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1668 Brownstone Blvd Apt 613
B- Composite 67.14
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 +26.5/30.0
  • 1% rule +10.0/10.0
  • ARV discount +9.4/15.0
  • DSCR +9.0/10.0
  • Rent growth +4.5/5.0
  • Livability +3.3/5.0
  • Schools +2.2/10.0
  • Condition / age +2.2/5.0
  • Appreciation +0.0/10.0

$67,000

1668 Brownstone Blvd Apt 613 · Toledo, OH 43614
2 bd · 1.5 ba · 1,208 sqft · Condo public records · 61 Days on market
Built 1974 Fair condition $55/sqft · at area comps Est $70k · at est. $222/mo HOA · 20% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Cute South Toledo 2 bed 1.5 bath condo. Unit features LR, DR, kitchen with pantry, large master with walk through closet and full bath access. Unit also features half bath with w/ d hook-ups. Currently rented for $840/mo on lease through March 2026.

Key facts

  • Walk through closet
  • Full bath access
  • Kitchen with pantry

Tags

KITCHEN WITH PANTRYWALK THROUGH CLOSETFULL BATH ACCESSHALF BATH WITH W D HOOK UPS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.5-bath condo listed at $67k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $176 ($2k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($1k rent vs $67k).
  • Recommended offer: $63k (6.0% below list) — sets the bar for market timing.
  • Cap rate 9.4% vs local median 7.0% in Toledo — 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 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: Glendale-Feilbach Elementary School (math 7% / reading 15%, grade F, #1,459 of 1,584 statewide, top 92%, 353 students, 0% FRL); Bowsher High School (math 23% / reading 45%, grade F, #596 of 781 statewide, top 76%, 1,240 students, 49% FRL) — zoned schools average 25% FRL vs 72% district-wide (47 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents rising fast (+8.0%/yr); 126 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 71d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 92% of comp listings sitting > 30 days — soft ceiling on asking rent; 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $463 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 + 8.0% rent growth), your $19k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 61 days — a 6% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 8y ago; this cycle's ask has dropped $6k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $30k; list at $67k implies a 123% gain — meaningful room to come down on a strong offer.
Recommended offer $62,980 (6.0% below list)

Questions for the listing agent

  1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. 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?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  9. 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?
  10. 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.
  11. 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.
  12. 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
1.67%
Cap rate
9.45%
Cash-on-cash
11.27%
DSCR
1.50
GRM
5.0

CMA / ARV

ARV (median comp)
$69,895
List price
$67,000
Delta
-4.14%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1658 Brownstone Blvd Apt 134 0.05mi 2/2.0 1,208 (0%) 1mo $86,500 $72 95
1009 Nela Pkwy 0.89mi 3/1.0 (+1) 1,196 (-1%) 0mo $107,500 $90 56
5441 Cresthaven Ln Apt 1 0.73mi 2/2.0 1,278 (+6%) 1mo $120,000 $94 53
4730 Glendale Ave Apt 210 0.71mi 2/2.0 1,130 (-6%) 1mo $133,500 $118 53
5006 Lynbridge Ln 0.74mi 3/1.5 (+1) 1,275 (+6%) 2mo $229,900 $180 50
2278 Belvedere Dr 1.46mi 3/1.5 (+1) 1,284 (+6%) 2mo $248,500 $194 48
2317 Rockspring Rd #104 0.82mi 2/2.5 1,340 (+11%) 2mo $125,000 $93 41
4710 Glendale Ave #204 0.72mi 2/1.5 1,000 (-17%) 1mo $148,000 $148 41
5918 Staghorn Dr #5918 1.21mi 2/1.0 946 (-22%) 1mo $102,500 $108 37
5806 Staghorn Dr 1.18mi 2/1.0 1,480 (+22%) 1mo $142,000 $96 37
2022 Eastgate Rd 0.90mi 3/1.5 (+1) 992 (-18%) 1mo $200,000 $202 34
1136 Nela Pkwy 0.71mi 3/1.0 (+1) 1,008 (-17%) 2mo $172,000 $171 34

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 · 8.0% rent growth · sell at horizon

5-year hold
IRR
8.1%
Equity multiple
1.34×
Total profit
$6,439
Equity at exit
$9,990
10-year hold
IRR
22.4%
Equity multiple
3.54×
Total profit
$47,622
Equity at exit
$5,793

Cash invested: $18,760 (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.

