1723 Harbor Ave · Ashtabula, OH 44004

$159,900

2 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 3 Days on market

Built 1918 6,098 sqft lot Est $144k · 11% over

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Why this score? — see what drove the C+ 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
• Livability +3.6/5.0
• ARV discount +2.5/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully updated and meticulously maintained two-story home offering 2 bedrooms and 1 full bathroom. This charming home features newer luxury vinyl plank flooring throughout, freshly painted rooms, and an updated kitchen complete with stainless steel appliances. The full partially finished basement provides additional living, entertaining, or storage space to fit your needs. Enjoy relaxing on the inviting front porch, complete with patio furniture that stays with the home. Outside, you'll find a newer concrete driveway leading to an incredible oversized garage with space for up to 6 vehicles and equipped with 2 electric garage doors. The garage is truly a mechanic's dream, featuring elec

Key facts

• Inviting front porch
• Updated kitchen
• Oversized garage

Tags

• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• PARTIALLY FINISHED BASEMENT
• INVITING FRONT PORCH
• NEWER CONCRETE DRIVEWAY
• OVERSIZED GARAGE

Property features AI

Finance

• Other: Above-grade finished area: 1,152 (source: Realist); Year built source: Public Records; Annual tax information available

Exterior

• Parking: Detached garage; Garage (6 spaces); Garage door opener; Concrete driveway; Oversized garage; Garage faces front and rear
• Security: Security system
• Utilities: Public water; Public sewer
• Home design: 2 stories; Faces east; Updated/remodeled
• Construction: Vinyl siding; Asphalt/fiberglass roof
• Exterior features: Front porch; Back yard; Lot less than half acre

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Total rooms: 5; Has basement (concrete)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Blinds on windows; Updated/remodeled condition
• Laundry & utility: Washer; Dryer; Laundry located in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).
• Cap rate 17.0% vs local median 8.2% in Ashtabula — 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 71/100 on livability (#420 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: schools C-, amenities F, commute F.
• Ashtabula Area City (town): math 24% / reading 35% proficiency, ranked #588 of 656 in OH (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 169 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• At $3,051/mo this rent would consume 74% of the median local household income ($50k/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 $1k of loan paydown is wiped out by about $5k 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 $45k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $18k; list at $160k implies a 788% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $159,900

Questions for the listing agent

1. Built in 1918 — 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: 1.91% ✓
• Cap rate: 17.00%
• Cash-on-cash: 38.24%
• DSCR: 2.70
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $144,000
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1307 W 9th St	0.44mi	3/1.0 (+1)	1,170 (+2%)	4mo	$56,999	$49	68
949 E 6th St	0.71mi	3/1.5 (+1)	1,166 (+1%)	5mo	$160,000	$137	54
2123 Columbus Ave	0.50mi	2/1.0	1,088 (-6%)	23mo	$119,500	$110	48
1706 W 9th St	0.66mi	3/1.5 (+1)	1,119 (-3%)	14mo	$109,900	$98	46
1707 W 10th St	0.66mi	3/1.5 (+1)	1,124 (-2%)	15mo	$142,000	$126	45
1426 Michigan Ave	0.72mi	3/1.0 (+1)	1,136 (-1%)	21mo	$142,250	$125	41
1636 W 8th St	0.65mi	3/1.0 (+1)	1,280 (+11%)	10mo	$112,000	$88	38
1212 E 15th St	0.57mi	3/3.0 (+1)	1,300 (+13%)	5mo	$210,000	$162	35
2424 Harbor Ave	0.54mi	3/1.0 (+1)	1,300 (+13%)	17mo	$89,000	$68	34
1812 W 9th St	0.75mi	3/1.5 (+1)	1,056 (-8%)	15mo	$154,000	$146	32

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: 34.3%
• Equity multiple: 2.45×
• Total profit: $64,920
• Equity at exit: $23,842

10-year hold

• IRR: 41.2%
• Equity multiple: 4.87×
• Total profit: $173,411
• Equity at exit: $13,825

Cash invested: $44,772 (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 44004

• Home prices YoY: -30.5%
• Active inventory: 169
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $3,051 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$79 /mo · $942/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$641
• Net cashflow: $1,427

Break-even live

Break-even rent $1,245

Max offer price $159,900

Occupancy floor 48%

Sensitivity live

Price	-10% $1,517	-5% $1,472	+0% $1,427	+5% $1,381	+10% $1,336
Rent	-10% $1,186	-5% $1,306	+0% $1,427	+5% $1,547	+10% $1,668
Rate	-1.0pp $1,507	-0.5pp $1,467	base $1,427	+0.5pp $1,385	+1.0pp $1,343

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1115 Myrtle Ave Ashtabula, OH	3.0	1.5	1184	$1,600	$1.35	44d	1	0.97mi
1036 Union Ave Unit 1496086P Ashtabula, OH	3.0	1.0	1496	$5,341	$3.57	44d	1	1.21mi

Listing history 3 events

1. 2026-05-21
   status Pending
2. 2026-05-18
   listed $159,900 Active
3. 1992-12-09
   soldstatus $18,000

ⓘ 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: $942 · $79/mo
• Projected year-2 tax: $1,718 · $143/mo
• Expected delta: +$776/yr (+$65/mo · 82.3%)

ⓘ 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 2/10 Low 7 d/yr ≥93°F today · 17 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: $36,612
• − Mortgage interest: −$8,957
• − Property taxes: −$942
• − Insurance: −$800
• − Repairs & maintenance: −$2,929
• − Management: −$2,929
• − Depreciation: −$4,652
• Taxable income: $15,403
• Est. tax owed @ 24.0%: −$3,697
• After-tax cash flow: $13,422/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: Ashtabula Area City
• NCES district ID: 3904351
• Math proficiency: 24% ▼ -27.00%
• Reading proficiency: 35% ▼ -13.00%
• Median HH income: $34,812
• Composite: 24.3/100
• National rank: #7712
• State rank: #588 of 656 in OH

Livability — Ashtabula

• Score: 71/100
• State rank: #420
• US rank: #6883

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ashtabula, OH
• County: Ashtabula · 97,617 people
• Metro: Cleveland, OH
• Population (ZIP): 31,076
• Household income: $49,507
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 14.1

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 7% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5%
• Common ancestry: Romanian 4% Iranian 2% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% 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: ▼ -114.51%
• Current HPI: 260.7146
• 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

+788.3% since first listed

3 events — show timeline

• 2026-05-21 Pending — MLSNOW
• 2026-05-18 Listed $159,900 MLSNOW
• 1992-12-09 Sold (Public Records) $18,000 Public Records

Property tax history

-1.7%/yr

Latest (2025): $942 · -0.3% YoY. Source: county tax records.