797 Babbitt Rd #30 · Euclid, OH 44123

$68,000

2 bd · 1.5 ba · 992 sqft · Condo public records · 17 Days on market

Built 1967 $210/mo HOA · 17% of rent

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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 +27.9/30.0
• 1% rule +10.0/10.0
• DSCR +9.9/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

UNBEATABLE PRICE! SUPER AFFORDABLE LIVING IN THIS STUNNING 2 BEDROOM, 1/5 BATH SPACIOUS CONDO. THIS TWO-BEDROOM UNIT IS A MOVED-IN READY. FLOORS ARE NEWLY DONE. HEATING AND COOLING IS 4 YEARS OLD!. .. TAKE ADVANTAGE OF THE LOW PROPERTY TAXES OF $644 PER YEAR, IT MAKES THIS CONDO SUPER AFFORDABLE. LOCATION IS VERY CONVENIENT. YOU GET EXCELLENT ACCESS TO THE HIGHWAY, MINUTS OF DRIVING TO DOWNTOWN CLELAND, UNITVERSITY CIRCLE FO RGREAT SHOPPING. LAKE ERIE SHORE IS NEARBY, WELL-MAINTAINED PARKS, RESTAURANTS, AND ENTERTAINMENT DISTRICT. WHY BUY A CAR WHEN YOU CAN BUY AND AMAZING PIECE OF INVESTMENT PROPERTY? SCHEDULE YOUR APPOINTMENT TODAY BEFORE IT'S TOO LATE!

Key facts

• $210 HOA
• Built 1967
• Listed 17 days

Property features AI

Finance

• Financial info: Pets allowed with number and size limits
• HOA & community: Monthly association fee of $210 (includes trash)

Exterior

• Utilities: Public water; Public sewer
• Home design: 2-story property; Entry level listed as 30
• Construction: Brick construction; Asphalt shingle roof
• Exterior features: 2.16-acre lot

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom; Main level bathroom available
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Total of 4 rooms
• Laundry & utility: Laundry located on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $68k.

Deal economics

• At list price, monthly cash flow is $209 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $67k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 6.8% in Euclid — 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 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 (+5.3%/yr); 93 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $470 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 5.3% rent growth), your $19k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 28y 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 $50k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price.

Recommended offer $66,980 (1.5% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.80% ✓
• Cap rate: 9.98%
• Cash-on-cash: 13.19%
• DSCR: 1.59
• GRM: 4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.28% rent growth · sell at horizon

5-year hold

• IRR: 7.0%
• Equity multiple: 1.28×
• Total profit: $5,370
• Equity at exit: $10,139

10-year hold

• IRR: 19.0%
• Equity multiple: 2.84×
• Total profit: $34,961
• Equity at exit: $5,879

Cash invested: $19,040 (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 44123

• Home prices YoY: -25.0%
• Rents YoY: 5.3%
• Active inventory: 93
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,223 high
• Mortgage (P&I): −$357
• Tax from tax record: −$162 /mo · $1,942/yr
• Insurance: −$28
• HOA: −$210
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $209

Break-even live

Break-even rent $958

Max offer price $68,000

Occupancy floor 78%

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
681 Babbitt Rd Euclid, OH	1.0	1.0	684	$1,000	$1.46	43d	1	0.17mi
824 E 236th St Euclid, OH	3.0	2.0	1100	$1,720	$1.56	1d	1	0.21mi
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	12d	1	0.45mi
521 E 222nd St Euclid, OH	2.0	1.0	800	$1,500	$1.88	23d	1	0.58mi
488 E 222nd St Unit Up Euclid, OH	2.0	1.0	900	$1,100	$1.22	21d	1	0.62mi
22501 Arms Ave Euclid, OH	3.0	1.0	1044	$1,350	$1.29	23d	1	0.62mi
415 E 222nd St Unit 461-23 Euclid, OH	2.0	1.0	700	$875	$1.25	43d	1	0.66mi
961 E 224th St Euclid, OH	3.0	1.0	1034	$1,300	$1.26	16d	1	0.74mi
1517 E 256th St Euclid, OH	3.0	1.0	1002	$1,300	$1.30	23d	1	0.84mi
1550 E 256th St Euclid, OH	3.0	1.0	1054	$1,700	$1.61	1d	1	0.89mi
1554 E 256th St Euclid, OH	2.0	2.0	1062	$1,250	$1.18	23d	1	0.90mi
21301 Arbor Ave Euclid, OH	3.0	1.0	1050	$1,450	$1.38	19d	1	0.93mi
20990 Morris Ave Euclid, OH	3.0	1.0	778	$1,355	$1.74	43d	1	0.95mi
26251 Brush Ave Euclid, OH	2.0–3.0	1.0	769	$1,200	$1.56	1d	2	0.98mi
26700 Tungsten Rd Unit TN 202 Euclid, OH	2.0	1.0	779	$1,200	$1.54	43d	1	0.98mi
26660 Tungsten Rd Unit 105 Euclid, OH	2.0	1.0	900	$1,195	$1.33	4d	1	1.00mi
26660 Tungsten Rd Apt 102 Euclid, OH	1.0	1.0	750	$1,095	$1.46	4d	1	1.00mi
20801 Crystal Ave Unit 1 Euclid, OH	1.0	1.0	600	$1,100	$1.83	7d	1	1.01mi
26640 Tungsten Rd Euclid, OH	2.0	1.0	779	$1,100	$1.41	43d	1	1.01mi
927 E 216th St Unit 1 Euclid, OH	2.0	1.0	850	$1,147	$1.35	4d	1	1.03mi
611 E 260th St Euclid, OH	3.0	1.0	875	$1,595	$1.82	43d	1	1.09mi
20500 Morris Ave Euclid, OH	3.0	1.0	1104	$1,399	$1.27	43d	1	1.12mi
300 E 246th St Euclid, OH	3.0	1.0	1116	$1,864	$1.67	43d	1	1.14mi
871 E 212th St Cleveland, OH	3.0	1.5	1092	$1,399	$1.28	43d	1	1.16mi
270 E 244th St Euclid, OH	1.0–2.0	1.0	702	$950	$1.35	21d	3	1.18mi
20231 Crystal Ave Euclid, OH	2.0	1.0	833	$799	$0.96	16d	1	1.18mi
22705 Lakeshore Blvd Euclid, OH	1.0	1.0	605	$850	$1.40	1d	10	1.21mi
20664 Miller Ave Unit Down Unit Euclid, OH	3.0	2.0	1100	$1,200	$1.09	43d	1	1.24mi
24630 Euclid Ave Euclid, OH	2.0	1.0	750	$1,100	$1.47	10d	1	1.25mi
455 E 200th St Cleveland, OH	2.0	1.0	950	$1,150	$1.21	23d	1	1.28mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$972	$1.14	1d	7	1.28mi
24570 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0	925	$1,200	$1.30	43d	1	1.29mi
101 E 238th St Euclid, OH	2.0	1.0	959	$1,400	$1.46	14d	1	1.29mi
404 E 200th St Cleveland, OH	2.0	1.0	884	$1,095	$1.24	43d	1	1.29mi
24453 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0–2.0	781	$1,040	$1.33	1d	10	1.31mi
27800 Euclid Ave Unit Euclid 35 Parkhill Apts-5 Euclid, OH	3.0	1.5	755	$1,200	$1.59	43d	1	1.35mi
27800 Euclid Ave Unit Euclid 35 -Hillandale Apts-306 Euclid, OH	2.0	1.0	750	$950	$1.27	7d	1	1.35mi
4 Gateway Dr Euclid, OH	2.0	1.0–2.0	650	$1,150	$1.77	7d	5	1.43mi
24130 Euclid Ave Euclid, OH	2.0	1.0	725	$1,200	$1.66	16d	2	1.43mi
24801 Lake Shore Blvd Euclid, OH	2.0	1.0	640	$1,075	$1.68	3d	8	1.48mi

