521 W Broadway St · Wellston, OH 45692

$69,900

3 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 159 Days on market

Built 1900 6,969 sqft lot $70/sqft · 43% below area Est $123k · 43% under ↓ 7% since listing

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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 +27.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.1/10.0
• Appreciation +3.5/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Cute 1.5 story home with covered front porch, rear deck and detached garage with concrete floors located in Wellston on W. Broadway St. The home offers 2/3 bedrooms with 1 bathroom. Spacious kitchen and dining/other room. Purchasers may use any lender they choose to finance the purchase of a property. However, the seller requires that all non cash offers must be pre-qualified by NewRez Home Loan Division prior to offer acceptance. For the free pre-qualification, contact Brian Brown at 469-630-8010 or brian. [email protected]. Room sizes are estimated. This property is now active in an online auction. All offers must be submitted through the property's listing page on www. auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

Key facts

• Covered front porch
• Spacious kitchen
• Dining room

Tags

• COVERED FRONT PORCH
• REAR DECK
• DETACHED GARAGE
• CONCRETE FLOORS
• SPACIOUS KITCHEN
• DINING ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $208 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($849 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 3.2% in Wellston — 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 67/100 on livability (#606 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: health & safety C-, employment D, amenities F.
• Wellston City (rural): math 38% / reading 47% proficiency, ranked #532 of 656 in OH (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bundy Elementary School (297 students, 0% FRL); Wellston Middle School (math 42% / reading 47%, grade D, #477 of 654 statewide, top 74%, 301 students, 0% FRL); Wellston High School (math 22% / reading 52%, grade F, #564 of 781 statewide, top 74%, 377 students, 0% FRL) — zoned schools average 0% FRL vs 59% district-wide (59 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 50 active listings in the ZIP; 32 units permitted in Jackson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Jackson County population projected at -22% 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 $20k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 159 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $27k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $61,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 159 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. 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: 1.21% ✓
• Cap rate: 9.87%
• Cash-on-cash: 12.77%
• DSCR: 1.57
• GRM: 6.9

CMA / ARV

• ARV (median comp): $122,652
• List price: $69,900
• Delta: -43.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
424 S Missouri St	0.31mi	3/1.0	1,120 (+12%)	3mo	$75,000	$67	63
119 N Park Ave	0.37mi	2/2.0 (-1)	1,051 (+5%)	8mo	$108,000	$103	58
253 S Illinois Ave	0.28mi	2/1.0 (-1)	1,140 (+14%)	5mo	$125,000	$110	54
222 N Minnesota Ave	0.18mi	3/1.0	1,134 (+13%)	18mo	$120,000	$106	54

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: 2.6%
• Equity multiple: 1.10×
• Total profit: $1,937
• Equity at exit: $10,422

10-year hold

• IRR: 12.1%
• Equity multiple: 1.96×
• Total profit: $18,767
• Equity at exit: $6,044

Cash invested: $19,572 (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 45692

• Home prices YoY: -1.4%
• Active inventory: 50
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $849 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$67 /mo · $801/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $208

Break-even live

Break-even rent $585

Max offer price $69,900

Occupancy floor 70%

Sensitivity live

Price	-10% $248	-5% $228	+0% $208	+5% $188	+10% $169
Rent	-10% $141	-5% $175	+0% $208	+5% $242	+10% $275
Rate	-1.0pp $243	-0.5pp $226	base $208	+0.5pp $190	+1.0pp $172

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-07
   statusdays on market $69,900 Pending 159 DOM
2. 2026-06-04
   days on market $69,900 Active 156 DOM
3. 2026-06-02
   days on market $69,900 Active 155 DOM
4. 2026-06-01
   days on market $69,900 Active 154 DOM
5. 2026-05-31
   days on market $69,900 Active 153 DOM
6. 2026-05-07
   status Active 871-char remark

   Show marketing remark (871 chars)

   Cute 1.5 story home with covered front porch, rear deck and detached garage with concrete floors located in Wellston on W. Broadway St. The home offers 2/3 bedrooms with 1 bathroom. Spacious kitchen and dining/other room. Purchasers may use any lender they choose to finance the purchase of a property. However, the seller requires that all non cash offers must be pre-qualified by NewRez Home Loan Division prior to offer acceptance. For the free pre-qualification, contact Brian Brown at 469-630-8010 or brian. [email protected]. Room sizes are estimated. This property is now active in an online auction. All offers must be submitted through the property's listing page on www. auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

7. 2026-04-23
   price $69,900 871-char remark

   Show marketing remark (871 chars)

