200/202 Meadowbrook Ave · Youngstown, OH 44512

$219,900

6 bd · 3.0 ba · 2,640 sqft · MultiFamily public records · 7 Days on market

Built 1963 10,715 sqft lot $83/sqft · at area comps Est $212k · 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 +19.4/30.0
• DSCR +6.1/10.0
• ARV discount +5.9/15.0
• Schools +5.7/10.0
• 1% rule +5.3/10.0
• Rent growth +4.1/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Built to last!! Brick townhouse side by side duplex. Each unit has 3 beds. 1 1/2 baths, formal living room, large kitchen w/ dinette & appliances, hardwood floors under carpeting. Separate basements & utilities. owner pays for water & trash. 2 car garage.

Key facts

• Tenant occupied
• Brick duplex
• Spacious unit

Tags

• TENANT OCCUPIED
• BRICK DUPLEX
• STRONG INCOME POTENTIAL
• LONG TERM TENANTS
• TURNKEY ADDITION
• SPACIOUS UNIT

What this means for you Summary

Snapshot

• This is a 2 × 3.0-bed/1.5-bath units multifamily listed at $220k.

Deal economics

• At list price, monthly cash flow is $245 ($3k/yr) — positive. Per door: $123/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).

Location & tenants

• Location reads 81/100 on livability (#99 in OH, #1,506 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Boardman Local (urban): math 63% / reading 71% proficiency, ranked #189 of 656 in OH (top 29%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.6%/yr); 137 active listings in the ZIP; 147 units permitted in Mahoning County in 2024 (0 in 5+ unit buildings).
• This rent runs 43% of the median local income ($63k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Mahoning County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 6.6% rent growth), your $62k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y 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.

Recommended offer $219,900

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 7.63%
• Cash-on-cash: 4.78%
• DSCR: 1.21
• GRM: 8.1

CMA / ARV

• ARV (median comp): $212,354
• List price: $219,900
• Delta: 3.55%
• Verdict: FAIR
• Comps: 12 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
200/202 Meadowbrook Ave	0.00mi	6/3.0	2,640 (0%)	1mo	$204,000	$77	100

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 · 6.56% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.81×
• Total profit: $-11,588
• Equity at exit: $32,788

10-year hold

• IRR: 8.6%
• Equity multiple: 1.77×
• Total profit: $47,228
• Equity at exit: $19,013

Cash invested: $61,572 (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 44512

• Home prices YoY: -21.0%
• Rents YoY: 6.6%
• Active inventory: 137
• Price-to-rent: 16.2×

Monthly cashflow live

• Estimated rent: $2,260 high
• Mortgage (P&I): −$1,153
• Tax from tax record: −$295 /mo · $3,545/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$475
• Net cashflow: $245

Break-even live

Break-even rent $1,950

Max offer price $219,900

Occupancy floor 84%

Sensitivity live

Price	-10% $370	-5% $307	+0% $245	+5% $183	+10% $121
Rent	-10% $67	-5% $156	+0% $245	+5% $334	+10% $424
Rate	-1.0pp $356	-0.5pp $301	base $245	+0.5pp $188	+1.0pp $130

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3.0	1.5	$2,260
Total (2 units)			$2,260

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-13
   listed $219,900 Active 904-char remark
2. 2005-07-26
   soldstatus $110,000 273-char remark

   Show marketing remark (273 chars)

   Built to last!! Brick townhouse side by side duplex. Each unit has 3 beds. 1 1/2 baths, formal living room, large kitchen w/ dinette & appliances, hardwood floors under carpeting. Separate basements & utilities. owner pays for water & trash. 2 car garage.

3. 2005-07-26
   soldstatus $110,000

   Show marketing remark (273 chars)

   Built to last!! Brick townhouse side by side duplex. Each unit has 3 beds. 1 1/2 baths, formal living room, large kitchen w/ dinette & appliances, hardwood floors under carpeting. Separate basements & utilities. owner pays for water & trash. 2 car garage.

4. 2005-05-09
   listed $118,000 273-char remark

   Show marketing remark (273 chars)

   Built to last!! Brick townhouse side by side duplex. Each unit has 3 beds. 1 1/2 baths, formal living room, large kitchen w/ dinette & appliances, hardwood floors under carpeting. Separate basements & utilities. owner pays for water & trash. 2 car garage.

ⓘ 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: $3,545 · $295/mo
• Projected year-2 tax: $3,545 · $295/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,120
• − Mortgage interest: −$12,318
• − Property taxes: −$3,545
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,170
• − Management: −$2,170
• − Depreciation: −$6,397
• Taxable loss: −$579
• Est. tax savings @ 24.0%: +$139
• After-tax cash flow: $3,081/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: Boardman Local
• NCES district ID: 3904830
• Math proficiency: 63% ▼ -13.00%
• Reading proficiency: 71% ▼ -8.00%
• Median HH income: $47,613
• Composite: 56.62/100
• National rank: #1142
• State rank: #189 of 656 in OH

Livability — Youngstown

• Score: 81/100
• State rank: #99
• US rank: #1506

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Mahoning County · 84,956 people
• City population: 28,503
• Metro: Youngstown-Warren-Boardman, OH-PA
• Population (ZIP): 32,536
• Household income: $63,317
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 910.0

Population outlook (Mahoning County) Hauer SSP2

• Today (2025): 223,932 people
• By 2030: 218,387 · -2.5%
• By 2040: 205,367 · -8.3%
• By 2050: 193,606 · -13.5%
• By 2075: 173,694 · -22.4%
• By 2100: 151,147 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 9% Two or more races 6% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 6% Lithuanian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 2% Arabic 2% Other Indo-European 1%

Political lean MEDSL · Mahoning

• 2024 margin: Lean R (+9.4) · D 44.9% · R 54.4%
• 2008→2024 swing: -36.1pp toward R · 2008: 26.6pp · 2024: -9.4pp
• All cycles: 2024: R+9.4 2020: R+1.9 2016: D+3.0 2012: D+27.7 2008: D+26.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.75%
• Current HPI: 213.1446
• Rent YoY: ▲ 6.56%
• 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

+72.9% since first listed

6 events — show timeline

• 2026-06-04 Sold (MLS) $204,000 MLSNOW
• 2026-05-20 Pending — MLSNOW
• 2026-05-13 Listed $219,900 MLSNOW
• 2005-07-26 Sold (Public Records) $110,000 Public Records
• 2005-07-26 Sold (MLS) $110,000 MLSNOW
• 2005-05-09 Listed $118,000 MLSNOW

Property tax history

+4.6%/yr

Latest (2025): $3,545 · +9.1% YoY. Source: county tax records.