26470 Zeman Ave · Euclid, OH 44132

$133,250

3 bd · 1.0 ba · 1,212 sqft · SingleFamily public records · 4 Days on market

Built 1944 7,840 sqft lot Est $184k · 28% under

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Why this score? — see what drove the B- 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 +25.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +7.0/10.0
• Rent growth +5.0/5.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious Euclid cape cod offers tremendous potential for the right investor! In need of some TLC, this property can bring huge value to any portfolio. The 3 bedroom home has a living room, kitchen and rear addition as well! Plus a finished basement and detached single car garage in a large backyard. Located in the heart of Euclid, the property is within walking distance to parks, schools, shopping, Lake Erie, public transit routes and has easy highway access! Don't miss out on this solid property - add it to your portfolio before it's gone!

Key facts

• Brick exterior
• 7,840 sq ft lot
• Garage

Tags

• FULLY FENCED BACKYARD
• FINISHED RECREATION ROOM
• DETACHED ONE CAR GARAGE
• BRICK EXTERIOR
• CONVENIENT ONE FLOOR LIVING

Property features AI

Exterior

• Parking: Detached garage (1 car)
• Utilities: Public water; Public sewer
• Home design: Brick construction; Asphalt roof; Block foundation
• Construction: Built (year source: public records)
• Exterior features: Full fencing

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating
• Interior features: Partially finished basement; Total of 6 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $133k.

Deal economics

• At list price, monthly cash flow is $328 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $133k).
• Cap rate 9.2% vs local median 6.8% in Euclid — 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 (#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 (+15.5%/yr); 40 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 40% of the median local income ($48k/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 $922 of loan paydown is wiped out by about $4k 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 $37k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 13y 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 $88k; list at $133k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $133,250

Questions for the listing agent

1. Built in 1944 — 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. 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.
4. 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.
5. 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: 1.20% ✓
• Cap rate: 9.25%
• Cash-on-cash: 10.55%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $184,224
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
571 E 260th St	0.18mi	3/1.5	1,283 (+6%)	1mo	$155,000	$121	79
25731 Zeman Ave	0.28mi	3/1.5	1,155 (-5%)	2mo	$161,900	$140	76
795 E 260th St	0.43mi	3/1.5	1,194 (-2%)	2mo	$183,000	$153	74
25401 Farringdon Ave	0.37mi	3/1.0	1,152 (-5%)	0mo	$186,000	$161	74
311 E 262nd St	0.51mi	4/1.5 (+1)	1,215 (+0%)	0mo	$200,000	$165	69
26901 Farringdon Ave	0.13mi	4/1.5 (+1)	1,339 (+10%)	1mo	$156,000	$117	69
643 E 261st St	0.16mi	4/1.0 (+1)	1,344 (+11%)	1mo	$150,000	$112	68
26361 Elinore Ave	0.26mi	3/1.5	1,037 (-14%)	1mo	$190,000	$183	61
434 E 272nd St	0.54mi	4/1.5 (+1)	1,282 (+6%)	1mo	$195,000	$152	58
29023 Weber Ave	0.62mi	4/1.5 (+1)	1,164 (-4%)	0mo	$210,000	$180	57
599 E 250th St	0.57mi	3/1.5	1,316 (+9%)	1mo	$154,500	$117	57
406 E 274th St	0.65mi	3/1.0	1,366 (+13%)	1mo	$115,000	$84	48

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: 5.1%
• Equity multiple: 1.21×
• Total profit: $7,760
• Equity at exit: $19,868

10-year hold

• IRR: 18.7%
• Equity multiple: 2.93×
• Total profit: $72,157
• Equity at exit: $11,521

Cash invested: $37,310 (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 44132

• Home prices YoY: -16.9%
• Rents YoY: 15.5%
• Active inventory: 40
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,595 high
• Mortgage (P&I): −$699
• Tax from tax record: −$178 /mo · $2,136/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $328

Break-even live

Break-even rent $1,180

Max offer price $133,250

Occupancy floor 74%

Sensitivity live

Price	-10% $403	-5% $366	+0% $328	+5% $290	+10% $253
Rent	-10% $202	-5% $265	+0% $328	+5% $391	+10% $454
Rate	-1.0pp $395	-0.5pp $362	base $328	+0.5pp $293	+1.0pp $258

