353 N South St · Wilmington, OH 45177

$354,900

4 bd · 1.5 ba · 2,901 sqft · SingleFamily public records · 48 Days on market

Built 1879 0.26 ac lot $122/sqft · 31% above area Est $272k · 31% over

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Why this score? — see what drove the C+ 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
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Schools +3.9/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this stunning Victorian beauty across from Galvin Park & the library. With nearly 3000 square feet and FIVE spacious bedrooms, this home is very family friendly. The updated kitchen boasts gorgeous cherry cabinets, double oven and gas cooktop. Primary bedroom with en suite is conveniently located downstairs. Two separate staircases lead to the other four bedrooms and another full bath. Many updates have been made in the last few years including new picket fencing & deck in 2023, Hardie Board siding 2020, metal & rubber roof with 15 yr transferable warranty & garage roof 2022, water heater and new exterior city lines 2018. Enjoy summertime fun with family & friends while sitting in your screened porch or on your new deck, while the kids play in the fenced generous backyard, or take a quick stroll across the street to the park. So much to love! Schedule your tour today!

Key facts

• Screened-in porch
• New hvac
• Newer rubber roofing

Tags

• REFINISHED HARDWOOD FLOORS
• NEW HVAC
• NEW WATER HEATER
• NEWER METAL ROOFING
• NEWER RUBBER ROOFING
• SCREENED-IN PORCH

Property features AI

Finance

• Other: Residential zoning; Lot is less than 0.5 acre (.2617 acres)
• HOA & community: No HOA

Exterior

• Parking: Detached garage (rear); Detached carport (rear); Driveway
• Security: Security system (smart technology); Doors/locks included
• Utilities: Public water; Public sewer; Natural gas
• Home design: Victorian architectural style; Single family home; Two levels; Stone foundation; Smart technology: door locks, security, thermostat
• Construction: Fiber cement exterior; Metal and shingle roof; Stone foundation; Built with insulated vinyl windows
• Exterior features: Covered deck/patio; Enclosed porch (screened porch); Privacy wood fencing; Access to mailbox and garbage route; Shed on property

Interior

• Kitchen: Solid surface counters; Eat-in kitchen; Tile flooring in kitchen; Walkout access from kitchen; Gourmet kitchen with island; Wood cabinets; Dishwasher; Gas cooktop; Double oven; Microwave; Oven/range; Garbage disposal; Refrigerator
• Bedrooms: Primary bedroom on level 1 (15 x 14); Bedroom 2 on level 2 (15 x 12); Bedroom 3 on level 2 (19 x 12); Bedroom 4 on level 2 (17 x 11); Bedroom 5 on level 2 (14 x 10); Total of 5 bedrooms
• Flooring: Wood floors in dining room and great room; Wall-to-wall carpet in living room; Tile floor in kitchen
• Bathrooms: Two full bathrooms; One full bathroom on level 1; One full bathroom on level 2
• Heating & cooling: Gas heating; Central air; Gas water heating
• Interior features: Natural woodwork; Ceiling fan; Smoke alarm; Attic storage; Cable
• Laundry & utility: Washer; Dryer; 220 volt service

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $355k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $355k).
• Recommended offer: $344k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 6.2% in Wilmington — 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 77/100 on livability (#202 in OH, #3,127 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities D, commute F.
• Wilmington City (town): math 42% / reading 51% proficiency, ranked #492 of 656 in OH (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 107 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 119 units permitted in Clinton County in 2024 (0 in 5+ unit buildings).
• At $4,500/mo this rent would consume 77% of the median local household income ($70k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Clinton County population projected at -12% 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 $99k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($344k) is reasonable based on typical stale-listing flexibility.
• 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.
• Current owner paid $270k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1879 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $344,253 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1879 — 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. 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.
5. 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.
6. 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: 1.27% ✓
• Cap rate: 10.77%
• Cash-on-cash: 16.00%
• DSCR: 1.71
• GRM: 6.6

