761 W Main St · Bellevue, OH 44811

$104,900

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 48 Days on market

Built 1900 0.25 ac lot $84/sqft · 39% below area Est $172k · 39% under

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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 +20.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• Schools +5.2/10.0
• 1% rule +4.1/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Opportunity! This spacious home offers plenty of room for anyone looking to size up! Newly updated cosmetically, flooring, paint, custom barn doors, and laundry on the main level. A large yard with new privacy fence on one side. A/C unit new in 2025. Schedule a showing today before its gone!

Key facts

• 0.25 acre lot
• Built 1900
• Listed 48 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $96k (8.7% below list).
• Recommended offer: $96k (8.7% below list) — sets the bar for 1% rule.
• Cap rate 7.8% vs local median 3.2% in Bellevue — 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 77/100 on livability (#181 in OH, #2,807 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Bellevue City (town): math 56% / reading 65% proficiency, ranked #280 of 656 in OH (top 43%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 42 active listings in the ZIP; 23 units permitted in Sandusky County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($64k/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 $725 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Sandusky County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $60k; list at $105k implies a 75% 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 $95,748 (8.7% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 9% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.91% ✗
• Cap rate: 7.79%
• Cash-on-cash: 5.36%
• DSCR: 1.24
• GRM: 9.1

CMA / ARV

• ARV (median comp): $171,701
• List price: $104,900
• Delta: -38.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
131 John St	0.47mi	3/2.5	1,248 (0%)	14mo	$136,900	$110	61
134 Walter St	0.37mi	3/1.0	1,419 (+14%)	2mo	$200,000	$141	58
100 Winfield Ct	0.51mi	4/1.5 (+1)	1,332 (+7%)	3mo	$182,000	$137	55
154 Ashford Ave	0.63mi	3/1.5	1,152 (-8%)	6mo	$64,000	$56	51
317 Albina Dr	0.55mi	4/2.0 (+1)	1,364 (+9%)	10mo	$270,000	$198	41
135 Attwood Ter	0.70mi	3/1.5	1,416 (+14%)	2mo	$151,500	$107	41
411 Lawrence St	0.53mi	2/1.0 (-1)	1,152 (-8%)	20mo	$167,000	$145	41
132 Hamilton St	0.71mi	2/1.5 (-1)	1,072 (-14%)	3mo	$142,500	$133	34

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: -8.0%
• Equity multiple: 0.70×
• Total profit: $-8,684
• Equity at exit: $15,641

10-year hold

• IRR: 1.5%
• Equity multiple: 1.10×
• Total profit: $3,014
• Equity at exit: $9,070

Cash invested: $29,372 (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 →

ZIP-level market 44811

• Home prices YoY: -28.7%
• Active inventory: 42
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $957 medium
• Mortgage (P&I): −$550
• Tax from tax record: −$31 /mo · $376/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $131

Break-even live

Break-even rent $791

Max offer price $104,900

Occupancy floor 81%

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: $26,225
• Closing costs: $3,147
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $104,900 Active 48 DOM
2. 2026-06-17
   days on market $104,900 Active 47 DOM
3. 2026-06-16
   days on market $104,900 Active 46 DOM
4. 2026-06-15
   days on market $104,900 Active 45 DOM
5. 2026-06-13
   days on market $104,900 Active 43 DOM
6. 2026-06-12
   days on market $104,900 Active 42 DOM
7. 2026-06-09
   days on market $104,900 Active 39 DOM
8. 2026-06-08
   days on market $104,900 Active 38 DOM
9. 2026-06-07
   days on market $104,900 Active 37 DOM
10. 2026-06-07
    days on market $104,900 Active 36 DOM
11. 2026-06-04
    days on market $104,900 Active 33 DOM
12. 2026-06-02
    days on market $104,900 Active 32 DOM
13. 2026-06-01
    days on market $104,900 Active 31 DOM
14. 2026-05-31
    days on market $104,900 Active 30 DOM
15. 2026-05-16
    price $104,900 303-char remark

    Show marketing remark (303 chars)

    Investment Opportunity! This spacious home offers plenty of room for anyone looking to size up! Newly updated cosmetically, flooring, paint, custom barn doors, and laundry on the main level. A large yard with new privacy fence on one side. A/C unit new in 2025. Schedule a showing today before its gone!

