34424 Euclid Ave #252 · Willoughby, OH 44094

$35,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily · 67 Days on market

Built 1974 Good condition $35/sqft · 70% below area

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• Rent growth +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 252 Chelsea Dr. , located in a desirable 55+ community in Willoughby. This well-maintained 2-bedroom, 1-bath home offers 1,008 sq ft of comfortable, low-maintenance living. Numerous recent updates have already been completed, including new skirting, fresh interior paint, updated fixtures, ceiling fan, toilet, and kitchen and bathroom faucets — giving you peace of mind and move-in-ready convenience. The home is handicap accessible for added ease and functionality. A covered carport provides protected parking and everyday practicality. Enjoy quiet community living just minutes from shopping, restaurants, medical facilities, downtown Willoughby, and convenient highway access. If you're looking for affordable, well-cared-for living in a sought-after Lake County location, this is an excellent opportunity. Schedule your private showing today.

Key facts

• Covered carport
• Handicap accessible
• Parking

Tags

• HANDICAP ACCESSIBLE
• COVERED CARPORT
• MOVE-IN-READY CONVENIENCE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $808 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $33k (6.0% below list) — sets the bar for market timing.
• Cap rate 34.0% vs local median 2.8% in Willoughby — 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 75/100 on livability (#249 in OH, #3,972 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Willoughby-Eastlake City (suburban): math 42% / reading 58% proficiency, ranked #434 of 656 in OH (top 66%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.0%/yr); 187 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 448 units permitted in Lake County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Lake 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 + 4.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($33k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $32,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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 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: 3.80% ✓
• Cap rate: 33.99%
• Cash-on-cash: 98.92%
• DSCR: 5.40
• GRM: 2.2

CMA / ARV

• ARV (median comp): $115,509
• List price: $35,000
• Delta: -69.70%
• 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
1604 Empire Rd	0.52mi	3/1.0 (+1)	1,006 (-0%)	2mo	$190,000	$189	69
1569 Douglas Rd	0.30mi	2/1.0	1,096 (+9%)	6mo	$115,000	$105	67
1653 Douglas Rd	0.38mi	3/1.5 (+1)	946 (-6%)	4mo	$195,000	$206	62
1522 Mapledale Rd	0.36mi	3/2.0 (+1)	1,080 (+7%)	2mo	$160,000	$148	61
1624 Douglas Rd	0.36mi	3/2.0 (+1)	946 (-6%)	4mo	$196,000	$207	60
1648 Douglas Rd	0.39mi	3/2.0 (+1)	946 (-6%)	3mo	$184,335	$195	60
1784 Empire Rd	0.74mi	3/1.0 (+1)	1,006 (-0%)	1mo	$200,000	$199	59
30530 Grant St	0.65mi	3/2.0 (+1)	1,073 (+6%)	1mo	$190,900	$178	49
30705 Grant St	0.55mi	3/2.0 (+1)	925 (-8%)	4mo	$224,900	$243	48
5317 Melody Ln	0.74mi	3/1.5 (+1)	960 (-5%)	4mo	$215,000	$224	47
1590 Dennis Dr	0.62mi	3/2.0 (+1)	928 (-8%)	4mo	$199,900	$215	45
5229 Melody Ln	0.72mi	3/1.5 (+1)	930 (-8%)	2mo	$230,000	$247	45

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 · 4.01% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 5.81×
• Total profit: $47,165
• Equity at exit: $5,219

10-year hold

• IRR: —
• Equity multiple: 12.54×
• Total profit: $113,118
• Equity at exit: $3,026

Cash invested: $9,800 (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 44094

• Rents YoY: 4.0%
• Active inventory: 187
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,329 high
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $808

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 34%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30620 Euclid Ave Wickliffe, OH	2.0	1.0	1500	$1,500	$1.00	2d	1	0.40mi
30600 Euclid Ave Wickliffe, OH	1.0	1.0	750	$948	$1.26	16d	1	0.45mi
30446 Euclid Ave Wickliffe, OH	2.0	1.5	1044	$1,350	$1.29	43d	1	0.68mi
31621 N Marginal Dr Unit B Willowick, OH	3.0	1.5	1200	$1,550	$1.29	2d	1	0.80mi
30050 Euclid Ave Unit A2 Wickliffe, OH	2.0	1.0	1036	$1,350	$1.30	43d	1	1.09mi
2250 Par Ln Willoughby Hills, OH	2.0–3.0	2.0–2.5	1375	$1,840	$1.34	1d	15	1.22mi
2252 Par Ln Willoughby Hills, OH	1.0–3.0	1.0–2.0	1046	$1,330	$1.27	1d	36	1.26mi

Listing history 8 events

1. 2026-06-07
   statusdays on market $35,000 Pending 67 DOM
2. 2026-06-03
   days on market $35,000 Active 65 DOM
3. 2026-06-02
   days on market $35,000 Active 64 DOM
4. 2026-06-01
   days on market $35,000 Active 63 DOM
5. 2026-05-31
   days on market $35,000 Active 62 DOM
6. 2026-04-27
   status Active 865-char remark

   Show marketing remark (865 chars)

   Welcome to 252 Chelsea Dr. , located in a desirable 55+ community in Willoughby. This well-maintained 2-bedroom, 1-bath home offers 1,008 sq ft of comfortable, low-maintenance living. Numerous recent updates have already been completed, including new skirting, fresh interior paint, updated fixtures, ceiling fan, toilet, and kitchen and bathroom faucets — giving you peace of mind and move-in-ready convenience. The home is handicap accessible for added ease and functionality. A covered carport provides protected parking and everyday practicality. Enjoy quiet community living just minutes from shopping, restaurants, medical facilities, downtown Willoughby, and convenient highway access. If you're looking for affordable, well-cared-for living in a sought-after Lake County location, this is an excellent opportunity. Schedule your private showing today.

