1877 Lawnway Rd · South Euclid, OH 44121

$184,900

3 bd · 1.5 ba · 1,369 sqft · SingleFamily public records · 25 Days on market

Built 1942 7,244 sqft lot $135/sqft · 18% below area Est $227k · 18% 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 +17.5/30.0
• ARV discount +15.0/15.0
• 1% rule +6.1/10.0
• DSCR +5.5/10.0
• Livability +4.4/5.0
• Rent growth +4.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming Colonial , located in a sought after neighborhood, has recently been updated in the last few months throughout the house and some nice new landscaping outside and a Brand New Roof installed December 2019! Wow! What buyer wouldn't want to have a brand new roof. .. Every room in the house have been painted August 2019. New light fixtures have also been installed throughout, along with numerous updates in the Kitchen - new countertops, backsplash and all appliances just installed December 2019! The photos of the kitchen were taken before these updates; new photos will be taken soon. . The 1st. floor includes a spacious Living Rm. w/ beautiful floors and open Dining area. You'll also appreciate the Bonus Rm. and first floor Bath. Upstairs includes 3 spacious Bedrooms w/ more beautiful Hardwood flooring in two, and newer flooring in the the 3rd. There is also a nice Full Bath. And, check out the Recreation Rm. on the lower level w/ newer flooring and plenty of overhead ligh

Key facts

• Nice-sized backyard
• Flexible layout
• 7,244 sq ft lot

Tags

• GENEROUSLY SIZED LIVING AREAS
• NICE-SIZED BACKYARD
• FLEXIBLE LAYOUT
• CONVENIENT ACCESS TO SHOPPING
• CONVENIENT ACCESS TO DINING
• CONVENIENT ACCESS TO PARKS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $182k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 5.9% in South Euclid — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 88/100 on livability (#22 in OH, #207 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+.
• South Euclid-Lyndhurst City (suburban): math 23% / reading 45% proficiency, ranked #556 of 656 in OH (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rowland Elementary School (math 27% / reading 32%, grade F, #1,158 of 1,584 statewide, top 75%, 434 students, 50% FRL); Memorial Junior High School (math 19% / reading 45%, grade F, #559 of 654 statewide, top 87%, 497 students, 51% FRL); Brush High School (math 32% / reading 47%, grade F, #528 of 781 statewide, top 71%, 1,041 students, 44% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents rising fast (+6.8%/yr); 150 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 32% of the median local income ($77k/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 $6k 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 + 6.8% rent growth), your $52k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 24y 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 $142k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $182,126 (1.5% below list)

Questions for the listing agent

1. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.11% ✓
• Cap rate: 7.22%
• Cash-on-cash: 3.33%
• DSCR: 1.15
• GRM: 7.5

CMA / ARV

• ARV (median comp): $226,681
• List price: $184,900
• Delta: -18.43%
• 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
1783 Maywood Rd	0.19mi	3/1.5	1,484 (+8%)	2mo	$212,000	$143	76
1762 Donwell Dr	0.36mi	3/2.0	1,332 (-3%)	3mo	$180,000	$135	74
1887 Lawnway Rd	0.02mi	2/2.0 (-1)	1,573 (+15%)	1mo	$165,000	$105	67
1732 Maywood Rd	0.28mi	3/1.5	1,574 (+15%)	3mo	$235,000	$149	59
1567 S Belvoir Blvd	0.73mi	3/1.5	1,314 (-4%)	1mo	$235,000	$179	59
4241 Bexley Blvd	0.67mi	4/2.0 (+1)	1,416 (+3%)	1mo	$164,900	$116	55
4206 Verona Rd	0.67mi	3/1.5	1,257 (-8%)	5mo	$164,900	$131	51
4186 Lambert Rd	0.73mi	3/1.0	1,250 (-9%)	0mo	$201,000	$161	49
4198 Wyncote Rd	0.71mi	3/2.0	1,502 (+10%)	1mo	$210,000	$140	48
1503 Sheridan Rd	0.73mi	3/1.5	1,510 (+10%)	1mo	$237,500	$157	48
4201 Lambert Rd	0.71mi	3/2.0	1,219 (-11%)	1mo	$195,000	$160	46
4189 Ellison Rd	0.71mi	3/2.0	1,178 (-14%)	1mo	$211,000	$179	40

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 · 6.85% rent growth · sell at horizon

