4139 Walker Ave · Toledo, OH 43612

$76,000

2 bd · 1.0 ba · 868 sqft · SingleFamily public records · 154 Days on market

Built 1912 3,202 sqft lot Est $107k · 29% 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 +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +7.4/10.0
• Rent growth +4.0/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 2 bed 1 bath North Toledo home. Currently rented for $590/mo on month to month lease. Home is part of a 19 property package being sold either together (at a possible discount) or individually. See attachment for complete list, rental amounts, lease dates and lead safe certs. Call today to add these to your portfolio!

Key facts

• 3,202 sq ft lot
• Garage
• Built 1912

🏷️ Possibly a rental listed for sale. The $76,000 price doesn't fit this home's estimated sale value (~$106,764) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $76k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($942 rent vs $76k).
• Recommended offer: $67k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 7.6% in Toledo — 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 66/100 on livability (#645 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, crime F, commute F.
• Toledo City (urban): math 15% / reading 24% proficiency, ranked #634 of 656 in OH (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Whittier Elementary School (math 6% / reading 13%, grade F, #1,505 of 1,584 statewide, top 95%, 509 students, 0% FRL); Start High School (math 11% / reading 33%, grade F, #672 of 781 statewide, top 86%, 1,242 students, 50% FRL) — zoned schools average 25% FRL vs 72% district-wide (47 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+6.0%/yr); 92 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $525 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Lucas County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 6.0% rent growth), your $21k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 24y ago; this cycle's ask has dropped $4k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $66,880 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1912 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.24% ✓
• Cap rate: 10.02%
• Cash-on-cash: 13.31%
• DSCR: 1.59
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $106,764
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4139 Walker Ave	0.00mi	2/1.0	868 (0%)	0mo	$73,000	$84	100
504 Eleanor Ave	0.48mi	2/1.0	844 (-3%)	4mo	$83,500	$99	69
520 Waggoner Blvd	0.51mi	2/1.0	896 (+3%)	2mo	$110,000	$123	69
4139 Caroline Ave	0.28mi	2/1.0	786 (-9%)	4mo	$75,000	$95	68
4352 Packard Rd	0.40mi	2/1.5	926 (+7%)	2mo	$56,650	$61	66
539 Sunset Blvd	0.51mi	2/1.0	824 (-5%)	5mo	$114,000	$138	64
706 W Gramercy Ave	0.62mi	2/1.0	966 (+11%)	2mo	$99,000	$102	51
713 W Capistrano Ave	0.70mi	2/2.0	800 (-8%)	2mo	$133,615	$167	49
904 Annabelle Dr	0.55mi	3/1.0 (+1)	972 (+12%)	2mo	$102,000	$105	48
1023 Hawk St	0.59mi	3/1.0 (+1)	965 (+11%)	3mo	$152,000	$158	46
718 W Capistrano Ave	0.73mi	3/1.0 (+1)	945 (+9%)	1mo	$120,000	$127	45
318 Sunset Blvd	0.69mi	2/1.0	758 (-13%)	2mo	$98,000	$129	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 · 6.01% rent growth · sell at horizon

5-year hold

• IRR: 6.6%
• Equity multiple: 1.27×
• Total profit: $5,665
• Equity at exit: $11,332

10-year hold

• IRR: 18.4%
• Equity multiple: 2.75×
• Total profit: $37,145
• Equity at exit: $6,571

Cash invested: $21,280 (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 43612

• Home prices YoY: -17.5%
• Rents YoY: 6.0%
• Active inventory: 92
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $942 high
• Mortgage (P&I): −$399
• Tax from tax record: −$78 /mo · $938/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $236

Break-even live

Break-even rent $644

Max offer price $76,000

Occupancy floor 70%

Sensitivity live

Price	-10% $279	-5% $258	+0% $236	+5% $215	+10% $193
Rent	-10% $162	-5% $199	+0% $236	+5% $273	+10% $311
Rate	-1.0pp $274	-0.5pp $255	base $236	+0.5pp $216	+1.0pp $196

