127 E 270th St · Euclid, OH 44132

$150,000

2 bd · 1.0 ba · 2,086 sqft · SingleFamily public records · 6 Days on market

Built 1923 0.25 ac lot Est $282k · 47% under

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Why this score? — see what drove the C- 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).

• ARV discount +15.0/15.0
• Cash flow +13.6/30.0
• Rent growth +5.0/5.0
• 1% rule +4.7/10.0
• DSCR +4.1/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

This updated Cape Cod offers 2,086 sq ft of living space on a 0.25-acre lot in the City of Euclid. Set north of Lakeshore Blvd, 127 E 270th St is close to Lake Erie, local shopping, dining, parks, medical services, and RTA transit along the Lakeshore corridor. The main level includes a large living room with wood flooring and a fireplace, a formal dining room with a built-in cabinet, and an updated kitchen with maple cabinets, vinyl/LVT flooring, generous counter space, dishwasher, and microwave. Possible 1-floor living with two first-floor bedrooms and an updated full bath. Upstairs, two additional bedrooms, a full bath, an office, and a bonus room provide flexible space for work, storage,

Key facts

• Formal dining room
• Updated full bath
• Large living room

Tags

• LARGE LIVING ROOM
• FORMAL DINING ROOM
• UPDATED KITCHEN
• FIRST-FLOOR BEDROOMS
• UPDATED FULL BATH
• FOUR-SEASON SUNROOM

Property features AI

Finance

• Other: Home warranty included
• HOA & community: Community features include medical service, playground, park, pool, shopping, and public transportation

Exterior

• Parking: Detached 2-car garage; Driveway (paved)
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: 2 stories; Updated/remodeled; Block foundation
• Construction: Vinyl siding; Asphalt/fiberglass roof; Built per public records
• Exterior features: Enclosed porch; Patio; Porch; Chain link fencing; Community pool; Irregular lot; Faces west

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: 2 main level bedrooms
• Bathrooms: 2 full bathrooms; 1 main level bathroom
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Partial, unfinished basement; Living room fireplace; Updated/remodeled condition
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $8 ($102/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (3.4% below list).
• Recommended offer: $145k (3.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#204 in OH, #3,149 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools C-, commute F, employment D-.
• Euclid City (suburban): math 14% / reading 28% proficiency, ranked #625 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+15.5%/yr); 39 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 36% of the median local income ($48k/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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Cuyahoga County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 24y 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.
• Current owner paid $70k; list at $150k implies a 114% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $144,864 (3.4% below list)

Questions for the listing agent

1. Built in 1923 — 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: 0.97% ✗
• Cap rate: 6.36%
• Cash-on-cash: 0.24%
• DSCR: 1.01
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $281,610
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
215 Wells Ct	0.23mi	3/3.5 (+1)	2,270 (+9%)	22mo	$315,000	$139	42
28805 Cresthaven Dr	0.71mi	3/2.5 (+1)	2,219 (+6%)	7mo	$765,000	$345	40
27400 Markbarry Dr	0.70mi	3/2.0 (+1)	1,995 (-4%)	15mo	$215,000	$108	38
28402 Forest Rd	0.48mi	3/3.5 (+1)	2,230 (+7%)	18mo	$302,000	$135	36
509 Walnut Dr	0.74mi	3/2.0 (+1)	1,801 (-14%)	14mo	$236,000	$131	22
27461 Markbarry Ave	0.70mi	3/2.0 (+1)	1,782 (-15%)	22mo	$196,900	$110	15

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -9.9%
• Equity multiple: 0.62×
• Total profit: $-16,029
• Equity at exit: $22,365

10-year hold

• IRR: 5.7%
• Equity multiple: 1.52×
• Total profit: $21,918
• Equity at exit: $12,969

Cash invested: $42,000 (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 44132

• Home prices YoY: -16.9%
• Rents YoY: 15.5%
• Active inventory: 39
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,449 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$287 /mo · $3,442/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $8

