2917 Apple Ave · Lorain, OH 44055

$99,900

3 bd · 1.0 ba · 1,109 sqft · SingleFamily public records · 59 Days on market

Built 1900 3,920 sqft lot $90/sqft · at area comps Est $92k · 8% over

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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 +29.9/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• ARV discount +3.8/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this recently updated home in Lorain offering a simple, functional layout and key improvements already taken care of. With 3 bedrooms and 1 full bath, this property provides a solid option for buyers looking for an affordable move-in-ready space. The home has been renovated with updated finishes throughout, giving it a clean and refreshed feel. Major mechanical peace of mind comes with a new water tank, helping reduce immediate maintenance concerns for the next owner. Inside, you’ll find a practical floor plan with comfortable living areas and bedrooms that can easily adapt to your needs, whether that’s everyday living, a home office, or guest space. This property is a great fit for first-time buyers, downsizers, or investors looking for a straightforward opportunity with updates already completed. Conveniently located near local amenities, this home offers a balance of value and functionality without overcomplication.

Key facts

• 3,920 sq ft lot
• Built 1900
• Listed 59 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $369 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% 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: 81 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 37% of the median local income ($41k/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 $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $96,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.27% ✓
• Cap rate: 10.72%
• Cash-on-cash: 15.82%
• DSCR: 1.70
• GRM: 6.6

CMA / ARV

• ARV (median comp): $92,280
• List price: $99,900
• Delta: 8.26%
• 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
125 E 30th St	0.03mi	3/1.5	1,137 (+2%)	2mo	$136,800	$120	91
2623 Elyria Ave	0.18mi	3/1.0	1,109 (0%)	6mo	$55,000	$50	87
2349 Kelly Pl	0.43mi	3/1.0	1,164 (+5%)	1mo	$110,210	$95	71
2731 Lexington Ave	0.35mi	3/1.0	1,056 (-5%)	6mo	$60,000	$57	71
3519 Clifton Ave	0.51mi	2/1.0 (-1)	1,109 (0%)	10mo	$55,000	$50	63
3026 Caroline Ave	0.14mi	3/1.5	1,264 (+14%)	8mo	$173,000	$137	61
3209 Tressa Ave	0.66mi	2/2.0 (-1)	1,089 (-2%)	0mo	$206,000	$189	57
3266 Livingston Ave	0.28mi	2/1.0 (-1)	971 (-12%)	6mo	$97,000	$100	56
623 W 24th St	0.59mi	3/2.0	1,056 (-5%)	6mo	$140,700	$133	55
504 W 21st St	0.67mi	3/1.0	1,174 (+6%)	6mo	$115,000	$98	54
3522 Oakdale Ave Ave	0.63mi	3/1.0	1,231 (+11%)	9mo	$150,000	$122	45
2027 Lexington Ave	0.64mi	4/2.0 (+1)	1,260 (+14%)	4mo	$63,000	$50	35

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: 6.7%
• Equity multiple: 1.26×
• Total profit: $7,278
• Equity at exit: $14,895

10-year hold

• IRR: 16.0%
• Equity multiple: 2.31×
• Total profit: $36,511
• Equity at exit: $8,638

Cash invested: $27,972 (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 44055

• Home prices YoY: -30.5%
• Active inventory: 81
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,269 high
• Mortgage (P&I): −$524
• Tax from tax record: −$69 /mo · $822/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $369

