1568 W 2nd St · Dayton, OH 45402

$75,900

4 bd · 1.5 ba · 2,504 sqft · SingleFamily public records · 300 Days on market

Built 1885 5,998 sqft lot $30/sqft · 25% below area Est $101k · 25% under ↓ 50% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover a timeless treasure where the grandeur of 19th-century craftsmanship harmoniously blends with the potential for personalized modern living. This distressed 1885 residence, spanning 2,504 square feet, offers a unique opportunity to own a piece of history in Dayton. The home features four spacious bedrooms and two full bathrooms, providing ample room for comfort and privacy. Inside, soaring ceilings and rich hardwood floors create an inviting atmosphere, complemented by several original fireplaces that serve as captivating architectural focal points. Period details abound, from intricate woodwork to tall windows that flood the interiors with natural light, showcasing the home's storied past and elegant, vintage-inspired touches. Each bathroom has been thoughtfully updated, achieving a perfect balance between antique charm and contemporary convenience. Outdoor living is enhanced by a spacious yard, ideal for gardening, relaxation, or entertaining, all set against the backdrop of this historic beauty. Two open-framed porch areas, one at the front (84 square feet) and another on the side (128 square feet), expand the usable living space, offering delightful spots for enjoying the surroundings. This property represents more than a house; it's a narrative waiting for its next chapter, ready to be reimagined for today's lifestyle.

Key facts

• Spacious yard
• Period details
• Original fireplaces

Tags

• 19TH CENTURY CRAFTSMANSHIP
• ORIGINAL FIREPLACES
• PERIOD DETAILS
• SPACIOUS YARD
• OPEN FRAMED PORCH AREAS

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $76k.

Deal economics

• At list price, monthly cash flow is $823 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $76k).
• Recommended offer: $67k (12.0% below list) — sets the bar for market timing.
• Cap rate 19.3% vs local median 7.4% in Dayton — 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 65/100 on livability (#716 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools C-, amenities C-, crime F.
• Dayton City (urban): math 12% / reading 21% proficiency, ranked #641 of 656 in OH (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+4.0%/yr); 83 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 907 units permitted in Montgomery County in 2024 (416 in 5+ unit buildings).
• This rent runs 44% of the median local income ($48k/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 $525 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Montgomery County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 300 days — a 12% lower offer ($67k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1885 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $66,792 (12.0% below list)

Questions for the listing agent

1. It's been on market 300 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1885 — 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. 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?
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: 2.32% ✓
• Cap rate: 19.31%
• Cash-on-cash: 46.49%
• DSCR: 3.07
• GRM: 3.6

CMA / ARV

• ARV (median comp): $100,563
• List price: $75,900
• Delta: -24.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1507 W 2nd St	0.11mi	4/1.0	2,252 (-10%)	3mo	$30,000	$13	73
1527 W 1st St	0.12mi	3/2.0 (-1)	2,240 (-10%)	6mo	$37,000	$17	65
139 Cambria Ct	0.26mi	3/2.5 (-1)	2,215 (-12%)	2mo	$419,000	$189	58
915 Superior Ave	0.72mi	5/1.0 (+1)	2,386 (-5%)	2mo	$112,000	$47	50
216 S Conover St	0.32mi	5/3.0 (+1)	2,128 (-15%)	1mo	$140,000	$66	48
6 Hawthorn St	0.52mi	4/3.0	2,844 (+14%)	18mo	$307,500	$108	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 · 3.98% rent growth · sell at horizon

5-year hold

• IRR: 44.9%
• Equity multiple: 2.97×
• Total profit: $41,946
• Equity at exit: $11,317

10-year hold

• IRR: 51.3%
• Equity multiple: 6.25×
• Total profit: $111,609
• Equity at exit: $6,562

Cash invested: $21,252 (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 45402

• Rents YoY: 4.0%
• Active inventory: 83
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,762 medium
• Mortgage (P&I): −$398
• Tax from tax record: −$139 /mo · $1,667/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $823

