217 E Bergey St · Wadsworth, OH 44281

$159,000

2 bd · 1.0 ba · 1,132 sqft · SingleFamily public records · 3 Days on market

Built 1890 6,525 sqft lot $140/sqft · 11% below area Est $179k · 11% under

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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 +15.4/30.0
• ARV discount +12.6/15.0
• Schools +6.5/10.0
• DSCR +4.7/10.0
• Livability +4.1/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you're currently renting or looking for a great addition to your rental portfolio, check out this move-in ready & incredibly affordable home in Wadsworth! Tucked away off the street and adjacent to a wooded and fenced school property, this 1-2 bedroom, 1 bath home offers a covered front porch and nice back deck with a private, wooded view. Large room sizes throughout, including a 15x15 loft on the 2nd floor that could easily be turned into a 2nd bedroom. A bathroom claw-foot tub and newer vanity and fixtures. Vinyl replacement windows throughout, furnace 2011 and A/C 2003. A storage shed at the back of the property offers plenty of room for all of your storage needs, in addition to the full, walk-out basement.

Key facts

• Serene wooded area
• Lvt flooring
• 6,525 sq ft lot

Tags

• PARTIALLY FENCED YARD
• SERENE WOODED AREA
• BASEMENT WATERPROOFING
• NEWLY POURED DRIVEWAY
• NEW DOORWAY THRESHOLDS
• LVT FLOORING

Property features AI

Exterior

• Parking: Concrete parking; No garage; Shared driveway
• Utilities: Public water; Public sewer
• Home design: 2-story home; Vinyl siding; Shingle (asphalt/fiberglass) roof; Home warranty included
• Construction: Built (year from public records); Vinyl siding construction; Asphalt/fiberglass roof; Full unfinished basement with walk-out access
• Exterior features: Deck; Porch; Fire pit; Storage; Partial chain link fencing; Secluded lot on a dead-end street

Interior

• Kitchen: Range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fan(s); Full unfinished walk-out basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $62 ($743/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $132k (17.1% below list).
• Recommended offer: $132k (17.1% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.3% in Wadsworth — 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 82/100 on livability (#74 in OH, #1,136 nationally) — a professional / high-income tenant draw. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Wadsworth City (suburban): math 74% / reading 77% proficiency, ranked #83 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 135 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($89k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y 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.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,849 (17.1% below list)

Questions for the listing agent

1. Built in 1890 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.83% ✗
• Cap rate: 6.76%
• Cash-on-cash: 1.67%
• DSCR: 1.07
• GRM: 10.0

CMA / ARV

• ARV (median comp): $179,298
• List price: $159,000
• Delta: -11.32%
• 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
217 E Bergey St	0.00mi	2/1.0	1,132 (0%)	1mo	$160,000	$141	99
242 E Walnut St	0.15mi	2/2.0	1,044 (-8%)	3mo	$170,000	$163	74
253 E Bergey St	0.09mi	3/1.0 (+1)	1,211 (+7%)	8mo	$175,000	$145	73
196 Chestnut St	0.33mi	3/1.0 (+1)	1,140 (+1%)	12mo	$145,000	$127	68
261 Grandview Ave	0.68mi	3/1.0 (+1)	1,116 (-1%)	8mo	$164,900	$148	54
221 Northpark Dr	0.23mi	3/1.5 (+1)	1,264 (+12%)	10mo	$275,000	$218	54
150 Ohio Ave	0.64mi	3/1.5 (+1)	1,207 (+7%)	4mo	$184,900	$153	49
216 First St	0.60mi	3/1.0 (+1)	1,092 (-4%)	19mo	$107,000	$98	45
118 Rainbow St	0.39mi	3/1.0 (+1)	1,280 (+13%)	13mo	$142,000	$111	44
129 Fairview Ave	0.53mi	3/1.0 (+1)	1,256 (+11%)	10mo	$220,000	$175	43
78 Fairview Ave	0.63mi	3/1.5 (+1)	1,262 (+12%)	11mo	$220,000	$174	35
221 East St	0.50mi	3/2.0 (+1)	1,283 (+13%)	13mo	$175,000	$136	34

