1432 Madison Ave · Lorain, OH 44053

$125,000

3 bd · 1.0 ba · 1,077 sqft · SingleFamily public records · 15 Days on market

Built 1950 3,920 sqft lot $116/sqft · 11% above area Est $112k · 11% over

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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 +18.2/30.0
• DSCR +5.7/10.0
• 1% rule +4.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +2.4/15.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1432 Madison Ave, a delightful 3 bedroom, 2 bath home nestled in one of Lorain's charming neighborhoods. This home is perfect for anyone looking for a low-maintenance lifestyle without sacrificing comfort. The thoughtful layout makes the most of every square foot, offering 2 bedrooms on the main floor and a third bedroom on the second floor. Whatever your needs, this home delivers flexibility and function. Step outside of this corner lot property to enjoy a lovely backyard with detached garage. This home is located just a short distance from the lake, local shopping and dining.

Key facts

• 3,920 sq ft lot
• Garage
• Built 1950

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $112 ($1k/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 $117k (6.4% below list).
• Recommended offer: $117k (6.4% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 5.9% in Lorain — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: schools C-, amenities D, health & safety D.
• Lorain City (suburban): math 13% / reading 26% proficiency, ranked #633 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 78 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $8k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $125k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,049 (6.4% below list)

Questions for the listing agent

1. Built in 1950 — 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. 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?
4. 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?
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: 0.94% ✗
• Cap rate: 7.37%
• Cash-on-cash: 3.83%
• DSCR: 1.17
• GRM: 8.9

CMA / ARV

• ARV (median comp): $112,371
• List price: $125,000
• Delta: 11.24%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1432 Madison Ave	0.00mi	3/2.0	1,077 (0%)	0mo	$113,500	$105	96
1721 Tait St	0.13mi	3/1.0	1,007 (-6%)	11mo	$145,000	$144	74
1524 Lakeview Ave	0.07mi	2/1.0 (-1)	1,000 (-7%)	7mo	$110,000	$110	74
2233 Leavitt Rd	0.45mi	3/1.0	1,092 (+1%)	12mo	$102,000	$93	67
2235 Arrowhead St	0.26mi	3/2.0	1,120 (+4%)	13mo	$222,000	$198	66
1510 Nichols Ave	0.06mi	2/2.0 (-1)	1,000 (-7%)	13mo	$130,000	$130	66
1335 Hawthorne Ave	0.27mi	3/2.0	1,170 (+9%)	8mo	$193,000	$165	62
2015 Wallace Ln	0.31mi	3/2.0	1,200 (+11%)	1mo	$200,000	$167	62
1739 W 19th St	0.53mi	3/2.0	1,064 (-1%)	10mo	$142,300	$134	61
1352 Madison Ave	0.08mi	2/1.0 (-1)	946 (-12%)	12mo	$95,500	$101	61
215 N Leavitt Rd	0.27mi	3/2.0	1,236 (+15%)	5mo	$195,000	$158	54
1504 W 19th St	0.71mi	2/1.0 (-1)	951 (-12%)	4mo	$95,000	$100	39

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: -10.3%
• Equity multiple: 0.62×
• Total profit: $-13,150
• Equity at exit: $18,638

10-year hold

• IRR: -1.0%
• Equity multiple: 0.93×
• Total profit: $-2,339
• Equity at exit: $10,808

Cash invested: $35,000 (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 44053

• Home prices YoY: -31.3%
• Active inventory: 78
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,170 high
• Mortgage (P&I): −$656
• Tax from tax record: −$105 /mo · $1,264/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $112

Break-even live

Break-even rent $1,029

Max offer price $125,000

Occupancy floor 85%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2809 W Erie Ave Lorain, OH	1.0–2.0	1.0	800	$1,049	$1.31	1d	1	0.10mi
1712 W 12th St Lorain, OH	3.0	1.0	996	$1,295	$1.30	23d	1	0.54mi
1220 W 19th St Lorain, OH	4.0	1.0	1492	$1,550	$1.04	23d	1	0.95mi
1239 W 5th St Unit 1 Lorain, OH	3.0	1.0	1200	$1,100	$0.92	23d	1	1.08mi
1223 W 5th St Lorain, OH	3.0	2.0	1152	$1,150	$1.00	12d	1	1.11mi
1055 W 12th St Lorain, OH	4.0	1.0	1206	$1,750	$1.45	23d	1	1.17mi
1220 W Erie Ave Lorain, OH	2.0	2.0	1458	$1,050	$0.72	2d	1	1.19mi
1031 W 9th St Lorain, OH	2.0	1.0	854	$895	$1.05	23d	1	1.26mi
1053 Washington Ave Unit 4 Lorain, OH	3.0	1.0	1000	$899	$0.90	44d	1	1.33mi
930 W 18th St Lorain, OH	4.0	1.0	1344	$1,450	$1.08	44d	1	1.34mi
1028 W 5th St Lorain, OH	3.0	2.0	1250	$1,650	$1.32	44d	1	1.35mi
939 W 22nd St Lorain, OH	3.0	1.0	950	$1,295	$1.36	44d	1	1.38mi
2307 Washington Ave Lorain, OH	1.0–3.0	1.0	880	$1,499	$1.70	1d	1	1.41mi

