2157 Nevada St · Toledo, OH 43605

$69,900

3 bd · 1.0 ba · 925 sqft · SingleFamily public records · 72 Days on market

Built 1961 4,800 sqft lot $76/sqft · at area comps Est $72k · at est.

---

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 +8.6/15.0
• 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

Excellent Opportunity! This 3-bedroom, 1-bath house could make a great home or investment property. Features include a spacious living room with a picture window, large primary bedroom, and convenient main floor laundry. The eat-in kitchen offers a sliding glass door leading to the fenced-in yard, perfect for cookouts, pets, or just entertaining. Additional highlights include a detached 1-car garage with a chicken coop. Located on a dead-end street and just minutes from Skyway Recreation Center, plenty of shopping, and downtown Toledo. With some TLC, this home can truly shine.

Key facts

• Sliding glass door
• Eat-in kitchen
• Fenced-in yard

Tags

• SPACIOUS LIVING ROOM
• EAT-IN KITCHEN
• SLIDING GLASS DOOR
• FENCED-IN YARD
• DETACHED GARAGE
• CHICKEN COOP

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $351 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 7.5% 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); 119 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• This rent runs 34% 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 $483 of loan paydown is wiped out by about $2k 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 $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 8% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $52k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.57% ✓
• Cap rate: 12.32%
• Cash-on-cash: 21.52%
• DSCR: 1.96
• GRM: 5.3

CMA / ARV

• ARV (median comp): $71,710
• List price: $69,900
• Delta: -2.52%
• 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
616 Spring Grove Ave	0.53mi	3/1.0	920 (-0%)	6mo	$36,000	$39	70
651 Dearborn Ave	0.41mi	2/1.0 (-1)	858 (-7%)	1mo	$41,000	$48	63
2252 Digby St	0.55mi	3/1.0	864 (-7%)	1mo	$49,475	$57	62
932 Cresceus Rd	0.43mi	2/1.0 (-1)	983 (+6%)	4mo	$118,000	$120	61
1706 Nevada St	0.51mi	3/1.0	968 (+5%)	10mo	$30,000	$31	60
1915 Navarre Ave	0.39mi	2/1.0 (-1)	872 (-6%)	10mo	$65,000	$75	59
2325 Wilkes Rd	0.39mi	2/1.0 (-1)	844 (-9%)	5mo	$123,750	$147	58
636 White St	0.72mi	3/1.0	912 (-1%)	8mo	$52,000	$57	58
463 Howland Ave	0.44mi	3/1.0	1,027 (+11%)	4mo	$65,000	$63	58
1060 Patchen Rd	0.56mi	2/1.0 (-1)	968 (+5%)	9mo	$32,000	$33	54
2649 Luverne Ave	0.64mi	2/1.0 (-1)	1,023 (+11%)	4mo	$185,500	$181	44
318 Heffner St	0.48mi	2/1.0 (-1)	798 (-14%)	10mo	$72,500	$91	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 · 5.37% rent growth · sell at horizon

5-year hold

• IRR: 16.9%
• Equity multiple: 1.70×
• Total profit: $13,739
• Equity at exit: $10,422

10-year hold

• IRR: 27.1%
• Equity multiple: 3.68×
• Total profit: $52,418
• Equity at exit: $6,044

Cash invested: $19,572 (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: 119
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,096 high
• Mortgage (P&I): −$367
• Tax from tax record: −$119 /mo · $1,428/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $351

Break-even live

Break-even rent $652

Max offer price $69,900

Occupancy floor 63%

Sensitivity live

Price	-10% $391	-5% $371	+0% $351	+5% $331	+10% $311
Rent	-10% $264	-5% $308	+0% $351	+5% $394	+10% $438
Rate	-1.0pp $386	-0.5pp $369	base $351	+0.5pp $333	+1.0pp $314