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: $33,312
• Closing costs: $3,998
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26351 Farringdon Ave Euclid, OH	3.0	1.0	1257	$1,495	$1.19	2d	1	0.10mi
26900 Zeman Ave Euclid, OH	4.0	1.5	1241	$1,531	$1.23	20d	1	0.11mi
26450 Drakefield Ave Euclid, OH	4.0	1.5	1241	$1,700	$1.37	2d	1	0.18mi
27190 Zeman Ave Euclid, OH	4.0	1.0	1465	$1,800	$1.23	22d	1	0.22mi
611 E 260th St Euclid, OH	3.0	1.0	875	$1,595	$1.82	44d	1	0.23mi
26900 Forestview Ave Euclid, OH	3.0	1.0	1098	$1,450	$1.32	2d	1	0.25mi
26230 Briardale Ave Euclid, OH	3.0	2.0	1290	$1,600	$1.24	2d	1	0.26mi
25301 Shoreview Ave Euclid, OH	3.0	2.0	1131	$1,849	$1.63	15d	1	0.45mi
25301 Shoreview Ave Euclid, OH	3.0	2.0	1131	$1,499	$1.33	2d	1	0.45mi
25291 Richards Ave Euclid, OH	4.0	1.0	1164	$1,850	$1.59	2d	1	0.50mi
27471 Forestview Ave Euclid, OH	3.0	1.0	1282	$1,495	$1.17	44d	1	0.51mi
245 E 262nd St Euclid, OH	3.0	2.0	1226	$1,840	$1.50	2d	1	0.61mi
368 E 248th St Euclid, OH	3.0	1.0	1440	$1,395	$0.97	44d	1	0.62mi
25311 Lakeshore Blvd Unit C14 Euclid, OH	2.0	1.0	925	$995	$1.08	44d	1	0.67mi
25611 Lakeshore Blvd Unit F11 Euclid, OH	2.0	1.0	925	$995	$1.08	44d	1	0.67mi
300 E 246th St Euclid, OH	3.0	1.0	1116	$1,864	$1.67	44d	1	0.69mi
26611 Lakeshore Blvd Unit UP Euclid, OH	3.0	2.0	1400	$1,275	$0.91	21d	1	0.74mi
24570 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0	925	$1,200	$1.30	44d	1	0.75mi
24801 Lake Shore Blvd Euclid, OH	2.0	1.0	640	$1,075	$1.68	4d	8	0.75mi
270 E 244th St Euclid, OH	1.0–2.0	1.0	702	$950	$1.35	22d	3	0.76mi
24453 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0–2.0	781	$1,040	$1.33	2d	10	0.80mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$1,168	$1.37	2d	7	0.92mi
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	13d	1	0.92mi
27701 Mills Ave Unit 2E Euclid, OH	2.0	1.5	1176	$1,275	$1.08	44d	1	0.94mi
101 E 238th St Euclid, OH	2.0	1.0	959	$1,400	$1.46	15d	1	0.96mi
23901 Puritan Rd Euclid, OH	3.0	1.0	1326	$1,595	$1.20	15d	1	1.02mi
655 E 240th St Euclid, OH	3.0	1.0	1341	$1,550	$1.16	44d	1	1.03mi
23307 Williams Ave Euclid, OH	4.0	1.0	1220	$1,700	$1.39	24d	1	1.07mi
884 E 248th St Euclid, OH	3.0	2.0	1440	$1,699	$1.18	2d	1	1.12mi
374 E 232nd St Euclid, OH	3.0	1.0	1222	$1,995	$1.63	44d	1	1.17mi
797 Babbitt Rd #22 Euclid, OH	3.0	1.5	1360	$1,600	$1.18	44d	1	1.27mi
645 Babbitt Rd Euclid, OH	3.0	1.0	1200	$1,400	$1.17	13d	1	1.28mi
26700 Tungsten Rd Unit TN 202 Euclid, OH	2.0	1.0	779	$1,200	$1.54	44d	1	1.29mi
27800 Euclid Ave Unit Euclid 35 Parkhill Apts-5 Euclid, OH	3.0	1.5	755	$1,200	$1.59	44d	1	1.29mi
27800 Euclid Ave Unit Euclid 35 -Hillandale Apts-306 Euclid, OH	2.0	1.0	750	$950	$1.27	8d	1	1.29mi
26660 Tungsten Rd Unit 105 Euclid, OH	2.0	1.0	900	$1,195	$1.33	5d	1	1.33mi
26640 Tungsten Rd Euclid, OH	2.0	1.0	779	$1,100	$1.41	44d	1	1.35mi
26251 Brush Ave Euclid, OH	2.0–3.0	1.0	769	$1,600	$2.08	2d	2	1.47mi

Listing history 3 events

1. 2026-06-21
   days on market $133,250 Active 4 DOM
2. 2026-06-17
   remarks 699-char remark
3. 2026-06-17
   listed $133,250 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: $2,136 · $178/mo
• Projected year-2 tax: $2,136 · $178/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 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: $19,144
• − Mortgage interest: −$7,464
• − Property taxes: −$2,136
• − Insurance: −$666
• − Repairs & maintenance: −$1,532
• − Management: −$1,532
• − Depreciation: −$3,876
• Taxable income: $1,938
• Est. tax owed @ 24.0%: −$465
• After-tax cash flow: $3,471/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): 14,633
• Household income: $47,969
• Rent vs Own: 56.2% rent · 43.8% own
• Severe rent burden: 1297.0

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 (64%)
• Race & ethnicity: Black 64% White 29% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Romanian 4% Italian 1% Subsaharan African 1%
• Foreign-born: 3%
• Languages at home: 93% English-only · Spanish 3% Russian/Polish/Slavic 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: ▼ -41.89%
• Current HPI: 206.0583
• Rent YoY: ▲ 15.49%
• 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

+225.0% since first listed

15 events — show timeline

• 2026-06-17 Listed $133,250 MLSNOW
• 2026-02-16 Rental Removed $1,500 APPFOLIO
• 2026-01-04 Price Changed $1,500 APPFOLIO
• 2025-12-30 Listed for Rent $1,600 APPFOLIO
• 2022-06-15 Sold (Public Records) $88,000 Public Records
• 2022-06-14 Sold (MLS) $88,000 MLSNOW
• 2022-05-19 Pending — MLSNOW
• 2022-05-12 Relisted — MLSNOW
• 2022-05-04 Listed $95,000 MLSNOW
• 2015-01-05 Sold (MLS) $45,000 MLSNOW
• 2015-01-02 Sold (Public Records) $45,000 Public Records
• 2014-12-18 Listing Removed — MLSNOW
• 2013-04-15 Listed $64,000 MLSNOW
• 1985-09-12 Sold (Public Records) $50,000 Public Records
• 1978-03-01 Sold (Public Records) $41,000 Public Records

Property tax history

-0.3%/yr

Latest (2025): $2,136 · -3.5% YoY. Source: county tax records.