814 Ogontz St · Sandusky, OH 44870

$124,900

2 bd · 1.0 ba · 880 sqft · SingleFamily public records · 23 Days on market

Built 1910 1,651 sqft lot Est $115k · 8% over

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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 +28.7/30.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• Livability +4.2/5.0
• ARV discount +3.7/15.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute as cute can be! Here's your opportunity to own a little place by the lake, or investment property. Not a lot to maintain at all! Two quaint bedrooms, full bath with new flooring in the bath, bedrooms, living room, and freshly painted. The roof was replaced in 2019, as well as the exterior being painted. It's a great little getaway and so close to the wonderful revitalization of downtown Sandusky!

Key facts

• Roof 7 years old
• Near shopping
• Near parks

Tags

• UPDATED BATHROOM
• ROOF 7 YEARS OLD
• NEAR LOCAL RESTAURANTS
• NEAR SHOPPING
• NEAR PARKS
• MINUTES FROM WATERFRONT

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; 100 Amp electrical service
• Home design: Single-family residential property
• Construction: Aluminum, vinyl, and wood siding
• Exterior features: Asphalt roof; Lot dimensions approximately 33 x 50

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced-air heating
• Interior features: Crawl space basement; Total of 5 rooms

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 $416 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 5.4% in Sandusky — 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 83/100 on livability (#63 in OH, #929 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D-, employment F.
• Sandusky City (town): math 24% / reading 37% proficiency, ranked #583 of 656 in OH (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 209 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 128 units permitted in Erie County in 2024 (5 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.
• Erie County population projected at -15% 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 $35k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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.
• Current owner paid $83k; list at $125k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,026 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D 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?
4. 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.
5. 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.
6. 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: 1.23% ✓
• Cap rate: 10.29%
• Cash-on-cash: 14.28%
• DSCR: 1.64
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $115,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
910 Ogontz St	0.05mi	2/1.0	880 (0%)	7mo	$126,000	$143	92
719 Ogontz St	0.05mi	2/1.0	920 (+4%)	4mo	$129,900	$141	86
1014 Fourth St St	0.11mi	3/1.0 (+1)	924 (+5%)	2mo	$120,000	$130	80
816 Perry St	0.26mi	2/1.0	884 (+0%)	10mo	$88,100	$100	78
404 Reese St	0.43mi	3/1.0 (+1)	900 (+2%)	7mo	$101,000	$112	65
510 Reese St	0.35mi	2/1.0	952 (+8%)	7mo	$124,900	$131	64
903 Sycamore Line	0.21mi	2/1.0	989 (+12%)	14mo	$79,000	$80	58
1648 Oakmont Lane Ln	0.59mi	3/1.0 (+1)	925 (+5%)	1mo	$150,000	$162	58
226 E Monroe St	0.59mi	3/1.0 (+1)	900 (+2%)	15mo	$88,000	$98	51
1225 East Farwell St	0.67mi	2/1.0	814 (-8%)	8mo	$141,000	$173	50
216 Reese St	0.58mi	2/1.0	937 (+6%)	22mo	$57,000	$61	44
1306 E Larchmont St	0.64mi	3/1.0 (+1)	999 (+14%)	4mo	$140,000	$140	39

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: 4.6%
• Equity multiple: 1.18×
• Total profit: $6,243
• Equity at exit: $18,623

10-year hold

• IRR: 14.1%
• Equity multiple: 2.13×
• Total profit: $39,492
• Equity at exit: $10,799

Cash invested: $34,972 (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 44870

• Active inventory: 209
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,539 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$93 /mo · $1,111/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $416

Break-even live

Break-even rent $1,012

Max offer price $124,900

Occupancy floor 68%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
305 Perry St Sandusky, OH	1.0	1.0	750	$995	$1.33	44d	1	0.64mi
1227 Avondale St Sandusky, OH	1.0	1.0	670	$1,045	$1.56	44d	1	0.68mi
156 E Market St Sandusky, OH	1.0–2.0	1.0–2.5	1266	$3,539	$2.79	44d	5	0.93mi

