611 E 5th St · Greenville, OH 45331

$70,000

3 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 99 Days on market

Built 1900 5,049 sqft lot $66/sqft · 38% below area Est $113k · 38% under ↓ 12% since listing

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Why this score? — see what drove the B 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 +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +7.1/10.0
• Schools +4.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 611 E 5th Street, a charming bungalow full of character and opportunity in the heart of Greenville. Offering approximately 1,064 sqft of living space, this 3-bedroom, 1.5-bath home invites you to imagine the possibilities and bring your vision to life. A welcoming front porch creates a warm first impression and a relaxing place to enjoy the neighborhood atmosphere. Step inside to discover inviting living spaces filled with distinctive wood accents and natural warmth. The living room flows comfortably toward the kitchen and dining area, creating a natural gathering space for everyday living or entertaining. The kitchen offers a functional layout ready to be refreshed and customized to suit your style. Down the hall, three comfortable bedrooms provide flexible space for restful retreats, guests, or a home office. Natural light fills the rooms, creating a bright and welcoming environment. A full bathroom and convenient half bath add practicality to the home's thoughtful layout. Property features a full walk-out basement with a private rear entrance at grade level. Please note there is currently no internal access connecting it to the main level. Outside, the elevated deck and backyard create a welcoming outdoor setting for relaxing mornings or gatherings with friends. A detached garage adds convenience and extra room for parking or projects. 611 E 5th Street is ready for its next chapter. Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all required inspections & certifications (if applicable). All info & property details set forth in this listing, including all utilities & all room dimensions which are approximate, are deemed reliable but not guaranteed & should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property info & details have been provided in this MLS listing.

Key facts

• Walk-out lower level
• Elevated deck
• Functional layout

Tags

• WELCOMING FRONT PORCH
• DISTINCTIVE WOOD ACCENTS
• FUNCTIONAL LAYOUT
• WALK-OUT LOWER LEVEL
• ELEVATED DECK
• DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $188 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($845 rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 3.9% in Greenville — 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 69/100 on livability (#514 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Greenville City (town): math 49% / reading 50% proficiency, ranked #456 of 656 in OH (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 73 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 43 units permitted in Darke County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Darke County population projected at -20% 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 $20k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $63,700 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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. 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: 1.21% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.53%
• DSCR: 1.51
• GRM: 6.9

CMA / ARV

• ARV (median comp): $112,947
• List price: $70,000
• Delta: -38.02%
• 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
108 Morrow St	0.18mi	2/1.0 (-1)	1,062 (-0%)	4mo	$63,000	$59	82
226 Tiffin St	0.19mi	2/1.0 (-1)	1,104 (+4%)	5mo	$120,000	$109	76
630 E Main St	0.26mi	2/1.0 (-1)	1,052 (-1%)	7mo	$123,000	$117	75
214 Morrow St	0.14mi	2/1.0 (-1)	982 (-8%)	4mo	$143,000	$146	73
427 E 5th St	0.16mi	2/1.5 (-1)	936 (-12%)	2mo	$65,000	$69	64
117 Hiddeson	0.40mi	2/1.0 (-1)	1,158 (+9%)	2mo	$72,000	$62	60
124 Hall St	0.27mi	2/1.0 (-1)	910 (-14%)	3mo	$70,000	$77	56
724 E Main St	0.26mi	2/2.0 (-1)	920 (-14%)	2mo	$119,900	$130	55
124 Hillview St	0.65mi	3/2.0	1,120 (+5%)	5mo	$212,500	$190	53
205 Ash St	0.42mi	2/1.0 (-1)	928 (-13%)	4mo	$70,000	$75	50
104 Hilltop Dr	0.46mi	2/1.0 (-1)	936 (-12%)	4mo	$152,000	$162	50
426 Wayne Ave	0.71mi	2/1.5 (-1)	1,208 (+14%)	6mo	$126,600	$105	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.9%
• Equity multiple: 1.03×
• Total profit: $666
• Equity at exit: $10,437

10-year hold

• IRR: 10.5%
• Equity multiple: 1.82×
• Total profit: $16,071
• Equity at exit: $6,052

