956 Bank St · East Liverpool, OH 43920

$40,000

3 bd · 2.0 ba · 1,542 sqft · SingleFamily public records · 216 Days on market

Built 1900 5,227 sqft lot $26/sqft · 50% below area Est $80k · 50% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 Story home with 3 bedrooms, 1 full bath and 1 half bath. Property sold as is. No guarantees. No warranties. Must be pre-approved or show proof of funds. All initial offers must be submitted via website provided by the BUYER AGENT ONLY. Please be advised that any offers on this property require a minimum Earnest Money Deposit.

Key facts

• 5,227 sq ft lot
• Built 1900
• Listed 216 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $675 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.
• Cap rate 26.5% vs local median 9.8% in East Liverpool — 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 67/100 on livability (#613 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment F.
• East Liverpool City (town): math 28% / reading 37% proficiency, ranked #571 of 656 in OH (top 87%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 114 active listings in the ZIP; 49 units permitted in Columbiana County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $277 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Columbiana County population projected at -23% 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 216 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 16y ago; this cycle's ask has dropped $10k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 216 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 1900 — 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. 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.
6. 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.
7. 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: 3.02% ✓
• Cap rate: 26.54%
• Cash-on-cash: 72.32%
• DSCR: 4.22
• GRM: 2.8

CMA / ARV

• ARV (median comp): $79,940
• List price: $40,000
• Delta: -49.96%
• 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
730 Avondale St	0.22mi	3/1.0	1,560 (+1%)	8mo	$27,000	$17	77
822 Avondale St	0.20mi	4/1.5 (+1)	1,608 (+4%)	1mo	$85,000	$53	76
822 Riverview St	0.14mi	4/1.5 (+1)	1,560 (+1%)	13mo	$70,000	$45	73
938 Ambrose Ave	0.15mi	4/1.5 (+1)	1,640 (+6%)	4mo	$54,000	$33	72
346 E 8th St	0.47mi	3/1.0	1,536 (-0%)	3mo	$20,000	$13	71
420 Vine St	0.32mi	3/1.5	1,440 (-7%)	3mo	$119,000	$83	70
921 Orchard Grove Ave	0.47mi	3/1.0	1,588 (+3%)	2mo	$72,000	$45	68
920 Mckinnon Ave	0.39mi	2/1.5 (-1)	1,400 (-9%)	4mo	$55,000	$39	56
1519 Saint Clair Ave	0.54mi	3/1.5	1,658 (+8%)	6mo	$110,000	$66	55
755 Minerva St	0.16mi	2/1.0 (-1)	1,320 (-14%)	6mo	$87,700	$66	54
562 California Ave	0.72mi	3/2.0	1,376 (-11%)	9mo	$133,000	$97	41
1714 Allison St	0.68mi	3/1.0	1,328 (-14%)	4mo	$118,500	$89	38

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: 72.0%
• Equity multiple: 4.26×
• Total profit: $36,529
• Equity at exit: $5,964

10-year hold

• IRR: 75.9%
• Equity multiple: 8.79×
• Total profit: $87,248
• Equity at exit: $3,458

Cash invested: $11,200 (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 43920

• Home prices YoY: -29.3%
• Active inventory: 114
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,208 medium
• Mortgage (P&I): −$210
• Tax from tax record: −$53 /mo · $630/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $675

Break-even live

Break-even rent $353

Max offer price $40,000

Occupancy floor 39%

Sensitivity live

Price	-10% $698	-5% $686	+0% $675	+5% $664	+10% $652
Rent	-10% $580	-5% $627	+0% $675	+5% $723	+10% $770
Rate	-1.0pp $695	-0.5pp $685	base $675	+0.5pp $665	+1.0pp $654

