1936 Norwood St NW · Warren, OH 44485

$84,527

2 bd · 1.0 ba · 818 sqft · SingleFamily public records · 19 Days on market

Built 1949 0.34 ac lot Est $97k · 12% under ↓ 19% since listing

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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 +19.7/30.0
• ARV discount +13.1/15.0
• DSCR +6.2/10.0
• 1% rule +4.5/10.0
• Appreciation +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks

An ideal opportunity for first-time buyers or retirees, this fully updated ranch offers comfortable, one-floor living in a quiet setting with city utilities. The home is the perfect size—easy to maintain, efficient, and designed for everyday living without wasted space. Inside, you’ll find a brand-new kitchen and and a brand new custom full bath, along with new windows that bring in great natural light and save money on the heating bill, Fresh paint, all-new floor coverings, a new furnace, and a new hot water tank and updated electrical, mean the major work is already done—so you can move in with confidence. With today’s interest rates, monthly payments may be even l

Key facts

• New furnace
• Brand new kitchen
• New hot water tank

Tags

• FULLY UPDATED RANCH
• BRAND NEW KITCHEN
• BRAND NEW CUSTOM FULL BATH
• NEW WINDOWS
• NEW FURNACE
• NEW HOT WATER TANK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $100 ($1k/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 $80k (5.0% below list).
• Recommended offer: $80k (5.0% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 6.0% in Warren — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 73/100 on livability (#312 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime D-, commute F, employment F.
• Warren City (urban): math 22% / reading 32% proficiency, ranked #599 of 656 in OH (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 42 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.1%/yr); year-one equity from $584 of loan paydown is wiped out by about $962 of value loss. Plan a longer hold.
• Trumbull 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 19 days — a 2% lower offer ($83k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $80,319 (5.0% below list)

Questions for the listing agent

1. Built in 1949 — 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. Crime grade is D 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?
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: 0.95% ✗
• Cap rate: 7.71%
• Cash-on-cash: 5.06%
• DSCR: 1.22
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $96,524
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1936 Norwood St NW	0.00mi	2/1.0	818 (0%)	1mo	$84,000	$103	99
1916 Lexington Ave NW	0.10mi	2/1.0	836 (+2%)	22mo	$100,000	$120	74
1432 Maxwell Ave NW	0.53mi	2/1.0	792 (-3%)	11mo	$100,000	$126	61
1568 Clemmens Ave NW	0.38mi	2/1.0	720 (-12%)	9mo	$59,900	$83	55
1552 Denison Ave NW	0.37mi	3/1.0 (+1)	720 (-12%)	5mo	$85,000	$118	54
1236 Maxwell Ave NW	0.67mi	2/1.0	792 (-3%)	21mo	$82,500	$104	46
2905 Montgomery Ave NW	0.62mi	2/1.0	896 (+10%)	11mo	$88,000	$98	46
2465 Montgomery Ave NW	0.34mi	3/1.0 (+1)	912 (+12%)	23mo	$113,000	$124	41

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

Projected returns pro-forma

-1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -0.5%
• Equity multiple: 0.98×
• Total profit: $-560
• Equity at exit: $19,840

10-year hold

• IRR: 6.3%
• Equity multiple: 1.59×
• Total profit: $13,960
• Equity at exit: $20,357

Cash invested: $23,668 (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 44485

• Home prices YoY: -0.5%
• Active inventory: 42
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $803 medium
• Mortgage (P&I): −$443
• Tax from tax record: −$56 /mo · $676/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$169
• Net cashflow: $100

Break-even live

Break-even rent $677

Max offer price $84,527

Occupancy floor 83%

Sensitivity live

Price	-10% $148	-5% $124	+0% $100	+5% $76	+10% $52
Rent	-10% $36	-5% $68	+0% $100	+5% $131	+10% $163
Rate	-1.0pp $142	-0.5pp $121	base $100	+0.5pp $78	+1.0pp $56

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: $21,132
• Closing costs: $2,536
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
421 Southern Blvd NW Unit 207 Warren, OH	2.0	1.0	640	$800	$1.25	14d	1	1.02mi
425 Southern Blvd NW Unit 425 Warren, OH	2.0	1.0	640	$750	$1.17	14d	1	1.03mi
600 Commerce Ave NW Warren, OH	2.0	1.0	900	$900	$1.00	14d	3	1.05mi
437 Nevada Ave NW Warren, OH	2.0	1.0	1016	$750	$0.74	14d	1	1.06mi

Listing history 11 events

1. 2026-04-05
   status Pending
2. 2026-03-20
   historical Contingent
3. 2026-03-17
   listed $84,527 Active
4. 2026-03-16
   historical
5. 2026-03-06
   price $84,500
6. 2025-12-22
   listed $89,527 Active
7. 2025-11-13
   status Active
8. 2025-10-14
   status Pending
9. 2025-09-23
   price $95,900
10. 2025-09-09
    price $103,500
11. 2025-08-11
    listed $105,000 Active

ⓘ 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: $676 · $56/mo
• Projected year-2 tax: $997 · $83/mo
• Expected delta: +$322/yr (+$27/mo · 47.6%)

ⓘ 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 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,638
• − Mortgage interest: −$4,735
• − Property taxes: −$676
• − Insurance: −$423
• − Repairs & maintenance: −$771
• − Management: −$771
• − Depreciation: −$2,459
• Taxable loss: −$196
• Est. tax savings @ 24.0%: +$47
• After-tax cash flow: $1,244/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: Warren City
• NCES district ID: 3904499
• Math proficiency: 22% ▼ -16.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $28,222
• Composite: 21.6/100
• National rank: #8299
• State rank: #599 of 656 in OH

Livability — Warren

• Score: 73/100
• State rank: #312
• US rank: #5068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warren, OH
• County: Trumbull · 193,293 people
• City population: 25,805
• Metro: Youngstown-Warren, OH
• Population (ZIP): 15,194
• Household income: $33,720
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 14.2

Population outlook (Trumbull County) Hauer SSP2

• Today (2025): 191,696 people
• By 2030: 184,015 · -4.0%
• By 2040: 166,810 · -13.0%
• By 2050: 149,857 · -21.8%
• By 2075: 115,769 · -39.6%
• By 2100: 83,617 · -56.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 54% Black 38% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 1% Slovak 1% Iranian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Other Indo-European 1%

Political lean MEDSL · Trumbull

• 2024 margin: R (+16.8) · D 41.2% · R 58.0%
• 2008→2024 swing: -39.2pp toward R · 2008: 22.4pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+10.6 2016: R+6.4 2012: D+22.2 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.14%
• Current HPI: 212.5324
• 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

-19.5% since first listed

11 events — show timeline

• 2026-04-05 Pending — MLSNOW
• 2026-03-20 Contingent — MLSNOW
• 2026-03-17 Listed $84,527 MLSNOW
• 2026-03-16 Listing Removed — MLSNOW
• 2026-03-06 Price Changed $84,500 MLSNOW
• 2025-12-22 Listed $89,527 MLSNOW
• 2025-11-13 Relisted — MLSNOW
• 2025-10-14 Pending — MLSNOW
• 2025-09-23 Price Changed $95,900 MLSNOW
• 2025-09-09 Price Changed $103,500 MLSNOW
• 2025-08-11 Listed $105,000 MLSNOW

Property tax history

+0.3%/yr

Latest (2025): $676 · +1.9% YoY. Source: county tax records.