363 Spring St · Struthers, OH 44471

$77,877

2 bd · 1.0 ba · 840 sqft · SingleFamily public records · 4 Days on market

Built 1923 8,450 sqft lot Est $117k · 33% 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
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Schools +4.0/10.0
• Livability +3.6/5.0
• Appreciation +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This one story home features 2 bedrooms, living room, formal dining room, extra room, full basement, large back yard

Key facts

• Foyer
• Kitchen
• Living room

Tags

• LIVING ROOM
• KITCHEN
• BONUS ROOM
• FOYER
• FIRST FLOOR BEDROOMS
• BASEMENT

Property features AI

Exterior

• Parking: Detached garage; Driveway; Garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-story; Faces south
• Construction: Built as of appraiser records; Asphalt and block construction; Asphalt/fiberglass roof
• Exterior features: Private yard; Fire pit; Back yard; City lot

Interior

• Kitchen: Range
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced-air heating; Gas heating
• Interior features: Ceiling fans; High ceilings; Laminate counters; Double-pane windows; Full basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $294 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Cap rate 10.8% vs local median 6.4% in Struthers — 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 71/100 on livability (#418 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: commute C-, amenities F, employment F.
• Struthers City (suburban): math 45% / reading 52% proficiency, ranked #475 of 656 in OH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 66 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $539 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Mahoning County population projected at -14% 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 $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 22y 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 $78k implies a 169% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $77,877

Questions for the listing agent

1. Built in 1923 — 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 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?
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: 1.31% ✓
• Cap rate: 10.82%
• Cash-on-cash: 16.16%
• DSCR: 1.72
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $116,760
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
608 Maplewood Ave	0.47mi	3/1.0 (+1)	864 (+3%)	6mo	$120,000	$139	63
297 Overlook Blvd	0.37mi	3/1.0 (+1)	832 (-1%)	19mo	$92,700	$111	60
2541 W Manor Ave	0.71mi	2/1.0	832 (-1%)	7mo	$130,000	$156	60
610 Elm St	0.47mi	3/1.0 (+1)	768 (-9%)	1mo	$109,000	$142	58
521 6th St	0.31mi	2/2.0	750 (-11%)	9mo	$119,900	$160	56
724 8th St	0.15mi	3/1.0 (+1)	960 (+14%)	11mo	$130,000	$135	55
231 Overlook Blvd	0.41mi	3/2.0 (+1)	960 (+14%)	8mo	$154,000	$160	42
4812 Irma Ave	0.72mi	2/1.0	960 (+14%)	9mo	$128,000	$133	35
180 Poland Ave	0.71mi	3/1.5 (+1)	952 (+13%)	6mo	$57,300	$60	33

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: 7.1%
• Equity multiple: 1.28×
• Total profit: $6,080
• Equity at exit: $11,612

10-year hold

• IRR: 16.5%
• Equity multiple: 2.35×
• Total profit: $29,376
• Equity at exit: $6,733

Cash invested: $21,806 (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 44471

• Home prices YoY: -1.5%
• Active inventory: 66
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,024 high
• Mortgage (P&I): −$408
• Tax from tax record: −$74 /mo · $892/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$215
• Net cashflow: $294

Break-even live

Break-even rent $652

Max offer price $77,877

Occupancy floor 66%

Sensitivity live

Price	-10% $338	-5% $316	+0% $294	+5% $272	+10% $249
Rent	-10% $213	-5% $253	+0% $294	+5% $334	+10% $374
Rate	-1.0pp $333	-0.5pp $313	base $294	+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: $19,469
• Closing costs: $2,336
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
610 Elm St Struthers, OH	3.0	1.0	1050	$1,500	$1.43	13d	1	0.46mi
2523 E Midlothian Blvd Apt 5 Struthers, OH	2.0	1.0	750	$800	$1.07	14d	1	0.55mi
61 Crescent Dr Struthers, OH	2.0	1.0	670	$650	$0.97	14d	1	0.67mi
2002 Brownlee Ave Youngstown, OH	1.0	1.0	820	$875	$1.07	44d	1	0.75mi
1914 S Heights Ave Youngstown, OH	3.0	1.0	1115	$1,950	$1.75	44d	1	0.99mi
1803 Pointview Ave Youngstown, OH	2.0	1.0	950	$1,000	$1.05	44d	1	1.09mi
2063 Wolosyn Cir Unit 1 Poland, OH	1.0	1.5	705	$800	$1.13	21d	1	1.11mi
240 Center St #3 Struthers, OH	2.0	1.0	855	$600	$0.70	13d	1	1.25mi

Listing history 4 events

1. 2026-06-09
   status $77,877 Pending 4 DOM
2. 2026-06-08
   days on market $77,877 Active 4 DOM
3. 2026-06-07
   remarks 699-char remark
4. 2026-06-07
   listed $77,877 Active 3 DOM

ⓘ 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: $892 · $74/mo
• Projected year-2 tax: $1,054 · $88/mo
• Expected delta: +$161/yr (+$13/mo · 18.1%)

ⓘ 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 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,285
• − Mortgage interest: −$4,362
• − Property taxes: −$892
• − Insurance: −$389
• − Repairs & maintenance: −$983
• − Management: −$983
• − Depreciation: −$2,266
• Taxable income: $2,410
• Est. tax owed @ 24.0%: −$578
• After-tax cash flow: $2,944/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: Struthers City
• NCES district ID: 3904485
• Math proficiency: 45% ▼ -12.00%
• Reading proficiency: 52% ▼ -8.00%
• Median HH income: $37,753
• Composite: 40.35/100
• National rank: #3742
• State rank: #475 of 656 in OH

Livability — Struthers

• Score: 71/100
• State rank: #418
• US rank: #6867

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Struthers, OH
• County: Mahoning · 224,175 people
• City population: 10,296
• Metro: Youngstown-Warren, OH
• Population (ZIP): 10,296
• Household income: $52,811
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 12.2

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: Predominantly White (82%)
• Race & ethnicity: White 82% Hispanic / Latino 8% Two or more races 8% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5%
• Common ancestry: Romanian 8% Lithuanian 4% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4% Arabic 1% Other Indo-European 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: ▼ -4.12%
• Current HPI: 274.6394
• 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

+53.0% since first listed

9 events — show timeline

• 2026-06-04 Listed $77,877 MLSNOW
• 2021-01-04 Listing Removed — MLSNOW
• 2021-01-02 Relisted — MLSNOW
• 2020-02-18 Listing Removed — MLSNOW
• 2020-02-18 Listed $52,000 MLSNOW
• 2006-06-02 Sold (MLS) $28,900 MLSNOW
• 2006-04-09 Listed $28,900 MLSNOW
• 2005-02-22 Listing Removed — MLSNOW
• 2004-02-23 Listed $50,900 MLSNOW

Property tax history

+2.7%/yr

Latest (2025): $892 · -0.0% YoY. Source: county tax records.