7679 Creekwood Dr · North Royalton, OH 44133

$155,000

2 bd · 1.5 ba · 1,437 sqft · Condo · 4 Days on market

Built 1990 Fair condition $108/sqft · 17% below area Est $187k · 17% under $269/mo HOA · 15% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +14.8/30.0
• Schools +6.7/10.0
• 1% rule +6.3/10.0
• DSCR +4.5/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity in Chaunticlair Condominiums! Located on a quiet cul-de-sac with private treed views, this 2-bedroom condo offers a spacious layout with a large living room, dining room, kitchen and powder room with deck access just off the living room. Both upstairs bedrooms are generously sized with walk-in closets, and there is the added convenience of first-floor laundry. The property needs updating but is priced to reflect the potential, making it a great option for buyers looking to add their own style and value. One-car garage, low monthly fees, and access to a community room. Major exterior updates have already been completed, including roof, gutters, and skylight, along with a newer wa

Key facts

• Deck access
• Walk-in closets
• Newer water heater

Tags

• PRIVATE TREED VIEWS
• DECK ACCESS
• WALK-IN CLOSETS
• FIRST-FLOOR LAUNDRY
• MAJOR EXTERIOR UPDATES
• NEWER WATER HEATER

Property features AI

Finance

• Financial info: Pets allowed
• HOA & community: Monthly association fee of $269; HOA covers association management, grounds and structure maintenance, recreation facilities, snow removal, and trash; Community clubhouse

Exterior

• Parking: 1-car garage; Driveway; Garage with door opener; Guest parking available
• Utilities: Public water; Public sewer
• Home design: Attached property; 2 stories; Entry level is 1
• Construction: Vinyl siding; Asphalt shingle roof; Built (year per public records)
• Exterior features: Deck; Front porch; Wooded lot

Interior

• Kitchen: Ceramic tile flooring; Dishwasher; Range; Refrigerator
• Bedrooms: Bedroom on second level (carpet flooring, approx. 16.2 x 13.1); Bedroom on second level (carpet flooring, approx. 19.4 x 13.1)
• Flooring: Carpet in living areas and bedrooms; Ceramic tile in kitchen and dining room; Linoleum in laundry
• Bathrooms: 1 full bathroom; 1 half bathroom; 1 main-level bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Entrance foyer; Walk-in closet(s)
• Laundry & utility: Main-level laundry in unit (linoleum flooring, approx. 9.0 x 6.9)

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $155k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $44 ($526/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Cap rate 6.6% vs local median 2.6% in North Royalton — 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 (#199 in OH, #3,064 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F.
• North Royalton City (suburban): math 74% / reading 81% proficiency, ranked #60 of 656 in OH (top 9%) — strong family-tenant draw, lease renewals of 3-5y typical; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: 151 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $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.

Recommended offer $155,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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?
6. 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.
7. 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.
8. 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: 1.13% ✓
• Cap rate: 6.63%
• Cash-on-cash: 1.21%
• DSCR: 1.05
• GRM: 7.4

CMA / ARV

• ARV (median comp): $187,068
• List price: $155,000
• Delta: -17.14%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -14.2%
• Equity multiple: 0.49×
• Total profit: $-22,133
• Equity at exit: $23,111

10-year hold

• IRR: -5.2%
• Equity multiple: 0.66×
• Total profit: $-14,900
• Equity at exit: $13,402

Cash invested: $43,400 (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 44133

• Active inventory: 151
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,752 high
• Mortgage (P&I): −$813
• Tax est. 1.5%: −$194 /mo · $2,325/yr
• Insurance: −$65
• HOA: −$269
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $44

Break-even live

Break-even rent $1,696

Max offer price $155,000

Occupancy floor 92%

Sensitivity live

Price	-10% $151	-5% $97	+0% $44	+5% $-10	+10% $-63
Rent	-10% $-95	-5% $-25	+0% $44	+5% $113	+10% $182
Rate	-1.0pp $122	-0.5pp $83	base $44	+0.5pp $4	+1.0pp $-37

