1114 Homestead Rd · South Euclid, OH 44121

$194,900

3 bd · 1.0 ba · 1,204 sqft · SingleFamily public records · 32 Days on market

Built 1960 4,800 sqft lot Est $170k · 15% over

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Why this score? — see what drove the F 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 +11.7/30.0
• Livability +4.4/5.0
• Rent growth +4.2/5.0
• 1% rule +3.8/10.0
• DSCR +3.4/10.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• ARV discount +0.8/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious Brick Ranch on Quiet Street in South Euclid! * * * Check Out the 360 Degree Panoramic Virtual Tour * * * One Floor Living! Large Family Room with Dining Area! Eat In Kitchen with Loads of Cabinets! Three Generously Sized Bedrooms with Hardwood Floors! Full Bath on First Floor! Lower Level Rec Room with Additional Full Bath! Tons of Storage! Updated Electrical, HVAC, Glass Block, and Windows! Home Warranty Included! Close to Shops and Parks! Call to Schedule Private Showing Today!

Key facts

• Dog park
• Quarry park north
• Splash pad

Tags

• BRICK RANCH
• BLUESTONE NEIGHBORHOOD
• WALK TO SCHOOL
• QUARRY PARK NORTH
• SPLASH PAD
• DOG PARK

Property features AI

Exterior

• Parking: Detached garage (2-car); Driveway with concrete surface; Garage faces front and has garage door opener; On-site parking
• Utilities: Public water; Public sewer
• Home design: Single-story layout; Updated/remodeled condition; Brick, vinyl siding and wood siding exterior; Pitched shingle roof
• Construction: Built using brick, vinyl siding, and wood siding
• Exterior features: Patio; Back yard fencing

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Refrigerator; Eat-in kitchen
• Bedrooms: Three main-level bedrooms
• Flooring: Hardwood flooring in several main-level rooms; Laminate flooring in living room and basement areas
• Bathrooms: Two full bathrooms (one on main level, one on lower level)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fan(s); Eat-in kitchen; Bar; Finished full basement
• Laundry & utility: Washer and dryer; Laundry room located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-56 ($-676/yr) — negative.
• To cash-flow at today's rent, offer at most $185k (5.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $171k (12.4% below list).
• Recommended offer: $171k (12.4% below list) — sets the bar for 1% rule.

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.
• Market conditions: Rents rising fast (+6.8%/yr); 148 active listings in the ZIP; 23 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).

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.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 35y 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 $120k; list at $195k implies a 62% gain — meaningful room to come down on a strong offer.

Recommended offer $170,719 (12.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.88% ✗
• Cap rate: 5.95%
• Cash-on-cash: -1.24%
• DSCR: 0.94
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $169,764
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1114 Homestead Rd	0.00mi	3/2.0	1,204 (0%)	1mo	$211,000	$175	95
4365 Adrian Rd	0.21mi	3/2.0	1,204 (0%)	2mo	$136,200	$113	84
4410 Lucille Ave	0.33mi	3/1.0	1,175 (-2%)	1mo	$169,000	$144	80
1073 Argonne Rd	0.18mi	3/1.0	1,088 (-10%)	1mo	$185,000	$170	75
4322 Tamalga Dr	0.29mi	2/1.5 (-1)	1,236 (+3%)	1mo	$190,000	$154	74
1183 Argonne Rd	0.21mi	3/1.0	1,308 (+9%)	3mo	$140,000	$107	73
1362 Villa Dr	0.50mi	3/2.0	1,225 (+2%)	0mo	$150,000	$122	69
1376 Avondale Rd	0.55mi	3/1.0	1,288 (+7%)	3mo	$145,000	$113	60
1272 Winston Rd	0.43mi	3/2.5	1,303 (+8%)	1mo	$211,100	$162	60
1090 Hillstone Rd	0.56mi	4/1.5 (+1)	1,309 (+9%)	2mo	$185,000	$141	50
1375 Winston	0.58mi	3/1.5	1,364 (+13%)	2mo	$109,600	$80	47
4037 Monticello Blvd	0.57mi	4/3.0 (+1)	1,361 (+13%)	2mo	$170,000	$125	37

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: -13.9%
• Equity multiple: 0.48×
• Total profit: $-28,240
• Equity at exit: $29,060

10-year hold

• IRR: 0.3%
• Equity multiple: 1.03×
• Total profit: $1,554
• Equity at exit: $16,851

