3362 Main St · Mineral Ridge, OH 44440

$119,900

2 bd · 1.0 ba · 1,129 sqft · SingleFamily public records · 66 Days on market

Built 1930 0.89 ac lot

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Why this score? — see what drove the D 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 +13.7/30.0
• ARV discount +7.5/15.0
• Schools +5.5/10.0
• DSCR +4.1/10.0
• Livability +3.4/5.0
• 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

This charming Cape Cod home offers incredible potential with solid bones and timeless character throughout. Featuring beautiful original woodwork, this home is perfect for buyers looking to add their personal touch and build equity. Major mechanical updates are already in place, including a newer furnace and hot water tank, giving you a strong foundation to start from. Situated on a generously sized lot, the property also includes a detached garage and plenty of outdoor space for future possibilities. Located in the desirable Mineral Ridge School District, this home is a fantastic opportunity for investors, renovators, or anyone looking to create their dream home. Don’t miss your chan

Key facts

• Hot water tank
• Newer furnace
• Outdoor space

Tags

• ORIGINAL WOODWORK
• NEWER FURNACE
• HOT WATER TANK
• DETACHED GARAGE
• OUTDOOR SPACE
• MINERAL RIDGE SCHOOL DISTRICT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $9 ($110/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 $99k (17.5% below list).
• Recommended offer: $99k (17.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#600 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-, schools B+; Watch: amenities F, commute F, health & safety F.
• Weathersfield Local (suburban): math 63% / reading 68% proficiency, ranked #209 of 656 in OH (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 15 active listings in the ZIP; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($68k/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 $829 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $44k; list at $120k implies a 172% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $98,926 (17.5% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. Schools are B-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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 6.38%
• Cash-on-cash: 0.33%
• DSCR: 1.01
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $60,966
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3579 Bee St	0.44mi	3/1.0 (+1)	1,098 (-3%)	7mo	$58,800	$54	64
3484 Main St	0.24mi	3/2.5 (+1)	1,296 (+15%)	2mo	$150,000	$116	52
1534 Salt Springs Rd	0.39mi	2/1.0	972 (-14%)	21mo	$29,000	$30	41

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: -15.8%
• Equity multiple: 0.44×
• Total profit: $-18,866
• Equity at exit: $17,877

10-year hold

• IRR: -7.4%
• Equity multiple: 0.53×
• Total profit: $-15,758
• Equity at exit: $10,367

Cash invested: $33,572 (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 44440

• Home prices YoY: -25.7%
• Active inventory: 15
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $989 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$94 /mo · $1,124/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $9

Break-even live

Break-even rent $978

Max offer price $119,900

Occupancy floor 94%

Sensitivity live

Price	-10% $77	-5% $43	+0% $9	+5% $-25	+10% $-59
Rent	-10% $-69	-5% $-30	+0% $9	+5% $48	+10% $87
Rate	-1.0pp $70	-0.5pp $40	base $9	+0.5pp $-22	+1.0pp $-54

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-07
   statusdays on market $119,900 Pending 66 DOM
2. 2026-06-03
   days on market $119,900 Contingent 65 DOM
3. 2026-06-02
   days on market $119,900 Contingent 64 DOM
4. 2026-06-01
   days on market $119,900 Contingent 63 DOM
5. 2026-05-31
   days on market $119,900 Contingent 62 DOM
6. 2026-05-30
   days on market $119,900 Contingent 61 DOM
7. 2026-04-04
   historical Contingent
8. 2026-03-28
   listed $119,900 Active
9. 1984-09-05
   soldstatus $44,000

ⓘ 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: $1,124 · $94/mo
• Projected year-2 tax: $1,497 · $125/mo
• Expected delta: +$373/yr (+$31/mo · 33.2%)

ⓘ 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 · 17 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: $11,871
• − Mortgage interest: −$6,716
• − Property taxes: −$1,124
• − Insurance: −$600
• − Repairs & maintenance: −$950
• − Management: −$950
• − Depreciation: −$3,488
• Taxable loss: −$1,956
• Est. tax savings @ 24.0%: +$469
• After-tax cash flow: $579/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: Weathersfield Local
• NCES district ID: 3905025
• Math proficiency: 63% ▼ -14.00%
• Reading proficiency: 68% ▼ -7.00%
• Median HH income: $48,310
• Composite: 55.46/100
• National rank: #1247
• State rank: #209 of 656 in OH

Livability — Mineral Ridge

• Score: 67/100
• State rank: #600
• US rank: #10257

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mineral Ridge, OH
• County: Trumbull · 193,293 people
• Metro: Youngstown-Warren, OH
• Population (ZIP): 4,932
• Household income: $67,805
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 13.0

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 (95%)
• Race & ethnicity: White 95% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 5% Slovak 2% Polish 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -71.36%
• Current HPI: 206.3338
• 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

+172.5% since first listed

3 events — show timeline

• 2026-04-04 Contingent — MLSNOW
• 2026-03-28 Listed $119,900 MLSNOW
• 1984-09-05 Sold (Public Records) $44,000 Public Records

Property tax history

+4.1%/yr

Latest (2025): $1,124 · -1.0% YoY. Source: county tax records.