CMA / ARV

• ARV (median comp): $271,524
• List price: $354,900
• Delta: 30.71%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
160 Columbus St	0.26mi	4/1.5	2,962 (+2%)	9mo	$175,000	$59	77
231 N Spring St	0.19mi	4/2.0	2,860 (-1%)	12mo	$270,000	$94	77
600 Kathryn Dr	0.46mi	4/2.5	2,946 (+2%)	8mo	$330,000	$112	65
357 High St	0.25mi	5/2.5 (+1)	2,775 (-4%)	12mo	$261,310	$94	62
353 Hiatt Ave	0.42mi	3/2.5 (-1)	2,764 (-5%)	4mo	$325,000	$118	60
272 Virginia Cir	0.39mi	3/2.5 (-1)	2,828 (-2%)	21mo	$239,900	$85	51
589 N Mulberry St	0.24mi	3/2.0 (-1)	2,511 (-13%)	15mo	$236,000	$94	47
155 Columbus St	0.23mi	3/2.5 (-1)	2,526 (-13%)	18mo	$202,000	$80	44
440 Douglas St	0.64mi	4/2.0	2,590 (-11%)	20mo	$220,000	$85	33

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: 6.9%
• Equity multiple: 1.27×
• Total profit: $26,819
• Equity at exit: $52,917

10-year hold

• IRR: 16.2%
• Equity multiple: 2.33×
• Total profit: $131,747
• Equity at exit: $30,685

Cash invested: $99,372 (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 45177

• Active inventory: 107
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $4,500 medium
• Mortgage (P&I): −$1,861
• Tax from tax record: −$221 /mo · $2,651/yr
• Insurance: −$148
• HOA: −$0
• Vacancy / Maint / Mgmt: −$945
• Net cashflow: $1,325

Break-even live

Break-even rent $2,823

Max offer price $354,900

Occupancy floor 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: $88,725
• Closing costs: $10,647
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
160 Columbus St Wilmington, OH	4.0	1.5	2962	$4,500	$1.52	2d	1	0.26mi

Listing history 33 events

1. 2026-06-18
   days on market $354,900 Active 48 DOM
2. 2026-06-17
   days on market $354,900 Active 47 DOM
3. 2026-06-16
   days on market $354,900 Active 46 DOM
4. 2026-06-15
   days on market $354,900 Active 45 DOM
5. 2026-06-14
   days on market $354,900 Active 43 DOM
6. 2026-06-10
   days on market $354,900 Active 40 DOM
7. 2026-06-09
   days on market $354,900 Active 39 DOM
8. 2026-06-08
   days on market $354,900 Active 38 DOM
9. 2026-06-07
   days on market $354,900 Active 37 DOM
10. 2026-06-05
    days on market $354,900 Active 34 DOM
11. 2026-06-03
    days on market $354,900 Active 33 DOM
12. 2026-06-02
    pricedays on market $354,900 Active 32 DOM
13. 2026-06-01
    days on market $364,900 Active 31 DOM
14. 2026-05-31
    days on market $364,900 Active 30 DOM
15. 2026-05-31
    days on market $364,900 Active 29 DOM
16. 2026-05-01
    listed $364,900 Active 1022-char remark
17. 2025-07-09
    soldstatus $270,000
18. 2024-09-06
    soldstatus $270,000 Sold 918-char remark

    Show marketing remark (918 chars)

    Welcome home to this stunning Victorian beauty across from Galvin Park & the library. With nearly 3000 square feet and FIVE spacious bedrooms, this home is very family friendly. The updated kitchen boasts gorgeous cherry cabinets, double oven and gas cooktop. Primary bedroom with en suite is conveniently located downstairs. Two separate staircases lead to the other four bedrooms and another full bath. Many updates have been made in the last few years including new picket fencing & deck in 2023, Hardie Board siding 2020, metal & rubber roof with 15 yr transferable warranty & garage roof 2022, water heater and new exterior city lines 2018. Enjoy summertime fun with family & friends while sitting in your screened porch or on your new deck, while the kids play in the fenced generous backyard, or take a quick stroll across the street to the park. So much to love! Schedule your tour today!

