927 E 216th St · Euclid, OH 44119

$190,000

4 bd · 2.0 ba · 2,072 sqft · MultiFamily public records · 6 Days on market

Built 1964 6,242 sqft lot $92/sqft · at area comps Est $193k · at est.

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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 +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +8.1/15.0
• 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

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Turnkey up-and-down duplex in Euclid offering immediate cash flow and flexibility for both investors and owner-occupants. This 4 bed, 2 bath property features one recently turned, move-in ready unit and one occupied unit generating $1,000/month. Exterior has been freshly painted, giving the property strong curb appeal, while major mechanicals are already in solid shape with mid-life furnace & A/C and newer hot water tanks. Fully compliant with Euclid’s Point of Sale requirements and rental registration—skip the headache and step right into ownership. Whether you’re looking to house hack or add a stabilized asset to your portfolio, this one checks the boxes. Call your

Key facts

• Turnkey duplex
• Move-in ready unit
• Strong curb appeal

Tags

• TURNKEY DUPLEX
• MOVE-IN READY UNIT
• FRESHLY PAINTED EXTERIOR
• STRONG CURB APPEAL
• MID-LIFE FURNACE
• NEWER HOT WATER TANKS

Property features AI

Exterior

• Parking: Detached or attached garage not specified, includes 2 garage spaces; Driveway parking
• Utilities: Public water; Public sewer
• Home design: 2 stories; Aluminum siding construction; Asphalt/fiberglass roof
• Construction: Built (year source: public records)
• Exterior features: Paved driveway

Interior

• Bedrooms: Bedrooms present (room-level details not provided)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating (gas)
• Interior features: Full unfinished basement; Total of 8 rooms; One building (multi-unit info)
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $190k.

Deal economics

• At list price, monthly cash flow is $685 ($8k/yr) — positive. Per door: $342/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $190k).
• Cap rate 10.6% 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 (+15.3%/yr); 27 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• At $2,566/mo this rent would consume 70% of the median local household income ($44k/yr) (locally 657% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 $53k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 11y 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 $129k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $190,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1964 — 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. 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.
6. 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.
7. 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: 1.35% ✓
• Cap rate: 10.62%
• Cash-on-cash: 15.45%
• DSCR: 1.69
• GRM: 6.2

CMA / ARV

• ARV (median comp): $192,611
• List price: $190,000
• Delta: 3.84%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
21370 Milan Dr	0.20mi	4/3.0	2,128 (+3%)	10mo	$200,000	$94	74
942 E 236th St	0.69mi	4/2.0	1,820 (-12%)	1mo	$214,000	$118	46
928 E 232nd St	0.61mi	4/2.0	1,767 (-15%)	20mo	$115,000	$65	31

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: 11.8%
• Equity multiple: 1.50×
• Total profit: $26,444
• Equity at exit: $28,330

10-year hold

• IRR: 24.5%
• Equity multiple: 3.65×
• Total profit: $141,138
• Equity at exit: $16,428

Cash invested: $53,200 (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 44119

• Home prices YoY: -33.4%
• Rents YoY: 15.3%
• Active inventory: 27
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $2,566 high
• Mortgage (P&I): −$996
• Tax from tax record: −$267 /mo · $3,202/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$539
• Net cashflow: $685

Break-even live

Break-even rent $1,699

Max offer price $190,000

Occupancy floor 68%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,566
Total (2 units)			$2,566

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19450 Monterey Ave Cleveland, OH	5.0	1.5	1800	$1,690	$0.94	4d	1	0.76mi
19330 Monterey Ave Cleveland, OH	4.0	1.5	1578	$1,450	$0.92	2d	1	0.80mi
20547 Fuller Ave Euclid, OH	5.0	3.0	1600	$1,800	$1.12	16d	1	0.85mi
22680 Coulter Ave Unit 1 Euclid, OH	4.0	2.0	1428	$1,600	$1.12	21d	1	0.85mi
21000 Crystal Ave Euclid, OH	5.0	2.0	1512	$2,150	$1.42	17d	1	0.87mi
20500 Priday Ave Euclid, OH	4.0	1.5	1698	$1,750	$1.03	44d	1	0.88mi
1485 E 221st St Euclid, OH	3.0	2.0	1561	$1,500	$0.96	15d	1	0.88mi
1485 E 221st St Euclid, OH	3.0	2.0	1561	$1,500	$0.96	11d	1	0.88mi
884 E 248th St Euclid, OH	3.0	2.0	1440	$1,699	$1.18	2d	1	1.26mi

