3145 G St · Lorain, OH 44052

$135,000

3 bd · 1.5 ba · 1,606 sqft · SingleFamily public records · 10 Days on market

Built 1954 9,147 sqft lot Est $199k · 32% 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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +5.9/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Hud Owned. Case # 412-532902. Sold As Is.

Key facts

• 9,147 sq ft lot
• 2 garage spots
• Built 1954

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $266 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Cap rate 8.7% vs local median 5.9% 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: schools C-, amenities D, health & safety D.
• Lorain City (suburban): math 13% / reading 26% proficiency, ranked #633 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.1%/yr); 129 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 39% of the median local income ($45k/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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 36y 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 $24k; list at $135k implies a 462% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,000

Questions for the listing agent

1. Built in 1954 — 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. 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?
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: 1.09% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.46%
• DSCR: 1.38
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $199,144
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3145 G St	0.00mi	3/1.0	1,606 (0%)	0mo	$120,000	$75	98
633 Blossom Dr	0.09mi	3/1.5	1,540 (-4%)	0mo	$129,000	$84	88
2966 Cleveland Blvd	0.20mi	4/2.0 (+1)	1,620 (+1%)	0mo	$222,500	$137	82
707 Blossom Dr	0.11mi	4/1.5 (+1)	1,531 (-5%)	9mo	$178,900	$117	74
235 Euclid Ave	0.21mi	4/2.0 (+1)	1,506 (-6%)	2mo	$212,500	$141	71
2456 Jackson St	0.66mi	3/1.0	1,573 (-2%)	1mo	$185,000	$118	63
413 Nebraska Ave	0.35mi	4/1.5 (+1)	1,467 (-9%)	8mo	$168,000	$115	58
2311 N Jefferson Blvd	0.59mi	3/2.0	1,708 (+6%)	4mo	$160,000	$94	56
216 Missouri Ave	0.58mi	2/3.0 (-1)	1,460 (-9%)	1mo	$209,500	$143	46
2500 S Jefferson Blvd	0.46mi	4/2.0 (+1)	1,412 (-12%)	8mo	$175,000	$124	44
2911 Larkmoor St	0.48mi	3/2.5	1,375 (-14%)	9mo	$170,750	$124	42
2612 Larkmoor St	0.58mi	4/3.0 (+1)	1,830 (+14%)	8mo	$235,000	$128	32

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 · 4.09% rent growth · sell at horizon

5-year hold

• IRR: -2.3%
• Equity multiple: 0.91×
• Total profit: $-3,269
• Equity at exit: $20,129

10-year hold

• IRR: 8.6%
• Equity multiple: 1.68×
• Total profit: $25,876
• Equity at exit: $11,672

Cash invested: $37,800 (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 44052

• Home prices YoY: -28.1%
• Rents YoY: 4.1%
• Active inventory: 129
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,476 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$135 /mo · $1,625/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $266

Break-even live

Break-even rent $1,139

Max offer price $135,000

Occupancy floor 77%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
716 Dakota Ave Lorain, OH	3.0	2.0	1490	$1,650	$1.11	2d	1	0.18mi
1109 Euclid Ave Lorain, OH	3.0	1.0	1066	$995	$0.93	2d	1	0.36mi
2327 S Jefferson Blvd Lorain, OH	3.0	1.0	1485	$1,531	$1.03	21d	1	0.57mi

Listing history 15 events

1. 2026-03-19
   status Pending
2. 2026-03-09
   listed $135,000 Active
3. 2008-12-09
   soldstatus $24,001 41-char remark

   Show marketing remark (41 chars)

   Hud Owned. Case # 412-532902. Sold As Is.

4. 2008-09-12
   listed $21,000 41-char remark

   Show marketing remark (41 chars)

   Hud Owned. Case # 412-532902. Sold As Is.

5. 2005-05-31
   soldstatus $110,000
6. 2004-03-30
   historical
7. 2003-09-30
   listed $96,500
8. 2002-12-13
   soldstatus $83,900
9. 2002-12-10
   soldstatus $83,900
10. 2002-06-24
    listed $83,900
11. 1991-10-30
    soldstatus $56,500
12. 1991-10-30
    soldstatus $56,500
13. 1991-08-28
    historical
14. 1991-06-22
    listed $58,500
15. 1990-07-21
    listed $58,900

ⓘ 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: $1,625 · $135/mo
• Projected year-2 tax: $1,865 · $155/mo
• Expected delta: +$241/yr (+$20/mo · 14.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 16 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: $17,712
• − Mortgage interest: −$7,562
• − Property taxes: −$1,625
• − Insurance: −$675
• − Repairs & maintenance: −$1,417
• − Management: −$1,417
• − Depreciation: −$3,927
• Taxable income: $1,089
• Est. tax owed @ 24.0%: −$261
• After-tax cash flow: $2,936/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: Lorain City
• NCES district ID: 3904426
• Math proficiency: 13% ▼ -24.00%
• Reading proficiency: 26% ▼ -10.00%
• Median HH income: $32,823
• Composite: 15.81/100
• National rank: #9266
• State rank: #633 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

• Census place: Lorain, OH
• County: Lorain County · 219,437 people
• City population: 69,409
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 28,282
• Household income: $45,023
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1423.0

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 0.66)
• Race & ethnicity: White 49% Hispanic / Latino 24% Black 21% Two or more races 16%
• Hispanic origin (detail): Mexican 5% Puerto Rican 17%
• Common ancestry: Romanian 6% Lithuanian 1% Iranian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 14%

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: ▼ -73.23%
• Current HPI: 186.9657
• Rent YoY: ▲ 4.09%
• 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

+129.2% since first listed

15 events — show timeline

• 2026-03-19 Pending — MLSNOW
• 2026-03-09 Listed $135,000 MLSNOW
• 2008-12-09 Sold (MLS) $24,001 MLSNOW
• 2008-09-12 Listed $21,000 MLSNOW
• 2005-05-31 Sold (Public Records) $110,000 Public Records
• 2004-03-30 Listing Removed — MLSNOW
• 2003-09-30 Listed $96,500 MLSNOW
• 2002-12-13 Sold (MLS) $83,900 MLSNOW
• 2002-12-10 Sold (Public Records) $83,900 Public Records
• 2002-06-24 Listed $83,900 MLSNOW
• 1991-10-30 Sold (Public Records) $56,500 Public Records
• 1991-10-30 Sold (MLS) $56,500 MLSNOW
• 1991-08-28 Listing Removed — MLSNOW
• 1991-06-22 Listed $58,500 MLSNOW
• 1990-07-21 Listed $58,900 MLSNOW

Property tax history

+0.8%/yr

Latest (2025): $1,625 · -4.9% YoY. Source: county tax records.