215 N Dewitt St · Paulding, OH 45879

$75,000

2 bd · 1.0 ba · 1,300 sqft · SingleFamily public records · 462 Days on market

Built 1947 8,778 sqft lot $58/sqft · 29% below area Est $114k · 34% under ↓ 2% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Schools +4.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Delightful Private Setting between Alley & Place of Worship. Lots of shade trees, perennials, on large town lot. Cute barn style home with matching 2-story bldg. Well insulated; sofits, eaves, leafguards in place; replacement windows upstairs; new roof on front of house; 3 dormers, large screened-in porch in back -- Good Buy...needs carpet.

Key facts

• Remodeled
• Sunroom
• Corner lot

Tags

• REMODELED
• NEW WINDOWS
• CORNER LOT
• LARGE REAR SHED
• SUNROOM

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $342 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#610 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Paulding Exempted Village (town): math 57% / reading 60% proficiency, ranked #319 of 656 in OH (top 49%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Paulding Elementary School (math 62% / reading 62%, grade B, #590 of 1,584 statewide, top 41%, 434 students, 50% FRL); Paulding Middle School (math 52% / reading 54%, grade C+, #372 of 654 statewide, top 58%, 269 students, 0% FRL); Paulding High School (math 27% / reading 47%, grade F, #564 of 781 statewide, top 74%, 348 students, 88% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: 16 active listings in the ZIP; 22 units permitted in Paulding County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Paulding County population projected at -27% 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 $21k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 462 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y 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 $18k; list at $75k implies a 317% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 462 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 1947 — 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: 1.42% ✓
• Cap rate: 11.77%
• Cash-on-cash: 19.57%
• DSCR: 1.87
• GRM: 5.8

CMA / ARV

• ARV (median comp): $113,890
• List price: $75,000
• Delta: -34.15%
• 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
614 W Jackson St	0.02mi	3/2.0 (+1)	1,350 (+4%)	3mo	$185,000	$137	81
717 W Harrison St	0.19mi	3/1.0 (+1)	1,390 (+7%)	2mo	$115,000	$83	73
508 W Jackson St	0.08mi	3/1.0 (+1)	1,142 (-12%)	4mo	$72,500	$63	68
111 W Wayne St	0.44mi	3/2.0 (+1)	1,322 (+2%)	1mo	$209,000	$158	67
752 N Dix St	0.42mi	3/1.0 (+1)	1,260 (-3%)	6mo	$159,900	$127	65
820 W Perry St	0.17mi	2/1.0	1,108 (-15%)	9mo	$81,000	$73	60
606 Lincoln Ave	0.62mi	3/1.0 (+1)	1,260 (-3%)	4mo	$129,500	$103	57
300 S Williams St	0.45mi	3/1.5 (+1)	1,399 (+8%)	5mo	$140,000	$100	56
820 Springdale Dr	0.70mi	3/1.5 (+1)	1,218 (-6%)	9mo	$177,000	$145	43
761 Woodring Ave	0.47mi	3/1.0 (+1)	1,116 (-14%)	8mo	$155,000	$139	42
726 N Main St	0.58mi	3/1.0 (+1)	1,120 (-14%)	3mo	$68,000	$61	42
320 E Baldwin Ave	0.65mi	3/1.0 (+1)	1,473 (+13%)	8mo	$130,000	$88	36

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: 11.6%
• Equity multiple: 1.46×
• Total profit: $9,663
• Equity at exit: $11,183

10-year hold

• IRR: 20.6%
• Equity multiple: 2.74×
• Total profit: $36,523
• Equity at exit: $6,485

Cash invested: $21,000 (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 45879

• Home prices YoY: -16.5%
• Active inventory: 16
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,068 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$77 /mo · $925/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $342

Break-even live

Break-even rent $635

Max offer price $75,000

Occupancy floor 63%

Sensitivity live

Price	-10% $385	-5% $364	+0% $342	+5% $321	+10% $300
Rent	-10% $258	-5% $300	+0% $342	+5% $385	+10% $427
Rate	-1.0pp $380	-0.5pp $362	base $342	+0.5pp $323	+1.0pp $303

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-21
   days on market $75,000 Active 462 DOM
2. 2026-06-21
   days on market $75,000 Active 461 DOM
3. 2026-06-18
   days on market $75,000 Active 459 DOM
4. 2026-06-17
   days on market $75,000 Active 458 DOM
5. 2026-06-16
   days on market $75,000 Active 457 DOM
6. 2026-06-15
   days on market $75,000 Active 456 DOM
7. 2026-06-13
   days on market $75,000 Active 454 DOM
8. 2026-06-12
   days on market $75,000 Active 453 DOM
9. 2026-06-09
   days on market $75,000 Active 450 DOM
10. 2026-06-08
    days on market $75,000 Active 449 DOM
11. 2026-06-08
    days on market $75,000 Active 448 DOM
12. 2026-06-07
    days on market $75,000 Active 447 DOM
13. 2026-06-04
    days on market $75,000 Active 444 DOM
14. 2026-06-02
    days on market $75,000 Active 443 DOM
15. 2026-06-01
    days on market $75,000 Active 442 DOM
16. 2026-05-31
    days on market $75,000 Active 441 DOM
17. 2025-10-09
    price $22,500 348-char remark

    Show marketing remark (348 chars)

    Delightful Private Setting between Alley & Place of Worship. Lots of shade trees, perennials, on large town lot. Cute barn style home with matching 2-story bldg. Well insulated; sofits, eaves, leafguards in place; replacement windows upstairs; new roof on front of house; 3 dormers, large screened-in porch in back -- Good Buy...needs carpet.

