106 S Fostoria Ave · Springfield, OH 45505

$150,000

3 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 38 Days on market

Built 1923 6,474 sqft lot $141/sqft · at area comps Est $149k · at est.

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Why this score? — see what drove the D- 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 +14.0/30.0
• ARV discount +7.2/15.0
• DSCR +4.2/10.0
• 1% rule +3.5/10.0
• 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

Great opportunity on this 3 bedroom with detached garage and large back yard. Convenient location and large rooms. Upper level has 3 bedrooms and basement has plenty of storage. This is a Fannie Mae Homepath Property.

Key facts

• Charming porch
• Generous lot
• Welcoming deck

Tags

• WELCOMING DECK
• CHARMING PORCH
• GENEROUS LOT

Property features AI

Finance

• Financial info: Offered for sale

Exterior

• Parking: Detached one-car garage
• Home design: 2-story home; Vinyl siding exterior
• Construction: Vinyl siding construction
• Exterior features: Residential zoning

Interior

• Bedrooms: Total of 3 rooms (includes bedrooms and living areas)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating with natural gas
• Interior features: Full basement

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 $18 ($215/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $127k (15.2% below list).
• Recommended offer: $127k (15.2% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.8% 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: 158 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).
• This rent runs 35% of the median local income ($44k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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

• It's been on market 38 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 19y 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 $31k; list at $150k implies a 384% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,153 (15.2% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — 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 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 6.44%
• Cash-on-cash: 0.51%
• DSCR: 1.02
• GRM: 9.8

CMA / ARV

• ARV (median comp): $148,930
• List price: $150,000
• Delta: 0.72%
• 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
121 Willis Ave	0.07mi	2/1.0 (-1)	1,042 (-2%)	3mo	$169,900	$163	86
106 Cottage Pl	0.35mi	3/1.5	1,056 (-1%)	1mo	$164,900	$156	80
2817 Hillside Ave	0.43mi	3/1.0	1,024 (-4%)	4mo	$199,900	$195	70
127 Bellevue Ave	0.48mi	3/1.0	1,040 (-2%)	7mo	$129,900	$125	68
532 Gruen Dr	0.54mi	3/1.0	1,041 (-2%)	6mo	$155,000	$149	66
2434 Irwin Ave	0.58mi	3/1.0	1,008 (-5%)	4mo	$107,500	$107	61
2804 Lowman St	0.48mi	3/1.0	960 (-10%)	2mo	$130,000	$135	60
262 Raffensperger Ave	0.49mi	2/1.0 (-1)	1,148 (+8%)	4mo	$54,500	$47	56
415 Belleaire Ave	0.61mi	3/1.0	1,152 (+8%)	8mo	$155,000	$135	51
133 N Arlington Ave	0.69mi	4/1.0 (+1)	1,008 (-5%)	6mo	$162,000	$161	49
419 Bellevue Ave	0.58mi	2/1.0 (-1)	936 (-12%)	3mo	$149,900	$160	45
2136 Hillside Ave	0.75mi	2/1.0 (-1)	936 (-12%)	7mo	$75,500	$81	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.5%
• Equity multiple: 0.45×
• Total profit: $-23,177
• Equity at exit: $22,365

10-year hold

• IRR: -7.0%
• Equity multiple: 0.55×
• Total profit: $-18,761
• Equity at exit: $12,969

Cash invested: $42,000 (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 45505

• Home prices YoY: -34.3%
• Active inventory: 158
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,272 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$137 /mo · $1,650/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $18

Break-even live

Break-even rent $1,249

Max offer price $150,000

Occupancy floor 94%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
127 N Belmont Ave Unit 1 Springfield, OH	2.0	1.0	1052	$1,050	$1.00	1d	1	0.80mi
515 Ludlow Ave Springfield, OH	3.0	1.0	1000	$950	$0.95	43d	1	1.11mi
190 Skyway Dr Springfield, OH	3.0	2.5	1460	$2,200	$1.51	3d	1	1.23mi

