188 Paradise Blvd · North Perry, OH 44057

$69,900

2 bd · 2.0 ba · 938 sqft · SingleFamily · 83 Days on market

Built 2000 Fair condition ↓ 7% since listing

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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 +5.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful 2-bedroom, 2 full bath home in Madison! This well-maintained property offers comfortable, low-maintenance living with great outdoor features, including a sun porch, front deck, and a backyard garden area. Enjoy additional storage with multiple sheds and a dedicated basketball area for recreation. Community amenities include access to a pool, perfect for relaxing all summer long. Don’t miss this great opportunity!

Key facts

• Multiple sheds
• Front deck
• Sun porch

Tags

• SUN PORCH
• FRONT DECK
• BACKYARD GARDEN AREA
• MULTIPLE SHEDS
• DEDICATED BASKETBALL AREA
• ACCESS TO A POOL

Property features AI

Finance

• Other: Pets allowed with restrictions (breed, number, and size limits)
• Financial info: Property has a land lease ($355)
• HOA & community: Community pool

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric service
• Home design: Single-story home
• Construction: Vinyl siding; Asphalt shingle roof; Raised and slab foundation; Built per public records
• Exterior features: Enclosed areas and multiple porches (front, side, patio); Backyard fencing; Shed(s); In-ground community pool (private pool listed); No additional exterior features specified

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: Two main-level bedrooms
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Electric heating
• Interior features: Double-pane windows; Ceiling fan(s)
• Laundry & utility: Main-level laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $70k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $787 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 70/100 on livability (#482 in OH) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: schools D, health & safety D, amenities F.
• Madison Local (suburban): math 58% / reading 59% proficiency, ranked #308 of 656 in OH (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 96 active listings in the ZIP; 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 $483 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Recommended offer $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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 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?
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: 2.30% ✓
• Cap rate: 19.81%
• Cash-on-cash: 48.26%
• DSCR: 3.15
• GRM: 3.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 45.8%
• Equity multiple: 2.98×
• Total profit: $38,832
• Equity at exit: $10,422

10-year hold

• IRR: 51.6%
• Equity multiple: 6.03×
• Total profit: $98,468
• Equity at exit: $6,044

Cash invested: $19,572 (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 44057

• Active inventory: 96
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,608 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$87 /mo · $1,048/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $787

Break-even live

Break-even rent $611

Max offer price $69,900

Occupancy floor 46%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $69,900 Active 83 DOM
2. 2026-06-17
   days on market $69,900 Active 82 DOM
3. 2026-06-16
   days on market $69,900 Active 81 DOM
4. 2026-06-15
   days on market $69,900 Active 80 DOM
5. 2026-06-13
   days on market $69,900 Active 78 DOM
6. 2026-06-12
   days on market $69,900 Active 77 DOM
7. 2026-06-09
   days on market $69,900 Active 74 DOM
8. 2026-06-08
   days on market $69,900 Active 73 DOM
9. 2026-06-08
   days on market $69,900 Active 72 DOM
10. 2026-06-07
    days on market $69,900 Active 71 DOM
11. 2026-06-04
    days on market $69,900 Active 68 DOM
12. 2026-06-02
    days on market $69,900 Active 67 DOM
13. 2026-06-01
    days on market $69,900 Active 66 DOM
14. 2026-05-31
    days on market $69,900 Active 65 DOM
15. 2026-04-22
    price $69,900
16. 2026-03-27
    listed $74,900 Active

ⓘ 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 2/10 Low 7 d/yr ≥93°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,294
• − Mortgage interest: −$3,915
• − Property taxes: −$1,048
• − Insurance: −$350
• − Repairs & maintenance: −$1,544
• − Management: −$1,544
• − Depreciation: −$2,033
• Taxable income: $8,860
• Est. tax owed @ 24.0%: −$2,126
• After-tax cash flow: $7,319/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 · 13 photos

Fair 45/100 Cosmetic rehab

A fair condition home with cosmetic updates needed to enhance curb appeal and interior aesthetics, improving both resale and rental value.

Repairs flagged

• Minor Paint — Some discoloration on siding
• Minor Landscaping — Some overgrowth

Value-add opportunities

• Both Paint exterior and landscaping — Enhances curb appeal and value
• Resale Replace worn carpet with hardwood — Improves aesthetic and value
• Resale Replace worn kitchen cabinets — Modernizes kitchen and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Some discoloration on siding	Minor	$500–3,000
Landscaping · Some overgrowth	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Both Paint exterior and landscaping — Enhances curb appeal and value ↑
• Resale Replace worn carpet with hardwood — Improves aesthetic and value ↑
• Resale Replace worn kitchen cabinets — Modernizes kitchen and adds 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: Madison Local
• NCES district ID: 3904788
• Math proficiency: 58% ▼ -7.00%
• Reading proficiency: 59% ▼ -6.00%
• Median HH income: $51,608
• Composite: 49.99/100
• National rank: #1924
• State rank: #308 of 656 in OH

Livability — North Perry

• Score: 70/100
• State rank: #482
• US rank: #8064

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lake · 224,932 people
• Metro: Cleveland, OH
• Population (ZIP): 19,491
• Household income: $70,212
• Rent vs Own: 16.2% rent · 83.8% own
• Severe rent burden: 8.5

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 (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Scotch-Irish 2% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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: ▼ -241.42%
• Current HPI: 187.8978
• Rent YoY: —
• Metro: —
• 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

-6.7% since first listed

2 events — show timeline

• 2026-04-22 Price Changed $69,900 MLSNOW
• 2026-03-27 Listed $74,900 MLSNOW