513 2nd St · Fremont, OH 43420

$71,900

3 bd · 1.0 ba · 1,256 sqft · SingleFamily public records · 29 Days on market

Built 1900 8,712 sqft lot $57/sqft · 50% below area Est $142k · 50% under

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Why this score? — see what drove the B+ 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
• Livability +3.7/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3-bedroom, 1-bath single-family residence offering strong value-add potential in an established Fremont neighborhood. The property features approximately 1,256 square feet of living space, a partial basement and on a 0.2-acre lot. Traditional layout provides functional flow with opportunity for cosmetic updates to improve value. Long-term ownership history supports stability, and the property is situated in an area with consistent rental demand. Current condition is suitable for light to moderate improvements, making this an attractive option for both rental hold and renovation strategies. Strong tax position relative to market value enhances overall investment appeal. Tenant occupied on month to month.

Key facts

• Fenced yard
• 8,712 sq ft lot
• Built 1900

Tags

• FENCED YARD
• RECENT EXTERIOR UPDATES
• FUNCTIONAL FLOOR PLAN
• FLEXIBLE USE OF SPACE
• ESTABLISHED RESIDENTIAL AREA

🏷️ Possibly a rental listed for sale. The $71,900 price doesn't fit this home's estimated sale value (~$142,378) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $739 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $71k (1.5% below list) — sets the bar for market timing.
• Cap rate 18.6% vs local median 5.3% in Fremont — 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 74/100 on livability (#283 in OH, #4,637 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Fremont City (town): math 35% / reading 44% proficiency, ranked #543 of 656 in OH (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 88 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 23 units permitted in Sandusky County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $497 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Sandusky County population projected at -17% 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 $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($71k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $8k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $38k; list at $72k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,821 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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 B-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?
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: 2.08% ✓
• Cap rate: 18.62%
• Cash-on-cash: 44.04%
• DSCR: 2.96
• GRM: 4.0

CMA / ARV

• ARV (median comp): $142,378
• List price: $71,900
• Delta: -49.50%
• 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
314 N Ohio Ave	0.25mi	3/1.0	1,284 (+2%)	3mo	$95,000	$74	82
314 N Buchanan St	0.40mi	3/1.0	1,186 (-6%)	3mo	$95,000	$80	70
433 Sandusky Ave	0.10mi	3/1.0	1,097 (-13%)	7mo	$141,000	$129	68
442 N Ohio Ave Ave	0.07mi	4/1.0 (+1)	1,414 (+13%)	9mo	$95,000	$67	63
427 N Clover St	0.68mi	3/1.0	1,248 (-1%)	5mo	$101,000	$81	63
123 N Prospect St. St	0.47mi	3/1.0	1,136 (-10%)	1mo	$155,000	$136	61
818 N Front St	0.50mi	2/1.0 (-1)	1,182 (-6%)	9mo	$85,500	$72	54
230 N Pennsylvania Ave	0.60mi	3/1.0	1,380 (+10%)	7mo	$166,500	$121	50
924 Birdseye Blvd	0.73mi	3/1.5	1,152 (-8%)	6mo	$167,000	$145	45
1210 Castalia St	0.71mi	3/1.0	1,120 (-11%)	8mo	$171,000	$153	42
1006 Birdseye Blvd	0.74mi	3/1.5	1,089 (-13%)	4mo	$159,500	$146	38
402 Morrison St	0.74mi	2/1.0 (-1)	1,442 (+15%)	9mo	$157,000	$109	28

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: 41.0%
• Equity multiple: 2.76×
• Total profit: $35,397
• Equity at exit: $10,721

10-year hold

• IRR: 47.2%
• Equity multiple: 5.54×
• Total profit: $91,380
• Equity at exit: $6,217

Cash invested: $20,132 (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 43420

• Home prices YoY: -32.4%
• Active inventory: 88
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,499 medium
• Mortgage (P&I): −$377
• Tax from tax record: −$38 /mo · $460/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $739

Break-even live

Break-even rent $564

Max offer price $71,900

Occupancy floor 46%

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: $17,975
• Closing costs: $2,157
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1526 Sunrise Blvd Fremont, OH	3.0	1.5	1592	$1,750	$1.10	44d	1	1.11mi
900 Stilwell Ave Fremont, OH	3.0	2.0	1484	$1,250	$0.84	17d	1	1.19mi
1425 White Ave Fremont, OH	3.0	1.0	1142	$1,495	$1.31	44d	1	1.44mi

Listing history 8 events

1. 2026-06-12
   statusdays on market $71,900 Pending 29 DOM
2. 2026-06-09
   days on market $71,900 Active 26 DOM
3. 2026-06-09
   pricestatus $71,900 Active 25 DOM
4. 2026-05-18
   status Active 712-char remark

   Show marketing remark (712 chars)

   3-bedroom, 1-bath single-family residence offering strong value-add potential in an established Fremont neighborhood. The property features approximately 1,256 square feet of living space, a partial basement and on a 0.2-acre lot. Traditional layout provides functional flow with opportunity for cosmetic updates to improve value. Long-term ownership history supports stability, and the property is situated in an area with consistent rental demand. Current condition is suitable for light to moderate improvements, making this an attractive option for both rental hold and renovation strategies. Strong tax position relative to market value enhances overall investment appeal. Tenant occupied on month to month.

