224 Shamrock Ave · Mingo Junction, OH 43938

$39,900

2 bd · 1.5 ba · 1,466 sqft · SingleFamily public records · 322 Days on market

Built 1910 0.35 ac lot $27/sqft · 23% below area Est $52k · 23% under ↓ 17% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors!!! 2 Homes for the Price of 1!! Homes still needs work done where you can make the homes your own with your creative ideas. Schedule a tour today!

Key facts

• 0.35 acre lot
• 2 garage spots
• Built 1910

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($800 rent vs $40k).
• Recommended offer: $35k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#381 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: commute D, amenities F, employment D-.
• Indian Creek Local (suburban): math 42% / reading 56% proficiency, ranked #455 of 656 in OH (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 17 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).
• This rent is only 17% of the median local income ($57k/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 $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Jefferson County population projected at -19% 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 $11k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 322 days — a 12% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $20k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $26k; list at $40k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 322 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 1910 — 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 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?
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: 2.01% ✓
• Cap rate: 16.75%
• Cash-on-cash: 37.35%
• DSCR: 2.66
• GRM: 4.2

CMA / ARV

• ARV (median comp): $51,680
• List price: $39,900
• Delta: -22.79%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
224 Shamrock Ave	0.00mi	2/1.0	1,465 (-0%)	1mo	$39,900	$27	97
111 Western Ave	0.07mi	3/1.5 (+1)	1,536 (+5%)	14mo	$25,000	$16	72
207 Summit Ave	0.29mi	3/2.0 (+1)	1,600 (+9%)	6mo	$105,000	$66	60
212 Lincoln Ave	0.19mi	3/1.0 (+1)	1,288 (-12%)	10mo	$94,000	$73	56
368 Mclister Ave	0.13mi	3/1.5 (+1)	1,664 (+14%)	17mo	$90,000	$54	52
124 Peeler St	0.39mi	3/1.0 (+1)	1,248 (-15%)	2mo	$51,789	$41	48
206 Benita Dr	0.67mi	3/1.0 (+1)	1,624 (+11%)	6mo	$195,000	$120	39

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: 33.3%
• Equity multiple: 2.41×
• Total profit: $15,699
• Equity at exit: $5,949

10-year hold

• IRR: 40.3%
• Equity multiple: 4.78×
• Total profit: $42,258
• Equity at exit: $3,450

Cash invested: $11,172 (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 43938

• Home prices YoY: -6.0%
• Active inventory: 17
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $800 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$58 /mo · $701/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$168
• Net cashflow: $348

Break-even live

Break-even rent $360

Max offer price $39,900

Occupancy floor 52%

Sensitivity live

Price	-10% $370	-5% $359	+0% $348	+5% $336	+10% $325
Rent	-10% $285	-5% $316	+0% $348	+5% $379	+10% $411
Rate	-1.0pp $368	-0.5pp $358	base $348	+0.5pp $337	+1.0pp $327

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1038 Clifton St Follansbee, WV	2.0	1.0	900	$800	$0.89	24d	1	0.94mi

Listing history 21 events

1. 2026-05-20
   status Pending 168-char remark

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   Calling all investors!!! 2 Homes for the Price of 1!! Homes still needs work done where you can make the homes your own with your creative ideas. Schedule a tour today!

2. 2026-05-19
   status Active 168-char remark

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3. 2026-05-19
   historical Contingent 168-char remark

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4. 2026-04-22
   price $39,900 168-char remark

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5. 2026-03-04
   price $46,400 168-char remark

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6. 2026-02-12
   price $54,000 168-char remark

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7. 2026-01-08
   price $58,000 168-char remark

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8. 2026-01-08
   price $580,002 168-char remark

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9. 2025-09-25
   price $61,500 168-char remark

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10. 2025-09-03
    price $49,900 168-char remark

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11. 2025-09-02
    price $51,000 168-char remark

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    Calling all investors!!! 2 Homes for the Price of 1!! Homes still needs work done where you can make the homes your own with your creative ideas. Schedule a tour today!

12. 2025-08-05
    price $54,900 168-char remark

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13. 2025-06-30
    listed $59,900 Active 168-char remark

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14. 2025-06-05
    soldstatus $26,000 Closed
15. 2025-02-25
    status Pending
16. 2025-02-25
    historical
17. 2025-02-23
    listed $32,000 Active
18. 2025-01-30
    historical
19. 2024-12-02
    listed $35,000 Active
20. 2003-07-22
    soldstatus $44,520
21. 1995-04-28
    soldstatus $48,000

ⓘ 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: $701 · $58/mo
• Projected year-2 tax: $701 · $58/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 ≥98°F today · 18 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: $9,600
• − Mortgage interest: −$2,235
• − Property taxes: −$701
• − Insurance: −$200
• − Repairs & maintenance: −$768
• − Management: −$768
• − Depreciation: −$1,161
• Taxable income: $3,768
• Est. tax owed @ 24.0%: −$904
• After-tax cash flow: $3,268/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: Indian Creek Local
• NCES district ID: 3904780
• Math proficiency: 42% ▼ -24.00%
• Reading proficiency: 56% ▼ -10.00%
• Median HH income: $44,695
• Composite: 41.39/100
• National rank: #3483
• State rank: #455 of 656 in OH

Livability — Mingo Junction

• Score: 72/100
• State rank: #381
• US rank: #6170

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mingo Junction, OH
• County: Jefferson · 64,369 people
• Metro: Weirton-Steubenville, WV-OH
• Population (ZIP): 5,448
• Household income: $57,453
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 11.2

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 63,481 people
• By 2030: 61,067 · -3.8%
• By 2040: 55,860 · -12.0%
• By 2050: 51,236 · -19.3%
• By 2075: 41,804 · -34.1%
• By 2100: 32,344 · -49.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 5%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 1% · Canada

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+43.9) · D 27.5% · R 71.4% · Other 1.1%
• 2008→2024 swing: -44.1pp toward R · 2008: 0.2pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+38.4 2016: R+35.7 2012: R+5.5 2008: D+0.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -11.44%
• Current HPI: 179.3725
• 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

-16.9% since first listed

21 events — show timeline

• 2026-05-20 Pending — MLSNOW
• 2026-05-19 Relisted — MLSNOW
• 2026-05-19 Contingent — MLSNOW
• 2026-04-22 Price Changed $39,900 MLSNOW
• 2026-03-04 Price Changed $46,400 MLSNOW
• 2026-02-12 Price Changed $54,000 MLSNOW
• 2026-01-08 Price Changed $58,000 MLSNOW
• 2026-01-08 Price Changed $580,002 MLSNOW
• 2025-09-25 Price Changed $61,500 MLSNOW
• 2025-09-03 Price Changed $49,900 MLSNOW
• 2025-09-02 Price Changed $51,000 MLSNOW
• 2025-08-05 Price Changed $54,900 MLSNOW
• 2025-06-30 Listed $59,900 MLSNOW
• 2025-06-05 Sold (MLS) $26,000 MLSNOW
• 2025-02-25 Pending — MLSNOW
• 2025-02-25 Listing Removed — MLSNOW
• 2025-02-23 Listed $32,000 MLSNOW
• 2025-01-30 Listing Removed — MLSNOW
• 2024-12-02 Listed $35,000 MLSNOW
• 2003-07-22 Sold (Public Records) $44,520 Public Records
• 1995-04-28 Sold (Public Records) $48,000 Public Records

Property tax history

+4.1%/yr

Latest (2025): $701 · -1.0% YoY. Source: county tax records.