79 Toland St · London, OH 43140

$154,500

3 bd · 2.0 ba · 1,648 sqft · SingleFamily public records · 8 Days on market

Built 1930 3,049 sqft lot Est $259k · 40% 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).

• ARV discount +15.0/15.0
• Cash flow +14.9/30.0
• DSCR +4.6/10.0
• Schools +4.0/10.0
• Livability +3.5/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Open to Investors as well as Owner Occupants. Come see this Historic Charmer located in the heart of London Ohio. This home features 3 bedrooms, 2 bath rooms, and a great wrap around porch where you can spend your evenings with your family. Hurry this one won't last long!

Key facts

• Wrap around porch
• Corner lot
• 3,049 sq ft lot

Tags

• CORNER LOT
• WRAP AROUND PORCH

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family home; Two levels; Built in 1930; No shared/common walls
• Construction: Other foundation
• Exterior features: Deck; Fenced yard; Shed(s)

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: Two full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $154k.

Deal economics

• At list price, monthly cash flow is $46 ($549/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 $125k (19.2% below list).
• Recommended offer: $125k (19.2% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.0% in London — 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 70/100 on livability (#477 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• London City (town): math 39% / reading 54% proficiency, ranked #479 of 656 in OH (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 111 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 530 units permitted in Madison County in 2024 (120 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.
• Madison County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 31y 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 $22k; list at $154k implies a 602% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $124,813 (19.2% below list)

Questions for the listing agent

1. Built in 1930 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.81% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.27%
• DSCR: 1.06
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $258,736
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
188 W Center St	0.15mi	4/1.0 (+1)	1,628 (-1%)	11mo	$145,000	$89	73
154 E High St	0.57mi	3/2.0	1,708 (+4%)	5mo	$288,000	$169	63
84 E 5th St	0.58mi	3/1.0	1,620 (-2%)	7mo	$220,000	$136	60
25 Vernon Ave	0.31mi	3/2.0	1,456 (-12%)	11mo	$204,900	$141	57
202 Toland St	0.27mi	4/2.5 (+1)	1,502 (-9%)	11mo	$300,000	$200	56
37 Lotspeich Ave	0.52mi	3/1.5	1,494 (-9%)	4mo	$213,000	$143	54
35 Arlington Ave	0.49mi	3/2.5	1,849 (+12%)	2mo	$318,000	$172	53
31 N Madison Rd Unit R	0.35mi	4/1.5 (+1)	1,892 (+15%)	2mo	$272,500	$144	50
188 S Oak St	0.22mi	4/1.5 (+1)	1,404 (-15%)	11mo	$250,000	$178	49
27 Stump Ln	0.71mi	3/2.0	1,824 (+11%)	2mo	$265,000	$145	48
119 N Oak St	0.49mi	2/1.5 (-1)	1,462 (-11%)	9mo	$229,900	$157	44
151 New Hampshire Ave	0.64mi	4/3.0 (+1)	1,551 (-6%)	11mo	$310,000	$200	42

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: -14.3%
• Equity multiple: 0.49×
• Total profit: $-22,181
• Equity at exit: $23,036

10-year hold

• IRR: -5.6%
• Equity multiple: 0.63×
• Total profit: $-15,804
• Equity at exit: $13,358

Cash invested: $43,260 (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 43140

• Active inventory: 111
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,248 medium
• Mortgage (P&I): −$810
• Tax from tax record: −$66 /mo · $788/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $46

Break-even live

Break-even rent $1,190

Max offer price $154,500

Occupancy floor 91%

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: $38,625
• Closing costs: $4,635
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 E High St Unit 3G London, OH	2.0	1.0	1200	$955	$0.80	1d	1	0.33mi
107 Chandler Ave London, OH	3.0	2.5	1280	$1,950	$1.52	2d	1	0.83mi

Listing history 7 events

1. 2026-06-18
   days on market $154,500 Active 8 DOM
2. 2026-06-17
   days on market $154,500 Active 7 DOM
3. 2026-06-16
   days on market $154,500 Active 6 DOM
4. 2026-06-15
   days on market $154,500 Active 5 DOM
5. 2026-06-13
   days on market $154,500 Active 3 DOM
6. 2026-06-13
   remarks 214-char remark
7. 2026-06-13
   listed $154,500 Active 2 DOM

ⓘ 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: $788 · $66/mo
• Projected year-2 tax: $1,599 · $133/mo
• Expected delta: +$811/yr (+$68/mo · 102.9%)

ⓘ 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 · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% 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: $14,978
• − Mortgage interest: −$8,654
• − Property taxes: −$788
• − Insurance: −$772
• − Repairs & maintenance: −$1,198
• − Management: −$1,198
• − Depreciation: −$4,495
• Taxable loss: −$2,128
• Est. tax savings @ 24.0%: +$511
• After-tax cash flow: $1,060/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: London City
• NCES district ID: 3904425
• Math proficiency: 39% ▼ -19.00%
• Reading proficiency: 54% ▼ -9.00%
• Median HH income: $53,859
• Composite: 40.19/100
• National rank: #3785
• State rank: #479 of 656 in OH

Livability — London

• Score: 70/100
• State rank: #477
• US rank: #7937

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: London, OH
• County: Madison · 56,187 people
• Metro: Columbus, OH
• Population (ZIP): 24,162
• Household income: $82,598
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 7.4

Population outlook (Madison County) Hauer SSP2

• Today (2025): 46,050 people
• By 2030: 46,826 · +1.7%
• By 2040: 47,941 · +4.1%
• By 2050: 47,919 · +4.1%
• By 2075: 46,160 · +0.2%
• By 2100: 38,584 · -16.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 8% Two or more races 7% Hispanic / Latino 2% Asian 2%
• Common ancestry: Slovak 2% Iranian 2% Lithuanian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Madison

• 2024 margin: Solid R (+43.7) · D 27.6% · R 71.3% · Other 1.1%
• 2008→2024 swing: -20.3pp toward R · 2008: -23.4pp · 2024: -43.7pp
• All cycles: 2024: R+43.7 2020: R+41.0 2016: R+39.7 2012: R+20.4 2008: R+23.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -224.46%
• Current HPI: 249.4987
• 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

+1717.6% since first listed

20 events — show timeline

• 2026-06-09 Listed $154,500 CBRMLS
• 2013-10-11 Sold (Public Records) $22,000 Public Records
• 2013-10-04 Sold (MLS) $22,000 CBRMLS
• 2013-09-04 Listing Removed — CBRMLS
• 2013-07-19 Listed $26,000 CBRMLS
• 2013-04-16 Sold (Public Records) $25,334 Public Records
• 2011-01-01 Listing Removed — CBRMLS
• 2010-04-25 Listed $119,900 CBRMLS
• 2002-06-21 Sold (Public Records) $85,200 Public Records
• 2002-06-03 Sold (MLS) $85,200 CBRMLS
• 2002-04-11 Listing Removed — CBRMLS
• 2002-01-28 Listed $93,900 CBRMLS
• 1996-10-11 Sold (Public Records) $49,000 Public Records
• 1996-06-28 Listing Removed — CBRMLS
• 1996-04-01 Listed $57,800 CBRMLS
• 1996-03-27 Listing Removed — CBRMLS
• 1995-06-10 Listed $67,900 CBRMLS
• 1995-06-03 Listing Removed — CBRMLS
• 1995-01-01 Listed $69,900 CBRMLS
• 1986-11-28 Sold (Public Records) $8,500 Public Records

Property tax history

+3.8%/yr

Latest (2025): $788 · -3.6% YoY. Source: county tax records.