1314 Carr St · Sandusky, OH 44870

$139,900

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 48 Days on market

Built 1914 3,393 sqft lot $139/sqft · 46% above area Est $96k · 46% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cozy bungalow style home on a quiet street. Why pay rent, when you can own? 3 BR, 1 BA, newer roof (10 Yrs) Parking pad in back accessed by alley on Polk St. (between Carr and Shelby) Selling As Is with a Home Warranty!! $78/Gas $65/Electric on Budget

Key facts

• Upstairs balcony
• Fenced-in backyard
• Quiet neighborhood

Tags

• FENCED-IN BACKYARD
• HARDWOOD FLOORS
• UPSTAIRS BALCONY
• QUIET NEIGHBORHOOD

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; 100 Amp electrical service with circuit breakers
• Home design: Single-family residence; Residential property
• Construction: Wood siding construction
• Exterior features: Asphalt roof; Lot in Ramsey Bertram And Reilys Subdivision

Interior

• Kitchen: Range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas forced air heating; Central air conditioning
• Interior features: Range, Refrigerator; Ceiling fan(s); 6 total rooms
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 16.9% vs local median 5.4% in Sandusky — 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 83/100 on livability (#63 in OH, #929 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D-, employment F.
• Sandusky City (town): math 24% / reading 37% proficiency, ranked #583 of 656 in OH (top 89%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 209 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 128 units permitted in Erie County in 2024 (5 in 5+ unit buildings).
• At $2,647/mo this rent would consume 51% of the median local household income ($62k/yr) (locally 1602% of renters already pay >50% of income on rent) — 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 $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Erie County population projected at -15% 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 $39k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 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 $40k; list at $140k implies a 250% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1914 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D 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?
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: 1.89% ✓
• Cap rate: 16.92%
• Cash-on-cash: 37.95%
• DSCR: 2.69
• GRM: 4.4

CMA / ARV

• ARV (median comp): $96,003
• List price: $139,900
• Delta: 45.72%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1214 W Osborne St	0.14mi	3/1.0	966 (-4%)	0mo	$139,000	$144	86
911 A St	0.14mi	3/1.0	1,047 (+4%)	2mo	$115,000	$110	86
542 Camp St	0.26mi	3/1.0	932 (-8%)	1mo	$109,000	$117	74
1313 Vine St	0.16mi	3/1.0	1,116 (+11%)	1mo	$171,500	$154	74
1535 Camp St	0.20mi	2/1.0 (-1)	924 (-8%)	1mo	$71,000	$77	71
932 Madison St	0.32mi	3/1.0	1,098 (+9%)	2mo	$162,000	$148	68
1510 Pearl St	0.19mi	2/1.0 (-1)	1,103 (+9%)	3mo	$47,000	$43	68
1316 Harrison St	0.29mi	2/1.0 (-1)	921 (-9%)	1mo	$50,000	$54	66
2103 Putnam Street St	0.75mi	3/1.0	990 (-2%)	1mo	$127,900	$129	62
1523 Central Ave	0.29mi	3/1.0	1,152 (+14%)	3mo	$206,000	$179	60
2023 W Forest Dr	0.64mi	3/1.0	925 (-8%)	3mo	$107,000	$116	54
306 Tyler St	0.59mi	3/1.0	1,136 (+13%)	3mo	$130,000	$114	49

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: 34.0%
• Equity multiple: 2.43×
• Total profit: $56,193
• Equity at exit: $20,860

10-year hold

• IRR: 40.9%
• Equity multiple: 4.84×
• Total profit: $150,396
• Equity at exit: $12,096

Cash invested: $39,172 (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 44870

• Active inventory: 209
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $2,647 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$61 /mo · $730/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$556
• Net cashflow: $1,239

Break-even live

Break-even rent $1,079

Max offer price $139,900

Occupancy floor 48%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1515 W Perkins Ave Sandusky, OH	2.0	1.0	925	$925	$1.00	44d	1	0.74mi
156 E Market St Sandusky, OH	1.0–2.0	1.0–2.5	1266	$3,539	$2.79	44d	5	0.96mi
1107 1st St Unit 1496057P Sandusky, OH	4.0	3.0	1151	$6,631	$5.76	44d	1	1.46mi

