628 N 3rd St · Toronto, OH 43964

$64,000

2 bd · 1.0 ba · 992 sqft · SingleFamily public records · 83 Days on market

Built 1990 3,920 sqft lot $65/sqft · 30% below area Est $91k · 30% 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
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Schools +4.9/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

STOP RENTING AND START INVESTING! This home could be yours for a monthly mortgage of approx. $611 w/ some zero down loan programs! (Call your favorite agent). Welcome home to this inviting 2-bedroom residence featuring a spacious eat-in kitchen perfect for casual dining and gatherings. The living area showcases a gorgeous decorative fireplace that adds warmth and character to the space. Step outside to enjoy the covered patio, ideal for relaxing, entertaining, or enjoying the outdoors in any season. This cozy home offers comfort, charm, and great spaces to make your own. Conveniently located right in the heart of downtown Toronto where ample amenities are close by.

Key facts

• Decorative fireplace
• Covered patio
• Eat-in kitchen

Tags

• EAT-IN KITCHEN
• DECORATIVE FIREPLACE
• COVERED PATIO

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $64k.

Deal economics

• At list price, monthly cash flow is $219 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($872 rent vs $64k).
• Recommended offer: $60k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 66/100 on livability (#651 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F, employment D-.
• Toronto City (suburban): math 54% / reading 63% proficiency, ranked #333 of 656 in OH (top 51%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 35 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2 units permitted in Jefferson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $442 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Jefferson County population projected at -19% 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 $18k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $64k implies a 113% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,160 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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?
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 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: 1.36% ✓
• Cap rate: 11.44%
• Cash-on-cash: 18.37%
• DSCR: 1.82
• GRM: 6.1

CMA / ARV

• ARV (median comp): $91,115
• List price: $64,000
• Delta: -29.76%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 Belle Ave	0.68mi	2/1.0	1,008 (+2%)	15mo	$47,000	$47	53
202 Belle Ave	0.69mi	3/1.5 (+1)	944 (-5%)	7mo	$50,000	$53	47
1304 N River Ave	0.58mi	2/1.0	864 (-13%)	21mo	$105,000	$122	34

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: 5.2%
• Equity multiple: 1.20×
• Total profit: $3,593
• Equity at exit: $9,543

10-year hold

• IRR: 14.6%
• Equity multiple: 2.18×
• Total profit: $21,193
• Equity at exit: $5,534

Cash invested: $17,920 (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 43964

• Home prices YoY: -12.7%
• Active inventory: 35
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $872 medium
• Mortgage (P&I): −$336
• Tax from tax record: −$53 /mo · $632/yr
• Insurance: −$27
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$183
• Net cashflow: $219

Break-even live

Break-even rent $596

Max offer price $64,000

Occupancy floor 70%

Sensitivity live

Price	-10% $255	-5% $237	+0% $219	+5% $201	+10% $183
Rent	-10% $150	-5% $184	+0% $219	+5% $253	+10% $288
Rate	-1.0pp $251	-0.5pp $235	base $219	+0.5pp $202	+1.0pp $185

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: $16,000
• Closing costs: $1,920
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1104 N 4th St Toronto, OH	1.0–3.0	1.0–2.0	900	$872	$0.97	2d	1	0.36mi

Listing history 14 events

1. 2026-06-05
   statusdays on market $64,000 Pending 83 DOM
2. 2026-06-04
   days on market $64,000 Active 82 DOM
3. 2026-06-02
   remarks 699-char remark
4. 2026-06-02
   pricedays on market $64,000 Active 81 DOM
5. 2026-06-01
   days on market $65,000 Active 80 DOM
6. 2026-05-31
   days on market $65,000 Active 79 DOM
7. 2026-05-05
   price $65,000 675-char remark

   Show marketing remark (675 chars)

   STOP RENTING AND START INVESTING! This home could be yours for a monthly mortgage of approx. $611 w/ some zero down loan programs! (Call your favorite agent). Welcome home to this inviting 2-bedroom residence featuring a spacious eat-in kitchen perfect for casual dining and gatherings. The living area showcases a gorgeous decorative fireplace that adds warmth and character to the space. Step outside to enjoy the covered patio, ideal for relaxing, entertaining, or enjoying the outdoors in any season. This cozy home offers comfort, charm, and great spaces to make your own. Conveniently located right in the heart of downtown Toronto where ample amenities are close by.

8. 2026-04-17
   price $69,900 675-char remark

   Show marketing remark (675 chars)

   STOP RENTING AND START INVESTING! This home could be yours for a monthly mortgage of approx. $611 w/ some zero down loan programs! (Call your favorite agent). Welcome home to this inviting 2-bedroom residence featuring a spacious eat-in kitchen perfect for casual dining and gatherings. The living area showcases a gorgeous decorative fireplace that adds warmth and character to the space. Step outside to enjoy the covered patio, ideal for relaxing, entertaining, or enjoying the outdoors in any season. This cozy home offers comfort, charm, and great spaces to make your own. Conveniently located right in the heart of downtown Toronto where ample amenities are close by.