Listing history 11 events

1. 2026-05-05
   status Pending 595-char remark

   Show marketing remark (595 chars)

   Welcome to 1432 Madison Ave, a delightful 3 bedroom, 2 bath home nestled in one of Lorain's charming neighborhoods. This home is perfect for anyone looking for a low-maintenance lifestyle without sacrificing comfort. The thoughtful layout makes the most of every square foot, offering 2 bedrooms on the main floor and a third bedroom on the second floor. Whatever your needs, this home delivers flexibility and function. Step outside of this corner lot property to enjoy a lovely backyard with detached garage. This home is located just a short distance from the lake, local shopping and dining.

2. 2026-04-30
   price $125,000 595-char remark

   Show marketing remark (595 chars)

   Welcome to 1432 Madison Ave, a delightful 3 bedroom, 2 bath home nestled in one of Lorain's charming neighborhoods. This home is perfect for anyone looking for a low-maintenance lifestyle without sacrificing comfort. The thoughtful layout makes the most of every square foot, offering 2 bedrooms on the main floor and a third bedroom on the second floor. Whatever your needs, this home delivers flexibility and function. Step outside of this corner lot property to enjoy a lovely backyard with detached garage. This home is located just a short distance from the lake, local shopping and dining.

3. 2026-04-19
   listed $133,000 Active 595-char remark

   Show marketing remark (595 chars)

   Welcome to 1432 Madison Ave, a delightful 3 bedroom, 2 bath home nestled in one of Lorain's charming neighborhoods. This home is perfect for anyone looking for a low-maintenance lifestyle without sacrificing comfort. The thoughtful layout makes the most of every square foot, offering 2 bedrooms on the main floor and a third bedroom on the second floor. Whatever your needs, this home delivers flexibility and function. Step outside of this corner lot property to enjoy a lovely backyard with detached garage. This home is located just a short distance from the lake, local shopping and dining.

4. 2025-04-21
   listed $139,900 Active
5. 2024-10-17
   historical
6. 2024-10-02
   price $139,900
7. 2024-09-20
   price $149,900
8. 2024-09-10
   listed $157,900 Active
9. 2020-11-12
   soldstatus $45,000
10. 1994-09-30
    soldstatus $30,000
11. 1986-01-22
    soldstatus $36,300

ⓘ 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: $1,264 · $105/mo
• Projected year-2 tax: $1,607 · $134/mo
• Expected delta: +$343/yr (+$29/mo · 27.2%)

ⓘ 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 · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,046
• − Mortgage interest: −$7,002
• − Property taxes: −$1,264
• − Insurance: −$625
• − Repairs & maintenance: −$1,124
• − Management: −$1,124
• − Depreciation: −$3,636
• Taxable loss: −$729
• Est. tax savings @ 24.0%: +$175
• After-tax cash flow: $1,516/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: Lorain City
• NCES district ID: 3904426
• Math proficiency: 13% ▼ -24.00%
• Reading proficiency: 26% ▼ -10.00%
• Median HH income: $32,823
• Composite: 15.81/100
• National rank: #9266
• State rank: #633 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

• Census place: Lorain, OH
• County: Lorain County · 219,437 people
• City population: 69,409
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 21,084
• Household income: $67,484
• Rent vs Own: 33.4% rent · 66.6% own
• Severe rent burden: 921.0

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: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 22% Two or more races 14% Black 11%
• Hispanic origin (detail): Mexican 4% Puerto Rican 16% Cuban 2%
• Common ancestry: Romanian 8% Lithuanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 8% Russian/Polish/Slavic 1%

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: ▼ -91.03%
• Current HPI: 199.4591
• 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

+244.4% since first listed

11 events — show timeline

• 2026-05-05 Pending — MLSNOW
• 2026-04-30 Price Changed $125,000 MLSNOW
• 2026-04-19 Listed $133,000 MLSNOW
• 2025-04-21 Listed $139,900 MLSNOW
• 2024-10-17 Listing Removed — MLSNOW
• 2024-10-02 Price Changed $139,900 MLSNOW
• 2024-09-20 Price Changed $149,900 MLSNOW
• 2024-09-10 Listed $157,900 MLSNOW
• 2020-11-12 Sold (Public Records) $45,000 Public Records
• 1994-09-30 Sold (Public Records) $30,000 Public Records
• 1986-01-22 Sold (Public Records) $36,300 Public Records

Property tax history

+0.8%/yr

Latest (2025): $1,264 · -4.9% YoY. Source: county tax records.