612 Thayer Ave · Ashtabula, OH 44004

$162,000

2 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 14 Days on market

Built 1919 7,405 sqft lot Est $152k · 6% over

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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 +4.7/15.0
• 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 MLS

This 3 bedroom 1.5 bath Ashtabula Harbor Cape Cod is only steps away from scenic Walnut Beach and the exciting Bridge Street Entertainment and Historical District. The property has been renovated (2023) to offer modern conveniences and style. The exterior features a brand-new concrete driveway, a 1.5-car garage with new vinyl siding, garage door/opener, and professional landscaping to add even more curb appeal. The new central air unit provides comfort after a day at the beach. The interior renovations combine classic restorations with sleek new materials. The original natural woodwork was restored to its former glory. The custom living room shiplap feature wall is modern and sleek. The kitchen features a brand new upgraded stainless steel appliances package, farmhouse sink, hydropower temp-indicating water fixture custom tile backsplash, and beautiful granite countertops. The grey luxury vinyl plank is sleek and modern and the wood-style vinyl plank brings back the original charm. The 1st floor laundry and half bath have been added for convenience. The 2nd floor full bath offers everything new with a custom tile shower enclosure. This is your chance to make the harbor your home and live by the beach. This beautifully renovated home is located 0.8 miles west from the historical lift bridge, and 0.8 miles south of walnut beach park.

Key facts

• Large farmhouse sink
• Remodeled main bath
• Granite countertops

Tags

• REMODELED MAIN BATH
• HIGH-QUALITY MODERN APPLIANCES
• GRANITE COUNTERTOPS
• LARGE FARMHOUSE SINK
• CUSTOM TILE BACKSPLASH
• OPEN-CONCEPT SHELVING

Property features AI

Finance

• HOA & community: Community has laundry facilities, playground and park

Exterior

• Parking: Detached garage (1 car) with electricity and garage door opener; Paved parking; garage faces rear
• Utilities: Public water; Public sewer
• Home design: Updated/remodeled condition
• Construction: Vinyl siding; Asphalt/fiberglass roof; Full unfinished basement
• Exterior features: Enclosed porch; Patio; Porch; Backyard; Front yard; Landscaped, flat and level lot; Sidewalks nearby

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: One main-level bedroom
• Bathrooms: One full bathroom; One half bathroom; Main-level bathroom present
• Heating & cooling: Electric baseboard heating; Central air conditioning
• Interior features: Granite counters; Drapes and window coverings
• Laundry & utility: Washer and dryer inside on the main level (see remarks)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $162k.

Deal economics

• At list price, monthly cash flow is $1k ($18k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $162k).
• Cap rate 17.3% 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: 169 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• At $3,126/mo this rent would consume 76% of the median local household income ($50k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 $45k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 3y 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 1919 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $162,000

Questions for the listing agent

1. Built in 1919 — 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: 1.93% ✓
• Cap rate: 17.33%
• Cash-on-cash: 39.42%
• DSCR: 2.75
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $152,352
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
612 Thayer Ave	0.00mi	3/1.5 (+1)	1,104 (0%)	1mo	$158,000	$143	92
710 Myrtle Ave	0.09mi	2/1.0	992 (-10%)	5mo	$105,000	$106	75
1821 W 8th St	0.11mi	3/1.0 (+1)	1,234 (+12%)	5mo	$118,000	$96	66
1651 W 3rd St	0.31mi	3/1.0 (+1)	1,025 (-7%)	5mo	$90,000	$88	64
1128 Myrtle Ave	0.45mi	3/1.0 (+1)	1,160 (+5%)	2mo	$159,900	$138	64
1811 W 6th St	0.11mi	3/1.5 (+1)	1,248 (+13%)	4mo	$125,000	$100	62
809 Norman Ave	0.33mi	2/1.0	976 (-12%)	8mo	$164,000	$168	58
1627 W 6th St	0.25mi	2/1.0	938 (-15%)	7mo	$159,900	$170	57
1115 Myrtle Ave	0.43mi	3/1.5 (+1)	1,184 (+7%)	5mo	$68,000	$57	56
1307 W 9th St	0.58mi	3/1.0 (+1)	1,170 (+6%)	4mo	$56,999	$49	54
1403 Ohio Ave	0.61mi	2/1.0	1,008 (-9%)	5mo	$140,000	$139	53
2543 Burlingham Dr	0.57mi	3/2.0 (+1)	1,150 (+4%)	7mo	$170,000	$148	51

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: 35.7%
• Equity multiple: 2.51×
• Total profit: $68,606
• Equity at exit: $24,155

10-year hold

• IRR: 42.4%
• Equity multiple: 5.01×
• Total profit: $181,777
• Equity at exit: $14,007

Cash invested: $45,360 (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 44004

• Home prices YoY: -30.5%
• Active inventory: 169
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $3,126 medium
• Mortgage (P&I): −$850
• Tax from tax record: −$63 /mo · $752/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$656
• Net cashflow: $1,490

