2129 E 30th St · Lorain, OH 44055

$99,000

4 bd · 1.0 ba · 1,519 sqft · SingleFamily public records · 37 Days on market

Built 1900 6,969 sqft lot Est $167k · 41% 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
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4 BR 1 BA home is the perfect investment opportunity! Located in the heart of a quiet and established neighborhood of Lorain. This property offers fresh paint and brand-new flooring throughout. Ideal for both first-time investors or seasoned professionals looking for rental income potential or a renovation.

Key facts

• Covered front porch
• Decorative fireplace
• Spacious backyard

Tags

• SPACIOUS BACKYARD
• DETACHED TWO-CAR GARAGE
• COVERED FRONT PORCH
• DECORATIVE FIREPLACE
• BRIGHT EAT-IN BREAKFAST NOOK
• FORMAL DINING ROOM

Property features AI

Exterior

• Parking: Detached garage; Driveway parking; Garage with 2 spaces
• Utilities: Public water; Public sewer
• Home design: Two-story wood-sided home; Block foundation; Asphalt roof
• Construction: Wood siding construction; Block foundation; Asphalt roof; Home warranty included
• Exterior features: Covered front porch; Deck; Fenced backyard (chain link and wood); Back yard is flat and level

Interior

• Kitchen: Eat-in kitchen area
• Bedrooms: Multiple bedrooms on the second floor (carpeted)
• Flooring: Carpet on main living areas and bedrooms; Concrete flooring in basement and utility areas
• Bathrooms: Two full bathrooms; Additional basement bathroom
• Heating & cooling: Gas heating
• Interior features: Built-in bookcases; Eat-in kitchen; Laminate counters; See remarks (additional interior details)
• Laundry & utility: Laundry in basement; Basement utility/finished area (concrete flooring)

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $411 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $96k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 5.9% in Lorain — 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 (#595 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, amenities D, health & safety D.
• Lorain City (suburban): math 13% / reading 26% proficiency, ranked #633 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 81 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 40% of the median local income ($41k/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 $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y 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 $75k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $96,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F 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?
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: 1.36% ✓
• Cap rate: 11.28%
• Cash-on-cash: 17.80%
• DSCR: 1.79
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $167,090
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2159 E 30th St	0.07mi	4/2.0	1,530 (+1%)	10mo	$95,000	$62	83
1979 E 32nd St	0.35mi	3/1.5 (-1)	1,448 (-5%)	7mo	$177,499	$123	63
2333 E 33rd St	0.40mi	3/1.0 (-1)	1,384 (-9%)	5mo	$122,500	$89	57
1960 E 33rd St	0.44mi	3/2.5 (-1)	1,440 (-5%)	8mo	$209,500	$145	53
1820 E 32nd St	0.71mi	4/1.0	1,654 (+9%)	1mo	$128,000	$77	51
2108 E 41st St	0.75mi	3/1.5 (-1)	1,562 (+3%)	4mo	$165,000	$106	50
2312 E 32nd St	0.34mi	3/1.5 (-1)	1,300 (-14%)	4mo	$158,000	$122	50
2544 E 32nd St	0.64mi	4/1.5	1,576 (+4%)	15mo	$180,000	$114	50
2235 E 30th St	0.22mi	4/2.0	1,296 (-15%)	15mo	$180,000	$139	49
1963 Homewood Dr	0.63mi	3/1.5 (-1)	1,440 (-5%)	9mo	$142,500	$99	48
1930 E 30th St	0.42mi	3/2.0 (-1)	1,350 (-11%)	11mo	$135,000	$100	43
1832 E 34th St	0.74mi	3/2.0 (-1)	1,680 (+11%)	11mo	$185,000	$110	30

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: 9.3%
• Equity multiple: 1.37×
• Total profit: $10,153
• Equity at exit: $14,761

10-year hold

• IRR: 18.5%
• Equity multiple: 2.54×
• Total profit: $42,579
• Equity at exit: $8,560

Cash invested: $27,720 (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 44055

