1926 Walnut Blvd · Ashtabula, OH 44004

$319,900

3 bd · 1.5 ba · 1,918 sqft · SingleFamily public records · 10 Days on market

Built 1900 0.43 ac lot $167/sqft · 106% above 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
• 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

Welcome to 1926 Walnut Blvd—where timeless charm meets lakeside living in the heart of Historic Ashtabula Harbor. Situated on the shores of Lake Erie, this rare property offers stunning lake views and is nestled on two lots totaling 0.43 acres—providing space, privacy, and endless potential. This beautifully maintained home features 4 bedrooms and 2 full bathrooms, highlighted by a thoughtfully updated kitchen that truly serves as the heart of the home—perfect for gathering and entertaining. Throughout, you’ll find exquisite original woodwork, crown molding, and classic pocket doors that showcase the home’s character while blending seamlessly with modern amenit

Key facts

• Large kitchen island
• Two lots
• Lake views

Tags

• LAKE VIEWS
• TWO LOTS
• UPDATED KITCHEN
• LARGE KITCHEN ISLAND
• GRANITE COUNTERTOPS
• CERAMIC TILE

Property features AI

Finance

• HOA & community: Community amenities include fishing, lake, playground, park, restaurant, shopping, street lights, sidewalks, and tennis courts

Exterior

• Parking: Detached garage; Driveway; Garage with 1 parking space
• Utilities: Public water; Public sewer
• Home design: Two stories; Faces north; Updated/remodeled condition; Walk-out basement
• Construction: Vinyl siding; Wood siding; Asphalt roof; Block foundation; Home warranty included; Built in public-record era (year built source: Public Records)
• Exterior features: Rear covered porch; Front covered porch; Patio; Shed(s); Partial fencing; Cleared and landscaped yard; Private lot with views

Interior

• Kitchen: Dishwasher; Disposal; Range; Refrigerator; Granite and stone counters; Kitchen island; Eat-in kitchen
• Bedrooms: One main-level bedroom
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Central air; Ceiling fans; Forced air heating; Gas heating; Fireplace heating (one fireplace)
• Interior features: Built-in features; Ceiling fans; Crown molding; Entrance foyer; Eat-in kitchen; Granite counters; High ceilings; Kitchen island; Stone counters; Storage; Soaking tub; Natural woodwork; Walk-in closet(s)
• Laundry & utility: Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $2k ($27k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $320k).
• Cap rate 14.6% 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: 162 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 $10k 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 $90k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.
• Current owner paid $73k; list at $320k implies a 338% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $319,900

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. 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: 1.67% ✓
• Cap rate: 14.58%
• Cash-on-cash: 29.59%
• DSCR: 2.32
• GRM: 5.0

CMA / ARV

• ARV (median comp): $155,487
• List price: $319,900
• Delta: 124.13%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
717 Allen Ave	0.34mi	4/2.0 (+1)	1,907 (-1%)	15mo	$213,000	$112	64
1038 E 6th St	0.65mi	3/1.0	1,920 (+0%)	11mo	$150,000	$78	58
1415 W 9th St	0.54mi	4/1.5 (+1)	1,744 (-9%)	5mo	$75,000	$43	51
1708 W 7th St	0.28mi	4/2.0 (+1)	1,638 (-15%)	6mo	$110,000	$67	51
1525 W 8th St	0.40mi	4/1.0 (+1)	1,648 (-14%)	15mo	$140,000	$85	39
1045 Norman Ave	0.63mi	3/2.0	1,709 (-11%)	15mo	$269,000	$157	37
1123 Walnut Blvd	0.53mi	3/1.0	1,683 (-12%)	22mo	$160,000	$95	35

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: 24.1%
• Equity multiple: 1.99×
• Total profit: $88,781
• Equity at exit: $47,698

10-year hold

• IRR: 31.9%
• Equity multiple: 3.88×
• Total profit: $258,260
• Equity at exit: $27,659

Cash invested: $89,572 (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: 162
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $5,341 medium
• Mortgage (P&I): −$1,678
• Tax from tax record: −$200 /mo · $2,400/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,122
• Net cashflow: $2,208

Break-even live

Break-even rent $2,545

Max offer price $319,900

Occupancy floor 54%

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: $79,975
• Closing costs: $9,597
• 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	0.64mi

Listing history 14 events

1. 2026-06-18
   days on market $319,900 Active 10 DOM
2. 2026-06-17
   days on market $319,900 Active 9 DOM
3. 2026-06-16
   days on market $319,900 Active 8 DOM
4. 2026-06-15
   days on market $319,900 Active 7 DOM
5. 2026-06-13
   days on market $319,900 Active 5 DOM
6. 2026-06-12
   days on market $319,900 Active 4 DOM
7. 2026-06-09
   pricedays on marketlisting id $319,900 Active 1 DOM
8. 2026-06-02
   days on market $348,500 Active 71 DOM
9. 2026-06-01
   days on market $348,500 Active 70 DOM
10. 2026-05-31
    days on market $348,500 Active 69 DOM
11. 2026-04-28
    price $348,500 1822-char remark
12. 2026-03-23
    listed $359,900 Active 1822-char remark
13. 1997-10-31
    soldstatus $73,000
14. 1992-08-03
    soldstatus $75,900

ⓘ 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: $2,400 · $200/mo
• Projected year-2 tax: $3,695 · $308/mo
• Expected delta: +$1,295/yr (+$108/mo · 54.0%)

ⓘ 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: −$17,919
• − Property taxes: −$2,400
• − Insurance: −$1,600
• − Repairs & maintenance: −$5,127
• − Management: −$5,127
• − Depreciation: −$9,306
• Taxable income: $22,612
• Est. tax owed @ 24.0%: −$5,427
• After-tax cash flow: $21,075/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

+321.5% since first listed

6 events — show timeline

• 2026-06-05 Listed $319,900 MLSNOW
• 2026-06-02 Listing Removed — MLSNOW
• 2026-04-28 Price Changed $348,500 MLSNOW
• 2026-03-23 Listed $359,900 MLSNOW
• 1997-10-31 Sold (Public Records) $73,000 Public Records
• 1992-08-03 Sold (Public Records) $75,900 Public Records

Property tax history

+3.4%/yr

Latest (2025): $2,400 · -0.2% YoY. Source: county tax records.