2143 Central Parkway Ave SE · Warren, OH 44484

$55,000

3 bd · 1.5 ba · 1,144 sqft · SingleFamily public records · 7 Days on market

Built 1946 5,501 sqft lot ↓ 21% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Welcome to 2143 Central Parkway Ave in Warren. - This property is ready for transformation and offers an excellent opportunity for investors or buyers looking to renovate and build equity. In need of TLC, the home serves as a blank canvas for a flip, full renovation, or long-term rental investment. Bring your vision and creativity to unlock its full potential and add lasting value.

Key facts

• 5,501 sq ft lot
• Garage
• Built 1946

Property features AI

Finance

• Financial info: Annual tax listed (2025)

Exterior

• Parking: Attached garage; 1-car garage
• Utilities: Public water; Public sewer
• Home design: Two-story house; Year built per public records
• Construction: Aluminum, vinyl, and wood siding; Asphalt shingle roof
• Exterior features: Lot size about 0.1263 acres; Above-grade finished area 1,144

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom; One main-level bathroom
• Heating & cooling: Baseboard heating; Heating present
• Interior features: Basement present; 6 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $441 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($986 rent vs $55k).
• Cap rate 15.9% vs local median 5.9% 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.
• Zoned schools: Willard Avenue Pk-8 School (math 19% / reading 30%, grade F, #1,217 of 1,584 statewide, top 78%, 877 students, 0% FRL); Warren G Harding High School (math 16% / reading 32%, grade F, #665 of 781 statewide, top 85%, 1,155 students, 0% FRL) — zoned schools average 0% FRL vs 75% district-wide (75 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 90 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $380 of loan paydown is wiped out by about $2k 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 $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 18y 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 $45k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $55,000

Questions for the listing agent

1. Built in 1946 — 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. 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?
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: 1.79% ✓
• Cap rate: 15.91%
• Cash-on-cash: 34.35%
• DSCR: 2.53
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $134,992
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2143 Central Parkway Ave SE	0.00mi	3/1.5	1,144 (0%)	2mo	$45,000	$39	98
1523 Edgehill Ave SE	0.23mi	3/2.0	1,108 (-3%)	7mo	$122,200	$110	76
1507 Westover Dr SE	0.33mi	3/2.0	1,173 (+2%)	7mo	$133,000	$113	72
1178 Meadowbrook Ave SE	0.41mi	2/1.0 (-1)	1,184 (+4%)	3mo	$95,000	$80	66
3323 Draper Ave SE	0.53mi	2/1.0 (-1)	1,148 (+0%)	4mo	$136,000	$118	64
696 Meadowbrook Ave SE	0.75mi	3/1.5	1,140 (-0%)	2mo	$150,000	$132	63
2712 Ridge Ave SE	0.36mi	2/1.0 (-1)	1,031 (-10%)	1mo	$82,000	$80	58
948 Francis Ave SE	0.63mi	3/2.0	1,170 (+2%)	8mo	$120,000	$103	58
1153 Meadowbrook Ave SE	0.44mi	4/1.0 (+1)	1,248 (+9%)	1mo	$165,000	$132	56
3788 Adrian Dr	0.63mi	3/2.0	1,092 (-4%)	9mo	$170,000	$156	53
1191 Westover	0.49mi	3/2.0	1,284 (+12%)	2mo	$185,000	$144	53
697 Perkinswood Blvd SE	0.73mi	3/2.0	1,222 (+7%)	9mo	$161,305	$132	45

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: 29.8%
• Equity multiple: 2.24×
• Total profit: $19,150
• Equity at exit: $8,201

10-year hold

• IRR: 37.0%
• Equity multiple: 4.43×
• Total profit: $52,779
• Equity at exit: $4,755

Cash invested: $15,400 (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 44484

• Home prices YoY: -17.5%
• Active inventory: 90
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $986 high
• Mortgage (P&I): −$288
• Tax from tax record: −$27 /mo · $322/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$207
• Net cashflow: $441

Break-even live

Break-even rent $428

Max offer price $55,000

Occupancy floor 50%

Sensitivity live

Price	-10% $472	-5% $456	+0% $441	+5% $425	+10% $410
Rent	-10% $363	-5% $402	+0% $441	+5% $480	+10% $519
Rate	-1.0pp $468	-0.5pp $455	base $441	+0.5pp $427	+1.0pp $412

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2232 Youngstown Rd SE Warren, OH	2.0	1.0	800	$1,050	$1.31	15d	1	0.58mi
1151 Kenilworth Ave SE Warren, OH	2.0	1.0	1207	$900	$0.75	15d	1	0.86mi
840 Woodbine Ave SE Unit 838 Warren, OH	2.0	1.0	1009	$1,000	$0.99	15d	1	0.90mi
259 Perkinswood Blvd NE Warren, OH	1.0–2.0	1.0	743	$845	$1.14	15d	3	1.30mi
341 Charles AVE Warren, OH	3.0	1.0	1232	$1,100	$0.89	45d	1	1.43mi

Listing history 7 events

1. 2026-06-22
   days on market $55,000 Active 7 DOM
2. 2026-06-19
   days on market $55,000 Active 5 DOM
3. 2026-06-18
   days on market $55,000 Active 4 DOM
4. 2026-06-17
   days on market $55,000 Active 3 DOM
5. 2026-06-16
   days on market $55,000 Active 2 DOM
6. 2026-06-15
   remarks 699-char remark
7. 2026-06-15
   listed $55,000 Active 1 DOM

ⓘ 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: $322 · $27/mo
• Projected year-2 tax: $590 · $49/mo
• Expected delta: +$268/yr (+$22/mo · 83.4%)

ⓘ 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 ≥98°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: $11,832
• − Mortgage interest: −$3,081
• − Property taxes: −$322
• − Insurance: −$275
• − Repairs & maintenance: −$947
• − Management: −$947
• − Depreciation: −$1,600
• Taxable income: $4,661
• Est. tax owed @ 24.0%: −$1,119
• After-tax cash flow: $4,171/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 · 193,293 people
• City population: 25,805
• Metro: Youngstown-Warren, OH
• Population (ZIP): 21,634
• Household income: $65,435
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 6.7

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 (84%)
• Race & ethnicity: White 84% Black 8% Two or more races 5% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Lithuanian 2% Serbian 1%
• Foreign-born: 3% · China, Canada
• Languages at home: 96% English-only · Other Indo-European 2% Other Asian/Pacific 1% Spanish 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: ▼ -46.24%
• Current HPI: 217.6603
• 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

-21.3% since first listed

13 events — show timeline

• 2026-06-14 Listed $55,000 MLSNOW
• 2026-04-29 Sold (Public Records) $45,000 Public Records
• 2026-04-28 Sold (MLS) $45,000 MLSNOW
• 2026-04-15 Pending — MLSNOW
• 2026-04-08 Listed $49,900 MLSNOW
• 2017-04-28 Sold (Public Records) $6,150 Public Records
• 2017-04-20 Sold (MLS) $6,150 MLSNOW
• 2017-03-26 Pending — MLSNOW
• 2017-03-21 Contingent — MLSNOW
• 2017-03-09 Sold (Public Records) $6,000 Public Records
• 2017-03-04 Listed $5,050 MLSNOW
• 2009-02-28 Listing Removed — MLSNOW
• 2008-03-07 Listed $69,900 MLSNOW

Property tax history

-4.6%/yr

Latest (2025): $322 · +1.9% YoY. Source: county tax records.