4241 Wilmington Rd · South Euclid, OH 44121

$205,000

3 bd · 1.0 ba · 1,278 sqft · SingleFamily public records · 6 Days on market

Built 1952 5,440 sqft lot Est $204k · at est.

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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 +13.3/30.0
• ARV discount +7.4/15.0
• Livability +4.4/5.0
• 1% rule +4.3/10.0
• Rent growth +4.2/5.0
• DSCR +4.0/10.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see this fully renovated gem of a house in South Euclid. Located less than 5 minutes from the campus of John Carroll and right on the boarder of University Heights, this house is right around the corner from any restaurant you can imagine! Also located close to many major highways, this home boasts a brand new facelift throughout and many updates. The kitchen has been revamped with added cabinet space and granite counters along with all brand new stainless steel appliances. The bathrooms have also been completely redone featuring new vanities and a gorgeous tiled in shower. All new flooring and paint has been added featuring luxury vinyl plank floors in the kitchen, baths and living/dining rooms. The bedrooms and large finished basement are finished with carpet. The lighting fixtures throughout the entire house have been replaced with high-end fixtures and all outlets have been replaced as well. The electrical panel is newer and the central A/C is only a couple years old. The roof is also newer and the exterior of the house features new paint and a large 2 car garage. The driveway is enormous and could accommodate many cars. The large finished basement is meant for entertaining with a bar and downstairs bathroom. Come make this home your own. It wont last long, so don't wait!!

Key facts

• 5,440 sq ft lot
• Garage
• Built 1952

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Aluminum and vinyl siding; Asphalt shingle roof; Above-grade finished area recorded at 1,278; Below-grade finished area of about 300
• Construction: Aluminum siding; Vinyl siding; Asphalt shingle roof
• Exterior features: Lot recorded by assessor

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: One full bathroom; One half bathroom; One main-level bathroom
• Heating & cooling: Forced air heating
• Interior features: Partially finished basement; Basement present; Fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $-1 ($-17/yr) — negative.
• To cash-flow at today's rent, offer at most $205k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (7.1% below list).
• Recommended offer: $190k (7.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 88/100 on livability (#22 in OH, #207 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+.
• South Euclid-Lyndhurst City (suburban): math 23% / reading 45% proficiency, ranked #556 of 656 in OH (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rowland Elementary School (math 27% / reading 32%, grade F, #1,158 of 1,584 statewide, top 75%, 434 students, 50% FRL); Memorial Junior High School (math 19% / reading 45%, grade F, #559 of 654 statewide, top 87%, 497 students, 51% FRL); Brush High School (math 32% / reading 47%, grade F, #528 of 781 statewide, top 71%, 1,041 students, 44% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents rising fast (+6.8%/yr); 150 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.
• 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 $172k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $190,490 (7.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
6. 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.
7. 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.
8. 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: 0.93% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.03%
• DSCR: 1.00
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $204,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4186 Lambert Rd	0.34mi	3/1.0	1,250 (-2%)	0mo	$201,000	$161	80
4158 Wyncote Rd	0.27mi	3/1.5	1,357 (+6%)	1mo	$190,000	$140	74
4041 Wilmington Rd	0.38mi	3/1.0	1,350 (+6%)	2mo	$170,000	$126	71
4201 Lambert Rd	0.36mi	3/2.0	1,219 (-5%)	1mo	$195,000	$160	71
4037 Wilmington Rd	0.39mi	3/1.0	1,351 (+6%)	2mo	$127,000	$94	71
4157 Verona Rd	0.20mi	3/2.0	1,398 (+9%)	3mo	$235,000	$168	69
4189 Ellison Rd	0.31mi	3/2.0	1,178 (-8%)	1mo	$211,000	$179	68
4142 Eastway Rd	0.34mi	3/1.5	1,146 (-10%)	2mo	$163,000	$142	63
1567 S Belvoir Blvd	0.64mi	3/1.5	1,314 (+3%)	1mo	$235,000	$179	63
4241 Bexley Blvd	0.41mi	4/2.0 (+1)	1,416 (+11%)	1mo	$164,900	$116	54
4154 Bexley Blvd	0.41mi	4/2.0 (+1)	1,404 (+10%)	3mo	$210,000	$150	53
4331 Baintree Rd	0.69mi	4/1.5 (+1)	1,467 (+15%)	0mo	$330,000	$225	36

