7411 Wooster · Parma, OH 44129

$175,000

4 bd · 1.0 ba · 1,378 sqft · MultiFamily public records · 36 Days on market

Built 1933 5,118 sqft lot $127/sqft · 22% below area Est $224k · 22% under

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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 +28.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Very Unique Opportunity * * Large Single Family Home In Front W/ A Small Home In The Rear * * Front Home-brick Tudor, Hardwood Floors, Fireplace, Full Finished Bsmt-absolutely Stunning * * Rear Home-1 Bedroom, 1 Bath, 2nd Floor, Full Basement * * Tons Of Possibilities * *

Key facts

• Private in-law suite
• Oversized sunroom
• 5,118 sq ft lot

Tags

• PRIVATE IN-LAW SUITE
• DETACHED 2 BED ONE BATH SUITE
• INCOME PRODUCING PROPERTY
• PARTIALLY FINISHED BASEMENT
• OVERSIZED SUNROOM

Property features AI

Finance

• Other: Above-grade finished area reported as 1,378 (source: Realist)

Exterior

• Parking: Carport and driveway
• Utilities: Public water; Public sewer
• Home design: Two-story configuration; Brick construction; Asphalt roof
• Construction: Built (year from public records); Brick exterior; Asphalt roof; Unfinished basement foundation
• Exterior features: Two buildings on the property; Driveway; Carport (1 space)

Interior

• Bedrooms: Main home includes three bedrooms; Back property unit includes one bedroom
• Bathrooms: Main home has three bathrooms (total); Back property unit has one bathroom (total); Overall listing shows 2 full bathrooms and 1 half bathroom
• Heating & cooling: Forced air heating
• Interior features: Unfinished basement; Total of 9 rooms

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath multifamily listed at $175k.

Deal economics

• At list price, monthly cash flow is $546 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $170k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 5.0% in Parma — 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 82/100 on livability (#84 in OH, #1,232 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: employment C-, commute F.
• Parma City (suburban): math 43% / reading 52% proficiency, ranked #469 of 656 in OH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+4.3%/yr); 85 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 38% of the median local income ($71k/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 + 4.3% rent growth), your $49k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 31y ago; this cycle's ask has dropped $25k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $98k; list at $175k implies a 79% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1933 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $169,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1933 — 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. 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 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: 1.27% ✓
• Cap rate: 10.04%
• Cash-on-cash: 13.38%
• DSCR: 1.60
• GRM: 6.6

CMA / ARV

• ARV (median comp): $223,920
• List price: $175,000
• Delta: -21.85%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6606 Theota Ave	0.48mi	3/2.0 (-1)	1,452 (+5%)	7mo	$175,000	$121	54
6202 Bradley Ave	0.61mi	4/2.5	1,413 (+2%)	20mo	$195,000	$138	44
6206 Bradley Ave	0.60mi	3/2.0 (-1)	1,533 (+11%)	0mo	$175,000	$114	44

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 · 4.29% rent growth · sell at horizon

5-year hold

• IRR: 4.9%
• Equity multiple: 1.19×
• Total profit: $9,389
• Equity at exit: $26,093

10-year hold

• IRR: 15.5%
• Equity multiple: 2.34×
• Total profit: $65,423
• Equity at exit: $15,131

Cash invested: $49,000 (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 44129

• Rents YoY: 4.3%
• Active inventory: 85
• Price-to-rent: 16.0×

Monthly cashflow live

• Estimated rent: $2,223 high
• Mortgage (P&I): −$918
• Tax from tax record: −$219 /mo · $2,631/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $546

Break-even live

Break-even rent $1,532

Max offer price $175,000

Occupancy floor 70%

Sensitivity live

Price	-10% $645	-5% $596	+0% $546	+5% $497	+10% $447
Rent	-10% $371	-5% $458	+0% $546	+5% $634	+10% $722
Rate	-1.0pp $634	-0.5pp $591	base $546	+0.5pp $501	+1.0pp $455

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	1	1	$913
1× unit	3	2.5	$1,311
Total (2 units)			$2,223

