11826 N Marks Rd · Strongsville, OH 44028

$310,000

3 bd · 2.5 ba · 2,300 sqft · SingleFamily public records · 36 Days on market

Built 1965 1.38 ac lot $135/sqft · 31% below area Est $446k · 31% 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).

• ARV discount +15.0/15.0
• Cash flow +13.8/30.0
• Schools +5.5/10.0
• Livability +4.4/5.0
• DSCR +4.2/10.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This 4-bedroom, 2.5-bath, 2300 square foot Colonial in Columbia Station is full of potential and ready for your personal touch. Ideally located near the Cuyahoga County and Lorain County border, this home offers spacious living areas and endless possibilities for customization. The first floor features a welcoming entry and living room, formal dining room, oversized family room, sunroom with access to the deck, patio off the mudroom, and a convenient half bath. Upstairs, you’ll find three generously sized bedrooms, including a primary suite with its own private bath, plus an additional full bath for the remaining bedrooms. The fourth bedroom is charming and versatile — perfect f

Key facts

• Formal dining room
• Private bath
• Welcoming entry

Tags

• SPACIOUS LIVING AREAS
• WELCOMING ENTRY
• FORMAL DINING ROOM
• OVERSIZED FAMILY ROOM
• PATIO OFF THE MUDROOM
• PRIVATE BATH

Property features AI

Exterior

• Parking: Detached oversized garage; Paver block driveway; Deck (parking group listed a deck; may refer to exterior deck)
• Utilities: Public water; Public sewer
• Home design: Two-story home; Faces east
• Construction: Vinyl siding; Asbestos shingle roof; Built per public records (year built source: public records)
• Exterior features: Patio; Corner lot; Garage(s) and workshop on property

Interior

• Kitchen: Eat-in kitchen
• Bathrooms: Two full bathrooms; One half bathroom; One main-level bathroom
• Heating & cooling: Baseboard heating; Central air conditioning
• Interior features: Eat-in kitchen; Natural woodwork; Full basement with sump pump
• Laundry & utility: Laundry on lower level

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $26 ($317/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 $259k (16.5% below list).
• Recommended offer: $259k (16.5% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: schools A+, crime A+, amenities A+; Watch: commute F.
• Columbia Local (rural): math 55% / reading 71% proficiency, ranked #211 of 656 in OH (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 93 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,098 units permitted in Lorain County in 2024 (20 in 5+ unit buildings).
• This rent runs 36% of the median local income ($87k/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 $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($301k) is reasonable based on typical stale-listing flexibility.

Recommended offer $258,750 (16.5% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.83% ✗
• Cap rate: 6.40%
• Cash-on-cash: 0.37%
• DSCR: 1.02
• GRM: 10.0

CMA / ARV

• ARV (median comp): $446,236
• List price: $310,000
• Delta: -30.53%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10824 Watercress Rd	0.24mi	3/2.5	2,250 (-2%)	6mo	$371,500	$165	80
22522 Trillium Ct	0.61mi	3/2.5	2,294 (-0%)	3mo	$465,000	$203	69
22693 Melissa Ln	0.48mi	3/2.5	2,404 (+4%)	2mo	$349,900	$146	69
11549 Reserve Way	0.26mi	4/3.0 (+1)	2,098 (-9%)	2mo	$444,000	$212	65
10842 Fence Row Dr	0.30mi	4/2.5 (+1)	2,552 (+11%)	7mo	$455,000	$178	57
22137 Meadownorth Ct	0.55mi	3/2.5	2,062 (-10%)	1mo	$358,000	$174	56
23504 Celestine Way	0.75mi	4/2.5 (+1)	2,264 (-2%)	3mo	$473,000	$209	55
21648 Oak Bark Trl	0.71mi	2/2.0 (-1)	2,272 (-1%)	4mo	$295,000	$130	54
23567 Victory Ln	0.69mi	3/2.5	2,135 (-7%)	4mo	$459,000	$215	53
23688 Rebecca Ln	0.74mi	3/2.5	2,126 (-8%)	4mo	$450,000	$212	50
9989 Plum Brook Ln	0.63mi	3/2.0	2,062 (-10%)	6mo	$381,500	$185	47
9829 Plum Brook Ln	0.70mi	3/2.0	2,049 (-11%)	5mo	$350,000	$171	43

