1722 Washington Ave · Lorain, OH 44052

$85,000

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 25 Days on market

Built 1900 6,534 sqft lot Est $151k · 44% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Why rent when you could own? This home has been upgraded with new carpet, durable Allure vinyl flooring, updated bathroom and fresh paint. The back yard is large and has a nice sized 2 car garage. Extra large basement with plenty of room for storage. Newer hot water tank and furnace with updated panel.

Key facts

• 6,534 sq ft lot
• 2 garage spots
• Built 1900

Tags

• ACCESS TO MAJOR ROUTES

Property features AI

Finance

• Financial info: Annual tax noted (2025)

Exterior

• Parking: Detached garage (2 spaces); Unpaved parking
• Utilities: Public water; Public sewer
• Home design: 2 stories; Vinyl siding exterior; Asphalt/fiberglass roof
• Construction: Built per public records; Vinyl siding construction; Asphalt/fiberglass roof
• Exterior features: Porch; 0.15-acre lot

Interior

• Bedrooms: Total of 6 rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Unfinished basement; Porch; One fireplace
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $479 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $84k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 5.9% 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: Rents rising fast (+4.1%/yr); 135 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 35% of the median local income ($45k/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 $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 17y 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 $34k; list at $85k implies a 154% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $83,725 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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. 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?
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: 1.57% ✓
• Cap rate: 13.06%
• Cash-on-cash: 24.16%
• DSCR: 2.07
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $151,008
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1935 Hamilton Ave	0.20mi	3/1.0	1,160 (-7%)	3mo	$165,000	$142	76
1725 Washington Ave	0.03mi	2/1.0 (-1)	1,127 (-10%)	3mo	$136,900	$121	74
1038 W 11th St	0.35mi	3/1.0	1,172 (-6%)	1mo	$135,000	$115	73
1035 W 12th St	0.27mi	3/1.0	1,152 (-8%)	3mo	$125,000	$109	72
2606 Oberlin Ave	0.68mi	3/1.0	1,239 (-1%)	0mo	$167,000	$135	67
1202 Oberlin Ave	0.41mi	3/1.5	1,157 (-7%)	1mo	$134,500	$116	66
1150 W 10th St	0.49mi	3/2.0	1,312 (+5%)	0mo	$175,000	$133	65
2027 Lexington Ave	0.51mi	4/2.0 (+1)	1,260 (+1%)	4mo	$63,000	$50	62
1218 W 9th St	0.58mi	3/1.0	1,316 (+5%)	4mo	$55,000	$42	61
1134 W 19th St	0.26mi	3/1.5	1,068 (-14%)	2mo	$160,000	$150	60
2349 Kelly Pl	0.66mi	3/1.0	1,164 (-7%)	1mo	$110,210	$95	58
1230 W 19th St	0.39mi	3/2.0	1,428 (+14%)	2mo	$179,900	$126	52

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 · 4.09% rent growth · sell at horizon

5-year hold

• IRR: 18.6%
• Equity multiple: 1.77×
• Total profit: $18,229
• Equity at exit: $12,674

10-year hold

• IRR: 27.7%
• Equity multiple: 3.58×
• Total profit: $61,403
• Equity at exit: $7,349

Cash invested: $23,800 (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 44052

• Home prices YoY: -28.1%
• Rents YoY: 4.1%
• Active inventory: 135
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,331 high
• Mortgage (P&I): −$446
• Tax from tax record: −$91 /mo · $1,094/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $479

Break-even live

Break-even rent $725

Max offer price $85,000

Occupancy floor 59%

Sensitivity live

Price	-10% $527	-5% $503	+0% $479	+5% $455	+10% $431
Rent	-10% $374	-5% $427	+0% $479	+5% $532	+10% $584
Rate	-1.0pp $522	-0.5pp $501	base $479	+0.5pp $457	+1.0pp $435

