213 Sandusky Street West St · Wharton, OH 43359

$70,000

3 bd · 1.0 ba · 1,732 sqft · SingleFamily public records · 68 Days on market

Built 1900 $40/sqft · 31% below area Est $101k · 31% under

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Why this score? — see what drove the A- 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
• Appreciation +6.8/10.0
• Schools +4.8/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Located in the quiet village of Wharton, this home offers an opportunity to add your own personal touches. Several important updates have already been completed, including a newer metal roof, windows, furnace, and hot water heater. The home also features the convenience of main floor laundry. With a solid starting point and room to make it your own, this property offers potential for both homeowners and investors. Enjoy small-town living while still being within easy reach of Carey, Upper Sandusky, and Findlay, with convenient access to nearby highways for commuting.

Key facts

• Convenient access
• Main floor laundry
• Newer metal roof

Tags

• NEWER METAL ROOF
• MAIN FLOOR LAUNDRY
• IMPORTANT UPDATES
• CONVENIENT ACCESS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $504 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#915 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: schools D+, crime D, amenities F.
• Riverdale Local (rural): math 52% / reading 61% proficiency, ranked #342 of 656 in OH (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 1 active listings in the ZIP; 20 units permitted in Wyandot County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($484 loan paydown + $2k appreciation (3.5% local appreciation)).
• Wyandot County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.5% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $70k implies a 100% 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 $65,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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 D 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: 1.72% ✓
• Cap rate: 14.93%
• Cash-on-cash: 30.86%
• DSCR: 2.37
• GRM: 4.8

CMA / ARV

• ARV (median comp): $101,251
• List price: $70,000
• Delta: -30.86%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
510 E Sandusky St	0.60mi	4/1.5 (+1)	1,864 (+8%)	12mo	$125,000	$67	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.51% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.5%
• Equity multiple: 3.17×
• Total profit: $42,438
• Equity at exit: $33,509

10-year hold

• IRR: 37.1%
• Equity multiple: 6.29×
• Total profit: $103,777
• Equity at exit: $53,281

Cash invested: $19,600 (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 43359

• Home prices YoY: 1.7%
• Active inventory: 1
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,204 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$51 /mo · $607/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $504

Break-even live

Break-even rent $566

Max offer price $70,000

Occupancy floor 53%

Sensitivity live

Price	-10% $544	-5% $524	+0% $504	+5% $484	+10% $464
Rent	-10% $409	-5% $456	+0% $504	+5% $552	+10% $599
Rate	-1.0pp $539	-0.5pp $522	base $504	+0.5pp $486	+1.0pp $467

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $70,000 Active 68 DOM
2. 2026-06-18
   days on market $70,000 Active 67 DOM
3. 2026-06-17
   days on market $70,000 Active 66 DOM
4. 2026-06-16
   days on market $70,000 Active 65 DOM
5. 2026-06-15
   days on market $70,000 Active 64 DOM
6. 2026-06-14
   days on market $70,000 Active 62 DOM
7. 2026-06-12
   days on market $70,000 Active 61 DOM
8. 2026-06-09
   days on market $70,000 Active 58 DOM
9. 2026-06-08
   days on market $70,000 Active 57 DOM
10. 2026-06-07
    days on market $70,000 Active 56 DOM
11. 2026-06-05
    days on market $70,000 Active 53 DOM
12. 2026-06-03
    days on market $70,000 Active 52 DOM
13. 2026-06-02
    days on market $70,000 Active 51 DOM
14. 2026-06-01
    days on market $70,000 Active 50 DOM
15. 2026-05-31
    days on market $70,000 Active 49 DOM
16. 2026-05-30
    days on market $70,000 Active 48 DOM
17. 2026-05-18
    price $70,000 573-char remark

    Show marketing remark (573 chars)

    Located in the quiet village of Wharton, this home offers an opportunity to add your own personal touches. Several important updates have already been completed, including a newer metal roof, windows, furnace, and hot water heater. The home also features the convenience of main floor laundry. With a solid starting point and room to make it your own, this property offers potential for both homeowners and investors. Enjoy small-town living while still being within easy reach of Carey, Upper Sandusky, and Findlay, with convenient access to nearby highways for commuting.