Listing history 20 events

1. 2026-06-19
   days on market $139,900 Active 48 DOM
2. 2026-06-18
   days on market $139,900 Active 47 DOM
3. 2026-06-17
   days on market $139,900 Active 46 DOM
4. 2026-06-16
   days on market $139,900 Active 45 DOM
5. 2026-06-15
   days on market $139,900 Active 44 DOM
6. 2026-06-14
   days on market $139,900 Active 42 DOM
7. 2026-06-12
   days on market $139,900 Active 41 DOM
8. 2026-06-09
   days on market $139,900 Active 38 DOM
9. 2026-06-08
   days on market $139,900 Active 37 DOM
10. 2026-06-07
    days on market $139,900 Active 36 DOM
11. 2026-06-03
    days on market $139,900 Active 32 DOM
12. 2026-06-02
    days on market $139,900 Active 31 DOM
13. 2026-06-01
    days on market $139,900 Active 30 DOM
14. 2026-05-31
    days on market $139,900 Active 29 DOM
15. 2026-05-30
    days on market $139,900 Active 28 DOM
16. 2026-05-15
    price $139,900 435-char remark
17. 2026-05-02
    listed $144,900 Active 435-char remark
18. 2014-07-11
    soldstatus $40,000 253-char remark

    Show marketing remark (253 chars)

    Cozy bungalow style home on a quiet street. Why pay rent, when you can own? 3 BR, 1 BA, newer roof (10 Yrs) Parking pad in back accessed by alley on Polk St. (between Carr and Shelby) Selling As Is with a Home Warranty!! $78/Gas $65/Electric on Budget

19. 2014-07-11
    soldstatus $40,000

    Show marketing remark (253 chars)

    Cozy bungalow style home on a quiet street. Why pay rent, when you can own? 3 BR, 1 BA, newer roof (10 Yrs) Parking pad in back accessed by alley on Polk St. (between Carr and Shelby) Selling As Is with a Home Warranty!! $78/Gas $65/Electric on Budget

20. 2013-11-22
    listed $44,900 253-char remark

    Show marketing remark (253 chars)

    Cozy bungalow style home on a quiet street. Why pay rent, when you can own? 3 BR, 1 BA, newer roof (10 Yrs) Parking pad in back accessed by alley on Polk St. (between Carr and Shelby) Selling As Is with a Home Warranty!! $78/Gas $65/Electric on Budget

ⓘ 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: $730 · $61/mo
• Projected year-2 tax: $1,456 · $121/mo
• Expected delta: +$726/yr (+$61/mo · 99.5%)

ⓘ 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 ≥94°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

Taxation est. · year 1

• Rental income: $31,769
• − Mortgage interest: −$7,837
• − Property taxes: −$730
• − Insurance: −$700
• − Repairs & maintenance: −$2,542
• − Management: −$2,542
• − Depreciation: −$4,070
• Taxable income: $13,350
• Est. tax owed @ 24.0%: −$3,204
• After-tax cash flow: $11,660/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: Sandusky City
• NCES district ID: 3904474
• Math proficiency: 24% ▼ -17.00%
• Reading proficiency: 37% ▼ -9.00%
• Median HH income: $34,583
• Composite: 25.1/100
• National rank: #7532
• State rank: #583 of 656 in OH

Livability — Sandusky

• Score: 83/100
• State rank: #63
• US rank: #929

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sandusky, OH
• County: Erie County · 39,883 people
• City population: 39,883
• Metro: Sandusky, OH
• Population (ZIP): 39,883
• Household income: $62,082
• Rent vs Own: 39.1% rent · 60.9% own
• Severe rent burden: 1602.0

Population outlook (Erie County) Hauer SSP2

• Today (2025): 73,204 people
• By 2030: 71,341 · -2.5%
• By 2040: 66,771 · -8.8%
• By 2050: 62,512 · -14.6%
• By 2075: 56,154 · -23.3%
• By 2100: 49,045 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 15% Two or more races 8% Hispanic / Latino 5%
• Common ancestry: Romanian 3% Slovak 2% Subsaharan African 1%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Erie

• 2024 margin: R (+14.1) · D 42.5% · R 56.6%
• 2008→2024 swing: -28.0pp toward R · 2008: 13.9pp · 2024: -14.1pp
• All cycles: 2024: R+14.1 2020: R+11.6 2016: R+9.8 2012: D+11.3 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.99%
• Current HPI: 209.6383
• Rent YoY: —
• Metro: Sandusky, OH
• 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

+211.6% since first listed

5 events — show timeline

• 2026-05-15 Price Changed $139,900 FAOR
• 2026-05-02 Listed $144,900 FAOR
• 2014-07-11 Sold (Public Records) $40,000 Public Records
• 2014-07-11 Sold (MLS) $40,000 FAOR
• 2013-11-22 Listed $44,900 FAOR

Property tax history

-0.0%/yr

Latest (2025): $730 · -1.0% YoY. Source: county tax records.