222 9th St · Malta, OH 43758

$24,900

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

Built 1900 7,405 sqft 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 +15.0/30.0
• Appreciation +8.8/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Opportunity awaits at this corner lot property located on 9th Street in Malta, Ohio! This fixer-upper offers tremendous potential for investors, flippers, or buyers looking to create their dream home at an affordable price. The home appears to have solid bones and provides a great foundation for renovation and customization. In addition to the house, the property includes a mobile home that will need to be removed, creating even more possibilities for the lot. Whether you're searching for your next fix-and-flip project or a reasonably priced home where you can build equity while making improvements over time, this property is worth a look. Bring your vision, tools, and ideas—the potential is here! Situated on a desirable corner lot, this property offers space, opportunity, and endless possibilities. Selling AS-IS, WHERE-IS due to the condition of the home. Don't miss your chance to transform this property into something special! "Calling all investors, flippers, and handy homeowners—this Malta fixer-upper is packed with potential!" The seller is the great aunt of OLREA.

Key facts

• Solid bones
• Corner lot
• Fixer-upper

Tags

• CORNER LOT
• FIXER-UPPER
• SOLID BONES
• FOUNDATION FOR RENOVATION

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single family residence; One and one-half levels; No shared/common walls; Built in 1900
• Construction: Block foundation; Built in 1900
• Exterior features: Block foundation; Lot approximately 0.17 acre

Interior

• Bedrooms: 1 main-level bedroom
• Flooring: Wood flooring; Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating present
• Interior features: Partial basement; 1,260 total living area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $718 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).

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+; 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.
• Zoned schools: West Elementary School (math 47% / reading 57%, grade C-, #851 of 1,584 statewide, top 56%, 278 students, 43% FRL); Morgan Junior High School (math 37% / reading 61%, grade C-, #426 of 654 statewide, top 66%, 257 students, 58% FRL); Morgan High School (math 32% / reading 52%, grade F, #497 of 781 statewide, top 66%, 519 students, 30% FRL).
• 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 $2k of equity ($172 loan paydown + $2k 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 $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $15k; list at $25k implies a 66% 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 $24,900

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: 4.57% ✓
• Cap rate: 40.91%
• Cash-on-cash: 123.65%
• DSCR: 6.50
• GRM: 1.8

CMA / ARV

• ARV (on-the-fly): $183,960
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1096 N Kennebec Ave	0.58mi	3/2.0	1,264 (+0%)	8mo	$185,000	$146	62
20 2nd St	0.61mi	3/2.0	1,196 (-5%)	6mo	$178,500	$149	54
115 Poplar Dr	0.61mi	3/2.5	1,334 (+6%)	13mo	$179,000	$134	45

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: —
• Equity multiple: 8.94×
• Total profit: $55,344
• Equity at exit: $18,184

10-year hold

• IRR: —
• Equity multiple: 19.16×
• Total profit: $126,621
• Equity at exit: $35,418

Cash invested: $6,972 (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: 1.8×

Monthly cashflow live

• Estimated rent: $1,137 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$39 /mo · $468/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $718

Break-even live

Break-even rent $228

Max offer price $24,900

Occupancy floor 32%

Sensitivity live

Price	-10% $732	-5% $725	+0% $718	+5% $711	+10% $704
Rent	-10% $629	-5% $673	+0% $718	+5% $763	+10% $808
Rate	-1.0pp $731	-0.5pp $725	base $718	+0.5pp $712	+1.0pp $705

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: $6,225
• Closing costs: $747
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-12
   statusdays on market $24,900 Pending 3 DOM
2. 2026-06-09
   remarks 699-char remark

   Show marketing remark (1111 chars)

   Opportunity awaits at this corner lot property located on 9th Street in Malta, Ohio! This fixer-upper offers tremendous potential for investors, flippers, or buyers looking to create their dream home at an affordable price. The home appears to have solid bones and provides a great foundation for renovation and customization. In addition to the house, the property includes a mobile home that will need to be removed, creating even more possibilities for the lot. Whether you're searching for your next fix-and-flip project or a reasonably priced home where you can build equity while making improvements over time, this property is worth a look. Bring your vision, tools, and ideas—the potential is here! Situated on a desirable corner lot, this property offers space, opportunity, and endless possibilities. Selling AS-IS, WHERE-IS due to the condition of the home. Don't miss your chance to transform this property into something special! "Calling all investors, flippers, and handy homeowners—this Malta fixer-upper is packed with potential!" The seller is the great aunt of OLREA.

3. 2026-06-09
   listed $24,900 Active 1 DOM

   Show marketing remark (1111 chars)

   Opportunity awaits at this corner lot property located on 9th Street in Malta, Ohio! This fixer-upper offers tremendous potential for investors, flippers, or buyers looking to create their dream home at an affordable price. The home appears to have solid bones and provides a great foundation for renovation and customization. In addition to the house, the property includes a mobile home that will need to be removed, creating even more possibilities for the lot. Whether you're searching for your next fix-and-flip project or a reasonably priced home where you can build equity while making improvements over time, this property is worth a look. Bring your vision, tools, and ideas—the potential is here! Situated on a desirable corner lot, this property offers space, opportunity, and endless possibilities. Selling AS-IS, WHERE-IS due to the condition of the home. Don't miss your chance to transform this property into something special! "Calling all investors, flippers, and handy homeowners—this Malta fixer-upper is packed with potential!" The seller is the great aunt of OLREA.

ⓘ 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: $468 · $39/mo
• Projected year-2 tax: $468 · $39/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low 0% 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: $13,646
• − Mortgage interest: −$1,395
• − Property taxes: −$468
• − Insurance: −$124
• − Repairs & maintenance: −$1,092
• − Management: −$1,092
• − Depreciation: −$724
• Taxable income: $8,751
• Est. tax owed @ 24.0%: −$2,100
• After-tax cash flow: $6,520/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

+66.0% since first listed

3 events — show timeline

• 2026-06-09 Listed $24,900 CBRMLS
• 2026-06-09 Listed $24,900 MLSNOW
• 1993-02-23 Sold (Public Records) $15,000 Public Records

Property tax history

-1.2%/yr

Latest (2025): $468 · -0.2% YoY. Source: county tax records.