2012 Berdan Ave · Toledo, OH 43613

$105,000

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 99 Days on market

Built 1955 6,300 sqft lot $91/sqft · 6% above area Est $99k · 6% over ↓ 19% since listing

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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 +23.9/30.0
• DSCR +7.7/10.0
• 1% rule +6.2/10.0
• ARV discount +4.9/15.0
• Rent growth +3.3/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well maintained 3 bedroom, 1 full bathroom home! The possibilities are endless on this one and just waiting for your final touches. There is nice hardwood throughout with a nice sized living room space. The basement is also decently sized and has plenty of space for all your needs. The detached garage is 2 cars deep offering extra storage space. The backyard is also its own private oasis space with extra sheds for workspace. Don't miss your opportunity to take a look at this one today!

Key facts

• 6,300 sq ft lot
• Garage
• Built 1955

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $204 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $96k (9.0% below list) — sets the bar for market timing.

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-, schools D-, crime 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.
• Market conditions: Rents rising (+3.3%/yr); 111 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $726 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $22k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $95,550 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.12% ✓
• Cap rate: 8.62%
• Cash-on-cash: 8.32%
• DSCR: 1.37
• GRM: 7.4

CMA / ARV

• ARV (median comp): $99,334
• List price: $105,000
• Delta: 5.70%
• 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
1936 Mansfield St	0.22mi	3/1.0	1,168 (+1%)	1mo	$79,900	$68	86
2014 Barrows St	0.05mi	3/1.0	1,069 (-7%)	1mo	$110,000	$103	85
2044 Brussels St	0.16mi	2/1.0 (-1)	1,200 (+4%)	2mo	$59,900	$50	79
1805 Tremainsville Rd	0.42mi	3/1.5	1,152 (0%)	1mo	$92,000	$80	78
1822 Wychwood St	0.44mi	3/1.0	1,162 (+1%)	1mo	$84,000	$72	77
3621 Sherbrooke Rd	0.38mi	3/2.0	1,119 (-3%)	1mo	$92,500	$83	72
3664 Sherbrooke Rd	0.30mi	3/1.0	1,255 (+9%)	0mo	$149,000	$119	71
3656 Anderson Pkwy	0.53mi	3/1.0	1,180 (+2%)	1mo	$167,000	$142	70
1804 Loxley Rd	0.31mi	3/1.5	1,056 (-8%)	1mo	$81,290	$77	69
3725 Kershaw Ave	0.49mi	3/1.5	1,225 (+6%)	1mo	$145,000	$118	64
3424 Saint Bernard Dr	0.46mi	3/1.5	1,281 (+11%)	1mo	$154,400	$121	57
1811 Giant St	0.70mi	3/1.0	1,069 (-7%)	1mo	$70,000	$65	55

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 · 3.3% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.88×
• Total profit: $-3,664
• Equity at exit: $15,656

10-year hold

• IRR: 6.7%
• Equity multiple: 1.51×
• Total profit: $15,057
• Equity at exit: $9,078

Cash invested: $29,400 (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 43613

• Home prices YoY: -20.7%
• Rents YoY: 3.3%
• Active inventory: 111
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,175 high
• Mortgage (P&I): −$551
• Tax from tax record: −$130 /mo · $1,557/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $204

Break-even live

Break-even rent $917

Max offer price $105,000

Occupancy floor 78%

Sensitivity live

Price	-10% $263	-5% $233	+0% $204	+5% $174	+10% $144
Rent	-10% $111	-5% $157	+0% $204	+5% $250	+10% $297
Rate	-1.0pp $257	-0.5pp $230	base $204	+0.5pp $177	+1.0pp $149