Break-even live

Break-even rent $1,240

Max offer price $162,000

Occupancy floor 47%

Sensitivity live

Price	-10% $1,582	-5% $1,536	+0% $1,490	+5% $1,444	+10% $1,398
Rent	-10% $1,243	-5% $1,366	+0% $1,490	+5% $1,613	+10% $1,737
Rate	-1.0pp $1,572	-0.5pp $1,531	base $1,490	+0.5pp $1,448	+1.0pp $1,405

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: $40,500
• Closing costs: $4,860
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1115 Myrtle Ave Ashtabula, OH	3.0	1.5	1184	$1,600	$1.35	44d	1	0.41mi
1036 Union Ave Unit 1496086P Ashtabula, OH	3.0	1.0	1496	$5,341	$3.57	44d	1	0.47mi

Listing history 12 events

1. 2026-05-09
   status Pending
2. 2026-04-29
   historical Contingent
3. 2026-04-25
   listed $162,000 Active
4. 2023-12-29
   soldstatus $148,000 Closed 1353-char remark

   Show marketing remark (1353 chars)

   This 3 bedroom 1.5 bath Ashtabula Harbor Cape Cod is only steps away from scenic Walnut Beach and the exciting Bridge Street Entertainment and Historical District. The property has been renovated (2023) to offer modern conveniences and style. The exterior features a brand-new concrete driveway, a 1.5-car garage with new vinyl siding, garage door/opener, and professional landscaping to add even more curb appeal. The new central air unit provides comfort after a day at the beach. The interior renovations combine classic restorations with sleek new materials. The original natural woodwork was restored to its former glory. The custom living room shiplap feature wall is modern and sleek. The kitchen features a brand new upgraded stainless steel appliances package, farmhouse sink, hydropower temp-indicating water fixture custom tile backsplash, and beautiful granite countertops. The grey luxury vinyl plank is sleek and modern and the wood-style vinyl plank brings back the original charm. The 1st floor laundry and half bath have been added for convenience. The 2nd floor full bath offers everything new with a custom tile shower enclosure. This is your chance to make the harbor your home and live by the beach. This beautifully renovated home is located 0.8 miles west from the historical lift bridge, and 0.8 miles south of walnut beach park.

5. 2023-12-29
   soldstatus $148,000

   Show marketing remark (1353 chars)

   This 3 bedroom 1.5 bath Ashtabula Harbor Cape Cod is only steps away from scenic Walnut Beach and the exciting Bridge Street Entertainment and Historical District. The property has been renovated (2023) to offer modern conveniences and style. The exterior features a brand-new concrete driveway, a 1.5-car garage with new vinyl siding, garage door/opener, and professional landscaping to add even more curb appeal. The new central air unit provides comfort after a day at the beach. The interior renovations combine classic restorations with sleek new materials. The original natural woodwork was restored to its former glory. The custom living room shiplap feature wall is modern and sleek. The kitchen features a brand new upgraded stainless steel appliances package, farmhouse sink, hydropower temp-indicating water fixture custom tile backsplash, and beautiful granite countertops. The grey luxury vinyl plank is sleek and modern and the wood-style vinyl plank brings back the original charm. The 1st floor laundry and half bath have been added for convenience. The 2nd floor full bath offers everything new with a custom tile shower enclosure. This is your chance to make the harbor your home and live by the beach. This beautifully renovated home is located 0.8 miles west from the historical lift bridge, and 0.8 miles south of walnut beach park.

6. 2023-12-05
   status Pending 1353-char remark

   Show marketing remark (1353 chars)

   This 3 bedroom 1.5 bath Ashtabula Harbor Cape Cod is only steps away from scenic Walnut Beach and the exciting Bridge Street Entertainment and Historical District. The property has been renovated (2023) to offer modern conveniences and style. The exterior features a brand-new concrete driveway, a 1.5-car garage with new vinyl siding, garage door/opener, and professional landscaping to add even more curb appeal. The new central air unit provides comfort after a day at the beach. The interior renovations combine classic restorations with sleek new materials. The original natural woodwork was restored to its former glory. The custom living room shiplap feature wall is modern and sleek. The kitchen features a brand new upgraded stainless steel appliances package, farmhouse sink, hydropower temp-indicating water fixture custom tile backsplash, and beautiful granite countertops. The grey luxury vinyl plank is sleek and modern and the wood-style vinyl plank brings back the original charm. The 1st floor laundry and half bath have been added for convenience. The 2nd floor full bath offers everything new with a custom tile shower enclosure. This is your chance to make the harbor your home and live by the beach. This beautifully renovated home is located 0.8 miles west from the historical lift bridge, and 0.8 miles south of walnut beach park.