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
722 Coyne Ave Toledo, OH	2.0	1.0	900	$1,000	$1.11	15d	1	0.08mi
732 Coyne Ave Toledo, OH	3.0	1.0	968	$1,145	$1.18	15d	1	0.10mi
2074 Starr Ave Toledo, OH	3.0	1.0	1115	$1,025	$0.92	24d	1	0.36mi
571 Howland Ave Toledo, OH	2.0	1.0	874	$875	$1.00	45d	1	0.41mi
508 Howland Ave Toledo, OH	3.0	1.0	840	$1,000	$1.19	45d	1	0.46mi
557 Valleywood Dr Toledo, OH	3.0	1.0	848	$1,100	$1.30	45d	1	0.60mi
948 White St Toledo, OH	3.0	1.0	1024	$1,135	$1.11	15d	1	0.78mi
724 Plymouth St Toledo, OH	2.0	1.0	819	$750	$0.92	45d	1	0.81mi
1103 S Wheeling St Oregon, OH	2.0	1.0	825	$1,049	$1.27	45d	1	0.84mi
223 Valleywood Dr Toledo, OH	2.0	1.0	1098	$1,099	$1.00	24d	1	0.84mi
1123 Nevada St Toledo, OH	2.0	1.0	792	$900	$1.14	15d	1	0.86mi
653 Oswald St Toledo, OH	2.0	1.0	920	$800	$0.87	45d	1	1.07mi
2750 Pickle Rd Oregon, OH	2.0	1.0	800	$953	$1.19	15d	1	1.08mi
2750 Pickle Rd Oregon, OH	2.0	1.0	800	$1,434	$1.79	24d	1	1.08mi
1205 Liberty St Unit NA Toledo, OH	3.0	1.0	864	$1,195	$1.38	45d	1	1.09mi
251 Graham St Apt A Toledo, OH	2.0	1.0	625	$850	$1.36	45d	1	1.14mi
221 Licking St Unit 2 Toledo, OH	3.0	1.0	1048	$1,099	$1.05	24d	1	1.19mi
2337 Burnside Ave Oregon, OH	2.0	1.0	1025	$1,150	$1.12	15d	1	1.23mi
2401 Burnside Ave Oregon, OH	2.0	1.0	1025	$1,150	$1.12	15d	1	1.24mi
1305 Mott Ave Toledo, OH	3.0	1.0	1080	$1,000	$0.93	45d	1	1.25mi
21 Magyar St Toledo, OH	2.0	1.0	680	$1,050	$1.54	45d	1	1.27mi
1537 Carlyle St Toledo, OH	2.0	1.0	800	$800	$1.00	24d	1	1.30mi
128 Carbon St Toledo, OH	3.0	1.0	1113	$1,200	$1.08	24d	1	1.32mi
1848 Genesee St Toledo, OH	3.0	1.0	1069	$1,300	$1.22	24d	1	1.34mi
1848 Genesee St Toledo, OH	3.0	1.0	1069	$1,200	$1.12	45d	1	1.34mi
946 Butler St Toledo, OH	2.0	1.0	944	$650	$0.69	45d	1	1.36mi
470 2nd St Unit 1 Toledo, OH	2.0	1.0	950	$799	$0.84	45d	1	1.45mi
834 Oak St Toledo, OH	3.0	1.0	1064	$900	$0.85	45d	1	1.50mi

Listing history 23 events

1. 2026-06-21
   days on market $69,900 Active 72 DOM
2. 2026-06-18
   days on market $69,900 Active 69 DOM
3. 2026-06-17
   days on market $69,900 Active 68 DOM
4. 2026-06-16
   days on market $69,900 Active 67 DOM
5. 2026-06-15
   days on market $69,900 Active 66 DOM
6. 2026-06-14
   days on market $69,900 Active 64 DOM
7. 2026-06-10
   days on market $69,900 Active 61 DOM
8. 2026-06-09
   days on market $69,900 Active 60 DOM
9. 2026-06-08
   days on market $69,900 Active 59 DOM
10. 2026-06-07
    days on market $69,900 Active 58 DOM
11. 2026-06-05
    days on market $69,900 Active 55 DOM
12. 2026-06-03
    days on market $69,900 Active 54 DOM
13. 2026-06-02
    days on market $69,900 Active 53 DOM
14. 2026-06-01
    days on market $69,900 Active 52 DOM
15. 2026-05-31
    days on market $69,900 Active 51 DOM
16. 2026-05-30
    days on market $69,900 Active 50 DOM
17. 2026-04-15
    price $69,900 583-char remark

    Show marketing remark (583 chars)

    Excellent Opportunity! This 3-bedroom, 1-bath house could make a great home or investment property. Features include a spacious living room with a picture window, large primary bedroom, and convenient main floor laundry. The eat-in kitchen offers a sliding glass door leading to the fenced-in yard, perfect for cookouts, pets, or just entertaining. Additional highlights include a detached 1-car garage with a chicken coop. Located on a dead-end street and just minutes from Skyway Recreation Center, plenty of shopping, and downtown Toledo. With some TLC, this home can truly shine.

