7001 State Rd · Parma, OH 44134

$199,900

3 bd · 2.0 ba · 1,782 sqft · SingleFamily public records · 1 Days on market

Built 1910 0.37 ac lot Est $271k · 26% 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 +17.0/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• 1% rule +5.2/10.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Front porch living and character stand out in this Parma home! This 4 bedroom, 2 bathroom home features a huge front porch, perfect for enjoying those fall nights! As you walk in, you are immediately greeted by character and charm. The living room boasts a brick fireplace and wood beams on the ceiling. The kitchen features stain-glass cabinets, tons of storage, and a breakfast bar. The backyard featured a partially fenced in lot, stone wall landscape, a back deck and plenty of room for a dog to roam or a swing set. With your own personal touches, this home’s charm and character will shine. Don’t let this one pass by, call now to view this home!

Key facts

• Covered front porch
• Unique garage
• Beamed ceilings

Tags

• ONE-FLOOR LIVING
• UNIQUE GARAGE
• COVERED FRONT PORCH
• HAND SCRAPED BAMBOO FLOORING
• BEAMED CEILINGS
• HUGE KITCHEN

Property features AI

Exterior

• Parking: Detached garage with garage door opener; Driveway
• Utilities: Public water; Public sewer
• Home design: Two-story home
• Construction: Vinyl siding; Asphalt/fiberglass roof
• Exterior features: Covered front and side porches; Lot faces west

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: One main-level bedroom
• Bathrooms: Two full bathrooms; One half bathroom; Two main-level bathrooms
• Interior features: Beamed ceilings; Breakfast bar; Ceiling fan(s); Crown molding; Jetted tub; Double pane windows; Window treatments; Gas-log, gas-starter, and wood-burning fireplace (1)
• Laundry & utility: Washer; Dryer; Laundry located on main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $136 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 7.1% 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 fast (+10.6%/yr); 118 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 36% of the median local income ($69k/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 + 8.0% rent growth), your $56k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 13 sale attempts since 21y 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 $113k; list at $200k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $199,900

Questions for the listing agent

1. Built in 1910 — 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: 1.02% ✓
• Cap rate: 7.11%
• Cash-on-cash: 2.91%
• DSCR: 1.13
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $270,864
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4326 Wood Thrush Dr	0.31mi	3/1.5	1,812 (+2%)	9mo	$275,000	$152	73
3195 Marda Dr	0.44mi	3/1.5	1,725 (-3%)	7mo	$260,000	$151	67
3803 Center Dr	0.30mi	3/1.0	1,560 (-12%)	0mo	$200,000	$128	61
5216 Sassafras Dr	0.63mi	3/2.5	1,869 (+5%)	2mo	$244,000	$131	59
3327 Nottingham Dr	0.51mi	3/1.0	1,632 (-8%)	0mo	$275,000	$169	58
5906 Williston Dr	0.71mi	3/1.5	1,708 (-4%)	3mo	$260,000	$152	55
5301 Regency Dr	0.67mi	4/2.5 (+1)	1,838 (+3%)	2mo	$340,000	$185	55
2960 Hetzel Dr	0.58mi	3/1.5	1,672 (-6%)	8mo	$194,500	$116	54
3061 Hilltop Dr	0.52mi	4/2.5 (+1)	1,632 (-8%)	4mo	$303,000	$186	52
6001 Williston Dr	0.71mi	3/1.5	1,692 (-5%)	8mo	$251,000	$148	50
2838 Marda Dr	0.61mi	3/2.0	1,524 (-14%)	4mo	$220,000	$144	44
6015 Ely Vista Dr	0.70mi	3/3.0	1,624 (-9%)	8mo	$360,000	$222	42

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -5.9%
• Equity multiple: 0.77×
• Total profit: $-12,889
• Equity at exit: $29,806

10-year hold

• IRR: 9.2%
• Equity multiple: 1.88×
• Total profit: $49,270
• Equity at exit: $17,284

