530 W Main St · Geneva, OH 44041

$185,000

3 bd · 1.0 ba · 1,526 sqft · SingleFamily public records · 6 Days on market

Built 1900 9,718 sqft lot Est $186k · at est.

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Why this score? — see what drove the D 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 +13.6/30.0
• ARV discount +7.8/15.0
• Schools +4.7/10.0
• DSCR +4.1/10.0
• Livability +3.7/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this Charming and updated colonial home that is awaiting its new owners. This home has gorgeous cub appeal with a classic and inviting porch to enjoy your morning coffee. As you enter you will notice an open concept and very spacious living room with newer carpet and an abundance of natural sunlight shining through. The dining room and kitchen have been fully updated with laminate flooring, soft close white cabinets and wrap around back splash. All appliances stay. All three bedrooms are on the second floor with master bed and ample closet space. The full bath on the second floor also have been completely updated up claw foot tub. At the end of the day enjoy your time on your private deck or three seasons room. The two car garage has been built with an extra room for storage space. This home wont stay long on the market especially at this price so set up your showing today.

Key facts

• Covered patios
• Vegetable gardens
• Butler's pantry

Tags

• UPDATED KITCHEN
• BUTLER'S PANTRY
• COZY FRONT PORCH
• COVERED PATIOS
• VEGETABLE GARDENS
• DEDICATED WORKSHOP AREA

Property features AI

Exterior

• Parking: 2-car garage; Detached garage; Driveway; Oversized garage with workshop
• Utilities: Public water; Public sewer; Gas heating
• Home design: 2 stories; Stone foundation
• Construction: Vinyl siding; Asphalt/fiberglass roof; Built per public records
• Exterior features: Deck; Enclosed porch; Patio; Porch; Garden

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Pantry
• Bedrooms: Total rooms: 7 (includes bedrooms and other living spaces)
• Bathrooms: 2 full bathrooms; 1 main-level bathroom
• Interior features: Built-in features; High ceilings; Pantry; Walk-in closet(s); Unfinished basement
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $10 ($118/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 $155k (16.3% below list).
• Recommended offer: $155k (16.3% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.6% 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 $1k of loan paydown is wiped out by about $6k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 29y 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 $130k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,900 (16.3% below list)

Questions for the listing agent

1. Built in 1900 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.84% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.23%
• DSCR: 1.01
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $186,172
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24 Swan St	0.21mi	4/2.0 (+1)	1,485 (-3%)	7mo	$250,000	$168	71
164 Burrows St	0.30mi	3/2.0	1,651 (+8%)	2mo	$185,500	$112	66
453 Lawn St	0.06mi	3/1.5	1,720 (+13%)	13mo	$148,900	$87	63
145 Walnut St	0.57mi	3/2.0	1,482 (-3%)	2mo	$190,000	$128	63
1050 W Main Ct	0.51mi	3/2.0	1,544 (+1%)	11mo	$189,900	$123	61
515 S Broadway	0.55mi	3/1.0	1,356 (-11%)	6mo	$205,000	$151	50
112 S Eagle St	0.32mi	3/2.0	1,670 (+9%)	18mo	$137,400	$82	50
180 E Union St	0.70mi	3/1.0	1,462 (-4%)	15mo	$66,000	$45	48
182 Lockwood St	0.18mi	4/1.5 (+1)	1,320 (-14%)	18mo	$161,000	$122	47

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: -16.0%
• Equity multiple: 0.43×
• Total profit: $-29,370
• Equity at exit: $27,584

10-year hold

• IRR: -7.6%
• Equity multiple: 0.52×
• Total profit: $-24,836
• Equity at exit: $15,995

Cash invested: $51,800 (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: 10.0×

Monthly cashflow live

• Estimated rent: $1,549 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$167 /mo · $2,000/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $10

Break-even live

Break-even rent $1,537

Max offer price $185,000

Occupancy floor 94%

Sensitivity live

Price	-10% $115	-5% $62	+0% $10	+5% $-43	+10% $-95
Rent	-10% $-113	-5% $-51	+0% $10	+5% $71	+10% $132
Rate	-1.0pp $103	-0.5pp $57	base $10	+0.5pp $-38	+1.0pp $-87

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: $46,250
• Closing costs: $5,550
• 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	0.92mi

Listing history 9 events

1. 2026-05-20
   listed $185,000 Active
2. 2020-09-29
   soldstatus $129,900
3. 2020-09-28
   soldstatus $129,900 Closed 898-char remark

   Show marketing remark (898 chars)

   Welcome to this Charming and updated colonial home that is awaiting its new owners. This home has gorgeous cub appeal with a classic and inviting porch to enjoy your morning coffee. As you enter you will notice an open concept and very spacious living room with newer carpet and an abundance of natural sunlight shining through. The dining room and kitchen have been fully updated with laminate flooring, soft close white cabinets and wrap around back splash. All appliances stay. All three bedrooms are on the second floor with master bed and ample closet space. The full bath on the second floor also have been completely updated up claw foot tub. At the end of the day enjoy your time on your private deck or three seasons room. The two car garage has been built with an extra room for storage space. This home wont stay long on the market especially at this price so set up your showing today.

