Sweet Pea Plan · Vermilion, OH 44089

$385,490

4 bd · 3.0 ba · 2,202 sqft · SingleFamily · 584 Days on market

Excellent condition

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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 +27.8/30.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Condition / age +4.8/5.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

Key facts

• Secluded retreat
• Serene environment
• 2 parking spots

Tags

• NEW-CONSTRUCTION HOMES
• DESIGNER-CURATED INTERIORS
• SECLUDED RETREAT
• QUALITY CRAFTSMANSHIP
• VIBRANT DOWNTOWN LOCATION
• SERENE ENVIRONMENT

🏗️ New construction. The $385,490 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $374,915.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $385k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $385k).
• Recommended offer: $339k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 6.2% in Vermilion — 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 81/100 on livability (#96 in OH, #1,481 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: commute F.
• Vermilion Local (suburban): math 56% / reading 60% proficiency, ranked #316 of 656 in OH (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Vermilion Elementary School (math 57% / reading 62%, grade B-, #670 of 1,584 statewide, top 45%, 534 students, 37% FRL); Sailorway Middle School (math 64% / reading 64%, grade B+, #221 of 654 statewide, top 35%, 507 students, 36% FRL); Vermilion High School (math 44% / reading 53%, grade D, #427 of 781 statewide, top 55%, 674 students, 31% FRL) — zoned schools at 35% FRL track the district average.
• Market conditions: 145 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 128 units permitted in Erie County in 2024 (5 in 5+ unit buildings).
• At $4,731/mo this rent would consume 79% of the median local household income ($72k/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 $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Erie County population projected at -15% 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 $105k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 584 days — a 12% lower offer ($339k) is reasonable based on typical stale-listing flexibility.

Recommended offer $339,231 (12.0% below list)

Questions for the listing agent

1. It's been on market 584 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.26% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.10%
• DSCR: 1.58
• GRM: 6.6

CMA / ARV

• ARV (median comp): $374,915
• List price: $385,490
• Delta: 2.82%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5939 Cape Hatteras Dr	0.04mi	4/3.0	2,101 (-5%)	8mo	$399,990	$190	84
5942 Cape Hatteras Dr	0.03mi	4/3.0	2,101 (-5%)	10mo	$410,052	$195	83
S/L 65 Cape Hatteras Dr	0.13mi	4/3.0	2,202 (0%)	15mo	$459,990	$209	82
1019 Jackson St	0.19mi	3/2.0 (-1)	2,184 (-1%)	2mo	$243,000	$111	79
6039 Conneaut Light Dr	0.10mi	4/4.0	2,101 (-5%)	6mo	$395,000	$188	79
6031 Conneaut Light Dr	0.07mi	4/2.5	2,098 (-5%)	10mo	$395,000	$188	78
6035 Conneaut Light Dr	0.08mi	4/2.5	2,098 (-5%)	12mo	$392,000	$187	76
5943 Cape Hatteras Dr	0.06mi	5/3.0 (+1)	2,496 (+13%)	10mo	$446,928	$179	61
856 Tappan Cir	0.29mi	3/2.5 (-1)	1,966 (-11%)	2mo	$355,000	$181	60
880 Exchange St	0.62mi	3/2.0 (-1)	2,230 (+1%)	6mo	$315,000	$141	55
1131 State St	0.49mi	3/2.5 (-1)	1,927 (-12%)	14mo	$292,000	$152	38
920 Douglas St	0.67mi	3/1.5 (-1)	1,998 (-9%)	18mo	$299,000	$150	28

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: 3.1%
• Equity multiple: 1.12×
• Total profit: $12,332
• Equity at exit: $55,901

10-year hold

• IRR: 12.6%
• Equity multiple: 2.00×
• Total profit: $105,043
• Equity at exit: $32,416

Cash invested: $104,976 (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 44089

• Active inventory: 145
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $4,731 medium
• Mortgage (P&I): −$1,966
• Tax est. 1.5%: −$469 /mo · $5,624/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$993
• Net cashflow: $1,146

Break-even live

Break-even rent $3,280

Max offer price $374,915

Occupancy floor 71%

Sensitivity live

Price	-10% $1,405	-5% $1,276	+0% $1,146	+5% $1,017	+10% $887
Rent	-10% $773	-5% $959	+0% $1,146	+5% $1,333	+10% $1,520
Rate	-1.0pp $1,335	-0.5pp $1,242	base $1,146	+0.5pp $1,049	+1.0pp $950

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: $93,729
• Closing costs: $11,247
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5821 South St Vermilion, OH	5.0	2.5	2007	$2,995	$1.49	3d	1	0.43mi
5012 Hollyview Dr Unit 1496126P Vermilion, OH	4.0	1.5	1679	$8,362	$4.98	45d	1	1.22mi
4861 Pineview Dr Unit 1496121P Vermilion, OH	5.0	2.0	2055	$6,645	$3.23	3d	1	1.25mi