Listing history 25 events

1. 2026-06-19
   days on market $124,900 Active 23 DOM
2. 2026-06-18
   days on market $124,900 Active 22 DOM
3. 2026-06-17
   days on market $124,900 Active 21 DOM
4. 2026-06-17
   price $124,900 Active 20 DOM
5. 2026-06-16
   days on market $129,900 Active 20 DOM
6. 2026-06-15
   days on market $129,900 Active 19 DOM
7. 2026-06-14
   days on market $129,900 Active 17 DOM
8. 2026-06-12
   days on market $129,900 Active 16 DOM
9. 2026-06-09
   days on market $129,900 Active 13 DOM
10. 2026-06-08
    days on market $129,900 Active 12 DOM
11. 2026-06-07
    days on market $129,900 Active 11 DOM
12. 2026-06-03
    days on market $129,900 Active 7 DOM
13. 2026-06-02
    days on market $129,900 Active 6 DOM
14. 2026-06-01
    days on market $129,900 Active 5 DOM
15. 2026-05-31
    days on market $129,900 Active 4 DOM
16. 2026-05-30
    days on market $129,900 Active 3 DOM
17. 2026-05-27
    listed $129,900 Active
18. 2022-09-09
    historical
19. 2022-09-09
    listed $83,000
20. 2022-09-02
    soldstatus $83,000 404-char remark

    Show marketing remark (404 chars)

    Cute as cute can be! Here's your opportunity to own a little place by the lake, or investment property. Not a lot to maintain at all! Two quaint bedrooms, full bath with new flooring in the bath, bedrooms, living room, and freshly painted. The roof was replaced in 2019, as well as the exterior being painted. It's a great little getaway and so close to the wonderful revitalization of downtown Sandusky!

21. 2022-09-01
    soldstatus $83,000
22. 2022-06-30
    listed $75,000 404-char remark

    Show marketing remark (404 chars)

    Cute as cute can be! Here's your opportunity to own a little place by the lake, or investment property. Not a lot to maintain at all! Two quaint bedrooms, full bath with new flooring in the bath, bedrooms, living room, and freshly painted. The roof was replaced in 2019, as well as the exterior being painted. It's a great little getaway and so close to the wonderful revitalization of downtown Sandusky!

23. 2001-11-27
    soldstatus $65,000
24. 1998-12-15
    soldstatus $32,000
25. 1996-01-05
    soldstatus $32,000

ⓘ 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: $1,111 · $93/mo
• Projected year-2 tax: $1,530 · $127/mo
• Expected delta: +$419/yr (+$35/mo · 37.7%)

ⓘ 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 ≥94°F today · 16 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: $18,465
• − Mortgage interest: −$6,996
• − Property taxes: −$1,111
• − Insurance: −$624
• − Repairs & maintenance: −$1,477
• − Management: −$1,477
• − Depreciation: −$3,633
• Taxable income: $3,146
• Est. tax owed @ 24.0%: −$755
• After-tax cash flow: $4,237/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: Sandusky City
• NCES district ID: 3904474
• Math proficiency: 24% ▼ -17.00%
• Reading proficiency: 37% ▼ -9.00%
• Median HH income: $34,583
• Composite: 25.1/100
• National rank: #7532
• State rank: #583 of 656 in OH

Livability — Sandusky

• Score: 83/100
• State rank: #63
• US rank: #929

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sandusky, OH
• County: Erie County · 39,883 people
• City population: 39,883
• Metro: Sandusky, OH
• Population (ZIP): 39,883
• Household income: $62,082
• Rent vs Own: 39.1% rent · 60.9% own
• Severe rent burden: 1602.0

Population outlook (Erie County) Hauer SSP2

• Today (2025): 73,204 people
• By 2030: 71,341 · -2.5%
• By 2040: 66,771 · -8.8%
• By 2050: 62,512 · -14.6%
• By 2075: 56,154 · -23.3%
• By 2100: 49,045 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 15% Two or more races 8% Hispanic / Latino 5%
• Common ancestry: Romanian 3% Slovak 2% Subsaharan African 1%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Erie

• 2024 margin: R (+14.1) · D 42.5% · R 56.6%
• 2008→2024 swing: -28.0pp toward R · 2008: 13.9pp · 2024: -14.1pp
• All cycles: 2024: R+14.1 2020: R+11.6 2016: R+9.8 2012: D+11.3 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.99%
• Current HPI: 209.6383
• Rent YoY: —
• Metro: Sandusky, 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

+305.9% since first listed

9 events — show timeline

• 2026-05-27 Listed $129,900 FAOR
• 2022-09-09 Listing Removed — NORIS
• 2022-09-09 Listed $83,000 NORIS
• 2022-09-02 Sold (MLS) $83,000 FAOR
• 2022-09-01 Sold (Public Records) $83,000 Public Records
• 2022-06-30 Listed $75,000 FAOR
• 2001-11-27 Sold (Public Records) $65,000 Public Records
• 1998-12-15 Sold (Public Records) $32,000 Public Records
• 1996-01-05 Sold (Public Records) $32,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $1,111 · -1.0% YoY. Source: county tax records.