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 · 6.85% rent growth · sell at horizon

5-year hold

• IRR: -11.8%
• Equity multiple: 0.55×
• Total profit: $-25,563
• Equity at exit: $30,566

10-year hold

• IRR: 2.5%
• Equity multiple: 1.21×
• Total profit: $12,012
• Equity at exit: $17,725

Cash invested: $57,400 (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 44121

• Rents YoY: 6.8%
• Active inventory: 150
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,905 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$346 /mo · $4,150/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $-1

Break-even live

Break-even rent $1,907

Max offer price $204,745

Occupancy floor 95%

Sensitivity live

Price	-10% $115	-5% $57	+0% $-1	+5% $-59	+10% $-117
Rent	-10% $-152	-5% $-77	+0% $-1	+5% $74	+10% $149
Rate	-1.0pp $102	-0.5pp $51	base $-1	+0.5pp $-55	+1.0pp $-109

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4241 Bayard Rd Cleveland, OH	3.0	2.0	1350	$1,995	$1.48	25d	1	0.14mi
4165 Harwood Rd Cleveland, OH	4.0	2.0	1608	$1,950	$1.21	45d	1	0.30mi
4166 Ellison Rd Cleveland, OH	3.0	2.0	1131	$1,695	$1.50	4d	1	0.32mi
4055 Verona Rd Unit 1496083P South Euclid, OH	3.0	3.0	1065	$5,069	$4.76	16d	1	0.37mi
4070 Wyncote Rd Cleveland, OH	3.0	2.0	1233	$1,749	$1.42	4d	1	0.39mi
4023 Okalona Rd Cleveland, OH	3.0	1.5	1400	$2,500	$1.79	46d	1	0.56mi
2200 Milton Rd University Heights, OH	1.0–2.0	1.0–2.0	852	$2,240	$2.63	3d	19	0.61mi
1599 Felton Rd Cleveland, OH	3.0	1.5	1248	$1,650	$1.32	45d	1	0.61mi
3911 Warrendale Rd Cleveland, OH	4.0	2.0	1381	$1,830	$1.33	3d	1	0.69mi
4049 Bushnell Rd Cleveland, OH	3.0	1.5	1552	$2,100	$1.35	3d	1	0.73mi
3895 Colony Rd Cleveland, OH	3.0	2.0	1800	$1,700	$0.94	18d	1	0.74mi
4350 Silsby Rd Cleveland, OH	3.0	2.5	1366	$2,600	$1.90	3d	1	0.76mi
3855 Grosvenor Rd Unit 1496039P South Euclid, OH	2.0	1.0	1388	$3,823	$2.75	4d	1	0.77mi
3830 Berkeley Rd Cleveland, OH	3.0	1.5	1318	$1,800	$1.37	25d	1	0.80mi
2231 S Green Rd Unit 2 Cleveland, OH	2.0	1.0	1500	$1,800	$1.20	3d	1	0.80mi
4470 Silsby Rd Cleveland, OH	3.0	1.5	1654	$2,400	$1.45	3d	1	0.85mi
1462 Felton Rd Cleveland, OH	3.0	1.0	1222	$1,500	$1.23	18d	1	0.87mi
1478 Sherbrook Rd Cleveland, OH	3.0	1.0	1170	$1,195	$1.02	45d	1	0.89mi
1420 Villa Dr Cleveland, OH	3.0	2.0	1600	$1,550	$0.97	45d	1	0.93mi
3829 Washington Blvd University Heights, OH	3.0	1.0	1577	$2,250	$1.43	18d	1	0.95mi
1405 Villa Dr Cleveland, OH	4.0	1.5	1480	$1,790	$1.21	18d	1	0.96mi
13789 Cedar Rd Unit 300 South Euclid, OH	2.0	1.0	1100	$1,349	$1.23	19d	1	0.96mi
1497 S Noble Rd Cleveland, OH	4.0	1.0	1250	$2,650	$2.12	3d	1	0.99mi
3722 Bainbridge Rd Cleveland, OH	3.0	1.5	1326	$4,500	$3.39	25d	1	1.00mi
2371 Warrensville Center Rd University Heights, OH	3.0	1.5	1380	$1,850	$1.34	6d	1	1.01mi
2381 Warrensville Center Rd Unit UP University Heights, OH	2.0	1.0	1200	$1,400	$1.17	25d	1	1.02mi
3699 Bainbridge Rd Cleveland, OH	3.0	1.5	1866	$1,900	$1.02	18d	1	1.05mi
24111 Edgehill Dr Beachwood, OH	4.0	2.5	1735	$2,750	$1.59	9d	1	1.10mi
1584 Maple Rd Cleveland, OH	3.0	2.0	1359	$1,700	$1.25	25d	1	1.10mi
1344 S Green Rd Cleveland, OH	3.0	1.0	1076	$1,150	$1.07	18d	1	1.12mi
24113 E Silsby Rd Beachwood, OH	4.0	2.5	1650	$2,700	$1.64	3d	1	1.17mi
1462 Parkhill Rd Cleveland, OH	4.0	1.0	1451	$1,950	$1.34	3d	1	1.18mi
13645 Cedar Rd University Heights, OH	2.0	1.0	1102	$1,395	$1.27	6d	1	1.22mi
13645 Cedar Rd University Heights, OH	2.0	1.0	1102	$1,295	$1.18	25d	1	1.22mi
13641 Cedar Rd University Heights, OH	2.0	1.0	1036	$1,350	$1.30	25d	1	1.23mi
3746 Northwood Rd Unit 1496093P University Heights, OH	3.0	1.5	1291	$5,767	$4.47	3d	1	1.24mi
2868 Noble Rd Cleveland, OH	3.0	1.5	1200	$1,250	$1.04	25d	1	1.26mi
2868 Noble Rd Unit 16 Cleveland Heights, OH	3.0	1.5	1200	$1,750	$1.46	3d	1	1.26mi
13630 Cedar Rd University Heights, OH	2.0	2.5	1288	$1,450	$1.13	4d	1	1.27mi
3982 Meadowbrook Blvd University Heights, OH	3.0	1.5	1650	$2,200	$1.33	3d	1	1.28mi

