344 W Main St · East Palestine, OH 44413

$69,900

3 bd · 1.5 ba · 1,791 sqft · SingleFamily public records · 75 Days on market

Built 1930 8,176 sqft lot $39/sqft · 48% below area Est $134k · 48% under ↓ 13% since listing

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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
• Schools +4.5/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 2 story home offers 1st floor bath with laundry, 3 bedrooms, full bath on 2nd level, all natural hardwood trim throughout. 2 car detached garage, cement drive, front porch and rear deck.

Key facts

• 1st floor bath
• Front porch
• Rear deck

Tags

• 1ST FLOOR BATH
• LAUNDRY
• NATURAL HARDWOOD TRIM
• DETACHED GARAGE
• FRONT PORCH
• REAR DECK

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $529 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 73/100 on livability (#325 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, employment D, amenities F.
• East Palestine City (town): math 50% / reading 57% proficiency, ranked #405 of 656 in OH (top 62%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 21 active listings in the ZIP; 49 units permitted in Columbiana County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($51k/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 $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Columbiana County population projected at -23% 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 $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 75 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 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-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?
7. 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.
8. 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.
9. 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: 1.98% ✓
• Cap rate: 16.33%
• Cash-on-cash: 35.85%
• DSCR: 2.60
• GRM: 4.2

CMA / ARV

• ARV (median comp): $134,205
• List price: $69,900
• Delta: -47.92%
• 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
344 W Main St	0.00mi	3/2.0	1,791 (0%)	1mo	$60,000	$34	97
189 W Martin St	0.31mi	4/1.0 (+1)	1,820 (+2%)	1mo	$150,000	$82	75
99 W Martin St	0.36mi	4/2.0 (+1)	1,791 (0%)	9mo	$140,000	$78	69
58 W Main St	0.27mi	3/2.0	1,836 (+2%)	17mo	$100,000	$54	67
385 Park Ave	0.10mi	3/2.0	1,560 (-13%)	6mo	$193,000	$124	67
331 Alice St	0.64mi	3/2.0	1,714 (-4%)	2mo	$142,000	$83	60
353 W North Ave	0.34mi	3/1.5	1,591 (-11%)	9mo	$184,900	$116	58
322 W North Ave	0.36mi	3/1.5	1,664 (-7%)	17mo	$115,000	$69	57
237 Alice St	0.55mi	3/1.5	1,898 (+6%)	16mo	$72,500	$38	51
5136 State Route 170	0.65mi	4/1.0 (+1)	1,680 (-6%)	4mo	$66,000	$39	49
5014 Wheathill Rd	0.62mi	4/1.0 (+1)	1,611 (-10%)	13mo	$95,000	$59	36
418 E Taggart St	0.73mi	4/1.0 (+1)	1,664 (-7%)	14mo	$115,000	$69	36

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: 27.6%
• Equity multiple: 2.15×
• Total profit: $22,448
• Equity at exit: $10,422

10-year hold

• IRR: 35.1%
• Equity multiple: 4.23×
• Total profit: $63,235
• Equity at exit: $6,044

Cash invested: $19,572 (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 44413

• Home prices YoY: -20.4%
• Active inventory: 21
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,385 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$114 /mo · $1,364/yr
• Insurance: −$29
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $529

Break-even live

Break-even rent $715

Max offer price $69,900

Occupancy floor 57%

Sensitivity live

Price	-10% $569	-5% $549	+0% $529	+5% $509	+10% $490
Rent	-10% $420	-5% $474	+0% $529	+5% $584	+10% $639
Rate	-1.0pp $564	-0.5pp $547	base $529	+0.5pp $511	+1.0pp $493

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-09
   status Pending 195-char remark

   Show marketing remark (195 chars)

   Spacious 2 story home offers 1st floor bath with laundry, 3 bedrooms, full bath on 2nd level, all natural hardwood trim throughout. 2 car detached garage, cement drive, front porch and rear deck.

2. 2026-03-19
   price $69,900 195-char remark

   Show marketing remark (195 chars)

   Spacious 2 story home offers 1st floor bath with laundry, 3 bedrooms, full bath on 2nd level, all natural hardwood trim throughout. 2 car detached garage, cement drive, front porch and rear deck.

3. 2026-02-28
   status Active 195-char remark

   Show marketing remark (195 chars)

   Spacious 2 story home offers 1st floor bath with laundry, 3 bedrooms, full bath on 2nd level, all natural hardwood trim throughout. 2 car detached garage, cement drive, front porch and rear deck.

4. 2026-02-16
   status Pending 195-char remark

   Show marketing remark (195 chars)

   Spacious 2 story home offers 1st floor bath with laundry, 3 bedrooms, full bath on 2nd level, all natural hardwood trim throughout. 2 car detached garage, cement drive, front porch and rear deck.

5. 2026-02-11
   listed $79,900 Active 195-char remark

   Show marketing remark (195 chars)

   Spacious 2 story home offers 1st floor bath with laundry, 3 bedrooms, full bath on 2nd level, all natural hardwood trim throughout. 2 car detached garage, cement drive, front porch and rear deck.

6. 2025-10-28
   historical
7. 2025-10-08
   listed $79,900 Active

ⓘ 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: $1,364 · $114/mo
• Projected year-2 tax: $1,364 · $114/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,619
• − Mortgage interest: −$3,915
• − Property taxes: −$1,364
• − Insurance: −$1,016
• − Repairs & maintenance: −$1,329
• − Management: −$1,329
• − Depreciation: −$2,033
• Taxable income: $5,631
• Est. tax owed @ 24.0%: −$1,351
• After-tax cash flow: $4,999/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: East Palestine City
• NCES district ID: 3904392
• Math proficiency: 50% ▼ -15.00%
• Reading proficiency: 57% ▼ -14.00%
• Median HH income: $41,573
• Composite: 44.86/100
• National rank: #2726
• State rank: #405 of 656 in OH

Livability — East Palestine

• Score: 73/100
• State rank: #325
• US rank: #5335

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Palestine, OH
• County: Columbiana · 99,532 people
• City population: 7,329
• Population (ZIP): 7,329
• Household income: $51,071
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 11.1

Population outlook (Columbiana County) Hauer SSP2

• Today (2025): 98,353 people
• By 2030: 94,225 · -4.2%
• By 2040: 85,169 · -13.4%
• By 2050: 76,157 · -22.6%
• By 2075: 58,451 · -40.6%
• By 2100: 42,805 · -56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Serbian 3% Iranian 2% Romanian 2%
• Foreign-born: 0% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 1%

Political lean MEDSL · Columbiana

• 2024 margin: Solid R (+49.0) · D 25.1% · R 74.1%
• 2008→2024 swing: -41.4pp toward R · 2008: -7.6pp · 2024: -49.0pp
• All cycles: 2024: R+49.0 2020: R+44.9 2016: R+41.6 2012: R+12.0 2008: R+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.19%
• Current HPI: 188.3714
• 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

-12.5% since first listed

7 events — show timeline

• 2026-05-09 Pending — MLSNOW
• 2026-03-19 Price Changed $69,900 MLSNOW
• 2026-02-28 Relisted — MLSNOW
• 2026-02-16 Pending — MLSNOW
• 2026-02-11 Listed $79,900 MLSNOW
• 2025-10-28 Listing Removed — MLSNOW
• 2025-10-08 Listed $79,900 MLSNOW

Property tax history

+8.1%/yr

Latest (2025): $1,364 · +27.9% YoY. Source: county tax records.