26240 Broadway Ave · Oakwood, OH 44146

$25,000

3 bd · 2.0 ba · 3,106 sqft · Land public records · 1 Days on market

Built 1997

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +4.0/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 1994 Fairmont Commander is a great place to escape for the weekend or to downsize and relax in. It features a very open floor plan with mostly neutral decor.

Key facts

• In suite laundry
• Front deck
• One floor living

Tags

• ONE FLOOR LIVING
• APPLE CREEK COMMUNITY
• LARGE OPEN KITCHEN
• IN SUITE LAUNDRY
• FRONT DECK

Property features AI

Finance

• Financial info: Land lease payment of $550
• HOA & community: Has land lease

Exterior

• Parking: Parking pad
• Utilities: Public water; Public sewer
• Home design: Single-story home
• Construction: Aluminum siding; Shingle roof; Built per public records
• Exterior features: Parking pad

Interior

• Kitchen: Range; Dishwasher; Refrigerator
• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Total of 5 rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $25k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $25k).
• Cap rate 60.4% vs local median 1.9% in Oakwood — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Bedford City (suburban): math 19% / reading 32% proficiency, ranked #597 of 656 in OH (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.8%/yr); 105 active listings in the ZIP; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 36% of the median local income ($55k/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 $173 of loan paydown is wiped out by about $750 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 + 5.8% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 11 sale attempts since 31y 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.

Recommended offer $25,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 6.58% ✓
• Cap rate: 60.40%
• Cash-on-cash: 193.23%
• DSCR: 9.60
• GRM: 1.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.83% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 11.37×
• Total profit: $72,583
• Equity at exit: $3,728

10-year hold

• IRR: —
• Equity multiple: 26.24×
• Total profit: $176,701
• Equity at exit: $2,162

Cash invested: $7,000 (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 44146

• Rents YoY: 5.8%
• Active inventory: 105
• Price-to-rent: 1.3×

Monthly cashflow live

• Estimated rent: $1,646 medium
• Mortgage (P&I): −$131
• Tax est. 1.5%: −$31 /mo · $375/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $1,127

Break-even live

Break-even rent $219

Max offer price $25,000

Occupancy floor 26%

Sensitivity live

Price	-10% $1,144	-5% $1,136	+0% $1,127	+5% $1,119	+10% $1,110
Rent	-10% $997	-5% $1,062	+0% $1,127	+5% $1,192	+10% $1,257
Rate	-1.0pp $1,140	-0.5pp $1,134	base $1,127	+0.5pp $1,121	+1.0pp $1,114

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Listing history 43 events

1. 2026-05-01
   status Pending
2. 2026-04-30
   listed $25,000 Active
3. 2025-01-10
   soldstatus $24,450 Closed 162-char remark

   Show marketing remark (162 chars)

   This 1994 Fairmont Commander is a great place to escape for the weekend or to downsize and relax in. It features a very open floor plan with mostly neutral decor.

4. 2024-07-17
   status Pending 162-char remark

   Show marketing remark (162 chars)

   This 1994 Fairmont Commander is a great place to escape for the weekend or to downsize and relax in. It features a very open floor plan with mostly neutral decor.

5. 2024-01-19
   status Pending 162-char remark

   Show marketing remark (162 chars)

   This 1994 Fairmont Commander is a great place to escape for the weekend or to downsize and relax in. It features a very open floor plan with mostly neutral decor.

6. 2024-01-19
   historical 162-char remark

   Show marketing remark (162 chars)

   This 1994 Fairmont Commander is a great place to escape for the weekend or to downsize and relax in. It features a very open floor plan with mostly neutral decor.

7. 2024-01-19
   historical 162-char remark

   Show marketing remark (162 chars)

   This 1994 Fairmont Commander is a great place to escape for the weekend or to downsize and relax in. It features a very open floor plan with mostly neutral decor.

8. 2023-11-09
   listed $39,900 Active 162-char remark

   Show marketing remark (162 chars)

   This 1994 Fairmont Commander is a great place to escape for the weekend or to downsize and relax in. It features a very open floor plan with mostly neutral decor.

9. 2023-10-30
   price $17,000 199-char remark

   Show marketing remark (199 chars)

   Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

10. 2023-03-28
    price $17,000 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

11. 2023-03-28
    price $17,000 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

12. 2023-03-28
    price $17,000 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

13. 2020-08-25
    price $17,000 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

14. 2020-08-25
    price $17,000 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

15. 2020-05-01
    price $17,000 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

16. 2019-08-09
    price $17,000 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

17. 2015-05-16
    price $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

18. 2012-11-20
    historical
19. 2012-07-11
    listed $39,900
20. 2003-06-08
    historical
21. 2003-03-08
    listed $53,000
22. 2001-11-06
    soldstatus $17,000 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

23. 2001-08-28
    listed $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

24. 2000-09-01
    soldstatus $26,000
25. 2000-06-16
    listed $34,000
26. 1999-06-15
    price $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

27. 1999-06-15
    price $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

28. 1999-06-15
    price $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

29. 1999-06-15
    price $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

30. 1999-06-15
    price $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

31. 1999-06-15
    price $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

32. 1999-06-15
    price $89,900 199-char remark

    Show marketing remark (199 chars)

    Stop Renting. Pack A Suitcase! Furniture And Appliances Stay A Great Value. Excellent Condition And Location. One Owner. Large Living Room, Covered 8ftx16ft Deck, Outdoor Shed And Central Air. Hurry!

