2141 Joffre Ave · Toledo, OH 43607

$84,900

3 bd · 1.0 ba · 1,736 sqft · SingleFamily public records · 215 Days on market

Built 1920 4,400 sqft lot $49/sqft · 7% below area Est $91k · 7% 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 +10.7/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Rent growth +4.5/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step inside this large, wonderful updated traditional. Updates include: updated bath, new flat roof 2021, 2 car garage 2022, and vinyl plank floors in 2022. Great floor plan with an extra bedroom or den on main level. Gas fireplace adds comfort and ambience . Nice covered porch Property has a happy tenant. rents at 1225.00 per month. Tenant lease ends on 5/30/26. No tours until accepted offer.

Key facts

• Covered porch
• New flat roof
• Updated bath

Tags

• UPDATED BATH
• NEW FLAT ROOF
• VINYL PLANK FLOORS
• GAS FIREPLACE
• COVERED PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

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 ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.1% 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-, schools D-, crime 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.
• Market conditions: Rents rising fast (+8.2%/yr); 83 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 35% of the median local income ($41k/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 $587 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lucas 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 + 8.0% rent growth), your $24k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 215 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 20y 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 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 215 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 1920 — 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. 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. 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?
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: 1.44% ✓
• Cap rate: 12.06%
• Cash-on-cash: 20.58%
• DSCR: 1.92
• GRM: 5.8

CMA / ARV

• ARV (median comp): $91,378
• List price: $84,900
• Delta: -7.09%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2114 Parkdale Ave	0.05mi	3/1.0	1,737 (+0%)	2mo	$125,000	$72	95
2053 Calumet Ave	0.10mi	3/1.0	1,840 (+6%)	5mo	$55,000	$30	81
1844 Freeman St	0.14mi	3/1.5	1,630 (-6%)	1mo	$40,000	$25	81
1808 Freeman St	0.12mi	3/1.5	1,561 (-10%)	7mo	$91,488	$59	70
2144 Hawthorne St	0.33mi	3/1.0	1,564 (-10%)	3mo	$40,000	$26	66
1424 Addington Rd	0.64mi	3/1.5	1,726 (-1%)	3mo	$153,198	$89	65
1948 Sussex Pl	0.52mi	4/1.0 (+1)	1,746 (+1%)	9mo	$162,000	$93	62
2004 Calumet Ave	0.20mi	4/1.5 (+1)	1,557 (-10%)	7mo	$50,000	$32	60
1513 Waverly Ave	0.57mi	3/1.5	1,578 (-9%)	7mo	$123,400	$78	51
1938 Fernwood Ave	0.57mi	3/1.0	1,502 (-14%)	3mo	$95,900	$64	49
1311 Fitchland Ave	0.68mi	4/2.0 (+1)	1,480 (-15%)	9mo	$127,500	$86	27
1449 Norwood Ave	0.68mi	4/2.0 (+1)	1,484 (-14%)	11mo	$135,000	$91	26

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 18.3%
• Equity multiple: 1.79×
• Total profit: $18,665
• Equity at exit: $12,659

10-year hold

• IRR: 29.9%
• Equity multiple: 4.33×
• Total profit: $79,063
• Equity at exit: $7,341

Cash invested: $23,772 (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 43607

• Home prices YoY: -27.5%
• Rents YoY: 8.2%
• Active inventory: 83
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,221 high
• Mortgage (P&I): −$445
• Tax from tax record: −$76 /mo · $915/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $408

