59 Elm St · Bedford, OH 44146

$129,000

2 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 21 Days on market

Built 1908 3,118 sqft lot $122/sqft · 14% below area Est $151k · 14% under

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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 +19.5/30.0
• ARV discount +13.9/15.0
• DSCR +6.1/10.0
• 1% rule +5.5/10.0
• Rent growth +4.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 2 Bedroom House On Elm Street. Front Porch. Remodeled Kitchen & Bath. Newer Windows, Roof, Furnace, C/A & H. W. Tank. Appliances Stay. Home Warranty Provided. Estate Sale- Priced To Sell. 2 Small City Violations Remain (See Below):

Key facts

• Functional kitchen
• Appliances included
• Fresh updates

Tags

• FULLY RENOVATED BATHROOMS
• MODERN AMENITIES
• FUNCTIONAL KITCHEN
• APPLIANCES INCLUDED
• FRESH UPDATES
• MOVE IN READY

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family property; Above-grade finished area approximately 1,056
• Construction: Built according to public records; Aluminum and vinyl siding; Asphalt shingle roof; Has home warranty
• Exterior features: Small lot (approximately 0.0716 acres)

Interior

• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water heating; Steam heating; Central air conditioning; Ceiling fans
• Interior features: Updated/remodeled condition; 6 total rooms; Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $145 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $129k).
• Recommended offer: $127k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 5.3% in Bedford — 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 73/100 on livability (#324 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• 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); 106 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals leasing fast (median 9d 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 $892 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

• It's been on market 21 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y 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 $60k; list at $129k implies a 115% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1908 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,065 (1.5% below list)

Questions for the listing agent

1. Built in 1908 — 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. 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: 1.05% ✓
• Cap rate: 7.64%
• Cash-on-cash: 4.83%
• DSCR: 1.21
• GRM: 8.0

CMA / ARV

• ARV (median comp): $150,517
• List price: $129,000
• Delta: -14.30%
• 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
26 E Grace St	0.18mi	2/1.0	1,008 (-4%)	0mo	$65,000	$64	84
14 Ennis Ave	0.12mi	3/2.0 (+1)	1,064 (+1%)	2mo	$156,500	$147	82
69 Nordham	0.26mi	3/1.0 (+1)	1,068 (+1%)	8mo	$149,000	$140	74
110 Talbot Dr	0.47mi	3/1.0 (+1)	1,090 (+3%)	5mo	$155,000	$142	64
52 Avalon Dr	0.29mi	3/2.0 (+1)	1,131 (+7%)	7mo	$192,000	$170	60
123 Ellenwood Ave	0.34mi	3/2.0 (+1)	1,160 (+10%)	3mo	$108,000	$93	56
370 Taft Ave	0.53mi	3/1.5 (+1)	978 (-7%)	1mo	$210,000	$215	55
139 W Glendale St	0.62mi	3/1.0 (+1)	1,092 (+3%)	7mo	$164,900	$151	55
123 Willard Ave	0.69mi	3/2.0 (+1)	1,086 (+3%)	4mo	$172,000	$158	51
90 Cowles Ave	0.56mi	3/1.0 (+1)	1,131 (+7%)	9mo	$84,000	$74	49
751 Mckinley Ave	0.57mi	3/1.0 (+1)	1,140 (+8%)	9mo	$119,900	$105	48
78 Gould Ave	0.45mi	3/1.0 (+1)	1,188 (+12%)	8mo	$165,000	$139	47

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 · 5.83% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.79×
• Total profit: $-7,649
• Equity at exit: $19,234

10-year hold

• IRR: 7.3%
• Equity multiple: 1.63×
• Total profit: $22,637
• Equity at exit: $11,154

Cash invested: $36,120 (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: 106
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,352 high
• Mortgage (P&I): −$676
• Tax from tax record: −$193 /mo · $2,311/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $145

Break-even live

Break-even rent $1,168

Max offer price $129,000

Occupancy floor 84%

Sensitivity live

Price	-10% $218	-5% $182	+0% $145	+5% $109	+10% $72
Rent	-10% $39	-5% $92	+0% $145	+5% $199	+10% $252
Rate	-1.0pp $210	-0.5pp $178	base $145	+0.5pp $112	+1.0pp $78

