80 S Hartford Ave · Centerburg, OH 43011

$105,000

3 bd · 1.5 ba · 1,796 sqft · SingleFamily public records · 19 Days on market

Built 1910 9,147 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEAT & CLEAN 2-STORY IN THE VILLAGE OFFERING 3BR, 1.5BA, 1ST FL LAUNDRY, C/A, BREAKFAST NOOK, 1-CAR FINISHED ATT GARAGE, PARTIAL BSMT, UTILITY SHED. RECENTUPDATES INCLUDE, NEW CARPET & PAINT UPSTAIRS AND NEW LINOLEUM & PAINT INKITCHEN.

Key facts

• Covered front porch
• Three season room
• Large backyard

Tags

• COVERED FRONT PORCH
• THREE SEASON ROOM
• REAR DECK
• STORAGE SHED
• DEDICATED LAUNDRY AREA
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $576 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $103k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.9% vs local median 2.8% in Centerburg — 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 72/100 on livability (#367 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Centerburg Local (rural): math 60% / reading 71% proficiency, ranked #183 of 656 in OH (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Market conditions: 31 active listings in the ZIP; solid renter incomes; 195 units permitted in Knox County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Knox County population projected at -14% 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 $29k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 26y 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 $84k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $103,425 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.71% ✓
• Cap rate: 12.88%
• Cash-on-cash: 23.52%
• DSCR: 2.05
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $326,872
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
147 S Hartford Ave	0.10mi	4/1.5 (+1)	1,781 (-1%)	13mo	$135,000	$76	78
35 Landrum Ave	0.12mi	3/2.0	1,912 (+6%)	10mo	$275,000	$144	73
147 N Clayton St	0.31mi	3/2.0	1,704 (-5%)	3mo	$335,000	$197	72
106 Union St	0.17mi	2/2.0 (-1)	1,692 (-6%)	4mo	$235,000	$139	72
170 S Preston St	0.18mi	3/2.5	1,920 (+7%)	6mo	$361,000	$188	70
133 Church St	0.19mi	4/2.0 (+1)	1,911 (+6%)	9mo	$305,000	$160	66
15 Garden St	0.40mi	4/2.5 (+1)	1,695 (-6%)	0mo	$385,000	$227	63
255 S Preston St	0.32mi	3/1.0	1,638 (-9%)	13mo	$294,000	$179	58
7151 County 199 Rd	0.10mi	4/3.0 (+1)	1,584 (-12%)	12mo	$469,000	$296	55
259 S Preston St	0.33mi	4/2.5 (+1)	1,558 (-13%)	20mo	$285,000	$183	36
480 N Clayton St	0.75mi	3/2.0	1,636 (-9%)	21mo	$298,000	$182	30
346 N Clayton St	0.57mi	4/2.0 (+1)	2,040 (+14%)	20mo	$330,000	$162	28

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: 16.7%
• Equity multiple: 1.67×
• Total profit: $19,790
• Equity at exit: $15,656

10-year hold

• IRR: 25.3%
• Equity multiple: 3.21×
• Total profit: $64,898
• Equity at exit: $9,078

Cash invested: $29,400 (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 43011

• Home prices YoY: -26.0%
• Active inventory: 31
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,795 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$247 /mo · $2,969/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $576

Break-even live

Break-even rent $1,066

Max offer price $105,000

Occupancy floor 63%

Sensitivity live

Price	-10% $636	-5% $606	+0% $576	+5% $547	+10% $517
Rent	-10% $435	-5% $505	+0% $576	+5% $647	+10% $718
Rate	-1.0pp $629	-0.5pp $603	base $576	+0.5pp $549	+1.0pp $521

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-03-21
   status Pending
2. 2026-03-02
   listed $105,000 Active
3. 2024-04-24
   historical
4. 2024-01-14
   status Active
5. 2024-01-09
   historical Contingent Finance and Inspection
6. 2023-12-05
   price $158,000
7. 2023-11-03
   price $175,000
8. 2023-11-03
   status Active
9. 2023-10-24
   historical Contingent Finance and Inspection
10. 2023-10-23
    listed $159,900 Active
11. 2000-10-27
    soldstatus $83,900
12. 2000-10-26
    soldstatus $83,900 253-char remark