HOA detail condo

• Monthly dues: $210 · $2,520/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-18
   days on market $68,000 Active 17 DOM
2. 2026-06-17
   days on market $68,000 Active 16 DOM
3. 2026-06-16
   days on market $68,000 Active 15 DOM
4. 2026-06-15
   days on market $68,000 Active 14 DOM
5. 2026-06-13
   days on market $68,000 Active 12 DOM
6. 2026-06-09
   days on market $68,000 Active 8 DOM
7. 2026-06-08
   days on market $68,000 Active 7 DOM
8. 2026-06-07
   days on market $68,000 Active 6 DOM
9. 2026-06-05
   days on market $68,000 Active 3 DOM
10. 2026-06-03
    days on market $68,000 Active 2 DOM
11. 2026-06-02
    remarks 334-char remark
12. 2026-06-02
    listed $68,000 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: $1,942 · $162/mo
• Projected year-2 tax: $1,942 · $162/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
• 🌡 Heat 3/10 Moderate 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low

Taxation est. · year 1

• Rental income: $14,674
• − Mortgage interest: −$3,809
• − Property taxes: −$1,942
• − Insurance: −$340
• − Repairs & maintenance: −$1,174
• − Management: −$1,174
• − HOA: −$2,520
• − Depreciation: −$1,978
• Taxable income: $1,736
• Est. tax owed @ 24.0%: −$417
• After-tax cash flow: $2,094/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): 18,050
• Household income: $55,676
• Rent vs Own: 54.6% rent · 45.4% own
• Severe rent burden: 1085.0

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 (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Romanian 5%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Chinese 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: ▼ -62.82%
• Current HPI: 188.4932
• Rent YoY: ▲ 5.28%
• 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

+209.1% since first listed

22 events — show timeline

• 2026-06-01 Listed $68,000 MLSNOW
• 2025-03-07 Rental Removed $1,100 APPFOLIO
• 2025-01-13 Price Changed $1,100 APPFOLIO
• 2025-01-08 Listed for Rent $1,350 APPFOLIO
• 2020-09-22 Sold (MLS) $50,000 MLSNOW
• 2020-09-03 Pending — MLSNOW
• 2020-07-25 Listed $53,900 MLSNOW
• 2015-01-12 Sold (Public Records) $18,000 Public Records
• 2015-01-09 Sold (MLS) $18,000 MLSNOW
• 2014-07-13 Listed $23,000 MLSNOW
• 2013-12-26 Listing Removed — MLSNOW
• 2013-06-26 Listed $45,000 MLSNOW
• 2009-07-13 Listing Removed — MLSNOW
• 2008-10-01 Listed $39,999 MLSNOW
• 2001-12-14 Sold (Public Records) $47,900 Public Records
• 1999-12-23 Sold (MLS) $34,000 MLSNOW
• 1999-12-22 Sold (Public Records) $34,000 Public Records
• 1999-10-25 Listed $39,900 MLSNOW
• 1999-09-05 Listing Removed — MLSNOW
• 1998-09-15 Listed $39,900 MLSNOW
• 1978-04-01 Sold (Public Records) $27,000 Public Records
• 1976-03-01 Sold (Public Records) $22,000 Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,942 · -2.9% YoY. Source: county tax records.