200 Granger Rd #11 · Medina, OH 44256

$139,500

2 bd · 1.5 ba · 1,440 sqft · Condo public records · 47 Days on market

Built 1968 $485/mo HOA · 28% of rent

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Why this score? — see what drove the D+ 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 +10.5/30.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Schools +7.2/10.0
• Livability +3.8/5.0
• Rent growth +3.5/5.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Situated in the front of Granger Lake Condos this end unit townhome has easy lake access. The association offers lake access, walking trails, meeting room and more. The association fully maintains the exterior of the home, the landscaping, snow removal, street maintenance, trash, sewer and water for each home. Get ready to move right into this condo with all new HVAC and hot water tank! Close to Rt 18 with easy access to 71 or 77, centrally located within the Highland District. This home is waiting for your personal touch. Move in and make it your own.

Key facts

• Conveniently located
• Walking trails
• $485 HOA

Tags

• WALKING TRAILS
• DIRECT LAKE ENJOYMENT
• LOW MAINTENANCE LIVING
• CONVENIENTLY LOCATED

Property features AI

Finance

• Financial info: Pets allowed: cats and dogs
• HOA & community: Monthly association fee of $485; Association covers management, grounds & structure maintenance, recreation facilities, reserve fund, sewer, snow removal, trash, and water; Community features include a lake

Exterior

• Parking: Attached garage (1 car); Carport (1 car); Parking is attached and garage-style
• Utilities: Public water; Public sewer
• Home design: Attached property; 2 stories; Entry level: 1; Has a view
• Construction: Brick construction; Shake roof; Built per public records
• Exterior features: Patio; Lakefront location / waterfront frontage

Interior

• Kitchen: Kitchen on first level (9 x 9, linoleum)
• Bedrooms: Bedroom on second level (14 x 11, carpet); Bedroom on second level (15 x 12, carpet)
• Flooring: Carpet in bedrooms; Linoleum in kitchen; Slate in dining room; Concrete in living room
• Bathrooms: 1 full bathroom; 1 half bathroom; Main level bathroom available
• Heating & cooling: Forced air heating (gas); Central air conditioning; Fireplace provides supplemental heat
• Interior features: Fireplace (wood burning); Unit has a view
• Laundry & utility: In-unit laundry on upper level

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $140k.

Deal economics

• At list price, monthly cash flow is $-72 ($-862/yr) — negative.
• To cash-flow at today's rent, offer at most $127k (9.1% below list).
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $127k (9.1% below list) — sets the bar for cash-flow.
• Cap rate 5.7% vs local median 2.9% in Medina — 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 76/100 on livability (#209 in OH, #3,302 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Highland Local (rural): math 77% / reading 85% proficiency, ranked #34 of 656 in OH (top 5%) — strong family-tenant draw, lease renewals of 3-5y typical; only 7% free/reduced lunch — higher-income household profile.
• Zoned schools: Granger Elementary School (math 89% / reading 86%, grade A+, #41 of 1,584 statewide, top 3%, 513 students, 8% FRL); Highland Middle School (math 67% / reading 83%, grade A, #83 of 654 statewide, top 13%, 769 students, 6% FRL); Highland High School (math 74% / reading 88%, grade A, #28 of 781 statewide, top 4%, 1,028 students, 5% FRL) — zoned schools at 6% FRL track the district average.
• Market conditions: Rents rising fast (+4.2%/yr); 369 active listings in the ZIP; solid renter incomes; 471 units permitted in Medina County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $964 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 31y 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 $79k; list at $140k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.

