812 Continental Blvd · Toledo, OH 43607

$99,900

2 bd · 1.0 ba · 970 sqft · SingleFamily public records · 7 Days on market

Built 1951 6,600 sqft lot $103/sqft · 19% below area Est $123k · 19% 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 +22.7/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +6.1/10.0
• Rent growth +4.5/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

1.5 STY UPDATED HOME FEATURES 2 BEDS ON MAIN LEVEL, & HUGE MASTER UP. FULL BATH MAIN. 1/2 LOWER. NEW FURNACE, ROOF, 100AMP SERVICE. 2.5 CAR GARAGE. HOME ON QUIET STREET. JUST NEEDS PAINT & A LITTLE TLC.

Key facts

• 6,600 sq ft lot
• 520 garage spots
• Built 1951

Property features AI

Exterior

• Parking: Detached garage; 2 total parking spaces
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer
• Home design: Single-family house; One and one-half levels; No attached units / no common walls; Residential zoning
• Construction: Aluminum siding; Shingle siding; Block foundation
• Exterior features: Shingle roof; Barbed wire fencing; Asphalt driveway

Interior

• Kitchen: Kitchen (main level) — approx. 14 x 11; Water heater included
• Bedrooms: Bedroom (main level) — approx. 12 x 11; Bedroom 2 (main level) — approx. 14 x 12; Bedroom 3 (upper level) — approx. 19 x 12
• Flooring: Ceramic tile; Wood flooring
• Bathrooms: 1 full bathroom; 1 half bathroom (total 1.5 bathrooms)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Eat-in kitchen; Storm doors; Partially finished basement; 5 total rooms
• Laundry & utility: Laundry located in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $173 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).

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: Keyser Elementary School (math 8% / reading 12%, grade F, #1,471 of 1,584 statewide, top 95%, 306 students, 0% FRL); Rogers High School (math 8% / reading 27%, grade F, #689 of 781 statewide, top 90%, 721 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+8.2%/yr); 83 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• This rent runs 32% of the median local income ($41k/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 $691 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 27y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1951 — 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: 1.11% ✓
• Cap rate: 8.37%
• Cash-on-cash: 7.40%
• DSCR: 1.33
• GRM: 7.5

CMA / ARV

• ARV (median comp): $122,967
• List price: $99,900
• Delta: -18.76%
• 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
630 Carver Blvd	0.11mi	2/1.0	1,062 (+10%)	2mo	$88,500	$83	77
735 Southbriar Rd	0.22mi	3/1.0 (+1)	936 (-4%)	3mo	$72,000	$77	76
4111 Kingsley Ct	0.41mi	3/1.0 (+1)	988 (+2%)	7mo	$133,500	$135	67
706 Carver Blvd	0.09mi	3/1.0 (+1)	1,102 (+14%)	2mo	$127,000	$115	66
4115 Kingsley Ct	0.42mi	3/1.0 (+1)	1,026 (+6%)	7mo	$159,250	$155	60
327 Clifton Rd	0.39mi	2/1.0	1,040 (+7%)	17mo	$110,000	$106	55
726 Southbriar Rd	0.25mi	3/2.0 (+1)	1,080 (+11%)	9mo	$120,000	$111	53
706 N Byrne Rd	0.64mi	3/1.5 (+1)	983 (+1%)	16mo	$103,000	$105	47
4248 Hunters Trail Dr	0.34mi	3/2.0 (+1)	1,104 (+14%)	6mo	$173,900	$158	47
828 Secor Rd	0.70mi	2/1.0	1,043 (+8%)	14mo	$115,000	$110	43
350 Kingswood Trail Dr	0.49mi	3/1.0 (+1)	1,104 (+14%)	17mo	$120,000	$109	35
41 Dickens Dr	0.60mi	3/1.0 (+1)	1,100 (+13%)	11mo	$68,500	$62	35

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 0.6%
• Equity multiple: 1.03×
• Total profit: $708
• Equity at exit: $14,895

10-year hold

• IRR: 14.9%
• Equity multiple: 2.49×
• Total profit: $41,635
• Equity at exit: $8,638

Cash invested: $27,972 (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 43607

• Home prices YoY: -27.5%
• Rents YoY: 8.2%
• Active inventory: 83
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,112 high
• Mortgage (P&I): −$524
• Tax from tax record: −$141 /mo · $1,689/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $173

