1033 Revere Dr · Bowling Green, OH 43402

$150,000

3 bd · 1.0 ba · 1,200 sqft · SingleFamily public records · 21 Days on market

Built 1980 7,318 sqft lot $125/sqft · 33% below area Est $223k · 33% 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).

• ARV discount +15.0/15.0
• Cash flow +14.6/30.0
• DSCR +4.5/10.0
• Livability +4.5/5.0
• 1% rule +4.2/10.0
• Schools +4.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW LINOLEUM IN KITCHEN,BATH & LAUNDRY. NEW HOT WATER HEATER. NEWER GARBAGE DISPOSAL. NEW SHOWER TUB & SURROUND. NEW DISHWASHER, NEW STORM DOOR.

Key facts

• First floor laundry
• 7,318 sq ft lot
• Garage

Tags

• FIRST FLOOR LAUNDRY
• CRAWL SPACE FOUNDATION

Property features AI

Exterior

• Parking: Attached garage (1 car) on concrete
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer
• Home design: Single-family residence; House with no attached units or common walls; One story
• Construction: Vinyl siding; Crawl space foundation; Shingle roof; Built as a residential single family home
• Exterior features: Rear patio; Level lot; City street frontage; Asphalt road surface

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Kitchen (Main level) — approx. 13 x 8
• Bedrooms: Bedroom (Main level) — approx. 13 x 12; Bedroom (Main level) — approx. 12 x 10; Bedroom (Main level) — approx. 12 x 10
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Storage; 7 total rooms
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $37 ($443/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $138k (8.0% below list).
• Recommended offer: $138k (8.0% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 2.6% in Bowling Green — 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 90/100 on livability (#8 in OH, #71 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: employment F.
• Bowling Green City School District (town): math 40% / reading 58% proficiency, ranked #469 of 656 in OH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Conneaut Elementary School (math 43% / reading 65%, grade C, #829 of 1,584 statewide, top 53%, 419 students, 24% FRL); Bowling Green Middle School (math 41% / reading 53%, grade D+, #451 of 654 statewide, top 70%, 630 students, 32% FRL); Bowling Green High School (math 29% / reading 65%, grade D-, #435 of 781 statewide, top 59%, 807 students, 23% FRL) — zoned schools at 26% FRL track the district average.
• Market conditions: 105 active listings in the ZIP; 493 units permitted in Wood County in 2024 (48 in 5+ unit buildings).
• This rent runs 32% of the median local income ($52k/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 $1k 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 21 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 27y ago 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 $120k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $137,932 (8.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are A-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?
3. 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.
4. 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.
5. 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: 0.92% ✗
• Cap rate: 6.59%
• Cash-on-cash: 1.06%
• DSCR: 1.05
• GRM: 9.1

CMA / ARV

• ARV (median comp): $222,811
• List price: $150,000
• Delta: -32.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1076 Revere Dr	0.10mi	4/1.0 (+1)	1,142 (-5%)	15mo	$132,000	$116	70
932 N Grove St	0.54mi	3/1.0	1,146 (-4%)	9mo	$214,440	$187	59
822 N Main St	0.72mi	3/1.5	1,160 (-3%)	6mo	$163,830	$141	54
134 W Reed Ave	0.68mi	3/1.0	1,296 (+8%)	2mo	$200,000	$154	53
293 W Reed Ave	0.63mi	3/2.0	1,166 (-3%)	11mo	$190,000	$163	53
616 N Grove St	0.69mi	2/1.0 (-1)	1,224 (+2%)	8mo	$100,000	$82	52
1057 Sparrow Ln	0.38mi	3/1.5	1,344 (+12%)	13mo	$250,000	$186	49
2 Greenbrier Ct	0.21mi	2/1.0 (-1)	1,051 (-12%)	20mo	$191,003	$182	48
548 Ketner Dr	0.52mi	3/2.0	1,372 (+14%)	2mo	$285,000	$208	46
632 Flanders Ave	0.55mi	3/1.5	1,300 (+8%)	18mo	$237,500	$183	44
811 N Main St	0.70mi	3/1.5	1,287 (+7%)	22mo	$225,000	$175	35

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: -14.6%
• Equity multiple: 0.48×
• Total profit: $-21,922
• Equity at exit: $22,365

10-year hold

• IRR: -5.9%
• Equity multiple: 0.62×
• Total profit: $-15,933
• Equity at exit: $12,969

Cash invested: $42,000 (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 43402

• Active inventory: 105
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,379 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$204 /mo · $2,443/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$290
• Net cashflow: $37

Break-even live

Break-even rent $1,333

Max offer price $150,000

Occupancy floor 92%

Sensitivity live

Price	-10% $122	-5% $79	+0% $37	+5% $-5	+10% $-48
Rent	-10% $-72	-5% $-18	+0% $37	+5% $91	+10% $146
Rate	-1.0pp $112	-0.5pp $75	base $37	+0.5pp $-2	+1.0pp $-41

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

Listing history 19 events

1. 2026-06-03
   status $150,000 Pending 21 DOM
2. 2026-06-02
   days on market $150,000 Contingent 21 DOM
3. 2026-06-01
   days on market $150,000 Contingent 20 DOM
4. 2026-05-31
   days on market $150,000 Contingent 19 DOM
5. 2026-05-30
   days on market $150,000 Contingent 18 DOM
6. 2026-05-12
   listed $150,000 Active 521-char remark
7. 2025-10-14
   price $111,750 152-char remark

   Show marketing remark (152 chars)

   NEW LINOLEUM IN KITCHEN,BATH & LAUNDRY. NEW HOT WATER HEATER. NEWER GARBAGE DISPOSAL. NEW SHOWER TUB & SURROUND. NEW DISHWASHER, NEW STORM DOOR.

