226 E 242nd St · Euclid, OH 44123

$125,000

2 bd · 1.0 ba · 896 sqft · SingleFamily public records · 6 Days on market

Built 1950 5,035 sqft lot Est $125k · 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 +14.6/30.0
• ARV discount +7.3/15.0
• DSCR +4.4/10.0
• 1% rule +4.1/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

All Brick 3-bedroom Bungalow with potential * Newer Roof * Newer Furnace * Vinyl replacement windows

Key facts

• 5,035 sq ft lot
• Garage
• Built 1950

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $29 ($352/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $114k (8.6% below list).
• Recommended offer: $114k (8.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#204 in OH, #3,149 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: schools C-, commute F, employment D-.
• Euclid City (suburban): math 14% / reading 28% proficiency, ranked #625 of 656 in OH (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.3%/yr); 96 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 41% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $864 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 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 4y 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 $91k; 37% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,257 (8.6% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.91% ✗
• Cap rate: 6.57%
• Cash-on-cash: 1.01%
• DSCR: 1.04
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $124,544
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
334 E 238th St	0.29mi	2/1.0	862 (-4%)	3mo	$119,900	$139	77
251 E 250th St	0.33mi	2/1.0	952 (+6%)	6mo	$84,000	$88	69
253 E 250th St	0.33mi	2/1.5	952 (+6%)	6mo	$84,000	$88	67
101 E 238th St	0.15mi	1/1.0 (-1)	768 (-14%)	2mo	$108,000	$141	63
331 E 250th St	0.30mi	2/1.0	935 (+4%)	21mo	$82,500	$88	61
321 E 241st St	0.19mi	2/1.0	1,010 (+13%)	12mo	$105,000	$104	60
23297 Williams Ave	0.49mi	3/1.0 (+1)	826 (-8%)	11mo	$139,000	$168	50
26201 Oriole Ave	0.67mi	2/1.0	996 (+11%)	6mo	$160,000	$161	46
364 E 260th St	0.59mi	2/1.0	972 (+8%)	17mo	$99,900	$103	44
25800 Forestview Ave	0.55mi	3/1.0 (+1)	979 (+9%)	13mo	$162,000	$165	43
604 E 260th St	0.67mi	3/1.0 (+1)	947 (+6%)	16mo	$115,000	$121	41
335 E 257th St	0.55mi	3/1.5 (+1)	807 (-10%)	18mo	$120,000	$149	36

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 · 5.28% rent growth · sell at horizon

5-year hold

• IRR: -12.1%
• Equity multiple: 0.55×
• Total profit: $-15,681
• Equity at exit: $18,638

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $374
• Equity at exit: $10,808

Cash invested: $35,000 (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 44123

• Home prices YoY: -25.0%
• Rents YoY: 5.3%
• Active inventory: 96
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,143 high
• Mortgage (P&I): −$656
• Tax from tax record: −$166 /mo · $1,988/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $29

Break-even live

Break-even rent $1,105

Max offer price $125,000

Occupancy floor 92%

Sensitivity live

Price	-10% $100	-5% $65	+0% $29	+5% $-6	+10% $-41
Rent	-10% $-61	-5% $-16	+0% $29	+5% $75	+10% $120
Rate	-1.0pp $92	-0.5pp $61	base $29	+0.5pp $-3	+1.0pp $-36

