4423 Grantwood Dr · Parma, OH 44134

$202,000

3 bd · 1.0 ba · 1,210 sqft · SingleFamily public records · 62 Days on market

Built 1948 5,680 sqft lot $167/sqft · at area comps Est $207k · 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 +11.4/30.0
• ARV discount +8.7/15.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• 1% rule +3.6/10.0
• DSCR +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming all-brick Cape Cod with timeless character and endless potential! A covered front entry with classic window awnings welcomes you into a cozy living room highlighted by beautiful wood flooring that continues through the hallway. The eat-in kitchen features LVP flooring, a ceiling fan, and comes fully equipped with all appliances—ready for your personal touch. The main level offers two comfortable, carpeted bedrooms and a full bath with a tub/shower combination and single vanity. Upstairs, you’ll find a spacious third bedroom or bonus room featuring original wood accents and built-in storage—perfect for a private retreat, office, or creative space. The partially finished basement expands your living area with a bar and built-in storage, making it ideal for entertaining. You’ll also find a laundry area and an additional bathroom for added convenience. Outside, the partially fenced backyard offers plenty of room for pets, gardening, or hosting gatherings. This home is full of character and ready for its next chapter. With a little vision and some updates, it’s the perfect opportunity to bring your ideas to life and create something truly special.

Key facts

• Eat-in kitchen
• Covered front entry
• 5,680 sq ft lot

Tags

• COVERED FRONT ENTRY
• EAT-IN KITCHEN
• SPACIOUS THIRD BEDROOM
• PARTIALLY FINISHED BASEMENT
• PARTIALLY FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $202k.

Deal economics

• At list price, monthly cash flow is $-70 ($-834/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (6.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (14.3% below list).
• Recommended offer: $173k (14.3% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Thoreau Park Elementary School (math 37% / reading 42%, grade F, #1,055 of 1,584 statewide, top 68%, 409 students, 60% FRL); Shiloh Middle School (math 27% / reading 46%, grade F, #539 of 654 statewide, top 83%, 511 students, 65% FRL); Parma High School (math 32% / reading 47%, grade F, #528 of 781 statewide, top 71%, 1,233 students, 55% FRL) — zoned schools average 60% FRL vs 41% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+10.6%/yr); 120 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 30% of the median local income ($69k/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 $6k 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

• It's been on market 62 days — a 6% lower offer ($190k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $173,152 (14.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.86% ✗
• Cap rate: 5.88%
• Cash-on-cash: -1.48%
• DSCR: 0.93
• GRM: 9.7

CMA / ARV

• ARV (median comp): $207,309
• List price: $202,000
• Delta: -2.56%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4003 Woodrow Ave	0.17mi	3/2.0	1,224 (+1%)	1mo	$230,000	$188	85
4311 Longwood Ave	0.13mi	3/1.0	1,131 (-6%)	0mo	$210,000	$186	83
3716 Grantwood Dr	0.22mi	3/2.0	1,248 (+3%)	2mo	$235,000	$188	79
5803 Renwood Dr	0.51mi	3/1.0	1,188 (-2%)	2mo	$251,000	$211	72
3310 Wales Ave	0.44mi	4/2.0 (+1)	1,155 (-4%)	1mo	$220,000	$190	62
3023 Norris Ave	0.55mi	3/2.0	1,148 (-5%)	1mo	$230,000	$200	61
5857 W 54th St	0.63mi	3/2.0	1,276 (+6%)	1mo	$190,000	$149	56
2906 Priscilla Ave	0.67mi	4/2.0 (+1)	1,244 (+3%)	0mo	$225,000	$181	55
6106 Pelham Dr	0.62mi	3/1.0	1,092 (-10%)	1mo	$202,500	$185	54
6010 Allanwood Dr	0.65mi	3/1.5	1,297 (+7%)	2mo	$222,000	$171	54
2929 Commonwealth Dr	0.68mi	3/2.0	1,092 (-10%)	1mo	$225,000	$206	47
2821 Wales Ave	0.67mi	3/2.0	1,064 (-12%)	1mo	$260,000	$244	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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.51×
• Total profit: $-27,958
• Equity at exit: $30,119

