121 Maple Grove St · Springfield, OH 45503

$235,485

3 bd · 2.0 ba · 1,307 sqft · SingleFamily · 42 Days on market

Built 2026 Good condition $180/sqft · 22% above area Est $194k · 22% over

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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 +15.9/30.0
• Schools +5.0/10.0
• DSCR +4.9/10.0
• 1% rule +4.3/10.0
• Condition / age +4.0/5.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

The only new single-family homes in an ultra-convenient location between Dayton and Columbus with everything included in the base price. Welcome to where style and comfort come together beautifully. The bright, open-concept great room flows seamlessly into the kitchen and dining area, creating the perfect space for entertaining family and friends. Upstairs, retreat to a spacious owner's suite featuring a private en-suite bath with an optional double vanity and a generous walk-in closet. Two additional bedrooms share a well-appointed hall bath, offering flexibility for family, guests, or a home office. This home also includes patio. A one-car garage completes the home, providing convenient e

Key facts

• One-car garage
• Walk-in closet
• Patio

Tags

• OPEN-CONCEPT GREAT ROOM
• PRIVATE EN-SUITE BATH
• WALK-IN CLOSET
• WELL-APPOINTED HALL BATH
• PATIO
• ONE-CAR GARAGE

Property features AI

Finance

• Other: Address: 121 Maple Grove St, Springfield OH 45503
• Financial info: List price provided

Exterior

• Parking: 1 parking space
• Utilities: Electric and public utilities (details not specified); Central air
• Home design: Spec home built to the Dogwood plan; Active listing
• Exterior features: Living area approximately 1,307 (living area value provided)

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air
• Interior features: Central air conditioning

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $235k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $111 ($1k/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 $220k (6.6% below list).
• Recommended offer: $220k (6.6% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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.
• Clark-Shawnee Local (rural): math 54% / reading 62% proficiency, ranked #301 of 656 in OH (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 144 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).
• At $2,200/mo this rent would consume 48% of the median local household income ($55k/yr) — 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 $2k of loan paydown is wiped out by about $7k 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 42 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.

Recommended offer $220,000 (6.6% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.93% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.01%
• DSCR: 1.09
• GRM: 8.9

CMA / ARV

• ARV (median comp): $193,762
• List price: $235,485
• Delta: 21.53%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
325 Larchmonte Ave	0.21mi	3/1.0	1,256 (-4%)	6mo	$110,095	$88	74
157 Oaksmere St	0.35mi	3/1.5	1,341 (+3%)	10mo	$118,000	$88	69
506 Skyway Dr	0.47mi	3/2.0	1,192 (-9%)	6mo	$248,900	$209	59
44 S Bird Rd	0.49mi	3/2.0	1,415 (+8%)	8mo	$275,000	$194	57
507 Elbron Rd	0.71mi	3/2.0	1,232 (-6%)	2mo	$265,000	$215	56
3653 Redwood Blvd	0.33mi	3/1.5	1,152 (-12%)	9mo	$185,000	$161	55
360 N Bird Rd	0.62mi	2/1.0 (-1)	1,344 (+3%)	8mo	$269,900	$201	51
3720 E National Rd	0.39mi	3/1.0	1,472 (+13%)	14mo	$180,000	$122	45
190 Meadow Ln	0.59mi	3/2.0	1,200 (-8%)	23mo	$185,000	$154	40

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: -13.1%
• Equity multiple: 0.53×
• Total profit: $-31,080
• Equity at exit: $35,112

10-year hold

• IRR: -4.1%
• Equity multiple: 0.73×
• Total profit: $-17,857
• Equity at exit: $20,360

Cash invested: $65,936 (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 45503

• Active inventory: 144
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$1,235
• Tax est. 1.5%: −$294 /mo · $3,532/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $111

Break-even live

Break-even rent $2,060

Max offer price $235,485

Occupancy floor 90%

Sensitivity live

Price	-10% $273	-5% $192	+0% $111	+5% $29	+10% $-52
Rent	-10% $-63	-5% $24	+0% $111	+5% $198	+10% $284
Rate	-1.0pp $229	-0.5pp $171	base $111	+0.5pp $50	+1.0pp $-12

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: $58,871
• Closing costs: $7,065
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
190 Skyway Dr Springfield, OH	3.0	2.5	1460	$2,200	$1.51	3d	1	0.40mi

Listing history 17 events

1. 2026-06-19
   days on market $235,485 Active 42 DOM
2. 2026-06-18
   days on market $235,485 Active 41 DOM
3. 2026-06-17
   days on market $235,485 Active 40 DOM
4. 2026-06-16
   days on market $235,485 Active 39 DOM
5. 2026-06-15
   days on market $235,485 Active 38 DOM
6. 2026-06-14
   days on market $235,485 Active 36 DOM
7. 2026-06-12
   days on market $235,485 Active 35 DOM
8. 2026-06-09
   days on market $235,485 Active 32 DOM
9. 2026-06-08
   days on market $235,485 Active 31 DOM
10. 2026-06-07
    days on market $235,485 Active 30 DOM
11. 2026-06-05
    days on market $235,485 Active 27 DOM
12. 2026-06-03
    days on market $235,485 Active 26 DOM
13. 2026-06-02
    days on market $235,485 Active 25 DOM
14. 2026-06-01
    days on market $235,485 Active 24 DOM
15. 2026-05-31
    days on market $235,485 Active 23 DOM
16. 2026-05-30
    days on market $235,485 Active 22 DOM
17. 2026-05-08
    listed $235,485 Active 745-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $26,400
• − Mortgage interest: −$13,191
• − Property taxes: −$3,532
• − Insurance: −$1,177
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − Depreciation: −$6,850
• Taxable loss: −$2,575
• Est. tax savings @ 24.0%: +$618
• After-tax cash flow: $1,945/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.

Condition & rehab AI · 5 photos

Good 80/100 Cosmetic rehab

This single-family home in an ultra-convenient location is in good condition with a modern and inviting interior. It offers a spacious layout and is ready for a new owner to move in and enjoy.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Updating the flooring — Replacing worn-out flooring can improve the home's overall appearance and value.
• Both Upgrading the kitchen appliances — Modernizing the kitchen can attract more buyers and renters.
• Both Adding smart home features — Smart home technology can increase the home's appeal and marketability.
• Both Landscaping improvements — Enhancing the landscaping can make the home more inviting and increase its curb appeal.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Updating the flooring — Replacing worn-out flooring can improve the home's overall appearance and value. ↑
• Both Upgrading the kitchen appliances — Modernizing the kitchen can attract more buyers and renters. ↑
• Both Adding smart home features — Smart home technology can increase the home's appeal and marketability. ↑
• Both Landscaping improvements — Enhancing the landscaping can make the home more inviting and increase its curb appeal. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Clark-Shawnee Local
• NCES district ID: 3904628
• Math proficiency: 54% ▼ -13.00%
• Reading proficiency: 62% ▼ -4.00%
• Median HH income: $59,411
• Composite: 50.29/100
• National rank: #1884
• State rank: #301 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): 32,673
• Household income: $54,561
• Rent vs Own: 40.1% rent · 59.9% own
• Severe rent burden: 4.7

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 (84%)
• Race & ethnicity: White 84% Black 9% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Italian 2% Lithuanian 1% Slovak 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · French/Haitian/Cajun 1% Spanish 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: ▼ -211.92%
• Current HPI: 257.5694
• 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