411 E 264th St · Euclid, OH 44132

$139,000

2 bd · 1.0 ba · 1,418 sqft · SingleFamily public records · 10 Days on market

Built 1952 5,000 sqft lot Est $197k · 29% 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 +18.0/30.0
• ARV discount +15.0/15.0
• 1% rule +5.7/10.0
• DSCR +5.6/10.0
• 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

Brick master bungalow w/ 4 bedrooms and 1.5 baths! Formal dining room! Full basement! Newer roof. CA. Tenant occupied with one year lease. Rent is 1200/month! Income producing property! Call lister for details!

Key facts

• Manageable yard
• Second fireplace
• Brick cape cod

Tags

• BRICK CAPE COD
• LIVING ROOM WITH FIREPLACE
• ENCLOSED SUN PORCH
• FINISHED BASEMENT REC ROOM
• SECOND FIREPLACE
• MANAGEABLE YARD

Property features AI

Finance

• HOA & community: Community amenities nearby: laundry facilities, medical services, playground, park, restaurants, shopping, public transportation

Exterior

• Parking: Detached garage; Driveway (paved)
• Utilities: Public water; Public sewer
• Home design: 2-story home; Block foundation
• Construction: Brick construction; Asphalt/fiberglass roof; Built (year source: public records)
• Exterior features: Enclosed porch; Patio; Porch; Lot approximately 50 x 100

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Full finished basement; 2 fireplaces (living room and basement); 6 total rooms
• Laundry & utility: Laundry in basement

🏷️ Possibly a rental listed for sale. The $139,000 price doesn't fit this home's estimated sale value (~$197,102) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $139k.

Deal economics

• At list price, monthly cash flow is $119 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $139k).

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; 27 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 37% 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 $961 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 30y 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 $88k; list at $139k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,000

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: 1.07% ✓
• Cap rate: 7.32%
• Cash-on-cash: 3.66%
• DSCR: 1.16
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $197,102
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
406 E 274th St	0.42mi	3/1.0 (+1)	1,366 (-4%)	1mo	$115,000	$84	68
27190 Zeman Ave	0.43mi	3/1.0 (+1)	1,465 (+3%)	2mo	$127,000	$87	67
568 Sycamore Dr	0.46mi	3/2.0 (+1)	1,401 (-1%)	2mo	$176,400	$126	66
411 E 270th St	0.21mi	3/1.0 (+1)	1,245 (-12%)	2mo	$207,500	$167	63
298 E 270 St	0.32mi	3/1.5 (+1)	1,274 (-10%)	2mo	$160,000	$126	60
295 E 276th St	0.69mi	3/1.5 (+1)	1,428 (+1%)	1mo	$245,000	$172	59
730 Hemlock Dr	0.62mi	3/2.0 (+1)	1,401 (-1%)	2mo	$195,000	$139	59
571 E 260th St	0.39mi	3/1.5 (+1)	1,283 (-10%)	1mo	$155,000	$121	58
427 E 275 St	0.48mi	3/2.0 (+1)	1,576 (+11%)	3mo	$230,000	$146	48
24891 Zeman Ave	0.60mi	3/1.0 (+1)	1,246 (-12%)	2mo	$155,000	$124	45
29234 Grand Blvd	0.68mi	3/2.0 (+1)	1,260 (-11%)	0mo	$255,000	$202	40
24791 Drakefield Ave	0.70mi	3/2.0 (+1)	1,218 (-14%)	2mo	$202,500	$166	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.82×
• Total profit: $-7,042
• Equity at exit: $20,725

10-year hold

• IRR: 10.5%
• Equity multiple: 2.02×
• Total profit: $39,603
• Equity at exit: $12,018

Cash invested: $38,920 (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: 7.8×

Monthly cashflow live

• Estimated rent: $1,483 high
• Mortgage (P&I): −$729
• Tax from tax record: −$266 /mo · $3,192/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $119

