5211 Hecock Ave · Lorain, OH 44055

$119,900

3 bd · 1.5 ba · 1,374 sqft · SingleFamily public records · 153 Days on market

Built 1955 0.39 ac lot $87/sqft · 35% below area Est $183k · 35% 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 +18.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +4.8/10.0
• Livability +3.4/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don’t miss this 1,374 sq ft ranch-style home offering 3 bedrooms and 1.5 baths with the ease and comfort of true one-floor living. This home offers a spacious living room and a functional layout making everyday living simple and efficient. Outside, enjoy a large backyard with endless possibilities for outdoor entertaining, gardening, or future enhancements. The attached garage adds convenience and storage, completing the home’s practical appeal. Situated in Clearview School District, this home is bursting with potential. With a little TLC, it presents an excellent opportunity to add value and create a space tailored to your vision. Notable updates include a newer roof and furnace, offering peace of mind and a solid foundation for future improvements. Whether you’re a homeowner looking to personalize, or an investor seeking upside, this property is a rare opportunity to unlock value in a great location. Schedule your showing today and imagine the possibilities!

Key facts

• Newer furnace
• Attached garage
• Newer roof

Tags

• ONE FLOOR LIVING
• LARGE BACKYARD
• ATTACHED GARAGE
• CLEARVIEW SCHOOL DISTRICT
• NEWER ROOF
• NEWER FURNACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $120 ($1k/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 $117k (2.1% below list).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 5.7% in Lorain — 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 (#595 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities D, health & safety D, crime F.
• Clearview Local (suburban): math 21% / reading 44% proficiency, ranked #574 of 656 in OH (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Vincent Elementary School (math 28% / reading 38%, grade F, #1,130 of 1,584 statewide, top 72%, 492 students, 0% FRL); Durling Middle School (math 19% / reading 45%, grade F, #559 of 654 statewide, top 87%, 463 students, 0% FRL); Clearview High School (math 12% / reading 47%, grade F, #619 of 781 statewide, top 80%, 386 students, 0% FRL) — zoned schools average 0% FRL vs 68% district-wide (68 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 84 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 35% of the median local income ($41k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 23y ago; this cycle's ask has dropped $30k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $99k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 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 1955 — 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. 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?
6. 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.
7. 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.
8. 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: 0.98% ✗
• Cap rate: 7.50%
• Cash-on-cash: 4.29%
• DSCR: 1.19
• GRM: 8.5

CMA / ARV

• ARV (median comp): $183,475
• List price: $119,900
• Delta: -34.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5023 Hecock Ave	0.20mi	3/1.5	1,344 (-2%)	14mo	$185,000	$138	75
5405 Hecock Ave	0.11mi	4/2.0 (+1)	1,477 (+8%)	9mo	$190,000	$129	68
4400 Dunton Rd	0.67mi	3/1.0	1,192 (-13%)	2mo	$220,000	$185	43
5327 Carek Ct	0.64mi	3/1.0	1,275 (-7%)	22mo	$180,000	$141	38
42048 Wilbur St	0.40mi	2/1.0 (-1)	1,200 (-13%)	19mo	$52,500	$44	37
4248 Laurel Rd	0.53mi	3/1.5	1,168 (-15%)	21mo	$169,900	$145	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: -9.6%
• Equity multiple: 0.65×
• Total profit: $-11,774
• Equity at exit: $17,877

10-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-383
• 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 44055

• Home prices YoY: -30.5%
• Active inventory: 84
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,173 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$128 /mo · $1,536/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $120

Break-even live

Break-even rent $1,021

Max offer price $119,900

Occupancy floor 85%

Sensitivity live

Price	-10% $188	-5% $154	+0% $120	+5% $86	+10% $52
Rent	-10% $27	-5% $74	+0% $120	+5% $166	+10% $213
Rate	-1.0pp $181	-0.5pp $151	base $120	+0.5pp $89	+1.0pp $57

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: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4850 Oneil Blvd Lorain, OH	2.0–3.0	1.0–1.5	981	$915	$0.93	3d	1	0.56mi
1850 E 33rd St Lorain, OH	2.0	1.0	1344	$995	$0.74	3d	1	1.38mi
1911 E 34th St Lorain, OH	2.0	1.0	900	$1,100	$1.22	3d	1	1.39mi
1639 E 31st St Unit 1637 Lorain, OH	3.0	1.0	1500	$1,200	$0.80	45d	1	1.48mi

