1620 Cedar Dr · Lorain, OH 44052

$139,900

3 bd · 1.0 ba · 1,059 sqft · SingleFamily public records · 4 Days on market

Built 1952 0.28 ac lot Est $133k · at est.

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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 +14.6/30.0
• ARV discount +5.3/15.0
• DSCR +4.5/10.0
• 1% rule +3.5/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This super clean Cape Cod style home includes range, refrigerator, AND washer and dryer. Just MINUTES from the Lake Erie Shoreway, Highway I90 and Cromwell Park. Schedule your viewing now before it's too late!

Key facts

• Quiet street
• Updated kitchen
• 0.28 acre lot

Tags

• REMODELED CAPE COD HOME
• QUIET STREET
• NEW VINYL PLANK FLOORING
• UPDATED KITCHEN
• FULL UNFINISHED BASEMENT
• ONE CAR DETACHED GARAGE

Property features AI

Finance

• Financial info: Annual tax amount available

Exterior

• Parking: Driveway; One-car garage
• Utilities: Public water; Public sewer
• Home design: Two-story home; Aluminum siding; Block foundation
• Construction: Built (year per assessor); Asphalt/fiberglass roof
• Exterior features: Lot approximately 0.28 acres

Interior

• Bedrooms: Two main-level bedrooms
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced-air gas heating; Wall/window cooling units
• Interior features: Full, unfinished basement; Total of 5 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $34 ($410/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 $119k (14.6% below list).
• Recommended offer: $119k (14.6% below list) — sets the bar for 1% rule.

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: Rents rising fast (+4.1%/yr); 129 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 32% of the median local income ($45k/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 $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 34y 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 $92k; list at $140k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $119,405 (14.6% below list)

Questions for the listing agent

1. Built in 1952 — 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: 0.85% ✗
• Cap rate: 6.59%
• Cash-on-cash: 1.05%
• DSCR: 1.05
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $133,434
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1622 New Jersey Ave	0.25mi	3/1.0	1,040 (-2%)	2mo	$131,000	$126	84
3162 Lincoln St	0.47mi	3/1.0	1,015 (-4%)	1mo	$80,500	$79	70
1008 Euclid Ave	0.54mi	3/1.0	1,033 (-2%)	2mo	$75,000	$73	70
1605 Ohio Ave	0.16mi	2/1.0 (-1)	1,163 (+10%)	5mo	$95,000	$82	67
1609 Nevada Ave	0.35mi	3/2.0	972 (-8%)	5mo	$155,000	$159	62
2149 Hancock St	0.64mi	4/1.0 (+1)	1,073 (+1%)	2mo	$126,000	$117	62
1623 Nevada Ave	0.34mi	3/1.0	936 (-12%)	5mo	$133,000	$142	60
1001 Euclid Ave	0.54mi	2/1.0 (-1)	1,138 (+8%)	3mo	$122,000	$107	55
2235 Crehore St	0.60mi	4/2.0 (+1)	972 (-8%)	1mo	$163,000	$168	48
914 Leroy St	0.64mi	3/1.0	928 (-12%)	3mo	$85,000	$92	47
2201 Eastlawn St	0.67mi	3/1.5	936 (-12%)	2mo	$149,000	$159	46
1401 Missouri Ave	0.53mi	3/2.0	1,194 (+13%)	5mo	$168,000	$141	46

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 · 4.09% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.51×
• Total profit: $-19,189
• Equity at exit: $20,860

10-year hold

• IRR: -3.1%
• Equity multiple: 0.78×
• Total profit: $-8,427
• Equity at exit: $12,096

Cash invested: $39,172 (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 44052

• Home prices YoY: -28.1%
• Rents YoY: 4.1%
• Active inventory: 129
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,194 high
• Mortgage (P&I): −$734
• Tax from tax record: −$117 /mo · $1,407/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $34

