4244 N Lockwood Ave · Toledo, OH 43612

$84,000

3 bd · 1.0 ba · 983 sqft · SingleFamily public records · 146 Days on market

Built 1950 4,900 sqft lot $85/sqft · 26% below area Est $113k · 26% 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 +28.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• 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

Well-positioned rental property in Toledo, previously rented for $950/month. May be purchased individually or bundled with 1013 Clymena Street and 755 Dearborn for added investment value. No seller financing.

Key facts

• 4,900 sq ft lot
• Garage
• Built 1950

🏷️ Possibly a rental listed for sale. The $84,000 price doesn't fit this home's estimated sale value (~$113,073) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $84k.

Deal economics

• At list price, monthly cash flow is $271 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $84k).
• Recommended offer: $74k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 7.7% 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); 99 active listings in the ZIP; 32 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 $581 of loan paydown is wiped out by about $3k 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 $24k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 8y ago; this cycle's ask has dropped $6k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $73,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 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 1950 — 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: 1.30% ✓
• Cap rate: 10.16%
• Cash-on-cash: 13.83%
• DSCR: 1.62
• GRM: 6.4

CMA / ARV

• ARV (median comp): $113,073
• List price: $84,000
• Delta: -25.71%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1023 Hawk St	0.52mi	3/1.0	965 (-2%)	3mo	$152,000	$158	70
904 Annabelle Dr	0.57mi	3/1.0	972 (-1%)	2mo	$102,000	$105	70
1221 Eleanor Ave	0.23mi	3/1.0	1,098 (+12%)	1mo	$120,000	$109	69
4139 Walker Ave	0.32mi	2/1.0 (-1)	868 (-12%)	1mo	$73,000	$84	60
4048 Asbury Dr	0.47mi	3/1.0	1,091 (+11%)	1mo	$89,600	$82	59
706 W Gramercy Ave	0.70mi	2/1.0 (-1)	966 (-2%)	2mo	$99,000	$102	58
610 Dryden Dr	0.59mi	3/1.5	1,087 (+11%)	2mo	$71,500	$66	51
4406 Asbury Dr	0.46mi	4/2.0 (+1)	1,089 (+11%)	2mo	$115,000	$106	50
4352 Packard Rd	0.68mi	2/1.5 (-1)	926 (-6%)	2mo	$56,650	$61	50
520 Waggoner Blvd	0.73mi	2/1.0 (-1)	896 (-9%)	2mo	$110,000	$123	45
802 W Capistrano Ave	0.74mi	3/1.0	1,102 (+12%)	1mo	$150,000	$136	44
3917 Almeda Dr	0.71mi	2/1.0 (-1)	839 (-15%)	2mo	$103,000	$123	36

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: 7.4%
• Equity multiple: 1.30×
• Total profit: $7,074
• Equity at exit: $12,525

10-year hold

• IRR: 19.2%
• Equity multiple: 2.84×
• Total profit: $43,334
• Equity at exit: $7,263

Cash invested: $23,520 (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: 99
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,091 high
• Mortgage (P&I): −$441
• Tax from tax record: −$115 /mo · $1,384/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $271

Break-even live

Break-even rent $748

Max offer price $84,000

Occupancy floor 70%

Sensitivity live

Price	-10% $319	-5% $295	+0% $271	+5% $247	+10% $223
Rent	-10% $185	-5% $228	+0% $271	+5% $314	+10% $357
Rate	-1.0pp $313	-0.5pp $292	base $271	+0.5pp $249	+1.0pp $227

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: $21,000
• Closing costs: $2,520
• Reserves months: —
• Total cash needed: —

