4705 W Bancroft St · Toledo, OH 43615

$150,000

5 bd · 2.0 ba · 2,307 sqft · SingleFamily public records · 31 Days on market

Built 1951 0.34 ac lot $65/sqft · 32% below area Est $220k · 32% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• Livability +3.3/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Strong opportunity for both investors and owner-occupants in a high-demand area near Ottawa Hills and the University of Toledo. This solid all-brick 2,307 sq ft property offers 4 bedrooms and 2 full baths with a flexible layout designed for multiple strategies. Two full kitchens—one on each level—support house-hacking, multi-generational living, in-law/guest quarters, or future income potential. Interior highlights include hardwood floors, a fireplace, and a practical floor plan with two bedrooms on the main level and two upstairs. Set on a spacious 0.37-acre lot with a 2-car attached garage, this property offers strong long-term hold appeal. Currently configured as a single-family residence, making it an attractive acquisition with immediate usability and upside potential. This home will a Minimum Bid Auction of $150,000 on Thursday May 21st at 4 PM. Preview and registration will begin at 3 PM.

Key facts

• Flexible layout
• Spacious lot
• Hardwood floors

Tags

• TWO FULL KITCHENS
• HARDWOOD FLOORS
• SPACIOUS LOT
• FLEXIBLE LAYOUT

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $592 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $146k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 7.5% in Toledo — 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 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 (+2.6%/yr); 115 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 415 units permitted in Lucas County in 2024 (122 in 5+ unit buildings).
• At $2,217/mo this rent would consume 46% of the median local household income ($58k/yr) (locally 1683% 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 $1k of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 2.6% rent growth), your $42k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y 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 $126k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,500 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — 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. 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?
5. 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?
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: 1.48% ✓
• Cap rate: 11.02%
• Cash-on-cash: 16.90%
• DSCR: 1.75
• GRM: 5.6

CMA / ARV

• ARV (median comp): $219,904
• List price: $150,000
• Delta: -31.79%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1927 Hogarth Rd	0.27mi	5/2.0	2,010 (-13%)	16mo	$150,000	$75	53
2222 Talmadge Rd	0.53mi	4/2.5 (-1)	2,140 (-7%)	6mo	$276,000	$129	52

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 · 2.59% rent growth · sell at horizon

5-year hold

• IRR: 7.7%
• Equity multiple: 1.30×
• Total profit: $12,565
• Equity at exit: $22,365

10-year hold

• IRR: 16.6%
• Equity multiple: 2.34×
• Total profit: $56,188
• 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 43615

• Home prices YoY: -31.9%
• Rents YoY: 2.6%
• Active inventory: 115
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,217 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$311 /mo · $3,729/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $592

Break-even live

Break-even rent $1,468

Max offer price $150,000

Occupancy floor 68%

Sensitivity live

Price	-10% $676	-5% $634	+0% $592	+5% $549	+10% $507
Rent	-10% $416	-5% $504	+0% $592	+5% $679	+10% $767
Rate	-1.0pp $667	-0.5pp $630	base $592	+0.5pp $553	+1.0pp $513

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 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4808 Penridge Rd Toledo, OH	4.0	2.5	2313	$3,500	$1.51	15d	1	1.48mi

Listing history 15 events

1. 2026-04-20
   listed $150,000 Active 920-char remark

   Show marketing remark (920 chars)

   Strong opportunity for both investors and owner-occupants in a high-demand area near Ottawa Hills and the University of Toledo. This solid all-brick 2,307 sq ft property offers 4 bedrooms and 2 full baths with a flexible layout designed for multiple strategies. Two full kitchens—one on each level—support house-hacking, multi-generational living, in-law/guest quarters, or future income potential. Interior highlights include hardwood floors, a fireplace, and a practical floor plan with two bedrooms on the main level and two upstairs. Set on a spacious 0.37-acre lot with a 2-car attached garage, this property offers strong long-term hold appeal. Currently configured as a single-family residence, making it an attractive acquisition with immediate usability and upside potential. This home will a Minimum Bid Auction of $150,000 on Thursday May 21st at 4 PM. Preview and registration will begin at 3 PM.

2. 2026-04-08
   status Active
3. 2026-04-01
   status Pending
4. 2026-04-01
   historical
5. 2026-03-23
   price $198,000
6. 2026-03-04
   price $207,000
7. 2026-01-23
   listed $219,000 Active
8. 2026-01-19
   historical
9. 2025-12-19
   historical
10. 2025-12-08
    listed $189,000 Active
11. 2007-11-11
    historical
12. 2007-05-11
    listed $136,000
13. 2007-03-29
    historical
14. 2006-10-03
    listed $144,000
15. 2002-08-22
    soldstatus $125,500

ⓘ 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: $3,729 · $311/mo
• Projected year-2 tax: $3,729 · $311/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 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,603
• − Mortgage interest: −$8,402
• − Property taxes: −$3,729
• − Insurance: −$750
• − Repairs & maintenance: −$2,128
• − Management: −$2,128
• − Depreciation: −$4,364
• Taxable income: $5,102
• Est. tax owed @ 24.0%: −$1,224
• After-tax cash flow: $5,874/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): 40,146
• Household income: $57,713
• Rent vs Own: 46.0% rent · 54.0% own
• Severe rent burden: 1683.0

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: Majority White (62%)
• Race & ethnicity: White 62% Black 26% Two or more races 6% Hispanic / Latino 4% Asian 3%
• Common ancestry: Romanian 7% Lithuanian 3% Slovak 2%
• Foreign-born: 5% · China, Canada
• Languages at home: 93% English-only · Arabic 2% Spanish 1% Chinese 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: ▼ -96.44%
• Current HPI: 205.95
• Rent YoY: ▲ 2.59%
• 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

+19.5% since first listed

15 events — show timeline

• 2026-04-20 Listed $150,000 NORIS
• 2026-04-08 Relisted — NORIS
• 2026-04-01 Pending — NORIS
• 2026-04-01 Listing Removed — NORIS
• 2026-03-23 Price Changed $198,000 NORIS
• 2026-03-04 Price Changed $207,000 NORIS
• 2026-01-23 Listed $219,000 NORIS
• 2026-01-19 Coming Soon — NORIS
• 2025-12-19 Listing Removed — NORIS
• 2025-12-08 Listed $189,000 NORIS
• 2007-11-11 Listing Removed — NORIS
• 2007-05-11 Listed $136,000 NORIS
• 2007-03-29 Listing Removed — NORIS
• 2006-10-03 Listed $144,000 NORIS
• 2002-08-22 Sold (Public Records) $125,500 Public Records

Property tax history

+6.1%/yr

Latest (2025): $3,729 · -0.5% YoY. Source: county tax records.