158 Callahan Rd · Canfield, OH 44406

$289,900

3 bd · 2.5 ba · 1,360 sqft · SingleFamily public records · 3 Days on market

Built 1948 0.33 ac lot Est $238k · 22% over

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Why this score? — see what drove the F 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).

• Schools +7.1/10.0
• Cash flow +4.5/30.0
• Livability +4.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.1/10.0
• DSCR +0.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

One of the finest 3 BR/2.5 BA Cape Cod homes one will ever enter, totally remodeled including a new roof, new siding, new trim, shutters and gutters, new double driveway, and privacy wood outside, inside features a first-floor master bedroom with a walk-in closet, open dinette with French doors leading to an enclosed Sun Room, spacious living room, formal dining room with new Waynes coating, master bedroom has full bath (all new high-end flooring throughout the first floor, upstairs features two more bedrooms with a full bath, lower level has a partially finished bonus room with a shower, mudroom on the side entrance, professionally painted throughout, all appliances, owner owned security system, glass block windows in basement which was professionally waterproofed by previous owners, shed, brand new wood swing set, fire pit, many upgrades located in the heart of Canfield, this gem will go quickly.

Key facts

• 3 seasons sunroom
• Formal dining room
• Remodeled kitchen

Tags

• REMODELED KITCHEN
• COZY DINETTE AREA
• 3 SEASONS SUNROOM
• BUILT-IN SHELVING
• FORMAL DINING ROOM
• FIRST-FLOOR EN-SUITE

Property features AI

Exterior

• Parking: Attached garage with garage door opener and electricity; Paved and unpaved parking areas; One garage space
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Two-story home
• Construction: Vinyl siding; Asphalt/fiberglass roof
• Exterior features: Fire pit; Playground; Enclosed patio/porch; Patio; Porch; Shed(s); Fenced backyard

Interior

• Kitchen: Eat-in kitchen; Dishwasher; Garbage disposal; Microwave; Range; Refrigerator
• Bedrooms: One main-level bedroom; Bedroom on second level with built-in bookcases
• Flooring: Carpet in some rooms
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Forced air gas heating; Central air conditioning
• Interior features: Bookcases and built-in features; Ceiling fan(s); Eat-in kitchen; Partially finished full basement
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $-752 ($-9k/yr) — negative.
• To cash-flow at today's rent, offer at most $157k (45.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $147k (49.3% below list).
• Recommended offer: $147k (49.3% below list) — sets the bar for 1% rule.
• Cap rate 3.2% vs local median 2.4% in Canfield — 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 88/100 on livability (#25 in OH, #228 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• Canfield Local (suburban): math 84% / reading 80% proficiency, ranked #38 of 656 in OH (top 6%) — strong family-tenant draw, lease renewals of 3-5y typical; only 11% free/reduced lunch — higher-income household profile.
• Market conditions: 123 active listings in the ZIP; solid renter incomes; 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($100k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 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.
• Current owner paid $215k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $146,852 (49.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1948 — 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. 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 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: 0.51% ✗
• Cap rate: 3.18%
• Cash-on-cash: -11.11%
• DSCR: 0.51
• GRM: 16.5

CMA / ARV

• ARV (on-the-fly): $238,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
324 Neff Dr	0.24mi	3/2.5	1,364 (+0%)	1mo	$325,000	$238	87
78 Neff Dr	0.12mi	3/2.5	1,272 (-6%)	7mo	$270,000	$212	78
65 Winona Ave	0.20mi	3/2.5	1,275 (-6%)	6mo	$287,000	$225	76
38 Skyline Dr	0.20mi	3/2.0	1,434 (+5%)	7mo	$245,000	$171	74
40 Court St	0.55mi	3/1.5	1,386 (+2%)	16mo	$215,000	$155	54
35 Scott St	0.40mi	3/1.0	1,310 (-4%)	21mo	$185,000	$141	51
475 S Hillside	0.59mi	3/2.0	1,452 (+7%)	13mo	$222,500	$153	49
267 W Main St	0.68mi	4/2.0 (+1)	1,350 (-1%)	14mo	$380,000	$281	49
12 Hilltop Blvd	0.34mi	2/1.5 (-1)	1,160 (-15%)	4mo	$141,100	$122	47
435 S Hillside Dr	0.52mi	3/2.0	1,555 (+14%)	6mo	$185,000	$119	45
143 Hood Dr	0.56mi	3/2.0	1,484 (+9%)	18mo	$285,000	$192	42
154 Hood Dr	0.60mi	3/2.5	1,484 (+9%)	22mo	$260,000	$175	39

