1508 Oregon Ave · Steubenville, OH 43952

$89,900

3 bd · 1.5 ba · 1,369 sqft · SingleFamily public records · 67 Days on market

Built 1900 4,791 sqft lot $66/sqft · 256% above area

---

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
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Schools +6.0/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Explore this updated Steubenville residence featuring 3 bedrooms and 1 bath. The interior boasts newer flooring with well-maintained tile in the kitchen and carpet throughout the living areas. The primary bathroom showcases a modern vanity and a custom built-in standing shower. A versatile basement includes a finished section for extra living space plus an unfinished utility side. Outside, find a shingle roof and two carports for convenient parking. Efficient heating and dual window cooling units ensure seasonal comfort. A solid property ready for its next chapter.

Key facts

• Efficient heating
• Newer flooring
• Two carports

Tags

• NEWER FLOORING
• WELL MAINTAINED TILE
• SHINGLE ROOF
• TWO CARPORTS
• EFFICIENT HEATING
• DUAL WINDOW COOLING UNITS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $85k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 5.2% in Steubenville — 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 76/100 on livability (#214 in OH, #3,318 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, commute A+, cost of living A+; Watch: amenities F, employment F.
• Steubenville City (urban): math 74% / reading 71% proficiency, ranked #150 of 656 in OH (top 23%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 98 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Jefferson County population projected at -19% 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 $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $28k; list at $90k implies a 227% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $84,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% 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. 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 A-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: 1.28% ✓
• Cap rate: 11.08%
• Cash-on-cash: 17.10%
• DSCR: 1.76
• GRM: 6.5

CMA / ARV

• ARV (median comp): $25,243
• List price: $89,900
• Delta: 256.13%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1219 Oregon Ave	0.28mi	3/1.0	1,364 (-0%)	6mo	$120,500	$88	80
1510 Pennsylvania Ave	0.05mi	3/1.0	1,281 (-6%)	8mo	$50,500	$39	78
1222 Oregon Ave	0.27mi	3/1.0	1,424 (+4%)	3mo	$12,500	$9	76
1312 Wellesley Ave	0.19mi	3/2.0	1,470 (+7%)	5mo	$31,000	$21	73
1952 Mccauslen Mnr	0.43mi	3/2.0	1,308 (-4%)	0mo	$255,000	$195	70
2012 Fairmont Ave	0.54mi	3/1.0	1,408 (+3%)	1mo	$142,500	$101	67
507 Highland Ave	0.58mi	2/1.0 (-1)	1,304 (-5%)	2mo	$23,000	$18	57
316 Henry Ave	0.57mi	3/1.5	1,200 (-12%)	2mo	$115,000	$96	51
301 Mckee St	0.59mi	3/1.0	1,214 (-11%)	1mo	$25,000	$21	51
1113 State St	0.69mi	3/2.0	1,232 (-10%)	1mo	$135,000	$110	48
1810 Mary Ave	0.56mi	3/1.0	1,538 (+12%)	7mo	$136,000	$88	46
742 Broadway Blvd	0.52mi	4/3.0 (+1)	1,235 (-10%)	7mo	$156,500	$127	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: 8.4%
• Equity multiple: 1.33×
• Total profit: $8,248
• Equity at exit: $13,404

10-year hold

• IRR: 17.6%
• Equity multiple: 2.45×
• Total profit: $36,483
• Equity at exit: $7,773

Cash invested: $25,172 (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 43952

• Active inventory: 98
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,146 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$38 /mo · $456/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $359

Break-even live

Break-even rent $692

Max offer price $89,900

Occupancy floor 64%

Sensitivity live

Price	-10% $410	-5% $384	+0% $359	+5% $333	+10% $308
Rent	-10% $268	-5% $313	+0% $359	+5% $404	+10% $449
Rate	-1.0pp $404	-0.5pp $382	base $359	+0.5pp $335	+1.0pp $312

