150 E Broadway St · Toledo, OH 43605

$29,900

3 bd · 1.0 ba · 1,048 sqft · SingleFamily public records · 24 Days on market

Built 1914 3,700 sqft lot $29/sqft · 46% below area Est $55k · 46% 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
• Rent growth +3.8/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors, flippers, and rehabbers! This 3-bedroom single-story property is ready for a full interior renovation and loaded with value-add potential. Demo is already underway, giving you a head start on your next project. Whether you are planning a flip, rental, or long-term hold, this one offers a blank slate and a layout that appeals to a wide range of end buyers and tenants. Bring your contractor, bring your vision, and unlock the upside here.

Key facts

• Blank slate
• Value-add potential
• 3,700 sq ft lot

Tags

• FULL INTERIOR RENOVATION
• VALUE-ADD POTENTIAL
• BLANK SLATE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $655 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $29k (1.5% below list) — sets the bar for market timing.
• Cap rate 32.6% 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 (+5.4%/yr); 117 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• This rent runs 35% of the median local income ($39k/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 $207 of loan paydown is wiped out by about $897 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 + 5.4% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($29k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $15k; list at $30k implies a 99% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.4% of price; built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $29,451 (1.5% below list)

Questions for the listing agent

1. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 3.85% ✓
• Cap rate: 32.57%
• Cash-on-cash: 93.85%
• DSCR: 5.18
• GRM: 2.2

CMA / ARV

• ARV (median comp): $55,080
• List price: $29,900
• Delta: -45.72%
• 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
150 E Broadway St	0.00mi	3/1.0	1,048 (0%)	1mo	$20,000	$19	100
128 Carbon St	0.32mi	3/1.0	1,113 (+6%)	3mo	$89,000	$80	72
1421 N Ravine Pkwy	0.27mi	3/1.5	1,132 (+8%)	8mo	$62,000	$55	66
328 White St	0.49mi	2/1.0 (-1)	1,000 (-5%)	1mo	$39,900	$40	63
1206 Greenwood Ave	0.63mi	3/1.0	1,060 (+1%)	9mo	$72,000	$68	61
1133 Nevada St	0.73mi	2/1.0 (-1)	1,044 (-0%)	4mo	$36,000	$34	57
804 6th St	0.31mi	3/1.0	1,200 (+14%)	8mo	$63,000	$53	54
437 3rd St	0.49mi	3/1.0	1,188 (+13%)	5mo	$62,500	$53	51
325 E Broadway St	0.37mi	2/1.0 (-1)	919 (-12%)	8mo	$67,000	$73	50
1620 Kelsey Ave	0.56mi	3/2.0	1,145 (+9%)	9mo	$120,000	$105	47
256 Midvale Ave	0.64mi	3/1.0	1,180 (+13%)	4mo	$137,300	$116	46
540 Arden Pl	0.72mi	4/1.5 (+1)	1,179 (+12%)	8mo	$47,500	$40	32

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 · 5.37% rent growth · sell at horizon

5-year hold

• IRR: 97.5%
• Equity multiple: 5.74×
• Total profit: $39,712
• Equity at exit: $4,458

10-year hold

• IRR: —
• Equity multiple: 13.01×
• Total profit: $100,561
• Equity at exit: $2,585

Cash invested: $8,372 (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 43605

• Home prices YoY: -25.6%
• Rents YoY: 5.4%
• Active inventory: 117
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,150 high
• Mortgage (P&I): −$157
• Tax from tax record: −$85 /mo · $1,015/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $655

Break-even live

Break-even rent $321

Max offer price $29,900

Occupancy floor 38%

Sensitivity live

Price	-10% $672	-5% $663	+0% $655	+5% $646	+10% $638
Rent	-10% $564	-5% $609	+0% $655	+5% $700	+10% $746
Rate	-1.0pp $670	-0.5pp $662	base $655	+0.5pp $647	+1.0pp $639

