904 S Walnut St · Bucyrus, OH 44820

$112,900

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 64 Days on market

Built 1904 5,662 sqft lot $92/sqft · at area comps Est $164k · 31% 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).

• ARV discount +15.0/15.0
• Cash flow +13.0/30.0
• DSCR +3.9/10.0
• Livability +3.9/5.0
• Schools +3.4/10.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming Two story in Bucyrus. Discover comfort and potential in this well-kept home featuring NEW flooring, paint, upgraded bath and separate hidden man cave or office upstairs. Home has a full kitchen spacious living areas, dry basement and fenced yard. A separate unfinished apartment in rear has lots of potential or great storage or craft building

Key facts

• 5,662 sq ft lot
• Built 1904
• Listed 64 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $113k.

Deal economics

• At list price, monthly cash flow is $-7 ($-83/yr) — negative.
• To cash-flow at today's rent, offer at most $112k (1.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $93k (17.2% below list).
• Recommended offer: $93k (17.2% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 4.4% in Bucyrus — 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 78/100 on livability (#158 in OH, #2,388 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, amenities F, commute F.
• Bucyrus City (town): math 37% / reading 46% proficiency, ranked #537 of 656 in OH (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 81 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 8 units permitted in Crawford County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $781 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Crawford County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $72k; list at $113k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1904 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $93,460 (17.2% 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. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1904 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.83% ✗
• Cap rate: 6.22%
• Cash-on-cash: -0.26%
• DSCR: 0.99
• GRM: 10.1

CMA / ARV

• ARV (median comp): $164,025
• List price: $112,900
• Delta: -31.17%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
427 E Southern Ave	0.24mi	3/1.0	1,213 (-2%)	8mo	$61,000	$50	80
137 Wallace Ave	0.19mi	2/1.0 (-1)	1,254 (+2%)	8mo	$66,001	$53	77
325 W Liberty St	0.43mi	3/1.0	1,222 (-1%)	2mo	$170,000	$139	77
211 W Center St	0.26mi	2/1.0 (-1)	1,288 (+4%)	1mo	$107,000	$83	74
944 Roger St	0.10mi	3/2.0	1,352 (+10%)	1mo	$159,000	$118	74
703 S Poplar St	0.25mi	2/1.0 (-1)	1,272 (+3%)	7mo	$139,900	$110	72
118 E Liberty St	0.31mi	4/1.0 (+1)	1,344 (+9%)	2mo	$132,500	$99	63
221 W Oakwood Ave	0.24mi	3/2.5	1,359 (+10%)	8mo	$205,000	$151	59
134 Wallace Ave	0.16mi	2/2.0 (-1)	1,403 (+14%)	2mo	$168,000	$120	58
603 Kaler Ave	0.44mi	2/1.5 (-1)	1,126 (-9%)	8mo	$118,000	$105	51
444 Woodlawn Ave	0.49mi	3/2.0	1,392 (+13%)	4mo	$98,000	$70	48
112 Iron St	0.70mi	3/2.0	1,352 (+10%)	3mo	$154,550	$114	44

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: -16.7%
• Equity multiple: 0.41×
• Total profit: $-18,740
• Equity at exit: $16,834

10-year hold

• IRR: -8.6%
• Equity multiple: 0.46×
• Total profit: $-16,913
• Equity at exit: $9,762

Cash invested: $31,612 (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 44820

• Home prices YoY: -27.1%
• Active inventory: 81
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $935 medium
• Mortgage (P&I): −$592
• Tax from tax record: −$106 /mo · $1,273/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$196
• Net cashflow: $-7

Break-even live

Break-even rent $943

Max offer price $111,685

Occupancy floor 96%

Sensitivity live

Price	-10% $57	-5% $25	+0% $-7	+5% $-39	+10% $-71
Rent	-10% $-81	-5% $-44	+0% $-7	+5% $30	+10% $67
Rate	-1.0pp $50	-0.5pp $22	base $-7	+0.5pp $-36	+1.0pp $-66