Listing history 22 events

1. 2026-06-19
   days on market $150,000 Active 38 DOM
2. 2026-06-18
   days on market $150,000 Active 37 DOM
3. 2026-06-17
   days on market $150,000 Active 36 DOM
4. 2026-06-16
   days on market $150,000 Active 35 DOM
5. 2026-06-15
   days on market $150,000 Active 34 DOM
6. 2026-06-14
   days on market $150,000 Active 32 DOM
7. 2026-06-12
   days on market $150,000 Active 31 DOM
8. 2026-06-09
   days on market $150,000 Active 28 DOM
9. 2026-06-08
   days on market $150,000 Active 27 DOM
10. 2026-06-07
    days on market $150,000 Active 26 DOM
11. 2026-06-05
    days on market $150,000 Active 23 DOM
12. 2026-06-02
    days on market $150,000 Active 21 DOM
13. 2026-06-01
    days on market $150,000 Active 20 DOM
14. 2026-05-31
    days on market $150,000 Active 19 DOM
15. 2026-05-30
    days on market $150,000 Active 18 DOM
16. 2026-05-12
    listed $150,000 Active 832-char remark
17. 2019-12-27
    soldstatus $31,000 217-char remark

    Show marketing remark (217 chars)

    Great opportunity on this 3 bedroom with detached garage and large back yard. Convenient location and large rooms. Upper level has 3 bedrooms and basement has plenty of storage. This is a Fannie Mae Homepath Property.

18. 2019-10-02
    listed $34,900 217-char remark

    Show marketing remark (217 chars)

    Great opportunity on this 3 bedroom with detached garage and large back yard. Convenient location and large rooms. Upper level has 3 bedrooms and basement has plenty of storage. This is a Fannie Mae Homepath Property.

19. 2007-04-11
    soldstatus $65,000
20. 2007-03-09
    soldstatus $65,000

    Show marketing remark (260 chars)

    New roof, furnace, central air, water heater, plumbing, microwave, carpet, vinyl & freshly painted inside and out! Other amenities include: living room with decorative fireplace & open staircase, full basement, 1 car garage, front porch and 3 bedrooms.

21. 2007-01-23
    listed $69,000

    Show marketing remark (260 chars)

    New roof, furnace, central air, water heater, plumbing, microwave, carpet, vinyl & freshly painted inside and out! Other amenities include: living room with decorative fireplace & open staircase, full basement, 1 car garage, front porch and 3 bedrooms.

22. 1990-11-28
    soldstatus $32,000

ⓘ 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: $1,650 · $137/mo
• Projected year-2 tax: $1,995 · $166/mo
• Expected delta: +$345/yr (+$29/mo · 20.9%)

ⓘ 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: $15,258
• − Mortgage interest: −$8,402
• − Property taxes: −$1,650
• − Insurance: −$750
• − Repairs & maintenance: −$1,221
• − Management: −$1,221
• − Depreciation: −$4,364
• Taxable loss: −$2,349
• Est. tax savings @ 24.0%: +$564
• After-tax cash flow: $779/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 County · 33,261 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 19,826
• Household income: $43,819
• Rent vs Own: 47.3% rent · 52.7% own
• Severe rent burden: 950.0

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 (75%)
• Race & ethnicity: White 75% Black 14% Two or more races 7% Hispanic / Latino 4%
• Common ancestry: Slovak 1% German 1% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% French/Haitian/Cajun 1% German/W. Germanic 1%

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: ▼ -135.16%
• Current HPI: 258.9037
• Rent YoY: —
• Metro: Springfield, 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

+368.8% since first listed

7 events — show timeline

• 2026-05-12 Listed $150,000 Dayton MLS
• 2019-12-27 Sold (MLS) $31,000 WRIST
• 2019-10-02 Listed $34,900 WRIST
• 2007-04-11 Sold (Public Records) $65,000 Public Records
• 2007-03-09 Sold (MLS) $65,000 WRIST
• 2007-01-23 Listed $69,000 WRIST
• 1990-11-28 Sold (Public Records) $32,000 Public Records

Property tax history

+3.6%/yr

Latest (2025): $1,650 · +9.1% YoY. Source: county tax records.