202 W Main St Lot 13 · Conneaut, OH 44030

$69,900

3 bd · 2.0 ba · 1,120 sqft · SingleFamily · 48 Days on market

Built 2023 Good condition $62/sqft · 54% below area

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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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Condition / age +3.8/5.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome Home! Step into this beautifully updated 2023 three-bedroom, two-bath home located in a quiet and well-kept mobile home community. With modern finishes throughout, this move-in-ready gem offers spacious living, a clean and stylish interior, and all the comforts you need. Enjoy outdoor storage with the included shed, and relax knowing you’re in a peaceful neighborhood. Come see how easy it is to settle into your next chapter!

Key facts

• Outdoor storage
• Built 2023
• Listed 48 days

Tags

• OUTDOOR STORAGE
• PEACEFUL NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($990 rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 4.3% in Conneaut — 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 63/100 on livability (#808 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, crime C-, health & safety D.
• Conneaut Area City (town): math 35% / reading 50% proficiency, ranked #527 of 656 in OH (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 61 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 $483 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 $20k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 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: 1.42% ✓
• Cap rate: 11.43%
• Cash-on-cash: 18.33%
• DSCR: 1.82
• GRM: 5.9

CMA / ARV

• ARV (median comp): $151,923
• List price: $69,900
• Delta: -53.99%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 W Main St #132	0.16mi	3/1.0	1,152 (+3%)	1mo	$25,000	$22	83
202 W Main Rd #93	0.16mi	3/2.0	1,000 (-11%)	1mo	$41,000	$41	74
261 Bloor St	0.35mi	3/1.5	1,202 (+7%)	14mo	$154,900	$129	58
324 Hosford Ave	0.33mi	3/1.0	960 (-14%)	18mo	$139,466	$145	42
920 Lincoln Dr	0.71mi	3/2.0	1,247 (+11%)	10mo	$189,000	$152	39
919 Lincoln Dr	0.73mi	3/2.5	1,253 (+12%)	8mo	$111,000	$89	38
117 Cummins Ave	0.70mi	2/1.0 (-1)	1,202 (+7%)	18mo	$165,000	$137	30

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: 10.0%
• Equity multiple: 1.39×
• Total profit: $7,730
• Equity at exit: $10,422

10-year hold

• IRR: 19.1%
• Equity multiple: 2.60×
• Total profit: $31,311
• Equity at exit: $6,044

Cash invested: $19,572 (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 44030

• Home prices YoY: -10.8%
• Active inventory: 61
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $990 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $299

Break-even live

Break-even rent $611

Max offer price $69,900

Occupancy floor 65%

Sensitivity live

Price	-10% $347	-5% $323	+0% $299	+5% $275	+10% $251
Rent	-10% $221	-5% $260	+0% $299	+5% $338	+10% $377
Rate	-1.0pp $334	-0.5pp $317	base $299	+0.5pp $281	+1.0pp $262

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-21
   days on market $69,900 Active 48 DOM
2. 2026-06-18
   days on market $69,900 Active 46 DOM
3. 2026-06-17
   days on market $69,900 Active 45 DOM
4. 2026-06-16
   days on market $69,900 Active 44 DOM
5. 2026-06-15
   days on market $69,900 Active 43 DOM
6. 2026-06-13
   days on market $69,900 Active 41 DOM
7. 2026-06-12
   days on market $69,900 Active 40 DOM
8. 2026-06-09
   days on market $69,900 Active 37 DOM
9. 2026-06-08
   days on market $69,900 Active 36 DOM
10. 2026-06-08
    days on market $69,900 Active 35 DOM
11. 2026-06-07
    days on market $69,900 Active 34 DOM
12. 2026-06-04
    days on market $69,900 Active 31 DOM
13. 2026-06-02
    days on market $69,900 Active 30 DOM
14. 2026-06-01
    days on market $69,900 Active 29 DOM
15. 2026-05-31
    days on market $69,900 Active 28 DOM
16. 2026-05-10
    status Active 443-char remark

    Show marketing remark (443 chars)

    Welcome Home! Step into this beautifully updated 2023 three-bedroom, two-bath home located in a quiet and well-kept mobile home community. With modern finishes throughout, this move-in-ready gem offers spacious living, a clean and stylish interior, and all the comforts you need. Enjoy outdoor storage with the included shed, and relax knowing you’re in a peaceful neighborhood. Come see how easy it is to settle into your next chapter!

17. 2025-07-17
    listed $69,900 Active 443-char remark

    Show marketing remark (443 chars)

    Welcome Home! Step into this beautifully updated 2023 three-bedroom, two-bath home located in a quiet and well-kept mobile home community. With modern finishes throughout, this move-in-ready gem offers spacious living, a clean and stylish interior, and all the comforts you need. Enjoy outdoor storage with the included shed, and relax knowing you’re in a peaceful neighborhood. Come see how easy it is to settle into your next chapter!

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,879
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$950
• − Management: −$950
• − Depreciation: −$2,033
• Taxable income: $2,631
• Est. tax owed @ 24.0%: −$632
• After-tax cash flow: $2,956/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 75/100 Cosmetic rehab

This move-in-ready 2023 three-bedroom, two-bath home offers modern finishes and a clean interior, with a good condition score of 75. It's located in a quiet and well-kept mobile home community, making it an attractive option for both resale and rental.

Value-add opportunities

• Both painting interior walls — fresh paint enhances curb appeal and interior aesthetics
• Both landscaping — improved landscaping enhances curb appeal and property value
• Both replacing window treatments — new window treatments improve curb appeal and interior aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both painting interior walls — fresh paint enhances curb appeal and interior aesthetics ↑
• Both landscaping — improved landscaping enhances curb appeal and property value ↑
• Both replacing window treatments — new window treatments improve curb appeal and interior aesthetics ↑

ⓘ 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: Conneaut Area City
• NCES district ID: 3904381
• Math proficiency: 35% ▼ -18.00%
• Reading proficiency: 50% ▼ -12.00%
• Median HH income: $38,064
• Composite: 35.37/100
• National rank: #4953
• State rank: #527 of 656 in OH

Livability — Conneaut

• Score: 63/100
• State rank: #808
• US rank: #14907

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Conneaut, OH
• County: Ashtabula · 97,617 people
• City population: 16,317
• Metro: Cleveland, OH
• Population (ZIP): 16,317
• Household income: $57,264
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 11.2

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 (88%)
• Race & ethnicity: White 88% Black 6% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

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: ▼ -32.21%
• Current HPI: 265.5019
• 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

2 events — show timeline

• 2026-05-10 Relisted — MLSNOW
• 2025-07-17 Listed $69,900 MLSNOW