3583 Austin Rd #34 · Geneva, OH 44041

$67,220

3 bd · 2.0 ba · 1,067 sqft · SingleFamily · 41 Days on market

Built 2025 Good condition $63/sqft · 34% above area Est $50k · 34% 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
• Schools +4.7/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to your brand-new home in the inviting Austin Woods Community of Geneva, Ohio! This beautiful, never-lived-in manufactured home features three bedrooms and two full bathrooms with an open-concept floor plan designed for modern living. Enjoy a bright, spacious kitchen with contemporary finishes, energy-efficient construction, and comfortable living spaces perfect for entertaining or relaxing at home. Austin Woods is an all-ages, pet-friendly community offering a peaceful setting with convenient access to shopping, dining, wineries, and I-90. With an unbeatable location just minutes from Geneva State Park, Geneva-on-the-Lake, and Lake Erie, all that's left is for you to come see it

Key facts

• Parking
• Built 2025
• Listed 41 days

Tags

• ENERGY EFFICIENT CONSTRUCTION
• OPEN CONCEPT FLOOR PLAN
• CONVENIENT ACCESS TO SHOPPING
• MINUTES FROM GENEVA STATE PARK
• MINUTES FROM LAKE ERIE

Property features AI

Finance

• Other: Above-grade finished area reported by owner
• Financial info: Has land lease with monthly amount of $470

Exterior

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

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Electric heating with heat pump; Central air conditioning
• Interior features: Virtual tour available

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $67k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $759 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $67k).
• Recommended offer: $65k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.8% 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; 1 comparable units currently listed for rent nearby; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($58k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $465 of loan paydown is wiped out by about $2k 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 $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($65k) is reasonable based on typical stale-listing flexibility.

Recommended offer $65,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 2.30% ✓
• Cap rate: 19.85%
• Cash-on-cash: 48.40%
• DSCR: 3.15
• GRM: 3.6

CMA / ARV

• ARV (median comp): $49,995
• List price: $67,220
• Delta: 34.45%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3583 Austin Rd #131	0.00mi	3/2.0	1,064 (-0%)	4mo	$49,830	$47	96
3583 Austin Rd #67	0.00mi	3/2.0	1,064 (-0%)	4mo	$67,225	$63	96
3583 Austin Dr #94	0.12mi	3/2.0	1,056 (-1%)	4mo	$47,500	$45	90
3583 Austin Rd #68	0.12mi	3/2.0	1,078 (+1%)	10mo	$49,600	$46	84
3583 Austin Rd #130	0.12mi	3/2.0	1,038 (-3%)	8mo	$69,000	$66	83
3583 Austin Rd #102	0.12mi	3/2.0	938 (-12%)	2mo	$44,900	$48	73
3583 Austin Rd #83	0.03mi	3/2.0	938 (-12%)	7mo	$52,339	$56	73
3583 Austin Rd #122	0.00mi	3/1.0	938 (-12%)	4mo	$465	—	72
3651 Austin Dr Unit N7	0.12mi	3/2.0	1,216 (+14%)	11mo	$59,400	$49	62
3583 Austin Rd #27	0.12mi	3/2.0	924 (-13%)	14mo	$30,000	$32	61
3572 N Broadway	0.27mi	2/1.0 (-1)	1,144 (+7%)	14mo	$87,500	$76	55
830 Millwood Dr	0.66mi	3/2.0	1,200 (+12%)	8mo	$204,000	$170	41

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: 45.9%
• Equity multiple: 2.99×
• Total profit: $37,483
• Equity at exit: $10,023

10-year hold

• IRR: 51.7%
• Equity multiple: 6.05×
• Total profit: $94,995
• Equity at exit: $5,812

Cash invested: $18,822 (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: 3.6×

Monthly cashflow live

• Estimated rent: $1,549 medium
• Mortgage (P&I): −$353
• Tax est. 1.5%: −$84 /mo · $1,008/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $759

Break-even live

Break-even rent $588

Max offer price $67,220

Occupancy floor 46%

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: $16,805
• Closing costs: $2,017
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
430 Garfield St Geneva, OH	4.0	1.0	1248	$1,549	$1.24	43d	1	1.34mi

Listing history 15 events

1. 2026-06-18
   days on market $67,220 Active 41 DOM
2. 2026-06-17
   days on market $67,220 Active 40 DOM
3. 2026-06-16
   days on market $67,220 Active 39 DOM
4. 2026-06-15
   days on market $67,220 Active 38 DOM
5. 2026-06-13
   days on market $67,220 Active 36 DOM
6. 2026-06-12
   days on market $67,220 Active 35 DOM
7. 2026-06-09
   days on market $67,220 Active 32 DOM
8. 2026-06-08
   days on market $67,220 Active 31 DOM
9. 2026-06-08
   days on market $67,220 Active 30 DOM
10. 2026-06-07
    days on market $67,220 Active 29 DOM
11. 2026-06-04
    days on market $67,220 Active 26 DOM
12. 2026-06-02
    days on market $67,220 Active 25 DOM
13. 2026-06-01
    days on market $67,220 Active 24 DOM
14. 2026-05-31
    days on market $67,220 Active 23 DOM
15. 2026-05-08
    listed $67,220 Active 696-char remark

ⓘ 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: $18,588
• − Mortgage interest: −$3,765
• − Property taxes: −$1,008
• − Insurance: −$336
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$1,955
• Taxable income: $8,549
• Est. tax owed @ 24.0%: −$2,052
• After-tax cash flow: $7,058/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 · 22 photos

Good 80/100 Cosmetic rehab

This move-in-ready manufactured home in Austin Woods Community of Geneva, Ohio, features a good condition with modern finishes and an open-concept floor plan. It offers a great opportunity for an investor to purchase a home in a desirable location with minimal repairs needed.

Value-add opportunities

• Resale Painting the exterior siding — Enhances curb appeal and can increase property value
• Resale Landscaping improvements — Enhances curb appeal and can increase property value
• Resale Upgrading the kitchen appliances — Modernizes the kitchen and can increase property value
• Resale Upgrading the bathrooms with modern fixtures — Modernizes the bathrooms and can increase property value

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the exterior siding — Enhances curb appeal and can increase property value ↑
• Resale Landscaping improvements — Enhances curb appeal and can increase property value ↑
• Resale Upgrading the kitchen appliances — Modernizes the kitchen and can increase property value ↑
• Resale Upgrading the bathrooms with modern fixtures — Modernizes the bathrooms 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: 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

• 2026-05-08 Listed $67,220 MLSNOW