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14 Ennis Ave Bedford, OH	3.0	2.0	1064	$1,495	$1.41	44d	1	0.13mi
681 Washington St Unit 1496061P Bedford, OH	3.0	1.0	1151	$3,518	$3.06	8d	1	0.22mi
243 Grand Blvd Bedford, OH	3.0	2.0	1170	$1,500	$1.28	44d	1	0.72mi
286 W Grace St Bedford, OH	3.0	1.0	1254	$1,500	$1.20	17d	1	0.79mi
200 Solon Rd Unit 3 Bedford, OH	2.0	1.0	850	$1,100	$1.29	5d	1	0.81mi
204 Solon Rd Apt 2 Bedford, OH	2.0	1.0	900	$1,200	$1.33	5d	1	0.83mi
204 Solon Rd Bedford, OH	2.0	1.0	900	$1,200	$1.33	4d	1	0.83mi
199 Dalepark Dr Bedford, OH	2.0	1.0	896	$1,300	$1.45	44d	1	1.01mi
215 Dalepark Dr #4 Bedford, OH	2.0	1.0	896	$1,400	$1.56	18d	1	1.04mi
601 W Glendale St Bedford, OH	3.0	1.0	944	$1,197	$1.27	17d	1	1.19mi
5383 Sunnyslope Rd Maple Heights, OH	1.0–2.0	1.0–1.5	847	$1,075	$1.27	5d	2	1.20mi
6055 Bear Creek Dr Bedford Heights, OH	1.0–2.0	1.0–1.5	815	$1,081	$1.33	3d	30	1.22mi
5535 Oakwood Ave Maple Heights, OH	3.0	1.0	1116	$1,350	$1.21	5d	1	1.23mi
5535 Oakwood Ave Maple Heights, OH	3.0	1.0	1116	$1,350	$1.21	8d	1	1.23mi
5566 Beechwood Ave Maple Heights, OH	2.0	1.0	1000	$1,800	$1.80	20d	1	1.28mi
18413 Waterbury Ave Maple Heights, OH	3.0	1.5	1175	$1,850	$1.57	2d	1	1.28mi
5470 Hollywood Ave Maple Heights, OH	3.0	1.0	1150	$1,375	$1.20	44d	1	1.34mi
18308 Edinboro Ave Maple Heights, OH	3.0	1.0	1200	$1,349	$1.12	8d	1	1.37mi
5327 Northfield Rd Bedford, OH	2.0	1.5	850	$950	$1.12	17d	1	1.38mi
5440 Hollywood Ave Maple Heights, OH	3.0	1.0	1080	$1,445	$1.34	22d	1	1.39mi
5303 Northfield Rd Bedford Heights, OH	2.0	1.0–2.0	712	$1,210	$1.70	3d	28	1.45mi
20115 Libby Rd Maple Heights, OH	3.0	1.0	1365	$1,995	$1.46	2d	1	1.48mi
20510 Mountville Dr Maple Heights, OH	3.0	1.0	1131	$1,850	$1.64	44d	1	1.49mi
21106 Gardenview Dr Maple Heights, OH	3.0	2.0	1188	$1,600	$1.35	3d	1	1.50mi

Listing history 14 events

1. 2026-06-03
   days on market $129,000 Active 21 DOM
2. 2026-06-02
   days on market $129,000 Active 20 DOM
3. 2026-06-01
   days on market $129,000 Active 19 DOM
4. 2026-05-31
   days on market $129,000 Active 18 DOM
5. 2026-05-12
   listed $129,000 Active 736-char remark
6. 2025-03-01
   historical $1,400
7. 2024-10-29
   listed $1,400
8. 2022-05-04
   soldstatus $60,000
9. 2006-03-17
   soldstatus $66,000 248-char remark

   Show marketing remark (248 chars)

   Cute 2 Bedroom House On Elm Street. Front Porch. Remodeled Kitchen & Bath. Newer Windows, Roof, Furnace, C/A & H. W. Tank. Appliances Stay. Home Warranty Provided. Estate Sale- Priced To Sell. 2 Small City Violations Remain (See Below):

10. 2006-03-17
    soldstatus $66,000

    Show marketing remark (248 chars)

    Cute 2 Bedroom House On Elm Street. Front Porch. Remodeled Kitchen & Bath. Newer Windows, Roof, Furnace, C/A & H. W. Tank. Appliances Stay. Home Warranty Provided. Estate Sale- Priced To Sell. 2 Small City Violations Remain (See Below):

11. 2005-09-16
    listed $65,000 248-char remark

    Show marketing remark (248 chars)

    Cute 2 Bedroom House On Elm Street. Front Porch. Remodeled Kitchen & Bath. Newer Windows, Roof, Furnace, C/A & H. W. Tank. Appliances Stay. Home Warranty Provided. Estate Sale- Priced To Sell. 2 Small City Violations Remain (See Below):

12. 1978-05-01
    soldstatus $37,500
13. 1977-08-01
    soldstatus $34,500
14. 1977-08-01
    soldstatus $34,500

ⓘ 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: $2,311 · $193/mo
• Projected year-2 tax: $2,311 · $193/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 5/10 Major FEMA zone X (unshaded) · 54% 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: $16,225
• − Mortgage interest: −$7,226
• − Property taxes: −$2,311
• − Insurance: −$645
• − Repairs & maintenance: −$1,298
• − Management: −$1,298
• − Depreciation: −$3,753
• Taxable loss: −$306
• Est. tax savings @ 24.0%: +$73
• After-tax cash flow: $1,817/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 — Bedford

• Score: 73/100
• State rank: #324
• US rank: #5334

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bedford, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 29,349
• 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

+273.9% since first listed

10 events — show timeline

• 2026-05-12 Listed $129,000 MLSNOW
• 2025-03-01 Rental Removed $1,400 APPFOLIO
• 2024-10-29 Listed for Rent $1,400 APPFOLIO
• 2022-05-04 Sold (Public Records) $60,000 Public Records
• 2006-03-17 Sold (Public Records) $66,000 Public Records
• 2006-03-17 Sold (MLS) $66,000 MLSNOW
• 2005-09-16 Listed $65,000 MLSNOW
• 1978-05-01 Sold (Public Records) $37,500 Public Records
• 1977-08-01 Sold (Public Records) $34,500 Public Records
• 1977-08-01 Sold (Public Records) $34,500 Public Records

Property tax history

+3.0%/yr

Latest (2025): $2,311 · +1.3% YoY. Source: county tax records.