309 W Broadway St · North Baltimore, OH 45872

$79,000

2 bd · 1.0 ba · 1,450 sqft · SingleFamily public records · 10 Days on market

Built 1900 10,454 sqft lot Est $139k · 43% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two bedroom home in North Baltimore. Large landing area upstairs that could be configured to another bedroom. Good size lot with oversized 2 car detached garage.

Key facts

• Newer 2-car garage
• Bathroom remodel
• New roof

Tags

• ORIGINAL HARDWOOD FLOORS
• NEW ROOF
• HVAC WATER HEATER PLUMBING
• BATHROOM REMODEL
• NEWER 2-CAR GARAGE

Property features AI

Exterior

• Parking: Detached garage; Driveway; 2 garage spaces (4 total parking spaces)
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer
• Home design: Single-family residence; Two levels (2 stories); Not attached to other units; no common walls
• Construction: Vinyl siding; Asphalt shingle roof; Foundation: block and crawl space; Built on two stories
• Exterior features: Deck; City street frontage

Interior

• Kitchen: Kitchen on main level (approximately 14 x 14)
• Bedrooms: One bedroom on the upper level (approximately 11 x 15); An additional upper-level bedroom/other room (approximately 11 x 19)
• Flooring: Hardwood flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced-air heating (natural gas); Central air conditioning
• Interior features: Double vanity; 8 total rooms; Basement: partial, unfinished with block construction, interior and exterior entry, sump pump
• Laundry & utility: Main-level laundry (approximately 8 x 13)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $593 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $79k).
• Cap rate 15.3% vs local median 5.9% in North Baltimore — 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 78/100 on livability (#159 in OH, #2,395 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• North Baltimore Local (town): math 45% / reading 58% proficiency, ranked #424 of 656 in OH (top 65%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: E A Powell Elementary School (math 47% / reading 57%, grade C-, #851 of 1,584 statewide, top 56%, 367 students, 46% FRL); North Baltimore Middle School (math 52% / reading 57%, grade B-, #342 of 654 statewide, top 54%, 95 students, 0% FRL); North Baltimore High School (math 34% / reading 74%, grade C-, #303 of 781 statewide, top 42%, 136 students, 84% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: 33 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 493 units permitted in Wood County in 2024 (48 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wood County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 15y 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 $50k; list at $79k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $79,000

Questions for the listing agent

1. Built in 1900 — 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 B-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: 1.90% ✓
• Cap rate: 15.30%
• Cash-on-cash: 32.16%
• DSCR: 2.43
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $139,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
314 Jewett Ave	0.31mi	2/1.0	1,420 (-2%)	11mo	$134,000	$94	73
114 N Beecher St	0.41mi	3/1.0 (+1)	1,478 (+2%)	2mo	$45,000	$30	70
216 S Tarr St	0.43mi	2/1.0	1,406 (-3%)	6mo	$39,900	$28	70
129 Central Ave	0.10mi	3/1.0 (+1)	1,358 (-6%)	11mo	$152,500	$112	70
318 Belmont St	0.28mi	2/1.0	1,344 (-7%)	7mo	$129,000	$96	69
221 Poplar St	0.24mi	3/1.0 (+1)	1,520 (+5%)	12mo	$185,000	$122	66
306 S 2nd St	0.39mi	3/1.0 (+1)	1,358 (-6%)	4mo	$49,900	$37	63
114 East St	0.36mi	3/2.0 (+1)	1,536 (+6%)	5mo	$172,000	$112	60
300 W Water St	0.22mi	3/2.0 (+1)	1,640 (+13%)	6mo	$141,999	$87	54
504 W State St	0.23mi	3/1.5 (+1)	1,612 (+11%)	14mo	$180,000	$112	52
103 Smith St	0.66mi	3/1.0 (+1)	1,350 (-7%)	5mo	$116,500	$86	49
209 Rudolph Rd	0.68mi	3/2.0 (+1)	1,518 (+5%)	7mo	$218,500	$144	46

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: 27.2%
• Equity multiple: 2.13×
• Total profit: $25,003
• Equity at exit: $11,779

