None · Warren, OH 44483

$36,900

3 bd · 1.0 ba · 1,408 sqft · SingleFamily public records · 66 Days on market

Built 1910 6,547 sqft lot $26/sqft · 25% below area Est $49k · 25% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all home restorers or Investors. This home has 3 beds and one bath with a large dining room and living room. Some work has been started in the home so you can just pick up where owner left off. There is a new refrigerator and range. House is very close to vegetable market and just minutes from downtown with some great restaurants, shopping and entertainment.

Key facts

• Large dining room
• New range
• New refrigerator

Tags

• LARGE DINING ROOM
• NEW REFRIGERATOR
• NEW RANGE
• CLOSE TO VEGETABLE MARKET
• MINUTES FROM DOWNTOWN

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $37k.

Deal economics

• At list price, monthly cash flow is $689 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $37k).
• Recommended offer: $35k (6.0% below list) — sets the bar for market timing.
• Cap rate 28.7% vs local median 6.0% in Warren — 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 73/100 on livability (#312 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: crime D-, commute F, employment F.
• Warren City (urban): math 22% / reading 32% proficiency, ranked #599 of 656 in OH (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 107 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 129 units permitted in Trumbull County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $255 of loan paydown is wiped out by about $1k 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 $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($35k) is reasonable based on typical stale-listing flexibility.
• 8 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 $25k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $34,686 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 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 1910 — 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 D 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: 3.16% ✓
• Cap rate: 28.70%
• Cash-on-cash: 80.02%
• DSCR: 4.56
• GRM: 2.6

CMA / ARV

• ARV (median comp): $49,056
• List price: $36,900
• Delta: -24.78%
• 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
442 Belmont Ave	0.19mi	3/1.0	1,462 (+4%)	2mo	$55,000	$38	83
204 Atlantic St NE	0.31mi	3/1.0	1,344 (-4%)	3mo	$103,000	$77	75
562 Belmont Ave NE	0.57mi	3/2.0	1,440 (+2%)	4mo	$90,000	$63	62
1459 West Ave NW	0.41mi	3/1.0	1,237 (-12%)	1mo	$28,000	$23	60
408 Chestnut Ave NE	0.72mi	3/1.0	1,418 (+1%)	9mo	$50,500	$36	58
1459 West Ave	0.41mi	3/1.0	1,237 (-12%)	5mo	$25,000	$20	56
783 Packard St NW	0.69mi	3/1.5	1,356 (-4%)	6mo	$115,000	$85	55
1008 Raymond St NW	0.69mi	3/1.0	1,332 (-5%)	5mo	$26,000	$20	55
670 Comstock St NW	0.74mi	3/2.0	1,395 (-1%)	6mo	$155,000	$111	55
628 St Clair Ave	0.69mi	3/2.0	1,556 (+10%)	5mo	$15,000	$10	42
1706 Vernon Ave NW	0.61mi	2/1.0 (-1)	1,214 (-14%)	7mo	$151,000	$124	38
944 Hunter St NW	0.70mi	4/2.0 (+1)	1,567 (+11%)	8mo	$28,000	$18	33

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: 80.2%
• Equity multiple: 4.67×
• Total profit: $37,908
• Equity at exit: $5,502

10-year hold

• IRR: 83.6%
• Equity multiple: 9.67×
• Total profit: $89,533
• Equity at exit: $3,190

Cash invested: $10,332 (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 44483

• Home prices YoY: -16.3%
• Active inventory: 107
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,167 high
• Mortgage (P&I): −$194
• Tax from tax record: −$24 /mo · $293/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $689

Break-even live

Break-even rent $295

Max offer price $36,900

Occupancy floor 36%

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: $9,225
• Closing costs: $1,107
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
407 Washington St NE Niles, OH	3.0	1.5	1388	$1,250	$0.90	13d	1	0.45mi
1388 Beechcrest St NW Warren, OH	3.0	2.0	1297	$1,195	$0.92	13d	1	1.06mi
1216 Hollywood St NE Warren, OH	3.0	1.0	1158	$1,050	$0.91	21d	1	1.09mi
341 Charles AVE Warren, OH	3.0	1.0	1232	$1,100	$0.89	44d	1	1.19mi
437 Nevada Ave NW Warren, OH	2.0	1.0	1016	$750	$0.74	13d	1	1.24mi

Listing history 50 events

1. 2026-06-19
   days on market $36,900 Active 66 DOM
2. 2026-06-18
   days on market $36,900 Active 65 DOM
3. 2026-06-17
   days on market $36,900 Active 64 DOM
4. 2026-06-16
   days on market $36,900 Active 63 DOM
5. 2026-06-15
   days on market $36,900 Active 62 DOM
6. 2026-06-14
   days on market $36,900 Active 60 DOM
7. 2026-06-13
   days on market $36,900 Active 59 DOM
8. 2026-06-10
   days on market $36,900 Active 57 DOM
9. 2026-06-09
   days on market $36,900 Active 56 DOM
10. 2026-06-08
    days on market $36,900 Active 55 DOM
11. 2026-06-07
    days on market $36,900 Active 54 DOM
12. 2026-06-05
    days on market $36,900 Active 51 DOM
13. 2026-06-02
    days on market $36,900 Active 49 DOM
14. 2026-06-01
    days on market $36,900 Active 48 DOM
15. 2026-05-31
    days on market $36,900 Active 47 DOM
16. 2026-05-30
    days on market $36,900 Active 46 DOM
17. 2026-04-10
    listed $36,900 Active 368-char remark

    Show marketing remark (368 chars)

    Calling all home restorers or Investors. This home has 3 beds and one bath with a large dining room and living room. Some work has been started in the home so you can just pick up where owner left off. There is a new refrigerator and range. House is very close to vegetable market and just minutes from downtown with some great restaurants, shopping and entertainment.