9. 2026-04-06
   status Active 675-char remark

   Show marketing remark (675 chars)

   STOP RENTING AND START INVESTING! This home could be yours for a monthly mortgage of approx. $611 w/ some zero down loan programs! (Call your favorite agent). Welcome home to this inviting 2-bedroom residence featuring a spacious eat-in kitchen perfect for casual dining and gatherings. The living area showcases a gorgeous decorative fireplace that adds warmth and character to the space. Step outside to enjoy the covered patio, ideal for relaxing, entertaining, or enjoying the outdoors in any season. This cozy home offers comfort, charm, and great spaces to make your own. Conveniently located right in the heart of downtown Toronto where ample amenities are close by.

10. 2026-04-06
    price $75,000 675-char remark

    Show marketing remark (675 chars)

    STOP RENTING AND START INVESTING! This home could be yours for a monthly mortgage of approx. $611 w/ some zero down loan programs! (Call your favorite agent). Welcome home to this inviting 2-bedroom residence featuring a spacious eat-in kitchen perfect for casual dining and gatherings. The living area showcases a gorgeous decorative fireplace that adds warmth and character to the space. Step outside to enjoy the covered patio, ideal for relaxing, entertaining, or enjoying the outdoors in any season. This cozy home offers comfort, charm, and great spaces to make your own. Conveniently located right in the heart of downtown Toronto where ample amenities are close by.

11. 2026-03-17
    historical Contingent 675-char remark

    Show marketing remark (675 chars)

    STOP RENTING AND START INVESTING! This home could be yours for a monthly mortgage of approx. $611 w/ some zero down loan programs! (Call your favorite agent). Welcome home to this inviting 2-bedroom residence featuring a spacious eat-in kitchen perfect for casual dining and gatherings. The living area showcases a gorgeous decorative fireplace that adds warmth and character to the space. Step outside to enjoy the covered patio, ideal for relaxing, entertaining, or enjoying the outdoors in any season. This cozy home offers comfort, charm, and great spaces to make your own. Conveniently located right in the heart of downtown Toronto where ample amenities are close by.

12. 2026-03-11
    listed $79,000 Active 675-char remark

    Show marketing remark (675 chars)

    STOP RENTING AND START INVESTING! This home could be yours for a monthly mortgage of approx. $611 w/ some zero down loan programs! (Call your favorite agent). Welcome home to this inviting 2-bedroom residence featuring a spacious eat-in kitchen perfect for casual dining and gatherings. The living area showcases a gorgeous decorative fireplace that adds warmth and character to the space. Step outside to enjoy the covered patio, ideal for relaxing, entertaining, or enjoying the outdoors in any season. This cozy home offers comfort, charm, and great spaces to make your own. Conveniently located right in the heart of downtown Toronto where ample amenities are close by.

13. 2018-03-01
    soldstatus $30,000
14. 1994-05-23
    soldstatus $24,000

ⓘ 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: $632 · $53/mo
• Projected year-2 tax: $815 · $68/mo
• Expected delta: +$183/yr (+$15/mo · 29.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 8 d/yr ≥97°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,470
• − Mortgage interest: −$3,585
• − Property taxes: −$632
• − Insurance: −$986
• − Repairs & maintenance: −$838
• − Management: −$838
• − Depreciation: −$1,862
• Taxable income: $1,729
• Est. tax owed @ 24.0%: −$415
• After-tax cash flow: $2,210/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: Toronto City
• NCES district ID: 3904491
• Math proficiency: 54% ▼ -7.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $39,139
• Composite: 48.76/100
• National rank: #2094
• State rank: #333 of 656 in OH

Livability — Toronto

• Score: 66/100
• State rank: #651
• US rank: #11555

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Toronto, OH
• County: Jefferson · 64,369 people
• Metro: Weirton-Steubenville, WV-OH
• Population (ZIP): 9,061
• Household income: $53,321
• Rent vs Own: 20.0% rent · 80.0% own
• Severe rent burden: 5.7

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 63,481 people
• By 2030: 61,067 · -3.8%
• By 2040: 55,860 · -12.0%
• By 2050: 51,236 · -19.3%
• By 2075: 41,804 · -34.1%
• By 2100: 32,344 · -49.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Black 1%
• Common ancestry: Romanian 4% Serbian 3% Slovak 1%
• Foreign-born: 1% · China

Political lean MEDSL · Jefferson

• 2024 margin: Solid R (+43.9) · D 27.5% · R 71.4% · Other 1.1%
• 2008→2024 swing: -44.1pp toward R · 2008: 0.2pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+38.4 2016: R+35.7 2012: R+5.5 2008: D+0.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.09%
• Current HPI: 178.6704
• 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

+170.8% since first listed

8 events — show timeline

• 2026-05-05 Price Changed $65,000 MLSNOW
• 2026-04-17 Price Changed $69,900 MLSNOW
• 2026-04-06 Relisted — MLSNOW
• 2026-04-06 Price Changed $75,000 MLSNOW
• 2026-03-17 Contingent — MLSNOW
• 2026-03-11 Listed $79,000 MLSNOW
• 2018-03-01 Sold (Public Records) $30,000 Public Records
• 1994-05-23 Sold (Public Records) $24,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $632 · +14.1% YoY. Source: county tax records.