406 W Indiana Ave · Sebring, OH 44672

$84,900

3 bd · 2.0 ba · 1,584 sqft · SingleFamily public records · 70 Days on market

Built 1915 7,492 sqft lot Est $144k · 41% 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 +23.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.9/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is an ONLINE ONLY foreclosure sale. There are NO SHOWINGS. Deposit due by wire transfer within 48 upon conclusion . Cash deal; funding must take place within 30 days of confirmation of sale. 5% Buyer’s Premium shall apply. Subject to postponement and cancellation. Full terms and conditions at online registration.

Key facts

• Corner double lot
• Covered front porch
• Side entry

Tags

• CORNER DOUBLE LOT
• COVERED FRONT PORCH
• SIDE ENTRY
• REAR DECK
• DETACHED OVERSIZED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $161 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $80k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#827 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools C-, amenities F, commute F.
• Sebring Local (town): math 48% / reading 54% proficiency, ranked #438 of 656 in OH (top 67%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 17 active listings in the ZIP; 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Mahoning County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($80k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,806 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 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 1915 — 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. 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: 1.19% ✓
• Cap rate: 8.57%
• Cash-on-cash: 8.15%
• DSCR: 1.36
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $144,144
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
406 W Indiana Ave	0.00mi	3/2.0	1,584 (0%)	1mo	$87,000	$55	99
145 N 17th St	0.28mi	3/1.0	1,592 (+0%)	7mo	$144,200	$91	76
225 W Ohio Ave	0.27mi	3/1.0	1,400 (-12%)	0mo	$60,100	$43	64
756 N 15th St	0.40mi	3/1.0	1,670 (+5%)	7mo	$91,200	$55	62
625 W Maryland Ave	0.27mi	3/2.0	1,792 (+13%)	7mo	$186,000	$104	60
245 E Maryland Ave	0.50mi	3/1.0	1,496 (-6%)	4mo	$25,000	$17	60
324 S 15th St	0.68mi	3/2.5	1,509 (-5%)	2mo	$167,500	$111	56
215 E Virginia Ave	0.47mi	3/2.0	1,730 (+9%)	9mo	$180,000	$104	55
240 S 15th St	0.65mi	2/1.0 (-1)	1,662 (+5%)	7mo	$60,000	$36	47
676 W Tennessee Ave	0.48mi	4/1.0 (+1)	1,456 (-8%)	12mo	$60,000	$41	45
487 W Florida Ave	0.60mi	4/1.0 (+1)	1,427 (-10%)	12mo	$151,000	$106	37
656 N 12th St	0.70mi	3/1.5	1,364 (-14%)	10mo	$184,900	$136	34

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: -3.8%
• Equity multiple: 0.86×
• Total profit: $-3,429
• Equity at exit: $12,659

10-year hold

• IRR: 5.9%
• Equity multiple: 1.44×
• Total profit: $10,444
• Equity at exit: $7,341

Cash invested: $23,772 (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 44672

• Home prices YoY: -14.6%
• Active inventory: 17
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,013 medium
• Mortgage (P&I): −$445
• Tax from tax record: −$158 /mo · $1,895/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $161

Break-even live

Break-even rent $808

Max offer price $84,900

Occupancy floor 79%

Sensitivity live

Price	-10% $209	-5% $185	+0% $161	+5% $137	+10% $113
Rent	-10% $81	-5% $121	+0% $161	+5% $201	+10% $241
Rate	-1.0pp $204	-0.5pp $183	base $161	+0.5pp $139	+1.0pp $117

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-04-22
   status Pending
2. 2026-03-13
   price $84,900
3. 2026-02-09
   listed $94,900 Active
4. 2026-02-06
   soldstatus $98,000 Closed 325-char remark

   Show marketing remark (325 chars)

   This is an ONLINE ONLY foreclosure sale. There are NO SHOWINGS. Deposit due by wire transfer within 48 upon conclusion . Cash deal; funding must take place within 30 days of confirmation of sale. 5% Buyer’s Premium shall apply. Subject to postponement and cancellation. Full terms and conditions at online registration.

5. 2026-02-06
   soldstatus $98,000

   Show marketing remark (325 chars)

   This is an ONLINE ONLY foreclosure sale. There are NO SHOWINGS. Deposit due by wire transfer within 48 upon conclusion . Cash deal; funding must take place within 30 days of confirmation of sale. 5% Buyer’s Premium shall apply. Subject to postponement and cancellation. Full terms and conditions at online registration.

6. 2025-08-17
   status Pending 325-char remark

   Show marketing remark (325 chars)

   This is an ONLINE ONLY foreclosure sale. There are NO SHOWINGS. Deposit due by wire transfer within 48 upon conclusion . Cash deal; funding must take place within 30 days of confirmation of sale. 5% Buyer’s Premium shall apply. Subject to postponement and cancellation. Full terms and conditions at online registration.

7. 2025-07-10
   listed $98,000 Active 325-char remark

   Show marketing remark (325 chars)

   This is an ONLINE ONLY foreclosure sale. There are NO SHOWINGS. Deposit due by wire transfer within 48 upon conclusion . Cash deal; funding must take place within 30 days of confirmation of sale. 5% Buyer’s Premium shall apply. Subject to postponement and cancellation. Full terms and conditions at online registration.

8. 2014-07-28
   soldstatus $86,000 1004-char remark

   Show marketing remark (1004 chars)

   This property has so much to offer. When entering the home from the back deck you enter into a large office/craft room with nice closet, & hardwood flooring. The spacious country kitchen with oak cabinets, tile flooring & backsplash is a cook's dream. Next is either a formal dining room w/ hardwood floors or a spacious living room w/ many windows that makes this area light and inviting & has neutral decor. To the front of the home you have an enclosed front porch which would be a great place to sit and relax. A large full bath completes the first floor. The upstairs has 3 nice size bedrooms & a full bath. This home is situated on the double corner lot & features a 3 car detached garage & a great play area complete with swing. The yard also has an invisible dog fence. This home has had many updates over the last few years. A complete list is posted online and will be available at the home for your review when you visit. Room sizes & sq ft. is approx.

