1661 Wakefield Ave · Youngstown, OH 44514

$129,900

3 bd · 2.0 ba · 1,625 sqft · SingleFamily public records · 187 Days on market

Built 1921 7,492 sqft lot Est $148k · 12% 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 +13.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Starter home for investor

Key facts

• Move-in ready
• Inviting foyer
• Finished third floor

Tags

• MOVE-IN READY
• QUALITY UPDATES
• INVITING FOYER
• RECENTLY UPGRADED MECHANICALS
• FINISHED THIRD FLOOR
• PRIVATE BACKYARD

Property features AI

Exterior

• Parking: Detached garage (2 car) with unpaved access
• Utilities: Public water; Public sewer
• Home design: 3-story home; Above-grade finished area approximately 1,950
• Construction: Aluminum siding; Asphalt/fiberglass roof
• Exterior features: Lot recorded at 0.172 acres

Interior

• Kitchen: Kitchen on first level
• Bedrooms: Bedroom on third level (10' x 13'); Bedroom on second level (12' x 10'); Bedroom on second level (12' x 12')
• Flooring: Wood flooring in dining room
• Bathrooms: 2 full bathrooms (one on second level, one on lower level)
• Heating & cooling: Gas heating; Radiant heating
• Interior features: Full basement; Fireplace in living room; 10 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $511 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 7.0% in Youngstown — 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 81/100 on livability (#99 in OH, #1,506 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Youngstown City (urban): math 8% / reading 17% proficiency, ranked #649 of 656 in OH (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 88% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 155 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Mahoning County population projected at -14% 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 $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 187 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y ago; this cycle's ask has dropped $20k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $130k implies a 982% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1921 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 187 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1921 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.29% ✓
• Cap rate: 11.01%
• Cash-on-cash: 16.85%
• DSCR: 1.75
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $147,875
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1653 Brownlee Ave	0.07mi	3/2.0	1,690 (+4%)	7mo	$176,000	$104	84
1923 Medford Ave	0.19mi	3/1.5	1,554 (-4%)	4mo	$105,000	$68	79
1621 Meadowbrook Ave	0.16mi	3/1.0	1,516 (-7%)	6mo	$115,000	$76	72
1928 Medford Ave	0.21mi	3/1.0	1,536 (-6%)	8mo	$120,000	$78	71
1954 Everett Ave	0.36mi	3/1.5	1,542 (-5%)	7mo	$68,500	$44	67
1560 Chattanooga Ave	0.25mi	3/1.0	1,476 (-9%)	4mo	$135,000	$91	66
1513 Meadowbrook Ave	0.31mi	4/2.5 (+1)	1,824 (+12%)	1mo	$165,000	$90	58
3803 Loveland Rd	0.59mi	3/1.0	1,520 (-6%)	3mo	$56,000	$37	55
1870 Basil Ave	0.69mi	3/1.5	1,527 (-6%)	1mo	$186,900	$122	55
1828 Basil Ave	0.70mi	3/1.5	1,492 (-8%)	0mo	$185,000	$124	51
1926 Brandon Ave	0.63mi	3/2.0	1,432 (-12%)	1mo	$178,000	$124	50
491 Spring St	0.72mi	3/1.0	1,488 (-8%)	6mo	$157,000	$106	43

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: 8.0%
• Equity multiple: 1.31×
• Total profit: $11,453
• Equity at exit: $19,369

10-year hold

• IRR: 17.3%
• Equity multiple: 2.42×
• Total profit: $51,743
• Equity at exit: $11,231

Cash invested: $36,372 (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 44514

• Home prices YoY: -23.8%
• Active inventory: 155
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,670 high
• Mortgage (P&I): −$681
• Tax from tax record: −$73 /mo · $875/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $511

