3030 Chase St · Toledo, OH 43611

$45,000

2 bd · 1.0 ba · 1,088 sqft · SingleFamily public records · 137 Days on market

Built 1897 5,998 sqft lot $41/sqft · 24% below area Est $59k · 24% 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
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

No wholesalers. No Seller financing. No low ball offers. This single-family home presents a strong opportunity for an investor looking for their next smart move. This ranch-style property offers excellent potential to become a cash-flowing rental with minimal effort. Featuring 2 bedrooms and 1 full bath, the home includes a spacious living room, an efficient kitchen plus an adjacent dining area, and a full basement providing ample storage or future utility space. Located in Toledo, near main roads, schools, shops, restaurants, parks and more, making it attractive for long-term tenants. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Make your next smart move today, schedule your showing now!

Key facts

• Efficient kitchen
• Adjacent dining area
• Full basement

Tags

• SPACIOUS LIVING ROOM
• EFFICIENT KITCHEN
• ADJACENT DINING AREA
• FULL BASEMENT
• AMPLE STORAGE

🏷️ Possibly a rental listed for sale. The $45,000 price doesn't fit this home's estimated sale value (~$58,986) 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 $45k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($890 rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.5% 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-, schools D-, crime 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.
• Market conditions: 64 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• This rent is only 17% of the median local income ($62k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $45k implies a 125% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1897 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $39,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 137 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 1897 — 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: 1.98% ✓
• Cap rate: 16.55%
• Cash-on-cash: 36.62%
• DSCR: 2.63
• GRM: 4.2

CMA / ARV

• ARV (median comp): $58,986
• List price: $45,000
• Delta: -23.71%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2622 N Ontario St	0.38mi	2/1.0	1,126 (+4%)	20mo	$65,000	$58	60
3620 Terrace Dr	0.70mi	3/1.0 (+1)	1,117 (+3%)	1mo	$112,000	$100	57
3527 N Erie St	0.53mi	3/1.0 (+1)	1,175 (+8%)	4mo	$55,000	$47	54
3633 Dixie Dr	0.74mi	3/1.0 (+1)	1,107 (+2%)	12mo	$85,800	$78	48
417 Cincinnati St	0.71mi	3/1.0 (+1)	1,130 (+4%)	11mo	$61,330	$54	47
3511 N Erie St	0.50mi	3/1.0 (+1)	925 (-15%)	6mo	$105,000	$114	42
3522 Wallace Blvd	0.59mi	3/1.0 (+1)	940 (-14%)	11mo	$29,000	$31	35
3628 Terrace Dr	0.72mi	3/1.0 (+1)	925 (-15%)	6mo	$82,500	$89	31
3623 Terrace Dr	0.71mi	3/1.0 (+1)	925 (-15%)	12mo	$75,500	$82	26

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: 32.5%
• Equity multiple: 2.37×
• Total profit: $17,215
• Equity at exit: $6,710

10-year hold

• IRR: 39.5%
• Equity multiple: 4.70×
• Total profit: $46,597
• Equity at exit: $3,891

Cash invested: $12,600 (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 43611

• Home prices YoY: -24.4%
• Active inventory: 64
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $890 high
• Mortgage (P&I): −$236
• Tax from tax record: −$64 /mo · $763/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $385

Break-even live

Break-even rent $403

Max offer price $45,000

Occupancy floor 52%

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2932 N Ontario St Toledo, OH	2.0	1.0	750	$750	$1.00	23d	1	0.12mi
413 Sandusky St Toledo, OH	2.0	1.0	900	$775	$0.86	23d	1	0.43mi
3563 E Manhattan Blvd Toledo, OH	1.0–2.0	1.0	707	$850	$1.20	13d	1	0.64mi
2023 N Erie St Toledo, OH	1.0	1.0	951	$685	$0.72	21d	1	0.91mi
1951 N Summit St Unit 2 Toledo, OH	2.0	1.0	835	$800	$0.96	43d	1	1.08mi
3405 Beaumont Dr Toledo, OH	2.0	1.0	855	$745	$0.87	13d	1	1.14mi
2453 Caledonia St Toledo, OH	2.0	1.0	1179	$810	$0.69	13d	1	1.16mi
3439 Jeannette Ave Toledo, OH	3.0	1.0	1098	$1,095	$1.00	43d	1	1.25mi
3474 Maher St Toledo, OH	2.0	1.0	736	$1,125	$1.53	43d	1	1.30mi
622 Whitlock Ave Toledo, OH	3.0	1.0	925	$1,195	$1.29	43d	1	1.39mi
830 Homer Ave Toledo, OH	3.0	1.0	1208	$895	$0.74	43d	1	1.49mi

