146 Nickle Plate Ave · Conneaut, OH 44030

$40,700

3 bd · 1.0 ba · 1,586 sqft · SingleFamily public records · 382 Days on market

Built 1910 5,096 sqft lot $26/sqft · 51% below area

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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
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR SPECIAL. . OWNER WANTS SOLD! All reasonable offers considered. LONG TERM TENANT PASSED AWAY. HANDI CAP ACCESSABLE with a working CHAIRLIFT AT THE FRONT PORCH(on separate electric source with back up battery) updates: Roof 7+ yrs old, furnace 2021, hotwater tank 2022. highlites: stain glass in several windows, 1st floor bath. large back yard, dry basement. needed repairs: missing shingles from recent storms has cause some interior water issues; electrical updates needed. home interior is dated and needs your imagination to bring it current. Drive way is shared with the home east of property. Property being sold " AS IS " seller to make NO repairs. Any inspections are for Buyer information only.

Key facts

• Handi cap accessible
• Large back yard
• Working chairlift

Tags

• HANDI CAP ACCESSIBLE
• WORKING CHAIRLIFT
• STAIN GLASS IN SEVERAL WINDOWS
• LARGE BACK YARD
• DRY BASEMENT

🏷️ Possibly a rental listed for sale. The $40,700 price doesn't fit this home's estimated sale value (~$82,735) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $41k.

Deal economics

• At list price, monthly cash flow is $636 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $41k).
• Recommended offer: $36k (12.0% below list) — sets the bar for market timing.
• Cap rate 25.0% vs local median 4.6% in Conneaut — 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 63/100 on livability (#808 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, crime C-, health & safety D.
• Conneaut Area City (town): math 35% / reading 50% proficiency, ranked #527 of 656 in OH (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 59 active listings in the ZIP; 155 units permitted in Ashtabula County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $281 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 382 days — a 12% lower offer ($36k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $35,816 (12.0% below list)

Questions for the listing agent

1. It's been on market 382 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 2.81% ✓
• Cap rate: 25.04%
• Cash-on-cash: 66.94%
• DSCR: 3.98
• GRM: 3.0

CMA / ARV

• ARV (median comp): $82,735
• List price: $40,700
• Delta: -50.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
284 Clay	0.03mi	3/1.0	1,575 (-1%)	1mo	$32,500	$21	96
178 Marshall St	0.14mi	3/2.0	1,660 (+5%)	4mo	$159,500	$96	78
366 Old Main Rd	0.45mi	3/2.0	1,573 (-1%)	1mo	$165,000	$105	73
386 Washington St	0.20mi	3/2.0	1,404 (-12%)	2mo	$35,340	$25	66
281 Depot St	0.32mi	3/2.0	1,478 (-7%)	8mo	$130,000	$88	63
404 Viaduct St	0.55mi	3/1.5	1,500 (-5%)	4mo	$126,660	$84	60
475 State St	0.67mi	3/2.0	1,652 (+4%)	1mo	$115,000	$70	57
418 Jackson St	0.51mi	4/2.0 (+1)	1,548 (-2%)	9mo	$110,000	$71	56
462 Monroe St	0.64mi	4/1.0 (+1)	1,538 (-3%)	9mo	$108,000	$70	53
381 Bliss Ave	0.52mi	3/1.5	1,440 (-9%)	8mo	$85,000	$59	52
555 Wrights Ave	0.57mi	3/1.5	1,380 (-13%)	4mo	$95,000	$69	47
386 Jackson St	0.46mi	3/1.0	1,352 (-15%)	9mo	$81,500	$60	46

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: 66.3%
• Equity multiple: 3.98×
• Total profit: $33,904
• Equity at exit: $6,069

10-year hold

• IRR: 70.5%
• Equity multiple: 8.17×
• Total profit: $81,696
• Equity at exit: $3,519

Cash invested: $11,396 (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 44030

