295 E 238th St · Euclid, OH 44123

$134,999

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 107 Days on market

Built 1999 9,147 sqft lot Est $155k · 13% 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 +19.6/30.0
• ARV discount +13.2/15.0
• DSCR +6.2/10.0
• 1% rule +5.8/10.0
• Livability +3.9/5.0
• Rent growth +3.8/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious & Charming Home W/ Enclosed Front Porch & 16x16 Deck & Fenced In Yard/Extra Rm Off Master/Newer Furnace C/A, Plumbing, Elec/Approx 8 Yrs Old Roof & Gutters/Value!

Key facts

• 9,147 sq ft lot
• Garage
• Built 1999

Property features AI

Exterior

• Parking: Detached paved garage (1-car)
• Utilities: Public water; Sewer not available
• Home design: Two-story home; Approximately 1,248 above-grade finished area
• Construction: Aluminum siding; Asphalt/fiberglass roof
• Exterior features: Deck; Enclosed porch; Patio; Porch

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: Two bedrooms on the second level; One main-level bedroom
• Bathrooms: Two full bathrooms; One main-level bathroom
• Heating & cooling: Central air conditioning; Forced air heating; Electric and gas heating available
• Interior features: Window treatments throughout
• Laundry & utility: Main-level laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $157 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.

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 (+5.3%/yr); 93 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 1,441 units permitted in Cuyahoga County in 2024 (700 in 5+ unit buildings).
• This rent runs 31% of the median local income ($56k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 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

• It's been on market 107 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 4 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 $65k; list at $135k implies a 108% gain — meaningful room to come down on a strong offer.

Recommended offer $122,849 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.08% ✓
• Cap rate: 7.68%
• Cash-on-cash: 4.97%
• DSCR: 1.22
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $154,752
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
328 E 238th St	0.07mi	3/1.0	1,178 (-6%)	2mo	$133,000	$113	86
24891 Zeman Ave	0.31mi	3/1.0	1,246 (-0%)	2mo	$155,000	$124	83
24791 Drakefield Ave	0.31mi	3/2.0	1,218 (-2%)	2mo	$202,500	$166	76
226 E 242nd St	0.21mi	3/1.5	1,344 (+8%)	1mo	$135,500	$101	75
23198 Gay St	0.42mi	4/1.5 (+1)	1,220 (-2%)	2mo	$155,000	$127	68
24251 Puritan Rd	0.53mi	3/1.0	1,200 (-4%)	1mo	$132,000	$110	68
599 E 250th St	0.48mi	3/1.5	1,316 (+5%)	1mo	$154,500	$117	66
23896 Devoe Ave	0.49mi	3/1.5	1,326 (+6%)	0mo	$184,000	$139	64
25401 Farringdon Ave	0.50mi	3/1.0	1,152 (-8%)	0mo	$186,000	$161	64
515 E 250th St	0.40mi	3/1.0	1,128 (-10%)	2mo	$125,000	$111	64
571 E 260th St	0.69mi	3/1.5	1,283 (+3%)	1mo	$155,000	$121	60
25731 Zeman Ave	0.59mi	3/1.5	1,155 (-8%)	2mo	$161,900	$140	57

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 · 5.28% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.78×
• Total profit: $-8,421
• Equity at exit: $20,129

10-year hold

• IRR: 6.5%
• Equity multiple: 1.54×
• Total profit: $20,476
• Equity at exit: $11,672

Cash invested: $37,800 (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 44123

• Home prices YoY: -25.0%
• Rents YoY: 5.3%
• Active inventory: 93
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,460 high
• Mortgage (P&I): −$708
• Tax from tax record: −$232 /mo · $2,789/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $157

