1682 Edwards Ave · Springfield, OH 45503

$79,900

3 bd · 1.5 ba · 1,720 sqft · SingleFamily public records · 247 Days on market

Built 1900 Fair condition 5,662 sqft lot $46/sqft · 43% below area Est $141k · 43% 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 +2.8/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to your next home. This charming two-story residence offers 4 bedrooms and 1.5 baths, combining comfort and functionality throughout. Major updates include a new HVAC system in 2023 and a water heater 2021, providing peace of mind for years to come. The main level features a convenient first-floor bedroom, bathroom, and utility rooms, ideal for flexible living arrangements. Decorative fireplace never used. An oversized kitchen flows seamlessly into the dining area, creating the perfect space for everyday living and entertaining. Upstairs, the primary bedroom includes access to the half bath. Enjoy outdoor living with a welcoming front porch, a back patio with pergola, and a fully fenced yard complete with a storage shed. This home offers space, updates, and outdoor charm, all ready for its next owner.

Key facts

• First-floor bedroom
• Decorative fireplace
• Water heater

Tags

• NEW HVAC SYSTEM
• WATER HEATER
• FIRST-FLOOR BEDROOM
• DECORATIVE FIREPLACE
• OVERSIZED KITCHEN
• BACK PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $80k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 4.4% in Springfield — 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 56/100 on livability (#1,108 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Springfield City School District (urban): math 20% / reading 27% proficiency, ranked #616 of 656 in OH (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Warder Park-Wayne Elementary School (math 13% / reading 22%, grade F, #1,328 of 1,584 statewide, top 84%, 407 students, 0% FRL); Schaefer Middle School (math 20% / reading 27%, grade F, #597 of 654 statewide, top 92%, 268 students, 0% FRL); Springfield High School (math 17% / reading 31%, grade F, #665 of 781 statewide, top 85%, 1,516 students, 0% FRL) — zoned schools average 0% FRL vs 75% district-wide (75 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 278 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 98d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Clark 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 $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 247 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 16y ago; this cycle's ask has dropped $46k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $32k; list at $80k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 247 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.60% ✓
• Cap rate: 11.53%
• Cash-on-cash: 18.69%
• DSCR: 1.83
• GRM: 5.2

CMA / ARV

• ARV (median comp): $141,076
• List price: $79,900
• Delta: -36.20%
• 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
1823 Edwards Ave	0.17mi	3/2.0	1,648 (-4%)	4mo	$153,000	$93	80
1634 Edwards Ave	0.07mi	3/2.0	1,903 (+11%)	6mo	$126,400	$66	72
1570 Warder St	0.54mi	3/2.0	1,766 (+3%)	14mo	$12,500	$7	57
1661 Prospect St	0.43mi	3/2.0	1,548 (-10%)	6mo	$185,000	$120	56
1134 Cedarview Dr	0.66mi	3/1.0	1,697 (-1%)	14mo	$149,400	$88	54
2256 Hillside Ave	0.52mi	3/2.0	1,573 (-8%)	10mo	$50,000	$32	51
1606 Highland Ave	0.60mi	4/2.0 (+1)	1,609 (-6%)	4mo	$31,500	$20	51
2201 Woodside Ave	0.46mi	2/1.5 (-1)	1,920 (+12%)	4mo	$130,000	$68	51
1624 Highland Ave	0.60mi	3/2.0	1,536 (-11%)	10mo	$122,000	$79	44
1103 N Burnett Rd	0.71mi	3/1.5	1,608 (-6%)	14mo	$135,000	$84	44
2431 Hillside Ave	0.67mi	3/1.5	1,564 (-9%)	16mo	$189,900	$121	40
2431 Hillside Ave	0.67mi	3/1.5	1,564 (-9%)	16mo	$189,900	$121	40

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: 10.5%
• Equity multiple: 1.42×
• Total profit: $9,333
• Equity at exit: $11,913

10-year hold

• IRR: 19.7%
• Equity multiple: 2.66×
• Total profit: $37,059
• Equity at exit: $6,908

Cash invested: $22,372 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 16 active · 19 under contract
• Months of supply: 4.6 mo (22%/mo absorbed)
• Median asking: $134,450 ($95/sqft)
• Median days on market: 21 d
• This list price: 6% of active listings are priced below it
• ARV vs active asking: -13.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 45503

• Active inventory: 278
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,281 high
• Mortgage (P&I): −$419
• Tax from tax record: −$211 /mo · $2,535/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $348

Break-even live

Break-even rent $840

Max offer price $79,900

Occupancy floor 68%

Sensitivity live

Price	-10% $394	-5% $371	+0% $348	+5% $326	+10% $303
Rent	-10% $247	-5% $298	+0% $348	+5% $399	+10% $450
Rate	-1.0pp $389	-0.5pp $369	base $348	+0.5pp $328	+1.0pp $307

