3203 Court St · Edgewood, OH 44004

$134,900

3 bd · 1.5 ba · 1,104 sqft · SingleFamily public records · 37 Days on market

Built 1957 0.28 ac lot Est $178k · 24% under

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Why this score? — see what drove the C 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 +19.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +5.3/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming, well-built Ranch in excellent condition, newer roof, siding, gutters, windows, furnace, A/C and window blinds will give you peace of mind. The work is done- move in and enjoy. Finished basement includes family room, kitchen, shower and plenty of storage areas. Garage is finished to also serve as a porch in warm weather, large backyard. Great home in convenient location. Appliances included.

Key facts

• Laundry area
• Hardwood floors
• 0.28 acre lot

Tags

• HARDWOOD FLOORS
• FULL UNFINISHED BASEMENT
• LAUNDRY AREA
• UPDATED ELECTRICAL BOX
• NICELY SIZED BACKYARD

Property features AI

Finance

• HOA & community: Community amenities nearby include golf, medical services, park access, and shopping

Exterior

• Parking: 2-car garage; Driveway parking on paved surface
• Utilities: Public water; Public sewer
• Home design: Single-story home; Faces east
• Construction: Vinyl siding; Shingle (asphalt/fiberglass) roof; Block foundation; Built in public-records era (year built per public records)
• Exterior features: Patio; Outbuilding/shed for storage; Lot dimensions approx. 85 x 140

Interior

• Kitchen: Built-in oven; Cooktop; Refrigerator; Kitchen with window treatments
• Bedrooms: Three main-level bedrooms
• Flooring: Hardwood flooring in some bedrooms and other rooms; Carpet in living room; Linoleum in kitchen, dining room, and bathrooms
• Bathrooms: One full bathroom; One half bathroom
• Heating & cooling: Forced-air gas heating; Central air conditioning
• Interior features: WaterSense fixtures; Bay window providing natural light; Window treatments on multiple rooms
• Laundry & utility: Washer; Dryer; Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $152 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#295 in OH, #4,806 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities D, schools F, commute F.
• Buckeye Local (town): math 44% / reading 58% proficiency, ranked #432 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 169 active listings in the ZIP; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($50k/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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Ashtabula County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y ago; this cycle's ask has dropped $15k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $135k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,853 (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 1957 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.03% ✓
• Cap rate: 7.65%
• Cash-on-cash: 4.83%
• DSCR: 1.21
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $177,744
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2045 E 42nd St	0.62mi	2/2.0 (-1)	1,240 (+12%)	8mo	$200,000	$161	37

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: -8.8%
• Equity multiple: 0.68×
• Total profit: $-12,145
• Equity at exit: $20,114

10-year hold

• IRR: 0.8%
• Equity multiple: 1.05×
• Total profit: $2,012
• Equity at exit: $11,664

Cash invested: $37,772 (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 44004

• Home prices YoY: -30.5%
• Active inventory: 169
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,389 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$181 /mo · $2,175/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $152

Break-even live

Break-even rent $1,196

Max offer price $134,900

Occupancy floor 84%

Sensitivity live

Price	-10% $228	-5% $190	+0% $152	+5% $114	+10% $76
Rent	-10% $42	-5% $97	+0% $152	+5% $207	+10% $262
Rate	-1.0pp $220	-0.5pp $186	base $152	+0.5pp $117	+1.0pp $82

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-06-07
   remarks 699-char remark
2. 2026-06-07
   listed $134,900 Pending 37 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: $2,175 · $181/mo
• Projected year-2 tax: $2,175 · $181/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 ≥93°F today · 18 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: $16,663
• − Mortgage interest: −$7,556
• − Property taxes: −$2,175
• − Insurance: −$674
• − Repairs & maintenance: −$1,333
• − Management: −$1,333
• − Depreciation: −$3,924
• Taxable loss: −$334
• Est. tax savings @ 24.0%: +$80
• After-tax cash flow: $1,905/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: Buckeye Local
• NCES district ID: 3904585
• Math proficiency: 44% ▼ -16.00%
• Reading proficiency: 58% ▼ -9.00%
• Median HH income: $46,117
• Composite: 43.19/100
• National rank: #3067
• State rank: #432 of 656 in OH

Livability — Edgewood

• Score: 74/100
• State rank: #295
• US rank: #4806

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Edgewood, OH
• County: Ashtabula · 97,617 people
• Metro: Cleveland, OH
• Population (ZIP): 31,076
• Household income: $49,507
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 14.1

Population outlook (Ashtabula County) Hauer SSP2

• Today (2025): 92,950 people
• By 2030: 89,146 · -4.1%
• By 2040: 80,715 · -13.2%
• By 2050: 72,270 · -22.2%
• By 2075: 55,780 · -40.0%
• By 2100: 40,928 · -56.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 7% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5%
• Common ancestry: Romanian 4% Iranian 2% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Ashtabula

• 2024 margin: Strong R (+28.4) · D 35.4% · R 63.8%
• 2008→2024 swing: -41.9pp toward R · 2008: 13.5pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+23.5 2016: R+19.0 2012: D+12.1 2008: D+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.51%
• Current HPI: 260.7146
• 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

+69.7% since first listed

9 events — show timeline

• 2026-05-29 Pending — MLSNOW
• 2026-05-21 Price Changed $134,900 MLSNOW
• 2026-04-29 Relisted — MLSNOW
• 2026-04-27 Pending — MLSNOW
• 2026-04-20 Listed $149,900 MLSNOW
• 2011-10-14 Sold (Public Records) $75,000 Public Records
• 2011-10-14 Sold (MLS) $75,000 MLSNOW
• 2011-10-03 Listing Removed — MLSNOW
• 2011-05-03 Listed $79,500 MLSNOW

Property tax history

+0.3%/yr

Latest (2025): $2,175 · +37.7% YoY. Source: county tax records.