143 S Point Dr · Avon Lake, OH 44012

$134,700

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 77 Days on market

Built 1940 5,662 sqft lot $200/sqft · 25% below area Est $179k · 25% under ↓ 20% since listing

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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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• Schools +7.0/10.0
• 1% rule +6.6/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity is knocking in Avon Lake! This property is perfect for savvy investors or buyers looking to create instant equity. With solid bones and a desirable location, this home offers the ideal canvas for a light cosmetic update or a full value-add project. Strong rental potential or resale upside in an area known for its stability and demand. Just minutes from Lake Erie, parks, shopping, and major conveniences, location alone makes this one worth a look. Whether you're building your portfolio or searching for your next flip, this is the kind of opportunity that doesn't sit long. Bring your vision and unlock the potential!

Key facts

• Access to parks
• Desirable location
• Access to shopping

Tags

• DESIRABLE LOCATION
• STRONG RENTAL POTENTIAL
• RESALE UPSIDE
• MINUTES FROM LAKE ERIE
• ACCESS TO PARKS
• ACCESS TO SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $127k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 3.2% in Avon Lake — 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 84/100 on livability (#52 in OH, #736 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, employment A+; Watch: commute F.
• Avon Lake City (suburban): math 78% / reading 80% proficiency, ranked #48 of 656 in OH (top 7%) — strong family-tenant draw, lease renewals of 3-5y typical; only 10% free/reduced lunch — higher-income household profile.
• Market conditions: 178 active listings in the ZIP; high-income renter base; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent is only 16% of the median local income ($116k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $931 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,618 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.16% ✓
• Cap rate: 9.62%
• Cash-on-cash: 11.89%
• DSCR: 1.53
• GRM: 7.2

CMA / ARV

• ARV (median comp): $179,132
• List price: $134,700
• Delta: -24.80%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
124 Norman Ave	0.23mi	1/1.0 (-1)	688 (+2%)	8mo	$169,900	$247	74
128 Vanda Ave	0.21mi	2/1.0	636 (-5%)	11mo	$185,000	$291	72
193 Lear Rd	0.22mi	2/1.0	728 (+8%)	12mo	$180,000	$247	66
191 Lear Rd	0.21mi	2/1.0	732 (+9%)	12mo	$175,000	$239	65

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: 1.4%
• Equity multiple: 1.05×
• Total profit: $1,961
• Equity at exit: $20,084

10-year hold

• IRR: 11.0%
• Equity multiple: 1.86×
• Total profit: $32,282
• Equity at exit: $11,646

Cash invested: $37,716 (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 44012

• Active inventory: 178
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,561 medium
• Mortgage (P&I): −$706
• Tax from tax record: −$97 /mo · $1,162/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $374

Break-even live

Break-even rent $1,088

Max offer price $134,700

Occupancy floor 71%

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: $33,675
• Closing costs: $4,041
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-13
   statusdays on market $134,700 Pending 77 DOM
2. 2026-06-09
   days on market $134,700 Active 76 DOM
3. 2026-06-08
   days on market $134,700 Active 75 DOM
4. 2026-06-07
   days on market $134,700 Active 74 DOM
5. 2026-06-05
   days on market $134,700 Active 71 DOM
6. 2026-06-03
   days on market $134,700 Active 70 DOM
7. 2026-06-02
   days on market $134,700 Active 69 DOM
8. 2026-06-01
   days on market $134,700 Active 68 DOM
9. 2026-05-31
   days on market $134,700 Active 67 DOM
10. 2026-05-04
    price $139,700 633-char remark

    Show marketing remark (633 chars)

    Opportunity is knocking in Avon Lake! This property is perfect for savvy investors or buyers looking to create instant equity. With solid bones and a desirable location, this home offers the ideal canvas for a light cosmetic update or a full value-add project. Strong rental potential or resale upside in an area known for its stability and demand. Just minutes from Lake Erie, parks, shopping, and major conveniences, location alone makes this one worth a look. Whether you're building your portfolio or searching for your next flip, this is the kind of opportunity that doesn't sit long. Bring your vision and unlock the potential!

11. 2026-04-16
    price $149,700 633-char remark

    Show marketing remark (633 chars)

    Opportunity is knocking in Avon Lake! This property is perfect for savvy investors or buyers looking to create instant equity. With solid bones and a desirable location, this home offers the ideal canvas for a light cosmetic update or a full value-add project. Strong rental potential or resale upside in an area known for its stability and demand. Just minutes from Lake Erie, parks, shopping, and major conveniences, location alone makes this one worth a look. Whether you're building your portfolio or searching for your next flip, this is the kind of opportunity that doesn't sit long. Bring your vision and unlock the potential!

12. 2026-04-01
    price $159,700 633-char remark

    Show marketing remark (633 chars)

    Opportunity is knocking in Avon Lake! This property is perfect for savvy investors or buyers looking to create instant equity. With solid bones and a desirable location, this home offers the ideal canvas for a light cosmetic update or a full value-add project. Strong rental potential or resale upside in an area known for its stability and demand. Just minutes from Lake Erie, parks, shopping, and major conveniences, location alone makes this one worth a look. Whether you're building your portfolio or searching for your next flip, this is the kind of opportunity that doesn't sit long. Bring your vision and unlock the potential!

13. 2026-03-25
    listed $174,900 Active 633-char remark

    Show marketing remark (633 chars)

    Opportunity is knocking in Avon Lake! This property is perfect for savvy investors or buyers looking to create instant equity. With solid bones and a desirable location, this home offers the ideal canvas for a light cosmetic update or a full value-add project. Strong rental potential or resale upside in an area known for its stability and demand. Just minutes from Lake Erie, parks, shopping, and major conveniences, location alone makes this one worth a look. Whether you're building your portfolio or searching for your next flip, this is the kind of opportunity that doesn't sit long. Bring your vision and unlock the potential!

ⓘ 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: $1,162 · $97/mo
• Projected year-2 tax: $1,631 · $136/mo
• Expected delta: +$470/yr (+$39/mo · 40.5%)

ⓘ 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 · 18 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: $18,731
• − Mortgage interest: −$7,545
• − Property taxes: −$1,162
• − Insurance: −$674
• − Repairs & maintenance: −$1,498
• − Management: −$1,498
• − Depreciation: −$3,919
• Taxable income: $2,435
• Est. tax owed @ 24.0%: −$584
• After-tax cash flow: $3,901/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: Avon Lake City
• NCES district ID: 3904812
• Math proficiency: 78% ▼ -10.00%
• Reading proficiency: 80% ▼ -6.00%
• Median HH income: $79,608
• Composite: 69.66/100
• National rank: #296
• State rank: #48 of 656 in OH

Livability — Avon Lake

• Score: 84/100
• State rank: #52
• US rank: #736

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Avon Lake, OH
• County: Lorain County · 219,437 people
• City population: 25,752
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 25,752
• Household income: $115,567
• Rent vs Own: 16.9% rent · 83.1% own
• Severe rent burden: 290.0

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: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 3% Asian 2% Black 1%
• Common ancestry: Romanian 8% Slovak 2% Lithuanian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 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: ▼ -148.16%
• Current HPI: 207.1177
• 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

-20.1% since first listed

4 events — show timeline

• 2026-05-04 Price Changed $139,700 MLSNOW
• 2026-04-16 Price Changed $149,700 MLSNOW
• 2026-04-01 Price Changed $159,700 MLSNOW
• 2026-03-25 Listed $174,900 MLSNOW

Property tax history

+3.9%/yr

Latest (2025): $1,162 · -27.7% YoY. Source: county tax records.