101 N Sundale Rd · Norwich, OH 43767

$89,900

3 bd · 2.0 ba · 1,344 sqft · SingleFamily public records · 191 Days on market

Built 1985 0.94 ac lot $67/sqft · 62% 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 +8.5/10.0
• Appreciation +8.3/10.0
• ARV discount +7.5/15.0
• Schools +5.8/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Buy this for the garage and fix the house to your liking! Large detached garage with space to run your own business. The garage has a second floor that could be made into living space. East Muskingum schools on almost an acre of ground.

Key facts

• Second floor
• Living space
• Almost an acre

Tags

• DETACHED GARAGE
• SECOND FLOOR
• LIVING SPACE
• ALMOST AN ACRE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $353 ($4k/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: $79k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#1,005 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, employment D+, schools F.
• East Muskingum Local (rural): math 66% / reading 69% proficiency, ranked #176 of 656 in OH (top 27%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 5 active listings in the ZIP; 140 units permitted in Muskingum County in 2024 (100 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($622 loan paydown + $6k appreciation (6.6% local appreciation)).
• Muskingum County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.6% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 191 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $40k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $78k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 12% 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. 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?
5. Crime grade is D 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?
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 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: 1.35% ✓
• Cap rate: 11.00%
• Cash-on-cash: 16.82%
• DSCR: 1.75
• GRM: 6.2

CMA / ARV

• ARV (median comp): $234,766
• List price: $89,900
• Delta: -61.71%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

6.63% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.6%
• Equity multiple: 3.06×
• Total profit: $51,861
• Equity at exit: $60,149

10-year hold

• IRR: 28.1%
• Equity multiple: 6.33×
• Total profit: $134,194
• Equity at exit: $112,362

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 43767

• Home prices YoY: 3.1%
• Active inventory: 5
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,216 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$98 /mo · $1,181/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $353

Break-even live

Break-even rent $769

Max offer price $89,900

Occupancy floor 66%

Sensitivity live

Price	-10% $404	-5% $378	+0% $353	+5% $327	+10% $302
Rent	-10% $257	-5% $305	+0% $353	+5% $401	+10% $449
Rate	-1.0pp $398	-0.5pp $376	base $353	+0.5pp $330	+1.0pp $306

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 27 events

1. 2026-06-19
   days on market $89,900 Active 191 DOM
2. 2026-06-18
   days on market $89,900 Active 190 DOM
3. 2026-06-17
   days on market $89,900 Active 189 DOM
4. 2026-06-16
   days on market $89,900 Active 188 DOM
5. 2026-06-15
   days on market $89,900 Active 187 DOM
6. 2026-06-14
   days on market $89,900 Active 185 DOM
7. 2026-06-12
   pricedays on market $89,900 Active 184 DOM
8. 2026-06-09
   days on market $99,900 Active 181 DOM
9. 2026-06-08
   days on market $99,900 Active 180 DOM
10. 2026-06-07
    days on market $99,900 Active 179 DOM
11. 2026-06-05
    days on market $99,900 Active 176 DOM
12. 2026-06-03
    days on market $99,900 Active 175 DOM
13. 2026-06-02
    days on market $99,900 Active 174 DOM
14. 2026-06-01
    days on market $99,900 Active 173 DOM
15. 2026-05-31
    days on market $99,900 Active 172 DOM
16. 2026-05-30
    days on market $99,900 Active 171 DOM
17. 2026-04-16
    price $99,900 236-char remark

    Show marketing remark (236 chars)

    Buy this for the garage and fix the house to your liking! Large detached garage with space to run your own business. The garage has a second floor that could be made into living space. East Muskingum schools on almost an acre of ground.

18. 2026-04-16
    price $99,900 236-char remark

    Show marketing remark (236 chars)

    Buy this for the garage and fix the house to your liking! Large detached garage with space to run your own business. The garage has a second floor that could be made into living space. East Muskingum schools on almost an acre of ground.

