24 Bill Edwards Dr · Springfield, OH 45504

$134,900

3 bd · 1.5 ba · 2,022 sqft · SingleFamily public records · 143 Days on market

Built 1906 7,840 sqft lot $67/sqft · 25% below area Est $181k · 25% under ↓ 18% since listing

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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 +27.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +8.2/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it’s located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

Key facts

• Finished attic
• Craftsman home
• Large living room

Tags

• CRAFTSMAN HOME
• PRIME LOCATION
• ORIGINAL HARDWOOD FEATURES
• LARGE LIVING ROOM
• FULL DINING ROOM
• FINISHED ATTIC

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $408 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 4.8% in Springfield — 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 56/100 on livability (#1,108 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Springfield City School District (urban): math 20% / reading 27% proficiency, ranked #616 of 656 in OH (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 93 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).
• This rent runs 32% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Clark County population projected at -16% 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 $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 143 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 2y 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 1906 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 143 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.32% ✓
• Cap rate: 9.92%
• Cash-on-cash: 12.95%
• DSCR: 1.58
• GRM: 6.3

CMA / ARV

• ARV (median comp): $180,652
• List price: $134,900
• Delta: -25.33%
• 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
1119 Garfield Ave	0.14mi	3/2.0	2,052 (+2%)	9mo	$220,000	$107	81
307 E Northern Ave	0.33mi	3/1.0	2,043 (+1%)	3mo	$131,000	$64	78
119 E Mccreight Ave	0.20mi	4/2.0 (+1)	2,216 (+10%)	2mo	$225,000	$102	66
1235 Terrace Dr	0.47mi	2/2.0 (-1)	1,990 (-2%)	5mo	$164,000	$82	64
25 Roosevelt Dr	0.48mi	3/1.5	1,928 (-5%)	8mo	$215,000	$112	63
19 Ardmore Rd	0.65mi	3/1.5	2,006 (-1%)	8mo	$271,000	$135	61
315 E Madison Ave	0.40mi	4/2.0 (+1)	2,116 (+5%)	7mo	$145,000	$69	61
614 Mason St	0.49mi	4/2.0 (+1)	1,987 (-2%)	8mo	$165,000	$83	60
1108 N Fountain Blvd	0.10mi	4/1.5 (+1)	2,324 (+15%)	10mo	$135,000	$58	57
380 Stanton Ave	0.48mi	4/1.5 (+1)	1,872 (-7%)	12mo	$130,000	$69	50
520 E Northern Ave	0.53mi	4/2.0 (+1)	1,854 (-8%)	7mo	$75,000	$40	49
1121 Elm St	0.44mi	4/1.0 (+1)	1,754 (-13%)	8mo	$187,500	$107	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: 2.9%
• Equity multiple: 1.11×
• Total profit: $4,167
• Equity at exit: $20,114

10-year hold

• IRR: 12.5%
• Equity multiple: 1.99×
• Total profit: $37,325
• Equity at exit: $11,664

Cash invested: $37,772 (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 45504

• Active inventory: 93
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,778 high
• Mortgage (P&I): −$707
• Tax from tax record: −$233 /mo · $2,797/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $408

Break-even live

Break-even rent $1,262

Max offer price $134,900

Occupancy floor 72%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
401 Section St Springfield, OH	4.0	2.0	1612	$1,850	$1.15	11d	1	0.98mi
220 S Yellow Springs St Springfield, OH	4.0	2.0	1456	$1,645	$1.13	23d	1	1.14mi
302 S Yellow Springs St Springfield, OH	4.0	2.0	1456	$1,845	$1.27	11d	1	1.19mi
356 S Yellow Springs St Springfield, OH	4.0	2.0	1606	$1,825	$1.14	11d	1	1.26mi
523 W Mulberry St Springfield, OH	4.0	2.0	1456	$1,825	$1.25	11d	1	1.30mi
524 W Pleasant St Springfield, OH	4.0	2.0	1456	$1,645	$1.13	11d	1	1.33mi
534 Homeview Ave Springfield, OH	3.0	1.0	2660	$1,200	$0.45	44d	1	1.45mi

Listing history 15 events

1. 2026-03-23
   status Active 999-char remark

   Show marketing remark (993 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it's located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

