196 Sheffield St · Bellevue, OH 44811

$80,000

2 bd · 1.5 ba · 1,150 sqft · SingleFamily public records · 81 Days on market

Built 1949 7,623 sqft lot $70/sqft · 47% below area Est $151k · 47% under ↓ 15% since listing

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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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +6.1/10.0
• Schools +5.2/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Foreclosure Auction. Min Bid $80,000. Online Auction. Bidding starts on June 11th at 9:00am and bidding closes on June 18th at 2:00PM. 2 bedroom, 1.5 home with partially finished basement that has been waterproofed. Hardwood floors in bedrooms. This is the perfect investment for a flip or your new home with instant equity. Huge opportunity.

Key facts

• 7,623 sq ft lot
• Garage
• Built 1949

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $118 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($884 rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.2% in Bellevue — 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 77/100 on livability (#181 in OH, #2,807 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Bellevue City (town): math 56% / reading 65% proficiency, ranked #280 of 656 in OH (top 43%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 44 active listings in the ZIP; 40 units permitted in Huron County in 2024 (0 in 5+ unit buildings).
• This rent is only 16% of the median local income ($64k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Huron County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y 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.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — 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 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?
6. 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.
7. 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.
8. 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: 1.11% ✓
• Cap rate: 8.06%
• Cash-on-cash: 6.30%
• DSCR: 1.28
• GRM: 7.5

CMA / ARV

• ARV (median comp): $151,286
• List price: $80,000
• Delta: -47.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
418 Brinker St	0.17mi	2/2.0	1,174 (+2%)	1mo	$145,900	$124	86
140 Harkness St	0.36mi	3/1.0 (+1)	1,128 (-2%)	6mo	$150,000	$133	69
527 Strayer Dr	0.12mi	3/1.0 (+1)	1,120 (-3%)	19mo	$178,190	$159	68
309 Lyme St	0.54mi	2/1.5	1,174 (+2%)	9mo	$138,000	$118	64
426 Moore Ave	0.53mi	3/2.0 (+1)	1,188 (+3%)	2mo	$139,000	$117	61
115 Wood St	0.28mi	3/1.0 (+1)	1,032 (-10%)	4mo	$95,000	$92	59
311 N Sandusky St	0.62mi	3/1.5 (+1)	1,056 (-8%)	3mo	$136,000	$129	49
128 East St	0.65mi	3/1.5 (+1)	1,032 (-10%)	1mo	$164,000	$159	46
430 Castalia St	0.68mi	2/1.5	1,314 (+14%)	6mo	$121,000	$92	39
109 North St	0.72mi	3/1.0 (+1)	1,242 (+8%)	15mo	$169,000	$136	33
249 Madden St	0.70mi	3/1.5 (+1)	1,244 (+8%)	19mo	$158,000	$127	33
221 S Buckeye St	0.64mi	2/1.0	982 (-15%)	19mo	$130,000	$132	28

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: -6.6%
• Equity multiple: 0.76×
• Total profit: $-5,441
• Equity at exit: $11,928

10-year hold

• IRR: 3.1%
• Equity multiple: 1.22×
• Total profit: $5,032
• Equity at exit: $6,917

Cash invested: $22,400 (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 44811

• Home prices YoY: -28.7%
• Active inventory: 44
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $884 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$128 /mo · $1,536/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$186
• Net cashflow: $118

Break-even live

Break-even rent $735

Max offer price $80,000

Occupancy floor 82%

Sensitivity live

Price	-10% $163	-5% $140	+0% $118	+5% $95	+10% $72
Rent	-10% $48	-5% $83	+0% $118	+5% $153	+10% $187
Rate	-1.0pp $158	-0.5pp $138	base $118	+0.5pp $97	+1.0pp $76

