1268 Homestead Rd · South Euclid, OH 44121

$180,000

3 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 67 Days on market

Built 1946 6,076 sqft lot $165/sqft · at area comps Est $175k · at est.

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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 +14.6/30.0
• ARV discount +6.3/15.0
• 1% rule +4.6/10.0
• DSCR +4.4/10.0
• Livability +4.4/5.0
• Rent growth +4.2/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1268 Homestead Rd in South Euclid, a beautifully maintained home tucked away on a quiet, tree-lined street. From the moment you arrive, you’ll feel the warmth and charm this inviting property has to offer. Inside, you’ll find a bright and comfortable layout filled with natural light and classic character throughout. The main living areas flow effortlessly, creating the perfect space for both everyday living and entertaining. The kitchen offers plenty of cabinetry and workspace, making meal prep easy and enjoyable, while the adjoining dining area provides the perfect setting for gatherings with family and friends. Each bedroom is generously sized, offering comfort, versatility, and room to grow. Step outside to a spacious backyard—ideal for relaxing evenings, gardening, or hosting outdoor get-togethers. The basement offers great additional space along with the potential to add a second bathroom, providing even more value and functionality. Conveniently located near shopping, dining, parks, major highways, and public transportation, this home offers the perfect blend of peaceful suburban living with easy access to everything Northeast Ohio has to offer. Whether you’re a first-time homebuyer looking for the perfect place to call your own or an investor seeking a great addition to your portfolio, this property presents a fantastic opportunity. Don’t miss your chance to own in this desirable South Euclid neighborhood—schedule your private showing today!

Key facts

• Spacious backyard
• 6,076 sq ft lot
• Garage

Tags

• SPACIOUS BACKYARD
• POTENTIAL TO ADD BATHROOM

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $42 ($508/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (3.6% below list).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 88/100 on livability (#22 in OH, #207 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+.
• South Euclid-Lyndhurst City (suburban): math 23% / reading 45% proficiency, ranked #556 of 656 in OH (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rowland Elementary School (math 27% / reading 32%, grade F, #1,158 of 1,584 statewide, top 75%, 434 students, 50% FRL); Memorial Junior High School (math 19% / reading 45%, grade F, #559 of 654 statewide, top 87%, 497 students, 51% FRL); Brush High School (math 32% / reading 47%, grade F, #528 of 781 statewide, top 71%, 1,041 students, 44% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents rising fast (+6.8%/yr); 150 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $5k 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 67 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 16y 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 $95k; list at $180k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $169,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.96% ✗
• Cap rate: 6.58%
• Cash-on-cash: 1.01%
• DSCR: 1.04
• GRM: 8.6

CMA / ARV

• ARV (median comp): $175,442
• List price: $180,000
• Delta: 2.60%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1073 Argonne Rd	0.41mi	3/1.0	1,088 (-0%)	1mo	$185,000	$170	79
1400 Francis Ct	0.27mi	3/2.0	1,131 (+4%)	6mo	$175,000	$155	72
4410 Lucille Ave	0.33mi	3/1.0	1,175 (+8%)	2mo	$169,000	$144	71
1268 Avondale Rd	0.24mi	3/1.5	1,176 (+8%)	5mo	$167,930	$143	70
4406 Elmwood Rd	0.30mi	3/1.0	1,170 (+7%)	8mo	$138,500	$118	68
1114 Homestead Rd	0.30mi	3/2.0	1,204 (+10%)	1mo	$211,000	$175	64
1362 Villa Dr	0.25mi	3/2.0	1,225 (+12%)	0mo	$150,000	$122	64
4322 Tamalga Dr	0.13mi	2/1.5 (-1)	1,236 (+13%)	2mo	$190,000	$154	64
1212 Argonne Rd	0.22mi	4/1.5 (+1)	1,200 (+10%)	5mo	$132,000	$110	62
4365 Adrian Rd	0.41mi	3/2.0	1,204 (+10%)	2mo	$136,200	$113	58
1343 Victory Dr	0.36mi	3/1.5	1,224 (+12%)	4mo	$119,500	$98	57
1356 Plainfield Rd	0.44mi	2/1.0 (-1)	1,180 (+8%)	7mo	$135,000	$114	55

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 · 6.85% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.61×
• Total profit: $-19,414
• Equity at exit: $26,839

10-year hold

• IRR: 4.1%
• Equity multiple: 1.36×
• Total profit: $17,892
• Equity at exit: $15,563

Cash invested: $50,400 (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 44121

• Rents YoY: 6.8%
• Active inventory: 150
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,735 high
• Mortgage (P&I): −$944
• Tax from tax record: −$309 /mo · $3,712/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $42

