3319 Wendover St · Springfield, OH 45506

$79,900

3 bd · 1.0 ba · 1,428 sqft · SingleFamily public records · 20 Days on market

Built 1891 0.34 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 3319 Wendover St. in Springfield tucked on a quiet cul-de-sac in the highly sought-after Greenon School District. This 3-bedroom, 1-bath home sits on a fenced double lot and includes a newer-built detached 2 car garage with a second-floor loft for extra storage or workspace. Recent improvements include a brand new gas furnace and plumbing repairs that have been addressed. This property is renovation loan eligible (buyer to verify with lender), offering a chance to buy at a discount, update to your standards, and build equity. There's also room to explore adding a main-floor en suite (buyer to verify feasibility), which could create a 4 bed / 2 bath layout. Conveniently located near the Mad River for outdoor recreation and within about 20 minutes of Wright-Patterson AFB, bring your imagination and see what's possible

Key facts

• Second-floor loft
• Quiet cul-de-sac
• Fenced double lot

Tags

• QUIET CUL-DE-SAC
• FENCED DOUBLE LOT
• DETACHED 2 CAR GARAGE
• SECOND-FLOOR LOFT
• NEW GAS FURNACE
• MAIN-FLOOR EN SUITE

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Well water; Private sewer
• Home design: Single family residence; Two levels; Built in 1891; No shared/common walls
• Construction: Built in 1891
• Exterior features: 0.34-acre lot; Other foundation

Interior

• Bathrooms: 1 full bathroom
• Interior features: Partial basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $638 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.9% vs local median 4.7% 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.
• Greenon Local (suburban): math 45% / reading 56% proficiency, ranked #423 of 656 in OH (top 64%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 45 active listings in the ZIP; lower-income renter base — watch delinquency; 232 units permitted in Clark County in 2024 (116 in 5+ unit buildings).
• At $1,632/mo this rent would consume 47% of the median local household income ($42k/yr) (locally 684% of renters already pay >50% of income on rent) — 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 $552 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 10y ago; this cycle's ask has dropped $50k (38%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $80k implies a 220% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1891 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1891 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 2.04% ✓
• Cap rate: 15.88%
• Cash-on-cash: 34.23%
• DSCR: 2.52
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $215,628
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
786 Hilliard St	0.07mi	4/1.5 (+1)	1,438 (+1%)	12mo	$260,000	$181	78
3085 Dayton Rd	0.42mi	2/1.0 (-1)	1,377 (-4%)	9mo	$35,000	$25	62
2887 Dayton Springfield Rd	0.53mi	3/2.0	1,421 (-0%)	19mo	$285,000	$201	54
3091 Arthur Rd	0.56mi	3/2.0	1,421 (-0%)	20mo	$200,000	$141	52
1655 Parkridge Dr	0.72mi	3/2.0	1,452 (+2%)	9mo	$219,000	$151	52
1513 Ridgeway Dr	0.59mi	3/2.0	1,235 (-14%)	2mo	$237,500	$192	44
1325 Red Oak Cir	0.50mi	4/1.0 (+1)	1,530 (+7%)	21mo	$220,000	$144	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.7%
• Equity multiple: 2.24×
• Total profit: $27,780
• Equity at exit: $11,913

10-year hold

• IRR: 37.0%
• Equity multiple: 4.44×
• Total profit: $76,872
• Equity at exit: $6,908

Cash invested: $22,372 (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 45506

• Home prices YoY: -14.1%
• Active inventory: 45
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,632 medium
• Mortgage (P&I): −$419
• Tax from tax record: −$199 /mo · $2,390/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $638

Break-even live

Break-even rent $825

Max offer price $79,900

Occupancy floor 56%

Sensitivity live

Price	-10% $683	-5% $661	+0% $638	+5% $616	+10% $593
Rent	-10% $509	-5% $574	+0% $638	+5% $703	+10% $767
Rate	-1.0pp $678	-0.5pp $658	base $638	+0.5pp $617	+1.0pp $596

