6456 Anita Dr · Parma Heights, OH 44130

$210,000

3 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 3 Days on market

Built 1956 8,276 sqft lot $197/sqft · 11% below area Est $235k · 11% under

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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).

• ARV discount +12.3/15.0
• Cash flow +10.9/30.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• 1% rule +3.5/10.0
• DSCR +3.2/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 6456 Anita Dr, nestled on a serene, well-kept street in Parma Heights! This charming ranch home greets you with a spacious living room featuring gorgeous hardwood floors and natural light streaming through a large picture window. Fresh paint and beautiful hardwood flooring continue throughout the main level, which offers 3 comfortable bedrooms and a full bath. One bedroom conveniently includes a washer and dryer setup, providing flexible living options. The galley-style eat-in kitchen comes equipped with a newer refrigerator and stove (2023/2024). Downstairs, you’ll find a full basement that is clean, dry, and enhanced with glass block windows—perfect for additional s

Key facts

• Full basement
• Glass block windows
• Covered patio

Tags

• HARDWOOD FLOORS
• WASHER AND DRYER SETUP
• GALLEY-STYLE EAT-IN KITCHEN
• FULL BASEMENT
• GLASS BLOCK WINDOWS
• COVERED PATIO

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-91 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $194k (7.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (14.5% below list).
• Recommended offer: $180k (14.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#362 in OH) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities D-, commute F.
• Parma City (suburban): math 43% / reading 52% proficiency, ranked #469 of 656 in OH (top 72%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Parma Park Elementary School (math 42% / reading 52%, grade D-, #942 of 1,584 statewide, top 61%, 244 students, 53% FRL); Greenbriar Middle School (math 39% / reading 50%, grade D, #477 of 654 statewide, top 74%, 800 students, 61% FRL); Valley Forge High School (math 32% / reading 44%, grade F, #560 of 781 statewide, top 72%, 1,409 students, 52% FRL).
• Market conditions: Rents rising (+2.7%/yr); 153 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 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 ($70k/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 $1k of loan paydown is wiped out by about $6k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $179,545 (14.5% 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. Built in 1956 — 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 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.85% ✗
• Cap rate: 5.78%
• Cash-on-cash: -1.85%
• DSCR: 0.92
• GRM: 9.7

CMA / ARV

• ARV (median comp): $234,974
• List price: $210,000
• Delta: -10.63%
• 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
6456 Anita Dr	0.00mi	3/1.0	1,064 (0%)	1mo	$220,000	$207	99
6469 Anita Dr	0.04mi	3/2.0	1,064 (0%)	1mo	$220,000	$207	94
6483 Fernhurst Ave	0.07mi	3/2.5	1,102 (+4%)	0mo	$280,000	$254	85
6568 Lawnwood Ave	0.27mi	3/2.0	1,064 (0%)	3mo	$267,000	$251	81
6369 Anita Dr	0.17mi	3/1.5	1,140 (+7%)	4mo	$225,000	$197	75
6333 W 130th St	0.28mi	3/2.0	1,031 (-3%)	3mo	$233,800	$227	75
6280 Mariana Dr	0.32mi	3/1.5	1,124 (+6%)	5mo	$265,000	$236	70
6657 Orchard Blvd	0.49mi	3/2.0	1,080 (+2%)	5mo	$215,000	$199	67
13375 Kathleen Dr	0.29mi	3/2.5	1,176 (+10%)	2mo	$256,000	$218	61
6788 Orchard Blvd	0.68mi	3/1.0	944 (-11%)	1mo	$241,500	$256	48
6750 Commonwealth Blvd	0.67mi	3/1.0	1,185 (+11%)	2mo	$223,500	$189	48
6833 Maplewood Rd	0.71mi	3/1.5	1,170 (+10%)	1mo	$220,000	$188	48

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 · 2.69% rent growth · sell at horizon

5-year hold

• IRR: -19.7%
• Equity multiple: 0.31×
• Total profit: $-40,294
• Equity at exit: $31,312

10-year hold

• IRR: -13.1%
• Equity multiple: 0.24×
• Total profit: $-44,538
• Equity at exit: $18,157

Cash invested: $58,800 (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 44130

• Rents YoY: 2.7%
• Active inventory: 153
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,795 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$320 /mo · $3,843/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $-91

Break-even live

Break-even rent $1,910

Max offer price $193,999

Occupancy floor —

Sensitivity live

Price	-10% $28	-5% $-31	+0% $-91	+5% $-150	+10% $-209
Rent	-10% $-232	-5% $-161	+0% $-91	+5% $-20	+10% $51
Rate	-1.0pp $15	-0.5pp $-37	base $-91	+0.5pp $-145	+1.0pp $-200

