2840 Scottwood Ave · Toledo, OH 43610

$149,995

4 bd · 2.0 ba · 2,568 sqft · SingleFamily public records · 160 Days on market

Built 1913 4,299 sqft lot $58/sqft · 22% above area Est $123k · 22% over

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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 +23.8/30.0
• DSCR +7.7/10.0
• Appreciation +7.3/10.0
• 1% rule +5.2/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

Key facts

• 4,299 sq ft lot
• Garage
• Built 1913

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

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: 30 active listings in the ZIP; lower-income renter base — watch delinquency; 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• At $1,534/mo this rent would consume 48% of the median local household income ($38k/yr) (locally 16% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $8k of equity ($1k loan paydown + $7k appreciation (4.7% local appreciation)).
• Lucas County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (4.7% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 160 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 19y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $150k implies a 1201% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $131,995 (12.0% below list)

Questions for the listing agent

1. It's been on market 160 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1913 — 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 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: 1.02% ✓
• Cap rate: 8.60%
• Cash-on-cash: 8.25%
• DSCR: 1.37
• GRM: 8.2

CMA / ARV

• ARV (median comp): $123,192
• List price: $149,995
• Delta: 21.76%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2512 Robinwood Ave	0.33mi	4/2.5	2,566 (-0%)	4mo	$214,000	$83	79
2530 Robinwood Ave	0.30mi	4/3.0	2,599 (+1%)	12mo	$260,000	$100	70
2520 Robinwood Ave	0.31mi	5/2.0 (+1)	2,774 (+8%)	1mo	$190,000	$68	66
2550 Robinwood Ave	0.26mi	3/1.5 (-1)	2,482 (-3%)	15mo	$90,000	$36	63
2503 Parkwood Ave	0.34mi	4/2.0	2,696 (+5%)	22mo	$5,000	$2	58
2370 Parkwood Ave	0.55mi	4/1.5	2,772 (+8%)	11mo	$240,400	$87	50

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

Projected returns pro-forma

4.65% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.1%
• Equity multiple: 2.19×
• Total profit: $49,902
• Equity at exit: $81,804

10-year hold

• IRR: 19.2%
• Equity multiple: 4.25×
• Total profit: $136,382
• Equity at exit: $138,608

Cash invested: $41,999 (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 43610

• Home prices YoY: 3.8%
• Active inventory: 30
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,534 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$74 /mo · $887/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $289

Break-even live

Break-even rent $1,168

Max offer price $149,995

Occupancy floor 76%

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: $37,499
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 49 events

1. 2026-06-18
   days on market $149,995 Active 160 DOM
2. 2026-06-17
   days on market $149,995 Active 159 DOM
3. 2026-06-16
   days on market $149,995 Active 158 DOM
4. 2026-06-15
   days on market $149,995 Active 157 DOM
5. 2026-06-14
   days on market $149,995 Active 155 DOM
6. 2026-06-10
   days on market $149,995 Active 152 DOM
7. 2026-06-09
   days on market $149,995 Active 151 DOM
8. 2026-06-08
   days on market $149,995 Active 150 DOM
9. 2026-06-07
   days on market $149,995 Active 149 DOM
10. 2026-06-05
    days on market $149,995 Active 146 DOM
11. 2026-06-03
    days on market $149,995 Active 145 DOM
12. 2026-06-02
    days on market $149,995 Active 144 DOM
13. 2026-06-01
    days on market $149,995 Active 143 DOM
14. 2026-05-31
    days on market $149,995 Active 142 DOM
15. 2026-05-30
    days on market $149,995 Active 141 DOM
16. 2026-05-17
    price $149,995 634-char remark

    Show marketing remark (634 chars)

    Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

17. 2026-04-29
    status Active 634-char remark

    Show marketing remark (634 chars)

    Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

18. 2026-04-29
    price $154,900 634-char remark

    Show marketing remark (634 chars)

    Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

19. 2026-04-28
    price $154,950 634-char remark

    Show marketing remark (634 chars)

    Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

20. 2026-04-21
    historical Contingent 634-char remark

    Show marketing remark (634 chars)

    Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

21. 2026-03-22
    price $154,995 634-char remark

    Show marketing remark (634 chars)

    Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

22. 2026-01-09
    listed $159,995 Active 634-char remark

    Show marketing remark (634 chars)

    Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

23. 2026-01-04
    historical $159,995 634-char remark

    Show marketing remark (634 chars)

    Dreaming of Old West End Living? Must see this wonderful & incredibly spacious 4 possibly 5 bedroom OWE home. 2 full baths. Features maintence free vinyl siding and Pella insulated replacement windows. Brand new gutters just installed, fresh paint inside, beautiful hardwood floors in almost every room, Custom built ins & beautiful fireplace. Dual staircase with one off living room & other off kitchen. White kitchen w/ ceramic tile floors, refrigerator & brand new dishwasher. New Boiler 7-8 years young. Large concrete driveway. Fenced backyard with 1.5 car garage. Low property taxes under $75/month. Agent owner.

