847 W 50th St · Ashtabula, OH 44004

$49,900

3 bd · 1.5 ba · 1,420 sqft · SingleFamily public records · 20 Days on market

Built 1890 8,712 sqft lot

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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 +7.5/15.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

3 bedroom 1 bath home tenant occupied. Subject to probate court approval.

Key facts

• 8,712 sq ft lot
• Parking
• Built 1890

🏷️ Possibly a rental listed for sale. The $49,900 price doesn't fit this home's estimated sale value (~$112,180) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $794 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 25.4% 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: 162 active listings in the ZIP; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($50k/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 $345 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 $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 27y ago 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.
• Current owner paid $15k; list at $50k implies a 233% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $49,151 (1.5% below list)

Questions for the listing agent

1. Built in 1890 — 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: 2.87% ✓
• Cap rate: 25.38%
• Cash-on-cash: 68.16%
• DSCR: 4.03
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $112,180
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5508 Adams Ave	0.34mi	3/1.5	1,396 (-2%)	8mo	$144,000	$103	75
922 W 37th St	0.45mi	3/2.0	1,486 (+5%)	2mo	$35,000	$24	68
4601 West Ave	0.26mi	3/1.0	1,296 (-9%)	7mo	$20,000	$15	65
5705 Poplar	0.45mi	3/1.0	1,326 (-7%)	1mo	$45,000	$34	65
622 W 35th St	0.67mi	3/1.0	1,440 (+1%)	1mo	$20,000	$14	63
1022 W 51st St	0.16mi	4/1.0 (+1)	1,584 (+12%)	9mo	$146,000	$92	59
933 W 37th St	0.48mi	4/1.5 (+1)	1,296 (-9%)	3mo	$103,000	$79	56
5725 Main Ave	0.59mi	3/1.0	1,572 (+11%)	1mo	$30,000	$19	52
616 W 39th St	0.56mi	3/2.0	1,288 (-9%)	8mo	$145,000	$113	50
5730 West Ave	0.49mi	3/1.0	1,238 (-13%)	6mo	$99,900	$81	49
507 Bunker Hill Rd	0.67mi	3/1.5	1,232 (-13%)	2mo	$65,000	$53	45
112 Grove Dr	0.64mi	2/1.5 (-1)	1,264 (-11%)	5mo	$140,000	$111	43

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: 67.6%
• Equity multiple: 4.04×
• Total profit: $42,479
• Equity at exit: $7,440

10-year hold

• IRR: 71.7%
• Equity multiple: 8.31×
• Total profit: $102,151
• Equity at exit: $4,314

Cash invested: $13,972 (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: 162
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,434 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$57 /mo · $682/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $794

Break-even live

Break-even rent $430

Max offer price $49,900

Occupancy floor 40%

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-01-30
   status Pending
2. 2026-01-08
   listed $49,900 Active
3. 2018-03-30
   soldstatus $15,000
4. 2011-02-09
   historical
5. 2010-11-09
   listed $39,900
6. 2010-10-30
   historical
7. 2010-04-30
   listed $39,900
8. 2003-02-06
   soldstatus $33,000
9. 2003-02-05
   soldstatus $33,000
10. 2003-02-03
    historical
11. 2002-12-20
    soldstatus $30,000
12. 2002-11-04
    listed $39,900
13. 2000-05-26
    soldstatus $53,000
14. 1999-07-09
    historical
15. 1999-01-09
    listed $57,900
16. 1995-09-11
    soldstatus $17,000
17. 1991-09-03
    soldstatus $20,500

ⓘ 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: $682 · $57/mo
• Projected year-2 tax: $730 · $61/mo
• Expected delta: +$48/yr (+$4/mo · 7.1%)

ⓘ 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 3/10 Moderate 7 d/yr ≥93°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: $17,209
• − Mortgage interest: −$2,795
• − Property taxes: −$682
• − Insurance: −$250
• − Repairs & maintenance: −$1,377
• − Management: −$1,377
• − Depreciation: −$1,452
• Taxable income: $9,277
• Est. tax owed @ 24.0%: −$2,227
• After-tax cash flow: $7,297/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
• City population: 31,076
• 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

+143.4% since first listed

17 events — show timeline

• 2026-01-30 Pending — MLSNOW
• 2026-01-08 Listed $49,900 MLSNOW
• 2018-03-30 Sold (Public Records) $15,000 Public Records
• 2011-02-09 Listing Removed — MLSNOW
• 2010-11-09 Listed $39,900 MLSNOW
• 2010-10-30 Listing Removed — MLSNOW
• 2010-04-30 Listed $39,900 MLSNOW
• 2003-02-06 Sold (MLS) $33,000 MLSNOW
• 2003-02-05 Sold (Public Records) $33,000 Public Records
• 2003-02-03 Listing Removed — MLSNOW
• 2002-12-20 Sold (Public Records) $30,000 Public Records
• 2002-11-04 Listed $39,900 MLSNOW
• 2000-05-26 Sold (Public Records) $53,000 Public Records
• 1999-07-09 Listing Removed — MLSNOW
• 1999-01-09 Listed $57,900 MLSNOW
• 1995-09-11 Sold (Public Records) $17,000 Public Records
• 1991-09-03 Sold (Public Records) $20,500 Public Records

Property tax history

-2.5%/yr

Latest (2025): $682 · +22.2% YoY. Source: county tax records.