1116 Murray Ave · Akron, OH 44310

$127,500

4 bd · 1.0 ba · 1,436 sqft · SingleFamily public records · 37 Days on market

Built 1924 4,560 sqft lot Est $141k · 9% 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).

• Cash flow +21.8/30.0
• ARV discount +11.7/15.0
• DSCR +6.9/10.0
• 1% rule +6.0/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

4 bedroom, 1 bath colonial with original woodwork. Furniture and some kitchen items as part of the sale. Nice porch and backyard. Electrical and Furnace approx 2007. Seller Selling AS IS.

Key facts

• Covered front porch
• Full basement
• Vinyl siding

Tags

• HARDWOOD FLOORS
• VINYL SIDING
• FULL BASEMENT
• OFF-STREET PARKING
• COVERED FRONT PORCH

Property features AI

Exterior

• Parking: Driveway with gravel surface
• Utilities: Public water; Public sewer
• Home design: 3-story home; Vinyl siding exterior; Asphalt roof
• Construction: Built (year source: appraiser); Vinyl siding construction; Asphalt roof
• Exterior features: Front porch; Covered rear porch

Interior

• Kitchen: Range
• Bedrooms: One bedroom on the third floor; Three bedrooms on the second floor
• Flooring: Carpet in one bedroom; Wood flooring in living room and dining room
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (gas)
• Interior features: Full basement
• Laundry & utility: Washer hookup in basement; Electric dryer hookup in basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $128k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $128k).
• Recommended offer: $124k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 6.6% in Akron — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 81/100 on livability (#104 in OH, #1,591 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Akron City (urban): math 22% / reading 30% proficiency, ranked #602 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.8%/yr); 86 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,114 units permitted in Summit County in 2024 (397 in 5+ unit buildings).
• This rent runs 41% of the median local income ($41k/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 $882 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Summit County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($124k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 15y 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 $41k; list at $128k implies a 211% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $123,675 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — 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. 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: 1.10% ✓
• Cap rate: 8.15%
• Cash-on-cash: 6.63%
• DSCR: 1.29
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $140,728
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1091 Collinwood Ave	0.10mi	5/1.5 (+1)	1,493 (+4%)	2mo	$125,000	$84	80
1156 Clifton Ave	0.22mi	3/2.0 (-1)	1,460 (+2%)	2mo	$140,000	$96	76
1172 Woodward Ave	0.33mi	3/1.0 (-1)	1,471 (+2%)	5mo	$170,000	$116	72
1103 Sawyer Ave	0.14mi	4/1.0	1,248 (-13%)	1mo	$116,430	$93	71
1048 Murray Ave	0.13mi	3/1.5 (-1)	1,304 (-9%)	4mo	$99,000	$76	68
1203 N Main St	0.42mi	3/1.5 (-1)	1,453 (+1%)	4mo	$82,000	$56	68
1266 Dayton St	0.39mi	3/1.5 (-1)	1,392 (-3%)	4mo	$162,000	$116	67
230 Helen Ave	0.56mi	4/1.5	1,390 (-3%)	1mo	$154,000	$111	66
1026 Woodward Ave	0.36mi	3/1.0 (-1)	1,302 (-9%)	1mo	$128,000	$98	62
1053 Mount Vernon Ave	0.13mi	3/1.0 (-1)	1,244 (-13%)	5mo	$105,000	$84	62
1074 Linden Ave	0.17mi	3/2.0 (-1)	1,222 (-15%)	5mo	$127,000	$104	54
1282 Woodward Ave	0.44mi	3/2.0 (-1)	1,254 (-13%)	2mo	$189,000	$151	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 · 4.82% rent growth · sell at horizon

5-year hold

• IRR: -4.0%
• Equity multiple: 0.85×
• Total profit: $-5,457
• Equity at exit: $19,011

10-year hold

• IRR: 7.7%
• Equity multiple: 1.64×
• Total profit: $22,670
• Equity at exit: $11,024

Cash invested: $35,700 (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 44310

• Rents YoY: 4.8%
• Active inventory: 86
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,397 high
• Mortgage (P&I): −$669
• Tax from tax record: −$185 /mo · $2,220/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $197