19. 2026-01-16
    price $119,900 236-char remark

    Show marketing remark (236 chars)

    Buy this for the garage and fix the house to your liking! Large detached garage with space to run your own business. The garage has a second floor that could be made into living space. East Muskingum schools on almost an acre of ground.

20. 2026-01-16
    price $119,900 236-char remark

    Show marketing remark (236 chars)

    Buy this for the garage and fix the house to your liking! Large detached garage with space to run your own business. The garage has a second floor that could be made into living space. East Muskingum schools on almost an acre of ground.

21. 2025-12-09
    listed $129,900 Active 236-char remark

    Show marketing remark (236 chars)

    Buy this for the garage and fix the house to your liking! Large detached garage with space to run your own business. The garage has a second floor that could be made into living space. East Muskingum schools on almost an acre of ground.

22. 2025-12-09
    listed $129,900 Active 236-char remark

    Show marketing remark (236 chars)

    Buy this for the garage and fix the house to your liking! Large detached garage with space to run your own business. The garage has a second floor that could be made into living space. East Muskingum schools on almost an acre of ground.

23. 2013-11-06
    soldstatus $77,900
24. 2013-10-25
    soldstatus $77,900
25. 2013-05-10
    listed $72,900
26. 2012-12-31
    historical
27. 2011-08-30
    listed $72,900

ⓘ 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: $1,181 · $98/mo
• Projected year-2 tax: $1,292 · $108/mo
• Expected delta: +$111/yr (+$9/mo · 9.4%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,586
• − Mortgage interest: −$5,036
• − Property taxes: −$1,181
• − Insurance: −$450
• − Repairs & maintenance: −$1,167
• − Management: −$1,167
• − Depreciation: −$2,615
• Taxable income: $2,971
• Est. tax owed @ 24.0%: −$713
• After-tax cash flow: $3,522/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: East Muskingum Local
• NCES district ID: 3904883
• Math proficiency: 66% ▼ -6.00%
• Reading proficiency: 69% ▼ -4.00%
• Median HH income: $53,230
• Composite: 57.6/100
• National rank: #1064
• State rank: #176 of 656 in OH

Livability — Norwich

• Score: 59/100
• State rank: #1005
• US rank: #19787

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Norwich, OH
• County: Muskingum · 86,793 people
• Population (ZIP): 1,233
• Household income: $69,942
• Rent vs Own: 0.8% rent · 99.2% own
• Severe rent burden: 50.0

Population outlook (Muskingum County) Hauer SSP2

• Today (2025): 85,625 people
• By 2030: 84,592 · -1.2%
• By 2040: 81,288 · -5.1%
• By 2050: 76,751 · -10.4%
• By 2075: 64,143 · -25.1%
• By 2100: 47,598 · -44.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97%
• Common ancestry: Scottish 9% Serbian 3% Slovak 2%

Political lean MEDSL · Muskingum

• 2024 margin: Solid R (+43.9) · D 27.6% · R 71.6%
• 2008→2024 swing: -36.7pp toward R · 2008: -7.2pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+39.3 2016: R+35.0 2012: R+7.0 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.63%
• Current HPI: 219.3502
• 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

+37.0% since first listed

11 events — show timeline

• 2026-04-16 Price Changed $99,900 CBRMLS
• 2026-04-16 Price Changed $99,900 MLSNOW
• 2026-01-16 Price Changed $119,900 MLSNOW
• 2026-01-16 Price Changed $119,900 CBRMLS
• 2025-12-09 Listed $129,900 MLSNOW
• 2025-12-09 Listed $129,900 CBRMLS
• 2013-11-06 Sold (Public Records) $77,900 Public Records
• 2013-10-25 Sold (MLS) $77,900 MLSNOW
• 2013-05-10 Listed $72,900 MLSNOW
• 2012-12-31 Listing Removed — MLSNOW
• 2011-08-30 Listed $72,900 MLSNOW

Property tax history

+2.3%/yr

Latest (2025): $1,181 · +0.4% YoY. Source: county tax records.