Listing history 22 events

1. 2026-06-18
   days on market $190,000 Active 6 DOM
2. 2026-06-17
   days on market $190,000 Active 5 DOM
3. 2026-06-16
   days on market $190,000 Active 4 DOM
4. 2026-06-15
   days on market $190,000 Active 3 DOM
5. 2026-06-13
   statusdays on marketlisting id $190,000 Active 1 DOM
6. 2026-05-03
   listed $200,000 Active 816-char remark
7. 2021-08-23
   soldstatus $129,000
8. 2021-08-20
   status Pending 226-char remark
9. 2021-08-20
   soldstatus $129,000 Closed 226-char remark
10. 2021-07-19
    historical Contingent 226-char remark
11. 2021-07-06
    price $134,000 226-char remark
12. 2021-05-28
    listed $136,000 Active 226-char remark
13. 2018-02-12
    soldstatus $95,000 Sold
14. 2018-02-12
    soldstatus $95,000
15. 2018-01-18
    historical Contingent
16. 2018-01-03
    listed $99,900 Active
17. 2015-09-17
    status Pending
18. 2015-09-16
    soldstatus $60,000 Sold
19. 2015-09-16
    soldstatus $60,000
20. 2015-07-27
    historical Contingent
21. 2015-07-22
    price $59,900
22. 2015-06-08
    listed $64,900 Active

ⓘ 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: $3,202 · $267/mo
• Projected year-2 tax: $3,202 · $267/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: $30,792
• − Mortgage interest: −$10,643
• − Property taxes: −$3,202
• − Insurance: −$950
• − Repairs & maintenance: −$2,463
• − Management: −$2,463
• − Depreciation: −$5,527
• Taxable income: $5,543
• Est. tax owed @ 24.0%: −$1,330
• After-tax cash flow: $6,887/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): 13,243
• Household income: $44,077
• Rent vs Own: 46.7% rent · 53.3% own
• Severe rent burden: 657.0

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 (58%)
• Race & ethnicity: Black 58% White 38% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Romanian 4% Italian 1% Slovak 1%
• Foreign-born: 2%
• Languages at home: 96% English-only · Other Indo-European 1% Russian/Polish/Slavic 1% French/Haitian/Cajun 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: ▼ -81.78%
• Current HPI: 163.1502
• Rent YoY: ▲ 15.32%
• 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

+192.8% since first listed

22 events — show timeline

• 2026-06-12 Listed $190,000 MLSNOW
• 2026-05-26 Pending — MLSNOW
• 2026-05-24 Listing Removed — MLSNOW
• 2026-05-21 Listing Removed — MLSNOW
• 2026-05-21 Listed $190,000 MLSNOW
• 2026-05-03 Listed $200,000 MLSNOW
• 2021-08-23 Sold (Public Records) $129,000 Public Records
• 2021-08-20 Pending — MLSNOW
• 2021-08-20 Sold (MLS) $129,000 MLSNOW
• 2021-07-19 Contingent — MLSNOW
• 2021-07-06 Price Changed $134,000 MLSNOW
• 2021-05-28 Listed $136,000 MLSNOW
• 2018-02-12 Sold (Public Records) $95,000 Public Records
• 2018-02-12 Sold (MLS) $95,000 MLSNOW
• 2018-01-18 Contingent — MLSNOW
• 2018-01-03 Listed $99,900 MLSNOW
• 2015-09-17 Pending — MLSNOW
• 2015-09-16 Sold (Public Records) $60,000 Public Records
• 2015-09-16 Sold (MLS) $60,000 MLSNOW
• 2015-07-27 Contingent — MLSNOW
• 2015-07-22 Price Changed $59,900 MLSNOW
• 2015-06-08 Listed $64,900 MLSNOW

Property tax history

+7.2%/yr

Latest (2025): $3,202 · -3.7% YoY. Source: county tax records.