419 E Streicher St · Toledo, OH 43608

$75,000

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 4 Days on market

Built 1913 3,700 sqft lot

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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 +25.0/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• Rent growth +3.5/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity—this property can be purchased individually or as part of a larger parcel package. Ideal for investors looking for a flip or value-add project. Strong potential to renovate, reposition, and build equity quickly. Packaged Parcels: 808 Bartley SFH (0206397), 1401 Foster SFH (0504717), 2010 Airport Triplex (0515444). Asking $141,400.00 for the package.

Key facts

• Quartz countertops
• Private backyard
• Finished basement

Tags

• UPDATED EAT-IN KITCHEN
• QUARTZ COUNTERTOPS
• FINISHED BASEMENT
• PRIVATE BACKYARD
• DETACHED TWO-CAR GARAGE

Property features AI

Finance

• HOA & community: Curbs; Street lights; Sidewalks

Exterior

• Parking: Detached 2-car garage; Alley access; On-street parking
• Security: Carbon monoxide detector(s); Fire alarm
• Utilities: Cable available; Electricity available; Natural gas available; Public water; Public sewer; Internet available
• Home design: Single-family house; One story
• Construction: Aluminum siding; Shingle roof; Other foundation
• Exterior features: Awning(s); Enclosed porch; Privacy fencing; Landscaped lot; Garage(s) structure

Interior

• Kitchen: Gas range; Microwave; Refrigerator
• Bedrooms: Bedroom 2 on the main level; Additional bedroom(s) on the main level
• Flooring: Luxury vinyl; Tile
• Bathrooms: 1 full bathroom; 1 half bathroom (1.5 total)
• Heating & cooling: Forced air heating (natural gas); Ceiling fan(s) for cooling; Has heating and cooling
• Interior features: Eat-in kitchen; Pantry; Smart thermostat; Ceiling fan(s); Screens on windows; Door screens; 4 total rooms; Finished full basement (concrete)
• Laundry & utility: Washer hookup in basement; Electric dryer hookup in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $163 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($824 rent vs $75k).

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: Sherman Elementary School (math 2% / reading 8%, grade F, #1,554 of 1,584 statewide, top 100%, 293 students, 0% FRL); Woodward High School (math 2% / reading 22%, grade F, #726 of 781 statewide, top 94%, 672 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 (+3.9%/yr); 59 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 34% of the median local income ($29k/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 $519 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 + 3.9% rent growth), your $21k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $18k; list at $75k implies a 329% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1913 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1913 — 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: 1.10% ✓
• Cap rate: 8.90%
• Cash-on-cash: 9.30%
• DSCR: 1.41
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $28,224
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
419 E Streicher St	0.00mi	2/1.0	672 (0%)	6mo	$17,500	$26	95
703 Ashwood Ave	0.52mi	2/1.0	680 (+1%)	1mo	$36,000	$53	73
3245 Elm St	0.10mi	2/1.0	756 (+12%)	3mo	$33,000	$44	72
3560 Wersell Ave	0.47mi	2/1.0	660 (-2%)	18mo	$75,000	$114	60
326 Bronson Ave	0.25mi	2/1.0	740 (+10%)	14mo	$28,000	$38	60
3154 Elm St	0.04mi	1/1.0 (-1)	592 (-12%)	19mo	$25,000	$42	58
246 E Manhattan Blvd	0.47mi	2/1.0	732 (+9%)	14mo	$77,500	$106	52
30 W Oakland St	0.62mi	1/1.0 (-1)	730 (+9%)	7mo	$28,000	$38	46
34 E Streicher St	0.48mi	2/1.0	760 (+13%)	17mo	$25,000	$33	42
1142 Page St	0.74mi	1/1.0 (-1)	772 (+15%)	12mo	$19,500	$25	25

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 · 3.89% rent growth · sell at horizon

5-year hold

• IRR: -1.3%
• Equity multiple: 0.95×
• Total profit: $-1,051
• Equity at exit: $11,183

10-year hold

• IRR: 9.3%
• Equity multiple: 1.74×
• Total profit: $15,517
• Equity at exit: $6,485

Cash invested: $21,000 (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 43608

• Home prices YoY: -21.3%
• Rents YoY: 3.9%
• Active inventory: 59
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $824 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$64 /mo · $767/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$173
• Net cashflow: $163

Break-even live

Break-even rent $618

Max offer price $75,000

Occupancy floor 75%

Sensitivity live

Price	-10% $205	-5% $184	+0% $163	+5% $141	+10% $120
Rent	-10% $98	-5% $130	+0% $163	+5% $195	+10% $228
Rate	-1.0pp $200	-0.5pp $182	base $163	+0.5pp $143	+1.0pp $124

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
340 E Lake St Toledo, OH	2.0	1.0	683	$775	$1.13	25d	1	0.30mi
2807 Chestnut St Unit 2 Toledo, OH	1.0	1.0	745	$495	$0.66	23d	1	0.38mi
3474 Maher St Toledo, OH	2.0	1.0	736	$1,125	$1.53	45d	1	0.84mi
426 Beacon St Toledo, OH	1.0–2.0	1.0–1.5	809	$882	$1.09	15d	10	1.31mi

Listing history 3 events

1. 2026-06-21
   days on market $75,000 Active 4 DOM
2. 2026-06-18
   remarks 699-char remark
3. 2026-06-18
   listed $75,000 Active 1 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: $767 · $64/mo
• Projected year-2 tax: $969 · $81/mo
• Expected delta: +$201/yr (+$17/mo · 26.2%)

ⓘ 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,892
• − Mortgage interest: −$4,201
• − Property taxes: −$767
• − Insurance: −$375
• − Repairs & maintenance: −$791
• − Management: −$791
• − Depreciation: −$2,182
• Taxable income: $784
• Est. tax owed @ 24.0%: −$188
• After-tax cash flow: $1,764/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): 13,593
• Household income: $29,275
• Rent vs Own: 44.6% rent · 55.4% own
• Severe rent burden: 911.0

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 0.60)
• Race & ethnicity: Black 57% White 25% Two or more races 9% Hispanic / Latino 8% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 91% English-only · Spanish 7%

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: ▼ -37.73%
• Current HPI: 139.4964
• Rent YoY: ▲ 3.89%
• 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

+383.9% since first listed

5 events — show timeline

• 2026-06-17 Listed $75,000 NORIS
• 2026-01-08 Sold (MLS) $17,500 NORIS
• 2025-12-28 Pending — NORIS
• 2025-11-21 Listed $22,600 NORIS
• 1989-02-24 Sold (Public Records) $15,500 Public Records

Property tax history

+3.1%/yr

Latest (2025): $767 · +2.1% YoY. Source: county tax records.