26890 Drakefield Ave · Euclid, OH 44132

$165,000

4 bd · 1.0 ba · 1,241 sqft · SingleFamily public records · 14 Days on market

Built 1952 5,802 sqft lot Est $174k · 5% 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).

• Cash flow +19.0/30.0
• ARV discount +9.8/15.0
• DSCR +6.0/10.0
• 1% rule +5.5/10.0
• Rent growth +5.0/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Easy first floor living awaits! This cozy bungalow has been well maintained and has fresh paint throughout. Crisp and clean, complete with white picket fence, fully fenced back yard, and patio to enjoy BBQs. Plenty of storage in your 1.5 car garage. Situated on a pretty tree lined street, close to all amenities. Welcome Home!

Key facts

• 5,802 sq ft lot
• Garage
• Built 1952

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-family property; Built per public records
• Construction: Vinyl siding; Asphalt/fiberglass roof; Slab foundation; Built year from public records
• Exterior features: Awning(s); Private yard; Back yard; Chain-link fencing

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Double-pane windows; 6 total rooms
• Laundry & utility: Washer and dryer on the main level

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $171 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).

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; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 43% 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 $5k 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 + 8.0% rent growth), your $46k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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 $135k; 22% 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 $165,000

Questions for the listing agent

1. Built in 1952 — 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: 1.05% ✓
• Cap rate: 7.54%
• Cash-on-cash: 4.44%
• DSCR: 1.20
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $173,740
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26901 Farringdon Ave	0.13mi	4/1.5	1,339 (+8%)	1mo	$156,000	$117	78
643 E 261st St	0.23mi	4/1.0	1,344 (+8%)	1mo	$150,000	$112	75
571 E 260th St	0.32mi	3/1.5 (-1)	1,283 (+3%)	1mo	$155,000	$121	72
795 E 260th St	0.38mi	3/1.5 (-1)	1,194 (-4%)	2mo	$183,000	$153	68
311 E 262nd St	0.68mi	4/1.5	1,215 (-2%)	0mo	$200,000	$165	63
29023 Weber Ave	0.53mi	4/1.5	1,164 (-6%)	0mo	$210,000	$180	63
434 E 272nd St	0.63mi	4/1.5	1,282 (+3%)	1mo	$195,000	$152	62
25731 Zeman Ave	0.43mi	3/1.5 (-1)	1,155 (-7%)	2mo	$161,900	$140	60
25401 Farringdon Ave	0.50mi	3/1.0 (-1)	1,152 (-7%)	0mo	$186,000	$161	60
599 E 250th St	0.63mi	3/1.5 (-1)	1,316 (+6%)	1mo	$154,500	$117	53
568 Sycamore Dr	0.38mi	3/2.0 (-1)	1,401 (+13%)	2mo	$176,400	$126	50
406 E 274th St	0.74mi	3/1.0 (-1)	1,366 (+10%)	1mo	$115,000	$84	43

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: -3.6%
• Equity multiple: 0.86×
• Total profit: $-6,643
• Equity at exit: $24,602

10-year hold

• IRR: 11.2%
• Equity multiple: 2.08×
• Total profit: $50,113
• Equity at exit: $14,266

Cash invested: $46,200 (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 44132

• Home prices YoY: -16.9%
• Rents YoY: 15.5%
• Active inventory: 39
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,731 high
• Mortgage (P&I): −$865
• Tax from tax record: −$262 /mo · $3,149/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $171

