416 N Main St · North Baltimore, OH 45872

$124,000

3 bd · 1.0 ba · 978 sqft · SingleFamily public records · 52 Days on market

Built 1900 6,399 sqft lot $127/sqft · 13% below area Est $143k · 13% 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 +21.9/30.0
• ARV discount +13.6/15.0
• DSCR +7.0/10.0
• 1% rule +5.1/10.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Cute, 3-bedroom home in North Baltimore.

Key facts

• 6,399 sq ft lot
• 2 garage spots
• Built 1900

Property features AI

Exterior

• Parking: Detached 2-car garage; Total parking for 2 vehicles
• Utilities: Electricity connected (circuit breakers); Natural gas connected; Public water; Public/sanitary sewer
• Home design: Single-family house; One and one-half levels (2 stories total); No shared/common walls
• Construction: Aluminum siding; Block foundation with crawl space
• Exterior features: Asphalt shingle roof; Chain link fence; Detached garage structure

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Electric range connection
• Bedrooms: Three bedrooms (all on main level)
• Flooring: Carpet; Laminate
• Bathrooms: One full bathroom
• Heating & cooling: Baseboard heating; Boiler
• Interior features: Window treatments; Storm door(s); Enclosed porch
• Laundry & utility: Washer hookup; Electric dryer hookup; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $124k).
• Recommended offer: $120k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 5.9% in North Baltimore — 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 78/100 on livability (#159 in OH, #2,395 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• North Baltimore Local (town): math 45% / reading 58% proficiency, ranked #424 of 656 in OH (top 65%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: E A Powell Elementary School (math 47% / reading 57%, grade C-, #851 of 1,584 statewide, top 56%, 367 students, 46% FRL); North Baltimore Middle School (math 52% / reading 57%, grade B-, #342 of 654 statewide, top 54%, 95 students, 0% FRL); North Baltimore High School (math 34% / reading 74%, grade C-, #303 of 781 statewide, top 42%, 136 students, 84% FRL) — zoned schools at 43% FRL track the district average.
• Market conditions: 32 active listings in the ZIP; 493 units permitted in Wood County in 2024 (48 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $857 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wood County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($120k) 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 $41k; list at $124k implies a 202% 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 $120,280 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% 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 B-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: 1.01% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.78%
• DSCR: 1.30
• GRM: 8.3

CMA / ARV

• ARV (median comp): $143,290
• List price: $124,000
• Delta: -13.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
520 Eastview Dr	0.22mi	3/1.0	1,014 (+4%)	4mo	$150,000	$148	80
316 W Margaret Ave	0.27mi	3/1.0	968 (-1%)	18mo	$106,500	$110	71
524 Eastview Dr	0.25mi	3/1.0	1,014 (+4%)	24mo	$135,000	$133	63
118 W Broadway St	0.24mi	2/1.0 (-1)	849 (-13%)	5mo	$74,900	$88	57
115 N Beecher St	0.36mi	2/1.0 (-1)	1,040 (+6%)	12mo	$109,900	$106	57
508 E Water St	0.60mi	2/1.0 (-1)	944 (-4%)	6mo	$85,000	$90	56
522 Eastview Dr	0.23mi	3/1.0	1,066 (+9%)	23mo	$180,000	$169	55
109 Smith St	0.57mi	2/1.0 (-1)	1,032 (+6%)	6mo	$147,500	$143	54
212 N Gillette St	0.35mi	3/1.0	1,121 (+15%)	20mo	$142,000	$127	43

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: -5.9%
• Equity multiple: 0.78×
• Total profit: $-7,618
• Equity at exit: $18,489

10-year hold

• IRR: 3.7%
• Equity multiple: 1.27×
• Total profit: $9,369
• Equity at exit: $10,721

Cash invested: $34,720 (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 45872

• Home prices YoY: -11.5%
• Active inventory: 32
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,250 medium
• Mortgage (P&I): −$650
• Tax from tax record: −$89 /mo · $1,069/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $196

