1268 Oxford Dr · North Madison, OH 44057

$188,000

3 bd · 1.5 ba · 1,200 sqft · SingleFamily public records · 61 Days on market

Built 1994 6,351 sqft lot

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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 +21.1/30.0
• ARV discount +7.5/15.0
• DSCR +6.7/10.0
• 1% rule +5.6/10.0
• Schools +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully updated ranch that that is steps away from the breezy shores of Lake Erie. This home has 3 bedrooms and 1.5 baths. The neutral decor just added with the luxury vinyl tile, soft carpet and warm paint leave you a multitude of options for decorating. The home has a brand new furnace and hot water tank (2020) All you need to do is pack your bag and move in!

Key facts

• Spacious yard
• Updated baths
• Beach access

Tags

• ONE FLOOR LIVING
• UPDATED BATHS
• BRIGHT EAT-IN KITCHEN
• SPACIOUS YARD
• MATURE TREES
• BEACH ACCESS

Property features AI

Finance

• Other: Home warranty included
• HOA & community: Community amenities: lake, park

Exterior

• Parking: Detached garage; Two garage spaces
• Security: Security system installed
• Utilities: Public water; Public sewer
• Home design: Single-story home; Faces east; Slab foundation
• Construction: Vinyl siding; Asphalt roof; Built in public-records year (year built source: public records)
• Exterior features: Front and back yards; Partial wood fencing; Outbuilding / storage structure; Gravel parking areas

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Eat-in kitchen layout
• Bedrooms: Three main-level bedrooms; Bedrooms with carpet flooring and window treatments
• Flooring: Carpet in bedrooms and some rooms; Ceramic tile in kitchen; Laminate countertops noted (counter material)
• Bathrooms: One full bathroom; One half bathroom; Two main-level bathrooms
• Heating & cooling: Window cooling units; Heating via baseboard, gas, hot water and steam
• Interior features: Ceiling fans; Eat-in kitchen; Laminate countertops; Window coverings and treatments
• Laundry & utility: Washer hookup on main level; Electric dryer hookup on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $188k.

Deal economics

• At list price, monthly cash flow is $270 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $188k).
• Recommended offer: $177k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#865 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, health & safety D, schools D-.
• Market conditions: 96 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 448 units permitted in Lake County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($70k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lake County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 27y 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 $120k; list at $188k implies a 57% gain — meaningful room to come down on a strong offer.

Recommended offer $176,720 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 1.06% ✓
• Cap rate: 8.02%
• Cash-on-cash: 6.16%
• DSCR: 1.27
• GRM: 7.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.8%
• Equity multiple: 0.75×
• Total profit: $-13,227
• Equity at exit: $28,031

10-year hold

• IRR: 2.8%
• Equity multiple: 1.20×
• Total profit: $10,773
• Equity at exit: $16,255

Cash invested: $52,640 (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 44057

• Active inventory: 96
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,995 medium
• Mortgage (P&I): −$986
• Tax from tax record: −$242 /mo · $2,901/yr
• Insurance: −$78
• HOA: −$0
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $270

Break-even live

Break-even rent $1,653

Max offer price $188,000

Occupancy floor 81%

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: $47,000
• Closing costs: $5,640
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6724 Georgetown Ln Madison, OH	2.0–3.0	2.0	1260	$1,995	$1.58	44d	1	1.29mi

Listing history 24 events

1. 2026-04-29
   status Pending
2. 2026-04-22
   status Active
3. 2026-04-14
   historical Contingent
4. 2026-03-31
   price $188,000
5. 2026-02-26
   listed $193,000 Active
6. 2025-07-31
   historical
7. 2025-07-16
   listed $185,000 Active
8. 2020-05-07
   soldstatus $119,900 Closed 383-char remark

   Show marketing remark (383 chars)

   Welcome to this beautifully updated ranch that that is steps away from the breezy shores of Lake Erie. This home has 3 bedrooms and 1.5 baths. The neutral decor just added with the luxury vinyl tile, soft carpet and warm paint leave you a multitude of options for decorating. The home has a brand new furnace and hot water tank (2020) All you need to do is pack your bag and move in!

9. 2020-05-07
   soldstatus $119,900

   Show marketing remark (383 chars)

   Welcome to this beautifully updated ranch that that is steps away from the breezy shores of Lake Erie. This home has 3 bedrooms and 1.5 baths. The neutral decor just added with the luxury vinyl tile, soft carpet and warm paint leave you a multitude of options for decorating. The home has a brand new furnace and hot water tank (2020) All you need to do is pack your bag and move in!

10. 2020-03-22
    historical Contingent 383-char remark

    Show marketing remark (383 chars)

    Welcome to this beautifully updated ranch that that is steps away from the breezy shores of Lake Erie. This home has 3 bedrooms and 1.5 baths. The neutral decor just added with the luxury vinyl tile, soft carpet and warm paint leave you a multitude of options for decorating. The home has a brand new furnace and hot water tank (2020) All you need to do is pack your bag and move in!