Break-even live

Break-even rent $1,148

Max offer price $127,500

Occupancy floor 81%

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: $31,875
• Closing costs: $3,825
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1088 Lexington Ave Akron, OH	3.0	1.0	1008	$1,600	$1.59	14d	1	0.10mi
1180 Murray Ave Akron, OH	3.0	2.0	1340	$1,175	$0.88	21d	1	0.11mi
649 Patterson Ave Unit B Akron, OH	3.0	1.0	1200	$900	$0.75	44d	1	0.88mi
835 Carlysle St Akron, OH	3.0	1.0	1152	$1,250	$1.09	44d	1	1.00mi
586 Robinette Ct Akron, OH	4.0	1.0	1040	$1,250	$1.20	44d	1	1.04mi
805 Carpenter St Akron, OH	3.0	1.0	1056	$1,100	$1.04	23d	1	1.08mi
570 Dayton St Akron, OH	3.0	1.0	1140	$1,350	$1.18	14d	1	1.09mi
559 Dayton St Akron, OH	3.0	1.0	1200	$1,200	$1.00	44d	1	1.09mi
1832 15th St Cuyahoga Falls, OH	3.0	1.0	1000	$1,495	$1.50	23d	1	1.09mi
265 Cranz Pl Akron, OH	4.0	1.0	1376	$1,300	$0.94	44d	1	1.16mi
1823 7th St Cuyahoga Falls, OH	3.0	1.5	1248	$2,850	$2.28	44d	1	1.21mi
15 W York St Akron, OH	3.0	1.0	1178	$1,150	$0.98	21d	1	1.32mi
1059 Jean Ave Akron, OH	3.0	1.0	1012	$1,300	$1.28	44d	1	1.34mi
467 Lynn Dr Cuyahoga Falls, OH	3.0	1.0	1414	$1,600	$1.13	14d	1	1.36mi

Listing history 13 events

1. 2026-05-18
   status Pending
2. 2026-05-18
   status Active
3. 2026-04-24
   historical Contingent
4. 2026-04-22
   price $127,500
5. 2026-04-11
   listed $130,000 Active
6. 2025-11-19
   historical $1,250
7. 2025-11-07
   listed $1,250
8. 2018-11-28
   status Pending 188-char remark

   Show marketing remark (188 chars)

   4 bedroom, 1 bath colonial with original woodwork. Furniture and some kitchen items as part of the sale. Nice porch and backyard. Electrical and Furnace approx 2007. Seller Selling AS IS.

9. 2018-11-26
   soldstatus $41,000 Sold 188-char remark

   Show marketing remark (188 chars)

   4 bedroom, 1 bath colonial with original woodwork. Furniture and some kitchen items as part of the sale. Nice porch and backyard. Electrical and Furnace approx 2007. Seller Selling AS IS.

10. 2018-11-14
    historical Contingent 188-char remark

    Show marketing remark (188 chars)

    4 bedroom, 1 bath colonial with original woodwork. Furniture and some kitchen items as part of the sale. Nice porch and backyard. Electrical and Furnace approx 2007. Seller Selling AS IS.

11. 2018-11-06
    listed $45,000 Active 188-char remark

    Show marketing remark (188 chars)

    4 bedroom, 1 bath colonial with original woodwork. Furniture and some kitchen items as part of the sale. Nice porch and backyard. Electrical and Furnace approx 2007. Seller Selling AS IS.

12. 2012-04-24
    historical
13. 2011-10-24
    listed $45,000

ⓘ 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: $2,220 · $185/mo
• Projected year-2 tax: $2,220 · $185/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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,769
• − Mortgage interest: −$7,142
• − Property taxes: −$2,220
• − Insurance: −$638
• − Repairs & maintenance: −$1,342
• − Management: −$1,342
• − Depreciation: −$3,709
• Taxable income: $378
• Est. tax owed @ 24.0%: −$91
• After-tax cash flow: $2,276/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: Akron City
• NCES district ID: 3904348
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 30% ▼ -12.00%
• Median HH income: $33,811
• Composite: 21.31/100
• National rank: #8383
• State rank: #602 of 656 in OH

Livability — Akron

• Score: 81/100
• State rank: #104
• US rank: #1591

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Akron, OH
• County: Summit County · 440,783 people
• City population: 174,375
• Metro: Akron, OH
• Population (ZIP): 25,496
• Household income: $41,066
• Rent vs Own: 60.7% rent · 39.3% own
• Severe rent burden: 2058.0

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: Highly diverse neighborhood (Simpson 0.73)
• Race & ethnicity: White 40% Black 25% Asian 20% Hispanic / Latino 10% Two or more races 9%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 2% Slovak 1% Italian 1%
• Foreign-born: 25% · Canada, India, Philippines
• Languages at home: 69% English-only · Other Indo-European 13% Spanish 7% Other Asian/Pacific 6%

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: ▼ -194.41%
• Current HPI: 203.4431
• Rent YoY: ▲ 4.82%
• Metro: Akron, 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

+183.3% since first listed

13 events — show timeline

• 2026-05-18 Pending — MLSNOW
• 2026-05-18 Relisted — MLSNOW
• 2026-04-24 Contingent — MLSNOW
• 2026-04-22 Price Changed $127,500 MLSNOW
• 2026-04-11 Listed $130,000 MLSNOW
• 2025-11-19 Rental Removed $1,250 Avail
• 2025-11-07 Listed for Rent $1,250 Avail
• 2018-11-28 Pending — MLSNOW
• 2018-11-26 Sold (MLS) $41,000 MLSNOW
• 2018-11-14 Contingent — MLSNOW
• 2018-11-06 Listed $45,000 MLSNOW
• 2012-04-24 Listing Removed — MLSNOW
• 2011-10-24 Listed $45,000 MLSNOW

Property tax history

+3.8%/yr

Latest (2025): $2,220 · +0.2% YoY. Source: county tax records.