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $40,000 Active 216 DOM
2. 2026-06-17
   days on market $40,000 Active 215 DOM
3. 2026-06-16
   days on market $40,000 Active 214 DOM
4. 2026-06-15
   days on market $40,000 Active 213 DOM
5. 2026-06-13
   days on market $40,000 Active 211 DOM
6. 2026-06-09
   days on market $40,000 Active 207 DOM
7. 2026-06-08
   days on market $40,000 Active 206 DOM
8. 2026-06-07
   days on market $40,000 Active 205 DOM
9. 2026-06-03
   days on market $40,000 Active 201 DOM
10. 2026-06-02
    days on market $40,000 Active 200 DOM
11. 2026-06-01
    days on market $40,000 Active 199 DOM
12. 2026-05-31
    days on market $40,000 Active 198 DOM
13. 2026-04-27
    price $40,000 329-char remark

    Show marketing remark (329 chars)

    2 Story home with 3 bedrooms, 1 full bath and 1 half bath. Property sold as is. No guarantees. No warranties. Must be pre-approved or show proof of funds. All initial offers must be submitted via website provided by the BUYER AGENT ONLY. Please be advised that any offers on this property require a minimum Earnest Money Deposit.

14. 2025-11-14
    listed $49,990 Active 329-char remark

    Show marketing remark (329 chars)

    2 Story home with 3 bedrooms, 1 full bath and 1 half bath. Property sold as is. No guarantees. No warranties. Must be pre-approved or show proof of funds. All initial offers must be submitted via website provided by the BUYER AGENT ONLY. Please be advised that any offers on this property require a minimum Earnest Money Deposit.

15. 2025-06-09
    soldstatus $44,690
16. 2016-10-14
    soldstatus $37,500
17. 2010-10-13
    soldstatus $5,371
18. 2010-10-02
    historical
19. 2010-07-02
    listed $24,900
20. 1997-09-02
    soldstatus $25,000

ⓘ 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: $630 · $53/mo
• Projected year-2 tax: $630 · $53/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,490
• − Mortgage interest: −$2,241
• − Property taxes: −$630
• − Insurance: −$200
• − Repairs & maintenance: −$1,159
• − Management: −$1,159
• − Depreciation: −$1,164
• Taxable income: $7,937
• Est. tax owed @ 24.0%: −$1,905
• After-tax cash flow: $6,195/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: East Liverpool City
• NCES district ID: 3904391
• Math proficiency: 28% ▼ -16.00%
• Reading proficiency: 37% ▼ -10.00%
• Median HH income: $34,021
• Composite: 26.72/100
• National rank: #7148
• State rank: #571 of 656 in OH

Livability — East Liverpool

• Score: 67/100
• State rank: #613
• US rank: #10580

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Liverpool, OH
• County: Columbiana · 99,532 people
• Population (ZIP): 21,124
• Household income: $50,820
• Rent vs Own: 31.0% rent · 69.0% own
• Severe rent burden: 12.6

Population outlook (Columbiana County) Hauer SSP2

• Today (2025): 98,353 people
• By 2030: 94,225 · -4.2%
• By 2040: 85,169 · -13.4%
• By 2050: 76,157 · -22.6%
• By 2075: 58,451 · -40.6%
• By 2100: 42,805 · -56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 6% Black 3% Hispanic / Latino 1%
• Common ancestry: Romanian 2% Slovak 2% Serbian 2%
• Foreign-born: 0%

Political lean MEDSL · Columbiana

• 2024 margin: Solid R (+49.0) · D 25.1% · R 74.1%
• 2008→2024 swing: -41.4pp toward R · 2008: -7.6pp · 2024: -49.0pp
• All cycles: 2024: R+49.0 2020: R+44.9 2016: R+41.6 2012: R+12.0 2008: R+7.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.53%
• Current HPI: 196.3908
• 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

+60.0% since first listed

8 events — show timeline

• 2026-04-27 Price Changed $40,000 MLSNOW
• 2025-11-14 Listed $49,990 MLSNOW
• 2025-06-09 Sold (Public Records) $44,690 Public Records
• 2016-10-14 Sold (Public Records) $37,500 Public Records
• 2010-10-13 Sold (Public Records) $5,371 Public Records
• 2010-10-02 Listing Removed — MLSNOW
• 2010-07-02 Listed $24,900 MLSNOW
• 1997-09-02 Sold (Public Records) $25,000 Public Records

Property tax history

+2.4%/yr

Latest (2025): $630 · +8.9% YoY. Source: county tax records.