• Home prices YoY: -30.5%
• Active inventory: 81
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,349 high
• Mortgage (P&I): −$519
• Tax from tax record: −$94 /mo · $1,133/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $411

Break-even live

Break-even rent $829

Max offer price $99,000

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3235 Grove Ave Unit 3235 Lorain, OH	3.0	1.0	1080	$950	$0.88	21d	1	0.24mi
3237 Grove Ave Unit 3235 Lorain, OH	3.0	1.0	1080	$950	$0.88	21d	1	0.24mi
3251 Camden Ave Lorain, OH	3.0	1.0	1090	$995	$0.91	44d	1	0.70mi
1818 E 29th St Unit 1816 Lorain, OH	3.0	1.0	1098	$1,195	$1.09	44d	1	0.71mi
1813 E 30th St Lorain, OH	4.0	1.0	1344	$1,450	$1.08	44d	1	0.72mi
2484 E 38th St Lorain, OH	3.0	1.5	1101	$1,295	$1.18	44d	1	0.74mi
1763 E 36th St Lorain, OH	5.0	1.5	2000	$1,895	$0.95	2d	1	0.92mi
1730 E 30th St Unit 1730 Lorain, OH	3.0	1.0	1120	$1,250	$1.12	44d	1	0.92mi
1639 E 31st St Unit 1637 Lorain, OH	3.0	1.0	1500	$1,200	$0.80	44d	1	1.15mi

Listing history 16 events

1. 2026-04-25
   status Pending
2. 2026-04-16
   price $99,000
3. 2026-03-28
   price $108,000
4. 2026-03-20
   price $109,900
5. 2026-03-19
   listed $99,000 Active
6. 2024-11-22
   historical 313-char remark

   Show marketing remark (313 chars)

   This 4 BR 1 BA home is the perfect investment opportunity! Located in the heart of a quiet and established neighborhood of Lorain. This property offers fresh paint and brand-new flooring throughout. Ideal for both first-time investors or seasoned professionals looking for rental income potential or a renovation.

7. 2024-11-21
   soldstatus $75,000
8. 2024-11-20
   soldstatus $75,000 Closed 313-char remark

   Show marketing remark (313 chars)

   This 4 BR 1 BA home is the perfect investment opportunity! Located in the heart of a quiet and established neighborhood of Lorain. This property offers fresh paint and brand-new flooring throughout. Ideal for both first-time investors or seasoned professionals looking for rental income potential or a renovation.

9. 2024-10-15
   status Pending 313-char remark

   Show marketing remark (313 chars)

   This 4 BR 1 BA home is the perfect investment opportunity! Located in the heart of a quiet and established neighborhood of Lorain. This property offers fresh paint and brand-new flooring throughout. Ideal for both first-time investors or seasoned professionals looking for rental income potential or a renovation.

10. 2024-10-13
    price $75,000 313-char remark

    Show marketing remark (313 chars)

    This 4 BR 1 BA home is the perfect investment opportunity! Located in the heart of a quiet and established neighborhood of Lorain. This property offers fresh paint and brand-new flooring throughout. Ideal for both first-time investors or seasoned professionals looking for rental income potential or a renovation.

11. 2024-10-02
    status Active 313-char remark

    Show marketing remark (313 chars)

    This 4 BR 1 BA home is the perfect investment opportunity! Located in the heart of a quiet and established neighborhood of Lorain. This property offers fresh paint and brand-new flooring throughout. Ideal for both first-time investors or seasoned professionals looking for rental income potential or a renovation.

12. 2024-09-26
    historical Contingent 313-char remark

    Show marketing remark (313 chars)

    This 4 BR 1 BA home is the perfect investment opportunity! Located in the heart of a quiet and established neighborhood of Lorain. This property offers fresh paint and brand-new flooring throughout. Ideal for both first-time investors or seasoned professionals looking for rental income potential or a renovation.