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: $7,475
• Closing costs: $897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1305 Mott Ave Toledo, OH	3.0	1.0	1080	$1,000	$0.93	44d	1	0.16mi
1306 Mott Ave Toledo, OH	3.0	1.5	1282	$1,149	$0.90	44d	1	0.16mi
221 Licking St Unit 2 Toledo, OH	3.0	1.0	1048	$1,099	$1.05	24d	1	0.26mi
414 Platt St Unit ST-3 Toledo, OH	3.0	1.0	1500	$1,150	$0.77	24d	1	0.30mi
420 Platt St Toledo, OH	2.0	1.0	1499	$685	$0.46	22d	1	0.31mi
128 Carbon St Toledo, OH	3.0	1.0	1113	$1,200	$1.08	24d	1	0.34mi
653 Oswald St Toledo, OH	2.0	1.0	920	$800	$0.87	44d	1	0.36mi
470 2nd St Unit 1 Toledo, OH	2.0	1.0	950	$799	$0.84	44d	1	0.40mi
625 Riverside Dr Toledo, OH	1.0–2.0	1.0–2.0	860	$1,767	$2.05	14d	37	0.42mi
223 Valleywood Dr Toledo, OH	2.0	1.0	1098	$1,099	$1.00	24d	1	0.47mi
29 Garfield Pl Toledo, OH	4.0	2.0	1300	$1,250	$0.96	14d	1	0.54mi
1119 N Summit St Toledo, OH	2.0	2.0	1500	$1,890	$1.26	44d	1	0.68mi
1119 N Summit St Toledo, OH	2.0	2.0	1226	$1,750	$1.43	24d	1	0.68mi
1119 N Summit St Toledo, OH	1.0–2.0	1.0–2.0	1023	$1,750	$1.71	14d	2	0.68mi
1123 Nevada St Toledo, OH	2.0	1.0	792	$900	$1.14	14d	1	0.70mi
537 Potter St Toledo, OH	2.0	1.0	1200	$625	$0.52	24d	1	0.75mi
557 Valleywood Dr Toledo, OH	3.0	1.0	848	$1,100	$1.30	44d	1	0.79mi
508 Howland Ave Toledo, OH	3.0	1.0	840	$1,000	$1.19	44d	1	0.85mi
1614 Nevada St Toledo, OH	2.0	1.0	1172	$1,000	$0.85	22d	1	0.85mi
630 Mulberry St Toledo, OH	2.0	1.0	1000	$950	$0.95	24d	1	0.89mi
1449 N Huron St Toledo, OH	4.0	2.0	1430	$1,045	$0.73	14d	1	0.89mi
724 Plymouth St Toledo, OH	2.0	1.0	819	$750	$0.92	44d	1	0.90mi
626 Walnut St Toledo, OH	3.0	1.0	1088	$995	$0.91	44d	1	0.92mi
20 Greenwood Ave Toledo, OH	3.0	1.0	1496	$1,150	$0.77	14d	1	0.92mi
571 Howland Ave Toledo, OH	2.0	1.0	874	$875	$1.00	44d	1	0.92mi
200 N St Clair St Toledo, OH	2.0	1.0–2.0	835	$2,550	$3.05	14d	15	0.95mi
1848 Genesee St Toledo, OH	3.0	1.0	1069	$1,300	$1.22	24d	1	0.97mi
1848 Genesee St Toledo, OH	3.0	1.0	1069	$1,200	$1.12	44d	1	0.97mi
1964 Burr St Toledo, OH	3.0	1.0	1159	$1,250	$1.08	44d	1	0.97mi
2074 Starr Ave Toledo, OH	3.0	1.0	1115	$1,025	$0.92	24d	1	0.98mi
513 Adams St Toledo, OH	1.0–2.0	1.0	1175	$1,424	$1.21	14d	11	0.99mi
1505 Navarre Ave Toledo, OH	3.0	1.0	1331	$1,145	$0.86	44d	1	1.01mi
1031 N Michigan St Toledo, OH	3.0	2.0	1488	$1,195	$0.80	24d	1	1.05mi
948 White St Toledo, OH	3.0	1.0	1024	$1,135	$1.11	14d	1	1.08mi
908 Forsythe St Unit Upstairs Toledo, OH	2.0	1.0	1164	$900	$0.77	14d	1	1.11mi
908 Forsythe St Unit Downstairs Toledo, OH	3.0	1.0	1164	$950	$0.82	44d	1	1.11mi
834 Oak St Toledo, OH	3.0	1.0	1064	$900	$0.85	44d	1	1.12mi
921 Berry St Toledo, OH	4.0	1.0	1204	$1,350	$1.12	14d	1	1.14mi
1106 White St Toledo, OH	3.0	1.0	1200	$1,015	$0.85	14d	1	1.18mi
2129 Nevada St Toledo, OH	3.0	1.0	1352	$1,200	$0.89	14d	1	1.20mi

