330 W 1st St · Springfield, OH 45504

$149,900

3 bd · 1.0 ba · 1,362 sqft · SingleFamily public records · 1 Days on market

Built 1938 5,662 sqft lot Est $215k · 30% under

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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 +23.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +5.4/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome Home! 330 W First St Springfield OH 45504 with 3 bedrooms 1 full bath and a single car detached garage. This home has great curb appeal and has just over 1,300 square feet of living space. Entering from the covered front porch your greeted into the large living room with the original, now decorative fireplace. Original arches leading into your dinning room. Off the dinning room you will find your galley kitchen and door leading to the basement as well as your back door leading to the detached garage. Back inside off the living room you’ll find the master bedroom, down the hallway you’ll find a large hall bath as well as the stairs leading to the bedrooms on the second floor. Schedule your private showing today!

Key facts

• 5,662 sq ft lot
• Garage
• Built 1938

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $265 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.4% vs local median 4.7% in Springfield — 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 56/100 on livability (#1,108 in OH) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Springfield City School District (urban): math 20% / reading 27% proficiency, ranked #616 of 656 in OH (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 93 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 232 units permitted in Clark County in 2024 (116 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.
• Clark County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1938 — 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. 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?
4. 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.
5. 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.
6. 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: 1.04% ✓
• Cap rate: 8.42%
• Cash-on-cash: 7.59%
• DSCR: 1.34
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $215,196
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
330 W 1st St	0.00mi	3/1.0	1,362 (0%)	1mo	$160,000	$117	99
716 W Second St	0.39mi	3/1.0	1,345 (-1%)	4mo	$180,000	$134	77
1330 Garfield Ave	0.47mi	3/2.0	1,381 (+1%)	2mo	$227,500	$165	70
624 Snowhill Blvd	0.27mi	3/2.0	1,492 (+10%)	7mo	$217,000	$145	62
720 W Harding Rd	0.57mi	3/2.0	1,426 (+5%)	3mo	$231,000	$162	59
827 Snowhill Blvd	0.46mi	2/1.0 (-1)	1,240 (-9%)	2mo	$195,900	$158	57
264 S Broadmoor Blvd	0.72mi	3/1.5	1,416 (+4%)	2mo	$274,900	$194	56
311 Dover Rd	0.61mi	3/1.0	1,248 (-8%)	7mo	$154,000	$123	51
830 W Second St	0.49mi	3/2.5	1,181 (-13%)	4mo	$220,000	$186	45
1221 Terrace Dr	0.75mi	3/1.0	1,206 (-12%)	6mo	$150,000	$124	41
1801 Stratford Pl	0.67mi	4/1.5 (+1)	1,531 (+12%)	5mo	$208,500	$136	37
1611 Malden Ave	0.74mi	4/2.0 (+1)	1,538 (+13%)	4mo	$250,000	$163	32

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: -4.7%
• Equity multiple: 0.82×
• Total profit: $-7,401
• Equity at exit: $22,351

10-year hold

• IRR: 4.9%
• Equity multiple: 1.36×
• Total profit: $15,252
• Equity at exit: $12,961

Cash invested: $41,972 (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 45504

• Active inventory: 93
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,560 high
• Mortgage (P&I): −$786
• Tax from tax record: −$119 /mo · $1,425/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $265

Break-even live

Break-even rent $1,224

Max offer price $149,900

Occupancy floor 78%

Sensitivity live

Price	-10% $350	-5% $308	+0% $265	+5% $223	+10% $181
Rent	-10% $142	-5% $204	+0% $265	+5% $327	+10% $389
Rate	-1.0pp $341	-0.5pp $304	base $265	+0.5pp $227	+1.0pp $187

