337 Mcdougal St · Fostoria, OH 44830

$129,900

3 bd · 1.0 ba · 1,284 sqft · SingleFamily public records · 25 Days on market

Built 1900 3,929 sqft lot Est $140k · 7% under

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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 +29.0/30.0
• ARV discount +10.7/15.0
• DSCR +10.0/10.0
• 1% rule +6.9/10.0
• Livability +3.8/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

TURN-KEY & FULLY UPDATED! This beautifully flipped home is ready for its new owner. Ideal for first-time home buyers, this property features extensive recent improvements including: new windows (2026), new electrical panel/meter (2026), updated flooring and fresh paint throughout (2026), roof and furnace (2023), siding updates (2024), new water heater (2025), and sewer line improvements with exterior cleanout installation (2024). Affordable, updated, and move-in ready — don't miss this opportunity!

Key facts

• 3,929 sq ft lot
• Built 1900
• Listed 25 days

Property features AI

Finance

• Other: Lot size about 0.09 acre (approx. 3,929 sq ft)

Exterior

• Parking: Driveway; Gravel parking; On-street parking
• Security: Smart lock(s)
• Utilities: Electricity connected (200+ amp service); Natural gas connected; Public water; Public sewer
• Home design: Single-family residence; Residential property; Detached, no common walls; Two levels / 2-story home; Faces unspecified direction
• Construction: Vinyl siding construction; Asphalt roof; Crawl space foundation; Built year not provided
• Exterior features: Front porch; Asphalt roof; Vinyl siding; Crawl space foundation

Interior

• Kitchen: Electric oven; Refrigerator; Water heater
• Bedrooms: Upper-level bedroom (approx. 14 x 11); Upper-level bedroom (approx. 11 x 14); Main-level bedroom (approx. 11 x 9)
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom
• Heating & cooling: Floor furnace heating; Ceiling fan cooling
• Interior features: Six total rooms; Other interior features; Smart lock(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Accessible utilities or laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $446 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 4.5% in Fostoria — 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 76/100 on livability (#216 in OH, #3,330 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F, employment D-.
• Fostoria City (town): math 30% / reading 39% proficiency, ranked #566 of 656 in OH (top 86%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Fostoria Elementary School (math 33% / reading 39%, grade F, #1,107 of 1,584 statewide, top 70%, 1,056 students, 66% FRL); Fostoria Junior/Senior High School (math 25% / reading 38%, grade F, #612 of 781 statewide, top 78%, 801 students, 58% FRL).
• Market conditions: 52 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 45 units permitted in Seneca County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($62k/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 $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Seneca County population projected at -14% 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 $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,951 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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. 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.
5. 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.
6. 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: 1.19% ✓
• Cap rate: 10.41%
• Cash-on-cash: 14.70%
• DSCR: 1.65
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $139,956
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
130 Summit St	0.52mi	3/1.0	1,248 (-3%)	10mo	$148,900	$119	63
337 S Union St	0.57mi	3/1.0	1,306 (+2%)	14mo	$62,310	$48	59
517 W North St	0.75mi	3/1.0	1,335 (+4%)	1mo	$155,000	$116	58
230 W South St	0.46mi	3/2.0	1,352 (+5%)	11mo	$150,000	$111	57
551 N Main St	0.36mi	2/1.0 (-1)	1,206 (-6%)	14mo	$125,000	$104	56
481 Beverly Dr	0.55mi	3/1.0	1,185 (-8%)	7mo	$157,000	$132	55
220 S Union St	0.50mi	3/1.0	1,365 (+6%)	14mo	$90,000	$66	55
251 W Tiffin St	0.47mi	3/1.5	1,390 (+8%)	15mo	$172,000	$124	50
604 S Union St	0.71mi	3/1.0	1,165 (-9%)	5mo	$46,000	$39	47
912 Mcdougal St	0.69mi	3/1.0	1,148 (-11%)	10mo	$125,000	$109	42
260 E 6th St	0.67mi	2/1.0 (-1)	1,406 (+10%)	10mo	$45,000	$32	40
728 Oaklawn Ave	0.72mi	3/1.0	1,116 (-13%)	14mo	$49,000	$44	33

