1033 W 21st St · Lorain, OH 44052

$115,000

5 bd · 2.0 ba · 1,492 sqft · SingleFamily public records · 226 Days on market

Built 1900 8,015 sqft lot $77/sqft · 5% above area Est $109k · 5% over

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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 +9.5/10.0
• ARV discount +5.1/15.0
• 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

Immediate occupancy available! This upgraded and remodeled light filled 4-bedroom, 2-full-bath Colonial/Cape Cod-style home is the perfect blend of charm, comfort, and value. Enjoy relaxing on the inviting front porch or the covered side patio — ideal for morning coffee or evening gatherings. Inside, you’ll find beautiful laminate hardwood-style flooring throughout that’s not only stylish but durable for years of worry-free living. The modern vinyl windows provide comfort and year-round energy savings. Cooks will love the newer oak eat-in kitchen, offering ample cabinet and counter space, with appliances included. The oversized formal dining room is perfect for entertaining and hosting large holiday gatherings. Freshly painted throughout, this home features remodeled baths designed to pamper and impress. A full basement provides plenty of storage, workspace or room for future expansion, while the updated mechanicals ensure peace of mind. Large backyard, partially fenced. This wonderful home is easy to show and available for immediate occupancy — making your move-in simple and convenient. All of this at an affordable price—don’t miss this opportunity!

Key facts

• Oak eat-in kitchen
• Modern vinyl windows
• Front porch

Tags

• FRONT PORCH
• COVERED SIDE PATIO
• MODERN VINYL WINDOWS
• OAK EAT-IN KITCHEN
• OVERSIZED FORMAL DINING ROOM
• REMODELED BATHS

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $593 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 5.9% in Lorain — 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 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; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 44% 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 $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $32k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 226 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y ago; this cycle's ask has dropped $24k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $14k; list at $115k implies a 721% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 226 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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. 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?
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: 1.45% ✓
• Cap rate: 12.48%
• Cash-on-cash: 22.10%
• DSCR: 1.98
• GRM: 5.8

CMA / ARV

• ARV (median comp): $109,271
• List price: $115,000
• Delta: 5.24%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
816 W 22nd St	0.28mi	4/2.0 (-1)	1,533 (+3%)	10mo	$60,000	$39	69
1855 Washington Ave	0.20mi	5/2.0	1,676 (+12%)	5mo	$150,000	$89	66
1734 Long Ave	0.39mi	4/2.0 (-1)	1,442 (-3%)	8mo	$150,000	$104	64
1934 Long Ave	0.32mi	4/1.0 (-1)	1,412 (-5%)	14mo	$118,000	$84	56
1122 W 17th St	0.32mi	4/2.0 (-1)	1,665 (+12%)	10mo	$74,000	$44	52
1331 W 18th St	0.44mi	4/1.0 (-1)	1,424 (-5%)	14mo	$65,000	$46	52
2378 Oberlin Ave	0.31mi	4/2.0 (-1)	1,685 (+13%)	9mo	$199,000	$118	52
1027 W 14th St	0.36mi	4/2.0 (-1)	1,650 (+11%)	22mo	$125,000	$76	42
1053 W 10th St	0.63mi	5/1.5	1,368 (-8%)	20mo	$155,000	$113	38
1711 W 19th St	0.69mi	4/2.0 (-1)	1,396 (-6%)	24mo	$136,000	$97	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 · 4.09% rent growth · sell at horizon

5-year hold

• IRR: 16.0%
• Equity multiple: 1.65×
• Total profit: $20,952
• Equity at exit: $17,147

10-year hold

• IRR: 25.3%
• Equity multiple: 3.31×
• Total profit: $74,528
• Equity at exit: $9,943

Cash invested: $32,200 (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: 5.8×

Monthly cashflow live

• Estimated rent: $1,664 high
• Mortgage (P&I): −$603
• Tax from tax record: −$71 /mo · $847/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $593

Break-even live

Break-even rent $913

Max offer price $115,000

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
930 W 18th St Lorain, OH	4.0	1.0	1344	$1,450	$1.08	43d	1	0.25mi
1220 W 19th St Lorain, OH	4.0	1.0	1492	$1,550	$1.04	23d	1	0.30mi
704 W 21st St Lorain, OH	4.0	1.0	1410	$1,450	$1.03	23d	1	0.35mi
1055 W 12th St Lorain, OH	4.0	1.0	1206	$1,750	$1.45	23d	1	0.47mi
1322 Brownell Ave Lorain, OH	4.0	1.0	1571	$1,570	$1.00	43d	1	0.53mi
1037 Washington Ave Lorain, OH	4.0	2.0	1567	$1,600	$1.02	17d	1	0.58mi
1413 W 12th St Lorain, OH	4.0	1.5	1725	$1,700	$0.99	43d	1	0.67mi
200 E 31st St Lorain, OH	5.0	2.0	1562	$1,550	$0.99	1d	1	1.11mi

