143 E Central Ave · Ravenna, OH 44266

$115,000

2 bd · 1.0 ba · 718 sqft · SingleFamily public records · 2 Days on market

Built 1930 10,079 sqft lot Est $80k · 43% over

---

Why this score? — see what drove the D- 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 +16.5/30.0
• DSCR +5.1/10.0
• 1% rule +3.9/10.0
• Livability +3.7/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2-bedroom, 1-bath ranch home on nearly a 1/4 acre in Ravenna! This 718 sq ft fixer-upper is full of potential, waiting for your personal touch to make it shine. The property features a spacious backyard, ideal for creating your outdoor oasis, and is located on charming, sidewalk-lined streets. Conveniently close to downtown Ravenna, UH Portage Hospital, and the scenic Portage Bike-n-Hike Trail, this home offers an excellent opportunity for those looking to invest in a great location. Bring your vision and turn this house into your dream home!

Key facts

• Deep back yard
• Front porch
• New refrigerator

Tags

• ONE FLOOR LIVING
• NEW REFRIGERATOR
• FRONT PORCH
• DEEP BACK YARD
• LOCATION NEAR DOWNTOWN RAVENNA

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-story home; Block foundation; Vinyl siding; Asphalt/fiberglass roof
• Construction: Built (year per public records); Vinyl siding construction; Block foundation
• Exterior features: Private yard; Back yard; Partial fencing; Deck; Front porch

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air gas heating; Ceiling fans for cooling; Window cooling unit(s)
• Interior features: Bay windows; Double-pane windows; Ceiling fan(s)
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $68 ($812/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $102k (11.0% below list).
• Recommended offer: $102k (11.0% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 3.0% in Ravenna — 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 73/100 on livability (#323 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: amenities F, commute F, employment F.
• Ravenna City (suburban): math 31% / reading 41% proficiency, ranked #559 of 656 in OH (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 159 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 196 units permitted in Portage County in 2024 (10 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 25y 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 $70k; list at $115k implies a 64% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $102,386 (11.0% below list)

Questions for the listing agent

1. Built in 1930 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.89% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.52%
• DSCR: 1.11
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $80,416
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
143 E Central Ave	0.00mi	2/1.0	718 (0%)	18mo	$70,000	$97	85
368 E Central Ave	0.28mi	2/1.0	825 (+15%)	14mo	$139,900	$170	50
535 N Freedom St	0.41mi	2/1.0	642 (-11%)	24mo	$71,900	$112	43

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: -12.3%
• Equity multiple: 0.55×
• Total profit: $-14,344
• Equity at exit: $17,147

10-year hold

• IRR: -3.3%
• Equity multiple: 0.78×
• Total profit: $-7,013
• Equity at exit: $9,943

Cash invested: $32,200 (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 44266

• Active inventory: 159
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,024 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$90 /mo · $1,083/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$215
• Net cashflow: $68

Break-even live

Break-even rent $938

Max offer price $115,000

Occupancy floor 88%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
529 E Main St Unit C-15 Ravenna, OH	1.0	1.0	600	$1,100	$1.83	21d	1	0.40mi
709 Sapp Rd Ravenna, OH	1.0–2.0	1.0	712	$950	$1.33	14d	1	0.59mi

Listing history 3 events

1. 2026-06-18
   days on market $115,000 Active 2 DOM
2. 2026-06-16
   remarks 699-char remark
3. 2026-06-16
   listed $115,000 Active 1 DOM

ⓘ 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: $1,083 · $90/mo
• Projected year-2 tax: $1,438 · $120/mo
• Expected delta: +$356/yr (+$30/mo · 32.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°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: $12,286
• − Mortgage interest: −$6,442
• − Property taxes: −$1,083
• − Insurance: −$575
• − Repairs & maintenance: −$983
• − Management: −$983
• − Depreciation: −$3,345
• Taxable loss: −$1,124
• Est. tax savings @ 24.0%: +$270
• After-tax cash flow: $1,082/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: Ravenna City
• NCES district ID: 3904468
• Math proficiency: 31% ▼ -22.00%
• Reading proficiency: 41% ▼ -13.00%
• Median HH income: $40,018
• Composite: 30.19/100
• National rank: #6314
• State rank: #559 of 656 in OH

Livability — Ravenna

• Score: 73/100
• State rank: #323
• US rank: #5309

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ravenna, OH
• County: Portage County · 70,400 people
• City population: 32,612
• Metro: Akron, OH
• Population (ZIP): 32,612
• Household income: $64,918
• Rent vs Own: 31.3% rent · 68.7% own
• Severe rent burden: 1468.0

Population outlook (Portage County) Hauer SSP2

• Today (2025): 166,109 people
• By 2030: 167,752 · +1.0%
• By 2040: 168,640 · +1.5%
• By 2050: 167,469 · +0.8%
• By 2075: 170,131 · +2.4%
• By 2100: 167,958 · +1.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 6% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 3% Italian 2% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Portage

• 2024 margin: R (+15.5) · D 41.8% · R 57.3%
• 2008→2024 swing: -24.5pp toward R · 2008: 9.0pp · 2024: -15.5pp
• All cycles: 2024: R+15.5 2020: R+12.5 2016: R+10.2 2012: D+4.9 2008: D+9.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -146.76%
• Current HPI: 196.8027
• Rent YoY: —
• Metro: Akron, 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

+117.4% since first listed

18 events — show timeline

• 2026-06-16 Listed $115,000 MLSNOW
• 2024-12-30 Sold (Public Records) $70,000 Public Records
• 2024-12-27 Sold (MLS) $70,000 MLSNOW
• 2024-12-15 Contingent — MLSNOW
• 2024-12-11 Price Changed $81,500 MLSNOW
• 2024-11-24 Price Changed $89,900 MLSNOW
• 2024-11-08 Price Changed $97,500 MLSNOW
• 2024-11-01 Listed $104,900 MLSNOW
• 2016-08-15 Listing Removed — MLSNOW
• 2016-01-21 Price Changed $69,900 MLSNOW
• 2015-08-24 Listed $72,000 MLSNOW
• 2002-06-12 Sold (Public Records) $83,000 Public Records
• 2002-05-30 Listing Removed — MLSNOW
• 2002-01-09 Listed $79,900 MLSNOW
• 2001-12-24 Listing Removed — MLSNOW
• 2001-07-24 Listed $87,400 MLSNOW
• 1995-08-31 Sold (Public Records) $59,500 Public Records
• 1994-07-29 Sold (Public Records) $52,900 Public Records

Property tax history

+1.3%/yr

Latest (2025): $1,083 · +17.8% YoY. Source: county tax records.