4714 W Ridgewood Dr · Parma, OH 44134

$149,900

2 bd · 1.0 ba · 1,216 sqft · SingleFamily public records · 6 Days on market

Built 1954 1.26 ac lot Est $230k · 35% under

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Why this score? — see what drove the C+ 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 +18.6/30.0
• ARV discount +15.0/15.0
• 1% rule +6.1/10.0
• DSCR +5.8/10.0
• Rent growth +5.0/5.0
• Schools +4.1/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

I am a well cared for home located close to the "The Shoppes At Parma". I have protected the generations that have grown within these solid walls. My front yard is perfect for flowers while the rear yard is great for playing catch, throwing Frisbees, or laying out in the sun. Make me over and watch me shine from the three season room to my front steps. With the ideal homeowner, I can glow as radiant as the fire from the fire pit by the barn. Rumor has it, I've only had two owners. Will you be my next? Contact my agent today to meet me and become acquainted with how I can feel like home. .

Key facts

• Wooded backdrop
• Three-season room
• Private backyard

Tags

• THREE-SEASON ROOM
• PRIVATE BACKYARD
• FIRE PIT AREA
• SMALL OUTBUILDING
• WOODED BACKDROP

Property features AI

Exterior

• Parking: Attached garage (1 car), paved
• Utilities: Public water; Public sewer
• Home design: Single-story home; Entry level: main
• Construction: Aluminum siding; Asphalt/fiberglass roof; Built per public records
• Exterior features: Fire pit; Enclosed patio and porch; Outbuilding; Wooded lot; Has view

Interior

• Bedrooms: 2 main-level bedrooms
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Forced air heating (gas); Central air conditioning
• Interior features: Full, partially finished basement; Living room fireplace

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $145 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 7.5% vs local median 5.0% in Parma — 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 82/100 on livability (#84 in OH, #1,232 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, cost of living A+; Watch: employment C-, commute F.
• Parma City (suburban): math 43% / reading 52% proficiency, ranked #469 of 656 in OH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+10.6%/yr); 121 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 14d 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 $1k 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 $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y 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 $68k; list at $150k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.11% ✓
• Cap rate: 7.46%
• Cash-on-cash: 4.15%
• DSCR: 1.18
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $229,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4519 W Ridgewood Dr	0.10mi	2/1.0	1,078 (-11%)	1mo	$220,000	$204	76
5211 W Ridgewood Dr	0.16mi	3/1.0 (+1)	1,110 (-9%)	5mo	$209,500	$189	69
4209 Orchard Park Dr	0.30mi	3/2.0 (+1)	1,120 (-8%)	2mo	$210,000	$188	62
3426 Center Dr	0.67mi	3/1.5 (+1)	1,244 (+2%)	1mo	$225,000	$181	57
4206 Orchard Park Dr	0.30mi	3/1.0 (+1)	1,056 (-13%)	3mo	$183,000	$173	57
4311 Longwood Ave	0.69mi	3/1.0 (+1)	1,131 (-7%)	0mo	$210,000	$186	51
6312 W 54th St	0.53mi	3/2.0 (+1)	1,105 (-9%)	2mo	$209,900	$190	50
5905 Regency Dr	0.70mi	3/1.5 (+1)	1,153 (-5%)	4mo	$255,000	$221	48
3640 Hetzel Dr	0.74mi	3/2.0 (+1)	1,144 (-6%)	4mo	$266,700	$233	43
3415 Center Dr	0.71mi	2/1.0	1,048 (-14%)	1mo	$165,000	$157	43
3440 Winthrop Dr	0.59mi	3/1.5 (+1)	1,060 (-13%)	3mo	$195,000	$184	42
6924 Day Dr	0.72mi	3/2.0 (+1)	1,064 (-12%)	2mo	$275,000	$258	35

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: -3.7%
• Equity multiple: 0.85×
• Total profit: $-6,151
• Equity at exit: $22,351

10-year hold

• IRR: 11.4%
• Equity multiple: 2.12×
• Total profit: $46,943
• Equity at exit: $12,961

Cash invested: $41,972 (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 44134

