225 Maud Ave · Lancaster, OH 43130

$110,000

3 bd · 1.0 ba · 1,408 sqft · SingleFamily public records · 2 Days on market

Built 1900 0.86 ac lot Est $194k · 43% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.3/5.0
• Rent growth +3.8/5.0
• Schools +3.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Great investment opportunity! Situated on a double lot (two parcels equaling . 86 acre) in Lancaster, this property features a single-family home and detached garage. Nestled among mature trees, the elevated setting offers privacy and a scenic, park-like feel with lots of potential. The home is in need of renovations and repairs and has been priced accordingly. Property is being sold completely AS-IS. See A2A remarks for additional details.

Key facts

• Double lot
• Elevated setting
• Detached garage

Tags

• DOUBLE LOT
• DETACHED GARAGE
• MATURE TREES
• ELEVATED SETTING
• RENOVATIONS AND REPAIRS

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two levels; Built in 1900; No common walls
• Construction: Slab and stone foundation
• Exterior features: Lot of approximately 0.86 acre; No additional parcels

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating
• Interior features: Insulated partial windows; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $560 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Cap rate 12.4% vs local median 4.2% in Lancaster — 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 86/100 on livability (#41 in OH, #423 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: crime D, employment D.
• Lancaster City (town): math 38% / reading 51% proficiency, ranked #504 of 656 in OH (top 77%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Gorsuch West Elementary School (math 31% / reading 42%, grade F, #1,105 of 1,584 statewide, top 70%, 580 students, 73% FRL); General Sherman Junior High School (math 42% / reading 47%, grade D, #477 of 654 statewide, top 74%, 707 students, 56% FRL); Lancaster High School (math 35% / reading 65%, grade D+, #384 of 781 statewide, top 49%, 1,848 students, 53% FRL).
• Market conditions: Rents rising fast (+5.2%/yr); 201 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $761 of loan paydown is wiped out by about $3k 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 + 5.2% rent growth), your $31k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $66k; list at $110k implies a 67% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $110,000

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. 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?
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: 1.58% ✓
• Cap rate: 12.40%
• Cash-on-cash: 21.80%
• DSCR: 1.97
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $194,304
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
404 Miller Ave	0.15mi	3/2.0	1,320 (-6%)	4mo	$143,000	$108	75
104 S Pierce Ave	0.29mi	3/2.0	1,524 (+8%)	4mo	$125,000	$82	66
452 Westview Dr	0.34mi	3/2.0	1,484 (+5%)	8mo	$224,750	$151	64
461 N Shoshone Dr	0.42mi	3/1.0	1,300 (-8%)	4mo	$151,500	$117	64
401 Busby Ave	0.13mi	3/1.5	1,612 (+14%)	5mo	$255,000	$158	63
215 Harrison Ave	0.41mi	2/1.0 (-1)	1,300 (-8%)	7mo	$145,000	$112	58
323 Garfield Ave	0.30mi	3/1.5	1,574 (+12%)	8mo	$70,000	$44	57
520 W Wheeling St	0.59mi	3/1.0	1,288 (-8%)	4mo	$110,000	$85	55
147 Shawnee Dr	0.46mi	3/2.0	1,294 (-8%)	7mo	$240,000	$185	55
734 Pierce Ave	0.52mi	3/1.0	1,521 (+8%)	9mo	$210,000	$138	55
145 Alameda Ct	0.53mi	3/2.0	1,525 (+8%)	6mo	$259,000	$170	53
1953 Smith Ave	0.65mi	3/1.5	1,225 (-13%)	0mo	$210,000	$171	46

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 · 5.22% rent growth · sell at horizon

5-year hold

• IRR: 17.1%
• Equity multiple: 1.71×
• Total profit: $21,850
• Equity at exit: $16,401

10-year hold

• IRR: 27.2%
• Equity multiple: 3.67×
• Total profit: $82,225
• Equity at exit: $9,511

Cash invested: $30,800 (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 43130

• Rents YoY: 5.2%
• Active inventory: 201
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,740 high
• Mortgage (P&I): −$577
• Tax from tax record: −$192 /mo · $2,308/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $560

Break-even live

Break-even rent $1,032

Max offer price $110,000

Occupancy floor 63%

Sensitivity live

Price	-10% $622	-5% $591	+0% $560	+5% $528	+10% $497
Rent	-10% $422	-5% $491	+0% $560	+5% $628	+10% $697
Rate	-1.0pp $615	-0.5pp $588	base $560	+0.5pp $531	+1.0pp $502

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
421 Washington Ave Lancaster, OH	4.0	1.0	1296	$1,650	$1.27	14d	1	0.38mi
219 N Columbus St Unit 231 Lancaster, OH	2.0	2.0	975	$1,735	$1.78	45d	1	0.96mi
219 N Columbus St Unit 205 Lancaster, OH	2.0	2.0	1103	$1,875	$1.70	45d	1	0.96mi
219 N Columbus St Lancaster, OH	1.0–2.0	1.0–2.0	1184	$1,895	$1.60	0d	31	0.96mi
532 N Columbus St Unit A Lancaster, OH	2.0	1.0	1300	$1,550	$1.19	45d	1	1.04mi
1508 Greyfield ST Lancaster, OH	1.0–3.0	1.0–2.0	953	$1,869	$1.96	0d	1	1.15mi
1733 Bellmeadow Dr Lancaster, OH	1.0–3.0	1.0–2.5	993	$1,855	$1.87	0d	10	1.24mi
635 N High St Lancaster, OH	3.0	2.0	1608	$2,200	$1.37	45d	1	1.36mi

Listing history 4 events

1. 2026-06-17
   status $110,000 Pending 2 DOM
2. 2026-06-16
   days on market $110,000 Active 2 DOM
3. 2026-06-15
   remarks 444-char remark
4. 2026-06-15
   listed $110,000 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: $2,308 · $192/mo
• Projected year-2 tax: $2,308 · $192/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 4/10 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,880
• − Mortgage interest: −$6,162
• − Property taxes: −$2,308
• − Insurance: −$550
• − Repairs & maintenance: −$1,670
• − Management: −$1,670
• − Depreciation: −$3,200
• Taxable income: $5,320
• Est. tax owed @ 24.0%: −$1,277
• After-tax cash flow: $5,439/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: Lancaster City
• NCES district ID: 3904420
• Math proficiency: 38% ▼ -21.00%
• Reading proficiency: 51% ▼ -11.00%
• Median HH income: $41,696
• Composite: 37.39/100
• National rank: #4427
• State rank: #504 of 656 in OH

Livability — Lancaster

• Score: 86/100
• State rank: #41
• US rank: #423

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lancaster, OH
• County: Fairfield County · 109,896 people
• City population: 62,933
• Metro: Columbus, OH
• Population (ZIP): 62,933
• Household income: $72,153
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 1400.0

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 (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 2% Black 2%
• Common ancestry: Slovak 2% Italian 1% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -298.81%
• Current HPI: 239.6352
• Rent YoY: ▲ 5.22%
• 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

+381.2% since first listed

3 events — show timeline

• 2026-06-14 Listed $110,000 CBRMLS
• 1995-10-04 Sold (Public Records) $66,000 Public Records
• 1988-10-12 Sold (Public Records) $22,860 Public Records

Property tax history

+7.3%/yr

Latest (2025): $2,308 · +3.2% YoY. Source: county tax records.