20724 Applegate Rd · Maple Heights, OH 44137

$150,000

2 bd · 1.0 ba · 1,326 sqft · SingleFamily public records · 4 Days on market

Built 1956 0.35 ac lot Est $154k · at est.

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Why this score? — see what drove the D+ 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 +14.4/30.0
• ARV discount +8.6/15.0
• 1% rule +5.1/10.0
• Rent growth +5.0/5.0
• DSCR +4.4/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully renovated Bungalow. 4 Bedrooms, 1.5 Bathrooms. Complete inside remodel. New kitchen, bathrooms, carpet, light fixtures, windows, doors. Newly refinished hardwood throughout. Partially finished basement. Nothing to do except move right in.

Key facts

• Updated baths
• New carpet
• Newer doors

Tags

• UPDATED KITCHEN
• UPDATED BATHS
• NEW CARPET
• MODERN LIGHT FIXTURES
• NEWER WINDOWS
• NEWER DOORS

Property features AI

Finance

• HOA & community: Public transportation nearby

Exterior

• Parking: Detached, paved garage; 2 garage spaces
• Utilities: Public water; Public sewer
• Home design: 2 stories; Above-grade finished area recorded as 1,326
• Construction: Vinyl siding; Asphalt/fiberglass roof
• Exterior features: Public water; Public sewer; Lot approximately 0.345 acres

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Forced air gas heating
• Interior features: Full, partially finished basement; Total of 9 rooms
• Laundry & utility: Laundry on lower level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $30 ($360/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

Location & tenants

• Location reads 70/100 on livability (#470 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, health & safety A-; Watch: crime D, employment D, amenities F.
• Maple Heights City (suburban): math 14% / reading 25% proficiency, ranked #630 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Abraham Lincoln School (479 students, 0% FRL); Milkovich Middle School (math 14% / reading 24%, grade F, #614 of 654 statewide, top 94%, 733 students, 0% FRL); Maple Heights High School (math 7% / reading 39%, grade F, #669 of 781 statewide, top 86%, 1,017 students, 0% FRL) — zoned schools average 0% FRL vs 78% district-wide (78 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+14.8%/yr); 86 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 10d 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 34% of the median local income ($54k/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 $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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 27y 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 $128k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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?
7. 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.
8. 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.
9. 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: 1.01% ✓
• Cap rate: 6.53%
• Cash-on-cash: 0.86%
• DSCR: 1.04
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $153,816
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20739 Donny Brook Rd	0.08mi	3/2.0 (+1)	1,368 (+3%)	5mo	$171,500	$125	78
20750 Bowling Green Rd	0.06mi	3/2.0 (+1)	1,248 (-6%)	6mo	$147,000	$118	73
21607 Libby Rd	0.41mi	3/1.5 (+1)	1,350 (+2%)	3mo	$63,000	$47	68
22 Natalie Rd	0.57mi	3/2.0 (+1)	1,348 (+2%)	0mo	$162,000	$120	61
5345 Fairtree Rd	0.53mi	3/1.5 (+1)	1,363 (+3%)	4mo	$244,000	$179	60
19113 Watercrest Ave	0.54mi	3/1.5 (+1)	1,258 (-5%)	4mo	$75,700	$60	56
20004 Libby Rd	0.59mi	3/1.0 (+1)	1,240 (-6%)	1mo	$129,000	$104	56
20814 Clare Ave	0.56mi	3/1.5 (+1)	1,248 (-6%)	2mo	$144,200	$116	56
339 Grand Blvd	0.51mi	3/1.0 (+1)	1,193 (-10%)	1mo	$125,000	$105	54
20806 Clare Ave	0.56mi	3/1.0 (+1)	1,449 (+9%)	3mo	$133,000	$92	51
20510 Mountville Dr	0.52mi	3/1.5 (+1)	1,131 (-15%)	5mo	$160,000	$141	40
19806 Mountville Dr	0.70mi	3/1.5 (+1)	1,463 (+10%)	5mo	$102,500	$70	39

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: -8.8%
• Equity multiple: 0.66×
• Total profit: $-14,274
• Equity at exit: $22,365

10-year hold

• IRR: 6.8%
• Equity multiple: 1.64×
• Total profit: $26,937
• Equity at exit: $12,969