Cash invested: $55,972 (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 44134

• Rents YoY: 10.6%
• Active inventory: 118
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,037 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$342 /mo · $4,104/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $136

Break-even live

Break-even rent $1,865

Max offer price $199,900

Occupancy floor 88%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5080 Whispering Oaks BLVD Parma, OH	3.0	2.0	1332	$1,799	$1.35	12d	1	0.63mi
6924 Day Dr Cleveland, OH	3.0	2.0	2104	$2,200	$1.05	43d	1	0.74mi
4191 W Ridgewood Dr Unit 4193 Parma, OH	4.0	3.0	1800	$1,950	$1.08	43d	1	0.83mi

Listing history 2 events

1. 2026-06-19
   remarks 699-char remark
2. 2026-06-19
   listed $199,900 Active 1 DOM

ⓘ 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: $4,104 · $342/mo
• Projected year-2 tax: $4,104 · $342/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 ≥94°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,446
• − Mortgage interest: −$11,198
• − Property taxes: −$4,104
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,956
• − Management: −$1,956
• − Depreciation: −$5,815
• Taxable loss: −$1,581
• Est. tax savings @ 24.0%: +$379
• After-tax cash flow: $2,009/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): 37,774
• Household income: $68,625
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 668.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 6% Hispanic / Latino 5% Black 3% Asian 3%
• Common ancestry: Romanian 14% Subsaharan African 6% Slovak 1%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 84% English-only · Russian/Polish/Slavic 7% Spanish 3% Other Indo-European 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: ▼ -215.17%
• Current HPI: 184.0553
• Rent YoY: ▲ 10.56%
• 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

+455.3% since first listed

35 events — show timeline

• 2026-06-18 Listed $199,900 MLSNOW
• 2017-05-16 Sold (Public Records) $112,900 Public Records
• 2017-05-16 Sold (MLS) $112,900 FAOR
• 2017-05-16 Sold (MLS) $112,900 MLSNOW
• 2017-03-10 Pending — MLSNOW
• 2017-02-27 Contingent — MLSNOW
• 2017-02-27 Listing Removed — MLSNOW
• 2016-11-01 Relisted — MLSNOW
• 2016-10-24 Pending — MLSNOW
• 2016-10-04 Relisted — MLSNOW
• 2016-09-15 Pending — MLSNOW
• 2016-08-22 Listed $112,900 MLSNOW
• 2016-08-22 Listed $112,900 FAOR
• 2016-06-30 Listing Removed — MLSNOW
• 2016-05-21 Price Changed $112,900 MLSNOW
• 2016-05-20 Relisted — MLSNOW
• 2016-03-18 Contingent — MLSNOW
• 2016-02-11 Price Changed $109,900 MLSNOW
• 2016-02-08 Price Changed $111,500 MLSNOW
• 2016-02-08 Relisted — MLSNOW
• 2016-01-31 Pending — MLSNOW
• 2015-06-01 Listed $112,500 MLSNOW
• 2015-05-25 Listing Removed — MLSNOW
• 2015-04-14 Price Changed $115,000 MLSNOW
• 2015-03-04 Listed $119,900 MLSNOW
• 2014-05-20 Listing Removed — MLSNOW
• 2013-12-05 Listed $129,000 MLSNOW
• 2006-08-23 Sold (Public Records) $120,000 Public Records
• 2006-08-23 Sold (MLS) $120,000 MLSNOW
• 2006-01-05 Listed $129,900 MLSNOW
• 2005-12-20 Listing Removed — MLSNOW
• 2005-10-31 Listed $147,500 MLSNOW
• 2005-10-28 Listing Removed — MLSNOW
• 2005-07-28 Listed $149,900 MLSNOW
• 1978-06-01 Sold (Public Records) $36,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $4,104 · -5.5% YoY. Source: county tax records.