323 Stratford Ave · Wadsworth, OH 44281

$191,500

4 bd · 1.5 ba · 1,134 sqft · SingleFamily public records · 3 Days on market

Built 1968 7,492 sqft lot Est $231k · 17% 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 +19.4/30.0
• ARV discount +15.0/15.0
• Schools +6.5/10.0
• DSCR +6.1/10.0
• 1% rule +4.9/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this cute and cozy Cape Cod! Offering four bedrooms and 1.5 baths, this charming home features two generously sized bedrooms on the main floor along with an updated full bathroom. The kitchen provides plenty of cabinet space and room for meal preparation, while beautiful hardwood floors flow through both the kitchen and living room. Upstairs, you’ll find two additional bedrooms and a convenient half bath, creating flexible space for family, guests, or a home office. Step outside to enjoy the spacious deck overlooking the backyard, where there’s even a perfect setup to relax in a hammock and enjoy those warm summer days. A detached one-car garage provides addition

Key facts

• 7,492 sq ft lot
• Garage
• Built 1968

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $192k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/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 $190k (0.6% below list).
• Recommended offer: $190k (0.6% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 3.3% in Wadsworth — 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 82/100 on livability (#74 in OH, #1,136 nationally) — a professional / high-income tenant draw. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Wadsworth City (suburban): math 74% / reading 77% proficiency, ranked #83 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 135 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 34y 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 $74k; list at $192k implies a 161% gain — meaningful room to come down on a strong offer.

Recommended offer $190,286 (0.6% below list)

Questions for the listing agent

1. Built in 1968 — 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 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?
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: 0.99% ✗
• Cap rate: 7.63%
• Cash-on-cash: 4.77%
• DSCR: 1.21
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $231,336
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
341 West St	0.17mi	3/2.0 (-1)	1,144 (+1%)	2mo	$259,900	$227	82
202 Tolbert St	0.40mi	3/1.0 (-1)	1,134 (0%)	9mo	$219,900	$194	67
174 W Prospect St	0.42mi	3/1.0 (-1)	1,160 (+2%)	7mo	$174,050	$150	63
184 Baldwin St	0.37mi	3/1.0 (-1)	1,056 (-7%)	1mo	$215,000	$204	63
279 Waverly Ave	0.22mi	3/3.0 (-1)	1,200 (+6%)	8mo	$237,000	$198	63
168 Simcox St	0.43mi	3/1.5 (-1)	1,216 (+7%)	1mo	$255,000	$210	62
221 Franks Ave	0.41mi	4/1.0	1,249 (+10%)	2mo	$226,000	$181	61
680 West St	0.70mi	4/2.0	1,160 (+2%)	9mo	$279,900	$241	54
535 West St	0.45mi	3/1.0 (-1)	1,248 (+10%)	3mo	$226,000	$181	53
213 Valley View Dr	0.70mi	3/1.0 (-1)	1,100 (-3%)	9mo	$231,250	$210	48
236 Knollwood Dr	0.65mi	3/1.5 (-1)	1,240 (+9%)	2mo	$295,500	$238	48
118 E Prospect	0.59mi	3/1.0 (-1)	1,208 (+6%)	8mo	$115,000	$95	47

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: -8.9%
• Equity multiple: 0.67×
• Total profit: $-17,436
• Equity at exit: $28,553

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $2,346
• Equity at exit: $16,557

Cash invested: $53,620 (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 44281

• Active inventory: 135
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,903 medium
• Mortgage (P&I): −$1,004
• Tax from tax record: −$206 /mo · $2,471/yr
• Insurance: −$80
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $213

Break-even live

Break-even rent $1,633

Max offer price $191,500

Occupancy floor 84%

Sensitivity live

Price	-10% $322	-5% $268	+0% $213	+5% $159	+10% $105
Rent	-10% $63	-5% $138	+0% $213	+5% $288	+10% $364
Rate	-1.0pp $310	-0.5pp $262	base $213	+0.5pp $164	+1.0pp $113

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: $47,875
• Closing costs: $5,745
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
466 S Kaser Dr Unit 468 Wadsworth, OH	3.0	1.0	1500	$1,250	$0.83	44d	1	1.30mi

Listing history 4 events

1. 2026-06-16
   statusdays on market $191,500 Pending 3 DOM
2. 2026-06-15
   days on market $191,500 Active 2 DOM
3. 2026-06-13
   remarks 687-char remark
4. 2026-06-13
   listed $191,500 Active 1 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: $2,471 · $206/mo
• Projected year-2 tax: $2,729 · $227/mo
• Expected delta: +$258/yr (+$22/mo · 10.5%)

ⓘ 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 ≥96°F today · 17 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: $22,834
• − Mortgage interest: −$10,727
• − Property taxes: −$2,471
• − Insurance: −$958
• − Repairs & maintenance: −$1,827
• − Management: −$1,827
• − Depreciation: −$5,571
• Taxable loss: −$545
• Est. tax savings @ 24.0%: +$131
• After-tax cash flow: $2,691/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: Wadsworth City
• NCES district ID: 3910029
• Math proficiency: 74% ▼ -8.00%
• Reading proficiency: 77% ▼ -6.00%
• Median HH income: $62,397
• Composite: 65.1/100
• National rank: #499
• State rank: #83 of 656 in OH

Livability — Wadsworth

• Score: 82/100
• State rank: #74
• US rank: #1136

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wadsworth, OH
• County: Medina County · 145,517 people
• City population: 34,704
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 34,704
• Household income: $89,131
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 597.0

Population outlook (Medina County) Hauer SSP2

• Today (2025): 185,249 people
• By 2030: 188,174 · +1.6%
• By 2040: 190,350 · +2.8%
• By 2050: 187,283 · +1.1%
• By 2075: 177,108 · -4.4%
• By 2100: 151,304 · -18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Asian 1%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1% Other Asian/Pacific 0%

Political lean MEDSL · Medina

• 2024 margin: Strong R (+24.8) · D 37.2% · R 62.0%
• 2008→2024 swing: -16.8pp toward R · 2008: -8.0pp · 2024: -24.8pp
• All cycles: 2024: R+24.8 2020: R+23.4 2016: R+24.9 2012: R+13.1 2008: R+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.82%
• Current HPI: 253.1502
• 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

+219.7% since first listed

9 events — show timeline

• 2026-06-13 Listed $191,500 MLSNOW
• 1995-05-04 Listing Removed — MLSNOW
• 1995-05-04 Listing Removed — MLSNOW
• 1995-02-10 Listed $96,500 MLSNOW
• 1995-02-04 Listed $96,500 MLSNOW
• 1992-05-29 Sold (Public Records) $73,500 Public Records
• 1992-05-21 Listing Removed — MLSNOW
• 1992-02-25 Listed $74,500 MLSNOW
• 1987-06-19 Sold (Public Records) $59,900 Public Records

Property tax history

+4.3%/yr

Latest (2025): $2,471 · +12.1% YoY. Source: county tax records.