17 S Oregon St · Johnstown, OH 43031

$290,000

3 bd · 1.0 ba · 1,659 sqft · SingleFamily public records · 23 Days on market

Built 1910 9,583 sqft lot $175/sqft · 11% below area Est $325k · 11% under

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Why this score? — see what drove the D+ 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 +12.3/30.0
• ARV discount +12.3/15.0
• Schools +6.5/10.0
• Livability +3.9/5.0
• DSCR +3.7/10.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully updated home in the desirable Johnstown School District with major mechanical and exterior improvements already done for you. This 4-bedroom, 2-bath home offers a flexible layout featuring a convenient first-floor bedroom and full bath. Currently residential with potential to go commercial. The main level flows comfortably for everyday living, while upstairs you'll find three additional bedrooms and a second full bath, providing space and separation for family or guests. Enjoy peace of mind with big-ticket updates already completed, including newer HVAC (approx. 4 years old) and water heater, roof, siding, windows, doors, and appliances all replaced within the last 6 years. This

Key facts

• First-floor bedroom
• Roof
• Water heater

Tags

• FIRST-FLOOR BEDROOM
• FULL BATH
• NEWER HVAC
• WATER HEATER
• ROOF
• SIDING

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 1910
• Construction: No shared/common walls
• Exterior features: Poured foundation

Interior

• Bedrooms: One main-level bedroom
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Insulated windows; Crawl space and partial basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $-50 ($-605/yr) — negative.
• To cash-flow at today's rent, offer at most $281k (3.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (21.0% below list).
• Recommended offer: $229k (21.0% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.8% in Johnstown — 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 77/100 on livability (#186 in OH, #2,873 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F.
• Johnstown-Monroe Local (town): math 70% / reading 79% proficiency, ranked #85 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 66 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 159 units permitted in Licking County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 22y 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 $97k; list at $290k implies a 199% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $229,244 (21.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.79% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.75%
• DSCR: 0.97
• GRM: 10.5

CMA / ARV

• ARV (median comp): $324,738
• List price: $290,000
• Delta: -10.70%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
111 Edwards Rd	0.30mi	3/1.5	1,732 (+4%)	1mo	$410,000	$237	76
256 S Kasson St	0.39mi	3/2.0	1,764 (+6%)	9mo	$295,000	$167	60
416 Sunset Dr	0.53mi	3/2.0	1,675 (+1%)	16mo	$280,000	$167	57
65 Benedict Dr	0.38mi	3/2.0	1,488 (-10%)	6mo	$289,500	$195	56
304 Central Station Dr	0.66mi	3/2.0	1,695 (+2%)	14mo	$415,000	$245	50
57 Northview Dr	0.46mi	4/2.0 (+1)	1,557 (-6%)	14mo	$335,000	$215	48
25 Lewis Dr	0.63mi	3/1.0	1,525 (-8%)	15mo	$317,000	$208	45
562 Cannondale Ave	0.68mi	3/2.0	1,452 (-12%)	2mo	$494,900	$341	42
199 Sunset Dr S	0.67mi	4/2.0 (+1)	1,591 (-4%)	15mo	$208,000	$131	40
144 Payne St	0.37mi	4/2.5 (+1)	1,880 (+13%)	18mo	$369,900	$197	35
221 De Rosa Dr	0.74mi	3/2.0	1,437 (-13%)	15mo	$490,000	$341	26
559 Cannondale Ave	0.71mi	3/2.0	1,414 (-15%)	17mo	$421,000	$298	24

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: -17.6%
• Equity multiple: 0.38×
• Total profit: $-50,257
• Equity at exit: $43,240

10-year hold

• IRR: -9.7%
• Equity multiple: 0.41×
• Total profit: $-48,114
• Equity at exit: $25,074

Cash invested: $81,200 (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 43031

• Active inventory: 66
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,292 medium
• Mortgage (P&I): −$1,521
• Tax from tax record: −$220 /mo · $2,638/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$481
• Net cashflow: $-50

Break-even live

Break-even rent $2,356

Max offer price $281,092

Occupancy floor 97%

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
137 S Williams St Johnstown, OH	2.0	1.0	1312	$1,100	$0.84	16d	1	0.26mi
291 S Main St Johnstown, OH	4.0	2.0	1712	$2,700	$1.58	10d	1	0.41mi
291 S Main St Johnstown, OH	4.0	2.0	1712	$2,700	$1.58	43d	1	0.41mi
304 Gray Fox Ct Johnstown, OH	3.0	2.5	1710	$2,599	$1.52	4d	1	1.07mi