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-21
   days on market $80,000 Active 81 DOM
2. 2026-06-21
   days on market $80,000 Active 80 DOM
3. 2026-06-18
   days on market $80,000 Active 78 DOM
4. 2026-06-17
   days on market $80,000 Active 77 DOM
5. 2026-06-16
   days on market $80,000 Active 76 DOM
6. 2026-06-15
   days on market $80,000 Active 75 DOM
7. 2026-06-13
   days on market $80,000 Active 73 DOM
8. 2026-06-12
   days on market $80,000 Active 72 DOM
9. 2026-06-09
   days on market $80,000 Active 69 DOM
10. 2026-06-08
    days on market $80,000 Active 68 DOM
11. 2026-06-07
    days on market $80,000 Active 67 DOM
12. 2026-06-07
    days on market $80,000 Active 66 DOM
13. 2026-06-04
    days on market $80,000 Active 63 DOM
14. 2026-06-02
    days on market $80,000 Active 62 DOM
15. 2026-06-01
    days on market $80,000 Active 61 DOM
16. 2026-05-31
    days on market $80,000 Active 60 DOM
17. 2026-04-01
    listed $80,000 Active 343-char remark

    Show marketing remark (343 chars)

    Foreclosure Auction. Min Bid $80,000. Online Auction. Bidding starts on June 11th at 9:00am and bidding closes on June 18th at 2:00PM. 2 bedroom, 1.5 home with partially finished basement that has been waterproofed. Hardwood floors in bedrooms. This is the perfect investment for a flip or your new home with instant equity. Huge opportunity.

18. 2018-12-14
    soldstatus $92,500 338-char remark

    Show marketing remark (338 chars)

    Looking for a ranch home, look no further. This move in ready home offers 2 bedroom with natural wood floors, 1 full bath, large living room and a eat in kitchen. Owner moved the hook ups for the washer and dryer up into the dining room, could easily be moved back into the basement. The partially finished basement had been waterproofed.

19. 2018-12-14
    soldstatus $92,500

    Show marketing remark (338 chars)

    Looking for a ranch home, look no further. This move in ready home offers 2 bedroom with natural wood floors, 1 full bath, large living room and a eat in kitchen. Owner moved the hook ups for the washer and dryer up into the dining room, could easily be moved back into the basement. The partially finished basement had been waterproofed.

20. 2018-09-11
    listed $94,000 338-char remark

    Show marketing remark (338 chars)

    Looking for a ranch home, look no further. This move in ready home offers 2 bedroom with natural wood floors, 1 full bath, large living room and a eat in kitchen. Owner moved the hook ups for the washer and dryer up into the dining room, could easily be moved back into the basement. The partially finished basement had been waterproofed.

ⓘ 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: $1,536 · $128/mo
• Projected year-2 tax: $1,536 · $128/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 ≥97°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,611
• − Mortgage interest: −$4,481
• − Property taxes: −$1,536
• − Insurance: −$400
• − Repairs & maintenance: −$849
• − Management: −$849
• − Depreciation: −$2,327
• Taxable income: $168
• Est. tax owed @ 24.0%: −$40
• After-tax cash flow: $1,371/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: Bellevue City
• NCES district ID: 3904359
• Math proficiency: 56% ▼ -18.00%
• Reading proficiency: 65% ▼ -10.00%
• Median HH income: $52,591
• Composite: 51.71/100
• National rank: #1687
• State rank: #280 of 656 in OH

Livability — Bellevue

• Score: 77/100
• State rank: #181
• US rank: #2807

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bellevue, OH
• County: Seneca · 70,739 people
• Population (ZIP): 12,486
• Household income: $64,453
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 1.6

Population outlook (Huron County) Hauer SSP2

• Today (2025): 55,572 people
• By 2030: 53,514 · -3.7%
• By 2040: 48,770 · -12.2%
• By 2050: 43,611 · -21.5%
• By 2075: 32,349 · -41.8%
• By 2100: 21,849 · -60.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 4% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada, China
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 0%

Political lean MEDSL · Huron

• 2024 margin: Solid R (+44.0) · D 27.6% · R 71.6%
• 2008→2024 swing: -40.9pp toward R · 2008: -3.1pp · 2024: -44.0pp
• All cycles: 2024: R+44.0 2020: R+41.2 2016: R+36.4 2012: R+8.9 2008: R+3.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.28%
• Current HPI: 206.4977
• Rent YoY: —
• Metro: —
• 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

-14.9% since first listed

4 events — show timeline

• 2026-04-01 Listed $80,000 NORIS
• 2018-12-14 Sold (Public Records) $92,500 Public Records
• 2018-12-14 Sold (MLS) $92,500 FAOR
• 2018-09-11 Listed $94,000 FAOR

Property tax history

+5.6%/yr

Latest (2025): $1,536 · -0.1% YoY. Source: county tax records.