15522 Turney Rd · Maple Heights, OH 44137

$153,000

3 bd · 1.0 ba · 1,044 sqft · SingleFamily public records · 153 Days on market

Built 1950 4,922 sqft lot $147/sqft · 11% below area Est $173k · 11% 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 +18.0/30.0
• ARV discount +12.6/15.0
• DSCR +5.6/10.0
• 1% rule +5.5/10.0
• Rent growth +5.0/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this fully updated Cape Cod, an excellent investment opportunity currently tenant-occupied under Section 8 at $1,650 month-to-month, & paid 100% by the program. OR this home can be made available for immediate move-in for a first-time homebuyer. This property has been completely renovated from top to bottom and features a brand-new exterior that greatly enhances its curb appeal. Updates include new windows, new interior and exterior doors, freshly painted walls with new trim and moldings, and restored hardwood floors on the first floor. The kitchen is newer with new flooring, new appliances that'll stay, and the full bathroom has been completely renovated. The finished basement adds valuable living space. The garage has been upgraded with a new roof, new siding, a new garage door, and a new concrete floor. Enjoy outdoor living on the renovated deck. The home has been well maintained and shows pride of ownership, offering a low-maintenance, turn-key option for investors or owner-occupants alike. Located in a desirable, established neighborhood with nearby amenities, convenient shopping, and easy highway access. The home has no violations. Whether you’re looking to add a strong cash-flowing property to your portfolio or purchase a move-in-ready home, this is a great opportunity in a solid rental and owner-occupied area.

Key facts

• New exterior doors
• Fully updated
• New interior doors

Tags

• FULLY UPDATED
• COMPLETELY RENOVATED
• NEW EXTERIOR
• NEW WINDOWS
• NEW INTERIOR DOORS
• NEW EXTERIOR DOORS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $153k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $153k).
• Recommended offer: $135k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#470 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, health & safety A-; Watch: schools D+, crime D, employment D.
• Maple Heights City (suburban): math 14% / reading 25% proficiency, ranked #630 of 656 in OH (top 96%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+14.8%/yr); 86 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 36% of the median local income ($54k/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 $1k of loan paydown is wiped out by about $5k 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 + 8.0% rent growth), your $43k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $12k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $153k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $134,640 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 7.32%
• Cash-on-cash: 3.66%
• DSCR: 1.16
• GRM: 7.9

CMA / ARV

• ARV (median comp): $172,636
• List price: $153,000
• Delta: -11.37%
• 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
15405 Turney Rd	0.08mi	3/1.5	1,092 (+5%)	2mo	$165,000	$151	85
15817 Steinway Blvd	0.29mi	3/1.5	1,073 (+3%)	5mo	$175,000	$163	76
15413 Shirley Ave	0.09mi	3/1.5	1,153 (+10%)	1mo	$180,000	$156	76
15709 Steinway Blvd	0.25mi	3/2.0	1,073 (+3%)	5mo	$174,000	$162	76
15800 Steinway Blvd	0.24mi	4/2.0 (+1)	1,073 (+3%)	3mo	$246,000	$229	72
15712 Morning Star Ave	0.29mi	3/2.0	988 (-5%)	4mo	$170,185	$172	70
5948 Dunham Rd	0.42mi	3/2.0	1,072 (+3%)	2mo	$140,000	$131	70
15513 Walvern Blvd	0.16mi	4/1.0 (+1)	1,170 (+12%)	2mo	$97,000	$83	66
15080 Schreiber Rd	0.42mi	3/1.5	1,121 (+7%)	4mo	$188,000	$168	62
15803 Maplewood Ave	0.74mi	3/1.0	1,104 (+6%)	4mo	$165,000	$149	52
6030 Dunham Rd	0.29mi	2/1.5 (-1)	1,181 (+13%)	6mo	$117,000	$99	52
15617 Rockside Rd	0.69mi	3/1.0	1,128 (+8%)	6mo	$151,000	$134	50

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.82×
• Total profit: $-7,913
• Equity at exit: $22,813

10-year hold

• IRR: 10.3%
• Equity multiple: 2.00×
• Total profit: $42,742
• Equity at exit: $13,229

Cash invested: $42,840 (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 44137

• Home prices YoY: -34.7%
• Rents YoY: 14.8%
• Active inventory: 86
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,606 high
• Mortgage (P&I): −$802
• Tax from tax record: −$272 /mo · $3,260/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $131

Break-even live

Break-even rent $1,440

Max offer price $153,000

Occupancy floor 87%

Sensitivity live

Price	-10% $217	-5% $174	+0% $131	+5% $87	+10% $44
Rent	-10% $4	-5% $67	+0% $131	+5% $194	+10% $257
Rate	-1.0pp $208	-0.5pp $170	base $131	+0.5pp $91	+1.0pp $51