Break-even live

Break-even rent $720

Max offer price $75,900

Occupancy floor 48%

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: $18,975
• Closing costs: $2,277
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
932 Harvard Blvd Dayton, OH	5.0	2.0	1986	$1,500	$0.76	43d	1	1.22mi
132 Wroe Ave Unit 132 Dayton, OH	3.0	2.5	1934	$1,297	$0.67	43d	1	1.27mi

Listing history 22 events

1. 2026-06-18
   days on market $75,900 Active 300 DOM
2. 2026-06-17
   days on market $75,900 Active 299 DOM
3. 2026-06-16
   days on market $75,900 Active 298 DOM
4. 2026-06-15
   days on market $75,900 Active 297 DOM
5. 2026-06-14
   pricedays on market $75,900 Active 295 DOM
6. 2026-06-13
   days on market $79,860 Active 294 DOM
7. 2026-06-10
   days on market $79,860 Active 292 DOM
8. 2026-06-09
   days on market $79,860 Active 291 DOM
9. 2026-06-08
   days on market $79,860 Active 290 DOM
10. 2026-06-07
    days on market $79,860 Active 289 DOM
11. 2026-06-05
    days on market $79,860 Active 286 DOM
12. 2026-06-03
    days on market $79,860 Active 285 DOM
13. 2026-06-02
    days on market $79,860 Active 284 DOM
14. 2026-06-01
    days on market $79,860 Active 283 DOM
15. 2026-05-31
    days on market $79,860 Active 282 DOM
16. 2026-04-16
    price $79,860 1353-char remark

    Show marketing remark (1353 chars)

    Discover a timeless treasure where the grandeur of 19th-century craftsmanship harmoniously blends with the potential for personalized modern living. This distressed 1885 residence, spanning 2,504 square feet, offers a unique opportunity to own a piece of history in Dayton. The home features four spacious bedrooms and two full bathrooms, providing ample room for comfort and privacy. Inside, soaring ceilings and rich hardwood floors create an inviting atmosphere, complemented by several original fireplaces that serve as captivating architectural focal points. Period details abound, from intricate woodwork to tall windows that flood the interiors with natural light, showcasing the home's storied past and elegant, vintage-inspired touches. Each bathroom has been thoughtfully updated, achieving a perfect balance between antique charm and contemporary convenience. Outdoor living is enhanced by a spacious yard, ideal for gardening, relaxation, or entertaining, all set against the backdrop of this historic beauty. Two open-framed porch areas, one at the front (84 square feet) and another on the side (128 square feet), expand the usable living space, offering delightful spots for enjoying the surroundings. This property represents more than a house; it's a narrative waiting for its next chapter, ready to be reimagined for today's lifestyle.

17. 2026-03-14
    price $89,900 1353-char remark

    Show marketing remark (1353 chars)

    Discover a timeless treasure where the grandeur of 19th-century craftsmanship harmoniously blends with the potential for personalized modern living. This distressed 1885 residence, spanning 2,504 square feet, offers a unique opportunity to own a piece of history in Dayton. The home features four spacious bedrooms and two full bathrooms, providing ample room for comfort and privacy. Inside, soaring ceilings and rich hardwood floors create an inviting atmosphere, complemented by several original fireplaces that serve as captivating architectural focal points. Period details abound, from intricate woodwork to tall windows that flood the interiors with natural light, showcasing the home's storied past and elegant, vintage-inspired touches. Each bathroom has been thoughtfully updated, achieving a perfect balance between antique charm and contemporary convenience. Outdoor living is enhanced by a spacious yard, ideal for gardening, relaxation, or entertaining, all set against the backdrop of this historic beauty. Two open-framed porch areas, one at the front (84 square feet) and another on the side (128 square feet), expand the usable living space, offering delightful spots for enjoying the surroundings. This property represents more than a house; it's a narrative waiting for its next chapter, ready to be reimagined for today's lifestyle.

