2512 Wick St SE · Warren, OH 44484

$74,900

3 bd · 1.5 ba · 1,560 sqft · SingleFamily public records · 175 Days on market

Built 1978 0.36 ac lot $48/sqft · 30% below area Est $108k · 30% under ↓ 6% 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
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this 3-bedroom, 1.5-bath multi-level single-family home in the city of Warren, OH. This property offers solid potential for the right buyer—whether you're looking to add value through updates or hold it as a long-term investment. With 3 bedrooms, and a functional 1.5-bath layout, this home provides a strong foundation for your next project. Put in your own sweat equity to create a fresh start, modernize the space, and unlock the full potential this property has to offer. If you're building your portfolio or searching for your next opportunity, this one is worth a look!

Key facts

• 0.36 acre lot
• 2 garage spots
• Built 1978

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $292 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($971 rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 5.9% in Warren — 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 73/100 on livability (#312 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime D-, commute F, employment F.
• Warren City (urban): math 22% / reading 32% proficiency, ranked #599 of 656 in OH (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Willard Avenue Pk-8 School (math 19% / reading 30%, grade F, #1,217 of 1,584 statewide, top 78%, 877 students, 0% FRL); Warren G Harding High School (math 16% / reading 32%, grade F, #665 of 781 statewide, top 85%, 1,155 students, 0% FRL) — zoned schools average 0% FRL vs 75% district-wide (75 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 90 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($65k/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 $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Trumbull County population projected at -22% 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 ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 175 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $15k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; 50% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $65,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 175 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 1978 — 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 D 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: 1.30% ✓
• Cap rate: 10.98%
• Cash-on-cash: 16.73%
• DSCR: 1.74
• GRM: 6.4

CMA / ARV

• ARV (median comp): $107,749
• List price: $74,900
• Delta: -30.49%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2640 Brier St SE	0.10mi	3/2.5	1,499 (-4%)	15mo	$125,000	$83	72
1087 Perkinswood Blvd SE	0.63mi	3/2.0	1,488 (-5%)	1mo	$150,000	$101	60
1322 Westover Dr SE	0.70mi	3/1.5	1,507 (-3%)	11mo	$228,000	$151	53
1269 Perkinswood Blvd SE	0.55mi	3/1.5	1,452 (-7%)	18mo	$102,000	$70	48
3034 Valacamp	0.69mi	4/2.0 (+1)	1,595 (+2%)	17mo	$235,000	$147	42

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: 7.9%
• Equity multiple: 1.31×
• Total profit: $6,475
• Equity at exit: $11,168

10-year hold

• IRR: 17.1%
• Equity multiple: 2.41×
• Total profit: $29,571
• Equity at exit: $6,476

Cash invested: $20,972 (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 44484

• Home prices YoY: -17.5%
• Active inventory: 90
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $971 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$50 /mo · $604/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$204
• Net cashflow: $292

Break-even live

Break-even rent $600

Max offer price $74,900

Occupancy floor 65%

Sensitivity live

Price	-10% $335	-5% $314	+0% $292	+5% $271	+10% $250
Rent	-10% $216	-5% $254	+0% $292	+5% $331	+10% $369
Rate	-1.0pp $330	-0.5pp $311	base $292	+0.5pp $273	+1.0pp $253

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1151 Kenilworth Ave SE Warren, OH	2.0	1.0	1207	$900	$0.75	15d	1	0.71mi
341 Charles AVE Warren, OH	3.0	1.0	1232	$1,100	$0.89	45d	1	1.32mi

Listing history 23 events

1. 2026-06-22
   days on market $74,900 Active 175 DOM
2. 2026-06-19
   days on market $74,900 Active 173 DOM
3. 2026-06-18
   days on market $74,900 Active 172 DOM
4. 2026-06-17
   days on market $74,900 Active 171 DOM
5. 2026-06-16
   days on market $74,900 Active 170 DOM
6. 2026-06-15
   days on market $74,900 Active 169 DOM
7. 2026-06-14
   days on market $74,900 Active 167 DOM
8. 2026-06-13
   pricedays on market $74,900 Active 166 DOM
9. 2026-06-10
   days on market $79,900 Active 164 DOM
10. 2026-06-09
    days on market $79,900 Active 163 DOM
11. 2026-06-08
    days on market $79,900 Active 162 DOM
12. 2026-06-07
    days on market $79,900 Active 161 DOM
13. 2026-06-05
    days on market $79,900 Active 158 DOM
14. 2026-06-02
    days on market $79,900 Active 156 DOM
15. 2026-06-01
    days on market $79,900 Active 155 DOM
16. 2026-05-31
    days on market $79,900 Active 154 DOM
17. 2026-05-30
    days on market $79,900 Active 153 DOM
18. 2026-05-04
    status Active 590-char remark

    Show marketing remark (590 chars)

    Come see this 3-bedroom, 1.5-bath multi-level single-family home in the city of Warren, OH. This property offers solid potential for the right buyer—whether you're looking to add value through updates or hold it as a long-term investment. With 3 bedrooms, and a functional 1.5-bath layout, this home provides a strong foundation for your next project. Put in your own sweat equity to create a fresh start, modernize the space, and unlock the full potential this property has to offer. If you're building your portfolio or searching for your next opportunity, this one is worth a look!