Active competition Active MLS

For sale now
0 active · 4 under contract

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 43614

Home prices YoY
-22.4%
Rents YoY
8.0%
Active inventory
126
Price-to-rent
5.0×

Monthly cashflow live

Estimated rent
$1,118 high interval (Pro) →
Mortgage (P&I)
$351
Tax from tax record
$106 /mo · $1,268/yr
Insurance
$28
HOA
$222
Vacancy / Maint / Mgmt
$235
Net cashflow
$176

Break-even live

Break-even rent $895
Max offer price $67,000
Occupancy floor 79%

Sensitivity live

Price -10% $214 -5% $195 +0% $176 +5% $157 +10% $138
Rent -10% $88 -5% $132 +0% $176 +5% $220 +10% $264
Rate -1.0pp $210 -0.5pp $193 base $176 +0.5pp $159 +1.0pp $141

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
$16,750
Closing costs
$2,010
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 26 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
1801 Brownstone Blvd Toledo, OH 1.0–2.0 1.0–1.5 1054 $1,199 $1.14 70d 1 0.11mi
1812 Glen Valley Dr Toledo, OH 1.0–3.0 1.0–1.5 845 $935 $1.11 93d 1 0.48mi
5123 Ryan Rd Toledo, OH 1.0–2.0 1.0–2.0 830 $999 $1.20 70d 1 0.56mi
2223 Foxbourne Rd Toledo, OH 2.0 1.0 887 $885 $1.00 70d 2 0.68mi
5359 Cresthaven Ln Apt 5 Toledo, OH 1.0 1.0 715 $675 $0.94 93d 1 0.74mi
5713 Tibaron Ln #112 Toledo, OH 2.0 1.5 946 $1,175 $1.24 72d 1 0.74mi
5727 Tibaron Ln Toledo, OH 1.0–2.0 1.0–2.0 738 $1,195 $1.62 72d 1 0.77mi
2342 Old Stone Ct Toledo, OH 1.0–2.0 1.0–2.0 881 $995 $1.13 63d 1 0.82mi
1163 Bernath Unit 1163 Toledo, OH 2.0 1.5 1200 $1,185 $0.99 72d 1 0.85mi
1220 Four Seasons Dr Toledo, OH 2.0 2.0 1000 $1,145 $1.15 72d 1 0.86mi
2425 Cheyenne Blvd Toledo, OH 1.0–3.0 1.0–2.0 995 $1,129 $1.13 46d 8 0.92mi
5427 Glenridge Dr Unit 5433 Toledo, OH 2.0 1.5 1200 $1,249 $1.04 93d 1 0.95mi
5420 Heatherdowns Blvd Toledo, OH 1.0–2.0 1.0–2.0 1050 $1,295 $1.23 61d 1 0.98mi
5526 Heatherdowns Blvd #8 Toledo, OH 2.0 1.5 1115 $950 $0.85 63d 1 1.01mi
5926 Walnut Cir Unit C12 Toledo, OH 2.0 1.5 1330 $1,395 $1.05 72d 1 1.02mi
5534 Heatherdowns Blvd Unit 5540 Toledo, OH 2.0 1.0 1000 $850 $0.85 72d 1 1.02mi
5943 Walnut Cir Dr Toledo, OH 1.0–2.0 1.0–1.5 1000 $1,395 $1.40 70d 3 1.08mi
4835 Heatherdowns Blvd Toledo, OH 1.0–2.0 1.0–1.5 845 $965 $1.14 63d 1 1.16mi
5648 Ryewyck Dr Toledo, OH 2.0 1.0 1000 $1,000 $1.00 17d 1 1.20mi
5623 Ryewyck Dr Toledo, OH 2.0 1.0 1160 $1,000 $0.86 17d 1 1.21mi
5623 Ryewyck Dr Toledo, OH 2.0 1.0 1160 $999 $0.86 93d 1 1.21mi
4874 S Village Dr Toledo, OH 1.0–2.0 1.0 900 $1,120 $1.24 63d 1 1.24mi
5901 Ryewyck Dr Toledo, OH 2.0 1.0 900 $900 $1.00 61d 1 1.30mi
2250 Perrysburg Holland Rd Maumee, OH 2.0 1.0 727 $904 $1.24 57d 1 1.39mi
5001 South Ave Toledo, OH 3.0 2.0 1312 $1,424 $1.09 63d 1 1.41mi
5702 Angola Rd Toledo, OH 3.0 2.0 1056 $1,249 $1.18 72d 1 1.41mi