    Show marketing remark (253 chars)

    NEAT & CLEAN 2-STORY IN THE VILLAGE OFFERING 3BR, 1.5BA, 1ST FL LAUNDRY, C/A, BREAKFAST NOOK, 1-CAR FINISHED ATT GARAGE, PARTIAL BSMT, UTILITY SHED. RECENTUPDATES INCLUDE, NEW CARPET & PAINT UPSTAIRS AND NEW LINOLEUM & PAINT INKITCHEN.

13. 2000-08-17
    listed $84,900 253-char remark

    Show marketing remark (253 chars)

    NEAT & CLEAN 2-STORY IN THE VILLAGE OFFERING 3BR, 1.5BA, 1ST FL LAUNDRY, C/A, BREAKFAST NOOK, 1-CAR FINISHED ATT GARAGE, PARTIAL BSMT, UTILITY SHED. RECENTUPDATES INCLUDE, NEW CARPET & PAINT UPSTAIRS AND NEW LINOLEUM & PAINT INKITCHEN.

ⓘ 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: $2,969 · $247/mo
• Projected year-2 tax: $2,969 · $247/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥97°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,541
• − Mortgage interest: −$5,882
• − Property taxes: −$2,969
• − Insurance: −$525
• − Repairs & maintenance: −$1,723
• − Management: −$1,723
• − Depreciation: −$3,055
• Taxable income: $5,664
• Est. tax owed @ 24.0%: −$1,359
• After-tax cash flow: $5,556/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: Centerburg Local
• NCES district ID: 3904782
• Math proficiency: 60% ▼ -12.00%
• Reading proficiency: 71% ▼ -4.00%
• Median HH income: $65,410
• Composite: 57.07/100
• National rank: #1105
• State rank: #183 of 656 in OH

Livability — Centerburg

• Score: 72/100
• State rank: #367
• US rank: #5932

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Centerburg, OH
• County: Knox · 63,297 people
• Population (ZIP): 6,978
• Household income: $97,929
• Rent vs Own: 9.2% rent · 90.8% own
• Severe rent burden: 8.4

Population outlook (Knox County) Hauer SSP2

• Today (2025): 60,036 people
• By 2030: 58,670 · -2.3%
• By 2040: 54,963 · -8.4%
• By 2050: 51,353 · -14.5%
• By 2075: 43,196 · -28.0%
• By 2100: 34,514 · -42.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3%
• Common ancestry: Slovak 5% Romanian 2% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Knox

• 2024 margin: Solid R (+44.9) · D 27.1% · R 72.0%
• 2008→2024 swing: -25.0pp toward R · 2008: -19.9pp · 2024: -44.9pp
• All cycles: 2024: R+44.9 2020: R+43.8 2016: R+38.2 2012: R+24.3 2008: R+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -110.67%
• Current HPI: 314.3209
• 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

+23.7% since first listed

13 events — show timeline

• 2026-03-21 Pending — CBRMLS
• 2026-03-02 Listed $105,000 CBRMLS
• 2024-04-24 Listing Removed — CBRMLS
• 2024-01-14 Relisted — CBRMLS
• 2024-01-09 Contingent — CBRMLS
• 2023-12-05 Price Changed $158,000 CBRMLS
• 2023-11-03 Price Changed $175,000 CBRMLS
• 2023-11-03 Relisted — CBRMLS
• 2023-10-24 Contingent — CBRMLS
• 2023-10-23 Listed $159,900 CBRMLS
• 2000-10-27 Sold (Public Records) $83,900 Public Records
• 2000-10-26 Sold (MLS) $83,900 CBRMLS
• 2000-08-17 Listed $84,900 CBRMLS

Property tax history

+10.0%/yr

Latest (2025): $2,969 · +14.8% YoY. Source: county tax records.