3141 Schneider Rd · Toledo, OH 43614

$79,000

3 bd · 1.0 ba · 1,510 sqft · SingleFamily public records · 34 Days on market

Built 1929 4,800 sqft lot $52/sqft · 57% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.5/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2-bedroom home located in a desirable neighborhood close to schools and parks! This property offers additional living space with a fully finished attic that can be used as a third bedroom, bonus room, or easily converted back into a traditional 3-bedroom layout with minimal modifications. The home needs some cosmetic updates but has great potential for a homeowner or investor alike. Don't miss this opportunity—Minimum Bid Auction of just $79,000 on May 11th at 4 PM. Preview and registration will begin at 3 PM.

Key facts

• Close to parks
• Close to schools
• Fully finished attic

Tags

• FULLY FINISHED ATTIC
• CLOSE TO SCHOOLS
• CLOSE TO PARKS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $615 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $79k).
• Recommended offer: $77k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.6% 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: Rents rising fast (+8.0%/yr); 71 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• This rent runs 33% of the median local income ($59k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 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 + 8.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($77k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $76,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1929 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.04% ✓
• Cap rate: 15.64%
• Cash-on-cash: 33.38%
• DSCR: 2.49
• GRM: 4.1

CMA / ARV

• ARV (median comp): $184,153
• List price: $79,000
• Delta: -57.10%
• 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
1654 Charmaine Dr	0.05mi	3/2.0	1,453 (-4%)	2mo	$195,553	$135	86
3278 Ravenwood Blvd	0.28mi	3/1.0	1,444 (-4%)	1mo	$189,900	$132	79
3438 Ravenwood Blvd	0.45mi	3/1.0	1,592 (+5%)	1mo	$190,000	$119	69
3340 Muirfield Ave	0.26mi	3/2.0	1,633 (+8%)	6mo	$224,900	$138	66
3250 Heatherdowns Blvd	0.28mi	2/1.0 (-1)	1,365 (-10%)	3mo	$198,900	$146	64
1931 Cherrylawn Dr	0.60mi	3/1.5	1,562 (+3%)	3mo	$260,000	$166	62
1809 Strathmoor Ave	0.38mi	3/1.5	1,638 (+8%)	6mo	$190,000	$116	61
3431 Cragmoor Ave	0.39mi	3/2.0	1,710 (+13%)	1mo	$220,000	$129	55
1351 Bensch Dr	0.51mi	3/1.5	1,657 (+10%)	4mo	$194,000	$117	54
1537 Wilmore Dr	0.67mi	3/1.0	1,682 (+11%)	6mo	$135,000	$80	45
3510 Claudia Dr	0.67mi	3/2.0	1,711 (+13%)	3mo	$230,000	$134	40
1919 Colony Dr	0.74mi	3/2.0	1,710 (+13%)	5mo	$211,000	$123	35

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 34.7%
• Equity multiple: 2.58×
• Total profit: $34,994
• Equity at exit: $11,779

10-year hold

• IRR: 44.4%
• Equity multiple: 6.43×
• Total profit: $120,078
• Equity at exit: $6,830

Cash invested: $22,120 (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 43614

• Home prices YoY: -22.4%
• Rents YoY: 8.0%
• Active inventory: 71
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,612 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$211 /mo · $2,531/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $615

Break-even live

Break-even rent $833

Max offer price $79,000

Occupancy floor 57%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3042 Cragmoor Ave Toledo, OH	3.0	1.0	1250	$1,800	$1.44	44d	1	0.15mi
1255 S Byrne Rd Toledo, OH	1.0–3.0	1.0–2.0	1080	$1,529	$1.42	14d	1	0.71mi
1510 Watova Rd Toledo, OH	3.0	1.0	1197	$1,495	$1.25	21d	1	0.95mi
3025 S Byrne Rd Unit 1 Toledo, OH	3.0	1.0	1064	$1,095	$1.03	21d	1	1.02mi

Listing history 2 events

1. 2026-05-12
   status Pending 530-char remark

   Show marketing remark (530 chars)

   Charming 2-bedroom home located in a desirable neighborhood close to schools and parks! This property offers additional living space with a fully finished attic that can be used as a third bedroom, bonus room, or easily converted back into a traditional 3-bedroom layout with minimal modifications. The home needs some cosmetic updates but has great potential for a homeowner or investor alike. Don't miss this opportunity—Minimum Bid Auction of just $79,000 on May 11th at 4 PM. Preview and registration will begin at 3 PM.

2. 2026-04-06
   listed $79,000 Active 530-char remark

   Show marketing remark (530 chars)

   Charming 2-bedroom home located in a desirable neighborhood close to schools and parks! This property offers additional living space with a fully finished attic that can be used as a third bedroom, bonus room, or easily converted back into a traditional 3-bedroom layout with minimal modifications. The home needs some cosmetic updates but has great potential for a homeowner or investor alike. Don't miss this opportunity—Minimum Bid Auction of just $79,000 on May 11th at 4 PM. Preview and registration will begin at 3 PM.

ⓘ 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: $2,531 · $211/mo
• Projected year-2 tax: $2,531 · $211/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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,342
• − Mortgage interest: −$4,425
• − Property taxes: −$2,531
• − Insurance: −$395
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − Depreciation: −$2,298
• Taxable income: $6,598
• Est. tax owed @ 24.0%: −$1,583
• After-tax cash flow: $5,799/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): 29,075
• Household income: $58,961
• Rent vs Own: 40.7% rent · 59.3% own
• Severe rent burden: 1407.0

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 (67%)
• Race & ethnicity: White 67% Black 21% Hispanic / Latino 7% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Romanian 8% Italian 5% Lithuanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Other Indo-European 1% Spanish 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: ▼ -61.96%
• Current HPI: 214.7031
• Rent YoY: ▲ 8.03%
• 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

2 events — show timeline

• 2026-05-12 Pending — NORIS
• 2026-04-06 Listed $79,000 NORIS

Property tax history

+4.5%/yr

Latest (2025): $2,531 · -1.2% YoY. Source: county tax records.