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: -13.7%
• Equity multiple: 0.51×
• Total profit: $-21,875
• Equity at exit: $23,707

10-year hold

• IRR: -4.9%
• Equity multiple: 0.68×
• Total profit: $-14,187
• Equity at exit: $13,747

Cash invested: $44,520 (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 44281

• Active inventory: 135
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,318 high
• Mortgage (P&I): −$834
• Tax from tax record: −$80 /mo · $956/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $62

Break-even live

Break-even rent $1,240

Max offer price $159,000

Occupancy floor 90%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
515 Main St Unit UP Wadsworth, OH	1.0	1.0	950	$700	$0.74	1d	1	0.19mi
285 Water St Unit down Wadsworth, OH	2.0	1.0	750	$1,300	$1.73	7d	1	0.30mi
172 1st St Wadsworth, OH	2.0	2.0	1150	$1,950	$1.70	20d	1	0.69mi
466 S Kaser Dr Unit 468 Wadsworth, OH	3.0	1.0	1500	$1,250	$0.83	43d	1	1.27mi
478 S Kaser Dr Unit 478 Wadsworth, OH	2.0	1.0	1000	$1,450	$1.45	10d	1	1.27mi
149 Meadowcreek Dr Wadsworth, OH	2.0	2.5	1100	$1,616	$1.47	1d	1	1.34mi

Listing history 7 events

1. 2026-05-04
   status Pending 1090-char remark
2. 2026-04-30
   listed $159,000 Active 1090-char remark
3. 2018-12-06
   soldstatus $56,000 Sold 728-char remark

   Show marketing remark (728 chars)

   If you're currently renting or looking for a great addition to your rental portfolio, check out this move-in ready & incredibly affordable home in Wadsworth! Tucked away off the street and adjacent to a wooded and fenced school property, this 1-2 bedroom, 1 bath home offers a covered front porch and nice back deck with a private, wooded view. Large room sizes throughout, including a 15x15 loft on the 2nd floor that could easily be turned into a 2nd bedroom. A bathroom claw-foot tub and newer vanity and fixtures. Vinyl replacement windows throughout, furnace 2011 and A/C 2003. A storage shed at the back of the property offers plenty of room for all of your storage needs, in addition to the full, walk-out basement.

4. 2018-12-06
   soldstatus $56,000

   Show marketing remark (728 chars)

   If you're currently renting or looking for a great addition to your rental portfolio, check out this move-in ready & incredibly affordable home in Wadsworth! Tucked away off the street and adjacent to a wooded and fenced school property, this 1-2 bedroom, 1 bath home offers a covered front porch and nice back deck with a private, wooded view. Large room sizes throughout, including a 15x15 loft on the 2nd floor that could easily be turned into a 2nd bedroom. A bathroom claw-foot tub and newer vanity and fixtures. Vinyl replacement windows throughout, furnace 2011 and A/C 2003. A storage shed at the back of the property offers plenty of room for all of your storage needs, in addition to the full, walk-out basement.

5. 2018-11-19
   status Pending 728-char remark

   Show marketing remark (728 chars)

   If you're currently renting or looking for a great addition to your rental portfolio, check out this move-in ready & incredibly affordable home in Wadsworth! Tucked away off the street and adjacent to a wooded and fenced school property, this 1-2 bedroom, 1 bath home offers a covered front porch and nice back deck with a private, wooded view. Large room sizes throughout, including a 15x15 loft on the 2nd floor that could easily be turned into a 2nd bedroom. A bathroom claw-foot tub and newer vanity and fixtures. Vinyl replacement windows throughout, furnace 2011 and A/C 2003. A storage shed at the back of the property offers plenty of room for all of your storage needs, in addition to the full, walk-out basement.