Break-even live

Break-even rent $1,151

Max offer price $139,900

Occupancy floor 92%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1630 Euclid Ave Lorain, OH	3.0	1.0	900	$1,100	$1.22	43d	1	0.11mi
1109 Euclid Ave Lorain, OH	3.0	1.0	1066	$995	$0.93	1d	1	0.48mi
716 Dakota Ave Lorain, OH	3.0	2.0	1490	$1,650	$1.11	1d	1	0.71mi
629 Vermont Dr Lorain, OH	3.0	1.0	840	$1,195	$1.42	1d	1	0.79mi
619 Root Rd Lorain, OH	2.0	1.5	900	$1,100	$1.22	1d	1	0.83mi
1510 Fillmore Ave Lorain, OH	3.0	1.0	896	$900	$1.00	7d	1	0.85mi
1508 Fillmore Ave Unit 1510 Fillmore Ave: Left Unit Lorain, OH	3.0	1.0	896	$900	$1.00	7d	1	0.85mi
2327 S Jefferson Blvd Lorain, OH	3.0	1.0	1485	$1,531	$1.03	21d	1	0.87mi
860 Colorado Ave Lorain, OH	2.0	1.0	825	$1,225	$1.48	43d	1	1.35mi
1818 E 29th St Unit 1816 Lorain, OH	3.0	1.0	1098	$1,195	$1.09	43d	1	1.50mi

Listing history 5 events

1. 2026-06-18
   days on market $139,900 Active 4 DOM
2. 2026-06-17
   days on market $139,900 Active 3 DOM
3. 2026-06-16
   days on market $139,900 Active 2 DOM
4. 2026-06-15
   remarks 693-char remark
5. 2026-06-15
   listed $139,900 Active 1 DOM

ⓘ 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: $1,407 · $117/mo
• Projected year-2 tax: $1,795 · $150/mo
• Expected delta: +$388/yr (+$32/mo · 27.6%)

ⓘ 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 · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,329
• − Mortgage interest: −$7,837
• − Property taxes: −$1,407
• − Insurance: −$700
• − Repairs & maintenance: −$1,146
• − Management: −$1,146
• − Depreciation: −$4,070
• Taxable loss: −$1,977
• Est. tax savings @ 24.0%: +$474
• After-tax cash flow: $884/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): 28,282
• Household income: $45,023
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1423.0

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: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 49% Hispanic / Latino 24% Black 21% Two or more races 16%
• Hispanic origin (detail): Mexican 5% Puerto Rican 17%
• Common ancestry: Romanian 6% Lithuanian 1% Iranian 1%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 14%

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: ▼ -73.23%
• Current HPI: 186.9657
• Rent YoY: ▲ 4.09%
• 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

+530.2% since first listed

30 events — show timeline

• 2026-06-14 Listed $139,900 MLSNOW
• 2024-07-17 Sold (Public Records) $91,500 Public Records
• 2024-06-17 Sold (Public Records) $56,000 Public Records
• 2018-06-27 Sold (Public Records) $54,500 Public Records
• 2018-06-25 Sold (MLS) $54,500 MLSNOW
• 2018-05-22 Contingent — MLSNOW
• 2018-05-03 Relisted — MLSNOW
• 2018-04-11 Contingent — MLSNOW
• 2018-03-29 Listed $59,900 MLSNOW
• 2017-06-30 Listing Removed — MLSNOW
• 2017-01-05 Price Changed $51,000 MLSNOW
• 2016-10-26 Listed $59,900 MLSNOW
• 2012-06-11 Sold (MLS) $28,000 MLSNOW
• 2012-04-02 Listed $30,000 MLSNOW
• 2007-07-06 Sold (Public Records) $92,600 Public Records
• 2007-07-06 Sold (MLS) $92,550 MLSNOW
• 2007-05-10 Listed $89,900 MLSNOW
• 2005-05-02 Sold (Public Records) $87,000 Public Records
• 2004-08-16 Sold (MLS) $87,000 MLSNOW
• 2004-06-06 Listed $89,900 MLSNOW
• 2004-01-05 Sold (MLS) $51,000 MLSNOW
• 2003-12-31 Listing Removed — MLSNOW
• 2003-05-20 Listed $54,900 MLSNOW
• 1993-09-23 Sold (Public Records) $56,000 Public Records
• 1993-04-30 Listing Removed — MLSNOW
• 1993-01-30 Listed $54,900 MLSNOW
• 1992-12-27 Listing Removed — MLSNOW
• 1992-10-28 Listed $52,500 MLSNOW
• 1992-07-23 Sold (Public Records) $26,500 Public Records
• 1992-06-08 Sold (Public Records) $22,200 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,407 · -2.6% YoY. Source: county tax records.