Break-even live

Break-even rent $705

Max offer price $84,900

Occupancy floor 62%

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2117 Clinton St Toledo, OH	3.0	1.0	1256	$1,115	$0.89	43d	1	0.15mi
2356 Torrey Hill Dr Unit 11 Toledo, OH	2.0	1.0	1050	$800	$0.76	43d	1	0.41mi
1436 Palmetto Ave Toledo, OH	3.0	1.0	1678	$1,400	$0.83	23d	1	0.80mi
2037 Alvin St Toledo, OH	3.0	1.0	1260	$1,175	$0.93	43d	1	0.83mi
2632 Algonquin Pkwy Toledo, OH	3.0	1.5	1568	$800	$0.51	23d	1	0.89mi
915 Woodstock Ave Toledo, OH	3.0	1.5	1500	$1,100	$0.73	23d	1	0.97mi
2637 Greenway St Toledo, OH	2.0	1.0	1082	$900	$0.83	43d	1	0.98mi
1573 Jermain Dr Toledo, OH	3.0	1.0	1254	$1,195	$0.95	13d	1	0.99mi
1140 Palmwood Ave Toledo, OH	3.0	1.0	1292	$1,500	$1.16	43d	1	1.03mi
2734 Powhattan Pkwy Toledo, OH	2.0	1.0	1144	$900	$0.79	43d	1	1.06mi
1026 Oakwood Ave Toledo, OH	2.0	1.0	1100	$850	$0.77	43d	1	1.11mi
1718 Giant St Toledo, OH	3.0	1.0	1080	$1,395	$1.29	13d	1	1.16mi
960 W Delaware Ave Toledo, OH	3.0	1.0	1224	$1,050	$0.86	23d	1	1.17mi
1122 Pinewood Ave Toledo, OH	3.0	1.0	1559	$1,150	$0.74	13d	1	1.17mi
2447 Maplewood Ave Toledo, OH	2.0	1.0	1538	$897	$0.58	43d	1	1.28mi
319 N Detroit Ave Toledo, OH	3.0	1.0	1341	$845	$0.63	43d	1	1.35mi

Listing history 38 events

1. 2026-06-18
   days on market $84,900 Active 215 DOM
2. 2026-06-17
   days on market $84,900 Active 214 DOM
3. 2026-06-16
   days on market $84,900 Active 213 DOM
4. 2026-06-15
   days on market $84,900 Active 212 DOM
5. 2026-06-14
   days on market $84,900 Active 210 DOM
6. 2026-06-10
   days on market $84,900 Active 207 DOM
7. 2026-06-09
   days on market $84,900 Active 206 DOM
8. 2026-06-08
   days on market $84,900 Active 205 DOM
9. 2026-06-07
   days on market $84,900 Active 204 DOM
10. 2026-06-05
    days on market $84,900 Active 201 DOM
11. 2026-06-03
    days on market $84,900 Active 200 DOM
12. 2026-06-02
    days on market $84,900 Active 199 DOM
13. 2026-06-01
    days on market $84,900 Active 198 DOM
14. 2026-05-31
    days on market $84,900 Active 197 DOM
15. 2026-05-30
    days on market $84,900 Active 196 DOM
16. 2026-05-06
    status Active 398-char remark

    Show marketing remark (398 chars)

    Step inside this large, wonderful updated traditional. Updates include: updated bath, new flat roof 2021, 2 car garage 2022, and vinyl plank floors in 2022. Great floor plan with an extra bedroom or den on main level. Gas fireplace adds comfort and ambience . Nice covered porch Property has a happy tenant. rents at 1225.00 per month. Tenant lease ends on 5/30/26. No tours until accepted offer.

17. 2026-05-05
    historical 398-char remark

    Show marketing remark (398 chars)

    Step inside this large, wonderful updated traditional. Updates include: updated bath, new flat roof 2021, 2 car garage 2022, and vinyl plank floors in 2022. Great floor plan with an extra bedroom or den on main level. Gas fireplace adds comfort and ambience . Nice covered porch Property has a happy tenant. rents at 1225.00 per month. Tenant lease ends on 5/30/26. No tours until accepted offer.

18. 2025-11-05
    listed $84,900 Active 398-char remark

    Show marketing remark (398 chars)

    Step inside this large, wonderful updated traditional. Updates include: updated bath, new flat roof 2021, 2 car garage 2022, and vinyl plank floors in 2022. Great floor plan with an extra bedroom or den on main level. Gas fireplace adds comfort and ambience . Nice covered porch Property has a happy tenant. rents at 1225.00 per month. Tenant lease ends on 5/30/26. No tours until accepted offer.

19. 2025-10-14
    price $77,000 208-char remark

    Show marketing remark (208 chars)

    Get Inside this 2 story home offering spacious rooms. Main floor den and laundry. Updates include kithcen windows, furnace, central air. Don't wait. See it today!!! Subject to Sellers finding suitablehousing.