Listing history 20 events

1. 2026-06-16
   statusdays on market $119,900 Pending 153 DOM
2. 2026-06-15
   days on market $119,900 Active 152 DOM
3. 2026-06-13
   days on market $119,900 Active 150 DOM
4. 2026-06-09
   days on market $119,900 Active 146 DOM
5. 2026-06-08
   days on market $119,900 Active 145 DOM
6. 2026-06-07
   days on market $119,900 Active 144 DOM
7. 2026-06-05
   days on market $119,900 Active 141 DOM
8. 2026-06-03
   days on market $119,900 Active 140 DOM
9. 2026-06-02
   days on market $119,900 Active 139 DOM
10. 2026-06-01
    days on market $119,900 Active 138 DOM
11. 2026-05-31
    days on market $119,900 Active 137 DOM
12. 2026-04-22
    price $119,900 992-char remark

    Show marketing remark (992 chars)

    Don’t miss this 1,374 sq ft ranch-style home offering 3 bedrooms and 1.5 baths with the ease and comfort of true one-floor living. This home offers a spacious living room and a functional layout making everyday living simple and efficient. Outside, enjoy a large backyard with endless possibilities for outdoor entertaining, gardening, or future enhancements. The attached garage adds convenience and storage, completing the home’s practical appeal. Situated in Clearview School District, this home is bursting with potential. With a little TLC, it presents an excellent opportunity to add value and create a space tailored to your vision. Notable updates include a newer roof and furnace, offering peace of mind and a solid foundation for future improvements. Whether you’re a homeowner looking to personalize, or an investor seeking upside, this property is a rare opportunity to unlock value in a great location. Schedule your showing today and imagine the possibilities!

13. 2026-03-05
    status Active 992-char remark

    Show marketing remark (992 chars)

    Don’t miss this 1,374 sq ft ranch-style home offering 3 bedrooms and 1.5 baths with the ease and comfort of true one-floor living. This home offers a spacious living room and a functional layout making everyday living simple and efficient. Outside, enjoy a large backyard with endless possibilities for outdoor entertaining, gardening, or future enhancements. The attached garage adds convenience and storage, completing the home’s practical appeal. Situated in Clearview School District, this home is bursting with potential. With a little TLC, it presents an excellent opportunity to add value and create a space tailored to your vision. Notable updates include a newer roof and furnace, offering peace of mind and a solid foundation for future improvements. Whether you’re a homeowner looking to personalize, or an investor seeking upside, this property is a rare opportunity to unlock value in a great location. Schedule your showing today and imagine the possibilities!

14. 2026-02-27
    status Pending 992-char remark

    Show marketing remark (992 chars)

    Don’t miss this 1,374 sq ft ranch-style home offering 3 bedrooms and 1.5 baths with the ease and comfort of true one-floor living. This home offers a spacious living room and a functional layout making everyday living simple and efficient. Outside, enjoy a large backyard with endless possibilities for outdoor entertaining, gardening, or future enhancements. The attached garage adds convenience and storage, completing the home’s practical appeal. Situated in Clearview School District, this home is bursting with potential. With a little TLC, it presents an excellent opportunity to add value and create a space tailored to your vision. Notable updates include a newer roof and furnace, offering peace of mind and a solid foundation for future improvements. Whether you’re a homeowner looking to personalize, or an investor seeking upside, this property is a rare opportunity to unlock value in a great location. Schedule your showing today and imagine the possibilities!

15. 2026-02-17
    price $129,900 992-char remark

    Show marketing remark (992 chars)

    Don’t miss this 1,374 sq ft ranch-style home offering 3 bedrooms and 1.5 baths with the ease and comfort of true one-floor living. This home offers a spacious living room and a functional layout making everyday living simple and efficient. Outside, enjoy a large backyard with endless possibilities for outdoor entertaining, gardening, or future enhancements. The attached garage adds convenience and storage, completing the home’s practical appeal. Situated in Clearview School District, this home is bursting with potential. With a little TLC, it presents an excellent opportunity to add value and create a space tailored to your vision. Notable updates include a newer roof and furnace, offering peace of mind and a solid foundation for future improvements. Whether you’re a homeowner looking to personalize, or an investor seeking upside, this property is a rare opportunity to unlock value in a great location. Schedule your showing today and imagine the possibilities!

