2574 South St · Lakemore, OH 44250

$139,900

3 bd · 1.0 ba · 1,016 sqft · SingleFamily public records · 4 Days on market

Built 1950 8,999 sqft lot

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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 +23.9/30.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• Appreciation +6.2/10.0
• 1% rule +6.1/10.0
• Schools +3.7/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Beautifully remodelled Bungalow with newer roof and updated electric, plumbing, drywall, Kitchen cabinets, bathroom fixtures, flooring, carpeting, glass block, some new windows. Freshly painted and landscaped. Ready to Move In!! Property includes two Parcels. 2nd parcel #54-01603

Key facts

• Main-level bedroom
• Extra-wide lot
• 8,999 sq ft lot

Tags

• MAIN-LEVEL BEDROOM
• UPDATED FULL BATHROOM
• DETACHED 2-CAR GARAGE
• EXTRA-WIDE LOT

Property features AI

Exterior

• Parking: 2-car garage; Driveway access; Garage has electricity
• Utilities: Public water service; Public sewer service
• Home design: Two-story home; Wood-sided exterior; Asphalt/fiberglass roof
• Construction: Wood siding construction; Asphalt/Fiberglass roof
• Exterior features: Public water; Public sewer

Interior

• Bedrooms: One main-level bedroom
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Central air conditioning; Forced-air gas heating
• Interior features: Full basement
• Laundry & utility: Laundry in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).

Location & tenants

• Location reads 73/100 on livability (#338 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, crime F, commute F.
• Springfield Local (suburban): math 40% / reading 46% proficiency, ranked #512 of 656 in OH (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Spring Hill Elementary (math 42% / reading 42%, grade F, #1,030 of 1,584 statewide, top 66%, 366 students, 66% FRL); Schrop Intermediate School (math 44% / reading 47%, grade D-, #980 of 1,584 statewide, top 62%, 521 students, 60% FRL); Springfield Junior/Senior High School (math 34% / reading 46%, grade F, #522 of 781 statewide, top 67%, 828 students, 52% FRL).
• Market conditions: 5 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($967 loan paydown + $3k appreciation (2.3% local appreciation)).
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (2.3% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 35y 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 $103k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $139,900

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.11% ✓
• Cap rate: 8.63%
• Cash-on-cash: 8.33%
• DSCR: 1.37
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.33% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.6%
• Equity multiple: 1.75×
• Total profit: $29,276
• Equity at exit: $57,678

10-year hold

• IRR: 16.0%
• Equity multiple: 3.20×
• Total profit: $86,270
• Equity at exit: $85,020

Cash invested: $39,172 (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 44250

• Home prices YoY: 1.3%
• Active inventory: 5
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,550 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$161 /mo · $1,927/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $272

Break-even live

Break-even rent $1,206

Max offer price $139,900

Occupancy floor 77%

Sensitivity live

Price	-10% $351	-5% $312	+0% $272	+5% $232	+10% $193
Rent	-10% $150	-5% $211	+0% $272	+5% $333	+10% $394
Rate	-1.0pp $342	-0.5pp $308	base $272	+0.5pp $236	+1.0pp $199

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
931 Crestline Dr Akron, OH	3.0	1.0	976	$1,550	$1.59	15d	1	1.37mi

Listing history 2 events

1. 2026-06-15
   remarks 651-char remark
2. 2026-06-15
   listed $139,900 Pending 4 DOM

ⓘ 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: $1,927 · $161/mo
• Projected year-2 tax: $2,055 · $171/mo
• Expected delta: +$128/yr (+$11/mo · 6.6%)

ⓘ 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 · 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: $18,600
• − Mortgage interest: −$7,837
• − Property taxes: −$1,927
• − Insurance: −$700
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$4,070
• Taxable income: $1,091
• Est. tax owed @ 24.0%: −$262
• After-tax cash flow: $3,002/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: Springfield Local
• NCES district ID: 3905006
• Math proficiency: 40% ▼ -16.00%
• Reading proficiency: 46% ▼ -12.00%
• Median HH income: $47,669
• Composite: 36.74/100
• National rank: #4588
• State rank: #512 of 656 in OH

Livability — Lakemore

• Score: 73/100
• State rank: #338
• US rank: #5542

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lakemore, OH
• City population: 30,280
• Population (ZIP): 1,604

Population outlook (Summit County) Hauer SSP2

• Today (2025): 546,583 people
• By 2030: 544,028 · -0.5%
• By 2040: 531,363 · -2.8%
• By 2050: 514,923 · -5.8%
• By 2075: 481,765 · -11.9%
• By 2100: 432,265 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Serbian 6% Slovak 4% Scotch-Irish 2%

Political lean MEDSL · Summit

• 2024 margin: Lean D (+7.0) · D 53.0% · R 46.0%
• 2008→2024 swing: -9.6pp toward R · 2008: 16.6pp · 2024: 7.0pp
• All cycles: 2024: D+7.0 2020: D+9.6 2016: D+8.2 2012: D+14.8 2008: D+16.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.33%
• Current HPI: 186.5812
• 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

+294.1% since first listed

13 events — show timeline

• 2026-05-12 Pending — MLSNOW
• 2026-05-07 Listed $139,900 MLSNOW
• 2005-03-03 Sold (Public Records) $102,800 Public Records
• 2005-03-02 Sold (MLS) $102,800 MLSNOW
• 2004-12-01 Listed $99,900 MLSNOW
• 2002-12-31 Listing Removed — MLSNOW
• 2002-02-08 Listed $52,000 MLSNOW
• 1992-08-11 Sold (Public Records) $44,000 Public Records
• 1992-04-24 Listing Removed — MLSNOW
• 1992-01-30 Listed $47,000 MLSNOW
• 1992-01-05 Listing Removed — MLSNOW
• 1991-10-16 Listed $41,900 MLSNOW
• 1988-09-19 Sold (Public Records) $35,500 Public Records

Property tax history

+1.8%/yr

Latest (2025): $1,927 · +5.0% YoY. Source: county tax records.