216 Pike St · Sidney, OH 45365

$59,000

3 bd · 1.0 ba · 1,404 sqft · SingleFamily public records · 2 Days on market

Built 1900 4,791 sqft lot

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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 +7.5/15.0
• Schools +4.2/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a Fannie Mae property you may be able to purchase this property for as little as 3% down. This property is approved for Home Path Renovation Mortgage financing. Not your normal REO. Better condition than most. Proof of funds is required with all contracts. Earnest money of 1K. Property sold as is. Rely on own inspections. If offer is accepted please read all Fannie Mae addendum's that you receive. Lead paint disclosure is attached.

Key facts

• 4,791 sq ft lot
• 2 garage spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $59k.

Deal economics

• At list price, monthly cash flow is $517 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $59k).
• Cap rate 16.8% vs local median 4.1% in Sidney — 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 76/100 on livability (#220 in OH, #3,412 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, employment C-, amenities D.
• Sidney City (town): math 46% / reading 52% proficiency, ranked #454 of 656 in OH (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 145 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 337 units permitted in Shelby County in 2024 (216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $408 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Shelby County population projected at -18% 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 16y ago; this cycle's ask has dropped $16k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $59k implies a 195% 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 $59,000

Questions for the listing agent

1. Built in 1900 — 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. 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: 2.01% ✓
• Cap rate: 16.81%
• Cash-on-cash: 37.56%
• DSCR: 2.67
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $162,864
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
808 N Main Ave	0.24mi	3/1.5	1,476 (+5%)	1mo	$160,000	$108	78
544 Michigan St	0.41mi	3/1.0	1,456 (+4%)	0mo	$145,000	$100	74
115 W Bennett St	0.42mi	3/1.0	1,320 (-6%)	2mo	$169,900	$129	69
430 New St	0.69mi	3/1.5	1,440 (+3%)	1mo	$202,900	$141	60
1314 N Main Ave	0.57mi	3/1.0	1,488 (+6%)	6mo	$135,000	$91	59
614 Michigan St	0.44mi	4/2.0 (+1)	1,305 (-7%)	4mo	$185,000	$142	56
804 N Miami Ave	0.31mi	3/1.5	1,606 (+14%)	5mo	$200,000	$125	55
413 E Poplar St	0.63mi	3/1.0	1,283 (-9%)	5mo	$130,000	$101	52
402 New St	0.66mi	4/1.0 (+1)	1,488 (+6%)	3mo	$173,000	$116	52
108 E Russell Rd	0.71mi	4/1.5 (+1)	1,535 (+9%)	1mo	$255,000	$166	43
220 S Franklin	0.60mi	2/1.5 (-1)	1,596 (+14%)	1mo	$42,000	$26	42
717 Taft St	0.74mi	3/1.0	1,571 (+12%)	5mo	$150,000	$95	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: 33.5%
• Equity multiple: 2.42×
• Total profit: $23,394
• Equity at exit: $8,797

10-year hold

• IRR: 40.5%
• Equity multiple: 4.81×
• Total profit: $62,875
• Equity at exit: $5,101

Cash invested: $16,520 (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 45365

• Home prices YoY: -20.1%
• Active inventory: 145
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,186 high
• Mortgage (P&I): −$309
• Tax from tax record: −$86 /mo · $1,029/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $517

Break-even live

Break-even rent $531

Max offer price $59,000

Occupancy floor 51%

Sensitivity live

Price	-10% $550	-5% $534	+0% $517	+5% $500	+10% $484
Rent	-10% $423	-5% $470	+0% $517	+5% $564	+10% $611
Rate	-1.0pp $547	-0.5pp $532	base $517	+0.5pp $502	+1.0pp $486

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: $14,750
• Closing costs: $1,770
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1402 N Main Ave Sidney, OH	3.0	1.0	1544	$1,300	$0.84	13d	1	0.62mi
776 Country Side Ln Sidney, OH	3.0	1.0	1001	$994	$0.99	3d	1	0.66mi
314 Thompson St Sidney, OH	3.0	1.0	1352	$1,200	$0.89	3d	1	0.86mi
751 Campbell Rd Sidney, OH	2.0	1.0	980	$1,100	$1.12	3d	1	0.95mi
803 S Main Ave Sidney, OH	2.0	1.0	1104	$1,030	$0.93	3d	1	1.02mi
803 S Main Ave Sidney, OH	2.0	1.0	1104	$1,100	$1.00	44d	1	1.02mi
805 S Main Ave Sidney, OH	3.0	1.0	1423	$1,400	$0.98	22d	1	1.02mi
1146 Morris Ave Sidney, OH	3.0	1.0	1154	$1,300	$1.13	3d	1	1.43mi

Listing history 21 events

1. 2026-06-18
   days on market $59,000 Active 2 DOM
2. 2026-06-16
   pricedays on marketlisting id $59,000 Active 1 DOM
3. 2026-06-15
   days on market $75,000 Active 20 DOM
4. 2026-06-14
   days on market $75,000 Active 18 DOM
5. 2026-06-13
   days on market $75,000 Active 17 DOM
6. 2026-06-10
   days on market $75,000 Active 15 DOM
7. 2026-06-09
   days on market $75,000 Active 14 DOM
8. 2026-06-08
   days on market $75,000 Active 13 DOM
9. 2026-06-07
   days on market $75,000 Active 12 DOM
10. 2026-06-03
    days on market $75,000 Active 8 DOM
11. 2026-06-02
    days on market $75,000 Active 7 DOM
12. 2026-06-01
    days on market $75,000 Active 6 DOM
13. 2026-05-31
    days on market $75,000 Active 5 DOM
14. 2026-05-31
    days on market $75,000 Active 4 DOM
15. 2026-05-26
    listed $75,000 Active
16. 2010-02-16
    soldstatus $20,000 443-char remark

