262 Taylor Dr · Wilmington, OH 45177

$280,000

3 bd · 2.0 ba · 1,305 sqft · SingleFamily public records · 57 Days on market

Built 2023 7,318 sqft lot $215/sqft · at area comps Est $286k · at est.

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +8.4/15.0
• Schools +3.9/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully built 2023 single-level home offering 3 bedrooms and 2 full bathrooms, ideally located just outside of downtown Wilmington. Designed with modern living in mind, this home features a functional, open layout, stylish finishes, and a private primary suite. Enjoy the perfect balance of a quiet, well-kept neighborhood while remaining just minutes from local shops, dining, and all that downtown has to offer.

Key facts

• Single-level home
• Open layout
• Minutes from dining

Tags

• SINGLE-LEVEL HOME
• OPEN LAYOUT
• PRIVATE PRIMARY SUITE
• WELL-KEPT NEIGHBORHOOD
• MINUTES FROM LOCAL SHOPS
• MINUTES FROM DINING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $280k).
• Recommended offer: $272k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 6.2% in Wilmington — 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 77/100 on livability (#202 in OH, #3,127 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities D, commute F.
• Wilmington City (town): math 42% / reading 51% proficiency, ranked #492 of 656 in OH (top 75%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 107 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 119 units permitted in Clinton County in 2024 (0 in 5+ unit buildings).
• At $3,759/mo this rent would consume 64% of the median local household income ($70k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Clinton County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $78k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 13y 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 $240k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $271,600 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.34% ✓
• Cap rate: 11.47%
• Cash-on-cash: 18.49%
• DSCR: 1.82
• GRM: 6.2

CMA / ARV

• ARV (median comp): $285,969
• List price: $280,000
• Delta: -2.09%
• Verdict: FAIR
• Comps: 18 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
229 Southwind Blvd	0.09mi	3/2.5	1,288 (-1%)	9mo	$208,000	$161	84
215 Taylor Dr	0.05mi	3/2.0	1,231 (-6%)	11mo	$180,000	$146	79
290 Taylor Dr	0.02mi	3/2.0	1,188 (-9%)	16mo	$189,900	$160	71

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: 10.2%
• Equity multiple: 1.40×
• Total profit: $31,529
• Equity at exit: $41,749

10-year hold

• IRR: 19.3%
• Equity multiple: 2.61×
• Total profit: $126,338
• Equity at exit: $24,209

Cash invested: $78,400 (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 45177

• Active inventory: 107
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $3,759 medium
• Mortgage (P&I): −$1,468
• Tax from tax record: −$176 /mo · $2,118/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$789
• Net cashflow: $1,208

Break-even live

Break-even rent $2,230

Max offer price $280,000

Occupancy floor 63%

Sensitivity live

Price	-10% $1,367	-5% $1,287	+0% $1,208	+5% $1,129	+10% $1,050
Rent	-10% $911	-5% $1,060	+0% $1,208	+5% $1,357	+10% $1,505
Rate	-1.0pp $1,349	-0.5pp $1,279	base $1,208	+0.5pp $1,136	+1.0pp $1,062

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
229 Taylor Dr Wilmington, OH	3.0	2.0	1242	$2,000	$1.61	12d	1	0.03mi
121 Southwind Blvd Wilmington, OH	3.0	2.0	1344	$4,995	$3.72	3d	1	0.14mi
109 Southwind Blvd Wilmington, OH	3.0	2.0	1344	$4,995	$3.72	3d	1	0.15mi

Listing history 27 events

1. 2026-06-18
   days on market $280,000 Active 57 DOM
2. 2026-06-17
   days on market $280,000 Active 56 DOM
3. 2026-06-16
   days on market $280,000 Active 55 DOM
4. 2026-06-15
   days on market $280,000 Active 54 DOM
5. 2026-06-14
   days on market $280,000 Active 52 DOM
6. 2026-06-10
   days on market $280,000 Active 49 DOM
7. 2026-06-09
   days on market $280,000 Active 48 DOM
8. 2026-06-08
   days on market $280,000 Active 47 DOM
9. 2026-06-07
   days on market $280,000 Active 46 DOM
10. 2026-06-05
    days on market $280,000 Active 43 DOM
11. 2026-06-03
    days on market $280,000 Active 42 DOM
12. 2026-06-02
    days on market $280,000 Active 41 DOM
13. 2026-06-01
    days on market $280,000 Active 40 DOM
14. 2026-05-31
    days on market $280,000 Active 39 DOM
15. 2026-05-31
    days on market $280,000 Active 38 DOM
16. 2026-04-22
    listed $285,000 Active 433-char remark

    Show marketing remark (433 chars)

    Welcome to this beautifully built 2023 single-level home offering 3 bedrooms and 2 full bathrooms, ideally located just outside of downtown Wilmington. Designed with modern living in mind, this home features a functional, open layout, stylish finishes, and a private primary suite. Enjoy the perfect balance of a quiet, well-kept neighborhood while remaining just minutes from local shops, dining, and all that downtown has to offer.

