115 Leland Ave · Marietta, OH 45750

$79,990

3 bd · 1.0 ba · 1,566 sqft · SingleFamily public records · 64 Days on market

Built 1950 Fair condition 6,202 sqft lot $51/sqft · 67% below area Est $152k · 47% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention investors and buyers ready to put a few finishing touches on to make this house a home. .. This property is a prime opportunity for those looking to renovate and add value. In need of a few small repairs and updates, this home is best suited for buyers ready to take on small projects and maximize its potential as a rental or starter home! The home features a front porch with scenic river views, offering a unique selling point! Ideally located near the hospital, Washington County Career Center, and downtown shops, the convenience adds to its long-term appeal. If you’re searching for your next investment project with strong upside potential or your first home to add your own touch, this is one you won’t want to miss. Bring your vision and turn this property into something special!

Key facts

• Front porch
• Near the hospital
• Scenic river views

Tags

• FRONT PORCH
• SCENIC RIVER VIEWS
• NEAR THE HOSPITAL
• DOWNTOWN SHOPS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $885 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 19.6% vs local median 6.0% in Marietta — 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 80/100 on livability (#127 in OH, #1,845 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F, employment D-.
• Marietta City (town): math 35% / reading 49% proficiency, ranked #534 of 656 in OH (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Marietta Elementary School (math 37% / reading 57%, grade D-, #942 of 1,584 statewide, top 61%, 655 students, 50% FRL); Marietta High School (math 32% / reading 61%, grade D-, #460 of 781 statewide, top 59%, 1,016 students, 42% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: 145 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 93d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 3 units permitted in Washington County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($60k/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 $554 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Washington County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $69k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,190 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 2.26% ✓
• Cap rate: 19.57%
• Cash-on-cash: 47.42%
• DSCR: 3.11
• GRM: 3.7

CMA / ARV

• ARV (median comp): $152,093
• List price: $79,990
• Delta: -47.41%
• 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
714 Front St	0.45mi	3/1.0	1,560 (-0%)	3mo	$170,000	$109	76
108 Laramie Rd	0.48mi	3/2.0	1,444 (-8%)	0mo	$270,000	$187	60
630 4th St	0.74mi	3/1.5	1,648 (+5%)	1mo	$215,000	$130	54
625 Front St	0.55mi	3/2.5	1,700 (+9%)	10mo	$169,900	$100	46
100 Cheyenne Rd	0.48mi	3/1.0	1,387 (-11%)	17mo	$180,000	$130	44
813 3rd St	0.52mi	2/1.0 (-1)	1,407 (-10%)	12mo	$200,000	$142	44
127 Clark St	0.23mi	2/2.0 (-1)	1,764 (+13%)	18mo	$161,000	$91	44
111 High St	0.65mi	2/1.0 (-1)	1,440 (-8%)	10mo	$132,500	$92	43
828 Fifth St	0.71mi	3/1.0	1,352 (-14%)	6mo	$135,000	$100	39
606 Front St	0.63mi	2/2.0 (-1)	1,740 (+11%)	6mo	$157,200	$90	38
623 Front St	0.55mi	4/2.5 (+1)	1,400 (-11%)	11mo	$185,151	$132	36
107 Victory Pl	0.75mi	4/1.0 (+1)	1,418 (-10%)	20mo	$230,000	$162	28

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: 44.8%
• Equity multiple: 2.94×
• Total profit: $43,426
• Equity at exit: $11,927

10-year hold

• IRR: 50.7%
• Equity multiple: 5.93×
• Total profit: $110,483
• Equity at exit: $6,916

Cash invested: $22,397 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 6 active · 10 under contract
• Months of supply: 4.5 mo (22%/mo absorbed)
• Median asking: $149,450 ($96/sqft)
• Median days on market: 63 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +1.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 45750

• Home prices YoY: -32.4%
• Active inventory: 145
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,809 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$91 /mo · $1,092/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $885

Break-even live

Break-even rent $688

Max offer price $79,990

Occupancy floor 46%

Sensitivity live

Price	-10% $930	-5% $908	+0% $885	+5% $862	+10% $840
Rent	-10% $742	-5% $814	+0% $885	+5% $956	+10% $1,028
Rate	-1.0pp $925	-0.5pp $905	base $885	+0.5pp $864	+1.0pp $843

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: $19,998
• Closing costs: $2,400
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
803 3rd St Marietta, OH	3.0	2.0	1659	$2,000	$1.21	93d	1	0.51mi
1415 Lancaster St Marietta, OH	3.0	1.0	662	$1,195	$1.81	93d	4	1.29mi
621 Virginia St #5 Marietta, OH	3.0	2.0	1240	$1,695	$1.37	93d	1	1.33mi

