11999 Broad St · Millersport, OH 43046

$139,000

4 bd · 3.0 ba · 1,758 sqft · MultiFamily public records · 186 Days on market

Built 1900

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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
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Back on Market!!! Canal front parcel just added to listing with . 24 acres! Totally gutted home with Fairfield Co. tax card listing enough room for 4 bedrooms, 2 baths, 1758 square feet only on the upper floor located in the heart of Millersport on a dead end street. Wooded in back and the second parcel is on the main canal with a dock, however, jet skis and small boats only to get through the bridge over Lancaster St. There is a new electric weatherhead and box recently put in by TWC, also with a new breaker panel. There is some new wiring downstairs only. New hot water tank, too. House is definitely not livable at the present time, but could be made into a beautiful canal front home with your ideas and imagination. Great buy for Millersport!

Key facts

• Built 1900
• Listed 186 days

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath multifamily listed at $139k.

Deal economics

• At list price, monthly cash flow is $536 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $122k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#614 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Walnut Township Local (suburban): math 57% / reading 66% proficiency, ranked #263 of 656 in OH (top 40%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 32 active listings in the ZIP; solid renter incomes; 475 units permitted in Fairfield County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Fairfield County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 186 days — a 12% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $122,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 186 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.39% ✓
• Cap rate: 10.92%
• Cash-on-cash: 16.54%
• DSCR: 1.74
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 7.7%
• Equity multiple: 1.30×
• Total profit: $11,680
• Equity at exit: $20,725

10-year hold

• IRR: 17.0%
• Equity multiple: 2.40×
• Total profit: $54,341
• Equity at exit: $12,018

Cash invested: $38,920 (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 43046

• Active inventory: 32
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,929 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$201 /mo · $2,409/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $536

Break-even live

Break-even rent $1,250

Max offer price $139,000

Occupancy floor 67%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,930
Total (2 units)			$1,929

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-03
   status Pending 753-char remark

   Show marketing remark (753 chars)

   Back on Market!!! Canal front parcel just added to listing with . 24 acres! Totally gutted home with Fairfield Co. tax card listing enough room for 4 bedrooms, 2 baths, 1758 square feet only on the upper floor located in the heart of Millersport on a dead end street. Wooded in back and the second parcel is on the main canal with a dock, however, jet skis and small boats only to get through the bridge over Lancaster St. There is a new electric weatherhead and box recently put in by TWC, also with a new breaker panel. There is some new wiring downstairs only. New hot water tank, too. House is definitely not livable at the present time, but could be made into a beautiful canal front home with your ideas and imagination. Great buy for Millersport!

2. 2026-04-30
   status Active 753-char remark

   Show marketing remark (753 chars)

   Back on Market!!! Canal front parcel just added to listing with . 24 acres! Totally gutted home with Fairfield Co. tax card listing enough room for 4 bedrooms, 2 baths, 1758 square feet only on the upper floor located in the heart of Millersport on a dead end street. Wooded in back and the second parcel is on the main canal with a dock, however, jet skis and small boats only to get through the bridge over Lancaster St. There is a new electric weatherhead and box recently put in by TWC, also with a new breaker panel. There is some new wiring downstairs only. New hot water tank, too. House is definitely not livable at the present time, but could be made into a beautiful canal front home with your ideas and imagination. Great buy for Millersport!

3. 2026-03-16
   historical 753-char remark

   Show marketing remark (753 chars)

   Back on Market!!! Canal front parcel just added to listing with . 24 acres! Totally gutted home with Fairfield Co. tax card listing enough room for 4 bedrooms, 2 baths, 1758 square feet only on the upper floor located in the heart of Millersport on a dead end street. Wooded in back and the second parcel is on the main canal with a dock, however, jet skis and small boats only to get through the bridge over Lancaster St. There is a new electric weatherhead and box recently put in by TWC, also with a new breaker panel. There is some new wiring downstairs only. New hot water tank, too. House is definitely not livable at the present time, but could be made into a beautiful canal front home with your ideas and imagination. Great buy for Millersport!