9. 2014-07-28
   soldstatus $86,000

   Show marketing remark (1004 chars)

   This property has so much to offer. When entering the home from the back deck you enter into a large office/craft room with nice closet, & hardwood flooring. The spacious country kitchen with oak cabinets, tile flooring & backsplash is a cook's dream. Next is either a formal dining room w/ hardwood floors or a spacious living room w/ many windows that makes this area light and inviting & has neutral decor. To the front of the home you have an enclosed front porch which would be a great place to sit and relax. A large full bath completes the first floor. The upstairs has 3 nice size bedrooms & a full bath. This home is situated on the double corner lot & features a 3 car detached garage & a great play area complete with swing. The yard also has an invisible dog fence. This home has had many updates over the last few years. A complete list is posted online and will be available at the home for your review when you visit. Room sizes & sq ft. is approx.

10. 2014-06-11
    historical 1004-char remark

    Show marketing remark (1004 chars)

    This property has so much to offer. When entering the home from the back deck you enter into a large office/craft room with nice closet, & hardwood flooring. The spacious country kitchen with oak cabinets, tile flooring & backsplash is a cook's dream. Next is either a formal dining room w/ hardwood floors or a spacious living room w/ many windows that makes this area light and inviting & has neutral decor. To the front of the home you have an enclosed front porch which would be a great place to sit and relax. A large full bath completes the first floor. The upstairs has 3 nice size bedrooms & a full bath. This home is situated on the double corner lot & features a 3 car detached garage & a great play area complete with swing. The yard also has an invisible dog fence. This home has had many updates over the last few years. A complete list is posted online and will be available at the home for your review when you visit. Room sizes & sq ft. is approx.

11. 2014-02-10
    listed $87,000 1004-char remark

    Show marketing remark (1004 chars)

    This property has so much to offer. When entering the home from the back deck you enter into a large office/craft room with nice closet, & hardwood flooring. The spacious country kitchen with oak cabinets, tile flooring & backsplash is a cook's dream. Next is either a formal dining room w/ hardwood floors or a spacious living room w/ many windows that makes this area light and inviting & has neutral decor. To the front of the home you have an enclosed front porch which would be a great place to sit and relax. A large full bath completes the first floor. The upstairs has 3 nice size bedrooms & a full bath. This home is situated on the double corner lot & features a 3 car detached garage & a great play area complete with swing. The yard also has an invisible dog fence. This home has had many updates over the last few years. A complete list is posted online and will be available at the home for your review when you visit. Room sizes & sq ft. is approx.

12. 2003-10-10
    soldstatus $89,500
13. 1992-08-03
    soldstatus $24,000
14. 1989-02-06
    soldstatus $20,000

ⓘ 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: $1,895 · $158/mo
• Projected year-2 tax: $1,895 · $158/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 ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,151
• − Mortgage interest: −$4,756
• − Property taxes: −$1,895
• − Insurance: −$424
• − Repairs & maintenance: −$972
• − Management: −$972
• − Depreciation: −$2,470
• Taxable income: $662
• Est. tax owed @ 24.0%: −$159
• After-tax cash flow: $1,778/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: Sebring Local
• NCES district ID: 3904835
• Math proficiency: 48% ▼ -4.00%
• Reading proficiency: 54% ▼ -2.00%
• Median HH income: $38,488
• Composite: 42.5/100
• National rank: #3207
• State rank: #438 of 656 in OH

Livability — Sebring

• Score: 63/100
• State rank: #827
• US rank: #15374

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sebring, OH
• County: Mahoning · 224,175 people
• City population: 4,741
• Metro: Youngstown-Warren, OH
• Population (ZIP): 4,741
• Household income: $49,835
• Rent vs Own: 50.1% rent · 49.9% own
• Severe rent burden: 20.1

Population outlook (Mahoning County) Hauer SSP2

• Today (2025): 223,932 people
• By 2030: 218,387 · -2.5%
• By 2040: 205,367 · -8.3%
• By 2050: 193,606 · -13.5%
• By 2075: 173,694 · -22.4%
• By 2100: 151,147 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Slovak 4% Iranian 3% Romanian 3%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Mahoning

• 2024 margin: Lean R (+9.4) · D 44.9% · R 54.4%
• 2008→2024 swing: -36.1pp toward R · 2008: 26.6pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+1.9 2016: D+3.0 2012: D+27.7 2008: D+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.88%
• Current HPI: 227.2518
• 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

+324.5% since first listed

14 events — show timeline

• 2026-04-22 Pending — MLSNOW
• 2026-03-13 Price Changed $84,900 MLSNOW
• 2026-02-09 Listed $94,900 MLSNOW
• 2026-02-06 Sold (Public Records) $98,000 Public Records
• 2026-02-06 Sold (MLS) $98,000 MLSNOW
• 2025-08-17 Pending — MLSNOW
• 2025-07-10 Listed $98,000 MLSNOW
• 2014-07-28 Sold (Public Records) $86,000 Public Records
• 2014-07-28 Sold (MLS) $86,000 MLSNOW
• 2014-06-11 Listing Removed — MLSNOW
• 2014-02-10 Listed $87,000 MLSNOW
• 2003-10-10 Sold (Public Records) $89,500 Public Records
• 1992-08-03 Sold (Public Records) $24,000 Public Records
• 1989-02-06 Sold (Public Records) $20,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $1,895 · +20.7% YoY. Source: county tax records.