8518 Township Road 207 · Lewistown, OH 43318

$125,000

7 bd · None ba · 2,720 sqft · SingleFamily · 158 Days on market

Built 2017 Poor condition 2.00 ac lot $46/sqft · 42% below area Est $216k · 42% under

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Why this score? — see what drove the C+ 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 +23.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.0/10.0
• Schools +5.3/10.0
• Rent growth +2.5/5.0
• Livability +2.4/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity is knocking with this rare 2-acre Amish farmstead located in the quiet, rural countryside of northwest Logan County. Surrounded by wide-open views and a slower pace of life, this property offers the ideal setting for a homesteader, hobby farmer, or family seeking space to grow and live more intentionally. The home provides over 2,700 square feet of potential living space with seven bedrooms, creating flexibility for large families, multi-generational living, or home-based ventures. An attached barn, additional animal storage buildings, and fenced pasture make this property well-suited for livestock, gardening, and sustainable living. A well and pump are already in place, and the functioning windmill ('negotiable with the sale) adds both charm and utility. With endless possibilities and the bones for a true barndominium-style transformation, this property is ready for its next chapter. Schedule your private tour today and explore the opportunity to build the lifestyle you've been dreaming of. Come check it out and bring all your creativity! Call your favorite agent today! (Note: Extensive construction and county approval will be need for occupancy)

Key facts

• Attached barn
• Wide-open views
• Fenced pasture

Tags

• RURAL COUNTRYSIDE
• WIDE-OPEN VIEWS
• ATTACHED BARN
• ANIMAL STORAGE BUILDINGS
• FENCED PASTURE
• WELL AND PUMP

What this means for you Summary

Snapshot

• This is a 7-bed/?-bath single-family listed at $125k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $226 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 48/100 on livability (#1,177 in OH) — a working-class tenant base; expect higher turnover. Strengths: schools A+, cost of living A+, crime A; Watch: amenities F, commute F, employment F.
• Indian Lake Local (rural): math 59% / reading 66% proficiency, ranked #261 of 656 in OH (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 9 active listings in the ZIP; solid renter incomes; 121 units permitted in Logan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Logan County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 158 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $50k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 158 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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?
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: 1.10% ✓
• Cap rate: 8.46%
• Cash-on-cash: 7.74%
• DSCR: 1.34
• GRM: 7.6

CMA / ARV

• ARV (median comp): $215,674
• List price: $125,000
• Delta: -42.04%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -4.5%
• Equity multiple: 0.83×
• Total profit: $-5,852
• Equity at exit: $18,638

10-year hold

• IRR: 5.2%
• Equity multiple: 1.39×
• Total profit: $13,509
• Equity at exit: $10,808

Cash invested: $35,000 (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 43318

• Home prices YoY: -13.7%
• Active inventory: 9
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,379 medium
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $226

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 79%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-13
   days on market $125,000 Active 158 DOM
2. 2026-06-12
   days on market $125,000 Active 157 DOM
3. 2026-06-09
   days on market $125,000 Active 154 DOM
4. 2026-06-08
   days on market $125,000 Active 153 DOM
5. 2026-06-08
   days on market $125,000 Active 152 DOM
6. 2026-06-07
   days on market $125,000 Active 151 DOM
7. 2026-06-04
   days on market $125,000 Active 148 DOM
8. 2026-06-02
   days on market $125,000 Active 147 DOM
9. 2026-06-01
   days on market $125,000 Active 146 DOM
10. 2026-05-31
    days on market $125,000 Active 145 DOM
11. 2026-04-21
    price $125,000 1180-char remark

    Show marketing remark (1180 chars)