2. 2026-03-23
   status Active 993-char remark

   Show marketing remark (993 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it's located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

3. 2026-03-23
   status Active

   Show marketing remark (993 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it's located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

4. 2026-02-17
   status Pending 993-char remark

   Show marketing remark (999 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it’s located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

5. 2026-02-17
   status Pending

   Show marketing remark (999 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it’s located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

6. 2026-02-17
   status Pending 999-char remark

   Show marketing remark (999 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it’s located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

7. 2025-12-01
   listed $134,900 Active 999-char remark

   Show marketing remark (993 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it's located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

8. 2025-12-01
   listed $134,900 Active 993-char remark

   Show marketing remark (993 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it's located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

9. 2025-12-01
   listed $134,900 Active

   Show marketing remark (993 chars)

   Welcome to 24 Bill Edwards Dr. This large home has a lot of potential. This craftsman home is located in a prime location on Wittenberg university campus and it is a great opportunity to house hack. Offering large rooms with many original hardwood features throughout main level has a large living room and full dining room as well as a full bathroom and the kitchen. There are two staircases leading to the second floor, which has a second full bathroom and four bedrooms the finished attic has additional space that has been used as a bedroom in the past, but can make for a great office or storage space. Brand new furnace was installed in 2025 and it's located on the second floor. There is a full basement as well, which is not finished but is walk out and offers additional possibilities. The home is being sold at a discount to accommodate for any final finishes that you want to make to this home. The alley next-door has been vacated and is no longer allowed to be used by the public.

10. 2025-03-06
    historical
11. 2025-03-06
    historical
12. 2025-03-06
    historical
13. 2024-09-26
    listed $165,000 Active
14. 2024-09-26
    listed $165,000 Active
15. 2024-09-26
    listed $165,000 Active

ⓘ 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: $2,797 · $233/mo
• Projected year-2 tax: $2,797 · $233/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 ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,331
• − Mortgage interest: −$7,556
• − Property taxes: −$2,797
• − Insurance: −$674
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$3,924
• Taxable income: $2,966
• Est. tax owed @ 24.0%: −$712
• After-tax cash flow: $4,179/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: Springfield City School District
• NCES district ID: 3904481
• Math proficiency: 20% ▼ -16.00%
• Reading proficiency: 27% ▼ -12.00%
• Median HH income: $32,541
• Composite: 19.12/100
• National rank: #8834
• State rank: #616 of 656 in OH

Livability — Springfield

• Score: 56/100
• State rank: #1108
• US rank: #22551

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, OH
• County: Clark · 134,280 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 16,654
• Household income: $67,334
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 6.4

Population outlook (Clark County) Hauer SSP2

• Today (2025): 130,703 people
• By 2030: 126,952 · -2.9%
• By 2040: 118,344 · -9.5%
• By 2050: 109,590 · -16.2%
• By 2075: 89,464 · -31.6%
• By 2100: 68,810 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Black 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Clark

• 2024 margin: Strong R (+29.5) · D 34.8% · R 64.3%
• 2008→2024 swing: -27.0pp toward R · 2008: -2.5pp · 2024: -29.5pp
• All cycles: 2024: R+29.5 2020: R+23.3 2016: R+19.5 2012: R+1.8 2008: R+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -138.72%
• Current HPI: 240.7049
• 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

-18.2% since first listed

15 events — show timeline

• 2026-03-23 Relisted — Dayton MLS
• 2026-03-23 Relisted — WRIST
• 2026-03-23 Relisted — CBRMLS
• 2026-02-17 Pending — WRIST
• 2026-02-17 Pending — CBRMLS
• 2026-02-17 Pending — Dayton MLS
• 2025-12-01 Listed $134,900 CBRMLS
• 2025-12-01 Listed $134,900 WRIST
• 2025-12-01 Listed $134,900 Dayton MLS
• 2025-03-06 Listing Removed — Dayton MLS
• 2025-03-06 Listing Removed — WRIST
• 2025-03-06 Listing Removed — CBRMLS
• 2024-09-26 Listed $165,000 Dayton MLS
• 2024-09-26 Listed $165,000 WRIST
• 2024-09-26 Listed $165,000 CBRMLS

Property tax history

+0.2%/yr

Latest (2025): $2,797 · +44.5% YoY. Source: county tax records.