1053 Linhof Rd · Wilmington, OH 45177

$195,000

3 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 6 Days on market

Built 1984 7,275 sqft lot Est $182k · 7% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +4.3/15.0
• Schools +3.9/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss this inviting ranch home at 1053 Linhof Rd! With 3 bedrooms, a full bath, and a spacious living room, this property offers easy, affordable living. The kitchen opens into a sun-filled 4 seasons room, ideal for morning coffee or cozy evenings. Recent updates include a new roof (complete tear off), and the one-car garage with opener adds everyday convenience. This home is perfect for first-time buyers or those looking to downsize without compromising on comfort.

Key facts

• One car garage
• Spacious living room
• 7,275 sq ft lot

Tags

• SPACIOUS LIVING ROOM
• ONE CAR GARAGE

Property features AI

Finance

• HOA & community: No HOA

Exterior

• Parking: Attached garage (1 car); Driveway parking; On-street parking
• Utilities: Public water; Public sewer; Electric water heater; Electric for heating (baseboard) and window-unit cooling
• Home design: Ranch-style single family home; One level
• Construction: Vinyl siding; Shingle roof; Slab foundation
• Exterior features: Privacy fencing; Above-ground pool; Shed on property; City street access

Interior

• Kitchen: Wood cabinets; Laminate floor; Dishwasher; Oven/Range; Refrigerator
• Bedrooms: Three bedrooms total; Primary bedroom (13 x 12) on level 1; Bedroom 2 (11 x 10) on level 1; Bedroom 3 (10 x 9) on level 1
• Flooring: Laminate flooring
• Bathrooms: One full bathroom on level 1
• Heating & cooling: Baseboard heating; Window unit cooling
• Interior features: Laminate flooring in living areas; Wood cabinets in the kitchen; Walkout family room; 4-season room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $2k ($23k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $195k).
• Cap rate 18.2% 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; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 119 units permitted in Clinton County in 2024 (0 in 5+ unit buildings).
• At $4,009/mo this rent would consume 68% 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 $1k of loan paydown is wiped out by about $6k 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 $55k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 24y 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.

Recommended offer $195,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 2.06% ✓
• Cap rate: 18.18%
• Cash-on-cash: 42.45%
• DSCR: 2.89
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $182,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1053 Linhof Rd	0.00mi	3/1.0	1,040 (0%)	12mo	$179,500	$173	90
329 Burdel Dr	0.11mi	3/1.5	1,084 (+4%)	9mo	$192,000	$177	79
1052 Linhof Rd	0.02mi	3/1.0	936 (-10%)	5mo	$185,000	$198	78
995 Linhof Rd	0.05mi	3/1.0	1,128 (+8%)	9mo	$179,500	$159	76
1175 Southridge Ave	0.12mi	3/1.0	936 (-10%)	6mo	$190,000	$203	72
116 Woodland Dr	0.35mi	3/1.5	984 (-5%)	8mo	$217,500	$221	66
724 Norman St	0.24mi	2/1.0 (-1)	1,000 (-4%)	14mo	$174,500	$175	66
640 Lytle Pl	0.36mi	3/2.0	1,004 (-4%)	12mo	$260,000	$259	63
252 Randolph St	0.20mi	3/1.0	896 (-14%)	9mo	$155,900	$174	60
352 S Mulberry St	0.66mi	3/1.0	1,025 (-1%)	13mo	$122,650	$120	56
149 W Truesdell St	0.69mi	2/1.0 (-1)	1,026 (-1%)	8mo	$178,000	$173	53
369 S South St	0.67mi	2/2.0 (-1)	1,116 (+7%)	14mo	$189,500	$170	36

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: 39.2%
• Equity multiple: 2.67×
• Total profit: $91,416
• Equity at exit: $29,075

10-year hold

• IRR: 45.6%
• Equity multiple: 5.36×
• Total profit: $237,981
• Equity at exit: $16,860

Cash invested: $54,600 (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: 4.1×

Monthly cashflow live

• Estimated rent: $4,009 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$131 /mo · $1,577/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$842
• Net cashflow: $1,932

Break-even live

Break-even rent $1,564

Max offer price $195,000

Occupancy floor 47%

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: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
109 Southwind Blvd Wilmington, OH	3.0	2.0	1344	$4,995	$3.72	2d	1	1.08mi
121 Southwind Blvd Wilmington, OH	3.0	2.0	1344	$4,995	$3.72	2d	1	1.09mi
229 Taylor Dr Wilmington, OH	3.0	2.0	1242	$2,000	$1.61	11d	1	1.20mi

Listing history 6 events

1. 2026-06-18
   days on market $195,000 Active 6 DOM
2. 2026-06-17
   days on market $195,000 Active 5 DOM
3. 2026-06-16
   days on market $195,000 Active 4 DOM
4. 2026-06-15
   days on market $195,000 Active 3 DOM
5. 2026-06-14
   remarks 287-char remark
6. 2026-06-14
   listed $195,000 Active 1 DOM

ⓘ 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: $1,577 · $131/mo
• Projected year-2 tax: $2,309 · $192/mo
• Expected delta: +$733/yr (+$61/mo · 46.5%)

ⓘ 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 ≥100°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: $48,104
• − Mortgage interest: −$10,923
• − Property taxes: −$1,577
• − Insurance: −$975
• − Repairs & maintenance: −$3,848
• − Management: −$3,848
• − Depreciation: −$5,673
• Taxable income: $21,260
• Est. tax owed @ 24.0%: −$5,102
• After-tax cash flow: $18,077/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

+254.5% since first listed

13 events — show timeline

• 2026-06-12 Listed $195,000 Cincy MLS
• 2025-07-14 Sold (Public Records) $180,000 Public Records
• 2025-06-30 Sold (MLS) $179,500 Cincy MLS
• 2025-05-29 Contingent — Cincy MLS
• 2025-04-30 Listed $179,000 Cincy MLS
• 2019-10-24 Sold (Public Records) $114,500 Public Records
• 2019-10-18 Sold (MLS) $114,500 Cincy MLS
• 2019-09-07 Contingent — Cincy MLS
• 2019-09-05 Listed $114,500 Cincy MLS
• 2002-06-25 Sold (Public Records) $90,000 Public Records
• 2002-06-03 Sold (MLS) $90,000 Cincy MLS
• 2002-03-19 Listed $89,900 Cincy MLS
• 1993-08-10 Sold (Public Records) $55,000 Public Records

Property tax history

+5.4%/yr

Latest (2025): $1,577 · -3.5% YoY. Source: county tax records.