205 N Main St · Prospect, OH 43342

$50,001

3 bd · 1.0 ba · 1,310 sqft · SingleFamily public records · 110 Days on market

Built 1900 7,840 sqft lot ↓ 41% since listing

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Why this score? — see what drove the D- 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 +11.0/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• DSCR +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

Key facts

• Prime lot
• Riverfront location
• Detached storage

Tags

• PRIME LOT
• RIVERFRONT LOCATION
• DIRECT ACCESS TO RIVER
• HISTORICAL CHARACTER
• DETACHED STORAGE

🔨 Auction listing. The $50,001 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $211,509 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $-517 ($-6k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $46k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#749 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Elgin Local (rural): math 47% / reading 52% proficiency, ranked #444 of 656 in OH (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 8 active listings in the ZIP; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Marion County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($46k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $45,500 (9.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.72% ✗
• Cap rate: 5.78%
• Cash-on-cash: -1.83%
• DSCR: 0.92
• GRM: 11.5

CMA / ARV

• ARV (median comp): $211,509
• List price: $50,001
• Delta: -76.36%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 N Main St	0.00mi	3/1.0	1,310 (0%)	1mo	$55,000	$42	99
406 North St	0.24mi	3/1.0	1,269 (-3%)	2mo	$197,500	$156	82
600 Park St	0.38mi	3/1.5	1,309 (-0%)	1mo	$255,000	$195	79
501 Park Ave	0.33mi	3/1.0	1,203 (-8%)	3mo	$260,000	$216	68
150 S Main St	0.14mi	3/1.0	1,440 (+10%)	12mo	$223,000	$155	67
7037 Prospect Dublin Rd	0.36mi	3/2.5	1,396 (+7%)	4mo	$359,900	$258	63
705 E Water St	0.44mi	3/1.0	1,400 (+7%)	22mo	$160,000	$114	50

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: -35.1%
• Equity multiple: -0.13×
• Total profit: $-67,011
• Equity at exit: $31,537

10-year hold

• IRR: -45.4%
• Equity multiple: -0.69×
• Total profit: $-99,997
• Equity at exit: $18,287

Cash invested: $59,222 (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 43342

• Active inventory: 8
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,526 medium
• Mortgage (P&I): −$1,109
• Tax from tax record: −$99 /mo · $1,187/yr
• Insurance: −$88
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $-517

Break-even live

Break-even rent $2,181

Max offer price $120,199

Occupancy floor —

Sensitivity live

Price	-10% $-397	-5% $-457	+0% $-517	+5% $-577	+10% $-637
Rent	-10% $-637	-5% $-577	+0% $-517	+5% $-457	+10% $-396
Rate	-1.0pp $-410	-0.5pp $-463	base $-517	+0.5pp $-572	+1.0pp $-627

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: $52,877
• Closing costs: $6,345
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-05
   status Pending 1434-char remark

   Show marketing remark (1434 chars)

   Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

2. 2026-04-29
   price $50,001 1434-char remark

   Show marketing remark (1434 chars)

   Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

3. 2026-04-11
   price $50,000 1434-char remark

   Show marketing remark (1434 chars)

   Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

4. 2026-03-27
   price $65,001 1434-char remark

   Show marketing remark (1434 chars)

   Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

5. 2026-03-10
   price $65,000 1434-char remark

   Show marketing remark (1434 chars)

   Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

6. 2026-02-27
   price $85,000 1434-char remark

   Show marketing remark (1434 chars)

   Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

7. 2026-02-22
   price $85,001 1434-char remark

   Show marketing remark (1434 chars)

   Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

8. 2026-01-15
   listed $85,000 Active 1434-char remark

   Show marketing remark (1434 chars)

   Online public real estate auction, the minimum bid is $50,000.00. Bidding takes place on the auction website. This auction begins to end at 8:30 PM, Thursday April 30th, 2026. Agents, please see 'A2A' for auction terms and conditions. Discover a diamond in the rough situated on a prime 0.18-acre lot directly overlooking the scenic Scioto River. This 2-story home, originally built in 1900, offers a rare chance for investors, flippers, or ambitious homeowners to restore a piece of Prospect's history in a truly tranquil setting. Key Property Features; Prime Riverfront Location: Enjoy breathtaking views and direct access to the Scioto River right from your backyard. Square Footage: Approximately 1,310 sq. ft. of living space with a traditional 2 story layout. Interior Layout: The home features 3 bedrooms and 1 bathroom, providing a solid foundation for a modern reconfiguration. Historical Character: Built at the turn of the century, the structure maintains the classic proportions and charm typical of early 1900s architecture. Detached Storage: Includes a small on-site garage/outbuilding (approx. 200 sq. ft. ) for tools or equipment. The Vision; This property is being sold as-is, currently in need of repair and renovation. Whether you are looking to create a cozy riverfront retreat or a high-yield rental property, the 'bones' and the location offer a unique value proposition that is hard to find at this price point.

ⓘ 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: $1,187 · $99/mo
• Projected year-2 tax: $1,187 · $99/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 7/10 Severe FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°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: $18,317
• − Mortgage interest: −$11,848
• − Property taxes: −$1,187
• − Insurance: −$6,176
• − Repairs & maintenance: −$1,465
• − Management: −$1,465
• − Depreciation: −$6,153
• Taxable loss: −$9,977
• Est. tax savings @ 24.0%: +$2,395
• After-tax cash flow: $-3,808/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: Elgin Local
• NCES district ID: 3904841
• Math proficiency: 47% ▼ -17.00%
• Reading proficiency: 52% ▼ -6.00%
• Median HH income: $48,372
• Composite: 42.2/100
• National rank: #3288
• State rank: #444 of 656 in OH

Livability — Prospect

• Score: 65/100
• State rank: #749
• US rank: #13545

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prospect, OH
• County: Marion · 64,367 people
• Population (ZIP): 3,566
• Household income: $71,667
• Rent vs Own: 15.0% rent · 85.0% own
• Severe rent burden: 4.6

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Italian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 1% · South Korea
• Languages at home: 97% English-only · Other Indo-European 1% Other Asian/Pacific 1% Chinese 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -168.63%
• Current HPI: 229.4813
• 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

-41.2% since first listed

8 events — show timeline

• 2026-05-05 Pending — CBRMLS
• 2026-04-29 Price Changed $50,001 CBRMLS
• 2026-04-11 Price Changed $50,000 CBRMLS
• 2026-03-27 Price Changed $65,001 CBRMLS
• 2026-03-10 Price Changed $65,000 CBRMLS
• 2026-02-27 Price Changed $85,000 CBRMLS
• 2026-02-22 Price Changed $85,001 CBRMLS
• 2026-01-15 Listed $85,000 CBRMLS

Property tax history

+1.0%/yr

Latest (2025): $1,187 · +0.0% YoY. Source: county tax records.