202 Prospect St · Girard, OH 44420

$79,990

4 bd · 1.5 ba · 1,934 sqft · SingleFamily · 115 Days on market

Built 1910 Fair condition 6,751 sqft lot $41/sqft · 39% below area Est $132k · 39% under

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unlock the potential in this spacious 4-bedroom, 1.5-bath home located in the heart of Girard, Ohio. Whether you're an investor, flipper, or buyer looking to customize your dream home, this property offers a solid foundation and plenty of opportunity to build equity. Inside, you’ll find generous room sizes and a functional layout with four true bedrooms, providing flexibility for a growing household, home office space, or guest rooms. The home features all new baseboard heating installed throughout every room, offering efficient and reliable comfort already taken care of for the next owner. While the property does need cosmetic updates and improvements, it presents a great chance to renovate to your style and specifications. With the right vision, this home can truly shine. Conveniently located near local schools, shopping, parks, and major routes, this Girard property combines location, space, and value. Bring your ideas and make this home your next successful project!

Key facts

• Generous room sizes
• Solid foundation
• Functional layout

Tags

• SOLID FOUNDATION
• NEW BASEBOARD HEATING
• FUNCTIONAL LAYOUT
• GENEROUS ROOM SIZES

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $80k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $692 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.7% vs local median 7.0% in Girard — 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 (#605 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A-; Watch: employment D+, amenities F, commute F.
• Girard City School District (suburban): math 38% / reading 61% proficiency, ranked #458 of 656 in OH (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 58 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($62k/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 $554 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 115 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 31y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $18k; list at $80k implies a 357% 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 $72,790 (9.0% below list)

Questions for the listing agent

1. It's been on market 115 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.97% ✓
• Cap rate: 16.67%
• Cash-on-cash: 37.06%
• DSCR: 2.65
• GRM: 4.2

CMA / ARV

• ARV (median comp): $132,191
• List price: $79,990
• Delta: -39.49%
• 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
323 E Prospect St	0.11mi	4/2.0	2,054 (+6%)	1mo	$140,000	$68	82
217 Churchill Rd	0.26mi	4/1.5	1,900 (-2%)	6mo	$153,000	$81	80
200 E Main St	0.25mi	4/2.0	2,030 (+5%)	6mo	$132,000	$65	72
121 Townsend Ave	0.34mi	4/2.5	2,023 (+5%)	8mo	$189,900	$94	66
142 E Howard St	0.47mi	4/1.5	1,836 (-5%)	7mo	$149,900	$82	64
453 E Broadway Ave	0.37mi	3/1.5 (-1)	2,048 (+6%)	5mo	$250,000	$122	63
836 Lawrence Ave	0.35mi	3/1.0 (-1)	1,848 (-4%)	14mo	$176,000	$95	57
18 E 2nd St	0.39mi	4/1.5	1,648 (-15%)	11mo	$158,900	$96	48
19 S Elruth Ave	0.63mi	3/2.5 (-1)	1,842 (-5%)	13mo	$136,750	$74	43
554 E Liberty St	0.68mi	4/2.0	1,697 (-12%)	5mo	$169,900	$100	41
1007 N Ward Ave	0.70mi	4/2.0	1,756 (-9%)	13mo	$226,000	$129	39
414 Parkview Dr	0.63mi	3/2.0 (-1)	1,666 (-14%)	5mo	$105,000	$63	36

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: 33.0%
• Equity multiple: 2.39×
• Total profit: $31,122
• Equity at exit: $11,927

10-year hold

• IRR: 40.0%
• Equity multiple: 4.75×
• Total profit: $83,932
• Equity at exit: $6,916

Cash invested: $22,397 (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 44420

• Home prices YoY: -16.8%
• Active inventory: 58
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,575 medium
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,200/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $692

Break-even live

Break-even rent $700

Max offer price $79,990

Occupancy floor 51%

Sensitivity live

Price	-10% $747	-5% $719	+0% $692	+5% $664	+10% $637
Rent	-10% $567	-5% $630	+0% $692	+5% $754	+10% $816
Rate	-1.0pp $732	-0.5pp $712	base $692	+0.5pp $671	+1.0pp $650

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: $19,998
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
212 E Kline St Girard, OH	3.0	1.5	1600	$1,450	$0.91	44d	1	0.14mi
833 Lawrence Ave Girard, OH	4.0	1.0	1312	$1,450	$1.11	14d	1	0.35mi
296 E Howard St Girard, OH	3.0	2.0	1253	$1,800	$1.44	44d	1	0.56mi
1079 North Ave Girard, OH	3.0	2.0	1462	$1,600	$1.09	14d	1	0.60mi

Listing history 31 events

1. 2026-06-19
   days on market $79,990 Active 115 DOM
2. 2026-06-18
   days on market $79,990 Active 114 DOM
3. 2026-06-17
   days on market $79,990 Active 113 DOM
4. 2026-06-16
   days on market $79,990 Active 112 DOM
5. 2026-06-15
   days on market $79,990 Active 111 DOM
6. 2026-06-14
   days on market $79,990 Active 109 DOM
7. 2026-06-13
   days on market $79,990 Active 108 DOM
8. 2026-06-10
   days on market $79,990 Active 106 DOM
9. 2026-06-09
   days on market $79,990 Active 105 DOM
10. 2026-06-08
    days on market $79,990 Active 104 DOM
11. 2026-06-07
    days on market $79,990 Active 103 DOM
12. 2026-06-03
    days on market $79,990 Active 99 DOM
13. 2026-06-02
    days on market $79,990 Active 98 DOM
14. 2026-06-01
    days on market $79,990 Active 97 DOM
15. 2026-05-31
    days on market $79,990 Active 96 DOM
16. 2026-05-30
    days on market $79,990 Active 95 DOM
17. 2026-04-21
    price $79,990 990-char remark

