Side-by-side comparison of Ashtabula, OH and Bellefontaine, OH — cap rates, rent, prices, and investment metrics.
Cash flow: Ashtabula has the edge with an estimated cap rate of 4.21% compared to Bellefontaine's 3.12%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $170,000 in Ashtabula vs $240,000 in Bellefontaine, while rents come in at $1,000/mo and $1,180/mo respectively. For context, the national average cap rate is 3.81% and average price is $333K.
Growth & appreciation: Ashtabula is growing faster at 0.2% annually vs Bellefontaine's 0.2%. Ashtabula leads on home value appreciation at 2.2% per year.
Costs & risk: Property taxes are 1.58% in Ashtabula vs 1.58% in Bellefontaine. Vacancy rates of 6.7% and 6.7% are mixed — Bellefontaine has the tighter rental market.
Entry point: Ashtabula offers a lower entry at $170K vs Bellefontaine's $240K — a difference of $70K. With a 20% down payment, that's $34K vs $48K. Ashtabula combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Ashtabula edges out Bellefontaine on most key metrics. While cap rates are moderate at 4.21%, Ashtabula's overall profile is stronger. Use our free calculators to model specific deals in Ashtabula or Bellefontaine.