3375 County Road 170 · Fremont, OH 43420

$159,900

3 bd · 1.5 ba · 1,496 sqft · SingleFamily public records · 3 Days on market

Built 1973 0.53 ac lot

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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 +13.9/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• 1% rule +3.8/10.0
• Livability +3.7/5.0
• Schools +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bring your vision and ideas to this spacious 3-bedroom, 1.5-bath home with a floor plan that offers incredible potential! While the property is in need of repairs and updates, the layout provides an excellent foundation for creating your dream home or investment opportunity. The heart of the home is the large, open kitchen with abundant space for cooking, gathering, and entertaining. The primary bedroom features both a walk-in closet and an additional double closet, along with a convenient attached half bath. The full bathroom includes a garden tub and separate stand-alone shower plus open ceiling with skylights. An open staircase leads to the full basement, offering additional storage and possibilities. The oversized attached garage includes attic storage, providing plenty of room for vehicles, tools, and seasonal items. Additional features include well water and aeration system and a partial roof replacement completed in 2020. With generous room sizes, and a desirable layout, this home is ready for someone to unlock its full potential and make it shine once again. Home is being sold AS IS, the seller agrees to leave the existing appliances currently located in the Property for the Buyer's convenience. However, all appliances are being conveyed in their present AS IS condition. Seller makes no representations regarding the condition.

Key facts

• Double closet
• Open ceiling
• Walk-in closet

Tags

• LARGE OPEN KITCHEN
• WALK-IN CLOSET
• DOUBLE CLOSET
• GARDEN TUB
• STAND-ALONE SHOWER
• OPEN CEILING

Property features AI

Exterior

• Parking: Attached 2-car garage; Concrete driveway/parking
• Utilities: Electricity connected; Well water; Septic sewer
• Home design: Single-family home; One story
• Construction: Aluminum siding; Combination foundation
• Exterior features: Asphalt roof

Interior

• Kitchen: Kitchen on main level (19 x 16)
• Bedrooms: Bedroom 2 on main level (13.5 x 9.11); Bedroom 3 on main level (14 x 19.1)
• Flooring: Combination flooring
• Bathrooms: 1 full bathroom; 1 half bathroom (total 1.5 bathrooms)
• Heating & cooling: Forced air heating (propane); Central air conditioning
• Interior features: Storage; Ceiling fans; Basement present; 6 total rooms
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $18 ($217/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 $140k (12.2% below list).
• Recommended offer: $140k (12.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#283 in OH, #4,637 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Fremont City (town): math 35% / reading 44% proficiency, ranked #543 of 656 in OH (top 83%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Otis Elementary School (math 47% / reading 52%, grade D, #906 of 1,584 statewide, top 59%, 361 students, 0% FRL); Fremont Middle School (math 32% / reading 39%, grade F, #544 of 654 statewide, top 83%, 840 students, 56% FRL); Fremont Ross High School (math 17% / reading 45%, grade F, #614 of 781 statewide, top 79%, 1,021 students, 53% FRL) — zoned schools average 36% FRL vs 54% district-wide (17 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 91 active listings in the ZIP; 23 units permitted in Sandusky County in 2024 (0 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 $5k of value loss. Plan a longer hold.
• Sandusky County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $122k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $140,448 (12.2% below list)

Questions for the listing agent

1. Built in 1973 — 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 B-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?
4. 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?
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: 0.88% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.48%
• DSCR: 1.02
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.45×
• Total profit: $-24,745
• Equity at exit: $23,842

10-year hold

• IRR: -7.0%
• Equity multiple: 0.55×
• Total profit: $-20,012
• Equity at exit: $13,825

Cash invested: $44,772 (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 43420

• Home prices YoY: -32.4%
• Active inventory: 91
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,404 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$186 /mo · $2,235/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $18

Break-even live

Break-even rent $1,382

Max offer price $159,900

Occupancy floor 94%

Sensitivity live

Price	-10% $109	-5% $63	+0% $18	+5% $-27	+10% $-72
Rent	-10% $-93	-5% $-37	+0% $18	+5% $74	+10% $129
Rate	-1.0pp $99	-0.5pp $59	base $18	+0.5pp $-23	+1.0pp $-65

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-21
   days on market $159,900 Active 3 DOM
2. 2026-06-21
   statusdays on market $159,900 Active 2 DOM
3. 2026-06-18
   listing id $159,900 Coming Soon 1 DOM
4. 2026-06-17
   remarks 699-char remark