    Show marketing remark (495 chars)

    This is a Fannie Mae property you may be able to purchase this property for as little as 3% down. This property is approved for Home Path Renovation Mortgage financing. Not your normal REO. Better condition than most. Proof of funds is required with all contracts. Earnest money of 1K. Property sold as is. Rely on own inspections. If offer is accepted please read all Fannie Mae addendum's that you receive. $1,000.00 commission to selling agent. Lead paint disclosure is in attached documents.

17. 2010-02-16
    soldstatus $20,000 495-char remark

    Show marketing remark (495 chars)

    This is a Fannie Mae property you may be able to purchase this property for as little as 3% down. This property is approved for Home Path Renovation Mortgage financing. Not your normal REO. Better condition than most. Proof of funds is required with all contracts. Earnest money of 1K. Property sold as is. Rely on own inspections. If offer is accepted please read all Fannie Mae addendum's that you receive. $1,000.00 commission to selling agent. Lead paint disclosure is in attached documents.

18. 2010-02-16
    soldstatus $20,000 Closed 495-char remark

    Show marketing remark (495 chars)

    This is a Fannie Mae property you may be able to purchase this property for as little as 3% down. This property is approved for Home Path Renovation Mortgage financing. Not your normal REO. Better condition than most. Proof of funds is required with all contracts. Earnest money of 1K. Property sold as is. Rely on own inspections. If offer is accepted please read all Fannie Mae addendum's that you receive. $1,000.00 commission to selling agent. Lead paint disclosure is in attached documents.

19. 2010-01-14
    listed $30,000 443-char remark

    Show marketing remark (495 chars)

    This is a Fannie Mae property you may be able to purchase this property for as little as 3% down. This property is approved for Home Path Renovation Mortgage financing. Not your normal REO. Better condition than most. Proof of funds is required with all contracts. Earnest money of 1K. Property sold as is. Rely on own inspections. If offer is accepted please read all Fannie Mae addendum's that you receive. $1,000.00 commission to selling agent. Lead paint disclosure is in attached documents.

20. 2010-01-14
    listed $30,000 495-char remark

    Show marketing remark (495 chars)

    This is a Fannie Mae property you may be able to purchase this property for as little as 3% down. This property is approved for Home Path Renovation Mortgage financing. Not your normal REO. Better condition than most. Proof of funds is required with all contracts. Earnest money of 1K. Property sold as is. Rely on own inspections. If offer is accepted please read all Fannie Mae addendum's that you receive. $1,000.00 commission to selling agent. Lead paint disclosure is in attached documents.

21. 1991-04-01
    soldstatus $30,000

ⓘ 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: $1,029 · $86/mo
• Projected year-2 tax: $1,029 · $86/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 · 18 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: $14,230
• − Mortgage interest: −$3,305
• − Property taxes: −$1,029
• − Insurance: −$295
• − Repairs & maintenance: −$1,138
• − Management: −$1,138
• − Depreciation: −$1,716
• Taxable income: $5,607
• Est. tax owed @ 24.0%: −$1,346
• After-tax cash flow: $4,858/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: Sidney City
• NCES district ID: 3910003
• Math proficiency: 46% ▼ -14.00%
• Reading proficiency: 52% ▼ -6.00%
• Median HH income: $45,974
• Composite: 41.55/100
• National rank: #3443
• State rank: #454 of 656 in OH

Livability — Sidney

• Score: 76/100
• State rank: #220
• US rank: #3412

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sidney, OH
• County: Shelby · 44,840 people
• City population: 28,955
• Population (ZIP): 28,955
• Household income: $66,044
• Rent vs Own: 31.8% rent · 68.2% own
• Severe rent burden: 5.7

Population outlook (Shelby County) Hauer SSP2

• Today (2025): 47,264 people
• By 2030: 45,935 · -2.8%
• By 2040: 42,786 · -9.5%
• By 2050: 38,981 · -17.5%
• By 2075: 30,225 · -36.1%
• By 2100: 21,273 · -55.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Black 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 3% Slovak 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Shelby

• 2024 margin: Solid R (+64.8) · D 17.2% · R 82.0%
• 2008→2024 swing: -28.5pp toward R · 2008: -36.4pp · 2024: -64.8pp
• All cycles: 2024: R+64.8 2020: R+63.2 2016: R+60.6 2012: R+46.0 2008: R+36.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -66.62%
• Current HPI: 264.4532
• 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

+150.0% since first listed

7 events — show timeline

• 2026-05-26 Listed $75,000 FSBO.com
• 2010-02-16 Sold (MLS) $20,000 Dayton MLS
• 2010-02-16 Sold (MLS) $20,000 Dayton MLS
• 2010-02-16 Sold (MLS) $20,000 WRIST
• 2010-01-14 Listed $30,000 Dayton MLS
• 2010-01-14 Listed $30,000 WRIST
• 1991-04-01 Sold (Public Records) $30,000 Public Records

Property tax history

+2.6%/yr

Latest (2025): $1,029 · -1.4% YoY. Source: county tax records.