Break-even live

Break-even rent $1,681

Max offer price $180,000

Occupancy floor 93%

Sensitivity live

Price	-10% $144	-5% $93	+0% $42	+5% $-9	+10% $-60
Rent	-10% $-95	-5% $-26	+0% $42	+5% $111	+10% $179
Rate	-1.0pp $133	-0.5pp $88	base $42	+0.5pp $-4	+1.0pp $-52

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1405 Villa Dr Cleveland, OH	4.0	1.5	1480	$1,790	$1.21	18d	1	0.27mi
1344 S Green Rd Cleveland, OH	3.0	1.0	1076	$1,150	$1.07	18d	1	0.39mi
1462 Felton Rd Cleveland, OH	3.0	1.0	1222	$1,500	$1.23	18d	1	0.42mi
1478 Sherbrook Rd Cleveland, OH	3.0	1.0	1170	$1,195	$1.02	45d	1	0.54mi
2868 Noble Rd Cleveland, OH	3.0	1.5	1200	$1,600	$1.33	0d	1	0.64mi
1599 Felton Rd Cleveland, OH	3.0	1.5	1248	$1,650	$1.32	45d	1	0.64mi
2868 Noble Rd Unit 16 Cleveland Heights, OH	3.0	1.5	1200	$1,750	$1.46	3d	1	0.65mi
1497 S Noble Rd Cleveland, OH	4.0	1.0	1250	$2,650	$2.12	0d	1	0.73mi
3924 Orchard Rd Cleveland, OH	3.0	1.0	1407	$1,995	$1.42	0d	1	0.73mi
2657 Noble Rd Cleveland, OH	2.0	1.0	850	$975	$1.15	21d	1	0.80mi
3810 Parkdale Rd Cleveland, OH	3.0	1.5	1281	$2,067	$1.61	4d	1	0.84mi
1462 Parkhill Rd Cleveland, OH	4.0	1.0	1451	$1,950	$1.34	0d	1	0.90mi
4166 Ellison Rd Cleveland, OH	3.0	2.0	1131	$1,695	$1.50	5d	1	0.91mi
3755 Mayfield Rd Cleveland Heights, OH	1.0–2.0	1.0	800	$1,175	$1.47	25d	1	0.96mi
4241 Bayard Rd Cleveland, OH	3.0	2.0	1350	$1,995	$1.48	25d	1	1.03mi
1584 Maple Rd Cleveland, OH	3.0	2.0	1359	$1,700	$1.25	25d	1	1.08mi
2481 Noble Rd Cleveland, OH	1.0–2.0	1.0	785	$950	$1.21	18d	5	1.16mi
303 S Green Rd Cleveland, OH	4.0	2.0	1381	$1,700	$1.23	3d	1	1.29mi
3830 Berkeley Rd Cleveland, OH	3.0	1.5	1318	$1,800	$1.37	25d	1	1.32mi
994 Yellowstone Rd Cleveland, OH	3.0	2.0	1475	$1,395	$0.95	4d	1	1.33mi
4055 Verona Rd Unit 1496083P South Euclid, OH	3.0	3.0	1065	$5,069	$4.76	16d	1	1.33mi
4070 Wyncote Rd Cleveland, OH	3.0	2.0	1233	$1,749	$1.42	4d	1	1.41mi
4994 N Sedgewick Rd Cleveland, OH	3.0	1.5	1400	$3,000	$2.14	45d	1	1.42mi
1035 Elbon Rd Cleveland, OH	4.0	1.5	1304	$1,675	$1.28	18d	1	1.44mi
1007 Elbon Rd Cleveland, OH	3.0	1.0	1386	$1,400	$1.01	12d	1	1.46mi
1099 Woodview Rd Cleveland, OH	4.0	1.0	1500	$2,500	$1.67	0d	1	1.47mi
3722 Bainbridge Rd Cleveland, OH	3.0	1.5	1326	$4,500	$3.39	25d	1	1.49mi

Listing history 28 events

1. 2026-06-21
   days on market $180,000 Active 67 DOM
2. 2026-06-18
   days on market $180,000 Active 64 DOM
3. 2026-06-17
   days on market $180,000 Active 63 DOM
4. 2026-06-16
   days on market $180,000 Active 62 DOM
5. 2026-06-15
   days on market $180,000 Active 61 DOM
6. 2026-06-13
   days on market $180,000 Active 59 DOM
7. 2026-06-13
   days on market $180,000 Active 58 DOM
8. 2026-06-09
   days on market $180,000 Active 55 DOM
9. 2026-06-08
   days on market $180,000 Active 54 DOM
10. 2026-06-07
    days on market $180,000 Active 53 DOM
11. 2026-06-05
    days on market $180,000 Active 50 DOM
12. 2026-06-03
    days on market $180,000 Active 49 DOM
13. 2026-06-02
    days on market $180,000 Active 48 DOM
14. 2026-06-01
    days on market $180,000 Active 47 DOM
15. 2026-05-31
    days on market $180,000 Active 46 DOM
16. 2026-04-15
    listed $180,000 Active 1519-char remark

