3318 Washington St · Bellaire, OH 43906

$69,900

1 bd · 1.0 ba · 672 sqft · SingleFamily public records · 60 Days on market

Built 1900 1,951 sqft lot $104/sqft · 18% below area Est $85k · 18% 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 +24.7/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +6.4/10.0
• Appreciation +5.9/10.0
• Schools +5.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Completely refreshed and move-in ready, this Bellaire home offers a smart blend of updates and functionality. Major mechanical improvements provide peace of mind, including a brand new furnace, updated electrical system, and new hot water tank. The kitchen has been upgraded with sleek quartz countertops and brand new appliances, creating a bright and practical space for everyday living. Inside, you’ll find a comfortable layout with a cozy living area and efficient use of space throughout. The home sits on a low-maintenance lot, making it a great option for homeowners or investors looking for a turnkey property. With big-ticket updates already handled, this is a solid opportunity to step into a home that’s been improved where it matters most.

Key facts

• New furnace
• Quartz countertops
• Low-maintenance lot

Tags

• NEW FURNACE
• UPDATED ELECTRICAL SYSTEM
• NEW HOT WATER TANK
• QUARTZ COUNTERTOPS
• NEW APPLIANCES
• LOW-MAINTENANCE LOT

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $146 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($796 rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#535 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Bellaire Local (rural): math 73% / reading 56% proficiency, ranked #430 of 802 in OH (top 54%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 26 active listings in the ZIP; lower-income renter base — watch delinquency; 4 units permitted in Belmont County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($483 loan paydown + $1k appreciation (1.8% local appreciation)).
• Belmont County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.8% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago 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 $26k; list at $70k implies a 173% 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 $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.14% ✓
• Cap rate: 8.79%
• Cash-on-cash: 8.93%
• DSCR: 1.40
• GRM: 7.3

CMA / ARV

• ARV (median comp): $84,954
• List price: $69,900
• Delta: -17.72%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
153 Taney Ave	0.56mi	2/1.0 (+1)	728 (+8%)	21mo	$85,000	$117	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

1.79% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.8%
• Equity multiple: 1.68×
• Total profit: $13,335
• Equity at exit: $26,781

10-year hold

• IRR: 15.7%
• Equity multiple: 3.05×
• Total profit: $40,219
• Equity at exit: $37,967

Cash invested: $19,572 (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 43906

• Home prices YoY: 1.1%
• Active inventory: 26
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $796 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$167
• Net cashflow: $146

Break-even live

Break-even rent $611

Max offer price $69,900

Occupancy floor 77%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $69,900 Active 60 DOM
2. 2026-06-18
   days on market $69,900 Active 59 DOM
3. 2026-06-17
   days on market $69,900 Active 58 DOM
4. 2026-06-16
   days on market $69,900 Active 57 DOM
5. 2026-06-15
   days on market $69,900 Active 56 DOM
6. 2026-06-14
   days on market $69,900 Active 54 DOM
7. 2026-06-12
   days on market $69,900 Active 53 DOM
8. 2026-06-09
   days on market $69,900 Active 50 DOM
9. 2026-06-08
   days on market $69,900 Active 49 DOM
10. 2026-06-07
    days on market $69,900 Active 48 DOM
11. 2026-06-02
    days on market $69,900 Active 43 DOM
12. 2026-06-01
    days on market $69,900 Active 42 DOM
13. 2026-05-31
    days on market $69,900 Active 41 DOM
14. 2026-05-30
    days on market $69,900 Active 40 DOM
15. 2026-04-20
    listed $69,900 Active 763-char remark

    Show marketing remark (763 chars)

    Completely refreshed and move-in ready, this Bellaire home offers a smart blend of updates and functionality. Major mechanical improvements provide peace of mind, including a brand new furnace, updated electrical system, and new hot water tank. The kitchen has been upgraded with sleek quartz countertops and brand new appliances, creating a bright and practical space for everyday living. Inside, you’ll find a comfortable layout with a cozy living area and efficient use of space throughout. The home sits on a low-maintenance lot, making it a great option for homeowners or investors looking for a turnkey property. With big-ticket updates already handled, this is a solid opportunity to step into a home that’s been improved where it matters most.

16. 2024-12-31
    historical
17. 2024-11-27
    listed $37,000 Active
18. 2024-11-27
    historical
19. 2024-09-03
    listed $37,000 Active
20. 2024-05-06
    soldstatus $25,600
21. 1992-12-30
    soldstatus $8,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 8 d/yr ≥97°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,549
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$764
• − Management: −$764
• − Depreciation: −$2,033
• Taxable income: $674
• Est. tax owed @ 24.0%: −$162
• After-tax cash flow: $1,585/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: Bellaire Local
• NCES district ID: 3904357
• Math proficiency: 73% ▲ 5.00%
• Reading proficiency: 56% ▼ -3.00%
• Median HH income: $37,307
• Composite: 55.05/100
• National rank: #2773
• State rank: #430 of 802 in OH

Livability — Bellaire

• Score: 69/100
• State rank: #535
• US rank: #9051

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bellaire, OH
• County: Belmont · 63,139 people
• Metro: Wheeling, WV-OH
• Population (ZIP): 7,888
• Household income: $41,635
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 5.6

Population outlook (Belmont County) Hauer SSP2

• Today (2025): 66,568 people
• By 2030: 64,818 · -2.6%
• By 2040: 60,702 · -8.8%
• By 2050: 56,427 · -15.2%
• By 2075: 46,222 · -30.6%
• By 2100: 34,611 · -48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 4%
• Common ancestry: Romanian 5% Slovak 2% Iranian 2%
• Foreign-born: 1%

Political lean MEDSL · Belmont

• 2024 margin: Solid R (+47.3) · D 26.0% · R 73.3%
• 2008→2024 swing: -50.0pp toward R · 2008: 2.7pp · 2024: -47.3pp
• All cycles: 2024: R+47.3 2020: R+43.6 2016: R+39.5 2012: R+8.4 2008: D+2.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.79%
• Current HPI: 159.8031
• 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

+773.8% since first listed

7 events — show timeline

• 2026-04-20 Listed $69,900 MLSNOW
• 2024-12-31 Listing Removed — MLSNOW
• 2024-11-27 Listing Removed — MLSNOW
• 2024-11-27 Listed $37,000 MLSNOW
• 2024-09-03 Listed $37,000 MLSNOW
• 2024-05-06 Sold (Public Records) $25,600 Public Records
• 1992-12-30 Sold (Public Records) $8,000 Public Records

Property tax history

-0.2%/yr

Latest (2025): $132 · +1.3% YoY. Source: county tax records.