19. 2024-08-17
    historical Contingency Pending 918-char remark

    Show marketing remark (918 chars)

    Welcome home to this stunning Victorian beauty across from Galvin Park & the library. With nearly 3000 square feet and FIVE spacious bedrooms, this home is very family friendly. The updated kitchen boasts gorgeous cherry cabinets, double oven and gas cooktop. Primary bedroom with en suite is conveniently located downstairs. Two separate staircases lead to the other four bedrooms and another full bath. Many updates have been made in the last few years including new picket fencing & deck in 2023, Hardie Board siding 2020, metal & rubber roof with 15 yr transferable warranty & garage roof 2022, water heater and new exterior city lines 2018. Enjoy summertime fun with family & friends while sitting in your screened porch or on your new deck, while the kids play in the fenced generous backyard, or take a quick stroll across the street to the park. So much to love! Schedule your tour today!

20. 2024-07-28
    price $280,000 918-char remark

    Show marketing remark (918 chars)

    Welcome home to this stunning Victorian beauty across from Galvin Park & the library. With nearly 3000 square feet and FIVE spacious bedrooms, this home is very family friendly. The updated kitchen boasts gorgeous cherry cabinets, double oven and gas cooktop. Primary bedroom with en suite is conveniently located downstairs. Two separate staircases lead to the other four bedrooms and another full bath. Many updates have been made in the last few years including new picket fencing & deck in 2023, Hardie Board siding 2020, metal & rubber roof with 15 yr transferable warranty & garage roof 2022, water heater and new exterior city lines 2018. Enjoy summertime fun with family & friends while sitting in your screened porch or on your new deck, while the kids play in the fenced generous backyard, or take a quick stroll across the street to the park. So much to love! Schedule your tour today!

21. 2024-06-07
    listed $299,000 Active 918-char remark

    Show marketing remark (918 chars)

    Welcome home to this stunning Victorian beauty across from Galvin Park & the library. With nearly 3000 square feet and FIVE spacious bedrooms, this home is very family friendly. The updated kitchen boasts gorgeous cherry cabinets, double oven and gas cooktop. Primary bedroom with en suite is conveniently located downstairs. Two separate staircases lead to the other four bedrooms and another full bath. Many updates have been made in the last few years including new picket fencing & deck in 2023, Hardie Board siding 2020, metal & rubber roof with 15 yr transferable warranty & garage roof 2022, water heater and new exterior city lines 2018. Enjoy summertime fun with family & friends while sitting in your screened porch or on your new deck, while the kids play in the fenced generous backyard, or take a quick stroll across the street to the park. So much to love! Schedule your tour today!

22. 2011-04-29
    soldstatus $155,000

    Show marketing remark (252 chars)

    This Lovingly Updated 2900+SF Victorian Boasts Spacious Rms,Refin HDWD Flrs,New Appl's,Cherry Cabs&Tons Of Closet Space!W/O To Screened Porch(w/Hot Tub)From Owner's Suite Or Kit.Freshly Painted In&Out.20x20 Gar w/Elec &220.Priv Deck,Carport

23. 2011-04-29
    soldstatus $155,000

    Show marketing remark (252 chars)

    This Lovingly Updated 2900+SF Victorian Boasts Spacious Rms,Refin HDWD Flrs,New Appl's,Cherry Cabs&Tons Of Closet Space!W/O To Screened Porch(w/Hot Tub)From Owner's Suite Or Kit.Freshly Painted In&Out.20x20 Gar w/Elec &220.Priv Deck,Carport

24. 2009-09-01
    listed $150,000

    Show marketing remark (252 chars)

