3693 Lakepointe Dr · Northwood, OH 43619

$82,450

2 bd · 1.5 ba · 896 sqft · Condo public records · 52 Days on market

Built 1975

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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 +29.7/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Schools +5.2/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• Garage
• Built 1975
• Listed 52 days

Property features AI

Exterior

• Parking: 1-car garage; Off-street parking on asphalt
• Utilities: Electricity connected; Natural gas connected; Public water; Public sewer; WiFi available
• Home design: Residential condominium; Duplex structure; Two stories; No shared/common walls
• Construction: Vinyl siding; Crawl space foundation; Built with conventional construction
• Exterior features: Rear porch; Shingle roof

Interior

• Kitchen: Electric oven; Refrigerator
• Bedrooms: Primary bedroom (Upper); Bedroom 2 (Upper)
• Flooring: Carpet
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Eat-in kitchen; 4 total rooms
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $82k.

Deal economics

• At list price, monthly cash flow is $301 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $82k).
• Recommended offer: $80k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 2.1% in Northwood — 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 79/100 on livability (#151 in OH, #2,295 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Lake Local (rural): math 56% / reading 65% proficiency, ranked #282 of 656 in OH (top 43%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Lake Elementary School (math 74% / reading 72%, grade A, #315 of 1,584 statewide, top 20%, 654 students, 35% FRL); Lake Middle School (math 46% / reading 63%, grade B-, #342 of 654 statewide, top 54%, 359 students, 0% FRL); Lake High School (math 52% / reading 59%, grade C, #296 of 781 statewide, top 39%, 568 students, 60% FRL).
• Market conditions: 31 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 493 units permitted in Wood County in 2024 (48 in 5+ unit buildings).
• This rent is only 17% of the median local income ($76k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $570 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wood County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $23k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($80k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $59k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $79,976 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 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 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 10.67%
• Cash-on-cash: 15.63%
• DSCR: 1.70
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.4%
• Equity multiple: 1.25×
• Total profit: $5,801
• Equity at exit: $12,294

10-year hold

• IRR: 15.8%
• Equity multiple: 2.29×
• Total profit: $29,756
• Equity at exit: $7,129

Cash invested: $23,086 (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 43619

• Home prices YoY: -29.2%
• Active inventory: 31
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,091 medium
• Mortgage (P&I): −$432
• Tax from tax record: −$94 /mo · $1,131/yr
• Insurance: −$34
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $301

Break-even live

Break-even rent $710

Max offer price $82,450

Occupancy floor 67%

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: $20,612
• Closing costs: $2,474
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3617 Lakepointe Dr Northwood, OH	1.0–4.0	1.0–1.5	887	$1,091	$1.23	13d	12	0.06mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $82,450 Active 52 DOM
2. 2026-06-17
   days on market $82,450 Active 51 DOM
3. 2026-06-16
   days on market $82,450 Active 50 DOM
4. 2026-06-15
   days on market $82,450 Active 49 DOM
5. 2026-06-14
   days on market $82,450 Active 47 DOM
6. 2026-06-10
   days on market $82,450 Active 44 DOM
7. 2026-06-09
   pricedays on market $82,450 Active 43 DOM
8. 2026-06-08
   days on market $84,900 Active 42 DOM
9. 2026-06-07
   days on market $84,900 Active 41 DOM
10. 2026-06-05
    days on market $84,900 Active 38 DOM
11. 2026-06-03
    days on market $84,900 Active 37 DOM
12. 2026-06-02
    days on market $84,900 Active 36 DOM
13. 2026-06-01
    days on market $84,900 Active 35 DOM
14. 2026-05-31
    days on market $84,900 Active 34 DOM
15. 2026-05-30
    days on market $84,900 Active 33 DOM
16. 2026-04-27
    listed $84,900 Active
17. 2006-06-19
    soldstatus $59,000

ⓘ 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: $1,131 · $94/mo
• Projected year-2 tax: $1,208 · $101/mo
• Expected delta: +$78/yr (+$6/mo · 6.9%)

ⓘ 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 · 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: $13,088
• − Mortgage interest: −$4,618
• − Property taxes: −$1,131
• − Insurance: −$412
• − Repairs & maintenance: −$1,047
• − Management: −$1,047
• − Depreciation: −$2,399
• Taxable income: $2,434
• Est. tax owed @ 24.0%: −$584
• After-tax cash flow: $3,024/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: Lake Local
• NCES district ID: 3905069
• Math proficiency: 56% ▼ -6.00%
• Reading proficiency: 65% ▼ -2.00%
• Median HH income: $51,218
• Composite: 51.58/100
• National rank: #1710
• State rank: #282 of 656 in OH

Livability — Northwood

• Score: 79/100
• State rank: #151
• US rank: #2295

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Wood · 127,168 people
• City population: 7,151
• Metro: Toledo, OH
• Population (ZIP): 7,151
• Household income: $75,883
• Rent vs Own: 21.6% rent · 78.4% own
• Severe rent burden: 21.5

Population outlook (Wood County) Hauer SSP2

• Today (2025): 138,744 people
• By 2030: 143,189 · +3.2%
• By 2040: 150,896 · +8.8%
• By 2050: 158,589 · +14.3%
• By 2075: 182,166 · +31.3%
• By 2100: 196,533 · +41.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 7% Lithuanian 2% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Wood

• 2024 margin: R (+10.2) · D 44.4% · R 54.6%
• 2008→2024 swing: -17.3pp toward R · 2008: 7.1pp · 2024: -10.2pp
• All cycles: 2024: R+10.2 2020: R+7.6 2016: R+8.5 2012: D+4.2 2008: D+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.49%
• Current HPI: 180.5853
• 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

+43.9% since first listed

2 events — show timeline

• 2026-04-27 Listed $84,900 NORIS
• 2006-06-19 Sold (Public Records) $59,000 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,131 · +1.1% YoY. Source: county tax records.