7. 2026-03-31
   status Pending 865-char remark

   Show marketing remark (865 chars)

   Welcome to 252 Chelsea Dr. , located in a desirable 55+ community in Willoughby. This well-maintained 2-bedroom, 1-bath home offers 1,008 sq ft of comfortable, low-maintenance living. Numerous recent updates have already been completed, including new skirting, fresh interior paint, updated fixtures, ceiling fan, toilet, and kitchen and bathroom faucets — giving you peace of mind and move-in-ready convenience. The home is handicap accessible for added ease and functionality. A covered carport provides protected parking and everyday practicality. Enjoy quiet community living just minutes from shopping, restaurants, medical facilities, downtown Willoughby, and convenient highway access. If you're looking for affordable, well-cared-for living in a sought-after Lake County location, this is an excellent opportunity. Schedule your private showing today.

8. 2026-03-02
   listed $35,000 Active 865-char remark

   Show marketing remark (865 chars)

   Welcome to 252 Chelsea Dr. , located in a desirable 55+ community in Willoughby. This well-maintained 2-bedroom, 1-bath home offers 1,008 sq ft of comfortable, low-maintenance living. Numerous recent updates have already been completed, including new skirting, fresh interior paint, updated fixtures, ceiling fan, toilet, and kitchen and bathroom faucets — giving you peace of mind and move-in-ready convenience. The home is handicap accessible for added ease and functionality. A covered carport provides protected parking and everyday practicality. Enjoy quiet community living just minutes from shopping, restaurants, medical facilities, downtown Willoughby, and convenient highway access. If you're looking for affordable, well-cared-for living in a sought-after Lake County location, this is an excellent opportunity. Schedule your private showing today.

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

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 ≥95°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,945
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$1,276
• − Management: −$1,276
• − Depreciation: −$1,018
• Taxable income: $9,715
• Est. tax owed @ 24.0%: −$2,332
• After-tax cash flow: $7,363/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 · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained 2-bedroom, 1-bath home offers 1,008 sq ft of comfortable, low-maintenance living. Recent updates include new skirting, fresh interior paint, updated fixtures, ceiling fan, toilet, and kitchen and bathroom faucets. The home is handicap accessible and offers a covered carport for protected parking.

Value-add opportunities

• Both Paint interior walls — Fresh paint can enhance the home's curb appeal and interior aesthetics
• Both Replace outdated flooring — New flooring can improve the home's appearance and increase its value
• Both Update kitchen cabinets — Modernizing the kitchen can increase the home's appeal and value
• Both Replace outdated appliances — Upgrading appliances can improve the home's functionality and increase its value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint interior walls — Fresh paint can enhance the home's curb appeal and interior aesthetics ↑
• Both Replace outdated flooring — New flooring can improve the home's appearance and increase its value ↑
• Both Update kitchen cabinets — Modernizing the kitchen can increase the home's appeal and value ↑
• Both Replace outdated appliances — Upgrading appliances can improve the home's functionality and increase its value ↑

ⓘ 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: Willoughby-Eastlake City
• NCES district ID: 3904510
• Math proficiency: 42% ▼ -21.00%
• Reading proficiency: 58% ▼ -11.00%
• Median HH income: $52,500
• Composite: 42.96/100
• National rank: #3110
• State rank: #434 of 656 in OH

Livability — Willoughby

• Score: 75/100
• State rank: #249
• US rank: #3972

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Willoughby, OH
• County: Lake County · 204,927 people
• City population: 36,873
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 36,873
• Household income: $78,772
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1381.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 230,022 people
• By 2030: 228,151 · -0.8%
• By 2040: 221,018 · -3.9%
• By 2050: 212,754 · -7.5%
• By 2075: 200,309 · -12.9%
• By 2100: 183,315 · -20.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 4% Hispanic / Latino 2% Asian 2%
• Common ancestry: Romanian 7% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 92% English-only · Russian/Polish/Slavic 3% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Lake

• 2024 margin: R (+14.3) · D 42.4% · R 56.7%
• 2008→2024 swing: -15.2pp toward R · 2008: 0.8pp · 2024: -14.3pp
• All cycles: 2024: R+14.3 2020: R+13.6 2016: R+15.6 2012: R+1.7 2008: D+0.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -229.28%
• Current HPI: 179.81
• Rent YoY: ▲ 4.01%
• 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

3 events — show timeline

• 2026-04-27 Relisted — MLSNOW
• 2026-03-31 Pending — MLSNOW
• 2026-03-02 Listed $35,000 MLSNOW