1802 Lyndon Ave · Ashtabula, OH 44004

$255,000

3 bd · 2.0 ba · 2,008 sqft · SingleFamily public records · 27 Days on market

Built 1954 7,840 sqft lot Est $221k · 15% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• ARV discount +0.5/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

Key facts

• 7,840 sq ft lot
• 2 garage spots
• Built 1954

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $3k ($31k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $255k).
• Recommended offer: $251k (1.5% below list) — sets the bar for market timing.
• Cap rate 18.4% 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; 1 comparable units currently listed for rent nearby; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• At $5,341/mo this rent would consume 129% 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 $2k of loan paydown is wiped out by about $8k 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 $71k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 $88k; list at $255k implies a 190% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $251,175 (1.5% below list)

Questions for the listing agent

1. Built in 1954 — 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: 2.09% ✓
• Cap rate: 18.42%
• Cash-on-cash: 43.32%
• DSCR: 2.93
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $220,880
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1802 Lyndon Ave	0.00mi	3/2.0	2,008 (0%)	14mo	$87,900	$44	88
1814 Allen Ave	0.08mi	4/2.0 (+1)	1,851 (-8%)	12mo	$140,000	$76	68
2684 Burlingham Dr	0.53mi	4/2.0 (+1)	1,830 (-9%)	2mo	$135,500	$74	54
1537 Ohio Ave	0.23mi	3/1.5	1,793 (-11%)	23mo	$195,000	$109	50
1219 Union Ave	0.44mi	4/1.5 (+1)	1,904 (-5%)	19mo	$215,000	$113	48
2120 Deerfield Dr	0.41mi	4/2.5 (+1)	2,267 (+13%)	10mo	$249,900	$110	44
1045 Norman Ave	0.52mi	3/2.0	1,709 (-15%)	15mo	$269,000	$157	38
2424 Deerfield Dr	0.52mi	4/2.5 (+1)	2,212 (+10%)	17mo	$260,000	$118	38
1024 Norwood Dr	0.69mi	4/3.5 (+1)	1,875 (-7%)	15mo	$212,000	$113	33

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: 40.2%
• Equity multiple: 2.72×
• Total profit: $122,833
• Equity at exit: $38,021

10-year hold

• IRR: 46.5%
• Equity multiple: 5.46×
• Total profit: $318,354
• Equity at exit: $22,048

Cash invested: $71,400 (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: 4.0×

Monthly cashflow live

• Estimated rent: $5,341 medium
• Mortgage (P&I): −$1,337
• Tax from tax record: −$199 /mo · $2,384/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,122
• Net cashflow: $2,577

Break-even live

Break-even rent $2,079

Max offer price $255,000

Occupancy floor 47%

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1036 Union Ave Unit 1496086P Ashtabula, OH	3.0	1.0	1496	$5,341	$3.57	43d	1	0.51mi

Listing history 28 events

1. 2026-06-18
   days on market $255,000 Active 27 DOM
2. 2026-06-17
   days on market $255,000 Active 26 DOM
3. 2026-06-16
   days on market $255,000 Active 25 DOM
4. 2026-06-15
   days on market $255,000 Active 24 DOM
5. 2026-06-13
   days on market $255,000 Active 22 DOM
6. 2026-06-12
   days on market $255,000 Active 21 DOM
7. 2026-06-09
   days on market $255,000 Active 18 DOM
8. 2026-06-09
   price $255,000 Active 17 DOM
9. 2026-06-08
   days on market $264,900 Active 17 DOM
10. 2026-06-07
    days on market $264,900 Active 16 DOM
11. 2026-06-07
    days on market $264,900 Active 15 DOM
12. 2026-06-04
    days on market $264,900 Active 12 DOM
13. 2026-06-02
    days on market $264,900 Active 11 DOM
14. 2026-06-01
    days on market $264,900 Active 10 DOM
15. 2026-05-31
    days on market $264,900 Active 9 DOM
16. 2026-05-22
    listed $264,900 Active
17. 2025-04-14
    soldstatus $87,900 Closed 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

18. 2025-03-28
    status Pending 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

19. 2025-03-28
    status Active 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

20. 2025-03-10
    status Pending 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

21. 2025-02-21
    price $84,900 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

22. 2025-01-28
    price $89,900 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

23. 2024-12-10
    price $99,900 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

24. 2024-11-08
    price $104,900 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

25. 2024-10-08
    price $109,900 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

26. 2024-09-12
    price $114,900 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

27. 2024-08-10
    price $124,900 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

28. 2024-06-27
    listed $134,900 Active 282-char remark

    Show marketing remark (282 chars)

    Great opportunity! This home features an over sized family room with a fireplace that leads out to a 3 season porch. There are 3 bedrooms. One bedroom features a bathroom suite. While the other has a built in bunk beds and storage. There is lot of space in this home. Come and see!

ⓘ 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: $2,384 · $199/mo
• Projected year-2 tax: $3,181 · $265/mo
• Expected delta: +$797/yr (+$66/mo · 33.4%)

ⓘ 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: $64,092
• − Mortgage interest: −$14,284
• − Property taxes: −$2,384
• − Insurance: −$1,275
• − Repairs & maintenance: −$5,127
• − Management: −$5,127
• − Depreciation: −$7,418
• Taxable income: $28,477
• Est. tax owed @ 24.0%: −$6,834
• After-tax cash flow: $24,093/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

+96.4% since first listed

13 events — show timeline

• 2026-05-22 Listed $264,900 MLSNOW
• 2025-04-14 Sold (MLS) $87,900 MLSNOW
• 2025-03-28 Pending — MLSNOW
• 2025-03-28 Relisted — MLSNOW
• 2025-03-10 Pending — MLSNOW
• 2025-02-21 Price Changed $84,900 MLSNOW
• 2025-01-28 Price Changed $89,900 MLSNOW
• 2024-12-10 Price Changed $99,900 MLSNOW
• 2024-11-08 Price Changed $104,900 MLSNOW
• 2024-10-08 Price Changed $109,900 MLSNOW
• 2024-09-12 Price Changed $114,900 MLSNOW
• 2024-08-10 Price Changed $124,900 MLSNOW
• 2024-06-27 Listed $134,900 MLSNOW

Property tax history

+4.2%/yr

Latest (2025): $2,384 · -0.2% YoY. Source: county tax records.