5027 Clifton Ave · Lorain, OH 44055

$110,000

3 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 16 Days on market

Built 1998 6,534 sqft lot Est $137k · 20% under

---

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 +19.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +5.5/10.0
• 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

Newly remodeled 3 bedroom 1 bath ranch on quiet dead end street in Clearview School District. House features updated kitchen with new counter tops, fixtures, flooring, and paint. Updated bathroom with new flooring, vanity, and fixtures. New roof installed in 2018, new paint and carpet throughout, new light fixtures and ceiling fans, new outlets and switches, new wired smoke detectors, and new paint. All appliances stay with the house including the washer and dryer. The property has a nice sized yard with a large shed that has a new roof and siding also.

Key facts

• 6,534 sq ft lot
• Built 1998
• Listed 16 days

Property features AI

Exterior

• Parking: No garage; Paved parking
• Utilities: Public water; Public sewer
• Home design: Single-story home; Faces west; Entry level: main level
• Construction: Vinyl siding; Asphalt/fiberglass roof; Slab foundation; Built according to public records
• Exterior features: Shed(s); Dead-end lot; Lot dimensions approximately 50 x 133 (0.15 acres)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $120 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $108k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.6% 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; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 34% 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 $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 24y 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 $49k; list at $110k implies a 124% gain — meaningful room to come down on a strong offer.

Recommended offer $108,350 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.05% ✓
• Cap rate: 7.60%
• Cash-on-cash: 4.68%
• DSCR: 1.21
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $137,256
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4975 Oroszy Ave	0.16mi	3/1.0	1,111 (+4%)	11mo	$142,900	$129	76
4962 Oroszy Ave	0.19mi	2/1.0 (-1)	960 (-10%)	2mo	$115,750	$121	68
317 E 44th St	0.56mi	3/1.5	1,101 (+4%)	5mo	$172,500	$157	62
362 E 47th St	0.32mi	2/1.0 (-1)	988 (-7%)	10mo	$159,000	$161	60
310 E 44th St	0.52mi	3/1.0	1,152 (+8%)	9mo	$77,500	$67	54
4590 Broadway	0.50mi	2/1.0 (-1)	987 (-7%)	8mo	$67,000	$68	53
499 E 44th St	0.51mi	3/1.0	1,023 (-4%)	21mo	$80,000	$78	53
4400 Dunton Rd	0.63mi	3/1.0	1,192 (+12%)	2mo	$220,000	$185	48
5170 Broadway	0.39mi	2/1.0 (-1)	925 (-13%)	13mo	$160,000	$173	44
4177 Russell Ave	0.62mi	2/1.0 (-1)	950 (-11%)	7mo	$169,900	$179	42
808 Harriet St	0.68mi	2/1.0 (-1)	960 (-10%)	13mo	$110,000	$115	37

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: -9.0%
• Equity multiple: 0.67×
• Total profit: $-10,141
• Equity at exit: $16,401

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $1,169
• Equity at exit: $9,511

Cash invested: $30,800 (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 44055

• Home prices YoY: -30.5%
• Active inventory: 84
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,156 high
• Mortgage (P&I): −$577
• Tax from tax record: −$170 /mo · $2,044/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $120

Break-even live

Break-even rent $1,004

Max offer price $110,000

Occupancy floor 85%

Sensitivity live

Price	-10% $182	-5% $151	+0% $120	+5% $89	+10% $58
Rent	-10% $29	-5% $74	+0% $120	+5% $166	+10% $211
Rate	-1.0pp $175	-0.5pp $148	base $120	+0.5pp $92	+1.0pp $63

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 5 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	0.23mi
3502 Lowell Ave Lorain, OH	3.0	1.0	788	$1,095	$1.39	3d	1	1.15mi
612 E 33rd St Lorain, OH	3.0	1.0	960	$995	$1.04	45d	1	1.27mi
1777 E 37th St Unit 1777 Lorain, OH	2.0	1.0	800	$1,150	$1.44	3d	1	1.39mi
3132 Elyria Ave Lorain, OH	3.0	1.5	1109	$1,250	$1.13	45d	1	1.42mi

Listing history 16 events

1. 2026-05-04
   status Pending
2. 2026-04-28
   historical Contingent
3. 2026-04-18
   listed $110,000 Active
4. 2023-06-20
   soldstatus $49,000
5. 2021-08-27
   soldstatus $111,000 Closed 559-char remark

   Show marketing remark (559 chars)

   Newly remodeled 3 bedroom 1 bath ranch on quiet dead end street in Clearview School District. House features updated kitchen with new counter tops, fixtures, flooring, and paint. Updated bathroom with new flooring, vanity, and fixtures. New roof installed in 2018, new paint and carpet throughout, new light fixtures and ceiling fans, new outlets and switches, new wired smoke detectors, and new paint. All appliances stay with the house including the washer and dryer. The property has a nice sized yard with a large shed that has a new roof and siding also.