Cash invested: $19,600 (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 45331

• Active inventory: 73
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $845 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$83 /mo · $997/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $188

Break-even live

Break-even rent $607

Max offer price $70,000

Occupancy floor 73%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
703 E 4th St Greenville, OH	2.0	1.0	1025	$850	$0.83	23d	1	0.11mi
1365 Chippewa Dr Unit 7 Greenville, OH	2.0	1.5	860	$775	$0.90	43d	1	1.33mi

Listing history 17 events

1. 2026-06-18
   days on market $70,000 Active 99 DOM
2. 2026-06-17
   days on market $70,000 Active 98 DOM
3. 2026-06-16
   days on market $70,000 Active 97 DOM
4. 2026-06-15
   days on market $70,000 Active 96 DOM
5. 2026-06-13
   days on market $70,000 Active 94 DOM
6. 2026-06-12
   days on market $70,000 Active 93 DOM
7. 2026-06-09
   days on market $70,000 Active 90 DOM
8. 2026-06-08
   days on market $70,000 Active 89 DOM
9. 2026-06-08
   days on market $70,000 Active 88 DOM
10. 2026-06-07
    days on market $70,000 Active 87 DOM
11. 2026-06-04
    days on market $70,000 Active 84 DOM
12. 2026-06-02
    days on market $70,000 Active 83 DOM
13. 2026-06-01
    days on market $70,000 Active 82 DOM
14. 2026-05-31
    days on market $70,000 Active 81 DOM
15. 2026-05-14
    price $70,000 2013-char remark

    Show marketing remark (2013 chars)

    Welcome to 611 E 5th Street, a charming bungalow full of character and opportunity in the heart of Greenville. Offering approximately 1,064 sqft of living space, this 3-bedroom, 1.5-bath home invites you to imagine the possibilities and bring your vision to life. A welcoming front porch creates a warm first impression and a relaxing place to enjoy the neighborhood atmosphere. Step inside to discover inviting living spaces filled with distinctive wood accents and natural warmth. The living room flows comfortably toward the kitchen and dining area, creating a natural gathering space for everyday living or entertaining. The kitchen offers a functional layout ready to be refreshed and customized to suit your style. Down the hall, three comfortable bedrooms provide flexible space for restful retreats, guests, or a home office. Natural light fills the rooms, creating a bright and welcoming environment. A full bathroom and convenient half bath add practicality to the home's thoughtful layout. Property features a full walk-out basement with a private rear entrance at grade level. Please note there is currently no internal access connecting it to the main level. Outside, the elevated deck and backyard create a welcoming outdoor setting for relaxing mornings or gatherings with friends. A detached garage adds convenience and extra room for parking or projects. 611 E 5th Street is ready for its next chapter. Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all required inspections & certifications (if applicable). All info & property details set forth in this listing, including all utilities & all room dimensions which are approximate, are deemed reliable but not guaranteed & should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property info & details have been provided in this MLS listing.

16. 2026-04-14
    price $75,000 2013-char remark

    Show marketing remark (2013 chars)

    Welcome to 611 E 5th Street, a charming bungalow full of character and opportunity in the heart of Greenville. Offering approximately 1,064 sqft of living space, this 3-bedroom, 1.5-bath home invites you to imagine the possibilities and bring your vision to life. A welcoming front porch creates a warm first impression and a relaxing place to enjoy the neighborhood atmosphere. Step inside to discover inviting living spaces filled with distinctive wood accents and natural warmth. The living room flows comfortably toward the kitchen and dining area, creating a natural gathering space for everyday living or entertaining. The kitchen offers a functional layout ready to be refreshed and customized to suit your style. Down the hall, three comfortable bedrooms provide flexible space for restful retreats, guests, or a home office. Natural light fills the rooms, creating a bright and welcoming environment. A full bathroom and convenient half bath add practicality to the home's thoughtful layout. Property features a full walk-out basement with a private rear entrance at grade level. Please note there is currently no internal access connecting it to the main level. Outside, the elevated deck and backyard create a welcoming outdoor setting for relaxing mornings or gatherings with friends. A detached garage adds convenience and extra room for parking or projects. 611 E 5th Street is ready for its next chapter. Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all required inspections & certifications (if applicable). All info & property details set forth in this listing, including all utilities & all room dimensions which are approximate, are deemed reliable but not guaranteed & should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property info & details have been provided in this MLS listing.