Break-even live

Break-even rent $1,262

Max offer price $134,999

Occupancy floor 84%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
270 E 244th St Euclid, OH	1.0–2.0	1.0	702	$950	$1.35	21d	3	0.25mi
300 E 246th St Euclid, OH	3.0	1.0	1116	$1,864	$1.67	43d	1	0.27mi
23307 Williams Ave Euclid, OH	4.0	1.0	1220	$1,700	$1.39	23d	1	0.27mi
368 E 248th St Euclid, OH	3.0	1.0	1440	$1,395	$0.97	43d	1	0.27mi
23951 Lakeshore Blvd Euclid, OH	1.0–3.0	1.0–1.5	850	$1,168	$1.37	2d	7	0.32mi
101 E 238th St Euclid, OH	2.0	1.0	959	$1,400	$1.46	14d	1	0.33mi
374 E 232nd St Euclid, OH	3.0	1.0	1222	$1,995	$1.63	43d	1	0.35mi
24570 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0	925	$1,200	$1.30	43d	1	0.37mi
24453 Lakeshore Blvd Euclid, OH	1.0–2.0	1.0–2.0	781	$1,040	$1.33	1d	10	0.37mi
25301 Shoreview Ave Euclid, OH	3.0	2.0	1131	$1,499	$1.33	2d	1	0.44mi
25301 Shoreview Ave Euclid, OH	3.0	2.0	1131	$1,849	$1.63	14d	1	0.44mi
25291 Richards Ave Euclid, OH	4.0	1.0	1164	$1,850	$1.59	2d	1	0.50mi
23901 Puritan Rd Euclid, OH	3.0	1.0	1326	$1,595	$1.20	14d	1	0.53mi
24200 Puritan Rd Euclid, OH	3.0	1.0	1100	$1,199	$1.09	12d	1	0.55mi
24801 Lake Shore Blvd Euclid, OH	2.0	1.0	640	$1,075	$1.68	3d	8	0.57mi
655 E 240th St Euclid, OH	3.0	1.0	1341	$1,550	$1.16	43d	1	0.63mi
25311 Lakeshore Blvd Unit C14 Euclid, OH	2.0	1.0	925	$995	$1.08	43d	1	0.66mi
611 E 260th St Euclid, OH	3.0	1.0	875	$1,595	$1.82	43d	1	0.70mi
645 Babbitt Rd Euclid, OH	3.0	1.0	1200	$1,400	$1.17	12d	1	0.77mi
415 E 222nd St Unit 461-23 Euclid, OH	2.0	1.0	700	$875	$1.25	43d	1	0.79mi
25611 Lakeshore Blvd Unit F11 Euclid, OH	2.0	1.0	925	$995	$1.08	43d	1	0.80mi
26230 Briardale Ave Euclid, OH	3.0	2.0	1290	$1,600	$1.24	1d	1	0.80mi
26351 Farringdon Ave Euclid, OH	3.0	1.0	1257	$1,495	$1.19	1d	1	0.80mi
26450 Drakefield Ave Euclid, OH	4.0	1.5	1241	$1,700	$1.37	1d	1	0.86mi
21860 Roberts Ave Euclid, OH	3.0	1.0	1253	$1,450	$1.16	7d	1	0.90mi
797 Babbitt Rd #22 Euclid, OH	3.0	1.5	1360	$1,600	$1.18	43d	1	0.92mi
884 E 248th St Euclid, OH	3.0	2.0	1440	$1,699	$1.18	1d	1	0.94mi
521 E 222nd St Euclid, OH	2.0	1.0	800	$1,500	$1.88	23d	1	0.95mi
488 E 222nd St Unit Up Euclid, OH	2.0	1.0	900	$1,100	$1.22	21d	1	0.95mi
26200 S Lake Shr Euclid, OH	3.0	1.5	1305	$1,225	$0.94	7d	1	0.97mi
245 E 262nd St Euclid, OH	3.0	2.0	1226	$1,840	$1.50	1d	1	0.98mi
26900 Zeman Ave Euclid, OH	4.0	1.5	1241	$1,531	$1.23	19d	1	0.99mi
26900 Forestview Ave Euclid, OH	3.0	1.0	1098	$1,450	$1.32	1d	1	1.00mi
824 E 236th St Euclid, OH	3.0	2.0	1100	$1,720	$1.56	1d	1	1.10mi
27190 Zeman Ave Euclid, OH	4.0	1.0	1465	$1,800	$1.23	21d	1	1.10mi
21751 Priday Ave Euclid, OH	3.0	1.0	1174	$1,545	$1.32	21d	1	1.13mi
26611 Lakeshore Blvd Unit UP Euclid, OH	3.0	2.0	1400	$1,275	$0.91	20d	1	1.15mi
21251 S Lake Shore Blvd Euclid, OH	3.0	2.0	1246	$1,595	$1.28	43d	1	1.16mi
21000 Priday Ave Euclid, OH	3.0	1.0	1200	$1,300	$1.08	43d	1	1.31mi
27471 Forestview Ave Euclid, OH	3.0	1.0	1282	$1,495	$1.17	43d	1	1.31mi

