244 Lombardy Hts · Bridgeport, OH 43912

$25,000

2 bd · 1.0 ba · 832 sqft · SingleFamily public records · 220 Days on market

Built 1900 3,484 sqft lot $30/sqft · 52% below area

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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 +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY COURT OF COMMON PLEAS. Great opportunity to make this property your own. This property is vacant. The accepted contract is subject to court review and approval and will not be a quick close. See agent to agent remarks.

Key facts

• 3,484 sq ft lot
• Built 1900
• Listed 219 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $664 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Recommended offer: $22k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 75/100 on livability (#239 in OH, #3,844 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• 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; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 4 units permitted in Belmont County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $851 of equity ($173 loan paydown + $678 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 $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 220 days — a 12% lower offer ($22k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago; this cycle's ask has dropped $35k (58%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $9k; list at $25k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $22,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 220 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 1900 — 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. 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.
6. 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.
7. 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: 4.16% ✓
• Cap rate: 38.15%
• Cash-on-cash: 113.77%
• DSCR: 6.06
• GRM: 2.0

CMA / ARV

• ARV (median comp): $51,880
• List price: $25,000
• Delta: -51.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
61 Laipple St	0.17mi	2/2.0	910 (+9%)	8mo	$30,000	$33	66
12 Cromwell St	0.60mi	2/1.0	896 (+8%)	2mo	$51,000	$57	58
21 S.wabash St	0.31mi	2/1.0	752 (-10%)	14mo	$65,000	$86	58
30 Oak	0.49mi	2/1.0	856 (+3%)	23mo	$35,000	$41	53
9 Cromwell St	0.62mi	2/1.0	928 (+12%)	20mo	$65,000	$70	36

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: —
• Equity multiple: 7.42×
• Total profit: $44,910
• Equity at exit: $10,841

10-year hold

• IRR: —
• Equity multiple: 15.45×
• Total profit: $101,124
• Equity at exit: $16,403

Cash invested: $7,000 (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: 2.0×

Monthly cashflow live

• Estimated rent: $1,039 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$15 /mo · $186/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$218
• Net cashflow: $664

Break-even live

Break-even rent $199

Max offer price $25,000

Occupancy floor 31%

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
614 N Front St Wheeling, WV	2.0	1.0	1000	$1,500	$1.50	43d	1	0.71mi
6 5th St Wheeling, WV	1.0	1.0	651	$695	$1.07	43d	1	0.88mi
8 5th St Wheeling, WV	2.0	1.5	801	$824	$1.03	43d	1	0.88mi
2 16th St Wheeling, WV	1.0–3.0	1.0–2.0	1000	$9,156	$9.16	43d	1	1.21mi

Listing history 37 events

1. 2026-06-19
   days on market $25,000 Active 220 DOM
2. 2026-06-18
   days on market $25,000 Active 219 DOM
3. 2026-06-17
   days on market $25,000 Active 218 DOM
4. 2026-06-16
   days on market $25,000 Active 217 DOM
5. 2026-06-15
   days on market $25,000 Active 216 DOM
6. 2026-06-14
   days on market $25,000 Active 214 DOM
7. 2026-06-12
   days on market $25,000 Active 213 DOM
8. 2026-06-09
   days on market $25,000 Active 210 DOM
9. 2026-06-08
   days on market $25,000 Active 209 DOM
10. 2026-06-07
    days on market $25,000 Active 208 DOM
11. 2026-06-03
    days on market $25,000 Active 204 DOM
12. 2026-06-02
    days on market $25,000 Active 203 DOM
13. 2026-06-01
    days on market $25,000 Active 202 DOM
14. 2026-05-31
    days on market $25,000 Active 201 DOM
15. 2026-05-30
    days on market $25,000 Active 200 DOM
16. 2026-05-11
    price $25,000 279-char remark

    Show marketing remark (279 chars)

    THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY COURT OF COMMON PLEAS. Great opportunity to make this property your own. This property is vacant. The accepted contract is subject to court review and approval and will not be a quick close. See agent to agent remarks.

17. 2026-03-31
    price $30,000 279-char remark

    Show marketing remark (279 chars)

    THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY COURT OF COMMON PLEAS. Great opportunity to make this property your own. This property is vacant. The accepted contract is subject to court review and approval and will not be a quick close. See agent to agent remarks.