18. 2026-04-27
    status Active 573-char remark

    Show marketing remark (573 chars)

    Located in the quiet village of Wharton, this home offers an opportunity to add your own personal touches. Several important updates have already been completed, including a newer metal roof, windows, furnace, and hot water heater. The home also features the convenience of main floor laundry. With a solid starting point and room to make it your own, this property offers potential for both homeowners and investors. Enjoy small-town living while still being within easy reach of Carey, Upper Sandusky, and Findlay, with convenient access to nearby highways for commuting.

19. 2026-03-24
    status Pending 573-char remark

    Show marketing remark (573 chars)

    Located in the quiet village of Wharton, this home offers an opportunity to add your own personal touches. Several important updates have already been completed, including a newer metal roof, windows, furnace, and hot water heater. The home also features the convenience of main floor laundry. With a solid starting point and room to make it your own, this property offers potential for both homeowners and investors. Enjoy small-town living while still being within easy reach of Carey, Upper Sandusky, and Findlay, with convenient access to nearby highways for commuting.

20. 2026-03-09
    listed $75,000 Active 573-char remark

    Show marketing remark (573 chars)

    Located in the quiet village of Wharton, this home offers an opportunity to add your own personal touches. Several important updates have already been completed, including a newer metal roof, windows, furnace, and hot water heater. The home also features the convenience of main floor laundry. With a solid starting point and room to make it your own, this property offers potential for both homeowners and investors. Enjoy small-town living while still being within easy reach of Carey, Upper Sandusky, and Findlay, with convenient access to nearby highways for commuting.

21. 2000-08-30
    soldstatus $35,000

ⓘ 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: $607 · $51/mo
• Projected year-2 tax: $850 · $71/mo
• Expected delta: +$242/yr (+$20/mo · 39.9%)

ⓘ 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 · 0% 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: $14,443
• − Mortgage interest: −$3,921
• − Property taxes: −$607
• − Insurance: −$350
• − Repairs & maintenance: −$1,155
• − Management: −$1,155
• − Depreciation: −$2,036
• Taxable income: $5,217
• Est. tax owed @ 24.0%: −$1,252
• After-tax cash flow: $4,795/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: Riverdale Local
• NCES district ID: 3904751
• Math proficiency: 52% ▼ -15.00%
• Reading proficiency: 61% ▼ -10.00%
• Median HH income: $52,043
• Composite: 48.34/100
• National rank: #2146
• State rank: #342 of 656 in OH

Livability — Wharton

• Score: 61/100
• State rank: #915
• US rank: #17370

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wharton, OH
• County: Wyandot · 23,050 people
• Population (ZIP): 616
• Household income: $64,063
• Rent vs Own: 28.0% rent · 72.0% own
• Severe rent burden: 1.6

Population outlook (Wyandot County) Hauer SSP2

• Today (2025): 21,485 people
• By 2030: 20,883 · -2.8%
• By 2040: 19,425 · -9.6%
• By 2050: 17,815 · -17.1%
• By 2075: 14,208 · -33.9%
• By 2100: 10,744 · -50.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Slovak 4%
• Foreign-born: 0%
• Languages at home: 97% English-only · Spanish 2% German/W. Germanic 1%

Political lean MEDSL · Wyandot

• 2024 margin: Solid R (+51.2) · D 24.0% · R 75.2%
• 2008→2024 swing: -34.7pp toward R · 2008: -16.5pp · 2024: -51.2pp
• All cycles: 2024: R+51.2 2020: R+50.3 2016: R+46.8 2012: R+20.4 2008: R+16.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.51%
• Current HPI: 208.6188
• 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

+100.0% since first listed

5 events — show timeline

• 2026-05-18 Price Changed $70,000 MARMLS
• 2026-04-27 Relisted — MARMLS
• 2026-03-24 Pending — MARMLS
• 2026-03-09 Listed $75,000 MARMLS
• 2000-08-30 Sold (Public Records) $35,000 Public Records

Property tax history

+7.1%/yr

Latest (2025): $607 · +20.4% YoY. Source: county tax records.