819 Lodge Ave · Toledo, OH 43609

$67,500

3 bd · 1.0 ba · 1,190 sqft · SingleFamily public records · 1 Days on market

Built 1950 2,400 sqft lot Est $87k · 22% under ↓ 25% since listing

---

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

Listing remarks MLS

Fixer upper with a lot of potential. Carpets were removed. Roof is approximately 15 yeas old. Will need flooring, cabinet, siding repair, paint, cosmetics. Furnace has new inducer motor and thermostat. Full basement with full bathroom.

Key facts

• Full bathroom
• Full basement
• Newer inducer motor

Tags

• NEWER INDUCER MOTOR
• FULL BASEMENT
• FULL BATHROOM

Property features AI

Exterior

• Parking: Concrete driveway with off-street parking
• Utilities: Electricity connected; 100-amp service with circuit breakers; Public water; Sanitary sewer and storm sewer
• Home design: Single-family residence; One and one-half levels; Not attached to other properties; No common walls; Estimated year built
• Construction: Brick and vinyl siding exterior; Block foundation
• Exterior features: Shingle roof; Shed(s); Irregular lot

Interior

• Kitchen: Kitchen (main level)
• Bedrooms: Bedroom 2 on the main level; Bedroom 3 on the upper level
• Flooring: Wood floors
• Bathrooms: 2 bathrooms
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: 6 total rooms; Other interior features; Water heater
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Cap rate 12.2% 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 lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
• This rent runs 31% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $973 of equity ($467 loan paydown + $506 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 $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 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 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $67,500

Questions for the listing agent

1. Built in 1950 — 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. 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.
6. 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.
7. 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: 1.60% ✓
• Cap rate: 12.16%
• Cash-on-cash: 20.94%
• DSCR: 1.93
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $86,870
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
819 Lodge Ave	0.00mi	3/2.0	1,190 (0%)	1mo	$65,000	$55	96
819 Geneva Ave	0.23mi	3/1.0	1,212 (+2%)	1mo	$105,000	$87	85
752 Hampton Ave	0.15mi	2/1.5 (-1)	1,182 (-1%)	2mo	$85,900	$73	84
1023 Shadowlawn Dr	0.31mi	3/1.0	1,193 (+0%)	2mo	$72,000	$60	83
855 Brighton Ave	0.09mi	3/1.0	1,070 (-10%)	2mo	$97,500	$91	78
1039 Wright Ave	0.52mi	3/1.0	1,097 (-8%)	2mo	$15,000	$14	61
624 Carlton St	0.22mi	3/2.0	1,013 (-15%)	2mo	$134,888	$133	59
1402 Prouty Ave	0.38mi	3/1.0	1,030 (-13%)	1mo	$50,000	$49	59
317 Eldred Ave	0.63mi	3/1.5	1,108 (-7%)	1mo	$45,000	$41	56
537 Lynnhaven Dr	0.57mi	3/2.0	1,088 (-9%)	1mo	$150,000	$138	55
219 Storrs	0.71mi	3/1.0	1,056 (-11%)	2mo	$81,800	$77	47
1152 Colton St	0.72mi	3/1.0	1,046 (-12%)	1mo	$65,000	$62	45

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: 26.9%
• Equity multiple: 2.43×
• Total profit: $26,949
• Equity at exit: $22,167

10-year hold

• IRR: 32.8%
• Equity multiple: 5.61×
• Total profit: $87,105
• Equity at exit: $28,793

Cash invested: $18,900 (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: 5.2×

Monthly cashflow live

• Estimated rent: $1,077 high
• Mortgage (P&I): −$354
• Tax from tax record: −$139 /mo · $1,666/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $330

