1728 Urban Cir N · Lorain, OH 44053

$180,000

4 bd · 2.5 ba · 2,128 sqft · SingleFamily public records · 111 Days on market

Built 1977 $85/sqft · 24% below area Est $238k · 24% under

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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 +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +6.5/10.0
• Schools +5.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

No basement. Needs work like new flooring and paint. Latgest yard on the block. Amherst school district.

Key facts

• Largest yard
• 4 garage spots
• Built 1977

Tags

• LARGEST YARD
• AMHERST SCHOOL DISTRICT

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $389 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $164k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 5.7% in Lorain — 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 67/100 on livability (#595 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities D, health & safety D, crime F.
• Amherst Exempted Village (suburban): math 66% / reading 69% proficiency, ranked #160 of 656 in OH (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 18% free/reduced lunch — higher-income household profile.
• Zoned schools: Powers Elementary School (math 66% / reading 64%, grade B+, #516 of 1,584 statewide, top 33%, 1,123 students, 28% FRL); Amherst Junior High School (math 65% / reading 68%, grade A-, #172 of 654 statewide, top 27%, 867 students, 31% FRL); Marion L Steele High School (math 48% / reading 78%, grade B-, #199 of 781 statewide, top 25%, 1,039 students, 28% FRL).
• Market conditions: 82 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 37% of the median local income ($67k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 111 days — a 9% lower offer ($164k) is reasonable based on typical stale-listing flexibility.

Recommended offer $163,800 (9.0% below list)

Questions for the listing agent

1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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. 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?
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: 1.15% ✓
• Cap rate: 8.89%
• Cash-on-cash: 9.26%
• DSCR: 1.41
• GRM: 7.2

CMA / ARV

• ARV (median comp): $237,550
• List price: $180,000
• Delta: -24.23%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1711 N Nantucket Dr	0.22mi	4/2.0	2,024 (-5%)	3mo	$245,000	$121	77
1519 Westwood Dr	0.25mi	4/3.0	2,256 (+6%)	4mo	$265,000	$117	73
5417 Edgewood Dr	0.14mi	4/2.0	1,952 (-8%)	8mo	$275,000	$141	71
5204 7 Pines Dr	0.24mi	3/2.0 (-1)	2,016 (-5%)	8mo	$220,000	$109	67
5116 7 Pines Dr	0.27mi	3/2.0 (-1)	1,952 (-8%)	7mo	$239,900	$123	61
1803 Tower Blvd	0.69mi	3/2.5 (-1)	2,125 (-0%)	6mo	$209,900	$99	58
5107 7 Pines Dr	0.29mi	3/2.0 (-1)	1,936 (-9%)	9mo	$260,000	$134	56
1423 Narragansett Blvd	0.20mi	3/1.5 (-1)	1,812 (-15%)	3mo	$228,000	$126	54
4817 Edgewood Dr	0.41mi	4/2.0	1,812 (-15%)	0mo	$292,500	$161	54
1428 Westwood Dr	0.32mi	3/1.0 (-1)	1,874 (-12%)	0mo	$220,000	$117	54
5211 St James Blvd	0.43mi	3/2.5 (-1)	1,926 (-10%)	10mo	$275,000	$143	51
45055 N Ridge Rd	0.54mi	4/2.0	1,912 (-10%)	8mo	$245,000	$128	49

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: -2.3%
• Equity multiple: 0.91×
• Total profit: $-4,358
• Equity at exit: $26,839

10-year hold

• IRR: 7.4%
• Equity multiple: 1.56×
• Total profit: $28,241
• Equity at exit: $15,563

Cash invested: $50,400 (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 44053

• Home prices YoY: -31.3%
• Active inventory: 82
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,069 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$227 /mo · $2,720/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $389

Break-even live

Break-even rent $1,577

Max offer price $180,000

Occupancy floor 76%

Sensitivity live

Price	-10% $491	-5% $440	+0% $389	+5% $338	+10% $287
Rent	-10% $226	-5% $307	+0% $389	+5% $471	+10% $552
Rate	-1.0pp $480	-0.5pp $435	base $389	+0.5pp $342	+1.0pp $295

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5203 Gargasz Dr Lorain, OH	3.0	2.0	1416	$1,895	$1.34	20d	1	0.25mi
4500 Bellow Dr Lorain, OH	4.0	2.5	2200	$3,295	$1.50	3d	1	1.37mi
4500 Bellow Dr Lorain, OH	5.0	2.5	2200	$2,995	$1.36	45d	1	1.37mi
4619 Erhart Dr Lorain, OH	4.0	2.5	1680	$2,895	$1.72	12d	1	1.41mi

Listing history 15 events

1. 2026-06-21
   days on market $180,000 Active 111 DOM
2. 2026-06-18
   days on market $180,000 Active 108 DOM
3. 2026-06-17
   days on market $180,000 Active 107 DOM
4. 2026-06-16
   days on market $180,000 Active 106 DOM
5. 2026-06-15
   days on market $180,000 Active 105 DOM
6. 2026-06-13
   days on market $180,000 Active 103 DOM
7. 2026-06-13
   days on market $180,000 Active 102 DOM
8. 2026-06-09
   days on market $180,000 Active 99 DOM
9. 2026-06-08
   days on market $180,000 Active 98 DOM
10. 2026-06-07
    days on market $180,000 Active 97 DOM
11. 2026-06-03
    days on market $180,000 Active 93 DOM
12. 2026-06-02
    days on market $180,000 Active 92 DOM
13. 2026-06-01
    days on market $180,000 Active 91 DOM
14. 2026-05-31
    days on market $180,000 Active 90 DOM
15. 2026-02-26
    listed $180,000 Active 104-char remark

    Show marketing remark (104 chars)

    No basement. Needs work like new flooring and paint. Latgest yard on the block. Amherst school district.

ⓘ 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: $2,720 · $227/mo
• Projected year-2 tax: $2,764 · $230/mo
• Expected delta: +$44/yr (+$4/mo · 1.6%)

ⓘ 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 · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,829
• − Mortgage interest: −$10,083
• − Property taxes: −$2,720
• − Insurance: −$900
• − Repairs & maintenance: −$1,986
• − Management: −$1,986
• − Depreciation: −$5,236
• Taxable income: $1,918
• Est. tax owed @ 24.0%: −$460
• After-tax cash flow: $4,208/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: Amherst Exempted Village
• NCES district ID: 3904519
• Math proficiency: 66% ▼ -15.00%
• Reading proficiency: 69% ▼ -11.00%
• Median HH income: $63,459
• Composite: 58.58/100
• National rank: #988
• State rank: #160 of 656 in OH

Livability — Lorain

• Score: 67/100
• State rank: #595
• US rank: #10183

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lorain, OH
• County: Lorain County · 219,437 people
• City population: 69,409
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 21,084
• Household income: $67,484
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 921.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 22% Two or more races 14% Black 11%
• Hispanic origin (detail): Mexican 4% Puerto Rican 16% Cuban 2%
• Common ancestry: Romanian 8% Lithuanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 8% Russian/Polish/Slavic 1%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.03%
• Current HPI: 199.4591
• Rent YoY: —
• Metro: Cleveland-Elyria, 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

1 event — show timeline

• 2026-02-26 Listed $180,000 Fizber.com

Property tax history

+1.6%/yr

Latest (2025): $2,720 · +1.6% YoY. Source: county tax records.