56316 National Rd · Brookside, OH 43912

$29,000

2 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 87 Days on market

Built 1915 4,791 sqft lot $26/sqft · 74% below area ↓ 3% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.4/10.0
• Schools +4.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

One story home located on National Road in Bridgeport. One bedroom home with another bedroom being captured with a full bath and living room. Downstairs consist of kitchen, bonus room and laundry/ utility room. Home has a fenced in backyard.

Key facts

• Fenced in backyard
• Bonus room
• Laundry utility room

Tags

• FENCED IN BACKYARD
• BONUS ROOM
• LAUNDRY UTILITY ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $29k.

Deal economics

• At list price, monthly cash flow is $428 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($850 rent vs $29k).
• Recommended offer: $27k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#783 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, crime C-, employment D+.
• Bridgeport Exempted Village (suburban): math 49% / reading 57% proficiency, ranked #429 of 656 in OH (top 65%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 40 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4 units permitted in Belmont County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $987 of equity ($200 loan paydown + $787 appreciation (2.7% local appreciation)).
• Belmont County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.7% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($27k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $27,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.93% ✓
• Cap rate: 26.28%
• Cash-on-cash: 71.39%
• DSCR: 4.18
• GRM: 2.8

CMA / ARV

• ARV (median comp): $85,958
• List price: $29,000
• Delta: -66.26%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
56559 Boyd Ave	0.30mi	2/1.0	1,100 (-0%)	8mo	$93,000	$85	79
8 Frederick St	0.11mi	2/1.5	1,120 (+1%)	14mo	$145,000	$129	79
844 National Rd	0.51mi	2/1.0	1,097 (-1%)	4mo	$22,500	$21	72
1123 Minellen Dr	0.55mi	2/1.5	1,216 (+10%)	5mo	$139,000	$114	51
1045 Howard St	0.58mi	3/1.0 (+1)	1,144 (+4%)	21mo	$50,000	$44	45
726 Main St	0.66mi	3/1.0 (+1)	960 (-13%)	14mo	$139,000	$145	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.71% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 67.7%
• Equity multiple: 4.73×
• Total profit: $30,325
• Equity at exit: $12,575

10-year hold

• IRR: 67.5%
• Equity multiple: 9.67×
• Total profit: $70,403
• Equity at exit: $19,027

Cash invested: $8,120 (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 43912

• Home prices YoY: 1.7%
• Active inventory: 40
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $850 medium
• Mortgage (P&I): −$152
• Tax from tax record: −$24 /mo · $291/yr
• Insurance: −$12
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $428

Break-even live

Break-even rent $309

Max offer price $29,000

Occupancy floor 45%

Sensitivity live

Price	-10% $444	-5% $436	+0% $428	+5% $419	+10% $411
Rent	-10% $360	-5% $394	+0% $428	+5% $461	+10% $495
Rate	-1.0pp $442	-0.5pp $435	base $428	+0.5pp $420	+1.0pp $412

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: $7,250
• Closing costs: $870
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
55178 Maple Ave Bridgeport, OH	2.0	1.5	1002	$850	$0.85	44d	1	1.33mi

Listing history 22 events

1. 2026-06-19
   days on market $29,000 Active 87 DOM
2. 2026-06-18
   days on market $29,000 Active 86 DOM
3. 2026-06-17
   days on market $29,000 Active 85 DOM
4. 2026-06-16
   days on market $29,000 Active 84 DOM
5. 2026-06-15
   days on market $29,000 Active 83 DOM
6. 2026-06-14
   days on market $29,000 Active 81 DOM
7. 2026-06-12
   days on market $29,000 Active 80 DOM
8. 2026-06-09
   days on market $29,000 Active 77 DOM
9. 2026-06-08
   days on market $29,000 Active 76 DOM
10. 2026-06-07
    days on market $29,000 Active 75 DOM
11. 2026-06-03
    days on market $29,000 Active 71 DOM
12. 2026-06-02
    days on market $29,000 Active 70 DOM
13. 2026-06-01
    days on market $29,000 Active 69 DOM
14. 2026-05-31
    days on market $29,000 Active 68 DOM
15. 2026-05-30
    days on market $29,000 Active 67 DOM
16. 2026-03-23
    listed $29,000 Active 241-char remark

    Show marketing remark (241 chars)

    One story home located on National Road in Bridgeport. One bedroom home with another bedroom being captured with a full bath and living room. Downstairs consist of kitchen, bonus room and laundry/ utility room. Home has a fenced in backyard.

17. 2026-01-16
    historical
18. 2025-11-25
    status Active
19. 2025-11-03
    historical Contingent
20. 2025-10-16
    listed $50,000 Active
21. 2003-04-10
    soldstatus $33,000
22. 1994-02-28
    soldstatus $30,000

ⓘ 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: $291 · $24/mo
• Projected year-2 tax: $372 · $31/mo
• Expected delta: +$80/yr (+$7/mo · 27.6%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥98°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,200
• − Mortgage interest: −$1,624
• − Property taxes: −$291
• − Insurance: −$812
• − Repairs & maintenance: −$816
• − Management: −$816
• − Depreciation: −$844
• Taxable income: $4,997
• Est. tax owed @ 24.0%: −$1,199
• After-tax cash flow: $3,931/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: Bridgeport Exempted Village
• NCES district ID: 3904523
• Math proficiency: 49% ▼ -16.00%
• Reading proficiency: 57% ▼ -8.00%
• Median HH income: $31,819
• Composite: 43.51/100
• National rank: #2992
• State rank: #429 of 656 in OH

Livability — Brookside

• Score: 64/100
• State rank: #783
• US rank: #14237

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Belmont · 63,139 people
• Metro: Wheeling, WV-OH
• Population (ZIP): 5,852
• Household income: $51,753
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 8.1

Population outlook (Belmont County) Hauer SSP2

• Today (2025): 66,568 people
• By 2030: 64,818 · -2.6%
• By 2040: 60,702 · -8.8%
• By 2050: 56,427 · -15.2%
• By 2075: 46,222 · -30.6%
• By 2100: 34,611 · -48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 6% Black 4% Hispanic / Latino 2%
• Common ancestry: Romanian 8% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Belmont

• 2024 margin: Solid R (+47.3) · D 26.0% · R 73.3%
• 2008→2024 swing: -50.0pp toward R · 2008: 2.7pp · 2024: -47.3pp
• All cycles: 2024: R+47.3 2020: R+43.6 2016: R+39.5 2012: R+8.4 2008: D+2.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.71%
• Current HPI: 159.7811
• 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

-3.3% since first listed

7 events — show timeline

• 2026-03-23 Listed $29,000 MLSNOW
• 2026-01-16 Listing Removed — MLSNOW
• 2025-11-25 Relisted — MLSNOW
• 2025-11-03 Contingent — MLSNOW
• 2025-10-16 Listed $50,000 MLSNOW
• 2003-04-10 Sold (Public Records) $33,000 Public Records
• 1994-02-28 Sold (Public Records) $30,000 Public Records

Property tax history

+6.5%/yr

Latest (2025): $291 · -63.5% YoY. Source: county tax records.