913 Coventry Ave · Toledo, OH 43607

$74,800

1 bd · 1.0 ba · 600 sqft · SingleFamily public records · 210 Days on market

Built 1935 4,800 sqft lot Est $85k · 12% 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 +26.5/30.0
• ARV discount +12.7/15.0
• DSCR +9.0/10.0
• 1% rule +6.5/10.0
• 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

Bank Owned Auction! Tuesday, May 31, 2016 at 10:30 am. Minimum Bid $6,000 for this fixer upper near UT. Home sits on a large front lot. Price may not reflect additional buyers premium. List price equals minimum bid.

Key facts

• Blacktop driveway
• New hot water tank
• New electrical panel

Tags

• NEW ROOF
• NEW WINDOWS
• NEW ELECTRICAL PANEL
• BLACKTOP DRIVEWAY
• NEW HOT WATER TANK
• MODERN KITCHEN

Property features AI

Exterior

• Parking: Asphalt driveway; Gravel parking
• Utilities: Public water; Sanitary sewer; Circuit breaker electrical service
• Home design: Single-family residence; Residential property; One story
• Construction: Vinyl siding; Estimated year built
• Exterior features: Deck; Patio; Shingle roof

Interior

• Kitchen: Gas range connection; Water heater
• Bedrooms: Second bedroom on main level
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Eat-in kitchen; Formal dining room; Full basement

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $198 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($859 rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 7.6% in Toledo — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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-, crime F, commute 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.
• Zoned schools: Robinson Elementary School (math 2% / reading 2%, grade F, #1,580 of 1,584 statewide, top 100%, 358 students, 0% FRL); Jesup W. Scott High School (math 8% / reading 17%, grade F, #726 of 781 statewide, top 94%, 736 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 7% at this address vs 20% district-wide (-12 pts) — the specific schools serving this property underperform the Toledo City average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising fast (+8.2%/yr); 83 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $517 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 24y ago; this cycle's ask has dropped $14k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $9k; list at $75k implies a 750% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $65,824 (12.0% below list)

Questions for the listing agent

1. It's been on market 210 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 1935 — 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: 1.15% ✓
• Cap rate: 9.46%
• Cash-on-cash: 11.32%
• DSCR: 1.50
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $84,600
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
514 Conrad Ave	0.43mi	2/1.0 (+1)	624 (+4%)	1mo	$87,900	$141	67

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: 5.8%
• Equity multiple: 1.24×
• Total profit: $4,997
• Equity at exit: $11,153

10-year hold

• IRR: 19.2%
• Equity multiple: 2.97×
• Total profit: $41,194
• Equity at exit: $6,467

Cash invested: $20,944 (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: 7.3×

Monthly cashflow live

• Estimated rent: $859 high
• Mortgage (P&I): −$392
• Tax from tax record: −$58 /mo · $696/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$180
• Net cashflow: $198

Break-even live

Break-even rent $609

Max offer price $74,800

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: $18,700
• Closing costs: $2,244
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1919 Kensington Rd Toledo, OH	1.0	1.0	680	$775	$1.14	21d	1	0.75mi
2445 W Bancroft St Unit 2445-15 Toledo, OH	1.0	1.0	557	$625	$1.12	44d	1	0.92mi
2250 Torrey Hill Dr Unit 2254-5 Toledo, OH	1.0	1.0	563	$770	$1.37	44d	1	1.09mi
1700 Secor Rd Toledo, OH	1.0–2.0	1.0	790	$799	$1.01	14d	1	1.27mi
3414 Dorr St Toledo, OH	1.0–2.0	1.0–1.5	570	$715	$1.25	23d	5	1.39mi

Listing history 22 events

1. 2026-06-18
   days on market $74,800 Active 210 DOM
2. 2026-06-17
   pricestatus $74,800 Active 209 DOM
3. 2026-05-12
   price $6,000 215-char remark

   Show marketing remark (215 chars)

   Bank Owned Auction! Tuesday, May 31, 2016 at 10:30 am. Minimum Bid $6,000 for this fixer upper near UT. Home sits on a large front lot. Price may not reflect additional buyers premium. List price equals minimum bid.