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7514 Bertha Ave Cleveland, OH	5.0	2.0	1672	$1,776	$1.06	2d	1	0.33mi
6505 Snow Rd Unit REAR Parma, OH	3.0	1.5	1312	$1,599	$1.22	8d	1	0.42mi
8326 Fernhill Ave Cleveland, OH	3.0	1.0	1350	$1,700	$1.26	44d	1	0.46mi
6511 Luelda Ave Unit Na Parma, OH	3.0	2.0	1577	$1,975	$1.25	44d	1	0.63mi
5606 Theota Ave Cleveland, OH	3.0	1.5	1676	$1,400	$0.84	8d	1	0.71mi
5606 Theota Ave Cleveland, OH	3.0	1.5	1676	$1,400	$0.84	4d	1	0.71mi
5876 Wickfield Dr Cleveland, OH	5.0	2.0	1316	$1,900	$1.44	2d	1	0.75mi
7906 Lanyard Dr Unit 1496071P Parma, OH	4.0	1.5	1227	$5,834	$4.75	8d	1	0.81mi
6007 Merkle Ave Unit Down Parma, OH	3.0	1.0	1250	$1,399	$1.12	2d	1	0.81mi
9703 Snow Rd Cleveland, OH	3.0	1.0	1103	$1,675	$1.52	3d	1	0.91mi
4606 Lincoln Ave Cleveland, OH	3.0	2.0	1418	$1,995	$1.41	2d	1	1.04mi
6236 Westminster Dr Cleveland, OH	3.0	1.0	1131	$1,700	$1.50	15d	1	1.06mi
7903 Ackley Rd Unit 7903 Parma, OH	3.0	1.0	1100	$1,600	$1.45	44d	1	1.12mi
5252 W 45th St Unit 1496134P Parma, OH	3.0	2.0	1065	$5,388	$5.06	15d	1	1.20mi
4407 Woodway Ave Cleveland, OH	3.0	2.0	1728	$1,750	$1.01	24d	1	1.23mi
9474 Roxbury Rd Cleveland, OH	3.0	2.0	1050	$2,000	$1.90	24d	1	1.27mi
9474 Roxbury Rd Cleveland, OH	3.0	2.0	1050	$1,850	$1.76	4d	1	1.27mi
6227 Traymore Ave Cleveland, OH	3.0	2.0	1221	$1,575	$1.29	2d	1	1.43mi
3330 Fortune Ave Cleveland, OH	3.0	1.5	1258	$1,775	$1.41	44d	1	1.49mi

Listing history 35 events

1. 2026-06-13
   statusdays on market $175,000 Pending 36 DOM
2. 2026-06-13
   days on market $175,000 Active 35 DOM
3. 2026-06-09
   days on market $175,000 Active 32 DOM
4. 2026-06-08
   days on market $175,000 Active 31 DOM
5. 2026-06-07
   days on market $175,000 Active 30 DOM
6. 2026-06-05
   days on market $175,000 Active 27 DOM
7. 2026-06-03
   days on market $175,000 Active 26 DOM
8. 2026-06-02
   days on market $175,000 Active 25 DOM
9. 2026-06-01
   days on market $175,000 Active 24 DOM
10. 2026-05-31
    days on market $175,000 Active 23 DOM
11. 2026-05-07
    listed $199,990 Active 761-char remark
12. 2007-02-20
    soldstatus $98,000 277-char remark

    Show marketing remark (277 chars)

    Very Unique Opportunity * * Large Single Family Home In Front W/ A Small Home In The Rear * * Front Home-brick Tudor, Hardwood Floors, Fireplace, Full Finished Bsmt-absolutely Stunning * * Rear Home-1 Bedroom, 1 Bath, 2nd Floor, Full Basement * * Tons Of Possibilities * *

13. 2007-02-20
    soldstatus $98,000

    Show marketing remark (277 chars)

    Very Unique Opportunity * * Large Single Family Home In Front W/ A Small Home In The Rear * * Front Home-brick Tudor, Hardwood Floors, Fireplace, Full Finished Bsmt-absolutely Stunning * * Rear Home-1 Bedroom, 1 Bath, 2nd Floor, Full Basement * * Tons Of Possibilities * *

14. 2006-09-12
    listed $99,900 277-char remark

    Show marketing remark (277 chars)

    Very Unique Opportunity * * Large Single Family Home In Front W/ A Small Home In The Rear * * Front Home-brick Tudor, Hardwood Floors, Fireplace, Full Finished Bsmt-absolutely Stunning * * Rear Home-1 Bedroom, 1 Bath, 2nd Floor, Full Basement * * Tons Of Possibilities * *

15. 2006-09-12
    listed $99,900

    Show marketing remark (277 chars)

