115 W Jackson St · Fostoria, OH 44830

$1

3 bd · 1.0 ba · 1,728 sqft · SingleFamily public records · 30 Days on market

Built 1900 0.36 ac lot

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Why this score? — see what drove the F 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 +7.5/15.0
• Livability +3.8/5.0
• Cash flow +3.2/30.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks

Auction May 28th at 6PM - This two-story home offers three bedrooms and one bathroom across more than 1,700 square feet of living space, complete with large basement, hardwood floors, and timeless character throughout. A standout feature is the expansive detached garage at the rear of the property - ideal for multiple vehicles, hobbyists, or workshop use - enhanced by a finished loft above that has previously served as a bright and inspiring art studio. Terms: The property sells with Power of Attorney's Confirmation in AS-IS condition. A $10,000 non-refundable down payment is due auction day with balance due at closing within 40 days. Any inspections desired by the potential buyers are at t

Key facts

• Finished loft
• Art studio
• Detached garage

Tags

• DETACHED GARAGE
• FINISHED LOFT
• ART STUDIO

Property features AI

Finance

• Financial info: Subject to auction and standard listing conditions

Exterior

• Parking: Detached 2-car garage with garage door opener; On-street parking
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Built in 1900; No shared/common walls
• Construction: Block foundation; Built in 1900
• Exterior features: Shed(s) and outbuilding; Block foundation

Interior

• Bedrooms: One main-level bedroom
• Flooring: Wood floors
• Bathrooms: One full bathroom
• Heating & cooling: Forced-air heating; Central air conditioning
• Interior features: Decorative fireplace; Walk-up partial basement; 1,728 total living area; Wood flooring

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $159,278 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $-503 ($-6k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($757 rent vs $1).
• Cap rate 2.5% vs local median 4.4% in Fostoria — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 76/100 on livability (#216 in OH, #3,330 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, commute F, employment D-.
• Fostoria City (town): math 30% / reading 39% proficiency, ranked #566 of 656 in OH (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 44 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 45 units permitted in Seneca County in 2024 (0 in 5+ unit buildings).
• This rent is only 15% of the median local income ($62k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Seneca County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($0) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 238917.1% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

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 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.48% ✗
• Cap rate: 2.51%
• Cash-on-cash: -13.53%
• DSCR: 0.40
• GRM: 17.5

CMA / ARV

• ARV (median comp): $159,278
• List price: $1
• Delta: -100.00%
• 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
160 Elm St	0.19mi	3/1.5	1,706 (-1%)	6mo	$150,000	$88	82
900 Leonard St	0.16mi	3/1.5	1,830 (+6%)	11mo	$157,000	$86	72
825 Cory St	0.28mi	3/1.5	1,680 (-3%)	11mo	$167,900	$100	71
911 N Main St	0.16mi	4/2.5 (+1)	1,855 (+7%)	2mo	$215,000	$116	68
325 Perry St	0.31mi	3/2.0	1,806 (+4%)	8mo	$165,000	$91	67
234 W High St	0.35mi	3/2.0	1,774 (+3%)	10mo	$78,000	$44	67
633 Maple St	0.13mi	3/1.5	1,497 (-13%)	7mo	$158,000	$106	64
211 Summit St	0.17mi	3/1.5	1,516 (-12%)	6mo	$80,000	$53	64
713 N Vine St	0.60mi	3/1.5	1,724 (-0%)	12mo	$210,270	$122	60
652 W Fremont St	0.68mi	3/1.5	1,660 (-4%)	12mo	$144,000	$87	49
509 College Ave	0.70mi	3/1.5	1,582 (-8%)	5mo	$157,500	$100	47
508 Short Elm St	0.56mi	4/1.0 (+1)	1,499 (-13%)	3mo	$155,000	$103	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: -41.7%
• Equity multiple: -0.30×
• Total profit: $-57,816
• Equity at exit: $23,749

10-year hold

• IRR: -70.1%
• Equity multiple: -1.05×
• Total profit: $-91,526
• Equity at exit: $13,771

Cash invested: $44,598 (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 44830

• Home prices YoY: -16.1%
• Active inventory: 44

Monthly cashflow live

• Estimated rent: $757 medium
• Mortgage (P&I): −$835
• Tax est. 1.5%: −$199 /mo · $2,389/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$159
• Net cashflow: $-503

Break-even live

Break-even rent $1,393

Max offer price $86,536

Occupancy floor —

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: $39,820
• Closing costs: $4,778
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
595 Stearns Rd Fostoria, OH	2.0	1.0–1.5	986	$757	$0.77	1d	3	1.04mi

Listing history 1 events

1. 2026-04-28
   listed $1 Active 931-char remark

ⓘ 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 ≥99°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: $9,084
• − Mortgage interest: −$8,922
• − Property taxes: −$2,389
• − Insurance: −$796
• − Repairs & maintenance: −$727
• − Management: −$727
• − Depreciation: −$4,634
• Taxable loss: −$9,111
• Est. tax savings @ 24.0%: +$2,187
• After-tax cash flow: $-3,846/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: Fostoria City
• NCES district ID: 3904399
• Math proficiency: 30% ▼ -21.00%
• Reading proficiency: 39% ▼ -10.00%
• Median HH income: $36,902
• Composite: 28.65/100
• National rank: #6702
• State rank: #566 of 656 in OH

Livability — Fostoria

• Score: 76/100
• State rank: #216
• US rank: #3330

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fostoria, OH
• County: Seneca · 70,739 people
• City population: 18,409
• Population (ZIP): 18,409
• Household income: $61,589
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 9.8

Population outlook (Seneca County) Hauer SSP2

• Today (2025): 54,243 people
• By 2030: 52,947 · -2.4%
• By 2040: 49,842 · -8.1%
• By 2050: 46,689 · -13.9%
• By 2075: 39,889 · -26.5%
• By 2100: 32,155 · -40.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 10% Two or more races 7% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Seneca

• 2024 margin: Solid R (+37.5) · D 30.7% · R 68.2% · Other 1.0%
• 2008→2024 swing: -34.8pp toward R · 2008: -2.7pp · 2024: -37.5pp
• All cycles: 2024: R+37.5 2020: R+34.2 2016: R+31.2 2012: R+8.4 2008: R+2.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.93%
• Current HPI: 224.2583
• 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

3 events — show timeline

• 2026-06-18 Sold (MLS) $105,000 CBRMLS
• 2026-05-29 Pending — CBRMLS
• 2026-04-28 Listed $1 CBRMLS

Property tax history

+3.6%/yr

Latest (2025): $1,363 · -6.5% YoY. Source: county tax records.