23338 Roger Dr · Euclid, OH 44123

$140,000

2 bd · 1.0 ba · 824 sqft · SingleFamily public records · 13 Days on market

Built 1949 5,802 sqft lot Est $116k · 20% over

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Why this score? — see what drove the F 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 +10.4/30.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• 1% rule +3.2/10.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this charming bungalow in the heart of Euclid. This home featuring three to four bedrooms, with two good sized bedrooms on the main level, and one or two bedrooms upstairs. The walls have been freshly painted throughout along with new carpet running through the living areas, creating a warm and inviting atmosphere. The home also offers a nicely sized eat-in kitchen with plenty of space for everyday dining and entertaining. Don't miss the opportunity to make this comfortable and versatile home your own!

Key facts

• New carpet
• Freshly painted
• Eat-in kitchen

Tags

• BUNGALOW
• FRESHLY PAINTED
• NEW CARPET
• EAT-IN KITCHEN

Property features AI

Finance

• HOA & community: Community access to lake, park, restaurant, shopping, street lights, sidewalks, and public transportation

Exterior

• Parking: Concrete parking; Drain present; No garage
• Utilities: Public water; Public sewer
• Home design: 2-story home; Vinyl siding
• Construction: Built per public records; Vinyl siding construction; Asphalt/fiberglass roof; Slab foundation
• Exterior features: Awning-covered patio; Patio; Shed(s); Chain link fencing; Back yard; Front yard; Flat, level lot; Near golf course; Has view

Interior

• Kitchen: Eat-in kitchen
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Hot water heating; Steam heating; Has heating
• Interior features: Double-pane windows; Ceiling fans; Eat-in kitchen
• Laundry & utility: In-unit laundry; Inside laundry area; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $-74 ($-882/yr) — negative.
• To cash-flow at today's rent, offer at most $127k (9.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $115k (18.0% below list).
• Recommended offer: $115k (18.0% 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 (+5.3%/yr); 93 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $968 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 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 23y 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 $72k; list at $140k implies a 94% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,766 (18.0% 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 1949 — 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. 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?
5. 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.
6. 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.
7. 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: 0.82% ✗
• Cap rate: 5.66%
• Cash-on-cash: -2.25%
• DSCR: 0.90
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $116,184
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
334 E 238th St	0.10mi	2/1.0	862 (+5%)	3mo	$119,900	$139	85
23297 Williams Ave	0.12mi	3/1.0 (+1)	826 (+0%)	11mo	$139,000	$168	80
370 E 232nd St	0.18mi	3/1.0 (+1)	826 (+0%)	22mo	$118,000	$143	68
101 E 238th St	0.46mi	1/1.0 (-1)	768 (-7%)	2mo	$108,000	$141	60
24621 Devoe Ave	0.44mi	2/2.0	846 (+3%)	23mo	$151,000	$178	52
435 E 250th St	0.48mi	2/1.0	720 (-13%)	14mo	$60,895	$85	45
331 E 250th St	0.57mi	2/1.0	935 (+14%)	21mo	$82,500	$88	33

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 · 5.28% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.37×
• Total profit: $-24,650
• Equity at exit: $20,874

10-year hold

• IRR: -5.7%
• Equity multiple: 0.60×
• Total profit: $-15,815
• Equity at exit: $12,105

Cash invested: $39,200 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,148 high
• Mortgage (P&I): −$734
• Tax from tax record: −$188 /mo · $2,252/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $-74

Break-even live

Break-even rent $1,241

Max offer price $127,014

Occupancy floor —

Sensitivity live

Price	-10% $6	-5% $-34	+0% $-74	+5% $-113	+10% $-153
Rent	-10% $-164	-5% $-119	+0% $-74	+5% $-28	+10% $17
Rate	-1.0pp $-3	-0.5pp $-38	base $-74	+0.5pp $-110	+1.0pp $-147