4. 2025-09-14
   historical Contingent 753-char remark

   Show marketing remark (753 chars)

   Back on Market!!! Canal front parcel just added to listing with . 24 acres! Totally gutted home with Fairfield Co. tax card listing enough room for 4 bedrooms, 2 baths, 1758 square feet only on the upper floor located in the heart of Millersport on a dead end street. Wooded in back and the second parcel is on the main canal with a dock, however, jet skis and small boats only to get through the bridge over Lancaster St. There is a new electric weatherhead and box recently put in by TWC, also with a new breaker panel. There is some new wiring downstairs only. New hot water tank, too. House is definitely not livable at the present time, but could be made into a beautiful canal front home with your ideas and imagination. Great buy for Millersport!

5. 2025-09-14
   listed $139,000 Active 753-char remark

   Show marketing remark (753 chars)

   Back on Market!!! Canal front parcel just added to listing with . 24 acres! Totally gutted home with Fairfield Co. tax card listing enough room for 4 bedrooms, 2 baths, 1758 square feet only on the upper floor located in the heart of Millersport on a dead end street. Wooded in back and the second parcel is on the main canal with a dock, however, jet skis and small boats only to get through the bridge over Lancaster St. There is a new electric weatherhead and box recently put in by TWC, also with a new breaker panel. There is some new wiring downstairs only. New hot water tank, too. House is definitely not livable at the present time, but could be made into a beautiful canal front home with your ideas and imagination. Great buy for Millersport!

6. 2017-08-12
   historical
7. 2017-07-18
   price $139,900
8. 2017-06-07
   price $149,750
9. 2017-03-13
   price $159,900
10. 2017-02-06
    listed $169,900 Active
11. 2003-11-21
    soldstatus $130,000

ⓘ 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: $2,409 · $201/mo
• Projected year-2 tax: $2,409 · $201/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 ≥99°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,148
• − Mortgage interest: −$7,786
• − Property taxes: −$2,409
• − Insurance: −$695
• − Repairs & maintenance: −$1,852
• − Management: −$1,852
• − Depreciation: −$4,044
• Taxable income: $4,511
• Est. tax owed @ 24.0%: −$1,083
• After-tax cash flow: $5,353/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: Walnut Township Local
• NCES district ID: 3904690
• Math proficiency: 57% ▼ -9.00%
• Reading proficiency: 66% ▼ -5.00%
• Median HH income: $52,352
• Composite: 52.51/100
• National rank: #1565
• State rank: #263 of 656 in OH

Livability — Millersport

• Score: 67/100
• State rank: #614
• US rank: #10609

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Millersport, OH
• County: Fairfield · 186,676 people
• City population: 3,128
• Metro: Columbus, OH
• Population (ZIP): 3,128
• Household income: $86,295
• Rent vs Own: 21.6% rent · 78.4% own
• Severe rent burden: 3.2

Population outlook (Fairfield County) Hauer SSP2

• Today (2025): 162,442 people
• By 2030: 166,796 · +2.7%
• By 2040: 172,835 · +6.4%
• By 2050: 174,822 · +7.6%
• By 2075: 174,938 · +7.7%
• By 2100: 160,988 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 4% Black 3%
• Common ancestry: Lithuanian 2% Iranian 1% Serbian 1%
• Foreign-born: 1%

Political lean MEDSL · Fairfield

• 2024 margin: Strong R (+24.1) · D 37.5% · R 61.6%
• 2008→2024 swing: -6.9pp toward R · 2008: -17.1pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+23.5 2016: R+27.0 2012: R+16.1 2008: R+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -190.85%
• Current HPI: 256.1642
• 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

+6.9% since first listed

11 events — show timeline

• 2026-05-03 Pending — CBRMLS
• 2026-04-30 Relisted — CBRMLS
• 2026-03-16 Listing Removed — CBRMLS
• 2025-09-14 Contingent — CBRMLS
• 2025-09-14 Listed $139,000 CBRMLS
• 2017-08-12 Listing Removed — CBRMLS
• 2017-07-18 Price Changed $139,900 CBRMLS
• 2017-06-07 Price Changed $149,750 CBRMLS
• 2017-03-13 Price Changed $159,900 CBRMLS
• 2017-02-06 Listed $169,900 CBRMLS
• 2003-11-21 Sold (Public Records) $130,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $2,409 · +18.9% YoY. Source: county tax records.