    Show marketing remark (1519 chars)

    Welcome to 1268 Homestead Rd in South Euclid, a beautifully maintained home tucked away on a quiet, tree-lined street. From the moment you arrive, you’ll feel the warmth and charm this inviting property has to offer. Inside, you’ll find a bright and comfortable layout filled with natural light and classic character throughout. The main living areas flow effortlessly, creating the perfect space for both everyday living and entertaining. The kitchen offers plenty of cabinetry and workspace, making meal prep easy and enjoyable, while the adjoining dining area provides the perfect setting for gatherings with family and friends. Each bedroom is generously sized, offering comfort, versatility, and room to grow. Step outside to a spacious backyard—ideal for relaxing evenings, gardening, or hosting outdoor get-togethers. The basement offers great additional space along with the potential to add a second bathroom, providing even more value and functionality. Conveniently located near shopping, dining, parks, major highways, and public transportation, this home offers the perfect blend of peaceful suburban living with easy access to everything Northeast Ohio has to offer. Whether you’re a first-time homebuyer looking for the perfect place to call your own or an investor seeking a great addition to your portfolio, this property presents a fantastic opportunity. Don’t miss your chance to own in this desirable South Euclid neighborhood—schedule your private showing today!

17. 2026-04-10
    historical
18. 2026-02-23
    historical Contingent
19. 2026-02-18
    price $159,999
20. 2026-02-04
    listed $180,000 Active
21. 2012-06-20
    soldstatus $95,000
22. 2011-12-30
    listed $112,900
23. 2011-08-23
    soldstatus $26,200
24. 2011-02-23
    listed $27,900
25. 2010-07-09
    historical
26. 2010-01-15
    listed $44,900
27. 1989-10-16
    soldstatus $67,475
28. 1987-06-30
    soldstatus $55,000

ⓘ 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: $3,712 · $309/mo
• Projected year-2 tax: $3,712 · $309/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,819
• − Mortgage interest: −$10,083
• − Property taxes: −$3,712
• − Insurance: −$900
• − Repairs & maintenance: −$1,666
• − Management: −$1,666
• − Depreciation: −$5,236
• Taxable loss: −$2,443
• Est. tax savings @ 24.0%: +$586
• After-tax cash flow: $1,094/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: South Euclid-Lyndhurst City
• NCES district ID: 3904479
• Math proficiency: 23% ▼ -22.00%
• Reading proficiency: 45% ▼ -11.00%
• Median HH income: $61,244
• Composite: 30.51/100
• National rank: #6212
• State rank: #556 of 656 in OH

Livability — South Euclid

• Score: 88/100
• State rank: #22
• US rank: #207

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Euclid, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 32,668
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 32,312
• Household income: $76,767
• Rent vs Own: 25.5% rent · 74.5% own
• Severe rent burden: 672.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 55% White 36% Two or more races 4% Hispanic / Latino 3% Asian 2%
• Common ancestry: Romanian 3% Italian 2% Scotch-Irish 2%
• Foreign-born: 5% · Canada, China, India
• Languages at home: 92% English-only · Spanish 2% Chinese 1% Other Indo-European 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: ▼ -180.15%
• Current HPI: 173.7405
• Rent YoY: ▲ 6.85%
• 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

+227.3% since first listed

13 events — show timeline

• 2026-04-15 Listed $180,000 MLSNOW
• 2026-04-10 Listing Removed — MLSNOW
• 2026-02-23 Contingent — MLSNOW
• 2026-02-18 Price Changed $159,999 MLSNOW
• 2026-02-04 Listed $180,000 MLSNOW
• 2012-06-20 Sold (MLS) $95,000 MLSNOW
• 2011-12-30 Listed $112,900 MLSNOW
• 2011-08-23 Sold (MLS) $26,200 MLSNOW
• 2011-02-23 Listed $27,900 MLSNOW
• 2010-07-09 Listing Removed — MLSNOW
• 2010-01-15 Listed $44,900 MLSNOW
• 1989-10-16 Sold (Public Records) $67,475 Public Records
• 1987-06-30 Sold (Public Records) $55,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $3,712 · +10.0% YoY. Source: county tax records.