1533 E 195th St · Euclid, OH 44117

$115,000

3 bd · 1.0 ba · 1,280 sqft · SingleFamily public records · 10 Days on market

Built 1923 5,318 sqft lot $90/sqft · 23% above area Est $93k · 23% over

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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 +29.1/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

No wholesalers. No Seller financing. No low ball offers. Welcome to this beautifully maintained and move-in-ready home, an excellent opportunity for first-time homebuyers or anyone looking for comfort, space, and convenience! From the moment you step inside, you’ll appreciate the spacious and inviting living room filled with natural light, creating the perfect atmosphere for relaxing with family or entertaining guests. The adjoining dining area flows seamlessly into the functional kitchen, offering ample cabinetry space, vinyl flooring, and a practical layout designed for everyday living. Upstairs, you’ll find 3 comfortable bedrooms and 1 full bathroom, featuring younger carpeti

Key facts

• Functional kitchen
• Two car garage
• Spacious living room

Tags

• SPACIOUS LIVING ROOM
• FUNCTIONAL KITCHEN
• PARTIALLY FINISHED BASEMENT
• LARGE FULLY FENCED BACKYARD
• TWO CAR GARAGE
• UPDATED VINYL WINDOWS

Property features AI

Exterior

• Parking: Detached garage with 2 garage spaces; Driveway
• Utilities: Public water; Public sewer
• Home design: 2 stories; 1,280 above-grade finished area
• Construction: Built per public records; Asphalt/fiberglass roof
• Exterior features: Aluminum and vinyl siding

Interior

• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating
• Interior features: 6 total rooms; Full, partially finished basement
• Laundry & utility: Laundry located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $398 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Cap rate 10.4% vs local median 6.7% 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: 34 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 43% 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 $795 of loan paydown is wiped out by about $3k 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 $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $44k; list at $115k implies a 161% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $115,000

Questions for the listing agent

1. Built in 1923 — 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: 1.35% ✓
• Cap rate: 10.45%
• Cash-on-cash: 14.84%
• DSCR: 1.66
• GRM: 6.2

CMA / ARV

• ARV (median comp): $93,271
• List price: $115,000
• Delta: 23.30%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1487 E 193 St	0.10mi	3/1.0	1,224 (-4%)	10mo	$130,500	$107	79
1732 Glenridge Rd	0.52mi	3/1.5	1,300 (+2%)	2mo	$238,500	$183	70
1930 Seneca Rd	0.47mi	3/2.0	1,290 (+1%)	6mo	$91,500	$71	68
1810 Glenridge Rd	0.54mi	3/1.5	1,200 (-6%)	1mo	$183,000	$153	61
20021 Green Oak Dr	0.47mi	3/2.5	1,355 (+6%)	2mo	$185,484	$137	61
1791 Forest Dr	0.42mi	3/2.5	1,386 (+8%)	1mo	$168,000	$121	60
2017 Natona Rd	0.74mi	3/2.0	1,296 (+1%)	3mo	$147,000	$113	57
1561 E 204th St	0.48mi	3/1.0	1,144 (-11%)	8mo	$115,000	$101	54
1861 Grand Blvd	0.48mi	3/2.0	1,175 (-8%)	8mo	$167,000	$142	53
20180 Hillcrest Dr	0.47mi	3/1.5	1,092 (-15%)	0mo	$122,500	$112	52
2150 Glenridge Dr	0.73mi	3/1.0	1,206 (-6%)	6mo	$125,000	$104	51
1500 Dille Rd	0.51mi	3/1.5	1,443 (+13%)	14mo	$122,000	$85	41

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: 5.4%
• Equity multiple: 1.21×
• Total profit: $6,768
• Equity at exit: $17,147

10-year hold

• IRR: 14.9%
• Equity multiple: 2.20×
• Total profit: $38,723
• Equity at exit: $9,943

Cash invested: $32,200 (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: 34
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,550 high
• Mortgage (P&I): −$603
• Tax from tax record: −$175 /mo · $2,106/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $398

Break-even live

Break-even rent $1,046

Max offer price $115,000

Occupancy floor 69%

Sensitivity live

Price	-10% $463	-5% $431	+0% $398	+5% $366	+10% $333
Rent	-10% $276	-5% $337	+0% $398	+5% $459	+10% $521
Rate	-1.0pp $456	-0.5pp $427	base $398	+0.5pp $368	+1.0pp $338

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19750 Euclid Ave Euclid, OH	1.0–3.0	1.0–1.5	840	$1,350	$1.61	17d	3	0.24mi
20051 Green Oak Dr Euclid, OH	3.0	1.5	1092	$1,550	$1.42	16d	1	0.50mi
25 Trenton Sq Unit T54 Cleveland, OH	3.0	2.0	1324	$1,500	$1.13	17d	1	0.83mi
22050 Chardon Rd Euclid, OH	3.0	1.5	1209	$1,500	$1.24	45d	1	1.01mi
1485 E 221st St Euclid, OH	3.0	2.0	1561	$1,500	$0.96	12d	1	1.23mi
1485 E 221st St Euclid, OH	3.0	2.0	1561	$1,500	$0.96	16d	1	1.23mi
22550 Euclid Ave Unit 207 Euclid, OH	2.0	1.0	888	$1,279	$1.44	45d	1	1.33mi
3802 Princeton Blvd Cleveland, OH	3.0	1.5	1656	$2,275	$1.37	3d	1	1.34mi
22680 Coulter Ave Unit 1 Euclid, OH	4.0	2.0	1428	$1,600	$1.12	22d	1	1.45mi

Listing history 4 events

1. 2026-05-11
   price $115,000 1729-char remark
2. 2026-05-11
   listed $155,000 Active 1729-char remark
3. 1988-10-14
   soldstatus $44,000
4. 1981-01-29
   soldstatus $38,500

ⓘ 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: $2,106 · $175/mo
• Projected year-2 tax: $2,106 · $175/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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,602
• − Mortgage interest: −$6,442
• − Property taxes: −$2,106
• − Insurance: −$575
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$3,345
• Taxable income: $3,158
• Est. tax owed @ 24.0%: −$758
• After-tax cash flow: $4,020/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

+198.7% since first listed

5 events — show timeline

• 2026-05-21 Pending — MLSNOW
• 2026-05-11 Price Changed $115,000 MLSNOW
• 2026-05-11 Listed $155,000 MLSNOW
• 1988-10-14 Sold (Public Records) $44,000 Public Records
• 1981-01-29 Sold (Public Records) $38,500 Public Records

Property tax history

+0.4%/yr

Latest (2025): $2,106 · -3.4% YoY. Source: county tax records.