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: $28,225
• Closing costs: $3,387
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
32 Pinewood Bucyrus, OH	1.0–2.0	1.0	720	$945	$1.31	44d	1	0.72mi
100 Heritage Cir Unit 104 Bucyrus, OH	3.0	1.0	950	$925	$0.97	44d	1	0.87mi

Listing history 29 events

1. 2026-06-21
   days on market $112,900 Active 64 DOM
2. 2026-06-18
   days on market $112,900 Active 62 DOM
3. 2026-06-17
   days on market $112,900 Active 61 DOM
4. 2026-06-16
   days on market $112,900 Active 60 DOM
5. 2026-06-15
   days on market $112,900 Active 59 DOM
6. 2026-06-13
   days on market $112,900 Active 57 DOM
7. 2026-06-12
   days on market $112,900 Active 56 DOM
8. 2026-06-09
   remarks 499-char remark
9. 2026-06-09
   pricedays on market $112,900 Active 53 DOM
10. 2026-06-08
    days on market $114,900 Active 52 DOM
11. 2026-06-07
    days on market $114,900 Active 51 DOM
12. 2026-06-05
    days on market $114,900 Active 49 DOM
13. 2026-06-04
    days on market $114,900 Active 47 DOM
14. 2026-06-02
    days on market $114,900 Active 46 DOM
15. 2026-06-01
    days on market $114,900 Active 45 DOM
16. 2026-05-31
    days on market $114,900 Active 44 DOM
17. 2026-05-14
    price $114,900 352-char remark

    Show marketing remark (352 chars)

    Charming Two story in Bucyrus. Discover comfort and potential in this well-kept home featuring NEW flooring, paint, upgraded bath and separate hidden man cave or office upstairs. Home has a full kitchen spacious living areas, dry basement and fenced yard. A separate unfinished apartment in rear has lots of potential or great storage or craft building

18. 2026-04-17
    listed $122,900 Active 352-char remark

    Show marketing remark (352 chars)

    Charming Two story in Bucyrus. Discover comfort and potential in this well-kept home featuring NEW flooring, paint, upgraded bath and separate hidden man cave or office upstairs. Home has a full kitchen spacious living areas, dry basement and fenced yard. A separate unfinished apartment in rear has lots of potential or great storage or craft building

19. 2024-06-06
    soldstatus $72,000
20. 2024-05-10
    soldstatus $72,000 Closed 495-char remark

    Show marketing remark (495 chars)

    MOTIVATED SELLER!!! This 2-story home has lots of character with arched doorways, nice ceiling treatments, a pass-through from the kitchen to the dining room, and a glass slider to the rear deck. There are 2 bedrooms and a full bath upstairs. The rear yard is fenced, and there is a framed building at the rear of the property that is not currently habitable, but it has water and electricity and could be a possible income property if fixed up. Schedule a showing and imagine the possibilities!

21. 2024-05-06
    status Pending 495-char remark

    Show marketing remark (495 chars)

    MOTIVATED SELLER!!! This 2-story home has lots of character with arched doorways, nice ceiling treatments, a pass-through from the kitchen to the dining room, and a glass slider to the rear deck. There are 2 bedrooms and a full bath upstairs. The rear yard is fenced, and there is a framed building at the rear of the property that is not currently habitable, but it has water and electricity and could be a possible income property if fixed up. Schedule a showing and imagine the possibilities!

22. 2024-01-30
    price $70,000 495-char remark

    Show marketing remark (495 chars)

    MOTIVATED SELLER!!! This 2-story home has lots of character with arched doorways, nice ceiling treatments, a pass-through from the kitchen to the dining room, and a glass slider to the rear deck. There are 2 bedrooms and a full bath upstairs. The rear yard is fenced, and there is a framed building at the rear of the property that is not currently habitable, but it has water and electricity and could be a possible income property if fixed up. Schedule a showing and imagine the possibilities!