10-year hold

• IRR: 2.4%
• Equity multiple: 1.21×
• Total profit: $11,811
• Equity at exit: $17,465

Cash invested: $56,560 (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 44134

• Rents YoY: 10.6%
• Active inventory: 120
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,732 high
• Mortgage (P&I): −$1,059
• Tax from tax record: −$294 /mo · $3,527/yr
• Insurance: −$84
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $-70

Break-even live

Break-even rent $1,820

Max offer price $189,718

Occupancy floor 99%

Sensitivity live

Price	-10% $45	-5% $-12	+0% $-70	+5% $-127	+10% $-184
Rent	-10% $-206	-5% $-138	+0% $-70	+5% $-1	+10% $67
Rate	-1.0pp $32	-0.5pp $-18	base $-70	+0.5pp $-122	+1.0pp $-175

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: $50,500
• Closing costs: $6,060
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2907 Snow Rd Unit up Parma, OH	3.0	1.0	1026	$1,700	$1.66	45d	1	0.87mi
6505 Snow Rd Unit REAR Parma, OH	3.0	1.5	1312	$1,599	$1.22	9d	1	0.91mi
6099 Ridge Rd Cleveland, OH	2.0	1.0	1020	$1,200	$1.18	23d	1	0.96mi
5080 Whispering Oaks BLVD Parma, OH	3.0	2.0	1332	$1,799	$1.35	14d	1	1.03mi
6403 Ridge Rd Cleveland, OH	2.0	2.0	1110	$1,450	$1.31	18d	1	1.04mi
3330 Fortune Ave Cleveland, OH	3.0	1.5	1258	$1,775	$1.41	45d	1	1.15mi
3027 Fortune Ave Unit 2 Parma, OH	2.0	1.0	726	$1,150	$1.58	45d	1	1.18mi
3027 Fortune Ave Unit 1 Parma, OH	2.0	1.0	880	$1,175	$1.34	45d	1	1.18mi
7906 Lanyard Dr Unit 1496071P Parma, OH	4.0	1.5	1227	$5,834	$4.75	9d	1	1.19mi
7903 Ackley Rd Unit 7903 Parma, OH	3.0	1.0	1100	$1,600	$1.45	45d	1	1.22mi
4606 Lincoln Ave Cleveland, OH	3.0	2.0	1418	$1,995	$1.41	3d	1	1.24mi
2910 Fortune Ave Cleveland, OH	2.0	1.0	744	$1,775	$2.39	25d	1	1.25mi
3415 Center Dr Cleveland, OH	3.0	1.0	1048	$1,995	$1.90	3d	1	1.28mi
6841 Day Dr Cleveland, OH	1.0–3.0	1.0–1.5	862	$1,525	$1.77	3d	5	1.29mi
2611 Brookdale Ave Cleveland, OH	3.0	1.0	1092	$1,825	$1.67	45d	1	1.35mi
2716 Lincoln Ave Unit 1288912P Parma, OH	4.0	2.0	1205	$4,125	$3.42	9d	1	1.45mi
6236 Westminster Dr Cleveland, OH	3.0	1.0	1131	$1,700	$1.50	16d	1	1.47mi
5252 W 45th St Unit 1496134P Parma, OH	3.0	2.0	1065	$5,388	$5.06	16d	1	1.47mi

