743 Broad St · Wadsworth, OH 44281

$220,000

4 bd · 1.0 ba · 1,672 sqft · SingleFamily public records · 21 Days on market

Built 1935 2.45 ac lot $132/sqft · 37% below area Est $349k · 37% under

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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 +19.7/30.0
• ARV discount +15.0/15.0
• Schools +6.5/10.0
• DSCR +6.2/10.0
• 1% rule +5.0/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 743 Broad Street in Wadsworth! This 4-bedroom, 1-bathroom brick home offers 1,672 square feet of living space on a generous 2.45-acre lot with 284 feet of frontage, which provides the possibility for expansion or redevelopment. The property has the potential for two buildable lots plus a separate lot with the existing house. While the home requires significant renovation, it features strong bones and timeless character, including a spacious living room with a fireplace, a dedicated dining room, a sunroom, and a functional kitchen on the main level. Upstairs, you’ll find four bedrooms and a full bath, along with a walk-up attic that provides ample storage or future finishing

Key facts

• Functional kitchen
• Generous lot
• Sunroom

Tags

• BRICK HOME
• GENEROUS LOT
• SPACIOUS LIVING ROOM
• DEDICATED DINING ROOM
• SUNROOM
• FUNCTIONAL KITCHEN

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $217k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 3.3% in Wadsworth — 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 82/100 on livability (#74 in OH, #1,136 nationally) — a professional / high-income tenant draw. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Wadsworth City (suburban): math 74% / reading 77% proficiency, ranked #83 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 135 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($217k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $25k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $185k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $216,700 (1.5% below list)

Questions for the listing agent

1. Built in 1935 — 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: 1.00% ✓
• Cap rate: 7.69%
• Cash-on-cash: 4.99%
• DSCR: 1.22
• GRM: 8.3

CMA / ARV

• ARV (median comp): $348,707
• List price: $220,000
• Delta: -16.84%
• 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
228 Hartman Rd	0.26mi	3/1.5 (-1)	1,552 (-7%)	1mo	$170,000	$110	68
846 Longbrook Dr	0.39mi	3/3.5 (-1)	1,594 (-5%)	1mo	$365,000	$229	58
854 Longbrook Dr	0.41mi	3/2.5 (-1)	1,560 (-7%)	4mo	$298,000	$191	56
681 Oakcrest Dr	0.69mi	3/2.5 (-1)	1,676 (+0%)	1mo	$360,000	$215	55
880 Archwood Rd	0.37mi	3/1.5 (-1)	1,596 (-4%)	17mo	$240,000	$150	54
280 Tanglewood Trl	0.50mi	4/2.5	1,820 (+9%)	3mo	$425,000	$234	54
411 Treeview Dr	0.55mi	3/2.5 (-1)	1,583 (-5%)	6mo	$315,000	$199	50
626 Oakcrest Dr	0.71mi	3/2.5 (-1)	1,676 (+0%)	15mo	$330,000	$197	43
660 Oakcrest Dr	0.67mi	3/2.5 (-1)	1,560 (-7%)	6mo	$330,000	$212	41
285 Tanglewood Trl	0.48mi	5/3.5 (+1)	1,896 (+13%)	3mo	$370,000	$195	38
437 Woodcrest Dr	0.62mi	3/2.5 (-1)	1,848 (+10%)	10mo	$357,000	$193	35
134 Summit St	0.64mi	3/1.5 (-1)	1,473 (-12%)	22mo	$226,000	$153	25

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: -8.5%
• Equity multiple: 0.69×
• Total profit: $-19,314
• Equity at exit: $32,803

10-year hold

• IRR: 1.0%
• Equity multiple: 1.07×
• Total profit: $4,245
• Equity at exit: $19,022

Cash invested: $61,600 (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 44281

• Active inventory: 135
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,201 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$237 /mo · $2,849/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $256