Listing history 28 events

1. 2026-06-18
   days on market $290,000 Active 23 DOM
2. 2026-06-17
   days on market $290,000 Active 22 DOM
3. 2026-06-16
   days on market $290,000 Active 21 DOM
4. 2026-06-15
   price $290,000 Active 20 DOM
5. 2026-06-15
   days on market $309,900 Active 20 DOM
6. 2026-06-13
   days on market $309,900 Active 18 DOM
7. 2026-06-13
   days on market $309,900 Active 17 DOM
8. 2026-06-09
   days on market $309,900 Active 14 DOM
9. 2026-06-08
   days on market $309,900 Active 13 DOM
10. 2026-06-07
    days on market $309,900 Active 12 DOM
11. 2026-06-05
    days on market $309,900 Active 9 DOM
12. 2026-06-03
    days on market $309,900 Active 8 DOM
13. 2026-06-02
    days on market $309,900 Active 7 DOM
14. 2026-06-02
    pricestatusdays on market $309,900 Active 6 DOM
15. 2026-05-10
    historical
16. 2026-05-04
    listed $299,900 Active
17. 2020-07-17
    historical
18. 2020-06-27
    price $229,900
19. 2020-06-05
    listed $239,900 Active
20. 2015-12-03
    historical
21. 2015-05-14
    listed $135,900 Active
22. 2013-12-13
    historical
23. 2013-07-30
    listed $135,900
24. 2004-10-25
    soldstatus $97,000
25. 2004-10-21
    soldstatus $97,000
26. 2004-06-04
    historical
27. 2004-03-31
    listed $109,889
28. 1993-11-02
    soldstatus $54,000

ⓘ 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: $2,638 · $220/mo
• Projected year-2 tax: $3,581 · $298/mo
• Expected delta: +$943/yr (+$79/mo · 35.7%)

ⓘ 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,509
• − Mortgage interest: −$16,245
• − Property taxes: −$2,638
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,201
• − Management: −$2,201
• − Depreciation: −$8,436
• Taxable loss: −$5,661
• Est. tax savings @ 24.0%: +$1,359
• After-tax cash flow: $754/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: Johnstown-Monroe Local
• NCES district ID: 3904798
• Math proficiency: 70% ▼ -4.00%
• Reading proficiency: 79% ▲ 1.00%
• Median HH income: $69,411
• Composite: 64.92/100
• National rank: #510
• State rank: #85 of 656 in OH

Livability — Johnstown

• Score: 77/100
• State rank: #186
• US rank: #2873

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Johnstown, OH
• County: Licking County · 109,194 people
• City population: 13,876
• Metro: Columbus, OH
• Population (ZIP): 13,876
• Household income: $110,930
• Rent vs Own: 19.6% rent · 80.4% own
• Severe rent burden: 216.0

Population outlook (Licking County) Hauer SSP2

• Today (2025): 178,210 people
• By 2030: 180,917 · +1.5%
• By 2040: 183,885 · +3.2%
• By 2050: 182,985 · +2.7%
• By 2075: 178,377 · +0.1%
• By 2100: 161,075 · -9.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 1%
• Common ancestry: Romanian 3% Italian 3% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Licking

• 2024 margin: Solid R (+30.0) · D 34.5% · R 64.6%
• 2008→2024 swing: -14.2pp toward R · 2008: -15.8pp · 2024: -30.0pp
• All cycles: 2024: R+30.0 2020: R+28.1 2016: R+28.9 2012: R+14.7 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -310.19%
• Current HPI: 280.5337
• Rent YoY: —
• Metro: Columbus, 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

+437.0% since first listed

17 events — show timeline

• 2026-06-15 Price Changed $290,000 CBRMLS
• 2026-06-01 Relisted — CBRMLS
• 2026-06-01 Price Changed $309,900 CBRMLS
• 2026-05-10 Listing Removed — CBRMLS
• 2026-05-04 Listed $299,900 CBRMLS
• 2020-07-17 Listing Removed — CBRMLS
• 2020-06-27 Price Changed $229,900 CBRMLS
• 2020-06-05 Listed $239,900 CBRMLS
• 2015-12-03 Listing Removed — CBRMLS
• 2015-05-14 Listed $135,900 CBRMLS
• 2013-12-13 Listing Removed — CBRMLS
• 2013-07-30 Listed $135,900 CBRMLS
• 2004-10-25 Sold (Public Records) $97,000 Public Records
• 2004-10-21 Sold (MLS) $97,000 CBRMLS
• 2004-06-04 Listing Removed — CBRMLS
• 2004-03-31 Listed $109,889 CBRMLS
• 1993-11-02 Sold (Public Records) $54,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $2,638 · +0.9% YoY. Source: county tax records.