    Show marketing remark (990 chars)

    Unlock the potential in this spacious 4-bedroom, 1.5-bath home located in the heart of Girard, Ohio. Whether you're an investor, flipper, or buyer looking to customize your dream home, this property offers a solid foundation and plenty of opportunity to build equity. Inside, you’ll find generous room sizes and a functional layout with four true bedrooms, providing flexibility for a growing household, home office space, or guest rooms. The home features all new baseboard heating installed throughout every room, offering efficient and reliable comfort already taken care of for the next owner. While the property does need cosmetic updates and improvements, it presents a great chance to renovate to your style and specifications. With the right vision, this home can truly shine. Conveniently located near local schools, shopping, parks, and major routes, this Girard property combines location, space, and value. Bring your ideas and make this home your next successful project!

18. 2026-02-24
    listed $85,000 Active 990-char remark

    Show marketing remark (990 chars)

    Unlock the potential in this spacious 4-bedroom, 1.5-bath home located in the heart of Girard, Ohio. Whether you're an investor, flipper, or buyer looking to customize your dream home, this property offers a solid foundation and plenty of opportunity to build equity. Inside, you’ll find generous room sizes and a functional layout with four true bedrooms, providing flexibility for a growing household, home office space, or guest rooms. The home features all new baseboard heating installed throughout every room, offering efficient and reliable comfort already taken care of for the next owner. While the property does need cosmetic updates and improvements, it presents a great chance to renovate to your style and specifications. With the right vision, this home can truly shine. Conveniently located near local schools, shopping, parks, and major routes, this Girard property combines location, space, and value. Bring your ideas and make this home your next successful project!

19. 2009-02-04
    historical
20. 2008-08-04
    listed $39,900
21. 2008-07-11
    soldstatus $17,500
22. 2008-06-09
    listed $20,000
23. 2005-10-25
    soldstatus $33,900
24. 2005-10-13
    historical
25. 2005-06-21
    listed $39,900
26. 2005-06-13
    historical
27. 2005-03-18
    listed $58,000
28. 2003-03-31
    historical
29. 2002-05-10
    listed $74,900
30. 1996-05-31
    historical
31. 1995-12-04
    listed $47,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 19 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: $18,905
• − Mortgage interest: −$4,481
• − Property taxes: −$1,200
• − Insurance: −$400
• − Repairs & maintenance: −$1,512
• − Management: −$1,512
• − Depreciation: −$2,327
• Taxable income: $7,473
• Est. tax owed @ 24.0%: −$1,793
• After-tax cash flow: $6,508/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This 4-bedroom home requires moderate renovations, including painting, flooring, and window replacement, to improve its condition and value.

Repairs flagged

• Major Kitchen backsplash — Missing backsplash and appliances
• Major Bathroom fixtures — Missing fixtures and tile
• Major Exterior siding — Weathered and peeling
• Major Flooring — Worn and needs refinishing
• Major Paint — Chipping and worn
• Major Windows — Old and may need replacement

Value-add opportunities

• Both Paint and interior finishing — Fresh paint and finishing will improve the home's appearance and appeal
• Both Floor refinishing — Refinished floors will enhance the home's value and appeal
• Both Window replacement — New windows will improve energy efficiency and curb appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen backsplash · Missing backsplash and appliances	Major	$15,000–50,000
Bathroom fixtures · Missing fixtures and tile	Major	$15,000–50,000
Exterior siding · Weathered and peeling	Major	$15,000–50,000
Flooring · Worn and needs refinishing	Major	$15,000–50,000
Paint · Chipping and worn	Major	$15,000–50,000
Windows · Old and may need replacement	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Both Paint and interior finishing — Fresh paint and finishing will improve the home's appearance and appeal ↑
• Both Floor refinishing — Refinished floors will enhance the home's value and appeal ↑
• Both Window replacement — New windows will improve energy efficiency and curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Girard City School District
• NCES district ID: 3904406
• Math proficiency: 38% ▼ -43.00%
• Reading proficiency: 61% ▼ -18.00%
• Median HH income: $40,293
• Composite: 41.35/100
• National rank: #3496
• State rank: #458 of 656 in OH

Livability — Girard

• Score: 67/100
• State rank: #605
• US rank: #10378

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Girard, OH
• County: Trumbull County · 61,158 people
• City population: 15,293
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 15,293
• Household income: $61,707
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 351.0

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 (89%)
• Race & ethnicity: White 89% Two or more races 6% Hispanic / Latino 3% Black 3%
• Common ancestry: Romanian 2% Subsaharan African 2% Slovak 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% Other Indo-European 1%

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: ▼ -44.72%
• Current HPI: 221.5618
• 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

+68.4% since first listed

15 events — show timeline

• 2026-04-21 Price Changed $79,990 MLSNOW
• 2026-02-24 Listed $85,000 MLSNOW
• 2009-02-04 Listing Removed — MLSNOW
• 2008-08-04 Listed $39,900 MLSNOW
• 2008-07-11 Sold (MLS) $17,500 MLSNOW
• 2008-06-09 Listed $20,000 MLSNOW
• 2005-10-25 Sold (MLS) $33,900 MLSNOW
• 2005-10-13 Listing Removed — MLSNOW
• 2005-06-21 Listed $39,900 MLSNOW
• 2005-06-13 Listing Removed — MLSNOW
• 2005-03-18 Listed $58,000 MLSNOW
• 2003-03-31 Listing Removed — MLSNOW
• 2002-05-10 Listed $74,900 MLSNOW
• 1996-05-31 Listing Removed — MLSNOW
• 1995-12-04 Listed $47,500 MLSNOW