11. 2020-03-08
    listed $119,900 Active 383-char remark

    Show marketing remark (383 chars)

    Welcome to this beautifully updated ranch that that is steps away from the breezy shores of Lake Erie. This home has 3 bedrooms and 1.5 baths. The neutral decor just added with the luxury vinyl tile, soft carpet and warm paint leave you a multitude of options for decorating. The home has a brand new furnace and hot water tank (2020) All you need to do is pack your bag and move in!

12. 2020-02-28
    historical $119,900 383-char remark

    Show marketing remark (383 chars)

    Welcome to this beautifully updated ranch that that is steps away from the breezy shores of Lake Erie. This home has 3 bedrooms and 1.5 baths. The neutral decor just added with the luxury vinyl tile, soft carpet and warm paint leave you a multitude of options for decorating. The home has a brand new furnace and hot water tank (2020) All you need to do is pack your bag and move in!

13. 2020-01-09
    soldstatus $70,000 Closed
14. 2019-12-17
    historical
15. 2019-11-20
    price $74,900
16. 2019-10-15
    price $84,900
17. 2019-09-18
    listed $94,900 Active
18. 2005-04-29
    soldstatus $118,800
19. 2005-04-29
    soldstatus $118,800
20. 2005-03-22
    listed $116,800
21. 2000-03-08
    soldstatus $71,880
22. 1999-12-17
    listed $83,000
23. 1994-09-23
    soldstatus $67,900
24. 1993-10-21
    soldstatus $7,500

ⓘ 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: $2,901 · $242/mo
• Projected year-2 tax: $2,917 · $243/mo
• Expected delta: +$16/yr (+$1/mo · 0.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,940
• − Mortgage interest: −$10,531
• − Property taxes: −$2,901
• − Insurance: −$940
• − Repairs & maintenance: −$1,915
• − Management: −$1,915
• − Depreciation: −$5,469
• Taxable income: $269
• Est. tax owed @ 24.0%: −$65
• After-tax cash flow: $3,177/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)

No district data.

Livability — North Madison

• Score: 62/100
• State rank: #865
• US rank: #16372

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Madison, OH
• County: Lake · 224,932 people
• City population: 19,491
• Metro: Cleveland, OH
• Population (ZIP): 19,491
• Household income: $70,212
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 8.5

Population outlook (Lake County) Hauer SSP2

• Today (2025): 230,022 people
• By 2030: 228,151 · -0.8%
• By 2040: 221,018 · -3.9%
• By 2050: 212,754 · -7.5%
• By 2075: 200,309 · -12.9%
• By 2100: 183,315 · -20.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Scotch-Irish 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Lake

• 2024 margin: R (+14.3) · D 42.4% · R 56.7%
• 2008→2024 swing: -15.2pp toward R · 2008: 0.8pp · 2024: -14.3pp
• All cycles: 2024: R+14.3 2020: R+13.6 2016: R+15.6 2012: R+1.7 2008: D+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -241.42%
• Current HPI: 187.8978
• Rent YoY: —
• Metro: —
• 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

+2406.7% since first listed

24 events — show timeline

• 2026-04-29 Pending — MLSNOW
• 2026-04-22 Relisted — MLSNOW
• 2026-04-14 Contingent — MLSNOW
• 2026-03-31 Price Changed $188,000 MLSNOW
• 2026-02-26 Listed $193,000 MLSNOW
• 2025-07-31 Listing Removed — MLSNOW
• 2025-07-16 Listed $185,000 MLSNOW
• 2020-05-07 Sold (Public Records) $119,900 Public Records
• 2020-05-07 Sold (MLS) $119,900 MLSNOW
• 2020-03-22 Contingent — MLSNOW
• 2020-03-08 Listed $119,900 MLSNOW
• 2020-02-28 Coming Soon $119,900 MLSNOW
• 2020-01-09 Sold (MLS) $70,000 MLSNOW
• 2019-12-17 Listing Removed — MLSNOW
• 2019-11-20 Price Changed $74,900 MLSNOW
• 2019-10-15 Price Changed $84,900 MLSNOW
• 2019-09-18 Listed $94,900 MLSNOW
• 2005-04-29 Sold (Public Records) $118,800 Public Records
• 2005-04-29 Sold (MLS) $118,800 MLSNOW
• 2005-03-22 Listed $116,800 MLSNOW
• 2000-03-08 Sold (MLS) $71,880 MLSNOW
• 1999-12-17 Listed $83,000 MLSNOW
• 1994-09-23 Sold (Public Records) $67,900 Public Records
• 1993-10-21 Sold (Public Records) $7,500 Public Records

Property tax history

+3.3%/yr

Latest (2025): $2,901 · -0.6% YoY. Source: county tax records.