Cash invested: $54,572 (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: 148
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,707 high
• Mortgage (P&I): −$1,022
• Tax from tax record: −$302 /mo · $3,621/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $-56

Break-even live

Break-even rent $1,779

Max offer price $184,948

Occupancy floor 98%

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1344 S Green Rd Cleveland, OH	3.0	1.0	1076	$1,150	$1.07	16d	1	0.59mi
1405 Villa Dr Cleveland, OH	4.0	1.5	1480	$1,790	$1.21	16d	1	0.59mi
1462 Felton Rd Cleveland, OH	3.0	1.0	1222	$1,500	$1.23	16d	1	0.73mi
2657 Noble Rd Cleveland, OH	2.0	1.0	850	$975	$1.15	19d	1	0.73mi
2868 Noble Rd Cleveland, OH	3.0	1.5	1200	$1,250	$1.04	23d	1	0.76mi
2868 Noble Rd Unit 16 Cleveland Heights, OH	3.0	1.5	1200	$1,750	$1.46	1d	1	0.77mi
1478 Sherbrook Rd Cleveland, OH	3.0	1.0	1170	$1,195	$1.02	43d	1	0.81mi
3810 Parkdale Rd Cleveland, OH	3.0	1.5	1281	$2,067	$1.61	2d	1	0.94mi
303 S Green Rd Cleveland, OH	4.0	2.0	1381	$1,700	$1.23	1d	1	0.95mi
1497 S Noble Rd Cleveland, OH	4.0	1.0	1250	$2,650	$2.12	1d	1	0.96mi
1599 Felton Rd Cleveland, OH	3.0	1.5	1248	$1,650	$1.32	43d	1	0.97mi
2481 Noble Rd Cleveland, OH	1.0–2.0	1.0	785	$950	$1.21	16d	5	1.02mi
1462 Parkhill Rd Cleveland, OH	4.0	1.0	1451	$1,950	$1.34	1d	1	1.08mi
3755 Mayfield Rd Cleveland Heights, OH	1.0–2.0	1.0	800	$1,175	$1.47	23d	1	1.10mi
994 Yellowstone Rd Cleveland, OH	3.0	2.0	1475	$1,395	$0.95	1d	1	1.22mi
4166 Ellison Rd Cleveland, OH	3.0	2.0	1131	$1,695	$1.50	2d	1	1.25mi
1584 Maple Rd Cleveland, OH	3.0	2.0	1359	$1,700	$1.25	23d	1	1.30mi
1035 Elbon Rd Cleveland, OH	4.0	1.5	1304	$1,675	$1.28	16d	1	1.36mi
1007 Elbon Rd Cleveland, OH	3.0	1.0	1386	$1,400	$1.01	10d	1	1.37mi
4241 Bayard Rd Cleveland, OH	3.0	2.0	1350	$1,995	$1.48	23d	1	1.38mi
4994 N Sedgewick Rd Cleveland, OH	3.0	1.5	1400	$3,000	$2.14	43d	1	1.42mi
2270 Noble Rd Cleveland, OH	2.0	1.0	800	$850	$1.06	16d	1	1.42mi
1099 Woodview Rd Cleveland, OH	4.0	1.0	1500	$2,500	$1.67	1d	1	1.43mi

Listing history 15 events

1. 2026-05-08
   status Pending
2. 2026-04-10
   historical Contingent
3. 2026-04-06
   listed $194,900 Active
4. 2021-05-11
   soldstatus $120,000
5. 2015-10-09
   soldstatus $68,000 Sold 499-char remark

   Show marketing remark (499 chars)

   Spacious Brick Ranch on Quiet Street in South Euclid! * * * Check Out the 360 Degree Panoramic Virtual Tour * * * One Floor Living! Large Family Room with Dining Area! Eat In Kitchen with Loads of Cabinets! Three Generously Sized Bedrooms with Hardwood Floors! Full Bath on First Floor! Lower Level Rec Room with Additional Full Bath! Tons of Storage! Updated Electrical, HVAC, Glass Block, and Windows! Home Warranty Included! Close to Shops and Parks! Call to Schedule Private Showing Today!

6. 2015-10-09
   soldstatus $68,000

   Show marketing remark (499 chars)

   Spacious Brick Ranch on Quiet Street in South Euclid! * * * Check Out the 360 Degree Panoramic Virtual Tour * * * One Floor Living! Large Family Room with Dining Area! Eat In Kitchen with Loads of Cabinets! Three Generously Sized Bedrooms with Hardwood Floors! Full Bath on First Floor! Lower Level Rec Room with Additional Full Bath! Tons of Storage! Updated Electrical, HVAC, Glass Block, and Windows! Home Warranty Included! Close to Shops and Parks! Call to Schedule Private Showing Today!

