304 Lowell Ave NE · Warren, OH 44483

$89,900

3 bd · 1.0 ba · 2,024 sqft · SingleFamily public records · 35 Days on market

Built 1919 6,960 sqft lot $44/sqft · 23% below area Est $117k · 23% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• 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

Looking for a lot of living space for an amazing price??? This 3 bedroom home has 2 oversized living spaces, an eat in kitchen with new cupboards throughout and a full and half bath. There is a huge 2 car garage, a great wood deck and a beautiful front porch. At this price, this home won't last long!

Key facts

• Decorative staircase
• Finished attic
• Beamed ceilings

Tags

• DECORATIVE STAIRCASE
• CHANDELIER
• GLASS DOORS
• BREAKFAST BAR
• BEAMED CEILINGS
• FINISHED ATTIC

Property features AI

Exterior

• Parking: Detached 2-car garage; Driveway
• Utilities: Public water; Public sewer
• Home design: Two-story single-family home; Block foundation
• Construction: Asphalt construction details; Asphalt/fiberglass roof; Built according to public records (year built source)
• Exterior features: Deck; Porch; Backyard with fire pit; Exterior lighting; Back yard fencing; City lot

Interior

• Kitchen: Eat-in kitchen with patio doors and breakfast bar; Refrigerator; Dishwasher; Microwave
• Bedrooms: Master bedroom on second level with closet and natural wood floors; Second-level bedroom with 2 windows, closet, and natural wood floors; Second-level bedroom with one window, closet, and natural wood floors
• Flooring: Natural wood floors in bedrooms and living room; Laminate flooring in dining room and first-level half bath; Linoleum in family room
• Bathrooms: Full master bathroom on second level with tub/shower, double bowl sink, toilet and storage; Half bathroom on first level with mirror, toilet and sink
• Heating & cooling: Forced-air gas heating; Central air conditioning; Ceiling fans
• Interior features: Beamed ceilings; Built-in bookcases; Ceiling fans; Crown molding; Eat-in kitchen; Laminate countertops; Storage; Natural woodwork; Double-pane windows; Window treatments
• Laundry & utility: Laundry located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $485 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.8% 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; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($49k/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 $622 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago 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.
• Current owner paid $36k; list at $90k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 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 1919 — 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. 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: 1.49% ✓
• Cap rate: 12.77%
• Cash-on-cash: 23.12%
• DSCR: 2.03
• GRM: 5.6

CMA / ARV

• ARV (median comp): $116,505
• List price: $89,900
• Delta: -22.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
146 Bonnie Brae Ave NE	0.22mi	4/2.0 (+1)	1,850 (-9%)	3mo	$155,000	$84	64
451 Fairmount Ave NE	0.23mi	4/2.5 (+1)	1,941 (-4%)	10mo	$125,000	$64	64
1528 Sunset	0.29mi	4/2.0 (+1)	1,844 (-9%)	4mo	$195,000	$106	59
210 Fairmount Ave NE	0.25mi	4/2.0 (+1)	1,768 (-13%)	1mo	$170,000	$96	58
199 Genesee Ave NE	0.49mi	3/2.0	1,920 (-5%)	10mo	$166,000	$86	56
165 Oak Knoll Ave NE	0.44mi	3/2.0	1,800 (-11%)	3mo	$185,000	$103	55
454 Washington St NE	0.59mi	3/1.0	1,830 (-10%)	2mo	$65,000	$36	55
246 Oak Knoll Ave SE	0.56mi	3/2.0	1,828 (-10%)	8mo	$152,000	$83	47
254 Genesee Ave NE	0.51mi	3/2.5	2,265 (+12%)	12mo	$290,000	$128	40
548 Adelaide Ave SE	0.71mi	4/1.5 (+1)	1,786 (-12%)	7mo	$62,500	$35	34
1054 Genesee Ave NE	0.74mi	4/2.5 (+1)	1,823 (-10%)	5mo	$229,500	$126	34
506 Oak Knoll Ave SE	0.65mi	4/2.0 (+1)	1,753 (-13%)	8mo	$202,500	$116	32

