1379 E 219th St · Euclid, OH 44117

$74,900

2 bd · 1.0 ba · 934 sqft · SingleFamily public records · 28 Days on market

Built 1938 5,240 sqft lot Est $141k · 47% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Check out this investment opportunity in this Euclid ranch home. This home features two bedrooms, a formal living room and formal dining room. This home also features a large enclosed rear porch for additional entertainment space. This home does need repairs but offers so much potential for a savvy buyer. The seller makes no representations or warranties about the condition of this home and it is to be sold in as is condition.

Key facts

• Formal dining room
• Enclosed rear porch
• Formal living room

Tags

• ENCLOSED REAR PORCH
• FORMAL LIVING ROOM
• FORMAL DINING ROOM

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Single-story home; Block foundation
• Construction: Wood siding; Asphalt/fiberglass roof; Built per public records
• Exterior features: Lot dimensions approximately 40 x 131; Faces west

Interior

• Bedrooms: Two main-level bedrooms
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced-air gas heating
• Interior features: Unfinished basement; One fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $384 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $74k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.3% vs local median 6.8% in Euclid — 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 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: 33 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 34% of the median local income ($43k/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 $518 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1938 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $73,776 (1.5% below list)

Questions for the listing agent

1. Built in 1938 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.63% ✓
• Cap rate: 13.34%
• Cash-on-cash: 25.17%
• DSCR: 2.12
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $141,034
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1375 E 219th St	0.01mi	2/1.0	898 (-4%)	18mo	$100,000	$111	78
22409 Coulter Ave	0.17mi	2/1.0	924 (-1%)	20mo	$84,000	$91	74
1530 E 219th St	0.21mi	2/1.0	840 (-10%)	13mo	$138,000	$164	62
22581 Chardon Rd	0.62mi	2/1.0	928 (-1%)	19mo	$140,000	$151	55
1975 E 226th St	0.70mi	2/1.0	900 (-4%)	11mo	$176,000	$196	52

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: 14.7%
• Equity multiple: 1.59×
• Total profit: $12,401
• Equity at exit: $11,168

10-year hold

• IRR: 23.5%
• Equity multiple: 3.03×
• Total profit: $42,550
• Equity at exit: $6,476

Cash invested: $20,972 (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 44117

• Home prices YoY: -9.8%
• Active inventory: 33
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,219 high
• Mortgage (P&I): −$393
• Tax from tax record: −$99 /mo · $1,188/yr
• Insurance: −$31
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $384

Break-even live

Break-even rent $732

Max offer price $74,900

Occupancy floor 63%

Sensitivity live

Price	-10% $427	-5% $406	+0% $384	+5% $363	+10% $342
Rent	-10% $288	-5% $336	+0% $384	+5% $433	+10% $481
Rate	-1.0pp $422	-0.5pp $403	base $384	+0.5pp $365	+1.0pp $345

