4112 Ivanhoe Dr · Lorain, OH 44053

$200,000

3 bd · 1.5 ba · 2,273 sqft · SingleFamily public records · 76 Days on market

Built 1974 9,583 sqft lot Est $341k · 41% under

---

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 +21.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +5.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come check out this beautiful home nestled in a great location of Lorain. The property has a vast amount of space, storage and large bedrooms. One previous owner with tons of potential. You do not want to miss out.

Key facts

• Large back deck
• Split-level
• Vaulted ceilings

Tags

• SPLIT-LEVEL
• VAULTED CEILINGS
• LARGE BACK DECK
• FENCED-IN BACKYARD
• AMPLE STORAGE

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Entry level rooms on first floor; Property listed as fixer
• Construction: Built (year from public records); Construction: Block, lap siding, stucco, and wood siding; Asphalt roof
• Exterior features: Private, fenced backyard

Interior

• Kitchen: Dishwasher; Range
• Bedrooms: Bedrooms on lower and second levels
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Full finished basement with sump pump; Family room; Great room; Eat-in kitchen; Dining room; Has fireplace (1)
• Laundry & utility: Laundry room in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $316 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 5.7% in Lorain — 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 (#595 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, amenities D, health & safety D.
• Lorain City (suburban): math 13% / reading 26% proficiency, ranked #633 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 82 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 37% of the median local income ($67k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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 $170k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $188,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 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 1974 — 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 F 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: 1.05% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.77%
• DSCR: 1.30
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $340,950
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3961 Woodworth Dr	0.22mi	3/2.5	2,427 (+7%)	4mo	$340,000	$140	71
3926 Woodworth Dr	0.27mi	4/3.5 (+1)	2,292 (+1%)	5mo	$343,000	$150	69
3942 Abigail Dr	0.29mi	4/2.0 (+1)	2,140 (-6%)	10mo	$321,200	$150	62
4122 Woodstock Dr	0.07mi	4/2.0 (+1)	1,976 (-13%)	9mo	$260,000	$132	60
3502 Magnolia Dr	0.46mi	4/2.5 (+1)	2,400 (+6%)	1mo	$350,000	$146	59
3672 Astor Ln	0.41mi	4/2.5 (+1)	2,380 (+5%)	8mo	$362,400	$152	57
3713 Woodworth Dr	0.45mi	4/2.5 (+1)	2,152 (-5%)	8mo	$310,000	$144	55
4459 Bellow Dr	0.73mi	4/2.5 (+1)	2,220 (-2%)	1mo	$358,000	$161	52
3430 Church Dr	0.32mi	4/3.5 (+1)	2,440 (+7%)	10mo	$330,000	$135	52
2709 Forest Ln	0.18mi	4/3.5 (+1)	2,608 (+15%)	8mo	$345,000	$132	47
4741 Olivia Way	0.69mi	4/2.5 (+1)	1,980 (-13%)	0mo	$339,900	$172	37
5273 Cardinal Ct	0.66mi	3/2.0	1,935 (-15%)	10mo	$350,000	$181	34

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: -5.9%
• Equity multiple: 0.78×
• Total profit: $-12,267
• Equity at exit: $29,821

10-year hold

• IRR: 3.8%
• Equity multiple: 1.27×
• Total profit: $15,275
• Equity at exit: $17,292

Cash invested: $56,000 (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 44053

• Home prices YoY: -31.3%
• Active inventory: 82
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,101 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$211 /mo · $2,535/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $316

Break-even live

Break-even rent $1,701

Max offer price $200,000

Occupancy floor 80%

Sensitivity live

Price	-10% $429	-5% $373	+0% $316	+5% $260	+10% $203
Rent	-10% $150	-5% $233	+0% $316	+5% $399	+10% $482
Rate	-1.0pp $417	-0.5pp $367	base $316	+0.5pp $264	+1.0pp $212

