5050 West Fremont Rd · Port Clinton, OH 43452

$165,000

3 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 3 Days on market

Built 1956 0.55 ac lot $140/sqft · at area comps Est $161k · 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 +9.6/10.0
• ARV discount +6.5/15.0
• Schools +4.8/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

EXTENSIVELY RENOVATED... Living room w/new carpeting, freshly painted & new trim. Kitchen w/new, natural wood Kompact Brentwood cabinetry 2018. Laundry room off kitchen w/ceramic tile flooring. Lennox propane GFA w/Central Air & duct work new 2018! Rheem electric Water Heater new 2018. Bathroom w/deep, soaking tub, tub surround & shower. Three bedrooms were freshly painted & new carpeting in 2018.

Key facts

• 0.55 acre lot
• 2 garage spots
• Built 1956

Property features AI

Exterior

• Parking: Detached paved 2-car garage
• Utilities: 100 Amp electrical service; Septic tank sewer
• Home design: Single-family residence; Residential property
• Construction: Aluminum siding
• Exterior features: Asphalt roof; Lot approximately 0.55 acres

Interior

• Kitchen: Includes range, dishwasher, refrigerator
• Bedrooms: Total of 6 rooms (bedrooms/other rooms included)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air; Ceiling fan(s); Propane heating; Forced air heating
• Interior features: Dishwasher; Dryer; Range; Refrigerator; Washer; Crawl space basement
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $432 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Cap rate 12.5% vs local median 2.4% in Port Clinton — 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 72/100 on livability (#359 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A-; Watch: employment C-, amenities F, commute F.
• Port Clinton City (town): math 55% / reading 59% proficiency, ranked #342 of 656 in OH (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 224 active listings in the ZIP; 128 units permitted in Ottawa County in 2024 (0 in 5+ unit buildings).
• At $2,413/mo this rent would consume 45% of the median local household income ($64k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Ottawa County population projected at -19% 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 $46k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y 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 $100k; list at $165k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $165,000

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.46% ✓
• Cap rate: 12.54%
• Cash-on-cash: 22.29%
• DSCR: 1.99
• GRM: 5.7

CMA / ARV

• ARV (median comp): $161,471
• List price: $165,000
• Delta: 2.19%
• Verdict: FAIR
• Comps: 3 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 0.6%
• Equity multiple: 1.02×
• Total profit: $1,007
• Equity at exit: $24,602

10-year hold

• IRR: 10.3%
• Equity multiple: 1.81×
• Total profit: $37,272
• Equity at exit: $14,266

Cash invested: $46,200 (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 43452

• Active inventory: 224
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $2,413 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$114 /mo · $1,364/yr
• Insurance: −$69
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$507
• Net cashflow: $432

Break-even live

Break-even rent $1,866

Max offer price $165,000

Occupancy floor 77%

Sensitivity live

Price	-10% $525	-5% $479	+0% $432	+5% $385	+10% $338
Rent	-10% $241	-5% $337	+0% $432	+5% $527	+10% $622
Rate	-1.0pp $515	-0.5pp $474	base $432	+0.5pp $389	+1.0pp $346

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-21
   days on market $165,000 Active 3 DOM
2. 2026-06-17
   days on marketlisting id $165,000 Active 1 DOM
3. 2026-06-16
   days on market $165,000 Active 183 DOM
4. 2026-06-15
   days on market $165,000 Active 182 DOM
5. 2026-06-13
   days on market $165,000 Active 180 DOM
6. 2026-06-12
   days on market $165,000 Active 179 DOM
7. 2026-06-09
   days on market $165,000 Active 176 DOM
8. 2026-06-08
   days on market $165,000 Active 175 DOM
9. 2026-06-08
   days on market $165,000 Active 174 DOM
10. 2026-06-07
    days on market $165,000 Active 173 DOM
11. 2026-06-04
    days on market $165,000 Active 170 DOM
12. 2026-06-02
    days on market $165,000 Active 169 DOM
13. 2026-06-01
    days on market $165,000 Active 168 DOM
14. 2026-05-31
    days on market $165,000 Active 167 DOM
15. 2026-03-23
    price $175,000 428-char remark
16. 2025-12-15
    listed $185,000 Active 428-char remark
17. 2025-10-14
    price $100,000 416-char remark

    Show marketing remark (416 chars)

    EXTENSIVELY RENOVATED... Living room w/new carpeting, freshly painted & new trim. Kitchen w/new, natural wood Kompact Brentwood cabinetry 2018. Laundry room off kitchen w/ceramic tile flooring. Lennox propane GFA w/Central Air & duct work new 2018! Rheem electric Water Heater new 2018. Bathroom w/deep, soaking tub, tub surround & shower. Three bedrooms were freshly painted & new carpeting in 2018.