Listing history 8 events

1. 2026-05-11
   status Pending 462-char remark

   Show marketing remark (462 chars)

   Calling all investors, flippers, and rehabbers! This 3-bedroom single-story property is ready for a full interior renovation and loaded with value-add potential. Demo is already underway, giving you a head start on your next project. Whether you are planning a flip, rental, or long-term hold, this one offers a blank slate and a layout that appeals to a wide range of end buyers and tenants. Bring your contractor, bring your vision, and unlock the upside here.

2. 2026-04-29
   status Active 462-char remark

   Show marketing remark (462 chars)

   Calling all investors, flippers, and rehabbers! This 3-bedroom single-story property is ready for a full interior renovation and loaded with value-add potential. Demo is already underway, giving you a head start on your next project. Whether you are planning a flip, rental, or long-term hold, this one offers a blank slate and a layout that appeals to a wide range of end buyers and tenants. Bring your contractor, bring your vision, and unlock the upside here.

3. 2026-04-28
   status Pending 462-char remark

   Show marketing remark (462 chars)

   Calling all investors, flippers, and rehabbers! This 3-bedroom single-story property is ready for a full interior renovation and loaded with value-add potential. Demo is already underway, giving you a head start on your next project. Whether you are planning a flip, rental, or long-term hold, this one offers a blank slate and a layout that appeals to a wide range of end buyers and tenants. Bring your contractor, bring your vision, and unlock the upside here.

4. 2026-04-16
   listed $29,900 Active 462-char remark

   Show marketing remark (462 chars)

   Calling all investors, flippers, and rehabbers! This 3-bedroom single-story property is ready for a full interior renovation and loaded with value-add potential. Demo is already underway, giving you a head start on your next project. Whether you are planning a flip, rental, or long-term hold, this one offers a blank slate and a layout that appeals to a wide range of end buyers and tenants. Bring your contractor, bring your vision, and unlock the upside here.

5. 2026-03-14
   status Pending
6. 2026-03-14
   historical
7. 2026-03-09
   listed $34,900 Active
8. 1992-04-24
   soldstatus $15,000

ⓘ 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: $1,015 · $85/mo
• Projected year-2 tax: $1,015 · $85/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 ≥100°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: $13,801
• − Mortgage interest: −$1,675
• − Property taxes: −$1,015
• − Insurance: −$150
• − Repairs & maintenance: −$1,104
• − Management: −$1,104
• − Depreciation: −$870
• Taxable income: $7,884
• Est. tax owed @ 24.0%: −$1,892
• After-tax cash flow: $5,965/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): 24,441
• Household income: $39,118
• Rent vs Own: 51.9% rent · 48.1% own
• Severe rent burden: 1257.0

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 57% Hispanic / Latino 21% Black 14% Two or more races 14%
• Hispanic origin (detail): Mexican 17% Puerto Rican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 91% English-only · Spanish 7% Arabic 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: ▼ -47.85%
• Current HPI: 138.6894
• Rent YoY: ▲ 5.37%
• 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

+99.3% since first listed

8 events — show timeline

• 2026-05-11 Pending — NORIS
• 2026-04-29 Relisted — NORIS
• 2026-04-28 Pending — NORIS
• 2026-04-16 Listed $29,900 NORIS
• 2026-03-14 Pending — NORIS
• 2026-03-14 Listing Removed — NORIS
• 2026-03-09 Listed $34,900 NORIS
• 1992-04-24 Sold (Public Records) $15,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $1,015 · +1.4% YoY. Source: county tax records.