14180 Elmira Rd · Toulon, IL 61483

$70,000

3 bd · 1.0 ba · 962 sqft · Other · 3 Days on market

4,850 sqft lot

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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 +25.0/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• Appreciation +7.5/10.0
• 1% rule +5.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0

Listing remarks

This 3- bedroom home is located in a nice, small-town setting. The main floor offers a spacious living room with a beautiful decorative fireplace that serves as a stunning focal point & adds character & charm! There is a convenient first floor bedroom, full bath, laundry hook-ups & an eat-in kitchen that offers ample space for meals & gatherings with family & friends. Upstairs, you'll find 2 additional bedrooms. Outside, the manageable yard is easy to maintain while offering space to enjoy the outdoors! The 1-car detached American Steel garage is equipped with power, making it ideal for parking, storage or hobbies. Whether you are looking for your first home, d

Key facts

• 4,850 sq ft lot
• Garage
• Listed 3 days

Property features AI

Finance

• HOA & community: No master association fees required

Exterior

• Parking: Detached garage (1 garage space; 1 total parking space)
• Utilities: Well water; Septic tank sewer
• Home design: Detached single-family home; 1.5-story design; Built approximately 61–70 years ago; Built before 1978
• Construction: Vinyl siding; Brick/mortar foundation; Asphalt roof
• Exterior features: Patio; Level lot approximately 50 x 97

Interior

• Kitchen: Range
• Bedrooms: Master bedroom on the main level (approx. 11 x 12) with luxury vinyl flooring; Second bedroom on the second level (approx. 12 x 13) with luxury vinyl flooring; Third bedroom on the second level (approx. 7 x 8) with luxury vinyl flooring
• Flooring: Luxury vinyl flooring in main living areas and bedrooms
• Bathrooms: One full bathroom
• Heating & cooling: Propane forced-air heating; Central air conditioning
• Interior features: Five total rooms; Unfinished partial basement; One fireplace in the living room
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath other listed at $70k.

Deal economics

• At list price, monthly cash flow is $152 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($729 rent vs $70k).

Location & tenants

• Location reads 65/100 on livability (#659 in IL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: employment D, schools F, amenities F.
• Stark County CUSD 100 (rural): math 17% / reading 21% proficiency, ranked #435 of 620 in IL (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 7 active listings in the ZIP; 2 units permitted in Stark County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($484 loan paydown + $4k appreciation (5.0% local appreciation)).
• Stark County population projected at -36% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $12k; list at $70k implies a 483% gain — meaningful room to come down on a strong offer.

Recommended offer $70,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 1.04% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.31%
• DSCR: 1.41
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.02% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.9%
• Equity multiple: 2.32×
• Total profit: $25,860
• Equity at exit: $39,742

10-year hold

• IRR: 20.5%
• Equity multiple: 4.56×
• Total profit: $69,738
• Equity at exit: $68,650

Cash invested: $19,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 61483

• Home prices YoY: 3.7%
• Active inventory: 7
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $729 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$28 /mo · $336/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$153
• Net cashflow: $152

Break-even live

Break-even rent $537

Max offer price $70,000

Occupancy floor 74%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-18
   days on market $70,000 Active 3 DOM
2. 2026-06-17
   days on market $70,000 Active 2 DOM
3. 2026-06-16
   remarks 679-char remark
4. 2026-06-16
   listed $70,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IL · Partial reset (capped growth)

• Current annual tax: $336 · $28/mo
• Projected year-2 tax: $962 · $80/mo
• Expected delta: +$627/yr (+$52/mo · 186.7%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $8,753
• − Mortgage interest: −$3,921
• − Property taxes: −$336
• − Insurance: −$350
• − Repairs & maintenance: −$700
• − Management: −$700
• − Depreciation: −$2,036
• Taxable income: $710
• Est. tax owed @ 24.0%: −$170
• After-tax cash flow: $1,654/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: Stark County CUSD 100
• NCES district ID: 1737490
• Math proficiency: 17% ▼ -9.00%
• Reading proficiency: 21% ▼ -12.00%
• Median HH income: $49,620
• Composite: 17.04/100
• National rank: #9124
• State rank: #435 of 620 in IL

Livability — Toulon

• Score: 65/100
• State rank: #659
• US rank: #13531

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,876

Population outlook (Stark County) Hauer SSP2

• Today (2025): 5,233 people
• By 2030: 4,898 · -6.4%
• By 2040: 4,130 · -21.1%
• By 2050: 3,369 · -35.6%
• By 2075: 2,062 · -60.6%
• By 2100: 1,205 · -77.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Black 1%
• Common ancestry: Slovak 8% Romanian 2% English 2%
• Foreign-born: 2%
• Languages at home: 97% English-only · Spanish 2% Arabic 1% German/W. Germanic 0%

Political lean MEDSL · Stark

• 2024 margin: Solid R (+45.6) · D 26.3% · R 71.8% · Other 1.9%
• 2008→2024 swing: -40.2pp toward R · 2008: -5.4pp · 2024: -45.6pp
• All cycles: 2024: R+45.6 2020: R+41.2 2016: R+38.0 2012: R+16.2 2008: R+5.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.02%
• Current HPI: 141.1894
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+483.3% since first listed

2 events — show timeline

• 2026-06-13 Listed $70,000 MRED as Distributed by MLS Grid
• 2025-11-01 Sold (Public Records) $12,000 Public Records

Property tax history

-5.4%/yr

Latest (2025): $336 · -60.6% YoY. Source: county tax records.