Recommended offer $126,806 (9.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 5.67%
• Cash-on-cash: -2.21%
• DSCR: 0.90
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.16% rent growth · sell at horizon

5-year hold

• IRR: -17.7%
• Equity multiple: 0.36×
• Total profit: $-24,850
• Equity at exit: $20,800

10-year hold

• IRR: -6.6%
• Equity multiple: 0.54×
• Total profit: $-17,776
• Equity at exit: $12,061

Cash invested: $39,060 (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 44256

• Rents YoY: 4.2%
• Active inventory: 369
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,713 medium
• Mortgage (P&I): −$732
• Tax from tax record: −$151 /mo · $1,808/yr
• Insurance: −$58
• HOA: −$485
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $-72

Break-even live

Break-even rent $1,804

Max offer price $126,806

Occupancy floor 99%

Sensitivity live

Price	-10% $7	-5% $-32	+0% $-72	+5% $-111	+10% $-151
Rent	-10% $-207	-5% $-140	+0% $-72	+5% $-4	+10% $63
Rate	-1.0pp $-2	-0.5pp $-36	base $-72	+0.5pp $-108	+1.0pp $-145

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: $34,875
• Closing costs: $4,185
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $485 · $5,820/yr
• Likely covers: watersewertrashlandscapingsnow removal
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-05-04
   status Pending
2. 2026-03-25
   historical Contingent
3. 2026-03-18
   listed $139,500 Active
4. 2019-09-13
   soldstatus $79,000 Closed 558-char remark

   Show marketing remark (558 chars)

   Situated in the front of Granger Lake Condos this end unit townhome has easy lake access. The association offers lake access, walking trails, meeting room and more. The association fully maintains the exterior of the home, the landscaping, snow removal, street maintenance, trash, sewer and water for each home. Get ready to move right into this condo with all new HVAC and hot water tank! Close to Rt 18 with easy access to 71 or 77, centrally located within the Highland District. This home is waiting for your personal touch. Move in and make it your own.

5. 2019-09-13
   soldstatus $79,000

   Show marketing remark (558 chars)

   Situated in the front of Granger Lake Condos this end unit townhome has easy lake access. The association offers lake access, walking trails, meeting room and more. The association fully maintains the exterior of the home, the landscaping, snow removal, street maintenance, trash, sewer and water for each home. Get ready to move right into this condo with all new HVAC and hot water tank! Close to Rt 18 with easy access to 71 or 77, centrally located within the Highland District. This home is waiting for your personal touch. Move in and make it your own.

6. 2019-07-28
   status Pending 558-char remark

   Show marketing remark (558 chars)

   Situated in the front of Granger Lake Condos this end unit townhome has easy lake access. The association offers lake access, walking trails, meeting room and more. The association fully maintains the exterior of the home, the landscaping, snow removal, street maintenance, trash, sewer and water for each home. Get ready to move right into this condo with all new HVAC and hot water tank! Close to Rt 18 with easy access to 71 or 77, centrally located within the Highland District. This home is waiting for your personal touch. Move in and make it your own.

7. 2019-07-19
   historical Contingent 558-char remark

   Show marketing remark (558 chars)

   Situated in the front of Granger Lake Condos this end unit townhome has easy lake access. The association offers lake access, walking trails, meeting room and more. The association fully maintains the exterior of the home, the landscaping, snow removal, street maintenance, trash, sewer and water for each home. Get ready to move right into this condo with all new HVAC and hot water tank! Close to Rt 18 with easy access to 71 or 77, centrally located within the Highland District. This home is waiting for your personal touch. Move in and make it your own.

8. 2019-07-08
   status Active 558-char remark

   Show marketing remark (558 chars)

   Situated in the front of Granger Lake Condos this end unit townhome has easy lake access. The association offers lake access, walking trails, meeting room and more. The association fully maintains the exterior of the home, the landscaping, snow removal, street maintenance, trash, sewer and water for each home. Get ready to move right into this condo with all new HVAC and hot water tank! Close to Rt 18 with easy access to 71 or 77, centrally located within the Highland District. This home is waiting for your personal touch. Move in and make it your own.

9. 2019-06-25
   historical Contingent 558-char remark

   Show marketing remark (558 chars)

   Situated in the front of Granger Lake Condos this end unit townhome has easy lake access. The association offers lake access, walking trails, meeting room and more. The association fully maintains the exterior of the home, the landscaping, snow removal, street maintenance, trash, sewer and water for each home. Get ready to move right into this condo with all new HVAC and hot water tank! Close to Rt 18 with easy access to 71 or 77, centrally located within the Highland District. This home is waiting for your personal touch. Move in and make it your own.