Cash invested: $42,000 (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 44137

• Home prices YoY: -34.7%
• Rents YoY: 14.8%
• Active inventory: 86
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,517 high
• Mortgage (P&I): −$787
• Tax from tax record: −$319 /mo · $3,829/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $30

Break-even live

Break-even rent $1,479

Max offer price $150,000

Occupancy floor 93%

Sensitivity live

Price	-10% $115	-5% $72	+0% $30	+5% $-12	+10% $-55
Rent	-10% $-90	-5% $-30	+0% $30	+5% $90	+10% $150
Rate	-1.0pp $106	-0.5pp $68	base $30	+0.5pp $-9	+1.0pp $-48

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5383 Sunnyslope Rd Unit 48 Maple Heights, OH	3.0	1.5	1100	$1,125	$1.02	0d	1	0.18mi
5383 Sunnyslope Rd Maple Heights, OH	1.0–2.0	1.0–1.5	847	$1,075	$1.27	6d	2	0.21mi
5303 Northfield Rd Bedford Heights, OH	2.0	1.0–2.0	712	$1,210	$1.70	0d	26	0.40mi
21106 Gardenview Dr Maple Heights, OH	3.0	2.0	1188	$1,600	$1.35	4d	1	0.46mi
21106 Gardenview Dr Maple Heights, OH	3.0	2.0	1188	$1,600	$1.35	0d	1	0.46mi
21303 Kenyon Dr Maple Heights, OH	3.0	1.0	1215	$1,400	$1.15	46d	1	0.54mi
20510 Mountville Dr Maple Heights, OH	3.0	1.0	1131	$1,850	$1.64	46d	1	0.56mi
20517 Mountville Dr Maple Heights, OH	3.0	3.0	1329	$1,731	$1.30	46d	1	0.58mi
20115 Libby Rd Maple Heights, OH	3.0	1.0	1365	$1,995	$1.46	0d	1	0.61mi
21206 Hillgrove Ave Maple Heights, OH	3.0	1.5	1056	$1,375	$1.30	46d	1	0.62mi
243 Grand Blvd Bedford, OH	3.0	2.0	1170	$1,500	$1.28	46d	1	0.71mi
21418 Raymond St Maple Heights, OH	3.0	2.0	1158	$1,695	$1.46	17d	1	0.74mi
19268 Stafford Ave Maple Heights, OH	3.0	1.0	1410	$1,995	$1.41	0d	1	0.77mi
21111 Raymond St Maple Heights, OH	3.0	1.0	1100	$1,275	$1.16	46d	1	0.77mi
19500 Libby Rd Maple Heights, OH	3.0	1.5	1092	$1,950	$1.79	0d	1	0.82mi
20600 Watson Rd Maple Heights, OH	3.0	1.5	1092	$1,953	$1.79	4d	1	0.85mi
19758 Maple Heights Blvd Unit UP Maple Heights, OH	3.0	1.0	1095	$1,495	$1.37	5d	1	0.86mi
5535 Oakwood Ave Maple Heights, OH	3.0	1.0	1116	$1,350	$1.21	6d	1	0.88mi
5535 Oakwood Ave Maple Heights, OH	3.0	1.0	1116	$1,350	$1.21	9d	1	0.88mi
5470 Hollywood Ave Maple Heights, OH	3.0	1.0	1150	$1,375	$1.20	46d	1	0.96mi
5440 Hollywood Ave Maple Heights, OH	3.0	1.0	1080	$1,445	$1.34	23d	1	0.97mi
14 Ennis Ave Bedford, OH	3.0	2.0	1064	$1,495	$1.41	46d	1	0.98mi
5333 Hollywood Ave Maple Heights, OH	3.0	1.0	1092	$1,450	$1.33	46d	1	0.99mi
19409 Raymond St Maple Heights, OH	3.0	1.0	1180	$1,656	$1.40	4d	1	1.04mi
5435 Beechwood Ave Maple Heights, OH	3.0	2.0	1664	$2,000	$1.20	5d	1	1.05mi
19203 Nitra Ave Maple Heights, OH	3.0	1.0	1050	$1,350	$1.29	6d	1	1.06mi
5566 Beechwood Ave Maple Heights, OH	2.0	1.0	1000	$1,800	$1.80	21d	1	1.06mi
18413 Waterbury Ave Maple Heights, OH	3.0	1.5	1175	$1,850	$1.57	0d	1	1.09mi
19101 Nitra Ave Maple Heights, OH	3.0	1.0	1200	$1,295	$1.08	17d	1	1.09mi
18512 Lewis Dr Maple Heights, OH	3.0	2.0	1200	$1,995	$1.66	4d	1	1.10mi
18505 Maple Heights Blvd Maple Heights, OH	3.0	1.0	989	$1,411	$1.43	46d	1	1.11mi
19001 Nitra Ave Maple Heights, OH	3.0	1.0	1170	$1,450	$1.24	0d	1	1.12mi
19001 Nitra Ave Maple Heights, OH	3.0	1.0	1170	$1,450	$1.24	18d	1	1.12mi
18308 Edinboro Ave Maple Heights, OH	3.0	1.0	1200	$1,349	$1.12	9d	1	1.13mi
5331 South Blvd Maple Heights, OH	3.0	2.0	1078	$1,500	$1.39	18d	1	1.23mi
681 Washington St Unit 1496061P Bedford, OH	3.0	1.0	1151	$3,518	$3.06	9d	1	1.26mi
18107 North Blvd Maple Heights, OH	3.0	1.0	1190	$1,350	$1.13	46d	1	1.28mi
18004 North Blvd Maple Heights, OH	3.0	1.0	1396	$1,700	$1.22	46d	1	1.29mi
18509 Raymond St Maple Heights, OH	3.0	1.0	1083	$1,395	$1.29	46d	1	1.29mi
5246 Joseph St Maple Heights, OH	3.0	1.5	890	$1,300	$1.46	5d	1	1.31mi

