912 Greenheart Dr · New Carlisle, OH 45344

$119,900

3 bd · 1.0 ba · 1,250 sqft · SingleFamily public records · 1 Days on market

Built 1971 8,750 sqft lot Est $208k · 42% 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 +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +6.3/10.0
• Schools +3.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Don't miss this opportunity for home ownership. This ranch, built in 1971, offers 1250 square feet of living space. It features updated HVAC for efficient heating and cooling, along with replacement windows. While the home needs significant TLC, it presents an excellent opportunity for those looking to customize and restore a solid foundation in a desirable neighborhood.

Key facts

• Solid foundation
• Updated hvac
• Replacement windows

Tags

• UPDATED HVAC
• REPLACEMENT WINDOWS
• SOLID FOUNDATION
• DESIRABLE NEIGHBORHOOD

Property features AI

Finance

• Financial info: Offered for sale

Exterior

• Parking: No garage
• Utilities: Central air conditioning; Natural gas heating
• Home design: Single-story frame home; Slab foundation
• Construction: Frame construction; Slab foundation; One story
• Exterior features: Residential lot approximately 0.20 acres (70 x 125)

Interior

• Kitchen: Eat-in kitchen with extended space (27 x 11)
• Bedrooms: Three main-level bedrooms
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Central air conditioning; Forced air heating (natural gas)
• Interior features: Eat-in kitchen; Bonus room
• Laundry & utility: Main-level laundry room (7 x 6)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $257 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Cap rate 8.9% vs local median 2.4% in New Carlisle — 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 63/100 on livability (#857 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, amenities F, commute F.
• Tecumseh Local (rural): math 41% / reading 48% proficiency, ranked #501 of 656 in OH (top 76%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 107 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $829 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Clark County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $64k; list at $120k implies a 87% gain — meaningful room to come down on a strong offer.

Recommended offer $119,900

Questions for the listing agent

1. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.13% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.17%
• DSCR: 1.41
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $207,500
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
930 Firwood Dr	0.10mi	4/1.0 (+1)	1,250 (0%)	6mo	$187,000	$150	85
1113 Langdale Ave	0.45mi	3/1.5	1,201 (-4%)	4mo	$216,200	$180	67
1215 W Lake Ave	0.14mi	3/1.0	1,107 (-11%)	9mo	$175,000	$158	67
613 Spinning Rd	0.32mi	3/1.0	1,180 (-6%)	12mo	$205,000	$174	66
1201 Edgebrook Ave	0.40mi	3/1.5	1,232 (-1%)	13mo	$240,000	$195	66
1300 Edgebrook Ave	0.32mi	3/2.0	1,380 (+10%)	2mo	$234,900	$170	62
503 Pease Dr	0.73mi	3/2.0	1,248 (-0%)	1mo	$170,000	$136	61
1138 Edgebrook Ave	0.42mi	3/1.5	1,342 (+7%)	10mo	$265,000	$197	58
706 Bayberry Dr	0.37mi	4/1.0 (+1)	1,170 (-6%)	12mo	$184,500	$158	58
1001 Langdale Ave	0.60mi	3/1.5	1,336 (+7%)	4mo	$145,000	$109	55
809 Bayberry Dr	0.34mi	3/2.0	1,379 (+10%)	10mo	$229,000	$166	55
322 Galewood Dr	0.60mi	3/1.0	1,184 (-5%)	11mo	$180,000	$152	54

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: -2.4%
• Equity multiple: 0.91×
• Total profit: $-3,083
• Equity at exit: $17,877

10-year hold

• IRR: 7.3%
• Equity multiple: 1.55×
• Total profit: $18,389
• Equity at exit: $10,367

Cash invested: $33,572 (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 45344

• Active inventory: 107
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,350 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$131 /mo · $1,575/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $257

Break-even live

Break-even rent $1,025

Max offer price $119,900

Occupancy floor 76%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1118 Cambridge Ct Unit 1118 New Carlisle, OH	3.0	1.5	1450	$1,350	$0.93	14d	1	0.64mi

Listing history 2 events

1. 2026-06-13
   remarks 373-char remark
2. 2026-06-13
   listed $119,900 Pending 1 DOM

ⓘ 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: $1,575 · $131/mo
• Projected year-2 tax: $1,723 · $144/mo
• Expected delta: +$148/yr (+$12/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 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 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,200
• − Mortgage interest: −$6,716
• − Property taxes: −$1,575
• − Insurance: −$600
• − Repairs & maintenance: −$1,296
• − Management: −$1,296
• − Depreciation: −$3,488
• Taxable income: $1,229
• Est. tax owed @ 24.0%: −$295
• After-tax cash flow: $2,783/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: Tecumseh Local
• NCES district ID: 3904624
• Math proficiency: 41% ▼ -12.00%
• Reading proficiency: 48% ▼ -8.00%
• Median HH income: $45,927
• Composite: 37.81/100
• National rank: #4336
• State rank: #501 of 656 in OH

Livability — New Carlisle

• Score: 63/100
• State rank: #857
• US rank: #16079

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Carlisle, OH
• County: Clark · 134,280 people
• City population: 16,841
• Metro: Springfield, OH
• Population (ZIP): 16,841
• Household income: $71,627
• Rent vs Own: 20.1% rent · 79.9% own
• Severe rent burden: 15.0

Population outlook (Clark County) Hauer SSP2

• Today (2025): 130,703 people
• By 2030: 126,952 · -2.9%
• By 2040: 118,344 · -9.5%
• By 2050: 109,590 · -16.2%
• By 2075: 89,464 · -31.6%
• By 2100: 68,810 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 5%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Italian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 7% Other Indo-European 1%

Political lean MEDSL · Clark

• 2024 margin: Strong R (+29.5) · D 34.8% · R 64.3%
• 2008→2024 swing: -27.0pp toward R · 2008: -2.5pp · 2024: -29.5pp
• All cycles: 2024: R+29.5 2020: R+23.3 2016: R+19.5 2012: R+1.8 2008: R+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -185.40%
• Current HPI: 244.7603
• 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

+233.1% since first listed

4 events — show timeline

• 2026-06-11 Pending — Dayton MLS
• 2026-06-09 Listed $119,900 Dayton MLS
• 1995-05-16 Sold (Public Records) $64,000 Public Records
• 1987-11-19 Sold (Public Records) $36,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $1,575 · +15.5% YoY. Source: county tax records.