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1646 Ridge Ave Steubenville, OH	3.0	1.0	1220	$700	$0.57	44d	1	0.21mi

Listing history 18 events

1. 2026-06-19
   days on market $89,900 Active 67 DOM
2. 2026-06-18
   days on market $89,900 Active 66 DOM
3. 2026-06-17
   days on market $89,900 Active 65 DOM
4. 2026-06-16
   days on market $89,900 Active 64 DOM
5. 2026-06-15
   days on market $89,900 Active 63 DOM
6. 2026-06-14
   days on market $89,900 Active 61 DOM
7. 2026-06-12
   days on market $89,900 Active 60 DOM
8. 2026-06-09
   days on market $89,900 Active 57 DOM
9. 2026-06-08
   days on market $89,900 Active 56 DOM
10. 2026-06-07
    days on market $89,900 Active 55 DOM
11. 2026-06-05
    days on market $89,900 Active 53 DOM
12. 2026-06-04
    days on market $89,900 Active 51 DOM
13. 2026-06-02
    days on market $89,900 Active 50 DOM
14. 2026-06-01
    days on market $89,900 Active 49 DOM
15. 2026-05-31
    days on market $89,900 Active 48 DOM
16. 2026-05-31
    days on market $89,900 Active 47 DOM
17. 2026-04-13
    listed $89,900 Active 571-char remark

    Show marketing remark (571 chars)

    Explore this updated Steubenville residence featuring 3 bedrooms and 1 bath. The interior boasts newer flooring with well-maintained tile in the kitchen and carpet throughout the living areas. The primary bathroom showcases a modern vanity and a custom built-in standing shower. A versatile basement includes a finished section for extra living space plus an unfinished utility side. Outside, find a shingle roof and two carports for convenient parking. Efficient heating and dual window cooling units ensure seasonal comfort. A solid property ready for its next chapter.

18. 1988-06-30
    soldstatus $27,500

ⓘ 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: $456 · $38/mo
• Projected year-2 tax: $929 · $77/mo
• Expected delta: +$473/yr (+$39/mo · 103.7%)

ⓘ 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 · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,756
• − Mortgage interest: −$5,036
• − Property taxes: −$456
• − Insurance: −$450
• − Repairs & maintenance: −$1,100
• − Management: −$1,100
• − Depreciation: −$2,615
• Taxable income: $2,998
• Est. tax owed @ 24.0%: −$720
• After-tax cash flow: $3,585/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: Steubenville City
• NCES district ID: 3904482
• Math proficiency: 74% ▼ -15.00%
• Reading proficiency: 71% ▼ -11.00%
• Median HH income: $29,668
• Composite: 59.52/100
• National rank: #920
• State rank: #150 of 656 in OH

Livability — Steubenville

• Score: 76/100
• State rank: #214
• US rank: #3318

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Steubenville, OH
• County: Jefferson County · 17,836 people
• City population: 17,836
• Metro: Weirton-Steubenville, WV-OH
• Population (ZIP): 17,836
• Household income: $47,624
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 601.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 63,481 people
• By 2030: 61,067 · -3.8%
• By 2040: 55,860 · -12.0%
• By 2050: 51,236 · -19.3%
• By 2075: 41,804 · -34.1%
• By 2100: 32,344 · -49.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 13% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Romanian 5% Italian 2% Slovak 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+43.9) · D 27.5% · R 71.4% · Other 1.1%
• 2008→2024 swing: -44.1pp toward R · 2008: 0.2pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+38.4 2016: R+35.7 2012: R+5.5 2008: D+0.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.13%
• Current HPI: 183.5034
• Rent YoY: —
• Metro: Weirton-Steubenville, WV-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

+226.9% since first listed

2 events — show timeline

• 2026-04-13 Listed $89,900 MLSNOW
• 1988-06-30 Sold (Public Records) $27,500 Public Records

Property tax history

-1.2%/yr

Latest (2025): $456 · +1.5% YoY. Source: county tax records.