338 E Martin St · East Palestine, OH 44413

$129,900

3 bd · 1.5 ba · 1,344 sqft · SingleFamily public records · 28 Days on market

Built 1917 7,622 sqft lot Est $122k · 6% over

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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 +24.2/30.0
• DSCR +7.8/10.0
• 1% rule +5.5/10.0
• ARV discount +4.7/15.0
• Schools +4.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

East Palestine, OH - Nestled on a charming tree-lined street within the village of East Palestine is where you will find this 3-bedroom, 1.5-bath home. Once you step inside you will realize this home has good bones and offers a desirable floor plan. The first floor features a spacious living room, dining room, open kitchen and 1/2 bath. The second floor is where you will find 3 bedrooms, a full bath and access to the partially finished third floor which offers approximately an additional 672 square feet for storage or would be ideal for future expansion. This fixer upper showcases gorgeous woodwork, including oversized baseboards, trim moldings and pocket doors. Whether you're an investor o

Key facts

• Gorgeous woodwork
• Oversized baseboards
• Trim moldings

Tags

• SPACIOUS LIVING ROOM
• OPEN KITCHEN
• PARTIALLY FINISHED THIRD FLOOR
• GORGEOUS WOODWORK
• OVERSIZED BASEBOARDS
• TRIM MOLDINGS

Property features AI

Finance

• Financial info: Annual tax amount reported

Exterior

• Parking: Off-street parking; Parking pad
• Utilities: Public water; Public sewer
• Home design: Single-family property; Asphalt and fiberglass roof; Block foundation
• Construction: Vinyl siding construction; Asphalt/Fiberglass roof; Block foundation; Year built per public records
• Exterior features: Vinyl siding; Lot recorded at 0.175 acres

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Central air; Ceiling fan(s); Forced air heating; Gas heating
• Interior features: Has basement with sump pump; 6 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#325 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, employment D, amenities F.
• East Palestine City (town): math 50% / reading 57% proficiency, ranked #405 of 656 in OH (top 62%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: East Palestine Elementary School (math 67% / reading 47%, grade C+, #729 of 1,584 statewide, top 48%, 441 students, 47% FRL); East Palestine Middle School (math 46% / reading 61%, grade C+, #362 of 654 statewide, top 57%, 273 students, 44% FRL); East Palestine High School (math 32% / reading 62%, grade D-, #435 of 781 statewide, top 59%, 274 students, 46% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: 21 active listings in the ZIP; 49 units permitted in Columbiana County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($51k/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 $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Columbiana County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 23y 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 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,951 (1.5% below list)

Questions for the listing agent

1. Built in 1917 — 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. Schools are B-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?
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: 1.05% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.51%
• DSCR: 1.38
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $122,304
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
185 E North Ave	0.15mi	3/1.5	1,428 (+6%)	3mo	$40,000	$28	80
274 Alice St	0.24mi	3/1.0	1,344 (0%)	10mo	$120,000	$89	78
295 E Martin St	0.05mi	3/2.0	1,512 (+12%)	6mo	$160,000	$106	70
382 E Martin St	0.04mi	3/1.0	1,164 (-13%)	7mo	$35,000	$30	68
389 E Martin St	0.05mi	3/2.0	1,176 (-12%)	10mo	$63,000	$54	67
850 E Taggart St	0.47mi	3/1.0	1,280 (-5%)	4mo	$132,500	$104	65
1047 Howell Ave	0.70mi	3/1.0	1,323 (-2%)	2mo	$158,000	$119	62
440 Lyons Ave	0.42mi	3/3.0	1,428 (+6%)	11mo	$285,000	$200	55
288 North Ave W	0.59mi	4/1.0 (+1)	1,380 (+3%)	7mo	$142,000	$103	55
442 East St	0.47mi	3/1.0	1,232 (-8%)	10mo	$112,000	$91	54
167 S Market St	0.58mi	2/1.0 (-1)	1,496 (+11%)	2mo	$39,000	$26	46
55 West St	0.60mi	2/1.0 (-1)	1,184 (-12%)	1mo	$80,000	$68	44

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: -3.4%
• Equity multiple: 0.87×
• Total profit: $-4,640
• Equity at exit: $19,369

