2333 State Route 730 · Wilmington, OH 45177

$335,000

3 bd · 2.0 ba · 1,936 sqft · SingleFamily public records · 41 Days on market

Built 1977 0.71 ac lot Est $401k · 16% under ↓ 8% 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 +28.5/30.0
• ARV discount +14.9/15.0
• DSCR +10.0/10.0
• 1% rule +7.0/10.0
• Schools +3.9/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Motivated seller wanting to make a win-win! Welcome home to 2333 State Route 730 in Union Township, just minutes from Wilmington! This beautifully updated slab home offers 3 bedrooms with the potential for a 4th, along with 2 fully renovated custom-tile bathrooms and over a half-acre of fully fenced outdoor space. Step inside to a spacious family room featuring a cozy wood-burning fireplace insert — perfect for relaxing evenings. Just off the family room is a versatile home office/study that could easily serve as a 4th bedroom. This flexible space conveniently separates the family room from the deep attached 2-car garage, making it ideal for working from home, a playroom, guest space,

Key facts

• Quartz countertops
• Brand new kitchen
• Home office study

Tags

• FULLY FENCED OUTDOOR SPACE
• CUSTOM TILE BATHROOMS
• WOOD BURNING FIREPLACE INSERT
• HOME OFFICE STUDY
• BRAND NEW KITCHEN
• QUARTZ COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $335k).
• Recommended offer: $325k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 6.2% in Wilmington — 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 77/100 on livability (#202 in OH, #3,127 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities D, commute F.
• Wilmington City (town): math 42% / reading 51% proficiency, ranked #492 of 656 in OH (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 107 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 119 units permitted in Clinton County in 2024 (0 in 5+ unit buildings).
• At $4,028/mo this rent would consume 69% of the median local household income ($70k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Clinton County population projected at -12% 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 $94k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($325k) is reasonable based on typical stale-listing flexibility.

Recommended offer $324,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.20% ✓
• Cap rate: 10.21%
• Cash-on-cash: 14.00%
• DSCR: 1.62
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $400,752
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2654 St Rt 730	0.31mi	3/2.0	1,904 (-2%)	2mo	$395,000	$207	81
1985 St Rt 730	0.32mi	3/3.0	1,860 (-4%)	4mo	$305,000	$164	71
2880 St Rt 730	0.50mi	3/2.0	1,886 (-3%)	12mo	$396,000	$210	62
2467 St Rt 730	0.12mi	3/3.0	2,156 (+11%)	16mo	$330,000	$153	58

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: 4.2%
• Equity multiple: 1.16×
• Total profit: $15,333
• Equity at exit: $49,950

10-year hold

• IRR: 13.7%
• Equity multiple: 2.10×
• Total profit: $102,775
• Equity at exit: $28,965

Cash invested: $93,800 (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 45177

• Active inventory: 107
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $4,028 medium
• Mortgage (P&I): −$1,757
• Tax from tax record: −$191 /mo · $2,296/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$846
• Net cashflow: $1,094

Break-even live

Break-even rent $2,643

Max offer price $335,000

Occupancy floor 68%

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
229 Taylor Dr Wilmington, OH	3.0	2.0	1242	$2,000	$1.61	11d	1	1.13mi
121 Southwind Blvd Wilmington, OH	3.0	2.0	1344	$4,995	$3.72	2d	1	1.16mi
109 Southwind Blvd Wilmington, OH	3.0	2.0	1344	$4,995	$3.72	2d	1	1.17mi

Listing history 6 events

1. 2026-04-13
   status Pending
2. 2026-03-30
   price $335,000
3. 2026-03-21
   price $338,000
4. 2026-03-16
   price $339,000
5. 2026-03-08
   price $354,000
6. 2026-03-03
   listed $364,000 Active

ⓘ 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: $2,296 · $191/mo
• Projected year-2 tax: $3,761 · $313/mo
• Expected delta: +$1,465/yr (+$122/mo · 63.8%)

ⓘ 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 ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $48,334
• − Mortgage interest: −$18,765
• − Property taxes: −$2,296
• − Insurance: −$1,675
• − Repairs & maintenance: −$3,867
• − Management: −$3,867
• − Depreciation: −$9,745
• Taxable income: $8,119
• Est. tax owed @ 24.0%: −$1,949
• After-tax cash flow: $11,183/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: Wilmington City
• NCES district ID: 3904511
• Math proficiency: 42% ▼ -16.00%
• Reading proficiency: 51% ▼ -6.00%
• Median HH income: $43,201
• Composite: 39.2/100
• National rank: #4020
• State rank: #492 of 656 in OH

Livability — Wilmington

• Score: 77/100
• State rank: #202
• US rank: #3127

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clinton · 46,911 people
• Population (ZIP): 22,442
• Household income: $70,483
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 9.5

Population outlook (Clinton County) Hauer SSP2

• Today (2025): 41,352 people
• By 2030: 40,831 · -1.3%
• By 2040: 39,049 · -5.6%
• By 2050: 36,408 · -12.0%
• By 2075: 29,652 · -28.3%
• By 2100: 20,736 · -49.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Black 3% Hispanic / Latino 2% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 97% English-only · Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Clinton

• 2024 margin: Solid R (+54.6) · D 22.3% · R 76.9%
• 2008→2024 swing: -24.3pp toward R · 2008: -30.3pp · 2024: -54.6pp
• All cycles: 2024: R+54.6 2020: R+52.6 2016: R+52.6 2012: R+35.2 2008: R+30.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.35%
• Current HPI: 238.9182
• 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

-8.0% since first listed

6 events — show timeline

• 2026-04-13 Pending — Dayton MLS
• 2026-03-30 Price Changed $335,000 Dayton MLS
• 2026-03-21 Price Changed $338,000 Dayton MLS
• 2026-03-16 Price Changed $339,000 Dayton MLS
• 2026-03-08 Price Changed $354,000 Dayton MLS
• 2026-03-03 Listed $364,000 Dayton MLS

Property tax history

+2.6%/yr

Latest (2025): $2,296 · -3.1% YoY. Source: county tax records.