611 Western Ave · Mingo Junction, OH 43938

$40,000

4 bd · 1.0 ba · 1,051 sqft · SingleFamily public records · 11 Days on market

Built 1949 3,920 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits with this 4 bedroom, 1 bath Cape Cod located in a quiet neighborhood! Full of potential, this home is ready for someone to bring their vision and creativity to life. Featuring a spacious layout with four bedrooms and plenty of living space, this property would make a great investment, flip, rental, or project home. Conveniently located in a peaceful area with a nice yard and solid bones, this fixer-upper is the perfect chance to build equity and make it your own. Being sold AS-IS.

Key facts

• 3,920 sq ft lot
• Built 1949
• Listed 11 days

Property features AI

Finance

• Financial info: Annual tax information available

Exterior

• Parking: On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family property; Fixer condition
• Construction: Built per assessor records; Vinyl siding; Asphalt/fiberglass roof
• Exterior features: Public water; Public sewer; Lot is approximately 0.09 acres

Interior

• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Central air conditioning; Forced air heating (gas)
• Interior features: Unfinished basement; Total of 6 rooms

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($841 rent vs $40k).

Location & tenants

• Location reads 72/100 on livability (#381 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: commute D, amenities F, employment D-.
• Indian Creek Local (suburban): math 42% / reading 56% proficiency, ranked #455 of 656 in OH (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 17 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($57k/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 $277 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Jefferson County population projected at -19% 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 $11k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $40,000

Questions for the listing agent

1. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 2.10% ✓
• Cap rate: 17.24%
• Cash-on-cash: 39.09%
• DSCR: 2.74
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $105,100
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
247 Hallock Ave	0.19mi	3/1.0 (-1)	1,050 (-0%)	21mo	$48,000	$46	69
241 Summit Ave	0.30mi	3/1.0 (-1)	1,064 (+1%)	12mo	$154,000	$145	69
457 Mclister Ave	0.12mi	3/2.0 (-1)	1,092 (+4%)	17mo	$36,000	$33	65
100 Elm St	0.41mi	3/1.0 (-1)	1,040 (-1%)	12mo	$122,000	$117	64
119 Benita Dr	0.53mi	3/2.0 (-1)	1,050 (-0%)	3mo	$175,000	$167	63
315 Petrick Ave	0.49mi	3/1.0 (-1)	1,103 (+5%)	9mo	$55,000	$50	56
310 Penn Ave	0.68mi	3/2.0 (-1)	1,014 (-4%)	3mo	$77,000	$76	51
215 Benita Dr	0.62mi	3/1.0 (-1)	1,104 (+5%)	9mo	$177,000	$160	50
106 Penn Ave	0.55mi	3/1.5 (-1)	936 (-11%)	6mo	$93,500	$100	44
308 Penn Ave	0.67mi	3/1.5 (-1)	1,200 (+14%)	1mo	$157,500	$131	37
316 Churchway St	0.66mi	3/1.5 (-1)	1,200 (+14%)	2mo	$55,000	$46	37
201 Standard Ave	0.46mi	3/1.0 (-1)	1,189 (+13%)	22mo	$15,000	$13	33

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: 35.3%
• Equity multiple: 2.50×
• Total profit: $16,780
• Equity at exit: $5,964

10-year hold

• IRR: 42.1%
• Equity multiple: 4.99×
• Total profit: $44,640
• Equity at exit: $3,458

Cash invested: $11,200 (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 43938

• Home prices YoY: -6.0%
• Active inventory: 17
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $841 medium
• Mortgage (P&I): −$210
• Tax from tax record: −$73 /mo · $874/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$177
• Net cashflow: $365

Break-even live

Break-even rent $379

Max offer price $40,000

Occupancy floor 52%

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
126 Grandview Ave Unit 126 Mingo Junction, OH	3.0	1.0	850	$899	$1.06	44d	1	0.28mi
113 Spring Ave Mingo Junction, OH	3.0	1.0	840	$750	$0.89	44d	1	0.43mi

Listing history 6 events

1. 2026-06-01
   status $40,000 Pending 11 DOM
2. 2026-06-01
   days on market $40,000 Active 11 DOM
3. 2026-05-31
   days on market $40,000 Active 10 DOM
4. 2026-05-31
   days on market $40,000 Active 9 DOM
5. 2026-05-21
   listed $40,000 Active
6. 2025-11-06
   soldstatus $300,000

ⓘ 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: $874 · $73/mo
• Projected year-2 tax: $874 · $73/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 · 18 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: $10,087
• − Mortgage interest: −$2,241
• − Property taxes: −$874
• − Insurance: −$200
• − Repairs & maintenance: −$807
• − Management: −$807
• − Depreciation: −$1,164
• Taxable income: $3,995
• Est. tax owed @ 24.0%: −$959
• After-tax cash flow: $3,419/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: Indian Creek Local
• NCES district ID: 3904780
• Math proficiency: 42% ▼ -24.00%
• Reading proficiency: 56% ▼ -10.00%
• Median HH income: $44,695
• Composite: 41.39/100
• National rank: #3483
• State rank: #455 of 656 in OH

Livability — Mingo Junction

• Score: 72/100
• State rank: #381
• US rank: #6170

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mingo Junction, OH
• County: Jefferson · 64,369 people
• Metro: Weirton-Steubenville, WV-OH
• Population (ZIP): 5,448
• Household income: $57,453
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 11.2

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 63,481 people
• By 2030: 61,067 · -3.8%
• By 2040: 55,860 · -12.0%
• By 2050: 51,236 · -19.3%
• By 2075: 41,804 · -34.1%
• By 2100: 32,344 · -49.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 5%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 1% · Canada

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+43.9) · D 27.5% · R 71.4% · Other 1.1%
• 2008→2024 swing: -44.1pp toward R · 2008: 0.2pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+38.4 2016: R+35.7 2012: R+5.5 2008: D+0.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -11.44%
• Current HPI: 179.3725
• 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

-86.7% since first listed

2 events — show timeline

• 2026-05-21 Listed $40,000 MLSNOW
• 2025-11-06 Sold (Public Records) $300,000 Public Records

Property tax history

+0.0%/yr

Latest (2025): $874 · +1.2% YoY. Source: county tax records.