    Very Unique Opportunity * * Large Single Family Home In Front W/ A Small Home In The Rear * * Front Home-brick Tudor, Hardwood Floors, Fireplace, Full Finished Bsmt-absolutely Stunning * * Rear Home-1 Bedroom, 1 Bath, 2nd Floor, Full Basement * * Tons Of Possibilities * *

16. 2006-09-10
    historical
17. 2006-09-10
    historical
18. 2006-08-07
    listed $139,900
19. 2006-08-07
    listed $139,900
20. 2006-07-31
    historical
21. 2006-07-31
    historical
22. 2006-04-05
    listed $149,900
23. 2006-04-05
    listed $149,900
24. 2005-11-12
    historical
25. 2005-08-12
    listed $169,900
26. 2005-05-19
    historical
27. 2005-01-19
    listed $169,500
28. 2003-05-30
    soldstatus $152,160
29. 2003-05-28
    soldstatus $170,200
30. 2003-01-28
    listed $158,500
31. 2002-10-31
    historical
32. 2002-09-06
    listed $178,500
33. 1995-07-12
    soldstatus $107,500
34. 1995-06-03
    historical
35. 1995-05-03
    listed $127,900

ⓘ 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: $2,631 · $219/mo
• Projected year-2 tax: $2,681 · $223/mo
• Expected delta: +$49/yr (+$4/mo · 1.9%)

ⓘ 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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,676
• − Mortgage interest: −$9,803
• − Property taxes: −$2,631
• − Insurance: −$875
• − Repairs & maintenance: −$2,134
• − Management: −$2,134
• − Depreciation: −$5,091
• Taxable income: $4,008
• Est. tax owed @ 24.0%: −$962
• After-tax cash flow: $5,593/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: Parma City
• NCES district ID: 3904463
• Math proficiency: 43% ▼ -18.00%
• Reading proficiency: 52% ▼ -10.00%
• Median HH income: $50,371
• Composite: 40.72/100
• National rank: #3662
• State rank: #469 of 656 in OH

Livability — Parma

• Score: 82/100
• State rank: #84
• US rank: #1232

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parma, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 66,574
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 28,800
• Household income: $70,651
• Rent vs Own: 29.6% rent · 70.4% own
• Severe rent burden: 541.0

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: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 13% Two or more races 8% Black 7% Asian 2%
• Hispanic origin (detail): Puerto Rican 9%
• Common ancestry: Romanian 12% Subsaharan African 3% Scandinavian 1%
• Foreign-born: 11% · Canada, India, Vietnam
• Languages at home: 82% English-only · Spanish 7% Russian/Polish/Slavic 4% Other Indo-European 3%

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: ▼ -143.31%
• Current HPI: 184.2628
• Rent YoY: ▲ 4.29%
• 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

+36.8% since first listed

27 events — show timeline

• 2026-06-13 Pending — MLSNOW
• 2026-05-21 Price Changed $175,000 MLSNOW
• 2026-05-07 Listed $199,990 MLSNOW
• 2007-02-20 Sold (MLS) $98,000 MLSNOW
• 2007-02-20 Sold (MLS) $98,000 MLSNOW
• 2006-09-12 Listed $99,900 MLSNOW
• 2006-09-12 Listed $99,900 MLSNOW
• 2006-09-10 Listing Removed — MLSNOW
• 2006-09-10 Listing Removed — MLSNOW
• 2006-08-07 Listed $139,900 MLSNOW
• 2006-08-07 Listed $139,900 MLSNOW
• 2006-07-31 Listing Removed — MLSNOW
• 2006-07-31 Listing Removed — MLSNOW
• 2006-04-05 Listed $149,900 MLSNOW
• 2006-04-05 Listed $149,900 MLSNOW
• 2005-11-12 Listing Removed — MLSNOW
• 2005-08-12 Listed $169,900 MLSNOW
• 2005-05-19 Listing Removed — MLSNOW
• 2005-01-19 Listed $169,500 MLSNOW
• 2003-05-30 Sold (MLS) $152,160 MLSNOW
• 2003-05-28 Sold (Public Records) $170,200 Public Records
• 2003-01-28 Listed $158,500 MLSNOW
• 2002-10-31 Listing Removed — MLSNOW
• 2002-09-06 Listed $178,500 MLSNOW
• 1995-07-12 Sold (Public Records) $107,500 Public Records
• 1995-06-03 Listing Removed — MLSNOW
• 1995-05-03 Listed $127,900 MLSNOW

Property tax history

+3.2%/yr

Latest (2025): $2,631 · -3.5% YoY. Source: county tax records.