1205 Shannon Rd · Girard, OH 44420

$79,000

3 bd · 1.0 ba · 654 sqft · SingleFamily public records · 49 Days on market

Built 1940 0.56 ac lot $121/sqft · 13% below area Est $91k · 13% 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 +30.0/30.0
• ARV discount +13.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move right into this completely updated home! This awesome 2 bedroom cape cod has been renovated from top to bottom. NEW: Roof, Windows, Siding, Furnace, Hot Water Tank, Electrical, Sump Pump, Refinished Hardwoods, Kitchen, Bathroom, and newer appliances. Make an appointment now to see this home before its gone!

Key facts

• Finished attic
• Massive backyard
• 0.56-acre lot

Tags

• FINISHED ATTIC
• MASSIVE BACKYARD
• 0.56-ACRE LOT
• CONVENIENT LOCATION

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Vinyl and wood siding; Shingle roof; Below-grade finished area (basement) approximately 636; Above-grade finished area approximately 654; Year built per public records
• Exterior features: Front porch; Lot about 0.56 acre

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 1 main-level bedroom
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Baseboard heating
• Interior features: Eat-in kitchen; Unfinished basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $445 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $77k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 7.0% in Girard — 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 (#605 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A-; Watch: employment D+, amenities F, commute F.
• Liberty Local (suburban): math 30% / reading 41% proficiency, ranked #555 of 656 in OH (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 58 active listings in the ZIP; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 of loan paydown is wiped out by about $2k 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 (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $68k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $76,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.60% ✓
• Cap rate: 13.05%
• Cash-on-cash: 24.14%
• DSCR: 2.07
• GRM: 5.2

CMA / ARV

• ARV (median comp): $90,849
• List price: $79,000
• Delta: -13.04%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 17.4%
• Equity multiple: 1.70×
• Total profit: $15,566
• Equity at exit: $11,779

10-year hold

• IRR: 25.9%
• Equity multiple: 3.27×
• Total profit: $50,151
• Equity at exit: $6,830

Cash invested: $22,120 (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 44420

• Home prices YoY: -16.8%
• Active inventory: 58
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,265 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$107 /mo · $1,289/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $445

Break-even live

Break-even rent $702

Max offer price $79,000

Occupancy floor 60%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-19
   days on market $79,000 Active 49 DOM
2. 2026-06-18
   days on market $79,000 Active 48 DOM
3. 2026-06-18
   price $79,000 Active 47 DOM
4. 2026-06-17
   days on market $89,000 Active 47 DOM
5. 2026-06-16
   days on market $89,000 Active 46 DOM
6. 2026-06-15
   days on market $89,000 Active 45 DOM
7. 2026-06-14
   days on market $89,000 Active 43 DOM
8. 2026-06-13
   days on market $89,000 Active 42 DOM
9. 2026-06-10
   days on market $89,000 Active 40 DOM
10. 2026-06-09
    days on market $89,000 Active 39 DOM
11. 2026-06-08
    days on market $89,000 Active 38 DOM
12. 2026-06-07
    days on market $89,000 Active 37 DOM
13. 2026-06-03
    days on market $89,000 Active 33 DOM
14. 2026-06-02
    days on market $89,000 Active 32 DOM
15. 2026-06-01
    days on market $89,000 Active 31 DOM
16. 2026-05-31
    days on market $89,000 Active 30 DOM
17. 2026-05-30
    days on market $89,000 Active 29 DOM
18. 2026-04-30
    listed $89,000 Active 642-char remark
19. 2023-01-27
    status Pending 313-char remark

    Show marketing remark (313 chars)

    Move right into this completely updated home! This awesome 2 bedroom cape cod has been renovated from top to bottom. NEW: Roof, Windows, Siding, Furnace, Hot Water Tank, Electrical, Sump Pump, Refinished Hardwoods, Kitchen, Bathroom, and newer appliances. Make an appointment now to see this home before its gone!

20. 2023-01-26
    soldstatus $68,500 Closed 313-char remark

    Show marketing remark (313 chars)

    Move right into this completely updated home! This awesome 2 bedroom cape cod has been renovated from top to bottom. NEW: Roof, Windows, Siding, Furnace, Hot Water Tank, Electrical, Sump Pump, Refinished Hardwoods, Kitchen, Bathroom, and newer appliances. Make an appointment now to see this home before its gone!