   Show marketing remark (1356 chars)

   Bring your vision and ideas to this spacious 3-bedroom, 1.5-bath home with a floor plan that offers incredible potential! While the property is in need of repairs and updates, the layout provides an excellent foundation for creating your dream home or investment opportunity. The heart of the home is the large, open kitchen with abundant space for cooking, gathering, and entertaining. The primary bedroom features both a walk-in closet and an additional double closet, along with a convenient attached half bath. The full bathroom includes a garden tub and separate stand-alone shower plus open ceiling with skylights. An open staircase leads to the full basement, offering additional storage and possibilities. The oversized attached garage includes attic storage, providing plenty of room for vehicles, tools, and seasonal items. Additional features include well water and aeration system and a partial roof replacement completed in 2020. With generous room sizes, and a desirable layout, this home is ready for someone to unlock its full potential and make it shine once again. Home is being sold AS IS, the seller agrees to leave the existing appliances currently located in the Property for the Buyer's convenience. However, all appliances are being conveyed in their present AS IS condition. Seller makes no representations regarding the condition.

5. 2026-06-17
   listed $159,900 Coming Soon 1 DOM

   Show marketing remark (1356 chars)

   Bring your vision and ideas to this spacious 3-bedroom, 1.5-bath home with a floor plan that offers incredible potential! While the property is in need of repairs and updates, the layout provides an excellent foundation for creating your dream home or investment opportunity. The heart of the home is the large, open kitchen with abundant space for cooking, gathering, and entertaining. The primary bedroom features both a walk-in closet and an additional double closet, along with a convenient attached half bath. The full bathroom includes a garden tub and separate stand-alone shower plus open ceiling with skylights. An open staircase leads to the full basement, offering additional storage and possibilities. The oversized attached garage includes attic storage, providing plenty of room for vehicles, tools, and seasonal items. Additional features include well water and aeration system and a partial roof replacement completed in 2020. With generous room sizes, and a desirable layout, this home is ready for someone to unlock its full potential and make it shine once again. Home is being sold AS IS, the seller agrees to leave the existing appliances currently located in the Property for the Buyer's convenience. However, all appliances are being conveyed in their present AS IS condition. Seller makes no representations regarding the condition.

ⓘ 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: $2,235 · $186/mo
• Projected year-2 tax: $2,365 · $197/mo
• Expected delta: +$130/yr (+$11/mo · 5.8%)

ⓘ 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 ≥98°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,854
• − Mortgage interest: −$8,957
• − Property taxes: −$2,235
• − Insurance: −$800
• − Repairs & maintenance: −$1,348
• − Management: −$1,348
• − Depreciation: −$4,652
• Taxable loss: −$2,486
• Est. tax savings @ 24.0%: +$597
• After-tax cash flow: $814/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: Fremont City
• NCES district ID: 3904401
• Math proficiency: 35% ▼ -27.00%
• Reading proficiency: 44% ▼ -13.00%
• Median HH income: $44,046
• Composite: 33.48/100
• National rank: #5449
• State rank: #543 of 656 in OH

Livability — Fremont

• Score: 74/100
• State rank: #283
• US rank: #4637

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sandusky · 51,886 people
• City population: 29,400
• Population (ZIP): 29,400
• Household income: $62,802
• Rent vs Own: 29.2% rent · 70.8% own
• Severe rent burden: 10.4

Population outlook (Sandusky County) Hauer SSP2

• Today (2025): 57,409 people
• By 2030: 55,791 · -2.8%
• By 2040: 51,837 · -9.7%
• By 2050: 47,712 · -16.9%
• By 2075: 39,908 · -30.5%
• By 2100: 33,171 · -42.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 14% Two or more races 9% Black 5%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Sandusky

• 2024 margin: Solid R (+30.9) · D 34.1% · R 65.0%
• 2008→2024 swing: -35.5pp toward R · 2008: 4.6pp · 2024: -30.9pp
• All cycles: 2024: R+30.9 2020: R+27.6 2016: R+23.0 2012: D+1.9 2008: D+4.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -90.51%
• Current HPI: 188.5274
• 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

+31.1% since first listed

3 events — show timeline

• 2026-06-17 Coming Soon $159,900 NORIS
• 2026-06-17 Coming Soon $159,900 FAOR
• 2002-02-25 Sold (Public Records) $122,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $2,235 · +94.2% YoY. Source: county tax records.