24. 2025-11-30
    historical
25. 2025-10-14
    price $18,000
26. 2025-10-14
    price $11,533
27. 2025-10-08
    price $159,995
28. 2025-09-24
    price $163,990
29. 2025-09-18
    listed $163,995 Active
30. 2025-09-10
    historical
31. 2025-09-03
    status Active
32. 2025-08-27
    historical Contingent
33. 2025-07-04
    listed $164,995 Active
34. 2025-06-28
    historical
35. 2016-02-29
    soldstatus $11,533
36. 2016-01-30
    price $23,900
37. 2015-10-01
    listed $23,900
38. 2015-09-28
    historical
39. 2015-09-17
    listed $31,900
40. 2014-05-07
    historical
41. 2013-05-08
    historical
42. 2013-05-07
    listed $42,000
43. 2012-08-23
    listed $74,900
44. 2010-06-22
    historical
45. 2009-10-23
    listed $98,900
46. 2008-12-20
    historical
47. 2008-06-20
    listed $104,500
48. 2007-11-19
    soldstatus $18,000
49. 2007-08-21
    listed $19,900

ⓘ 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: $887 · $74/mo
• Projected year-2 tax: $1,613 · $134/mo
• Expected delta: +$727/yr (+$61/mo · 81.9%)

ⓘ 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 (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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,404
• − Mortgage interest: −$8,402
• − Property taxes: −$887
• − Insurance: −$750
• − Repairs & maintenance: −$1,472
• − Management: −$1,472
• − Depreciation: −$4,363
• Taxable income: $1,057
• Est. tax owed @ 24.0%: −$254
• After-tax cash flow: $3,210/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 · 437,818 people
• City population: 280,811
• Metro: Toledo, OH
• Population (ZIP): 4,057
• Household income: $38,369
• Rent vs Own: 41.4% rent · 58.6% own
• Severe rent burden: 15.7

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: Majority Black (64%)
• Race & ethnicity: Black 64% White 29% Hispanic / Latino 4% Two or more races 4%
• Common ancestry: Romanian 5% Iranian 3% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▲ 4.65%
• Current HPI: 126.1457
• 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

+653.7% since first listed

34 events — show timeline

• 2026-05-17 Price Changed $149,995 NORIS
• 2026-04-29 Relisted — NORIS
• 2026-04-29 Price Changed $154,900 NORIS
• 2026-04-28 Price Changed $154,950 NORIS
• 2026-04-21 Contingent — NORIS
• 2026-03-22 Price Changed $154,995 NORIS
• 2026-01-09 Listed $159,995 NORIS
• 2026-01-04 Coming Soon $159,995 NORIS
• 2025-11-30 Listing Removed — NORIS
• 2025-10-14 Price Changed $18,000 NORIS
• 2025-10-14 Price Changed $11,533 NORIS
• 2025-10-08 Price Changed $159,995 NORIS
• 2025-09-24 Price Changed $163,990 NORIS
• 2025-09-18 Listed $163,995 NORIS
• 2025-09-10 Listing Removed — NORIS
• 2025-09-03 Relisted — NORIS
• 2025-08-27 Contingent — NORIS
• 2025-07-04 Listed $164,995 NORIS
• 2025-06-28 Coming Soon — NORIS
• 2016-02-29 Sold (MLS) $11,533 NORIS
• 2016-01-30 Price Changed $23,900 NORIS
• 2015-10-01 Listed $23,900 NORIS
• 2015-09-28 Listing Removed — NORIS
• 2015-09-17 Listed $31,900 NORIS
• 2014-05-07 Listing Removed — NORIS
• 2013-05-08 Listing Removed — NORIS
• 2013-05-07 Listed $42,000 NORIS
• 2012-08-23 Listed $74,900 NORIS
• 2010-06-22 Listing Removed — NORIS
• 2009-10-23 Listed $98,900 NORIS
• 2008-12-20 Listing Removed — NORIS
• 2008-06-20 Listed $104,500 NORIS
• 2007-11-19 Sold (MLS) $18,000 NORIS
• 2007-08-21 Listed $19,900 NORIS

Property tax history

-5.2%/yr

Latest (2025): $887 · +1.6% YoY. Source: county tax records.