33. 1997-06-05
    historical
34. 1997-02-05
    listed $19,900
35. 1996-12-28
    historical
36. 1996-11-28
    listed $19,900
37. 1996-11-27
    historical
38. 1996-08-27
    listed $19,900
39. 1996-04-08
    soldstatus $29,500
40. 1995-11-27
    listed $29,900
41. 1995-06-25
    historical
42. 1995-03-25
    listed $22,500
43. 1988-08-22
    soldstatus $400,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $19,746
• − Mortgage interest: −$1,400
• − Property taxes: −$375
• − Insurance: −$125
• − Repairs & maintenance: −$1,580
• − Management: −$1,580
• − Depreciation: −$727
• Taxable income: $13,959
• Est. tax owed @ 24.0%: −$3,350
• After-tax cash flow: $10,176/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: Bedford City
• NCES district ID: 3910017
• Math proficiency: 19% ▼ -23.00%
• Reading proficiency: 32% ▼ -16.00%
• Median HH income: $42,353
• Composite: 21.69/100
• National rank: #8273
• State rank: #597 of 656 in OH

Livability — Oakwood

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Oakwood, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 32,301
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 29,349
• Household income: $54,925
• Rent vs Own: 42.9% rent · 57.1% own
• Severe rent burden: 1314.0

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 (59%)
• Race & ethnicity: Black 59% White 33% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 5% Serbian 1% Armenian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 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: ▼ -114.08%
• Current HPI: 172.9421
• Rent YoY: ▲ 5.83%
• 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

-93.8% since first listed

43 events — show timeline

• 2026-05-01 Pending — MLSNOW
• 2026-04-30 Listed $25,000 MLSNOW
• 2025-01-10 Sold (MLS) $24,450 MLSNOW
• 2024-07-17 Pending — MLSNOW
• 2024-01-19 Pending — MLSNOW
• 2024-01-19 Listing Removed — MLSNOW
• 2024-01-19 Listing Removed — MLSNOW
• 2023-11-09 Listed $39,900 MLSNOW
• 2023-10-30 Price Changed $17,000 MLSNOW
• 2023-03-28 Price Changed $17,000 MLSNOW
• 2023-03-28 Price Changed $17,000 MLSNOW
• 2023-03-28 Price Changed $17,000 MLSNOW
• 2020-08-25 Price Changed $17,000 MLSNOW
• 2020-08-25 Price Changed $17,000 MLSNOW
• 2020-05-01 Price Changed $17,000 MLSNOW
• 2019-08-09 Price Changed $17,000 MLSNOW
• 2015-05-16 Price Changed $89,900 MLSNOW
• 2012-11-20 Listing Removed — MLSNOW
• 2012-07-11 Listed $39,900 MLSNOW
• 2003-06-08 Listing Removed — MLSNOW
• 2003-03-08 Listed $53,000 MLSNOW
• 2001-11-06 Sold (MLS) $17,000 MLSNOW
• 2001-08-28 Listed $89,900 MLSNOW
• 2000-09-01 Sold (MLS) $26,000 MLSNOW
• 2000-06-16 Listed $34,000 MLSNOW
• 1999-06-15 Price Changed $89,900 MLSNOW
• 1999-06-15 Price Changed $89,900 MLSNOW
• 1999-06-15 Price Changed $89,900 MLSNOW
• 1999-06-15 Price Changed $89,900 MLSNOW
• 1999-06-15 Price Changed $89,900 MLSNOW
• 1999-06-15 Price Changed $89,900 MLSNOW
• 1999-06-15 Price Changed $89,900 MLSNOW
• 1997-06-05 Listing Removed — MLSNOW
• 1997-02-05 Listed $19,900 MLSNOW
• 1996-12-28 Listing Removed — MLSNOW
• 1996-11-28 Listed $19,900 MLSNOW
• 1996-11-27 Listing Removed — MLSNOW
• 1996-08-27 Listed $19,900 MLSNOW
• 1996-04-08 Sold (MLS) $29,500 MLSNOW
• 1995-11-27 Listed $29,900 MLSNOW
• 1995-06-25 Listing Removed — MLSNOW
• 1995-03-25 Listed $22,500 MLSNOW
• 1988-08-22 Sold (Public Records) $400,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $58,406 · +0.6% YoY. Source: county tax records.