Listing history 8 events

1. 2026-06-22
   price $205,000 Active 6 DOM
2. 2026-06-21
   days on market $208,000 Active 6 DOM
3. 2026-06-18
   price $208,000 Active 3 DOM
4. 2026-06-18
   days on market $209,000 Active 3 DOM
5. 2026-06-17
   price $209,000 Active 2 DOM
6. 2026-06-17
   days on market $209,900 Active 2 DOM
7. 2026-06-15
   remarks 564-char remark
8. 2026-06-15
   listed $209,900 Active 1 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: $4,150 · $346/mo
• Projected year-2 tax: $4,150 · $346/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 2/10 Low 7 d/yr ≥96°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: $22,859
• − Mortgage interest: −$11,483
• − Property taxes: −$4,150
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,829
• − Management: −$1,829
• − Depreciation: −$5,964
• Taxable loss: −$3,421
• Est. tax savings @ 24.0%: +$821
• After-tax cash flow: $804/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: South Euclid-Lyndhurst City
• NCES district ID: 3904479
• Math proficiency: 23% ▼ -22.00%
• Reading proficiency: 45% ▼ -11.00%
• Median HH income: $61,244
• Composite: 30.51/100
• National rank: #6212
• State rank: #556 of 656 in OH

Livability — South Euclid

• Score: 88/100
• State rank: #22
• US rank: #207

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Euclid, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 32,668
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 32,312
• Household income: $76,767
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 672.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 55% White 36% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Italian 2% Scotch-Irish 2%
• Foreign-born: 5% · Canada, China, India
• Languages at home: 92% English-only · Spanish 2% Chinese 1% Other Indo-European 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: ▼ -180.15%
• Current HPI: 173.7405
• Rent YoY: ▲ 6.85%
• 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

+274.8% since first listed

9 events — show timeline

• 2026-06-12 Listed $209,900 MLSNOW
• 2025-05-07 Pending — MLSNOW
• 2025-05-01 Sold (Public Records) $172,000 Public Records
• 2025-04-30 Sold (MLS) $172,000 MLSNOW
• 2025-04-01 Contingent — MLSNOW
• 2025-03-27 Listed $170,000 MLSNOW
• 2024-10-16 Sold (Public Records) $86,000 Public Records
• 1986-06-12 Sold (Public Records) $58,500 Public Records
• 1980-08-15 Sold (Public Records) $56,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $4,150 · +12.1% YoY. Source: county tax records.