668 Highland Ave · Wadsworth, OH 44281

$269,000

3 bd · 1.0 ba · 1,582 sqft · SingleFamily public records · 7 Days on market

Built 1954 0.26 ac lot Est $288k · 7% under

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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 +12.0/30.0
• ARV discount +10.5/15.0
• Schools +6.5/10.0
• Livability +4.1/5.0
• DSCR +3.5/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Charming and beautifully maintained 1954 bungalow offering the perfect blend of original character and modern comfort! Situated on a picturesque . 25-acre lot in the highly desirable Wadsworth City School District, this 3-bedroom, 1 bath home features over 1,500 square feet of living space, plus more than 1,100 square feet of finished basement space for additional living, recreation, or storage needs. Step inside to a spacious oversized living room highlighted by a stunning bay window that fills the home with natural light. The inviting family room features a cozy brick fireplace, creating the perfect gathering space. Original charm shines throughout while cedar-sided exterior adds timeless

Key facts

• Cedar-sided exterior
• Cozy brick fireplace
• Picturesque lot

Tags

• PICTURESQUE LOT
• FINISHED BASEMENT SPACE
• OVERSIZED LIVING ROOM
• BAY WINDOW
• COZY BRICK FIREPLACE
• CEDAR-SIDED EXTERIOR

Property features AI

Exterior

• Parking: Attached garage (1 space); Driveway
• Utilities: Public water; Public sewer
• Home design: Two-story home; Asphalt/fiberglass roof; Brick, cedar and vinyl siding
• Construction: Built (year per public records); Brick, cedar and vinyl-sided construction; Asphalt/fiberglass roof
• Exterior features: Lot approximately 0.258 acres

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Gas heating; Central air conditioning
• Interior features: Full, partially finished basement; Fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $-66 ($-788/yr) — negative.
• To cash-flow at today's rent, offer at most $257k (4.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (23.1% below list).
• Recommended offer: $207k (23.1% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 3.3% in Wadsworth — 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 82/100 on livability (#74 in OH, #1,136 nationally) — a professional / high-income tenant draw. Strengths: schools A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Wadsworth City (suburban): math 74% / reading 77% proficiency, ranked #83 of 656 in OH (top 13%) — strong family-tenant draw, lease renewals of 3-5y typical; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 135 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $96k; list at $269k implies a 179% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $206,982 (23.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1954 — 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. 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?
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: 0.77% ✗
• Cap rate: 6.00%
• Cash-on-cash: -1.05%
• DSCR: 0.95
• GRM: 10.8

CMA / ARV

• ARV (on-the-fly): $287,924
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
681 Highland Ave	0.04mi	3/2.5	1,568 (-1%)	2mo	$330,000	$210	89
729 Woodland Ave	0.13mi	3/3.0	1,604 (+1%)	7mo	$280,000	$175	78
199 Longview Dr	0.34mi	3/1.5	1,640 (+4%)	7mo	$322,000	$196	70
214 Beechwood Dr	0.36mi	4/1.5 (+1)	1,612 (+2%)	4mo	$291,500	$181	69
468 High St	0.39mi	3/1.5	1,450 (-8%)	0mo	$289,750	$200	66
487 West St	0.60mi	3/1.5	1,452 (-8%)	0mo	$275,000	$189	56
555 Highland Ave	0.21mi	4/1.5 (+1)	1,344 (-15%)	5mo	$245,000	$182	54
140 W North St	0.62mi	3/2.0	1,474 (-7%)	6mo	$200,000	$136	50
369 Tulip Trl	0.68mi	3/2.5	1,665 (+5%)	10mo	$300,000	$180	46
352 N Lyman St	0.58mi	3/2.0	1,386 (-12%)	8mo	$232,900	$168	42
357 West St	0.74mi	3/2.0	1,447 (-8%)	7mo	$267,500	$185	41
275 High St	0.74mi	3/1.0	1,392 (-12%)	9mo	$104,000	$75	38

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: -18.1%
• Equity multiple: 0.36×
• Total profit: $-47,838
• Equity at exit: $40,109

