3842 Seckinger Dr · Toledo, OH 43613

$84,900

1 bd · 1.0 ba · 728 sqft · SingleFamily public records · 1 Days on market

Built 1947 4,900 sqft lot Est $102k · 17% 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 +15.6/30.0
• ARV discount +15.0/15.0
• 1% rule +4.8/10.0
• DSCR +4.8/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT VALUE * SQ FOOTAGE ON RECORD DOES NOT INCLUED 2 FINISHED ROOMS UP * EXTRA STORAGE * GFA/CA * CLEAN AS CAN BE * A GREAT STARTER HOUSE!

Key facts

• 4,900 sq ft lot
• Garage
• Built 1947

Property features AI

Exterior

• Parking: Detached garage (1 space, 1 total parking)
• Utilities: Public water; Public sewer; 100 Amp electric service; Electricity available; Natural gas available; Cable, internet and WiFi available
• Home design: Single-family residence (house); One and one-half levels; Not attached to other structures; No common walls
• Construction: Metal siding; Crawl space foundation; Estimated living area approximately 728
• Exterior features: Shingle roof; City street frontage

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: Bedroom 2 on the upper level; Additional upper-level room noted as attic/other
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating
• Interior features: Eat-in kitchen; 6 total rooms
• Laundry & utility: Washer and dryer included; Laundry on main level; Water heater

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $35 ($422/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 $83k (2.3% below list).
• Recommended offer: $83k (2.3% below list) — sets the bar for 1% rule.

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.
• 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.
• Zoned schools: Elmhurst Elementary School (math 59% / reading 57%, grade C+, #714 of 1,584 statewide, top 45%, 382 students, 28% FRL); Start High School (math 11% / reading 33%, grade F, #672 of 781 statewide, top 86%, 1,242 students, 50% FRL) — zoned schools average 39% FRL vs 72% district-wide (32 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 40% at this address vs 20% district-wide (+20 pts) — the actual schools serving this property are materially stronger than the Toledo City average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+3.3%/yr); 111 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• This rent is only 15% 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 $587 of loan paydown is wiped out by about $3k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $72k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $82,922 (2.3% below list)

Questions for the listing agent

1. Built in 1947 — 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: 0.98% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.77%
• DSCR: 1.08
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $101,920
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2621 Grantwood Dr	0.70mi	2/1.0 (+1)	728 (0%)	1mo	$135,900	$187	61
4222 Garrison Rd	0.47mi	2/1.0 (+1)	786 (+8%)	24mo	$110,000	$140	40
2624 Grantwood Dr	0.72mi	2/1.0 (+1)	832 (+14%)	7mo	$70,000	$84	32

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 · 3.3% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.53×
• Total profit: $-11,235
• Equity at exit: $12,659

10-year hold

• IRR: -3.6%
• Equity multiple: 0.76×
• Total profit: $-5,730
• Equity at exit: $7,341

Cash invested: $23,772 (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 43613

• Home prices YoY: -20.7%
• Rents YoY: 3.3%
• Active inventory: 111
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $829 high
• Mortgage (P&I): −$445
• Tax from tax record: −$139 /mo · $1,672/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$174
• Net cashflow: $35

