319 17th St · Elyria, OH 44035

$75,000

2 bd · 1.0 ba · 666 sqft · SingleFamily public records · 55 Days on market

Built 1910 5,227 sqft lot Est $75k · at est.

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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
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• ARV discount +7.7/15.0
• Rent growth +4.2/5.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Small 2 Bdrm Home W/ Full Basement Plus Old Beauty Shop/Barber Shop In Back-also 1 Car Garage Estate Sale No Land Contract. Home Needs Some Updating-but Appears To Have Newer Foundation And Wiring. Opportunity For Commercial Or Rental Buyers

Key facts

• Spacious basement
• Detached garage
• Enclosed front porch

Tags

• SPACIOUS BASEMENT
• DETACHED GARAGE
• ENCLOSED FRONT PORCH
• INTERIOR WINDOWS REPLACED

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking: Garage (1 parking space)
• Security:
• Utilities: Public water; Public sewer
• Home design: Single-story home; Faces south; Below-grade finished area; Above-grade finished area
• Construction: Block foundation; Block construction and vinyl siding; Asphalt/fiberglass roof; Built (year per public records)
• Exterior features: Enclosed front porch; Front porch; Patio; Porch; City lot; Has view; Other structure: garage(s)

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Flooring: Carpet in living areas and bedrooms; Tile in eat-in kitchen
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating (gas)
• Interior features: Eat-in kitchen; Double pane windows; Updated/remodeled condition
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $311 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 3.8% in Elyria — 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 75/100 on livability (#243 in OH, #3,869 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools C-, employment D, commute F.
• Elyria City Schools (urban): math 21% / reading 37% proficiency, ranked #586 of 656 in OH (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.7%/yr); 356 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.7% rent growth), your $21k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 30y 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 $17k; list at $75k implies a 346% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $72,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 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 1910 — 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. 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: 1.36% ✓
• Cap rate: 11.26%
• Cash-on-cash: 17.76%
• DSCR: 1.79
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $75,258
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
319 17th St	0.00mi	2/1.0	666 (0%)	1mo	$75,000	$113	99

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 · 6.74% rent growth · sell at horizon

5-year hold

• IRR: 13.3%
• Equity multiple: 1.55×
• Total profit: $11,609
• Equity at exit: $11,183

10-year hold

• IRR: 24.8%
• Equity multiple: 3.53×
• Total profit: $53,196
• Equity at exit: $6,485

Cash invested: $21,000 (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 44035

• Rents YoY: 6.7%
• Active inventory: 356
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,017 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$68 /mo · $821/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $311

Break-even live

Break-even rent $624

Max offer price $75,000

Occupancy floor 64%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
129 Park Meadow Ln Elyria, OH	1.0–2.0	1.0	729	$1,179	$1.62	1d	1	1.49mi

Listing history 7 events

1. 2026-05-07
   status Pending
2. 2026-04-06
   status Active
3. 2026-03-26
   historical Contingent
4. 2026-03-11
   listed $75,000 Active
5. 1996-12-27
   soldstatus $16,800 241-char remark

   Show marketing remark (241 chars)

   Small 2 Bdrm Home W/ Full Basement Plus Old Beauty Shop/Barber Shop In Back-also 1 Car Garage Estate Sale No Land Contract. Home Needs Some Updating-but Appears To Have Newer Foundation And Wiring. Opportunity For Commercial Or Rental Buyers

6. 1996-12-24
   soldstatus $16,800
7. 1996-08-30
   listed $21,000 241-char remark

   Show marketing remark (241 chars)

   Small 2 Bdrm Home W/ Full Basement Plus Old Beauty Shop/Barber Shop In Back-also 1 Car Garage Estate Sale No Land Contract. Home Needs Some Updating-but Appears To Have Newer Foundation And Wiring. Opportunity For Commercial Or Rental Buyers

ⓘ 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: $821 · $68/mo
• Projected year-2 tax: $995 · $83/mo
• Expected delta: +$175/yr (+$15/mo · 21.3%)

ⓘ 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 · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,208
• − Mortgage interest: −$4,201
• − Property taxes: −$821
• − Insurance: −$375
• − Repairs & maintenance: −$977
• − Management: −$977
• − Depreciation: −$2,182
• Taxable income: $2,676
• Est. tax owed @ 24.0%: −$642
• After-tax cash flow: $3,087/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: Elyria City Schools
• NCES district ID: 3904394
• Math proficiency: 21% ▼ -25.00%
• Reading proficiency: 37% ▼ -15.00%
• Median HH income: $40,992
• Composite: 24.45/100
• National rank: #7670
• State rank: #586 of 656 in OH

Livability — Elyria

• Score: 75/100
• State rank: #243
• US rank: #3869

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elyria, OH
• County: Lorain County · 219,437 people
• City population: 62,179
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 62,179
• Household income: $56,408
• Rent vs Own: 37.3% rent · 62.7% own
• Severe rent burden: 2229.0

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 (70%)
• Race & ethnicity: White 70% Two or more races 12% Black 11% Hispanic / Latino 10% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6%
• Common ancestry: Romanian 5% Slovak 2% Lithuanian 2%
• Foreign-born: 2% · China, Canada
• Languages at home: 94% English-only · Spanish 4% Chinese 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: ▼ -139.09%
• Current HPI: 199.7354
• Rent YoY: ▲ 6.74%
• 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

+257.1% since first listed

7 events — show timeline

• 2026-05-07 Pending — MLSNOW
• 2026-04-06 Relisted — MLSNOW
• 2026-03-26 Contingent — MLSNOW
• 2026-03-11 Listed $75,000 MLSNOW
• 1996-12-27 Sold (MLS) $16,800 MLSNOW
• 1996-12-24 Sold (Public Records) $16,800 Public Records
• 1996-08-30 Listed $21,000 MLSNOW

Property tax history

+5.4%/yr

Latest (2025): $821 · +2.0% YoY. Source: county tax records.