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: $19,000
• Closing costs: $2,280
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4158 Mayfield Dr Toledo, OH	2.0	1.0	960	$850	$0.89	15d	1	0.18mi
4039 Vermaas Ave Toledo, OH	2.0	1.0	900	$900	$1.00	24d	1	0.20mi
4039 Vermaas Ave Toledo, OH	1.0	1.0	612	$675	$1.10	44d	1	0.20mi
4013 Caroline Ave Toledo, OH	1.0	1.0	840	$800	$0.95	22d	1	0.33mi
4220 Caroline Ave Toledo, OH	3.0	1.0	944	$1,095	$1.16	44d	1	0.33mi
3950 Woodhaven Dr Toledo, OH	2.0	1.0	1072	$745	$0.69	24d	1	0.35mi
3805 Berkeley Unit 3 Toledo, OH	1.0	1.0	700	$735	$1.05	15d	1	0.43mi
3812 Drexel Dr Apt 2 Toledo, OH	1.0	1.0	950	$773	$0.81	24d	1	0.43mi
4412 Packard Rd Toledo, OH	2.0	1.0	672	$900	$1.34	15d	1	0.45mi
3915 Willys Pkwy Unit 3915 Toledo, OH	3.0	1.0	1080	$800	$0.74	22d	1	0.50mi
3615 Berkeley Dr Toledo, OH	3.0	1.0	1096	$1,400	$1.28	15d	1	0.54mi
3541 Willys Pkwy Toledo, OH	3.0	1.0	1113	$1,400	$1.26	44d	1	0.73mi
244 Sunset Blvd Toledo, OH	2.0	1.0	726	$1,045	$1.44	22d	1	0.77mi
1338 Crestwood Rd Toledo, OH	3.0	1.0	1000	$1,250	$1.25	15d	1	0.79mi
3901 Leybourn Ave Toledo, OH	3.0	1.0	840	$1,150	$1.37	24d	1	0.85mi
1489 Berdan Ave Toledo, OH	3.0	1.0	1068	$1,250	$1.17	44d	1	0.91mi
823 Custer Dr Unit Upstairs Toledo, OH	2.0	1.0	700	$925	$1.32	15d	1	0.92mi
3817 Burton Ave Toledo, OH	3.0	1.0	754	$1,015	$1.35	22d	1	0.92mi
3801 Torrance Dr Unit 3801 4 Toledo, OH	1.0	1.0	750	$600	$0.80	24d	1	1.05mi
3940 Jackman Rd Unit B Toledo, OH	1.0	1.0	600	$650	$1.08	44d	1	1.09mi
4435 Jackman Rd Toledo, OH	1.0–2.0	1.0	725	$922	$1.27	15d	3	1.17mi
5207 Bennett Rd Toledo, OH	2.0	2.0	1109	$1,200	$1.08	15d	1	1.18mi
1732 Talbot St Toledo, OH	2.0	1.0	840	$995	$1.18	24d	1	1.25mi
1705 Marlow Rd Toledo, OH	2.0	1.0	738	$1,000	$1.36	24d	1	1.30mi
927 W Northgate Pkwy Toledo, OH	2.0	1.0	896	$1,100	$1.23	15d	1	1.32mi
1846 Loxley Rd Toledo, OH	2.0	1.0	876	$900	$1.03	44d	1	1.41mi
3683 Upton Ave Toledo, OH	3.0	1.0	1119	$1,100	$0.98	44d	1	1.44mi

Listing history 19 events

1. 2026-03-16
   status Pending
2. 2026-01-14
   price $76,000
3. 2025-12-24
   status Active
4. 2025-12-12
   status Pending
5. 2025-10-14
   price $45,000 323-char remark

   Show marketing remark (323 chars)

   Cute 2 bed 1 bath North Toledo home. Currently rented for $590/mo on month to month lease. Home is part of a 19 property package being sold either together (at a possible discount) or individually. See attachment for complete list, rental amounts, lease dates and lead safe certs. Call today to add these to your portfolio!

6. 2025-10-09
   price $32,900 49-char remark

   Show marketing remark (49 chars)

   NICE AND CLEAN- SMALL RENTAL HOME- GOOD CONDITION

7. 2025-09-30
   listed $80,000 Active
8. 2024-09-10
   historical $825
9. 2024-09-05
   listed $825
10. 2022-02-02
    soldstatus $709,000
11. 2022-01-31
    soldstatus $45,000 Closed 323-char remark

    Show marketing remark (323 chars)

    Cute 2 bed 1 bath North Toledo home. Currently rented for $590/mo on month to month lease. Home is part of a 19 property package being sold either together (at a possible discount) or individually. See attachment for complete list, rental amounts, lease dates and lead safe certs. Call today to add these to your portfolio!

12. 2022-01-26
    status Pending 323-char remark

    Show marketing remark (323 chars)

    Cute 2 bed 1 bath North Toledo home. Currently rented for $590/mo on month to month lease. Home is part of a 19 property package being sold either together (at a possible discount) or individually. See attachment for complete list, rental amounts, lease dates and lead safe certs. Call today to add these to your portfolio!