13. 2024-09-23
    listed $80,000 Active 313-char remark

    Show marketing remark (313 chars)

    This 4 BR 1 BA home is the perfect investment opportunity! Located in the heart of a quiet and established neighborhood of Lorain. This property offers fresh paint and brand-new flooring throughout. Ideal for both first-time investors or seasoned professionals looking for rental income potential or a renovation.

14. 2000-08-30
    soldstatus $74,000 296-char remark

    Show marketing remark (296 chars)

    Spacious Colonial In Quiet Neighborhood. Fenced In Backyard W/ Oversized 2 Car Detached Garage. Electric Updated. Formal Dining. Enclosed Front Porch With Windows Surrounding. Decorative Fireplace In Living Room. Spacious Home With Lots Of Potential. Great House! Priced To Sell! $1000 Paint Ins.

15. 2000-08-28
    soldstatus $74,000
16. 2000-04-26
    listed $74,900 296-char remark

    Show marketing remark (296 chars)

    Spacious Colonial In Quiet Neighborhood. Fenced In Backyard W/ Oversized 2 Car Detached Garage. Electric Updated. Formal Dining. Enclosed Front Porch With Windows Surrounding. Decorative Fireplace In Living Room. Spacious Home With Lots Of Potential. Great House! Priced To Sell! $1000 Paint Ins.

ⓘ 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: $1,133 · $94/mo
• Projected year-2 tax: $1,339 · $112/mo
• Expected delta: +$206/yr (+$17/mo · 18.2%)

ⓘ 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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,193
• − Mortgage interest: −$5,546
• − Property taxes: −$1,133
• − Insurance: −$495
• − Repairs & maintenance: −$1,295
• − Management: −$1,295
• − Depreciation: −$2,880
• Taxable income: $3,549
• Est. tax owed @ 24.0%: −$852
• After-tax cash flow: $4,083/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: Lorain City
• NCES district ID: 3904426
• Math proficiency: 13% ▼ -24.00%
• Reading proficiency: 26% ▼ -10.00%
• Median HH income: $32,823
• Composite: 15.81/100
• National rank: #9266
• State rank: #633 of 656 in OH

Livability — Lorain

• Score: 67/100
• State rank: #595
• US rank: #10183

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lorain, OH
• County: Lorain County · 219,437 people
• City population: 69,409
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 20,043
• Household income: $40,636
• Rent vs Own: 47.3% rent · 52.7% own
• Severe rent burden: 1140.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 41% Hispanic / Latino 37% Two or more races 24% Black 14%
• Hispanic origin (detail): Mexican 7% Puerto Rican 27%
• Common ancestry: Romanian 5% Slovak 1%
• Foreign-born: 4% · Canada, Guatemala
• Languages at home: 75% English-only · Spanish 23%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.26%
• Current HPI: 180.9309
• Rent YoY: —
• Metro: Cleveland-Elyria, 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

+32.2% since first listed

16 events — show timeline

• 2026-04-25 Pending — MLSNOW
• 2026-04-16 Price Changed $99,000 MLSNOW
• 2026-03-28 Price Changed $108,000 MLSNOW
• 2026-03-20 Price Changed $109,900 MLSNOW
• 2026-03-19 Listed $99,000 MLSNOW
• 2024-11-22 Listing Removed — MLSNOW
• 2024-11-21 Sold (Public Records) $75,000 Public Records
• 2024-11-20 Sold (MLS) $75,000 MLSNOW
• 2024-10-15 Pending — MLSNOW
• 2024-10-13 Price Changed $75,000 MLSNOW
• 2024-10-02 Relisted — MLSNOW
• 2024-09-26 Contingent — MLSNOW
• 2024-09-23 Listed $80,000 MLSNOW
• 2000-08-30 Sold (MLS) $74,000 MLSNOW
• 2000-08-28 Sold (Public Records) $74,000 Public Records
• 2000-04-26 Listed $74,900 MLSNOW

Property tax history

+7.8%/yr

Latest (2025): $1,133 · -4.9% YoY. Source: county tax records.