233 E Main St · Girard, OH 44420

$114,000

3 bd · 1.5 ba · 1,122 sqft · SingleFamily · 19 Days on market

Built 1947 Good condition 6,664 sqft lot $102/sqft · at area comps Est $118k · at est.

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Why this score? — see what drove the C+ 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 +25.3/30.0
• ARV discount +9.2/15.0
• DSCR +8.4/10.0
• 1% rule +6.6/10.0
• Schools +4.1/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to ~233 E. Main St~ A Solid, well built, 3 Bedroom Home, located on a quiet one-way street. Enjoy the low maintenance exterior for years to come with this durable Brick Beauty! A huge picture window compliments the large living room. Nice arch leads to the kitchen, which is bright with natural light. .. a few built in shelves nicely separate the kitchen and dining area. 2 bedrooms are on the 1st floor, a full bath, linen closet, are all on the main level. You will find the large 3rd bedroom upstairs- Great space for whatever your needs may be! Plaster walls, crown molding, wood floors, all still exist throughout- Put your personal touched on this home and it will POP! New roof on b

Key facts

• Huge picture window
• Plaster walls
• Wood floors

Tags

• HUGE PICTURE WINDOW
• BUILT IN SHELVES
• PLASTER WALLS
• CROWN MOLDING
• WOOD FLOORS
• NEW ROOF

Property features AI

Exterior

• Parking: Detached garage; Concrete parking; Approximately 1.5 garage spaces
• Utilities: Public water; Public sewer; Public records for year built and finished area
• Home design: Brick construction; Asphalt roof; Block foundation; Single-family property
• Construction: Brick exterior; Asphalt roof; Block foundation
• Exterior features: Porch; Back yard; Lot dimensions approximately 50 x 133

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Two main-level bedrooms; One second-level bedroom
• Bathrooms: One full bathroom; One half bathroom; One main-level bathroom
• Heating & cooling: Gas heating; Central air; Ceiling fan(s)
• Interior features: Insulated windows; Grip-accessible features; Full basement
• Laundry & utility: Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $114k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $260 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $114k).
• Recommended offer: $112k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 7.0% in Girard — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 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 $788 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($112k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $112,290 (1.5% below list)

Questions for the listing agent

1. Built in 1947 — 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. 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?
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: 1.16% ✓
• Cap rate: 9.03%
• Cash-on-cash: 9.78%
• DSCR: 1.44
• GRM: 7.2

CMA / ARV

• ARV (median comp): $118,381
• List price: $114,000
• Delta: -3.70%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
233 E Main St	0.00mi	3/1.5	1,122 (0%)	1mo	$115,000	$102	99
416 Joan Ave	0.19mi	3/2.0	1,221 (+9%)	0mo	$110,000	$90	74
619 N Ward Ave	0.41mi	3/1.5	1,182 (+5%)	7mo	$137,750	$117	66
437 Hazel St	0.37mi	3/1.0	1,080 (-4%)	10mo	$170,000	$157	66
403 N Saint Clair St	0.22mi	3/2.0	1,256 (+12%)	6mo	$70,000	$56	62
437 Joan Ave	0.23mi	3/1.0	1,254 (+12%)	8mo	$142,500	$114	61
843 Lawrence Ave	0.60mi	3/2.0	1,098 (-2%)	7mo	$125,000	$114	61
294 Louis Ave	0.63mi	3/1.0	1,141 (+2%)	6mo	$125,000	$110	60
103 W Wilson Ave	0.44mi	3/2.0	1,200 (+7%)	8mo	$115,000	$96	59
859 Gary Ave	0.63mi	3/1.0	1,212 (+8%)	10mo	$170,000	$140	47
114 Townsend Ave	0.67mi	3/2.5	1,232 (+10%)	2mo	$160,000	$130	47
112 Churchill Rd	0.61mi	2/1.0 (-1)	1,220 (+9%)	10mo	$122,000	$100	42

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: -1.6%
• Equity multiple: 0.94×
• Total profit: $-1,875
• Equity at exit: $16,998

10-year hold

• IRR: 8.1%
• Equity multiple: 1.62×
• Total profit: $19,794
• Equity at exit: $9,857

Cash invested: $31,920 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,327 high
• Mortgage (P&I): −$598
• Tax est. 1.5%: −$142 /mo · $1,710/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $260

Break-even live

Break-even rent $997

Max offer price $114,000

Occupancy floor 75%

Sensitivity live

Price	-10% $339	-5% $300	+0% $260	+5% $221	+10% $181
Rent	-10% $155	-5% $208	+0% $260	+5% $313	+10% $365
Rate	-1.0pp $318	-0.5pp $289	base $260	+0.5pp $231	+1.0pp $201

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: $28,500
• Closing costs: $3,420
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
135 E Broadway Ave Girard, OH	2.0	1.0	1120	$995	$0.89	14d	1	0.24mi
296 E Howard St Girard, OH	3.0	2.0	1253	$1,800	$1.44	44d	1	0.28mi
607 E Kline St Unit A Girard, OH	2.0	1.0	1432	$1,250	$0.87	44d	1	0.34mi
103 Hazel St Girard, OH	2.0	1.5	1152	$1,100	$0.95	14d	1	0.46mi
711 N Highland Ave Unit 711-01 Girard, OH	2.0	1.0	780	$795	$1.02	14d	1	0.47mi
820 Lincoln Ave Girard, OH	2.0	1.0	768	$1,200	$1.56	44d	1	0.53mi
833 Lawrence Ave Girard, OH	4.0	1.0	1312	$1,450	$1.11	14d	1	0.57mi
625 Churchill Rd Girard, OH	3.0	1.0	1200	$1,450	$1.21	14d	1	0.58mi
848 Lawrence Ave Girard, OH	3.0	1.0	950	$1,400	$1.47	14d	1	0.60mi
1079 North Ave Girard, OH	3.0	2.0	1462	$1,600	$1.09	14d	1	0.86mi
817 Taylor Ave Girard, OH	2.0	1.0	780	$1,250	$1.60	21d	1	1.29mi
1046 Leslie Ln Girard, OH	3.0	1.5	936	$1,400	$1.50	21d	1	1.31mi

Listing history 1 events

1. 2026-05-01
   listed $114,000 Active 1060-char remark

ⓘ 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 · 18 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: $15,921
• − Mortgage interest: −$6,386
• − Property taxes: −$1,710
• − Insurance: −$570
• − Repairs & maintenance: −$1,274
• − Management: −$1,274
• − Depreciation: −$3,316
• Taxable income: $1,391
• Est. tax owed @ 24.0%: −$334
• After-tax cash flow: $2,789/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 · 1 photo

Good 75/100 Cosmetic rehab

This well-built, 3-bedroom home on a quiet street is in good condition with a new roof and minimal maintenance required. It offers a good return on investment with updates that can significantly increase its resale and rental value.

Value-add opportunities

• Both Paint interior walls — Enhances curb appeal and interior aesthetics
• Both Replace landscaping — Improves curb appeal and enhances property value
• Both Install new front door — Enhances curb appeal and security

Renovation cost estimate screening

Value-add ROI direction

• Both Paint interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Replace landscaping — Improves curb appeal and enhances property value ↑
• Both Install new front door — Enhances curb appeal and security ↑

ⓘ 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

+0.9% since first listed

3 events — show timeline

• 2026-06-01 Sold (MLS) $115,000 MLSNOW
• 2026-05-20 Pending — MLSNOW
• 2026-05-01 Listed $114,000 MLSNOW