   Cute 1.5 story home with covered front porch, rear deck and detached garage with concrete floors located in Wellston on W. Broadway St. The home offers 2/3 bedrooms with 1 bathroom. Spacious kitchen and dining/other room. Purchasers may use any lender they choose to finance the purchase of a property. However, the seller requires that all non cash offers must be pre-qualified by NewRez Home Loan Division prior to offer acceptance. For the free pre-qualification, contact Brian Brown at 469-630-8010 or brian. [email protected]. Room sizes are estimated. This property is now active in an online auction. All offers must be submitted through the property's listing page on www. auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

8. 2026-04-22
   historical Active Under Contract 871-char remark

   Show marketing remark (871 chars)

   Cute 1.5 story home with covered front porch, rear deck and detached garage with concrete floors located in Wellston on W. Broadway St. The home offers 2/3 bedrooms with 1 bathroom. Spacious kitchen and dining/other room. Purchasers may use any lender they choose to finance the purchase of a property. However, the seller requires that all non cash offers must be pre-qualified by NewRez Home Loan Division prior to offer acceptance. For the free pre-qualification, contact Brian Brown at 469-630-8010 or brian. [email protected]. Room sizes are estimated. This property is now active in an online auction. All offers must be submitted through the property's listing page on www. auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

9. 2025-12-29
   listed $96,900 Active 871-char remark

   Show marketing remark (871 chars)

   Cute 1.5 story home with covered front porch, rear deck and detached garage with concrete floors located in Wellston on W. Broadway St. The home offers 2/3 bedrooms with 1 bathroom. Spacious kitchen and dining/other room. Purchasers may use any lender they choose to finance the purchase of a property. However, the seller requires that all non cash offers must be pre-qualified by NewRez Home Loan Division prior to offer acceptance. For the free pre-qualification, contact Brian Brown at 469-630-8010 or brian. [email protected]. Room sizes are estimated. This property is now active in an online auction. All offers must be submitted through the property's listing page on www. auction.com. The sale will be subject to a 5% buyer's premium pursuant to the Auction Terms and Conditions (minimums may apply). All auction bids will be processed subject to seller approval.

10. 2021-10-13
    soldstatus $73,000
11. 2021-10-06
    soldstatus $73,000 182-char remark

    Show marketing remark (182 chars)

    Nicely maintained and newly renovated, 3br, 1 full bath, cute kitchen with appliances, den. Comfortable front porch and rear deck. 1 car plus storage detached garage. All for $75,000

12. 2021-07-22
    listed $75,000 182-char remark

    Show marketing remark (182 chars)

    Nicely maintained and newly renovated, 3br, 1 full bath, cute kitchen with appliances, den. Comfortable front porch and rear deck. 1 car plus storage detached garage. All for $75,000

ⓘ 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: $801 · $67/mo
• Projected year-2 tax: $946 · $79/mo
• Expected delta: +$145/yr (+$12/mo · 18.1%)

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 19 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: $10,188
• − Mortgage interest: −$3,915
• − Property taxes: −$801
• − Insurance: −$350
• − Repairs & maintenance: −$815
• − Management: −$815
• − Depreciation: −$2,033
• Taxable income: $1,458
• Est. tax owed @ 24.0%: −$350
• After-tax cash flow: $2,149/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: Wellston City
• NCES district ID: 3904502
• Math proficiency: 38% ▼ -18.00%
• Reading proficiency: 47% ▼ -10.00%
• Median HH income: $35,982
• Composite: 35.2/100
• National rank: #4991
• State rank: #532 of 656 in OH

Livability — Wellston

• Score: 67/100
• State rank: #606
• US rank: #10407

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wellston, OH
• County: Jackson · 32,540 people
• City population: 7,699
• Population (ZIP): 7,699
• Household income: $52,449
• Rent vs Own: 30.4% rent · 69.6% own

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 30,794 people
• By 2030: 29,535 · -4.1%
• By 2040: 26,757 · -13.1%
• By 2050: 23,897 · -22.4%
• By 2075: 17,115 · -44.4%
• By 2100: 10,908 · -64.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Two or more races 1%
• Common ancestry: Italian 2% Lithuanian 1% Serbian 1%
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+58.1) · D 20.7% · R 78.8%
• 2008→2024 swing: -37.9pp toward R · 2008: -20.2pp · 2024: -58.1pp
• All cycles: 2024: R+58.1 2020: R+54.1 2016: R+48.9 2012: R+20.8 2008: R+20.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.09%
• Current HPI: 219.2619
• 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

-6.8% since first listed

7 events — show timeline

• 2026-05-07 Relisted — SVAR
• 2026-04-23 Price Changed $69,900 SVAR
• 2026-04-22 Contingent — SVAR
• 2025-12-29 Listed $96,900 SVAR
• 2021-10-13 Sold (Public Records) $73,000 Public Records
• 2021-10-06 Sold (MLS) $73,000 ACBOR
• 2021-07-22 Listed $75,000 ACBOR

Property tax history

+3.5%/yr

Latest (2025): $801 · +4.1% YoY. Source: county tax records.