2319 Dana St · Toledo, OH 43609

$23,900

2 bd · 1.0 ba · 792 sqft · SingleFamily public records · 2 Days on market

Built 1917 4,500 sqft lot

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Why this score? — see what drove the D+ 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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +5.4/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.5/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0

Listing remarks

Charming 2-bedroom, 1-bath home offered at a great price with tons of potential! This property features a screened-in front porch, detached garage, and a functional layout ready for your personal touch. Home does need work, making it a great opportunity for investors, handy buyers, or anyone looking to build equity. Bring your vision and make this one shine!

Key facts

• Functional layout
• Detached garage
• 4,500 sq ft lot

Tags

• SCREENED-IN FRONT PORCH
• DETACHED GARAGE
• FUNCTIONAL LAYOUT

Property features AI

Exterior

• Parking: Detached garage with alley access; Approximately 1.5 garage spaces
• Utilities: Public water; Public sewer (includes storm and sanitary); Electricity connected; Natural gas connected; Cable connected
• Home design: Single-family residence; House with one story; One level entry
• Construction: Aluminum siding; Block foundation
• Exterior features: Front porch; Screened porch; Chain link fencing; Shingle roof

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: Primary bedroom on main level; Second bedroom on main level
• Flooring: Carpet; Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: No interior steps; Basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $24k.

Deal economics

• At list price, monthly cash flow is $634 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $24k).
• Cap rate 38.1% vs local median 7.6% 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-, crime F, commute 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.
• Zoned schools: Arlington Elementary School (math 12% / reading 14%, grade F, #1,429 of 1,584 statewide, top 90%, 327 students, 0% FRL); Bowsher High School (math 23% / reading 45%, grade F, #596 of 781 statewide, top 76%, 1,240 students, 49% FRL) — zoned schools average 25% FRL vs 72% district-wide (47 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+7.8%/yr); 99 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).

Forward outlook

• In year one you build about $344 of equity ($165 loan paydown + $179 appreciation (0.8% local appreciation)).
• Lucas County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (0.8% appreciation + 7.8% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 22y 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.

Risks & watch-outs

• Watch-outs: built in 1917 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $23,900

Questions for the listing agent

1. Built in 1917 — 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. 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?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 4.23% ✓
• Cap rate: 38.12%
• Cash-on-cash: 113.66%
• DSCR: 6.06
• GRM: 2.0

CMA / ARV

• ARV (on-the-fly): $68,904
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2319 Dana St	0.00mi	2/1.0	792 (0%)	1mo	$25,400	$32	99
2309 Dunham St	0.06mi	2/1.0	806 (+2%)	2mo	$90,000	$112	93
139 Kenmore Ave	0.12mi	2/2.0	753 (-5%)	1mo	$40,000	$53	82
2375 Airline Ave	0.14mi	2/1.0	755 (-5%)	9mo	$70,000	$93	78
732 Colima Dr	0.51mi	2/1.0	829 (+5%)	2mo	$126,000	$152	67
769 Colima Dr	0.56mi	2/1.0	768 (-3%)	2mo	$107,500	$140	67
230 Somerset St	0.36mi	2/1.0	864 (+9%)	12mo	$75,000	$87	58
620 Durango Dr	0.47mi	2/1.0	864 (+9%)	12mo	$53,000	$61	53
2713 Stateview Dr	0.68mi	2/1.0	725 (-8%)	10mo	$128,000	$177	46
605 Wright Ave	0.66mi	3/1.0 (+1)	875 (+10%)	9mo	$75,000	$86	39
142 Whiting Ave	0.70mi	2/1.0	696 (-12%)	10mo	$10,000	$14	38
634 Woodsdale Ave	0.72mi	2/1.0	682 (-14%)	12mo	$53,000	$78	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.75% appreciation · 7.8% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.82×
• Total profit: $45,660
• Equity at exit: $7,849

10-year hold

• IRR: —
• Equity multiple: 18.80×
• Total profit: $119,145
• Equity at exit: $10,195

Cash invested: $6,692 (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 43609

• Home prices YoY: 0.3%
• Rents YoY: 7.8%
• Active inventory: 99
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,011 high
• Mortgage (P&I): −$125
• Tax est. 1.5%: −$30 /mo · $358/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $634