18. 2026-03-13
    historical
19. 2026-01-05
    price $39,900
20. 2025-11-12
    price $44,500
21. 2025-09-13
    listed $47,500 Active
22. 2024-05-10
    soldstatus $25,000 Closed
23. 2024-03-24
    status Pending
24. 2024-03-23
    historical
25. 2023-12-03
    listed $30,000 Active
26. 2023-11-30
    historical
27. 2023-10-06
    price $30,000
28. 2023-08-10
    price $33,000
29. 2023-07-11
    status Active
30. 2023-07-10
    status Pending
31. 2023-05-30
    listed $35,000 Active
32. 2023-04-04
    soldstatus $25,000 Closed
33. 2023-03-11
    status Pending
34. 2023-03-03
    listed $29,900 Active
35. 2020-11-04
    price $30,900
36. 2020-11-04
    price $30,900
37. 2020-11-04
    price $30,900
38. 2020-11-04
    price $30,900
39. 2020-11-04
    price $30,900
40. 2020-05-02
    price $30,900
41. 2014-02-12
    price $30,900
42. 2014-02-12
    price $149,900
43. 2014-02-12
    price $30,900
44. 2014-02-12
    price $30,900
45. 2013-11-15
    historical
46. 2000-11-28
    listed $149,900
47. 1998-10-03
    price $149,900
48. 1998-10-03
    price $149,900
49. 1998-10-03
    price $149,900
50. 1998-10-03
    price $149,900

ⓘ 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: $293 · $24/mo
• Projected year-2 tax: $434 · $36/mo
• Expected delta: +$142/yr (+$12/mo · 48.4%)

ⓘ 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 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,009
• − Mortgage interest: −$2,067
• − Property taxes: −$293
• − Insurance: −$184
• − Repairs & maintenance: −$1,121
• − Management: −$1,121
• − Depreciation: −$1,073
• Taxable income: $8,150
• Est. tax owed @ 24.0%: −$1,956
• After-tax cash flow: $6,312/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: Warren City
• NCES district ID: 3904499
• Math proficiency: 22% ▼ -16.00%
• Reading proficiency: 32% ▼ -9.00%
• Median HH income: $28,222
• Composite: 21.6/100
• National rank: #8299
• State rank: #599 of 656 in OH

Livability — Warren

• Score: 73/100
• State rank: #312
• US rank: #5068

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warren, OH
• County: Trumbull County · 61,158 people
• City population: 25,805
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 25,805
• Household income: $49,017
• Rent vs Own: 33.6% rent · 66.4% own
• Severe rent burden: 989.0

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 (77%)
• Race & ethnicity: White 77% Black 14% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Romanian 3% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Other Indo-European 2% Spanish 2%

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: ▼ -42.50%
• Current HPI: 218.3455
• 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

+99.5% since first listed

40 events — show timeline

• 2026-04-10 Listed $36,900 MLSNOW
• 2026-03-13 Listing Removed — MLSNOW
• 2026-01-05 Price Changed $39,900 MLSNOW
• 2025-11-12 Price Changed $44,500 MLSNOW
• 2025-09-13 Listed $47,500 MLSNOW
• 2024-05-10 Sold (MLS) $25,000 MLSNOW
• 2024-03-24 Pending — MLSNOW
• 2024-03-23 Listing Removed — MLSNOW
• 2023-12-03 Listed $30,000 MLSNOW
• 2023-11-30 Listing Removed — MLSNOW
• 2023-10-06 Price Changed $30,000 MLSNOW
• 2023-08-10 Price Changed $33,000 MLSNOW
• 2023-07-11 Relisted — MLSNOW
• 2023-07-10 Pending — MLSNOW
• 2023-05-30 Listed $35,000 MLSNOW
• 2023-04-04 Sold (MLS) $25,000 MLSNOW
• 2023-03-11 Pending — MLSNOW
• 2023-03-03 Listed $29,900 MLSNOW
• 2020-11-04 Price Changed $30,900 MLSNOW
• 2020-11-04 Price Changed $30,900 MLSNOW
• 2020-11-04 Price Changed $30,900 MLSNOW
• 2020-11-04 Price Changed $30,900 MLSNOW
• 2020-11-04 Price Changed $30,900 MLSNOW
• 2020-05-02 Price Changed $30,900 MLSNOW
• 2014-02-12 Price Changed $30,900 MLSNOW
• 2014-02-12 Price Changed $30,900 MLSNOW
• 2014-02-12 Price Changed $149,900 MLSNOW
• 2014-02-12 Price Changed $30,900 MLSNOW
• 2013-11-15 Listing Removed — MLSNOW
• 2000-11-28 Listed $149,900 MLSNOW
• 1998-10-03 Price Changed $149,900 MLSNOW
• 1998-10-03 Price Changed $149,900 MLSNOW
• 1998-10-03 Price Changed $149,900 MLSNOW
• 1998-10-03 Price Changed $149,900 MLSNOW
• 1998-10-03 Price Changed $149,900 MLSNOW
• 1998-10-03 Price Changed $149,900 MLSNOW
• 1998-10-03 Price Changed $149,900 MLSNOW
• 1998-02-28 Listing Removed — MLSNOW
• 1996-06-26 Listed $32,900 MLSNOW
• 1989-05-24 Sold (Public Records) $18,500 Public Records

Property tax history

-3.4%/yr

Latest (2025): $293 · +1.9% YoY. Source: county tax records.