Break-even live

Break-even rent $1,877

Max offer price $220,000

Occupancy floor 83%

Sensitivity live

Price	-10% $381	-5% $319	+0% $256	+5% $194	+10% $132
Rent	-10% $82	-5% $169	+0% $256	+5% $343	+10% $430
Rate	-1.0pp $367	-0.5pp $312	base $256	+0.5pp $199	+1.0pp $141

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
487 Sparrow Way Unit A Wadsworth, OH	3.0	2.5	1525	$1,795	$1.18	44d	1	1.03mi
600 Grant Allen Way Wadsworth, OH	1.0–3.0	1.0–2.0	1016	$1,875	$1.84	2d	9	1.13mi

Listing history 17 events

1. 2026-06-18
   price $220,000 Active 21 DOM
2. 2026-06-18
   days on market $245,000 Active 21 DOM
3. 2026-06-17
   days on market $245,000 Active 20 DOM
4. 2026-06-16
   days on market $245,000 Active 19 DOM
5. 2026-06-15
   days on market $245,000 Active 18 DOM
6. 2026-06-13
   days on market $245,000 Active 16 DOM
7. 2026-06-09
   days on market $245,000 Active 12 DOM
8. 2026-06-08
   days on market $245,000 Active 11 DOM
9. 2026-06-07
   days on market $245,000 Active 10 DOM
10. 2026-06-05
    days on market $245,000 Active 7 DOM
11. 2026-06-03
    days on market $245,000 Active 6 DOM
12. 2026-06-02
    days on market $245,000 Active 5 DOM
13. 2026-06-01
    days on market $245,000 Active 4 DOM
14. 2026-05-31
    days on market $245,000 Active 3 DOM
15. 2026-04-18
    listed $225,000 Active 1225-char remark
16. 2026-04-18
    listed $290,000 Active 1211-char remark
17. 2015-11-25
    soldstatus $185,000

ⓘ 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: $2,849 · $237/mo
• Projected year-2 tax: $3,141 · $262/mo
• Expected delta: +$291/yr (+$24/mo · 10.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $26,417
• − Mortgage interest: −$12,323
• − Property taxes: −$2,849
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,113
• − Management: −$2,113
• − Depreciation: −$6,400
• Taxable loss: −$482
• Est. tax savings @ 24.0%: +$116
• After-tax cash flow: $3,192/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: Wadsworth City
• NCES district ID: 3910029
• Math proficiency: 74% ▼ -8.00%
• Reading proficiency: 77% ▼ -6.00%
• Median HH income: $62,397
• Composite: 65.1/100
• National rank: #499
• State rank: #83 of 656 in OH

Livability — Wadsworth

• Score: 82/100
• State rank: #74
• US rank: #1136

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wadsworth, OH
• County: Medina County · 145,517 people
• City population: 34,704
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 34,704
• Household income: $89,131
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 597.0

Population outlook (Medina County) Hauer SSP2

• Today (2025): 185,249 people
• By 2030: 188,174 · +1.6%
• By 2040: 190,350 · +2.8%
• By 2050: 187,283 · +1.1%
• By 2075: 177,108 · -4.4%
• By 2100: 151,304 · -18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Asian 1%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1% Other Asian/Pacific 0%

Political lean MEDSL · Medina

• 2024 margin: Strong R (+24.8) · D 37.2% · R 62.0%
• 2008→2024 swing: -16.8pp toward R · 2008: -8.0pp · 2024: -24.8pp
• All cycles: 2024: R+24.8 2020: R+23.4 2016: R+24.9 2012: R+13.1 2008: R+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.82%
• Current HPI: 253.1502
• 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

+18.9% since first listed

7 events — show timeline

• 2026-06-18 Price Changed $220,000 MLSNOW
• 2026-05-28 Listing Removed — MLSNOW
• 2026-05-28 Listing Removed — MLSNOW
• 2026-05-28 Listed $245,000 MLSNOW
• 2026-04-18 Listed $290,000 MLSNOW
• 2026-04-18 Listed $225,000 MLSNOW
• 2015-11-25 Sold (Public Records) $185,000 Public Records

Property tax history

+1.5%/yr

Latest (2025): $2,849 · -11.9% YoY. Source: county tax records.