Listing history 22 events

1. 2026-06-17
   days on market $202,000 Active 62 DOM
2. 2026-06-16
   days on market $202,000 Active 61 DOM
3. 2026-06-15
   days on market $202,000 Active 60 DOM
4. 2026-06-13
   days on market $202,000 Active 58 DOM
5. 2026-06-13
   days on market $202,000 Active 57 DOM
6. 2026-06-09
   days on market $202,000 Active 54 DOM
7. 2026-06-08
   days on market $202,000 Active 53 DOM
8. 2026-06-07
   days on market $202,000 Active 52 DOM
9. 2026-06-05
   days on market $202,000 Active 49 DOM
10. 2026-06-03
    days on market $202,000 Active 48 DOM
11. 2026-06-02
    days on market $202,000 Active 47 DOM
12. 2026-06-01
    days on market $202,000 Active 46 DOM
13. 2026-05-31
    days on market $202,000 Active 45 DOM
14. 2026-04-30
    price $202,000 1199-char remark

    Show marketing remark (1199 chars)

    Charming all-brick Cape Cod with timeless character and endless potential! A covered front entry with classic window awnings welcomes you into a cozy living room highlighted by beautiful wood flooring that continues through the hallway. The eat-in kitchen features LVP flooring, a ceiling fan, and comes fully equipped with all appliances—ready for your personal touch. The main level offers two comfortable, carpeted bedrooms and a full bath with a tub/shower combination and single vanity. Upstairs, you’ll find a spacious third bedroom or bonus room featuring original wood accents and built-in storage—perfect for a private retreat, office, or creative space. The partially finished basement expands your living area with a bar and built-in storage, making it ideal for entertaining. You’ll also find a laundry area and an additional bathroom for added convenience. Outside, the partially fenced backyard offers plenty of room for pets, gardening, or hosting gatherings. This home is full of character and ready for its next chapter. With a little vision and some updates, it’s the perfect opportunity to bring your ideas to life and create something truly special.

15. 2026-04-16
    listed $207,500 Active 1199-char remark

    Show marketing remark (1199 chars)

    Charming all-brick Cape Cod with timeless character and endless potential! A covered front entry with classic window awnings welcomes you into a cozy living room highlighted by beautiful wood flooring that continues through the hallway. The eat-in kitchen features LVP flooring, a ceiling fan, and comes fully equipped with all appliances—ready for your personal touch. The main level offers two comfortable, carpeted bedrooms and a full bath with a tub/shower combination and single vanity. Upstairs, you’ll find a spacious third bedroom or bonus room featuring original wood accents and built-in storage—perfect for a private retreat, office, or creative space. The partially finished basement expands your living area with a bar and built-in storage, making it ideal for entertaining. You’ll also find a laundry area and an additional bathroom for added convenience. Outside, the partially fenced backyard offers plenty of room for pets, gardening, or hosting gatherings. This home is full of character and ready for its next chapter. With a little vision and some updates, it’s the perfect opportunity to bring your ideas to life and create something truly special.

16. 2024-09-03
    soldstatus $180,000
17. 2024-08-31
    soldstatus $180,000 Closed 738-char remark

    Show marketing remark (738 chars)

    Wonderful brick ranch that show price of ownership. This home features finished second floor and basement that is sure to please your buyer. Check out upper and lower pictures. Eat-in kitchen with appliances, and a doggy door that goes out to a fenced in back yard. Living room with that warm comfotable feel. Two bedrooms on the first floor and the second floor is finished in wood and have bookshelves and large walk-in closet. This room is great for a third bedroom, family room or home office. You won't be disappointed when you see it. Basement has a finished rec room with bar. There is a separate toliet area and shower in basement. Washer and dryer to stay. A large two car garage is a real plus with this home. Nicely landscaped.

18. 2024-07-24
    status Pending 738-char remark

    Show marketing remark (738 chars)

    Wonderful brick ranch that show price of ownership. This home features finished second floor and basement that is sure to please your buyer. Check out upper and lower pictures. Eat-in kitchen with appliances, and a doggy door that goes out to a fenced in back yard. Living room with that warm comfotable feel. Two bedrooms on the first floor and the second floor is finished in wood and have bookshelves and large walk-in closet. This room is great for a third bedroom, family room or home office. You won't be disappointed when you see it. Basement has a finished rec room with bar. There is a separate toliet area and shower in basement. Washer and dryer to stay. A large two car garage is a real plus with this home. Nicely landscaped.