Property features AI

Finance

HOA & community
Association with monthly fee of $222.45

Exterior

Parking
2 parking spacesAsphalt / paved parking
Utilities
Electricity connected (circuit breakers)Natural gas connectedPublic waterPublic sewer
Home design
Residential condominiumAttached unit with one common wallOne-story / single levelLiving area reported
Construction
Stucco constructionBlock foundation
Exterior features
Shingle roof

Interior

Kitchen
Kitchen on main level (8 x 8)
Bedrooms
Bedroom on main level (10 x 10)
Flooring
CarpetLaminate
Bathrooms
1 full bathroom1 half bathroom (1.5 total)
Heating & cooling
Forced air heating (natural gas)Central air conditioning
Interior features
Walk-in closet(s)5 total rooms
Laundry & utility
In-unit laundry

HOA detail $222/mo · $2,664/yr condo

Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-07-29
    days on market $67,000 Active 61 DOM
  2. 2026-07-27
    days on market $67,000 Active 59 DOM
  3. 2026-07-25
    days on market $67,000 Active 57 DOM
  4. 2026-07-23
    days on market $67,000 Active 55 DOM
  5. 2026-07-22
    days on market $67,000 Active 54 DOM
  6. 2026-07-21
    days on market $67,000 Active 53 DOM
  7. 2026-07-18
    days on market $67,000 Active 50 DOM
  8. 2026-07-16
    days on market $67,000 Active 48 DOM
  9. 2026-07-16
    days on market $67,000 Active 47 DOM
  10. 2026-07-14
    days on market $67,000 Active 46 DOM
  11. 2026-07-13
    days on market $67,000 Active 45 DOM
  12. 2026-07-12
    days on market $67,000 Active 44 DOM
  13. 2026-07-11
    pricedays on market $67,000 Active 43 DOM
  14. 2026-07-10
    days on market $70,000 Active 42 DOM
  15. 2026-07-09
    days on market $70,000 Active 41 DOM
  16. 2026-07-08
    days on market $70,000 Active 40 DOM
  17. 2026-07-06
    days on market $70,000 Active 38 DOM
  18. 2026-07-05
    days on market $70,000 Active 37 DOM
  19. 2026-07-04
    days on market $70,000 Active 36 DOM
  20. 2026-07-03
    days on market $70,000 Active 35 DOM
  21. 2026-07-02
    days on market $70,000 Active 34 DOM
  22. 2026-07-01
    days on market $70,000 Active 33 DOM
  23. 2026-06-30
    days on market $70,000 Active 32 DOM
  24. 2026-06-29
    days on market $70,000 Active 31 DOM
  25. 2026-06-28
    days on market $70,000 Active 30 DOM
  26. 2026-06-28
    days on market $70,000 Active 29 DOM
  27. 2026-06-27
    days on market $70,000 Active 28 DOM
  28. 2026-06-25
    days on market $70,000 Active 26 DOM
  29. 2026-06-23
    days on market $70,000 Active 24 DOM
  30. 2026-06-21
    days on market $70,000 Active 23 DOM
  31. 2026-06-18
    days on market $70,000 Active 20 DOM
  32. 2026-06-17
    days on market $70,000 Active 19 DOM
  33. 2026-06-16
    days on market $70,000 Active 18 DOM
  34. 2026-06-15
    days on market $70,000 Active 17 DOM
  35. 2026-06-14
    pricedays on market $70,000 Active 15 DOM
  36. 2026-06-10
    days on market $72,500 Active 12 DOM
  37. 2026-06-09
    days on market $72,500 Active 11 DOM
  38. 2026-06-08
    days on market $72,500 Active 10 DOM
  39. 2026-06-07
    days on market $72,500 Active 9 DOM
  40. 2026-06-05
    days on market $72,500 Active 6 DOM
  41. 2026-06-03
    days on market $72,500 Active 5 DOM
  42. 2026-06-02
    days on market $72,500 Active 4 DOM
  43. 2026-06-01
    days on market $72,500 Active 3 DOM
  44. 2026-05-31
    days on market $72,500 Active 2 DOM
  45. 2026-05-30
    pricestatusdays on marketlisting id $72,500 Active 1 DOM
  46. 2026-05-04
    price $69,400 248-char remark
  47. 2026-04-17
    price $69,900 248-char remark
  48. 2026-03-26
    price $72,500 248-char remark
  49. 2026-03-10
    listed $75,000 Active 248-char remark
  50. 2025-12-02
    historical