10-year hold

• IRR: -10.3%
• Equity multiple: 0.37×
• Total profit: $-47,310
• Equity at exit: $23,258

Cash invested: $75,320 (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 44281

• Active inventory: 135
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,070 high
• Mortgage (P&I): −$1,411
• Tax from tax record: −$178 /mo · $2,137/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $-66

Break-even live

Break-even rent $2,153

Max offer price $257,399

Occupancy floor 98%

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
893 West St Wadsworth, OH	3.0	2.5	1742	$2,600	$1.49	1d	1	0.26mi
276 Acacia Ln Wadsworth, OH	2.0	2.0	1318	$1,990	$1.51	1d	6	0.85mi
1335 High St Apt 114 Wadsworth, OH	2.0	2.5	1077	$1,425	$1.32	14d	1	1.06mi
1353 High St Unit 114 Wadsworth, OH	2.0	2.5	1077	$1,425	$1.32	43d	1	1.06mi
1291 High St #101 Wadsworth, OH	2.0	2.5	1077	$1,405	$1.30	2d	1	1.10mi
1390 Reimer Rd Unit B Wadsworth, OH	3.0	1.5	1400	$1,525	$1.09	19d	1	1.13mi
1315 High St Unit 114 Wadsworth, OH	2.0	2.5	1077	$1,425	$1.32	43d	1	1.16mi
172 1st St Wadsworth, OH	2.0	2.0	1150	$1,950	$1.70	20d	1	1.28mi

Listing history 5 events

1. 2026-06-13
   statusdays on market $269,000 Pending 7 DOM
2. 2026-06-09
   days on market $269,000 Active 4 DOM
3. 2026-06-08
   days on market $269,000 Active 3 DOM
4. 2026-06-07
   remarks 699-char remark
5. 2026-06-07
   listed $269,000 Active 2 DOM

ⓘ 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: $2,137 · $178/mo
• Projected year-2 tax: $3,167 · $264/mo
• Expected delta: +$1,030/yr (+$86/mo · 48.2%)

ⓘ 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 2/10 Low 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,838
• − Mortgage interest: −$15,068
• − Property taxes: −$2,137
• − Insurance: −$1,345
• − Repairs & maintenance: −$1,987
• − Management: −$1,987
• − Depreciation: −$7,825
• Taxable loss: −$5,512
• Est. tax savings @ 24.0%: +$1,323
• After-tax cash flow: $535/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: Wadsworth City
• NCES district ID: 3910029
• Math proficiency: 74% ▼ -8.00%
• Reading proficiency: 77% ▼ -6.00%
• Median HH income: $62,397
• Composite: 65.1/100
• National rank: #499
• State rank: #83 of 656 in OH

Livability — Wadsworth

• Score: 82/100
• State rank: #74
• US rank: #1136

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wadsworth, OH
• County: Medina County · 145,517 people
• City population: 34,704
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 34,704
• Household income: $89,131
• Rent vs Own: 25.8% rent · 74.2% own
• Severe rent burden: 597.0

Population outlook (Medina County) Hauer SSP2

• Today (2025): 185,249 people
• By 2030: 188,174 · +1.6%
• By 2040: 190,350 · +2.8%
• By 2050: 187,283 · +1.1%
• By 2075: 177,108 · -4.4%
• By 2100: 151,304 · -18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 1% Asian 1%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1% Other Asian/Pacific 0%

Political lean MEDSL · Medina

• 2024 margin: Strong R (+24.8) · D 37.2% · R 62.0%
• 2008→2024 swing: -16.8pp toward R · 2008: -8.0pp · 2024: -24.8pp
• All cycles: 2024: R+24.8 2020: R+23.4 2016: R+24.9 2012: R+13.1 2008: R+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -148.82%
• Current HPI: 253.1502
• Rent YoY: —
• Metro: Cleveland-Elyria, 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

+178.9% since first listed

2 events — show timeline

• 2026-06-05 Listed $269,000 MLSNOW
• 1993-12-10 Sold (Public Records) $96,450 Public Records

Property tax history

+3.8%/yr

Latest (2025): $2,137 · +1.5% YoY. Source: county tax records.