19. 2024-07-15
    status Active 738-char remark

    Show marketing remark (738 chars)

    Wonderful brick ranch that show price of ownership. This home features finished second floor and basement that is sure to please your buyer. Check out upper and lower pictures. Eat-in kitchen with appliances, and a doggy door that goes out to a fenced in back yard. Living room with that warm comfotable feel. Two bedrooms on the first floor and the second floor is finished in wood and have bookshelves and large walk-in closet. This room is great for a third bedroom, family room or home office. You won't be disappointed when you see it. Basement has a finished rec room with bar. There is a separate toliet area and shower in basement. Washer and dryer to stay. A large two car garage is a real plus with this home. Nicely landscaped.

20. 2024-07-08
    status Pending 738-char remark

    Show marketing remark (738 chars)

    Wonderful brick ranch that show price of ownership. This home features finished second floor and basement that is sure to please your buyer. Check out upper and lower pictures. Eat-in kitchen with appliances, and a doggy door that goes out to a fenced in back yard. Living room with that warm comfotable feel. Two bedrooms on the first floor and the second floor is finished in wood and have bookshelves and large walk-in closet. This room is great for a third bedroom, family room or home office. You won't be disappointed when you see it. Basement has a finished rec room with bar. There is a separate toliet area and shower in basement. Washer and dryer to stay. A large two car garage is a real plus with this home. Nicely landscaped.

21. 2024-06-28
    listed $184,500 Active 738-char remark

    Show marketing remark (738 chars)

    Wonderful brick ranch that show price of ownership. This home features finished second floor and basement that is sure to please your buyer. Check out upper and lower pictures. Eat-in kitchen with appliances, and a doggy door that goes out to a fenced in back yard. Living room with that warm comfotable feel. Two bedrooms on the first floor and the second floor is finished in wood and have bookshelves and large walk-in closet. This room is great for a third bedroom, family room or home office. You won't be disappointed when you see it. Basement has a finished rec room with bar. There is a separate toliet area and shower in basement. Washer and dryer to stay. A large two car garage is a real plus with this home. Nicely landscaped.

22. 2008-12-09
    soldstatus $87,000

ⓘ 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: $3,527 · $294/mo
• Projected year-2 tax: $3,527 · $294/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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,778
• − Mortgage interest: −$11,315
• − Property taxes: −$3,527
• − Insurance: −$1,010
• − Repairs & maintenance: −$1,662
• − Management: −$1,662
• − Depreciation: −$5,876
• Taxable loss: −$4,275
• Est. tax savings @ 24.0%: +$1,026
• After-tax cash flow: $192/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): 37,774
• Household income: $68,625
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 668.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 6% Hispanic / Latino 5% Black 3% Asian 3%
• Common ancestry: Romanian 14% Subsaharan African 6% Slovak 1%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 84% English-only · Russian/Polish/Slavic 7% Spanish 3% Other Indo-European 2%

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: ▼ -215.17%
• Current HPI: 184.0553
• Rent YoY: ▲ 10.56%
• 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

+132.2% since first listed

9 events — show timeline

• 2026-04-30 Price Changed $202,000 MLSNOW
• 2026-04-16 Listed $207,500 MLSNOW
• 2024-09-03 Sold (Public Records) $180,000 Public Records
• 2024-08-31 Sold (MLS) $180,000 MLSNOW
• 2024-07-24 Pending — MLSNOW
• 2024-07-15 Relisted — MLSNOW
• 2024-07-08 Pending — MLSNOW
• 2024-06-28 Listed $184,500 MLSNOW
• 2008-12-09 Sold (Public Records) $87,000 Public Records

Property tax history

+3.9%/yr

Latest (2025): $3,527 · -5.6% YoY. Source: county tax records.