Break-even live

Break-even rent $659

Max offer price $67,500

Occupancy floor 64%

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: $16,875
• Closing costs: $2,025
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
705 Nicholas St Toledo, OH	2.0	1.0	1037	$900	$0.87	44d	1	0.17mi
724 Spencer St Toledo, OH	3.0	1.5	1127	$1,100	$0.98	44d	1	0.18mi
1734 Arlington Ave Toledo, OH	2.0	1.0	700	$800	$1.14	14d	1	0.28mi
532 Carlton St Toledo, OH	3.0	1.0	1130	$1,050	$0.93	44d	1	0.34mi
523 Nicholas St Toledo, OH	3.0	1.0	1290	$1,350	$1.05	14d	1	0.35mi
2594 Broadway St Toledo, OH	2.0	1.0	1076	$825	$0.77	44d	1	0.39mi
1418 Colburn St Toledo, OH	3.0	1.0	992	$1,200	$1.21	14d	1	0.43mi
2424 Broadway St Toledo, OH	3.0	1.0	1416	$1,049	$0.74	14d	1	0.46mi
1321 Gordon St Toledo, OH	3.0	1.0	1121	$1,050	$0.94	44d	1	0.69mi
2044 Arlington Ave Toledo, OH	2.0	1.0	800	$825	$1.03	21d	1	0.69mi
307 Danberry St Toledo, OH	2.0	1.0	988	$950	$0.96	44d	1	1.06mi
837 Colburn St Unit 1 Toledo, OH	2.0	1.0	1178	$700	$0.59	44d	1	1.09mi
837 Colburn St Unit 2 Toledo, OH	2.0	1.0	1158	$695	$0.60	23d	1	1.09mi
827 Colburn St Toledo, OH	2.0	1.0	1092	$750	$0.69	44d	1	1.11mi
771 Orchard St Unit 7715 Toledo, OH	2.0	1.0	1086	$645	$0.59	23d	1	1.11mi
2314 Airline Ave Toledo, OH	3.0	1.0	1123	$1,478	$1.32	23d	1	1.21mi
581 Colima Dr Toledo, OH	2.0	1.0	900	$1,100	$1.22	14d	1	1.27mi
569 Colima Dr Toledo, OH	3.0	1.0	1253	$1,300	$1.04	23d	1	1.28mi
319 N Detroit Ave Toledo, OH	3.0	1.0	1341	$845	$0.63	44d	1	1.30mi
619 Durango Dr Toledo, OH	3.0	1.0	1276	$1,350	$1.06	44d	1	1.32mi
1785 Tecumseh St Toledo, OH	2.0	1.0	930	$900	$0.97	44d	1	1.38mi
1510 Watova Rd Toledo, OH	3.0	1.0	1197	$1,495	$1.25	21d	1	1.44mi

Listing history 24 events

1. 2026-05-20
   status Pending
2. 2026-05-19
   listed $67,500 Active
3. 2025-10-14
   price $67,500 235-char remark

   Show marketing remark (221 chars)

   Here is your chance to own an income generating, low maintenance home in South Toledo! The home is kept in well cared for condition and offers a full finished basement. Long term tenants in place. They would love to stay!

4. 2025-10-14
   price $68,900 221-char remark

   Show marketing remark (221 chars)

   Here is your chance to own an income generating, low maintenance home in South Toledo! The home is kept in well cared for condition and offers a full finished basement. Long term tenants in place. They would love to stay!

5. 2024-02-23
   status Pending 235-char remark

   Show marketing remark (235 chars)

   Fixer upper with a lot of potential. Carpets were removed. Roof is approximately 15 yeas old. Will need flooring, cabinet, siding repair, paint, cosmetics. Furnace has new inducer motor and thermostat. Full basement with full bathroom.

6. 2024-02-23
   soldstatus $67,500 Closed 235-char remark

   Show marketing remark (235 chars)

   Fixer upper with a lot of potential. Carpets were removed. Roof is approximately 15 yeas old. Will need flooring, cabinet, siding repair, paint, cosmetics. Furnace has new inducer motor and thermostat. Full basement with full bathroom.

7. 2023-11-27
   price $68,500 235-char remark

   Show marketing remark (235 chars)

   Fixer upper with a lot of potential. Carpets were removed. Roof is approximately 15 yeas old. Will need flooring, cabinet, siding repair, paint, cosmetics. Furnace has new inducer motor and thermostat. Full basement with full bathroom.

8. 2023-11-17
   price $71,500 235-char remark

   Show marketing remark (235 chars)

   Fixer upper with a lot of potential. Carpets were removed. Roof is approximately 15 yeas old. Will need flooring, cabinet, siding repair, paint, cosmetics. Furnace has new inducer motor and thermostat. Full basement with full bathroom.

9. 2023-11-10
   status Active 235-char remark

   Show marketing remark (235 chars)

   Fixer upper with a lot of potential. Carpets were removed. Roof is approximately 15 yeas old. Will need flooring, cabinet, siding repair, paint, cosmetics. Furnace has new inducer motor and thermostat. Full basement with full bathroom.