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7475 Glenmont Dr North Royalton, OH	1.0–2.0	1.0–2.0	860	$1,647	$1.91	2d	29	0.23mi
8290 Royalton Rd North Royalton, OH	1.0–2.0	1.0–2.0	894	$1,882	$2.11	2d	20	0.30mi
9185 Traditions Way North Royalton, OH	1.0–2.0	1.0–2.0	1029	$2,045	$1.99	2d	4	0.53mi
14010 Pine Forest Dr North Royalton, OH	1.0–2.0	1.0	840	$1,309	$1.56	2d	16	0.86mi
5301 Royalwood Rd North Royalton, OH	2.0	1.0	900	$1,242	$1.38	2d	2	1.17mi
10800 State Rd North Royalton, OH	3.0	2.0	1200	$2,095	$1.75	21d	1	1.48mi

HOA detail condo

• Monthly dues: $269 · $3,228/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 2 events

1. 2026-05-09
   status Pending 771-char remark
2. 2026-05-05
   listed $155,000 Active 771-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $21,023
• − Mortgage interest: −$8,682
• − Property taxes: −$2,325
• − Insurance: −$775
• − Repairs & maintenance: −$1,682
• − Management: −$1,682
• − HOA: −$3,228
• − Depreciation: −$4,509
• Taxable loss: −$1,860
• Est. tax savings @ 24.0%: +$446
• After-tax cash flow: $972/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.

Condition & rehab AI · 28 photos

Fair 45/100 Moderate rehab

This townhouse requires moderate updates to its kitchen, bathrooms, and flooring, but has a good roof and siding. The property is located on a quiet cul-de-sac with private treed views, making it a great option for buyers looking to add their own style and value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate bathroom fixtures — outdated and in need of replacement
• Moderate flooring — carpeted floors in living areas need updating

Value-add opportunities

• Resale paint interior walls — fresh paint can make a significant difference in curb appeal
• Resale replace kitchen cabinets — new cabinets can significantly improve the kitchen's appearance and functionality
• Resale replace bathroom fixtures — new fixtures can make a big impact on the bathroom's appearance and functionality
• Resale update flooring — new flooring can make a big impact on the living areas' appearance and functionality

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · outdated and in need of replacement	Moderate	$3,000–15,000
flooring · carpeted floors in living areas need updating	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Resale paint interior walls — fresh paint can make a significant difference in curb appeal ↑
• Resale replace kitchen cabinets — new cabinets can significantly improve the kitchen's appearance and functionality ↑
• Resale replace bathroom fixtures — new fixtures can make a big impact on the bathroom's appearance and functionality ↑
• Resale update flooring — new flooring can make a big impact on the living areas' appearance and functionality ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: North Royalton City
• NCES district ID: 3904454
• Math proficiency: 74% ▼ -11.00%
• Reading proficiency: 81% ▼ -4.00%
• Median HH income: $69,090
• Composite: 67.39/100
• National rank: #381
• State rank: #60 of 656 in OH

Livability — North Royalton

• Score: 77/100
• State rank: #199
• US rank: #3064

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Royalton, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 31,018
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 31,018
• Household income: $83,717
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 406.0

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 (87%)
• Race & ethnicity: White 87% Two or more races 5% Asian 5% Hispanic / Latino 4% Black 1%
• Common ancestry: Romanian 12% Subsaharan African 6% Lithuanian 2%
• Foreign-born: 12% · Canada
• Languages at home: 83% English-only · Russian/Polish/Slavic 7% Other Indo-European 3% Spanish 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: ▼ -151.75%
• Current HPI: 199.4398
• 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

2 events — show timeline

• 2026-05-09 Pending — MLSNOW
• 2026-05-05 Listed $155,000 MLSNOW