5-year hold

• IRR: -6.2%
• Equity multiple: 0.76×
• Total profit: $-12,423
• Equity at exit: $27,569

10-year hold

• IRR: 8.1%
• Equity multiple: 1.74×
• Total profit: $38,189
• Equity at exit: $15,987

Cash invested: $51,772 (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 44121

• Rents YoY: 6.8%
• Active inventory: 150
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,048 high
• Mortgage (P&I): −$970
• Tax from tax record: −$428 /mo · $5,136/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $144

Break-even live

Break-even rent $1,867

Max offer price $184,900

Occupancy floor 88%

Sensitivity live

Price	-10% $248	-5% $196	+0% $144	+5% $91	+10% $39
Rent	-10% $-18	-5% $63	+0% $144	+5% $224	+10% $305
Rate	-1.0pp $237	-0.5pp $191	base $144	+0.5pp $96	+1.0pp $47

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4241 Bayard Rd Cleveland, OH	3.0	2.0	1350	$1,995	$1.48	25d	1	0.59mi
2231 S Green Rd Unit 2 Cleveland, OH	2.0	1.0	1500	$1,800	$1.20	3d	1	0.69mi
24111 Edgehill Dr Beachwood, OH	4.0	2.5	1735	$2,750	$1.59	9d	1	0.73mi
4165 Harwood Rd Cleveland, OH	4.0	2.0	1608	$1,950	$1.21	45d	1	0.75mi
2200 Milton Rd University Heights, OH	1.0–2.0	1.0–2.0	852	$2,240	$2.63	3d	19	0.75mi
4166 Ellison Rd Cleveland, OH	3.0	2.0	1131	$1,695	$1.50	4d	1	0.76mi
4470 Silsby Rd Cleveland, OH	3.0	1.5	1654	$2,400	$1.45	3d	1	0.82mi
24113 E Silsby Rd Beachwood, OH	4.0	2.5	1650	$2,700	$1.64	3d	1	0.83mi
4350 Silsby Rd Cleveland, OH	3.0	2.5	1366	$2,600	$1.90	3d	1	0.89mi
1599 Felton Rd Cleveland, OH	3.0	1.5	1248	$1,650	$1.32	45d	1	0.94mi
4070 Wyncote Rd Cleveland, OH	3.0	2.0	1233	$1,749	$1.42	4d	1	0.94mi
4055 Verona Rd Unit 1496083P South Euclid, OH	3.0	3.0	1065	$5,069	$4.76	16d	1	0.95mi
1344 S Green Rd Cleveland, OH	3.0	1.0	1076	$1,150	$1.07	18d	1	1.01mi
4023 Okalona Rd Cleveland, OH	3.0	1.5	1400	$2,500	$1.79	46d	1	1.09mi
1462 Felton Rd Cleveland, OH	3.0	1.0	1222	$1,500	$1.23	18d	1	1.13mi
1420 Villa Dr Cleveland, OH	3.0	2.0	1600	$1,550	$0.97	45d	1	1.13mi
1405 Villa Dr Cleveland, OH	4.0	1.5	1480	$1,790	$1.21	18d	1	1.13mi
4049 Bushnell Rd Cleveland, OH	3.0	1.5	1552	$2,100	$1.35	3d	1	1.17mi
1478 Sherbrook Rd Cleveland, OH	3.0	1.0	1170	$1,195	$1.02	45d	1	1.21mi
3911 Warrendale Rd Cleveland, OH	4.0	2.0	1381	$1,830	$1.33	3d	1	1.25mi
3895 Colony Rd Cleveland, OH	3.0	2.0	1800	$1,700	$0.94	18d	1	1.29mi
3855 Grosvenor Rd Unit 1496039P South Euclid, OH	2.0	1.0	1388	$3,823	$2.75	4d	1	1.34mi
3830 Berkeley Rd Cleveland, OH	3.0	1.5	1318	$1,800	$1.37	25d	1	1.36mi
1497 S Noble Rd Cleveland, OH	4.0	1.0	1250	$2,650	$2.12	3d	1	1.38mi
2371 Warrensville Center Rd University Heights, OH	3.0	1.5	1380	$1,850	$1.34	6d	1	1.41mi
2381 Warrensville Center Rd Unit UP University Heights, OH	2.0	1.0	1200	$1,400	$1.17	25d	1	1.42mi
3829 Washington Blvd University Heights, OH	3.0	1.0	1577	$2,250	$1.43	18d	1	1.49mi
26101 Village Ln #107 Beachwood, OH	2.0	2.0	1276	$2,500	$1.96	3d	1	1.50mi