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: $19,975
• Closing costs: $2,397
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 N Belmont Ave Unit 1 Springfield, OH	2.0	1.0	1052	$1,050	$1.00	97d	1	0.59mi
360 Buxton Ave Springfield, OH	3.0	1.0	1160	$1,200	$1.03	62d	1	1.21mi
1216 N Limestone St Springfield, OH	4.0	2.0	1435	$1,300	$0.91	62d	1	1.25mi
1218 N Limestone St Springfield, OH	3.0	1.0	1914	$1,100	$0.57	62d	1	1.25mi
401 Section St Springfield, OH	4.0	2.0	1612	$1,850	$1.15	107d	1	1.27mi
830 Oak St Unit 830 Springfield, OH	4.0	1.5	1400	$1,250	$0.89	110d	1	1.48mi

Listing history 50 events

1. 2026-09-24
   days on market $79,900 Active 247 DOM
2. 2026-09-23
   days on market $79,900 Active 246 DOM
3. 2026-09-20
   days on market $79,900 Active 243 DOM
4. 2026-09-18
   pricedays on market $79,900 Active 241 DOM
5. 2026-09-17
   days on market $90,000 Active 240 DOM
6. 2026-09-16
   days on market $90,000 Active 239 DOM
7. 2026-09-15
   days on market $90,000 Active 238 DOM
8. 2026-09-14
   days on market $90,000 Active 237 DOM
9. 2026-09-13
   days on market $90,000 Active 236 DOM
10. 2026-09-12
    days on market $90,000 Active 235 DOM
11. 2026-09-11
    days on market $90,000 Active 234 DOM
12. 2026-09-05
    days on market $90,000 Active 228 DOM
13. 2026-09-04
    days on market $90,000 Active 227 DOM
14. 2026-09-03
    days on market $90,000 Active 226 DOM
15. 2026-09-02
    days on market $90,000 Active 225 DOM
16. 2026-08-30
    days on market $90,000 Active 222 DOM
17. 2026-08-29
    days on market $90,000 Active 221 DOM
18. 2026-08-28
    days on market $90,000 Active 220 DOM
19. 2026-08-27
    days on market $90,000 Active 219 DOM
20. 2026-08-26
    days on market $90,000 Active 218 DOM
21. 2026-08-25
    days on market $90,000 Active 217 DOM
22. 2026-08-24
    days on market $90,000 Active 216 DOM
23. 2026-08-23
    days on market $90,000 Active 215 DOM
24. 2026-08-22
    days on market $90,000 Active 214 DOM
25. 2026-08-21
    days on market $90,000 Active 213 DOM
26. 2026-08-20
    days on market $90,000 Active 212 DOM
27. 2026-08-19
    days on market $90,000 Active 211 DOM
28. 2026-08-18
    days on market $90,000 Active 210 DOM
29. 2026-08-17
    days on market $90,000 Active 209 DOM
30. 2026-08-16
    days on market $90,000 Active 208 DOM
31. 2026-08-15
    days on market $90,000 Active 207 DOM
32. 2026-08-14
    days on market $90,000 Active 206 DOM
33. 2026-08-13
    days on market $90,000 Active 205 DOM
34. 2026-08-12
    days on market $90,000 Active 204 DOM
35. 2026-08-11
    days on market $90,000 Active 203 DOM
36. 2026-08-10
    days on market $90,000 Active 202 DOM
37. 2026-08-09
    days on market $90,000 Active 201 DOM
38. 2026-08-08
    days on market $90,000 Active 200 DOM
39. 2026-08-07
    days on market $90,000 Active 199 DOM
40. 2026-08-06
    days on market $90,000 Active 198 DOM
41. 2026-08-05
    days on market $90,000 Active 197 DOM
42. 2026-08-04
    days on market $90,000 Active 196 DOM
43. 2026-08-03
    days on market $90,000 Active 195 DOM
44. 2026-07-31
    days on market $90,000 Active 192 DOM
45. 2026-07-30
    days on market $90,000 Active 191 DOM
46. 2026-07-29
    days on market $90,000 Active 190 DOM
47. 2026-07-27
    days on market $90,000 Active 188 DOM
48. 2026-07-25
    pricedays on market $90,000 Active 186 DOM
49. 2026-07-24
    days on market $95,000 Active 185 DOM
50. 2026-07-23
    days on market $95,000 Active 184 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: $2,535 · $211/mo
• Projected year-2 tax: $2,535 · $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 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,372
• − Mortgage interest: −$4,476
• − Property taxes: −$2,535
• − Insurance: −$400
• − Repairs & maintenance: −$1,230
• − Management: −$1,230
• − Depreciation: −$2,324
• Taxable income: $3,178
• Est. tax owed @ 24.0%: −$763
• After-tax cash flow: $3,419/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $43,000–$77,400 screening

This two-story home requires moderate repairs and maintenance, including a new roof and exterior paint, to improve its condition and value.