18. 2018-12-06
    soldstatus $100,000
19. 2018-11-30
    soldstatus $100,000 416-char remark

    Show marketing remark (416 chars)

    EXTENSIVELY RENOVATED... Living room w/new carpeting, freshly painted & new trim. Kitchen w/new, natural wood Kompact Brentwood cabinetry 2018. Laundry room off kitchen w/ceramic tile flooring. Lennox propane GFA w/Central Air & duct work new 2018! Rheem electric Water Heater new 2018. Bathroom w/deep, soaking tub, tub surround & shower. Three bedrooms were freshly painted & new carpeting in 2018.

20. 2018-11-30
    soldstatus $100,000

    Show marketing remark (416 chars)

    EXTENSIVELY RENOVATED... Living room w/new carpeting, freshly painted & new trim. Kitchen w/new, natural wood Kompact Brentwood cabinetry 2018. Laundry room off kitchen w/ceramic tile flooring. Lennox propane GFA w/Central Air & duct work new 2018! Rheem electric Water Heater new 2018. Bathroom w/deep, soaking tub, tub surround & shower. Three bedrooms were freshly painted & new carpeting in 2018.

21. 2018-08-27
    listed $105,000 416-char remark

    Show marketing remark (416 chars)

    EXTENSIVELY RENOVATED... Living room w/new carpeting, freshly painted & new trim. Kitchen w/new, natural wood Kompact Brentwood cabinetry 2018. Laundry room off kitchen w/ceramic tile flooring. Lennox propane GFA w/Central Air & duct work new 2018! Rheem electric Water Heater new 2018. Bathroom w/deep, soaking tub, tub surround & shower. Three bedrooms were freshly painted & new carpeting in 2018.

22. 2018-08-27
    listed $105,000

    Show marketing remark (416 chars)

    EXTENSIVELY RENOVATED... Living room w/new carpeting, freshly painted & new trim. Kitchen w/new, natural wood Kompact Brentwood cabinetry 2018. Laundry room off kitchen w/ceramic tile flooring. Lennox propane GFA w/Central Air & duct work new 2018! Rheem electric Water Heater new 2018. Bathroom w/deep, soaking tub, tub surround & shower. Three bedrooms were freshly painted & new carpeting in 2018.

23. 2018-02-01
    soldstatus $50,750
24. 2017-10-12
    listed $42,900
25. 2004-12-02
    soldstatus $96,000

ⓘ 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: $1,364 · $114/mo
• Projected year-2 tax: $1,969 · $164/mo
• Expected delta: +$605/yr (+$50/mo · 44.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone AE · 62% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°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: $28,953
• − Mortgage interest: −$9,243
• − Property taxes: −$1,364
• − Insurance: −$5,944
• − Repairs & maintenance: −$2,316
• − Management: −$2,316
• − Depreciation: −$4,800
• Taxable income: $2,970
• Est. tax owed @ 24.0%: −$713
• After-tax cash flow: $4,469/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: Port Clinton City
• NCES district ID: 3904465
• Math proficiency: 55% ▼ -14.00%
• Reading proficiency: 59% ▼ -11.00%
• Median HH income: $47,532
• Composite: 48.34/100
• National rank: #2145
• State rank: #342 of 656 in OH

Livability — Port Clinton

• Score: 72/100
• State rank: #359
• US rank: #5778

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Ottawa · 37,113 people
• City population: 14,052
• Metro: Sandusky, OH
• Population (ZIP): 14,052
• Household income: $63,815
• Rent vs Own: 20.7% rent · 79.3% own
• Severe rent burden: 5.6

Population outlook (Ottawa County) Hauer SSP2

• Today (2025): 39,548 people
• By 2030: 38,297 · -3.2%
• By 2040: 35,070 · -11.3%
• By 2050: 31,956 · -19.2%
• By 2075: 27,454 · -30.6%
• By 2100: 23,596 · -40.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Black 2%
• Common ancestry: Romanian 5% Lithuanian 3% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Ottawa

• 2024 margin: Strong R (+25.1) · D 37.0% · R 62.1%
• 2008→2024 swing: -31.3pp toward R · 2008: 6.3pp · 2024: -25.1pp
• All cycles: 2024: R+25.1 2020: R+23.4 2016: R+19.6 2012: D+4.1 2008: D+6.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -145.50%
• Current HPI: 219.0624
• 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

+71.9% since first listed

12 events — show timeline

• 2026-06-17 Listed $165,000 FAOR
• 2026-05-26 Price Changed $165,000 FAOR
• 2026-03-23 Price Changed $175,000 FAOR
• 2025-10-14 Price Changed $100,000 NORIS
• 2018-12-06 Sold (Public Records) $100,000 Public Records
• 2018-11-30 Sold (MLS) $100,000 FAOR
• 2018-11-30 Sold (MLS) $100,000 NORIS
• 2018-08-27 Listed $105,000 FAOR
• 2018-08-27 Listed $105,000 NORIS
• 2018-02-01 Sold (MLS) $50,750 FAOR
• 2017-10-12 Listed $42,900 FAOR
• 2004-12-02 Sold (Public Records) $96,000 Public Records

Property tax history

+2.4%/yr

Latest (2025): $1,364 · -2.1% YoY. Source: county tax records.