24251 Puritan Rd · Euclid, OH 44123

$139,500

3 bd · 1.0 ba · 1,200 sqft · SingleFamily public records · 7 Days on market

Built 1953 5,941 sqft lot Est $167k · 16% 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 +20.8/30.0
• ARV discount +14.9/15.0
• DSCR +6.6/10.0
• 1% rule +5.4/10.0
• 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

Immaculate Brick Colonial, Newer Driveway, 2 Car Garage, Updated Kitchen With Oak Cupboards, Gas Fireplace

Key facts

• Eat-in kitchen
• Brick colonial
• Deep backyard

Tags

• BRICK COLONIAL
• HARDWOOD FLOORS
• EAT-IN KITCHEN
• FIRST-FLOOR UTILITY ROOM
• ABUNDANCE OF CLOSET SPACE
• DEEP BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $190 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).

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).
• This rent runs 31% of the median local income ($56k/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 $964 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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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 $76k; list at $140k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,500

Questions for the listing agent

1. Built in 1953 — 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: 1.04% ✓
• Cap rate: 7.93%
• Cash-on-cash: 5.85%
• DSCR: 1.26
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $166,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24251 Puritan Rd	0.00mi	3/1.0	1,200 (0%)	1mo	$132,000	$110	99
23896 Devoe Ave	0.12mi	3/1.5	1,326 (+10%)	0mo	$184,000	$139	74
795 E 260th St	0.56mi	3/1.5	1,194 (-0%)	2mo	$183,000	$153	70
23198 Gay St	0.41mi	4/1.5 (+1)	1,220 (+2%)	2mo	$155,000	$127	70
599 E 250th St	0.30mi	3/1.5	1,316 (+10%)	1mo	$154,500	$117	67
25401 Farringdon Ave	0.57mi	3/1.0	1,152 (-4%)	0mo	$186,000	$161	66
25731 Zeman Ave	0.68mi	3/1.5	1,155 (-4%)	2mo	$161,900	$140	59
24350 Stephen Ave	0.38mi	3/2.0	1,059 (-12%)	0mo	$185,000	$175	58
571 E 260th St	0.72mi	3/1.5	1,283 (+7%)	1mo	$155,000	$121	52
226 E 242nd St	0.71mi	3/1.5	1,344 (+12%)	1mo	$135,500	$101	44
26361 Elinore Ave	0.71mi	3/1.5	1,037 (-14%)	0mo	$190,000	$183	42
643 E 261st St	0.71mi	4/1.0 (+1)	1,344 (+12%)	1mo	$150,000	$112	41

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: -4.7%
• Equity multiple: 0.82×
• Total profit: $-7,052
• Equity at exit: $20,800

10-year hold

• IRR: 7.4%
• Equity multiple: 1.62×
• Total profit: $24,204
• Equity at exit: $12,061

Cash invested: $39,060 (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: 8.0×

Monthly cashflow live

• Estimated rent: $1,453 high
• Mortgage (P&I): −$732
• Tax from tax record: −$168 /mo · $2,015/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $190

