559 Redondo Rd · Youngstown, OH 44504

$59,900

4 bd · 1.0 ba · 1,720 sqft · SingleFamily public records · 2 Days on market

Built 1924 7,492 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.4/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks

A lil TLC, some creativity & you'll make this a spacious 3 bedroom 1 bath home on the Northside with the VA services in your backyard. Home features carpeting & original hardwood trim throughout. The large enclosed front porch is a great place to relax and enjoy the neighborhood scenes. Large livingroom and diningroom with builit-ins on main floor including the Kitchen with space to add a sitting area and/or pantry. Upstairs features a full large bathroom with bonus room attached, 3 bedrooms with 2 large closets in the primary bedroom. The Basement is an open slate with great storage space, laundry area with a newer furnace and a sump pump. There's also an oversized attached 2.5

Key facts

• Open slate basement
• Large livingroom
• Great storage space

Tags

• ENCLOSED FRONT PORCH
• ORIGINAL HARDWOOD TRIM
• LARGE LIVINGROOM
• DININGROOM WITH BUILT-INS
• OPEN SLATE BASEMENT
• GREAT STORAGE SPACE

Property features AI

Finance

• HOA & community: Street lights; Sidewalks

Exterior

• Parking: Attached garage; Approximately 2.5 garage spaces
• Utilities: Public water; Public sewer
• Home design: 2-story home; Fixer condition
• Construction: Asphalt and block construction materials; Block and brick/mortar foundation; Asphalt fiberglass roof; Built in (year source: public records)
• Exterior features: Enclosed patio/porch; Front porch; Patio; Porch; Back yard; Front yard; City lot; Has view

Interior

• Kitchen: Pantry (first level)
• Bedrooms: Bedroom on second level
• Bathrooms: 1 full bathroom
• Interior features: Built-in features; Pantry; Decorative fireplace
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $376 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Cap rate 13.8% 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: 28 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($40k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $4k of equity ($414 loan paydown + $4k appreciation (6.7% local appreciation)).
• Mahoning County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (6.7% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 33y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $29k; list at $60k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $59,900

Questions for the listing agent

1. Built in 1924 — 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. 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?
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: 1.70% ✓
• Cap rate: 13.83%
• Cash-on-cash: 26.90%
• DSCR: 2.20
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $151,360
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
487 Carlotta Dr	0.35mi	3/2.5 (-1)	1,711 (-0%)	11mo	$145,000	$85	62
1841 Goleta Ave	0.41mi	5/1.5 (+1)	1,840 (+7%)	6mo	$100,000	$54	58
495 Madera Ave	0.30mi	3/2.0 (-1)	1,868 (+9%)	10mo	$176,000	$94	54
2242 Cordova Ave	0.73mi	3/1.0 (-1)	1,593 (-7%)	2mo	$70,000	$44	47
2314 Goleta Ave	0.53mi	3/1.5 (-1)	1,599 (-7%)	14mo	$140,000	$88	45
1863 Selma Ave	0.55mi	5/1.5 (+1)	1,632 (-5%)	19mo	$170,000	$104	43
437 Madera Ave	0.38mi	5/2.5 (+1)	1,969 (+14%)	9mo	$190,000	$96	39
184 Wirt St	0.75mi	3/2.0 (-1)	1,550 (-10%)	13mo	$134,000	$86	29

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

Projected returns pro-forma

6.72% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 39.3%
• Equity multiple: 3.62×
• Total profit: $43,869
• Equity at exit: $40,423

10-year hold

• IRR: 36.0%
• Equity multiple: 7.54×
• Total profit: $109,764
• Equity at exit: $75,820

Cash invested: $16,772 (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 44504

• Home prices YoY: 4.0%
• Active inventory: 28
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,018 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$89 /mo · $1,073/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $376

Break-even live

Break-even rent $542

Max offer price $59,900

Occupancy floor 58%

Sensitivity live

Price	-10% $410	-5% $393	+0% $376	+5% $359	+10% $342
Rent	-10% $296	-5% $336	+0% $376	+5% $416	+10% $456
Rate	-1.0pp $406	-0.5pp $391	base $376	+0.5pp $361	+1.0pp $345

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
171 Upland Ave Unit 171 2nd floor Youngstown, OH	3.0	1.0	1100	$1,040	$0.95	14d	1	1.04mi
176 Upland Ave Unit 1 Youngstown, OH	4.0	2.0	1300	$1,225	$0.94	44d	1	1.04mi
351 Lincoln Ave Youngstown, OH	3.0–5.0	3.0–5.0	1527	$760	$0.50	14d	10	1.40mi

Listing history 4 events

1. 2026-04-30
   status Pending
2. 2026-04-28
   listed $59,900 Active
3. 1994-10-14
   soldstatus $29,000
4. 1993-10-09
   listed $31,900

ⓘ 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: $1,073 · $89/mo
• Projected year-2 tax: $1,073 · $89/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: $12,220
• − Mortgage interest: −$3,355
• − Property taxes: −$1,073
• − Insurance: −$300
• − Repairs & maintenance: −$978
• − Management: −$978
• − Depreciation: −$1,743
• Taxable income: $3,795
• Est. tax owed @ 24.0%: −$911
• After-tax cash flow: $3,602/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 · 224,175 people
• City population: 28,503
• Metro: Youngstown-Warren, OH
• Population (ZIP): 5,185
• Household income: $40,156
• Rent vs Own: 58.9% rent · 41.1% own
• Severe rent burden: 15.7

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 45% Black 38% Two or more races 8% Asian 5% Hispanic / Latino 4%
• Common ancestry: Italian 4% Serbian 1% Romanian 1%
• Foreign-born: 7% · Canada, Dominican Republic, South Korea
• Languages at home: 93% English-only · Other Indo-European 4% Spanish 1%

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: ▲ 6.72%
• Current HPI: 174.9495
• 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

+87.8% since first listed

4 events — show timeline

• 2026-04-30 Pending — MLSNOW
• 2026-04-28 Listed $59,900 MLSNOW
• 1994-10-14 Sold (Public Records) $29,000 Public Records
• 1993-10-09 Listed $31,900 MLSNOW

Property tax history

+77.1%/yr

Latest (2025): $1,073 · -11.9% YoY. Source: county tax records.