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: -36.6%
• Equity multiple: -0.17×
• Total profit: $-94,875
• Equity at exit: $43,225

10-year hold

• IRR: -51.6%
• Equity multiple: -0.78×
• Total profit: $-144,387
• Equity at exit: $25,065

Cash invested: $81,172 (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 44406

• Home prices YoY: -27.4%
• Active inventory: 123
• Price-to-rent: 16.5×

Monthly cashflow live

• Estimated rent: $1,469 medium
• Mortgage (P&I): −$1,520
• Tax from tax record: −$271 /mo · $3,247/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $-752

Break-even live

Break-even rent $2,420

Max offer price $157,142

Occupancy floor —

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: $72,475
• Closing costs: $8,697
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-05-15
   status Pending
2. 2026-05-12
   listed $289,900 Active
3. 2021-05-04
   soldstatus $215,000
4. 2021-05-03
   soldstatus $215,000 Closed 912-char remark

   Show marketing remark (912 chars)

   One of the finest 3 BR/2.5 BA Cape Cod homes one will ever enter, totally remodeled including a new roof, new siding, new trim, shutters and gutters, new double driveway, and privacy wood outside, inside features a first-floor master bedroom with a walk-in closet, open dinette with French doors leading to an enclosed Sun Room, spacious living room, formal dining room with new Waynes coating, master bedroom has full bath (all new high-end flooring throughout the first floor, upstairs features two more bedrooms with a full bath, lower level has a partially finished bonus room with a shower, mudroom on the side entrance, professionally painted throughout, all appliances, owner owned security system, glass block windows in basement which was professionally waterproofed by previous owners, shed, brand new wood swing set, fire pit, many upgrades located in the heart of Canfield, this gem will go quickly.

5. 2021-04-04
   status Pending 912-char remark

   Show marketing remark (912 chars)

   One of the finest 3 BR/2.5 BA Cape Cod homes one will ever enter, totally remodeled including a new roof, new siding, new trim, shutters and gutters, new double driveway, and privacy wood outside, inside features a first-floor master bedroom with a walk-in closet, open dinette with French doors leading to an enclosed Sun Room, spacious living room, formal dining room with new Waynes coating, master bedroom has full bath (all new high-end flooring throughout the first floor, upstairs features two more bedrooms with a full bath, lower level has a partially finished bonus room with a shower, mudroom on the side entrance, professionally painted throughout, all appliances, owner owned security system, glass block windows in basement which was professionally waterproofed by previous owners, shed, brand new wood swing set, fire pit, many upgrades located in the heart of Canfield, this gem will go quickly.

6. 2021-03-31
   listed $192,500 Active 912-char remark

   Show marketing remark (912 chars)

   One of the finest 3 BR/2.5 BA Cape Cod homes one will ever enter, totally remodeled including a new roof, new siding, new trim, shutters and gutters, new double driveway, and privacy wood outside, inside features a first-floor master bedroom with a walk-in closet, open dinette with French doors leading to an enclosed Sun Room, spacious living room, formal dining room with new Waynes coating, master bedroom has full bath (all new high-end flooring throughout the first floor, upstairs features two more bedrooms with a full bath, lower level has a partially finished bonus room with a shower, mudroom on the side entrance, professionally painted throughout, all appliances, owner owned security system, glass block windows in basement which was professionally waterproofed by previous owners, shed, brand new wood swing set, fire pit, many upgrades located in the heart of Canfield, this gem will go quickly.

7. 2016-06-29
   soldstatus $126,500 Sold 587-char remark

   Show marketing remark (587 chars)

   The perfect three bedroom, two bath Canfield Cape Cod is ready to sell featuring a remodeled kitchen in 2008 with all appliances as well as a dinette with French doors leading to a Sun Porch, spacious living room with built in shelves, a formal dining room, remodeled first floor master bedroom with crown molding and a walk-in closet, 2 upstairs bedrooms feature built in shelves and drawers and an upstairs bathroom, attached garage leading to breezeway, patio, shed, large private back yard, updates include windows(except pitcher window), furnace, central air, electric and shingles.