Listing history 23 events

1. 2026-06-18
   days on market $134,999 Active 107 DOM
2. 2026-06-17
   days on market $134,999 Active 106 DOM
3. 2026-06-16
   days on market $134,999 Active 105 DOM
4. 2026-06-15
   days on market $134,999 Active 104 DOM
5. 2026-06-13
   days on market $134,999 Active 102 DOM
6. 2026-06-09
   days on market $134,999 Active 98 DOM
7. 2026-06-08
   days on market $134,999 Active 97 DOM
8. 2026-06-07
   days on market $134,999 Active 96 DOM
9. 2026-06-05
   days on market $134,999 Active 93 DOM
10. 2026-06-03
    days on market $134,999 Active 92 DOM
11. 2026-06-02
    days on market $134,999 Active 91 DOM
12. 2026-06-01
    days on market $134,999 Active 90 DOM
13. 2026-05-31
    days on market $134,999 Active 89 DOM
14. 2026-05-19
    status Active
15. 2026-04-30
    historical Contingent
16. 2026-04-22
    status Active
17. 2026-03-20
    historical Contingent
18. 2026-03-03
    listed $134,999 Active
19. 2021-10-27
    soldstatus $64,900
20. 1993-04-21
    soldstatus $60,000 195-char remark

    Show marketing remark (195 chars)

    Spacious & Charming Home W/ Enclosed Front Porch & 16x16 Deck & Fenced In Yard/Extra Rm Off Master/Newer Furnace C/A, Plumbing, Elec/Approx 8 Yrs Old Roof & Gutters/Value!

21. 1993-04-21
    soldstatus $60,000

    Show marketing remark (195 chars)

    Spacious & Charming Home W/ Enclosed Front Porch & 16x16 Deck & Fenced In Yard/Extra Rm Off Master/Newer Furnace C/A, Plumbing, Elec/Approx 8 Yrs Old Roof & Gutters/Value!

22. 1993-02-04
    listed $64,900 195-char remark

    Show marketing remark (195 chars)

    Spacious & Charming Home W/ Enclosed Front Porch & 16x16 Deck & Fenced In Yard/Extra Rm Off Master/Newer Furnace C/A, Plumbing, Elec/Approx 8 Yrs Old Roof & Gutters/Value!

23. 1982-10-26
    soldstatus $28,000

ⓘ 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: $2,789 · $232/mo
• Projected year-2 tax: $2,789 · $232/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: $17,516
• − Mortgage interest: −$7,562
• − Property taxes: −$2,789
• − Insurance: −$675
• − Repairs & maintenance: −$1,401
• − Management: −$1,401
• − Depreciation: −$3,927
• Taxable loss: −$240
• Est. tax savings @ 24.0%: +$58
• After-tax cash flow: $1,936/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): 18,050
• Household income: $55,676
• Rent vs Own: 54.6% rent · 45.4% own
• Severe rent burden: 1085.0

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 (65%)
• Race & ethnicity: Black 65% White 28% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Romanian 5%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Chinese 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: ▼ -62.82%
• Current HPI: 188.4932
• Rent YoY: ▲ 5.28%
• 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

+382.1% since first listed

10 events — show timeline

• 2026-05-19 Relisted — MLSNOW
• 2026-04-30 Contingent — MLSNOW
• 2026-04-22 Relisted — MLSNOW
• 2026-03-20 Contingent — MLSNOW
• 2026-03-03 Listed $134,999 MLSNOW
• 2021-10-27 Sold (Public Records) $64,900 Public Records
• 1993-04-21 Sold (Public Records) $60,000 Public Records
• 1993-04-21 Sold (MLS) $60,000 MLSNOW
• 1993-02-04 Listed $64,900 MLSNOW
• 1982-10-26 Sold (Public Records) $28,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $2,789 · -4.5% YoY. Source: county tax records.