823 S Walnut St · Bucyrus, OH 44820

$150,000

4 bd · 2.0 ba · 2,336 sqft · SingleFamily public records · 272 Days on market

Built 1930 10,454 sqft lot $64/sqft · 17% below area Est $181k · 17% under ↓ 35% since listing

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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 +15.1/30.0
• ARV discount +15.0/15.0
• DSCR +4.6/10.0
• 1% rule +4.0/10.0
• Livability +3.9/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

Key facts

• Big backyard
• Renovated
• 0.24 acre lot

Tags

• RENOVATED
• KITCHEN WITH GRANITE COUNTERS
• LARGE FIRST FLOOR LAUNDRY ROOM
• BIG BACKYARD

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $49 ($587/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 $135k (10.3% below list).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.4% in Bucyrus — 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 78/100 on livability (#158 in OH, #2,388 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, amenities F, commute F.
• Bucyrus City (town): math 37% / reading 46% proficiency, ranked #537 of 656 in OH (top 82%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 81 active listings in the ZIP; 8 units permitted in Crawford County in 2024 (0 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 $4k of value loss. Plan a longer hold.
• Crawford County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 272 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts; this cycle's ask has dropped $80k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 272 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 1930 — 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. 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: 0.90% ✗
• Cap rate: 6.68%
• Cash-on-cash: 1.40%
• DSCR: 1.06
• GRM: 9.3

CMA / ARV

• ARV (median comp): $180,963
• List price: $150,000
• Delta: -17.11%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
708 S Sandusky Ave	0.10mi	3/1.0 (-1)	2,290 (-2%)	2mo	$200,000	$87	81
583 W Rogers St	0.20mi	4/2.0	2,196 (-6%)	5mo	$40,000	$18	76
513 S Poplar St	0.35mi	4/2.0	2,245 (-4%)	2mo	$227,000	$101	75
545 S Sandusky Ave	0.27mi	3/2.5 (-1)	2,248 (-4%)	3mo	$222,500	$99	72
1130 Marion Rd	0.37mi	4/2.5	2,543 (+9%)	2mo	$315,000	$124	64
317 South Spring St	0.49mi	4/1.5	2,220 (-5%)	5mo	$130,000	$59	63
550 S Walnut St	0.25mi	5/2.5 (+1)	2,660 (+14%)	2mo	$265,000	$100	57
1211 S Sandusky Ave	0.36mi	4/1.5	2,031 (-13%)	6mo	$239,900	$118	55
1083 Martha Ave	0.75mi	4/2.0	2,260 (-3%)	11mo	$310,000	$137	51
520 Park Ave	0.40mi	3/1.5 (-1)	2,050 (-12%)	9mo	$130,000	$63	46
1325 Home Cir Dr	0.50mi	3/2.5 (-1)	2,081 (-11%)	14mo	$230,000	$111	40
420 Mader Dr	0.49mi	4/4.0	2,680 (+15%)	14mo	$349,900	$131	33

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: -14.1%
• Equity multiple: 0.50×
• Total profit: $-21,185
• Equity at exit: $22,365

10-year hold

• IRR: -5.3%
• Equity multiple: 0.66×
• Total profit: $-14,411
• Equity at exit: $12,969

Cash invested: $42,000 (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 44820

• Home prices YoY: -27.1%
• Active inventory: 81
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,345 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$165 /mo · $1,977/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $49

Break-even live

Break-even rent $1,283

Max offer price $150,000

Occupancy floor 91%

Sensitivity live

Price	-10% $134	-5% $91	+0% $49	+5% $6	+10% $-36
Rent	-10% $-57	-5% $-4	+0% $49	+5% $102	+10% $155
Rate	-1.0pp $124	-0.5pp $87	base $49	+0.5pp $10	+1.0pp $-30

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-21
   days on market $150,000 Active 272 DOM
2. 2026-06-18
   days on market $150,000 Active 270 DOM
3. 2026-06-17
   days on market $150,000 Active 269 DOM
4. 2026-06-16
   days on market $150,000 Active 268 DOM
5. 2026-06-15
   statusdays on market $150,000 Active 267 DOM
6. 2026-06-13
   days on market $150,000 Contingent 265 DOM
7. 2026-06-12
   days on market $150,000 Contingent 264 DOM
8. 2026-06-09
   days on market $150,000 Contingent 261 DOM
9. 2026-06-08
   days on market $150,000 Contingent 260 DOM
10. 2026-06-07
    days on market $150,000 Contingent 259 DOM
11. 2026-06-05
    days on market $150,000 Contingent 257 DOM
12. 2026-06-04
    days on market $150,000 Contingent 255 DOM
13. 2026-06-02
    days on market $150,000 Contingent 254 DOM
14. 2026-06-01
    days on market $150,000 Contingent 253 DOM
15. 2026-05-31
    days on market $150,000 Contingent 252 DOM
16. 2026-05-14
    status Active 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