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: 5.2%
• Equity multiple: 1.20×
• Total profit: $7,277
• Equity at exit: $19,369

10-year hold

• IRR: 14.6%
• Equity multiple: 2.17×
• Total profit: $42,673
• Equity at exit: $11,231

Cash invested: $36,372 (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 44830

• Home prices YoY: -16.1%
• Active inventory: 52
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,550 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$44 /mo · $524/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $446

Break-even live

Break-even rent $986

Max offer price $129,900

Occupancy floor 66%

Sensitivity live

Price	-10% $519	-5% $482	+0% $446	+5% $409	+10% $372
Rent	-10% $323	-5% $384	+0% $446	+5% $507	+10% $568
Rate	-1.0pp $511	-0.5pp $479	base $446	+0.5pp $412	+1.0pp $378

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
260 E 6th St Fostoria, OH	4.0	2.0	1408	$1,550	$1.10	0d	1	0.66mi

Listing history 16 events

1. 2026-06-17
   status $129,900 Pending 25 DOM
2. 2026-06-16
   days on market $129,900 Active 25 DOM
3. 2026-06-15
   days on market $129,900 Active 24 DOM
4. 2026-06-13
   days on market $129,900 Active 22 DOM
5. 2026-06-12
   days on market $129,900 Active 21 DOM
6. 2026-06-09
   days on market $129,900 Active 18 DOM
7. 2026-06-08
   days on market $129,900 Active 17 DOM
8. 2026-06-08
   days on market $129,900 Active 16 DOM
9. 2026-06-04
   days on market $129,900 Active 12 DOM
10. 2026-06-02
    days on market $129,900 Active 11 DOM
11. 2026-06-01
    days on market $129,900 Active 10 DOM
12. 2026-05-31
    days on market $129,900 Active 9 DOM
13. 2026-05-24
    status Active
14. 2026-05-13
    status Pending
15. 2026-05-11
    listed $129,900 Active
16. 2026-05-08
    historical $129,900

ⓘ 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: $524 · $44/mo
• Projected year-2 tax: $1,275 · $106/mo
• Expected delta: +$751/yr (+$63/mo · 143.5%)

ⓘ 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 ≥99°F today · 17 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: $18,600
• − Mortgage interest: −$7,276
• − Property taxes: −$524
• − Insurance: −$650
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$3,779
• Taxable income: $3,395
• Est. tax owed @ 24.0%: −$815
• After-tax cash flow: $4,531/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: Fostoria City
• NCES district ID: 3904399
• Math proficiency: 30% ▼ -21.00%
• Reading proficiency: 39% ▼ -10.00%
• Median HH income: $36,902
• Composite: 28.65/100
• National rank: #6702
• State rank: #566 of 656 in OH

Livability — Fostoria

• Score: 76/100
• State rank: #216
• US rank: #3330

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fostoria, OH
• County: Seneca · 70,739 people
• City population: 18,409
• Population (ZIP): 18,409
• Household income: $61,589
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 9.8

Population outlook (Seneca County) Hauer SSP2

• Today (2025): 54,243 people
• By 2030: 52,947 · -2.4%
• By 2040: 49,842 · -8.1%
• By 2050: 46,689 · -13.9%
• By 2075: 39,889 · -26.5%
• By 2100: 32,155 · -40.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 10% Two or more races 7% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 4%

Political lean MEDSL · Seneca

• 2024 margin: Solid R (+37.5) · D 30.7% · R 68.2% · Other 1.0%
• 2008→2024 swing: -34.8pp toward R · 2008: -2.7pp · 2024: -37.5pp
• All cycles: 2024: R+37.5 2020: R+34.2 2016: R+31.2 2012: R+8.4 2008: R+2.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.93%
• Current HPI: 224.2583
• 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

Price history

+0.0% since first listed

4 events — show timeline

• 2026-05-24 Relisted — NORIS
• 2026-05-13 Pending — NORIS
• 2026-05-11 Listed $129,900 NORIS
• 2026-05-08 Coming Soon $129,900 NORIS

Property tax history

-3.2%/yr

Latest (2025): $524 · -3.4% YoY. Source: county tax records.