    Opportunity is knocking with this rare 2-acre Amish farmstead located in the quiet, rural countryside of northwest Logan County. Surrounded by wide-open views and a slower pace of life, this property offers the ideal setting for a homesteader, hobby farmer, or family seeking space to grow and live more intentionally. The home provides over 2,700 square feet of potential living space with seven bedrooms, creating flexibility for large families, multi-generational living, or home-based ventures. An attached barn, additional animal storage buildings, and fenced pasture make this property well-suited for livestock, gardening, and sustainable living. A well and pump are already in place, and the functioning windmill ('negotiable with the sale) adds both charm and utility. With endless possibilities and the bones for a true barndominium-style transformation, this property is ready for its next chapter. Schedule your private tour today and explore the opportunity to build the lifestyle you've been dreaming of. Come check it out and bring all your creativity! Call your favorite agent today! (Note: Extensive construction and county approval will be need for occupancy)

12. 2026-04-06
    price $135,000 1180-char remark

    Show marketing remark (1180 chars)

    Opportunity is knocking with this rare 2-acre Amish farmstead located in the quiet, rural countryside of northwest Logan County. Surrounded by wide-open views and a slower pace of life, this property offers the ideal setting for a homesteader, hobby farmer, or family seeking space to grow and live more intentionally. The home provides over 2,700 square feet of potential living space with seven bedrooms, creating flexibility for large families, multi-generational living, or home-based ventures. An attached barn, additional animal storage buildings, and fenced pasture make this property well-suited for livestock, gardening, and sustainable living. A well and pump are already in place, and the functioning windmill ('negotiable with the sale) adds both charm and utility. With endless possibilities and the bones for a true barndominium-style transformation, this property is ready for its next chapter. Schedule your private tour today and explore the opportunity to build the lifestyle you've been dreaming of. Come check it out and bring all your creativity! Call your favorite agent today! (Note: Extensive construction and county approval will be need for occupancy)

13. 2026-03-13
    price $155,000 1180-char remark

    Show marketing remark (1180 chars)

    Opportunity is knocking with this rare 2-acre Amish farmstead located in the quiet, rural countryside of northwest Logan County. Surrounded by wide-open views and a slower pace of life, this property offers the ideal setting for a homesteader, hobby farmer, or family seeking space to grow and live more intentionally. The home provides over 2,700 square feet of potential living space with seven bedrooms, creating flexibility for large families, multi-generational living, or home-based ventures. An attached barn, additional animal storage buildings, and fenced pasture make this property well-suited for livestock, gardening, and sustainable living. A well and pump are already in place, and the functioning windmill ('negotiable with the sale) adds both charm and utility. With endless possibilities and the bones for a true barndominium-style transformation, this property is ready for its next chapter. Schedule your private tour today and explore the opportunity to build the lifestyle you've been dreaming of. Come check it out and bring all your creativity! Call your favorite agent today! (Note: Extensive construction and county approval will be need for occupancy)

14. 2026-02-17
    price $165,000 1180-char remark

    Show marketing remark (1180 chars)

    Opportunity is knocking with this rare 2-acre Amish farmstead located in the quiet, rural countryside of northwest Logan County. Surrounded by wide-open views and a slower pace of life, this property offers the ideal setting for a homesteader, hobby farmer, or family seeking space to grow and live more intentionally. The home provides over 2,700 square feet of potential living space with seven bedrooms, creating flexibility for large families, multi-generational living, or home-based ventures. An attached barn, additional animal storage buildings, and fenced pasture make this property well-suited for livestock, gardening, and sustainable living. A well and pump are already in place, and the functioning windmill ('negotiable with the sale) adds both charm and utility. With endless possibilities and the bones for a true barndominium-style transformation, this property is ready for its next chapter. Schedule your private tour today and explore the opportunity to build the lifestyle you've been dreaming of. Come check it out and bring all your creativity! Call your favorite agent today! (Note: Extensive construction and county approval will be need for occupancy)

15. 2026-01-03
    listed $174,900 Active 1180-char remark

    Show marketing remark (1180 chars)