Listing history 33 events

1. 2026-06-18
   days on market $115,000 Active 226 DOM
2. 2026-06-17
   days on market $115,000 Active 225 DOM
3. 2026-06-16
   days on market $115,000 Active 224 DOM
4. 2026-06-15
   days on market $115,000 Active 223 DOM
5. 2026-06-13
   days on market $115,000 Active 221 DOM
6. 2026-06-13
   days on market $115,000 Active 220 DOM
7. 2026-06-09
   days on market $115,000 Active 217 DOM
8. 2026-06-08
   days on market $115,000 Active 216 DOM
9. 2026-06-07
   days on market $115,000 Active 215 DOM
10. 2026-06-03
    days on market $115,000 Active 211 DOM
11. 2026-06-02
    days on market $115,000 Active 210 DOM
12. 2026-06-01
    days on market $115,000 Active 209 DOM
13. 2026-05-31
    days on market $115,000 Active 208 DOM
14. 2026-04-15
    price $115,000 1204-char remark

    Show marketing remark (1204 chars)

    Immediate occupancy available! This upgraded and remodeled light filled 4-bedroom, 2-full-bath Colonial/Cape Cod-style home is the perfect blend of charm, comfort, and value. Enjoy relaxing on the inviting front porch or the covered side patio — ideal for morning coffee or evening gatherings. Inside, you’ll find beautiful laminate hardwood-style flooring throughout that’s not only stylish but durable for years of worry-free living. The modern vinyl windows provide comfort and year-round energy savings. Cooks will love the newer oak eat-in kitchen, offering ample cabinet and counter space, with appliances included. The oversized formal dining room is perfect for entertaining and hosting large holiday gatherings. Freshly painted throughout, this home features remodeled baths designed to pamper and impress. A full basement provides plenty of storage, workspace or room for future expansion, while the updated mechanicals ensure peace of mind. Large backyard, partially fenced. This wonderful home is easy to show and available for immediate occupancy — making your move-in simple and convenient. All of this at an affordable price—don’t miss this opportunity!

15. 2026-03-20
    price $124,900 1204-char remark

    Show marketing remark (1204 chars)

    Immediate occupancy available! This upgraded and remodeled light filled 4-bedroom, 2-full-bath Colonial/Cape Cod-style home is the perfect blend of charm, comfort, and value. Enjoy relaxing on the inviting front porch or the covered side patio — ideal for morning coffee or evening gatherings. Inside, you’ll find beautiful laminate hardwood-style flooring throughout that’s not only stylish but durable for years of worry-free living. The modern vinyl windows provide comfort and year-round energy savings. Cooks will love the newer oak eat-in kitchen, offering ample cabinet and counter space, with appliances included. The oversized formal dining room is perfect for entertaining and hosting large holiday gatherings. Freshly painted throughout, this home features remodeled baths designed to pamper and impress. A full basement provides plenty of storage, workspace or room for future expansion, while the updated mechanicals ensure peace of mind. Large backyard, partially fenced. This wonderful home is easy to show and available for immediate occupancy — making your move-in simple and convenient. All of this at an affordable price—don’t miss this opportunity!

16. 2026-02-06
    price $129,900 1204-char remark

    Show marketing remark (1204 chars)

    Immediate occupancy available! This upgraded and remodeled light filled 4-bedroom, 2-full-bath Colonial/Cape Cod-style home is the perfect blend of charm, comfort, and value. Enjoy relaxing on the inviting front porch or the covered side patio — ideal for morning coffee or evening gatherings. Inside, you’ll find beautiful laminate hardwood-style flooring throughout that’s not only stylish but durable for years of worry-free living. The modern vinyl windows provide comfort and year-round energy savings. Cooks will love the newer oak eat-in kitchen, offering ample cabinet and counter space, with appliances included. The oversized formal dining room is perfect for entertaining and hosting large holiday gatherings. Freshly painted throughout, this home features remodeled baths designed to pamper and impress. A full basement provides plenty of storage, workspace or room for future expansion, while the updated mechanicals ensure peace of mind. Large backyard, partially fenced. This wonderful home is easy to show and available for immediate occupancy — making your move-in simple and convenient. All of this at an affordable price—don’t miss this opportunity!

