966 Lanterman Ave · Youngstown, OH 44511

$119,000

3 bd · 1.0 ba · 1,263 sqft · SingleFamily public records · 28 Days on market

Built 1924 0.28 ac lot Est $174k · 32% under

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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 +29.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great 2 story brick home on a double corner lot. Brand new roof, gutters and spouting in 2021, new gas furnace in 2020. Most windows were new within the last 20 years. Hardwood floors in many of the rooms. Large living room, formal dining room, office area and kitchen on the main floor. 3 bedrooms with full bathroom on second floor. Wonderful large yard with a wood fence on the left side of the home. Detached single car garage, also brick.

Key facts

• Versatile bonus room
• Spacious living room
• 0.28 acre lot

Tags

• CLASSIC BRICK TWO STORY HOME
• WELCOMING FRONT PORCH
• SPACIOUS LIVING ROOM
• VERSATILE BONUS ROOM
• ORIGINAL HARDWOOD FLOORS
• DETACHED SINGLE CAR GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $117k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 7.0% in Youngstown — 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 81/100 on livability (#99 in OH, #1,506 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Youngstown City (urban): math 8% / reading 17% proficiency, ranked #649 of 656 in OH (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 88% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 73 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $823 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Mahoning County population projected at -14% 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 $33k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 34y ago; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $69k; list at $119k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,215 (1.5% below list)

Questions for the listing agent

1. Built in 1924 — 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. 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: 1.25% ✓
• Cap rate: 10.72%
• Cash-on-cash: 15.83%
• DSCR: 1.70
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $174,294
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
950 Bonnie Brae Ave	0.07mi	3/2.0	1,206 (-4%)	3mo	$145,000	$120	83
3309 Bears Den Rd	0.43mi	2/1.0 (-1)	1,260 (-0%)	2mo	$125,000	$99	73
970 Bonnie Brae Ave	0.06mi	3/2.0	1,409 (+12%)	2mo	$160,000	$114	72
4061 Riverside Dr	0.67mi	3/1.0	1,262 (-0%)	3mo	$175,000	$139	66
2702 Bears Den Rd	0.63mi	3/1.0	1,248 (-1%)	5mo	$193,000	$155	65
2138 Hermosa Dr	0.62mi	3/1.5	1,206 (-4%)	1mo	$175,000	$145	61
2127 Hermosa Dr	0.60mi	4/1.5 (+1)	1,284 (+2%)	8mo	$177,000	$138	56
3448 Risher Rd	0.50mi	3/2.0	1,399 (+11%)	2mo	$144,900	$104	53
3209 Hermosa Dr	0.50mi	2/2.0 (-1)	1,355 (+7%)	5mo	$82,001	$61	52
4003 Shelby Rd	0.62mi	3/1.0	1,158 (-8%)	7mo	$162,000	$140	52
2152 Gregory Ave	0.63mi	4/1.5 (+1)	1,351 (+7%)	9mo	$150,000	$111	44
2426 Kirk Rd	0.67mi	4/1.0 (+1)	1,426 (+13%)	8mo	$213,000	$149	35

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: 6.7%
• Equity multiple: 1.26×
• Total profit: $8,676
• Equity at exit: $17,743

10-year hold

• IRR: 16.0%
• Equity multiple: 2.30×
• Total profit: $43,466
• Equity at exit: $10,289

Cash invested: $33,320 (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 44511

• Home prices YoY: -12.6%
• Active inventory: 73
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,484 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$60 /mo · $714/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $439

Break-even live

Break-even rent $928

Max offer price $119,000

Occupancy floor 65%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3639 Shelby Rd Youngstown, OH	2.0	1.0	936	$1,200	$1.28	21d	1	0.56mi

Listing history 26 events

1. 2026-06-19
   days on market $119,000 Active 28 DOM
2. 2026-06-18
   days on market $119,000 Active 27 DOM
3. 2026-06-17
   days on market $119,000 Active 26 DOM
4. 2026-06-16
   days on market $119,000 Active 25 DOM
5. 2026-06-15
   days on market $119,000 Active 24 DOM
6. 2026-06-14
   days on market $119,000 Active 22 DOM
7. 2026-06-13
   pricedays on market $119,000 Active 21 DOM
8. 2026-06-10
   days on market $129,000 Active 19 DOM
9. 2026-06-09
   days on market $129,000 Active 18 DOM
10. 2026-06-08
    statusdays on market $129,000 Active 17 DOM
11. 2026-06-07
    days on market $129,000 Contingent 16 DOM
12. 2026-06-03
    days on market $129,000 Contingent 12 DOM
13. 2026-06-02
    days on market $129,000 Contingent 11 DOM
14. 2026-06-01
    days on market $129,000 Contingent 10 DOM
15. 2026-05-31
    status $129,000 Contingent 9 DOM
16. 2026-05-31
    days on market $129,000 Active 9 DOM
17. 2026-05-30
    days on market $129,000 Active 8 DOM
18. 2026-05-22
    listed $139,000 Active
19. 2021-08-30
    soldstatus $69,000 Closed 444-char remark

    Show marketing remark (444 chars)

    Great 2 story brick home on a double corner lot. Brand new roof, gutters and spouting in 2021, new gas furnace in 2020. Most windows were new within the last 20 years. Hardwood floors in many of the rooms. Large living room, formal dining room, office area and kitchen on the main floor. 3 bedrooms with full bathroom on second floor. Wonderful large yard with a wood fence on the left side of the home. Detached single car garage, also brick.

