27 E New Haven St · Bloomville, OH 44818

$375,000

5 bd · None ba · 5,812 sqft · MultiFamily public records · 110 Days on market

Built 1881 5,662 sqft lot

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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
• DSCR +10.0/10.0
• Appreciation +8.6/10.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• Schools +6.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 1 unit. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

27 E New Haven St is a fully leased, turnkey investment property consisting of Five (5) one-bedroom, one-bath units. The building is 100% occupied and generating consistent cash flow, offering an attractive 10.4% cap rate.

Key facts

• 5,662 sq ft lot
• Built 1881
• Listed 109 days

What this means for you Summary

Snapshot

• This is a 5-bed/?-bath multifamily listed at $375k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $375k).
• Recommended offer: $341k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#930 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, schools F, amenities F.
• Buckeye Central Local (rural): math 73% / reading 73% proficiency, ranked #123 of 656 in OH (top 19%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 4 active listings in the ZIP; 45 units permitted in Seneca County in 2024 (0 in 5+ unit buildings).
• At $4,834/mo this rent would consume 90% of the median local household income ($65k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $30k of equity ($3k loan paydown + $27k appreciation (7.2% local appreciation)).
• Seneca County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.2% appreciation + 3.0% rent growth), your $105k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$47k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($341k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $52k; list at $375k implies a 621% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1881 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $341,250 (9.0% below list)

Questions for the listing agent

1. 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?
2. Built in 1881 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.29% ✓
• Cap rate: 11.35%
• Cash-on-cash: 18.07%
• DSCR: 1.80
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.19% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 32.7%
• Equity multiple: 3.25×
• Total profit: $236,002
• Equity at exit: $264,653

10-year hold

• IRR: 29.6%
• Equity multiple: 6.81×
• Total profit: $609,937
• Equity at exit: $507,118

Cash invested: $105,000 (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 44818

• Home prices YoY: 3.2%
• Active inventory: 4
• Price-to-rent: 32.3×

Monthly cashflow live

• Estimated rent: $4,834 medium
• Mortgage (P&I): −$1,967
• Tax from tax record: −$115 /mo · $1,380/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,015
• Net cashflow: $1,581

Break-even live

Break-even rent $2,833

Max offer price $375,000

Occupancy floor 62%

Sensitivity live

Price	-10% $1,793	-5% $1,687	+0% $1,581	+5% $1,475	+10% $1,369
Rent	-10% $1,199	-5% $1,390	+0% $1,581	+5% $1,772	+10% $1,963
Rate	-1.0pp $1,770	-0.5pp $1,676	base $1,581	+0.5pp $1,484	+1.0pp $1,385

5-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 5× units	1	1	$4,835
Total (5 units)			$4,834

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $375,000 Active 110 DOM
2. 2026-06-18
   days on market $375,000 Active 109 DOM
3. 2026-06-17
   days on market $375,000 Active 108 DOM
4. 2026-06-16
   days on market $375,000 Active 107 DOM
5. 2026-06-15
   days on market $375,000 Active 106 DOM
6. 2026-06-14
   days on market $375,000 Active 104 DOM
7. 2026-06-12
   days on market $375,000 Active 103 DOM
8. 2026-06-09
   days on market $375,000 Active 100 DOM
9. 2026-06-08
   days on market $375,000 Active 99 DOM
10. 2026-06-07
    days on market $375,000 Active 98 DOM
11. 2026-06-07
    days on market $375,000 Active 97 DOM
12. 2026-06-02
    days on market $375,000 Active 93 DOM
13. 2026-06-01
    days on market $375,000 Active 92 DOM
14. 2026-05-31
    days on market $375,000 Active 91 DOM
15. 2026-05-30
    days on market $375,000 Active 90 DOM
16. 2026-03-01
    listed $375,000 Active 222-char remark

    Show marketing remark (222 chars)

    27 E New Haven St is a fully leased, turnkey investment property consisting of Five (5) one-bedroom, one-bath units. The building is 100% occupied and generating consistent cash flow, offering an attractive 10.4% cap rate.

17. 2020-04-22
    soldstatus $52,000
18. 1995-02-14
    soldstatus $105,000

ⓘ 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: $1,380 · $115/mo
• Projected year-2 tax: $3,615 · $301/mo
• Expected delta: +$2,235/yr (+$186/mo · 161.9%)

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

Taxation est. · year 1

• Rental income: $58,008
• − Mortgage interest: −$21,006
• − Property taxes: −$1,380
• − Insurance: −$1,875
• − Repairs & maintenance: −$4,641
• − Management: −$4,641
• − Depreciation: −$10,909
• Taxable income: $13,557
• Est. tax owed @ 24.0%: −$3,254
• After-tax cash flow: $15,719/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: Buckeye Central Local
• NCES district ID: 3904650
• Math proficiency: 73% ▼ -7.00%
• Reading proficiency: 73% ▼ -7.00%
• Median HH income: $48,177
• Composite: 61.69/100
• National rank: #741
• State rank: #123 of 656 in OH

Livability — Bloomville

• Score: 61/100
• State rank: #930
• US rank: #17835

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bloomville, OH
• County: Seneca · 70,739 people
• Population (ZIP): 2,048
• Household income: $64,792
• Rent vs Own: 17.9% rent · 82.1% own

Population outlook (Seneca County) Hauer SSP2

• Today (2025): 54,243 people
• By 2030: 52,947 · -2.4%
• By 2040: 49,842 · -8.1%
• By 2050: 46,689 · -13.9%
• By 2075: 39,889 · -26.5%
• By 2100: 32,155 · -40.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Danish 4% Lithuanian 3% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Seneca

• 2024 margin: Solid R (+37.5) · D 30.7% · R 68.2% · Other 1.0%
• 2008→2024 swing: -34.8pp toward R · 2008: -2.7pp · 2024: -37.5pp
• All cycles: 2024: R+37.5 2020: R+34.2 2016: R+31.2 2012: R+8.4 2008: R+2.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.19%
• Current HPI: 230.5826
• 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

+257.1% since first listed

3 events — show timeline

• 2026-03-01 Listed $375,000 CBRMLS
• 2020-04-22 Sold (Public Records) $52,000 Public Records
• 1995-02-14 Sold (Public Records) $105,000 Public Records

Property tax history

-1.4%/yr

Latest (2025): $1,380 · -3.0% YoY. Source: county tax records.