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
270 E 244th St Euclid, OH	1.0–2.0	1.0	702	$950	$1.35	22d	3	0.09mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$972	$1.14	3d	7	0.12mi
101 E 238th St Euclid, OH	2.0	1.0	959	$1,400	$1.46	16d	1	0.14mi
24453 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0–2.0	781	$1,040	$1.33	3d	10	0.16mi
300 E 246th St Euclid, OH	3.0	1.0	1116	$1,864	$1.67	45d	1	0.17mi
24570 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0	925	$1,200	$1.30	45d	1	0.18mi
24801 Lake Shore Blvd Euclid, OH	2.0	1.0	640	$1,075	$1.68	4d	8	0.38mi
25311 Lakeshore Blvd Unit C14 Euclid, OH	2.0	1.0	925	$995	$1.08	45d	1	0.48mi
22705 Lakeshore Blvd Euclid, OH	1.0	1.0	605	$850	$1.40	3d	10	0.49mi
25401 Lakeshore Blvd Unit D5 Euclid, OH	1.0	1.0	775	$875	$1.13	45d	1	0.52mi
25601 Lakeshore Blvd Unit F9 Euclid, OH	1.0	1.0	775	$895	$1.15	21d	1	0.60mi
25611 Lakeshore Blvd Unit F11 Euclid, OH	2.0	1.0	925	$995	$1.08	45d	1	0.62mi
25701 Lakeshore Blvd Unit 1205 Euclid, OH	1.0	1.0	748	$1,040	$1.39	45d	1	0.65mi
611 E 260th St Euclid, OH	3.0	1.0	875	$1,595	$1.82	45d	1	0.72mi
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	13d	1	0.75mi
26900 Forestview Ave Euclid, OH	3.0	1.0	1098	$1,450	$1.32	3d	1	0.93mi
415 E 222nd St Unit 461-23 Euclid, OH	2.0	1.0	700	$875	$1.25	45d	1	0.98mi
681 Babbitt Rd Euclid, OH	1.0	1.0	684	$1,000	$1.46	45d	1	1.01mi
521 E 222nd St Euclid, OH	2.0	1.0	800	$1,500	$1.88	25d	1	1.15mi
488 E 222nd St Unit Up Euclid, OH	2.0	1.0	900	$1,100	$1.22	22d	1	1.15mi
824 E 236th St Euclid, OH	3.0	2.0	1100	$1,720	$1.56	3d	1	1.31mi
20801 Crystal Ave Unit 1 Euclid, OH	1.0	1.0	600	$1,100	$1.83	8d	1	1.49mi

Listing history 9 events

1. 2026-04-24
   status Pending
2. 2026-04-18
   listed $125,000 Active
3. 2024-03-15
   historical $1,245
4. 2024-03-12
   listed $1,245
5. 2023-06-05
   historical
6. 2023-01-13
   soldstatus $91,200 Closed 106-char remark

   Show marketing remark (106 chars)

   All Brick 3-bedroom Bungalow with potential * Newer Roof * Newer Furnace * Vinyl replacement windows

7. 2022-11-30
   status Pending 106-char remark

   Show marketing remark (106 chars)

   All Brick 3-bedroom Bungalow with potential * Newer Roof * Newer Furnace * Vinyl replacement windows

8. 2022-11-15
   price $99,900 106-char remark

   Show marketing remark (106 chars)

   All Brick 3-bedroom Bungalow with potential * Newer Roof * Newer Furnace * Vinyl replacement windows

9. 2022-11-01
   listed $104,900 Active 106-char remark

   Show marketing remark (106 chars)

   All Brick 3-bedroom Bungalow with potential * Newer Roof * Newer Furnace * Vinyl replacement windows

ⓘ 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: $1,988 · $166/mo
• Projected year-2 tax: $1,988 · $166/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 · 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: $13,711
• − Mortgage interest: −$7,002
• − Property taxes: −$1,988
• − Insurance: −$625
• − Repairs & maintenance: −$1,097
• − Management: −$1,097
• − Depreciation: −$3,636
• Taxable loss: −$1,734
• Est. tax savings @ 24.0%: +$416
• After-tax cash flow: $769/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: Euclid City
• NCES district ID: 3904395
• Math proficiency: 14% ▼ -19.00%
• Reading proficiency: 28% ▼ -14.00%
• Median HH income: $36,385
• Composite: 17.39/100
• National rank: #9067
• State rank: #625 of 656 in OH

Livability — Euclid

• Score: 77/100
• State rank: #204
• US rank: #3149

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Euclid, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 41,855
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 18,050
• Household income: $55,676
• Rent vs Own: 54.6% rent · 45.4% own
• Severe rent burden: 1085.0

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 (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Romanian 5%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Chinese 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: ▼ -62.82%
• Current HPI: 188.4932
• Rent YoY: ▲ 5.28%
• 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

+19.2% since first listed

9 events — show timeline

• 2026-04-24 Pending — MLSNOW
• 2026-04-18 Listed $125,000 MLSNOW
• 2024-03-15 Rental Removed $1,245 YESMLS
• 2024-03-12 Listed for Rent $1,245 YESMLS
• 2023-06-05 Rental Removed — RENT.
• 2023-01-13 Sold (MLS) $91,200 MLSNOW
• 2022-11-30 Pending — MLSNOW
• 2022-11-15 Price Changed $99,900 MLSNOW
• 2022-11-01 Listed $104,900 MLSNOW

Property tax history

+4.9%/yr

Latest (2025): $1,988 · -3.4% YoY. Source: county tax records.