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3683 Upton Ave Toledo, OH	3.0	1.0	1119	$1,100	$0.98	44d	1	0.19mi
1951 Loxley Rd Toledo, OH	2.0	1.0	804	$975	$1.21	24d	1	0.19mi
1846 Loxley Rd Toledo, OH	2.0	1.0	876	$900	$1.03	44d	1	0.25mi
1732 Talbot St Toledo, OH	2.0	1.0	840	$995	$1.18	24d	1	0.34mi
2301 Portsmouth Ave Toledo, OH	4.0	1.0	1335	$1,395	$1.04	24d	1	0.38mi
1731 Mansfield Rd Toledo, OH	3.0	1.0	1138	$1,195	$1.05	24d	1	0.40mi
2244 W Sylvania Ave Unit 6 Toledo, OH	2.0	1.0	800	$795	$0.99	44d	1	0.41mi
1705 Marlow Rd Toledo, OH	2.0	1.0	738	$1,000	$1.36	24d	1	0.48mi
3817 Burton Ave Toledo, OH	3.0	1.0	754	$1,015	$1.35	21d	1	0.61mi
4315 Garden Park Dr Toledo, OH	3.0	1.0	1268	$1,423	$1.12	24d	1	0.62mi
1489 Berdan Ave Toledo, OH	3.0	1.0	1068	$1,250	$1.17	44d	1	0.65mi
3901 Leybourn Ave Toledo, OH	3.0	1.0	840	$1,150	$1.37	24d	1	0.67mi
3430 Anderson Pkwy Toledo, OH	3.0	2.0	1372	$1,650	$1.20	24d	1	0.67mi
3644 Harley Rd Toledo, OH	2.0	1.0	1025	$975	$0.95	24d	1	0.67mi
1838 Giant St Toledo, OH	3.0	1.0	962	$1,200	$1.25	14d	1	0.67mi
4038 Lyman Ave Toledo, OH	3.0	1.0	1175	$1,395	$1.19	44d	1	0.71mi
1718 Giant St Toledo, OH	3.0	1.0	1080	$1,395	$1.29	14d	1	0.73mi
1804 Bigelow St Toledo, OH	3.0	1.0	995	$937	$0.94	44d	1	0.74mi
4435 Jackman Rd Toledo, OH	1.0–2.0	1.0	725	$922	$1.27	14d	3	0.76mi
4120 Parrakeet Ave Toledo, OH	3.0	2.0	1410	$1,450	$1.03	44d	1	0.81mi
3606 Revere Dr Toledo, OH	4.0	1.0	1320	$1,500	$1.14	44d	1	0.82mi
3713 Hazelhurst Ave Toledo, OH	3.0	1.5	1352	$1,700	$1.26	44d	1	0.84mi
3805 Hoiles Ave Toledo, OH	3.0	1.0	1370	$1,025	$0.75	24d	1	0.91mi
3725 Hoiles Ave Toledo, OH	3.0	1.0	1180	$1,245	$1.06	24d	1	0.91mi
4223 Birchall Rd Toledo, OH	3.0	1.0	1338	$1,395	$1.04	24d	1	0.93mi
1573 Jermain Dr Toledo, OH	3.0	1.0	1254	$1,195	$0.95	14d	1	0.98mi
3835 Monroe St Toledo, OH	2.0	1.0	1002	$950	$0.95	44d	1	0.98mi
3803 Monroe St Toledo, OH	2.0	1.0	942	$850	$0.90	44d	1	1.03mi
3022 Letchworth Pkwy Toledo, OH	2.0	1.0	800	$970	$1.21	44d	1	1.04mi
3915 Willys Pkwy Unit 3915 Toledo, OH	3.0	1.0	1080	$800	$0.74	21d	1	1.04mi
4614 Commonwealth Ave Toledo, OH	3.0	1.5	1459	$1,295	$0.89	14d	1	1.05mi
3541 Willys Pkwy Toledo, OH	3.0	1.0	1113	$1,400	$1.26	44d	1	1.06mi
2802 Gunckel Blvd Toledo, OH	2.0	1.0	860	$1,100	$1.28	44d	1	1.08mi
2734 Powhattan Pkwy Toledo, OH	2.0	1.0	1144	$900	$0.79	44d	1	1.14mi
4030 Elmhurst Rd Toledo, OH	2.0	1.0	800	$900	$1.12	24d	1	1.16mi
4030 Elmhurst Rd Apt 2 Toledo, OH	2.0	1.0	875	$900	$1.03	44d	1	1.16mi
4138 N Lockwood Ave Toledo, OH	2.0	1.0	1300	$1,050	$0.81	24d	1	1.22mi
3615 Berkeley Dr Toledo, OH	3.0	1.0	1096	$1,400	$1.28	14d	1	1.30mi
2650 Christie St Toledo, OH	1.0–2.0	1.0	800	$849	$1.06	44d	1	1.33mi
1014 Berdan Ave Toledo, OH	3.0	1.0	1215	$1,200	$0.99	44d	1	1.34mi