18. 2025-08-20
    status Active 390-char remark

    Show marketing remark (390 chars)

    Nice size of home that is in the process of being remodeled. Mostly all new windows are already installed. Corner lot with large rear shed. Home has 2 bedrooms and 1 bathroom. Sunroom on the rear as well (not included in square footage size). Owner will accept cash or Conventional financing or even trades/financing terms. What an opportunity!! Take control of your future with this home.

19. 2025-01-30
    listed $75,000 Active 390-char remark

    Show marketing remark (390 chars)

    Nice size of home that is in the process of being remodeled. Mostly all new windows are already installed. Corner lot with large rear shed. Home has 2 bedrooms and 1 bathroom. Sunroom on the rear as well (not included in square footage size). Owner will accept cash or Conventional financing or even trades/financing terms. What an opportunity!! Take control of your future with this home.

20. 2024-09-20
    soldstatus $18,000 Closed
21. 2024-09-03
    status Pending
22. 2024-08-16
    price $29,900
23. 2024-07-29
    price $34,900
24. 2024-05-14
    listed $44,900 Active
25. 2009-03-06
    soldstatus $22,500 348-char remark

    Show marketing remark (348 chars)

    Delightful Private Setting between Alley & Place of Worship. Lots of shade trees, perennials, on large town lot. Cute barn style home with matching 2-story bldg. Well insulated; sofits, eaves, leafguards in place; replacement windows upstairs; new roof on front of house; 3 dormers, large screened-in porch in back -- Good Buy...needs carpet.

26. 2009-03-06
    soldstatus $22,500

    Show marketing remark (348 chars)

    Delightful Private Setting between Alley & Place of Worship. Lots of shade trees, perennials, on large town lot. Cute barn style home with matching 2-story bldg. Well insulated; sofits, eaves, leafguards in place; replacement windows upstairs; new roof on front of house; 3 dormers, large screened-in porch in back -- Good Buy...needs carpet.

27. 2008-08-12
    listed $32,500 348-char remark

    Show marketing remark (348 chars)

    Delightful Private Setting between Alley & Place of Worship. Lots of shade trees, perennials, on large town lot. Cute barn style home with matching 2-story bldg. Well insulated; sofits, eaves, leafguards in place; replacement windows upstairs; new roof on front of house; 3 dormers, large screened-in porch in back -- Good Buy...needs carpet.

28. 1998-07-22
    soldstatus $28,000
29. 1993-05-28
    soldstatus $23,000

ⓘ 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: $925 · $77/mo
• Projected year-2 tax: $1,048 · $87/mo
• Expected delta: +$122/yr (+$10/mo · 13.2%)

ⓘ 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 · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,822
• − Mortgage interest: −$4,201
• − Property taxes: −$925
• − Insurance: −$375
• − Repairs & maintenance: −$1,026
• − Management: −$1,026
• − Depreciation: −$2,182
• Taxable income: $3,087
• Est. tax owed @ 24.0%: −$741
• After-tax cash flow: $3,368/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: Paulding Exempted Village
• NCES district ID: 3904557
• Math proficiency: 57% ▼ -7.00%
• Reading proficiency: 60% ▼ -1.00%
• Median HH income: $45,105
• Composite: 49.36/100
• National rank: #2017
• State rank: #319 of 656 in OH

Livability — Paulding

• Score: 67/100
• State rank: #610
• US rank: #10489

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Paulding, OH
• County: Paulding · 17,531 people
• Population (ZIP): 6,524
• Household income: $62,159
• Rent vs Own: 23.9% rent · 76.1% own
• Severe rent burden: 3.6

Population outlook (Paulding County) Hauer SSP2

• Today (2025): 17,539 people
• By 2030: 16,627 · -5.2%
• By 2040: 14,716 · -16.1%
• By 2050: 12,853 · -26.7%
• By 2075: 9,142 · -47.9%
• By 2100: 6,313 · -64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 9% Hispanic / Latino 8% Black 1% Native American 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 5% Romanian 3% Iranian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Paulding

• 2024 margin: Solid R (+56.2) · D 21.4% · R 77.7%
• 2008→2024 swing: -44.4pp toward R · 2008: -11.8pp · 2024: -56.2pp
• All cycles: 2024: R+56.2 2020: R+51.5 2016: R+48.5 2012: R+20.4 2008: R+11.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.88%
• Current HPI: 201.5529
• 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

-2.2% since first listed

13 events — show timeline

• 2025-10-09 Price Changed $22,500 NORIS
• 2025-08-20 Relisted — WCARE
• 2025-01-30 Listed $75,000 WCARE
• 2024-09-20 Sold (MLS) $18,000 WCARE
• 2024-09-03 Pending — WCARE
• 2024-08-16 Price Changed $29,900 WCARE
• 2024-07-29 Price Changed $34,900 WCARE
• 2024-05-14 Listed $44,900 WCARE
• 2009-03-06 Sold (Public Records) $22,500 Public Records
• 2009-03-06 Sold (MLS) $22,500 NORIS
• 2008-08-12 Listed $32,500 NORIS
• 1998-07-22 Sold (Public Records) $28,000 Public Records
• 1993-05-28 Sold (Public Records) $23,000 Public Records

Property tax history

+5.4%/yr

Latest (2025): $925 · +20.7% YoY. Source: county tax records.