4. 2026-04-29
   status Pending
5. 2025-12-15
   price $78,800
6. 2025-10-14
   price $15,000 96-char remark

   Show marketing remark (96 chars)

   Completely remodeled 1 bedroom house and Section 8 approved. Currently leased for $535 a month.

7. 2025-10-14
   price $6,000

   Show marketing remark (96 chars)

   Completely remodeled 1 bedroom house and Section 8 approved. Currently leased for $535 a month.

8. 2025-10-02
   listed $88,800 Active
9. 2016-06-13
   soldstatus $8,800 215-char remark

   Show marketing remark (215 chars)

   Bank Owned Auction! Tuesday, May 31, 2016 at 10:30 am. Minimum Bid $6,000 for this fixer upper near UT. Home sits on a large front lot. Price may not reflect additional buyers premium. List price equals minimum bid.

10. 2016-06-01
    price $8,800 215-char remark

    Show marketing remark (215 chars)

    Bank Owned Auction! Tuesday, May 31, 2016 at 10:30 am. Minimum Bid $6,000 for this fixer upper near UT. Home sits on a large front lot. Price may not reflect additional buyers premium. List price equals minimum bid.

11. 2016-05-04
    listed $6,000 215-char remark

    Show marketing remark (215 chars)

    Bank Owned Auction! Tuesday, May 31, 2016 at 10:30 am. Minimum Bid $6,000 for this fixer upper near UT. Home sits on a large front lot. Price may not reflect additional buyers premium. List price equals minimum bid.

12. 2008-04-13
    soldstatus $15,000 96-char remark

    Show marketing remark (96 chars)

    Completely remodeled 1 bedroom house and Section 8 approved. Currently leased for $535 a month.

13. 2007-10-09
    listed $25,000 96-char remark

    Show marketing remark (96 chars)

    Completely remodeled 1 bedroom house and Section 8 approved. Currently leased for $535 a month.

14. 2007-04-04
    soldstatus $6,000
15. 2006-12-22
    listed $6,900
16. 2006-07-18
    historical
17. 2006-01-18
    historical
18. 2006-01-17
    listed $16,500
19. 2006-01-17
    listed $16,500
20. 2002-12-02
    soldstatus $24,800
21. 2002-11-28
    soldstatus $24,750
22. 2002-09-13
    listed $24,750

ⓘ 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: $696 · $58/mo
• Projected year-2 tax: $931 · $78/mo
• Expected delta: +$236/yr (+$20/mo · 33.9%)

ⓘ 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,314
• − Mortgage interest: −$4,190
• − Property taxes: −$696
• − Insurance: −$374
• − Repairs & maintenance: −$825
• − Management: −$825
• − Depreciation: −$2,176
• Taxable income: $1,228
• Est. tax owed @ 24.0%: −$295
• After-tax cash flow: $2,076/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

-75.8% since first listed

20 events — show timeline

• 2026-05-12 Price Changed $6,000 NORIS
• 2026-04-29 Pending — NORIS
• 2025-12-15 Price Changed $78,800 NORIS
• 2025-10-14 Price Changed $15,000 NORIS
• 2025-10-14 Price Changed $6,000 NORIS
• 2025-10-02 Listed $88,800 NORIS
• 2016-06-13 Sold (MLS) $8,800 NORIS
• 2016-06-01 Price Changed $8,800 NORIS
• 2016-05-04 Listed $6,000 NORIS
• 2008-04-13 Sold (MLS) $15,000 NORIS
• 2007-10-09 Listed $25,000 NORIS
• 2007-04-04 Sold (MLS) $6,000 NORIS
• 2006-12-22 Listed $6,900 NORIS
• 2006-07-18 Listing Removed — NORIS
• 2006-01-18 Listing Removed — NORIS
• 2006-01-17 Listed $16,500 NORIS
• 2006-01-17 Listed $16,500 NORIS
• 2002-12-02 Sold (Public Records) $24,800 Public Records
• 2002-11-28 Sold (MLS) $24,750 NORIS
• 2002-09-13 Listed $24,750 NORIS

Property tax history

+5.4%/yr

Latest (2025): $696 · +1.0% YoY. Source: county tax records.