None · Ashtabula, OH 44004

$60,000

3 bd · 1.0 ba · 1,484 sqft · SingleFamily public records · 36 Days on market

Built 1925 3,484 sqft lot ↓ 8% since listing

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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 +7.5/15.0
• 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

Investor Opportunity, located in Ashtabula County! This property offers strong earning potential. featuring a layout of 3 bedrooms and 1.5 bath, full unfinished basement. Newer furnace and hot water tank. Shed included. alley access and private driveway. If you're searching for your next project, look no further! Property is being sold As-Is. Bring your vision and unlock this homes full potential.

Key facts

• Alley access
• Private driveway
• 3,484 sq ft lot

Tags

• FULL UNFINISHED BASEMENT
• ALLEY ACCESS
• PRIVATE DRIVEWAY
• STRONG EARNING POTENTIAL

Property features AI

Exterior

• Parking: No garage; Unpaved parking
• Utilities: Public water; Public sewer
• Home design: Two-story home
• Construction: Aluminum siding; Asphalt/fiberglass roof
• Exterior features: Yard with shed(s); Lot dimensions approximately 31 x 115; North-facing

Interior

• Bedrooms: 7 total rooms (bedrooms and living spaces included)
• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Forced-air gas heating; Central air conditioning
• Interior features: Unfinished basement; Has view

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $741 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
• Cap rate 21.1% 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: amenities F, commute F, employment 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.
• Zoned schools: Superior Intermediate School (math 30% / reading 31%, grade F, #1,151 of 1,584 statewide, top 73%, 436 students, 0% FRL); Lakeside Junior High School (math 24% / reading 34%, grade F, #579 of 654 statewide, top 89%, 505 students, 0% FRL); Lakeside High School (math 12% / reading 37%, grade F, #644 of 781 statewide, top 85%, 894 students, 0% FRL) — zoned schools average 0% FRL vs 63% district-wide (63 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 169 active listings in the ZIP; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($50k/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 $415 of loan paydown is wiped out by about $2k 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 $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 2 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 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $58,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.40% ✓
• Cap rate: 21.10%
• Cash-on-cash: 52.90%
• DSCR: 3.35
• GRM: 3.5

CMA / ARV

• ARV (on-the-fly): $138,012
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5725 Main Ave	0.04mi	3/1.0	1,572 (+6%)	1mo	$30,000	$19	88
5508 Adams Ave	0.22mi	3/1.5	1,396 (-6%)	8mo	$144,000	$103	71
6208 Jefferson Rd	0.53mi	3/1.5	1,510 (+2%)	2mo	$140,000	$93	69
5705 Poplar	0.39mi	3/1.0	1,326 (-11%)	1mo	$45,000	$34	63
637 Wamar Ln	0.58mi	3/1.5	1,424 (-4%)	8mo	$210,000	$147	57
112 Grove Dr	0.16mi	2/1.5 (-1)	1,264 (-15%)	5mo	$140,000	$111	56
6226 Edward Ave	0.72mi	3/2.5	1,506 (+2%)	6mo	$170,000	$113	53
1022 W 51st St	0.58mi	4/1.0 (+1)	1,584 (+7%)	9mo	$146,000	$92	49
6235 Jefferson Rd	0.59mi	3/1.5	1,264 (-15%)	7mo	$78,500	$62	40
1629 E 47th St	0.74mi	4/2.0 (+1)	1,312 (-12%)	3mo	$141,000	$107	35
4322 Coleman Ave	0.73mi	3/1.5	1,296 (-13%)	11mo	$105,000	$81	34
1247 W 58th St	0.70mi	4/2.0 (+1)	1,632 (+10%)	12mo	$120,000	$74	32

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: 50.9%
• Equity multiple: 3.23×
• Total profit: $37,457
• Equity at exit: $8,946

10-year hold

• IRR: 56.3%
• Equity multiple: 6.56×
• Total profit: $93,402
• Equity at exit: $5,188

Cash invested: $16,800 (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 44004

• Home prices YoY: -30.5%
• Active inventory: 169
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,443 medium
• Mortgage (P&I): −$315
• Tax from tax record: −$60 /mo · $717/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $741

Break-even live

Break-even rent $506

Max offer price $60,000

Occupancy floor 44%

Sensitivity live

Price	-10% $775	-5% $758	+0% $741	+5% $724	+10% $707
Rent	-10% $627	-5% $684	+0% $741	+5% $798	+10% $855
Rate	-1.0pp $771	-0.5pp $756	base $741	+0.5pp $725	+1.0pp $709

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $60,000 Active 36 DOM
2. 2026-06-21
   days on market $60,000 Active 35 DOM
3. 2026-06-18
   days on market $60,000 Active 33 DOM
4. 2026-06-17
   days on market $60,000 Active 32 DOM
5. 2026-06-16
   days on market $60,000 Active 31 DOM
6. 2026-06-15
   days on market $60,000 Active 30 DOM
7. 2026-06-13
   days on market $60,000 Active 28 DOM
8. 2026-06-12
   days on market $60,000 Active 27 DOM
9. 2026-06-09
   days on market $60,000 Active 24 DOM
10. 2026-06-08
    days on market $60,000 Active 23 DOM
11. 2026-06-07
    days on market $60,000 Active 22 DOM
12. 2026-06-07
    days on market $60,000 Active 21 DOM
13. 2026-06-04
    days on market $60,000 Active 18 DOM
14. 2026-06-02
    days on market $60,000 Active 17 DOM
15. 2026-06-01
    days on market $60,000 Active 16 DOM
16. 2026-05-31
    days on market $60,000 Active 15 DOM
17. 2026-05-11
    listed $60,000 Active
18. 2023-06-16
    soldstatus $260,450
19. 2023-03-27
    status Pending
20. 2023-03-23
    historical
21. 2023-03-03
    listed $65,000 Active

ⓘ 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: $717 · $60/mo
• Projected year-2 tax: $826 · $69/mo
• Expected delta: +$110/yr (+$9/mo · 15.3%)

ⓘ 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 ≥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: $17,316
• − Mortgage interest: −$3,361
• − Property taxes: −$717
• − Insurance: −$300
• − Repairs & maintenance: −$1,385
• − Management: −$1,385
• − Depreciation: −$1,745
• Taxable income: $8,422
• Est. tax owed @ 24.0%: −$2,021
• After-tax cash flow: $6,865/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

-7.7% since first listed

5 events — show timeline

• 2026-05-11 Listed $60,000 MLSNOW
• 2023-06-16 Sold (Public Records) $260,450 Public Records
• 2023-03-27 Pending — MLSNOW
• 2023-03-23 Listing Removed — MLSNOW
• 2023-03-03 Listed $65,000 MLSNOW

Property tax history

+14.7%/yr

Latest (2025): $717 · +1.2% YoY. Source: county tax records.