16. 2026-05-11
    price $108,900 303-char remark

    Show marketing remark (303 chars)

    Investment Opportunity! This spacious home offers plenty of room for anyone looking to size up! Newly updated cosmetically, flooring, paint, custom barn doors, and laundry on the main level. A large yard with new privacy fence on one side. A/C unit new in 2025. Schedule a showing today before its gone!

17. 2026-05-01
    listed $112,900 Active 303-char remark

    Show marketing remark (303 chars)

    Investment Opportunity! This spacious home offers plenty of room for anyone looking to size up! Newly updated cosmetically, flooring, paint, custom barn doors, and laundry on the main level. A large yard with new privacy fence on one side. A/C unit new in 2025. Schedule a showing today before its gone!

18. 2026-04-22
    historical $112,900 303-char remark

    Show marketing remark (303 chars)

    Investment Opportunity! This spacious home offers plenty of room for anyone looking to size up! Newly updated cosmetically, flooring, paint, custom barn doors, and laundry on the main level. A large yard with new privacy fence on one side. A/C unit new in 2025. Schedule a showing today before its gone!

19. 2004-12-20
    soldstatus $60,000
20. 2000-04-28
    soldstatus $52,000

ⓘ 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: $376 · $31/mo
• Projected year-2 tax: $1,006 · $84/mo
• Expected delta: +$630/yr (+$53/mo · 167.7%)

ⓘ 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 ≥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: $11,490
• − Mortgage interest: −$5,876
• − Property taxes: −$376
• − Insurance: −$524
• − Repairs & maintenance: −$919
• − Management: −$919
• − Depreciation: −$3,052
• Taxable loss: −$177
• Est. tax savings @ 24.0%: +$42
• After-tax cash flow: $1,618/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: Bellevue City
• NCES district ID: 3904359
• Math proficiency: 56% ▼ -18.00%
• Reading proficiency: 65% ▼ -10.00%
• Median HH income: $52,591
• Composite: 51.71/100
• National rank: #1687
• State rank: #280 of 656 in OH

Livability — Bellevue

• Score: 77/100
• State rank: #181
• US rank: #2807

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bellevue, OH
• County: Seneca · 70,739 people
• Population (ZIP): 12,486
• Household income: $64,453
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 1.6

Population outlook (Sandusky County) Hauer SSP2

• Today (2025): 57,409 people
• By 2030: 55,791 · -2.8%
• By 2040: 51,837 · -9.7%
• By 2050: 47,712 · -16.9%
• By 2075: 39,908 · -30.5%
• By 2100: 33,171 · -42.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 4% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, China
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 0%

Political lean MEDSL · Sandusky

• 2024 margin: Solid R (+30.9) · D 34.1% · R 65.0%
• 2008→2024 swing: -35.5pp toward R · 2008: 4.6pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+27.6 2016: R+23.0 2012: D+1.9 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.28%
• Current HPI: 206.4977
• 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

+101.7% since first listed

6 events — show timeline

• 2026-05-16 Price Changed $104,900 FAOR
• 2026-05-11 Price Changed $108,900 FAOR
• 2026-05-01 Listed $112,900 FAOR
• 2026-04-22 Coming Soon $112,900 FAOR
• 2004-12-20 Sold (Public Records) $60,000 Public Records
• 2000-04-28 Sold (Public Records) $52,000 Public Records

Property tax history

-3.8%/yr

Latest (2024): $376 · -50.5% YoY. Source: county tax records.