18. 2026-03-03
    price $35,000 279-char remark

    Show marketing remark (279 chars)

    THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY COURT OF COMMON PLEAS. Great opportunity to make this property your own. This property is vacant. The accepted contract is subject to court review and approval and will not be a quick close. See agent to agent remarks.

19. 2026-02-06
    price $40,000 279-char remark

    Show marketing remark (279 chars)

    THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY COURT OF COMMON PLEAS. Great opportunity to make this property your own. This property is vacant. The accepted contract is subject to court review and approval and will not be a quick close. See agent to agent remarks.

20. 2026-01-15
    price $43,000 279-char remark

    Show marketing remark (279 chars)

    THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY COURT OF COMMON PLEAS. Great opportunity to make this property your own. This property is vacant. The accepted contract is subject to court review and approval and will not be a quick close. See agent to agent remarks.

21. 2025-12-09
    price $45,000 279-char remark

    Show marketing remark (279 chars)

    THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY COURT OF COMMON PLEAS. Great opportunity to make this property your own. This property is vacant. The accepted contract is subject to court review and approval and will not be a quick close. See agent to agent remarks.

22. 2025-11-11
    listed $60,000 Active 279-char remark

    Show marketing remark (279 chars)

    THE REALTOR IS THE RECEIVER APPOINTED BY THE FRANKLIN COUNTY COURT OF COMMON PLEAS. Great opportunity to make this property your own. This property is vacant. The accepted contract is subject to court review and approval and will not be a quick close. See agent to agent remarks.

23. 2025-09-20
    historical
24. 2025-08-22
    listed $60,000 Active
25. 2023-11-24
    soldstatus $9,000 Closed
26. 2023-11-12
    status Pending
27. 2023-09-11
    price $11,500
28. 2023-08-11
    price $13,000
29. 2023-07-19
    listed $15,000 Active
30. 2023-05-15
    soldstatus $12,000 Closed
31. 2023-05-01
    status Pending
32. 2023-04-12
    price $13,900
33. 2023-04-07
    listed $17,900 Active
34. 2023-01-20
    historical
35. 2021-12-03
    listed $15,000 Active
36. 2020-03-21
    historical
37. 2019-09-21
    listed $20,000

ⓘ 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: $186 · $15/mo
• Projected year-2 tax: $288 · $24/mo
• Expected delta: +$102/yr (+$9/mo · 54.9%)

ⓘ 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 · 19 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: $12,466
• − Mortgage interest: −$1,400
• − Property taxes: −$186
• − Insurance: −$125
• − Repairs & maintenance: −$997
• − Management: −$997
• − Depreciation: −$727
• Taxable income: $8,033
• Est. tax owed @ 24.0%: −$1,928
• After-tax cash flow: $6,036/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 — Bridgeport

• Score: 75/100
• State rank: #239
• US rank: #3844

Category grades

Amenities F Commute F 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: Bridgeport, OH
• 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

+25.0% since first listed

22 events — show timeline

• 2026-05-11 Price Changed $25,000 CBRMLS
• 2026-03-31 Price Changed $30,000 CBRMLS
• 2026-03-03 Price Changed $35,000 CBRMLS
• 2026-02-06 Price Changed $40,000 CBRMLS
• 2026-01-15 Price Changed $43,000 CBRMLS
• 2025-12-09 Price Changed $45,000 CBRMLS
• 2025-11-11 Listed $60,000 CBRMLS
• 2025-09-20 Listing Removed — MLSNOW
• 2025-08-22 Listed $60,000 MLSNOW
• 2023-11-24 Sold (MLS) $9,000 MLSNOW
• 2023-11-12 Pending — MLSNOW
• 2023-09-11 Price Changed $11,500 MLSNOW
• 2023-08-11 Price Changed $13,000 MLSNOW
• 2023-07-19 Listed $15,000 MLSNOW
• 2023-05-15 Sold (MLS) $12,000 MLSNOW
• 2023-05-01 Pending — MLSNOW
• 2023-04-12 Price Changed $13,900 MLSNOW
• 2023-04-07 Listed $17,900 MLSNOW
• 2023-01-20 Listing Removed — MLSNOW
• 2021-12-03 Listed $15,000 MLSNOW
• 2020-03-21 Listing Removed — MLSNOW
• 2019-09-21 Listed $20,000 MLSNOW

Property tax history

+25.7%/yr

Latest (2025): $186 · +2.2% YoY. Source: county tax records.