207-209 N Bechtle Ave · Springfield, OH 45504

$175,000

6 bd · 2.0 ba · 2,176 sqft · SingleFamily · 4 Days on market

Built 1927 Poor condition 3,920 sqft lot Est $168k · at est.

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Why this score? — see what drove the D 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 +17.2/30.0
• ARV discount +5.5/15.0
• DSCR +5.4/10.0
• 1% rule +4.7/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Schools +1.9/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Calling all investors! Whether you're looking for your first investment property or adding to an existing portfolio, this fully rented duplex is one worth checking out. With established tenants already in place, you can start generating income from day one. This versatile property also offers a great opportunity for an owner-occupant. Live in one unit while renting the other to help offset your mortgage and build equity at the same time. Conveniently located and offering strong rental potential, this multifamily property is an excellent addition to any real estate strategy. Don't miss your chance to own an income-producing property with plenty of possibilities!

Key facts

• 3,920 sq ft lot
• 2 garage spots
• Built 1927

Property features AI

Finance

• Other: Separate meters (utilities)
• Financial info: Not specified
• HOA & community: Subdivision: Bechtle

Exterior

• Parking: 2-car garage
• Security: Smoke detector(s)
• Utilities: Public sewer; Natural gas connected; Sewer connected; Supplied water
• Home design: Duplex; Single family residence (sub type); Built in 1927; Lot dimensions approximately 40 x 96
• Construction: Vinyl siding; Concrete perimeter foundation
• Exterior features: Porch; Residential lot

Interior

• Kitchen: Gas water heater (appliance)
• Bedrooms: Not specified
• Flooring: Carpet; Hardwood; Linoleum; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Natural gas heating
• Interior features: Smoke detectors installed; Partial window coverings; Living room
• Laundry & utility: Separate meters

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $175k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $126 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (3.4% below list).
• Recommended offer: $169k (3.4% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 4.7% in Springfield — 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 56/100 on livability (#1,108 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Springfield City School District (urban): math 20% / reading 27% proficiency, ranked #616 of 656 in OH (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Snyder Park Elementary School (math 27% / reading 32%, grade F, #1,158 of 1,584 statewide, top 75%, 301 students, 0% FRL); Roosevelt Middle School (math 30% / reading 36%, grade F, #553 of 654 statewide, top 85%, 397 students, 0% FRL); Springfield High School (math 17% / reading 31%, grade F, #665 of 781 statewide, top 85%, 1,516 students, 0% FRL) — zoned schools average 0% FRL vs 75% district-wide (75 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 94 active listings in the ZIP; 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).
• This rent runs 30% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Clark County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $169,090 (3.4% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.97% ✗
• Cap rate: 7.16%
• Cash-on-cash: 3.10%
• DSCR: 1.14
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $167,552
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
821 W Columbia St	0.46mi	6/2.0	1,914 (-12%)	10mo	$45,000	$24	50
640 Rubsam St	0.66mi	5/2.0 (-1)	2,239 (+3%)	23mo	$172,000	$77	40

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: -11.4%
• Equity multiple: 0.59×
• Total profit: $-20,280
• Equity at exit: $26,093

10-year hold

• IRR: -2.2%
• Equity multiple: 0.85×
• Total profit: $-7,187
• Equity at exit: $15,131

Cash invested: $49,000 (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 45504

• Active inventory: 94
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,691 medium
• Mortgage (P&I): −$918
• Tax est. 1.5%: −$219 /mo · $2,625/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $126

Break-even live

Break-even rent $1,531

Max offer price $175,000

Occupancy floor 88%

Sensitivity live

Price	-10% $247	-5% $187	+0% $126	+5% $66	+10% $5
Rent	-10% $-7	-5% $60	+0% $126	+5% $193	+10% $260
Rate	-1.0pp $215	-0.5pp $171	base $126	+0.5pp $81	+1.0pp $35

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-22
   days on market $175,000 Active 4 DOM
2. 2026-06-19
   remarks 669-char remark
3. 2026-06-19
   listed $175,000 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥100°F today · 18 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: $20,291
• − Mortgage interest: −$9,803
• − Property taxes: −$2,625
• − Insurance: −$875
• − Repairs & maintenance: −$1,623
• − Management: −$1,623
• − Depreciation: −$5,091
• Taxable loss: −$1,349
• Est. tax savings @ 24.0%: +$324
• After-tax cash flow: $1,841/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.

