262 E Walnut St · Wadsworth, OH 44281

$125,000

3 bd · 1.0 ba · 1,218 sqft · SingleFamily public records · 39 Days on market

Built 1910 0.81 ac lot $103/sqft · 26% below area Est $168k · 26% 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 +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Schools +6.5/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Story and 1/2 with vinyl siding one bath one car garage, and extra room could be bedroom or just storage. Large city lot . 81 acre. Furnace '93, Htwtr 10 yrs, windows '72, concrete driveway'05, Roof - newer, Fenced yard & Home Warranty!

Key facts

• Built-in bar area
• Oversized backyard
• 0.81 acre lot

Tags

• BUILT-IN BAR AREA
• OVERSIZED BACKYARD
• CLOSE TO DOWNTOWN WADSWORTH

Property features AI

Exterior

• Parking: Attached garage with 1 garage space; Paved driveway; Garage has electricity
• Utilities: Public water; Public sewer
• Home design: Two-story home; Faces south; Marked as fixer condition
• Construction: Vinyl siding; Asphalt/fiberglass roof; Full unfinished basement; Year built (from public records)
• Exterior features: Enclosed patio/porch; Patio; Porch; Chain link fence; Front yard; Back yard; Lot dimensions approximately 71 x 328

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: One main-level bedroom; Three second-level bedrooms
• Bathrooms: One full bathroom (main level); One additional bathroom in the lower level
• Heating & cooling: Forced-air gas heating; Ceiling fans for cooling
• Interior features: Ceiling fans; Bar
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $537 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 3.3% in Wadsworth — 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 82/100 on livability (#74 in OH, #1,136 nationally) — a professional / high-income tenant draw. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Wadsworth City (suburban): math 74% / reading 77% proficiency, ranked #83 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 136 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); solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 39 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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 $32k; list at $125k implies a 291% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 39 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 1910 — 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: 1.35% ✓
• Cap rate: 11.45%
• Cash-on-cash: 18.42%
• DSCR: 1.82
• GRM: 6.2

CMA / ARV

• ARV (median comp): $168,057
• List price: $125,000
• Delta: -25.62%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
253 E Bergey St	0.10mi	3/1.0	1,211 (-1%)	8mo	$175,000	$145	88
268 E Walnut St	0.01mi	4/1.0 (+1)	1,128 (-7%)	7mo	$120,000	$106	76
217 E Bergey St	0.17mi	2/1.0 (-1)	1,132 (-7%)	1mo	$160,000	$141	75
150 Ohio Ave	0.50mi	3/1.5	1,207 (-1%)	4mo	$184,900	$153	70
264 1st St	0.34mi	3/1.0	1,316 (+8%)	2mo	$194,000	$147	69
129 Fairview Ave	0.39mi	3/1.0	1,256 (+3%)	10mo	$220,000	$175	68
242 E Walnut St	0.04mi	2/2.0 (-1)	1,044 (-14%)	3mo	$170,000	$163	63
272 S Lyman St	0.35mi	3/1.0	1,336 (+10%)	7mo	$85,000	$64	62
119 Park St	0.36mi	4/2.0 (+1)	1,170 (-4%)	8mo	$226,000	$193	61
158 Humbolt Ave	0.72mi	3/1.5	1,256 (+3%)	10mo	$197,500	$157	51
261 Grandview Ave	0.70mi	3/1.0	1,116 (-8%)	8mo	$164,900	$148	47
131 Baird Ave	0.74mi	4/1.0 (+1)	1,123 (-8%)	6mo	$220,000	$196	43

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: 10.1%
• Equity multiple: 1.40×
• Total profit: $13,939
• Equity at exit: $18,638

10-year hold

• IRR: 19.2%
• Equity multiple: 2.60×
• Total profit: $56,119
• Equity at exit: $10,808

Cash invested: $35,000 (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 44281

• Active inventory: 136
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,684 high
• Mortgage (P&I): −$656
• Tax from tax record: −$86 /mo · $1,029/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $537

Break-even live

Break-even rent $1,004

Max offer price $125,000

Occupancy floor 63%

Sensitivity live

Price	-10% $608	-5% $573	+0% $537	+5% $502	+10% $466
Rent	-10% $404	-5% $471	+0% $537	+5% $604	+10% $670
Rate	-1.0pp $600	-0.5pp $569	base $537	+0.5pp $505	+1.0pp $472

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
285 Water St Unit down Wadsworth, OH	2.0	1.0	750	$1,300	$1.73	8d	1	0.13mi
172 1st St Wadsworth, OH	2.0	2.0	1150	$1,950	$1.70	21d	1	0.52mi
149 Meadowcreek Dr Wadsworth, OH	2.0	2.5	1100	$1,616	$1.47	2d	1	1.19mi
466 S Kaser Dr Unit 468 Wadsworth, OH	3.0	1.0	1500	$1,250	$0.83	44d	1	1.38mi
478 S Kaser Dr Unit 478 Wadsworth, OH	2.0	1.0	1000	$1,450	$1.45	11d	1	1.39mi