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: $38,250
• Closing costs: $4,590
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
681 Turney Rd Bedford, OH	2.0	1.0	1030	$1,500	$1.46	5d	1	0.40mi
681 Turney Rd Bedford, OH	1.0–2.0	1.0–1.5	795	$1,500	$1.89	20d	13	0.40mi
15312 Ramage Ave Maple Heights, OH	3.0	1.0	1060	$1,595	$1.50	45d	1	0.50mi
16011 Maplewood Ave Maple Heights, OH	3.0	1.0	1070	$1,300	$1.21	45d	1	0.79mi
16224 Maplewood Ct Maple Heights, OH	2.0	1.0	926	$1,550	$1.67	17d	1	0.80mi
601 W Glendale St Bedford, OH	3.0	1.0	944	$1,197	$1.27	17d	1	0.81mi
14509 Rockside Rd Maple Heights, OH	3.0	2.0	1430	$2,300	$1.61	3d	1	0.84mi
14100 Brunswick Ave Maple Heights, OH	3.0	1.0	1157	$1,475	$1.27	45d	1	1.03mi
14519 Tokay Ave Maple Heights, OH	3.0	1.0	1230	$1,325	$1.08	45d	1	1.06mi
15409 Benhoff Dr Maple Heights, OH	3.0	1.0	728	$1,800	$2.47	3d	1	1.15mi
286 W Grace St Bedford, OH	3.0	1.0	1254	$1,500	$1.20	17d	1	1.21mi
5627 Jefferson Ave Maple Heights, OH	3.0	1.0	1136	$1,250	$1.10	8d	1	1.26mi
14205 Corridon Ave Maple Heights, OH	4.0	1.5	1236	$1,650	$1.33	25d	1	1.32mi
5973 Turney Rd Cleveland, OH	3.0	1.5	1159	$1,425	$1.23	25d	1	1.34mi
12808 Havana Rd Cleveland, OH	3.0	1.0	1056	$1,350	$1.28	17d	1	1.38mi
5554 Dalewood Ave Maple Heights, OH	3.0	1.0	1150	$1,500	$1.30	13d	1	1.43mi
13776 Shady Oak Blvd Cleveland, OH	4.0	1.0	1170	$1,600	$1.37	16d	1	1.48mi
5445 Lee Rd Unit 6-R Maple Heights, OH	2.0	1.0	800	$1,299	$1.62	8d	1	1.49mi

Listing history 37 events

1. 2026-06-21
   days on market $153,000 Active 153 DOM
2. 2026-06-18
   days on market $153,000 Active 150 DOM
3. 2026-06-17
   days on market $153,000 Active 149 DOM
4. 2026-06-16
   days on market $153,000 Active 148 DOM
5. 2026-06-15
   days on market $153,000 Active 147 DOM
6. 2026-06-13
   days on market $153,000 Active 145 DOM
7. 2026-06-09
   days on market $153,000 Active 141 DOM
8. 2026-06-08
   days on market $153,000 Active 140 DOM
9. 2026-06-07
   days on market $153,000 Active 139 DOM
10. 2026-06-05
    days on market $153,000 Active 136 DOM
11. 2026-06-03
    days on market $153,000 Active 135 DOM
12. 2026-06-02
    days on market $153,000 Active 134 DOM
13. 2026-06-01
    days on market $153,000 Active 133 DOM
14. 2026-05-31
    days on market $153,000 Active 132 DOM
15. 2026-02-06
    price $153,000 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to this fully updated Cape Cod, an excellent investment opportunity currently tenant-occupied under Section 8 at $1,650 month-to-month, & paid 100% by the program. OR this home can be made available for immediate move-in for a first-time homebuyer. This property has been completely renovated from top to bottom and features a brand-new exterior that greatly enhances its curb appeal. Updates include new windows, new interior and exterior doors, freshly painted walls with new trim and moldings, and restored hardwood floors on the first floor. The kitchen is newer with new flooring, new appliances that'll stay, and the full bathroom has been completely renovated. The finished basement adds valuable living space. The garage has been upgraded with a new roof, new siding, a new garage door, and a new concrete floor. Enjoy outdoor living on the renovated deck. The home has been well maintained and shows pride of ownership, offering a low-maintenance, turn-key option for investors or owner-occupants alike. Located in a desirable, established neighborhood with nearby amenities, convenient shopping, and easy highway access. The home has no violations. Whether you’re looking to add a strong cash-flowing property to your portfolio or purchase a move-in-ready home, this is a great opportunity in a solid rental and owner-occupied area.