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-18
   days on market $79,900 Active 20 DOM
2. 2026-06-17
   days on market $79,900 Active 19 DOM
3. 2026-06-16
   days on market $79,900 Active 18 DOM
4. 2026-06-15
   days on market $79,900 Active 17 DOM
5. 2026-06-14
   days on market $79,900 Active 15 DOM
6. 2026-06-13
   days on market $79,900 Active 14 DOM
7. 2026-06-10
   days on market $79,900 Active 12 DOM
8. 2026-06-09
   days on market $79,900 Active 11 DOM
9. 2026-06-08
   days on market $79,900 Active 10 DOM
10. 2026-06-07
    remarks 699-char remark
11. 2026-06-07
    listed $79,900 Active 9 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: $2,390 · $199/mo
• Projected year-2 tax: $2,390 · $199/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°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 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,589
• − Mortgage interest: −$4,476
• − Property taxes: −$2,390
• − Insurance: −$400
• − Repairs & maintenance: −$1,567
• − Management: −$1,567
• − Depreciation: −$2,324
• Taxable income: $6,865
• Est. tax owed @ 24.0%: −$1,648
• After-tax cash flow: $6,010/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: Greenon Local
• NCES district ID: 3904623
• Math proficiency: 45% ▼ -17.00%
• Reading proficiency: 56% ▼ -4.00%
• Median HH income: $56,794
• Composite: 43.81/100
• National rank: #2930
• State rank: #423 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

• County: Clark County · 33,261 people
• City population: 33,261
• Metro: Springfield, OH
• Population (ZIP): 13,435
• Household income: $42,104
• Rent vs Own: 42.4% rent · 57.6% own
• Severe rent burden: 684.0

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: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 53% Black 30% Two or more races 10% Hispanic / Latino 8%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Serbian 2% Romanian 1% Iranian 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 4% Other Asian/Pacific 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: ▼ -46.97%
• Current HPI: 286.2883
• 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

+1041.4% since first listed

41 events — show timeline

• 2026-06-05 Relisted — WRIST
• 2026-06-05 Relisted — CBRMLS
• 2026-06-05 Relisted — Dayton MLS
• 2026-06-05 Price Changed $79,900 WRIST
• 2026-06-05 Price Changed $79,900 CBRMLS
• 2026-06-05 Price Changed $79,900 Dayton MLS
• 2026-04-14 Listing Removed — Dayton MLS
• 2026-04-02 Relisted — WRIST
• 2026-04-02 Price Changed $97,500 CBRMLS
• 2026-04-02 Price Changed $97,500 WRIST
• 2026-04-02 Price Changed $97,500 Dayton MLS
• 2026-03-30 Relisted — Dayton MLS
• 2026-03-26 Pending — WRIST
• 2026-03-26 Pending — Dayton MLS
• 2026-03-26 Listing Removed — WRIST
• 2026-03-19 Price Changed $99,900 CBRMLS
• 2026-03-19 Price Changed $99,900 WRIST
• 2026-03-19 Price Changed $99,900 Dayton MLS
• 2026-03-12 Relisted — CBRMLS
• 2026-03-12 Relisted — Dayton MLS
• 2026-03-12 Relisted — WRIST
• 2026-03-02 Pending — WRIST
• 2026-03-02 Pending — Dayton MLS
• 2026-03-02 Pending — CBRMLS
• 2026-03-02 Listing Removed — CBRMLS
• 2026-02-27 Price Changed $109,900 WRIST
• 2026-02-27 Price Changed $109,900 Dayton MLS
• 2026-02-27 Price Changed $109,900 CBRMLS
• 2026-02-23 Listed $129,900 CBRMLS
• 2026-02-21 Listed $129,900 Dayton MLS
• 2026-02-21 Listed $129,900 WRIST
• 2016-10-21 Sold (MLS) $25,000 Dayton MLS
• 2016-10-21 Sold (MLS) $25,000 Dayton MLS
• 2016-10-21 Sold (MLS) $25,000 WRIST
• 2016-08-08 Listed $29,900 Dayton MLS
• 2016-08-08 Listed $29,900 WRIST
• 1996-03-19 Sold (Public Records) $39,900 Public Records
• 1996-03-19 Sold (Public Records) $54,900 Public Records
• 1996-03-19 Sold (Public Records) $56,800 Public Records
• 1992-10-30 Sold (Public Records) $54,900 Public Records
• 1989-06-13 Sold (Public Records) $7,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $2,390 · +44.7% YoY. Source: county tax records.