10-year hold

• IRR: 6.3%
• Equity multiple: 1.47×
• Total profit: $17,017
• Equity at exit: $11,231

Cash invested: $36,372 (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 44413

• Home prices YoY: -20.4%
• Active inventory: 21
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,367 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$87 /mo · $1,043/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $258

Break-even live

Break-even rent $1,041

Max offer price $129,900

Occupancy floor 76%

Sensitivity live

Price	-10% $332	-5% $295	+0% $258	+5% $221	+10% $185
Rent	-10% $150	-5% $204	+0% $258	+5% $312	+10% $366
Rate	-1.0pp $323	-0.5pp $291	base $258	+0.5pp $224	+1.0pp $190

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $129,900 Active 28 DOM
2. 2026-06-21
   days on market $129,900 Active 27 DOM
3. 2026-06-18
   days on market $129,900 Active 25 DOM
4. 2026-06-17
   days on market $129,900 Active 24 DOM
5. 2026-06-16
   days on market $129,900 Active 23 DOM
6. 2026-06-15
   days on market $129,900 Active 22 DOM
7. 2026-06-13
   days on market $129,900 Active 20 DOM
8. 2026-06-12
   days on market $129,900 Active 19 DOM
9. 2026-06-09
   days on market $129,900 Active 16 DOM
10. 2026-06-08
    days on market $129,900 Active 15 DOM
11. 2026-06-08
    days on market $129,900 Active 14 DOM
12. 2026-06-05
    days on market $129,900 Active 12 DOM
13. 2026-06-04
    days on market $129,900 Active 10 DOM
14. 2026-06-02
    days on market $129,900 Active 9 DOM
15. 2026-06-01
    days on market $129,900 Active 8 DOM
16. 2026-05-31
    days on market $129,900 Active 7 DOM
17. 2026-05-24
    listed $129,900 Active
18. 2004-08-30
    historical
19. 2004-03-29
    listed $83,900
20. 2003-12-31
    historical
21. 2003-07-20
    listed $83,900

ⓘ 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: $1,043 · $87/mo
• Projected year-2 tax: $1,535 · $128/mo
• Expected delta: +$492/yr (+$41/mo · 47.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,409
• − Mortgage interest: −$7,276
• − Property taxes: −$1,043
• − Insurance: −$650
• − Repairs & maintenance: −$1,313
• − Management: −$1,313
• − Depreciation: −$3,779
• Taxable income: $1,036
• Est. tax owed @ 24.0%: −$249
• After-tax cash flow: $2,848/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: East Palestine City
• NCES district ID: 3904392
• Math proficiency: 50% ▼ -15.00%
• Reading proficiency: 57% ▼ -14.00%
• Median HH income: $41,573
• Composite: 44.86/100
• National rank: #2726
• State rank: #405 of 656 in OH

Livability — East Palestine

• Score: 73/100
• State rank: #325
• US rank: #5335

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Palestine, OH
• County: Columbiana · 99,532 people
• City population: 7,329
• Population (ZIP): 7,329
• Household income: $51,071
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 11.1

Population outlook (Columbiana County) Hauer SSP2

• Today (2025): 98,353 people
• By 2030: 94,225 · -4.2%
• By 2040: 85,169 · -13.4%
• By 2050: 76,157 · -22.6%
• By 2075: 58,451 · -40.6%
• By 2100: 42,805 · -56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Serbian 3% Iranian 2% Romanian 2%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Columbiana

• 2024 margin: Solid R (+49.0) · D 25.1% · R 74.1%
• 2008→2024 swing: -41.4pp toward R · 2008: -7.6pp · 2024: -49.0pp
• All cycles: 2024: R+49.0 2020: R+44.9 2016: R+41.6 2012: R+12.0 2008: R+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.19%
• Current HPI: 188.3714
• 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

+54.8% since first listed

5 events — show timeline

• 2026-05-24 Listed $129,900 MLSNOW
• 2004-08-30 Listing Removed — MLSNOW
• 2004-03-29 Listed $83,900 MLSNOW
• 2003-12-31 Listing Removed — MLSNOW
• 2003-07-20 Listed $83,900 MLSNOW

Property tax history

+1.5%/yr

Latest (2025): $1,043 · +6.0% YoY. Source: county tax records.