421 Kenwood Dr Unit G · Euclid, OH 44123

$77,500

2 bd · 1.0 ba · 660 sqft · Condo public records · 181 Days on market

Built 1951 $117/sqft · 67% above area

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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 +17.6/30.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 421 Kenwood Dr! This inviting two-bedroom, one full bath condo is filled with natural light. The spacious living room flows seamlessly into the dining area, highlighted by large windows that create a bright and welcoming atmosphere. The kitchen features crisp white cabinetry with all appliances included for added convenience. Upstairs, you’ll find two comfortable bedrooms and a full bath. The lower level offers a laundry area and ample storage space. Ideally located near Sims Park and Wildwood Park, with easy access to restaurants, shopping, public transportation, and major freeways—just minutes from Downtown Cleveland.

Key facts

• Large windows
• Ample storage space
• Laundry area

Tags

• LARGE WINDOWS
• WHITE CABINETRY
• ALL APPLIANCES INCLUDED
• LAUNDRY AREA
• AMPLE STORAGE SPACE
• NEAR SIMS PARK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $78k.

Deal economics

• At list price, monthly cash flow is $61 ($729/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($982 rent vs $78k).
• Recommended offer: $68k (12.0% below list) — sets the bar for market timing.

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: Rents rising fast (+5.3%/yr); 96 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $536 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.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $35k; list at $78k implies a 121% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 20% of rent; built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $68,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 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 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 7.23%
• Cash-on-cash: 3.36%
• DSCR: 1.15
• GRM: 6.6

CMA / ARV

• ARV (median comp): $46,275
• List price: $77,500
• Delta: 67.48%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.28% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.71×
• Total profit: $-6,259
• Equity at exit: $11,556

10-year hold

• IRR: 5.5%
• Equity multiple: 1.46×
• Total profit: $9,950
• Equity at exit: $6,701

Cash invested: $21,700 (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 44123

• Home prices YoY: -25.0%
• Rents YoY: 5.3%
• Active inventory: 96
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $982 high
• Mortgage (P&I): −$406
• Tax from tax record: −$78 /mo · $930/yr
• Insurance: −$32
• HOA est. from 2 same-building comps: −$199
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $61

Break-even live

Break-even rent $905

Max offer price $77,500

Occupancy floor 89%

Sensitivity live

Price	-10% $105	-5% $83	+0% $61	+5% $39	+10% $17
Rent	-10% $-17	-5% $22	+0% $61	+5% $100	+10% $138
Rate	-1.0pp $100	-0.5pp $80	base $61	+0.5pp $41	+1.0pp $20

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: $19,375
• Closing costs: $2,325
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
415 E 222nd St Unit 461-23 Euclid, OH	2.0	1.0	700	$875	$1.25	45d	1	0.03mi
681 Babbitt Rd Euclid, OH	1.0	1.0	684	$1,000	$1.46	45d	1	0.54mi
20801 Crystal Ave Unit 1 Euclid, OH	1.0	1.0	600	$1,100	$1.83	8d	1	0.57mi
22705 Lakeshore Blvd Euclid, OH	1.0	1.0	605	$850	$1.40	3d	10	0.72mi
270 E 244th St Euclid, OH	1.0–2.0	1.0	702	$950	$1.35	22d	3	1.01mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$972	$1.14	3d	7	1.02mi
19351 Lakeshore Blvd Apt 8 Euclid, OH	1.0	1.0	500	$925	$1.85	45d	1	1.04mi
24453 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0–2.0	781	$1,040	$1.33	3d	10	1.11mi
19205 Pasnow Ave Euclid, OH	3.0	1.0	698	$1,575	$2.26	3d	1	1.23mi
24801 Lake Shore Blvd Euclid, OH	2.0	1.0	640	$1,075	$1.68	4d	8	1.33mi
4 Gateway Dr Euclid, OH	2.0	1.0–2.0	650	$1,150	$1.77	8d	5	1.46mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-21
   days on market $77,500 Active 181 DOM
2. 2026-06-18
   days on market $77,500 Active 178 DOM
3. 2026-06-17
   days on market $77,500 Active 177 DOM
4. 2026-06-13
   days on market $77,500 Active 176 DOM
5. 2026-06-09
   days on market $77,500 Active 172 DOM
6. 2026-06-08
   days on market $77,500 Active 171 DOM
7. 2026-06-07
   days on market $77,500 Active 170 DOM
8. 2026-06-05
   days on market $77,500 Active 167 DOM
9. 2026-06-03
   days on market $77,500 Active 166 DOM
10. 2026-06-02
    days on market $77,500 Active 165 DOM
11. 2026-06-01
    days on market $77,500 Active 164 DOM
12. 2026-05-31
    days on market $77,500 Active 163 DOM
13. 2025-12-17
    listed $77,500 Active 650-char remark

    Show marketing remark (650 chars)

    Welcome to 421 Kenwood Dr! This inviting two-bedroom, one full bath condo is filled with natural light. The spacious living room flows seamlessly into the dining area, highlighted by large windows that create a bright and welcoming atmosphere. The kitchen features crisp white cabinetry with all appliances included for added convenience. Upstairs, you’ll find two comfortable bedrooms and a full bath. The lower level offers a laundry area and ample storage space. Ideally located near Sims Park and Wildwood Park, with easy access to restaurants, shopping, public transportation, and major freeways—just minutes from Downtown Cleveland.

