1322 Linden Ave · Springfield, OH 45505

$59,999

2 bd · 1.0 ba · 1,116 sqft · SingleFamily public records · 46 Days on market

Built 1893 3,762 sqft lot $54/sqft · at area comps Est $63k · at est.

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +9.5/15.0
• 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

Are you ready for your next project? Fixer upper opportunity to transform this home with solid bones. With a cosmetic rehab this home can be a solid gem. Bring your tool belt, measuring tape and ideas. With vinyl siding and many replaced windows, you can button up the exterior and get right to work on the inside. 3rd bedroom can be made on the main floor with a potential 1/2 - 1 full bath. If back porch and front porch have baseboard heaters installed the home would have 1,422 sq ft and thus the resale value would be $150,000-$160,000. If you are an investor looking for your next project this could be a great option for your portfolio.

Key facts

• Newer windows
• Vinyl siding
• 3,762 sq ft lot

Tags

• VINYL SIDING
• NEWER WINDOWS
• NEWLY FENCED BACKYARD
• EXPAND HEATED LIVING SPACE
• FINISH FRONT AND BACK PORCHES

Property features AI

Finance

• Financial info: Offered for sale

Exterior

• Parking: No garage
• Utilities: Has heating
• Home design: Two-story home; Vinyl siding exterior
• Construction: Vinyl siding construction
• Exterior features: Irregular-shaped residential lot (~0.086 acres)

Interior

• Kitchen: Main level kitchen (17 x 12)
• Bedrooms: One bedroom on the second level (13 x 13)
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced air heating
• Interior features: Unfinished basement; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $541 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
• Cap rate 17.1% vs local median 4.8% 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.
• Market conditions: 158 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).
• This rent runs 32% of the median local income ($44k/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 $415 of loan paydown is wiped out by about $2k 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 $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $5k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; 50% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1893 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $58,199 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 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 1893 — 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. 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?
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: 1.97% ✓
• Cap rate: 17.12%
• Cash-on-cash: 38.67%
• DSCR: 2.72
• GRM: 4.2

CMA / ARV

• ARV (median comp): $62,796
• List price: $59,999
• Delta: -4.45%
• 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
230 Rice St	0.11mi	2/1.0	1,208 (+8%)	2mo	$40,000	$33	80
650 E Southern Ave	0.32mi	3/1.0 (+1)	1,144 (+2%)	4mo	$72,500	$63	72
1820 Clay St	0.41mi	3/1.0 (+1)	1,092 (-2%)	2mo	$75,000	$69	71
1748 Kentucky Ave	0.36mi	2/1.0	1,008 (-10%)	1mo	$75,000	$74	66
638 Clifton Ave	0.53mi	2/1.5	1,080 (-3%)	3mo	$160,000	$148	65
634 Clifton Ave	0.54mi	2/1.5	1,080 (-3%)	6mo	$160,000	$148	63
551 Georgia Ave	0.31mi	2/1.0	1,248 (+12%)	7mo	$37,000	$30	60
920 Elder St	0.59mi	2/1.0	1,184 (+6%)	3mo	$42,500	$36	59
260 Indiana Ave	0.63mi	3/1.0 (+1)	1,161 (+4%)	0mo	$129,000	$111	58
1111 Lafayete Ave	0.61mi	3/1.0 (+1)	1,056 (-5%)	2mo	$130,000	$123	56
908 Pine St	0.74mi	2/2.0	1,180 (+6%)	2mo	$68,000	$58	50
1024 Elder St	0.56mi	3/2.0 (+1)	1,242 (+11%)	4mo	$33,334	$27	42

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: 34.8%
• Equity multiple: 2.47×
• Total profit: $24,762
• Equity at exit: $8,946

10-year hold

• IRR: 41.6%
• Equity multiple: 4.93×
• Total profit: $65,980
• Equity at exit: $5,188

Cash invested: $16,800 (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 45505

• Home prices YoY: -34.3%
• Active inventory: 158
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,183 high
• Mortgage (P&I): −$315
• Tax from tax record: −$54 /mo · $643/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $541

Break-even live

Break-even rent $498

Max offer price $59,999

Occupancy floor 49%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
313 E Rose St Springfield, OH	3.0	1.0	828	$1,200	$1.45	23d	1	0.07mi
421 Catherine St Springfield, OH	3.0	2.0	1498	$1,500	$1.00	44d	1	0.13mi
1452 S Wittenberg Ave Springfield, OH	2.0	1.0	937	$1,010	$1.08	2d	1	0.58mi
515 Ludlow Ave Springfield, OH	3.0	1.0	1000	$950	$0.95	44d	1	1.20mi
147 S Shaffer St Springfield, OH	1.0	1.0	900	$875	$0.97	19d	1	1.43mi

Listing history 24 events

1. 2026-06-19
   days on market $59,999 Active 46 DOM
2. 2026-06-18
   days on market $59,999 Active 45 DOM
3. 2026-06-17
   days on market $59,999 Active 44 DOM
4. 2026-06-16
   days on market $59,999 Active 43 DOM
5. 2026-06-16
   price $59,999 Active 42 DOM
6. 2026-06-15
   days on market $65,000 Active 42 DOM
7. 2026-06-14
   days on market $65,000 Active 40 DOM
8. 2026-06-12
   days on market $65,000 Active 39 DOM
9. 2026-06-09
   days on market $65,000 Active 36 DOM
10. 2026-06-08
    days on market $65,000 Active 35 DOM
11. 2026-06-07
    days on market $65,000 Active 34 DOM
12. 2026-06-05
    days on market $65,000 Active 31 DOM
13. 2026-06-02
    days on market $65,000 Active 29 DOM
14. 2026-06-01
    days on market $65,000 Active 28 DOM
15. 2026-05-31
    days on market $65,000 Active 27 DOM
16. 2026-05-30
    days on market $65,000 Active 26 DOM
17. 2026-05-04
    listed $65,000 Active 1201-char remark
18. 2025-07-15
    soldstatus $40,000 Closed 643-char remark

    Show marketing remark (643 chars)

    Are you ready for your next project? Fixer upper opportunity to transform this home with solid bones. With a cosmetic rehab this home can be a solid gem. Bring your tool belt, measuring tape and ideas. With vinyl siding and many replaced windows, you can button up the exterior and get right to work on the inside. 3rd bedroom can be made on the main floor with a potential 1/2 - 1 full bath. If back porch and front porch have baseboard heaters installed the home would have 1,422 sq ft and thus the resale value would be $150,000-$160,000. If you are an investor looking for your next project this could be a great option for your portfolio.

