403 Summit Ave · Mingo Junction, OH 43938

$74,000

2 bd · 1.0 ba · 570 sqft · SingleFamily public records · 8 Days on market

Built 1946 9,583 sqft lot

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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 +27.2/30.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +6.2/10.0
• 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 fixer-upper situated on a desirable corner lot in the heart of Mingo Junction! 2 bedrooms with new carpet, new Bathroom currently being installed. Whether you’re an investor, flipper, or buyer looking to create your dream home, this property offers incredible potential and a chance to build equity. Featuring a convenient location close to schools, parks, shopping, and local amenities, this home is ready for your vision and updates. The spacious lot provides ample outdoor space for future improvements, landscaping, or additional parking. As an added bonus, mineral rights owned by the seller will convey with the sale. Don’t miss this affordable opportu

Key facts

• Mineral rights
• New bathroom
• Spacious lot

Tags

• CORNER LOT
• NEW BATHROOM
• SPACIOUS LOT
• MINERAL RIGHTS
• 2 CAR GARAGE
• LARGE POLE BARN

Property features AI

Finance

• Financial info: Annual taxes listed (2025)

Exterior

• Parking: Detached garage
• Utilities: Public water; Public sewer
• Home design: Single-story home; Vinyl siding; Shingle roof
• Construction: Built (year source: Assessor); Vinyl siding construction; Shingle roof
• Exterior features: 0.22-acre lot; Public water; Public sewer

Interior

• Bedrooms: 1 main-level bedroom
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central air conditioning; Forced-air gas heating
• Interior features: Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $74k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($832 rent vs $74k).

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 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).
• This rent is only 17% 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 $512 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $1k; list at $74k implies a 7300% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,000

Questions for the listing agent

1. Built in 1946 — 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: 1.12% ✓
• Cap rate: 9.71%
• Cash-on-cash: 12.21%
• DSCR: 1.54
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $33,630
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
113 Stanton Ave	0.45mi	2/1.0	540 (-5%)	4mo	$14,000	$26	67
253 Hallock Ave	0.53mi	2/1.0	510 (-10%)	7mo	$30,000	$59	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.8%
• Equity multiple: 1.07×
• Total profit: $1,408
• Equity at exit: $11,034

10-year hold

• IRR: 11.3%
• Equity multiple: 1.89×
• Total profit: $18,403
• Equity at exit: $6,398

Cash invested: $20,720 (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: 7.4×

Monthly cashflow live

• Estimated rent: $832 medium
• Mortgage (P&I): −$388
• Tax from tax record: −$28 /mo · $335/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$175
• Net cashflow: $211

Break-even live

Break-even rent $566

Max offer price $74,000

Occupancy floor 70%

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: $18,500
• Closing costs: $2,220
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-19
   days on market $74,000 Active 8 DOM
2. 2026-06-18
   days on market $74,000 Active 7 DOM
3. 2026-06-17
   days on market $74,000 Active 6 DOM
4. 2026-06-16
   days on market $74,000 Active 5 DOM
5. 2026-06-15
   days on market $74,000 Active 4 DOM
6. 2026-06-14
   days on market $74,000 Active 2 DOM
7. 2026-06-12
   remarks 687-char remark
8. 2026-06-12
   listed $74,000 Active 1 DOM

ⓘ 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: $335 · $28/mo
• Projected year-2 tax: $745 · $62/mo
• Expected delta: +$410/yr (+$34/mo · 122.1%)

ⓘ 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: $9,990
• − Mortgage interest: −$4,145
• − Property taxes: −$335
• − Insurance: −$370
• − Repairs & maintenance: −$799
• − Management: −$799
• − Depreciation: −$2,153
• Taxable income: $1,388
• Est. tax owed @ 24.0%: −$333
• After-tax cash flow: $2,196/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

+311.1% since first listed

3 events — show timeline

• 2026-06-11 Listed $74,000 MLSNOW
• 2018-05-03 Sold (Public Records) $1,000 Public Records
• 2016-11-30 Sold (Public Records) $18,000 Public Records

Property tax history

+10.7%/yr

Latest (2025): $335 · +28.9% YoY. Source: county tax records.