1429 Broadway St · Springfield, OH 45504

$129,900

3 bd · 1.0 ba · 1,244 sqft · SingleFamily public records · 10 Days on market

Built 1906 6,300 sqft lot $104/sqft · 6% below area Est $138k · 6% 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 +26.5/30.0
• ARV discount +10.2/15.0
• DSCR +9.0/10.0
• 1% rule +6.5/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great oppurtunity on this bank owned property. Please rely on your own inspections, information provided is not warranted. Bank addendums will apply.

Key facts

• Ample outdoor space
• Generous lot
• Desirable location

Tags

• GENEROUS LOT
• WELL-MAINTAINED GROUNDS
• AMPLE OUTDOOR SPACE
• PRIVATE OASIS
• DESIRABLE LOCATION

Property features AI

Finance

• Financial info: Offered for sale

Exterior

• Parking: Attached one-car garage
• Home design: Two-story wood siding home
• Construction: Wood siding construction
• Exterior features: Residential zoning; Lot approximately 42 x 150 ft (0.1446 acres)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $344 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Cap rate 9.5% vs local median 4.7% 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: Snyder Park Elementary School (math 27% / reading 32%, grade F, #1,158 of 1,584 statewide, top 75%, 301 students, 0% FRL); Roosevelt Middle School (math 30% / reading 36%, grade F, #553 of 654 statewide, top 85%, 397 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: 94 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $898 of loan paydown is wiped out by about $4k 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 $36k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 18y ago; this cycle's ask is 6395% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1906 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,900

Questions for the listing agent

1. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.15% ✓
• Cap rate: 9.47%
• Cash-on-cash: 11.34%
• DSCR: 1.50
• GRM: 7.3

CMA / ARV

• ARV (median comp): $138,253
• List price: $129,900
• Delta: -6.04%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
306 N Bechtle Ave	0.08mi	3/1.0	1,288 (+4%)	2mo	$169,900	$132	89
452 N Bechtle Ave	0.11mi	3/1.0	1,124 (-10%)	1mo	$85,000	$76	78
1323 Broadway St	0.11mi	2/1.0 (-1)	1,356 (+9%)	5mo	$140,000	$103	70
908 Cedar St	0.46mi	3/1.0	1,255 (+1%)	10mo	$60,000	$48	69
1701 W Jefferson St	0.58mi	2/1.0 (-1)	1,230 (-1%)	1mo	$115,000	$93	65
1530 W Main St	0.30mi	3/2.0	1,182 (-5%)	10mo	$55,000	$47	65
1504 W High St	0.37mi	2/2.0 (-1)	1,120 (-10%)	3mo	$61,000	$54	55
1951 Harshman Blvd	0.45mi	2/1.0 (-1)	1,394 (+12%)	1mo	$175,000	$126	53
2162 Broadway St	0.61mi	3/1.0	1,105 (-11%)	2mo	$168,000	$152	51
1207 W Pleasant St	0.74mi	2/1.0 (-1)	1,328 (+7%)	4mo	$134,900	$102	46
1933 Maiden Ln	0.42mi	3/2.0	1,418 (+14%)	9mo	$165,000	$116	46
1212 W Pleasant St	0.71mi	4/2.0 (+1)	1,300 (+4%)	6mo	$164,000	$126	45

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: 0.6%
• Equity multiple: 1.02×
• Total profit: $831
• Equity at exit: $19,369

10-year hold

• IRR: 10.2%
• Equity multiple: 1.79×
• Total profit: $28,849
• Equity at exit: $11,231

Cash invested: $36,372 (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 45504

• Active inventory: 94
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,489 high
• Mortgage (P&I): −$681
• Tax from tax record: −$97 /mo · $1,167/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $344