Break-even live

Break-even rent $1,001

Max offer price $124,000

Occupancy floor 79%

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: $31,000
• Closing costs: $3,720
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   status $124,000 Active 52 DOM
2. 2026-06-18
   days on market $124,000 Contingent 52 DOM
3. 2026-06-17
   days on market $124,000 Contingent 51 DOM
4. 2026-06-16
   days on market $124,000 Contingent 50 DOM
5. 2026-06-15
   days on market $124,000 Contingent 49 DOM
6. 2026-06-13
   days on market $124,000 Contingent 47 DOM
7. 2026-06-12
   days on market $124,000 Contingent 46 DOM
8. 2026-06-09
   statusdays on market $124,000 Contingent 43 DOM
9. 2026-06-09
   price $124,000 Active 42 DOM
10. 2026-06-08
    days on market $129,000 Active 42 DOM
11. 2026-06-08
    days on market $129,000 Active 41 DOM
12. 2026-06-07
    days on market $129,000 Active 40 DOM
13. 2026-06-04
    days on market $129,000 Active 37 DOM
14. 2026-06-02
    days on market $129,000 Active 36 DOM
15. 2026-06-01
    days on market $129,000 Active 35 DOM
16. 2026-05-31
    days on market $129,000 Active 34 DOM
17. 2026-05-04
    status Active 40-char remark
18. 2026-05-01
    historical Contingent 40-char remark
19. 2026-04-26
    listed $129,000 Active 40-char remark
20. 1991-12-11
    soldstatus $41,000

ⓘ 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: $1,069 · $89/mo
• Projected year-2 tax: $1,502 · $125/mo
• Expected delta: +$432/yr (+$36/mo · 40.4%)

ⓘ 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 ≥99°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: $14,996
• − Mortgage interest: −$6,946
• − Property taxes: −$1,069
• − Insurance: −$620
• − Repairs & maintenance: −$1,200
• − Management: −$1,200
• − Depreciation: −$3,607
• Taxable income: $354
• Est. tax owed @ 24.0%: −$85
• After-tax cash flow: $2,269/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: North Baltimore Local
• NCES district ID: 3905070
• Math proficiency: 45% ▼ -21.00%
• Reading proficiency: 58% ▼ -12.00%
• Median HH income: $47,242
• Composite: 43.72/100
• National rank: #2951
• State rank: #424 of 656 in OH

Livability — North Baltimore

• Score: 78/100
• State rank: #159
• US rank: #2395

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Baltimore, OH
• County: Wood · 127,168 people
• City population: 4,572
• Metro: Toledo, OH
• Population (ZIP): 4,572
• Household income: $62,380
• Rent vs Own: 19.3% rent · 80.7% own
• Severe rent burden: 3.8

Population outlook (Wood County) Hauer SSP2

• Today (2025): 138,744 people
• By 2030: 143,189 · +3.2%
• By 2040: 150,896 · +8.8%
• By 2050: 158,589 · +14.3%
• By 2075: 182,166 · +31.3%
• By 2100: 196,533 · +41.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 4% Two or more races 2% Black 2%
• Common ancestry: Iranian 4% Romanian 2% Slovak 1%
• Foreign-born: 0%
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Wood

• 2024 margin: R (+10.2) · D 44.4% · R 54.6%
• 2008→2024 swing: -17.3pp toward R · 2008: 7.1pp · 2024: -10.2pp
• All cycles: 2024: R+10.2 2020: R+7.6 2016: R+8.5 2012: D+4.2 2008: D+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.19%
• Current HPI: 225.1072
• 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

+202.4% since first listed

7 events — show timeline

• 2026-06-18 Relisted — NORIS
• 2026-06-09 Contingent — NORIS
• 2026-06-08 Price Changed $124,000 NORIS
• 2026-05-04 Relisted — NORIS
• 2026-05-01 Contingent — NORIS
• 2026-04-26 Listed $129,000 NORIS
• 1991-12-11 Sold (Public Records) $41,000 Public Records

Property tax history

+7.9%/yr

Latest (2025): $1,069 · +1.2% YoY. Source: county tax records.