701 E 315th St · Willowick, OH 44095

$164,900

3 bd · 1.0 ba · 1,004 sqft · SingleFamily public records · 228 Days on market

Built 1957 7,801 sqft lot $164/sqft · 20% below area Est $205k · 20% under ↓ 17% since listing

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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 +21.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.2/10.0
• Schools +4.3/10.0
• Livability +4.2/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

Key facts

• Spacious kitchen
• Full basement
• 7,801 sq ft lot

Tags

• SPACIOUS KITCHEN
• OPEN LIVING AND DINING AREA
• FULL BASEMENT
• DETACHED TWO-CAR GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 5.4% in Willowick — 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 84/100 on livability (#50 in OH, #706 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: commute F.
• Willoughby-Eastlake City (suburban): math 42% / reading 58% proficiency, ranked #434 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.8%/yr); 129 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 448 units permitted in Lake County in 2024 (0 in 5+ unit buildings).

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.
• Lake County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 228 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $33k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 228 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.02% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.03%
• DSCR: 1.27
• GRM: 8.1

CMA / ARV

• ARV (median comp): $204,891
• List price: $164,900
• Delta: -19.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
30424 Fern Dr	0.41mi	3/2.0	1,014 (+1%)	0mo	$201,000	$198	75
32118 Pendley Rd	0.40mi	3/1.0	983 (-2%)	3mo	$191,000	$194	75
30545 Willow Ln	0.36mi	3/1.5	1,080 (+8%)	1mo	$179,900	$167	67
30405 Vineyard Rd	0.49mi	3/2.0	960 (-4%)	1mo	$162,500	$169	65
32222 Densmore Rd	0.46mi	3/2.0	1,064 (+6%)	0mo	$225,000	$211	64
30812 Ronald Dr	0.30mi	3/2.0	1,094 (+9%)	4mo	$240,000	$219	63
1470 E 332nd	0.63mi	3/1.0	1,046 (+4%)	1mo	$135,000	$129	63
845 Charles St	0.44mi	3/1.0	1,102 (+10%)	3mo	$253,400	$230	61
807 Bayridge Blvd	0.29mi	3/2.0	1,110 (+11%)	5mo	$180,000	$162	61
518 E 305th St	0.38mi	3/2.0	1,102 (+10%)	2mo	$215,000	$195	61
30232 Forestgrove Rd	0.72mi	3/2.5	1,062 (+6%)	5mo	$220,000	$207	47
30404 Oakdale Rd	0.58mi	4/1.5 (+1)	1,123 (+12%)	1mo	$248,500	$221	46

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 · 4.81% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-8,809
• Equity at exit: $24,587

10-year hold

• IRR: 6.6%
• Equity multiple: 1.53×
• Total profit: $24,701
• Equity at exit: $14,258

Cash invested: $46,172 (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 44095

• Rents YoY: 4.8%
• Active inventory: 129
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,689 high
• Mortgage (P&I): −$865
• Tax from tax record: −$169 /mo · $2,023/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $232

Break-even live

Break-even rent $1,395

Max offer price $164,900

Occupancy floor 81%

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
679 Dickerson Rd Willowick, OH	4.0	2.0	806	$1,649	$2.05	2d	1	0.08mi
31621 N Marginal Dr Unit B Willowick, OH	3.0	1.5	1200	$1,550	$1.29	3d	1	0.53mi
459 Clarmont Rd Willowick, OH	4.0	2.0	1488	$1,875	$1.26	44d	1	0.78mi
360 E 326th St Willowick, OH	2.0	2.0	1053	$1,447	$1.37	2d	1	0.83mi
29210 Green Dr Willowick, OH	3.0	1.0	1002	$1,700	$1.70	2d	1	0.88mi
29103 Barjode Rd Willowick, OH	3.0	2.0	1116	$1,950	$1.75	19d	1	0.95mi
30620 Euclid Ave Wickliffe, OH	2.0	1.0	1500	$1,500	$1.00	3d	1	1.03mi
30446 Euclid Ave Wickliffe, OH	2.0	1.5	1044	$1,350	$1.29	44d	1	1.08mi
29007 Foxboro St Willowick, OH	4.0	2.0	976	$1,550	$1.59	17d	1	1.21mi
30050 Euclid Ave Unit A2 Wickliffe, OH	2.0	1.0	1036	$1,350	$1.30	44d	1	1.37mi

