3651 Austin Rd Unit N12 · Geneva, OH 44041

$20,000

3 bd · 2.0 ba · 1,323 sqft · SingleFamily · 13 Days on market

Built 1996 $15/sqft · 67% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Whether you're looking for a starter home, a retirement spot, or something in between, mobile homes offer affordability and customization to fit your needs. This home features three bedrooms, two bathrooms, and enough closet space to store your belongings. For a limited time, Austin Woods is offering a $2,500 credit toward closing costs or moving expenses—don’t wait, moving into your own home is closer than ever!

Key facts

• Functional kitchen
• Storage shed
• Brand-new a/c unit

Tags

• BRAND-NEW A/C UNIT
• FUNCTIONAL KITCHEN
• PRIVATE PRIMARY BEDROOM
• STORAGE SHED

Property features AI

Finance

• Other: Above-grade finished area approximately 1,323 (source: Realist)
• Financial info: Monthly land lease payment of $460
• HOA & community: Property has a land lease with a monthly amount

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer
• Home design: Single-story home; Entry at ground level
• Construction: Built per public records; Asphalt/fiberglass roof
• Exterior features: Vinyl siding; Shed(s) on the property

Interior

• Bedrooms: Three bedrooms on the main level
• Bathrooms: Two full bathrooms, both on the main level
• Heating & cooling: Central air conditioning; Forced-air gas heating
• Interior features: Main-level bedrooms and living on one story; Ceiling fans
• Laundry & utility: Laundry on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $20k).
• Cap rate 71.4% 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: 86 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 $138 of loan paydown is wiped out by about $600 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 $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts 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.

Recommended offer $20,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 7.75% ✓
• Cap rate: 71.42%
• Cash-on-cash: 232.61%
• DSCR: 11.35
• GRM: 1.1

CMA / ARV

• ARV (median comp): $61,518
• List price: $20,000
• Delta: -67.49%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3583 Austin Rd #24	0.05mi	3/2.0	1,344 (+2%)	4mo	$69,560	$52	92
3583 Austin Rd #97	0.05mi	3/2.0	1,296 (-2%)	13mo	$69,900	$54	83
3651 Austin Dr Unit N7	0.00mi	3/2.0	1,216 (-8%)	11mo	$59,400	$49	77
3669 N Broadway	0.32mi	3/1.0	1,356 (+2%)	5mo	$157,250	$116	73
3600 N Broadway	0.25mi	3/1.5	1,255 (-5%)	11mo	$175,000	$139	69
3583 Austin #140	0.05mi	3/2.0	1,493 (+13%)	23mo	$101,304	$68	57
4838 E Maple Rd	0.57mi	3/1.0	1,348 (+2%)	14mo	$165,000	$122	54
3572 N Broadway	0.25mi	2/1.0 (-1)	1,144 (-14%)	14mo	$87,500	$76	45

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: —
• Equity multiple: 12.77×
• Total profit: $65,918
• Equity at exit: $2,982

10-year hold

• IRR: —
• Equity multiple: 27.16×
• Total profit: $146,519
• Equity at exit: $1,729

Cash invested: $5,600 (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: 86
• Price-to-rent: 1.1×

Monthly cashflow live

• Estimated rent: $1,549 medium
• Mortgage (P&I): −$105
• Tax est. 1.5%: −$25 /mo · $300/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $1,085

Break-even live

Break-even rent $175

Max offer price $20,000

Occupancy floor 25%

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: $5,000
• Closing costs: $600
• 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	43d	1	1.48mi

Listing history 11 events

1. 2026-05-08
   listed $20,000 Active 549-char remark
2. 2026-04-09
   historical
3. 2026-03-30
   price $45,000
4. 2026-03-27
   price $60,000
5. 2026-01-30
   listed $65,000 Active
6. 2025-02-06
   listed Contingent

   Show marketing remark (428 chars)

   Whether you're looking for a starter home, a retirement spot, or something in between, mobile homes offer affordability and customization to fit your needs. This home features three bedrooms, two bathrooms, and enough closet space to store your belongings. For a limited time, Austin Woods is offering a $2,500 credit toward closing costs or moving expenses—don’t wait, moving into your own home is closer than ever!

7. 2025-02-06
   status Pending

   Show marketing remark (428 chars)

   Whether you're looking for a starter home, a retirement spot, or something in between, mobile homes offer affordability and customization to fit your needs. This home features three bedrooms, two bathrooms, and enough closet space to store your belongings. For a limited time, Austin Woods is offering a $2,500 credit toward closing costs or moving expenses—don’t wait, moving into your own home is closer than ever!

8. 2025-02-05
   soldstatus $64,300 Closed

   Show marketing remark (428 chars)

   Whether you're looking for a starter home, a retirement spot, or something in between, mobile homes offer affordability and customization to fit your needs. This home features three bedrooms, two bathrooms, and enough closet space to store your belongings. For a limited time, Austin Woods is offering a $2,500 credit toward closing costs or moving expenses—don’t wait, moving into your own home is closer than ever!

9. 2025-02-05
   soldstatus $64,300 Closed

   Show marketing remark (428 chars)

   Whether you're looking for a starter home, a retirement spot, or something in between, mobile homes offer affordability and customization to fit your needs. This home features three bedrooms, two bathrooms, and enough closet space to store your belongings. For a limited time, Austin Woods is offering a $2,500 credit toward closing costs or moving expenses—don’t wait, moving into your own home is closer than ever!

10. 2025-01-20
    historical Contingent

    Show marketing remark (428 chars)

    Whether you're looking for a starter home, a retirement spot, or something in between, mobile homes offer affordability and customization to fit your needs. This home features three bedrooms, two bathrooms, and enough closet space to store your belongings. For a limited time, Austin Woods is offering a $2,500 credit toward closing costs or moving expenses—don’t wait, moving into your own home is closer than ever!

11. 2025-01-14
    listed $64,300 Active

    Show marketing remark (428 chars)

    Whether you're looking for a starter home, a retirement spot, or something in between, mobile homes offer affordability and customization to fit your needs. This home features three bedrooms, two bathrooms, and enough closet space to store your belongings. For a limited time, Austin Woods is offering a $2,500 credit toward closing costs or moving expenses—don’t wait, moving into your own home is closer than ever!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 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: $18,588
• − Mortgage interest: −$1,120
• − Property taxes: −$300
• − Insurance: −$100
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$582
• Taxable income: $13,512
• Est. tax owed @ 24.0%: −$3,243
• After-tax cash flow: $9,783/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

• 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

-68.9% since first listed

12 events — show timeline

• 2026-05-21 Pending — MLSNOW
• 2026-05-08 Listed $20,000 MLSNOW
• 2026-04-09 Listing Removed — MLSNOW
• 2026-03-30 Price Changed $45,000 MLSNOW
• 2026-03-27 Price Changed $60,000 MLSNOW
• 2026-01-30 Listed $65,000 MLSNOW
• 2025-02-06 Listed — MLSNOW
• 2025-02-06 Pending — MLSNOW
• 2025-02-05 Sold (MLS) $64,300 MLSNOW
• 2025-02-05 Sold (MLS) $64,300 MLSNOW
• 2025-01-20 Contingent — MLSNOW
• 2025-01-14 Listed $64,300 MLSNOW