Break-even live

Break-even rent $1,212

Max offer price $139,500

Occupancy floor 82%

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: $34,875
• Closing costs: $4,185
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	12d	1	0.06mi
23901 Puritan Rd Euclid, OH	3.0	1.0	1326	$1,595	$1.20	14d	1	0.16mi
655 E 240th St Euclid, OH	3.0	1.0	1341	$1,550	$1.16	43d	1	0.17mi
25291 Richards Ave Euclid, OH	4.0	1.0	1164	$1,850	$1.59	1d	1	0.38mi
645 Babbitt Rd Euclid, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	0.41mi
23307 Williams Ave Euclid, OH	4.0	1.0	1220	$1,700	$1.39	23d	1	0.42mi
884 E 248th St Euclid, OH	3.0	2.0	1440	$1,699	$1.18	1d	1	0.44mi
797 Babbitt Rd #22 Euclid, OH	3.0	1.5	1360	$1,600	$1.18	43d	1	0.46mi
374 E 232nd St Euclid, OH	3.0	1.0	1222	$1,995	$1.63	43d	1	0.50mi
368 E 248th St Euclid, OH	3.0	1.0	1440	$1,395	$0.97	43d	1	0.56mi
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
300 E 246th St Euclid, OH	3.0	1.0	1116	$1,864	$1.67	43d	1	0.64mi
611 E 260th St Euclid, OH	3.0	1.0	875	$1,595	$1.82	43d	1	0.65mi
26230 Briardale Ave Euclid, OH	3.0	2.0	1290	$1,600	$1.24	1d	1	0.66mi
824 E 236th St Euclid, OH	3.0	2.0	1100	$1,720	$1.56	1d	1	0.68mi
270 E 244th St Euclid, OH	1.0–2.0	1.0	702	$950	$1.35	21d	3	0.69mi
415 E 222nd St Unit 461-23 Euclid, OH	2.0	1.0	700	$875	$1.25	43d	1	0.70mi
26450 Drakefield Ave Euclid, OH	4.0	1.5	1241	$1,700	$1.37	1d	1	0.75mi
521 E 222nd St Euclid, OH	2.0	1.0	800	$1,500	$1.88	23d	1	0.76mi
26351 Farringdon Ave Euclid, OH	3.0	1.0	1257	$1,495	$1.19	1d	1	0.77mi
26200 S Lake Shr Euclid, OH	3.0	1.5	1305	$1,225	$0.94	7d	1	0.78mi
488 E 222nd St Unit Up Euclid, OH	2.0	1.0	900	$1,100	$1.22	21d	1	0.78mi
24570 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0	925	$1,200	$1.30	43d	1	0.79mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$1,168	$1.37	1d	7	0.81mi
24453 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0–2.0	781	$1,040	$1.33	1d	10	0.81mi
21860 Roberts Ave Euclid, OH	3.0	1.0	1253	$1,450	$1.16	7d	1	0.82mi
101 E 238th St Euclid, OH	2.0	1.0	959	$1,400	$1.46	14d	1	0.83mi
21751 Priday Ave Euclid, OH	3.0	1.0	1174	$1,545	$1.32	21d	1	0.94mi
26900 Zeman Ave Euclid, OH	4.0	1.5	1241	$1,531	$1.23	19d	1	0.96mi
24801 Lake Shore Blvd Euclid, OH	2.0	1.0	640	$1,075	$1.68	3d	8	0.98mi
22370 Tracy Ave Euclid, OH	3.0	1.0	1202	$1,575	$1.31	16d	1	1.00mi
25311 Lakeshore Blvd Unit C14 Euclid, OH	2.0	1.0	925	$995	$1.08	43d	1	1.02mi
21251 S Lake Shore Blvd Euclid, OH	3.0	2.0	1246	$1,595	$1.28	43d	1	1.04mi
27190 Zeman Ave Euclid, OH	4.0	1.0	1465	$1,800	$1.23	21d	1	1.06mi
27701 Mills Ave Unit 2E Euclid, OH	2.0	1.5	1176	$1,275	$1.08	43d	1	1.06mi
26900 Forestview Ave Euclid, OH	3.0	1.0	1098	$1,450	$1.32	1d	1	1.09mi
22501 Arms Ave Euclid, OH	3.0	1.0	1044	$1,350	$1.29	23d	1	1.09mi
26700 Tungsten Rd Unit TN 202 Euclid, OH	2.0	1.0	779	$1,200	$1.54	43d	1	1.12mi
25611 Lakeshore Blvd Unit F11 Euclid, OH	2.0	1.0	925	$995	$1.08	43d	1	1.13mi

Listing history 10 events

1. 2026-04-10
   status Pending
2. 2026-04-03
   listed $139,500 Active
3. 2013-10-25
   historical
4. 2013-08-21
   listed $64,900
5. 1998-06-04
   soldstatus $76,500 106-char remark

   Show marketing remark (106 chars)

   Immaculate Brick Colonial, Newer Driveway, 2 Car Garage, Updated Kitchen With Oak Cupboards, Gas Fireplace

6. 1998-06-01
   soldstatus $76,500
7. 1998-04-06
   listed $83,500 106-char remark

   Show marketing remark (106 chars)

   Immaculate Brick Colonial, Newer Driveway, 2 Car Garage, Updated Kitchen With Oak Cupboards, Gas Fireplace

8. 1989-10-06
   soldstatus $58,900
9. 1983-05-26
   soldstatus $48,000
10. 1980-11-05
    soldstatus $40,000

ⓘ 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: $2,015 · $168/mo
• Projected year-2 tax: $2,095 · $175/mo
• Expected delta: +$81/yr (+$7/mo · 4.0%)

ⓘ 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: $17,437
• − Mortgage interest: −$7,814
• − Property taxes: −$2,015
• − Insurance: −$698
• − Repairs & maintenance: −$1,395
• − Management: −$1,395
• − Depreciation: −$4,058
• Taxable income: $63
• Est. tax owed @ 24.0%: −$15
• After-tax cash flow: $2,270/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

+248.7% since first listed

10 events — show timeline

• 2026-04-10 Pending — MLSNOW
• 2026-04-03 Listed $139,500 MLSNOW
• 2013-10-25 Listing Removed — MLSNOW
• 2013-08-21 Listed $64,900 MLSNOW
• 1998-06-04 Sold (MLS) $76,500 MLSNOW
• 1998-06-01 Sold (Public Records) $76,500 Public Records
• 1998-04-06 Listed $83,500 MLSNOW
• 1989-10-06 Sold (Public Records) $58,900 Public Records
• 1983-05-26 Sold (Public Records) $48,000 Public Records
• 1980-11-05 Sold (Public Records) $40,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $2,015 · -7.1% YoY. Source: county tax records.