304 Mohawk Pl · Maumee, OH 43537

$125,000

2 bd · 1.0 ba · 1,154 sqft · SingleFamily public records · 17 Days on market

Built 1950 0.28 ac lot $108/sqft · 36% below area Est $195k · 36% under

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Why this score? — see what drove the C 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 +16.5/30.0
• ARV discount +15.0/15.0
• 1% rule +6.3/10.0
• Schools +5.6/10.0
• DSCR +5.1/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Online and Live Real Estate Auction. Minimum Bid $125,000. Auction date is June 1st @ 6pm with Registration @ 5pm. Charming one-story brick ranch home offers easy living and a peaceful alongside beautiful Side Cut Metro Park, surrounded by nature and scenic views. Relax or entertain on the spacious back deck. Property features 2 garages, impressive 39x28 detached garage perfect for storage, workshop or hobbies. The interior creates a warm and relaxing space which includes an inviting living room featuring a beautiful brick fireplace. Updated furnace, A/C, and hot water tank. Tucked away on a peaceful dead-end street. Perfect for outdoor enthusiasts, nearby fishing, biking and walking paths.

Key facts

• 0.28 acre lot
• 4 garage spots
• Built 1950

Property features AI

Exterior

• Parking: Four total parking spaces; Attached garage; Detached garage; Driveway
• Utilities: Electricity connected (150 Amp service); Natural gas connected; Public water; Public sewer; Fiber connected
• Home design: Single-family residential house; One story
• Construction: Brick construction; Shingle roof; Crawl space foundation; Built as a house (single family)
• Exterior features: Deck; Corner lot; Asphalt city street frontage; Garage(s) as an additional structure

Interior

• Kitchen: Gas oven; Refrigerator; Water heater
• Bedrooms: Bedroom 2 located on the main level
• Flooring: Carpet; Wood
• Bathrooms: One full bathroom
• Heating & cooling: Forced-air heating; Central air conditioning
• Interior features: Five total rooms; Double-pane windows; Storage space
• Laundry & utility: Main-level laundry; Utility room on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $73 ($879/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 2.6% in Maumee — 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 76/100 on livability (#221 in OH, #3,442 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety F.
• Maumee City (suburban): math 65% / reading 67% proficiency, ranked #194 of 656 in OH (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Fairfield Elementary School (math 82% / reading 82%, grade A+, #116 of 1,584 statewide, top 9%, 345 students, 32% FRL); Maumee High School (math 67% / reading 76%, grade B+, #98 of 781 statewide, top 13%, 648 students, 26% FRL) — zoned schools at 29% FRL track the district average.
• Market conditions: 114 active listings in the ZIP; solid renter incomes; 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 3.3% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,125 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
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: 1.13% ✓
• Cap rate: 7.00%
• Cash-on-cash: 2.51%
• DSCR: 1.11
• GRM: 7.3

CMA / ARV

• ARV (median comp): $195,367
• List price: $125,000
• Delta: -36.02%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
940 Joliet Dr	0.25mi	3/1.5 (+1)	1,075 (-7%)	1mo	$216,000	$201	70
320 Lacombe Dr	0.19mi	3/1.5 (+1)	1,075 (-7%)	15mo	$187,000	$174	60
210 W William St	0.62mi	3/1.0 (+1)	1,120 (-3%)	11mo	$235,000	$210	52
412 W John St	0.40mi	3/1.5 (+1)	1,311 (+14%)	13mo	$220,000	$168	41
4435 May Dr	0.70mi	2/1.0	988 (-14%)	18mo	$100,000	$101	29

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: -12.2%
• Equity multiple: 0.56×
• Total profit: $-15,455
• Equity at exit: $18,638

10-year hold

• IRR: -2.9%
• Equity multiple: 0.80×
• Total profit: $-6,905
• Equity at exit: $10,808

Cash invested: $35,000 (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 43537

• Home prices YoY: -29.6%
• Active inventory: 114
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,418 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$339 /mo · $4,071/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $73

Break-even live

Break-even rent $1,325

Max offer price $125,000

Occupancy floor 90%

Sensitivity live

Price	-10% $144	-5% $109	+0% $73	+5% $38	+10% $3
Rent	-10% $-39	-5% $17	+0% $73	+5% $129	+10% $185
Rate	-1.0pp $136	-0.5pp $105	base $73	+0.5pp $41	+1.0pp $8

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-02
   status $125,000 Pending 17 DOM
2. 2026-06-01
   days on market $125,000 Active 17 DOM
3. 2026-05-31
   days on market $125,000 Active 16 DOM
4. 2026-05-30
   days on market $125,000 Active 15 DOM
5. 2026-05-15
   listed $125,000 Active 840-char remark
6. 2026-05-12
   historical $125,000 840-char remark
7. 1987-04-29
   soldstatus $48,000

ⓘ 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: $4,071 · $339/mo
• Projected year-2 tax: $4,071 · $339/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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 15 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: $17,015
• − Mortgage interest: −$7,002
• − Property taxes: −$4,071
• − Insurance: −$625
• − Repairs & maintenance: −$1,361
• − Management: −$1,361
• − Depreciation: −$3,636
• Taxable loss: −$1,042
• Est. tax savings @ 24.0%: +$250
• After-tax cash flow: $1,129/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: Maumee City
• NCES district ID: 3904436
• Math proficiency: 65% ▼ -10.00%
• Reading proficiency: 67% ▼ -7.00%
• Median HH income: $53,412
• Composite: 56.38/100
• National rank: #1162
• State rank: #194 of 656 in OH

Livability — Maumee

• Score: 76/100
• State rank: #221
• US rank: #3442

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maumee, OH
• County: Lucas County · 380,724 people
• City population: 30,111
• Metro: Toledo, OH
• Population (ZIP): 30,111
• Household income: $82,752
• Rent vs Own: 31.4% rent · 68.6% own
• Severe rent burden: 592.0

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: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 6% Black 6% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 9% Lithuanian 4% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 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: ▼ -85.67%
• Current HPI: 203.8449
• Rent YoY: —
• 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

+381.2% since first listed

5 events — show timeline

• 2026-06-17 Sold (MLS) $231,000 NORIS
• 2026-06-02 Pending — NORIS
• 2026-05-15 Listed $125,000 NORIS
• 2026-05-12 Coming Soon $125,000 NORIS
• 1987-04-29 Sold (Public Records) $48,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $4,071 · +1.4% YoY. Source: county tax records.