676 E Mark St · Marion, OH 43302

$67,900

2 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 11 Days on market

Built 1900 6,098 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
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Need a main floor bedroom and laundry?Large kitchen?Large Family Room?2 car garage and fenced in backyard and large deck?All of this can be yours for under $50,000!Run, don't walk to see this move-in ready property. Agent is related to seller. ;null

Key facts

• Main-floor bedroom
• Fenced yard
• Oversized deck

Tags

• MAIN-FLOOR BEDROOM
• LARGE KITCHEN
• SPACIOUS FAMILY ROOM
• FENCED YARD
• OVERSIZED DECK

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family home; Two stories; No shared/common walls; Built in 1900
• Construction: Block foundation
• Exterior features: Fenced yard; Lot approximately 0.14 acres

Interior

• Bedrooms: One main-level bedroom
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Open living area; Carpet and vinyl flooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $544 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Cap rate 15.9% vs local median 6.9% in Marion — 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 65/100 on livability (#704 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D+, amenities F.
• Marion City (town): math 22% / reading 31% proficiency, ranked #600 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 210 active listings in the ZIP; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $469 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Marion County population projected at -18% 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 $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 15y 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 $44k; list at $68k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,900

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 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. 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?
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: 1.90% ✓
• Cap rate: 15.90%
• Cash-on-cash: 34.32%
• DSCR: 2.53
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $195,696
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
244 N Seffner Ave	0.26mi	3/1.5 (+1)	1,328 (+2%)	6mo	$199,900	$151	72
174 Barnhart St	0.48mi	3/1.5 (+1)	1,296 (0%)	1mo	$189,000	$146	70
464 Ballentine Ave	0.53mi	2/1.0	1,280 (-1%)	5mo	$135,000	$105	69
194 Chicago Ave	0.51mi	3/1.5 (+1)	1,287 (-1%)	1mo	$197,000	$153	67
501 Roberts Ave	0.50mi	3/2.0 (+1)	1,344 (+4%)	3mo	$167,000	$124	59
196 Forest Lawn Blvd	0.67mi	2/1.5	1,326 (+2%)	4mo	$203,000	$153	59
749 Richmond Ave	0.57mi	3/1.5 (+1)	1,345 (+4%)	4mo	$179,900	$134	57
138 Carhart St	0.37mi	2/2.0	1,488 (+15%)	4mo	$40,000	$27	51
279 E Fairground St	0.67mi	2/1.0	1,168 (-10%)	2mo	$163,000	$140	51
234 Chicago Ave	0.48mi	3/2.0 (+1)	1,164 (-10%)	6mo	$180,000	$155	47
271 Uhler Ave	0.69mi	3/1.5 (+1)	1,192 (-8%)	2mo	$219,900	$184	46
357 Franconia Ave	0.74mi	3/1.0 (+1)	1,140 (-12%)	4mo	$184,000	$161	37

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: 29.8%
• Equity multiple: 2.24×
• Total profit: $23,656
• Equity at exit: $10,124

10-year hold

• IRR: 37.1%
• Equity multiple: 4.43×
• Total profit: $65,289
• Equity at exit: $5,871

Cash invested: $19,012 (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 43302

• Home prices YoY: -33.9%
• Active inventory: 210
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,288 medium
• Mortgage (P&I): −$356
• Tax from tax record: −$89 /mo · $1,072/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $544

Break-even live

Break-even rent $600

Max offer price $67,900

Occupancy floor 53%

Sensitivity live

Price	-10% $582	-5% $563	+0% $544	+5% $525	+10% $505
Rent	-10% $442	-5% $493	+0% $544	+5% $595	+10% $646
Rate	-1.0pp $578	-0.5pp $561	base $544	+0.5pp $526	+1.0pp $508

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: $16,975
• Closing costs: $2,037
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-19
   days on market $67,900 Active 11 DOM
2. 2026-06-18
   price $67,900 Active 10 DOM
3. 2026-06-18
   days on market $68,900 Active 10 DOM
4. 2026-06-18
   price $68,900 Active 9 DOM
5. 2026-06-17
   days on market $69,900 Active 9 DOM
6. 2026-06-16
   days on market $69,900 Active 8 DOM
7. 2026-06-15
   days on market $69,900 Active 7 DOM
8. 2026-06-14
   days on market $69,900 Active 5 DOM
9. 2026-06-12
   days on market $69,900 Active 4 DOM
10. 2026-06-09
    remarks 450-char remark
11. 2026-06-09
    listed $69,900 Active 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: $1,072 · $89/mo
• Projected year-2 tax: $1,072 · $89/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 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,456
• − Mortgage interest: −$3,803
• − Property taxes: −$1,072
• − Insurance: −$340
• − Repairs & maintenance: −$1,236
• − Management: −$1,236
• − Depreciation: −$1,975
• Taxable income: $5,793
• Est. tax owed @ 24.0%: −$1,390
• After-tax cash flow: $5,136/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: Marion City
• NCES district ID: 3904433
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $32,327
• Composite: 21.58/100
• National rank: #8306
• State rank: #600 of 656 in OH

Livability — Marion

• Score: 65/100
• State rank: #704
• US rank: #12605

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, OH
• County: Marion County · 53,702 people
• City population: 53,702
• Metro: Marion, OH
• Population (ZIP): 53,702
• Household income: $55,057
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1554.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.52%
• Current HPI: 223.5344
• Rent YoY: —
• Metro: Marion, OH
• 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

+0.0% since first listed

17 events — show timeline

• 2026-06-08 Listed $69,900 CBRMLS
• 2021-06-02 Listing Removed — CBRMLS
• 2019-12-04 Listing Removed — CBRMLS
• 2019-12-03 Sold (Public Records) $44,500 Public Records
• 2019-12-03 Sold (MLS) $44,500 CBRMLS
• 2019-12-03 Sold (MLS) $44,500 CBRMLS
• 2019-07-11 Listed $44,900 CBRMLS
• 2019-07-11 Listed $44,900 CBRMLS
• 2011-09-29 Listing Removed — CBRMLS
• 2011-09-17 Listed $24,500 CBRMLS
• 2011-09-17 Listed $23,500 CBRMLS
• 2011-08-17 Listing Removed — CBRMLS
• 2011-05-20 Listed $24,900 CBRMLS
• 2011-05-10 Listing Removed — CBRMLS
• 2011-05-06 Sold (MLS) $15,375 CBRMLS
• 2011-04-01 Listed $15,150 CBRMLS
• 2005-02-11 Sold (Public Records) $69,900 Public Records

Property tax history

+3.9%/yr

Latest (2025): $1,072 · +0.0% YoY. Source: county tax records.