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
826 Grant St Springfield, OH	2.0	1.0	950	$1,200	$1.26	3d	1	0.82mi
509 E Northern Ave Unit 511 Springfield, OH	3.0	1.0	995	$995	$1.00	2d	1	0.88mi
307 N Isabella St Unit 309 Springfield, OH	3.0	1.5	1300	$1,400	$1.08	3d	1	1.13mi
220 S Yellow Springs St Springfield, OH	4.0	2.0	1456	$1,645	$1.13	24d	1	1.31mi
302 S Yellow Springs St Springfield, OH	4.0	2.0	1456	$1,845	$1.27	12d	1	1.36mi
401 Section St Springfield, OH	4.0	2.0	1612	$1,850	$1.15	12d	1	1.37mi
306 S Plum St Springfield, OH	4.0	2.0	1352	$1,700	$1.26	44d	1	1.38mi
356 S Yellow Springs St Springfield, OH	4.0	2.0	1606	$1,825	$1.14	12d	1	1.42mi
523 W Mulberry St Springfield, OH	4.0	2.0	1456	$1,825	$1.25	12d	1	1.47mi
524 W Pleasant St Springfield, OH	4.0	2.0	1456	$1,645	$1.13	12d	1	1.50mi

Listing history 7 events

1. 2026-04-19
   status Pending

   Show marketing remark (728 chars)

   Welcome Home! 330 W First St Springfield OH 45504 with 3 bedrooms 1 full bath and a single car detached garage. This home has great curb appeal and has just over 1,300 square feet of living space. Entering from the covered front porch your greeted into the large living room with the original, now decorative fireplace. Original arches leading into your dinning room. Off the dinning room you will find your galley kitchen and door leading to the basement as well as your back door leading to the detached garage. Back inside off the living room you'll find the master bedroom, down the hallway you'll find a large hall bath as well as the stairs leading to the bedrooms on the second floor. Schedule your private showing today!

2. 2026-04-19
   status Pending 740-char remark

   Show marketing remark (728 chars)

   Welcome Home! 330 W First St Springfield OH 45504 with 3 bedrooms 1 full bath and a single car detached garage. This home has great curb appeal and has just over 1,300 square feet of living space. Entering from the covered front porch your greeted into the large living room with the original, now decorative fireplace. Original arches leading into your dinning room. Off the dinning room you will find your galley kitchen and door leading to the basement as well as your back door leading to the detached garage. Back inside off the living room you'll find the master bedroom, down the hallway you'll find a large hall bath as well as the stairs leading to the bedrooms on the second floor. Schedule your private showing today!

3. 2026-04-19
   status Pending 728-char remark

   Show marketing remark (728 chars)

   Welcome Home! 330 W First St Springfield OH 45504 with 3 bedrooms 1 full bath and a single car detached garage. This home has great curb appeal and has just over 1,300 square feet of living space. Entering from the covered front porch your greeted into the large living room with the original, now decorative fireplace. Original arches leading into your dinning room. Off the dinning room you will find your galley kitchen and door leading to the basement as well as your back door leading to the detached garage. Back inside off the living room you'll find the master bedroom, down the hallway you'll find a large hall bath as well as the stairs leading to the bedrooms on the second floor. Schedule your private showing today!

4. 2026-04-18
   price $149,900

   Show marketing remark (728 chars)

   Welcome Home! 330 W First St Springfield OH 45504 with 3 bedrooms 1 full bath and a single car detached garage. This home has great curb appeal and has just over 1,300 square feet of living space. Entering from the covered front porch your greeted into the large living room with the original, now decorative fireplace. Original arches leading into your dinning room. Off the dinning room you will find your galley kitchen and door leading to the basement as well as your back door leading to the detached garage. Back inside off the living room you'll find the master bedroom, down the hallway you'll find a large hall bath as well as the stairs leading to the bedrooms on the second floor. Schedule your private showing today!

5. 2026-04-18
   listed $14,900 Active

   Show marketing remark (728 chars)

   Welcome Home! 330 W First St Springfield OH 45504 with 3 bedrooms 1 full bath and a single car detached garage. This home has great curb appeal and has just over 1,300 square feet of living space. Entering from the covered front porch your greeted into the large living room with the original, now decorative fireplace. Original arches leading into your dinning room. Off the dinning room you will find your galley kitchen and door leading to the basement as well as your back door leading to the detached garage. Back inside off the living room you'll find the master bedroom, down the hallway you'll find a large hall bath as well as the stairs leading to the bedrooms on the second floor. Schedule your private showing today!