8. 2016-06-27
   soldstatus $126,500
9. 2016-05-07
   historical Contingent 587-char remark

   Show marketing remark (587 chars)

   The perfect three bedroom, two bath Canfield Cape Cod is ready to sell featuring a remodeled kitchen in 2008 with all appliances as well as a dinette with French doors leading to a Sun Porch, spacious living room with built in shelves, a formal dining room, remodeled first floor master bedroom with crown molding and a walk-in closet, 2 upstairs bedrooms feature built in shelves and drawers and an upstairs bathroom, attached garage leading to breezeway, patio, shed, large private back yard, updates include windows(except pitcher window), furnace, central air, electric and shingles.

10. 2016-04-21
    listed $137,000 Active 587-char remark

    Show marketing remark (587 chars)

    The perfect three bedroom, two bath Canfield Cape Cod is ready to sell featuring a remodeled kitchen in 2008 with all appliances as well as a dinette with French doors leading to a Sun Porch, spacious living room with built in shelves, a formal dining room, remodeled first floor master bedroom with crown molding and a walk-in closet, 2 upstairs bedrooms feature built in shelves and drawers and an upstairs bathroom, attached garage leading to breezeway, patio, shed, large private back yard, updates include windows(except pitcher window), furnace, central air, electric and shingles.

11. 2013-06-19
    soldstatus $126,000
12. 2013-06-18
    soldstatus $126,000
13. 2013-04-01
    listed $137,500
14. 2005-11-04
    soldstatus $126,000
15. 2005-11-04
    soldstatus $126,000
16. 2005-06-02
    listed $129,900
17. 2003-08-11
    soldstatus $113,000
18. 2003-08-07
    soldstatus $113,000
19. 2003-06-30
    listed $116,900
20. 1998-11-25
    soldstatus $69,000

ⓘ 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: $3,247 · $271/mo
• Projected year-2 tax: $3,885 · $324/mo
• Expected delta: +$638/yr (+$53/mo · 19.6%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,622
• − Mortgage interest: −$16,239
• − Property taxes: −$3,247
• − Insurance: −$1,450
• − Repairs & maintenance: −$1,410
• − Management: −$1,410
• − Depreciation: −$8,433
• Taxable loss: −$14,566
• Est. tax savings @ 24.0%: +$3,496
• After-tax cash flow: $-5,522/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: Canfield Local
• NCES district ID: 3904831
• Math proficiency: 84% ▼ -6.00%
• Reading proficiency: 80% ▼ -5.00%
• Median HH income: $70,281
• Composite: 71.28/100
• National rank: #233
• State rank: #38 of 656 in OH

Livability — Canfield

• Score: 88/100
• State rank: #25
• US rank: #228

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canfield, OH
• County: Mahoning · 224,175 people
• Metro: Youngstown-Warren, OH
• Population (ZIP): 22,297
• Household income: $99,542
• Rent vs Own: 11.1% rent · 88.9% own
• Severe rent burden: 8.2

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 (90%)
• Race & ethnicity: White 90% Two or more races 5% Asian 3% Hispanic / Latino 2% Black 1%
• Common ancestry: Romanian 6% Slovak 1% Scandinavian 1%
• Foreign-born: 4% · Canada
• Languages at home: 97% English-only · Other Indo-European 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: ▼ -75.88%
• Current HPI: 200.9335
• 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

+320.1% since first listed

20 events — show timeline

• 2026-05-15 Pending — MLSNOW
• 2026-05-12 Listed $289,900 MLSNOW
• 2021-05-04 Sold (Public Records) $215,000 Public Records
• 2021-05-03 Sold (MLS) $215,000 MLSNOW
• 2021-04-04 Pending — MLSNOW
• 2021-03-31 Listed $192,500 MLSNOW
• 2016-06-29 Sold (MLS) $126,500 MLSNOW
• 2016-06-27 Sold (Public Records) $126,500 Public Records
• 2016-05-07 Contingent — MLSNOW
• 2016-04-21 Listed $137,000 MLSNOW
• 2013-06-19 Sold (Public Records) $126,000 Public Records
• 2013-06-18 Sold (MLS) $126,000 MLSNOW
• 2013-04-01 Listed $137,500 MLSNOW
• 2005-11-04 Sold (Public Records) $126,000 Public Records
• 2005-11-04 Sold (MLS) $126,000 MLSNOW
• 2005-06-02 Listed $129,900 MLSNOW
• 2003-08-11 Sold (Public Records) $113,000 Public Records
• 2003-08-07 Sold (MLS) $113,000 MLSNOW
• 2003-06-30 Listed $116,900 MLSNOW
• 1998-11-25 Sold (Public Records) $69,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $3,247 · -0.0% YoY. Source: county tax records.