29 Magyar St · Toledo, OH 43605

$67,900

1 bd · 1.0 ba · 740 sqft · SingleFamily public records · 18 Days on market

Built 1902 4,983 sqft lot Est $70k · 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 +28.6/30.0
• DSCR +10.0/10.0
• ARV discount +9.0/15.0
• 1% rule +8.2/10.0
• Rent growth +3.8/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity for this 2 bedroom 1-story home located in the Historic Birmingham neighborhood of Toledo, Ohio. Just move right in, newer flooring, paint and appliances. Well maintained, spacious shed in back yard. Close to downtown Toledo night life! Additional storage in attic. Walking distance to Maumee River & The Famous Tony Packo's Cafe! This home has an additional lot next to house that will be transferred with sale. 1 Year Home Warranty included.

Key facts

• Updated appliances
• Attic storage
• Updated paint

Tags

• UPDATED FLOORING
• UPDATED PAINT
• UPDATED APPLIANCES
• ATTIC STORAGE
• SPACIOUS STORAGE SHED
• MOSTLY FENCED BACKYARD

Property features AI

Finance

• Other: Lot on a city street with concrete road frontage

Exterior

• Parking: 2 parking spaces; Alley access and on-street parking
• Utilities: Electricity available; Natural gas available; Public water; Public/sanitary sewer
• Home design: Single-family house; One story
• Construction: Aluminum and steel siding; Shingle roof; Other foundation
• Exterior features: Private yard; Shed(s)

Interior

• Kitchen: Electric range; Refrigerator
• Bedrooms: 2 bedrooms on the main level (approx. 13x7 and 9x8)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Cooling system (other type)
• Interior features: Storage; Unfinished basement
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $225 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($896 rent vs $68k).
• Recommended offer: $67k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 7.6% 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: Birmingham Elementary School (math 8% / reading 12%, grade F, #1,471 of 1,584 statewide, top 95%, 299 students, 0% FRL); Waite High School (math 12% / reading 24%, grade F, #687 of 781 statewide, top 88%, 997 students, 0% FRL) — zoned schools average 0% FRL vs 72% district-wide (72 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+5.4%/yr); 117 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 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 $469 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 + 5.4% 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 18 days — a 2% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 8y 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 $18k; list at $68k implies a 288% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1902 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $66,881 (1.5% below list)

Questions for the listing agent

1. Built in 1902 — 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. 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?
4. 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?
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: 1.32% ✓
• Cap rate: 10.27%
• Cash-on-cash: 14.20%
• DSCR: 1.63
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $70,300
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
358 Burger St	0.15mi	2/1.0 (+1)	760 (+3%)	7mo	$77,000	$101	78
362 Burger St	0.15mi	2/1.0 (+1)	775 (+5%)	12mo	$38,750	$50	70
2137 Woodford St	0.41mi	2/1.0 (+1)	740 (0%)	16mo	$70,000	$95	62
267 Licking St	0.69mi	2/1.0 (+1)	720 (-3%)	11mo	$50,000	$69	49
224 Licking St	0.72mi	2/1.0 (+1)	720 (-3%)	18mo	$90,000	$125	42

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 · 5.37% rent growth · sell at horizon

5-year hold

• IRR: 7.2%
• Equity multiple: 1.29×
• Total profit: $5,531
• Equity at exit: $10,124

10-year hold

• IRR: 18.6%
• Equity multiple: 2.72×
• Total profit: $32,770
• Equity at exit: $5,871

Cash invested: $19,012 (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 43605

• Home prices YoY: -25.6%
• Rents YoY: 5.4%
• Active inventory: 117
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $896 high
• Mortgage (P&I): −$356
• Tax from tax record: −$98 /mo · $1,179/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$188
• Net cashflow: $225

