: 8.73%
• Cash-on-cash: 8.70%
• DSCR: 1.39
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.86% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.3%
• Equity multiple: 1.86×
• Total profit: $22,871
• Equity at exit: $41,749

10-year hold

• IRR: 17.0%
• Equity multiple: 3.46×
• Total profit: $65,149
• Equity at exit: $63,768

Cash invested: $26,460 (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 43351

• Home prices YoY: 0.8%
• Active inventory: 41
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $980 medium
• Mortgage (P&I): −$496
• Tax from tax record: −$48 /mo · $574/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $192

Break-even live

Break-even rent $738

Max offer price $94,500

Occupancy floor 75%

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: $23,625
• Closing costs: $2,835
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   days on market $94,500 Active 6 DOM
2. 2026-06-17
   days on market $94,500 Active 5 DOM
3. 2026-06-16
   days on market $94,500 Active 4 DOM
4. 2026-06-15
   days on market $94,500 Active 3 DOM
5. 2026-06-12
   remarks 699-char remark

   Show marketing remark (1108 chars)

   Investment opportunity in Marseilles, Ohio! This three-bedroom home on a spacious double lot offers endless potential for investors, contractors, or buyers looking for an affordable fixer-upper. Whether you're searching for a rehab property, rental investment, starter home renovation, or your next real estate project, this property is packed with possibilities. Bring your vision, tools, and creativity to transform this home into a beautiful residence or income-producing property. The oversized double lot provides valuable space for outdoor living, a garage, workshop, garden, or future expansion. With strong potential for added value, this property is ideal for buyers seeking sweat equity and long-term investment opportunities. Located in the peaceful community of Marseilles, near Upper Sandusky, this property offers small-town living with convenient access to local amenities. If you've been looking for a fixer-upper with room to grow, this could be the opportunity you've been waiting for. Schedule your showing today and discover the potential of this Marseilles, Ohio real estate opportunity.

6. 2026-06-12
   listed $94,500 Active 1 DOM

   Show marketing remark (1108 chars)

   Investment opportunity in Marseilles, Ohio! This three-bedroom home on a spacious double lot offers endless potential for investors, contractors, or buyers looking for an affordable fixer-upper. Whether you're searching for a rehab property, rental investment, starter home renovation, or your next real estate project, this property is packed with possibilities. Bring your vision, tools, and creativity to transform this home into a beautiful residence or income-producing property. The oversized double lot provides valuable space for outdoor living, a garage, workshop, garden, or future expansion. With strong potential for added value, this property is ideal for buyers seeking sweat equity and long-term investment opportunities. Located in the peaceful community of Marseilles, near Upper Sandusky, this property offers small-town living with convenient access to local amenities. If you've been looking for a fixer-upper with room to grow, this could be the opportunity you've been waiting for. Schedule your showing today and discover the potential of this Marseilles, Ohio real estate opportunity.

ⓘ 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: $574 · $48/mo
• Projected year-2 tax: $1,024 · $85/mo
• Expected delta: +$450/yr (+$38/mo · 78.5%)

ⓘ 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 · 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,765
• − Mortgage interest: −$5,293
• − Property taxes: −$574
• − Insurance: −$472
• − Repairs & maintenance: −$941
• − Management: −$941
• − Depreciation: −$2,749
• Taxable income: $794
• Est. tax owed @ 24.0%: −$190
• After-tax cash flow: $2,111/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: Upper Sandusky Exempted Village
• NCES district ID: 3910024
• Math proficiency: 60% ▼ -7.00%
• Reading proficiency: 64% ▼ -7.00%
• Median HH income: $44,745
• Composite: 52.22/100
• National rank: #1603
• State rank: #268 of 656 in OH

Livability — Marseilles

• Score: 62/100
• State rank: #900
• US rank: #17009

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marseilles, OH
• County: Wyandot · 23,050 people
• Population (ZIP): 10,568
• Household income: $71,748
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 3.6

Population outlook (Wyandot County) Hauer SSP2

• Today (2025): 21,485 people
• By 2030: 20,883 · -2.8%
• By 2040: 19,425 · -9.6%
• By 2050: 17,815 · -17.1%
• By 2075: 14,208 · -33.9%
• By 2100: 10,744 · -50.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Serbian 5% Slovak 2% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Wyandot

• 2024 margin: Solid R (+51.2) · D 24.0% · R 75.2%
• 2008→2024 swing: -34.7pp toward R · 2008: -16.5pp · 2024: -51.2pp
• All cycles: 2024: R+51.2 2020: R+50.3 2016: R+46.8 2012: R+20.4 2008: R+16.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.86%
• Current HPI: 343.75
• 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

+130.5% since first listed

13 events — show timeline

• 2026-06-12 Listed $94,500 WCARE
• 2026-06-12 Listed $94,500 CBRMLS
• 2026-06-12 Listed $94,500 Dayton MLS
• 2026-06-10 Listed $94,500 WRIST
• 2025-10-14 Price Changed $85,000 NORIS
• 2023-06-15 Sold (Public Records) $85,000 Public Records
• 2023-06-14 Pending — NORIS
• 2023-06-14 Sold (MLS) $85,000 NORIS
• 2023-05-02 Contingent — NORIS
• 2023-04-21 Relisted — NORIS
• 2023-04-17 Contingent — NORIS
• 2023-04-13 Listed $99,500 NORIS
• 2006-10-16 Sold (Public Records) $41,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $574 · +16.4% YoY. Source: county tax records.