2336 Murray Dr · Toledo, OH 43613

$164,900

4 bd · 1.0 ba · 1,238 sqft · SingleFamily public records · 22 Days on market

Built 1953 6,000 sqft lot $133/sqft · 5% below area Est $174k · 5% 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 +20.2/30.0
• ARV discount +9.8/15.0
• DSCR +6.4/10.0
• 1% rule +4.7/10.0
• Schools +3.5/10.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT HOME IN WASHINGTON LOCAL SCHOOLS. 4 BEDS. EAT IN KITCHEN. A FEW COSMETIC UPDATEW WOULD GO A LONG WAY. DETACHED GARAGE. QUIET STREET, FENCED YARD. PERFECT PROOPERTY FOR INVESTMENT OR FIRST TIME BUYER. DON'T WAIT!

Key facts

• 6,000 sq ft lot
• 4 parking spots
• Built 1953

Property features AI

Exterior

• Parking: Parking for 4 vehicles
• Utilities: Electricity available (100 Amp service); Public water; Public sewer; WiFi available
• Home design: Single-family house; One and a half levels; No attached units or common walls
• Construction: Other construction materials; Slab foundation
• Exterior features: Deck; Shingle roof

Interior

• Kitchen: Kitchen on main level (16 x 13); Gas oven; Microwave; Refrigerator
• Bedrooms: Main-level bedroom (11 x 10); Upper-level bedroom (16 x 15)
• Flooring: Combination flooring
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Five total rooms; Other interior features
• Laundry & utility: Washer and dryer included; Laundry located on main level

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $208 ($2k/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 $159k (3.3% below list).
• Recommended offer: $159k (3.3% below list) — sets the bar for 1% rule.

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.
• Washington Local (urban): math 37% / reading 47% proficiency, ranked #528 of 656 in OH (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Silver Creek Elementary School (math 32% / reading 42%, grade F, #1,087 of 1,584 statewide, top 70%, 653 students, 0% FRL); Whitmer High School (math 38% / reading 48%, grade F, #494 of 781 statewide, top 63%, 2,247 students, 42% FRL) — zoned schools average 21% FRL vs 48% district-wide (28 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+3.3%/yr); 111 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 415 units permitted in Lucas County in 2024 (122 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.
• Lucas County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($162k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y 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.
• Current owner paid $43k; list at $165k implies a 283% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $159,429 (3.3% below list)

Questions for the listing agent

1. Built in 1953 — 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: 0.97% ✗
• Cap rate: 7.80%
• Cash-on-cash: 5.39%
• DSCR: 1.24
• GRM: 8.6

CMA / ARV

• ARV (median comp): $173,866
• List price: $164,900
• Delta: -5.16%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5737 Yermo Dr	0.37mi	3/1.5 (-1)	1,276 (+3%)	3mo	$200,000	$157	68
5541 Douglas Rd	0.24mi	3/2.0 (-1)	1,152 (-7%)	2mo	$220,000	$191	67
5322 Douglas Rd	0.26mi	3/1.0 (-1)	1,107 (-11%)	3mo	$158,500	$143	63
2341 Wernert Ave	0.35mi	3/1.5 (-1)	1,320 (+7%)	6mo	$210,000	$159	61
5810 Everwood Rd	0.57mi	3/1.5 (-1)	1,276 (+3%)	2mo	$204,000	$160	60
1825 Northover Rd	0.63mi	3/1.0 (-1)	1,332 (+8%)	4mo	$174,900	$131	50
4932 Bales Rd	0.71mi	3/2.0 (-1)	1,312 (+6%)	3mo	$159,900	$122	46
1826 Newport Ave	0.63mi	3/1.5 (-1)	1,075 (-13%)	1mo	$145,000	$135	40
4924 Roywood Rd	0.70mi	3/1.5 (-1)	1,107 (-11%)	3mo	$165,000	$149	40
5845 Douglas Rd	0.54mi	3/3.0 (-1)	1,399 (+13%)	1mo	$237,900	$170	40
4914 Bales Rd	0.74mi	3/1.0 (-1)	1,088 (-12%)	3mo	$121,000	$111	38
1818 Christian Ave	0.71mi	3/1.5 (-1)	1,075 (-13%)	2mo	$155,000	$144	36

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 · 3.3% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.72×
• Total profit: $-13,051
• Equity at exit: $24,587

10-year hold

• IRR: 2.3%
• Equity multiple: 1.16×
• Total profit: $7,525
• Equity at exit: $14,258

Cash invested: $46,172 (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 43613

• Home prices YoY: -20.7%
• Rents YoY: 3.3%
• Active inventory: 111
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,594 high
• Mortgage (P&I): −$865
• Tax from tax record: −$119 /mo · $1,422/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $208

Break-even live

Break-even rent $1,332

Max offer price $164,900

Occupancy floor 82%

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2347 Bucklew Dr Toledo, OH	3.0	2.0	1200	$1,600	$1.33	13d	1	0.07mi
2338 Bodette Ave Toledo, OH	3.0	2.0	1150	$1,800	$1.57	21d	1	0.25mi
5941 Tetherwood Dr Toledo, OH	3.0	1.5	1364	$1,695	$1.24	23d	1	0.74mi
1732 Newport Ave Toledo, OH	3.0	1.0	896	$1,350	$1.51	23d	1	0.74mi
1417 Primrose Ave Toledo, OH	3.0	1.0	1411	$1,625	$1.15	13d	1	1.20mi
3145 Brock Dr Toledo, OH	3.0	2.0	1100	$1,600	$1.45	13d	1	1.35mi
5831 Gany Mede Dr Toledo, OH	3.0	1.0	1004	$1,600	$1.59	13d	1	1.36mi
4614 Commonwealth Ave Toledo, OH	3.0	1.5	1459	$1,295	$0.89	13d	1	1.38mi
3353 W Laskey Rd Unit 2 Toledo, OH	3.0	1.0	750	$850	$1.13	21d	1	1.41mi
4315 Garden Park Dr Toledo, OH	3.0	1.0	1268	$1,423	$1.12	23d	1	1.46mi