ⓘ 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
$1,268 · $106/mo
Projected year-2 tax
$1,268 · $106/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ 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 · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$13,415
− Mortgage interest
−$3,753
− Property taxes
−$1,268
− Insurance
−$335
− Repairs & maintenance
−$1,073
− Management
−$1,073
− HOA
−$2,664
− Depreciation
−$1,949
Taxable income
$1,299
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$312
After-tax cash flow
$1,802/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.

Condition & rehab AI · 9 photos

Fair 45/100 Cosmetic rehab Est. rehab $6,040–$18,120 screening

A modestly maintained townhouse with cosmetic updates needed for a fresh look and increased value.

Components & finishes AI

Roof asphalt shingle · good Flooring carpet Counters laminate Appliances white HVAC central · new lt5

Repairs flagged

  • Minor exterior paint — Light discoloration
  • Minor interior paint — Some scuff marks

Value-add opportunities

  • Both Paint exterior — Enhances curb appeal and value
  • Both Replace carpet — Fresh carpet improves comfort and value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 22/100

Zoned Schools

Elementary Glendale-Feilbach Elementary School F OH #1,459/1,584 Nat'l #38,478/41,679 High Bowsher High School F OH #596/781 Nat'l #10,121/17,239

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
C Composite livability gradescore 66/100

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 · 420,751 people
City population
280,811
Metro
Toledo, OH
Population (ZIP)
29,075
Household income
$58,961
Rent vs Own
40.7% rent · 59.3% own
Severe rent burden
4% of renters

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
Predominantly White (67%)
Race & ethnicity
White 67% Black 21% Hispanic / Latino 7% Two or more races 4% Asian 2%
Hispanic origin (detail)
Mexican 6% Puerto Rican 1%
Common ancestry
Romanian 8% Italian 5% Lithuanian 3%
Foreign-born
3% · Canada
Languages at home
96% English-only · Other Indo-European 1% Spanish 1%

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

Price history

+108.7% since first listed
16 events — show timeline
  • 2026-07-10 Price Changed $67,000 NORIS
  • 2026-06-10 Price Changed $70,000 NORIS
  • 2026-05-29 Listed $72,500 NORIS
  • 2026-05-21 Listing Removed NORIS
  • 2026-05-04 Price Changed $69,400 NORIS
  • 2026-04-17 Price Changed $69,900 NORIS
  • 2026-03-26 Price Changed $72,500 NORIS
  • 2026-03-10 Listed $75,000 NORIS
  • 2025-12-02 Listing Removed NORIS
  • 2025-11-05 Listed $75,000 NORIS
  • 2018-05-16 Sold (Public Records) $30,000 Public Records
  • 2018-05-04 Sold (MLS) $30,000 NORIS
  • 2018-04-29 Listed $30,000 NORIS
  • 1998-01-30 Sold (Public Records) $39,000 Public Records
  • 1989-08-14 Sold (Public Records) $33,000 Public Records
  • 1978-07-28 Sold (Public Records) $32,100 Public Records

Property tax history

+0.8%/yr

Latest (2025): $1,268 · +0.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…