Listing history 10 events

1. 2026-06-03
   statusdays on market $45,000 Pending 137 DOM
2. 2026-06-02
   days on market $45,000 Active 136 DOM
3. 2026-06-01
   days on market $45,000 Active 135 DOM
4. 2026-05-31
   days on market $45,000 Active 134 DOM
5. 2026-05-30
   days on market $45,000 Active 133 DOM
6. 2026-05-11
   status Active 827-char remark

   Show marketing remark (827 chars)

   No wholesalers. No Seller financing. No low ball offers. This single-family home presents a strong opportunity for an investor looking for their next smart move. This ranch-style property offers excellent potential to become a cash-flowing rental with minimal effort. Featuring 2 bedrooms and 1 full bath, the home includes a spacious living room, an efficient kitchen plus an adjacent dining area, and a full basement providing ample storage or future utility space. Located in Toledo, near main roads, schools, shops, restaurants, parks and more, making it attractive for long-term tenants. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Make your next smart move today, schedule your showing now!

7. 2026-04-29
   status Pending 827-char remark

   Show marketing remark (827 chars)

   No wholesalers. No Seller financing. No low ball offers. This single-family home presents a strong opportunity for an investor looking for their next smart move. This ranch-style property offers excellent potential to become a cash-flowing rental with minimal effort. Featuring 2 bedrooms and 1 full bath, the home includes a spacious living room, an efficient kitchen plus an adjacent dining area, and a full basement providing ample storage or future utility space. Located in Toledo, near main roads, schools, shops, restaurants, parks and more, making it attractive for long-term tenants. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Make your next smart move today, schedule your showing now!

8. 2026-03-17
   price $45,000 827-char remark

   Show marketing remark (827 chars)

   No wholesalers. No Seller financing. No low ball offers. This single-family home presents a strong opportunity for an investor looking for their next smart move. This ranch-style property offers excellent potential to become a cash-flowing rental with minimal effort. Featuring 2 bedrooms and 1 full bath, the home includes a spacious living room, an efficient kitchen plus an adjacent dining area, and a full basement providing ample storage or future utility space. Located in Toledo, near main roads, schools, shops, restaurants, parks and more, making it attractive for long-term tenants. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Make your next smart move today, schedule your showing now!

9. 2026-01-05
   listed $49,900 Active 827-char remark

   Show marketing remark (827 chars)

   No wholesalers. No Seller financing. No low ball offers. This single-family home presents a strong opportunity for an investor looking for their next smart move. This ranch-style property offers excellent potential to become a cash-flowing rental with minimal effort. Featuring 2 bedrooms and 1 full bath, the home includes a spacious living room, an efficient kitchen plus an adjacent dining area, and a full basement providing ample storage or future utility space. Located in Toledo, near main roads, schools, shops, restaurants, parks and more, making it attractive for long-term tenants. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Make your next smart move today, schedule your showing now!

10. 2011-05-04
    soldstatus $20,000

ⓘ 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: $763 · $64/mo
• Projected year-2 tax: $763 · $64/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 ≥100°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: $10,676
• − Mortgage interest: −$2,521
• − Property taxes: −$763
• − Insurance: −$225
• − Repairs & maintenance: −$854
• − Management: −$854
• − Depreciation: −$1,309
• Taxable income: $4,150
• Est. tax owed @ 24.0%: −$996
• After-tax cash flow: $3,618/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): 18,664
• Household income: $62,042
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 298.0

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: Predominantly White (77%)
• Race & ethnicity: White 77% Black 11% Hispanic / Latino 8% Two or more races 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 13% Lithuanian 5% Slovak 2%
• Foreign-born: 1% · 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: ▼ -79.15%
• Current HPI: 245.2841
• Rent YoY: —
• 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

+125.0% since first listed

5 events — show timeline

• 2026-05-11 Relisted — MLSNOW
• 2026-04-29 Pending — MLSNOW
• 2026-03-17 Price Changed $45,000 MLSNOW
• 2026-01-05 Listed $49,900 MLSNOW
• 2011-05-04 Sold (Public Records) $20,000 Public Records

Property tax history

+1.3%/yr

Latest (2025): $763 · +4.6% YoY. Source: county tax records.