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22250 Euclid Ave Euclid, OH	1.0	1.0	695	$995	$1.43	24d	2	0.33mi
22140 Euclid Ave Euclid, OH	1.0	1.0	675	$929	$1.38	44d	3	0.33mi
22550 Euclid Ave Unit 212 Euclid, OH	1.0	1.0	548	$1,000	$1.82	44d	1	0.35mi
22550 Euclid Ave Unit 207 Euclid, OH	2.0	1.0	888	$1,279	$1.44	44d	1	0.35mi
21253 Chardon Rd Unit 203 Euclid, OH	1.0	1.0	800	$995	$1.24	24d	1	0.50mi
4 Gateway Dr Euclid, OH	2.0	1.0–2.0	650	$1,150	$1.77	8d	5	0.72mi
871 E 212th St Cleveland, OH	3.0	1.5	1092	$1,399	$1.28	44d	1	0.74mi
24130 Euclid Ave Euclid, OH	2.0	1.0	725	$1,200	$1.66	17d	2	0.78mi
927 E 216th St Unit 1 Euclid, OH	2.0	1.0	850	$1,147	$1.35	5d	1	0.79mi
20664 Miller Ave Unit Down Unit Euclid, OH	3.0	2.0	1100	$1,200	$1.09	44d	1	0.93mi
961 E 224th St Euclid, OH	3.0	1.0	1034	$1,300	$1.26	17d	1	0.95mi
24630 Euclid Ave Euclid, OH	2.0	1.0	750	$1,100	$1.47	11d	1	0.99mi
20051 Green Oak Dr Euclid, OH	3.0	1.5	1092	$1,550	$1.42	15d	1	1.03mi
22501 Arms Ave Euclid, OH	3.0	1.0	1044	$1,350	$1.29	24d	1	1.11mi
21301 Arbor Ave Euclid, OH	3.0	1.0	1050	$1,450	$1.38	20d	1	1.12mi
19750 Euclid Ave Euclid, OH	1.0–3.0	1.0–1.5	840	$1,172	$1.40	17d	3	1.12mi
19430 Monterey Ave Cleveland, OH	3.0	1.5	898	$1,236	$1.38	22d	1	1.28mi
20990 Morris Ave Euclid, OH	3.0	1.0	778	$1,355	$1.74	44d	1	1.31mi
455 E 200th St Cleveland, OH	2.0	1.0	950	$1,150	$1.21	24d	1	1.34mi
20500 Morris Ave Euclid, OH	3.0	1.0	1104	$1,399	$1.27	44d	1	1.36mi
404 E 200th St Cleveland, OH	2.0	1.0	884	$1,095	$1.24	44d	1	1.44mi
1541 E 191st St Euclid, OH	2.0	1.0–1.5	624	$925	$1.48	44d	1	1.45mi
1554 E 256th St Euclid, OH	2.0	2.0	1062	$1,250	$1.18	24d	1	1.45mi
1550 E 256th St Euclid, OH	3.0	1.0	1054	$1,700	$1.61	2d	1	1.46mi
19205 Pasnow Ave Euclid, OH	3.0	1.0	698	$1,575	$2.26	2d	1	1.46mi
824 E 236th St Euclid, OH	3.0	2.0	1100	$1,720	$1.56	2d	1	1.49mi

Listing history 14 events

1. 2026-06-18
   days on market $74,900 Active 28 DOM
2. 2026-06-17
   days on market $74,900 Active 27 DOM
3. 2026-06-16
   days on market $74,900 Active 26 DOM
4. 2026-06-15
   days on market $74,900 Active 25 DOM
5. 2026-06-13
   days on market $74,900 Active 23 DOM
6. 2026-06-09
   days on market $74,900 Active 19 DOM
7. 2026-06-08
   days on market $74,900 Active 18 DOM
8. 2026-06-07
   days on market $74,900 Active 17 DOM
9. 2026-06-05
   days on market $74,900 Active 14 DOM
10. 2026-06-03
    days on market $74,900 Active 13 DOM
11. 2026-06-02
    days on market $74,900 Active 12 DOM
12. 2026-06-01
    days on market $74,900 Active 11 DOM
13. 2026-05-31
    days on market $74,900 Active 10 DOM
14. 2026-05-20
    listed $74,900 Active

ⓘ 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: $1,188 · $99/mo
• Projected year-2 tax: $1,188 · $99/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥94°F today · 16 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: $14,627
• − Mortgage interest: −$4,196
• − Property taxes: −$1,188
• − Insurance: −$1,041
• − Repairs & maintenance: −$1,170
• − Management: −$1,170
• − Depreciation: −$2,179
• Taxable income: $3,683
• Est. tax owed @ 24.0%: −$884
• After-tax cash flow: $3,729/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): 9,172
• Household income: $43,013
• Rent vs Own: 53.7% rent · 46.3% own
• Severe rent burden: 970.0

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 Black (71%)
• Race & ethnicity: Black 71% White 22% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Romanian 1% Serbian 1%
• Foreign-born: 2%
• Languages at home: 96% English-only · Spanish 2% French/Haitian/Cajun 1% Tagalog/Filipino 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: ▼ -23.42%
• Current HPI: 214.6784
• 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

1 event — show timeline

• 2026-05-20 Listed $74,900 MLSNOW

Property tax history

+5.9%/yr

Latest (2025): $1,188 · -9.8% YoY. Source: county tax records.