• Rents YoY: 10.6%
• Active inventory: 121
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,661 high
• Mortgage (P&I): −$786
• Tax from tax record: −$318 /mo · $3,821/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $145

Break-even live

Break-even rent $1,477

Max offer price $149,900

Occupancy floor 86%

Sensitivity live

Price	-10% $230	-5% $188	+0% $145	+5% $103	+10% $60
Rent	-10% $14	-5% $80	+0% $145	+5% $211	+10% $277
Rate	-1.0pp $221	-0.5pp $183	base $145	+0.5pp $106	+1.0pp $67

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5080 Whispering Oaks BLVD Parma, OH	3.0	2.0	1332	$1,799	$1.35	13d	1	0.26mi
6841 Day Dr Cleveland, OH	1.0–3.0	1.0–1.5	862	$1,218	$1.41	3d	5	0.63mi
3415 Center Dr Cleveland, OH	3.0	1.0	1048	$1,995	$1.90	2d	1	0.71mi
6403 Ridge Rd Cleveland, OH	2.0	2.0	1110	$1,450	$1.31	17d	1	0.86mi
7903 Ackley Rd Unit 7903 Parma, OH	3.0	1.0	1100	$1,600	$1.45	44d	1	1.14mi
6099 Ridge Rd Cleveland, OH	2.0	1.0	1020	$1,200	$1.18	22d	1	1.16mi
8310 Salisbury Dr Cleveland, OH	3.0	2.0	1088	$1,950	$1.79	8d	1	1.24mi
6236 Westminster Dr Cleveland, OH	3.0	1.0	1131	$1,700	$1.50	15d	1	1.45mi
6505 Snow Rd Unit REAR Parma, OH	3.0	1.5	1312	$1,599	$1.22	8d	1	1.45mi
6871 Ames Rd Cleveland, OH	1.0–2.0	1.0	739	$1,461	$1.98	4d	22	1.48mi

Listing history 7 events

1. 2026-06-18
   status $149,900 Pending 6 DOM
2. 2026-06-18
   days on market $149,900 Active 6 DOM
3. 2026-06-17
   days on market $149,900 Active 5 DOM
4. 2026-06-16
   days on market $149,900 Active 4 DOM
5. 2026-06-15
   days on market $149,900 Active 3 DOM
6. 2026-06-13
   remarks 639-char remark
7. 2026-06-13
   listed $149,900 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: $3,821 · $318/mo
• Projected year-2 tax: $3,821 · $318/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 2/10 Low 7 d/yr ≥94°F today · 16 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: $19,933
• − Mortgage interest: −$8,397
• − Property taxes: −$3,821
• − Insurance: −$750
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − Depreciation: −$4,361
• Taxable loss: −$584
• Est. tax savings @ 24.0%: +$140
• After-tax cash flow: $1,884/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: Parma City
• NCES district ID: 3904463
• Math proficiency: 43% ▼ -18.00%
• Reading proficiency: 52% ▼ -10.00%
• Median HH income: $50,371
• Composite: 40.72/100
• National rank: #3662
• State rank: #469 of 656 in OH

Livability — Parma

• Score: 82/100
• State rank: #84
• US rank: #1232

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parma, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 66,574
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 37,774
• Household income: $68,625
• Rent vs Own: 22.4% rent · 77.6% own
• Severe rent burden: 668.0

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: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Hispanic / Latino 5% Black 3% Asian 3%
• Common ancestry: Romanian 14% Subsaharan African 6% Slovak 1%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 84% English-only · Russian/Polish/Slavic 7% Spanish 3% Other Indo-European 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: ▼ -215.17%
• Current HPI: 184.0553
• Rent YoY: ▲ 10.56%
• 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

+87.6% since first listed

6 events — show timeline

• 2026-06-12 Listed $149,900 MLSNOW
• 2017-09-06 Pending — MLSNOW
• 2017-08-31 Sold (Public Records) $68,000 Public Records
• 2017-08-31 Sold (MLS) $68,000 MLSNOW
• 2017-08-09 Contingent — MLSNOW
• 2017-07-31 Listed $79,900 MLSNOW

Property tax history

+7.4%/yr

Latest (2025): $3,821 · +10.1% YoY. Source: county tax records.