Rent comps 32 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	0.14mi
3915 Willys Pkwy Unit 3915 Toledo, OH	3.0	1.0	1080	$800	$0.74	22d	1	0.36mi
4406 Asbury Dr Toledo, OH	4.0	2.0	1089	$1,550	$1.42	15d	1	0.48mi
4039 Vermaas Ave Toledo, OH	2.0	1.0	900	$900	$1.00	25d	1	0.51mi
1338 Crestwood Rd Toledo, OH	3.0	1.0	1000	$1,250	$1.25	15d	1	0.56mi
3901 Leybourn Ave Toledo, OH	3.0	1.0	840	$1,150	$1.37	25d	1	0.61mi
3615 Berkeley Dr Toledo, OH	3.0	1.0	1096	$1,400	$1.28	15d	1	0.61mi
4220 Caroline Ave Toledo, OH	3.0	1.0	944	$1,095	$1.16	45d	1	0.64mi
3950 Woodhaven Dr Toledo, OH	2.0	1.0	1072	$745	$0.69	25d	1	0.66mi
3541 Willys Pkwy Toledo, OH	3.0	1.0	1113	$1,400	$1.26	45d	1	0.68mi
3817 Burton Ave Toledo, OH	3.0	1.0	754	$1,015	$1.35	22d	1	0.70mi
1489 Berdan Ave Toledo, OH	3.0	1.0	1068	$1,250	$1.17	45d	1	0.70mi
4412 Packard Rd Toledo, OH	2.0	1.0	672	$900	$1.34	15d	1	0.70mi
4435 Jackman Rd Toledo, OH	1.0–2.0	1.0	725	$922	$1.27	15d	3	0.85mi
823 Custer Dr Unit Upstairs Toledo, OH	2.0	1.0	700	$925	$1.32	15d	1	0.92mi
244 Sunset Blvd Toledo, OH	2.0	1.0	726	$1,045	$1.44	22d	1	1.01mi
1732 Talbot St Toledo, OH	2.0	1.0	840	$995	$1.18	25d	1	1.02mi
1705 Marlow Rd Toledo, OH	2.0	1.0	738	$1,000	$1.36	25d	1	1.10mi
1846 Loxley Rd Toledo, OH	2.0	1.0	876	$900	$1.03	45d	1	1.17mi
3683 Upton Ave Toledo, OH	3.0	1.0	1119	$1,100	$0.98	45d	1	1.19mi
5207 Bennett Rd Toledo, OH	2.0	2.0	1109	$1,200	$1.08	15d	1	1.25mi
2027 Berkshire Pl Toledo, OH	2.0	1.0	600	$845	$1.41	25d	1	1.26mi
927 W Northgate Pkwy Toledo, OH	2.0	1.0	896	$1,100	$1.23	15d	1	1.27mi
1951 Loxley Rd Toledo, OH	2.0	1.0	804	$975	$1.21	25d	1	1.29mi
1733 Christian Ave Unit 5 Toledo, OH	2.0	1.0	839	$700	$0.83	45d	1	1.31mi
1801 Christian Ave Toledo, OH	1.0–2.0	1.0	750	$939	$1.25	15d	1	1.35mi
1718 Giant St Toledo, OH	3.0	1.0	1080	$1,395	$1.29	15d	1	1.37mi
5317 Jackman Rd Unit 4 Toledo, OH	2.0	1.0	625	$655	$1.05	25d	1	1.42mi
1804 Bigelow St Toledo, OH	3.0	1.0	995	$937	$0.94	45d	1	1.47mi
1838 Giant St Toledo, OH	3.0	1.0	962	$1,200	$1.25	15d	1	1.47mi
2244 W Sylvania Ave Unit 6 Toledo, OH	2.0	1.0	800	$795	$0.99	45d	1	1.48mi
1732 Newport Ave Toledo, OH	3.0	1.0	896	$1,350	$1.51	25d	1	1.49mi

Listing history 45 events

1. 2026-06-21
   days on market $84,000 Active 146 DOM
2. 2026-06-18
   days on market $84,000 Active 143 DOM
3. 2026-06-17
   days on market $84,000 Active 142 DOM
4. 2026-06-16
   pricedays on market $84,000 Active 141 DOM
5. 2026-06-15
   days on market $90,000 Active 140 DOM
6. 2026-06-14
   days on market $90,000 Active 138 DOM
7. 2026-06-10
   days on market $90,000 Active 135 DOM
8. 2026-06-09
   days on market $90,000 Active 134 DOM
9. 2026-06-08
   days on market $90,000 Active 133 DOM
10. 2026-06-07
    days on market $90,000 Active 132 DOM
11. 2026-06-05
    days on market $90,000 Active 129 DOM
12. 2026-06-03
    days on market $90,000 Active 128 DOM
13. 2026-06-02
    days on market $90,000 Active 127 DOM
14. 2026-06-01
    days on market $90,000 Active 126 DOM
15. 2026-05-31
    days on market $90,000 Active 125 DOM
16. 2026-05-30
    days on market $90,000 Active 124 DOM
17. 2026-01-26
    listed $90,000 Active 208-char remark