Break-even live

Break-even rent $1,514

Max offer price $165,000

Occupancy floor 85%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26450 Drakefield Ave Euclid, OH	4.0	1.5	1241	$1,700	$1.37	1d	1	0.15mi
26900 Zeman Ave Euclid, OH	4.0	1.5	1241	$1,531	$1.23	19d	1	0.19mi
26230 Briardale Ave Euclid, OH	3.0	2.0	1290	$1,600	$1.24	1d	1	0.22mi
27190 Zeman Ave Euclid, OH	4.0	1.0	1465	$1,800	$1.23	21d	1	0.23mi
26351 Farringdon Ave Euclid, OH	3.0	1.0	1257	$1,495	$1.19	1d	1	0.24mi
611 E 260th St Euclid, OH	3.0	1.0	875	$1,595	$1.82	43d	1	0.31mi
26900 Forestview Ave Euclid, OH	3.0	1.0	1098	$1,450	$1.32	1d	1	0.43mi
25291 Richards Ave Euclid, OH	4.0	1.0	1164	$1,850	$1.59	1d	1	0.55mi
27471 Forestview Ave Euclid, OH	3.0	1.0	1282	$1,495	$1.17	43d	1	0.61mi
25301 Shoreview Ave Euclid, OH	3.0	2.0	1131	$1,849	$1.63	14d	1	0.61mi
25301 Shoreview Ave Euclid, OH	3.0	2.0	1131	$1,499	$1.33	1d	1	0.61mi
368 E 248th St Euclid, OH	3.0	1.0	1440	$1,395	$0.97	43d	1	0.77mi
245 E 262nd St Euclid, OH	3.0	2.0	1226	$1,840	$1.50	1d	1	0.83mi
300 E 246th St Euclid, OH	3.0	1.0	1116	$1,864	$1.67	43d	1	0.85mi
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	12d	1	0.92mi
26611 Lakeshore Blvd Unit UP Euclid, OH	3.0	2.0	1400	$1,275	$0.91	20d	1	0.95mi
655 E 240th St Euclid, OH	3.0	1.0	1341	$1,550	$1.16	43d	1	1.02mi
884 E 248th St Euclid, OH	3.0	2.0	1440	$1,699	$1.18	1d	1	1.03mi
23901 Puritan Rd Euclid, OH	3.0	1.0	1326	$1,595	$1.20	14d	1	1.03mi
27800 Euclid Ave Unit Euclid 35 Parkhill Apts-5 Euclid, OH	3.0	1.5	755	$1,200	$1.59	43d	1	1.06mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$1,168	$1.37	1d	7	1.10mi
23307 Williams Ave Euclid, OH	4.0	1.0	1220	$1,700	$1.39	23d	1	1.15mi
797 Babbitt Rd #22 Euclid, OH	3.0	1.5	1360	$1,600	$1.18	43d	1	1.21mi
374 E 232nd St Euclid, OH	3.0	1.0	1222	$1,995	$1.63	43d	1	1.25mi
645 Babbitt Rd Euclid, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	1.26mi
26251 Brush Ave Euclid, OH	2.0–3.0	1.0	769	$1,600	$2.08	1d	2	1.27mi
1517 E 256th St Euclid, OH	3.0	1.0	1002	$1,300	$1.30	23d	1	1.44mi
824 E 236th St Euclid, OH	3.0	2.0	1100	$1,720	$1.56	1d	1	1.45mi

Listing history 26 events

1. 2026-06-13
   statusdays on market $165,000 Pending 14 DOM
2. 2026-06-09
   days on market $165,000 Active 13 DOM
3. 2026-06-08
   days on market $165,000 Active 12 DOM
4. 2026-06-07
   days on market $165,000 Active 11 DOM
5. 2026-06-05
   days on market $165,000 Active 8 DOM
6. 2026-06-03
   days on market $165,000 Active 7 DOM
7. 2026-06-02
   days on market $165,000 Active 6 DOM
8. 2026-06-01
   days on market $165,000 Active 5 DOM
9. 2026-05-31
   days on market $165,000 Active 4 DOM
10. 2026-05-27
    listed $165,000 Active
11. 2022-05-09
    status Pending 327-char remark

    Show marketing remark (327 chars)

    Easy first floor living awaits! This cozy bungalow has been well maintained and has fresh paint throughout. Crisp and clean, complete with white picket fence, fully fenced back yard, and patio to enjoy BBQs. Plenty of storage in your 1.5 car garage. Situated on a pretty tree lined street, close to all amenities. Welcome Home!

12. 2022-05-06
    soldstatus $135,000 Closed 327-char remark

    Show marketing remark (327 chars)

    Easy first floor living awaits! This cozy bungalow has been well maintained and has fresh paint throughout. Crisp and clean, complete with white picket fence, fully fenced back yard, and patio to enjoy BBQs. Plenty of storage in your 1.5 car garage. Situated on a pretty tree lined street, close to all amenities. Welcome Home!

13. 2022-05-05
    soldstatus $135,000
14. 2022-03-30
    historical Contingent 327-char remark

    Show marketing remark (327 chars)

    Easy first floor living awaits! This cozy bungalow has been well maintained and has fresh paint throughout. Crisp and clean, complete with white picket fence, fully fenced back yard, and patio to enjoy BBQs. Plenty of storage in your 1.5 car garage. Situated on a pretty tree lined street, close to all amenities. Welcome Home!