Break-even live

Break-even rent $209

Max offer price $23,900

Occupancy floor 32%

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: $5,975
• Closing costs: $717
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2314 Airline Ave Toledo, OH	3.0	1.0	1123	$1,478	$1.32	23d	1	0.12mi
307 Danberry St Toledo, OH	2.0	1.0	988	$950	$0.96	43d	1	0.19mi
581 Colima Dr Toledo, OH	2.0	1.0	900	$1,100	$1.22	14d	1	0.38mi
2820 Airport Hwy Toledo, OH	1.0	1.0	580	$679	$1.17	14d	1	0.58mi
2820 Airport Hwy Toledo, OH	1.0	1.0	580	$679	$1.17	43d	1	0.58mi
2820 Airport Hwy Toledo, OH	1.0	1.0	580	$704	$1.21	23d	1	0.58mi
2044 Arlington Ave Toledo, OH	2.0	1.0	800	$825	$1.03	21d	1	0.75mi
707 Toronto Ave Toledo, OH	1.0	1.0	750	$775	$1.03	23d	1	0.85mi
1734 Arlington Ave Toledo, OH	2.0	1.0	700	$800	$1.14	14d	1	1.02mi
1785 Tecumseh St Toledo, OH	2.0	1.0	930	$900	$0.97	43d	1	1.06mi
538 Nicholas St Unit B Toledo, OH	1.0	1.0	600	$600	$1.00	43d	1	1.09mi
1521 Emma St Unit LABS 1521 Emma St, B 43051619729 Toledo, OH	1.0	1.0	975	$900	$0.92	43d	1	1.12mi
705 Nicholas St Toledo, OH	2.0	1.0	1037	$900	$0.87	43d	1	1.16mi
1418 Colburn St Toledo, OH	3.0	1.0	992	$1,200	$1.21	14d	1	1.30mi
1133 Parkside Blvd Toledo, OH	2.0	1.0	960	$850	$0.89	43d	1	1.32mi
932 Turner Ave Toledo, OH	2.0	1.0	960	$1,295	$1.35	14d	1	1.33mi
1321 Gordon St Toledo, OH	3.0	1.0	1121	$1,050	$0.94	43d	1	1.39mi
3349 Airport Hwy Toledo, OH	1.0–2.0	1.0	791	$885	$1.12	43d	1	1.41mi
3406 Gibraltar Heights Dr Toledo, OH	2.0	1.0–2.0	678	$919	$1.35	14d	14	1.42mi
3310 Arlington Ave Unit 4 Toledo, OH	2.0	1.0	850	$795	$0.94	43d	1	1.44mi
3310 Arlington Ave Unit 8 Toledo, OH	2.0	1.0	850	$850	$1.00	14d	1	1.44mi
3320 Arlington Ave Apt 2 Toledo, OH	2.0	1.0	850	$795	$0.94	23d	1	1.47mi

Listing history 14 events

1. 2026-05-06
   status Pending
2. 2026-05-03
   listed $23,900 Active
3. 2007-07-31
   historical
4. 2007-01-03
   listed $59,000
5. 2006-12-27
   historical
6. 2006-09-27
   listed $68,900
7. 2006-06-21
   historical
8. 2006-04-20
   historical
9. 2006-04-14
   listed
10. 2006-01-05
    listed $54,900
11. 2004-06-08
    historical
12. 2004-05-10
    listed $44,500
13. 1998-03-05
    soldstatus $28,000
14. 1994-09-22
    soldstatus $16,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥101°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: $12,137
• − Mortgage interest: −$1,339
• − Property taxes: −$358
• − Insurance: −$120
• − Repairs & maintenance: −$971
• − Management: −$971
• − Depreciation: −$695
• Taxable income: $7,683
• Est. tax owed @ 24.0%: −$1,844
• After-tax cash flow: $5,762/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): 21,404
• Household income: $42,313
• Rent vs Own: 55.7% rent · 44.3% own
• Severe rent burden: 1603.0

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 0.66)
• Race & ethnicity: White 47% Black 29% Hispanic / Latino 17% Two or more races 9%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Romanian 5% Lithuanian 2% Italian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 92% English-only · Spanish 5% Arabic 1% French/Haitian/Cajun 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: ▲ 0.75%
• Current HPI: 235.2515
• Rent YoY: ▲ 7.80%
• 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

+49.4% since first listed

14 events — show timeline

• 2026-05-06 Pending — NORIS
• 2026-05-03 Listed $23,900 NORIS
• 2007-07-31 Listing Removed — NORIS
• 2007-01-03 Listed $59,000 NORIS
• 2006-12-27 Listing Removed — NORIS
• 2006-09-27 Listed $68,900 NORIS
• 2006-06-21 Listing Removed — NORIS
• 2006-04-20 Listing Removed — NORIS
• 2006-04-14 Listed — NORIS
• 2006-01-05 Listed $54,900 NORIS
• 2004-06-08 Listing Removed — NORIS
• 2004-05-10 Listed $44,500 NORIS
• 1998-03-05 Sold (Public Records) $28,000 Public Records
• 1994-09-22 Sold (Public Records) $16,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,202 · +1.0% YoY. Source: county tax records.