6. 2026-04-18
   listed $149,900 Active 740-char remark

   Show marketing remark (728 chars)

   Welcome Home! 330 W First St Springfield OH 45504 with 3 bedrooms 1 full bath and a single car detached garage. This home has great curb appeal and has just over 1,300 square feet of living space. Entering from the covered front porch your greeted into the large living room with the original, now decorative fireplace. Original arches leading into your dinning room. Off the dinning room you will find your galley kitchen and door leading to the basement as well as your back door leading to the detached garage. Back inside off the living room you'll find the master bedroom, down the hallway you'll find a large hall bath as well as the stairs leading to the bedrooms on the second floor. Schedule your private showing today!

7. 2026-04-18
   listed $149,900 Active 728-char remark

   Show marketing remark (728 chars)

   Welcome Home! 330 W First St Springfield OH 45504 with 3 bedrooms 1 full bath and a single car detached garage. This home has great curb appeal and has just over 1,300 square feet of living space. Entering from the covered front porch your greeted into the large living room with the original, now decorative fireplace. Original arches leading into your dinning room. Off the dinning room you will find your galley kitchen and door leading to the basement as well as your back door leading to the detached garage. Back inside off the living room you'll find the master bedroom, down the hallway you'll find a large hall bath as well as the stairs leading to the bedrooms on the second floor. Schedule your private showing today!

ⓘ 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: $1,425 · $119/mo
• Projected year-2 tax: $1,882 · $157/mo
• Expected delta: +$457/yr (+$38/mo · 32.1%)

ⓘ 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 · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,726
• − Mortgage interest: −$8,397
• − Property taxes: −$1,425
• − Insurance: −$750
• − Repairs & maintenance: −$1,498
• − Management: −$1,498
• − Depreciation: −$4,361
• Taxable income: $798
• Est. tax owed @ 24.0%: −$191
• After-tax cash flow: $2,994/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: Springfield City School District
• NCES district ID: 3904481
• Math proficiency: 20% ▼ -16.00%
• Reading proficiency: 27% ▼ -12.00%
• Median HH income: $32,541
• Composite: 19.12/100
• National rank: #8834
• State rank: #616 of 656 in OH

Livability — Springfield

• Score: 56/100
• State rank: #1108
• US rank: #22551

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Springfield, OH
• County: Clark · 134,280 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 16,654
• Household income: $67,334
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 6.4

Population outlook (Clark County) Hauer SSP2

• Today (2025): 130,703 people
• By 2030: 126,952 · -2.9%
• By 2040: 118,344 · -9.5%
• By 2050: 109,590 · -16.2%
• By 2075: 89,464 · -31.6%
• By 2100: 68,810 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 7% Black 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 2% Italian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Clark

• 2024 margin: Strong R (+29.5) · D 34.8% · R 64.3%
• 2008→2024 swing: -27.0pp toward R · 2008: -2.5pp · 2024: -29.5pp
• All cycles: 2024: R+29.5 2020: R+23.3 2016: R+19.5 2012: R+1.8 2008: R+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -138.72%
• Current HPI: 240.7049
• 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

+906.0% since first listed

7 events — show timeline

• 2026-04-19 Pending — CBRMLS
• 2026-04-19 Pending — Dayton MLS
• 2026-04-19 Pending — WRIST
• 2026-04-18 Price Changed $149,900 CBRMLS
• 2026-04-18 Listed $149,900 WRIST
• 2026-04-18 Listed $149,900 Dayton MLS
• 2026-04-18 Listed $14,900 CBRMLS

Property tax history

+7.1%/yr

Latest (2025): $1,425 · +5.8% YoY. Source: county tax records.