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4619 Erhart Dr Lorain, OH	4.0	2.5	1680	$2,895	$1.72	12d	1	0.69mi
4500 Bellow Dr Lorain, OH	4.0	2.5	2200	$3,295	$1.50	2d	1	0.80mi

Listing history 16 events

1. 2026-06-07
   statusdays on market $200,000 Pending 76 DOM
2. 2026-06-03
   days on market $200,000 Active 75 DOM
3. 2026-06-02
   days on market $200,000 Active 74 DOM
4. 2026-06-02
   price $200,000 Active 73 DOM
5. 2026-06-01
   days on market $230,000 Active 73 DOM
6. 2026-05-31
   days on market $230,000 Active 72 DOM
7. 2026-05-21
   status Active
8. 2026-05-21
   price $230,000
9. 2026-04-08
   historical Contingent
10. 2026-03-26
    price $199,900
11. 2026-03-20
    listed $210,000 Active
12. 2023-01-18
    soldstatus $170,000
13. 2023-01-06
    status Pending 214-char remark

    Show marketing remark (214 chars)

    Come check out this beautiful home nestled in a great location of Lorain. The property has a vast amount of space, storage and large bedrooms. One previous owner with tons of potential. You do not want to miss out.

14. 2023-01-05
    soldstatus $170,000 Closed 214-char remark

    Show marketing remark (214 chars)

    Come check out this beautiful home nestled in a great location of Lorain. The property has a vast amount of space, storage and large bedrooms. One previous owner with tons of potential. You do not want to miss out.

15. 2022-11-01
    historical Contingent 214-char remark

    Show marketing remark (214 chars)

    Come check out this beautiful home nestled in a great location of Lorain. The property has a vast amount of space, storage and large bedrooms. One previous owner with tons of potential. You do not want to miss out.

16. 2022-10-06
    listed $170,000 Active 214-char remark

    Show marketing remark (214 chars)

    Come check out this beautiful home nestled in a great location of Lorain. The property has a vast amount of space, storage and large bedrooms. One previous owner with tons of potential. You do not want to miss out.

ⓘ 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: $2,535 · $211/mo
• Projected year-2 tax: $2,827 · $236/mo
• Expected delta: +$293/yr (+$24/mo · 11.5%)

ⓘ 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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,208
• − Mortgage interest: −$11,203
• − Property taxes: −$2,535
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,017
• − Management: −$2,017
• − Depreciation: −$5,818
• Taxable income: $618
• Est. tax owed @ 24.0%: −$148
• After-tax cash flow: $3,645/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: Lorain City
• NCES district ID: 3904426
• Math proficiency: 13% ▼ -24.00%
• Reading proficiency: 26% ▼ -10.00%
• Median HH income: $32,823
• Composite: 15.81/100
• National rank: #9266
• State rank: #633 of 656 in OH

Livability — Lorain

• Score: 67/100
• State rank: #595
• US rank: #10183

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lorain, OH
• County: Lorain County · 219,437 people
• City population: 69,409
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 21,084
• Household income: $67,484
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 921.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 22% Two or more races 14% Black 11%
• Hispanic origin (detail): Mexican 4% Puerto Rican 16% Cuban 2%
• Common ancestry: Romanian 8% Lithuanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 8% Russian/Polish/Slavic 1%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -91.03%
• Current HPI: 199.4591
• 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

+35.3% since first listed

10 events — show timeline

• 2026-05-21 Relisted — MLSNOW
• 2026-05-21 Price Changed $230,000 MLSNOW
• 2026-04-08 Contingent — MLSNOW
• 2026-03-26 Price Changed $199,900 MLSNOW
• 2026-03-20 Listed $210,000 MLSNOW
• 2023-01-18 Sold (Public Records) $170,000 Public Records
• 2023-01-06 Pending — MLSNOW
• 2023-01-05 Sold (MLS) $170,000 MLSNOW
• 2022-11-01 Contingent — MLSNOW
• 2022-10-06 Listed $170,000 MLSNOW

Property tax history

+3.6%/yr

Latest (2025): $2,535 · -7.3% YoY. Source: county tax records.