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6500 Beverly Dr Cleveland, OH	3.0	1.5	1341	$2,300	$1.72	25d	1	0.20mi
6536 Lawnwood Ave Unit 1496105P Parma Heights, OH	3.0	2.0	1087	$6,186	$5.69	3d	1	0.20mi
6558 Lawnwood Ave Cleveland, OH	3.0	2.0	1331	$2,100	$1.58	0d	1	0.23mi
6333 W 130th St Cleveland, OH	3.0	2.0	1020	$2,000	$1.96	45d	1	0.29mi
6771 Greenleaf Ave Unit 1496046P Parma Heights, OH	3.0	2.0	1323	$4,874	$3.68	3d	1	0.59mi
6340 Stumph Rd Cleveland, OH	1.0–2.0	1.0–1.5	730	$1,150	$1.58	45d	1	0.61mi
6240 Stumph Rd Parma Heights, OH	2.0	1.0	622	$1,310	$2.10	0d	10	0.62mi
6128 Stumph Rd Cleveland, OH	1.0–2.0	1.0–2.0	940	$1,854	$1.97	0d	8	0.79mi
6040 Stumph Rd Cleveland, OH	2.0–3.0	1.0–1.5	981	$1,140	$1.16	45d	1	0.89mi
6260 Pearl Rd Cleveland, OH	1.0–2.0	1.0–2.0	950	$1,465	$1.54	3d	17	0.94mi
6987 Greenleaf Ave Cleveland, OH	4.0	1.0	1250	$1,950	$1.56	0d	1	0.99mi
11540 Apache Dr Parma Heights, OH	2.0–3.0	1.0–2.0	1232	$2,070	$1.68	0d	22	1.00mi
7048 Oakwood Rd Cleveland, OH	3.0	1.0	1053	$1,900	$1.80	12d	1	1.08mi
7046 Greenleaf Ave Cleveland, OH	3.0	1.0	1200	$1,950	$1.62	45d	1	1.09mi
7085 W 130th St Cleveland, OH	2.0	2.0	1150	$1,440	$1.25	0d	6	1.13mi
7072 Oakwood Rd Cleveland, OH	3.0	1.0	1053	$1,800	$1.71	0d	1	1.13mi
6935 York Rd Parma Heights, OH	1.0–2.0	1.0	642	$1,055	$1.64	0d	11	1.41mi
5691 Chevrolet Blvd Parma, OH	1.0–2.0	1.0	700	$995	$1.42	45d	1	1.49mi

Listing history 2 events

1. 2026-05-03
   status Pending 1217-char remark
2. 2026-04-30
   listed $210,000 Active 1217-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: $3,843 · $320/mo
• Projected year-2 tax: $3,843 · $320/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 ≥95°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,545
• − Mortgage interest: −$11,763
• − Property taxes: −$3,843
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,724
• − Management: −$1,724
• − Depreciation: −$6,109
• Taxable loss: −$4,667
• Est. tax savings @ 24.0%: +$1,120
• After-tax cash flow: $33/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: Parma City
• NCES district ID: 3904463
• Math proficiency: 43% ▼ -18.00%
• Reading proficiency: 52% ▼ -10.00%
• Median HH income: $50,371
• Composite: 40.72/100
• National rank: #3662
• State rank: #469 of 656 in OH

Livability — Parma Heights

• Score: 72/100
• State rank: #362
• US rank: #5875

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parma Heights, OH
• County: Cuyahoga County · 1,090,369 people
• City population: 49,679
• Metro: Cleveland-Elyria, OH
• Population (ZIP): 49,679
• Household income: $69,655
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 1758.0

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: Predominantly White (78%)
• Race & ethnicity: White 78% Black 8% Hispanic / Latino 6% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 13% Lithuanian 2% Subsaharan African 2%
• Foreign-born: 10% · Canada, India
• Languages at home: 85% English-only · Other Indo-European 5% Spanish 3% Russian/Polish/Slavic 2%

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: ▼ -231.10%
• Current HPI: 188.8415
• Rent YoY: ▲ 2.69%
• 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

+4.8% since first listed

3 events — show timeline

• 2026-06-01 Sold (MLS) $220,000 MLSNOW
• 2026-05-03 Pending — MLSNOW
• 2026-04-30 Listed $210,000 MLSNOW

Property tax history

+6.2%/yr

Latest (2025): $3,843 · -5.7% YoY. Source: county tax records.