1050 Jennings Ave · Salem, OH 44460

$92,000

4 bd · 1.5 ba · 3,018 sqft · SingleFamily public records · 112 Days on market

Built 1895 0.52 ac lot ↓ 34% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.6/10.0
• 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

You've probably admired this home for years. 1050 Jennings. 1895 home with mature landscaping. Lots of rooms to enjoy life! Eat-in kitchen, large formal dining room with fireplace, living room with bay window, wonderful den/family room with another bay window, first floor laundry which could make a great home office or first floor bedroom. Wonderful screened in porch - you won't want to leave! Oversized 2 1/2 car garage. Bonus area/office off the master bedroom. Owners are moving out of state and wish they could take this home with them. Edge of town and feels like country! Priced to sell at $149,000.

Key facts

• 0.52 acre lot
• 2 garage spots
• Built 1895

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $92k.

Deal economics

• At list price, monthly cash flow is $433 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Recommended offer: $84k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 3.0% in Salem — 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 68/100 on livability (#538 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, schools B+; Watch: amenities F, commute F, employment F.
• Salem City (town): math 53% / reading 56% proficiency, ranked #389 of 656 in OH (top 59%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 86 active listings in the ZIP; 49 units permitted in Columbiana County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $636 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Columbiana County population projected at -23% 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 $26k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,720 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1895 — 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. Schools are B-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?
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: 1.57% ✓
• Cap rate: 11.94%
• Cash-on-cash: 20.19%
• DSCR: 1.90
• GRM: 5.3

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: 12.4%
• Equity multiple: 1.50×
• Total profit: $12,755
• Equity at exit: $13,717

10-year hold

• IRR: 21.4%
• Equity multiple: 2.82×
• Total profit: $46,908
• Equity at exit: $7,954

Cash invested: $25,760 (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 44460

• Home prices YoY: -32.5%
• Active inventory: 86
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,443 medium
• Mortgage (P&I): −$482
• Tax from tax record: −$186 /mo · $2,230/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $433

Break-even live

Break-even rent $894

Max offer price $92,000

Occupancy floor 65%

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: $23,000
• Closing costs: $2,760
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-04-05
   status Pending
2. 2025-12-12
   listed $92,000 Active
3. 2019-09-26
   soldstatus $155,000 Closed 612-char remark

   Show marketing remark (612 chars)

   You've probably admired this home for years. 1050 Jennings. 1895 home with mature landscaping. Lots of rooms to enjoy life! Eat-in kitchen, large formal dining room with fireplace, living room with bay window, wonderful den/family room with another bay window, first floor laundry which could make a great home office or first floor bedroom. Wonderful screened in porch - you won't want to leave! Oversized 2 1/2 car garage. Bonus area/office off the master bedroom. Owners are moving out of state and wish they could take this home with them. Edge of town and feels like country! Priced to sell at $149,000.

4. 2019-09-26
   soldstatus $155,000

   Show marketing remark (612 chars)

   You've probably admired this home for years. 1050 Jennings. 1895 home with mature landscaping. Lots of rooms to enjoy life! Eat-in kitchen, large formal dining room with fireplace, living room with bay window, wonderful den/family room with another bay window, first floor laundry which could make a great home office or first floor bedroom. Wonderful screened in porch - you won't want to leave! Oversized 2 1/2 car garage. Bonus area/office off the master bedroom. Owners are moving out of state and wish they could take this home with them. Edge of town and feels like country! Priced to sell at $149,000.

5. 2019-08-22
   status Pending 612-char remark

   Show marketing remark (612 chars)

   You've probably admired this home for years. 1050 Jennings. 1895 home with mature landscaping. Lots of rooms to enjoy life! Eat-in kitchen, large formal dining room with fireplace, living room with bay window, wonderful den/family room with another bay window, first floor laundry which could make a great home office or first floor bedroom. Wonderful screened in porch - you won't want to leave! Oversized 2 1/2 car garage. Bonus area/office off the master bedroom. Owners are moving out of state and wish they could take this home with them. Edge of town and feels like country! Priced to sell at $149,000.

6. 2019-07-03
   historical Contingent 612-char remark

   Show marketing remark (612 chars)

   You've probably admired this home for years. 1050 Jennings. 1895 home with mature landscaping. Lots of rooms to enjoy life! Eat-in kitchen, large formal dining room with fireplace, living room with bay window, wonderful den/family room with another bay window, first floor laundry which could make a great home office or first floor bedroom. Wonderful screened in porch - you won't want to leave! Oversized 2 1/2 car garage. Bonus area/office off the master bedroom. Owners are moving out of state and wish they could take this home with them. Edge of town and feels like country! Priced to sell at $149,000.

