4519 W Ridgewood Dr · Parma, OH 44134

$199,900

2 bd · 1.0 ba · 1,078 sqft · SingleFamily public records · 3 Days on market

Built 1951 0.34 ac lot $185/sqft · at area comps Est $210k · 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 +9.7/30.0
• ARV discount +9.6/15.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• 1% rule +3.3/10.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ranch On Wooded Lot!! Large Patio Off Living Room!! Replacement Windows!! Full Basement!! Updated Electrical Box!! Fireplace in The Living Room!! Hardwood Floors!! Open Floor Plan!! Workshop In The Basement!! Home Being Sold "AS IS"!! Priced To Sell!!

Key facts

• Hot water tank
• New driveway
• Fully renovated bath

Tags

• CUSTOM-DESIGNED KITCHEN
• FULLY RENOVATED BATH
• PARTIALLY FINISHED BASEMENT
• NEW DRIVEWAY
• HOT WATER TANK
• NEW SEWER LINES

Property features AI

Finance

• HOA & community: Public transportation nearby

Exterior

• Parking: Attached paved garage (1 car)
• Utilities: Public water; Public sewer
• Home design: 1 story; Faces north
• Construction: Brick and vinyl siding exterior; Asphalt/fiberglass roof; Block foundation; Built per public records
• Exterior features: Patio; Wooded lot; Lot dimensions approximately 75 x 200

Interior

• Bedrooms: 2 main level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central air conditioning; Forced air gas heating
• Interior features: Insulated windows; Full, partially finished basement; Living room fireplace (1)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-130 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $177k (11.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $167k (16.6% below list).
• Recommended offer: $167k (16.6% 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.
• Market conditions: Rents rising fast (+10.6%/yr); 118 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 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 $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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 23y 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 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $166,716 (16.6% 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. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.83% ✗
• Cap rate: 5.51%
• Cash-on-cash: -2.79%
• DSCR: 0.88
• GRM: 10.0

CMA / ARV

• ARV (median comp): $209,750
• List price: $199,900
• Delta: -4.70%
• 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
4519 W Ridgewood Dr	0.01mi	2/1.0	1,078 (0%)	1mo	$220,000	$204	99
4206 Orchard Park Dr	0.21mi	3/1.0 (+1)	1,056 (-2%)	3mo	$183,000	$173	80
5211 W Ridgewood Dr	0.25mi	3/1.0 (+1)	1,110 (+3%)	5mo	$209,500	$189	74
4209 Orchard Park Dr	0.21mi	3/2.0 (+1)	1,120 (+4%)	2mo	$210,000	$188	73
3415 Center Dr	0.63mi	2/1.0	1,048 (-3%)	1mo	$165,000	$157	65
3440 Winthrop Dr	0.52mi	3/1.5 (+1)	1,060 (-2%)	3mo	$195,000	$184	64
6312 W 54th St	0.58mi	3/2.0 (+1)	1,105 (+2%)	2mo	$209,900	$190	58
4311 Longwood Ave	0.67mi	3/1.0 (+1)	1,131 (+5%)	0mo	$210,000	$186	55
3335 Stanfield Dr	0.69mi	3/2.0 (+1)	1,064 (-1%)	4mo	$212,000	$199	53
3640 Hetzel Dr	0.68mi	3/2.0 (+1)	1,144 (+6%)	4mo	$266,700	$233	46
4711 Longwood Ave	0.65mi	3/1.5 (+1)	962 (-11%)	0mo	$184,000	$191	44
4003 Woodrow Ave	0.75mi	3/2.0 (+1)	1,224 (+14%)	1mo	$230,000	$188	32

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: -15.2%
• Equity multiple: 0.43×
• Total profit: $-31,813
• Equity at exit: $29,806

10-year hold

• IRR: 0.4%
• Equity multiple: 1.04×
• Total profit: $1,982
• Equity at exit: $17,284

Cash invested: $55,972 (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: 118
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,667 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$316 /mo · $3,789/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $-130

Break-even live

Break-even rent $1,832

Max offer price $176,888

Occupancy floor —

Sensitivity live

Price	-10% $-17	-5% $-74	+0% $-130	+5% $-187	+10% $-243
Rent	-10% $-262	-5% $-196	+0% $-130	+5% $-64	+10% $1
Rate	-1.0pp $-30	-0.5pp $-79	base $-130	+0.5pp $-182	+1.0pp $-235

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5080 Whispering Oaks BLVD Parma, OH	3.0	2.0	1332	$1,799	$1.35	13d	1	0.31mi
3415 Center Dr Cleveland, OH	3.0	1.0	1048	$1,995	$1.90	2d	1	0.64mi
6841 Day Dr Cleveland, OH	1.0–3.0	1.0–1.5	862	$1,218	$1.41	2d	5	0.72mi
6403 Ridge Rd Cleveland, OH	2.0	2.0	1110	$1,450	$1.31	17d	1	0.96mi
6099 Ridge Rd Cleveland, OH	2.0	1.0	1020	$1,200	$1.18	22d	1	1.23mi
7903 Ackley Rd Unit 7903 Parma, OH	3.0	1.0	1100	$1,600	$1.45	44d	1	1.24mi
8310 Salisbury Dr Cleveland, OH	3.0	2.0	1088	$1,950	$1.79	8d	1	1.35mi
6505 Snow Rd Unit REAR Parma, OH	3.0	1.5	1312	$1,599	$1.22	8d	1	1.50mi

Listing history 15 events

1. 2026-05-02
   status Pending 788-char remark
2. 2026-04-29
   listed $199,900 Active 788-char remark
3. 2024-02-12
   soldstatus $125,000 Closed 261-char remark

   Show marketing remark (261 chars)

   Ranch On Wooded Lot!! Large Patio Off Living Room!! Replacement Windows!! Full Basement!! Updated Electrical Box!! Fireplace in The Living Room!! Hardwood Floors!! Open Floor Plan!! Workshop In The Basement!! Home Being Sold "AS IS"!! Priced To Sell!!