7. 2015-09-11
   status Pending 499-char remark

   Show marketing remark (499 chars)

   Spacious Brick Ranch on Quiet Street in South Euclid! * * * Check Out the 360 Degree Panoramic Virtual Tour * * * One Floor Living! Large Family Room with Dining Area! Eat In Kitchen with Loads of Cabinets! Three Generously Sized Bedrooms with Hardwood Floors! Full Bath on First Floor! Lower Level Rec Room with Additional Full Bath! Tons of Storage! Updated Electrical, HVAC, Glass Block, and Windows! Home Warranty Included! Close to Shops and Parks! Call to Schedule Private Showing Today!

8. 2015-07-20
   historical Contingent 499-char remark

   Show marketing remark (499 chars)

   Spacious Brick Ranch on Quiet Street in South Euclid! * * * Check Out the 360 Degree Panoramic Virtual Tour * * * One Floor Living! Large Family Room with Dining Area! Eat In Kitchen with Loads of Cabinets! Three Generously Sized Bedrooms with Hardwood Floors! Full Bath on First Floor! Lower Level Rec Room with Additional Full Bath! Tons of Storage! Updated Electrical, HVAC, Glass Block, and Windows! Home Warranty Included! Close to Shops and Parks! Call to Schedule Private Showing Today!

9. 2015-07-02
   listed $75,000 Active 499-char remark

   Show marketing remark (499 chars)

   Spacious Brick Ranch on Quiet Street in South Euclid! * * * Check Out the 360 Degree Panoramic Virtual Tour * * * One Floor Living! Large Family Room with Dining Area! Eat In Kitchen with Loads of Cabinets! Three Generously Sized Bedrooms with Hardwood Floors! Full Bath on First Floor! Lower Level Rec Room with Additional Full Bath! Tons of Storage! Updated Electrical, HVAC, Glass Block, and Windows! Home Warranty Included! Close to Shops and Parks! Call to Schedule Private Showing Today!

10. 2012-05-22
    soldstatus $31,000 184-char remark

    Show marketing remark (184 chars)

    Roomy three bedroom ranch with two full baths. Some hardwood floors, finished rec room in basement. Formal Dining room and functional cozy kitchen. Two car garage! Property sold AS IS.

11. 2012-04-04
    listed $31,200 184-char remark

    Show marketing remark (184 chars)

    Roomy three bedroom ranch with two full baths. Some hardwood floors, finished rec room in basement. Formal Dining room and functional cozy kitchen. Two car garage! Property sold AS IS.

12. 2000-09-29
    soldstatus $124,300
13. 1991-10-11
    soldstatus $79,900
14. 1991-10-11
    soldstatus $79,900
15. 1991-08-15
    listed $84,000

ⓘ 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: $3,621 · $302/mo
• Projected year-2 tax: $3,621 · $302/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 ≥95°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: $20,486
• − Mortgage interest: −$10,917
• − Property taxes: −$3,621
• − Insurance: −$974
• − Repairs & maintenance: −$1,639
• − Management: −$1,639
• − Depreciation: −$5,670
• Taxable loss: −$3,974
• Est. tax savings @ 24.0%: +$954
• After-tax cash flow: $278/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

+132.0% since first listed

15 events — show timeline

• 2026-05-08 Pending — MLSNOW
• 2026-04-10 Contingent — MLSNOW
• 2026-04-06 Listed $194,900 MLSNOW
• 2021-05-11 Sold (Public Records) $120,000 Public Records
• 2015-10-09 Sold (Public Records) $68,000 Public Records
• 2015-10-09 Sold (MLS) $68,000 MLSNOW
• 2015-09-11 Pending — MLSNOW
• 2015-07-20 Contingent — MLSNOW
• 2015-07-02 Listed $75,000 MLSNOW
• 2012-05-22 Sold (MLS) $31,000 MLSNOW
• 2012-04-04 Listed $31,200 MLSNOW
• 2000-09-29 Sold (Public Records) $124,300 Public Records
• 1991-10-11 Sold (Public Records) $79,900 Public Records
• 1991-10-11 Sold (MLS) $79,900 MLSNOW
• 1991-08-15 Listed $84,000 MLSNOW

Property tax history

+2.9%/yr

Latest (2025): $3,621 · +9.9% YoY. Source: county tax records.