15. 2022-03-27
    listed $130,000 Active 327-char remark

    Show marketing remark (327 chars)

    Easy first floor living awaits! This cozy bungalow has been well maintained and has fresh paint throughout. Crisp and clean, complete with white picket fence, fully fenced back yard, and patio to enjoy BBQs. Plenty of storage in your 1.5 car garage. Situated on a pretty tree lined street, close to all amenities. Welcome Home!

16. 2021-10-01
    soldstatus $120,000
17. 2021-09-30
    soldstatus $120,000 Closed 571-char remark

    Show marketing remark (571 chars)

    Attention to detail shows in this crisp and attractive bungalow located on a pretty tree-lined street. It features 4 bedrooms, replacement windows, updated bath and central air. A laundry room with space for storage is located on the first floor. This home has been recently painted throughout in a fresh neutral color. There is outstanding appeal from the front picket fence with beautiful landscaping to the deep fully fenced rear yard. The 1½ car garage with opener provides space for the car and extra storage. You won't want to miss this rare gem of a home!!!

18. 2021-09-28
    status Pending 571-char remark

    Show marketing remark (571 chars)

    Attention to detail shows in this crisp and attractive bungalow located on a pretty tree-lined street. It features 4 bedrooms, replacement windows, updated bath and central air. A laundry room with space for storage is located on the first floor. This home has been recently painted throughout in a fresh neutral color. There is outstanding appeal from the front picket fence with beautiful landscaping to the deep fully fenced rear yard. The 1½ car garage with opener provides space for the car and extra storage. You won't want to miss this rare gem of a home!!!

19. 2021-08-22
    historical Contingent 571-char remark

    Show marketing remark (571 chars)

    Attention to detail shows in this crisp and attractive bungalow located on a pretty tree-lined street. It features 4 bedrooms, replacement windows, updated bath and central air. A laundry room with space for storage is located on the first floor. This home has been recently painted throughout in a fresh neutral color. There is outstanding appeal from the front picket fence with beautiful landscaping to the deep fully fenced rear yard. The 1½ car garage with opener provides space for the car and extra storage. You won't want to miss this rare gem of a home!!!

20. 2021-08-17
    listed $109,750 Active 571-char remark

    Show marketing remark (571 chars)

    Attention to detail shows in this crisp and attractive bungalow located on a pretty tree-lined street. It features 4 bedrooms, replacement windows, updated bath and central air. A laundry room with space for storage is located on the first floor. This home has been recently painted throughout in a fresh neutral color. There is outstanding appeal from the front picket fence with beautiful landscaping to the deep fully fenced rear yard. The 1½ car garage with opener provides space for the car and extra storage. You won't want to miss this rare gem of a home!!!

21. 2004-09-28
    soldstatus $100,500
22. 2004-09-28
    soldstatus $100,500
23. 2004-06-12
    listed $103,000
24. 2003-07-10
    soldstatus $96,400
25. 2003-07-10
    soldstatus $94,900
26. 2003-05-29
    listed $94,900

ⓘ 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: $3,149 · $262/mo
• Projected year-2 tax: $3,149 · $262/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 · 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: $20,770
• − Mortgage interest: −$9,243
• − Property taxes: −$3,149
• − Insurance: −$825
• − Repairs & maintenance: −$1,662
• − Management: −$1,662
• − Depreciation: −$4,800
• Taxable loss: −$570
• Est. tax savings @ 24.0%: +$137
• After-tax cash flow: $2,188/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

+73.9% since first listed

17 events — show timeline

• 2026-05-27 Listed $165,000 MLSNOW
• 2022-05-09 Pending — MLSNOW
• 2022-05-06 Sold (MLS) $135,000 MLSNOW
• 2022-05-05 Sold (Public Records) $135,000 Public Records
• 2022-03-30 Contingent — MLSNOW
• 2022-03-27 Listed $130,000 MLSNOW
• 2021-10-01 Sold (Public Records) $120,000 Public Records
• 2021-09-30 Sold (MLS) $120,000 MLSNOW
• 2021-09-28 Pending — MLSNOW
• 2021-08-22 Contingent — MLSNOW
• 2021-08-17 Listed $109,750 MLSNOW
• 2004-09-28 Sold (Public Records) $100,500 Public Records
• 2004-09-28 Sold (MLS) $100,500 MLSNOW
• 2004-06-12 Listed $103,000 MLSNOW
• 2003-07-10 Sold (Public Records) $94,900 Public Records
• 2003-07-10 Sold (MLS) $96,400 MLSNOW
• 2003-05-29 Listed $94,900 MLSNOW

Property tax history

+3.3%/yr

Latest (2025): $3,149 · -2.9% YoY. Source: county tax records.