1358 Neighborhood Rd · Gallipolis, OH 45631

$89,900

3 bd · 1.5 ba · 1,716 sqft · SingleFamily public records · 76 Days on market

Built 1984 0.48 ac lot $52/sqft · 51% below area

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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
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Raised Ranch style home with 3 bedrooms and 1.5 bathrooms, partially finished basement, attached one-car garage and fenced rear yard. Parcel number 00801405300 auditor record show as 85X246, or . 48 acre. Electric furnace, hot water tank, 200 amp service. Please note: condition of utilities/any appliances, plumbing is unknown and the property is being sold in As Is condition. No guarantees or warranties, sold as is.

Key facts

• 0.48 acre lot
• Garage
• Built 1984

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $453 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $85k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 4.5% in Gallipolis — 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 62/100 on livability (#910 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B; Watch: employment C-, crime F, amenities F.
• Gallipolis City (rural): math 39% / reading 56% proficiency, ranked #488 of 656 in OH (top 74%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 68 active listings in the ZIP; 10 units permitted in Gallia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Gallia County population projected at -24% 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 $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $44k; list at $90k implies a 104% gain — meaningful room to come down on a strong offer.

Recommended offer $84,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F 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: 1.48% ✓
• Cap rate: 12.34%
• Cash-on-cash: 21.58%
• DSCR: 1.96
• GRM: 5.6

CMA / ARV

• ARV (median comp): $183,900
• List price: $89,900
• Delta: -51.11%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
178 Rusty Rd	0.23mi	4/2.0 (+1)	1,718 (+0%)	23mo	$336,000	$196	63

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: 14.2%
• Equity multiple: 1.57×
• Total profit: $14,273
• Equity at exit: $13,404

10-year hold

• IRR: 22.9%
• Equity multiple: 2.97×
• Total profit: $49,576
• Equity at exit: $7,773

Cash invested: $25,172 (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 45631

• Home prices YoY: -8.6%
• Active inventory: 68
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,327 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$86 /mo · $1,037/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $453

Break-even live

Break-even rent $754

Max offer price $89,900

Occupancy floor 61%

Sensitivity live

Price	-10% $504	-5% $478	+0% $453	+5% $427	+10% $402
Rent	-10% $348	-5% $400	+0% $453	+5% $505	+10% $558
Rate	-1.0pp $498	-0.5pp $476	base $453	+0.5pp $429	+1.0pp $406

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-17
   status $89,900 Pending 76 DOM
2. 2026-06-16
   days on market $89,900 Active 76 DOM
3. 2026-06-15
   days on market $89,900 Active 75 DOM
4. 2026-06-13
   days on market $89,900 Active 73 DOM
5. 2026-06-12
   days on market $89,900 Active 72 DOM
6. 2026-06-09
   days on market $89,900 Active 69 DOM
7. 2026-06-08
   days on market $89,900 Active 68 DOM
8. 2026-06-08
   days on market $89,900 Active 67 DOM
9. 2026-06-07
   days on market $89,900 Active 66 DOM
10. 2026-06-04
    days on market $89,900 Active 63 DOM
11. 2026-06-02
    days on market $89,900 Active 62 DOM
12. 2026-06-01
    days on market $89,900 Active 61 DOM
13. 2026-05-31
    days on market $89,900 Active 60 DOM
14. 2026-05-11
    price $89,900 419-char remark

    Show marketing remark (419 chars)

    Raised Ranch style home with 3 bedrooms and 1.5 bathrooms, partially finished basement, attached one-car garage and fenced rear yard. Parcel number 00801405300 auditor record show as 85X246, or . 48 acre. Electric furnace, hot water tank, 200 amp service. Please note: condition of utilities/any appliances, plumbing is unknown and the property is being sold in As Is condition. No guarantees or warranties, sold as is.

15. 2026-04-01
    listed $99,900 Active 419-char remark

    Show marketing remark (419 chars)

    Raised Ranch style home with 3 bedrooms and 1.5 bathrooms, partially finished basement, attached one-car garage and fenced rear yard. Parcel number 00801405300 auditor record show as 85X246, or . 48 acre. Electric furnace, hot water tank, 200 amp service. Please note: condition of utilities/any appliances, plumbing is unknown and the property is being sold in As Is condition. No guarantees or warranties, sold as is.

16. 1992-04-10
    soldstatus $44,000

ⓘ 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: $1,037 · $86/mo
• Projected year-2 tax: $1,220 · $102/mo
• Expected delta: +$183/yr (+$15/mo · 17.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥102°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,921
• − Mortgage interest: −$5,036
• − Property taxes: −$1,037
• − Insurance: −$450
• − Repairs & maintenance: −$1,274
• − Management: −$1,274
• − Depreciation: −$2,615
• Taxable income: $4,235
• Est. tax owed @ 24.0%: −$1,016
• After-tax cash flow: $4,417/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: Gallipolis City
• NCES district ID: 3904403
• Math proficiency: 39% ▼ -22.00%
• Reading proficiency: 56% ▼ -6.00%
• Median HH income: $37,983
• Composite: 39.49/100
• National rank: #3952
• State rank: #488 of 656 in OH

Livability — Gallipolis

• Score: 62/100
• State rank: #910
• US rank: #17199

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Gallia · 29,277 people
• Population (ZIP): 12,669
• Household income: $54,772
• Rent vs Own: 28.4% rent · 71.6% own
• Severe rent burden: 9.1

Population outlook (Gallia County) Hauer SSP2

• Today (2025): 27,936 people
• By 2030: 26,605 · -4.8%
• By 2040: 23,876 · -14.5%
• By 2050: 21,336 · -23.6%
• By 2075: 16,414 · -41.2%
• By 2100: 13,192 · -52.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 3% Black 3% Hispanic / Latino 1%
• Common ancestry: Slovak 3% Lithuanian 3% Italian 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Gallia

• 2024 margin: Solid R (+59.4) · D 19.9% · R 79.3%
• 2008→2024 swing: -33.3pp toward R · 2008: -26.1pp · 2024: -59.4pp
• All cycles: 2024: R+59.4 2020: R+55.5 2016: R+55.6 2012: R+26.2 2008: R+26.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -19.11%
• Current HPI: 203.6153
• 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

+104.3% since first listed

3 events — show timeline

• 2026-05-11 Price Changed $89,900 SVAR
• 2026-04-01 Listed $99,900 SVAR
• 1992-04-10 Sold (Public Records) $44,000 Public Records

Property tax history

-5.7%/yr

Latest (2025): $1,037 · -0.0% YoY. Source: county tax records.