7. 2023-11-10
   price $154,900 1353-char remark

   Show marketing remark (1353 chars)

   This 3 bedroom 1.5 bath Ashtabula Harbor Cape Cod is only steps away from scenic Walnut Beach and the exciting Bridge Street Entertainment and Historical District. The property has been renovated (2023) to offer modern conveniences and style. The exterior features a brand-new concrete driveway, a 1.5-car garage with new vinyl siding, garage door/opener, and professional landscaping to add even more curb appeal. The new central air unit provides comfort after a day at the beach. The interior renovations combine classic restorations with sleek new materials. The original natural woodwork was restored to its former glory. The custom living room shiplap feature wall is modern and sleek. The kitchen features a brand new upgraded stainless steel appliances package, farmhouse sink, hydropower temp-indicating water fixture custom tile backsplash, and beautiful granite countertops. The grey luxury vinyl plank is sleek and modern and the wood-style vinyl plank brings back the original charm. The 1st floor laundry and half bath have been added for convenience. The 2nd floor full bath offers everything new with a custom tile shower enclosure. This is your chance to make the harbor your home and live by the beach. This beautifully renovated home is located 0.8 miles west from the historical lift bridge, and 0.8 miles south of walnut beach park.

8. 2023-10-12
   listed $164,900 Active 1353-char remark

   Show marketing remark (1353 chars)

   This 3 bedroom 1.5 bath Ashtabula Harbor Cape Cod is only steps away from scenic Walnut Beach and the exciting Bridge Street Entertainment and Historical District. The property has been renovated (2023) to offer modern conveniences and style. The exterior features a brand-new concrete driveway, a 1.5-car garage with new vinyl siding, garage door/opener, and professional landscaping to add even more curb appeal. The new central air unit provides comfort after a day at the beach. The interior renovations combine classic restorations with sleek new materials. The original natural woodwork was restored to its former glory. The custom living room shiplap feature wall is modern and sleek. The kitchen features a brand new upgraded stainless steel appliances package, farmhouse sink, hydropower temp-indicating water fixture custom tile backsplash, and beautiful granite countertops. The grey luxury vinyl plank is sleek and modern and the wood-style vinyl plank brings back the original charm. The 1st floor laundry and half bath have been added for convenience. The 2nd floor full bath offers everything new with a custom tile shower enclosure. This is your chance to make the harbor your home and live by the beach. This beautifully renovated home is located 0.8 miles west from the historical lift bridge, and 0.8 miles south of walnut beach park.

9. 2023-04-14
   soldstatus $44,500 Closed 393-char remark

   Show marketing remark (393 chars)

   Three bed, one bath Cape Cod minutes from Walnut beach and Ashtabula Harbor! This property has great bones. Features includes, new vinyl siding, enclosed porch, garage, nice layout, and all bedrooms are nicely sized. All this property needs is someone that is ready to put some sweat equity in and bring their imagination to life! Perfect for those looking for a fixer-upper to make their own.

10. 2023-04-14
    soldstatus $44,500

    Show marketing remark (393 chars)

    Three bed, one bath Cape Cod minutes from Walnut beach and Ashtabula Harbor! This property has great bones. Features includes, new vinyl siding, enclosed porch, garage, nice layout, and all bedrooms are nicely sized. All this property needs is someone that is ready to put some sweat equity in and bring their imagination to life! Perfect for those looking for a fixer-upper to make their own.

11. 2023-04-04
    status Pending 393-char remark

    Show marketing remark (393 chars)

    Three bed, one bath Cape Cod minutes from Walnut beach and Ashtabula Harbor! This property has great bones. Features includes, new vinyl siding, enclosed porch, garage, nice layout, and all bedrooms are nicely sized. All this property needs is someone that is ready to put some sweat equity in and bring their imagination to life! Perfect for those looking for a fixer-upper to make their own.

12. 2023-03-28
    listed $49,900 Active 393-char remark

    Show marketing remark (393 chars)

    Three bed, one bath Cape Cod minutes from Walnut beach and Ashtabula Harbor! This property has great bones. Features includes, new vinyl siding, enclosed porch, garage, nice layout, and all bedrooms are nicely sized. All this property needs is someone that is ready to put some sweat equity in and bring their imagination to life! Perfect for those looking for a fixer-upper to make their own.

ⓘ 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: $752 · $63/mo
• Projected year-2 tax: $1,640 · $137/mo
• Expected delta: +$888/yr (+$74/mo · 118.1%)

ⓘ 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 · 17 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: $37,514
• − Mortgage interest: −$9,075
• − Property taxes: −$752
• − Insurance: −$810
• − Repairs & maintenance: −$3,001
• − Management: −$3,001
• − Depreciation: −$4,713
• Taxable income: $16,162
• Est. tax owed @ 24.0%: −$3,879
• After-tax cash flow: $14,000/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

+224.6% since first listed

12 events — show timeline

• 2026-05-09 Pending — MLSNOW
• 2026-04-29 Contingent — MLSNOW
• 2026-04-25 Listed $162,000 MLSNOW
• 2023-12-29 Sold (Public Records) $148,000 Public Records
• 2023-12-29 Sold (MLS) $148,000 MLSNOW
• 2023-12-05 Pending — MLSNOW
• 2023-11-10 Price Changed $154,900 MLSNOW
• 2023-10-12 Listed $164,900 MLSNOW
• 2023-04-14 Sold (Public Records) $44,500 Public Records
• 2023-04-14 Sold (MLS) $44,500 MLSNOW
• 2023-04-04 Pending — MLSNOW
• 2023-03-28 Listed $49,900 MLSNOW

Property tax history

-0.8%/yr

Latest (2025): $752 · -2.5% YoY. Source: county tax records.