642 St Clair Ave · Warren, OH 44483

$15,000

3 bd · 1.0 ba · 1,240 sqft · SingleFamily · 58 Days on market

Built 1918 5,475 sqft lot

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Handyman Special! The three-bedroom, one-bath home needs repairs in Warren. It's on the condemned list and will require a $15,000 bond or cash payment to the City of Warren Health Department to stop the demolition order - CASH ONLY. Seller will review offers next week.

Key facts

• Covered front porch
• Built-in cabinetry
• Overhead beams

Tags

• COVERED FRONT PORCH
• REAR STORAGE SHED
• RICH WOODWORK
• BUILT-IN CABINETRY
• OVERHEAD BEAMS
• HIDDEN ATTIC ACCESS

Property features AI

Finance

• Financial info: Annual tax listed (2025)

Exterior

• Utilities: Public water; Public sewer
• Home design: Two-story home; Fixer condition
• Construction: Vinyl and wood siding; Asphalt/fiberglass roof; Built per public records
• Exterior features: Public water; Public sewer

Interior

• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heating
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $806 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Recommended offer: $15k (3.0% below list) — sets the bar for market timing.
• Cap rate 70.8% vs local median 6.0% in Warren — 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 73/100 on livability (#312 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime D-, commute F, employment F.
• Warren City (urban): math 22% / reading 32% proficiency, ranked #599 of 656 in OH (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 107 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $104 of loan paydown is wiped out by about $450 of value loss. Plan a longer hold.
• Trumbull County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($15k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $5k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $15k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $14,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1918 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 7.68% ✓
• Cap rate: 70.79%
• Cash-on-cash: 230.35%
• DSCR: 11.25
• GRM: 1.1

CMA / ARV

• ARV (on-the-fly): $93,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
598 High St NE	0.15mi	3/1.5	1,279 (+3%)	9mo	$96,000	$75	79
265 Charles Ave NE	0.28mi	3/1.0	1,296 (+4%)	6mo	$118,000	$91	74
1049 Mckinley St NE	0.27mi	3/1.0	1,120 (-10%)	3mo	$40,000	$36	69
223 Laird Ave NE	0.47mi	3/1.0	1,286 (+4%)	6mo	$144,900	$113	67
408 Chestnut Ave NE	0.09mi	3/1.0	1,418 (+14%)	9mo	$50,500	$36	64
1180 Harrison St	0.37mi	3/1.0	1,376 (+11%)	1mo	$89,900	$65	63
204 Atlantic St NE	0.48mi	3/1.0	1,344 (+8%)	3mo	$103,000	$77	61
752 Laird Ave NE	0.58mi	4/2.0 (+1)	1,200 (-3%)	3mo	$74,000	$62	57
235 Iddings Ave SE	0.52mi	3/1.0	1,323 (+7%)	10mo	$39,000	$29	56
1172 Mckinley St NE	0.37mi	2/1.0 (-1)	1,392 (+12%)	5mo	$47,000	$34	53
234 Kenilworth Ave NE	0.74mi	3/1.5	1,326 (+7%)	9mo	$138,000	$104	44
356 Laird Ave SE	0.63mi	4/2.0 (+1)	1,404 (+13%)	6mo	$127,000	$90	34

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: —
• Equity multiple: 12.65×
• Total profit: $48,935
• Equity at exit: $2,237

10-year hold

• IRR: —
• Equity multiple: 26.91×
• Total profit: $108,802
• Equity at exit: $1,297

Cash invested: $4,200 (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 44483

• Home prices YoY: -16.3%
• Active inventory: 107
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $1,152 high
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $806

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 25%

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
407 Washington St NE Niles, OH	3.0	1.5	1388	$1,250	$0.90	13d	1	0.24mi
341 Charles AVE Warren, OH	3.0	1.0	1232	$1,100	$0.89	44d	1	0.55mi
1216 Hollywood St NE Warren, OH	3.0	1.0	1158	$1,050	$0.91	21d	1	0.67mi
840 Woodbine Ave SE Unit 838 Warren, OH	2.0	1.0	1009	$1,000	$0.99	13d	1	1.07mi
1151 Kenilworth Ave SE Warren, OH	2.0	1.0	1207	$900	$0.75	13d	1	1.17mi
259 Perkinswood Blvd NE Warren, OH	1.0–2.0	1.0	743	$845	$1.14	13d	3	1.31mi
2232 Youngstown Rd SE Warren, OH	2.0	1.0	800	$1,050	$1.31	13d	1	1.39mi