Listing history 7 events

1. 2026-05-04
   price $105,000 506-char remark

   Show marketing remark (506 chars)

   Welcome to this well maintained 3 bedroom, 1 full bathroom home! The possibilities are endless on this one and just waiting for your final touches. There is nice hardwood throughout with a nice sized living room space. The basement is also decently sized and has plenty of space for all your needs. The detached garage is 2 cars deep offering extra storage space. The backyard is also its own private oasis space with extra sheds for workspace. Don't miss your opportunity to take a look at this one today!

2. 2026-04-10
   price $125,000 506-char remark

   Show marketing remark (506 chars)

   Welcome to this well maintained 3 bedroom, 1 full bathroom home! The possibilities are endless on this one and just waiting for your final touches. There is nice hardwood throughout with a nice sized living room space. The basement is also decently sized and has plenty of space for all your needs. The detached garage is 2 cars deep offering extra storage space. The backyard is also its own private oasis space with extra sheds for workspace. Don't miss your opportunity to take a look at this one today!

3. 2026-02-09
   listed $126,900 Active 506-char remark

   Show marketing remark (506 chars)

   Welcome to this well maintained 3 bedroom, 1 full bathroom home! The possibilities are endless on this one and just waiting for your final touches. There is nice hardwood throughout with a nice sized living room space. The basement is also decently sized and has plenty of space for all your needs. The detached garage is 2 cars deep offering extra storage space. The backyard is also its own private oasis space with extra sheds for workspace. Don't miss your opportunity to take a look at this one today!

4. 2026-02-09
   historical

   Show marketing remark (506 chars)

   Welcome to this well maintained 3 bedroom, 1 full bathroom home! The possibilities are endless on this one and just waiting for your final touches. There is nice hardwood throughout with a nice sized living room space. The basement is also decently sized and has plenty of space for all your needs. The detached garage is 2 cars deep offering extra storage space. The backyard is also its own private oasis space with extra sheds for workspace. Don't miss your opportunity to take a look at this one today!

5. 2026-01-21
   price $126,900
6. 2025-09-11
   listed $128,900 Active
7. 2025-08-21
   historical

ⓘ 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: $1,557 · $130/mo
• Projected year-2 tax: $1,598 · $133/mo
• Expected delta: +$40/yr (+$3/mo · 2.6%)

ⓘ 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 ≥101°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: $14,095
• − Mortgage interest: −$5,882
• − Property taxes: −$1,557
• − Insurance: −$525
• − Repairs & maintenance: −$1,128
• − Management: −$1,128
• − Depreciation: −$3,055
• Taxable income: $821
• Est. tax owed @ 24.0%: −$197
• After-tax cash flow: $2,248/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): 30,780
• Household income: $64,384
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 917.0

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: Predominantly White (71%)
• Race & ethnicity: White 71% Black 15% Two or more races 10% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 9% Lithuanian 3% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -62.37%
• Current HPI: 239.1345
• Rent YoY: ▲ 3.30%
• 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

-18.5% since first listed

7 events — show timeline

• 2026-05-04 Price Changed $105,000 NORIS
• 2026-04-10 Price Changed $125,000 NORIS
• 2026-02-09 Listing Removed — NORIS
• 2026-02-09 Listed $126,900 NORIS
• 2026-01-21 Price Changed $126,900 NORIS
• 2025-09-11 Listed $128,900 NORIS
• 2025-08-21 Coming Soon — NORIS

Property tax history

-0.5%/yr

Latest (2025): $1,557 · +0.6% YoY. Source: county tax records.