3583 Austin Rd #20 · Geneva, OH 44041

$45,400

3 bd · 1.0 ba · 896 sqft · SingleFamily · 5 Days on market

Built 1972 Good condition Est $43k · 6% over

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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 +5.0/15.0
• Schools +4.7/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Completely remodeled and move-in ready, this 3-bedroom, 1-bath home in Austin Woods offers affordable living with extensive updates throughout. The home has been thoughtfully renovated from top to bottom, featuring all new drywall, water supply lines, subflooring, luxury vinyl plank flooring, fresh paint, and updated electrical service with circuit breakers. The updated kitchen includes new cabinetry, countertops, stove, exhaust hood, and refrigerator, while the remodeled bathroom provides a clean, modern feel. Additional interior improvements include a new hot water heater, new interior doors, and a new front entry door. Outside, you'll find freshly painted exterior siding, a new 8' x 8' d

Key facts

• Parking
• Built 1972
• Listed 5 days

Property features AI

Finance

• Financial info: Land lease: $530

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; Built by owner (year source: owner)
• Construction: Vinyl siding; Elastomeric flat roof
• Exterior features: Deck

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air gas heating; Ceiling fan(s) for cooling
• Interior features: Ceiling fan(s)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $45k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $547 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Cap rate 20.7% vs local median 4.6% in Geneva — 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 74/100 on livability (#291 in OH, #4,770 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F, employment F.
• Geneva Area City (town): math 52% / reading 60% proficiency, ranked #362 of 656 in OH (top 55%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 86 active listings in the ZIP; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $314 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Ashtabula County population projected at -22% 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 $13k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $45,400

Questions for the listing agent

1. Built in 1972 — 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. 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.
4. 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.
5. 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: 2.40% ✓
• Cap rate: 20.75%
• Cash-on-cash: 51.62%
• DSCR: 3.30
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $43,008
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3583 Austin Rd #122	0.00mi	3/1.0	938 (+5%)	4mo	$465	—	89
3583 Austin Rd #102	0.12mi	3/2.0	938 (+5%)	2mo	$44,900	$48	81
3583 Austin Rd #83	0.03mi	3/2.0	938 (+5%)	7mo	$52,339	$56	81
3583 Austin Rd #27	0.12mi	3/2.0	924 (+3%)	14mo	$30,000	$32	74
3583 Austin Rd #84	0.12mi	3/1.0	924 (+3%)	20mo	$37,500	$41	73
3581 Austin Rd #51	0.10mi	2/1.0 (-1)	798 (-11%)	6mo	$38,300	$48	67
3583 Austin Rd #50	0.12mi	3/2.0	980 (+9%)	20mo	$49,900	$51	58
3583 Austin Rd #2	0.12mi	2/1.0 (-1)	784 (-12%)	18mo	$42,150	$54	54

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: 49.5%
• Equity multiple: 3.16×
• Total profit: $27,489
• Equity at exit: $6,769

10-year hold

• IRR: 55.0%
• Equity multiple: 6.42×
• Total profit: $68,852
• Equity at exit: $3,925

Cash invested: $12,712 (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 44041

• Home prices YoY: -31.3%
• Active inventory: 86
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,089 medium
• Mortgage (P&I): −$238
• Tax est. 1.5%: −$57 /mo · $681/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $547

Break-even live

Break-even rent $397

Max offer price $45,400

Occupancy floor 45%

Sensitivity live

Price	-10% $578	-5% $563	+0% $547	+5% $531	+10% $515
Rent	-10% $461	-5% $504	+0% $547	+5% $590	+10% $633
Rate	-1.0pp $570	-0.5pp $558	base $547	+0.5pp $535	+1.0pp $523

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: $11,350
• Closing costs: $1,362
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-18
   days on market $45,400 Active 5 DOM
2. 2026-06-17
   days on market $45,400 Active 4 DOM
3. 2026-06-16
   days on market $45,400 Active 3 DOM
4. 2026-06-15
   days on market $45,400 Active 2 DOM
5. 2026-06-14
   remarks 699-char remark
6. 2026-06-14
   listed $45,400 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,072
• − Mortgage interest: −$2,543
• − Property taxes: −$681
• − Insurance: −$227
• − Repairs & maintenance: −$1,046
• − Management: −$1,046
• − Depreciation: −$1,321
• Taxable income: $6,209
• Est. tax owed @ 24.0%: −$1,490
• After-tax cash flow: $5,072/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 · 12 photos

Good 80/100 Cosmetic rehab

This 3-bedroom, 1-bath home is completely remodeled and move-in ready, featuring new drywall, flooring, and appliances. The exterior has been freshly painted, and the interior has been updated with new paint and fixtures. The home is in good condition and ready for immediate occupancy.

Value-add opportunities

• Resale Painting exterior siding — Enhances curb appeal and value.
• Resale Upgrading kitchen appliances — Modernizes the kitchen and adds value.
• Rental Landscaping and adding outdoor furniture — Improves curb appeal and rental appeal for potential tenants.

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting exterior siding — Enhances curb appeal and value. ↑
• Resale Upgrading kitchen appliances — Modernizes the kitchen and adds value. ↑
• Rental Landscaping and adding outdoor furniture — Improves curb appeal and rental appeal for potential tenants. ↑

ⓘ 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: Geneva Area City
• NCES district ID: 3904405
• Math proficiency: 52% ▼ -16.00%
• Reading proficiency: 60% ▼ -2.00%
• Median HH income: $43,525
• Composite: 47.12/100
• National rank: #2328
• State rank: #362 of 656 in OH

Livability — Geneva

• Score: 74/100
• State rank: #291
• US rank: #4770

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Ashtabula · 97,617 people
• Metro: Cleveland, OH
• Population (ZIP): 13,992
• Household income: $58,438
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 12.5

Population outlook (Ashtabula County) Hauer SSP2

• Today (2025): 92,950 people
• By 2030: 89,146 · -4.1%
• By 2040: 80,715 · -13.2%
• By 2050: 72,270 · -22.2%
• By 2075: 55,780 · -40.0%
• By 2100: 40,928 · -56.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 7% Two or more races 6% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Ashtabula

• 2024 margin: Strong R (+28.4) · D 35.4% · R 63.8%
• 2008→2024 swing: -41.9pp toward R · 2008: 13.5pp · 2024: -28.4pp
• All cycles: 2024: R+28.4 2020: R+23.5 2016: R+19.0 2012: D+12.1 2008: D+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.04%
• Current HPI: 230.8747
• 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

1 event — show timeline

• 2026-06-13 Listed $45,400 MLSNOW