1950 N Ontario St · Toledo, OH 43611

$26,000

3 bd · 1.0 ba · 947 sqft · SingleFamily public records · 23 Days on market

Built 1862 Est $28k · 8% under

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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 +15.0/30.0
• ARV discount +11.3/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks

This 3-bed 1-bath home built in 1862, is looking for its new owners. This would be a great investment home for an investor or a project home for someone looking for their own home. Text call or email Victoria. @ 620-288-9217 for any inquires

Key facts

• Built 1862
• Listed 23 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $26k.

Deal economics

• At list price, monthly cash flow is $659 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $26k).
• Recommended offer: $26k (1.5% below list) — sets the bar for market timing.
• Cap rate 36.7% vs local median 7.6% in Toledo — 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 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-, schools D-, crime F.
• Toledo City (urban): math 15% / reading 24% proficiency, ranked #634 of 656 in OH (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 64 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 $180 of loan paydown is wiped out by about $780 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($26k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $7k; list at $26k implies a 271% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1862 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $25,610 (1.5% below list)

Questions for the listing agent

1. Built in 1862 — 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. 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: 4.17% ✓
• Cap rate: 36.69%
• Cash-on-cash: 108.57%
• DSCR: 5.83
• GRM: 2.0

CMA / ARV

• ARV (on-the-fly): $28,410
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1919 N Ontario St	0.07mi	3/1.0	890 (-6%)	8mo	$27,000	$30	80
813 Galena St	0.10mi	2/1.0 (-1)	990 (+4%)	15mo	$14,000	$14	70
832 Stickney Ave	0.46mi	2/1.0 (-1)	900 (-5%)	10mo	$35,000	$39	57
1631 N Erie St	0.43mi	2/1.0 (-1)	856 (-10%)	4mo	$17,000	$20	56
2830 F St	0.53mi	3/1.0	1,041 (+10%)	5mo	$52,500	$50	54
1411 N Erie St	0.71mi	3/1.0	1,010 (+7%)	10mo	$25,000	$25	48
2422 N Ontario St	0.52mi	2/1.0 (-1)	814 (-14%)	2mo	$55,000	$68	46

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: —
• Equity multiple: 6.19×
• Total profit: $37,766
• Equity at exit: $3,877

10-year hold

• IRR: —
• Equity multiple: 12.95×
• Total profit: $87,016
• Equity at exit: $2,248

Cash invested: $7,280 (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 43611

• Home prices YoY: -24.4%
• Active inventory: 64
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,083 high
• Mortgage (P&I): −$136
• Tax from tax record: −$50 /mo · $600/yr
• Insurance: −$11
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $659

