229 N Bayshore Dr · Columbiana, OH 44408

$239,900

2 bd · 2.0 ba · 1,452 sqft · Condo · 10 Days on market

Built 1997

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Why this score? — see what drove the D+ 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 +14.3/30.0
• ARV discount +7.5/15.0
• Schools +6.5/10.0
• 1% rule +5.2/10.0
• DSCR +4.4/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Look no further for your amazing condo! Situated on Arrowhead Lake, enjoy the beautiful views and the peaceful landscaping of this condo. 2 beds, 2 full baths , nearly 1500 sq ft. What else do you need?! All appliances do stay with this condo, with open vaulted ceilings with a ton of natural sunlight, and plenty of space to unwind, it's a great place to call home! Call today before this condo is gone!

Key facts

• Balcony access
• Gas fireplace
• Pool

Tags

• OVERHEAD RACK
• NEWLY REDONE LANDSCAPING
• GAS FIREPLACE
• BALCONY ACCESS
• POOL
• JET AREA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $240k.

Deal economics

• At list price, monthly cash flow is $45 ($541/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $240k).
• Cap rate 6.5% vs local median 4.6% in Columbiana — 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 71/100 on livability (#427 in OH) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: employment D, amenities F, commute F.
• Columbiana Exempted Village (town): math 73% / reading 81% proficiency, ranked #84 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 55 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($71k/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 $2k of loan paydown is wiped out by about $7k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 27y 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.
• Current owner paid $140k; list at $240k implies a 71% gain — meaningful room to come down on a strong offer.

Recommended offer $239,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 6.52%
• Cash-on-cash: 0.81%
• DSCR: 1.04
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -14.9%
• Equity multiple: 0.47×
• Total profit: $-35,823
• Equity at exit: $35,770

10-year hold

• IRR: -6.2%
• Equity multiple: 0.60×
• Total profit: $-26,773
• Equity at exit: $20,742

Cash invested: $67,172 (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 44408

• Home prices YoY: -30.7%
• Active inventory: 55
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,446 high
• Mortgage (P&I): −$1,258
• Tax est. 1.5%: −$300 /mo · $3,598/yr
• Insurance: −$100
• HOA est. from 2 same-building comps: −$229
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $45

Break-even live

Break-even rent $2,388

Max offer price $239,900

Occupancy floor 93%

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14550 South Ave Unit 214 Columbiana, OH	3.0	2.5	1656	$2,650	$1.60	12d	1	0.12mi
113 Harbor Pt Columbiana, OH	2.0	2.5	1697	$2,500	$1.47	20d	1	0.37mi
179 Lakeshore Ct Columbiana, OH	2.0	2.0	1276	$2,200	$1.72	12d	1	0.38mi
27 Town Square Blvd Columbiana, OH	2.0	1.5	1370	$2,200	$1.61	12d	1	0.72mi
333 W Park Ave Unit C&C Rental Investments Columbiana, OH	2.0	1.0	1000	$1,100	$1.10	12d	1	1.28mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: landscaping
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 8 events

1. 2026-06-18
   days on market $239,900 Active 10 DOM
2. 2026-06-17
   days on market $239,900 Active 9 DOM
3. 2026-06-16
   days on market $239,900 Active 8 DOM
4. 2026-06-15
   days on market $239,900 Active 7 DOM
5. 2026-06-13
   days on market $239,900 Active 5 DOM
6. 2026-06-12
   days on market $239,900 Active 4 DOM
7. 2026-06-08
   remarks 695-char remark
8. 2026-06-08
   listed $239,900 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 17 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: $29,347
• − Mortgage interest: −$13,438
• − Property taxes: −$3,598
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,348
• − Management: −$2,348
• − HOA: −$2,748
• − Depreciation: −$6,979
• Taxable loss: −$3,312
• Est. tax savings @ 24.0%: +$795
• After-tax cash flow: $1,336/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: Columbiana Exempted Village
• NCES district ID: 3904532
• Math proficiency: 73% ▼ -5.00%
• Reading proficiency: 81% ▼ -2.00%
• Median HH income: $48,052
• Composite: 64.96/100
• National rank: #507
• State rank: #84 of 656 in OH

Livability — Columbiana

• Score: 71/100
• State rank: #427
• US rank: #6997

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbiana, OH
• County: Columbiana · 99,532 people
• City population: 10,924
• Population (ZIP): 10,924
• Household income: $71,205
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 10.0

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% Hispanic / Latino 3% Asian 2% Two or more races 1%
• Common ancestry: Romanian 4% Italian 3% Iranian 2%
• Foreign-born: 2% · Canada, Jamaica
• Languages at home: 97% English-only · Vietnamese 2% Spanish 1%

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: ▼ -100.83%
• Current HPI: 227.4173
• 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

+141.1% since first listed

11 events — show timeline

• 2026-06-08 Listed $239,900 FSBO.com
• 2021-05-19 Sold (MLS) $139,900 MLSNOW
• 2021-04-22 Pending — MLSNOW
• 2021-03-25 Contingent — MLSNOW
• 2021-03-20 Listed $139,900 MLSNOW
• 2012-01-02 Listing Removed — MLSNOW
• 2011-07-11 Listed $115,900 MLSNOW
• 2006-09-29 Sold (MLS) $115,000 MLSNOW
• 2006-06-08 Listed $119,900 MLSNOW
• 2000-02-28 Listing Removed — MLSNOW
• 1999-08-31 Listed $99,500 MLSNOW