18. 2025-12-25
    price $98,900 1353-char remark

    Show marketing remark (1353 chars)

    Discover a timeless treasure where the grandeur of 19th-century craftsmanship harmoniously blends with the potential for personalized modern living. This distressed 1885 residence, spanning 2,504 square feet, offers a unique opportunity to own a piece of history in Dayton. The home features four spacious bedrooms and two full bathrooms, providing ample room for comfort and privacy. Inside, soaring ceilings and rich hardwood floors create an inviting atmosphere, complemented by several original fireplaces that serve as captivating architectural focal points. Period details abound, from intricate woodwork to tall windows that flood the interiors with natural light, showcasing the home's storied past and elegant, vintage-inspired touches. Each bathroom has been thoughtfully updated, achieving a perfect balance between antique charm and contemporary convenience. Outdoor living is enhanced by a spacious yard, ideal for gardening, relaxation, or entertaining, all set against the backdrop of this historic beauty. Two open-framed porch areas, one at the front (84 square feet) and another on the side (128 square feet), expand the usable living space, offering delightful spots for enjoying the surroundings. This property represents more than a house; it's a narrative waiting for its next chapter, ready to be reimagined for today's lifestyle.

19. 2025-09-26
    price $109,900 1353-char remark

    Show marketing remark (1353 chars)

    Discover a timeless treasure where the grandeur of 19th-century craftsmanship harmoniously blends with the potential for personalized modern living. This distressed 1885 residence, spanning 2,504 square feet, offers a unique opportunity to own a piece of history in Dayton. The home features four spacious bedrooms and two full bathrooms, providing ample room for comfort and privacy. Inside, soaring ceilings and rich hardwood floors create an inviting atmosphere, complemented by several original fireplaces that serve as captivating architectural focal points. Period details abound, from intricate woodwork to tall windows that flood the interiors with natural light, showcasing the home's storied past and elegant, vintage-inspired touches. Each bathroom has been thoughtfully updated, achieving a perfect balance between antique charm and contemporary convenience. Outdoor living is enhanced by a spacious yard, ideal for gardening, relaxation, or entertaining, all set against the backdrop of this historic beauty. Two open-framed porch areas, one at the front (84 square feet) and another on the side (128 square feet), expand the usable living space, offering delightful spots for enjoying the surroundings. This property represents more than a house; it's a narrative waiting for its next chapter, ready to be reimagined for today's lifestyle.

20. 2025-09-10
    price $129,999 1353-char remark

    Show marketing remark (1353 chars)

    Discover a timeless treasure where the grandeur of 19th-century craftsmanship harmoniously blends with the potential for personalized modern living. This distressed 1885 residence, spanning 2,504 square feet, offers a unique opportunity to own a piece of history in Dayton. The home features four spacious bedrooms and two full bathrooms, providing ample room for comfort and privacy. Inside, soaring ceilings and rich hardwood floors create an inviting atmosphere, complemented by several original fireplaces that serve as captivating architectural focal points. Period details abound, from intricate woodwork to tall windows that flood the interiors with natural light, showcasing the home's storied past and elegant, vintage-inspired touches. Each bathroom has been thoughtfully updated, achieving a perfect balance between antique charm and contemporary convenience. Outdoor living is enhanced by a spacious yard, ideal for gardening, relaxation, or entertaining, all set against the backdrop of this historic beauty. Two open-framed porch areas, one at the front (84 square feet) and another on the side (128 square feet), expand the usable living space, offering delightful spots for enjoying the surroundings. This property represents more than a house; it's a narrative waiting for its next chapter, ready to be reimagined for today's lifestyle.

21. 2025-09-03
    price $149,999 1353-char remark

    Show marketing remark (1353 chars)

    Discover a timeless treasure where the grandeur of 19th-century craftsmanship harmoniously blends with the potential for personalized modern living. This distressed 1885 residence, spanning 2,504 square feet, offers a unique opportunity to own a piece of history in Dayton. The home features four spacious bedrooms and two full bathrooms, providing ample room for comfort and privacy. Inside, soaring ceilings and rich hardwood floors create an inviting atmosphere, complemented by several original fireplaces that serve as captivating architectural focal points. Period details abound, from intricate woodwork to tall windows that flood the interiors with natural light, showcasing the home's storied past and elegant, vintage-inspired touches. Each bathroom has been thoughtfully updated, achieving a perfect balance between antique charm and contemporary convenience. Outdoor living is enhanced by a spacious yard, ideal for gardening, relaxation, or entertaining, all set against the backdrop of this historic beauty. Two open-framed porch areas, one at the front (84 square feet) and another on the side (128 square feet), expand the usable living space, offering delightful spots for enjoying the surroundings. This property represents more than a house; it's a narrative waiting for its next chapter, ready to be reimagined for today's lifestyle.