7. 2019-07-01
   price $155,000 612-char remark

   Show marketing remark (612 chars)

   You've probably admired this home for years. 1050 Jennings. 1895 home with mature landscaping. Lots of rooms to enjoy life! Eat-in kitchen, large formal dining room with fireplace, living room with bay window, wonderful den/family room with another bay window, first floor laundry which could make a great home office or first floor bedroom. Wonderful screened in porch - you won't want to leave! Oversized 2 1/2 car garage. Bonus area/office off the master bedroom. Owners are moving out of state and wish they could take this home with them. Edge of town and feels like country! Priced to sell at $149,000.

8. 2019-05-08
   price $149,000 612-char remark

   Show marketing remark (612 chars)

   You've probably admired this home for years. 1050 Jennings. 1895 home with mature landscaping. Lots of rooms to enjoy life! Eat-in kitchen, large formal dining room with fireplace, living room with bay window, wonderful den/family room with another bay window, first floor laundry which could make a great home office or first floor bedroom. Wonderful screened in porch - you won't want to leave! Oversized 2 1/2 car garage. Bonus area/office off the master bedroom. Owners are moving out of state and wish they could take this home with them. Edge of town and feels like country! Priced to sell at $149,000.

9. 2019-05-07
   listed $140,000 Active 612-char remark

   Show marketing remark (612 chars)

   You've probably admired this home for years. 1050 Jennings. 1895 home with mature landscaping. Lots of rooms to enjoy life! Eat-in kitchen, large formal dining room with fireplace, living room with bay window, wonderful den/family room with another bay window, first floor laundry which could make a great home office or first floor bedroom. Wonderful screened in porch - you won't want to leave! Oversized 2 1/2 car garage. Bonus area/office off the master bedroom. Owners are moving out of state and wish they could take this home with them. Edge of town and feels like country! Priced to sell at $149,000.

ⓘ 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: $2,230 · $186/mo
• Projected year-2 tax: $2,230 · $186/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 3/10 Moderate 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,315
• − Mortgage interest: −$5,153
• − Property taxes: −$2,230
• − Insurance: −$460
• − Repairs & maintenance: −$1,385
• − Management: −$1,385
• − Depreciation: −$2,676
• Taxable income: $4,025
• Est. tax owed @ 24.0%: −$966
• After-tax cash flow: $4,234/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: Salem City
• NCES district ID: 3910006
• Math proficiency: 53% ▼ -14.00%
• Reading proficiency: 56% ▼ -12.00%
• Median HH income: $41,145
• Composite: 45.66/100
• National rank: #2582
• State rank: #389 of 656 in OH

Livability — Salem

• Score: 68/100
• State rank: #538
• US rank: #9073

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Salem, OH
• County: Columbiana · 99,532 people
• City population: 25,289
• Population (ZIP): 25,289
• Household income: $59,882
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 9.0

Population outlook (Columbiana County) Hauer SSP2

• Today (2025): 98,353 people
• By 2030: 94,225 · -4.2%
• By 2040: 85,169 · -13.4%
• By 2050: 76,157 · -22.6%
• By 2075: 58,451 · -40.6%
• By 2100: 42,805 · -56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2%
• Common ancestry: Slovak 4% Lithuanian 3% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Columbiana

• 2024 margin: Solid R (+49.0) · D 25.1% · R 74.1%
• 2008→2024 swing: -41.4pp toward R · 2008: -7.6pp · 2024: -49.0pp
• All cycles: 2024: R+49.0 2020: R+44.9 2016: R+41.6 2012: R+12.0 2008: R+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.42%
• Current HPI: 212.8922
• 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

-34.3% since first listed

9 events — show timeline

• 2026-04-05 Pending — MLSNOW
• 2025-12-12 Listed $92,000 MLSNOW
• 2019-09-26 Sold (Public Records) $155,000 Public Records
• 2019-09-26 Sold (MLS) $155,000 MLSNOW
• 2019-08-22 Pending — MLSNOW
• 2019-07-03 Contingent — MLSNOW
• 2019-07-01 Price Changed $155,000 MLSNOW
• 2019-05-08 Price Changed $149,000 MLSNOW
• 2019-05-07 Listed $140,000 MLSNOW

Property tax history

+7.0%/yr

Latest (2025): $2,230 · +13.1% YoY. Source: county tax records.