17. 2024-02-09
    soldstatus $240,000 Closed 547-char remark

    Show marketing remark (547 chars)

    Enjoy this brand new construction home, featuring 1370 square feet in Wilmington Ohio! The open floor plan is perfect for family gatherings and entertaining. You'll find a private owner's suite with a full bath and huge walk-in closet. There's still time to choose your finishes to make it exactly what you want! Builder upgrades and different floor plans available. Estimated time of completion is early December, you can be moved in by Christmas! * * Photos of home are of a model that already has sold. First photo is of house currently * *

18. 2024-02-09
    soldstatus $240,000 Sold 547-char remark

    Show marketing remark (547 chars)

    Enjoy this brand new construction home, featuring 1370 square feet in Wilmington Ohio! The open floor plan is perfect for family gatherings and entertaining. You'll find a private owner's suite with a full bath and huge walk-in closet. There's still time to choose your finishes to make it exactly what you want! Builder upgrades and different floor plans available. Estimated time of completion is early December, you can be moved in by Christmas! * * Photos of home are of a model that already has sold. First photo is of house currently * *

19. 2023-12-01
    status Pending 547-char remark

    Show marketing remark (547 chars)

    Enjoy this brand new construction home, featuring 1370 square feet in Wilmington Ohio! The open floor plan is perfect for family gatherings and entertaining. You'll find a private owner's suite with a full bath and huge walk-in closet. There's still time to choose your finishes to make it exactly what you want! Builder upgrades and different floor plans available. Estimated time of completion is early December, you can be moved in by Christmas! * * Photos of home are of a model that already has sold. First photo is of house currently * *

20. 2023-10-13
    listed $240,000 Active 547-char remark

    Show marketing remark (547 chars)

    Enjoy this brand new construction home, featuring 1370 square feet in Wilmington Ohio! The open floor plan is perfect for family gatherings and entertaining. You'll find a private owner's suite with a full bath and huge walk-in closet. There's still time to choose your finishes to make it exactly what you want! Builder upgrades and different floor plans available. Estimated time of completion is early December, you can be moved in by Christmas! * * Photos of home are of a model that already has sold. First photo is of house currently * *

21. 2023-09-02
    historical
22. 2023-09-01
    status Active
23. 2023-07-13
    historical
24. 2023-04-17
    listed $240,000 Active
25. 2022-10-04
    soldstatus $144,000
26. 2015-01-05
    historical
27. 2013-04-23
    listed $7,500

ⓘ 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: $2,118 · $176/mo
• Projected year-2 tax: $3,243 · $270/mo
• Expected delta: +$1,125/yr (+$94/mo · 53.1%)

ⓘ 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 · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,109
• − Mortgage interest: −$15,684
• − Property taxes: −$2,118
• − Insurance: −$1,400
• − Repairs & maintenance: −$3,609
• − Management: −$3,609
• − Depreciation: −$8,145
• Taxable income: $10,544
• Est. tax owed @ 24.0%: −$2,531
• After-tax cash flow: $11,968/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: Wilmington City
• NCES district ID: 3904511
• Math proficiency: 42% ▼ -16.00%
• Reading proficiency: 51% ▼ -6.00%
• Median HH income: $43,201
• Composite: 39.2/100
• National rank: #4020
• State rank: #492 of 656 in OH

Livability — Wilmington

• Score: 77/100
• State rank: #202
• US rank: #3127

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wilmington, OH
• County: Clinton · 46,911 people
• Population (ZIP): 22,442
• Household income: $70,483
• Rent vs Own: 30.6% rent · 69.4% own
• Severe rent burden: 9.5

Population outlook (Clinton County) Hauer SSP2

• Today (2025): 41,352 people
• By 2030: 40,831 · -1.3%
• By 2040: 39,049 · -5.6%
• By 2050: 36,408 · -12.0%
• By 2075: 29,652 · -28.3%
• By 2100: 20,736 · -49.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Black 3% Hispanic / Latino 2% Asian 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 2%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 97% English-only · Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Clinton

• 2024 margin: Solid R (+54.6) · D 22.3% · R 76.9%
• 2008→2024 swing: -24.3pp toward R · 2008: -30.3pp · 2024: -54.6pp
• All cycles: 2024: R+54.6 2020: R+52.6 2016: R+52.6 2012: R+35.2 2008: R+30.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -150.35%
• Current HPI: 238.9182
• 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

+3700.0% since first listed

12 events — show timeline

• 2026-04-22 Listed $285,000 Cincy MLS
• 2024-02-09 Sold (MLS) $240,000 Dayton MLS
• 2024-02-09 Sold (MLS) $240,000 Dayton MLS
• 2023-12-01 Pending — Dayton MLS
• 2023-10-13 Listed $240,000 Dayton MLS
• 2023-09-02 Listing Removed — Dayton MLS
• 2023-09-01 Relisted — Dayton MLS
• 2023-07-13 Listing Removed — Dayton MLS
• 2023-04-17 Listed $240,000 Dayton MLS
• 2022-10-04 Sold (Public Records) $144,000 Public Records
• 2015-01-05 Listing Removed — Dayton MLS
• 2013-04-23 Listed $7,500 Dayton MLS

Property tax history

+25.7%/yr

Latest (2025): $2,118 · -3.4% YoY. Source: county tax records.