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
930 W 18th St Lorain, OH	4.0	1.0	1344	$1,450	$1.08	44d	1	0.03mi
1421 Long Ave Lorain, OH	2.0	1.0	719	$1,140	$1.59	44d	1	0.25mi
1055 W 12th St Lorain, OH	4.0	1.0	1206	$1,750	$1.45	24d	1	0.30mi
1703 Oakdale Ave Lorain, OH	3.0	1.0	1237	$1,300	$1.05	4d	1	0.31mi
939 W 22nd St Lorain, OH	3.0	1.0	950	$1,295	$1.36	44d	1	0.31mi
704 W 21st St Lorain, OH	4.0	1.0	1410	$1,450	$1.03	24d	1	0.33mi
1053 Washington Ave Unit 4 Lorain, OH	3.0	1.0	1000	$899	$0.90	44d	1	0.34mi
521 W 14th St Lorain, OH	3.0	1.0	968	$950	$0.98	44d	1	0.35mi
1220 W 19th St Lorain, OH	4.0	1.0	1492	$1,550	$1.04	24d	1	0.38mi
2307 Washington Ave Lorain, OH	1.0–3.0	1.0	880	$1,499	$1.70	2d	1	0.41mi
1724 Lexington Ave Lorain, OH	3.0	1.0	1150	$1,215	$1.06	24d	1	0.41mi
420 W 12th St Lorain, OH	3.0	1.0	1204	$1,650	$1.37	5d	1	0.42mi
1031 W 9th St Lorain, OH	2.0	1.0	854	$895	$1.05	24d	1	0.48mi
944 S Central Dr Lorain, OH	3.0	1.0	950	$1,250	$1.32	24d	1	0.52mi
942 S Central Dr Lorain, OH	2.0	1.0	850	$1,000	$1.18	24d	1	0.53mi
938 S Central Dr Lorain, OH	2.0	1.0	850	$950	$1.12	44d	1	0.53mi
509 W 24th St Lorain, OH	2.0	1.0	1036	$1,400	$1.35	44d	1	0.58mi
128 W 22nd St Lorain, OH	3.0	1.0	1402	$1,470	$1.05	44d	1	0.65mi
1028 W 5th St Lorain, OH	3.0	2.0	1250	$1,650	$1.32	44d	1	0.80mi
1712 W 12th St Lorain, OH	3.0	1.0	996	$1,295	$1.30	24d	1	0.82mi
1223 W 5th St Lorain, OH	3.0	2.0	1152	$1,150	$1.00	13d	1	0.83mi
1239 W 5th St Unit 1 Lorain, OH	3.0	1.0	1200	$1,100	$0.92	24d	1	0.85mi
336 W 29th St Lorain, OH	3.0	1.0	1440	$1,350	$0.94	44d	1	0.85mi
2349 Elyria Ave Unit 2 Lorain, OH	2.0	1.0	800	$925	$1.16	44d	1	0.92mi
1220 W Erie Ave Lorain, OH	2.0	2.0	1458	$1,050	$0.72	2d	1	0.94mi
2715 Apple Ave Lorain, OH	3.0	1.0	1240	$1,311	$1.06	44d	1	0.99mi
2550 Elyria Ave Unit 2 Lorain, OH	3.0	1.0	765	$1,200	$1.57	8d	1	0.99mi
117 W 30th St Lorain, OH	2.0	1.0	1344	$925	$0.69	44d	1	1.03mi
860 Colorado Ave Lorain, OH	2.0	1.0	825	$1,225	$1.48	44d	1	1.20mi
3132 Elyria Ave Lorain, OH	3.0	1.5	1109	$1,250	$1.13	44d	1	1.22mi
1312 W 37th St Lorain, OH	2.0	1.0	810	$1,200	$1.48	44d	1	1.28mi
2809 W Erie Ave Lorain, OH	1.0–2.0	1.0	800	$1,049	$1.31	2d	1	1.41mi
612 E 33rd St Lorain, OH	3.0	1.0	960	$995	$1.04	44d	1	1.41mi
810 E Erie Ave #4 Lorain, OH	2.0	1.0	1200	$895	$0.75	44d	1	1.46mi

