18597 Stafford Dr · Strongsville, OH 44149

$339,900

3 bd · 1.5 ba · 1,944 sqft · SingleFamily public records · 6 Days on market

Built 1972 0.45 ac lot Est $323k · 5% over

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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
• Schools +6.7/10.0
• ARV discount +5.1/15.0
• Livability +4.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lovely Split Level Located On Nearly 1/2 Acre With Fenced Backyard * Newer Carpeting Throughout * Remodeled Kitchen With Island (Appliances Stay) * Family Room With Many Built-ins * Warm & Inviting Wbfp * (Family Rm Now Used As Master Bedroom-has Walk-in Closet & Lower Level Full Bath) * Newer Roof *

Key facts

• Awning covered patio
• Built-in island
• Custom built-ins

Tags

• SPLIT LEVEL HOME
• PARKFORD SUBDIVISION
• CUSTOM BUILT-INS
• AWNING COVERED PATIO
• BUILT-IN ISLAND
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $4k ($44k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($8k rent vs $340k).
• Cap rate 19.2% vs local median 3.2% in Strongsville — 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 88/100 on livability (#27 in OH, #243 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, employment A+; Watch: commute F.
• Strongsville City (suburban): math 73% / reading 79% proficiency, ranked #62 of 656 in OH (top 10%) — strong family-tenant draw, lease renewals of 3-5y typical; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Strongsville Middle School (math 70% / reading 76%, grade A, #105 of 654 statewide, top 17%, 1,270 students, 20% FRL); Strongsville High School (math 63% / reading 82%, grade B+, #87 of 781 statewide, top 11%, 1,844 students, 17% FRL) — zoned schools at 18% FRL track the district average.
• Market conditions: 121 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• At $7,500/mo this rent would consume 79% of the median local household income ($114k/yr) — 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 $2k of loan paydown is wiped out by about $10k 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 + 3.0% rent growth), your $95k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 33y 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 $165k; list at $340k implies a 106% gain — meaningful room to come down on a strong offer.

Recommended offer $339,900

Questions for the listing agent

1. Built in 1972 — 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 A-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?
4. 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.
5. 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.
6. 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: 2.21% ✓
• Cap rate: 19.20%
• Cash-on-cash: 46.11%
• DSCR: 3.05
• GRM: 3.8

CMA / ARV

• ARV (on-the-fly): $322,704
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18737 Evergreen Dr	0.26mi	4/2.0 (+1)	1,944 (0%)	7mo	$322,000	$166	75
8623 Oxford Dr	0.14mi	4/3.0 (+1)	2,160 (+11%)	21mo	$290,000	$134	46

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: 43.3%
• Equity multiple: 2.87×
• Total profit: $177,890
• Equity at exit: $50,680

10-year hold

• IRR: 49.4%
• Equity multiple: 5.78×
• Total profit: $455,064
• Equity at exit: $29,388

Cash invested: $95,172 (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 44149

• Active inventory: 121
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $7,500 medium
• Mortgage (P&I): −$1,782
• Tax from tax record: −$344 /mo · $4,131/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,575
• Net cashflow: $3,657

Break-even live

Break-even rent $2,871

Max offer price $339,900

Occupancy floor 46%

Sensitivity live

Price	-10% $3,849	-5% $3,753	+0% $3,657	+5% $3,561	+10% $3,464
Rent	-10% $3,064	-5% $3,361	+0% $3,657	+5% $3,953	+10% $4,249
Rate	-1.0pp $3,828	-0.5pp $3,743	base $3,657	+0.5pp $3,569	+1.0pp $3,479

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: $84,975
• Closing costs: $10,197
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8040 Strongsville Blvd Unit 1496063P Strongsville, OH	3.0	2.0	1980	$8,055	$4.07	22d	1	0.40mi
367 S Rocky River Dr Unit 1496132P Berea, OH	4.0	2.0	1765	$5,357	$3.04	9d	1	1.42mi

Listing history 5 events

1. 2026-06-21
   statusdays on market $339,900 Contingent 6 DOM
2. 2026-06-18
   days on market $339,900 Active 3 DOM
3. 2026-06-17
   days on market $339,900 Active 2 DOM
4. 2026-06-16
   remarks 687-char remark
5. 2026-06-16
   listed $339,900 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: $4,131 · $344/mo
• Projected year-2 tax: $4,717 · $393/mo
• Expected delta: +$586/yr (+$49/mo · 14.2%)

ⓘ 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 ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $90,003
• − Mortgage interest: −$19,040
• − Property taxes: −$4,131
• − Insurance: −$1,700
• − Repairs & maintenance: −$7,200
• − Management: −$7,200
• − Depreciation: −$9,888
• Taxable income: $40,844
• Est. tax owed @ 24.0%: −$9,803
• After-tax cash flow: $34,079/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: Strongsville City
• NCES district ID: 3904484
• Math proficiency: 73% ▼ -10.00%
• Reading proficiency: 79% ▼ -2.00%
• Median HH income: $78,206
• Composite: 67.02/100
• National rank: #395
• State rank: #62 of 656 in OH

Livability — Strongsville

• Score: 88/100
• State rank: #27
• US rank: #243

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Strongsville, OH
• County: Cuyahoga · 1,045,444 people
• City population: 46,110
• Metro: Cleveland, OH
• Population (ZIP): 21,042
• Household income: $114,107
• Rent vs Own: 5.7% rent · 94.3% own
• Severe rent burden: 2.7

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 (91%)
• Race & ethnicity: White 91% Asian 3% Two or more races 3% Hispanic / Latino 3% Black 1%
• Common ancestry: Romanian 11% Italian 2% Slovak 2%
• Foreign-born: 7% · Canada, China
• Languages at home: 92% English-only · Other Indo-European 2% Arabic 1% Russian/Polish/Slavic 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: ▼ -238.17%
• Current HPI: 196.9311
• 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

+372.1% since first listed

11 events — show timeline

• 2026-05-13 Listed $339,900 MLSNOW
• 2002-03-08 Sold (Public Records) $165,000 Public Records
• 2002-03-08 Sold (MLS) $165,000 MLSNOW
• 2002-02-28 Listing Removed — MLSNOW
• 2001-11-29 Listed $164,900 MLSNOW
• 1993-09-10 Sold (MLS) $122,000 MLSNOW
• 1993-09-02 Sold (Public Records) $122,000 Public Records
• 1993-06-28 Listed $123,900 MLSNOW
• 1982-12-17 Sold (Public Records) $62,000 Public Records
• 1979-11-21 Sold (Public Records) $70,000 Public Records
• 1978-06-01 Sold (Public Records) $72,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $4,131 · -0.0% YoY. Source: county tax records.