1943 Starr Ave · Toledo, OH 43605

$79,900

4 bd · 1.0 ba · 1,629 sqft · SingleFamily public records · 147 Days on market

Built 1929 3,300 sqft lot Est $83k · at est.

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +9.2/15.0
• Rent growth +3.8/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large 1600+ SQFT, 4 bedroom home completely remodeled in 2019. Close to shopping, restaurants and I-280/I-75 access. Currently rented for $900/month ROI could be higher. Great all brick house, to be sold as a package only with 655 Raymer Blvd and 2041 Brame Pl for $189,000. Monthly rental income $2665 could be more.

Key facts

• 3,300 sq ft lot
• Parking
• Built 1929

Property features AI

Exterior

• Parking: 1 parking space total; Off-street parking with driveway and alley access; Gravel parking surface
• Utilities: Public water; Sanitary sewer; Electric with circuit breakers; Cable connected
• Home design: Single-family residence (house); Two levels / 2 stories; No shared/common walls; Entry facing information not provided
• Construction: Brick construction; Other type foundation; Built year source: public records
• Exterior features: Shingle roof; Concrete road frontage on a city street

Interior

• Kitchen: Microwave; Refrigerator; Water heater
• Bedrooms: Primary bedroom on upper level; Three additional bedrooms on upper level
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom (1.5 total)
• Heating & cooling: Forced air heating; Natural gas
• Interior features: Ceiling fans; Living room fireplace; 8 total rooms
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $399 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 7.6% in Toledo — 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 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: Raymer Elementary School (math 14% / reading 16%, grade F, #1,377 of 1,584 statewide, top 87%, 424 students, 0% FRL); Waite High School (math 12% / reading 24%, grade F, #687 of 781 statewide, top 88%, 997 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 (+5.4%/yr); 117 active listings in the ZIP; 18 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 37% of the median local income ($39k/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 $552 of loan paydown is wiped out by about $2k 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 + 5.4% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 22y ago; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1929 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 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 1929 — 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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.52% ✓
• Cap rate: 12.29%
• Cash-on-cash: 21.41%
• DSCR: 1.95
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $83,079
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1943 Starr Ave	0.00mi	4/1.5	1,629 (0%)	1mo	$73,400	$45	97
1703 Nevada St	0.32mi	4/2.5	1,760 (+8%)	1mo	$84,000	$48	65
245 Plymouth St	0.50mi	3/1.0 (-1)	1,591 (-2%)	4mo	$50,600	$32	64
277 Parker Ave	0.60mi	4/1.0	1,716 (+5%)	4mo	$63,500	$37	60
520 Spring Grove Ave	0.28mi	4/1.5	1,851 (+14%)	4mo	$147,000	$79	58
337 Crestway Dr	0.65mi	4/1.5	1,728 (+6%)	1mo	$205,000	$119	57
610 Parker Ave	0.66mi	3/1.0 (-1)	1,716 (+5%)	2mo	$87,000	$51	54
728 Parker Ave	0.74mi	3/1.5 (-1)	1,634 (+0%)	5mo	$84,900	$52	53
715 Raymer Blvd	0.52mi	3/2.0 (-1)	1,481 (-9%)	3mo	$71,500	$48	49
2053 Idaho St	0.39mi	3/2.0 (-1)	1,402 (-14%)	2mo	$165,000	$118	48
2455 Eastmoreland Dr	0.72mi	3/2.0 (-1)	1,698 (+4%)	5mo	$125,000	$74	46
142 Van Buren Ave	0.63mi	3/1.0 (-1)	1,444 (-11%)	2mo	$72,000	$50	45

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 · 5.37% rent growth · sell at horizon

5-year hold

• IRR: 16.7%
• Equity multiple: 1.69×
• Total profit: $15,468
• Equity at exit: $11,913

10-year hold

• IRR: 26.9%
• Equity multiple: 3.64×
• Total profit: $59,094
• Equity at exit: $6,908

Cash invested: $22,372 (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 43605

• Home prices YoY: -25.6%
• Rents YoY: 5.4%
• Active inventory: 117
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,216 high
• Mortgage (P&I): −$419
• Tax from tax record: −$110 /mo · $1,314/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $399