Condition & rehab AI · 3 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates, including a new roof, siding, and landscaping, to become move-in ready and significantly increase its value.

Repairs flagged

• Major roof — Significant damage to the roof with visible holes and missing shingles.
• Major exterior siding — Weathered and peeling siding with visible damage and discoloration.
• Major HVAC/mechanicals — No specific photos, but the property is described as needing extensive repairs.
• Major landscaping — Overgrown and unkempt landscaping with debris around the foundation.
• Major interior walls/paint — No specific photos, but exterior suggests older paint that may need repainting.
• Major flooring — No specific photos, but exterior suggests older flooring that may need replacement.

Value-add opportunities

• Both repair and replace roof — A new roof would significantly improve the home's appearance and functionality.
• Both repair and replace exterior siding — New siding would improve the home's curb appeal and increase its value.
• Both landscaping and yard maintenance — A well-maintained yard would enhance the home's curb appeal and rental potential.
• Both HVAC and mechanicals — Upgrading HVAC and mechanicals would improve comfort and energy efficiency, increasing both resale and rental value.
• Both paint and interior updates — Fresh paint and interior updates would improve the home's appearance and increase its value for both resale and rental.
• Both flooring replacement — New flooring would improve the home's appearance and increase its value for both resale and rental.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Significant damage to the roof with visible holes and missing shingles.	Major	$15,000–50,000
exterior siding · Weathered and peeling siding with visible damage and discoloration.	Major	$15,000–50,000
HVAC/mechanicals · No specific photos, but the property is described as needing extensive repairs.	Major	$15,000–50,000
landscaping · Overgrown and unkempt landscaping with debris around the foundation.	Major	$15,000–50,000
interior walls/paint · No specific photos, but exterior suggests older paint that may need repainting.	Major	$15,000–50,000
flooring · No specific photos, but exterior suggests older flooring that may need replacement.	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Both repair and replace roof — A new roof would significantly improve the home's appearance and functionality. ↑
• Both repair and replace exterior siding — New siding would improve the home's curb appeal and increase its value. ↑
• Both landscaping and yard maintenance — A well-maintained yard would enhance the home's curb appeal and rental potential. ↑
• Both HVAC and mechanicals — Upgrading HVAC and mechanicals would improve comfort and energy efficiency, increasing both resale and rental value. ↑
• Both paint and interior updates — Fresh paint and interior updates would improve the home's appearance and increase its value for both resale and rental. ↑
• Both flooring replacement — New flooring would improve the home's appearance and increase its value for both resale and rental. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Springfield City School District
• NCES district ID: 3904481
• Math proficiency: 20% ▼ -16.00%
• Reading proficiency: 27% ▼ -12.00%
• Median HH income: $32,541
• Composite: 19.12/100
• National rank: #8834
• State rank: #616 of 656 in OH

Livability — Springfield

• Score: 56/100
• State rank: #1108
• US rank: #22551

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, OH
• County: Clark · 134,280 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 16,654
• Household income: $67,334
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 6.4

Population outlook (Clark County) Hauer SSP2

• Today (2025): 130,703 people
• By 2030: 126,952 · -2.9%
• By 2040: 118,344 · -9.5%
• By 2050: 109,590 · -16.2%
• By 2075: 89,464 · -31.6%
• By 2100: 68,810 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Black 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Clark

• 2024 margin: Strong R (+29.5) · D 34.8% · R 64.3%
• 2008→2024 swing: -27.0pp toward R · 2008: -2.5pp · 2024: -29.5pp
• All cycles: 2024: R+29.5 2020: R+23.3 2016: R+19.5 2012: R+1.8 2008: R+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -138.72%
• Current HPI: 240.7049
• 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

1 event — show timeline

• 2026-06-18 Listed $175,000 WRIST