Listing history 19 events

1. 2026-05-30
   status $164,900 Pending 22 DOM
2. 2026-05-06
   listed $164,900 Active 382-char remark
3. 2025-11-28
   historical
4. 2025-11-20
   price $164,900
5. 2025-11-14
   listed $170,000 Active
6. 2025-11-10
   historical
7. 2025-10-14
   price $43,300

   Show marketing remark (217 chars)

   GREAT HOME IN WASHINGTON LOCAL SCHOOLS. 4 BEDS. EAT IN KITCHEN. A FEW COSMETIC UPDATEW WOULD GO A LONG WAY. DETACHED GARAGE. QUIET STREET, FENCED YARD. PERFECT PROOPERTY FOR INVESTMENT OR FIRST TIME BUYER. DON'T WAIT!

8. 2022-01-11
   historical
9. 2021-12-18
   listed $119,900 Active
10. 2016-03-03
    soldstatus $43,000
11. 2016-02-29
    soldstatus $43,300

    Show marketing remark (217 chars)

    GREAT HOME IN WASHINGTON LOCAL SCHOOLS. 4 BEDS. EAT IN KITCHEN. A FEW COSMETIC UPDATEW WOULD GO A LONG WAY. DETACHED GARAGE. QUIET STREET, FENCED YARD. PERFECT PROOPERTY FOR INVESTMENT OR FIRST TIME BUYER. DON'T WAIT!

12. 2016-02-29
    price $49,900

    Show marketing remark (217 chars)

    GREAT HOME IN WASHINGTON LOCAL SCHOOLS. 4 BEDS. EAT IN KITCHEN. A FEW COSMETIC UPDATEW WOULD GO A LONG WAY. DETACHED GARAGE. QUIET STREET, FENCED YARD. PERFECT PROOPERTY FOR INVESTMENT OR FIRST TIME BUYER. DON'T WAIT!

13. 2015-10-12
    listed $49,900

    Show marketing remark (217 chars)

    GREAT HOME IN WASHINGTON LOCAL SCHOOLS. 4 BEDS. EAT IN KITCHEN. A FEW COSMETIC UPDATEW WOULD GO A LONG WAY. DETACHED GARAGE. QUIET STREET, FENCED YARD. PERFECT PROOPERTY FOR INVESTMENT OR FIRST TIME BUYER. DON'T WAIT!

14. 2012-10-02
    historical
15. 2010-11-02
    listed $62,900
16. 2010-10-20
    historical
17. 2010-04-20
    listed $69,900
18. 2009-04-28
    historical
19. 2008-06-23
    listed $74,900

ⓘ 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: $1,422 · $119/mo
• Projected year-2 tax: $1,997 · $166/mo
• Expected delta: +$575/yr (+$48/mo · 40.4%)

ⓘ 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,131
• − Mortgage interest: −$9,237
• − Property taxes: −$1,422
• − Insurance: −$824
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$4,797
• Taxable loss: −$210
• Est. tax savings @ 24.0%: +$50
• After-tax cash flow: $2,541/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: Washington Local
• NCES district ID: 3904823
• Math proficiency: 37% ▼ -20.00%
• Reading proficiency: 47% ▼ -11.00%
• Median HH income: $42,105
• Composite: 35.36/100
• National rank: #4957
• State rank: #528 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): 30,780
• Household income: $64,384
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 917.0

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: Predominantly White (71%)
• Race & ethnicity: White 71% Black 15% Two or more races 10% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 9% Lithuanian 3% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% Arabic 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: ▼ -62.37%
• Current HPI: 239.1345
• Rent YoY: ▲ 3.30%
• 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

+120.2% since first listed

19 events — show timeline

• 2026-05-30 Pending — NORIS
• 2026-05-06 Listed $164,900 NORIS
• 2025-11-28 Listing Removed — NORIS
• 2025-11-20 Price Changed $164,900 NORIS
• 2025-11-14 Listed $170,000 NORIS
• 2025-11-10 Coming Soon — NORIS
• 2025-10-14 Price Changed $43,300 NORIS
• 2022-01-11 Listing Removed — NORIS
• 2021-12-18 Listed $119,900 NORIS
• 2016-03-03 Sold (Public Records) $43,000 Public Records
• 2016-02-29 Sold (MLS) $43,300 NORIS
• 2016-02-29 Price Changed $49,900 NORIS
• 2015-10-12 Listed $49,900 NORIS
• 2012-10-02 Listing Removed — NORIS
• 2010-11-02 Listed $62,900 NORIS
• 2010-10-20 Listing Removed — NORIS
• 2010-04-20 Listed $69,900 NORIS
• 2009-04-28 Listing Removed — NORIS
• 2008-06-23 Listed $74,900 NORIS

Property tax history

+1.4%/yr

Latest (2025): $1,422 · +1.8% YoY. Source: county tax records.