1130 3rd St NW · New Philadelphia, OH 44663

$159,900

3 bd · 1.0 ba · 1,536 sqft · SingleFamily public records · 2 Days on market

Built 1926 9,278 sqft lot Est $221k · 28% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +14.1/30.0
• Schools +5.3/10.0
• DSCR +4.3/10.0
• Livability +3.8/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this charming 3-bedroom, 1-bath bungalow offering approximately 1,500 square feet of comfortable living space. Perfect for first-time buyers or those looking to downsize, this home features a freshly painted main level and beautiful original hardwood floors throughout the living room, dining room, and first-floor bedroom, adding warmth and character. Upstairs is a third walk-through bedroom. The full basement provides additional storage and functionality with an extra shower already in place. Enjoy your morning coffee on the covered front porch, featuring a newer subfloor and outdoor carpeting, or unwind on the covered back patio. A detached one-car garage adds convenience a

Key facts

• Covered front porch
• Full basement
• Covered back patio

Tags

• COVERED FRONT PORCH
• COVERED BACK PATIO
• DETACHED ONE CAR GARAGE
• FULL BASEMENT
• ORIGINAL HARDWOOD FLOORS
• CENTRAL AIR

Property features AI

Finance

• Financial info: Annual tax information available

Exterior

• Parking: Detached garage with electricity; Concrete surfaces
• Utilities: Public water; Public sewer
• Home design: Aluminum siding; Asphalt fiberglass roof; Above-grade finished area approx. 1,536
• Construction: Aluminum siding construction; Asphalt/fiberglass roof; Basement (concrete, unfinished)
• Exterior features: Covered front porch; Patio; Flat, level lot

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air gas heating; Central air conditioning
• Interior features: 6 total rooms; Basement: concrete, unfinished
• Laundry & utility: Washer; Dryer; Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $22 ($267/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $133k (16.8% below list).
• Recommended offer: $133k (16.8% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 2.6% 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.
• Zoned schools: New Philadelphia High School (math 42% / reading 64%, grade C-, #338 of 781 statewide, top 43%, 744 students, 36% FRL) — zoned schools at 36% FRL track the district average.
• Market conditions: 72 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,981 (16.8% below list)

Questions for the listing agent

1. Built in 1926 — 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: 0.83% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.60%
• DSCR: 1.03
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $221,184
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1203 4th St NW	0.05mi	3/1.5	1,392 (-9%)	3mo	$192,590	$138	78
639 4th St NW	0.43mi	3/2.0	1,544 (+0%)	3mo	$223,000	$144	73
633 4th St NW	0.44mi	3/1.0	1,530 (-0%)	8mo	$200,500	$131	72
728 Oak St NW	0.41mi	3/1.5	1,464 (-5%)	1mo	$244,900	$167	70
185 Wabash Ave NW	0.26mi	3/2.0	1,392 (-9%)	5mo	$175,000	$126	64
334 Monroe St	0.53mi	3/2.0	1,500 (-2%)	6mo	$339,840	$227	63
1008 Union Ave NW	0.71mi	3/1.5	1,568 (+2%)	4mo	$175,000	$112	58
671 Orchard Ave NW	0.59mi	3/1.5	1,608 (+5%)	8mo	$257,000	$160	56
629 E Wills Ave	0.53mi	3/3.0	1,624 (+6%)	3mo	$314,900	$194	55
148 North Ave NW	0.75mi	3/1.5	1,403 (-9%)	3mo	$105,000	$75	46
419 3rd St NW	0.63mi	3/2.0	1,704 (+11%)	7mo	$269,900	$158	42
431 Cedar Ln NW	0.70mi	2/2.5 (-1)	1,320 (-14%)	6mo	$77,500	$59	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: -15.4%
• Equity multiple: 0.45×
• Total profit: $-24,520
• Equity at exit: $23,842

10-year hold

• IRR: -6.9%
• Equity multiple: 0.56×
• Total profit: $-19,636
• Equity at exit: $13,825

Cash invested: $44,772 (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: 72
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,330 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$123 /mo · $1,478/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $22

Break-even live

Break-even rent $1,302

Max offer price $159,900

Occupancy floor 93%

Sensitivity live

Price	-10% $113	-5% $68	+0% $22	+5% $-23	+10% $-68
Rent	-10% $-83	-5% $-30	+0% $22	+5% $75	+10% $127
Rate	-1.0pp $103	-0.5pp $63	base $22	+0.5pp $-19	+1.0pp $-61

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-06-12
   remarks 699-char remark
2. 2026-06-12
   listed $159,900 Pending 2 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: $1,478 · $123/mo
• Projected year-2 tax: $1,986 · $166/mo
• Expected delta: +$508/yr (+$42/mo · 34.4%)

ⓘ 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 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: $15,958
• − Mortgage interest: −$8,957
• − Property taxes: −$1,478
• − Insurance: −$800
• − Repairs & maintenance: −$1,277
• − Management: −$1,277
• − Depreciation: −$4,652
• Taxable loss: −$2,481
• Est. tax savings @ 24.0%: +$595
• After-tax cash flow: $863/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

2 events — show timeline

• 2026-06-11 Pending — MLSNOW
• 2026-06-09 Listed $159,900 MLSNOW

Property tax history

+4.2%/yr

Latest (2025): $1,478 · +18.8% YoY. Source: county tax records.