6. 2018-10-29
   historical Contingent 728-char remark

   Show marketing remark (728 chars)

   If you're currently renting or looking for a great addition to your rental portfolio, check out this move-in ready & incredibly affordable home in Wadsworth! Tucked away off the street and adjacent to a wooded and fenced school property, this 1-2 bedroom, 1 bath home offers a covered front porch and nice back deck with a private, wooded view. Large room sizes throughout, including a 15x15 loft on the 2nd floor that could easily be turned into a 2nd bedroom. A bathroom claw-foot tub and newer vanity and fixtures. Vinyl replacement windows throughout, furnace 2011 and A/C 2003. A storage shed at the back of the property offers plenty of room for all of your storage needs, in addition to the full, walk-out basement.

7. 2018-10-18
   listed $59,900 Active 728-char remark

   Show marketing remark (728 chars)

   If you're currently renting or looking for a great addition to your rental portfolio, check out this move-in ready & incredibly affordable home in Wadsworth! Tucked away off the street and adjacent to a wooded and fenced school property, this 1-2 bedroom, 1 bath home offers a covered front porch and nice back deck with a private, wooded view. Large room sizes throughout, including a 15x15 loft on the 2nd floor that could easily be turned into a 2nd bedroom. A bathroom claw-foot tub and newer vanity and fixtures. Vinyl replacement windows throughout, furnace 2011 and A/C 2003. A storage shed at the back of the property offers plenty of room for all of your storage needs, in addition to the full, walk-out basement.

ⓘ 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: $956 · $80/mo
• Projected year-2 tax: $1,718 · $143/mo
• Expected delta: +$762/yr (+$64/mo · 79.8%)

ⓘ 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 2/10 Low 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,822
• − Mortgage interest: −$8,906
• − Property taxes: −$956
• − Insurance: −$795
• − Repairs & maintenance: −$1,266
• − Management: −$1,266
• − Depreciation: −$4,625
• Taxable loss: −$1,992
• Est. tax savings @ 24.0%: +$478
• After-tax cash flow: $1,221/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: Wadsworth City
• NCES district ID: 3910029
• Math proficiency: 74% ▼ -8.00%
• Reading proficiency: 77% ▼ -6.00%
• Median HH income: $62,397
• Composite: 65.1/100
• National rank: #499
• State rank: #83 of 656 in OH

Livability — Wadsworth

• Score: 82/100
• State rank: #74
• US rank: #1136

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wadsworth, OH
• County: Medina County · 145,517 people
• City population: 34,704
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 34,704
• Household income: $89,131
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 597.0

Population outlook (Medina County) Hauer SSP2

• Today (2025): 185,249 people
• By 2030: 188,174 · +1.6%
• By 2040: 190,350 · +2.8%
• By 2050: 187,283 · +1.1%
• By 2075: 177,108 · -4.4%
• By 2100: 151,304 · -18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Asian 1%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1% Other Asian/Pacific 0%

Political lean MEDSL · Medina

• 2024 margin: Strong R (+24.8) · D 37.2% · R 62.0%
• 2008→2024 swing: -16.8pp toward R · 2008: -8.0pp · 2024: -24.8pp
• All cycles: 2024: R+24.8 2020: R+23.4 2016: R+24.9 2012: R+13.1 2008: R+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.82%
• Current HPI: 253.1502
• Rent YoY: —
• Metro: Cleveland-Elyria, OH
• 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

+167.1% since first listed

9 events — show timeline

• 2026-05-26 Sold (Public Records) $160,000 Public Records
• 2026-05-22 Sold (MLS) $160,000 MLSNOW
• 2026-05-04 Pending — MLSNOW
• 2026-04-30 Listed $159,000 MLSNOW
• 2018-12-06 Sold (Public Records) $56,000 Public Records
• 2018-12-06 Sold (MLS) $56,000 MLSNOW
• 2018-11-19 Pending — MLSNOW
• 2018-10-29 Contingent — MLSNOW
• 2018-10-18 Listed $59,900 MLSNOW

Property tax history

+6.0%/yr

Latest (2025): $956 · -0.4% YoY. Source: county tax records.