19. 2026-02-21
    historical Contingent 590-char remark

    Show marketing remark (590 chars)

    Come see this 3-bedroom, 1.5-bath multi-level single-family home in the city of Warren, OH. This property offers solid potential for the right buyer—whether you're looking to add value through updates or hold it as a long-term investment. With 3 bedrooms, and a functional 1.5-bath layout, this home provides a strong foundation for your next project. Put in your own sweat equity to create a fresh start, modernize the space, and unlock the full potential this property has to offer. If you're building your portfolio or searching for your next opportunity, this one is worth a look!

20. 2026-02-12
    price $84,900 590-char remark

    Show marketing remark (590 chars)

    Come see this 3-bedroom, 1.5-bath multi-level single-family home in the city of Warren, OH. This property offers solid potential for the right buyer—whether you're looking to add value through updates or hold it as a long-term investment. With 3 bedrooms, and a functional 1.5-bath layout, this home provides a strong foundation for your next project. Put in your own sweat equity to create a fresh start, modernize the space, and unlock the full potential this property has to offer. If you're building your portfolio or searching for your next opportunity, this one is worth a look!

21. 2026-01-31
    status Active 590-char remark

    Show marketing remark (590 chars)

    Come see this 3-bedroom, 1.5-bath multi-level single-family home in the city of Warren, OH. This property offers solid potential for the right buyer—whether you're looking to add value through updates or hold it as a long-term investment. With 3 bedrooms, and a functional 1.5-bath layout, this home provides a strong foundation for your next project. Put in your own sweat equity to create a fresh start, modernize the space, and unlock the full potential this property has to offer. If you're building your portfolio or searching for your next opportunity, this one is worth a look!

22. 2025-12-01
    soldstatus $50,000
23. 2025-11-16
    listed $89,900 Active 590-char remark

    Show marketing remark (590 chars)

    Come see this 3-bedroom, 1.5-bath multi-level single-family home in the city of Warren, OH. This property offers solid potential for the right buyer—whether you're looking to add value through updates or hold it as a long-term investment. With 3 bedrooms, and a functional 1.5-bath layout, this home provides a strong foundation for your next project. Put in your own sweat equity to create a fresh start, modernize the space, and unlock the full potential this property has to offer. If you're building your portfolio or searching for your next opportunity, this one is worth a look!

ⓘ 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: $604 · $50/mo
• Projected year-2 tax: $886 · $74/mo
• Expected delta: +$282/yr (+$24/mo · 46.7%)

ⓘ 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 · 15 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: $11,647
• − Mortgage interest: −$4,196
• − Property taxes: −$604
• − Insurance: −$374
• − Repairs & maintenance: −$932
• − Management: −$932
• − Depreciation: −$2,179
• Taxable income: $2,430
• Est. tax owed @ 24.0%: −$583
• After-tax cash flow: $2,926/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: Warren City
• NCES district ID: 3904499
• Math proficiency: 22% ▼ -16.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $28,222
• Composite: 21.6/100
• National rank: #8299
• State rank: #599 of 656 in OH

Livability — Warren

• Score: 73/100
• State rank: #312
• US rank: #5068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warren, OH
• County: Trumbull · 193,293 people
• City population: 25,805
• Metro: Youngstown-Warren, OH
• Population (ZIP): 21,634
• Household income: $65,435
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 6.7

Population outlook (Trumbull County) Hauer SSP2

• Today (2025): 191,696 people
• By 2030: 184,015 · -4.0%
• By 2040: 166,810 · -13.0%
• By 2050: 149,857 · -21.8%
• By 2075: 115,769 · -39.6%
• By 2100: 83,617 · -56.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 8% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Lithuanian 2% Serbian 1%
• Foreign-born: 3% · China, Canada
• Languages at home: 96% English-only · Other Indo-European 2% Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Trumbull

• 2024 margin: R (+16.8) · D 41.2% · R 58.0%
• 2008→2024 swing: -39.2pp toward R · 2008: 22.4pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+10.6 2016: R+6.4 2012: D+22.2 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -46.24%
• Current HPI: 217.6603
• 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

-5.6% since first listed

6 events — show timeline

• 2026-05-04 Relisted — MLSNOW
• 2026-02-21 Contingent — MLSNOW
• 2026-02-12 Price Changed $84,900 MLSNOW
• 2026-01-31 Relisted — MLSNOW
• 2025-12-01 Sold (Public Records) $50,000 Public Records
• 2025-11-16 Listed $89,900 MLSNOW

Property tax history

+2.8%/yr

Latest (2025): $604 · -0.9% YoY. Source: county tax records.