Listing history 4 events

1. 2026-06-22
   statusdays on market $150,000 Pending 4 DOM
2. 2026-06-21
   days on market $150,000 Active 3 DOM
3. 2026-06-19
   remarks 496-char remark
4. 2026-06-19
   listed $150,000 Active 1 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: $3,829 · $319/mo
• Projected year-2 tax: $3,829 · $319/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 ≥96°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: $18,201
• − Mortgage interest: −$8,402
• − Property taxes: −$3,829
• − Insurance: −$750
• − Repairs & maintenance: −$1,456
• − Management: −$1,456
• − Depreciation: −$4,364
• Taxable loss: −$2,056
• Est. tax savings @ 24.0%: +$493
• After-tax cash flow: $854/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: Maple Heights City
• NCES district ID: 3904430
• Math proficiency: 14% ▼ -22.00%
• Reading proficiency: 25% ▼ -11.00%
• Median HH income: $38,856
• Composite: 16.39/100
• National rank: #9197
• State rank: #630 of 656 in OH

Livability — Maple Heights

• Score: 70/100
• State rank: #470
• US rank: #7818

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maple Heights, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 23,285
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 23,285
• Household income: $53,918
• Rent vs Own: 37.2% rent · 62.8% own
• Severe rent burden: 971.0

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 Black (74%)
• Race & ethnicity: Black 74% White 20% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 3% Scotch-Irish 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 98% English-only · Spanish 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: ▼ -87.37%
• Current HPI: 164.4326
• Rent YoY: ▲ 14.82%
• 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

+66.9% since first listed

13 events — show timeline

• 2026-06-18 Listed $150,000 MLSNOW
• 2021-04-21 Sold (MLS) $128,000 MLSNOW
• 2021-03-09 Pending — MLSNOW
• 2021-03-04 Listed $124,900 MLSNOW
• 2020-07-10 Sold (MLS) $40,000 MLSNOW
• 2020-04-30 Pending — MLSNOW
• 2020-04-21 Relisted — MLSNOW
• 2020-02-26 Pending — MLSNOW
• 2020-02-19 Price Changed $45,000 MLSNOW
• 2020-01-02 Listed $50,000 MLSNOW
• 2000-04-25 Sold (Public Records) $77,400 Public Records
• 2000-04-25 Sold (MLS) $89,900 MLSNOW
• 1999-06-01 Listed $89,900 MLSNOW

Property tax history

+3.2%/yr

Latest (2025): $3,829 · -6.4% YoY. Source: county tax records.