16. 2026-01-19
    price $139,900 992-char remark

    Show marketing remark (992 chars)

    Don’t miss this 1,374 sq ft ranch-style home offering 3 bedrooms and 1.5 baths with the ease and comfort of true one-floor living. This home offers a spacious living room and a functional layout making everyday living simple and efficient. Outside, enjoy a large backyard with endless possibilities for outdoor entertaining, gardening, or future enhancements. The attached garage adds convenience and storage, completing the home’s practical appeal. Situated in Clearview School District, this home is bursting with potential. With a little TLC, it presents an excellent opportunity to add value and create a space tailored to your vision. Notable updates include a newer roof and furnace, offering peace of mind and a solid foundation for future improvements. Whether you’re a homeowner looking to personalize, or an investor seeking upside, this property is a rare opportunity to unlock value in a great location. Schedule your showing today and imagine the possibilities!

17. 2026-01-08
    listed $149,900 Active 992-char remark

    Show marketing remark (992 chars)

    Don’t miss this 1,374 sq ft ranch-style home offering 3 bedrooms and 1.5 baths with the ease and comfort of true one-floor living. This home offers a spacious living room and a functional layout making everyday living simple and efficient. Outside, enjoy a large backyard with endless possibilities for outdoor entertaining, gardening, or future enhancements. The attached garage adds convenience and storage, completing the home’s practical appeal. Situated in Clearview School District, this home is bursting with potential. With a little TLC, it presents an excellent opportunity to add value and create a space tailored to your vision. Notable updates include a newer roof and furnace, offering peace of mind and a solid foundation for future improvements. Whether you’re a homeowner looking to personalize, or an investor seeking upside, this property is a rare opportunity to unlock value in a great location. Schedule your showing today and imagine the possibilities!

18. 2003-09-22
    historical
19. 2003-08-20
    soldstatus $99,200
20. 2003-03-22
    listed $106,900

ⓘ 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: $1,536 · $128/mo
• Projected year-2 tax: $1,703 · $142/mo
• Expected delta: +$167/yr (+$14/mo · 10.9%)

ⓘ 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 · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,079
• − Mortgage interest: −$6,716
• − Property taxes: −$1,536
• − Insurance: −$600
• − Repairs & maintenance: −$1,126
• − Management: −$1,126
• − Depreciation: −$3,488
• Taxable loss: −$514
• Est. tax savings @ 24.0%: +$123
• After-tax cash flow: $1,565/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: Clearview Local
• NCES district ID: 3904813
• Math proficiency: 21% ▼ -29.00%
• Reading proficiency: 44% ▼ -13.00%
• Median HH income: $31,733
• Composite: 26.44/100
• National rank: #7219
• State rank: #574 of 656 in OH

Livability — Lorain

• Score: 67/100
• State rank: #595
• US rank: #10183

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lorain County · 219,437 people
• City population: 69,409
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 20,043
• Household income: $40,636
• Rent vs Own: 47.3% rent · 52.7% own
• Severe rent burden: 1140.0

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 41% Hispanic / Latino 37% Two or more races 24% Black 14%
• Hispanic origin (detail): Mexican 7% Puerto Rican 27%
• Common ancestry: Romanian 5% Slovak 1%
• Foreign-born: 4% · Canada, Guatemala
• Languages at home: 75% English-only · Spanish 23%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.26%
• Current HPI: 180.9309
• 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

+12.2% since first listed

9 events — show timeline

• 2026-04-22 Price Changed $119,900 MLSNOW
• 2026-03-05 Relisted — MLSNOW
• 2026-02-27 Pending — MLSNOW
• 2026-02-17 Price Changed $129,900 MLSNOW
• 2026-01-19 Price Changed $139,900 MLSNOW
• 2026-01-08 Listed $149,900 MLSNOW
• 2003-09-22 Listing Removed — MLSNOW
• 2003-08-20 Sold (Public Records) $99,200 Public Records
• 2003-03-22 Listed $106,900 MLSNOW

Property tax history

+0.8%/yr

Latest (2025): $1,536 · -2.5% YoY. Source: county tax records.