Break-even live

Break-even rent $711

Max offer price $79,900

Occupancy floor 62%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2074 Starr Ave Toledo, OH	3.0	1.0	1115	$1,025	$0.92	23d	1	0.15mi
2129 Nevada St Toledo, OH	3.0	1.0	1352	$1,200	$0.89	14d	1	0.38mi
245 Plymouth St Toledo, OH	3.0	1.0	1600	$1,125	$0.70	14d	1	0.51mi
1505 Navarre Ave Toledo, OH	3.0	1.0	1331	$1,145	$0.86	43d	1	0.61mi
1306 Mott Ave Toledo, OH	3.0	1.5	1282	$1,149	$0.90	43d	1	0.77mi
1305 Mott Ave Toledo, OH	3.0	1.0	1080	$1,000	$0.93	43d	1	0.79mi
1106 White St Toledo, OH	3.0	1.0	1200	$1,015	$0.85	14d	1	0.84mi
128 Carbon St Toledo, OH	3.0	1.0	1113	$1,200	$1.08	23d	1	0.85mi
414 Platt St Unit ST-3 Toledo, OH	3.0	1.0	1500	$1,150	$0.77	23d	1	0.88mi
29 Garfield Pl Toledo, OH	4.0	2.0	1300	$1,250	$0.96	14d	1	0.89mi
1848 Genesee St Toledo, OH	3.0	1.0	1069	$1,300	$1.22	23d	1	0.97mi
1848 Genesee St Toledo, OH	3.0	1.0	1069	$1,200	$1.12	43d	1	0.97mi
908 Forsythe St Unit Downstairs Toledo, OH	3.0	1.0	1164	$950	$0.82	43d	1	1.01mi
1964 Burr St Toledo, OH	3.0	1.0	1159	$1,250	$1.08	43d	1	1.02mi
921 Berry St Toledo, OH	4.0	1.0	1204	$1,350	$1.12	14d	1	1.05mi
606 Earl St Toledo, OH	3.0	1.5	1700	$1,150	$0.68	21d	1	1.22mi
834 Oak St Toledo, OH	3.0	1.0	1064	$900	$0.85	43d	1	1.32mi
20 Greenwood Ave Toledo, OH	3.0	1.0	1496	$1,150	$0.77	14d	1	1.44mi

Listing history 28 events

1. 2026-04-22
   status Pending
2. 2026-02-26
   historical Contingent
3. 2026-02-02
   price $79,900
4. 2025-11-19
   listed $84,900 Active
5. 2025-10-14
   price $62,500 319-char remark

   Show marketing remark (170 chars)

   Beautifully remodeled, 1629 SQFT. 4 bedrooms all brick home. New kitchen, new paint throughout, new carpet in all bedrooms. All appliances included. Immediate possession.

6. 2025-10-14
   price $43,000 170-char remark

   Show marketing remark (170 chars)

   Beautifully remodeled, 1629 SQFT. 4 bedrooms all brick home. New kitchen, new paint throughout, new carpet in all bedrooms. All appliances included. Immediate possession.

7. 2025-10-13
   price $9,000
8. 2023-03-08
   soldstatus $62,500 Closed 319-char remark

   Show marketing remark (319 chars)

   Large 1600+ SQFT, 4 bedroom home completely remodeled in 2019. Close to shopping, restaurants and I-280/I-75 access. Currently rented for $900/month ROI could be higher. Great all brick house, to be sold as a package only with 655 Raymer Blvd and 2041 Brame Pl for $189,000. Monthly rental income $2665 could be more.

9. 2023-03-07
   status Pending 319-char remark

   Show marketing remark (319 chars)

   Large 1600+ SQFT, 4 bedroom home completely remodeled in 2019. Close to shopping, restaurants and I-280/I-75 access. Currently rented for $900/month ROI could be higher. Great all brick house, to be sold as a package only with 655 Raymer Blvd and 2041 Brame Pl for $189,000. Monthly rental income $2665 could be more.

10. 2023-01-26
    historical Contingent 319-char remark

    Show marketing remark (319 chars)

    Large 1600+ SQFT, 4 bedroom home completely remodeled in 2019. Close to shopping, restaurants and I-280/I-75 access. Currently rented for $900/month ROI could be higher. Great all brick house, to be sold as a package only with 655 Raymer Blvd and 2041 Brame Pl for $189,000. Monthly rental income $2665 could be more.

11. 2022-12-08
    price $75,000 319-char remark

    Show marketing remark (319 chars)

    Large 1600+ SQFT, 4 bedroom home completely remodeled in 2019. Close to shopping, restaurants and I-280/I-75 access. Currently rented for $900/month ROI could be higher. Great all brick house, to be sold as a package only with 655 Raymer Blvd and 2041 Brame Pl for $189,000. Monthly rental income $2665 could be more.

