219 Whitely St · Bridgeport, OH 43912

$45,000

4 bd · 2.0 ba · 3,164 sqft · MultiFamily public records · 70 Days on market

Built 1880 5,000 sqft lot Est $89k · 49% under

---

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 +15.0/30.0
• ARV discount +15.0/15.0
• Appreciation +6.4/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.4/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Step inside this remarkable home, built in 1880 and boasting over 4,000 square feet! The craftsmanship and charm are a must see. Beautiful hardwood floors, stunning stair rails, pocket doors, and wood beam ceilings await around nearly every turn. The current owner has taken great care to preserve the property, while updating electrical, plumbing, and much more. This home is waiting for its new owner to complete the restoration.

Key facts

• 5,000 sq ft lot
• Garage
• Built 1880

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $45k.

Deal economics

• At list price, monthly cash flow is $9k ($107k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($12k rent vs $45k).
• Recommended offer: $42k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#239 in OH, #3,844 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Bridgeport Exempted Village (suburban): math 49% / reading 57% proficiency, ranked #429 of 656 in OH (top 65%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 40 active listings in the ZIP; 4 units permitted in Belmont County in 2024 (0 in 5+ unit buildings).
• At $11,720/mo this rent would consume 272% of the median local household income ($52k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($311 loan paydown + $1k appreciation (2.7% local appreciation)).
• Belmont County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.7% appreciation + 3.0% rent growth), your $13k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($42k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (18%) 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 1880 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $42,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 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 1880 — 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. 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 26.04% ✓
• Cap rate: 244.90%
• Cash-on-cash: 852.17%
• DSCR: 38.92
• GRM: 0.3

CMA / ARV

• ARV (median comp): $88,829
• List price: $45,000
• Delta: -49.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
98 Iowa St	0.68mi	4/2.0	2,771 (-12%)	3mo	$39,900	$14	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.71% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 46.34×
• Total profit: $571,308
• Equity at exit: $19,514

10-year hold

• IRR: —
• Equity multiple: 99.51×
• Total profit: $1,241,228
• Equity at exit: $29,525

Cash invested: $12,600 (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 43912

• Home prices YoY: 1.7%
• Active inventory: 40
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $11,720 medium
• Mortgage (P&I): −$236
• Tax est. 1.5%: −$56 /mo · $675/yr
• Insurance: −$19
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,461
• Net cashflow: $8,892

Break-even live

Break-even rent $464

Max offer price $45,000

Occupancy floor 19%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 3× units	2	1	$11,721
Total (3 units)			$11,720

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $45,000 Active 70 DOM
2. 2026-06-18
   days on market $45,000 Active 69 DOM
3. 2026-06-17
   days on market $45,000 Active 68 DOM
4. 2026-06-16
   days on market $45,000 Active 67 DOM
5. 2026-06-15
   days on market $45,000 Active 66 DOM
6. 2026-06-14
   days on market $45,000 Active 64 DOM
7. 2026-06-12
   days on market $45,000 Active 63 DOM
8. 2026-06-09
   days on market $45,000 Active 60 DOM
9. 2026-06-08
   days on market $45,000 Active 59 DOM
10. 2026-06-07
    pricedays on market $45,000 Active 58 DOM
11. 2026-06-03
    days on market $55,000 Active 54 DOM
12. 2026-06-02
    days on market $55,000 Active 53 DOM
13. 2026-06-01
    days on market $55,000 Active 52 DOM
14. 2026-05-31
    days on market $55,000 Active 51 DOM
15. 2026-05-30
    days on market $55,000 Active 50 DOM
16. 2026-04-17
    status Active 431-char remark

    Show marketing remark (431 chars)

    Step inside this remarkable home, built in 1880 and boasting over 4,000 square feet! The craftsmanship and charm are a must see. Beautiful hardwood floors, stunning stair rails, pocket doors, and wood beam ceilings await around nearly every turn. The current owner has taken great care to preserve the property, while updating electrical, plumbing, and much more. This home is waiting for its new owner to complete the restoration.

17. 2026-02-22
    status Pending 431-char remark

    Show marketing remark (431 chars)

    Step inside this remarkable home, built in 1880 and boasting over 4,000 square feet! The craftsmanship and charm are a must see. Beautiful hardwood floors, stunning stair rails, pocket doors, and wood beam ceilings await around nearly every turn. The current owner has taken great care to preserve the property, while updating electrical, plumbing, and much more. This home is waiting for its new owner to complete the restoration.

18. 2026-02-15
    listed $55,000 Active 431-char remark

    Show marketing remark (431 chars)

    Step inside this remarkable home, built in 1880 and boasting over 4,000 square feet! The craftsmanship and charm are a must see. Beautiful hardwood floors, stunning stair rails, pocket doors, and wood beam ceilings await around nearly every turn. The current owner has taken great care to preserve the property, while updating electrical, plumbing, and much more. This home is waiting for its new owner to complete the restoration.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥98°F today · 21 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: $140,640
• − Mortgage interest: −$2,521
• − Property taxes: −$675
• − Insurance: −$891
• − Repairs & maintenance: −$11,251
• − Management: −$11,251
• − Depreciation: −$1,309
• Taxable income: $112,741
• Est. tax owed @ 24.0%: −$27,058
• After-tax cash flow: $79,649/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: Bridgeport Exempted Village
• NCES district ID: 3904523
• Math proficiency: 49% ▼ -16.00%
• Reading proficiency: 57% ▼ -8.00%
• Median HH income: $31,819
• Composite: 43.51/100
• National rank: #2992
• State rank: #429 of 656 in OH

Livability — Bridgeport

• Score: 75/100
• State rank: #239
• US rank: #3844

Category grades

Amenities F Commute F 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: Bridgeport, OH
• County: Belmont · 63,139 people
• Metro: Wheeling, WV-OH
• Population (ZIP): 5,852
• Household income: $51,753
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 8.1

Population outlook (Belmont County) Hauer SSP2

• Today (2025): 66,568 people
• By 2030: 64,818 · -2.6%
• By 2040: 60,702 · -8.8%
• By 2050: 56,427 · -15.2%
• By 2075: 46,222 · -30.6%
• By 2100: 34,611 · -48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 6% Black 4% Hispanic / Latino 2%
• Common ancestry: Romanian 8% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Belmont

• 2024 margin: Solid R (+47.3) · D 26.0% · R 73.3%
• 2008→2024 swing: -50.0pp toward R · 2008: 2.7pp · 2024: -47.3pp
• All cycles: 2024: R+47.3 2020: R+43.6 2016: R+39.5 2012: R+8.4 2008: D+2.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.71%
• Current HPI: 159.7811
• 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

3 events — show timeline

• 2026-04-17 Relisted — MLSNOW
• 2026-02-22 Pending — MLSNOW
• 2026-02-15 Listed $55,000 MLSNOW

Property tax history

+17.0%/yr

Latest (2025): $2,370 · +2.3% YoY. Source: county tax records.