149 N 2nd St · Malta, OH 43758

$139,900

3 bd · 1.0 ba · 1,564 sqft · SingleFamily public records · 16 Days on market

Built 1900 0.78 ac lot Est $161k · 13% under

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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 +17.5/30.0
• ARV discount +13.4/15.0
• Appreciation +8.8/10.0
• DSCR +5.5/10.0
• Schools +4.4/10.0
• 1% rule +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to your next exciting project in Malta, Ohio! This fantastic fixer-upper presents a golden opportunity for a savvy investor or a DIY enthusiast to turn a diamond in the rough into a polished gem. Located in the heart of Malta, this property is bursting with potential and awaits someone with a vision to bring it back to life. Also includes woods behind the home. This is a very private location for being intown Malta. This property is being sold as is, where is, providing an ideal canvas for your creative touch. Embrace the challenge and transform this house into a stunning home.

Key facts

• Wrap-around porch
• Updated kitchen
• Woods behind home

Tags

• QUIET DEAD-END STREET
• WOODS BEHIND HOME
• TRAIL TO CAMPFIRE SPOT
• WRAP-AROUND PORCH
• UPDATED KITCHEN
• DUCTED MINI-SPLIT SYSTEM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $108 ($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 $118k (15.3% below list).
• Recommended offer: $118k (15.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#835 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B+; Watch: health & safety C-, crime D, amenities F.
• Morgan Local (rural): math 46% / reading 60% proficiency, ranked #420 of 656 in OH (top 64%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 17 active listings in the ZIP; 34 units permitted in Morgan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $12k of equity ($967 loan paydown + $11k appreciation (7.6% local appreciation)).
• Morgan County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.6% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 $40k; list at $140k implies a 254% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,466 (15.3% below list)

Questions for the listing agent

1. Built in 1900 — 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 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?
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: 0.85% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.32%
• DSCR: 1.15
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $161,092
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
191 S 5th St	0.26mi	3/1.0	1,634 (+4%)	10mo	$22,000	$13	72
361 W Jefferson Ave	0.37mi	3/1.5	1,716 (+10%)	6mo	$260,000	$152	59
257 N 5th St	0.46mi	3/2.0	1,490 (-5%)	13mo	$155,000	$104	56
1002 Echo St N	0.68mi	3/2.0	1,550 (-1%)	10mo	$95,000	$61	54
41 W Bell Ave	0.28mi	3/2.0	1,792 (+15%)	7mo	$203,750	$114	53
40 N 9th St	0.55mi	4/2.0 (+1)	1,696 (+8%)	4mo	$125,000	$74	48
843 High St N	0.63mi	4/1.0 (+1)	1,665 (+6%)	18mo	$118,500	$71	40
310 E Union Ave	0.52mi	3/2.0	1,344 (-14%)	10mo	$240,000	$179	40
653 E Mcconnel Ave	0.71mi	2/1.5 (-1)	1,332 (-15%)	2mo	$137,500	$103	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

7.56% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.6%
• Equity multiple: 2.55×
• Total profit: $60,593
• Equity at exit: $102,167

10-year hold

• IRR: 20.0%
• Equity multiple: 5.35×
• Total profit: $170,506
• Equity at exit: $198,993

Cash invested: $39,172 (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 43758

• Home prices YoY: 4.2%
• Active inventory: 17
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,185 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$36 /mo · $427/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $108

Break-even live

Break-even rent $1,047

Max offer price $139,900

Occupancy floor 86%

Sensitivity live

Price	-10% $188	-5% $148	+0% $108	+5% $69	+10% $29
Rent	-10% $15	-5% $62	+0% $108	+5% $155	+10% $202
Rate	-1.0pp $179	-0.5pp $144	base $108	+0.5pp $72	+1.0pp $35

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $139,900 Active 16 DOM
2. 2026-06-18
   days on market $139,900 Active 14 DOM
3. 2026-06-17
   days on market $139,900 Active 13 DOM
4. 2026-06-16
   days on market $139,900 Active 12 DOM
5. 2026-06-15
   days on market $139,900 Active 11 DOM
6. 2026-06-13
   days on market $139,900 Active 9 DOM
7. 2026-06-12
   days on market $139,900 Active 8 DOM
8. 2026-06-09
   days on market $139,900 Active 5 DOM
9. 2026-06-08
   days on market $139,900 Active 4 DOM
10. 2026-06-08
    days on market $139,900 Active 3 DOM
11. 2026-06-07
    remarks 699-char remark
12. 2026-06-07
    days on marketlisting id $139,900 Active 2 DOM
13. 2026-06-04
    days on market $139,900 Active 12 DOM
14. 2026-06-02
    days on market $139,900 Active 11 DOM
15. 2026-06-01
    days on market $139,900 Active 10 DOM
16. 2026-05-31
    days on market $139,900 Active 9 DOM
17. 2026-05-23
    listed $139,900 Active
18. 2024-04-05
    soldstatus $39,500 Closed 592-char remark

    Show marketing remark (592 chars)

    Welcome to your next exciting project in Malta, Ohio! This fantastic fixer-upper presents a golden opportunity for a savvy investor or a DIY enthusiast to turn a diamond in the rough into a polished gem. Located in the heart of Malta, this property is bursting with potential and awaits someone with a vision to bring it back to life. ALso includes woods behind the home. This is a very private location for being intown Malta. This property is being sold as is, where is, providing an ideal canvas for your creative touch. Embrace the challenge and transform this house into a stunning home.

