249 Central Parkway Ave SE · Warren, OH 44483

$80,000

4 bd · 1.5 ba · 1,848 sqft · SingleFamily public records · 28 Days on market

Built 1940 9,239 sqft lot ↓ 9% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

NEW ROOF and GUTTERS-the rest is up to your imagination! Investors- rehab this one-there is room for a high return! With 4 beds, 1.5 baths, formal dining room and attached garage. Sitting on a corner lot in the first block off of East Market St.

Key facts

• Gutters
• New roof
• Corner lot

Tags

• NEW ROOF
• GUTTERS
• CORNER LOT

Property features AI

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Public water; Public sewer
• Home design: 2-story house; Wood siding exterior; Composition roof
• Construction: Built (year from public records); Wood siding construction; Composition roof
• Exterior features: Lot approximately 0.2121 acres; Property listed as fixer condition

Interior

• Bedrooms: Total of 8 rooms (bedrooms included within room count)
• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Baseboard heating; Central air conditioning
• Interior features: Full, unfinished basement; Fireplace (1)

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $473 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 6.0% in Warren — 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 (#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: 107 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($49k/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 $553 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y 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.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $78,800 (1.5% below list)

Questions for the listing agent

1. Built in 1940 — 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: 1.71% ✓
• Cap rate: 13.39%
• Cash-on-cash: 25.36%
• DSCR: 2.13
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $201,432
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
222 Central Parkway Ave SE	0.04mi	4/1.5	1,830 (-1%)	1mo	$69,900	$38	95
221 Kenmore Ave SE	0.26mi	4/2.0	1,696 (-8%)	5mo	$155,420	$92	68
548 Adelaide Ave SE	0.52mi	4/1.5	1,786 (-3%)	7mo	$62,500	$35	64
165 Oak Knoll Ave NE	0.61mi	3/2.0 (-1)	1,800 (-3%)	3mo	$185,000	$103	58
506 Oak Knoll Ave SE	0.57mi	4/2.0	1,753 (-5%)	8mo	$202,500	$116	56
664 Perkinswood Blvd NE	0.59mi	3/1.5 (-1)	1,619 (-12%)	1mo	$184,500	$114	46
3730 Northwood Dr SE	0.68mi	3/2.0 (-1)	1,684 (-9%)	1mo	$260,000	$154	45
564 Adelaide Ave NE	0.67mi	4/2.5	1,614 (-13%)	6mo	$177,000	$110	39
564 Genesee	0.71mi	5/2.0 (+1)	2,054 (+11%)	5mo	$244,900	$119	37
591 Belvedere Ave NE	0.67mi	3/1.5 (-1)	1,608 (-13%)	7mo	$175,000	$109	36
630 Adelaide Ave NE	0.72mi	3/2.0 (-1)	1,600 (-13%)	5mo	$158,000	$99	32
710 Woodbine Ave SE	0.71mi	3/1.5 (-1)	1,578 (-15%)	6mo	$93,000	$59	32

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: 19.0%
• Equity multiple: 1.77×
• Total profit: $17,239
• Equity at exit: $11,928

10-year hold

• IRR: 27.3%
• Equity multiple: 3.41×
• Total profit: $54,056
• Equity at exit: $6,917

Cash invested: $22,400 (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 44483

• Home prices YoY: -16.3%
• Active inventory: 107
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,370 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$156 /mo · $1,873/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$288
• Net cashflow: $473

Break-even live

Break-even rent $771

Max offer price $80,000

Occupancy floor 60%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
341 Charles AVE Warren, OH	3.0	1.0	1232	$1,100	$0.89	43d	1	1.09mi

Listing history 22 events

1. 2026-06-15
   status $80,000 Pending 28 DOM
2. 2026-06-15
   days on market $80,000 Contingent 28 DOM
3. 2026-06-14
   days on market $80,000 Contingent 26 DOM
4. 2026-06-13
   days on market $80,000 Contingent 25 DOM
5. 2026-06-10
   days on market $80,000 Contingent 23 DOM
6. 2026-06-09
   days on market $80,000 Contingent 22 DOM
7. 2026-06-08
   days on market $80,000 Contingent 21 DOM
8. 2026-06-07
   days on market $80,000 Contingent 20 DOM
9. 2026-06-05
   days on market $80,000 Contingent 17 DOM
10. 2026-06-02
    days on market $80,000 Contingent 15 DOM
11. 2026-06-01
    days on market $80,000 Contingent 14 DOM
12. 2026-05-31
    days on market $80,000 Contingent 13 DOM
13. 2026-05-30
    days on market $80,000 Contingent 12 DOM
14. 2026-05-21
    historical Contingent
15. 2026-05-18
    listed $80,000 Active
16. 2025-11-14
    status Pending
17. 2025-11-14
    historical
18. 2025-10-15
    listed $80,000 Active
19. 2013-03-07
    soldstatus $78,500
20. 2012-03-26
    historical
21. 2012-01-12
    listed $47,900
22. 1999-04-21
    soldstatus $88,000

ⓘ 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: $1,873 · $156/mo
• Projected year-2 tax: $1,873 · $156/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 ≥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: $16,440
• − Mortgage interest: −$4,481
• − Property taxes: −$1,873
• − Insurance: −$400
• − Repairs & maintenance: −$1,315
• − Management: −$1,315
• − Depreciation: −$2,327
• Taxable income: $4,728
• Est. tax owed @ 24.0%: −$1,135
• After-tax cash flow: $4,545/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 County · 61,158 people
• City population: 25,805
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 25,805
• Household income: $49,017
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 989.0

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: Predominantly White (77%)
• Race & ethnicity: White 77% Black 14% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Romanian 3% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Other Indo-European 2% Spanish 2%

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: ▼ -42.50%
• Current HPI: 218.3455
• Rent YoY: —
• Metro: Youngstown-Warren-Boardman, OH-PA
• 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

-9.1% since first listed

9 events — show timeline

• 2026-05-21 Contingent — MLSNOW
• 2026-05-18 Listed $80,000 MLSNOW
• 2025-11-14 Pending — MLSNOW
• 2025-11-14 Listing Removed — MLSNOW
• 2025-10-15 Listed $80,000 MLSNOW
• 2013-03-07 Sold (Public Records) $78,500 Public Records
• 2012-03-26 Listing Removed — MLSNOW
• 2012-01-12 Listed $47,900 MLSNOW
• 1999-04-21 Sold (Public Records) $88,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $1,873 · +1.9% YoY. Source: county tax records.