902 Alameda Ave · Youngstown, OH 44510

$65,000

2 bd · 1.0 ba · 1,067 sqft · SingleFamily public records · 31 Days on market

Built 1954 5,140 sqft lot Est $65k · at est.

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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
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.6/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks

Nice Brick Home on corner lot. Wood floors in Living Room, Dining Room and bedrooms. Fireplace and bar in basement. Priced to sell! Great for homeowners and investors.

Key facts

• Wood floors
• Brick home
• Bar in basement

Tags

• BRICK HOME
• CORNER LOT
• WOOD FLOORS
• FIREPLACE
• BAR IN BASEMENT

Property features AI

Exterior

• Parking: Detached garage; 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-story brick home; Asphalt roof
• Construction: Brick construction; Full basement; Below-grade finished area present
• Exterior features: Front porch

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Two main-level bedrooms
• Flooring: Wood floors in living room, dining room, and bedrooms; Tile flooring in basement bathroom
• Bathrooms: One full bathroom; One half bathroom; One main-level bathroom
• Heating & cooling: Baseboard heating
• Interior features: Built-in features; Eat-in kitchen; Bar; Basement with fireplace and bar
• Laundry & utility: Washer and dryer in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($910 rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 7.0% in Youngstown — 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 81/100 on livability (#99 in OH, #1,506 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Youngstown City (urban): math 8% / reading 17% proficiency, ranked #649 of 656 in OH (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 88% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 6 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).
• At $910/mo this rent would consume 53% of the median local household income ($21k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $7k of equity ($449 loan paydown + $6k appreciation (10.0% local appreciation)).
• Mahoning County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $23k; list at $65k implies a 184% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 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 1954 — 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: 1.40% ✓
• Cap rate: 12.41%
• Cash-on-cash: 21.85%
• DSCR: 1.97
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $65,087
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1028 Burlington St	0.25mi	3/1.0 (+1)	1,010 (-5%)	7mo	$86,920	$86	69
924 Catalina Ave	0.07mi	3/2.0 (+1)	982 (-8%)	15mo	$60,000	$61	62
1815 Clifton St	0.35mi	3/1.0 (+1)	1,162 (+9%)	17mo	$55,000	$47	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 40.6%
• Equity multiple: 4.10×
• Total profit: $56,484
• Equity at exit: $58,557

10-year hold

• IRR: 35.0%
• Equity multiple: 9.22×
• Total profit: $149,689
• Equity at exit: $126,281

Cash invested: $18,200 (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 44510

• Home prices YoY: 8.8%
• Active inventory: 6
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $910 high
• Mortgage (P&I): −$341
• Tax from tax record: −$19 /mo · $234/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $331

Break-even live

Break-even rent $490

Max offer price $65,000

Occupancy floor 59%

Sensitivity live

Price	-10% $368	-5% $350	+0% $331	+5% $313	+10% $295
Rent	-10% $260	-5% $295	+0% $331	+5% $367	+10% $403
Rate	-1.0pp $364	-0.5pp $348	base $331	+0.5pp $315	+1.0pp $297

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
465 Gypsy Ln Youngstown, OH	2.0	1.0–2.0	1060	$920	$0.87	14d	1	0.65mi
465 Gypsy Ln Youngstown, OH	2.0	2.0	1320	$1,120	$0.85	44d	1	0.71mi
3020 Northgate Ave Youngstown, OH	2.0	1.0	816	$815	$1.00	44d	1	1.10mi
2525 Ohio Ave Unit 2 Youngstown, OH	2.0	1.0	1140	$850	$0.75	44d	1	1.13mi
171 Upland Ave Unit 171 2nd floor Youngstown, OH	3.0	1.0	1100	$1,040	$0.95	14d	1	1.17mi
178 Upland Ave Youngstown, OH	2.0	1.0	1000	$750	$0.75	44d	1	1.18mi
351 Lincoln Ave Youngstown, OH	3.0–5.0	3.0–5.0	1527	$699	$0.46	14d	10	1.23mi

Listing history 19 events

1. 2026-06-19
   days on market $65,000 Active 31 DOM
2. 2026-06-18
   days on market $65,000 Active 30 DOM
3. 2026-06-17
   days on market $65,000 Active 29 DOM
4. 2026-06-16
   days on market $65,000 Active 28 DOM
5. 2026-06-15
   days on market $65,000 Active 27 DOM
6. 2026-06-14
   days on market $65,000 Active 25 DOM
7. 2026-06-13
   days on market $65,000 Active 24 DOM
8. 2026-06-10
   days on market $65,000 Active 22 DOM
9. 2026-06-09
   days on market $65,000 Active 21 DOM
10. 2026-06-08
    days on market $65,000 Active 20 DOM
11. 2026-06-07
    days on market $65,000 Active 19 DOM
12. 2026-06-03
    days on market $65,000 Active 15 DOM
13. 2026-06-02
    days on market $65,000 Active 14 DOM
14. 2026-06-01
    days on market $65,000 Active 13 DOM
15. 2026-05-31
    days on market $65,000 Active 12 DOM
16. 2026-05-30
    days on market $65,000 Active 11 DOM
17. 2026-05-26
    price $65,000
18. 2026-05-19
    listed $45,900 Active
19. 1992-01-30
    soldstatus $22,900

ⓘ 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: $234 · $19/mo
• Projected year-2 tax: $624 · $52/mo
• Expected delta: +$390/yr (+$33/mo · 167.0%)

ⓘ 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 ≥97°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: $10,919
• − Mortgage interest: −$3,641
• − Property taxes: −$234
• − Insurance: −$325
• − Repairs & maintenance: −$874
• − Management: −$874
• − Depreciation: −$1,891
• Taxable income: $3,081
• Est. tax owed @ 24.0%: −$740
• After-tax cash flow: $3,237/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: Youngstown City
• NCES district ID: 3904516
• Math proficiency: 8% ▼ -15.00%
• Reading proficiency: 17% ▼ -10.00%
• Median HH income: $25,257
• Composite: 9.29/100
• National rank: #9858
• State rank: #649 of 656 in OH

Livability — Youngstown

• Score: 81/100
• State rank: #99
• US rank: #1506

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Youngstown, OH
• County: Mahoning · 224,175 people
• City population: 28,503
• Metro: Youngstown-Warren, OH
• Population (ZIP): 2,091
• Household income: $20,706
• Rent vs Own: 65.1% rent · 34.9% own
• Severe rent burden: 8.2

Population outlook (Mahoning County) Hauer SSP2

• Today (2025): 223,932 people
• By 2030: 218,387 · -2.5%
• By 2040: 205,367 · -8.3%
• By 2050: 193,606 · -13.5%
• By 2075: 173,694 · -22.4%
• By 2100: 151,147 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (81%)
• Race & ethnicity: Black 81% Two or more races 8% Hispanic / Latino 7% White 6%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6%
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Mahoning

• 2024 margin: Lean R (+9.4) · D 44.9% · R 54.4%
• 2008→2024 swing: -36.1pp toward R · 2008: 26.6pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+1.9 2016: D+3.0 2012: D+27.7 2008: D+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 18.99%
• Current HPI: 234.6941
• 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

+183.8% since first listed

3 events — show timeline

• 2026-05-26 Price Changed $65,000 MLSNOW
• 2026-05-19 Listed $45,900 MLSNOW
• 1992-01-30 Sold (Public Records) $22,900 Public Records

Property tax history

-7.0%/yr

Latest (2025): $234 · -11.7% YoY. Source: county tax records.