Listing history 33 events

1. 2026-06-09
   days on market $184,900 Active 25 DOM
2. 2026-06-08
   days on market $184,900 Active 24 DOM
3. 2026-06-07
   days on market $184,900 Active 23 DOM
4. 2026-06-05
   days on market $184,900 Active 20 DOM
5. 2026-06-03
   days on market $184,900 Active 19 DOM
6. 2026-06-02
   days on market $184,900 Active 18 DOM
7. 2026-06-01
   days on market $184,900 Active 17 DOM
8. 2026-05-31
   days on market $184,900 Active 16 DOM
9. 2026-05-15
   listed $189,900 Active 809-char remark
10. 2020-03-24
    soldstatus $142,500
11. 2020-03-20
    soldstatus $142,500 Closed 1001-char remark

    Show marketing remark (1001 chars)

    This charming Colonial , located in a sought after neighborhood, has recently been updated in the last few months throughout the house and some nice new landscaping outside and a Brand New Roof installed December 2019! Wow! What buyer wouldn't want to have a brand new roof. .. Every room in the house have been painted August 2019. New light fixtures have also been installed throughout, along with numerous updates in the Kitchen - new countertops, backsplash and all appliances just installed December 2019! The photos of the kitchen were taken before these updates; new photos will be taken soon. . The 1st. floor includes a spacious Living Rm. w/ beautiful floors and open Dining area. You'll also appreciate the Bonus Rm. and first floor Bath. Upstairs includes 3 spacious Bedrooms w/ more beautiful Hardwood flooring in two, and newer flooring in the the 3rd. There is also a nice Full Bath. And, check out the Recreation Rm. on the lower level w/ newer flooring and plenty of overhead ligh

12. 2020-02-11
    status Pending 1001-char remark

    Show marketing remark (1001 chars)

    This charming Colonial , located in a sought after neighborhood, has recently been updated in the last few months throughout the house and some nice new landscaping outside and a Brand New Roof installed December 2019! Wow! What buyer wouldn't want to have a brand new roof. .. Every room in the house have been painted August 2019. New light fixtures have also been installed throughout, along with numerous updates in the Kitchen - new countertops, backsplash and all appliances just installed December 2019! The photos of the kitchen were taken before these updates; new photos will be taken soon. . The 1st. floor includes a spacious Living Rm. w/ beautiful floors and open Dining area. You'll also appreciate the Bonus Rm. and first floor Bath. Upstairs includes 3 spacious Bedrooms w/ more beautiful Hardwood flooring in two, and newer flooring in the the 3rd. There is also a nice Full Bath. And, check out the Recreation Rm. on the lower level w/ newer flooring and plenty of overhead ligh

13. 2019-11-04
    price $142,500 1001-char remark

    Show marketing remark (1001 chars)

    This charming Colonial , located in a sought after neighborhood, has recently been updated in the last few months throughout the house and some nice new landscaping outside and a Brand New Roof installed December 2019! Wow! What buyer wouldn't want to have a brand new roof. .. Every room in the house have been painted August 2019. New light fixtures have also been installed throughout, along with numerous updates in the Kitchen - new countertops, backsplash and all appliances just installed December 2019! The photos of the kitchen were taken before these updates; new photos will be taken soon. . The 1st. floor includes a spacious Living Rm. w/ beautiful floors and open Dining area. You'll also appreciate the Bonus Rm. and first floor Bath. Upstairs includes 3 spacious Bedrooms w/ more beautiful Hardwood flooring in two, and newer flooring in the the 3rd. There is also a nice Full Bath. And, check out the Recreation Rm. on the lower level w/ newer flooring and plenty of overhead ligh

14. 2019-09-26
    listed $149,000 Active 1001-char remark

    Show marketing remark (1001 chars)

    This charming Colonial , located in a sought after neighborhood, has recently been updated in the last few months throughout the house and some nice new landscaping outside and a Brand New Roof installed December 2019! Wow! What buyer wouldn't want to have a brand new roof. .. Every room in the house have been painted August 2019. New light fixtures have also been installed throughout, along with numerous updates in the Kitchen - new countertops, backsplash and all appliances just installed December 2019! The photos of the kitchen were taken before these updates; new photos will be taken soon. . The 1st. floor includes a spacious Living Rm. w/ beautiful floors and open Dining area. You'll also appreciate the Bonus Rm. and first floor Bath. Upstairs includes 3 spacious Bedrooms w/ more beautiful Hardwood flooring in two, and newer flooring in the the 3rd. There is also a nice Full Bath. And, check out the Recreation Rm. on the lower level w/ newer flooring and plenty of overhead ligh

