26 Daniels Ave · Conneaut, OH 44030

$112,000

3 bd · 1.0 ba · 1,382 sqft · SingleFamily · 19 Days on market

Built 1890 9.10 ac lot $81/sqft · 33% below area Est $167k · 33% under

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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 +17.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.6/10.0
• 1% rule +4.8/10.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

1800's Farmhouse set on 9+/- acres with city water and easy access to Rte 7 and I-90 interchange. Recently replaced roof, many replacements windows, 1st floor bath and laundry. Coal burner in the foyer is the main source of heat for the home. Visible signs of water damage on the 2nd floor were from roof leaks prior to roof shingles being replaced. Lots of possibilities, lots of property, not a lot of money!

Key facts

• Easy access to rte 7
• 9 acres
• Easy access to i-90

Tags

• 9 ACRES
• CITY WATER
• EASY ACCESS TO RTE 7
• EASY ACCESS TO I-90
• REPLACED ROOF
• REPLACEMENT WINDOWS

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Septic tank
• Home design: Two-story home; Shingle siding
• Construction: Asphalt/fiberglass roof; Stone foundation; Built (year per public records)
• Exterior features: Barn(s)

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: Second-floor bedrooms (3)
• Flooring: Carpet in dining room, kitchen, and living room
• Bathrooms: One full bathroom (first floor)
• Heating & cooling: Coal heating
• Interior features: Double pane windows; Unfinished basement
• Laundry & utility: Laundry in kitchen on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $112k.

Deal economics

• At list price, monthly cash flow is $93 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $110k (2.0% below list).
• Recommended offer: $110k (2.0% below list) — sets the bar for 1% rule.
• Cap rate 7.3% 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 $774 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y 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.

Risks & watch-outs

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

Recommended offer $109,728 (2.0% 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: 0.98% ✗
• Cap rate: 7.29%
• Cash-on-cash: 3.55%
• DSCR: 1.16
• GRM: 8.5

CMA / ARV

• ARV (median comp): $167,335
• List price: $112,000
• Delta: -33.07%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
919 Lincoln Dr	0.54mi	3/2.5	1,253 (-9%)	8mo	$111,000	$89	46
920 Lincoln Dr	0.57mi	3/2.0	1,247 (-10%)	10mo	$189,000	$152	44
261 Bloor St	0.73mi	3/1.5	1,202 (-13%)	14mo	$154,900	$129	30
117 Cummins Ave	0.60mi	2/1.0 (-1)	1,202 (-13%)	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: -10.7%
• Equity multiple: 0.61×
• Total profit: $-12,219
• Equity at exit: $16,700

10-year hold

• IRR: -1.4%
• Equity multiple: 0.91×
• Total profit: $-2,958
• Equity at exit: $9,684

Cash invested: $31,360 (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: 8.5×

Monthly cashflow live

• Estimated rent: $1,097 medium
• Mortgage (P&I): −$587
• Tax est. 1.5%: −$140 /mo · $1,680/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $93

Break-even live

Break-even rent $980

Max offer price $112,000

Occupancy floor 87%

Sensitivity live

Price	-10% $170	-5% $132	+0% $93	+5% $54	+10% $15
Rent	-10% $6	-5% $50	+0% $93	+5% $136	+10% $180
Rate	-1.0pp $149	-0.5pp $121	base $93	+0.5pp $64	+1.0pp $34

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: $28,000
• Closing costs: $3,360
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-03
   status $112,000 Pending 19 DOM
2. 2026-06-02
   days on market $112,000 Active 19 DOM
3. 2026-06-01
   days on market $112,000 Active 18 DOM
4. 2026-05-31
   days on market $112,000 Active 17 DOM
5. 2026-05-11
   listed $112,000 Active 410-char remark
6. 2014-04-03
   historical
7. 2012-04-03
   listed $69,500
8. 2011-11-11
   historical
9. 2011-05-10
   listed $75,000
10. 2011-02-05
    historical
11. 2010-08-05
    listed $89,500

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $13,167
• − Mortgage interest: −$6,274
• − Property taxes: −$1,680
• − Insurance: −$560
• − Repairs & maintenance: −$1,053
• − Management: −$1,053
• − Depreciation: −$3,258
• Taxable loss: −$711
• Est. tax savings @ 24.0%: +$171
• After-tax cash flow: $1,285/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: 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

+25.1% since first listed

8 events — show timeline

• 2026-06-03 Pending — MLSNOW
• 2026-05-11 Listed $112,000 MLSNOW
• 2014-04-03 Listing Removed — MLSNOW
• 2012-04-03 Listed $69,500 MLSNOW
• 2011-11-11 Listing Removed — MLSNOW
• 2011-05-10 Listed $75,000 MLSNOW
• 2011-02-05 Listing Removed — MLSNOW
• 2010-08-05 Listed $89,500 MLSNOW