16. 2026-01-17
    listed $165,000 Active 1361-char remark

    Show marketing remark (1361 chars)

    Welcome to this fully updated Cape Cod, an excellent investment opportunity currently tenant-occupied under Section 8 at $1,650 month-to-month, & paid 100% by the program. OR this home can be made available for immediate move-in for a first-time homebuyer. This property has been completely renovated from top to bottom and features a brand-new exterior that greatly enhances its curb appeal. Updates include new windows, new interior and exterior doors, freshly painted walls with new trim and moldings, and restored hardwood floors on the first floor. The kitchen is newer with new flooring, new appliances that'll stay, and the full bathroom has been completely renovated. The finished basement adds valuable living space. The garage has been upgraded with a new roof, new siding, a new garage door, and a new concrete floor. Enjoy outdoor living on the renovated deck. The home has been well maintained and shows pride of ownership, offering a low-maintenance, turn-key option for investors or owner-occupants alike. Located in a desirable, established neighborhood with nearby amenities, convenient shopping, and easy highway access. The home has no violations. Whether you’re looking to add a strong cash-flowing property to your portfolio or purchase a move-in-ready home, this is a great opportunity in a solid rental and owner-occupied area.

17. 2025-10-17
    historical
18. 2025-09-12
    price $151,500
19. 2025-08-06
    price $153,000
20. 2025-07-23
    price $156,000
21. 2025-07-17
    listed $159,000 Active
22. 2025-07-17
    historical
23. 2025-07-15
    price $157,500
24. 2025-06-04
    listed $159,000 Active
25. 2025-01-16
    historical $1,600
26. 2025-01-10
    listed $1,600
27. 2024-10-30
    soldstatus $90,000 Closed
28. 2024-10-21
    status Pending
29. 2024-10-10
    price $85,000
30. 2024-08-28
    price $94,500
31. 2024-08-26
    status Active
32. 2024-08-01
    status Pending
33. 2024-07-26
    price $99,900
34. 2024-07-03
    listed $109,900 Active
35. 1990-07-27
    soldstatus $57,000
36. 1988-03-03
    soldstatus $41,000
37. 1980-06-30
    soldstatus $31,000

ⓘ 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: $3,260 · $272/mo
• Projected year-2 tax: $3,260 · $272/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 · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,267
• − Mortgage interest: −$8,570
• − Property taxes: −$3,260
• − Insurance: −$765
• − Repairs & maintenance: −$1,541
• − Management: −$1,541
• − Depreciation: −$4,451
• Taxable loss: −$862
• Est. tax savings @ 24.0%: +$207
• After-tax cash flow: $1,775/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: Maple Heights City
• NCES district ID: 3904430
• Math proficiency: 14% ▼ -22.00%
• Reading proficiency: 25% ▼ -11.00%
• Median HH income: $38,856
• Composite: 16.39/100
• National rank: #9197
• State rank: #630 of 656 in OH

Livability — Maple Heights

• Score: 70/100
• State rank: #470
• US rank: #7818

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maple Heights, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 23,285
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 23,285
• Household income: $53,918
• Rent vs Own: 37.2% rent · 62.8% own
• Severe rent burden: 971.0

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 (74%)
• Race & ethnicity: Black 74% White 20% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 3% Scotch-Irish 2%
• Foreign-born: 2% · Canada, China
• Languages at home: 98% English-only · Spanish 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: ▼ -87.37%
• Current HPI: 164.4326
• Rent YoY: ▲ 14.82%
• 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

+393.5% since first listed

23 events — show timeline

• 2026-02-06 Price Changed $153,000 MLSNOW
• 2026-01-17 Listed $165,000 MLSNOW
• 2025-10-17 Listing Removed — MLSNOW
• 2025-09-12 Price Changed $151,500 MLSNOW
• 2025-08-06 Price Changed $153,000 MLSNOW
• 2025-07-23 Price Changed $156,000 MLSNOW
• 2025-07-17 Listing Removed — MLSNOW
• 2025-07-17 Listed $159,000 MLSNOW
• 2025-07-15 Price Changed $157,500 MLSNOW
• 2025-06-04 Listed $159,000 MLSNOW
• 2025-01-16 Rental Removed $1,600 YESMLS
• 2025-01-10 Listed for Rent $1,600 YESMLS
• 2024-10-30 Sold (MLS) $90,000 MLSNOW
• 2024-10-21 Pending — MLSNOW
• 2024-10-10 Price Changed $85,000 MLSNOW
• 2024-08-28 Price Changed $94,500 MLSNOW
• 2024-08-26 Relisted — MLSNOW
• 2024-08-01 Pending — MLSNOW
• 2024-07-26 Price Changed $99,900 MLSNOW
• 2024-07-03 Listed $109,900 MLSNOW
• 1990-07-27 Sold (Public Records) $57,000 Public Records
• 1988-03-03 Sold (Public Records) $41,000 Public Records
• 1980-06-30 Sold (Public Records) $31,000 Public Records

Property tax history

+4.7%/yr

Latest (2025): $3,260 · -8.1% YoY. Source: county tax records.