357 3rd St NW · New Philadelphia, OH 44663

$99,000

3 bd · 1.0 ba · 1,400 sqft · SingleFamily public records · 2 Days on market

Built 1900 5,519 sqft lot

---

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 +8.3/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity for an affordable fixer upper or rental property. Home is 2 or potentially 3 bdrms. Main level has living room, dining room, and kitchen leading out to porch and large backyard with privacy fence. 2nd level has 2 bdrms with bonus area.

Key facts

• Rental property
• Porch
• Kitchen

Tags

• FIXER UPPER
• RENTAL PROPERTY
• LIVING ROOM
• DINING ROOM
• KITCHEN
• PORCH

Property features AI

Finance

• Financial info: Annual tax amount available

Exterior

• Parking: Has carport
• Utilities: Public water; Public sewer
• Home design: 2-story house; Vinyl siding; Shingle roof
• Construction: Built (year per public records); Vinyl siding construction; Shingle roof
• Exterior features: Driveway; Lot recorded at approximately 0.1267 acres

Interior

• Bedrooms: Total of 5 rooms (includes bedrooms and other living spaces)
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $369 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Cap rate 10.8% vs local median 2.7% in New Philadelphia — 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 75/100 on livability (#265 in OH, #4,229 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• New Philadelphia City (town): math 61% / reading 66% proficiency, ranked #248 of 656 in OH (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 67 active listings in the ZIP; 244 units permitted in Tuscarawas County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Tuscarawas County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 30y 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 $53k; list at $99k implies a 87% 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 $99,000

Questions for the listing agent

1. Built in 1900 — 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 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?
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: 1.33% ✓
• Cap rate: 10.76%
• Cash-on-cash: 15.96%
• DSCR: 1.71
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $200,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
148 North Ave NW	0.12mi	3/1.5	1,403 (+0%)	3mo	$105,000	$75	90
728 Oak St NW	0.30mi	3/1.5	1,464 (+5%)	1mo	$244,900	$167	75
431 Cedar Ln NW	0.20mi	2/2.5 (-1)	1,320 (-6%)	6mo	$77,500	$59	65
639 4th St NW	0.27mi	3/2.0	1,544 (+10%)	3mo	$223,000	$144	64
122 5th St SW	0.48mi	3/1.0	1,292 (-8%)	2mo	$185,000	$143	63
1203 4th St NW	0.72mi	3/1.5	1,392 (-1%)	3mo	$192,590	$138	61
341 Ray Ave NE	0.55mi	3/1.0	1,330 (-5%)	6mo	$174,250	$131	61
185 Wabash Ave NW	0.66mi	3/2.0	1,392 (-1%)	5mo	$175,000	$126	60
820 Park Ave NW	0.59mi	3/2.0	1,334 (-5%)	5mo	$220,000	$165	57
856 Baker Ave NW	0.73mi	3/1.5	1,344 (-4%)	2mo	$229,900	$171	56
237 7th St NW	0.50mi	3/2.0	1,248 (-11%)	2mo	$184,000	$147	53
944 Grant Ave NW	0.74mi	3/1.0	1,562 (+12%)	6mo	$127,500	$82	41

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: 6.9%
• Equity multiple: 1.27×
• Total profit: $7,455
• Equity at exit: $14,761

10-year hold

• IRR: 16.2%
• Equity multiple: 2.33×
• Total profit: $36,784
• Equity at exit: $8,560

Cash invested: $27,720 (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 44663

• Active inventory: 67
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,318 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$112 /mo · $1,344/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $369

Break-even live

Break-even rent $851

Max offer price $99,000

Occupancy floor 67%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-22
   status Pending
2. 2026-05-18
   listed $99,000 Active
3. 2007-07-04
   historical
4. 2007-01-04
   listed $77,900
5. 1997-02-24
   soldstatus $53,000
6. 1997-02-15
   historical
7. 1996-08-15
   listed $56,900
8. 1996-08-15
   listed $59,900

ⓘ 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: $1,344 · $112/mo
• Projected year-2 tax: $1,444 · $120/mo
• Expected delta: +$100/yr (+$8/mo · 7.5%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,815
• − Mortgage interest: −$5,546
• − Property taxes: −$1,344
• − Insurance: −$495
• − Repairs & maintenance: −$1,265
• − Management: −$1,265
• − Depreciation: −$2,880
• Taxable income: $3,020
• Est. tax owed @ 24.0%: −$725
• After-tax cash flow: $3,700/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: New Philadelphia City
• NCES district ID: 3904448
• Math proficiency: 61% ▼ -5.00%
• Reading proficiency: 66% ▼ -3.00%
• Median HH income: $42,895
• Composite: 53.28/100
• National rank: #1490
• State rank: #248 of 656 in OH

Livability — New Philadelphia

• Score: 75/100
• State rank: #265
• US rank: #4229

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Philadelphia, OH
• County: Tuscarawas · 99,287 people
• City population: 24,732
• Population (ZIP): 24,732
• Household income: $62,383
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 20.1

Population outlook (Tuscarawas County) Hauer SSP2

• Today (2025): 92,253 people
• By 2030: 91,060 · -1.3%
• By 2040: 87,479 · -5.2%
• By 2050: 83,174 · -9.8%
• By 2075: 72,000 · -22.0%
• By 2100: 58,574 · -36.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 8% Two or more races 3% Asian 1%
• Hispanic origin (detail): Puerto Rican 5%
• Common ancestry: Slovak 3% Serbian 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 6% German/W. Germanic 1% Other Indo-European 1%

Political lean MEDSL · Tuscarawas

• 2024 margin: Solid R (+43.3) · D 28.0% · R 71.2%
• 2008→2024 swing: -45.7pp toward R · 2008: 2.4pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+39.9 2016: R+35.5 2012: R+9.8 2008: D+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -201.12%
• Current HPI: 180.4068
• 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

+74.0% since first listed

8 events — show timeline

• 2026-05-22 Pending — MLSNOW
• 2026-05-18 Listed $99,000 MLSNOW
• 2007-07-04 Listing Removed — MLSNOW
• 2007-01-04 Listed $77,900 MLSNOW
• 1997-02-24 Sold (Public Records) $53,000 Public Records
• 1997-02-15 Listing Removed — MLSNOW
• 1996-08-15 Listed $59,900 MLSNOW
• 1996-08-15 Listed $56,900 MLSNOW

Property tax history

+4.5%/yr

Latest (2025): $1,344 · +23.4% YoY. Source: county tax records.