Break-even live

Break-even rent $894

Max offer price $99,900

Occupancy floor 79%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3776 Hill Ave Toledo, OH	1.0–2.0	1.0	650	$735	$1.13	43d	1	0.69mi
3414 Dorr St Toledo, OH	1.0–2.0	1.0–1.5	570	$825	$1.45	23d	5	0.81mi
1130 Pine Valley Ln Toledo, OH	1.0–2.0	1.0–2.0	799	$1,299	$1.63	14d	6	0.86mi
1101 Linden Ln Toledo, OH	1.0–2.0	1.0–2.0	975	$1,345	$1.38	43d	4	1.02mi
1169 Shadow Ln Unit 103 Toledo, OH	1.0	1.0	975	$849	$0.87	23d	1	1.03mi
4020 W Bancroft St Ottawa Hills, OH	1.0	1.0	720	$775	$1.08	43d	1	1.03mi
4012 W Bancroft St Ottawa Hills, OH	2.0	1.0	1008	$972	$0.96	23d	1	1.03mi
1700 Secor Rd Toledo, OH	1.0–2.0	1.0	790	$1,199	$1.52	14d	1	1.07mi
4825 Hill Ave Unit 34 Toledo, OH	1.0	1.0	600	$595	$0.99	43d	1	1.14mi
4515 W Bancroft St Toledo, OH	3.0	2.0	1120	$1,500	$1.34	14d	1	1.15mi
1599 Twin Oaks Dr Toledo, OH	2.0	1.0	864	$976	$1.13	14d	1	1.17mi
5007 Hill Ave Unit 5 H Toledo, OH	2.0	1.0	950	$850	$0.89	23d	1	1.32mi
1318 Montain Rd Toledo, OH	2.0	1.0	1050	$1,195	$1.14	21d	1	1.33mi
932 Turner Ave Toledo, OH	2.0	1.0	960	$1,295	$1.35	14d	1	1.36mi

Listing history 15 events

1. 2026-05-16
   status Pending 141-char remark
2. 2026-04-15
   listed $99,900 Active 141-char remark
3. 2025-10-09
   price $74,200 210-char remark

   Show marketing remark (210 chars)

   1.5 STY UPDATED HOME FEATURES 2 BEDS ON MAIN LEVEL, & HUGE MASTER UP. FULL BATH MAIN. 1/2 LOWER. NEW FURNACE, ROOF, 100AMP SERVICE. 2.5 CAR GARAGE. HOME ON QUIET STREET. JUST NEEDS PAINT & A LITTLE TLC.

4. 2014-12-11
   soldstatus $32,000

   Show marketing remark (67 chars)

   Great Income Opportunity! Tenant occupied many updates- clean home!

5. 2014-11-22
   listed $32,000

   Show marketing remark (67 chars)

   Great Income Opportunity! Tenant occupied many updates- clean home!

6. 2014-11-16
   historical
7. 2014-05-21
   listed $46,000
8. 2004-12-28
   soldstatus $59,900
9. 2004-11-02
   price $59,900
10. 2004-10-22
    listed $59,000
11. 1999-06-02
    soldstatus $74,200
12. 1999-05-28
    soldstatus $74,200 210-char remark

    Show marketing remark (210 chars)

    1.5 STY UPDATED HOME FEATURES 2 BEDS ON MAIN LEVEL, & HUGE MASTER UP. FULL BATH MAIN. 1/2 LOWER. NEW FURNACE, ROOF, 100AMP SERVICE. 2.5 CAR GARAGE. HOME ON QUIET STREET. JUST NEEDS PAINT & A LITTLE TLC.

13. 1999-05-11
    listed $76,900 210-char remark

    Show marketing remark (210 chars)

    1.5 STY UPDATED HOME FEATURES 2 BEDS ON MAIN LEVEL, & HUGE MASTER UP. FULL BATH MAIN. 1/2 LOWER. NEW FURNACE, ROOF, 100AMP SERVICE. 2.5 CAR GARAGE. HOME ON QUIET STREET. JUST NEEDS PAINT & A LITTLE TLC.

14. 1986-10-31
    soldstatus $41,000
15. 1976-07-15
    soldstatus $30,000

ⓘ 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: $1,689 · $141/mo
• Projected year-2 tax: $1,689 · $141/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 ≥101°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,350
• − Mortgage interest: −$5,596
• − Property taxes: −$1,689
• − Insurance: −$500
• − Repairs & maintenance: −$1,068
• − Management: −$1,068
• − Depreciation: −$2,906
• Taxable income: $523
• Est. tax owed @ 24.0%: −$125
• After-tax cash flow: $1,945/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): 19,469
• Household income: $41,335
• Rent vs Own: 50.8% rent · 49.2% own
• Severe rent burden: 1157.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: Black 59% White 27% Two or more races 6% Hispanic / Latino 6% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Other Indo-European 1% Spanish 1% Russian/Polish/Slavic 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: ▼ -66.58%
• Current HPI: 175.2772
• Rent YoY: ▲ 8.19%
• 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

+216.7% since first listed

17 events — show timeline

• 2026-06-05 Sold (MLS) $95,000 NORIS
• 2026-05-16 Pending — NORIS
• 2026-04-15 Listed $99,900 NORIS
• 2025-10-09 Price Changed $74,200 NORIS
• 2014-12-11 Sold (MLS) $32,000 NORIS
• 2014-11-22 Listed $32,000 NORIS
• 2014-11-16 Listing Removed — NORIS
• 2014-05-21 Listed $46,000 NORIS
• 2004-12-28 Sold (MLS) $59,900 NORIS
• 2004-11-02 Price Changed $59,900 NORIS
• 2004-10-22 Listed $59,000 NORIS
• 1999-06-02 Sold (Public Records) $74,200 Public Records
• 1999-05-28 Sold (MLS) $74,200 NORIS
• 1999-05-18 Price Changed $76,900 NORIS
• 1999-05-11 Listed $76,900 NORIS
• 1986-10-31 Sold (Public Records) $41,000 Public Records
• 1976-07-15 Sold (Public Records) $30,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,689 · -0.4% YoY. Source: county tax records.