    Opportunity is knocking with this rare 2-acre Amish farmstead located in the quiet, rural countryside of northwest Logan County. Surrounded by wide-open views and a slower pace of life, this property offers the ideal setting for a homesteader, hobby farmer, or family seeking space to grow and live more intentionally. The home provides over 2,700 square feet of potential living space with seven bedrooms, creating flexibility for large families, multi-generational living, or home-based ventures. An attached barn, additional animal storage buildings, and fenced pasture make this property well-suited for livestock, gardening, and sustainable living. A well and pump are already in place, and the functioning windmill ('negotiable with the sale) adds both charm and utility. With endless possibilities and the bones for a true barndominium-style transformation, this property is ready for its next chapter. Schedule your private tour today and explore the opportunity to build the lifestyle you've been dreaming of. Come check it out and bring all your creativity! Call your favorite agent today! (Note: Extensive construction and county approval will be need for occupancy)

16. 2025-09-25
    historical
17. 2025-08-13
    price $350,000
18. 2025-07-30
    listed $400,000 Active

ⓘ 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 3/10 Moderate 7 d/yr ≥100°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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,552
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,324
• − Management: −$1,324
• − Depreciation: −$3,636
• Taxable income: $765
• Est. tax owed @ 24.0%: −$184
• After-tax cash flow: $2,526/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.

Condition & rehab AI · 12 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and renovations to bring it up to a livable condition. Significant work is needed on the roof, exterior, flooring, and interior to make it move-in ready.

Repairs flagged

• Major roof — Severe rust and wear
• Major exterior siding — Significant weathering
• Major flooring — Concrete with visible cracks
• Major interior walls — Exposed OSB and unfinished interior
• Major bathrooms — No visible fixtures

Value-add opportunities

• Both repair and paint exterior — Enhances curb appeal and value
• Both repair roof — Critical for structural integrity and safety
• Both repair flooring — Improves living conditions and resale value
• Both finish interior walls — Completes the living space and enhances resale value
• Both install bathrooms — Essential for functionality and rental appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Severe rust and wear	Major	$15,000–50,000
exterior siding · Significant weathering	Major	$15,000–50,000
flooring · Concrete with visible cracks	Major	$15,000–50,000
interior walls · Exposed OSB and unfinished interior	Major	$15,000–50,000
bathrooms · No visible fixtures	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both repair and paint exterior — Enhances curb appeal and value ↑
• Both repair roof — Critical for structural integrity and safety ↑
• Both repair flooring — Improves living conditions and resale value ↑
• Both finish interior walls — Completes the living space and enhances resale value ↑
• Both install bathrooms — Essential for functionality and rental appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Indian Lake Local
• NCES district ID: 3904808
• Math proficiency: 59% ▼ -14.00%
• Reading proficiency: 66% ▼ -4.00%
• Median HH income: $44,496
• Composite: 52.6/100
• National rank: #1559
• State rank: #261 of 656 in OH

Livability — Lewistown

• Score: 48/100
• State rank: #1177
• US rank: #26036

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Logan · 47,256 people
• Population (ZIP): 4,065
• Household income: $78,869
• Rent vs Own: 12.2% rent · 87.8% own

Population outlook (Logan County) Hauer SSP2

• Today (2025): 44,240 people
• By 2030: 43,166 · -2.4%
• By 2040: 40,495 · -8.5%
• By 2050: 37,511 · -15.2%
• By 2075: 30,453 · -31.2%
• By 2100: 23,081 · -47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Polish 7% Iranian 5% Scandinavian 1%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · German/W. Germanic 3% Spanish 1%

Political lean MEDSL · Logan

• 2024 margin: Solid R (+56.2) · D 21.5% · R 77.7%
• 2008→2024 swing: -29.6pp toward R · 2008: -26.6pp · 2024: -56.2pp
• All cycles: 2024: R+56.2 2020: R+55.2 2016: R+52.6 2012: R+31.8 2008: R+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.87%
• Current HPI: 245.0483
• 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

-68.8% since first listed

8 events — show timeline

• 2026-04-21 Price Changed $125,000 WRIST
• 2026-04-06 Price Changed $135,000 WRIST
• 2026-03-13 Price Changed $155,000 WRIST
• 2026-02-17 Price Changed $165,000 WRIST
• 2026-01-03 Listed $174,900 WRIST
• 2025-09-25 Listing Removed — WRIST
• 2025-08-13 Price Changed $350,000 WRIST
• 2025-07-30 Listed $400,000 WRIST