1262 Arthur Ct · North Madison, OH 44057

$175,000

3 bd · 1.0 ba · 988 sqft · SingleFamily public records · 4 Days on market

Built 1960 8,276 sqft lot

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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).

• Cash flow +21.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.2/10.0
• Schools +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

Key facts

• Updated bath
• Storm doors
• Single-floor layout

Tags

• UPDATED KITCHEN
• UPDATED BATH
• SINGLE-FLOOR LAYOUT
• CONCRETE DRIVEWAY
• STORM DOORS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $259 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).

Location & tenants

• Location reads 62/100 on livability (#865 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, health & safety D, schools D-.
• Madison Local (suburban): math 58% / reading 59% proficiency, ranked #308 of 656 in OH (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 96 active listings in the ZIP; 448 units permitted in Lake County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Lake County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 33y 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 $98k; list at $175k implies a 79% gain — meaningful room to come down on a strong offer.

Recommended offer $175,000

Questions for the listing agent

1. Built in 1960 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.02% ✓
• Cap rate: 8.07%
• Cash-on-cash: 6.35%
• DSCR: 1.28
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.5%
• Equity multiple: 0.76×
• Total profit: $-11,846
• Equity at exit: $26,093

10-year hold

• IRR: 3.1%
• Equity multiple: 1.22×
• Total profit: $10,923
• Equity at exit: $15,131

Cash invested: $49,000 (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 44057

• Active inventory: 96
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,786 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$161 /mo · $1,928/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $259

Break-even live

Break-even rent $1,457

Max offer price $175,000

Occupancy floor 80%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-05-08
   status Pending
2. 2026-04-30
   listed $175,000 Active
3. 2020-11-02
   price $49,900 290-char remark

   Show marketing remark (290 chars)

   Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

4. 2020-08-25
   price $49,900 290-char remark

   Show marketing remark (290 chars)

   Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

5. 2020-05-02
   price $49,900 290-char remark

   Show marketing remark (290 chars)

   Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

6. 2020-05-02
   price $49,900 290-char remark

   Show marketing remark (290 chars)

   Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

7. 2015-05-15
   price $99,900 290-char remark

   Show marketing remark (290 chars)

   Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

8. 2014-02-12
   price $49,900 290-char remark

   Show marketing remark (290 chars)

   Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

9. 2014-02-12
   price $49,900 290-char remark

   Show marketing remark (290 chars)

   Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

10. 2001-10-12
    soldstatus $97,500 Closed 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

11. 2001-10-12
    soldstatus $97,500 Sold 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

12. 2001-10-12
    soldstatus $97,500 Closed 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

13. 2001-10-12
    soldstatus $97,500 Closed 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

14. 2001-10-12
    soldstatus $97,500 Closed 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

15. 2001-10-12
    soldstatus $97,500 Sold 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

16. 2001-10-12
    soldstatus $97,500 Closed 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

17. 2001-10-12
    soldstatus $97,500

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

18. 1999-05-14
    historical 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

19. 1999-05-14
    price $99,900 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

20. 1999-05-14
    price $99,900 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

21. 1999-05-14
    price $99,900 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

22. 1999-05-14
    price $99,900 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

23. 1999-05-14
    price $99,900 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

24. 1999-05-14
    price $99,900 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

25. 1998-11-16
    listed $49,900 290-char remark

    Show marketing remark (290 chars)

    Great Buy! Pretty Ranch, Newer Berber Carpet In Lr And Master, Country Kitchen, Lr And Mbr Repainted, Newer Roof On House And Garage, Newer Storm Doors, Appliances, Furnace And Hwt, Shaded Patio And Private Yard, Pretty Cul-de-sac With Distant View Of Lake Erie, Zero Down Mortgage Offered!