    Show marketing remark (208 chars)

    Well-positioned rental property in Toledo, previously rented for $950/month. May be purchased individually or bundled with 1013 Clymena Street and 755 Dearborn for added investment value. No seller financing.

18. 2025-10-16
    status Active
19. 2025-10-14
    price $22,500
20. 2025-09-18
    status Pending
21. 2025-09-17
    historical
22. 2025-06-24
    listed $90,000 Active
23. 2024-12-31
    historical
24. 2024-12-17
    historical $1,000
25. 2024-11-27
    listed $1,000
26. 2024-11-17
    historical $1,000
27. 2024-10-22
    listed $1,000
28. 2024-07-31
    status Active
29. 2024-07-06
    historical Contingent
30. 2024-07-01
    price $89,900
31. 2024-07-01
    price $84,900
32. 2024-07-01
    listed $85,000 Active
33. 2024-06-30
    historical
34. 2024-04-06
    price $90,000
35. 2023-12-29
    listed $109,900 Active
36. 2022-10-03
    soldstatus $74,900
37. 2022-07-22
    historical
38. 2022-06-28
    price $64,000
39. 2022-05-19
    status Active
40. 2022-05-10
    historical Contingent
41. 2022-05-03
    listed $69,000 Active
42. 2018-11-27
    soldstatus $59,900
43. 2018-09-05
    soldstatus $22,500
44. 2018-03-05
    listed $39,900
45. 1995-04-18
    soldstatus $39,650

ⓘ 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: $1,384 · $115/mo
• Projected year-2 tax: $1,384 · $115/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 ≥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: $13,091
• − Mortgage interest: −$4,705
• − Property taxes: −$1,384
• − Insurance: −$420
• − Repairs & maintenance: −$1,047
• − Management: −$1,047
• − Depreciation: −$2,444
• Taxable income: $2,044
• Est. tax owed @ 24.0%: −$490
• After-tax cash flow: $2,761/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

+127.0% since first listed

29 events — show timeline

• 2026-01-26 Listed $90,000 NORIS
• 2025-10-16 Relisted — NORIS
• 2025-10-14 Price Changed $22,500 NORIS
• 2025-09-18 Pending — NORIS
• 2025-09-17 Listing Removed — NORIS
• 2025-06-24 Listed $90,000 NORIS
• 2024-12-31 Listing Removed — NORIS
• 2024-12-17 Rental Removed $1,000 RENTALBEAST
• 2024-11-27 Listed for Rent $1,000 RENTALBEAST
• 2024-11-17 Rental Removed $1,000 RENTALBEAST
• 2024-10-22 Listed for Rent $1,000 RENTALBEAST
• 2024-07-31 Relisted — NORIS
• 2024-07-06 Contingent — NORIS
• 2024-07-01 Price Changed $89,900 NORIS
• 2024-07-01 Price Changed $84,900 NORIS
• 2024-07-01 Listed $85,000 NORIS
• 2024-06-30 Listing Removed — NORIS
• 2024-04-06 Price Changed $90,000 NORIS
• 2023-12-29 Listed $109,900 NORIS
• 2022-10-03 Sold (Public Records) $74,900 Public Records
• 2022-07-22 Listing Removed — NORIS
• 2022-06-28 Price Changed $64,000 NORIS
• 2022-05-19 Relisted — NORIS
• 2022-05-10 Contingent — NORIS
• 2022-05-03 Listed $69,000 NORIS
• 2018-11-27 Sold (Public Records) $59,900 Public Records
• 2018-09-05 Sold (MLS) $22,500 NORIS
• 2018-03-05 Listed $39,900 NORIS
• 1995-04-18 Sold (Public Records) $39,650 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,384 · -6.1% YoY. Source: county tax records.