    This Lovingly Updated 2900+SF Victorian Boasts Spacious Rms,Refin HDWD Flrs,New Appl's,Cherry Cabs&Tons Of Closet Space!W/O To Screened Porch(w/Hot Tub)From Owner's Suite Or Kit.Freshly Painted In&Out.20x20 Gar w/Elec &220.Priv Deck,Carport

25. 2009-08-31
    historical
26. 2009-07-02
    listed $179,500
27. 2006-04-13
    soldstatus $165,000
28. 2006-04-03
    soldstatus $165,000
29. 2006-01-05
    listed $165,000
30. 2004-08-01
    historical
31. 2004-04-01
    listed $169,500
32. 1999-12-14
    soldstatus $134,000
33. 1988-10-05
    soldstatus $66,750

ⓘ 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: $2,651 · $221/mo
• Projected year-2 tax: $4,094 · $341/mo
• Expected delta: +$1,443/yr (+$120/mo · 54.4%)

ⓘ 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 4/10 Moderate 7 d/yr ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,000
• − Mortgage interest: −$19,880
• − Property taxes: −$2,651
• − Insurance: −$1,774
• − Repairs & maintenance: −$4,320
• − Management: −$4,320
• − Depreciation: −$10,324
• Taxable income: $10,731
• Est. tax owed @ 24.0%: −$2,575
• After-tax cash flow: $13,326/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: Wilmington City
• NCES district ID: 3904511
• Math proficiency: 42% ▼ -16.00%
• Reading proficiency: 51% ▼ -6.00%
• Median HH income: $43,201
• Composite: 39.2/100
• National rank: #4020
• State rank: #492 of 656 in OH

Livability — Wilmington

• Score: 77/100
• State rank: #202
• US rank: #3127

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wilmington, OH
• County: Clinton · 46,911 people
• Population (ZIP): 22,442
• Household income: $70,483
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 9.5

Population outlook (Clinton County) Hauer SSP2

• Today (2025): 41,352 people
• By 2030: 40,831 · -1.3%
• By 2040: 39,049 · -5.6%
• By 2050: 36,408 · -12.0%
• By 2075: 29,652 · -28.3%
• By 2100: 20,736 · -49.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Black 3% Hispanic / Latino 2% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 97% English-only · Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Clinton

• 2024 margin: Solid R (+54.6) · D 22.3% · R 76.9%
• 2008→2024 swing: -24.3pp toward R · 2008: -30.3pp · 2024: -54.6pp
• All cycles: 2024: R+54.6 2020: R+52.6 2016: R+52.6 2012: R+35.2 2008: R+30.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.35%
• Current HPI: 238.9182
• 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

+431.7% since first listed

19 events — show timeline

• 2026-06-01 Price Changed $354,900 Cincy MLS
• 2026-05-01 Listed $364,900 Cincy MLS
• 2025-07-09 Sold (Public Records) $270,000 Public Records
• 2024-09-06 Sold (MLS) $270,000 Cincy MLS
• 2024-08-17 Contingent — Cincy MLS
• 2024-07-28 Price Changed $280,000 Cincy MLS
• 2024-06-07 Listed $299,000 Cincy MLS
• 2011-04-29 Sold (Public Records) $155,000 Public Records
• 2011-04-29 Sold (MLS) $155,000 Cincy MLS
• 2009-09-01 Listed $150,000 Cincy MLS
• 2009-08-31 Listing Removed — Cincy MLS
• 2009-07-02 Listed $179,500 Cincy MLS
• 2006-04-13 Sold (Public Records) $165,000 Public Records
• 2006-04-03 Sold (MLS) $165,000 Cincy MLS
• 2006-01-05 Listed $165,000 Cincy MLS
• 2004-08-01 Listing Removed — Cincy MLS
• 2004-04-01 Listed $169,500 Cincy MLS
• 1999-12-14 Sold (Public Records) $134,000 Public Records
• 1988-10-05 Sold (Public Records) $66,750 Public Records

Property tax history

+5.4%/yr

Latest (2025): $2,651 · -3.4% YoY. Source: county tax records.