23. 2023-11-28
    price $80,000 495-char remark

    Show marketing remark (495 chars)

    MOTIVATED SELLER!!! This 2-story home has lots of character with arched doorways, nice ceiling treatments, a pass-through from the kitchen to the dining room, and a glass slider to the rear deck. There are 2 bedrooms and a full bath upstairs. The rear yard is fenced, and there is a framed building at the rear of the property that is not currently habitable, but it has water and electricity and could be a possible income property if fixed up. Schedule a showing and imagine the possibilities!

24. 2023-11-07
    listed $85,000 Active 495-char remark

    Show marketing remark (495 chars)

    MOTIVATED SELLER!!! This 2-story home has lots of character with arched doorways, nice ceiling treatments, a pass-through from the kitchen to the dining room, and a glass slider to the rear deck. There are 2 bedrooms and a full bath upstairs. The rear yard is fenced, and there is a framed building at the rear of the property that is not currently habitable, but it has water and electricity and could be a possible income property if fixed up. Schedule a showing and imagine the possibilities!

25. 2021-09-05
    historical
26. 2021-08-17
    price $74,900
27. 2021-08-14
    listed $79,900 Active
28. 2021-08-10
    historical
29. 1997-10-20
    soldstatus $55,000

ⓘ 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: $1,273 · $106/mo
• Projected year-2 tax: $1,517 · $126/mo
• Expected delta: +$244/yr (+$20/mo · 19.2%)

ⓘ 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 3/10 Moderate 7 d/yr ≥98°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: $11,215
• − Mortgage interest: −$6,324
• − Property taxes: −$1,273
• − Insurance: −$564
• − Repairs & maintenance: −$897
• − Management: −$897
• − Depreciation: −$3,284
• Taxable loss: −$2,026
• Est. tax savings @ 24.0%: +$486
• After-tax cash flow: $404/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: Bucyrus City
• NCES district ID: 3904368
• Math proficiency: 37% ▼ -15.00%
• Reading proficiency: 46% ▼ -5.00%
• Median HH income: $36,819
• Composite: 34.45/100
• National rank: #5196
• State rank: #537 of 656 in OH

Livability — Bucyrus

• Score: 78/100
• State rank: #158
• US rank: #2388

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bucyrus, OH
• County: Crawford · 26,873 people
• City population: 17,265
• Population (ZIP): 17,265
• Household income: $56,942
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 8.2

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 39,421 people
• By 2030: 37,656 · -4.5%
• By 2040: 34,043 · -13.6%
• By 2050: 30,617 · -22.3%
• By 2075: 23,652 · -40.0%
• By 2100: 17,786 · -54.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 2% Asian 1% Black 1%
• Common ancestry: Iranian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Crawford

• 2024 margin: Solid R (+53.0) · D 23.1% · R 76.1%
• 2008→2024 swing: -33.9pp toward R · 2008: -19.0pp · 2024: -53.0pp
• All cycles: 2024: R+53.0 2020: R+50.9 2016: R+46.8 2012: R+22.7 2008: R+19.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.64%
• Current HPI: 176.3548
• 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

+108.9% since first listed

13 events — show timeline

• 2026-05-14 Price Changed $114,900 CBRMLS
• 2026-04-17 Listed $122,900 CBRMLS
• 2024-06-06 Sold (Public Records) $72,000 Public Records
• 2024-05-10 Sold (MLS) $72,000 MARMLS
• 2024-05-06 Pending — MARMLS
• 2024-01-30 Price Changed $70,000 MARMLS
• 2023-11-28 Price Changed $80,000 MARMLS
• 2023-11-07 Listed $85,000 MARMLS
• 2021-09-05 Listing Removed — CBRMLS
• 2021-08-17 Price Changed $74,900 CBRMLS
• 2021-08-14 Listed $79,900 CBRMLS
• 2021-08-10 Coming Soon — CBRMLS
• 1997-10-20 Sold (Public Records) $55,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $1,273 · -1.3% YoY. Source: county tax records.