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: 16.1%
• Equity multiple: 1.65×
• Total profit: $16,310
• Equity at exit: $13,404

10-year hold

• IRR: 24.7%
• Equity multiple: 3.14×
• Total profit: $53,933
• Equity at exit: $7,773

Cash invested: $25,172 (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: 5.6×

Monthly cashflow live

• Estimated rent: $1,338 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$63 /mo · $753/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $485

Break-even live

Break-even rent $724

Max offer price $89,900

Occupancy floor 59%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $89,900 Active 35 DOM
2. 2026-06-18
   days on market $89,900 Active 34 DOM
3. 2026-06-17
   days on market $89,900 Active 33 DOM
4. 2026-06-16
   days on market $89,900 Active 32 DOM
5. 2026-06-15
   days on market $89,900 Active 31 DOM
6. 2026-06-14
   days on market $89,900 Active 29 DOM
7. 2026-06-13
   days on market $89,900 Active 28 DOM
8. 2026-06-10
   days on market $89,900 Active 26 DOM
9. 2026-06-09
   days on market $89,900 Active 25 DOM
10. 2026-06-08
    days on market $89,900 Active 24 DOM
11. 2026-06-07
    days on market $89,900 Active 23 DOM
12. 2026-06-05
    days on market $89,900 Active 20 DOM
13. 2026-06-02
    days on market $89,900 Active 18 DOM
14. 2026-06-01
    days on market $89,900 Active 17 DOM
15. 2026-05-31
    days on market $89,900 Active 16 DOM
16. 2026-05-30
    days on market $89,900 Active 15 DOM
17. 2026-05-15
    listed $89,900 Active 846-char remark
18. 2020-11-24
    soldstatus $36,000
19. 2020-11-23
    soldstatus $36,000 Closed 302-char remark

    Show marketing remark (302 chars)

    Looking for a lot of living space for an amazing price??? This 3 bedroom home has 2 oversized living spaces, an eat in kitchen with new cupboards throughout and a full and half bath. There is a huge 2 car garage, a great wood deck and a beautiful front porch. At this price, this home won't last long!

20. 2020-10-29
    status Pending 302-char remark

    Show marketing remark (302 chars)

    Looking for a lot of living space for an amazing price??? This 3 bedroom home has 2 oversized living spaces, an eat in kitchen with new cupboards throughout and a full and half bath. There is a huge 2 car garage, a great wood deck and a beautiful front porch. At this price, this home won't last long!

21. 2020-10-26
    listed $39,000 Active 302-char remark

    Show marketing remark (302 chars)

    Looking for a lot of living space for an amazing price??? This 3 bedroom home has 2 oversized living spaces, an eat in kitchen with new cupboards throughout and a full and half bath. There is a huge 2 car garage, a great wood deck and a beautiful front porch. At this price, this home won't last long!

ⓘ 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: $753 · $63/mo
• Projected year-2 tax: $1,078 · $90/mo
• Expected delta: +$324/yr (+$27/mo · 43.1%)

ⓘ 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 ≥97°F today · 15 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: $16,050
• − Mortgage interest: −$5,036
• − Property taxes: −$753
• − Insurance: −$450
• − Repairs & maintenance: −$1,284
• − Management: −$1,284
• − Depreciation: −$2,615
• Taxable income: $4,628
• Est. tax owed @ 24.0%: −$1,111
• After-tax cash flow: $4,709/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

+130.5% since first listed

5 events — show timeline

• 2026-05-15 Listed $89,900 MLSNOW
• 2020-11-24 Sold (Public Records) $36,000 Public Records
• 2020-11-23 Sold (MLS) $36,000 MLSNOW
• 2020-10-29 Pending — MLSNOW
• 2020-10-26 Listed $39,000 MLSNOW

Property tax history

+4.5%/yr

Latest (2025): $753 · +1.9% YoY. Source: county tax records.