15. 2019-09-09
    historical
16. 2019-03-01
    listed $117,000 Active
17. 2017-08-23
    soldstatus $117,400 Sold
18. 2017-08-23
    soldstatus $117,400
19. 2017-07-22
    status Pending
20. 2017-07-08
    historical Contingent
21. 2017-06-30
    listed $119,900 Active
22. 2010-12-03
    soldstatus $103,000
23. 2008-08-15
    soldstatus $90,000
24. 2008-07-30
    historical
25. 2007-12-16
    listed $129,900
26. 2006-04-10
    historical
27. 2006-01-10
    listed $165,000
28. 2005-12-31
    historical
29. 2005-08-26
    listed $158,000
30. 2002-05-31
    soldstatus $131,000
31. 2002-05-24
    soldstatus $131,000
32. 2002-05-20
    historical
33. 2002-02-20
    listed $132,500

ⓘ 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: $5,136 · $428/mo
• Projected year-2 tax: $5,136 · $428/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 2/10 Low 7 d/yr ≥96°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,581
• − Mortgage interest: −$10,357
• − Property taxes: −$5,136
• − Insurance: −$924
• − Repairs & maintenance: −$1,967
• − Management: −$1,967
• − Depreciation: −$5,379
• Taxable loss: −$1,149
• Est. tax savings @ 24.0%: +$276
• After-tax cash flow: $1,999/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: South Euclid-Lyndhurst City
• NCES district ID: 3904479
• Math proficiency: 23% ▼ -22.00%
• Reading proficiency: 45% ▼ -11.00%
• Median HH income: $61,244
• Composite: 30.51/100
• National rank: #6212
• State rank: #556 of 656 in OH

Livability — South Euclid

• Score: 88/100
• State rank: #22
• US rank: #207

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Euclid, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 32,668
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 32,312
• Household income: $76,767
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 672.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 55% White 36% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Italian 2% Scotch-Irish 2%
• Foreign-born: 5% · Canada, China, India
• Languages at home: 92% English-only · Spanish 2% Chinese 1% Other Indo-European 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: ▼ -180.15%
• Current HPI: 173.7405
• Rent YoY: ▲ 6.85%
• 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

+39.5% since first listed

27 events — show timeline

• 2026-06-09 Listing Removed — MLSNOW
• 2026-05-29 Price Changed $184,900 MLSNOW
• 2026-05-15 Listed $189,900 MLSNOW
• 2020-03-24 Sold (Public Records) $142,500 Public Records
• 2020-03-20 Sold (MLS) $142,500 MLSNOW
• 2020-02-11 Pending — MLSNOW
• 2019-11-04 Price Changed $142,500 MLSNOW
• 2019-09-26 Listed $149,000 MLSNOW
• 2019-09-09 Listing Removed — MLSNOW
• 2019-03-01 Listed $117,000 MLSNOW
• 2017-08-23 Sold (Public Records) $117,400 Public Records
• 2017-08-23 Sold (MLS) $117,400 MLSNOW
• 2017-07-22 Pending — MLSNOW
• 2017-07-08 Contingent — MLSNOW
• 2017-06-30 Listed $119,900 MLSNOW
• 2010-12-03 Sold (Public Records) $103,000 Public Records
• 2008-08-15 Sold (Public Records) $90,000 Public Records
• 2008-07-30 Listing Removed — MLSNOW
• 2007-12-16 Listed $129,900 MLSNOW
• 2006-04-10 Listing Removed — MLSNOW
• 2006-01-10 Listed $165,000 MLSNOW
• 2005-12-31 Listing Removed — MLSNOW
• 2005-08-26 Listed $158,000 MLSNOW
• 2002-05-31 Sold (MLS) $131,000 MLSNOW
• 2002-05-24 Sold (Public Records) $131,000 Public Records
• 2002-05-20 Listing Removed — MLSNOW
• 2002-02-20 Listed $132,500 MLSNOW

Property tax history

+3.4%/yr

Latest (2025): $5,136 · +10.3% YoY. Source: county tax records.