Break-even live

Break-even rent $1,023

Max offer price $129,900

Occupancy floor 64%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4807 Sheridan Rd Youngstown, OH	3.0	1.5	1586	$1,750	$1.10	13d	1	0.31mi
1914 S Heights Ave Youngstown, OH	3.0	1.0	1115	$1,950	$1.75	44d	1	0.43mi
610 Elm St Struthers, OH	3.0	1.0	1050	$1,500	$1.43	13d	1	0.51mi
3446 Ambert Ave Youngstown, OH	4.0	1.0	1100	$1,250	$1.14	13d	1	0.65mi
1750 Nova Ln Youngstown, OH	3.0	2.0	1538	$1,700	$1.11	13d	1	0.92mi
465 W Omar St Struthers, OH	3.0	2.0	1544	$1,800	$1.17	13d	1	1.10mi
851 Cook Ave Unit 4 Youngstown, OH	2.0	1.0	1050	$800	$0.76	44d	1	1.32mi

Listing history 15 events

1. 2026-06-09
   status $129,900 Pending 187 DOM
2. 2026-06-08
   days on market $129,900 Active 187 DOM
3. 2026-06-07
   days on market $129,900 Active 186 DOM
4. 2026-06-03
   days on market $129,900 Active 182 DOM
5. 2026-06-02
   days on market $129,900 Active 181 DOM
6. 2026-06-01
   days on market $129,900 Active 180 DOM
7. 2026-05-31
   days on market $129,900 Active 179 DOM
8. 2026-05-30
   days on market $129,900 Active 178 DOM
9. 2026-04-30
   status Active
10. 2026-04-21
    status Pending
11. 2026-03-28
    price $139,900
12. 2025-11-23
    listed $150,000 Active
13. 2008-01-22
    soldstatus $12,000 25-char remark

    Show marketing remark (25 chars)

    Starter home for investor

14. 2007-08-07
    listed $12,900 25-char remark

    Show marketing remark (25 chars)

    Starter home for investor

15. 1998-10-22
    soldstatus $56,000

ⓘ 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: $875 · $73/mo
• Projected year-2 tax: $1,451 · $121/mo
• Expected delta: +$576/yr (+$48/mo · 65.8%)

ⓘ 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 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,036
• − Mortgage interest: −$7,276
• − Property taxes: −$875
• − Insurance: −$650
• − Repairs & maintenance: −$1,603
• − Management: −$1,603
• − Depreciation: −$3,779
• Taxable income: $4,250
• Est. tax owed @ 24.0%: −$1,020
• After-tax cash flow: $5,109/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: Youngstown City
• NCES district ID: 3904516
• Math proficiency: 8% ▼ -15.00%
• Reading proficiency: 17% ▼ -10.00%
• Median HH income: $25,257
• Composite: 9.29/100
• National rank: #9858
• State rank: #649 of 656 in OH

Livability — Youngstown

• Score: 81/100
• State rank: #99
• US rank: #1506

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Youngstown, OH
• County: Mahoning County · 84,956 people
• City population: 28,503
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 23,917
• Household income: $79,808
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 411.0

Population outlook (Mahoning County) Hauer SSP2

• Today (2025): 223,932 people
• By 2030: 218,387 · -2.5%
• By 2040: 205,367 · -8.3%
• By 2050: 193,606 · -13.5%
• By 2075: 173,694 · -22.4%
• By 2100: 151,147 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 6% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 2%

Political lean MEDSL · Mahoning

• 2024 margin: Lean R (+9.4) · D 44.9% · R 54.4%
• 2008→2024 swing: -36.1pp toward R · 2008: 26.6pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+1.9 2016: D+3.0 2012: D+27.7 2008: D+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.78%
• Current HPI: 210.5511
• Rent YoY: —
• Metro: Youngstown-Warren-Boardman, OH-PA
• 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

+149.8% since first listed

7 events — show timeline

• 2026-04-30 Relisted — MLSNOW
• 2026-04-21 Pending — MLSNOW
• 2026-03-28 Price Changed $139,900 MLSNOW
• 2025-11-23 Listed $150,000 MLSNOW
• 2008-01-22 Sold (MLS) $12,000 MLSNOW
• 2007-08-07 Listed $12,900 MLSNOW
• 1998-10-22 Sold (Public Records) $56,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $875 · -11.9% YoY. Source: county tax records.