Listing history 19 events

1. 2026-06-15
   status $125,000 Pending 39 DOM
2. 2026-06-15
   days on market $125,000 Contingent 39 DOM
3. 2026-06-13
   days on market $125,000 Contingent 37 DOM
4. 2026-06-09
   days on market $125,000 Contingent 33 DOM
5. 2026-06-08
   days on market $125,000 Contingent 32 DOM
6. 2026-06-07
   days on market $125,000 Contingent 31 DOM
7. 2026-06-05
   days on market $125,000 Contingent 28 DOM
8. 2026-06-03
   days on market $125,000 Contingent 27 DOM
9. 2026-06-02
   days on market $125,000 Contingent 26 DOM
10. 2026-06-01
    days on market $125,000 Contingent 25 DOM
11. 2026-05-31
    days on market $125,000 Contingent 24 DOM
12. 2026-05-10
    historical Contingent 882-char remark
13. 2026-05-07
    listed $125,000 Active 882-char remark
14. 2014-05-15
    soldstatus $32,000 242-char remark

    Show marketing remark (242 chars)

    Story and 1/2 with vinyl siding one bath one car garage, and extra room could be bedroom or just storage. Large city lot . 81 acre. Furnace '93, Htwtr 10 yrs, windows '72, concrete driveway'05, Roof - newer, Fenced yard & Home Warranty!

15. 2014-05-15
    soldstatus $32,000

    Show marketing remark (242 chars)

    Story and 1/2 with vinyl siding one bath one car garage, and extra room could be bedroom or just storage. Large city lot . 81 acre. Furnace '93, Htwtr 10 yrs, windows '72, concrete driveway'05, Roof - newer, Fenced yard & Home Warranty!

16. 2014-03-05
    historical 242-char remark

    Show marketing remark (242 chars)

    Story and 1/2 with vinyl siding one bath one car garage, and extra room could be bedroom or just storage. Large city lot . 81 acre. Furnace '93, Htwtr 10 yrs, windows '72, concrete driveway'05, Roof - newer, Fenced yard & Home Warranty!

17. 2013-11-12
    listed $39,900 242-char remark

    Show marketing remark (242 chars)

    Story and 1/2 with vinyl siding one bath one car garage, and extra room could be bedroom or just storage. Large city lot . 81 acre. Furnace '93, Htwtr 10 yrs, windows '72, concrete driveway'05, Roof - newer, Fenced yard & Home Warranty!

18. 2013-10-01
    historical
19. 2013-04-01
    listed $41,900

ⓘ 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: $1,029 · $86/mo
• Projected year-2 tax: $1,490 · $124/mo
• Expected delta: +$460/yr (+$38/mo · 44.7%)

ⓘ 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 2/10 Low 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,210
• − Mortgage interest: −$7,002
• − Property taxes: −$1,029
• − Insurance: −$625
• − Repairs & maintenance: −$1,617
• − Management: −$1,617
• − Depreciation: −$3,636
• Taxable income: $4,684
• Est. tax owed @ 24.0%: −$1,124
• After-tax cash flow: $5,322/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: Wadsworth City
• NCES district ID: 3910029
• Math proficiency: 74% ▼ -8.00%
• Reading proficiency: 77% ▼ -6.00%
• Median HH income: $62,397
• Composite: 65.1/100
• National rank: #499
• State rank: #83 of 656 in OH

Livability — Wadsworth

• Score: 82/100
• State rank: #74
• US rank: #1136

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wadsworth, OH
• County: Medina County · 145,517 people
• City population: 34,704
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 34,704
• Household income: $89,131
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 597.0

Population outlook (Medina County) Hauer SSP2

• Today (2025): 185,249 people
• By 2030: 188,174 · +1.6%
• By 2040: 190,350 · +2.8%
• By 2050: 187,283 · +1.1%
• By 2075: 177,108 · -4.4%
• By 2100: 151,304 · -18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Asian 1%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1% Other Asian/Pacific 0%

Political lean MEDSL · Medina

• 2024 margin: Strong R (+24.8) · D 37.2% · R 62.0%
• 2008→2024 swing: -16.8pp toward R · 2008: -8.0pp · 2024: -24.8pp
• All cycles: 2024: R+24.8 2020: R+23.4 2016: R+24.9 2012: R+13.1 2008: R+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.82%
• Current HPI: 253.1502
• Rent YoY: —
• Metro: Cleveland-Elyria, OH
• 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

+198.3% since first listed

9 events — show timeline

• 2026-06-15 Pending — MLSNOW
• 2026-05-10 Contingent — MLSNOW
• 2026-05-07 Listed $125,000 MLSNOW
• 2014-05-15 Sold (Public Records) $32,000 Public Records
• 2014-05-15 Sold (MLS) $32,000 MLSNOW
• 2014-03-05 Listing Removed — MLSNOW
• 2013-11-12 Listed $39,900 MLSNOW
• 2013-10-01 Listing Removed — MLSNOW
• 2013-04-01 Listed $41,900 MLSNOW

Property tax history

+0.9%/yr

Latest (2025): $1,029 · -5.4% YoY. Source: county tax records.