1024 Quentin Rd · Eastlake, OH 44095

$184,900

3 bd · 1.5 ba · 1,384 sqft · SingleFamily public records · 5 Days on market

Built 1955 7,649 sqft lot Est $227k · 19% under

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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).

• ARV discount +15.0/15.0
• Cash flow +12.0/30.0
• 1% rule +4.3/10.0
• Schools +4.3/10.0
• Rent growth +3.7/5.0
• DSCR +3.6/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move in Ready! This lovely freshened up Ranch offers a large family room with a separate entrance, and a half bath. Possible in-law suite could be created if needed. Large eat in kitchen with new flooring and all appliances stay. Plenty of cabinets and counterspace. Spacious living room with small dining area. Full bath with new vanity and flooring. All freshly painted. 2 new storm/screen doors. New outlets, switch plates and registers. New blinds, ceiling fans and more! Fenced in rear yard. Well maintained. Brand new schools! Video available. Schedule today ~ this won't last!!

Key facts

• 7,649 sq ft lot
• Garage
• Built 1955

Property features AI

Finance

• Other: Home warranty included
• Financial info: Annual tax listed (see agent for details)

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: One-story home; Above-grade finished living area recorded as 1,384; Block foundation
• Construction: Aluminum siding; Asphalt roof; Built year per public records
• Exterior features: Back yard fencing; Lot approximately 0.1756 acres

Interior

• Bedrooms: 3 main-level bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom; 2 main-level bathrooms
• Heating & cooling: Central air conditioning; Forced air heating (gas)
• Interior features: Total of 7 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $-43 ($-518/yr) — negative.
• To cash-flow at today's rent, offer at most $177k (4.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (6.5% below list).
• Recommended offer: $173k (6.5% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.8% in Eastlake — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 68/100 on livability (#550 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: employment D+, amenities F, 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; 2 comparable units currently listed for rent nearby; 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 $6k 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

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 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.
• Current owner paid $127k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $172,866 (6.5% 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 1955 — 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: 0.93% ✗
• Cap rate: 6.01%
• Cash-on-cash: -1.00%
• DSCR: 0.96
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $226,976
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
336 Waverly Rd	0.41mi	3/1.5	1,350 (-2%)	3mo	$192,500	$143	74
33661 Kenilworth Rd	0.39mi	4/2.0 (+1)	1,339 (-3%)	1mo	$215,000	$161	69
424 Woodstock Rd	0.42mi	3/1.0	1,468 (+6%)	1mo	$180,500	$123	68
352 E 328th St	0.39mi	3/2.5	1,461 (+6%)	1mo	$239,000	$164	67
1313 Waverly Rd	0.33mi	3/1.0	1,500 (+8%)	2mo	$179,900	$120	67
1344 Waverly Rd	0.38mi	3/2.0	1,500 (+8%)	2mo	$112,000	$75	65
33072 Edward Ave	0.65mi	3/1.5	1,424 (+3%)	3mo	$160,000	$112	62
1284 E 348th St	0.67mi	3/1.5	1,300 (-6%)	1mo	$243,000	$187	58
32706 Lakeshore Blvd	0.56mi	4/2.0 (+1)	1,313 (-5%)	1mo	$223,000	$170	58
391 E 324th St	0.50mi	3/2.0	1,242 (-10%)	0mo	$240,000	$193	57
32113 Dickerson Rd	0.72mi	3/2.5	1,460 (+6%)	2mo	$269,000	$184	52
31931 Dickerson Rd	0.75mi	3/2.0	1,552 (+12%)	3mo	$266,650	$172	40

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: -15.7%
• Equity multiple: 0.43×
• Total profit: $-29,397
• Equity at exit: $27,569

10-year hold

• IRR: -4.0%
• Equity multiple: 0.71×
• Total profit: $-15,056
• Equity at exit: $15,987

Cash invested: $51,772 (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: 8.9×

Monthly cashflow live

• Estimated rent: $1,729 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$362 /mo · $4,345/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $-43

Break-even live

Break-even rent $1,783

Max offer price $177,281

Occupancy floor 97%

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
360 E 326th St Willowick, OH	2.0	2.0	1053	$1,447	$1.37	2d	1	0.49mi
1323 E 360th St Eastlake, OH	3.0	1.0	1036	$1,599	$1.54	16d	1	1.21mi

Listing history 6 events

1. 2026-06-18
   days on market $184,900 Active 5 DOM
2. 2026-06-17
   days on market $184,900 Active 4 DOM
3. 2026-06-16
   days on market $184,900 Active 3 DOM
4. 2026-06-15
   days on market $184,900 Active 2 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $184,900 Active 1 DOM

ⓘ 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: $4,345 · $362/mo
• Projected year-2 tax: $4,345 · $362/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 ≥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: $20,744
• − Mortgage interest: −$10,357
• − Property taxes: −$4,345
• − Insurance: −$924
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − Depreciation: −$5,379
• Taxable loss: −$3,581
• Est. tax savings @ 24.0%: +$859
• After-tax cash flow: $342/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 — Eastlake

• Score: 68/100
• State rank: #550
• US rank: #9388

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eastlake, OH
• County: Lake County · 204,927 people
• City population: 32,363
• 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

+70.4% since first listed

16 events — show timeline

• 2026-06-12 Listed $184,900 MLSNOW
• 2020-08-12 Pending — MLSNOW
• 2020-08-11 Sold (Public Records) $454,986 Public Records
• 2020-08-11 Sold (MLS) $127,000 MLSNOW
• 2020-07-02 Contingent — MLSNOW
• 2020-06-28 Listed $129,900 MLSNOW
• 2006-04-05 Sold (Public Records) $130,025 Public Records
• 2006-04-05 Sold (MLS) $129,900 MLSNOW
• 2006-01-13 Listed $129,900 MLSNOW
• 2006-01-12 Listing Removed — MLSNOW
• 2005-07-12 Listed $132,900 MLSNOW
• 2004-04-13 Listing Removed — MLSNOW
• 2003-10-13 Listed $122,900 MLSNOW
• 2003-08-19 Sold (Public Records) $107,500 Public Records
• 2003-08-19 Sold (MLS) $107,500 MLSNOW
• 2003-06-26 Listed $108,500 MLSNOW

Property tax history

+7.2%/yr

Latest (2025): $4,345 · +30.6% YoY. Source: county tax records.