Listing history 27 events

1. 2026-06-21
   days on market $85,000 Active 25 DOM
2. 2026-06-18
   days on market $85,000 Active 22 DOM
3. 2026-06-17
   days on market $85,000 Active 21 DOM
4. 2026-06-16
   days on market $85,000 Active 20 DOM
5. 2026-06-15
   days on market $85,000 Active 19 DOM
6. 2026-06-13
   days on market $85,000 Active 17 DOM
7. 2026-06-13
   days on market $85,000 Active 16 DOM
8. 2026-06-09
   days on market $85,000 Active 13 DOM
9. 2026-06-08
   days on market $85,000 Active 12 DOM
10. 2026-06-07
    days on market $85,000 Active 11 DOM
11. 2026-06-03
    days on market $85,000 Active 7 DOM
12. 2026-06-02
    days on market $85,000 Active 6 DOM
13. 2026-06-01
    days on market $85,000 Active 5 DOM
14. 2026-05-31
    days on market $85,000 Active 4 DOM
15. 2026-05-27
    listed $85,000 Active
16. 2019-06-05
    soldstatus $33,500 Sold 303-char remark

    Show marketing remark (303 chars)

    Why rent when you could own? This home has been upgraded with new carpet, durable Allure vinyl flooring, updated bathroom and fresh paint. The back yard is large and has a nice sized 2 car garage. Extra large basement with plenty of room for storage. Newer hot water tank and furnace with updated panel.

17. 2019-06-04
    status Pending 303-char remark

    Show marketing remark (303 chars)

    Why rent when you could own? This home has been upgraded with new carpet, durable Allure vinyl flooring, updated bathroom and fresh paint. The back yard is large and has a nice sized 2 car garage. Extra large basement with plenty of room for storage. Newer hot water tank and furnace with updated panel.

18. 2019-05-14
    historical Contingent 303-char remark

    Show marketing remark (303 chars)

    Why rent when you could own? This home has been upgraded with new carpet, durable Allure vinyl flooring, updated bathroom and fresh paint. The back yard is large and has a nice sized 2 car garage. Extra large basement with plenty of room for storage. Newer hot water tank and furnace with updated panel.

19. 2019-04-19
    listed $39,900 Active 303-char remark

    Show marketing remark (303 chars)

    Why rent when you could own? This home has been upgraded with new carpet, durable Allure vinyl flooring, updated bathroom and fresh paint. The back yard is large and has a nice sized 2 car garage. Extra large basement with plenty of room for storage. Newer hot water tank and furnace with updated panel.

20. 2018-10-10
    soldstatus $5,000
21. 2018-03-14
    historical
22. 2016-03-15
    listed $45,000 Active
23. 2014-12-19
    historical
24. 2013-12-19
    listed $45,000
25. 2011-08-04
    soldstatus $10,000
26. 2011-07-20
    historical
27. 2009-04-01
    listed $18,000

ⓘ 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: $1,094 · $91/mo
• Projected year-2 tax: $1,210 · $101/mo
• Expected delta: +$116/yr (+$10/mo · 10.6%)

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

Taxation est. · year 1

• Rental income: $15,972
• − Mortgage interest: −$4,761
• − Property taxes: −$1,094
• − Insurance: −$425
• − Repairs & maintenance: −$1,278
• − Management: −$1,278
• − Depreciation: −$2,473
• Taxable income: $4,663
• Est. tax owed @ 24.0%: −$1,119
• After-tax cash flow: $4,630/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): 28,282
• Household income: $45,023
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1423.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 49% Hispanic / Latino 24% Black 21% Two or more races 16%
• Hispanic origin (detail): Mexican 5% Puerto Rican 17%
• Common ancestry: Romanian 6% Lithuanian 1% Iranian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 14%

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: ▼ -73.23%
• Current HPI: 186.9657
• Rent YoY: ▲ 4.09%
• 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

+372.2% since first listed

13 events — show timeline

• 2026-05-27 Listed $85,000 MLSNOW
• 2019-06-05 Sold (MLS) $33,500 MLSNOW
• 2019-06-04 Pending — MLSNOW
• 2019-05-14 Contingent — MLSNOW
• 2019-04-19 Listed $39,900 MLSNOW
• 2018-10-10 Sold (Public Records) $5,000 Public Records
• 2018-03-14 Listing Removed — MLSNOW
• 2016-03-15 Listed $45,000 MLSNOW
• 2014-12-19 Listing Removed — MLSNOW
• 2013-12-19 Listed $45,000 MLSNOW
• 2011-08-04 Sold (MLS) $10,000 MLSNOW
• 2011-07-20 Listing Removed — MLSNOW
• 2009-04-01 Listed $18,000 MLSNOW

Property tax history

+1.9%/yr

Latest (2025): $1,094 · -7.3% YoY. Source: county tax records.