10. 2023-10-06
    historical Contingent 235-char remark

    Show marketing remark (235 chars)

    Fixer upper with a lot of potential. Carpets were removed. Roof is approximately 15 yeas old. Will need flooring, cabinet, siding repair, paint, cosmetics. Furnace has new inducer motor and thermostat. Full basement with full bathroom.

11. 2023-09-29
    listed $75,000 Active 235-char remark

    Show marketing remark (235 chars)

    Fixer upper with a lot of potential. Carpets were removed. Roof is approximately 15 yeas old. Will need flooring, cabinet, siding repair, paint, cosmetics. Furnace has new inducer motor and thermostat. Full basement with full bathroom.

12. 2023-03-27
    historical
13. 2023-01-24
    listed $89,900 Active
14. 2022-06-03
    soldstatus $68,900 Closed 221-char remark

    Show marketing remark (221 chars)

    Here is your chance to own an income generating, low maintenance home in South Toledo! The home is kept in well cared for condition and offers a full finished basement. Long term tenants in place. They would love to stay!

15. 2022-06-02
    status Pending 221-char remark

    Show marketing remark (221 chars)

    Here is your chance to own an income generating, low maintenance home in South Toledo! The home is kept in well cared for condition and offers a full finished basement. Long term tenants in place. They would love to stay!

16. 2022-04-30
    historical Contingent 221-char remark

    Show marketing remark (221 chars)

    Here is your chance to own an income generating, low maintenance home in South Toledo! The home is kept in well cared for condition and offers a full finished basement. Long term tenants in place. They would love to stay!

17. 2022-04-20
    listed $74,900 Active 221-char remark

    Show marketing remark (221 chars)

    Here is your chance to own an income generating, low maintenance home in South Toledo! The home is kept in well cared for condition and offers a full finished basement. Long term tenants in place. They would love to stay!

18. 2013-06-04
    soldstatus $19,800
19. 2013-03-04
    historical
20. 2012-09-25
    listed $29,500
21. 2012-08-14
    soldstatus $33,334
22. 2004-09-16
    soldstatus $89,900
23. 2004-09-10
    soldstatus $89,900
24. 2004-05-14
    listed $89,900

ⓘ 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: $1,666 · $139/mo
• Projected year-2 tax: $1,666 · $139/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥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: $12,923
• − Mortgage interest: −$3,781
• − Property taxes: −$1,666
• − Insurance: −$338
• − Repairs & maintenance: −$1,034
• − Management: −$1,034
• − Depreciation: −$1,964
• Taxable income: $3,107
• Est. tax owed @ 24.0%: −$746
• After-tax cash flow: $3,212/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

-24.9% since first listed

24 events — show timeline

• 2026-05-20 Pending — NORIS
• 2026-05-19 Listed $67,500 NORIS
• 2025-10-14 Price Changed $67,500 NORIS
• 2025-10-14 Price Changed $68,900 NORIS
• 2024-02-23 Pending — NORIS
• 2024-02-23 Sold (MLS) $67,500 NORIS
• 2023-11-27 Price Changed $68,500 NORIS
• 2023-11-17 Price Changed $71,500 NORIS
• 2023-11-10 Relisted — NORIS
• 2023-10-06 Contingent — NORIS
• 2023-09-29 Listed $75,000 NORIS
• 2023-03-27 Listing Removed — NORIS
• 2023-01-24 Listed $89,900 NORIS
• 2022-06-03 Sold (MLS) $68,900 NORIS
• 2022-06-02 Pending — NORIS
• 2022-04-30 Contingent — NORIS
• 2022-04-20 Listed $74,900 NORIS
• 2013-06-04 Sold (Public Records) $19,800 Public Records
• 2013-03-04 Listing Removed — NORIS
• 2012-09-25 Listed $29,500 NORIS
• 2012-08-14 Sold (Public Records) $33,334 Public Records
• 2004-09-16 Sold (Public Records) $89,900 Public Records
• 2004-09-10 Sold (MLS) $89,900 NORIS
• 2004-05-14 Listed $89,900 NORIS

Property tax history

+1.4%/yr

Latest (2025): $1,666 · +8.3% YoY. Source: county tax records.