7317 Parma Park Blvd · Parma, OH 44130

$165,000

3 bd · 1.5 ba · 1,320 sqft · SingleFamily public records · 4 Days on market

Built 1947 10,101 sqft lot $125/sqft · 24% below area Est $217k · 24% 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 +21.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +5.9/10.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits in this charming 3-bedroom, 1.5-bath Colonial located in a prime Parma location! Full of character and potential, this home offers the perfect chance to bring your vision and make it shine once again. Step inside to a cozy living room that flows into a formal dining area featuring a sliding glass door leading to the backyard patio — ideal for indoor-outdoor entertaining. The spacious, fully fenced backyard overlooks a peaceful shaded green space, creating a private setting perfect for relaxing, gardening, pets, or summer gatherings. The kitchen offers great space and endless possibilities to redesign and restore it into the heart of the home. Main-floor laundry, a c

Key facts

• Bonus storage room
• Backyard patio
• Formal dining area

Tags

• FORMAL DINING AREA
• BACKYARD PATIO
• FULLY FENCED BACKYARD
• SHADED GREEN SPACE
• MAIN-FLOOR LAUNDRY
• BONUS STORAGE ROOM

Property features AI

Finance

• Financial info: Annual property tax listed (not included per instructions)

Exterior

• Parking: Driveway (no garage)
• Utilities: Public water; Public sewer
• Home design: 2-story house; Above-grade finished living area approximately 1,320 (public records)
• Construction: Aluminum siding; Asphalt/fiberglass roof; Year built per public records
• Exterior features: Full fenced yard

Interior

• Kitchen: Range; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom; One main-level bathroom
• Heating & cooling: Forced air heating; Ceiling fan(s) for cooling
• Interior features: Ceiling fan(s)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $261 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Cap rate 8.2% vs local median 5.0% in Parma — 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 82/100 on livability (#84 in OH, #1,232 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: employment C-, commute F.
• Parma City (suburban): math 43% / reading 52% proficiency, ranked #469 of 656 in OH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.7%/yr); 151 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 31% of the median local income ($70k/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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $165,000

Questions for the listing agent

1. Built in 1947 — 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. 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?
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: 1.09% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.78%
• DSCR: 1.30
• GRM: 7.6

CMA / ARV

• ARV (median comp): $217,392
• List price: $165,000
• Delta: -24.10%
• 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
7317 Parma Park Blvd	0.00mi	3/1.5	1,320 (0%)	0mo	$175,000	$133	100
7377 Greenleaf Ave	0.15mi	3/2.0	1,260 (-4%)	2mo	$285,000	$226	82
7198 Greenleaf Ave	0.26mi	3/2.0	1,357 (+3%)	4mo	$161,000	$119	78
7504 Skylark Dr	0.42mi	3/2.0	1,284 (-3%)	1mo	$261,000	$203	73
7295 Oakwood Rd	0.23mi	3/1.5	1,176 (-11%)	1mo	$276,000	$235	70
7334 Greenleaf Ave	0.13mi	3/1.5	1,484 (+12%)	4mo	$294,000	$198	70
11907 Glamer Dr	0.43mi	3/2.0	1,353 (+2%)	5mo	$252,000	$186	70
7311 Beresford Ave	0.16mi	3/2.0	1,130 (-14%)	1mo	$270,000	$239	66
6883 Orchard Blvd	0.73mi	3/2.0	1,336 (+1%)	3mo	$207,000	$155	59
6932 Greenleaf Ave	0.63mi	3/2.0	1,236 (-6%)	1mo	$245,000	$198	57
7588 Sleepy Hollow Dr	0.46mi	3/2.0	1,133 (-14%)	5mo	$220,000	$194	49
6954 Orchard Blvd	0.59mi	3/3.0	1,192 (-10%)	3mo	$216,000	$181	47

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 · 2.69% rent growth · sell at horizon

5-year hold

• IRR: -6.2%
• Equity multiple: 0.77×
• Total profit: $-10,624
• Equity at exit: $24,602

10-year hold

• IRR: 3.1%
• Equity multiple: 1.22×
• Total profit: $10,047
• Equity at exit: $14,266

Cash invested: $46,200 (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 44130

• Rents YoY: 2.7%
• Active inventory: 151
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,800 high
• Mortgage (P&I): −$865
• Tax from tax record: −$227 /mo · $2,726/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $261

Break-even live

Break-even rent $1,470

Max offer price $165,000

Occupancy floor 80%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7046 Greenleaf Ave Cleveland, OH	3.0	1.0	1200	$1,950	$1.62	43d	1	0.44mi
7072 Oakwood Rd Cleveland, OH	3.0	1.0	1053	$1,800	$1.71	1d	1	0.45mi
7048 Oakwood Rd Cleveland, OH	3.0	1.0	1053	$1,900	$1.80	10d	1	0.49mi
6987 Greenleaf Ave Cleveland, OH	4.0	1.0	1250	$2,100	$1.68	1d	1	0.54mi
7085 W 130th St Cleveland, OH	2.0	2.0	1150	$1,440	$1.25	1d	7	0.62mi
6771 Greenleaf Ave Unit 1496046P Parma Heights, OH	3.0	2.0	1323	$4,874	$3.68	1d	1	0.95mi
6558 Lawnwood Ave Cleveland, OH	3.0	2.0	1331	$2,100	$1.58	1d	1	1.41mi
6536 Lawnwood Ave Unit 1496105P Parma Heights, OH	3.0	2.0	1087	$6,186	$5.69	1d	1	1.45mi
6500 Beverly Dr Cleveland, OH	3.0	1.5	1341	$2,300	$1.72	23d	1	1.46mi

Listing history 2 events

1. 2026-05-18
   status Pending 1286-char remark
2. 2026-05-14
   listed $165,000 Active 1286-char remark

ⓘ 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: $2,726 · $227/mo
• Projected year-2 tax: $2,726 · $227/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 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,606
• − Mortgage interest: −$9,243
• − Property taxes: −$2,726
• − Insurance: −$825
• − Repairs & maintenance: −$1,728
• − Management: −$1,728
• − Depreciation: −$4,800
• Taxable income: $555
• Est. tax owed @ 24.0%: −$133
• After-tax cash flow: $3,001/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: Parma City
• NCES district ID: 3904463
• Math proficiency: 43% ▼ -18.00%
• Reading proficiency: 52% ▼ -10.00%
• Median HH income: $50,371
• Composite: 40.72/100
• National rank: #3662
• State rank: #469 of 656 in OH

Livability — Parma

• Score: 82/100
• State rank: #84
• US rank: #1232

Category grades

Amenities A+ 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: Parma, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 66,574
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 49,679
• Household income: $69,655
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 1758.0

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 (78%)
• Race & ethnicity: White 78% Black 8% Hispanic / Latino 6% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 13% Lithuanian 2% Subsaharan African 2%
• Foreign-born: 10% · Canada, India
• Languages at home: 85% English-only · Other Indo-European 5% Spanish 3% Russian/Polish/Slavic 2%

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: ▼ -231.10%
• Current HPI: 188.8415
• Rent YoY: ▲ 2.69%
• 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

+6.1% since first listed

3 events — show timeline

• 2026-06-05 Sold (MLS) $175,000 MLSNOW
• 2026-05-18 Pending — MLSNOW
• 2026-05-14 Listed $165,000 MLSNOW

Property tax history

+3.8%/yr

Latest (2025): $2,726 · -5.7% YoY. Source: county tax records.