212 E Bridge St · Berea, OH 44017

$234,900

3 bd · 2.0 ba · 1,346 sqft · SingleFamily public records · 41 Days on market

Built 1904 10,824 sqft lot Est $240k · at est.

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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 +24.9/30.0
• ARV discount +8.4/15.0
• DSCR +8.1/10.0
• 1% rule +6.8/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This very well maintained investment property has been an excellent rental property for Baldwin Wallace students. The net operating income on this home makes this property an excellent investment. Since the property is in a very desirable location and is in such good condition, there is never an issue with finding tenants year after year. In fact, most years, the owners have plenty of different groups of students to choose from. The extra large Kitchen is a real benefit to the property. If you are looking for a solid, reliable investment priced at a good value, contact us for more details and financial information.

Key facts

• Newer back porch
• Central air
• Walkable location

Tags

• CENTRAL AIR
• NEWER BACK PORCH
• WALKABLE LOCATION
• EASY ACCESS TO HIGHWAYS

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water service; Public sewer service
• Home design: 2-story house; Vinyl siding exterior; Asphalt/fiberglass roof
• Construction: Built according to assessor records; Vinyl siding construction; Asphalt/fiberglass roof
• Exterior features: Public water; Public sewer; Lot approximately 0.25 acres

Interior

• Kitchen: Kitchen on the first floor
• Bedrooms: Second-level bedrooms (two bedrooms on the second floor); First-level bedroom
• Flooring: Wood flooring in multiple rooms (living room, foyer, bedrooms, second-floor bathroom)
• Bathrooms: Three full bathrooms; One main-level bathroom
• Heating & cooling: Central air conditioning; Forced-air gas heating
• Interior features: Partially finished basement; Entry/foyer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $507 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $235k).
• Recommended offer: $228k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.8% in Berea — 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 80/100 on livability (#136 in OH, #1,955 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities D, commute F.
• Berea City (suburban): math 47% / reading 56% proficiency, ranked #414 of 656 in OH (top 63%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 59 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 44% of the median local income ($75k/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 $2k of loan paydown is wiped out by about $7k 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 41 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 24y 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 $150k; list at $235k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1904 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $227,853 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1904 — 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 A-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. 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.
6. 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.
7. 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: 1.18% ✓
• Cap rate: 8.88%
• Cash-on-cash: 9.25%
• DSCR: 1.41
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $239,588
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
212 E Bridge St	0.00mi	3/3.0	1,346 (0%)	0mo	$250,000	$186	96
159 Eastland Rd	0.11mi	3/2.5	1,301 (-3%)	7mo	$265,000	$204	81
147 Adams St	0.20mi	3/1.0	1,358 (+1%)	7mo	$226,500	$167	79
99 Adams St	0.19mi	3/1.5	1,472 (+9%)	9mo	$240,000	$163	66
12 Eastland Rd	0.34mi	3/1.5	1,260 (-6%)	14mo	$236,000	$187	60
49 Monroe St	0.47mi	2/2.0 (-1)	1,212 (-10%)	2mo	$240,000	$198	55
19 Baker St	0.66mi	3/2.0	1,536 (+14%)	5mo	$265,000	$173	41
101 Jacob St	0.38mi	3/1.5	1,160 (-14%)	23mo	$204,000	$176	38
319 Robin Dr	0.73mi	3/2.0	1,522 (+13%)	12mo	$271,500	$178	34
159 Stanford Dr	0.69mi	3/1.0	1,546 (+15%)	16mo	$240,000	$155	26
115 Westbridge Dr	0.62mi	4/2.5 (+1)	1,512 (+12%)	23mo	$300,005	$198	25
323 Daisy Ave	0.72mi	4/2.5 (+1)	1,515 (+13%)	22mo	$225,000	$149	20

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -2.3%
• Equity multiple: 0.91×
• Total profit: $-5,716
• Equity at exit: $35,024

10-year hold

• IRR: 7.4%
• Equity multiple: 1.56×
• Total profit: $36,878
• Equity at exit: $20,310

Cash invested: $65,772 (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 44017

• Active inventory: 59
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,762 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$345 /mo · $4,143/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$580
• Net cashflow: $507

Break-even live

Break-even rent $2,120

Max offer price $234,900

Occupancy floor 77%

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: $58,725
• Closing costs: $7,047
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
367 S Rocky River Dr Unit 1496132P Berea, OH	4.0	2.0	1765	$5,357	$3.04	7d	1	0.57mi
55 Barrett Rd Berea, OH	3.0	1.0–2.0	798	$1,445	$1.81	10d	1	1.10mi
287 Edgewood Dr Berea, OH	3.0	1.0	1284	$1,800	$1.40	2d	1	1.28mi
670 Prospect Rd Berea, OH	1.0–3.0	1.0	852	$1,686	$1.98	2d	16	1.30mi

Listing history 16 events

1. 2026-05-21
   status Pending
2. 2026-05-14
   historical Contingent
3. 2026-05-14
   status Active
4. 2026-04-22
   historical Contingent
5. 2026-04-10
   listed $234,900 Active
6. 2020-07-08
   soldstatus $150,000
7. 2015-06-02
   status Pending 622-char remark

   Show marketing remark (622 chars)

   This very well maintained investment property has been an excellent rental property for Baldwin Wallace students. The net operating income on this home makes this property an excellent investment. Since the property is in a very desirable location and is in such good condition, there is never an issue with finding tenants year after year. In fact, most years, the owners have plenty of different groups of students to choose from. The extra large Kitchen is a real benefit to the property. If you are looking for a solid, reliable investment priced at a good value, contact us for more details and financial information.