Listing history 9 events

1. 2026-05-06
   status Pending 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

2. 2026-04-14
   price $164,900 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

3. 2026-04-01
   status Active 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

4. 2026-03-03
   status Pending 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

5. 2026-02-13
   price $174,900 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

6. 2026-01-07
   status Active 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

7. 2026-01-07
   price $185,000 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

8. 2026-01-04
   historical 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

9. 2025-08-18
   listed $198,000 Active 744-char remark

   Show marketing remark (744 chars)

   Welcome to 701 East 315th Street in Willowick! This charming 3-bedroom, 1-bath ranch offers 1,004 square feet of living space and is filled with character and potential. Built in 1957, the home features a spacious kitchen, an open living and dining area, and a classic layout that?s ready for your personal touches. A full basement provides additional storage or the opportunity to create extra living space, while the detached two-car garage adds convenience and value. Whether you?re an investor or a buyer looking to create your dream home, this property offers flexibility and plenty of room to grow. With a bit of vision and updating, this home has the potential to truly shine! The Seller must comply with HUD Guidelines 24 CFR 206.125

ⓘ 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: $2,023 · $169/mo
• Projected year-2 tax: $2,298 · $191/mo
• Expected delta: +$275/yr (+$23/mo · 13.6%)

ⓘ 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 · 18 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: $20,265
• − Mortgage interest: −$9,237
• − Property taxes: −$2,023
• − Insurance: −$824
• − Repairs & maintenance: −$1,621
• − Management: −$1,621
• − Depreciation: −$4,797
• Taxable income: $141
• Est. tax owed @ 24.0%: −$34
• After-tax cash flow: $2,751/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: Willoughby-Eastlake City
• NCES district ID: 3904510
• Math proficiency: 42% ▼ -21.00%
• Reading proficiency: 58% ▼ -11.00%
• Median HH income: $52,500
• Composite: 42.96/100
• National rank: #3110
• State rank: #434 of 656 in OH

Livability — Willowick

• Score: 84/100
• State rank: #50
• US rank: #706

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Willowick, OH
• County: Lake County · 204,927 people
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 32,363
• Household income: $71,543
• Rent vs Own: 24.0% rent · 76.0% own
• Severe rent burden: 590.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 230,022 people
• By 2030: 228,151 · -0.8%
• By 2040: 221,018 · -3.9%
• By 2050: 212,754 · -7.5%
• By 2075: 200,309 · -12.9%
• By 2100: 183,315 · -20.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 5% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Romanian 8% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Russian/Polish/Slavic 3% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Lake

• 2024 margin: R (+14.3) · D 42.4% · R 56.7%
• 2008→2024 swing: -15.2pp toward R · 2008: 0.8pp · 2024: -14.3pp
• All cycles: 2024: R+14.3 2020: R+13.6 2016: R+15.6 2012: R+1.7 2008: D+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -187.78%
• Current HPI: 171.8121
• Rent YoY: ▲ 4.81%
• 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

-16.7% since first listed

9 events — show timeline

• 2026-05-06 Pending — MLSNOW
• 2026-04-14 Price Changed $164,900 MLSNOW
• 2026-04-01 Relisted — MLSNOW
• 2026-03-03 Pending — MLSNOW
• 2026-02-13 Price Changed $174,900 MLSNOW
• 2026-01-07 Relisted — MLSNOW
• 2026-01-07 Price Changed $185,000 MLSNOW
• 2026-01-04 Listing Removed — MLSNOW
• 2025-08-18 Listed $198,000 MLSNOW

Property tax history

+0.9%/yr

Latest (2025): $2,023 · -27.7% YoY. Source: county tax records.