Deferred maintenance Est. $50,000–$150,000 screening

• Major Roof (roof) — The roof appears to be in poor condition with visible damage and missing shingles.
• Major Windows (windows) — The windows appear to be old and possibly not functioning properly.
• Major Electrical (electrical) — The electrical panel appears to be outdated and may need replacement.
• Major Plumbing (plumbing) — The plumbing fixtures appear to be old and may need replacement.
• Major Exterior (exterior) — The exterior of the house appears to be in poor condition with visible damage and missing siding.

Repairs flagged

• Major roof — visible wear on roof tiles
• Moderate exterior siding — weathered siding
• Minor interior walls — paint peeling in some areas

Value-add opportunities

• Both new roof — major safety and aesthetic improvement ↑
• Both exterior paint — enhances curb appeal ↑
• Both new flooring — improves living spaces and resale value ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 22/100

Zoned Schools

Elementary Warder Park-Wayne Elementary School F OH #1,328/1,584 Nat'l #34,936/41,679 Middle Schaefer Middle School F OH #597/654 Nat'l #10,902/14,009 High Springfield High School F OH #665/781 Nat'l #13,437/17,239

Schools (NCES district)

• District: Springfield City School District
• NCES district ID: 3904481
• Math proficiency: 20% ▼ -16.00%
• Reading proficiency: 27% ▼ -12.00%
• Median HH income: $32,541
• Composite: 19.12/100
• National rank: #8834
• State rank: #616 of 656 in OH

D Composite livability gradescore 56/100

Livability — Springfield

• Score: 56/100
• State rank: #1108
• US rank: #22551

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, OH
• County: Clark · 130,703 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 32,673
• Household income: $54,561
• Rent vs Own: 40.1% rent · 59.9% own
• Severe rent burden: 5% of renters

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Population outlook (Clark County) Hauer SSP2

• Today (2025): 130,703 people
• By 2030: 126,952 · -2.9%
• By 2040: 118,344 · -9.5%
• By 2050: 109,590 · -16.2%
• By 2075: 89,464 · -31.6%
• By 2100: 68,810 · -47.4%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 9% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Italian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1% Spanish 1%

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Political lean MEDSL · Clark

• 2024 margin: Strong R (+29.5) · D 34.8% · R 64.3%
• 2008→2024 swing: -27.0pp toward R · 2008: -2.5pp · 2024: -29.5pp
• All cycles: 2024: R+29.5 2020: R+23.3 2016: R+19.5 2012: R+1.8 2008: R+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.92%
• Current HPI: 257.5694
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

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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

+433.3% since first listed

26 events — show timeline

• 2026-05-14 Price Changed $120,000 CBRMLS
• 2026-05-14 Price Changed $120,000 Dayton MLS
• 2026-05-14 Price Changed $120,000 WRIST
• 2026-05-06 Relisted — CBRMLS
• 2026-05-06 Relisted — Dayton MLS
• 2026-05-06 Relisted — WRIST
• 2026-04-16 Contingent — CBRMLS
• 2026-04-15 Contingent — Dayton MLS
• 2026-04-15 Contingent — WRIST
• 2026-02-24 Price Changed $124,000 WRIST
• 2026-02-24 Price Changed $124,000 CBRMLS
• 2026-02-24 Price Changed $124,000 Dayton MLS
• 2026-01-20 Listed $125,900 WRIST
• 2026-01-20 Listed $125,900 Dayton MLS
• 2026-01-20 Listed $125,900 CBRMLS
• 2016-11-04 Listing Removed — WRIST
• 2016-08-04 Sold (MLS) $32,000 Dayton MLS
• 2016-08-04 Sold (MLS) $32,000 Dayton MLS
• 2016-08-04 Sold (MLS) $32,000 WRIST
• 2016-07-29 Sold (Public Records) $32,000 Public Records
• 2015-10-30 Listed $29,000 Dayton MLS
• 2015-10-30 Listed $32,000 WRIST
• 2010-07-19 Listed $42,000 WRIST
• 1999-09-09 Sold (Public Records) $38,500 Public Records
• 1990-01-23 Sold (Public Records) $23,026 Public Records
• 1987-08-10 Sold (Public Records) $22,500 Public Records

Property tax history

+14.5%/yr

Latest (2025): $2,535 · +65.3% YoY. Source: county tax records.