Break-even live

Break-even rent $785

Max offer price $84,900

Occupancy floor 91%

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3070 Carskaddon Ave Toledo, OH	1.0–2.0	1.0	805	$850	$1.06	13d	1	0.36mi
4137 Secor Rd Toledo, OH	1.0–2.0	1.0	750	$818	$1.09	13d	7	0.43mi
3045 Ilger Ave Toledo, OH	1.0–2.0	1.0	585	$709	$1.21	13d	8	0.54mi
3519 Secor Rd Toledo, OH	1.0–2.0	1.0	728	$775	$1.06	13d	5	0.57mi
3640 Douglas Rd Toledo, OH	1.0	1.0	720	$784	$1.09	43d	1	0.79mi
3010 W Central Ave #108 Toledo, OH	—	1.0	500	$735	$1.47	43d	1	0.81mi
3433 Douglas Rd Unit 3 Toledo, OH	1.0	1.0	750	$755	$1.01	13d	1	0.86mi
2956 Central Ave Toledo, OH	1.0	1.0	747	$1,235	$1.65	13d	1	0.87mi
4103 Harvest Ln Toledo, OH	1.0	1.0	590	$745	$1.26	43d	2	0.89mi
4109 Harvest Ln Toledo, OH	2.0	1.0	750	$1,195	$1.59	13d	1	0.91mi
3838 W Sylvania Ave Toledo, OH	1.0–2.0	1.0	725	$995	$1.37	13d	2	0.91mi
4060 Royer Rd Toledo, OH	1.0	1.0	515	$725	$1.41	43d	1	0.97mi
4040 Royer Rd Unit 37 Toledo, OH	1.0	1.0	515	$756	$1.47	43d	1	0.97mi
4040 Royer Rd Unit 34 Toledo, OH	1.0	1.0	515	$725	$1.41	43d	1	0.97mi
4050 Royer Rd Toledo, OH	1.0	1.0	515	$756	$1.47	43d	1	0.97mi
3355 W Laskey Rd Toledo, OH	2.0	1.0	750	$850	$1.13	13d	2	1.18mi
3355 W Laskey Rd Apt 24 Toledo, OH	2.0	1.0	750	$850	$1.13	23d	1	1.18mi
3160 Matson Apt 27 Toledo, OH	1.0	1.0	567	$725	$1.28	21d	1	1.25mi
3150 Matson Unit 17 Toledo, OH	1.0	1.0	567	$799	$1.41	21d	1	1.25mi
4836 Douglas Rd Unit 6 Toledo, OH	1.0	1.0	600	$695	$1.16	23d	1	1.26mi
2650 Christie St Toledo, OH	1.0–2.0	1.0	800	$749	$0.94	43d	1	1.28mi
2027 Berkshire Pl Toledo, OH	2.0	1.0	600	$845	$1.41	23d	1	1.30mi
5080 Secor Rd Toledo, OH	1.0–2.0	1.0–1.5	699	$750	$1.07	43d	1	1.30mi
4912 Douglas Rd Unit 2459-2F Toledo, OH	1.0	1.0	495	$650	$1.31	43d	1	1.31mi
2704 Kenwood Blvd Toledo, OH	1.0–3.0	1.0	825	$903	$1.09	13d	71	1.34mi
2255 W Laskey Rd Unit 14 Toledo, OH	2.0	1.0	650	$775	$1.19	21d	1	1.50mi
2255 W Laskey Rd Apt 10 Toledo, OH	2.0	1.0	650	$775	$1.19	13d	1	1.50mi

Listing history 5 events

1. 2026-05-23
   historical $84,900
2. 2025-10-09
   price $71,500 139-char remark

   Show marketing remark (139 chars)

   GREAT VALUE * SQ FOOTAGE ON RECORD DOES NOT INCLUED 2 FINISHED ROOMS UP * EXTRA STORAGE * GFA/CA * CLEAN AS CAN BE * A GREAT STARTER HOUSE!

3. 2004-04-05
   soldstatus $71,500
4. 2004-03-31
   soldstatus $71,500 139-char remark

   Show marketing remark (139 chars)

   GREAT VALUE * SQ FOOTAGE ON RECORD DOES NOT INCLUED 2 FINISHED ROOMS UP * EXTRA STORAGE * GFA/CA * CLEAN AS CAN BE * A GREAT STARTER HOUSE!

5. 2003-12-11
   listed $79,900 139-char remark

   Show marketing remark (139 chars)

   GREAT VALUE * SQ FOOTAGE ON RECORD DOES NOT INCLUED 2 FINISHED ROOMS UP * EXTRA STORAGE * GFA/CA * CLEAN AS CAN BE * A GREAT STARTER HOUSE!

ⓘ 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: $1,672 · $139/mo
• Projected year-2 tax: $1,672 · $139/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: $9,951
• − Mortgage interest: −$4,756
• − Property taxes: −$1,672
• − Insurance: −$424
• − Repairs & maintenance: −$796
• − Management: −$796
• − Depreciation: −$2,470
• Taxable loss: −$963
• Est. tax savings @ 24.0%: +$231
• After-tax cash flow: $653/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): 30,780
• Household income: $64,384
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 917.0

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 (71%)
• Race & ethnicity: White 71% Black 15% Two or more races 10% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 9% Lithuanian 3% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% Arabic 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: ▼ -62.37%
• Current HPI: 239.1345
• Rent YoY: ▲ 3.30%
• 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

+6.3% since first listed

5 events — show timeline

• 2026-05-23 Coming Soon $84,900 NORIS
• 2025-10-09 Price Changed $71,500 NORIS
• 2004-04-05 Sold (Public Records) $71,500 Public Records
• 2004-03-31 Sold (MLS) $71,500 NORIS
• 2003-12-11 Listed $79,900 NORIS

Property tax history

+2.2%/yr

Latest (2025): $1,672 · +0.4% YoY. Source: county tax records.