18. 2026-04-10
    listed $64,900 Active 583-char remark

    Show marketing remark (583 chars)

    Excellent Opportunity! This 3-bedroom, 1-bath house could make a great home or investment property. Features include a spacious living room with a picture window, large primary bedroom, and convenient main floor laundry. The eat-in kitchen offers a sliding glass door leading to the fenced-in yard, perfect for cookouts, pets, or just entertaining. Additional highlights include a detached 1-car garage with a chicken coop. Located on a dead-end street and just minutes from Skyway Recreation Center, plenty of shopping, and downtown Toledo. With some TLC, this home can truly shine.

19. 2025-09-05
    soldstatus $52,000
20. 2025-08-22
    soldstatus $64,900 Closed 548-char remark

    Show marketing remark (548 chars)

    Spacious 3-bedroom home in East Toledo with endless potential! Features a large open-concept kitchen perfect for gatherings, oversized bedrooms offering plenty of comfort, and central air throughout for year-round comfort. Includes a one-car detached garage. The home still contains items left by the previous tenant and is being sold as-is. With a little paint and some TLC, this unique property can truly shine again. Whether you’re looking for an investment opportunity or space to grow, this house offers incredible value and versatility.

21. 2025-07-15
    status Pending 548-char remark

    Show marketing remark (548 chars)

    Spacious 3-bedroom home in East Toledo with endless potential! Features a large open-concept kitchen perfect for gatherings, oversized bedrooms offering plenty of comfort, and central air throughout for year-round comfort. Includes a one-car detached garage. The home still contains items left by the previous tenant and is being sold as-is. With a little paint and some TLC, this unique property can truly shine again. Whether you’re looking for an investment opportunity or space to grow, this house offers incredible value and versatility.

22. 2025-05-23
    historical Contingent 548-char remark

    Show marketing remark (548 chars)

    Spacious 3-bedroom home in East Toledo with endless potential! Features a large open-concept kitchen perfect for gatherings, oversized bedrooms offering plenty of comfort, and central air throughout for year-round comfort. Includes a one-car detached garage. The home still contains items left by the previous tenant and is being sold as-is. With a little paint and some TLC, this unique property can truly shine again. Whether you’re looking for an investment opportunity or space to grow, this house offers incredible value and versatility.

23. 2025-05-16
    listed $64,900 Active 548-char remark

    Show marketing remark (548 chars)

    Spacious 3-bedroom home in East Toledo with endless potential! Features a large open-concept kitchen perfect for gatherings, oversized bedrooms offering plenty of comfort, and central air throughout for year-round comfort. Includes a one-car detached garage. The home still contains items left by the previous tenant and is being sold as-is. With a little paint and some TLC, this unique property can truly shine again. Whether you’re looking for an investment opportunity or space to grow, this house offers incredible value and versatility.

ⓘ 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: $1,428 · $119/mo
• Projected year-2 tax: $1,428 · $119/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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,150
• − Mortgage interest: −$3,915
• − Property taxes: −$1,428
• − Insurance: −$350
• − Repairs & maintenance: −$1,052
• − Management: −$1,052
• − Depreciation: −$2,033
• Taxable income: $3,319
• Est. tax owed @ 24.0%: −$797
• After-tax cash flow: $3,415/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

+7.7% since first listed

7 events — show timeline

• 2026-04-15 Price Changed $69,900 NORIS
• 2026-04-10 Listed $64,900 NORIS
• 2025-09-05 Sold (Public Records) $52,000 Public Records
• 2025-08-22 Sold (MLS) $64,900 NORIS
• 2025-07-15 Pending — NORIS
• 2025-05-23 Contingent — NORIS
• 2025-05-16 Listed $64,900 NORIS

Property tax history

+8.7%/yr

Latest (2025): $1,428 · +0.0% YoY. Source: county tax records.