17. 2025-12-10
    price $133,900 1204-char remark

    Show marketing remark (1204 chars)

    Immediate occupancy available! This upgraded and remodeled light filled 4-bedroom, 2-full-bath Colonial/Cape Cod-style home is the perfect blend of charm, comfort, and value. Enjoy relaxing on the inviting front porch or the covered side patio — ideal for morning coffee or evening gatherings. Inside, you’ll find beautiful laminate hardwood-style flooring throughout that’s not only stylish but durable for years of worry-free living. The modern vinyl windows provide comfort and year-round energy savings. Cooks will love the newer oak eat-in kitchen, offering ample cabinet and counter space, with appliances included. The oversized formal dining room is perfect for entertaining and hosting large holiday gatherings. Freshly painted throughout, this home features remodeled baths designed to pamper and impress. A full basement provides plenty of storage, workspace or room for future expansion, while the updated mechanicals ensure peace of mind. Large backyard, partially fenced. This wonderful home is easy to show and available for immediate occupancy — making your move-in simple and convenient. All of this at an affordable price—don’t miss this opportunity!

18. 2025-11-04
    listed $138,900 Active 1204-char remark

    Show marketing remark (1204 chars)

    Immediate occupancy available! This upgraded and remodeled light filled 4-bedroom, 2-full-bath Colonial/Cape Cod-style home is the perfect blend of charm, comfort, and value. Enjoy relaxing on the inviting front porch or the covered side patio — ideal for morning coffee or evening gatherings. Inside, you’ll find beautiful laminate hardwood-style flooring throughout that’s not only stylish but durable for years of worry-free living. The modern vinyl windows provide comfort and year-round energy savings. Cooks will love the newer oak eat-in kitchen, offering ample cabinet and counter space, with appliances included. The oversized formal dining room is perfect for entertaining and hosting large holiday gatherings. Freshly painted throughout, this home features remodeled baths designed to pamper and impress. A full basement provides plenty of storage, workspace or room for future expansion, while the updated mechanicals ensure peace of mind. Large backyard, partially fenced. This wonderful home is easy to show and available for immediate occupancy — making your move-in simple and convenient. All of this at an affordable price—don’t miss this opportunity!

19. 2012-12-14
    soldstatus $14,000 155-char remark

    Show marketing remark (155 chars)

    5 bedroom Colonial with 2 full baths. Partially finished basement. No Disclosures. Pre-approval letter or proof of funds must be submitted with all offers.

20. 2012-10-25
    listed $14,900 155-char remark

    Show marketing remark (155 chars)

    5 bedroom Colonial with 2 full baths. Partially finished basement. No Disclosures. Pre-approval letter or proof of funds must be submitted with all offers.

21. 2012-10-15
    historical
22. 2012-09-07
    listed $21,840
23. 2012-09-01
    historical
24. 2012-03-01
    listed $21,840
25. 2011-03-17
    historical
26. 2011-02-17
    listed $19,500
27. 2009-07-02
    historical
28. 2009-05-04
    listed $24,900
29. 2005-07-25
    soldstatus $115,000
30. 2005-03-21
    soldstatus $28,000
31. 2005-02-14
    listed $34,900
32. 1996-10-03
    soldstatus $45,000
33. 1996-09-25
    soldstatus $45,000

ⓘ 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: $847 · $71/mo
• Projected year-2 tax: $1,320 · $110/mo
• Expected delta: +$474/yr (+$39/mo · 55.9%)

ⓘ 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 · 17 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: $19,966
• − Mortgage interest: −$6,442
• − Property taxes: −$847
• − Insurance: −$575
• − Repairs & maintenance: −$1,597
• − Management: −$1,597
• − Depreciation: −$3,345
• Taxable income: $5,563
• Est. tax owed @ 24.0%: −$1,335
• After-tax cash flow: $5,780/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

+155.6% since first listed

20 events — show timeline

• 2026-04-15 Price Changed $115,000 MLSNOW
• 2026-03-20 Price Changed $124,900 MLSNOW
• 2026-02-06 Price Changed $129,900 MLSNOW
• 2025-12-10 Price Changed $133,900 MLSNOW
• 2025-11-04 Listed $138,900 MLSNOW
• 2012-12-14 Sold (MLS) $14,000 MLSNOW
• 2012-10-25 Listed $14,900 MLSNOW
• 2012-10-15 Listing Removed — MLSNOW
• 2012-09-07 Listed $21,840 MLSNOW
• 2012-09-01 Listing Removed — MLSNOW
• 2012-03-01 Listed $21,840 MLSNOW
• 2011-03-17 Listing Removed — MLSNOW
• 2011-02-17 Listed $19,500 MLSNOW
• 2009-07-02 Listing Removed — MLSNOW
• 2009-05-04 Listed $24,900 MLSNOW
• 2005-07-25 Sold (Public Records) $115,000 Public Records
• 2005-03-21 Sold (MLS) $28,000 MLSNOW
• 2005-02-14 Listed $34,900 MLSNOW
• 1996-10-03 Sold (Public Records) $45,000 Public Records
• 1996-09-25 Sold (Public Records) $45,000 Public Records

Property tax history

-2.8%/yr

Latest (2025): $847 · -4.9% YoY. Source: county tax records.