690 Lener Ave SW · Warren, OH 44485

$74,900

3 bd · 1.0 ba · 884 sqft · SingleFamily public records · 81 Days on market

Built 1959 6,098 sqft lot $85/sqft · 86% above area

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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 +26.3/30.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Appreciation +4.4/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

This 3 bedroom, 1 full bath home offers solid potential with vinyl flooring throughout for easy maintenance and a functional layout ready for your personal touch. The property includes a detached 2-car garage, providing ample space for parking, storage or a workshop. This home does need some work, making it an excellent investment opportunity or and affordable option for a first - time buyer looking to build equity. With a little vision and updates, this property could truly shine. Don't miss your chance to turn this house into a great home or income-producing property! Property is being sold as-is. Any inspections are for buyers own information. There will be an older lady and possibly grandson at property during showings. Do not ask them any questions!

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Built 1959

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($803 rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.4% 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: 42 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.1%/yr); year-one equity from $518 of loan paydown is wiped out by about $853 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 (-1.1% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 27y ago; this cycle's ask has dropped $20k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,406 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 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 1959 — 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 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?
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: 1.07% ✓
• Cap rate: 9.40%
• Cash-on-cash: 11.08%
• DSCR: 1.49
• GRM: 7.8

CMA / ARV

• ARV (median comp): $40,249
• List price: $74,900
• Delta: 86.09%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1792 Front St SW	0.61mi	3/1.0	875 (-1%)	11mo	$80,000	$91	61
1736 Jefferson	0.54mi	3/1.0	956 (+8%)	5mo	$25,000	$26	57
2329 Willow Dr SW	0.35mi	3/1.0	1,008 (+14%)	20mo	$26,100	$26	44
1757 4th St SW	0.68mi	2/1.0 (-1)	768 (-13%)	8mo	$55,000	$72	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.14% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.7%
• Equity multiple: 1.30×
• Total profit: $6,194
• Equity at exit: $17,581

10-year hold

• IRR: 13.1%
• Equity multiple: 2.28×
• Total profit: $26,759
• Equity at exit: $18,039

Cash invested: $20,972 (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 44485

• Home prices YoY: -0.5%
• Active inventory: 42
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $803 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$17 /mo · $201/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$169
• Net cashflow: $194

Break-even live

Break-even rent $558

Max offer price $74,900

Occupancy floor 71%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
421 Southern Blvd NW Unit 207 Warren, OH	2.0	1.0	640	$800	$1.25	13d	1	0.72mi
437 Nevada Ave NW Warren, OH	2.0	1.0	1016	$750	$0.74	13d	1	0.73mi
425 Southern Blvd NW Unit 425 Warren, OH	2.0	1.0	640	$750	$1.17	13d	1	0.75mi
600 Commerce Ave NW Warren, OH	2.0	1.0	900	$900	$1.00	13d	3	0.81mi

Listing history 26 events

1. 2026-06-19
   days on market $74,900 Active 81 DOM
2. 2026-06-18
   days on market $74,900 Active 80 DOM
3. 2026-06-17
   days on market $74,900 Active 79 DOM
4. 2026-06-16
   days on market $74,900 Active 78 DOM
5. 2026-06-15
   days on market $74,900 Active 77 DOM
6. 2026-06-14
   days on market $74,900 Active 75 DOM
7. 2026-06-13
   days on market $74,900 Active 74 DOM
8. 2026-06-10
   days on market $74,900 Active 72 DOM
9. 2026-06-09
   days on market $74,900 Active 71 DOM
10. 2026-06-08
    days on market $74,900 Active 70 DOM
11. 2026-06-07
    pricedays on market $74,900 Active 69 DOM
12. 2026-06-05
    days on market $94,900 Active 66 DOM
13. 2026-06-02
    days on market $94,900 Active 64 DOM
14. 2026-06-01
    days on market $94,900 Active 63 DOM
15. 2026-05-31
    days on market $94,900 Active 62 DOM
16. 2026-05-30
    days on market $94,900 Active 61 DOM
17. 2026-03-30
    listed $94,900 Active 765-char remark

    Show marketing remark (765 chars)

    This 3 bedroom, 1 full bath home offers solid potential with vinyl flooring throughout for easy maintenance and a functional layout ready for your personal touch. The property includes a detached 2-car garage, providing ample space for parking, storage or a workshop. This home does need some work, making it an excellent investment opportunity or and affordable option for a first - time buyer looking to build equity. With a little vision and updates, this property could truly shine. Don't miss your chance to turn this house into a great home or income-producing property! Property is being sold as-is. Any inspections are for buyers own information. There will be an older lady and possibly grandson at property during showings. Do not ask them any questions!

18. 2022-07-24
    status Pending
19. 2022-07-23
    historical
20. 2022-06-23
    price $39,900
21. 2022-06-21
    status Active
22. 2022-06-11
    status Pending
23. 2022-06-05
    price $42,700
24. 2022-05-20
    listed $45,000 Active
25. 2000-01-15
    historical
26. 1999-10-15
    listed $25,900

ⓘ 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: $201 · $17/mo
• Projected year-2 tax: $685 · $57/mo
• Expected delta: +$484/yr (+$40/mo · 241.0%)

ⓘ 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: $9,637
• − Mortgage interest: −$4,196
• − Property taxes: −$201
• − Insurance: −$374
• − Repairs & maintenance: −$771
• − Management: −$771
• − Depreciation: −$2,179
• Taxable income: $1,146
• Est. tax owed @ 24.0%: −$275
• After-tax cash flow: $2,050/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 · 193,293 people
• City population: 25,805
• Metro: Youngstown-Warren, OH
• Population (ZIP): 15,194
• Household income: $33,720
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 14.2

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 54% Black 38% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 1% Slovak 1% Iranian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Other Indo-European 1%

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: ▼ -1.14%
• Current HPI: 212.5324
• 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

+266.4% since first listed

10 events — show timeline

• 2026-03-30 Listed $94,900 MLSNOW
• 2022-07-24 Pending — MLSNOW
• 2022-07-23 Listing Removed — MLSNOW
• 2022-06-23 Price Changed $39,900 MLSNOW
• 2022-06-21 Relisted — MLSNOW
• 2022-06-11 Pending — MLSNOW
• 2022-06-05 Price Changed $42,700 MLSNOW
• 2022-05-20 Listed $45,000 MLSNOW
• 2000-01-15 Listing Removed — MLSNOW
• 1999-10-15 Listed $25,900 MLSNOW

Property tax history

-3.1%/yr

Latest (2025): $201 · +1.9% YoY. Source: county tax records.