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: -15.7%
• Equity multiple: 0.44×
• Total profit: $-48,586
• Equity at exit: $46,222

10-year hold

• IRR: -7.3%
• Equity multiple: 0.54×
• Total profit: $-40,291
• Equity at exit: $26,803

Cash invested: $86,800 (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 44028

• Home prices YoY: -29.7%
• Active inventory: 93
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,588 medium
• Mortgage (P&I): −$1,626
• Tax from tax record: −$263 /mo · $3,154/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$543
• Net cashflow: $26

Break-even live

Break-even rent $2,554

Max offer price $310,000

Occupancy floor 94%

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: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22410 Rock Creek Cir Strongsville, OH	3.0	2.0	2103	$2,400	$1.14	2d	1	0.60mi
9790 Pebble Brook Ln Strongsville, OH	3.0	2.0	2785	$2,800	$1.01	19d	1	0.61mi

Listing history 15 events

1. 2026-06-18
   days on market $310,000 Active 36 DOM
2. 2026-06-17
   days on market $310,000 Active 35 DOM
3. 2026-06-16
   days on market $310,000 Active 34 DOM
4. 2026-06-15
   days on market $310,000 Active 33 DOM
5. 2026-06-13
   days on market $310,000 Active 31 DOM
6. 2026-06-12
   days on market $310,000 Active 30 DOM
7. 2026-06-09
   days on market $310,000 Active 27 DOM
8. 2026-06-08
   days on market $310,000 Active 26 DOM
9. 2026-06-08
   days on market $310,000 Active 25 DOM
10. 2026-06-05
    days on market $310,000 Active 23 DOM
11. 2026-06-04
    days on market $310,000 Active 21 DOM
12. 2026-06-02
    days on market $310,000 Active 20 DOM
13. 2026-06-01
    days on market $310,000 Active 19 DOM
14. 2026-05-31
    days on market $310,000 Active 18 DOM
15. 2026-05-13
    listed $310,000 Active 1125-char remark

ⓘ 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: $3,154 · $263/mo
• Projected year-2 tax: $3,995 · $333/mo
• Expected delta: +$841/yr (+$70/mo · 26.7%)

ⓘ 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: $31,050
• − Mortgage interest: −$17,365
• − Property taxes: −$3,154
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,484
• − Management: −$2,484
• − Depreciation: −$9,018
• Taxable loss: −$5,005
• Est. tax savings @ 24.0%: +$1,201
• After-tax cash flow: $1,519/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: Columbia Local
• NCES district ID: 3904814
• Math proficiency: 55% ▼ -22.00%
• Reading proficiency: 71% ▼ -5.00%
• Median HH income: $68,862
• Composite: 55.31/100
• National rank: #1261
• State rank: #211 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

• County: Lorain · 305,041 people
• City population: 46,110
• Metro: Cleveland, OH
• Population (ZIP): 9,313
• Household income: $86,991
• Rent vs Own: 8.9% rent · 91.1% own

Population outlook (Lorain County) Hauer SSP2

• Today (2025): 314,924 people
• By 2030: 317,546 · +0.8%
• By 2040: 317,962 · +1.0%
• By 2050: 312,872 · -0.7%
• By 2075: 301,806 · -4.2%
• By 2100: 278,271 · -11.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Romanian 8% Italian 1% Subsaharan African 1%
• Foreign-born: 3%
• Languages at home: 96% English-only · Arabic 1% Russian/Polish/Slavic 1% Spanish 1%

Political lean MEDSL · Lorain

• 2024 margin: Lean R (+5.7) · D 46.7% · R 52.4%
• 2008→2024 swing: -23.6pp toward R · 2008: 17.9pp · 2024: -5.7pp
• All cycles: 2024: R+5.7 2020: R+2.5 2016: R+0.3 2012: D+14.4 2008: D+17.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.16%
• Current HPI: 223.2008
• 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

1 event — show timeline

• 2026-05-13 Listed $310,000 MLSNOW

Property tax history

+0.7%/yr

Latest (2025): $3,154 · -6.4% YoY. Source: county tax records.