4. 2024-02-09
   soldstatus $125,000
5. 2024-01-26
   status Pending 261-char remark

   Show marketing remark (261 chars)

   Ranch On Wooded Lot!! Large Patio Off Living Room!! Replacement Windows!! Full Basement!! Updated Electrical Box!! Fireplace in The Living Room!! Hardwood Floors!! Open Floor Plan!! Workshop In The Basement!! Home Being Sold "AS IS"!! Priced To Sell!!

6. 2024-01-16
   price $149,000 261-char remark

   Show marketing remark (261 chars)

   Ranch On Wooded Lot!! Large Patio Off Living Room!! Replacement Windows!! Full Basement!! Updated Electrical Box!! Fireplace in The Living Room!! Hardwood Floors!! Open Floor Plan!! Workshop In The Basement!! Home Being Sold "AS IS"!! Priced To Sell!!

7. 2023-12-29
   listed $160,000 Active 261-char remark

   Show marketing remark (261 chars)

   Ranch On Wooded Lot!! Large Patio Off Living Room!! Replacement Windows!! Full Basement!! Updated Electrical Box!! Fireplace in The Living Room!! Hardwood Floors!! Open Floor Plan!! Workshop In The Basement!! Home Being Sold "AS IS"!! Priced To Sell!!

8. 2014-06-12
   soldstatus $91,900

   Show marketing remark (443 chars)

   Have a buyer looking for updates? We have updates! Roof tear off 2006, central air and furnace in 2009, HWT 2005, glass block windows 2007, updated electrical and copper plumbing, newer Thermastar vinyl windows, fully insulated 2006, bathroom remodeled, cable and cat5 in living room, bedrooms and basement, stone retaining wall and patio 2008. Many more updates all in a spacious ranch with open floor plan on a wooded lot and priced to sell!

9. 2014-06-10
   soldstatus $91,900
10. 2014-04-21
    historical

    Show marketing remark (443 chars)

    Have a buyer looking for updates? We have updates! Roof tear off 2006, central air and furnace in 2009, HWT 2005, glass block windows 2007, updated electrical and copper plumbing, newer Thermastar vinyl windows, fully insulated 2006, bathroom remodeled, cable and cat5 in living room, bedrooms and basement, stone retaining wall and patio 2008. Many more updates all in a spacious ranch with open floor plan on a wooded lot and priced to sell!

11. 2014-03-09
    listed $89,900

    Show marketing remark (443 chars)

    Have a buyer looking for updates? We have updates! Roof tear off 2006, central air and furnace in 2009, HWT 2005, glass block windows 2007, updated electrical and copper plumbing, newer Thermastar vinyl windows, fully insulated 2006, bathroom remodeled, cable and cat5 in living room, bedrooms and basement, stone retaining wall and patio 2008. Many more updates all in a spacious ranch with open floor plan on a wooded lot and priced to sell!

12. 2004-01-21
    soldstatus $75,000
13. 2004-01-20
    soldstatus $75,000
14. 2003-11-30
    historical
15. 2003-05-30
    listed $89,500

ⓘ 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: $3,789 · $316/mo
• Projected year-2 tax: $3,789 · $316/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 2/10 Low 7 d/yr ≥94°F today · 16 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: $20,006
• − Mortgage interest: −$11,198
• − Property taxes: −$3,789
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,600
• − Management: −$1,600
• − Depreciation: −$5,815
• Taxable loss: −$4,996
• Est. tax savings @ 24.0%: +$1,199
• After-tax cash flow: $-364/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

+145.8% since first listed

16 events — show timeline

• 2026-06-03 Sold (MLS) $220,000 MLSNOW
• 2026-05-02 Pending — MLSNOW
• 2026-04-29 Listed $199,900 MLSNOW
• 2024-02-12 Sold (MLS) $125,000 MLSNOW
• 2024-02-09 Sold (Public Records) $125,000 Public Records
• 2024-01-26 Pending — MLSNOW
• 2024-01-16 Price Changed $149,000 MLSNOW
• 2023-12-29 Listed $160,000 MLSNOW
• 2014-06-12 Sold (MLS) $91,900 MLSNOW
• 2014-06-10 Sold (Public Records) $91,900 Public Records
• 2014-04-21 Listing Removed — MLSNOW
• 2014-03-09 Listed $89,900 MLSNOW
• 2004-01-21 Sold (Public Records) $75,000 Public Records
• 2004-01-20 Sold (MLS) $75,000 MLSNOW
• 2003-11-30 Listing Removed — MLSNOW
• 2003-05-30 Listed $89,500 MLSNOW

Property tax history

+4.1%/yr

Latest (2025): $3,789 · +8.1% YoY. Source: county tax records.