26. 1993-06-17
    soldstatus $66,000 160-char remark

    Show marketing remark (160 chars)

    Large Pie Shaped Lot/Roof 9 Yrs/Newer Carpet/Vinyl Windows/Siding/2.5 Det. Garage/Newer Furnace/Fenced Yard Concrete Patio/Well Maintained/Laundry Rm/A Must See

27. 1993-06-16
    soldstatus $66,000
28. 1993-04-12
    listed $69,900 160-char remark

    Show marketing remark (160 chars)

    Large Pie Shaped Lot/Roof 9 Yrs/Newer Carpet/Vinyl Windows/Siding/2.5 Det. Garage/Newer Furnace/Fenced Yard Concrete Patio/Well Maintained/Laundry Rm/A Must See

29. 1985-07-10
    soldstatus $37,000

ⓘ 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: $1,928 · $161/mo
• Projected year-2 tax: $2,329 · $194/mo
• Expected delta: +$401/yr (+$33/mo · 20.8%)

ⓘ 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 ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,428
• − Mortgage interest: −$9,803
• − Property taxes: −$1,928
• − Insurance: −$875
• − Repairs & maintenance: −$1,714
• − Management: −$1,714
• − Depreciation: −$5,091
• Taxable income: $303
• Est. tax owed @ 24.0%: −$73
• After-tax cash flow: $3,040/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: Madison Local
• NCES district ID: 3904788
• Math proficiency: 58% ▼ -7.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $51,608
• Composite: 49.99/100
• National rank: #1924
• State rank: #308 of 656 in OH

Livability — North Madison

• Score: 62/100
• State rank: #865
• US rank: #16372

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Madison, OH
• County: Lake · 224,932 people
• Metro: Cleveland, OH
• Population (ZIP): 19,491
• Household income: $70,212
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 8.5

Population outlook (Lake County) Hauer SSP2

• Today (2025): 230,022 people
• By 2030: 228,151 · -0.8%
• By 2040: 221,018 · -3.9%
• By 2050: 212,754 · -7.5%
• By 2075: 200,309 · -12.9%
• By 2100: 183,315 · -20.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Scotch-Irish 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Lake

• 2024 margin: R (+14.3) · D 42.4% · R 56.7%
• 2008→2024 swing: -15.2pp toward R · 2008: 0.8pp · 2024: -14.3pp
• All cycles: 2024: R+14.3 2020: R+13.6 2016: R+15.6 2012: R+1.7 2008: D+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -241.42%
• Current HPI: 187.8978
• 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

+373.0% since first listed

29 events — show timeline

• 2026-05-08 Pending — MLSNOW
• 2026-04-30 Listed $175,000 MLSNOW
• 2020-11-02 Price Changed $49,900 MLSNOW
• 2020-08-25 Price Changed $49,900 MLSNOW
• 2020-05-02 Price Changed $49,900 MLSNOW
• 2020-05-02 Price Changed $49,900 MLSNOW
• 2015-05-15 Price Changed $99,900 MLSNOW
• 2014-02-12 Price Changed $49,900 MLSNOW
• 2014-02-12 Price Changed $49,900 MLSNOW
• 2001-10-12 Sold (Public Records) $97,500 Public Records
• 2001-10-12 Sold (MLS) $97,500 MLSNOW
• 2001-10-12 Sold (MLS) $97,500 MLSNOW
• 2001-10-12 Sold (MLS) $97,500 MLSNOW
• 2001-10-12 Sold (MLS) $97,500 MLSNOW
• 2001-10-12 Sold (MLS) $97,500 MLSNOW
• 2001-10-12 Sold (MLS) $97,500 MLSNOW
• 2001-10-12 Sold (MLS) $97,500 MLSNOW
• 1999-05-14 Price Changed $99,900 MLSNOW
• 1999-05-14 Price Changed $99,900 MLSNOW
• 1999-05-14 Price Changed $99,900 MLSNOW
• 1999-05-14 Price Changed $99,900 MLSNOW
• 1999-05-14 Price Changed $99,900 MLSNOW
• 1999-05-14 Price Changed $99,900 MLSNOW
• 1999-05-14 Listing Removed — MLSNOW
• 1998-11-16 Listed $49,900 MLSNOW
• 1993-06-17 Sold (MLS) $66,000 MLSNOW
• 1993-06-16 Sold (Public Records) $66,000 Public Records
• 1993-04-12 Listed $69,900 MLSNOW
• 1985-07-10 Sold (Public Records) $37,000 Public Records

Property tax history

+2.4%/yr

Latest (2025): $1,928 · -0.6% YoY. Source: county tax records.