Break-even live

Break-even rent $1,333

Max offer price $139,000

Occupancy floor 87%

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26900 Forestview Ave Euclid, OH	3.0	1.0	1098	$1,450	$1.32	1d	1	0.19mi
245 E 262nd St Euclid, OH	3.0	2.0	1226	$1,840	$1.50	1d	1	0.26mi
25611 Lakeshore Blvd Unit F11 Euclid, OH	2.0	1.0	925	$995	$1.08	43d	1	0.37mi
26611 Lakeshore Blvd Unit UP Euclid, OH	3.0	2.0	1400	$1,275	$0.91	20d	1	0.40mi
26351 Farringdon Ave Euclid, OH	3.0	1.0	1257	$1,495	$1.19	1d	1	0.40mi
25311 Lakeshore Blvd Unit C14 Euclid, OH	2.0	1.0	925	$995	$1.08	43d	1	0.42mi
27471 Forestview Ave Euclid, OH	3.0	1.0	1282	$1,495	$1.17	43d	1	0.44mi
25301 Shoreview Ave Euclid, OH	3.0	2.0	1131	$1,499	$1.33	1d	1	0.48mi
25301 Shoreview Ave Euclid, OH	3.0	2.0	1131	$1,849	$1.63	14d	1	0.48mi
611 E 260th St Euclid, OH	3.0	1.0	875	$1,595	$1.82	43d	1	0.49mi
26230 Briardale Ave Euclid, OH	3.0	2.0	1290	$1,600	$1.24	1d	1	0.58mi
368 E 248th St Euclid, OH	3.0	1.0	1440	$1,395	$0.97	43d	1	0.63mi
24570 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0	925	$1,200	$1.30	43d	1	0.63mi
300 E 246th St Euclid, OH	3.0	1.0	1116	$1,864	$1.67	43d	1	0.64mi
24453 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0–2.0	781	$1,040	$1.33	1d	10	0.67mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$972	$1.14	1d	7	0.81mi
101 E 238th St Euclid, OH	2.0	1.0	959	$1,400	$1.46	14d	1	0.85mi
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	12d	1	1.13mi
23214 Gay St Euclid, OH	3.0	1.0	1634	$1,864	$1.14	23d	1	1.20mi
23901 Puritan Rd Euclid, OH	3.0	1.0	1326	$1,595	$1.20	14d	1	1.20mi
374 E 232nd St Euclid, OH	3.0	1.0	1222	$1,995	$1.63	43d	1	1.23mi
655 E 240th St Euclid, OH	3.0	1.0	1341	$1,550	$1.16	43d	1	1.24mi
27701 Mills Ave Unit 2E Euclid, OH	2.0	1.5	1176	$1,275	$1.08	43d	1	1.28mi
884 E 248th St Euclid, OH	3.0	2.0	1440	$1,699	$1.18	1d	1	1.39mi
29103 Barjode Rd Willowick, OH	3.0	2.0	1116	$1,950	$1.75	19d	1	1.41mi
29210 Green Dr Willowick, OH	3.0	1.0	1002	$1,700	$1.70	1d	1	1.46mi
645 Babbitt Rd Euclid, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	1.47mi

Listing history 7 events

1. 2026-06-16
   status $139,000 Pending 10 DOM
2. 2026-06-15
   days on market $139,000 Active 10 DOM
3. 2026-06-13
   days on market $139,000 Active 8 DOM
4. 2026-06-09
   days on market $139,000 Active 4 DOM
5. 2026-06-08
   days on market $139,000 Active 3 DOM
6. 2026-06-07
   remarks 699-char remark
7. 2026-06-07
   listed $139,000 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: $3,192 · $266/mo
• Projected year-2 tax: $3,192 · $266/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: $17,797
• − Mortgage interest: −$7,786
• − Property taxes: −$3,192
• − Insurance: −$695
• − Repairs & maintenance: −$1,424
• − Management: −$1,424
• − Depreciation: −$4,044
• Taxable loss: −$767
• Est. tax savings @ 24.0%: +$184
• After-tax cash flow: $1,610/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

+65.5% since first listed

16 events — show timeline

• 2026-06-05 Listed $139,000 MLSNOW
• 2025-02-06 Rental Removed $1,595 PROPERTYWARE
• 2025-01-26 Listed for Rent $1,595 PROPERTYWARE
• 2024-12-14 Rental Removed $1,595 RENTALBEAST
• 2024-12-14 Rental Removed $1,595 PROPERTYWARE
• 2024-12-14 Listed for Rent $1,595 RENTALBEAST
• 2024-12-11 Listed for Rent $1,595 PROPERTYWARE
• 2020-08-31 Sold (Public Records) $88,000 Public Records
• 2020-08-28 Listing Removed — MLSNOW
• 2020-08-28 Sold (MLS) $88,000 MLSNOW
• 2020-08-04 Pending — MLSNOW
• 2019-10-20 Listed $100,000 MLSNOW
• 2005-07-12 Sold (Public Records) $108,000 Public Records
• 1996-04-25 Sold (MLS) $75,000 MLSNOW
• 1996-04-17 Sold (Public Records) $75,000 Public Records
• 1996-02-22 Listed $84,000 MLSNOW

Property tax history

+2.5%/yr

Latest (2025): $3,192 · -3.0% YoY. Source: county tax records.