• Home prices YoY: -10.8%
• Active inventory: 59
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,144 medium
• Mortgage (P&I): −$213
• Tax from tax record: −$37 /mo · $450/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $636

Break-even live

Break-even rent $339

Max offer price $40,700

Occupancy floor 39%

Sensitivity live

Price	-10% $659	-5% $647	+0% $636	+5% $624	+10% $613
Rent	-10% $545	-5% $591	+0% $636	+5% $681	+10% $726
Rate	-1.0pp $656	-0.5pp $646	base $636	+0.5pp $625	+1.0pp $614

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: $10,175
• Closing costs: $1,221
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-18
   days on market $40,700 Active 382 DOM
2. 2026-06-17
   days on market $40,700 Active 381 DOM
3. 2026-06-16
   days on market $40,700 Active 380 DOM
4. 2026-06-15
   days on market $40,700 Active 379 DOM
5. 2026-06-13
   days on market $40,700 Active 377 DOM
6. 2026-06-12
   days on market $40,700 Active 376 DOM
7. 2026-06-09
   days on market $40,700 Active 373 DOM
8. 2026-06-08
   days on market $40,700 Active 372 DOM
9. 2026-06-08
   days on market $40,700 Active 371 DOM
10. 2026-06-07
    days on market $40,700 Active 370 DOM
11. 2026-06-04
    days on market $40,700 Active 367 DOM
12. 2026-06-02
    days on market $40,700 Active 366 DOM
13. 2026-06-01
    days on market $40,700 Active 365 DOM
14. 2026-05-31
    days on market $40,700 Active 364 DOM
15. 2026-05-06
    historical Contingent 742-char remark

    Show marketing remark (742 chars)

    INVESTOR SPECIAL. . OWNER WANTS SOLD! All reasonable offers considered. LONG TERM TENANT PASSED AWAY. HANDI CAP ACCESSABLE with a working CHAIRLIFT AT THE FRONT PORCH(on separate electric source with back up battery) updates: Roof 7+ yrs old, furnace 2021, hotwater tank 2022. highlites: stain glass in several windows, 1st floor bath. large back yard, dry basement. needed repairs: missing shingles from recent storms has cause some interior water issues; electrical updates needed. home interior is dated and needs your imagination to bring it current. Drive way is shared with the home east of property. Property being sold " AS IS " seller to make NO repairs. Any inspections are for Buyer information only.

16. 2025-12-27
    price $40,700 742-char remark

    Show marketing remark (742 chars)

    INVESTOR SPECIAL. . OWNER WANTS SOLD! All reasonable offers considered. LONG TERM TENANT PASSED AWAY. HANDI CAP ACCESSABLE with a working CHAIRLIFT AT THE FRONT PORCH(on separate electric source with back up battery) updates: Roof 7+ yrs old, furnace 2021, hotwater tank 2022. highlites: stain glass in several windows, 1st floor bath. large back yard, dry basement. needed repairs: missing shingles from recent storms has cause some interior water issues; electrical updates needed. home interior is dated and needs your imagination to bring it current. Drive way is shared with the home east of property. Property being sold " AS IS " seller to make NO repairs. Any inspections are for Buyer information only.

17. 2025-07-09
    status Active 742-char remark

    Show marketing remark (742 chars)

    INVESTOR SPECIAL. . OWNER WANTS SOLD! All reasonable offers considered. LONG TERM TENANT PASSED AWAY. HANDI CAP ACCESSABLE with a working CHAIRLIFT AT THE FRONT PORCH(on separate electric source with back up battery) updates: Roof 7+ yrs old, furnace 2021, hotwater tank 2022. highlites: stain glass in several windows, 1st floor bath. large back yard, dry basement. needed repairs: missing shingles from recent storms has cause some interior water issues; electrical updates needed. home interior is dated and needs your imagination to bring it current. Drive way is shared with the home east of property. Property being sold " AS IS " seller to make NO repairs. Any inspections are for Buyer information only.