12. 2022-11-14
    listed $79,900 Active 319-char remark

    Show marketing remark (319 chars)

    Large 1600+ SQFT, 4 bedroom home completely remodeled in 2019. Close to shopping, restaurants and I-280/I-75 access. Currently rented for $900/month ROI could be higher. Great all brick house, to be sold as a package only with 655 Raymer Blvd and 2041 Brame Pl for $189,000. Monthly rental income $2665 could be more.

13. 2019-12-24
    soldstatus $43,000 170-char remark

    Show marketing remark (170 chars)

    Beautifully remodeled, 1629 SQFT. 4 bedrooms all brick home. New kitchen, new paint throughout, new carpet in all bedrooms. All appliances included. Immediate possession.

14. 2019-10-14
    listed $46,900 170-char remark

    Show marketing remark (170 chars)

    Beautifully remodeled, 1629 SQFT. 4 bedrooms all brick home. New kitchen, new paint throughout, new carpet in all bedrooms. All appliances included. Immediate possession.

15. 2012-08-21
    soldstatus $9,000
16. 2012-07-27
    price $10,000
17. 2012-06-05
    listed $10,000
18. 2011-09-17
    historical
19. 2010-09-17
    listed $14,900
20. 2007-12-06
    historical
21. 2007-06-20
    listed $59,900
22. 2007-03-25
    historical
23. 2006-09-29
    listed $69,900
24. 2004-12-29
    soldstatus $63,300
25. 2004-12-17
    soldstatus $63,250
26. 2004-10-28
    listed $63,250
27. 2004-09-09
    historical
28. 2004-03-09
    listed $69,900

ⓘ 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: $1,314 · $110/mo
• Projected year-2 tax: $1,314 · $110/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 ≥100°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: $14,597
• − Mortgage interest: −$4,476
• − Property taxes: −$1,314
• − Insurance: −$400
• − Repairs & maintenance: −$1,168
• − Management: −$1,168
• − Depreciation: −$2,324
• Taxable income: $3,748
• Est. tax owed @ 24.0%: −$899
• After-tax cash flow: $3,890/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): 24,441
• Household income: $39,118
• Rent vs Own: 51.9% rent · 48.1% own
• Severe rent burden: 1257.0

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 0.61)
• Race & ethnicity: White 57% Hispanic / Latino 21% Black 14% Two or more races 14%
• Hispanic origin (detail): Mexican 17% Puerto Rican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 91% English-only · Spanish 7% 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: ▼ -47.85%
• Current HPI: 138.6894
• Rent YoY: ▲ 5.37%
• 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

+14.3% since first listed

28 events — show timeline

• 2026-04-22 Pending — NORIS
• 2026-02-26 Contingent — NORIS
• 2026-02-02 Price Changed $79,900 NORIS
• 2025-11-19 Listed $84,900 NORIS
• 2025-10-14 Price Changed $62,500 NORIS
• 2025-10-14 Price Changed $43,000 NORIS
• 2025-10-13 Price Changed $9,000 NORIS
• 2023-03-08 Sold (MLS) $62,500 NORIS
• 2023-03-07 Pending — NORIS
• 2023-01-26 Contingent — NORIS
• 2022-12-08 Price Changed $75,000 NORIS
• 2022-11-14 Listed $79,900 NORIS
• 2019-12-24 Sold (MLS) $43,000 NORIS
• 2019-10-14 Listed $46,900 NORIS
• 2012-08-21 Sold (MLS) $9,000 NORIS
• 2012-07-27 Price Changed $10,000 NORIS
• 2012-06-05 Listed $10,000 NORIS
• 2011-09-17 Listing Removed — NORIS
• 2010-09-17 Listed $14,900 NORIS
• 2007-12-06 Listing Removed — NORIS
• 2007-06-20 Listed $59,900 NORIS
• 2007-03-25 Listing Removed — NORIS
• 2006-09-29 Listed $69,900 NORIS
• 2004-12-29 Sold (Public Records) $63,300 Public Records
• 2004-12-17 Sold (MLS) $63,250 NORIS
• 2004-10-28 Listed $63,250 NORIS
• 2004-09-09 Listing Removed — NORIS
• 2004-03-09 Listed $69,900 NORIS

Property tax history

+2.0%/yr

Latest (2025): $1,314 · +0.8% YoY. Source: county tax records.