14. 2024-02-27
    status Pending 584-char remark

    Show marketing remark (584 chars)

    Welcome to 421 Kenwood Dr! This two-bedroom one full bath home is in move right in condition. The living room opens into the dining room area with big windows bringing in lots of natural light. Kitchen with white cabinets; appliances included. The second floor with two bedrooms and a full bath. Lower level with laundry and storage area. Great location close to Sims Park, Wildwood Park, restaurants, shopping, and public transportation, with easy freeway access and minutes to Downtown Cleveland. The home is sold as is with the buyer to assume City of Euclid POS violations if any.

15. 2024-02-27
    soldstatus $35,000

    Show marketing remark (584 chars)

    Welcome to 421 Kenwood Dr! This two-bedroom one full bath home is in move right in condition. The living room opens into the dining room area with big windows bringing in lots of natural light. Kitchen with white cabinets; appliances included. The second floor with two bedrooms and a full bath. Lower level with laundry and storage area. Great location close to Sims Park, Wildwood Park, restaurants, shopping, and public transportation, with easy freeway access and minutes to Downtown Cleveland. The home is sold as is with the buyer to assume City of Euclid POS violations if any.

16. 2024-02-26
    soldstatus $35,000 Closed 584-char remark

    Show marketing remark (584 chars)

    Welcome to 421 Kenwood Dr! This two-bedroom one full bath home is in move right in condition. The living room opens into the dining room area with big windows bringing in lots of natural light. Kitchen with white cabinets; appliances included. The second floor with two bedrooms and a full bath. Lower level with laundry and storage area. Great location close to Sims Park, Wildwood Park, restaurants, shopping, and public transportation, with easy freeway access and minutes to Downtown Cleveland. The home is sold as is with the buyer to assume City of Euclid POS violations if any.

17. 2024-02-04
    historical Contingent 584-char remark

    Show marketing remark (584 chars)

    Welcome to 421 Kenwood Dr! This two-bedroom one full bath home is in move right in condition. The living room opens into the dining room area with big windows bringing in lots of natural light. Kitchen with white cabinets; appliances included. The second floor with two bedrooms and a full bath. Lower level with laundry and storage area. Great location close to Sims Park, Wildwood Park, restaurants, shopping, and public transportation, with easy freeway access and minutes to Downtown Cleveland. The home is sold as is with the buyer to assume City of Euclid POS violations if any.

18. 2024-01-29
    price $36,000 584-char remark

    Show marketing remark (584 chars)

    Welcome to 421 Kenwood Dr! This two-bedroom one full bath home is in move right in condition. The living room opens into the dining room area with big windows bringing in lots of natural light. Kitchen with white cabinets; appliances included. The second floor with two bedrooms and a full bath. Lower level with laundry and storage area. Great location close to Sims Park, Wildwood Park, restaurants, shopping, and public transportation, with easy freeway access and minutes to Downtown Cleveland. The home is sold as is with the buyer to assume City of Euclid POS violations if any.

19. 2024-01-18
    price $39,000 584-char remark

    Show marketing remark (584 chars)

    Welcome to 421 Kenwood Dr! This two-bedroom one full bath home is in move right in condition. The living room opens into the dining room area with big windows bringing in lots of natural light. Kitchen with white cabinets; appliances included. The second floor with two bedrooms and a full bath. Lower level with laundry and storage area. Great location close to Sims Park, Wildwood Park, restaurants, shopping, and public transportation, with easy freeway access and minutes to Downtown Cleveland. The home is sold as is with the buyer to assume City of Euclid POS violations if any.

20. 2024-01-03
    listed $40,000 Active 584-char remark

    Show marketing remark (584 chars)

    Welcome to 421 Kenwood Dr! This two-bedroom one full bath home is in move right in condition. The living room opens into the dining room area with big windows bringing in lots of natural light. Kitchen with white cabinets; appliances included. The second floor with two bedrooms and a full bath. Lower level with laundry and storage area. Great location close to Sims Park, Wildwood Park, restaurants, shopping, and public transportation, with easy freeway access and minutes to Downtown Cleveland. The home is sold as is with the buyer to assume City of Euclid POS violations if any.

21. 1989-07-17
    soldstatus $31,500
22. 1979-03-16
    soldstatus $27,000

ⓘ 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: $930 · $78/mo
• Projected year-2 tax: $1,070 · $89/mo
• Expected delta: +$139/yr (+$12/mo · 15.0%)

ⓘ 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 ≥94°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: $11,787
• − Mortgage interest: −$4,341
• − Property taxes: −$930
• − Insurance: −$388
• − Repairs & maintenance: −$943
• − Management: −$943
• − HOA: −$2,388
• − Depreciation: −$2,255
• Taxable loss: −$400
• Est. tax savings @ 24.0%: +$96
• After-tax cash flow: $825/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): 18,050
• Household income: $55,676
• Rent vs Own: 54.6% rent · 45.4% own
• Severe rent burden: 1085.0

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: Majority Black (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Romanian 5%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Chinese 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: ▼ -62.82%
• Current HPI: 188.4932
• Rent YoY: ▲ 5.28%
• 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

+187.0% since first listed

10 events — show timeline

• 2025-12-17 Listed $77,500 MLSNOW
• 2024-02-27 Pending — MLSNOW
• 2024-02-27 Sold (Public Records) $35,000 Public Records
• 2024-02-26 Sold (MLS) $35,000 MLSNOW
• 2024-02-04 Contingent — MLSNOW
• 2024-01-29 Price Changed $36,000 MLSNOW
• 2024-01-18 Price Changed $39,000 MLSNOW
• 2024-01-03 Listed $40,000 MLSNOW
• 1989-07-17 Sold (Public Records) $31,500 Public Records
• 1979-03-16 Sold (Public Records) $27,000 Public Records

Property tax history

-1.5%/yr

Latest (2025): $930 · -1.3% YoY. Source: county tax records.