Break-even live

Break-even rent $250

Max offer price $26,000

Occupancy floor 34%

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: $6,500
• Closing costs: $780
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1951 N Summit St Unit 2 Toledo, OH	2.0	1.0	835	$800	$0.96	44d	1	0.20mi
413 Sandusky St Toledo, OH	2.0	1.0	900	$775	$0.86	23d	1	0.66mi
630 Mulberry St Toledo, OH	2.0	1.0	1000	$950	$0.95	23d	1	0.81mi
1848 Genesee St Toledo, OH	3.0	1.0	1069	$1,200	$1.12	44d	1	0.98mi
1848 Genesee St Toledo, OH	3.0	1.0	1069	$1,300	$1.22	23d	1	0.98mi
2932 N Ontario St Toledo, OH	2.0	1.0	750	$750	$1.00	23d	1	0.99mi
1119 N Summit St Toledo, OH	1.0–2.0	1.0–2.0	1023	$1,750	$1.71	14d	2	1.01mi
21 Magyar St Toledo, OH	2.0	1.0	680	$1,050	$1.54	44d	1	1.05mi
3405 Beaumont Dr Toledo, OH	2.0	1.0	855	$745	$0.87	14d	1	1.11mi
128 Carbon St Toledo, OH	3.0	1.0	1113	$1,200	$1.08	23d	1	1.11mi
2514 York St Unit Back Toledo, OH	2.0	1.0	696	$850	$1.22	14d	1	1.16mi
3439 Jeannette Ave Toledo, OH	3.0	1.0	1098	$1,095	$1.00	44d	1	1.19mi
251 Graham St Apt A Toledo, OH	2.0	1.0	625	$850	$1.36	44d	1	1.21mi
626 Walnut St Toledo, OH	3.0	1.0	1088	$995	$0.91	44d	1	1.26mi
3474 Maher St Toledo, OH	2.0	1.0	736	$1,125	$1.53	44d	1	1.26mi
221 Licking St Unit 2 Toledo, OH	3.0	1.0	1048	$1,099	$1.05	23d	1	1.26mi
420 Everett St Toledo, OH	2.0	1.0	1000	$975	$0.97	23d	1	1.28mi
1305 Mott Ave Toledo, OH	3.0	1.0	1080	$1,000	$0.93	44d	1	1.28mi
329 Mettler St Toledo, OH	2.0	1.0	908	$975	$1.07	14d	1	1.34mi
319 Dexter St Toledo, OH	2.0	1.0	990	$1,005	$1.02	44d	1	1.41mi
225 Palmer St Toledo, OH	2.0	1.0	924	$895	$0.97	44d	1	1.42mi
227 Everett St Toledo, OH	2.0	1.0	914	$850	$0.93	44d	1	1.43mi
524 E Hudson St Toledo, OH	2.0	1.0	1050	$825	$0.79	44d	1	1.43mi
622 Whitlock Ave Toledo, OH	3.0	1.0	925	$1,195	$1.29	44d	1	1.44mi
625 Riverside Dr Toledo, OH	1.0–2.0	1.0–2.0	860	$1,767	$2.05	14d	37	1.45mi

Listing history 17 events

1. 2026-06-18
   days on market $26,000 Active 23 DOM
2. 2026-06-17
   days on market $26,000 Active 22 DOM
3. 2026-06-16
   days on market $26,000 Active 21 DOM
4. 2026-06-15
   days on market $26,000 Active 20 DOM
5. 2026-06-14
   days on market $26,000 Active 18 DOM
6. 2026-06-10
   days on market $26,000 Active 15 DOM
7. 2026-06-09
   days on market $26,000 Active 14 DOM
8. 2026-06-08
   days on market $26,000 Active 13 DOM
9. 2026-06-07
   days on market $26,000 Active 12 DOM
10. 2026-06-05
    days on market $26,000 Active 9 DOM
11. 2026-06-03
    days on market $26,000 Active 8 DOM
12. 2026-06-02
    days on market $26,000 Active 7 DOM
13. 2026-06-01
    days on market $26,000 Active 6 DOM
14. 2026-05-31
    days on market $26,000 Active 5 DOM
15. 2026-05-30
    days on market $26,000 Active 4 DOM
16. 2026-05-26
    listed $26,000 Active
17. 1993-07-15
    soldstatus $7,000

ⓘ 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: $600 · $50/mo
• Projected year-2 tax: $600 · $50/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 ≥100°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: $13,000
• − Mortgage interest: −$1,456
• − Property taxes: −$600
• − Insurance: −$130
• − Repairs & maintenance: −$1,040
• − Management: −$1,040
• − Depreciation: −$756
• Taxable income: $7,978
• Est. tax owed @ 24.0%: −$1,915
• After-tax cash flow: $5,990/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: Toledo City
• NCES district ID: 3904490
• Math proficiency: 15% ▼ -16.00%
• Reading proficiency: 24% ▼ -13.00%
• Median HH income: $32,137
• Composite: 15.76/100
• National rank: #9276
• State rank: #634 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): 18,664
• Household income: $62,042
• Rent vs Own: 28.2% rent · 71.8% own
• Severe rent burden: 298.0

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 (77%)
• Race & ethnicity: White 77% Black 11% Hispanic / Latino 8% Two or more races 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 13% Lithuanian 5% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 2% French/Haitian/Cajun 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: ▼ -79.15%
• Current HPI: 245.2841
• 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

+271.4% since first listed

2 events — show timeline

• 2026-05-26 Listed $26,000 FSBO.com
• 1993-07-15 Sold (Public Records) $7,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $600 · +2.8% YoY. Source: county tax records.