Break-even live

Break-even rent $803

Max offer price $99,900

Occupancy floor 66%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2715 Apple Ave Lorain, OH	3.0	1.0	1240	$1,311	$1.06	44d	1	0.12mi
3132 Elyria Ave Lorain, OH	3.0	1.5	1109	$1,250	$1.13	44d	1	0.15mi
117 W 30th St Lorain, OH	2.0	1.0	1344	$925	$0.69	44d	1	0.15mi
2550 Elyria Ave Unit 2 Lorain, OH	3.0	1.0	765	$1,200	$1.57	8d	1	0.20mi
336 W 29th St Lorain, OH	3.0	1.0	1440	$1,350	$0.94	44d	1	0.33mi
2349 Elyria Ave Unit 2 Lorain, OH	2.0	1.0	800	$925	$1.16	44d	1	0.33mi
612 E 33rd St Lorain, OH	3.0	1.0	960	$995	$1.04	44d	1	0.34mi
128 W 22nd St Lorain, OH	3.0	1.0	1402	$1,470	$1.05	44d	1	0.51mi
509 W 24th St Lorain, OH	2.0	1.0	1036	$1,400	$1.35	44d	1	0.51mi
3502 Lowell Ave Lorain, OH	3.0	1.0	788	$1,095	$1.39	2d	1	0.63mi
704 W 21st St Lorain, OH	4.0	1.0	1410	$1,450	$1.03	24d	1	0.75mi
938 S Central Dr Lorain, OH	2.0	1.0	850	$950	$1.12	44d	1	0.78mi
942 S Central Dr Lorain, OH	2.0	1.0	850	$1,000	$1.18	24d	1	0.78mi
944 S Central Dr Lorain, OH	3.0	1.0	950	$1,250	$1.32	24d	1	0.78mi
1724 Lexington Ave Lorain, OH	3.0	1.0	1150	$1,215	$1.06	24d	1	0.87mi
2307 Washington Ave Lorain, OH	1.0–3.0	1.0	880	$1,499	$1.70	2d	1	0.87mi
939 W 22nd St Lorain, OH	3.0	1.0	950	$1,295	$1.36	44d	1	0.91mi
1703 Oakdale Ave Lorain, OH	3.0	1.0	1237	$1,300	$1.05	3d	1	0.93mi
1637 E 29th St Lorain, OH	2.0	1.0	1200	$979	$0.82	15d	1	0.96mi
1639 E 31st St Unit 1637 Lorain, OH	3.0	1.0	1500	$1,200	$0.80	44d	1	0.99mi
1421 Long Ave Lorain, OH	2.0	1.0	719	$1,140	$1.59	44d	1	1.00mi
521 W 14th St Lorain, OH	3.0	1.0	968	$950	$0.98	44d	1	1.01mi
930 W 18th St Lorain, OH	4.0	1.0	1344	$1,450	$1.08	44d	1	1.06mi
420 W 12th St Lorain, OH	3.0	1.0	1204	$1,650	$1.37	4d	1	1.18mi
1730 E 30th St Unit 1730 Lorain, OH	3.0	1.0	1120	$1,250	$1.12	44d	1	1.21mi
1053 Washington Ave Unit 4 Lorain, OH	3.0	1.0	1000	$899	$0.90	44d	1	1.31mi
1220 W 19th St Lorain, OH	4.0	1.0	1492	$1,550	$1.04	24d	1	1.36mi
1055 W 12th St Lorain, OH	4.0	1.0	1206	$1,750	$1.45	24d	1	1.36mi
1777 E 37th St Unit 1777 Lorain, OH	2.0	1.0	800	$1,150	$1.44	2d	1	1.40mi
1813 E 30th St Lorain, OH	4.0	1.0	1344	$1,450	$1.08	44d	1	1.41mi
1312 W 37th St Lorain, OH	2.0	1.0	810	$1,200	$1.48	44d	1	1.41mi
1818 E 29th St Unit 1816 Lorain, OH	3.0	1.0	1098	$1,195	$1.09	44d	1	1.42mi
4850 Oneil Blvd Lorain, OH	2.0–3.0	1.0–1.5	981	$915	$0.93	2d	1	1.46mi
1031 W 9th St Lorain, OH	2.0	1.0	854	$895	$1.05	24d	1	1.48mi

Listing history 23 events

1. 2026-06-18
   days on market $99,900 Active 59 DOM
2. 2026-06-17
   days on market $99,900 Active 58 DOM
3. 2026-06-16
   days on market $99,900 Active 57 DOM
4. 2026-06-15
   days on market $99,900 Active 56 DOM
5. 2026-06-13
   days on market $99,900 Active 54 DOM
6. 2026-06-13
   days on market $99,900 Active 53 DOM
7. 2026-06-09
   days on market $99,900 Active 50 DOM
8. 2026-06-08
   days on market $99,900 Active 49 DOM
9. 2026-06-07
   days on market $99,900 Active 48 DOM
10. 2026-06-03
    days on market $99,900 Active 44 DOM
11. 2026-06-02
    days on market $99,900 Active 43 DOM
12. 2026-06-01
    days on market $99,900 Active 42 DOM
13. 2026-05-31
    days on market $99,900 Active 41 DOM
14. 2026-05-06
    price $99,900 955-char remark

