2679 Walnut Blvd · Ashtabula, OH 44004

$315,000

4 bd · 1.5 ba · 2,192 sqft · SingleFamily public records · 5 Days on market

Built 1932 5,806 sqft lot Est $248k · 27% over

---

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 +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

Key facts

• 5,806 sq ft lot
• 3 garage spots
• Built 1932

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $2k ($26k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $315k).
• Cap rate 14.4% 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: 169 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 $9k 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 $88k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 25y 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 1932 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $315,000

Questions for the listing agent

1. Built in 1932 — 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: 1.70% ✓
• Cap rate: 14.40%
• Cash-on-cash: 28.95%
• DSCR: 2.29
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $247,696
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1015 Allen Ave	0.42mi	4/2.5	2,415 (+10%)	9mo	$227,000	$94	52
717 Allen Ave	0.38mi	4/2.0	1,907 (-13%)	15mo	$213,000	$112	46
1024 Norwood Dr	0.22mi	4/3.5	1,875 (-14%)	16mo	$212,000	$113	45
1219 Union Ave	0.45mi	4/1.5	1,904 (-13%)	19mo	$215,000	$113	41

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: 23.3%
• Equity multiple: 1.96×
• Total profit: $84,529
• Equity at exit: $46,968

10-year hold

• IRR: 31.2%
• Equity multiple: 3.81×
• Total profit: $248,255
• Equity at exit: $27,235

Cash invested: $88,200 (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: 4.9×

Monthly cashflow live

• Estimated rent: $5,341 medium
• Mortgage (P&I): −$1,652
• Tax from tax record: −$308 /mo · $3,697/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,122
• Net cashflow: $2,128

Break-even live

Break-even rent $2,647

Max offer price $315,000

Occupancy floor 55%

Sensitivity live

Price	-10% $2,306	-5% $2,217	+0% $2,128	+5% $2,039	+10% $1,950
Rent	-10% $1,706	-5% $1,917	+0% $2,128	+5% $2,339	+10% $2,550
Rate	-1.0pp $2,287	-0.5pp $2,208	base $2,128	+0.5pp $2,047	+1.0pp $1,964

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: $78,750
• Closing costs: $9,450
• 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	44d	1	0.36mi

Listing history 20 events

1. 2026-04-06
   status Pending
2. 2026-04-05
   historical Contingent
3. 2026-04-01
   listed $315,000 Active
4. 2023-06-02
   historical 708-char remark

   Show marketing remark (708 chars)

   Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

5. 2023-06-02
   soldstatus $310,000

   Show marketing remark (708 chars)

   Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

6. 2023-06-01
   soldstatus $310,000 Closed 708-char remark

   Show marketing remark (708 chars)

   Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

7. 2023-05-23
   status Pending 708-char remark

   Show marketing remark (708 chars)

   Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

8. 2023-04-28
   historical Contingent 708-char remark

   Show marketing remark (708 chars)

   Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

9. 2023-04-25
   status Active 708-char remark

   Show marketing remark (708 chars)

   Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

10. 2023-04-24
    status Pending 708-char remark

    Show marketing remark (708 chars)

    Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

11. 2023-04-21
    listed $313,000 Active 708-char remark

    Show marketing remark (708 chars)

    Gorgeous 3-bedroom, 2-bath brick beauty on Walnut Boulevard. Three lots total . 39-acres of Lake Erie views. Kitchen with morning room and views of the Lake. Main floor office and formal dining room. Sunny living room. Very well maintained home with so much charm. Single panel wood doors with glass knobs, rounded doorways, hardwood floors, brick gas fireplace. Views from 5 rooms of Lake Erie. The 2nd floor sleeping porch with lake views will win you over. 3rd floor bonus room. Newer full bath with shower on the lower level. All appliances (excluding freezer) are included as well as 12-month home warranty. 1-mile to Walnut Beach and Bridge Street restaurants, shops and festivals and Lake Erie access.

12. 2003-12-15
    historical
13. 2003-12-05
    soldstatus $142,500
14. 2003-12-05
    soldstatus $142,500
15. 2003-06-09
    listed $110,000
16. 2003-03-06
    listed $149,900
17. 2003-02-28
    historical
18. 2001-12-07
    listed $149,900
19. 2001-11-15
    historical
20. 2001-05-31
    listed $180,000

ⓘ 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: $3,697 · $308/mo
• Projected year-2 tax: $4,305 · $359/mo
• Expected delta: +$609/yr (+$51/mo · 16.5%)

ⓘ 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 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 · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $64,092
• − Mortgage interest: −$17,645
• − Property taxes: −$3,697
• − Insurance: −$1,575
• − Repairs & maintenance: −$5,127
• − Management: −$5,127
• − Depreciation: −$9,164
• Taxable income: $21,757
• Est. tax owed @ 24.0%: −$5,222
• After-tax cash flow: $20,316/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

+75.0% since first listed

20 events — show timeline

• 2026-04-06 Pending — MLSNOW
• 2026-04-05 Contingent — MLSNOW
• 2026-04-01 Listed $315,000 MLSNOW
• 2023-06-02 Listing Removed — MLSNOW
• 2023-06-02 Sold (Public Records) $310,000 Public Records
• 2023-06-01 Sold (MLS) $310,000 MLSNOW
• 2023-05-23 Pending — MLSNOW
• 2023-04-28 Contingent — MLSNOW
• 2023-04-25 Relisted — MLSNOW
• 2023-04-24 Pending — MLSNOW
• 2023-04-21 Listed $313,000 MLSNOW
• 2003-12-15 Listing Removed — MLSNOW
• 2003-12-05 Sold (Public Records) $142,500 Public Records
• 2003-12-05 Sold (MLS) $142,500 MLSNOW
• 2003-06-09 Listed $110,000 MLSNOW
• 2003-03-06 Listed $149,900 MLSNOW
• 2003-02-28 Listing Removed — MLSNOW
• 2001-12-07 Listed $149,900 MLSNOW
• 2001-11-15 Listing Removed — MLSNOW
• 2001-05-31 Listed $180,000 MLSNOW

Property tax history

+6.1%/yr

Latest (2025): $3,697 · -0.2% YoY. Source: county tax records.