10-year hold

• IRR: 34.8%
• Equity multiple: 4.19×
• Total profit: $70,592
• Equity at exit: $6,830

Cash invested: $22,120 (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 45872

• Home prices YoY: -11.5%
• Active inventory: 33
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,500 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$145 /mo · $1,741/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $593

Break-even live

Break-even rent $750

Max offer price $79,000

Occupancy floor 55%

Sensitivity live

Price	-10% $637	-5% $615	+0% $593	+5% $570	+10% $548
Rent	-10% $474	-5% $534	+0% $593	+5% $652	+10% $711
Rate	-1.0pp $633	-0.5pp $613	base $593	+0.5pp $572	+1.0pp $551

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15980 Quarry Rd North Baltimore, OH	2.0	1.0	1040	$1,500	$1.44	15d	1	1.41mi

Listing history 8 events

1. 2026-06-13
   statusdays on market $79,000 Pending 10 DOM
2. 2026-06-12
   days on market $79,000 Contingent 9 DOM
3. 2026-06-09
   days on market $79,000 Contingent 6 DOM
4. 2026-06-08
   days on market $79,000 Contingent 5 DOM
5. 2026-06-08
   days on market $79,000 Contingent 4 DOM
6. 2026-06-07
   statusdays on market $79,000 Contingent 3 DOM
7. 2026-06-04
   remarks 520-char remark
8. 2026-06-04
   listed $79,000 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: $1,741 · $145/mo
• Projected year-2 tax: $1,741 · $145/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,000
• − Mortgage interest: −$4,425
• − Property taxes: −$1,741
• − Insurance: −$395
• − Repairs & maintenance: −$1,440
• − Management: −$1,440
• − Depreciation: −$2,298
• Taxable income: $6,261
• Est. tax owed @ 24.0%: −$1,503
• After-tax cash flow: $5,610/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: North Baltimore Local
• NCES district ID: 3905070
• Math proficiency: 45% ▼ -21.00%
• Reading proficiency: 58% ▼ -12.00%
• Median HH income: $47,242
• Composite: 43.72/100
• National rank: #2951
• State rank: #424 of 656 in OH

Livability — North Baltimore

• Score: 78/100
• State rank: #159
• US rank: #2395

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Baltimore, OH
• County: Wood · 127,168 people
• City population: 4,572
• Metro: Toledo, OH
• Population (ZIP): 4,572
• Household income: $62,380
• Rent vs Own: 19.3% rent · 80.7% own
• Severe rent burden: 3.8

Population outlook (Wood County) Hauer SSP2

• Today (2025): 138,744 people
• By 2030: 143,189 · +3.2%
• By 2040: 150,896 · +8.8%
• By 2050: 158,589 · +14.3%
• By 2075: 182,166 · +31.3%
• By 2100: 196,533 · +41.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 2% Black 2%
• Common ancestry: Iranian 4% Romanian 2% Slovak 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Wood

• 2024 margin: R (+10.2) · D 44.4% · R 54.6%
• 2008→2024 swing: -17.3pp toward R · 2008: 7.1pp · 2024: -10.2pp
• All cycles: 2024: R+10.2 2020: R+7.6 2016: R+8.5 2012: D+4.2 2008: D+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.19%
• Current HPI: 225.1072
• 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

+31.9% since first listed

11 events — show timeline

• 2026-06-03 Listed $79,000 NORIS
• 2024-03-20 Sold (MLS) $50,000 NORIS
• 2024-03-20 Sold (MLS) $50,000 FAOR
• 2024-03-11 Pending — FAOR
• 2024-03-11 Pending — NORIS
• 2024-03-11 Price Changed $50,000 NORIS
• 2024-02-29 Listed $44,900 NORIS
• 2024-02-29 Listed $44,900 FAOR
• 2012-05-04 Sold (MLS) $59,900 NORIS
• 2012-05-03 Sold (Public Records) $59,900 Public Records
• 2011-01-19 Listed $59,900 NORIS

Property tax history

+0.2%/yr

Latest (2025): $1,741 · +1.0% YoY. Source: county tax records.