10. 2019-06-14
    listed $79,000 Active 558-char remark

    Show marketing remark (558 chars)

    Situated in the front of Granger Lake Condos this end unit townhome has easy lake access. The association offers lake access, walking trails, meeting room and more. The association fully maintains the exterior of the home, the landscaping, snow removal, street maintenance, trash, sewer and water for each home. Get ready to move right into this condo with all new HVAC and hot water tank! Close to Rt 18 with easy access to 71 or 77, centrally located within the Highland District. This home is waiting for your personal touch. Move in and make it your own.

11. 2002-08-02
    soldstatus $100,000
12. 2002-06-27
    listed $105,000
13. 1996-03-26
    soldstatus $73,500
14. 1996-03-25
    soldstatus $73,500
15. 1995-12-04
    listed $75,900
16. 1991-07-30
    soldstatus $67,000
17. 1987-10-02
    soldstatus $63,000

ⓘ 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: $1,808 · $151/mo
• Projected year-2 tax: $1,992 · $166/mo
• Expected delta: +$184/yr (+$15/mo · 10.2%)

ⓘ 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 2/10 Low 7 d/yr ≥97°F today · 17 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: $20,560
• − Mortgage interest: −$7,814
• − Property taxes: −$1,808
• − Insurance: −$698
• − Repairs & maintenance: −$1,645
• − Management: −$1,645
• − HOA: −$5,820
• − Depreciation: −$4,058
• Taxable loss: −$2,928
• Est. tax savings @ 24.0%: +$703
• After-tax cash flow: $-160/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: Highland Local
• NCES district ID: 3904849
• Math proficiency: 77% ▼ -11.00%
• Reading proficiency: 85% ▼ -5.00%
• Median HH income: $86,765
• Composite: 71.97/100
• National rank: #211
• State rank: #34 of 656 in OH

Livability — Medina

• Score: 76/100
• State rank: #209
• US rank: #3302

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Medina County · 145,517 people
• City population: 64,924
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 64,924
• Household income: $99,923
• Rent vs Own: 18.5% rent · 81.5% own
• Severe rent burden: 919.0

Population outlook (Medina County) Hauer SSP2

• Today (2025): 185,249 people
• By 2030: 188,174 · +1.6%
• By 2040: 190,350 · +2.8%
• By 2050: 187,283 · +1.1%
• By 2075: 177,108 · -4.4%
• By 2100: 151,304 · -18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 3% Black 2%
• Common ancestry: Romanian 9% Italian 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Russian/Polish/Slavic 1% Other Indo-European 1%

Political lean MEDSL · Medina

• 2024 margin: Strong R (+24.8) · D 37.2% · R 62.0%
• 2008→2024 swing: -16.8pp toward R · 2008: -8.0pp · 2024: -24.8pp
• All cycles: 2024: R+24.8 2020: R+23.4 2016: R+24.9 2012: R+13.1 2008: R+8.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -191.25%
• Current HPI: 257.2597
• Rent YoY: ▲ 4.16%
• 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

+121.4% since first listed

17 events — show timeline

• 2026-05-04 Pending — MLSNOW
• 2026-03-25 Contingent — MLSNOW
• 2026-03-18 Listed $139,500 MLSNOW
• 2019-09-13 Sold (Public Records) $79,000 Public Records
• 2019-09-13 Sold (MLS) $79,000 MLSNOW
• 2019-07-28 Pending — MLSNOW
• 2019-07-19 Contingent — MLSNOW
• 2019-07-08 Relisted — MLSNOW
• 2019-06-25 Contingent — MLSNOW
• 2019-06-14 Listed $79,000 MLSNOW
• 2002-08-02 Sold (Public Records) $100,000 Public Records
• 2002-06-27 Listed $105,000 MLSNOW
• 1996-03-26 Sold (MLS) $73,500 MLSNOW
• 1996-03-25 Sold (Public Records) $73,500 Public Records
• 1995-12-04 Listed $75,900 MLSNOW
• 1991-07-30 Sold (Public Records) $67,000 Public Records
• 1987-10-02 Sold (Public Records) $63,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $1,808 · +25.5% YoY. Source: county tax records.