20. 2025-10-14
    price $10,500

    Show marketing remark (208 chars)

    Get Inside this 2 story home offering spacious rooms. Main floor den and laundry. Updates include kithcen windows, furnace, central air. Don't wait. See it today!!! Subject to Sellers finding suitablehousing.

21. 2022-06-15
    soldstatus $100,000
22. 2022-06-09
    status Pending
23. 2022-06-09
    soldstatus $67,500 Closed
24. 2022-05-26
    historical Contingent
25. 2022-05-25
    status Active
26. 2022-05-12
    historical Contingent
27. 2022-05-09
    listed $67,500 Active
28. 2022-03-14
    historical
29. 2021-08-12
    listed $64,900 Active
30. 2021-08-09
    historical
31. 2015-12-11
    soldstatus $10,500
32. 2015-11-21
    price $17,000
33. 2015-10-05
    listed $17,000
34. 2015-02-28
    historical
35. 2014-10-06
    listed $78,000
36. 2006-08-30
    soldstatus $77,000
37. 2006-08-29
    soldstatus $77,000 208-char remark

    Show marketing remark (208 chars)

    Get Inside this 2 story home offering spacious rooms. Main floor den and laundry. Updates include kithcen windows, furnace, central air. Don't wait. See it today!!! Subject to Sellers finding suitablehousing.

38. 2006-03-09
    listed $79,900 208-char remark

    Show marketing remark (208 chars)

    Get Inside this 2 story home offering spacious rooms. Main floor den and laundry. Updates include kithcen windows, furnace, central air. Don't wait. See it today!!! Subject to Sellers finding suitablehousing.

ⓘ 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: $915 · $76/mo
• Projected year-2 tax: $1,120 · $93/mo
• Expected delta: +$205/yr (+$17/mo · 22.3%)

ⓘ 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,652
• − Mortgage interest: −$4,756
• − Property taxes: −$915
• − Insurance: −$424
• − Repairs & maintenance: −$1,172
• − Management: −$1,172
• − Depreciation: −$2,470
• Taxable income: $3,743
• Est. tax owed @ 24.0%: −$898
• After-tax cash flow: $3,995/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): 19,469
• Household income: $41,335
• Rent vs Own: 50.8% rent · 49.2% own
• Severe rent burden: 1157.0

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 0.57)
• Race & ethnicity: Black 59% White 27% Two or more races 6% Hispanic / Latino 6% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Other Indo-European 1% Spanish 1% Russian/Polish/Slavic 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: ▼ -66.58%
• Current HPI: 175.2772
• Rent YoY: ▲ 8.19%
• 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

+6.3% since first listed

23 events — show timeline

• 2026-05-06 Relisted — NORIS
• 2026-05-05 Listing Removed — NORIS
• 2025-11-05 Listed $84,900 NORIS
• 2025-10-14 Price Changed $77,000 NORIS
• 2025-10-14 Price Changed $10,500 NORIS
• 2022-06-15 Sold (Public Records) $100,000 Public Records
• 2022-06-09 Pending — NORIS
• 2022-06-09 Sold (MLS) $67,500 NORIS
• 2022-05-26 Contingent — NORIS
• 2022-05-25 Relisted — NORIS
• 2022-05-12 Contingent — NORIS
• 2022-05-09 Listed $67,500 NORIS
• 2022-03-14 Listing Removed — NORIS
• 2021-08-12 Listed $64,900 NORIS
• 2021-08-09 Coming Soon — NORIS
• 2015-12-11 Sold (MLS) $10,500 NORIS
• 2015-11-21 Price Changed $17,000 NORIS
• 2015-10-05 Listed $17,000 NORIS
• 2015-02-28 Listing Removed — NORIS
• 2014-10-06 Listed $78,000 NORIS
• 2006-08-30 Sold (Public Records) $77,000 Public Records
• 2006-08-29 Sold (MLS) $77,000 NORIS
• 2006-03-09 Listed $79,900 NORIS

Property tax history

+1.0%/yr

Latest (2025): $915 · +13.0% YoY. Source: county tax records.