13. 2021-11-04
    historical Contingent 323-char remark

    Show marketing remark (323 chars)

    Cute 2 bed 1 bath North Toledo home. Currently rented for $590/mo on month to month lease. Home is part of a 19 property package being sold either together (at a possible discount) or individually. See attachment for complete list, rental amounts, lease dates and lead safe certs. Call today to add these to your portfolio!

14. 2021-10-29
    listed $50,000 Active 323-char remark

    Show marketing remark (323 chars)

    Cute 2 bed 1 bath North Toledo home. Currently rented for $590/mo on month to month lease. Home is part of a 19 property package being sold either together (at a possible discount) or individually. See attachment for complete list, rental amounts, lease dates and lead safe certs. Call today to add these to your portfolio!

15. 2006-07-30
    historical
16. 2006-01-30
    listed $44,900
17. 2002-03-11
    soldstatus $32,900 49-char remark

    Show marketing remark (49 chars)

    NICE AND CLEAN- SMALL RENTAL HOME- GOOD CONDITION

18. 2002-01-28
    listed $36,900 49-char remark

    Show marketing remark (49 chars)

    NICE AND CLEAN- SMALL RENTAL HOME- GOOD CONDITION

19. 1988-07-27
    soldstatus $15,500

ⓘ 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: $938 · $78/mo
• Projected year-2 tax: $1,062 · $88/mo
• Expected delta: +$124/yr (+$10/mo · 13.2%)

ⓘ 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 ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,308
• − Mortgage interest: −$4,257
• − Property taxes: −$938
• − Insurance: −$380
• − Repairs & maintenance: −$905
• − Management: −$905
• − Depreciation: −$2,211
• Taxable income: $1,713
• Est. tax owed @ 24.0%: −$411
• After-tax cash flow: $2,422/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: Toledo City
• NCES district ID: 3904490
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 24% ▼ -13.00%
• Median HH income: $32,137
• Composite: 15.76/100
• National rank: #9276
• State rank: #634 of 656 in OH

Livability — Toledo

• Score: 66/100
• State rank: #645
• US rank: #11442

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Toledo, OH
• County: Lucas County · 380,724 people
• City population: 280,811
• Metro: Toledo, OH
• Population (ZIP): 28,480
• Household income: $50,728
• Rent vs Own: 45.4% rent · 54.6% own
• Severe rent burden: 1203.0

Population outlook (Lucas County) Hauer SSP2

• Today (2025): 420,751 people
• By 2030: 410,187 · -2.5%
• By 2040: 384,019 · -8.7%
• By 2050: 355,125 · -15.6%
• By 2075: 291,683 · -30.7%
• By 2100: 233,670 · -44.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (63%)
• Race & ethnicity: White 63% Black 23% Two or more races 10% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 9% Lithuanian 3% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Lucas

• 2024 margin: D (+12.6) · D 55.8% · R 43.2%
• 2008→2024 swing: -18.9pp toward R · 2008: 31.4pp · 2024: 12.6pp
• All cycles: 2024: D+12.6 2020: D+16.8 2016: D+17.4 2012: D+30.4 2008: D+31.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -50.05%
• Current HPI: 235.5389
• Rent YoY: ▲ 6.01%
• Metro: Toledo, 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

+390.3% since first listed

19 events — show timeline

• 2026-03-16 Pending — NORIS
• 2026-01-14 Price Changed $76,000 NORIS
• 2025-12-24 Relisted — NORIS
• 2025-12-12 Pending — NORIS
• 2025-10-14 Price Changed $45,000 NORIS
• 2025-10-09 Price Changed $32,900 NORIS
• 2025-09-30 Listed $80,000 NORIS
• 2024-09-10 Rental Removed $825 RENTALBEAST
• 2024-09-05 Listed for Rent $825 RENTALBEAST
• 2022-02-02 Sold (Public Records) $709,000 Public Records
• 2022-01-31 Sold (MLS) $45,000 NORIS
• 2022-01-26 Pending — NORIS
• 2021-11-04 Contingent — NORIS
• 2021-10-29 Listed $50,000 NORIS
• 2006-07-30 Listing Removed — NORIS
• 2006-01-30 Listed $44,900 NORIS
• 2002-03-11 Sold (MLS) $32,900 NORIS
• 2002-01-28 Listed $36,900 NORIS
• 1988-07-27 Sold (Public Records) $15,500 Public Records

Property tax history

+2.8%/yr

Latest (2025): $938 · -20.5% YoY. Source: county tax records.