Break-even live

Break-even rent $611

Max offer price $67,900

Occupancy floor 70%

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: $16,975
• Closing costs: $2,037
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
21 Magyar St Toledo, OH	2.0	1.0	680	$1,050	$1.54	43d	1	0.02mi
2039 Genesee St Toledo, OH	1.0	1.0	660	$625	$0.95	43d	1	0.32mi
251 Graham St Apt A Toledo, OH	2.0	1.0	625	$850	$1.36	43d	1	0.52mi
2514 York St Unit Back Toledo, OH	2.0	1.0	696	$850	$1.22	13d	1	0.81mi
578 Dearborn Ave Unit 2 Toledo, OH	1.0	1.0	660	$750	$1.14	23d	1	0.85mi
1007 N Summit St Unit 1010 Toledo, OH	1.0	1.0	420	$697	$1.66	23d	1	1.27mi
1007 N Summit St Unit 1010 Toledo, OH	1.0	1.0	468	$797	$1.70	43d	1	1.27mi
625 Riverside Dr Toledo, OH	1.0–2.0	1.0–2.0	860	$1,205	$1.40	13d	37	1.30mi
3148 Corduroy Rd Oregon, OH	1.0–2.0	1.0–1.5	800	$650	$0.81	13d	1	1.43mi

Listing history 15 events

1. 2026-06-18
   days on market $67,900 Active 18 DOM
2. 2026-06-17
   days on market $67,900 Active 17 DOM
3. 2026-06-16
   days on market $67,900 Active 16 DOM
4. 2026-06-15
   days on market $67,900 Active 15 DOM
5. 2026-06-14
   days on market $67,900 Active 13 DOM
6. 2026-06-10
   days on market $67,900 Active 10 DOM
7. 2026-06-09
   days on market $67,900 Active 9 DOM
8. 2026-06-08
   days on market $67,900 Active 8 DOM
9. 2026-06-07
   days on market $67,900 Active 7 DOM
10. 2026-06-05
    days on market $67,900 Active 4 DOM
11. 2026-06-03
    days on market $67,900 Active 3 DOM
12. 2026-06-03
    remarks 699-char remark
13. 2026-06-02
    days on market $67,900 Active 2 DOM
14. 2026-06-01
    remarks 692-char remark
15. 2026-06-01
    listed $67,900 Active 1 DOM

ⓘ 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: $1,179 · $98/mo
• Projected year-2 tax: $1,179 · $98/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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,748
• − Mortgage interest: −$3,803
• − Property taxes: −$1,179
• − Insurance: −$340
• − Repairs & maintenance: −$860
• − Management: −$860
• − Depreciation: −$1,975
• Taxable income: $1,731
• Est. tax owed @ 24.0%: −$415
• After-tax cash flow: $2,284/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: 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

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 · 380,724 people
• City population: 280,811
• Metro: Toledo, OH
• Population (ZIP): 24,441
• Household income: $39,118
• Rent vs Own: 51.9% rent · 48.1% own
• Severe rent burden: 1257.0

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 57% Hispanic / Latino 21% Black 14% Two or more races 14%
• Hispanic origin (detail): Mexican 17% Puerto Rican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 91% English-only · Spanish 7% Arabic 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: —

Market trends

• HPI YoY: ▼ -47.85%
• Current HPI: 138.6894
• Rent YoY: ▲ 5.37%
• Metro: Toledo, 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

+259.3% since first listed

16 events — show timeline

• 2026-05-29 Listed $67,900 NORIS
• 2025-10-14 Price Changed $17,500 NORIS
• 2025-10-14 Price Changed $14,000 NORIS
• 2025-04-26 Rental Removed $950 SHOWMOJO
• 2025-04-12 Listed for Rent $950 SHOWMOJO
• 2025-04-12 Rental Removed $950 TURBOTENANT
• 2025-03-21 Listed for Rent $950 TURBOTENANT
• 2025-03-21 Rental Removed $950 SHOWMOJO
• 2025-02-19 Listed for Rent $950 SHOWMOJO
• 2024-04-09 Rental Removed $850 APPFOLIO
• 2024-03-13 Listed for Rent $850 APPFOLIO
• 2020-04-17 Sold (Public Records) $17,500 Public Records
• 2020-04-03 Sold (MLS) $17,500 NORIS
• 2020-01-20 Listed $19,888 NORIS
• 2018-06-22 Sold (MLS) $14,000 NORIS
• 2018-01-22 Listed $18,900 NORIS

Property tax history

+5.7%/yr

Latest (2025): $1,179 · +20.4% YoY. Source: county tax records.