17. 2026-03-11
    listed $80,000 Active 2013-char remark

    Show marketing remark (2013 chars)

    Welcome to 611 E 5th Street, a charming bungalow full of character and opportunity in the heart of Greenville. Offering approximately 1,064 sqft of living space, this 3-bedroom, 1.5-bath home invites you to imagine the possibilities and bring your vision to life. A welcoming front porch creates a warm first impression and a relaxing place to enjoy the neighborhood atmosphere. Step inside to discover inviting living spaces filled with distinctive wood accents and natural warmth. The living room flows comfortably toward the kitchen and dining area, creating a natural gathering space for everyday living or entertaining. The kitchen offers a functional layout ready to be refreshed and customized to suit your style. Down the hall, three comfortable bedrooms provide flexible space for restful retreats, guests, or a home office. Natural light fills the rooms, creating a bright and welcoming environment. A full bathroom and convenient half bath add practicality to the home's thoughtful layout. Property features a full walk-out basement with a private rear entrance at grade level. Please note there is currently no internal access connecting it to the main level. Outside, the elevated deck and backyard create a welcoming outdoor setting for relaxing mornings or gatherings with friends. A detached garage adds convenience and extra room for parking or projects. 611 E 5th Street is ready for its next chapter. Schedule your showing today! Photos are digitally enhanced. Being sold AS IS, WHERE IS, Buyer is responsible for all required inspections & certifications (if applicable). All info & property details set forth in this listing, including all utilities & all room dimensions which are approximate, are deemed reliable but not guaranteed & should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property info & details have been provided in this MLS listing.

ⓘ 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: $997 · $83/mo
• Projected year-2 tax: $1,045 · $87/mo
• Expected delta: +$47/yr (+$4/mo · 4.7%)

ⓘ 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 · 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: $10,143
• − Mortgage interest: −$3,921
• − Property taxes: −$997
• − Insurance: −$350
• − Repairs & maintenance: −$811
• − Management: −$811
• − Depreciation: −$2,036
• Taxable income: $1,215
• Est. tax owed @ 24.0%: −$292
• After-tax cash flow: $1,969/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: Greenville City
• NCES district ID: 3904409
• Math proficiency: 49% ▼ -15.00%
• Reading proficiency: 50% ▼ -7.00%
• Median HH income: $39,578
• Composite: 41.38/100
• National rank: #3488
• State rank: #456 of 656 in OH

Livability — Greenville

• Score: 69/100
• State rank: #514
• US rank: #8744

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenville, OH
• County: Darke · 50,606 people
• Population (ZIP): 22,298
• Household income: $53,797
• Rent vs Own: 35.2% rent · 64.8% own
• Severe rent burden: 13.3

Population outlook (Darke County) Hauer SSP2

• Today (2025): 49,377 people
• By 2030: 47,494 · -3.8%
• By 2040: 43,553 · -11.8%
• By 2050: 39,320 · -20.4%
• By 2075: 30,091 · -39.1%
• By 2100: 21,110 · -57.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Lithuanian 2% Italian 1% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Darke

• 2024 margin: Solid R (+65.4) · D 17.0% · R 82.3%
• 2008→2024 swing: -29.2pp toward R · 2008: -36.1pp · 2024: -65.4pp
• All cycles: 2024: R+65.4 2020: R+63.6 2016: R+61.2 2012: R+44.9 2008: R+36.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -110.47%
• Current HPI: 201.8715
• 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

-12.5% since first listed

3 events — show timeline

• 2026-05-14 Price Changed $70,000 Dayton MLS
• 2026-04-14 Price Changed $75,000 Dayton MLS
• 2026-03-11 Listed $80,000 Dayton MLS

Property tax history

+14.6%/yr

Latest (2025): $997 · +0.1% YoY. Source: county tax records.