3583 Austin Rd #49 · Geneva, OH 44041

$68,400

4 bd · 2.0 ba · 1,344 sqft · SingleFamily · 46 Days on market

Built 1975 Good condition $51/sqft · at area comps Est $68k · at est.

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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
• Schools +4.7/10.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Featuring all-new siding, energy-efficient windows, stylish flooring, and fresh paint throughout, all that's left is for you to move in! With major exterior and interior improvements already completed, you can enjoy peace of mind and low-maintenance living from day one. Don’t miss your opportunity to own a renovated home in an easy living community!

Key facts

• All-new siding
• Fresh paint
• Stylish flooring

Tags

• ALL-NEW SIDING
• ENERGY-EFFICIENT WINDOWS
• STYLISH FLOORING
• FRESH PAINT
• MAJOR EXTERIOR IMPROVEMENTS
• MAJOR INTERIOR IMPROVEMENTS

Property features AI

Finance

• Financial info: Land lease payment of $470
• HOA & community: Land lease required

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; Owner-reported year built
• Construction: Vinyl siding construction; Aluminum and elastomeric roof
• Exterior features: Vinyl siding

Interior

• Kitchen: Range
• Bedrooms: 4 main-level bedrooms
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Forced-air gas heating; Ceiling fan cooling
• Interior features: Ceiling fans

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $68k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $751 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $68k).
• Recommended offer: $66k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.5% vs local median 4.5% 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: 88 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 $473 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 46 days — a 3% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Recommended offer $66,348 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 2.26% ✓
• Cap rate: 19.47%
• Cash-on-cash: 47.06%
• DSCR: 3.09
• GRM: 3.7

CMA / ARV

• ARV (median comp): $68,392
• List price: $68,400
• Delta: 0.01%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3583 Austin Rd #24	0.12mi	3/2.0 (-1)	1,344 (0%)	4mo	$69,560	$52	86
3583 Austin Rd #97	0.12mi	3/2.0 (-1)	1,296 (-4%)	13mo	$69,900	$54	73
3669 N Broadway	0.40mi	3/1.0 (-1)	1,356 (+1%)	5mo	$157,250	$116	67
3651 Austin Dr Unit N7	0.12mi	3/2.0 (-1)	1,216 (-10%)	11mo	$59,400	$49	64
3600 N Broadway	0.29mi	3/1.5 (-1)	1,255 (-7%)	11mo	$175,000	$139	59
4838 E Maple Rd	0.56mi	3/1.0 (-1)	1,348 (+0%)	14mo	$165,000	$122	52
3583 Austin #140	0.12mi	3/2.0 (-1)	1,493 (+11%)	23mo	$101,304	$68	52
3511 Austin Rd	0.18mi	5/1.5 (+1)	1,540 (+15%)	18mo	$200,000	$130	45
760 Millwood Dr	0.66mi	3/2.0 (-1)	1,415 (+5%)	15mo	$230,000	$163	43
830 Millwood Dr	0.66mi	3/2.0 (-1)	1,200 (-11%)	8mo	$204,000	$170	39
685 Millwood Dr	0.62mi	3/2.0 (-1)	1,530 (+14%)	10mo	$248,000	$162	35

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: 44.4%
• Equity multiple: 2.92×
• Total profit: $36,772
• Equity at exit: $10,199

10-year hold

• IRR: 50.4%
• Equity multiple: 5.89×
• Total profit: $93,707
• Equity at exit: $5,914

Cash invested: $19,152 (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: 88
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,549 medium
• Mortgage (P&I): −$359
• Tax est. 1.5%: −$86 /mo · $1,026/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $751

Break-even live

Break-even rent $598

Max offer price $68,400

Occupancy floor 47%

Sensitivity live

Price	-10% $798	-5% $775	+0% $751	+5% $727	+10% $704
Rent	-10% $629	-5% $690	+0% $751	+5% $812	+10% $873
Rate	-1.0pp $785	-0.5pp $768	base $751	+0.5pp $733	+1.0pp $715

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: $17,100
• Closing costs: $2,052
• 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	44d	1	1.34mi

Listing history 16 events

1. 2026-06-21
   days on market $68,400 Active 46 DOM
2. 2026-06-18
   days on market $68,400 Active 44 DOM
3. 2026-06-17
   days on market $68,400 Active 43 DOM
4. 2026-06-16
   days on market $68,400 Active 42 DOM
5. 2026-06-15
   days on market $68,400 Active 41 DOM
6. 2026-06-13
   days on market $68,400 Active 39 DOM
7. 2026-06-12
   days on market $68,400 Active 38 DOM
8. 2026-06-09
   days on market $68,400 Active 35 DOM
9. 2026-06-08
   days on market $68,400 Active 34 DOM
10. 2026-06-08
    days on market $68,400 Active 33 DOM
11. 2026-06-07
    days on market $68,400 Active 32 DOM
12. 2026-06-04
    days on market $68,400 Active 29 DOM
13. 2026-06-02
    days on market $68,400 Active 28 DOM
14. 2026-06-01
    days on market $68,400 Active 27 DOM
15. 2026-05-31
    days on market $68,400 Active 26 DOM
16. 2026-05-05
    listed $68,400 Active 357-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: −$3,831
• − Property taxes: −$1,026
• − Insurance: −$342
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$1,990
• Taxable income: $8,425
• Est. tax owed @ 24.0%: −$2,022
• After-tax cash flow: $6,990/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 · 24 photos

Good 80/100 Cosmetic rehab

This home is move-in ready with recent cosmetic renovations, including new siding, windows, and interior finishes, making it an attractive option for both resale and rental markets.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both smart home integration — increases appeal and convenience
• Both smart thermostat — improves energy efficiency and comfort

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both smart home integration — increases appeal and convenience ↑
• Both smart thermostat — improves energy efficiency and comfort ↑

ⓘ 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

• 2026-05-05 Listed $68,400 MLSNOW