Listing history 7 events

1. 2026-06-02
   days on market $79,990 Active 64 DOM
2. 2026-06-01
   days on market $79,990 Active 63 DOM
3. 2026-05-31
   days on market $79,990 Active 62 DOM
4. 2026-05-30
   days on market $79,990 Active 61 DOM
5. 2026-03-30
   listed $85,000 Active 812-char remark

   Show marketing remark (812 chars)

   Attention investors and buyers ready to put a few finishing touches on to make this house a home. .. This property is a prime opportunity for those looking to renovate and add value. In need of a few small repairs and updates, this home is best suited for buyers ready to take on small projects and maximize its potential as a rental or starter home! The home features a front porch with scenic river views, offering a unique selling point! Ideally located near the hospital, Washington County Career Center, and downtown shops, the convenience adds to its long-term appeal. If you’re searching for your next investment project with strong upside potential or your first home to add your own touch, this is one you won’t want to miss. Bring your vision and turn this property into something special!

6. 2012-09-21
   soldstatus $69,000
7. 2004-06-03
   soldstatus $43,500

ⓘ 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: $1,092 · $91/mo
• Projected year-2 tax: $1,170 · $97/mo
• Expected delta: +$78/yr (+$7/mo · 7.1%)

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

Taxation est. · year 1

• Rental income: $21,703
• − Mortgage interest: −$4,481
• − Property taxes: −$1,092
• − Insurance: −$400
• − Repairs & maintenance: −$1,736
• − Management: −$1,736
• − Depreciation: −$2,327
• Taxable income: $9,931
• Est. tax owed @ 24.0%: −$2,383
• After-tax cash flow: $8,237/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.

Condition & rehab AI · 10 photos

Fair 45/100 Moderate rehab Est. rehab $39,150–$70,470 screening

This property requires moderate renovations, focusing on the bathroom ceiling and landscaping, to significantly improve its resale and rental value.

Deferred maintenance Est. $50,000–$150,000 screening

• Major Roof (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — roof appears damaged and missing shingles
• Major Windows (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — windows appear old and possibly not sealed properly
• Major Electrical (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — electrical panel appears old and possibly not up to code
• Major Plumbing (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — plumbing fixtures appear old and possibly not up to code
• Major Exterior (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — exterior siding appears damaged and possibly not up to code

Repairs flagged

• Major Bathroom ceiling — Severe peeling and damage requiring replacement.
• Minor Landscaping — Overgrown and requires trimming and planting.

Value-add opportunities

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Replace bathroom ceiling — A new ceiling improves functionality and safety. ↑
• Both Landscaping — A well-maintained yard enhances curb appeal and property value. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 47/100

Zoned Schools

Elementary Marietta Elementary School D- OH #942/1,584 Nat'l #14,504/41,679 High Marietta High School D- OH #460/781 Nat'l #6,621/17,239

Schools (NCES district)

• District: Marietta City
• NCES district ID: 3910019
• Math proficiency: 35% ▼ -20.00%
• Reading proficiency: 49% ▼ -12.00%
• Median HH income: $39,366
• Composite: 35.08/100
• National rank: #5025
• State rank: #534 of 656 in OH

A Composite livability gradescore 80/100

Livability — Marietta

• Score: 80/100
• State rank: #127
• US rank: #1845

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marietta, OH
• County: Washington County · 59,640 people
• City population: 26,420
• Metro: Marietta, OH
• Population (ZIP): 26,420
• Household income: $60,229
• Rent vs Own: 29.4% rent · 70.6% own
• Severe rent burden: 11% of renters

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Population outlook (Washington County) Hauer SSP2

• Today (2025): 59,640 people
• By 2030: 58,315 · -2.2%
• By 2040: 55,186 · -7.5%
• By 2050: 52,246 · -12.4%
• By 2075: 45,893 · -23.0%
• By 2100: 38,128 · -36.1%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 2% Asian 1% Black 1% Hispanic / Latino 1%
• Common ancestry: Italian 2% Slovak 2% Romanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Tagalog/Filipino 1% Other Indo-European 1%

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Political lean MEDSL · Washington

• 2024 margin: Solid R (+43.8) · D 27.7% · R 71.5%
• 2008→2024 swing: +40.2pp toward D · 2008: -83.9pp · 2024: -43.8pp
• All cycles: 2024: R+43.8 2020: R+40.8 2016: R+41.6 2012: R+19.4 2008: R+83.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -95.06%
• Current HPI: 198.6235
• Rent YoY: —
• Metro: Marietta, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

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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

+95.4% since first listed

3 events — show timeline

• 2026-03-30 Listed $85,000 MLSNOW
• 2012-09-21 Sold (Public Records) $69,000 Public Records
• 2004-06-03 Sold (Public Records) $43,500 Public Records

Property tax history

+5.0%/yr

Latest (2025): $1,092 · +6.6% YoY. Source: county tax records.