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
270 E 244th St Euclid, OH	1.0–2.0	1.0	702	$950	$1.35	21d	3	0.43mi
300 E 246th St Euclid, OH	3.0	1.0	1116	$1,864	$1.67	44d	1	0.43mi
22705 Lakeshore Blvd Euclid, OH	1.0	1.0	605	$850	$1.40	2d	10	0.44mi
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	13d	1	0.46mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$972	$1.14	2d	7	0.47mi
101 E 238th St Euclid, OH	2.0	1.0	959	$1,400	$1.46	15d	1	0.47mi
24453 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0–2.0	781	$1,040	$1.33	2d	10	0.54mi
24570 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0	925	$1,200	$1.30	44d	1	0.54mi
415 E 222nd St Unit 461-23 Euclid, OH	2.0	1.0	700	$875	$1.25	44d	1	0.61mi
681 Babbitt Rd Euclid, OH	1.0	1.0	684	$1,000	$1.46	44d	1	0.67mi
24801 Lake Shore Blvd Euclid, OH	2.0	1.0	640	$1,075	$1.68	4d	8	0.75mi
521 E 222nd St Euclid, OH	2.0	1.0	800	$1,500	$1.88	24d	1	0.77mi
488 E 222nd St Unit Up Euclid, OH	2.0	1.0	900	$1,100	$1.22	21d	1	0.78mi
611 E 260th St Euclid, OH	3.0	1.0	875	$1,595	$1.82	44d	1	0.79mi
25311 Lakeshore Blvd Unit C14 Euclid, OH	2.0	1.0	925	$995	$1.08	44d	1	0.83mi
25401 Lakeshore Blvd Unit D5 Euclid, OH	1.0	1.0	775	$875	$1.13	44d	1	0.87mi
25601 Lakeshore Blvd Unit F9 Euclid, OH	1.0	1.0	775	$895	$1.15	20d	1	0.95mi
824 E 236th St Euclid, OH	3.0	2.0	1100	$1,720	$1.56	2d	1	0.95mi
25611 Lakeshore Blvd Unit F11 Euclid, OH	2.0	1.0	925	$995	$1.08	44d	1	0.97mi
25701 Lakeshore Blvd Unit 1205 Euclid, OH	1.0	1.0	748	$1,040	$1.39	44d	1	0.99mi
26900 Forestview Ave Euclid, OH	3.0	1.0	1098	$1,450	$1.32	2d	1	1.14mi
20801 Crystal Ave Unit 1 Euclid, OH	1.0	1.0	600	$1,100	$1.83	8d	1	1.14mi
20231 Crystal Ave Euclid, OH	2.0	1.0	833	$799	$0.96	16d	1	1.29mi
22501 Arms Ave Euclid, OH	3.0	1.0	1044	$1,350	$1.29	24d	1	1.31mi
20990 Morris Ave Euclid, OH	3.0	1.0	778	$1,355	$1.74	44d	1	1.33mi
21301 Arbor Ave Euclid, OH	3.0	1.0	1050	$1,450	$1.38	20d	1	1.44mi
20500 Morris Ave Euclid, OH	3.0	1.0	1104	$1,399	$1.27	44d	1	1.45mi
961 E 224th St Euclid, OH	3.0	1.0	1034	$1,300	$1.26	16d	1	1.47mi

Listing history 9 events

1. 2026-06-18
   days on market $140,000 Active 13 DOM
2. 2026-06-17
   days on market $140,000 Active 12 DOM
3. 2026-06-16
   days on market $140,000 Active 11 DOM
4. 2026-06-15
   days on market $140,000 Active 10 DOM
5. 2026-06-13
   days on market $140,000 Active 8 DOM
6. 2026-06-09
   days on market $140,000 Active 4 DOM
7. 2026-06-08
   days on market $140,000 Active 3 DOM
8. 2026-06-07
   remarks 518-char remark
9. 2026-06-07
   listed $140,000 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: $2,252 · $188/mo
• Projected year-2 tax: $2,252 · $188/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 ≥95°F today · 17 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: $13,772
• − Mortgage interest: −$7,842
• − Property taxes: −$2,252
• − Insurance: −$700
• − Repairs & maintenance: −$1,102
• − Management: −$1,102
• − Depreciation: −$4,073
• Taxable loss: −$3,298
• Est. tax savings @ 24.0%: +$792
• After-tax cash flow: $-91/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

+100.3% since first listed

9 events — show timeline

• 2026-06-05 Listed $140,000 MLSNOW
• 2016-03-30 Listing Removed — MLSNOW
• 2015-06-05 Listed $75,000 MLSNOW
• 2007-05-01 Listing Removed — MLSNOW
• 2006-11-09 Listed $81,500 MLSNOW
• 2004-02-20 Sold (Public Records) $72,200 Public Records
• 2004-02-20 Sold (MLS) $72,200 MLSNOW
• 2003-12-31 Listing Removed — MLSNOW
• 2003-09-24 Listed $69,900 MLSNOW

Property tax history

+0.5%/yr

Latest (2025): $2,252 · -3.2% YoY. Source: county tax records.