8. 2015-06-01
   soldstatus $110,500 Sold 622-char remark

   Show marketing remark (622 chars)

   This very well maintained investment property has been an excellent rental property for Baldwin Wallace students. The net operating income on this home makes this property an excellent investment. Since the property is in a very desirable location and is in such good condition, there is never an issue with finding tenants year after year. In fact, most years, the owners have plenty of different groups of students to choose from. The extra large Kitchen is a real benefit to the property. If you are looking for a solid, reliable investment priced at a good value, contact us for more details and financial information.

9. 2015-06-01
   soldstatus $109,000

   Show marketing remark (622 chars)

   This very well maintained investment property has been an excellent rental property for Baldwin Wallace students. The net operating income on this home makes this property an excellent investment. Since the property is in a very desirable location and is in such good condition, there is never an issue with finding tenants year after year. In fact, most years, the owners have plenty of different groups of students to choose from. The extra large Kitchen is a real benefit to the property. If you are looking for a solid, reliable investment priced at a good value, contact us for more details and financial information.

10. 2015-05-11
    historical Contingent 622-char remark

    Show marketing remark (622 chars)

    This very well maintained investment property has been an excellent rental property for Baldwin Wallace students. The net operating income on this home makes this property an excellent investment. Since the property is in a very desirable location and is in such good condition, there is never an issue with finding tenants year after year. In fact, most years, the owners have plenty of different groups of students to choose from. The extra large Kitchen is a real benefit to the property. If you are looking for a solid, reliable investment priced at a good value, contact us for more details and financial information.

11. 2015-05-11
    status Pending 622-char remark

    Show marketing remark (622 chars)

    This very well maintained investment property has been an excellent rental property for Baldwin Wallace students. The net operating income on this home makes this property an excellent investment. Since the property is in a very desirable location and is in such good condition, there is never an issue with finding tenants year after year. In fact, most years, the owners have plenty of different groups of students to choose from. The extra large Kitchen is a real benefit to the property. If you are looking for a solid, reliable investment priced at a good value, contact us for more details and financial information.

12. 2015-04-23
    listed $124,900 Active 622-char remark

    Show marketing remark (622 chars)

    This very well maintained investment property has been an excellent rental property for Baldwin Wallace students. The net operating income on this home makes this property an excellent investment. Since the property is in a very desirable location and is in such good condition, there is never an issue with finding tenants year after year. In fact, most years, the owners have plenty of different groups of students to choose from. The extra large Kitchen is a real benefit to the property. If you are looking for a solid, reliable investment priced at a good value, contact us for more details and financial information.

13. 2002-07-24
    soldstatus $150,000
14. 2002-06-28
    historical
15. 2002-01-28
    listed $146,900
16. 1992-03-06
    soldstatus $85,800

ⓘ 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: $4,143 · $345/mo
• Projected year-2 tax: $4,143 · $345/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 ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,140
• − Mortgage interest: −$13,158
• − Property taxes: −$4,143
• − Insurance: −$1,174
• − Repairs & maintenance: −$2,651
• − Management: −$2,651
• − Depreciation: −$6,833
• Taxable income: $2,528
• Est. tax owed @ 24.0%: −$607
• After-tax cash flow: $5,474/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: Berea City
• NCES district ID: 3904360
• Math proficiency: 47% ▼ -17.00%
• Reading proficiency: 56% ▼ -7.00%
• Median HH income: $51,921
• Composite: 44.18/100
• National rank: #2856
• State rank: #414 of 656 in OH

Livability — Berea

• Score: 80/100
• State rank: #136
• US rank: #1955

Category grades

Amenities D 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: Berea, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 18,279
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 18,279
• Household income: $75,231
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 356.0

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 (79%)
• Race & ethnicity: White 79% Black 8% Two or more races 8% Hispanic / Latino 4% Asian 2%
• Common ancestry: Romanian 11% Slovak 3% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 1% Other Indo-European 1% Chinese 0%

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: ▼ -139.89%
• Current HPI: 208.8113
• Rent YoY: —
• 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

+173.8% since first listed

16 events — show timeline

• 2026-05-21 Pending — MLSNOW
• 2026-05-14 Contingent — MLSNOW
• 2026-05-14 Relisted — MLSNOW
• 2026-04-22 Contingent — MLSNOW
• 2026-04-10 Listed $234,900 MLSNOW
• 2020-07-08 Sold (Public Records) $150,000 Public Records
• 2015-06-02 Pending — MLSNOW
• 2015-06-01 Sold (Public Records) $109,000 Public Records
• 2015-06-01 Sold (MLS) $110,500 MLSNOW
• 2015-05-11 Contingent — MLSNOW
• 2015-05-11 Pending — MLSNOW
• 2015-04-23 Listed $124,900 MLSNOW
• 2002-07-24 Sold (Public Records) $150,000 Public Records
• 2002-06-28 Listing Removed — MLSNOW
• 2002-01-28 Listed $146,900 MLSNOW
• 1992-03-06 Sold (Public Records) $85,800 Public Records

Property tax history

+1.3%/yr

Latest (2025): $4,143 · +0.2% YoY. Source: county tax records.