19. 2025-07-15
    soldstatus $40,000 Closed

    Show marketing remark (643 chars)

    Are you ready for your next project? Fixer upper opportunity to transform this home with solid bones. With a cosmetic rehab this home can be a solid gem. Bring your tool belt, measuring tape and ideas. With vinyl siding and many replaced windows, you can button up the exterior and get right to work on the inside. 3rd bedroom can be made on the main floor with a potential 1/2 - 1 full bath. If back porch and front porch have baseboard heaters installed the home would have 1,422 sq ft and thus the resale value would be $150,000-$160,000. If you are an investor looking for your next project this could be a great option for your portfolio.

20. 2025-07-06
    historical ActiveUnderContract 643-char remark

    Show marketing remark (643 chars)

    Are you ready for your next project? Fixer upper opportunity to transform this home with solid bones. With a cosmetic rehab this home can be a solid gem. Bring your tool belt, measuring tape and ideas. With vinyl siding and many replaced windows, you can button up the exterior and get right to work on the inside. 3rd bedroom can be made on the main floor with a potential 1/2 - 1 full bath. If back porch and front porch have baseboard heaters installed the home would have 1,422 sq ft and thus the resale value would be $150,000-$160,000. If you are an investor looking for your next project this could be a great option for your portfolio.

21. 2025-07-06
    status Pending

    Show marketing remark (643 chars)

    Are you ready for your next project? Fixer upper opportunity to transform this home with solid bones. With a cosmetic rehab this home can be a solid gem. Bring your tool belt, measuring tape and ideas. With vinyl siding and many replaced windows, you can button up the exterior and get right to work on the inside. 3rd bedroom can be made on the main floor with a potential 1/2 - 1 full bath. If back porch and front porch have baseboard heaters installed the home would have 1,422 sq ft and thus the resale value would be $150,000-$160,000. If you are an investor looking for your next project this could be a great option for your portfolio.

22. 2025-06-23
    listed $49,900 Active 643-char remark

    Show marketing remark (643 chars)

    Are you ready for your next project? Fixer upper opportunity to transform this home with solid bones. With a cosmetic rehab this home can be a solid gem. Bring your tool belt, measuring tape and ideas. With vinyl siding and many replaced windows, you can button up the exterior and get right to work on the inside. 3rd bedroom can be made on the main floor with a potential 1/2 - 1 full bath. If back porch and front porch have baseboard heaters installed the home would have 1,422 sq ft and thus the resale value would be $150,000-$160,000. If you are an investor looking for your next project this could be a great option for your portfolio.

23. 2025-06-22
    listed $49,900 Active

    Show marketing remark (643 chars)

    Are you ready for your next project? Fixer upper opportunity to transform this home with solid bones. With a cosmetic rehab this home can be a solid gem. Bring your tool belt, measuring tape and ideas. With vinyl siding and many replaced windows, you can button up the exterior and get right to work on the inside. 3rd bedroom can be made on the main floor with a potential 1/2 - 1 full bath. If back porch and front porch have baseboard heaters installed the home would have 1,422 sq ft and thus the resale value would be $150,000-$160,000. If you are an investor looking for your next project this could be a great option for your portfolio.

24. 1997-10-16
    soldstatus $14,500

ⓘ 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: $643 · $54/mo
• Projected year-2 tax: $789 · $66/mo
• Expected delta: +$147/yr (+$12/mo · 22.8%)

ⓘ 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 3/10 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: $14,196
• − Mortgage interest: −$3,361
• − Property taxes: −$643
• − Insurance: −$300
• − Repairs & maintenance: −$1,136
• − Management: −$1,136
• − Depreciation: −$1,745
• Taxable income: $5,876
• Est. tax owed @ 24.0%: −$1,410
• After-tax cash flow: $5,086/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 County · 33,261 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 19,826
• Household income: $43,819
• Rent vs Own: 47.3% rent · 52.7% own
• Severe rent burden: 950.0

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 (75%)
• Race & ethnicity: White 75% Black 14% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Slovak 1% German 1% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% French/Haitian/Cajun 1% German/W. Germanic 1%

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: ▼ -135.16%
• Current HPI: 258.9037
• Rent YoY: —
• Metro: Springfield, 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

+313.8% since first listed

9 events — show timeline

• 2026-06-15 Price Changed $59,999 Dayton MLS
• 2026-05-04 Listed $65,000 Dayton MLS
• 2025-07-15 Sold (MLS) $40,000 WRIST
• 2025-07-15 Sold (MLS) $40,000 Dayton MLS
• 2025-07-06 Contingent — Dayton MLS
• 2025-07-06 Pending — WRIST
• 2025-06-23 Listed $49,900 Dayton MLS
• 2025-06-22 Listed $49,900 WRIST
• 1997-10-16 Sold (Public Records) $14,500 Public Records

Property tax history

+3.4%/yr

Latest (2025): $643 · +20.7% YoY. Source: county tax records.