5. 2026-05-18
   price $76,400 712-char remark

   Show marketing remark (712 chars)

   3-bedroom, 1-bath single-family residence offering strong value-add potential in an established Fremont neighborhood. The property features approximately 1,256 square feet of living space, a partial basement and on a 0.2-acre lot. Traditional layout provides functional flow with opportunity for cosmetic updates to improve value. Long-term ownership history supports stability, and the property is situated in an area with consistent rental demand. Current condition is suitable for light to moderate improvements, making this an attractive option for both rental hold and renovation strategies. Strong tax position relative to market value enhances overall investment appeal. Tenant occupied on month to month.

6. 2026-05-09
   status Pending 712-char remark

   Show marketing remark (712 chars)

   3-bedroom, 1-bath single-family residence offering strong value-add potential in an established Fremont neighborhood. The property features approximately 1,256 square feet of living space, a partial basement and on a 0.2-acre lot. Traditional layout provides functional flow with opportunity for cosmetic updates to improve value. Long-term ownership history supports stability, and the property is situated in an area with consistent rental demand. Current condition is suitable for light to moderate improvements, making this an attractive option for both rental hold and renovation strategies. Strong tax position relative to market value enhances overall investment appeal. Tenant occupied on month to month.

7. 2026-04-22
   listed $79,900 Active 712-char remark

   Show marketing remark (712 chars)

   3-bedroom, 1-bath single-family residence offering strong value-add potential in an established Fremont neighborhood. The property features approximately 1,256 square feet of living space, a partial basement and on a 0.2-acre lot. Traditional layout provides functional flow with opportunity for cosmetic updates to improve value. Long-term ownership history supports stability, and the property is situated in an area with consistent rental demand. Current condition is suitable for light to moderate improvements, making this an attractive option for both rental hold and renovation strategies. Strong tax position relative to market value enhances overall investment appeal. Tenant occupied on month to month.

8. 1988-07-01
   soldstatus $37,500

ⓘ 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: $460 · $38/mo
• Projected year-2 tax: $791 · $66/mo
• Expected delta: +$331/yr (+$28/mo · 71.8%)

ⓘ 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 ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,988
• − Mortgage interest: −$4,028
• − Property taxes: −$460
• − Insurance: −$360
• − Repairs & maintenance: −$1,439
• − Management: −$1,439
• − Depreciation: −$2,092
• Taxable income: $8,171
• Est. tax owed @ 24.0%: −$1,961
• After-tax cash flow: $6,905/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: Fremont City
• NCES district ID: 3904401
• Math proficiency: 35% ▼ -27.00%
• Reading proficiency: 44% ▼ -13.00%
• Median HH income: $44,046
• Composite: 33.48/100
• National rank: #5449
• State rank: #543 of 656 in OH

Livability — Fremont

• Score: 74/100
• State rank: #283
• US rank: #4637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fremont, OH
• County: Sandusky · 51,886 people
• City population: 29,400
• Population (ZIP): 29,400
• Household income: $62,802
• Rent vs Own: 29.2% rent · 70.8% own
• Severe rent burden: 10.4

Population outlook (Sandusky County) Hauer SSP2

• Today (2025): 57,409 people
• By 2030: 55,791 · -2.8%
• By 2040: 51,837 · -9.7%
• By 2050: 47,712 · -16.9%
• By 2075: 39,908 · -30.5%
• By 2100: 33,171 · -42.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 14% Two or more races 9% Black 5%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Sandusky

• 2024 margin: Solid R (+30.9) · D 34.1% · R 65.0%
• 2008→2024 swing: -35.5pp toward R · 2008: 4.6pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+27.6 2016: R+23.0 2012: D+1.9 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -90.51%
• Current HPI: 188.5274
• 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

+103.7% since first listed

5 events — show timeline

• 2026-05-18 Relisted — MLSNOW
• 2026-05-18 Price Changed $76,400 MLSNOW
• 2026-05-09 Pending — MLSNOW
• 2026-04-22 Listed $79,900 MLSNOW
• 1988-07-01 Sold (Public Records) $37,500 Public Records

Property tax history

-2.8%/yr

Latest (2024): $460 · -45.6% YoY. Source: county tax records.