7002 Flowerdale Ave · Cleveland, OH 44144

$126,900

3 bd · 1.0 ba · 1,196 sqft · SingleFamily public records · 4 Days on market

Built 1924 5,301 sqft lot Est $202k · 37% 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 +22.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.7/10.0
• Schools +5.0/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice Clean Recently Painted interior in Neutral Colors, Some newer Windows, Attached Garage but no entrance direct into house, 2 Driveways

Key facts

• First-floor bedroom
• Attached garage
• Full bathroom

Tags

• FIRST-FLOOR BEDROOM
• FULL BATHROOM
• BRAND-NEW ROOF
• UPDATED ELECTRICAL SERVICE
• ATTACHED GARAGE

Property features AI

Finance

• Financial info: Annual taxes listed (see public record)
• HOA & community: Access to public transportation

Exterior

• Parking: Attached 1-car garage; Driveway parking; Paved parking
• Utilities: Public water; Public sewer
• Home design: 2-story home; Brick/mortar foundation; Home warranty included
• Construction: Built (year per public records); Aluminum siding; Brick veneer; Stone veneer; Asphalt/fiberglass roof
• Exterior features: Front porch; Lot approximately 0.12 acres (52 x 100)

Interior

• Bedrooms: 1 main-level bedroom
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating (gas); Ceiling fans; Window cooling units
• Interior features: Full, unfinished basement; 6 total rooms
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $127k.

Deal economics

• At list price, monthly cash flow is $223 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $127k).
• Cap rate 8.4% vs local median 3.6% in Cleveland — 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 71/100 on livability (#403 in OH) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: schools D-, crime F, employment F.
• Market conditions: 35 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $877 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.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y 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 $41k; list at $127k implies a 210% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,900

Questions for the listing agent

1. Built in 1924 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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 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: 1.17% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.53%
• DSCR: 1.34
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $202,124
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7428 Ira Ave	0.36mi	3/2.0	1,131 (-5%)	4mo	$240,000	$212	66
4649 Pelham Dr	0.42mi	3/2.5	1,153 (-4%)	4mo	$216,500	$188	65
6707 Vandalia Ave	0.21mi	3/2.5	1,328 (+11%)	3mo	$190,000	$143	63
7707 Liberty Ave	0.50mi	3/1.0	1,092 (-9%)	4mo	$185,000	$169	59
5515 Merkle Ave	0.63mi	3/2.5	1,170 (-2%)	2mo	$262,000	$224	59
5910 Velma Ave	0.58mi	3/1.0	1,092 (-9%)	2mo	$147,900	$135	57
6707 Laverne Ave	0.63mi	3/1.0	1,092 (-9%)	4mo	$157,500	$144	52
5803 Merkle Ave	0.58mi	3/1.5	1,057 (-12%)	1mo	$158,000	$149	51
4716 Forest Edge Dr	0.74mi	3/1.5	1,290 (+8%)	2mo	$255,000	$198	49
6011 Luelda Ave	0.63mi	3/1.0	1,054 (-12%)	5mo	$170,000	$161	47
5227 W 52nd St	0.72mi	3/2.0	1,326 (+11%)	2mo	$220,000	$166	42
5702 Luelda Ave	0.67mi	3/2.0	1,062 (-11%)	4mo	$213,500	$201	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.82×
• Total profit: $-6,289
• Equity at exit: $18,921

10-year hold

• IRR: 5.0%
• Equity multiple: 1.37×
• Total profit: $13,091
• Equity at exit: $10,972

Cash invested: $35,532 (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 44144

• Active inventory: 35
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,484 high
• Mortgage (P&I): −$665
• Tax from tax record: −$231 /mo · $2,775/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $223

Break-even live

Break-even rent $1,202

Max offer price $126,900

Occupancy floor 80%

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: $31,725
• Closing costs: $3,807
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6227 Traymore Ave Cleveland, OH	3.0	2.0	1221	$1,575	$1.29	1d	1	0.32mi
6007 Merkle Ave Unit Down Parma, OH	3.0	1.0	1250	$1,399	$1.12	1d	1	0.55mi
5406 Merkle Ave Cleveland, OH	2.0	1.0	958	$1,300	$1.36	7d	1	0.66mi
5406 Merkle Ave Cleveland, OH	2.0	1.0	946	$1,300	$1.37	4d	1	0.66mi
4606 Roadoan Rd Unit 1496094P Brooklyn, OH	2.0	1.5	1065	$3,537	$3.32	14d	1	0.78mi
5252 W 45th St Unit 1496134P Parma, OH	3.0	2.0	1065	$5,388	$5.06	14d	1	0.97mi
5220 W 44th St #2 Parma, OH	2.0	1.0	1156	$1,400	$1.21	23d	1	0.99mi
8326 Fernhill Ave Cleveland, OH	3.0	1.0	1350	$1,700	$1.26	43d	1	1.00mi
4606 Lincoln Ave Cleveland, OH	3.0	2.0	1418	$1,995	$1.41	1d	1	1.06mi
5253 Hauserman Rd Parma, OH	1.0–2.0	1.0	755	$1,150	$1.52	4d	3	1.34mi
6505 Snow Rd Unit REAR Parma, OH	3.0	1.5	1312	$1,599	$1.22	7d	1	1.35mi
4000 Westbrook Dr Cleveland, OH	1.0–2.0	1.0–2.0	882	$1,103	$1.25	1d	1	1.44mi

Listing history 5 events

1. 2026-06-16
   status $126,900 Pending 4 DOM
2. 2026-06-15
   days on market $126,900 Active 4 DOM
3. 2026-06-13
   days on market $126,900 Active 2 DOM
4. 2026-06-13
   remarks 699-char remark
5. 2026-06-13
   listed $126,900 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: $2,775 · $231/mo
• Projected year-2 tax: $2,775 · $231/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 ≥95°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: $17,813
• − Mortgage interest: −$7,108
• − Property taxes: −$2,775
• − Insurance: −$634
• − Repairs & maintenance: −$1,425
• − Management: −$1,425
• − Depreciation: −$3,692
• Taxable income: $753
• Est. tax owed @ 24.0%: −$181
• After-tax cash flow: $2,496/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)

No district data.

Livability — Cleveland

• Score: 71/100
• State rank: #403
• US rank: #6673

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cleveland, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 326,883
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 21,394
• Household income: $60,223
• Rent vs Own: 40.8% rent · 59.2% own
• Severe rent burden: 644.0

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 0.59)
• Race & ethnicity: White 60% Hispanic / Latino 21% Two or more races 10% Black 9% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 14% Dominican 1%
• Common ancestry: Romanian 7% Subsaharan African 2% Slovak 2%
• Foreign-born: 11% · Canada, India, South Korea
• Languages at home: 75% English-only · Spanish 14% Other Indo-European 4% Russian/Polish/Slavic 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: ▼ -143.16%
• Current HPI: 195.4778
• Rent YoY: —
• 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

+154.3% since first listed

5 events — show timeline

• 2026-06-11 Listed $126,900 MLSNOW
• 2016-12-05 Sold (MLS) $41,000 MLSNOW
• 2016-11-28 Pending — MLSNOW
• 2016-10-24 Contingent — MLSNOW
• 2016-10-18 Listed $49,900 MLSNOW

Property tax history

+5.2%/yr

Latest (2025): $2,775 · +0.0% YoY. Source: county tax records.