18. 2025-06-30
    historical Contingent 742-char remark

    Show marketing remark (742 chars)

    INVESTOR SPECIAL. . OWNER WANTS SOLD! All reasonable offers considered. LONG TERM TENANT PASSED AWAY. HANDI CAP ACCESSABLE with a working CHAIRLIFT AT THE FRONT PORCH(on separate electric source with back up battery) updates: Roof 7+ yrs old, furnace 2021, hotwater tank 2022. highlites: stain glass in several windows, 1st floor bath. large back yard, dry basement. needed repairs: missing shingles from recent storms has cause some interior water issues; electrical updates needed. home interior is dated and needs your imagination to bring it current. Drive way is shared with the home east of property. Property being sold " AS IS " seller to make NO repairs. Any inspections are for Buyer information only.

19. 2025-06-01
    listed $42,700 Active 742-char remark

    Show marketing remark (742 chars)

    INVESTOR SPECIAL. . OWNER WANTS SOLD! All reasonable offers considered. LONG TERM TENANT PASSED AWAY. HANDI CAP ACCESSABLE with a working CHAIRLIFT AT THE FRONT PORCH(on separate electric source with back up battery) updates: Roof 7+ yrs old, furnace 2021, hotwater tank 2022. highlites: stain glass in several windows, 1st floor bath. large back yard, dry basement. needed repairs: missing shingles from recent storms has cause some interior water issues; electrical updates needed. home interior is dated and needs your imagination to bring it current. Drive way is shared with the home east of property. Property being sold " AS IS " seller to make NO repairs. Any inspections are for Buyer information only.

20. 2023-10-01
    historical
21. 2023-04-01
    listed $40,000 Active
22. 2020-12-10
    soldstatus $113,000
23. 2007-12-21
    historical
24. 2007-03-21
    listed $15,200
25. 1990-10-29
    soldstatus $25,500

ⓘ 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: $450 · $37/mo
• Projected year-2 tax: $542 · $45/mo
• Expected delta: +$93/yr (+$8/mo · 20.6%)

ⓘ 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,726
• − Mortgage interest: −$2,280
• − Property taxes: −$450
• − Insurance: −$204
• − Repairs & maintenance: −$1,098
• − Management: −$1,098
• − Depreciation: −$1,184
• Taxable income: $7,412
• Est. tax owed @ 24.0%: −$1,779
• After-tax cash flow: $5,850/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: Conneaut Area City
• NCES district ID: 3904381
• Math proficiency: 35% ▼ -18.00%
• Reading proficiency: 50% ▼ -12.00%
• Median HH income: $38,064
• Composite: 35.37/100
• National rank: #4953
• State rank: #527 of 656 in OH

Livability — Conneaut

• Score: 63/100
• State rank: #808
• US rank: #14907

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment D- Housing A+ Health & safety D User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Conneaut, OH
• County: Ashtabula · 97,617 people
• City population: 16,317
• Metro: Cleveland, OH
• Population (ZIP): 16,317
• Household income: $57,264
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 11.2

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 (88%)
• Race & ethnicity: White 88% Black 6% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

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: ▼ -32.21%
• Current HPI: 265.5019
• 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

+59.6% since first listed

11 events — show timeline

• 2026-05-06 Contingent — MLSNOW
• 2025-12-27 Price Changed $40,700 MLSNOW
• 2025-07-09 Relisted — MLSNOW
• 2025-06-30 Contingent — MLSNOW
• 2025-06-01 Listed $42,700 MLSNOW
• 2023-10-01 Listing Removed — MLSNOW
• 2023-04-01 Listed $40,000 MLSNOW
• 2020-12-10 Sold (Public Records) $113,000 Public Records
• 2007-12-21 Listing Removed — MLSNOW
• 2007-03-21 Listed $15,200 MLSNOW
• 1990-10-29 Sold (Public Records) $25,500 Public Records

Property tax history

-5.2%/yr

Latest (2025): $450 · -10.5% YoY. Source: county tax records.