22. 2025-08-22
    listed $159,999 Active 1353-char remark

    Show marketing remark (1353 chars)

    Discover a timeless treasure where the grandeur of 19th-century craftsmanship harmoniously blends with the potential for personalized modern living. This distressed 1885 residence, spanning 2,504 square feet, offers a unique opportunity to own a piece of history in Dayton. The home features four spacious bedrooms and two full bathrooms, providing ample room for comfort and privacy. Inside, soaring ceilings and rich hardwood floors create an inviting atmosphere, complemented by several original fireplaces that serve as captivating architectural focal points. Period details abound, from intricate woodwork to tall windows that flood the interiors with natural light, showcasing the home's storied past and elegant, vintage-inspired touches. Each bathroom has been thoughtfully updated, achieving a perfect balance between antique charm and contemporary convenience. Outdoor living is enhanced by a spacious yard, ideal for gardening, relaxation, or entertaining, all set against the backdrop of this historic beauty. Two open-framed porch areas, one at the front (84 square feet) and another on the side (128 square feet), expand the usable living space, offering delightful spots for enjoying the surroundings. This property represents more than a house; it's a narrative waiting for its next chapter, ready to be reimagined for today's lifestyle.

ⓘ 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: $1,667 · $139/mo
• Projected year-2 tax: $1,667 · $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 4/10 Moderate 7 d/yr ≥102°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,143
• − Mortgage interest: −$4,252
• − Property taxes: −$1,667
• − Insurance: −$380
• − Repairs & maintenance: −$1,691
• − Management: −$1,691
• − Depreciation: −$2,208
• Taxable income: $9,254
• Est. tax owed @ 24.0%: −$2,221
• After-tax cash flow: $7,659/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: Dayton City
• NCES district ID: 3904384
• Math proficiency: 12% ▼ -12.00%
• Reading proficiency: 21% ▼ -11.00%
• Median HH income: $28,688
• Composite: 12.94/100
• National rank: #9579
• State rank: #641 of 656 in OH

Livability — Dayton

• Score: 65/100
• State rank: #716
• US rank: #12895

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dayton, OH
• County: Montgomery County · 459,541 people
• City population: 164,387
• Metro: Dayton-Kettering, OH
• Population (ZIP): 9,407
• Household income: $48,401
• Rent vs Own: 64.1% rent · 35.9% own
• Severe rent burden: 404.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 523,241 people
• By 2030: 514,948 · -1.6%
• By 2040: 493,378 · -5.7%
• By 2050: 469,639 · -10.2%
• By 2075: 418,360 · -20.0%
• By 2100: 353,315 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 57% White 32% Two or more races 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 1%
• Common ancestry: Italian 2% Serbian 2% Slovak 1%
• Foreign-born: 5% · Canada, Vietnam, Jamaica
• Languages at home: 94% English-only · Spanish 4% Other Asian/Pacific 1% Arabic 1%

Political lean MEDSL · Montgomery

• 2024 margin: Toss-up / Even · D 49.8% · R 49.3%
• 2008→2024 swing: -5.8pp toward R · 2008: 6.2pp · 2024: 0.5pp
• All cycles: 2024: D+0.5 2020: D+2.2 2016: R+1.2 2012: D+3.1 2008: D+6.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -81.89%
• Current HPI: 149.7909
• Rent YoY: ▲ 3.98%
• Metro: Dayton-Kettering, 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

-50.1% since first listed

7 events — show timeline

• 2026-04-16 Price Changed $79,860 Dayton MLS
• 2026-03-14 Price Changed $89,900 Dayton MLS
• 2025-12-25 Price Changed $98,900 Dayton MLS
• 2025-09-26 Price Changed $109,900 Dayton MLS
• 2025-09-10 Price Changed $129,999 Dayton MLS
• 2025-09-03 Price Changed $149,999 Dayton MLS
• 2025-08-22 Listed $159,999 Dayton MLS

Property tax history

+1.3%/yr

Latest (2025): $1,667 · +23.1% YoY. Source: county tax records.