Side-by-side comparison of Ashtabula, OH and Cambridge, OH — cap rates, rent, prices, and investment metrics.
Cash flow: Cambridge has the edge with an estimated cap rate of 4.76% compared to Ashtabula's 4.21%. 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 $160,000 in Cambridge, while rents come in at $1,000/mo and $1,020/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 Cambridge'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 Cambridge. Vacancy rates of 6.7% and 6.7% are mixed — Cambridge has the tighter rental market.
Entry point: Cambridge offers a lower entry at $160K vs Ashtabula's $170K — a difference of $10K. With a 20% down payment, that's $32K vs $34K. Cambridge combines the lower price with a higher cap rate — a compelling combination.
Bottom line: Cambridge edges out Ashtabula on most key metrics. While cap rates are moderate at 4.76%, Cambridge's overall profile is stronger. Use our free calculators to model specific deals in Ashtabula or Cambridge.