4. 2020-09-01
   status Pending 898-char remark

   Show marketing remark (898 chars)

   Welcome to this Charming and updated colonial home that is awaiting its new owners. This home has gorgeous cub appeal with a classic and inviting porch to enjoy your morning coffee. As you enter you will notice an open concept and very spacious living room with newer carpet and an abundance of natural sunlight shining through. The dining room and kitchen have been fully updated with laminate flooring, soft close white cabinets and wrap around back splash. All appliances stay. All three bedrooms are on the second floor with master bed and ample closet space. The full bath on the second floor also have been completely updated up claw foot tub. At the end of the day enjoy your time on your private deck or three seasons room. The two car garage has been built with an extra room for storage space. This home wont stay long on the market especially at this price so set up your showing today.

5. 2020-07-22
   historical Contingent 898-char remark

   Show marketing remark (898 chars)

   Welcome to this Charming and updated colonial home that is awaiting its new owners. This home has gorgeous cub appeal with a classic and inviting porch to enjoy your morning coffee. As you enter you will notice an open concept and very spacious living room with newer carpet and an abundance of natural sunlight shining through. The dining room and kitchen have been fully updated with laminate flooring, soft close white cabinets and wrap around back splash. All appliances stay. All three bedrooms are on the second floor with master bed and ample closet space. The full bath on the second floor also have been completely updated up claw foot tub. At the end of the day enjoy your time on your private deck or three seasons room. The two car garage has been built with an extra room for storage space. This home wont stay long on the market especially at this price so set up your showing today.

6. 2020-06-18
   listed $129,900 Active 898-char remark

   Show marketing remark (898 chars)

   Welcome to this Charming and updated colonial home that is awaiting its new owners. This home has gorgeous cub appeal with a classic and inviting porch to enjoy your morning coffee. As you enter you will notice an open concept and very spacious living room with newer carpet and an abundance of natural sunlight shining through. The dining room and kitchen have been fully updated with laminate flooring, soft close white cabinets and wrap around back splash. All appliances stay. All three bedrooms are on the second floor with master bed and ample closet space. The full bath on the second floor also have been completely updated up claw foot tub. At the end of the day enjoy your time on your private deck or three seasons room. The two car garage has been built with an extra room for storage space. This home wont stay long on the market especially at this price so set up your showing today.

7. 1997-10-08
   soldstatus $52,400 180-char remark

   Show marketing remark (180 chars)

   Spacious Older Home With Open Front Porch/Walkout Bay Window 1st Flr Laundry/Needs Some Paint & Paper/Tenant Occupied- 24 Hr Notice To Show/ Extra Rm Down Could Be Den Or Br

8. 1997-10-07
   soldstatus $52,400
9. 1997-08-08
   listed $49,900 180-char remark

   Show marketing remark (180 chars)

   Spacious Older Home With Open Front Porch/Walkout Bay Window 1st Flr Laundry/Needs Some Paint & Paper/Tenant Occupied- 24 Hr Notice To Show/ Extra Rm Down Could Be Den Or Br

ⓘ 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: $2,000 · $167/mo
• Projected year-2 tax: $2,443 · $204/mo
• Expected delta: +$443/yr (+$37/mo · 22.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 67% 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: −$10,363
• − Property taxes: −$2,000
• − Insurance: −$925
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$5,382
• Taxable loss: −$3,056
• Est. tax savings @ 24.0%: +$733
• After-tax cash flow: $851/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: 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

• Census place: Geneva, OH
• 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

+270.7% since first listed

9 events — show timeline

• 2026-05-20 Listed $185,000 MLSNOW
• 2020-09-29 Sold (Public Records) $129,900 Public Records
• 2020-09-28 Sold (MLS) $129,900 MLSNOW
• 2020-09-01 Pending — MLSNOW
• 2020-07-22 Contingent — MLSNOW
• 2020-06-18 Listed $129,900 MLSNOW
• 1997-10-08 Sold (MLS) $52,400 MLSNOW
• 1997-10-07 Sold (Public Records) $52,400 Public Records
• 1997-08-08 Listed $49,900 MLSNOW

Property tax history

+3.9%/yr

Latest (2025): $2,000 · -2.9% YoY. Source: county tax records.