21. 2023-01-26
    soldstatus $68,500

    Show marketing remark (313 chars)

    Move right into this completely updated home! This awesome 2 bedroom cape cod has been renovated from top to bottom. NEW: Roof, Windows, Siding, Furnace, Hot Water Tank, Electrical, Sump Pump, Refinished Hardwoods, Kitchen, Bathroom, and newer appliances. Make an appointment now to see this home before its gone!

22. 2023-01-04
    historical Contingent 313-char remark

    Show marketing remark (313 chars)

    Move right into this completely updated home! This awesome 2 bedroom cape cod has been renovated from top to bottom. NEW: Roof, Windows, Siding, Furnace, Hot Water Tank, Electrical, Sump Pump, Refinished Hardwoods, Kitchen, Bathroom, and newer appliances. Make an appointment now to see this home before its gone!

23. 2022-12-26
    price $70,000 313-char remark

    Show marketing remark (313 chars)

    Move right into this completely updated home! This awesome 2 bedroom cape cod has been renovated from top to bottom. NEW: Roof, Windows, Siding, Furnace, Hot Water Tank, Electrical, Sump Pump, Refinished Hardwoods, Kitchen, Bathroom, and newer appliances. Make an appointment now to see this home before its gone!

24. 2022-12-07
    listed $79,900 Active 313-char remark

    Show marketing remark (313 chars)

    Move right into this completely updated home! This awesome 2 bedroom cape cod has been renovated from top to bottom. NEW: Roof, Windows, Siding, Furnace, Hot Water Tank, Electrical, Sump Pump, Refinished Hardwoods, Kitchen, Bathroom, and newer appliances. Make an appointment now to see this home before its gone!

25. 1999-12-10
    soldstatus $45,000
26. 1989-06-13
    soldstatus $31,000
27. 1988-03-15
    soldstatus $15,000

ⓘ 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: $1,289 · $107/mo
• Projected year-2 tax: $1,289 · $107/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 ≥98°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: $15,184
• − Mortgage interest: −$4,425
• − Property taxes: −$1,289
• − Insurance: −$395
• − Repairs & maintenance: −$1,215
• − Management: −$1,215
• − Depreciation: −$2,298
• Taxable income: $4,347
• Est. tax owed @ 24.0%: −$1,043
• After-tax cash flow: $4,297/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: Liberty Local
• NCES district ID: 3905019
• Math proficiency: 30% ▼ -23.00%
• Reading proficiency: 41% ▼ -16.00%
• Median HH income: $48,604
• Composite: 30.59/100
• National rank: #6202
• State rank: #555 of 656 in OH

Livability — Girard

• Score: 67/100
• State rank: #605
• US rank: #10378

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Trumbull County · 61,158 people
• City population: 15,293
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 15,293
• Household income: $61,707
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 351.0

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: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 6% Hispanic / Latino 3% Black 3%
• Common ancestry: Romanian 2% Subsaharan African 2% Slovak 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% 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: ▼ -44.72%
• Current HPI: 221.5618
• Rent YoY: —
• Metro: Youngstown-Warren-Boardman, OH-PA
• 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

+426.7% since first listed

11 events — show timeline

• 2026-06-17 Price Changed $79,000 MLSNOW
• 2026-04-30 Listed $89,000 MLSNOW
• 2023-01-27 Pending — MLSNOW
• 2023-01-26 Sold (Public Records) $68,500 Public Records
• 2023-01-26 Sold (MLS) $68,500 MLSNOW
• 2023-01-04 Contingent — MLSNOW
• 2022-12-26 Price Changed $70,000 MLSNOW
• 2022-12-07 Listed $79,900 MLSNOW
• 1999-12-10 Sold (Public Records) $45,000 Public Records
• 1989-06-13 Sold (Public Records) $31,000 Public Records
• 1988-03-15 Sold (Public Records) $15,000 Public Records

Property tax history

+10.5%/yr

Latest (2025): $1,289 · -3.9% YoY. Source: county tax records.