Break-even live

Break-even rent $1,054

Max offer price $129,900

Occupancy floor 72%

Sensitivity live

Price	-10% $417	-5% $381	+0% $344	+5% $307	+10% $270
Rent	-10% $226	-5% $285	+0% $344	+5% $403	+10% $461
Rate	-1.0pp $409	-0.5pp $377	base $344	+0.5pp $310	+1.0pp $276

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
307 N Isabella St Unit 309 Springfield, OH	3.0	1.5	1300	$1,400	$1.08	5d	1	0.12mi
826 Grant St Springfield, OH	2.0	1.0	950	$1,200	$1.26	5d	1	0.49mi
220 S Yellow Springs St Springfield, OH	4.0	2.0	1456	$1,645	$1.13	25d	1	0.92mi
302 S Yellow Springs St Springfield, OH	4.0	2.0	1456	$1,845	$1.27	13d	1	0.93mi
523 W Mulberry St Springfield, OH	4.0	2.0	1456	$1,825	$1.25	13d	1	0.99mi
524 W Pleasant St Springfield, OH	4.0	2.0	1456	$1,645	$1.13	13d	1	1.01mi
306 S Plum St Springfield, OH	4.0	2.0	1352	$1,700	$1.26	46d	1	1.06mi
545 W Grand Ave Springfield, OH	4.0	2.0	1456	$1,595	$1.10	5d	1	1.34mi

Listing history 12 events

1. 2026-05-18
   status Pending 1144-char remark
2. 2026-05-17
   listed $2,000
3. 2026-05-08
   listed $129,900 Active 1144-char remark
4. 2024-12-12
   soldstatus $1,802,000
5. 2017-09-11
   soldstatus $190,000
6. 2008-10-29
   soldstatus $16,000 149-char remark

   Show marketing remark (149 chars)

   Great oppurtunity on this bank owned property. Please rely on your own inspections, information provided is not warranted. Bank addendums will apply.

7. 2008-09-05
   listed $26,000 149-char remark

   Show marketing remark (149 chars)

   Great oppurtunity on this bank owned property. Please rely on your own inspections, information provided is not warranted. Bank addendums will apply.

8. 2005-04-04
   soldstatus $55,000
9. 2003-10-01
   soldstatus $73,000
10. 2000-02-25
    soldstatus $79,000
11. 1995-03-30
    soldstatus $59,900
12. 1986-02-26
    soldstatus $25,000

ⓘ 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: $1,167 · $97/mo
• Projected year-2 tax: $1,597 · $133/mo
• Expected delta: +$430/yr (+$36/mo · 36.8%)

ⓘ 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: $17,869
• − Mortgage interest: −$7,276
• − Property taxes: −$1,167
• − Insurance: −$650
• − Repairs & maintenance: −$1,430
• − Management: −$1,430
• − Depreciation: −$3,779
• Taxable income: $2,138
• Est. tax owed @ 24.0%: −$513
• After-tax cash flow: $3,613/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: 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

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 · 134,280 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 16,654
• Household income: $67,334
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 6.4

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Black 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -138.72%
• Current HPI: 240.7049
• 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

-92.0% since first listed

13 events — show timeline

• 2026-05-19 Rental Removed $2,000 TURBOTENANT
• 2026-05-18 Pending — Dayton MLS
• 2026-05-17 Listed for Rent $2,000 TURBOTENANT
• 2026-05-08 Listed $129,900 Dayton MLS
• 2024-12-12 Sold (Public Records) $1,802,000 Public Records
• 2017-09-11 Sold (Public Records) $190,000 Public Records
• 2008-10-29 Sold (MLS) $16,000 WRIST
• 2008-09-05 Listed $26,000 WRIST
• 2005-04-04 Sold (Public Records) $55,000 Public Records
• 2003-10-01 Sold (Public Records) $73,000 Public Records
• 2000-02-25 Sold (Public Records) $79,000 Public Records
• 1995-03-30 Sold (Public Records) $59,900 Public Records
• 1986-02-26 Sold (Public Records) $25,000 Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,167 · +33.3% YoY. Source: county tax records.