6. 2021-07-26
   status Pending 559-char remark

   Show marketing remark (559 chars)

   Newly remodeled 3 bedroom 1 bath ranch on quiet dead end street in Clearview School District. House features updated kitchen with new counter tops, fixtures, flooring, and paint. Updated bathroom with new flooring, vanity, and fixtures. New roof installed in 2018, new paint and carpet throughout, new light fixtures and ceiling fans, new outlets and switches, new wired smoke detectors, and new paint. All appliances stay with the house including the washer and dryer. The property has a nice sized yard with a large shed that has a new roof and siding also.

7. 2021-07-16
   historical Contingent 559-char remark

   Show marketing remark (559 chars)

   Newly remodeled 3 bedroom 1 bath ranch on quiet dead end street in Clearview School District. House features updated kitchen with new counter tops, fixtures, flooring, and paint. Updated bathroom with new flooring, vanity, and fixtures. New roof installed in 2018, new paint and carpet throughout, new light fixtures and ceiling fans, new outlets and switches, new wired smoke detectors, and new paint. All appliances stay with the house including the washer and dryer. The property has a nice sized yard with a large shed that has a new roof and siding also.

8. 2021-07-12
   status Active 559-char remark

   Show marketing remark (559 chars)

   Newly remodeled 3 bedroom 1 bath ranch on quiet dead end street in Clearview School District. House features updated kitchen with new counter tops, fixtures, flooring, and paint. Updated bathroom with new flooring, vanity, and fixtures. New roof installed in 2018, new paint and carpet throughout, new light fixtures and ceiling fans, new outlets and switches, new wired smoke detectors, and new paint. All appliances stay with the house including the washer and dryer. The property has a nice sized yard with a large shed that has a new roof and siding also.

9. 2021-06-12
   status Pending 559-char remark

   Show marketing remark (559 chars)

   Newly remodeled 3 bedroom 1 bath ranch on quiet dead end street in Clearview School District. House features updated kitchen with new counter tops, fixtures, flooring, and paint. Updated bathroom with new flooring, vanity, and fixtures. New roof installed in 2018, new paint and carpet throughout, new light fixtures and ceiling fans, new outlets and switches, new wired smoke detectors, and new paint. All appliances stay with the house including the washer and dryer. The property has a nice sized yard with a large shed that has a new roof and siding also.

10. 2021-06-08
    listed $99,900 Active 559-char remark

    Show marketing remark (559 chars)

    Newly remodeled 3 bedroom 1 bath ranch on quiet dead end street in Clearview School District. House features updated kitchen with new counter tops, fixtures, flooring, and paint. Updated bathroom with new flooring, vanity, and fixtures. New roof installed in 2018, new paint and carpet throughout, new light fixtures and ceiling fans, new outlets and switches, new wired smoke detectors, and new paint. All appliances stay with the house including the washer and dryer. The property has a nice sized yard with a large shed that has a new roof and siding also.

11. 2007-06-07
    soldstatus $47,600 55-char remark

    Show marketing remark (55 chars)

    Bank Repo-good Starter Home, Located On Dead-end Street

12. 2006-11-20
    listed $53,900 55-char remark

    Show marketing remark (55 chars)

    Bank Repo-good Starter Home, Located On Dead-end Street

13. 2002-10-18
    historical
14. 2002-06-18
    listed $94,900
15. 1998-07-28
    soldstatus $77,300
16. 1993-01-21
    soldstatus $8,613

ⓘ 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: $2,044 · $170/mo
• Projected year-2 tax: $2,044 · $170/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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,870
• − Mortgage interest: −$6,162
• − Property taxes: −$2,044
• − Insurance: −$550
• − Repairs & maintenance: −$1,110
• − Management: −$1,110
• − Depreciation: −$3,200
• Taxable loss: −$305
• Est. tax savings @ 24.0%: +$73
• After-tax cash flow: $1,514/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

+1177.1% since first listed

16 events — show timeline

• 2026-05-04 Pending — MLSNOW
• 2026-04-28 Contingent — MLSNOW
• 2026-04-18 Listed $110,000 MLSNOW
• 2023-06-20 Sold (Public Records) $49,000 Public Records
• 2021-08-27 Sold (MLS) $111,000 MLSNOW
• 2021-07-26 Pending — MLSNOW
• 2021-07-16 Contingent — MLSNOW
• 2021-07-12 Relisted — MLSNOW
• 2021-06-12 Pending — MLSNOW
• 2021-06-08 Listed $99,900 MLSNOW
• 2007-06-07 Sold (MLS) $47,600 MLSNOW
• 2006-11-20 Listed $53,900 MLSNOW
• 2002-10-18 Listing Removed — MLSNOW
• 2002-06-18 Listed $94,900 MLSNOW
• 1998-07-28 Sold (Public Records) $77,300 Public Records
• 1993-01-21 Sold (Public Records) $8,613 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,044 · +0.6% YoY. Source: county tax records.