Listing history 27 events

1. 2026-06-21
   days on market $385,490 Active 584 DOM
2. 2026-06-18
   days on market $385,490 Active 581 DOM
3. 2026-06-17
   days on market $385,490 Active 580 DOM
4. 2026-06-16
   days on market $385,490 Active 579 DOM
5. 2026-06-15
   days on market $385,490 Active 578 DOM
6. 2026-06-13
   days on market $385,490 Active 576 DOM
7. 2026-06-09
   days on market $385,490 Active 572 DOM
8. 2026-06-08
   days on market $385,490 Active 571 DOM
9. 2026-06-07
   days on market $385,490 Active 570 DOM
10. 2026-06-05
    days on market $385,490 Active 567 DOM
11. 2026-06-03
    days on market $385,490 Active 566 DOM
12. 2026-06-02
    days on market $385,490 Active 565 DOM
13. 2026-06-01
    days on market $385,490 Active 564 DOM
14. 2026-05-31
    days on market $385,490 Active 563 DOM
15. 2025-11-10
    price $385,490 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

16. 2025-11-04
    price $380,490 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

17. 2025-10-31
    price $373,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

18. 2025-08-05
    price $380,490 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

19. 2025-07-12
    price $379,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

20. 2025-06-03
    price $378,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

21. 2025-05-18
    price $377,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

22. 2025-05-08
    price $371,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

23. 2025-05-06
    price $377,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

24. 2025-03-27
    price $371,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

25. 2025-01-14
    price $373,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

26. 2024-11-23
    price $372,990 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

27. 2024-11-14
    listed $370,990 Active 1082-char remark

    Show marketing remark (1082 chars)

    Experience the best of lakeside living at Aspire at Lighthouse Estates, a gorgeous community of single-family new-construction homes for sale in Vermilion, Ohio. Just moments from Harbourtown, golf courses, marinas, and the shores of Lake Erie, our stunning new homes offer airy open floorplans and our designer-curated Looks interiors. Discover your new home in this secluded retreat while enjoying proximity to recreation and commuter routes. Each of our new homes in Vermilion features thoughtful, quality craftsmanship. Our designer-curated Looks collections — Loft, Farmhouse, or Elements — provide a simple and transparently priced way for you to achieve a beautiful, cohesive interior that matches your style. Offered By: K. Hovnanian at Lighthouse Estates, LLC The Sweet Pea offers: First floor primary suite with en-suite bath. Striking kitchen with large center island and pantry. Cozy dining area with adjacent great room. Second floor loft for entertaining or relaxing. First floor Extra Suite for overnight guests. Spacious 2-car garage for storage space.

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

Taxation est. · year 1

• Rental income: $56,769
• − Mortgage interest: −$21,001
• − Property taxes: −$5,624
• − Insurance: −$1,875
• − Repairs & maintenance: −$4,542
• − Management: −$4,542
• − Depreciation: −$10,907
• Taxable income: $8,280
• Est. tax owed @ 24.0%: −$1,987
• After-tax cash flow: $11,769/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 · 13 photos

Excellent 95/100 None rehab

This home is in excellent condition with modern finishes and a well-maintained exterior. It is move-in ready and would benefit from some landscaping and smart home updates to further enhance its value.

Value-add opportunities

• Both Landscaping and curb appeal — Enhances curb appeal and can attract more buyers
• Both Add a smart home system — Improves convenience and can increase property value
• Both Add a smart thermostat — Improves energy efficiency and can increase property value

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal — Enhances curb appeal and can attract more buyers ↑
• Both Add a smart home system — Improves convenience and can increase property value ↑
• Both Add a smart thermostat — Improves energy efficiency and can increase property value ↑

ⓘ 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: Vermilion Local
• NCES district ID: 3904682
• Math proficiency: 56% ▼ -13.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $52,091
• Composite: 49.61/100
• National rank: #1981
• State rank: #316 of 656 in OH

Livability — Vermilion

• Score: 81/100
• State rank: #96
• US rank: #1481

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vermilion, OH
• County: Erie · 78,232 people
• Metro: Sandusky, OH
• Population (ZIP): 15,873
• Household income: $72,045
• Rent vs Own: 18.6% rent · 81.4% own
• Severe rent burden: 5.8

Population outlook (Erie County) Hauer SSP2

• Today (2025): 73,204 people
• By 2030: 71,341 · -2.5%
• By 2040: 66,771 · -8.8%
• By 2050: 62,512 · -14.6%
• By 2075: 56,154 · -23.3%
• By 2100: 49,045 · -33.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Romanian 7% Lithuanian 4% Slovak 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Other Indo-European 1%

Political lean MEDSL · Erie

• 2024 margin: R (+14.1) · D 42.5% · R 56.6%
• 2008→2024 swing: -28.0pp toward R · 2008: 13.9pp · 2024: -14.1pp
• All cycles: 2024: R+14.1 2020: R+11.6 2016: R+9.8 2012: D+11.3 2008: D+13.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -122.76%
• Current HPI: 206.8223
• 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

+3.9% since first listed

13 events — show timeline

• 2025-11-10 Price Changed $385,490 Zillow
• 2025-11-04 Price Changed $380,490 Zillow
• 2025-10-31 Price Changed $373,990 Zillow
• 2025-08-05 Price Changed $380,490 Zillow
• 2025-07-12 Price Changed $379,990 Zillow
• 2025-06-03 Price Changed $378,990 Zillow
• 2025-05-18 Price Changed $377,990 Zillow
• 2025-05-08 Price Changed $371,990 Zillow
• 2025-05-06 Price Changed $377,990 Zillow
• 2025-03-27 Price Changed $371,990 Zillow
• 2025-01-14 Price Changed $373,990 Zillow
• 2024-11-23 Price Changed $372,990 Zillow
• 2024-11-14 Listed $370,990 Zillow