51 N Kasson · Johnstown, OH 43031

$169,900

5 bd · 2.0 ba · 2,664 sqft · SingleFamily public records · 4 Days on market

Built 1870 $64/sqft · 60% below area

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +6.5/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investors, if you're looking for a rental or a home to remodel and re-sell don't miss out on this one! Located in one of the hottest real estate markets in central Ohio and only 5 minutes from the Intel site. Large home with many possibilities for a single family or, with approvals, a possible duplex. Built in 1870, this 2664 +/- square foot home has 4+ bedrooms and 2 full bathrooms. Partial basement with a gas furnace. Detached garage with a concrete floor and a second floor for additional storage. Large yard at . 37 of an acre with mature trees and room for additional outbuildings. Utilities available are natural gas, public water, and sewer. Taxes are approximately $3891.86. Home is sell

Key facts

• Garage
• Built 1870
• Listed 4 days

Property features AI

Exterior

• Parking: Detached garage with 1 garage space
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels; Built in 1870
• Exterior features: Stone foundation; No shared/common walls

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: Two full bathrooms
• Interior features: Partial basement

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $170k).
• Cap rate 14.9% vs local median 3.8% in Johnstown — 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 77/100 on livability (#186 in OH, #2,873 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• Johnstown-Monroe Local (town): math 70% / reading 79% proficiency, ranked #85 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 66 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($111k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $48k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1870 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,900

Questions for the listing agent

1. Built in 1870 — 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 A-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. 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.
5. 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.
6. 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: 1.82% ✓
• Cap rate: 14.93%
• Cash-on-cash: 30.84%
• DSCR: 2.37
• GRM: 4.6

CMA / ARV

• ARV (median comp): $427,735
• List price: $169,900
• Delta: -60.28%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
51 N Kasson	0.00mi	4/2.0 (-1)	2,664 (0%)	0mo	$169,900	$64	95
229 Stone Hedge Row Dr	0.25mi	4/2.5 (-1)	2,422 (-9%)	4mo	$400,000	$165	63
103 Butternut Cove Pl	0.61mi	4/2.5 (-1)	2,740 (+3%)	0mo	$465,000	$170	60
101 Greenstick Way	0.12mi	4/3.0 (-1)	2,270 (-15%)	3mo	$405,900	$179	58
109 Butternut Cove Pl	0.60mi	4/3.5 (-1)	2,692 (+1%)	6mo	$440,000	$163	54
20 Glen Cliff Pl	0.37mi	4/2.5 (-1)	2,494 (-6%)	14mo	$489,900	$196	53
314 Green Acres Dr	0.57mi	4/2.5 (-1)	2,752 (+3%)	13mo	$505,000	$184	50
528 Golden Pond Ave	0.73mi	4/2.5 (-1)	2,814 (+6%)	3mo	$507,000	$180	47
97 Crossing Pl	0.73mi	4/2.5 (-1)	2,467 (-7%)	2mo	$417,300	$169	45
128 Parkdale Dr	0.63mi	4/3.5 (-1)	2,780 (+4%)	9mo	$385,000	$138	45
405 Tyler Station Dr	0.61mi	4/3.5 (-1)	2,332 (-12%)	1mo	$505,000	$217	39
234 Weeping Willow Run Dr	0.67mi	5/2.5	2,288 (-14%)	16mo	$445,000	$194	30

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: 25.6%
• Equity multiple: 2.06×
• Total profit: $50,426
• Equity at exit: $25,333

10-year hold

• IRR: 33.3%
• Equity multiple: 4.04×
• Total profit: $144,511
• Equity at exit: $14,690

Cash invested: $47,572 (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 43031

• Active inventory: 66
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $3,100 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$265 /mo · $3,177/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$651
• Net cashflow: $1,223

Break-even live

Break-even rent $1,553

Max offer price $169,900

Occupancy floor 56%

Sensitivity live

Price	-10% $1,319	-5% $1,271	+0% $1,223	+5% $1,175	+10% $1,127
Rent	-10% $978	-5% $1,100	+0% $1,223	+5% $1,345	+10% $1,468
Rate	-1.0pp $1,308	-0.5pp $1,266	base $1,223	+0.5pp $1,179	+1.0pp $1,134

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 Whitetail Trl Johnstown, OH	4.0	2.5	3020	$2,899	$0.96	24d	1	1.11mi
215 Whitetail Trl Johnstown, OH	4.0	2.5	2610	$2,899	$1.11	24d	1	1.15mi
260 Whitetail Trl Johnstown, OH	4.0	3.5	3020	$2,899	$0.96	2d	1	1.30mi

Listing history 2 events

1. 2026-05-11
   status Pending 765-char remark
2. 2026-05-06
   listed $169,900 Active 765-char remark

ⓘ 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: $3,177 · $265/mo
• Projected year-2 tax: $3,177 · $265/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,204
• − Mortgage interest: −$9,517
• − Property taxes: −$3,177
• − Insurance: −$850
• − Repairs & maintenance: −$2,976
• − Management: −$2,976
• − Depreciation: −$4,943
• Taxable income: $12,765
• Est. tax owed @ 24.0%: −$3,064
• After-tax cash flow: $11,609/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: Johnstown-Monroe Local
• NCES district ID: 3904798
• Math proficiency: 70% ▼ -4.00%
• Reading proficiency: 79% ▲ 1.00%
• Median HH income: $69,411
• Composite: 64.92/100
• National rank: #510
• State rank: #85 of 656 in OH

Livability — Johnstown

• Score: 77/100
• State rank: #186
• US rank: #2873

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Johnstown, OH
• County: Licking County · 109,194 people
• City population: 13,876
• Metro: Columbus, OH
• Population (ZIP): 13,876
• Household income: $110,930
• Rent vs Own: 19.6% rent · 80.4% own
• Severe rent burden: 216.0

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 (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 1%
• Common ancestry: Romanian 3% Italian 3% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · German/W. Germanic 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: ▼ -310.19%
• Current HPI: 280.5337
• Rent YoY: —
• 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

+0.0% since first listed

3 events — show timeline

• 2026-06-12 Sold (MLS) $169,900 CBRMLS
• 2026-05-11 Pending — CBRMLS
• 2026-05-06 Listed $169,900 CBRMLS

Property tax history

+8.1%/yr

Latest (2025): $3,177 · +3.1% YoY. Source: county tax records.