20. 2021-07-29
    status Pending 444-char remark

    Show marketing remark (444 chars)

    Great 2 story brick home on a double corner lot. Brand new roof, gutters and spouting in 2021, new gas furnace in 2020. Most windows were new within the last 20 years. Hardwood floors in many of the rooms. Large living room, formal dining room, office area and kitchen on the main floor. 3 bedrooms with full bathroom on second floor. Wonderful large yard with a wood fence on the left side of the home. Detached single car garage, also brick.

21. 2021-07-22
    price $79,900 444-char remark

    Show marketing remark (444 chars)

    Great 2 story brick home on a double corner lot. Brand new roof, gutters and spouting in 2021, new gas furnace in 2020. Most windows were new within the last 20 years. Hardwood floors in many of the rooms. Large living room, formal dining room, office area and kitchen on the main floor. 3 bedrooms with full bathroom on second floor. Wonderful large yard with a wood fence on the left side of the home. Detached single car garage, also brick.

22. 2021-07-02
    listed $84,900 Active 444-char remark

    Show marketing remark (444 chars)

    Great 2 story brick home on a double corner lot. Brand new roof, gutters and spouting in 2021, new gas furnace in 2020. Most windows were new within the last 20 years. Hardwood floors in many of the rooms. Large living room, formal dining room, office area and kitchen on the main floor. 3 bedrooms with full bathroom on second floor. Wonderful large yard with a wood fence on the left side of the home. Detached single car garage, also brick.

23. 2005-12-31
    historical
24. 2005-06-18
    listed $49,900
25. 1993-08-20
    soldstatus $26,500
26. 1992-08-12
    listed $31,500

ⓘ 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: $714 · $60/mo
• Projected year-2 tax: $1,285 · $107/mo
• Expected delta: +$571/yr (+$48/mo · 80.0%)

ⓘ 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 ≥96°F today · 17 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: $17,812
• − Mortgage interest: −$6,666
• − Property taxes: −$714
• − Insurance: −$595
• − Repairs & maintenance: −$1,425
• − Management: −$1,425
• − Depreciation: −$3,462
• Taxable income: $3,525
• Est. tax owed @ 24.0%: −$846
• After-tax cash flow: $4,428/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: Youngstown City
• NCES district ID: 3904516
• Math proficiency: 8% ▼ -15.00%
• Reading proficiency: 17% ▼ -10.00%
• Median HH income: $25,257
• Composite: 9.29/100
• National rank: #9858
• State rank: #649 of 656 in OH

Livability — Youngstown

• Score: 81/100
• State rank: #99
• US rank: #1506

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Youngstown, OH
• County: Mahoning County · 84,956 people
• City population: 28,503
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 18,909
• Household income: $56,880
• Rent vs Own: 21.4% rent · 78.6% own
• Severe rent burden: 336.0

Population outlook (Mahoning County) Hauer SSP2

• Today (2025): 223,932 people
• By 2030: 218,387 · -2.5%
• By 2040: 205,367 · -8.3%
• By 2050: 193,606 · -13.5%
• By 2075: 173,694 · -22.4%
• By 2100: 151,147 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 23% Hispanic / Latino 8% Two or more races 7% Native American 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 5% Lithuanian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Mahoning

• 2024 margin: Lean R (+9.4) · D 44.9% · R 54.4%
• 2008→2024 swing: -36.1pp toward R · 2008: 26.6pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+1.9 2016: D+3.0 2012: D+27.7 2008: D+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.81%
• Current HPI: 283.9088
• 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

+341.3% since first listed

9 events — show timeline

• 2026-05-22 Listed $139,000 MLSNOW
• 2021-08-30 Sold (MLS) $69,000 MLSNOW
• 2021-07-29 Pending — MLSNOW
• 2021-07-22 Price Changed $79,900 MLSNOW
• 2021-07-02 Listed $84,900 MLSNOW
• 2005-12-31 Listing Removed — MLSNOW
• 2005-06-18 Listed $49,900 MLSNOW
• 1993-08-20 Sold (Public Records) $26,500 Public Records
• 1992-08-12 Listed $31,500 MLSNOW

Property tax history

+9.5%/yr

Latest (2025): $714 · -11.8% YoY. Source: county tax records.