19. 2024-04-05
    soldstatus $39,500 Closed 592-char remark

    Show marketing remark (592 chars)

    Welcome to your next exciting project in Malta, Ohio! This fantastic fixer-upper presents a golden opportunity for a savvy investor or a DIY enthusiast to turn a diamond in the rough into a polished gem. Located in the heart of Malta, this property is bursting with potential and awaits someone with a vision to bring it back to life. ALso includes woods behind the home. This is a very private location for being intown Malta. This property is being sold as is, where is, providing an ideal canvas for your creative touch. Embrace the challenge and transform this house into a stunning home.

20. 2024-03-21
    status Pending 592-char remark

    Show marketing remark (592 chars)

    Welcome to your next exciting project in Malta, Ohio! This fantastic fixer-upper presents a golden opportunity for a savvy investor or a DIY enthusiast to turn a diamond in the rough into a polished gem. Located in the heart of Malta, this property is bursting with potential and awaits someone with a vision to bring it back to life. Also includes woods behind the home. This is a very private location for being intown Malta. This property is being sold as is, where is, providing an ideal canvas for your creative touch. Embrace the challenge and transform this house into a stunning home.

21. 2024-03-21
    status Pending 592-char remark

    Show marketing remark (592 chars)

    Welcome to your next exciting project in Malta, Ohio! This fantastic fixer-upper presents a golden opportunity for a savvy investor or a DIY enthusiast to turn a diamond in the rough into a polished gem. Located in the heart of Malta, this property is bursting with potential and awaits someone with a vision to bring it back to life. Also includes woods behind the home. This is a very private location for being intown Malta. This property is being sold as is, where is, providing an ideal canvas for your creative touch. Embrace the challenge and transform this house into a stunning home.

22. 2024-03-11
    listed $59,900 Active 592-char remark

    Show marketing remark (592 chars)

    Welcome to your next exciting project in Malta, Ohio! This fantastic fixer-upper presents a golden opportunity for a savvy investor or a DIY enthusiast to turn a diamond in the rough into a polished gem. Located in the heart of Malta, this property is bursting with potential and awaits someone with a vision to bring it back to life. Also includes woods behind the home. This is a very private location for being intown Malta. This property is being sold as is, where is, providing an ideal canvas for your creative touch. Embrace the challenge and transform this house into a stunning home.

23. 2024-03-08
    listed $59,900 Active 592-char remark

    Show marketing remark (592 chars)

    Welcome to your next exciting project in Malta, Ohio! This fantastic fixer-upper presents a golden opportunity for a savvy investor or a DIY enthusiast to turn a diamond in the rough into a polished gem. Located in the heart of Malta, this property is bursting with potential and awaits someone with a vision to bring it back to life. ALso includes woods behind the home. This is a very private location for being intown Malta. This property is being sold as is, where is, providing an ideal canvas for your creative touch. Embrace the challenge and transform this house into a stunning home.

24. 1991-03-01
    soldstatus $20,000

ⓘ 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: $427 · $36/mo
• Projected year-2 tax: $1,305 · $109/mo
• Expected delta: +$878/yr (+$73/mo · 205.6%)

ⓘ 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 · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,216
• − Mortgage interest: −$7,837
• − Property taxes: −$427
• − Insurance: −$700
• − Repairs & maintenance: −$1,137
• − Management: −$1,137
• − Depreciation: −$4,070
• Taxable loss: −$1,091
• Est. tax savings @ 24.0%: +$262
• After-tax cash flow: $1,562/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: Morgan Local
• NCES district ID: 3904877
• Math proficiency: 46% ▼ -20.00%
• Reading proficiency: 60% ▼ -9.00%
• Median HH income: $36,523
• Composite: 43.93/100
• National rank: #2907
• State rank: #420 of 656 in OH

Livability — Malta

• Score: 63/100
• State rank: #835
• US rank: #15616

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Malta, OH
• County: Morgan · 19,509 people
• Population (ZIP): 2,900
• Household income: $56,477
• Rent vs Own: 16.4% rent · 83.6% own
• Severe rent burden: 10.9

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 14,024 people
• By 2030: 13,485 · -3.8%
• By 2040: 12,222 · -12.8%
• By 2050: 10,912 · -22.2%
• By 2075: 8,181 · -41.7%
• By 2100: 5,838 · -58.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Black 3% Two or more races 2%
• Common ancestry: Serbian 3%
• Foreign-born: 1%
• Languages at home: 95% English-only · German/W. Germanic 4%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+53.2) · D 23.0% · R 76.2%
• 2008→2024 swing: -46.0pp toward R · 2008: -7.2pp · 2024: -53.2pp
• All cycles: 2024: R+53.2 2020: R+48.4 2016: R+41.4 2012: R+6.0 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.56%
• Current HPI: 188.0191
• 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

+599.5% since first listed

8 events — show timeline

• 2026-05-23 Listed $139,900 FSBO.com
• 2024-04-05 Sold (MLS) $39,500 MLSNOW
• 2024-04-05 Sold (MLS) $39,500 CBRMLS
• 2024-03-21 Pending — MLSNOW
• 2024-03-21 Pending — CBRMLS
• 2024-03-11 Listed $59,900 CBRMLS
• 2024-03-08 Listed $59,900 MLSNOW
• 1991-03-01 Sold (Public Records) $20,000 Public Records

Property tax history

+0.7%/yr

Latest (2025): $427 · -0.2% YoY. Source: county tax records.