334 N Locust St · Oak Harbor, OH 43449

$109,900

3 bd · 1.0 ba · 1,243 sqft · SingleFamily public records · 2 Days on market

Built 1920 0.25 ac lot Est $175k · 37% under

---

Why this score? — see what drove the C+ 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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• Schools +6.6/10.0
• 1% rule +5.2/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 Bedroom Oak Harbor home with the master and full bath both on the main floor. Large basement with laundry. There could be 3 bedrooms upstairs but they are currently set up as walk through rooms. Large eat in kitchen area. Huge living room too. Newer furnace, Basement wall repaired, New sewer line, and newer windows. Space heater in living room is for back up heating purposes only.

Key facts

• 0.25 acre lot
• Garage
• Built 1920

Property features AI

Finance

• Other: Located in the Benton-Carroll school district; Subdivision: In Jh Kraemers Add To/Vlg/O
• Financial info:
• HOA & community:

Exterior

• Parking: Detached paved garage with 1 garage space
• Security:
• Utilities: Public water; Public sewer
• Home design: Single-family residential property
• Construction: Vinyl siding
• Exterior features: Asphalt/fiberglass roof; Quarter-acre lot

Interior

• Kitchen:
• Bedrooms: Total of 7 rooms (bedroom count not specified)
• Flooring:
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric forced-air heating
• Interior features: Partially finished basement
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $149 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 7.9% vs local median 2.2% in Oak Harbor — 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 76/100 on livability (#211 in OH, #3,308 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: employment D, amenities F, commute F.
• Benton Carroll Salem Local (town): math 79% / reading 76% proficiency, ranked #74 of 656 in OH (top 11%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 42 active listings in the ZIP; 128 units permitted in Ottawa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $760 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Ottawa County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $71k; list at $110k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $109,900

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-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?
4. 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.
5. 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.
6. 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: 1.02% ✓
• Cap rate: 7.92%
• Cash-on-cash: 5.82%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $175,263
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
426 N Locust St	0.14mi	3/1.0	1,310 (+5%)	1mo	$185,000	$141	84
537 N Church St	0.33mi	3/1.0	1,211 (-3%)	4mo	$161,300	$133	77
224 W Ottawa St	0.35mi	3/1.0	1,250 (+1%)	11mo	$200,000	$160	74
240 N Locust St	0.15mi	3/1.5	1,372 (+10%)	4mo	$171,900	$125	71
128 N Benton St	0.53mi	3/1.0	1,228 (-1%)	13mo	$120,000	$98	63
382 E Main St	0.56mi	3/2.0	1,232 (-1%)	8mo	$172,000	$140	61
163 E Ottawa St	0.32mi	3/2.0	1,320 (+6%)	12mo	$210,000	$159	61
157 E Ottawa St	0.32mi	2/1.0 (-1)	1,104 (-11%)	2mo	$195,000	$177	60
516 N Church St	0.26mi	2/1.0 (-1)	1,408 (+13%)	5mo	$175,000	$124	56
328 E Water St	0.54mi	3/2.0	1,365 (+10%)	2mo	$180,000	$132	53
126 E Ottawa St	0.26mi	3/1.5	1,056 (-15%)	11mo	$150,000	$142	52
431 W Ottawa St	0.52mi	3/2.0	1,134 (-9%)	12mo	$177,000	$156	47

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: -7.3%
• Equity multiple: 0.73×
• Total profit: $-8,302
• Equity at exit: $16,386

10-year hold

• IRR: 2.3%
• Equity multiple: 1.16×
• Total profit: $5,014
• Equity at exit: $9,502

Cash invested: $30,772 (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 43449

• Home prices YoY: -29.3%
• Active inventory: 42
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,117 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$111 /mo · $1,332/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $149

Break-even live

Break-even rent $928

Max offer price $109,900

Occupancy floor 82%

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-18
   days on market $109,900 Active 2 DOM
2. 2026-06-17
   remarks 645-char remark
3. 2026-06-17
   listed $109,900 Active 1 DOM

ⓘ 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: $1,332 · $111/mo
• Projected year-2 tax: $1,523 · $127/mo
• Expected delta: +$191/yr (+$16/mo · 14.4%)

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

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 9% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°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: $13,403
• − Mortgage interest: −$6,156
• − Property taxes: −$1,332
• − Insurance: −$550
• − Repairs & maintenance: −$1,072
• − Management: −$1,072
• − Depreciation: −$3,197
• Taxable income: $24
• Est. tax owed @ 24.0%: −$6
• After-tax cash flow: $1,785/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: Benton Carroll Salem Local
• NCES district ID: 3904892
• Math proficiency: 79% ▼ -6.00%
• Reading proficiency: 76% ▼ -2.00%
• Median HH income: $55,133
• Composite: 66.1/100
• National rank: #438
• State rank: #74 of 656 in OH

Livability — Oak Harbor

• Score: 76/100
• State rank: #211
• US rank: #3308

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oak Harbor, OH
• County: Ottawa · 37,113 people
• Metro: Sandusky, OH
• Population (ZIP): 8,053
• Household income: $71,496
• Rent vs Own: 19.7% rent · 80.3% own
• Severe rent burden: 11.2

Population outlook (Ottawa County) Hauer SSP2

• Today (2025): 39,548 people
• By 2030: 38,297 · -3.2%
• By 2040: 35,070 · -11.3%
• By 2050: 31,956 · -19.2%
• By 2075: 27,454 · -30.6%
• By 2100: 23,596 · -40.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 5% Two or more races 2%
• Common ancestry: Romanian 3% Lithuanian 3% Italian 3%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Ottawa

• 2024 margin: Strong R (+25.1) · D 37.0% · R 62.1%
• 2008→2024 swing: -31.3pp toward R · 2008: 6.3pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+23.4 2016: R+19.6 2012: D+4.1 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.76%
• Current HPI: 192.8443
• 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

+158.6% since first listed

10 events — show timeline

• 2026-06-16 Listed $109,900 FAOR
• 2020-09-25 Sold (Public Records) $71,000 Public Records
• 2020-09-23 Sold (MLS) $71,000 FAOR
• 2020-09-22 Sold (MLS) $71,000 NORIS
• 2020-09-22 Sold (MLS) $71,000 MLSNOW
• 2020-06-12 Price Changed $71,000 NORIS
• 2020-04-03 Listed $70,000 NORIS
• 2020-04-03 Listed $70,000 MLSNOW
• 2020-01-13 Listed $70,000 FAOR
• 1988-11-23 Sold (Public Records) $42,500 Public Records

Property tax history

+3.3%/yr

Latest (2025): $1,332 · -0.7% YoY. Source: county tax records.