8. 2025-10-13
   price $120,000

   Show marketing remark (348 chars)

   Welcome to Bowling Green Ohio, a great place to call home! Move in condition 1-sty home with fresh paint and neutral decor. Newer furnace and c/a. Newer roof with complete tear off. Open floor plan. Great location with a fabulous back yard. Laundry room. Awesome patio great for entertaining! Nice closet space, don't wait this one will go quick!

9. 2025-10-09
   price $141,000
10. 2015-02-11
    soldstatus $120,000

    Show marketing remark (348 chars)

    Welcome to Bowling Green Ohio, a great place to call home! Move in condition 1-sty home with fresh paint and neutral decor. Newer furnace and c/a. Newer roof with complete tear off. Open floor plan. Great location with a fabulous back yard. Laundry room. Awesome patio great for entertaining! Nice closet space, don't wait this one will go quick!

11. 2015-01-20
    price $124,900

    Show marketing remark (348 chars)

    Welcome to Bowling Green Ohio, a great place to call home! Move in condition 1-sty home with fresh paint and neutral decor. Newer furnace and c/a. Newer roof with complete tear off. Open floor plan. Great location with a fabulous back yard. Laundry room. Awesome patio great for entertaining! Nice closet space, don't wait this one will go quick!

12. 2015-01-19
    listed $124,900

    Show marketing remark (348 chars)

    Welcome to Bowling Green Ohio, a great place to call home! Move in condition 1-sty home with fresh paint and neutral decor. Newer furnace and c/a. Newer roof with complete tear off. Open floor plan. Great location with a fabulous back yard. Laundry room. Awesome patio great for entertaining! Nice closet space, don't wait this one will go quick!

13. 2005-11-01
    soldstatus $141,000
14. 2005-11-01
    soldstatus $141,000
15. 2005-06-23
    listed $144,900
16. 1999-11-19
    soldstatus $111,800
17. 1999-11-18
    soldstatus $111,750 152-char remark

    Show marketing remark (152 chars)

    NEW LINOLEUM IN KITCHEN,BATH & LAUNDRY. NEW HOT WATER HEATER. NEWER GARBAGE DISPOSAL. NEW SHOWER TUB & SURROUND. NEW DISHWASHER, NEW STORM DOOR.

18. 1999-10-26
    listed $113,900 152-char remark

    Show marketing remark (152 chars)

    NEW LINOLEUM IN KITCHEN,BATH & LAUNDRY. NEW HOT WATER HEATER. NEWER GARBAGE DISPOSAL. NEW SHOWER TUB & SURROUND. NEW DISHWASHER, NEW STORM DOOR.

19. 1994-07-20
    soldstatus $82,900

ⓘ 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: $2,443 · $204/mo
• Projected year-2 tax: $2,443 · $204/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 · 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: $16,552
• − Mortgage interest: −$8,402
• − Property taxes: −$2,443
• − Insurance: −$750
• − Repairs & maintenance: −$1,324
• − Management: −$1,324
• − Depreciation: −$4,364
• Taxable loss: −$2,055
• Est. tax savings @ 24.0%: +$493
• After-tax cash flow: $937/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: Bowling Green City School District
• NCES district ID: 3904363
• Math proficiency: 40% ▼ -27.00%
• Reading proficiency: 58% ▼ -10.00%
• Median HH income: $37,785
• Composite: 40.72/100
• National rank: #3661
• State rank: #469 of 656 in OH

Livability — Bowling Green

• Score: 90/100
• State rank: #8
• US rank: #71

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bowling Green, OH
• County: Wood County · 75,163 people
• City population: 31,393
• Metro: Toledo, OH
• Population (ZIP): 31,393
• Household income: $52,426
• Rent vs Own: 56.5% rent · 43.5% own
• Severe rent burden: 2629.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 7% Hispanic / Latino 7% Black 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 8% Lithuanian 4% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% 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: ▼ -132.67%
• Current HPI: 179.1826
• Rent YoY: —
• 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

+80.9% since first listed

17 events — show timeline

• 2026-06-02 Pending — NORIS
• 2026-05-19 Contingent — NORIS
• 2026-05-12 Listed $150,000 NORIS
• 2025-10-14 Price Changed $111,750 NORIS
• 2025-10-13 Price Changed $120,000 NORIS
• 2025-10-09 Price Changed $141,000 NORIS
• 2015-02-11 Sold (MLS) $120,000 NORIS
• 2015-01-20 Price Changed $124,900 NORIS
• 2015-01-19 Listed $124,900 NORIS
• 2005-11-01 Sold (Public Records) $141,000 Public Records
• 2005-11-01 Sold (MLS) $141,000 NORIS
• 2005-10-25 Price Changed $144,900 NORIS
• 2005-06-23 Listed $144,900 NORIS
• 1999-11-19 Sold (Public Records) $111,800 Public Records
• 1999-11-18 Sold (MLS) $111,750 NORIS
• 1999-10-26 Listed $113,900 NORIS
• 1994-07-20 Sold (Public Records) $82,900 Public Records

Property tax history

+3.6%/yr

Latest (2025): $2,443 · +0.1% YoY. Source: county tax records.