4701 Monac Dr · Toledo, OH 43623

$144,900

2 bd · 1.0 ba · 1,552 sqft · SingleFamily public records · 7 Days on market

Built 1956 6,500 sqft lot Est $245k · 41% 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 +19.1/30.0
• ARV discount +15.0/15.0
• 1% rule +6.0/10.0
• DSCR +6.0/10.0
• Schools +3.5/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this charming Toledo residence offering comfortable living space, a functional layout, and plenty of potential. Featuring spacious living areas, generously sized bedrooms, and a detached garage, this property provides an excellent opportunity for homeowners and investors alike. Enjoy a convenient location near shopping, dining, parks, and major commuter routes while still benefiting from the feel of an established neighborhood. Whether you're looking for your first home, downsizing, or expanding your investment portfolio, this property is ready for your personal touch.

Key facts

• Convenient location
• Detached garage
• 6,500 sq ft lot

Tags

• CONVENIENT LOCATION
• DETACHED GARAGE
• ESTABLISHED NEIGHBORHOOD

Property features AI

Exterior

• Parking: Alley access
• Utilities: Public water; Public sewer; Other utilities
• Home design: Single-family residential; Two levels (2 stories); No attached units; No common walls
• Construction: Other construction materials; Other foundation details; Built as a residential single family home
• Exterior features: Shingle roof

Interior

• Kitchen: Kitchen on the main level (approx. 14 x 16)
• Bedrooms: Bedroom 2 on the main level (approx. 10 x 10)
• Flooring: Other flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Total of 4 rooms; Other interior features

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $153 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).

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.
• Washington Local (urban): math 37% / reading 47% proficiency, ranked #528 of 656 in OH (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Monac Elementary School (math 56% / reading 62%, grade B-, #707 of 1,584 statewide, top 45%, 473 students, 47% FRL); Whitmer High School (math 38% / reading 48%, grade F, #494 of 781 statewide, top 63%, 2,247 students, 42% FRL) — zoned schools at 44% FRL track the district average.
• Market conditions: 52 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $1k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $68k; list at $145k implies a 115% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $144,900

Questions for the listing agent

1. Built in 1956 — 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. 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?
4. 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?
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: 1.10% ✓
• Cap rate: 7.56%
• Cash-on-cash: 4.51%
• DSCR: 1.20
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $245,216
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4855 Clover Ln	0.21mi	3/1.5 (+1)	1,520 (-2%)	9mo	$239,900	$158	72
4744 Kathy Ln	0.12mi	3/1.5 (+1)	1,739 (+12%)	5mo	$240,000	$138	64
4838 Clover Ln	0.17mi	3/1.5 (+1)	1,406 (-9%)	7mo	$249,900	$178	63
4545 Harbord Dr	0.46mi	3/2.0 (+1)	1,470 (-5%)	4mo	$220,000	$150	58
4842 Larkhaven Dr	0.59mi	3/2.5 (+1)	1,594 (+3%)	2mo	$240,000	$151	56
4343 Birchtree Dr	0.60mi	3/2.0 (+1)	1,495 (-4%)	2mo	$275,000	$184	55
4931 Oakridge Dr	0.63mi	3/1.0 (+1)	1,526 (-2%)	11mo	$225,000	$147	54
4048 Holifield Dr	0.57mi	3/1.5 (+1)	1,685 (+9%)	2mo	$256,000	$152	51
3808 Philmar Dr	0.44mi	3/1.5 (+1)	1,382 (-11%)	10mo	$230,000	$166	45
3755 Baybrook Ln	0.48mi	3/1.5 (+1)	1,352 (-13%)	6mo	$215,000	$159	44
5104 Tillimon Trl	0.43mi	3/1.5 (+1)	1,320 (-15%)	6mo	$191,500	$145	43
5315 Harvest Ln	0.73mi	2/2.0	1,323 (-15%)	8mo	$210,000	$159	30

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: -9.2%
• Equity multiple: 0.66×
• Total profit: $-13,671
• Equity at exit: $21,605

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $965
• Equity at exit: $12,528

Cash invested: $40,572 (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 43623

• Home prices YoY: -19.8%
• Active inventory: 52
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,590 high
• Mortgage (P&I): −$760
• Tax from tax record: −$283 /mo · $3,394/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $153

Break-even live

Break-even rent $1,396

Max offer price $144,900

Occupancy floor 85%

Sensitivity live

Price	-10% $235	-5% $194	+0% $153	+5% $112	+10% $71
Rent	-10% $27	-5% $90	+0% $153	+5% $215	+10% $278
Rate	-1.0pp $226	-0.5pp $190	base $153	+0.5pp $115	+1.0pp $77

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4842 Larkhaven Dr Toledo, OH	3.0	3.0	1594	$2,400	$1.51	24d	1	0.60mi
4102 Garden Estates Dr Unit 4 Toledo, OH	2.0	2.0	1200	$995	$0.83	15d	1	0.77mi
4667 Imperial Dr Toledo, OH	3.0	1.5	1180	$1,400	$1.19	45d	1	1.26mi
4828 Whiteford Rd Toledo, OH	2.0	2.0	1157	$1,947	$1.68	45d	1	1.35mi
3433 Oak Alley Ct Toledo, OH	1.0	1.0	1112	$2,455	$2.21	15d	1	1.36mi

Listing history 7 events

1. 2026-06-21
   statusdays on market $144,900 Pending 7 DOM
2. 2026-06-18
   days on market $144,900 Active 6 DOM
3. 2026-06-17
   days on market $144,900 Active 5 DOM
4. 2026-06-16
   days on market $144,900 Active 4 DOM
5. 2026-06-15
   days on market $144,900 Active 3 DOM
6. 2026-06-13
   remarks 591-char remark
7. 2026-06-13
   listed $144,900 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 OH · Partial reset (capped growth)

• Current annual tax: $3,394 · $283/mo
• Projected year-2 tax: $3,394 · $283/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 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: $19,075
• − Mortgage interest: −$8,117
• − Property taxes: −$3,394
• − Insurance: −$724
• − Repairs & maintenance: −$1,526
• − Management: −$1,526
• − Depreciation: −$4,215
• Taxable loss: −$428
• Est. tax savings @ 24.0%: +$103
• After-tax cash flow: $1,934/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: Washington Local
• NCES district ID: 3904823
• Math proficiency: 37% ▼ -20.00%
• Reading proficiency: 47% ▼ -11.00%
• Median HH income: $42,105
• Composite: 35.36/100
• National rank: #4957
• State rank: #528 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): 20,267
• Household income: $71,171
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 617.0

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 8% Two or more races 7% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Romanian 11% Lithuanian 5% Slovak 3%
• Foreign-born: 5% · Canada, China
• Languages at home: 90% English-only · Arabic 4% Spanish 2% Other Indo-European 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: ▼ -51.92%
• Current HPI: 209.8555
• 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

+160.1% since first listed

3 events — show timeline

• 2026-06-12 Listed $144,900 NORIS
• 1991-08-01 Sold (Public Records) $67,500 Public Records
• 1985-12-31 Sold (Public Records) $55,700 Public Records

Property tax history

+3.1%/yr

Latest (2025): $3,394 · +1.6% YoY. Source: county tax records.