Break-even live

Break-even rent $1,438

Max offer price $150,000

Occupancy floor 94%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26611 Lakeshore Blvd Unit UP Euclid, OH	3.0	2.0	1400	$1,275	$0.91	20d	1	0.19mi
371 E 271st St Euclid, OH	3.0	2.5	2432	$1,695	$0.70	1d	1	0.36mi
368 E 248th St Euclid, OH	3.0	1.0	1440	$1,395	$0.97	43d	1	1.10mi

Listing history 5 events

1. 2026-06-13
   statusdays on market $150,000 Pending 6 DOM
2. 2026-06-09
   days on market $150,000 Active 4 DOM
3. 2026-06-08
   days on market $150,000 Active 3 DOM
4. 2026-06-07
   remarks 699-char remark
5. 2026-06-07
   listed $150,000 Active 2 DOM

ⓘ 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: $3,442 · $287/mo
• Projected year-2 tax: $3,442 · $287/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥94°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,384
• − Mortgage interest: −$8,402
• − Property taxes: −$3,442
• − Insurance: −$750
• − Repairs & maintenance: −$1,391
• − Management: −$1,391
• − Depreciation: −$4,364
• Taxable loss: −$2,356
• Est. tax savings @ 24.0%: +$565
• After-tax cash flow: $667/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: Euclid City
• NCES district ID: 3904395
• Math proficiency: 14% ▼ -19.00%
• Reading proficiency: 28% ▼ -14.00%
• Median HH income: $36,385
• Composite: 17.39/100
• National rank: #9067
• State rank: #625 of 656 in OH

Livability — Euclid

• Score: 77/100
• State rank: #204
• US rank: #3149

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Euclid, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 41,855
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 14,633
• Household income: $47,969
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 1297.0

Population outlook (Cuyahoga County) Hauer SSP2

• Today (2025): 1,244,621 people
• By 2030: 1,230,093 · -1.2%
• By 2040: 1,189,108 · -4.5%
• By 2050: 1,145,706 · -7.9%
• By 2075: 1,076,557 · -13.5%
• By 2100: 978,987 · -21.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (64%)
• Race & ethnicity: Black 64% White 29% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Italian 1% Subsaharan African 1%
• Foreign-born: 3%
• Languages at home: 93% English-only · Spanish 3% Russian/Polish/Slavic 1%

Political lean MEDSL · Cuyahoga

• 2024 margin: Solid D (+31.5) · D 65.4% · R 33.9%
• 2008→2024 swing: -7.4pp toward R · 2008: 38.9pp · 2024: 31.5pp
• All cycles: 2024: D+31.5 2020: D+34.1 2016: D+35.0 2012: D+38.7 2008: D+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.89%
• Current HPI: 206.0583
• Rent YoY: ▲ 15.49%
• Metro: Cleveland-Elyria, OH
• 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

+150.0% since first listed

20 events — show timeline

• 2026-06-05 Listed $150,000 MLSNOW
• 2022-12-22 Rental Removed — RENT.
• 2016-09-26 Listing Removed — MLSNOW
• 2016-08-04 Price Changed $105,000 MLSNOW
• 2016-06-21 Price Changed $110,000 MLSNOW
• 2016-05-31 Listed $120,000 MLSNOW
• 2014-12-07 Listing Removed — MLSNOW
• 2014-03-07 Listed $77,900 MLSNOW
• 2013-10-14 Listing Removed — MLSNOW
• 2013-04-14 Listed $84,990 MLSNOW
• 2008-05-07 Sold (MLS) $70,000 MLSNOW
• 2008-03-31 Listing Removed — MLSNOW
• 2008-01-08 Listed $99,000 MLSNOW
• 2006-01-31 Listing Removed — MLSNOW
• 2005-07-28 Listed $148,000 MLSNOW
• 2005-03-30 Listing Removed — MLSNOW
• 2004-09-07 Listed $154,900 MLSNOW
• 2003-04-17 Listing Removed — MLSNOW
• 2002-10-17 Listed $159,900 MLSNOW
• 2002-09-06 Sold (Public Records) $60,000 Public Records

Property tax history

+0.1%/yr

Latest (2025): $3,442 · -9.9% YoY. Source: county tax records.