    Show marketing remark (955 chars)

    Welcome to this recently updated home in Lorain offering a simple, functional layout and key improvements already taken care of. With 3 bedrooms and 1 full bath, this property provides a solid option for buyers looking for an affordable move-in-ready space. The home has been renovated with updated finishes throughout, giving it a clean and refreshed feel. Major mechanical peace of mind comes with a new water tank, helping reduce immediate maintenance concerns for the next owner. Inside, you’ll find a practical floor plan with comfortable living areas and bedrooms that can easily adapt to your needs, whether that’s everyday living, a home office, or guest space. This property is a great fit for first-time buyers, downsizers, or investors looking for a straightforward opportunity with updates already completed. Conveniently located near local amenities, this home offers a balance of value and functionality without overcomplication.

15. 2026-04-20
    listed $109,900 Active 955-char remark

    Show marketing remark (955 chars)

    Welcome to this recently updated home in Lorain offering a simple, functional layout and key improvements already taken care of. With 3 bedrooms and 1 full bath, this property provides a solid option for buyers looking for an affordable move-in-ready space. The home has been renovated with updated finishes throughout, giving it a clean and refreshed feel. Major mechanical peace of mind comes with a new water tank, helping reduce immediate maintenance concerns for the next owner. Inside, you’ll find a practical floor plan with comfortable living areas and bedrooms that can easily adapt to your needs, whether that’s everyday living, a home office, or guest space. This property is a great fit for first-time buyers, downsizers, or investors looking for a straightforward opportunity with updates already completed. Conveniently located near local amenities, this home offers a balance of value and functionality without overcomplication.

16. 2025-11-16
    historical $950
17. 2025-10-27
    price $950
18. 2025-10-12
    price $1,050
19. 2025-09-25
    price $1,199
20. 2025-09-22
    listed $1,299
21. 2024-08-13
    soldstatus $282,000
22. 2024-04-22
    soldstatus $5,000,000
23. 2017-03-31
    soldstatus $1,990,000

ⓘ 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: $822 · $69/mo
• Projected year-2 tax: $1,190 · $99/mo
• Expected delta: +$368/yr (+$31/mo · 44.8%)

ⓘ 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 · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,231
• − Mortgage interest: −$5,596
• − Property taxes: −$822
• − Insurance: −$500
• − Repairs & maintenance: −$1,218
• − Management: −$1,218
• − Depreciation: −$2,906
• Taxable income: $2,970
• Est. tax owed @ 24.0%: −$713
• After-tax cash flow: $3,711/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): 20,043
• Household income: $40,636
• Rent vs Own: 47.3% rent · 52.7% own
• Severe rent burden: 1140.0

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 0.68)
• Race & ethnicity: White 41% Hispanic / Latino 37% Two or more races 24% Black 14%
• Hispanic origin (detail): Mexican 7% Puerto Rican 27%
• Common ancestry: Romanian 5% Slovak 1%
• Foreign-born: 4% · Canada, Guatemala
• Languages at home: 75% English-only · Spanish 23%

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: ▼ -79.26%
• Current HPI: 180.9309
• Rent YoY: —
• 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

-95.0% since first listed

10 events — show timeline

• 2026-05-06 Price Changed $99,900 MLSNOW
• 2026-04-20 Listed $109,900 MLSNOW
• 2025-11-16 Rental Removed $950 SHOWMOJO
• 2025-10-27 Price Changed $950 SHOWMOJO
• 2025-10-12 Price Changed $1,050 SHOWMOJO
• 2025-09-25 Price Changed $1,199 SHOWMOJO
• 2025-09-22 Listed for Rent $1,299 SHOWMOJO
• 2024-08-13 Sold (Public Records) $282,000 Public Records
• 2024-04-22 Sold (Public Records) $5,000,000 Public Records
• 2017-03-31 Sold (Public Records) $1,990,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $822 · -4.9% YoY. Source: county tax records.