Listing history 25 events

1. 2026-06-17
   status $15,000 Pending 58 DOM
2. 2026-06-17
   days on market $15,000 Active 58 DOM
3. 2026-06-16
   days on market $15,000 Active 57 DOM
4. 2026-06-15
   days on market $15,000 Active 56 DOM
5. 2026-06-14
   days on market $15,000 Active 54 DOM
6. 2026-06-13
   days on market $15,000 Active 53 DOM
7. 2026-06-10
   days on market $15,000 Active 51 DOM
8. 2026-06-09
   days on market $15,000 Active 50 DOM
9. 2026-06-08
   days on market $15,000 Active 49 DOM
10. 2026-06-07
    days on market $15,000 Active 48 DOM
11. 2026-06-05
    days on market $15,000 Active 45 DOM
12. 2026-06-02
    days on market $15,000 Active 43 DOM
13. 2026-06-01
    days on market $15,000 Active 42 DOM
14. 2026-05-31
    days on market $15,000 Active 41 DOM
15. 2026-05-30
    days on market $15,000 Active 40 DOM
16. 2026-05-18
    status Active
17. 2026-04-08
    status Pending
18. 2026-03-30
    price $15,000
19. 2026-03-23
    status Active
20. 2026-03-17
    status Pending
21. 2026-03-04
    listed $20,000 Active
22. 2025-09-18
    soldstatus $7,500 Closed 269-char remark

    Show marketing remark (269 chars)

    Handyman Special! The three-bedroom, one-bath home needs repairs in Warren. It's on the condemned list and will require a $15,000 bond or cash payment to the City of Warren Health Department to stop the demolition order - CASH ONLY. Seller will review offers next week.

23. 2025-04-21
    status Pending 269-char remark

    Show marketing remark (269 chars)

    Handyman Special! The three-bedroom, one-bath home needs repairs in Warren. It's on the condemned list and will require a $15,000 bond or cash payment to the City of Warren Health Department to stop the demolition order - CASH ONLY. Seller will review offers next week.

24. 2025-04-21
    historical 269-char remark

    Show marketing remark (269 chars)

    Handyman Special! The three-bedroom, one-bath home needs repairs in Warren. It's on the condemned list and will require a $15,000 bond or cash payment to the City of Warren Health Department to stop the demolition order - CASH ONLY. Seller will review offers next week.

25. 2025-04-16
    listed $9,500 Active 269-char remark

    Show marketing remark (269 chars)

    Handyman Special! The three-bedroom, one-bath home needs repairs in Warren. It's on the condemned list and will require a $15,000 bond or cash payment to the City of Warren Health Department to stop the demolition order - CASH ONLY. Seller will review offers next week.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,821
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$1,106
• − Management: −$1,106
• − Depreciation: −$436
• Taxable income: $10,033
• Est. tax owed @ 24.0%: −$2,408
• After-tax cash flow: $7,267/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: Warren City
• NCES district ID: 3904499
• Math proficiency: 22% ▼ -16.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $28,222
• Composite: 21.6/100
• National rank: #8299
• State rank: #599 of 656 in OH

Livability — Warren

• Score: 73/100
• State rank: #312
• US rank: #5068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warren, OH
• County: Trumbull County · 61,158 people
• City population: 25,805
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 25,805
• Household income: $49,017
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 989.0

Population outlook (Trumbull County) Hauer SSP2

• Today (2025): 191,696 people
• By 2030: 184,015 · -4.0%
• By 2040: 166,810 · -13.0%
• By 2050: 149,857 · -21.8%
• By 2075: 115,769 · -39.6%
• By 2100: 83,617 · -56.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 14% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Romanian 3% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Other Indo-European 2% Spanish 2%

Political lean MEDSL · Trumbull

• 2024 margin: R (+16.8) · D 41.2% · R 58.0%
• 2008→2024 swing: -39.2pp toward R · 2008: 22.4pp · 2024: -16.8pp
• All cycles: 2024: R+16.8 2020: R+10.6 2016: R+6.4 2012: D+22.2 2008: D+22.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.50%
• Current HPI: 218.3455
• Rent YoY: —
• Metro: Youngstown-Warren-Boardman, OH-PA
• 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

+57.9% since first listed

10 events — show timeline

• 2026-05-18 Relisted — MLSNOW
• 2026-04-08 Pending — MLSNOW
• 2026-03-30 Price Changed $15,000 MLSNOW
• 2026-03-23 Relisted — MLSNOW
• 2026-03-17 Pending — MLSNOW
• 2026-03-04 Listed $20,000 MLSNOW
• 2025-09-18 Sold (MLS) $7,500 MLSNOW
• 2025-04-21 Pending — MLSNOW
• 2025-04-21 Listing Removed — MLSNOW
• 2025-04-16 Listed $9,500 MLSNOW