17. 2026-03-24
    historical Contingent 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

18. 2026-03-02
    status Active 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

19. 2026-03-02
    price $150,000 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

20. 2025-11-14
    historical 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

21. 2025-10-15
    price $179,900 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

22. 2025-09-26
    status Active 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

23. 2025-09-25
    historical Contingent 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

24. 2025-09-15
    price $189,900 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

25. 2025-09-04
    status Active 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

26. 2025-08-19
    historical Contingent 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

27. 2025-08-07
    price $219,900 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

28. 2025-07-23
    status Active 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

29. 2025-07-18
    historical Contingent 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

30. 2025-07-11
    status Active 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

31. 2025-07-10
    historical Contingent 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

32. 2025-06-05
    listed $229,900 Active 388-char remark

    Show marketing remark (388 chars)

    This 4-bedroom, 2-bath home has been beautifully renovated! Recent updates include siding, windows, doors, flooring, paint, furnace, A/C, a kitchen with granite counters, a large first-floor laundry room, bathrooms, light fixtures, a deck, and more. This home features spacious rooms and a big backyard. It is eligible for special financing programs and is a Fannie Mae HomePath property.

ⓘ 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: $1,977 · $165/mo
• Projected year-2 tax: $2,158 · $180/mo
• Expected delta: +$182/yr (+$15/mo · 9.2%)

ⓘ 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 ≥98°F today · 17 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: $16,143
• − Mortgage interest: −$8,402
• − Property taxes: −$1,977
• − Insurance: −$750
• − Repairs & maintenance: −$1,291
• − Management: −$1,291
• − Depreciation: −$4,364
• Taxable loss: −$1,933
• Est. tax savings @ 24.0%: +$464
• After-tax cash flow: $1,051/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: Bucyrus City
• NCES district ID: 3904368
• Math proficiency: 37% ▼ -15.00%
• Reading proficiency: 46% ▼ -5.00%
• Median HH income: $36,819
• Composite: 34.45/100
• National rank: #5196
• State rank: #537 of 656 in OH

Livability — Bucyrus

• Score: 78/100
• State rank: #158
• US rank: #2388

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bucyrus, OH
• County: Crawford · 26,873 people
• City population: 17,265
• Population (ZIP): 17,265
• Household income: $56,942
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 8.2

Population outlook (Crawford County) Hauer SSP2

• Today (2025): 39,421 people
• By 2030: 37,656 · -4.5%
• By 2040: 34,043 · -13.6%
• By 2050: 30,617 · -22.3%
• By 2075: 23,652 · -40.0%
• By 2100: 17,786 · -54.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 2% Asian 1% Black 1%
• Common ancestry: Iranian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Crawford

• 2024 margin: Solid R (+53.0) · D 23.1% · R 76.1%
• 2008→2024 swing: -33.9pp toward R · 2008: -19.0pp · 2024: -53.0pp
• All cycles: 2024: R+53.0 2020: R+50.9 2016: R+46.8 2012: R+22.7 2008: R+19.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.64%
• Current HPI: 176.3548
• 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

-34.8% since first listed

17 events — show timeline

• 2026-05-14 Relisted — CBRMLS
• 2026-03-24 Contingent — CBRMLS
• 2026-03-02 Relisted — CBRMLS
• 2026-03-02 Price Changed $150,000 CBRMLS
• 2025-11-14 Listing Removed — CBRMLS
• 2025-10-15 Price Changed $179,900 CBRMLS
• 2025-09-26 Relisted — CBRMLS
• 2025-09-25 Contingent — CBRMLS
• 2025-09-15 Price Changed $189,900 CBRMLS
• 2025-09-04 Relisted — CBRMLS
• 2025-08-19 Contingent — CBRMLS
• 2025-08-07 Price Changed $219,900 CBRMLS
• 2025-07-23 Relisted — CBRMLS
• 2025-07-18 Contingent — CBRMLS
• 2025-07-11 Relisted — CBRMLS
• 2025-07-10 Contingent — CBRMLS
• 2025-06-05 Listed $229,900 CBRMLS

Property tax history

+2.3%/yr

Latest (2025): $1,977 · -1.3% YoY. Source: county tax records.